If the Fed really wanted to boost money supply, it seems it would have had to increase the level of QE2 to offset the tightening created by China.
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For all the wealth that's been created, spending by China's own citizens accounts for just a third of the economy - that's half the level of Western nations.
Finally, we have the 2 million jobs to be created by cracking down on China.
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As the article demonstrates, since the imposition of AD duties on Chinese furniture beginning in 2005, imports from Vietnam, Indonesia, and other countries not subject to the AD restrictions have emerged to fill the vacuum created by declining imports from China.
FORBES: Why Antidumping Duties On Chinese Furniture Don't Save U.S. Jobs
Next year, he plans to fly from the UK to China powered by fuel created from landfill waste.
The reason given was that the extra power created by raising the reservoir level would be needed in China.
But as with the rest of China's growth model, the imbalances created by its lopsided approach to internationalising the currency will eventually have to be resolved.
By holding trillions of dollars of low-yielding foreign debt, China deprives its citizens of the wealth that could be created by relaxing capital controls and encouraging imports by allowing market-determined exchange rates and freely determined interest rates.
The second was the huge capital inflows being significantly "understerilized" (insufficiently absorbed by the central bank) that swelled domestic money supply and credit and created China's very own asset bubbles.
The commitment of China to an export-led growth model, matched by a willingness from rich-world consumers to keep spending, created persistent surpluses in China in particular.
"Chitibanking" was used by the British in China, while the Chinese themselves, initially rice and tea traders, created their own "flying money, " a.k.a. fei ch'ien.
Until the former British colony was handed back to China in 1997, the government, in agreement with the Chinese, created an artificial land shortage by releasing only small quantities of land for development.
The mice were created by Tian Xu, a Howard Hughes medical investigator at Yale, and his colleagues at Fudan University in Shanghai, China.
The government reported that 8.1 million new jobs created in the first seven months, which is 390, 000 more than that by July last year and comparable with the 12 million jobs created in 2011 and the 11 million in 2010 when China was winding down its massive crisis spending from 2008.
FORBES: Despite Slowing Economy, China Keeps Job Market Humming
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