Quote:
Originally Posted by halfpint
I think China is going to be the worlds strongest economic nation very soon if not already  |
No doubt about that halfpint - they have more trade delegations floating around the globe than I've had breakfasts (and I kinda like breakfast
)
Can't remember the extact percentage, but they are using up something like 40+% of the world's cargo fleet to ship their production - and this is pressuring shipping costs upwards on the remaining percentage.
Where I am, they just dumped another $50mill in trade deal "aid" to complete a major road and other elements. They are not doing that for nothing - the road is the main route from a suitable Chinese landing port to deliver product and runs into the heart of the country.
In Pamana - they now own the place (kinda!) and dumping many millions into renovating the Panama Canal - to cut their shipping time/costs.
The moment any HSBC bank (Hongkong and Shanghai Banking Corporation) opens in any country - you can be sure there are trade deals in progress.
They never stop
