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**Xzmwskxn** · 03-29-2009, 04:29 PM

Shanghai will eclipse London as the world's No. 2 financial center within 25 years (if not sooner). Like NY, it is the financial center of an enormous economy. Moreover, it will become so huge and sophisticated that it likely will become dominant in all of Asia. (Some will try to compare the EU to the US, but the EU is not a country, and it's not even cohesive with respect to economic policy. Moreover, the Continent's suspicion of the Anglo-American model will benefit other regional financial centers like Frankfurt and Paris to London's detriment.)

With respect to the UK, I'm afraid that unless the government comes up with a plan, it will be reduced to a regional financial center like Frankfurt that also relies on tourism and film-making. I'd like to see Cameron offer proposals for the future.

03-29-2009, 04:29 PM	#9
Xzmwskxn Join Date Oct 2005 Posts 478 Senior Member	Shanghai will eclipse London as the world's No. 2 financial center within 25 years (if not sooner). Like NY, it is the financial center of an enormous economy. Moreover, it will become so huge and sophisticated that it likely will become dominant in all of Asia. (Some will try to compare the EU to the US, but the EU is not a country, and it's not even cohesive with respect to economic policy. Moreover, the Continent's suspicion of the Anglo-American model will benefit other regional financial centers like Frankfurt and Paris to London's detriment.) With respect to the UK, I'm afraid that unless the government comes up with a plan, it will be reduced to a regional financial center like Frankfurt that also relies on tourism and film-making. I'd like to see Cameron offer proposals for the future.
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