Comments on: The Fed hints at interest rate relief http://www.johnredwoodsdiary.com/2007/08/22/the-fed-hints-at-interest-rate-relief/ Conservative Party Member of Parliament for Wokingham Sun, 20 Jul 2008 06:54:29 +0000 http://wordpress.org/?v=2.5.1 By: Tony Makara http://www.johnredwoodsdiary.com/2007/08/22/the-fed-hints-at-interest-rate-relief/#comment-5169 Tony Makara Thu, 23 Aug 2007 17:39:49 +0000 http://www.johnredwoodsdiary.com/2007/08/22/the-fed-hints-at-interest-rate-relief/#comment-5169 You are right about the way China is planning to use Africa as an economic base and source of dirt-cheap labour. The old style communist trick of offering 'Aid' and 'Mutual co-operation' to get a foot in the door still applies. The west must not allow Africa to fall under China's sphere of influence. China will not bring democracy or free-trade to Africa. China's primary objective is imperialistic. You are right about the way China is planning to use Africa as an economic base and source of dirt-cheap labour. The old style communist trick of offering ‘Aid’ and ‘Mutual co-operation’ to get a foot in the door still applies. The west must not allow Africa to fall under China’s sphere of influence. China will not bring democracy or free-trade to Africa. China’s primary objective is imperialistic.

]]> By: Tony Makara http://www.johnredwoodsdiary.com/2007/08/22/the-fed-hints-at-interest-rate-relief/#comment-5132 Tony Makara Wed, 22 Aug 2007 18:19:53 +0000 http://www.johnredwoodsdiary.com/2007/08/22/the-fed-hints-at-interest-rate-relief/#comment-5132 It pleases me greatly to see that John Redwood is following events so closely. What happens globally will impact on us at some point. The rise of China and India has certainly altered the financial dynamic. It will be particularly interesting to see how the Chinese cope with an ever expanding economy. The more they intergrate through trade the more they will be subject to meeting western standards of production and I wonder how that may effect price levels. The Chinese are currently predicting that they are to overtake the United States to become the world's second largest exporter if current export-growth speed is maintained. In the opening half of 2007 China's total exports grew a staggering 27.6% to reach a total of 546.7 billion dollars. Reply: As China grows her goods will become more expensive. Cheap production will migrate elsewhere in Asia and even in Africa - just watch how China is buying up African resources and trying to settle people in Africa. Cf the rise of Korea as Japan moved to dearer goods in the 1960s and 1970s. It pleases me greatly to see that John Redwood is following events so closely. What happens globally will impact on us at some point. The rise of China and India has certainly altered the financial dynamic. It will be particularly interesting to see how the Chinese cope with an ever expanding economy. The more they intergrate through trade the more they will be subject to meeting western standards of production and I wonder how that may effect price levels. The Chinese are currently predicting that they are to overtake the United States to become the world’s second largest exporter if current export-growth speed is maintained. In the opening half of 2007 China’s total exports grew a staggering 27.6% to reach a total of 546.7 billion dollars.

Reply: As China grows her goods will become more expensive. Cheap production will migrate elsewhere in Asia and even in Africa - just watch how China is buying up African resources and trying to settle people in Africa. Cf the rise of Korea as Japan moved to dearer goods in the 1960s and 1970s.

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