The Great Nation of China
Essay Preview: The Great Nation of China
Report this essay
What does one do with 3 trillion dollars; defiantly very few can answer that question. The great nation of China is the only one with this existing problem. Seem like the government needs new outlets to diversify the nations reserves. At this moment a large portion has been invested in the American government securities. Due to the worlds economy, market inflation and money deprecation the Chinese are looking for other profitable investment in order to stay ahead of the world in the money trade.
I think the world as a whole should and can learn from the Chinese, the method of governing and wise choices made to the county shows amazing leadership. When a country has zero debt, and profit gains this only proves that when a nation puts its fellow countrymen first that the country benefits first. This was a great article, it was very informative. I seriously doubt many were aware of Chinas amazing condition as a nations.
Discipline, one word comes to my mind when the country of China is spoken, in any form and in any interpretation. China has always been labeled a powerful country, and a world leader in technology and founder of new innovation. On March of 2011, the foreign exchange released profit for the nation of China. Its outstanding that in this day and age for any country to release new figures with the reserve holding more than 3 trillion dollars. China may have made very wise choices in purchasing equity, smart money marketing and great investments made on behalf of the people and the nation as a whole. China does have one problem, what to do with the money? This is a problem most nations would pay to have. In the grand scheme of things, as working class citizens I dont think most can comprehend how much money China holds and the amount of power it allows a nation to hold.
Inflation keeps the Chinese government worried and interested in other options for the placement of the reserve, with a bulk of the money in the American government securities. A budget of 3 trillion dollars can buy the nation of China the entire city of Manhattan, New York City (The Economist, April 16, 2011, p.81 The New York City Government, n.d.) for a swooping total of $287 billion dollars. The Nations Capital would be up for grabs as well; The State of Washington D.C. purchase price has a value of $232 billion dollars (The Economist, April 16, 2011, p 81). The country of Spain, Greece, Ireland, and Portugal also can restore the debt that has mounted with in the reserves of each state. The grand total of the four foreign nation combined would only tap into half of Chinas reserve. (The
Economist, April 16, 2011, p 81) Apple, Microsoft, IBM and Google could also become Chinas newest and best long term investment, this price tag is less than a trillion dollars (The Economist, April 16, 2011, p 81). Diversifying money, large summons of money is a problem bigger than some