china and the world

China has finally had its break-out party and announcing to the world of its arrival with the 2008 beijing olympics. :) how will china affect the world? :) when youre on top everybody follows you. :) just like now, the american culture has a lot of influence all over the world from fastfood, clothes, music, movies and language to name a few. :) looking back at history the united states of america starting from the time of george washington took 100-150 years to be a truly world superpower and now the question is how long will it take china to get to the level that the us is in right now? Or will it ever get that powerful in the future? China is now a big threat to a lot of nations especially when it comes to industries because of china's cheap labor. China's rise to power started in the late 70's or early 80's and since then it has become a hungry machine continually expanding even up tp the point of increasing steel prices all over the world because of its unsatiable demand. The country has been expanding at a meteoric rate and has done so for a lot of years and some say that the bubble will burst soon. Well that remains to be seen. But with progress also comes a downside, pollution in china has been bad even up to the point that the international olympic committee has asked them to do something about it. Any country will welcome progress but it should always be sustainable development. :) pollution was never on their mind when coal fired power plants were being built at an average of one being opened and operated every week in the last few years and when factories were being constructed. In a way you cant blame the officials because these bring income to the city and work for the people but it also comes at a price. Just like the united states i just saw in the discovery channel last night that the us was one of the worst polluted places on the planet. This is because when they were growing they kept on opening coal power plants to supply their energy needs but now they are doing away with it .and are trying to develop clean and sustainable energy. Coal fired power plants are a short term solution with disastrous long term consequences. Tsktsk as they say yin and yang. I've seen on the discovery channel that china have spent billions of us dollars to improve the pollution problem and i laud their officials for taking action. It is never too late. :) china in terms of business and economy is now very stable but i could also say that it is still growing which is the really scary part. :) i believe that business in china has been so good that i know of a lot of people who decided to learn mandarin which shows the spread of chinese influence. :) business has been so good that world class casinos have been sprouting all over macau which of course since 1999 have been given back to china. :) these are just one of the few indicators of china's success and influence. The us right now is still in turmoil with the subprime crisis and it is also an election year and using logic, the new president on his first year still cant get things done and will still try to get the policies that he wants in place so i assume this subprime crisis will still go on for the next 2-3 years. Thats just my opinion and who knows maybe the new president can get america back on its feet right away but that still remains to be seen(lets just hope its not mccain because he will just be another george bush). :) the question, is will this even catapult china faster up in its influence in the world? :) now that is has opened its country to the world will it even increase its tourism industry? There is a lot of money in the tourism industry and it could really help the economy of any country a really concrete example is greece because i believe that maybe half of the country's income is tourism related. If only we could develop our tourism industry more here in the philippines it would really benefit us and it is nice to see that our taipans here see the potential and have invested in the said industry. I just hope our country could also develop the industry more to bring in more revenues for the country. If the balance of power does shift to asia then china and india will be the ones most likely to benefit from it but i do hope it will also benefit our country, the philippines, in a good way. :) im hoping for the best for our country. For a more stable political climate so that we could have a better investing environment. Please feel free to answer the 2-3 poll questions everytime you visit my blog. Let me hear your thoughts, questions and suggestions and send me an email at compounder888@gmail.com. Good luck and God bless to you all. :)