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Offshore World Champion
did china surpass the us?
so china has bigger cities nicer skylines and a HUGE population they have a larger military they have nukes everthing over there seems to be less than 15 years old they have taller buildings over there and a better education like i ask myself where did the usa screw up was it in vietnam or in iraq like china got occupied by japan in ww2 why is there economy growing so fast and we are just falling down another thing is why dosent the us just stop helping other countries when its THIER problem like why do we help them and not russia like africa why are we rewsponsible for the poverty why ? thanks and btw this is for a friend
They have had the highest population of starving poverty-stricken people for ages. As an industrial revolution came to China, this situation offered a huge labor force to utilize at pennies on the dollar, and the corrupt government officials imposed threat of force upon the population in order to CAPITALIZE on the plight of China's People.
@Dog Lover - Much of what you say is correct. However, your favorite bosses who feed propaganda to you fail to mention that THEY TOO are illegally transferring TRILLIONS of dollars out of China and into personal accounts offshore.
Your: "When individuals have made tons of money, instead of helping the nation for development for the benefit of everyone, they move the money into their off shore accounts for their personal sole interests" applies to the government of China as well.
" For every $1 that Western companies invest in China, a Trib analysis found, the Chinese hide $4 offshore.
From 2000 to 2009, that net illicit outflow totaled $2.74 trillion, according to Global Financial Integrity, which champions tax reform in the developing world.
“Corruption in China dwarfs the rest of the world,” Global Financial spokesman Clark Gascoigne said. “The economists here are very pessimistic about China's long-term prospects.”
James Henry, owner of the Sag Harbor Group in New York, an international business consulting agency, said he disagrees with the methodology that Global Financial uses to reach its figure, but agrees that there is significant capital flight from China. He said at least half of world funds pass through shadow jurisdictions, at least on paper.
China soon will see the effects of corruption in the failure of infrastructure the Communist Party built during the past decade, said Sarah Freitas, one of the economists who wrote the Global Financial report.
Until then, the Chinese appear determined to shovel their newfound wealth out of the country. A 2011 study by China Merchants Bank and Bain & Co. found that nearly 60 percent of wealthy Chinese have or will invest overseas. "
http://triblive.com/news/2126360-74/tax-money-accounts-taxes-countries-financial-hide-billion-china-global#axzz2LJBgvXMe
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1994 Offshore Powerboats World Championship
{ 2 comments }
The Repeat World Champion Lakers look good with Bynum and Walton injured, just going to get better when Bynum returns to beef up the frontline. Steve Blake fits in so much better than Jordan Farmar did, no idiotic hotdogging just solid basketball play. Matt Barnes is fitting in great as Kobe's backup. The Lakers are the team to beat because they have Kobe Bryant, the greatest basketball player in the world and the Repeat World Champion Lakers will Threepeat next June against the Ancient Celtics.
Bin Laden: Hide-and-Seek World Champion 2001-2011
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