A Quote by Adam Smith
China is a much richer country than any part of Europe.
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When China got into the WTO, that allowed it to sell into any other country within the WTO - not just the United States - at the lowest tariffs that country offered. And the other countries could sell into China at the lowest tariffs that China offered. The problem, right off the bat, was that China had much higher tariffs than everywhere else, so the U.S. and Europe in particular got the short end of that stick.
It is not the actual greatness of national wealth, but its continual increase, which occasions a rise in the wages of labour. It is not, accordingly, in the richest countries, but in the most thriving, or in those which are growing rich the fastest, that the wages of labour are highest. England is certainly, in the present times, a much richer country than any part of North America. The wages of labour, however, are much higher in North America than in any part of England.
Unlike Europe, China can't be intimidated. Europe backs down if the United States looks at it the wrong way. But China, they've been there for 3,000 years and are paying no attention to the barbarians and don't see any need to.
The truth is that we have long had a multi-track Europe with very different objectives. The traditional differences between the north and the south in fiscal and economic policy are far less problematic than those that exist between Eastern and Western Europe. In the south and east, China is steadily gaining more influence, such that a few EU member states no longer dare to make decisions that run counter to Chinese interests. You see it everywhere: China is the only country in the world that has a real geopolitical strategy.
Like any developing country, it has an inequality of wealth. In the Chinese case, it is particularly [pronounced] by the fact that they decided they couldn't make the whole country move forward simultaneously, so they've started region by region. So the interior regions are much less well off than the coastal regions. And this is certainly a huge challenge, because it produces a flow of populations from the poorer regions to the richer regions.
I just wanted to see China with my own eyes. I wanted to see whether North Korea was the best country in the world or China was the best. I grew up believing that China was much worse than North Kore, because that's what the regime told us.
We all need Europe, not just those of us in Europe. And we Germans need Europe more than the others. Germany is the country with the longest border, the most neighbours, and is, by population and economic strength, the number one in Europe.
The retinue of a grandee in China or Indostan accordingly is, by all accounts, much more numerous and splendid than that of the richest subjects of Europe.
Between 1995 and 2009, Western Europe's entrepreneurs created jobs faster than the U.S. did, and European economies exported more than the BRIC countries of Brazil, Russia, India and China. Eastern Europe's productivity increased more rapidly than East Asia's.
Who could deny that our Austria is richer than any other country? As the saying goes: "We have money like manure.
Turkey is not a part of Europe and will never be part of Europe ... The universal values which are in force in Europe, and which are fundamental values of Christianity, will lose vigor with the entry of a large Islamic country such as Turkey.
Our goal there, in my view, is to work and lean strongly on China to put as much pressure. China is one of the few major countries in the world that has significant support for North Korea, and I think we got to do everything we can to put pressure on China. I worry very much about an isolated, paranoid country with atomic bombs.
China, the world's most populous country, 1.3, 1.4 billion people, will in the next decade or so have to begin looking for people outside of China.What does this mean? China will have to become a much more welcoming society. It means that China will have to attract immigrants from other countries in order to slow the aging of the population.
China's reform and opening-up programme and Europe's integration process have both contributed significantly to global peace, development, and prosperity. China firmly supports the integration of Europe and regards the E.U. as a strategic partner that deserves our confidence.
China invaded Tibet. It invaded it. So all this nonsense about them being the same country is absurd. It's called Tibet. If it was part of China, it would be called China, wouldn't it?
The challenge is whether China as a rising country, the United States as the superpower, can develop a cooperative relationship in this period before nationalism becomes so dominant in China as a substitute for communism, and a kind of self-righteous isolationism in this country that substitutes China for the Soviet Union.
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