- Registration time
- Last login
- Online time
- 3186 Hour
- Reading permission
Reply #35 robertcheng's post
At the moment, I WOULD SUGGEST greater reliance on MORTGAGE market, AUTOMOTIVE market to spur consumption as item one is an INVESTMENT, while item 2 is a DEPRECIATING MAJOR ASSET, with great job creating, economic activity generating.|
Credit cards should come later. (a lot of part time job created by credit card promoters)
(BUT WE SHOULD ALSO REALIZE a single party CREDIT = CASH with another party; encouraging ASSET ACCUMULATION should be top priority, ie. HOME, OFFICES, SHARES IN LISTED COMPANIES etc.)
SAVINGS should be encouraged!, for NEW INVESTMENT and REINVESTMENTs of productive capacity and on new category of trade to suit the expanding incomes of Chinese in the Yangtze Delta. In my opinion, a slow increase in income of service and government workers now, would provide additiional cash to expand consumption and thus the consumption of productive capacities.
In addition, the rapid increase in the automotive, crude oil refineries, electric generation, shipbuilding, engineering and now with the arms race, long term programmes to build submarines, ships, aircrafts, tanks and such would sustain the economy!