China Thread

#501
#501
Does an economy explode or does it implode?

Honestly, this is a legitimate question. I'm of the mind it implodes, but perhaps it does a combination of the two, well, figuratively exploding at least.
 
#503
#503
AwpkmUgCQAAAaRo.jpg


not sure if this is real. but seems to make a fair point.
 
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#507
#507
So China has admitted that they are dumping their reserves...

Again, someone explain to me how a country with no external debt and purging reserves is in worse shape and the source of all things evil as compared to a country with $18 trillion in debt and zero reserves?

You sheep will have to wrap your minds around the truth ones day... it better not be too late...
 
#508
#508
Rasputin_Vol said:
So China has admitted that they are dumping their reserves...

Again, someone explain to me how a country with no external debt and purging reserves is in worse shape and the source of all things evil as compared to a country with $18 trillion in debt and zero reserves?

You sheep will have to wrap your minds around the truth ones day... it better not be too late...
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Source of all things evil? Unlike you, I have defined the "evils" of china, most of them internal. No one here is claiming china is the source of all evil, we call it as we see it. Every country has problems and I thought China's worthy of a thread. China is an unknown quantity. And it's pretty clear that are just as self serving as any other country.

Velo please quote this so head in the sand can see this. I think prof is also on his black list or I would ask him.
 
#511
#511
LouderVol said:
Source of all things evil? Unlike you, I have defined the "evils" of china, most of them internal. No one here is claiming china is the source of all evil, we call it as we see it. Every country has problems and I thought China's worthy of a thread. China is an unknown quantity. And it's pretty clear that are just as self serving as any other country.

Velo please quote this so head in the sand can see this. I think prof is also on his black list or I would ask him.
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Can't we all just get along?
 
#517
#517
Rasputin_Vol said:
We need to stop blaming China for the Wall St. melt down. Jack Lew even agrees with me on that.
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what the what? as admittedly the most anti-Chinese person here (not the race but the government) this still makes no sense to me. except for linking a large Chinese economic failure (total economy not just their Wallstreet) no one has linked them to our current "issues", aka Wall Street doing its thing. please keep making up issues so that you have a talking point against the US. now is there some idiot on Fox blaming China, there might be idk. but no one in this thread is pushing that.

velo, if you please, quote this.
 
#518
#518
LouderVol said:
what the what? as admittedly the most anti-Chinese person here (not the race but the government) this still makes no sense to me. except for linking a large Chinese economic failure (total economy not just their Wallstreet) no one has linked them to our current "issues", aka Wall Street doing its thing. please keep making up issues so that you have a talking point against the US. now is there some idiot on Fox blaming China, there might be idk. but no one in this thread is pushing that.
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Not just someone on FoxNews, but some presidential candidates. That means everyone, apparently.
 
#519
#519
Velo Vol said:
Not just someone on FoxNews, but some presidential candidates. That means everyone, apparently.
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Please, lets not behave as though we haven't seen the mainstream media pushing the blame on China. And maybe not in this thread, but I know a few people in the "stock market was up today" thread were blaming China, also.

Relax, folks.
 
#520
#520
Rasputin_Vol said:
Please, lets not behave as though we haven't seen the mainstream media pushing the blame on China. And maybe not in this thread, but I know a few people in the "stock market was up today" thread were blaming China, also.

Relax, folks.
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That's just the normal daily buzz of financial market commentary. Markets up, markets down--there's got to be some explanation, whether it's the real reason or not.
 
#524
#524
So much for China and their strong manufacturing economy. For the millionth time, let's stop worrying about what types of jobs we have and let the market determine them.

Not sure if this has been shared, but it's so funny to look at the nonsense Friedman spewed and both sides lapped up:

China’s leaders understand that in a world of exploding populations and rising emerging-market middle classes, demand for clean power and energy efficiency is going to soar. Beijing wants to make sure that it owns that industry and is ordering the policies to do that, including boosting gasoline prices, from the top down.

China is doing moon shots. Yes, that’s plural. When I say “moon shots” I mean big, multibillion-dollar, 25-year-horizon, game-changing investments. China has at least four going now: one is building a network of ultramodern airports; another is building a web of high-speed trains connecting major cities; a third is in bioscience, where the Beijing Genomics Institute this year ordered 128 DNA sequencers — from America — giving China the largest number in the world in one institute to launch its own stem cell/genetic engineering industry; and, finally, Beijing just announced that it was providing $15 billion in seed money for the country’s leading auto and battery companies to create an electric car industry, starting in 20 pilot cities. In essence, China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars.
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Just read the whole article. It's not much longer than this and all of it is good.

Enlightened Chinese Industrial Planning Will Crush U.S. Free Markets, Said Pundits: Maybe Not - Hit & Run : Reason.com
 
#525
#525
China is going thru a transitional period which is making their economic numbers look bad. Previously the export numbers were the main indicator but now thousands of factories have converted to the production of domestic consumption products because it is more profitable. The ripple effect of this, example they no longer need tho purchase US dollars on the black market by the trillions and many other similar transactions, skews the historical numbers and looks like a downturn. It does not show up in their domestic economic numbers because most of that is unreported cash business. They are not in trouble and actually a huge middle class is emerging. They will be an importing nation similar to Japan in 10 years.
 
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