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China & India To Spend Their $$$ August 20, 2008

Posted by tkcollier in Business, Geopolitics.
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Maybe the Olympics will awake people in the developed world, who are grossly ignorant of the size and power of the economies in the developing world.China has 1.4 billion people, and India has 1.1 billion people.  Together they make up about 40% of the world population.  The U.S. and Europe together total about 700 million people or about 12% of the world population.

<> Both China and India would like to do infrastructure development and the current decline in the price of world commodities will allow them to use the trillions of U.S. dollars that they have set aside for just such purposes.  China has said that they will spend $250 billion for each of the next two years on repairing the damage of the huge earthquake of 2008.  In addition, China announced some time ago a $13 trillion dollar plan to upgrade their railroads, plus $ trillions more on other huge plans for dams, roads, airports and many other infrastructure programs.

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