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It's a reminder to the American Regime that the British can do what the American Regime does too!|
Yes, DUBAI WORLD financial calamity!
I was watching how British Club member states were channeling prized assets in Hong Kong, Singapore, England,and in Dubai itself for HUGE SUMs!
Suddenly we are looking at US$80billion in debts being in doubt, causing another round of financial confidence concern around the globe! We are talking about US$1 trillion in banking assets or around 2-3% of the global system!
Fortunately for China, it has already experienced American Regime manipulations. It has managed to stave of the worst effects by government stimulus especially in infrastructure investment (rail, airport, seaport, high speed rail networks, desalination, irrigation), real estate growth in its cities and increase in local government services - such as Internet, mobile phone, clean water, sewage processing,
This new CRISIS, will give China the opportunity to expand stimulus work to bring China's infrastructure up to date without causing inflationary side effect should consumption be strong in USA, Europe and the British Club!
Now, it's time for 2nd round of stimulus targeting at improving crude oil, gas, refined petroleum pipelines. Expansion of intensive fiberglass data transmission network to improve secured internet, telco, data transmission. Financial infrastructure computer networks. Central government could ENCOURAGE China's baby Mega companies to start improving FOOD storage, processing (to match new high technology appliances now produced in vast quantites by china's mega electronic companies) - this will mean network of cold storage facilities, advanced grain storage.
In China's farming sector, IRRIGATION, and farm product processing would expand the range of economic activity in the rural regions!
and of course, FINANCIAL CAPITAL CONTROLs to prevent panic attacks!
China is truly amazing empire! It must have seen all this crisis years ahead!!!!!