US Financial Crisis/Bailout, China's Role

pla101prc

Senior Member
America may yet have the last laugh. If Obama's vision for America is to have its industry based on green technology of the 21st century comes to fruition, while China's, because of cost, stays with 20th century technology.

no its impossible for the US to actually employ green technology. they already have it, dont underestimate america's R&D capacity. the only reason they havent fielded this stuff is because the oil companies and investors are preventing that from happening. so i am sceptical about how far obama can take his plan. this dude has like 4 years of political experience he needs to accumulate some support in the upper-class first before he needs to do anything...and that entails DONT MAKE BIG CHANGES that are gonna hurt the interest of big business owners. so talk big is obama's best strategy now
 

pla101prc

Senior Member
Anyway according to the San Francisco Chronicle, it looks like another quality issue over Pet Food is about to break

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yeah i read that article too on a Chinese website. this is a perfect illustration of what i just said about media everywhere. to my understanding this brand is an australian brand or whatever. and it is no coincidence that foreign brands in China are frequently getting busted for bad qualities after the Sanlu fiasco. there were american brands being scrutinized as well. the reasons for why this is happening is pretty obvious...and some are not so obvious. but you can generally see that in order to really understand what is going on just reading the news is not enough, you gotta THINK about it. and that's what ppl today tend to omit...sadly
 

pla101prc

Senior Member
Actually China is one of those countries that are heavily investing in alternative energy research and development. You can read another thread on this forum on this. They include stuff like among the world's largest solar energy farms to coal liquification to HTGR reactors and even fusion power research, where currently the world's largest experimental reactor on this is in China.

i was in China this summer and the entire country placed a quota on the use of plastic bags and diesel (it was rumoured at the time that China was storing up for war). goes to show how committed China is to energy saving.
with that being said though, China's economic growth will be driven by manufacturing industry for the next several decades, and it might take a while for the industry to shift their modes of production. the state council has already started workin on this but its gonna take a long while before we see any substantial results
 

crobato

Colonel
VIP Professional
Yes, Im aware of all that, they have certainly made impressive progress and I wish them every success, but when "push comes to shove" my dollars with the USA when it comes to implementation.

I also read a interview with Hu who stated that despite the research in newer technologies, China would in the immediate future and in the main, be staying with tried and proven technology because of the price advantages.

What makes you so sure? It takes a lot of political will, and the problem is that some thinks such implementation is too "Communist", "liberal" or "left wing" or simply for that matter, a degree of government regulation and intervention in a such a scale that Americans are unfamiliar with or would not be comfortable with. Although for other countries, such spartan measures would have been typical. Most countries have tighter fuel and safety regulations than in the US, including Japan, S. Korea, much of Europe, and China at least on the fuel part (safety regs need some improvement). See taxation on fuel consumption or car engine displacement size. The ability to develop such technologies is certainly there in the US, but the ability to implement them socially is another thing. This is related to the ability to develop and implement economical car technologies, and guess which countries came out ahead in this one. I'm pretty sure there would be wide opposition on the further "greening" of the US. On the other side there are vital and strategic technologies, such as nuclear energy and coal liquification which the greens and the left wing are going to severely oppose as well. When is the last time you have a brand new nuclear plant in the US? So you get squeezed between both sides of the aisle.
 
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bladerunner

Banned Idiot
quote Crobato >What makes you so sure?

I remember a friend of mind on a business fact finding tour of China once telling me he noticed alot of the newer cleaner technologies such as "scrubbers" in factories were being under utilised. When he questioned why, he was told it was the cost factor. Although this is only one example, i wouldnt be surprised of many more incidences where cost is the driving factor.
 

pla101prc

Senior Member
What makes you so sure? It takes a lot of political will, and the problem is that some thinks such implementation is too "Communist", "liberal" or "left wing" or simply for that matter, a degree of government regulation and intervention in a such a scale that Americans are unfamiliar with or would not be comfortable with. Although for other countries, such spartan measures would have been typical. Most countries have tighter fuel and safety regulations than in the US, including Japan, S. Korea, much of Europe, and China at least on the fuel part (safety regs need some improvement). See taxation on fuel consumption or car engine displacement size. The ability to develop such technologies is certainly there in the US, but the ability to implement them socially is another thing. This is related to the ability to develop and implement economical car technologies, and guess which countries came out ahead in this one. I'm pretty sure there would be wide opposition on the further "greening" of the US. On the other side there are vital and strategic technologies, such as nuclear energy and coal liquification which the greens and the left wing are going to severely oppose as well. When is the last time you have a brand new nuclear plant in the US? So you get squeezed between both sides of the aisle.

the market is the key here. i doubt either China or the US will adopt "green fuel" in the near future. its more likely for europe to be the first large political/economic entity to do so.
 

crobato

Colonel
VIP Professional
quote Crobato >What makes you so sure?

I remember a friend of mind on a business fact finding tour of China once telling me he noticed alot of the newer cleaner technologies such as "scrubbers" in factories were being under utilised. When he questioned why, he was told it was the cost factor. Although this is only one example, i wouldnt be surprised of many more incidences where cost is the driving factor.

It happens everywhere and anywhere and it is kind of pointless trying to point out China in particular when everyone is culprit.
 

bladerunner

Banned Idiot
yeah i read that article too on a Chinese website. this is a perfect illustration of what i just said about media everywhere. to my understanding this brand is an australian brand or whatever.

American actually, however some sources are suggesting its a Chinese copy.Meanwhile they've got a problem with some domestically produced peanut butter, causing death and several hundred ill, now thats a turn up for the books, especially after I read a FDA alert about domestically produce licquorice containing lead, late last year.
 

pla101prc

Senior Member
American actually, however some sources are suggesting its a Chinese copy.Meanwhile they've got a problem with some domestically produced peanut butter, causing death and several hundred ill, now thats a turn up for the books, especially after I read a FDA alert about domestically produce licquorice containing lead, late last year.

in canada there was a listeriosis crisis that killed 20 ppl this year. and the gov didnt even shut down the firm. now they are back in production again. so its all about how the media interprets it. if the media wants to make a big deal out of something, then it becomes a big deal
 

SampanViking

The Capitalist
Staff member
Super Moderator
VIP Professional
Registered Member
Hmm, some 'intellectuals' go to BBC & some US media to publish their letter abt media distortion in China. Is it just me or the intellect part seems to be missing from these 'intellectuals' ? :D

You are left wondering are you not? :D

and of course never any mention of who these people really are or their area of expertise.
 
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