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Sounds like you are jealous of China! It’s understandable since you are only from Australia. What exactly has Australia done on the world stage that is noteworthy?
Despite your idealism, the reality of this trend in Taiwan is clear. As Taiwan rely more on trade with China, and as Taiwan continue increasing debts, its leverage for independence weakens. If you ever take on some real responsibilities, you will find your naïve idealism replaced with practical reality, just like how many of the Taiwanese and Taiwan businesses reacted negatively to CSB’s political idealism during his New Year speech.
China has a large market. But more importantly, it has large savings as a country, which can translate to large consumption. It also has a stable government, as businesses that invest do not like instability and the uncertainty that comes with it. China does have cheaper labor, which allows it to compete favorably in the world economy. But other countries around the world have cheap labor too. China actually outsources some assemblies to other countries. So when you factor all these reasons, lower labor cost, high domestic savings that can mean high consumption for the right company and product, large market, stable government, and the ability to protect shipping vessels and channels (something China is rapidly working on), it’s clear why the world is eager to trade with China. Australia only wish they had that problem, as your jealous envy is quite apparent.
[ Last edited by raymondusa at 2006-1-12 11:38 AM ]