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7 posts • Page 1 of 1
It doesn't take a genius to see that much of the power that the US once had is now shifting to China...
A long time ago, I once heard someone say that New York City was "the capital of the world." Perhaps soon people might say the same about Hong Kong!
http://www.aljazeera.com/news/asia-paci ... 90525.html
Yes, its true Jackal. All the capital and investments are moving towards Asia. Jim Rogers has been saying this for years now. When I traveled to Asia in 2009 for vacation, I was shocked to see how modern parts of Asia were becoming. The last time I visited the region was in 1989, and it was a totally different back then. I noticed how modern the airports, trains, and infrastructure was compared to the United States.
When I came back to the States, I felt like I was back in a Third-World country going into the dilapidated JFK airport, pothole filled roads and crumbling bridges, and people dressed as complete slobs compared to well-dressed Asians! Most of the people in NYC come from Third World countries and it shows!
China does not equal the rest of Asia. People forget how diverse the Asian region really is. From Singapore, Taiwan, Thailand, India, S. Korea, Japan, Indonesia, etc. I would even include Australia and New Zealand as part of the Asian region since most Aussies and Kiwis see their countries as part of Asia. You can't deny that the engine of the global economy is in the Asian region.
I agree. The Chinese government does many unethical things, but so does the US government. The governments of most superpowers are a bit crazy, I think. This is why I prefer to live in smaller countries where the problems aren't on such epic scales of magnitude.