China crashing?
- Thread starter kroko
- Start date
Only in the ultimate perverted fantasies of the most ardent neo-con, now stop worrying yourself about it:rofl:
vesicles
Colonel
The economists have been predicting the crash of the Chinese economy since early 2000's. I haven't seen it crash yet. All the predictions come from the existing economic models, but what China is doing is so much different from any economic model that we have today.
Plus, I don't quite understand what they mean by "overcapacity". China still have a large population that is still poor and this means China still has huge potential. I think the Chinese govn't understands this too and that's why they want to shift their economy to a domestic consumption oriented one. This will solve any "overcapacity" problem, IMO.
AssassinsMace
Lieutenant General
Stuff we've haven't heard before. Especially the vacancy angle. Heard that said years ago. In the US they don't build new buildings without knowing there will be a certain percentage of tenants occupying space. In China they build the building regardless. So naturally there's going to be a higher vacany rate. I just read a story about how there's a 50% vacancy in buildings in the US's high-tech capital Silicon Valley. And some of the newest buildings are standing completely empty because its cheaper to maintain than just having a few tenants or lowering the rates on the leases.
Look at all that crap recently about how China was going to collapse over the vast high speed rail network being built that the majority of the population can't afford. And now you see their contradicting articles about how Chinese airlines can't compete with high speed rail now.
And look at how not too long ago they were praising China's stimulus package as getting it right more than the US package. Now all the specific items, i.e. rail road spending that was right on the mark before are now being called "reckless" spending.
I wouldn't be surprised China's economic moves actually says something of the West more than China. Before the Western financial collapse, China's stock market was cut in half and the government was reigning in the economy and they were saying the same things about China then too before their crisis.
They said their economic model was so superior that it regulated itself. Look at what happened. If that happened anywhere else, that would be called corruption in the highest order. This is more about them in denial seeing superior Western economies defaulting left and right. If they're failing, China has to fail more.
The New York Times is again being accused of plagiarism committed by one of its journalists. It says something that again and again some journalist is being accused of stealing from other writers because all they do is read what others write and not do the work themselves. Same with all this reporting on China collapsing. It really just started by one writer and the lemmings follow and all they do is repeat the same thing over and over.
Look at all that crap recently about how China was going to collapse over the vast high speed rail network being built that the majority of the population can't afford. And now you see their contradicting articles about how Chinese airlines can't compete with high speed rail now.
And look at how not too long ago they were praising China's stimulus package as getting it right more than the US package. Now all the specific items, i.e. rail road spending that was right on the mark before are now being called "reckless" spending.
I wouldn't be surprised China's economic moves actually says something of the West more than China. Before the Western financial collapse, China's stock market was cut in half and the government was reigning in the economy and they were saying the same things about China then too before their crisis.
They said their economic model was so superior that it regulated itself. Look at what happened. If that happened anywhere else, that would be called corruption in the highest order. This is more about them in denial seeing superior Western economies defaulting left and right. If they're failing, China has to fail more.
The New York Times is again being accused of plagiarism committed by one of its journalists. It says something that again and again some journalist is being accused of stealing from other writers because all they do is read what others write and not do the work themselves. Same with all this reporting on China collapsing. It really just started by one writer and the lemmings follow and all they do is repeat the same thing over and over.
Last edited:
Economists (particularly western ones) are so often hard-on about their economic models that they treat them almost on a dogmatic religious level, even though any science demands empirical observation first before making any hypothesis.
Don't fall into media brainwashing and propaganda. Economist predicted and supported that if the US economy was to every collaspe or melt down China will be hit the hardest. Cause China relied more on US then US did on China. Yet look how it turned out the opposite, Australia media even states that they are relying on China to keep them afloat buy purchasing their raw materials.
Last edited:
solarz
Brigadier
Not to mention that economics is hardly a science in the first place.
bladerunner
Banned Idiot
Putting that in its true context, Yes indeed, Australia is reliant upon China for buying its raw materials, to support an economic lifestyle we have become used to.However the recent rejection of the Rio tinto deal by public presure reveals a deeping Australian conern of too much reliance on China or trade at any cost.
We've had to deal with a downtown in demand from Japan in the previous 2 decades so I guess we could cope, helped by the fact that Australia was not deeply exposed to the toxic investments.
THere are also other options, In time countries such as India will increase their demand for Australian minerals.
Last edited: