Fearing Downturn, Chinese Regime to Invest $1.7 Trillion

[DeSwiss]

Run time: 01:46 https://www.youtube.com/watch?v=-Br1f5tyUL0   Posted on YouTube: November 22, 2011 By YouTube Member: NTDTV Views on YouTube: 62   Posted on DU: November 23, 2011 By DU Member: DeSwiss Views on DU: 1267

 

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The Chinese regime has confirmed that it will invest more than one and a half trillion dollars into certain sectors of the Chinese economy. The stimulus is aimed protecting against a slowdown that many fear may be inevitable.

China confirmed to visiting US officials that Beijing plans to pour $1.7 trillion into so-called "strategic sectors" over the coming five years.

This vast sum will in part be focused on alternative energy and biotechnology, as well as other hot high-tech sectors.

American Commerce Secretary John Bryson met with Chinese officials at the US-China Joint Commission on Commerce and Trade meeting in the city of Chengdu. While there, he and other US representatives discussed economic matters with Vice Premier Wang Qishan and Vice Finance Minister Zhu Guangyao.

The Chinese officials confirmed the massive investment, and indicated their awareness of deep tensions with the US over trade issues.

(Zhu Guangyao, Chinese Vice Finance Minister): "We don't evade conflicts, we don't avoid problems. But all of these problems emerged during the course of development. We need to address these problems and conflicts through growth, and push the China-US economic and trade relationship to a new level through the resolution of these conflicts and problems."

Other issues discussed include intellectual property rights, and other points of trade conflict. Secretary Bryson indicated after the meeting that there is (quote) "significantly more work" to be done to bring the two sides towards agreement.

[McCamy Taylor]

1. China is smart, right? They think investing in their own economy will keep it strong.

So, how come the GOP blocks any attempt to invest taxpayer money in the US economy (except the corporate welfare we lavish on Bank CEOs etc.)? Is the GOP being paid by China to keep our industries---like alternative energy, auto manufacturing, durable goods manufacturing---weak so that China can take over US markets? The problem for China will be that no one in the US will be able to buy their goods. Maybe they should stop bribing the GOP to depress our economy and start bribing Dems to boost our economy----unless they are hoping to pick up lots and lots of American real estate for a song.

[DeSwiss]

3. Because GOPers work for the rich who couldn't care less about the USA.

Their nation-state. is the FED/IMF.

- All of which is falling down like London Bridge.......

[nineteen50]

2. what kind of economics is that

Keynesian Marxist? the political pundits should have a field
day.

[DeSwiss]

4. At this point......

...the Chinese appear to be economic communists in-name-only.

- Yet they have kept the http://therealrevo.com/blog/?p=13042">courser http://fitsnews.wordpress.com/2007/07/11/how-china-rolls/">aspects of their deficient and cancerous system of communism in-tact.....