chrisrobin
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If you think about the long tern consequences its already to late. Cyber theft etc has been taking place for years, China has all the secrets from German Manufacturers - and indeed the entire free world - or what we think is the free world - and are using that information to hone down and refine their own products. China has never bothered with the rule of law its just the rule of might.yes they will, but it doesn't mean they won't experience a crisis. Such a crisis would hit the rest world as well... I don't worry what will be in another 4000 years, but what will happen withinthe next 40.
that's a topic that is seen quite controversial. On the one hand we appreciate the extra money that comes in our economy when they buy it, just as we appreciate even more moneyif they run further inventions.
On the other hand we think about the long term consequences. China wants to develop its own economy, what will happen to Germany in case of knowledge transfer? What will happen in case of a crisis, will they support their German companies just as much as their own?
It's very likely that we grow our own competitor... not so good.
As for local economies world wide the west is benefitting from the floods of cheap imports, fakes, copies and near replicas - and hey - the west is enjoying them to the detriment of the companies who actually own the copyright, patents etc to these goods. Don't expect the Chinese to stop these exports, don't expect the Cheese to stop stealing secrets and don't expect China to come to the aid of America - for truth to tell the great American public like these fake bags, tans, bling and white goods as much as the rest of the world..