SurinBum Posted August 1, 2009 Report Share Posted August 1, 2009 What is happening to the currently stagnent and seemingly vulnerable economic dragon? http://www.asiasentinel.com/index.php?option=com_content&task=view&id=1986&Itemid=422 Link to comment Share on other sites More sharing options...
Old Hippie Posted August 2, 2009 Report Share Posted August 2, 2009 China is capable of covering up a lot more than we suspect. Link to comment Share on other sites More sharing options...
SurinBum Posted August 2, 2009 Author Report Share Posted August 2, 2009 China is capable of covering up a lot more than we suspect. Probably true. Link to comment Share on other sites More sharing options...
shygye Posted August 2, 2009 Report Share Posted August 2, 2009 China has been lying about its GNP. The GNP was tracking with electric power demand. Then the worldwide recession hit and China's electric demand stagnated. However China keeps reporting big GNP growth! The TAT has reported a 40% drop in Chinese tourists. How can this be if China's GNP is growing? I could see tourist numbers flattening due to slower growth, but a huge drop indicates a big decrease in incomes. Link to comment Share on other sites More sharing options...
Faustian Posted August 2, 2009 Report Share Posted August 2, 2009 One of the current phenomena I think driving the "recovery" in manufacturing is simply natural replenishment of stock. Inventories were very high, many companies put new products on hold, in order to clear inventories. They slowly cleared...now we enter new product cycles and demand appears to go up, but it seems the rise in manufacturing and demand is still weak and I'm not sure if demand is sustainable. Unemployment is still rocketing upwards, sure the rate is slowing, but it was always going to. I read that the USA economic shrinkage slowed to a mere 1% last quarter and growth is predicted soon. So this article predicts the demise of China's economy soon, with global demand seemingly returning and signs of recovery all about. Things that would in fact suggest China will be just fine. This author obviously knows things others can't predict. Who to believe these days? I will never forget all the "experts" before and during the crash minimising and out and out lying, trying to pull a fast one...here we have another telling us something. Bored with this shit. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted August 2, 2009 Report Share Posted August 2, 2009 Does this mean China's economy is in the toilet like the USA economy is? Link to comment Share on other sites More sharing options...
Old Hippie Posted August 2, 2009 Report Share Posted August 2, 2009 Well, isn't China's economy very much dependent on the U.S. Economy? Link to comment Share on other sites More sharing options...
SurinBum Posted August 2, 2009 Author Report Share Posted August 2, 2009 Well, isn't China's economy very much dependent on the U.S. Economy? Dependent perhaps. Only because they own it - lock, stock, and barrell. Quite contradictory, yes? Completely underwrite and maintain the defacto American economy just on the basis of mindless consumption so as they don't fail.... Link to comment Share on other sites More sharing options...
SurinBum Posted August 2, 2009 Author Report Share Posted August 2, 2009 Some coupla months, hearing obscure stories here and there about China's big push towards worldwide investment. They've been throwing billions of yuan in such projects all over.... Link to comment Share on other sites More sharing options...
ThaiHome Posted August 3, 2009 Report Share Posted August 3, 2009 Most of China’s foreign investment has been directed towards insuring the basic commodities it needs are obtained at stable prices. That is why Australia has been such a target for it. Th Link to comment Share on other sites More sharing options...
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