RogerFGay
01-08-2008, 03:11 PM
Due to global open trade treaties, China is rapidly increasing its wealth selling goods cheaply to the West, particulary the USA. (1) This has led to increased construction with modern features such as air conditioning, more and larger automobiles, and rapidly growing energy intensive manufacturing.
China has a population of around 1.3 billion - 4-5 times that of the US and the EU. If the trend continues, China could consume enough energy from world supplies to cause collapse of the world economy.
How concerned are you about this problem?
What, if anything, do you think should be done?
1. The US trade deficit with China has increased from nearly nothing in 1985 (6 million dollars) to an annual rate of more than $200 trillion in 2007. (US Census Bureau http://www.census.gov/foreign-trade/balance/c5700.html )
China has a population of around 1.3 billion - 4-5 times that of the US and the EU. If the trend continues, China could consume enough energy from world supplies to cause collapse of the world economy.
How concerned are you about this problem?
What, if anything, do you think should be done?
1. The US trade deficit with China has increased from nearly nothing in 1985 (6 million dollars) to an annual rate of more than $200 trillion in 2007. (US Census Bureau http://www.census.gov/foreign-trade/balance/c5700.html )