China - who has financed its development ?

They financed it themselves. They have pretty much all the raw materials they need, all the labour they need, and a pretty well educated population. They print the Remninbi needed to pay for it.

They finance around 1/8th of America's national debt

I spoke to an engineer in a hotel bar from a Swiss company that built metal casting machines. He was fresh back from a trip to China to do an installation of one of their top of the line casting machines capable of tonnes of castings per day. He said just 5 km outside Beijing fast food guys in the street were selling fried grasshoppers, he said, "they don't taste bad". He got there and found the factory had an earth floor, and his precision casting machine weighed a few tonnes. :(

No-go the installation.

He asked where the supply of molten metal was to come from and was shown a furnace "Like a beehive" which could only produce a "couple of spoonfuls" of metal per day.

I guess what we see here is only the result of successful enterprises. What proportion these are of the total is anyone's guess.

Is it not Renminbi ?? Renminbi = 11,000,000 hits, Remninbi = 495 hits

;-)

DG

so political change "let it happen"

saw a program that showed how allowing capatilist factors into farming increased the yield many times

i know about how they finance the US debt but its a timing thing

they do now but say 20 yrs ago before the rebuild , was it still the Chinese even though i think it was the Japs

Quite, most boot-strapping is debt or foreign investment based so in essence it's borrowed from the future, just look back at the establishment of the Bank of England and similar institutions in Holland during the mercantile era.

China now has a self-fulfilling cycle of production and exports, turning such raw materials (labour, commodities) into massive material surpluses is basically alchemy. The West is now predicated on a model of debt fuelled over-consumption and spiralling deficits (trade, govt, consumer), with some decadent paper shuffling to keep it all going.

Only country I know where the Govt. is trying to REDUCE GDP..!

if you have any links on this sort of thing please post