Finance, Forex and Investments

Why are the Western governments afraid of China's and India's booming economy?

We often hear many western leaders saying in the their conferences that they face new challenges from the emerging economic powers of India and China, what wrong with that? Challenge is good. Yet when they met in their G8 meetings, you hear them saying they admire the emergence of the Asian economies such as India and China. Do they really mean it?

Public Comments

1. cos they would knack the ozone layer
2. Americans live in a bubble. No other country has 1.2 Trillion Dollar Budget deficit. And China and India will not trade with US Dollar in future.
3. Today's inauguration of the Olympic Games in Beijing is a forsight or prevision of China becoming the next world power
4. I would recommend researching the decline and fall of the Soviet Union.....because it could be the US in the future.....
5. 3.5 billion indian +chinese vs....................................usa
6. So what is stopping the western powers to get their own Economy Booming ? The Fact remains that Western Powers have got hooked on Thatcherite Ideologies that are focused on Keeping The work force under pressure to take less for their Efforts while the Company Administrators are filling their coffers with Huge Profits . Have you never heard a Company speak (for example) about a 30 Million Profit as a Loss, because the year before they Made 40 Million.? The loss is lamented to their Shareholders .Britain's work force is being discouraged and oppressed with Laws that shackle them into submission by Anti-Union Laws .Millions of our Jobs have been given over to Foreign Countries (Abroad) Millions more at Home are given over to Imported Cheap and Illegal Labour. Acres of our sacred land are being Sold off to Erect Buildings that House and Protect our Enemies . You will never ever get those lands Back .Hell-- I can say a lot more but it falls on deaf ears. China and India have got Millions of People that are Poor enough to do as they are Told,and take what they can get . That is why they can show rapid progress . Our work force were Intelligent and lived proud -- Until today. Our Blossoms are in the dust .
7. They don't mean it. If they did, why would CNN turn America against China? Especially that son-of-a-b!tch Jack Cafferty.
8. These are old trading partners going back to the days of the London Mercers Company the forerunner of a burgeoning oligarchy of mercantile members of the property classes in the 1500's Many of the big financial houses that grew from a monopoly of trade in South India, Persian Gulf, Southeast Asia and East Asia gained virtual princely status alongside the aristocracy already in place. The financial benefit of centuries of good relations with China could hardly be derailed by a puerile propaganda coup put together by third rate intelligence officers could it? Smoke screens, revolving doors and mirrors are the three essential disinformation tools used by the elite to manipulate the public mind into believing this crap about 'a new challenge' from India and China. There is no way the Government is going to upset its trading partners - especially the Arab Emirates - remember Tony Blair pouring cold water on the Prosecution Case against the Sheiks taking bribes from our 'Defence' Industry? Our Government lies to us, regularly
9. they are not afraid , they are just being racist.