Does China need Wall Street for capital anymore? (1 Viewer)

[Meryl33]

While globalisation works in Wall Street favor in the beginning, it may also spells its demise. Electronic networks is bypassing the Street's old houses.

China finds that it could just as easily raise money in Hong Kong. China has one of the largest saving rates in the world. It is not inconceivable that in the near future the USA equity market will raise its capital in China.

The next big development in China to watch is the derivatives market.

CLCK HERE

 

[Phanatical]

You'd be surprised to find out just how much of America China owns...

 

[Not-That-Bright]

I think all the calls about china and america pwning each other by economic prophets should be kept in the light and offbeat section.

 

[Sonic]

depends on the lengths it's willing to take to stand alone... it's quite hard these days with globalisation and all.. then again everything is made in china and would affect the production process but on the other hand there still is india out there for production..

 

[supercharged]

Look around at appliances and consumer goods in your house....how much stuff says "made in india" at the back?

 

[Not-That-Bright]

You don't really think China could compete, standing on its own... do you? lol

 

[supercharged]

No country can stand entirely on its own. The closest would be Russia because they have their own oil supply and industries but they would still end up dirt poor.