broadsword
Brigadier
I remember in the discussion, it was found that the survey was weighted heavily on Vietnam. So you can figure.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
I remember in the discussion, it was found that the survey was weighted heavily on Vietnam. So you can figure.
@KYli Bro its funny when analyzing the Chinese economy the American economist had different standard in comparison with the US, here are some glaring example of bias reporting.
On the contrary, Kirkegaard said that China’s voracious consumption of raw materials has been predicated on a debt-fueled economic growth model. “Commodity demand… has traditionally been associated with a growth model in China that’s very intensive on investment,” he said. “And this has been a growth model that also has led to a very high level of debt.”
Isn't the US following this model and are more debt ridden, so its okay for the US to accumulate more debt but not the Chinese. and the voracious consumption of raw material is a sign that Chinese export is back to normal and is expanding!
Diminishing returns on investment, increased corporate leverage and high government debt means that Beijing will be hard-pressed to sustain the status quo for much longer, Kirkegaard said. “The rebound in China’s growth is very much driven by infrastructure investments — not by consumption — and in my opinion, it’s driving imbalances in the Chinese economy,” he said.
Its a reflective of what the American are doing and planning to do especially on Biden infrastructure spending and a question should be ask isn't Corporate America stock overvalued and had a lot of corporate debt and they can't see the danger burgeoning there?
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Digital yuan...
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AssassinsMace
Lieutenant General
See... everything in the US cost more to do. The only way they could decouple from China is for the US and anyone who chooses to follow to isolate themselves from the rest of the world but they can't do that either because the US doesn't have every resource that would be needed to survive in isolation. Like all utopias, they're impossible to achieve.
Honestly if not for the whole China strategic competition with the US, it would be a great time to finally burst these financial bubbles. There is a lot of debt from the GFC in 2008 and then even more by the explosive stimulus deployed by China.
Then there is all this debt from the "shadow" banking system. Then there is debt from the fin-tech companies where lots of money went to teenagers to buy iphones etc.
There is also a crazy debt from real estate.
honestly it is a mess. A big and swift burst off all these bubbles would liberate the Chinese economy to grow explosively in the coming years. It also wouldnt work politically, I doubt the CPC would like to see these bubbles burst though, we have already seen how they reacted on the stock crush in 2015
China mask manufacturer should help and raise their price to the US.
Why are you quoting an australian source which you know is unreliable and biased against China? Bubbles of all kinds are under control and have been deflating rapidly. Even real estate prices are under control, with the crackdown on Wanda, HNA group and Guangzhou Evergrande. Fintech bubbles are under control with the crackdown on Alibaba and Ant Financial. It is Japan, Europe and the US bubbles that are still uncontrollable.
The western MSM keeps harping on about others people's debt problems , particularly China's.
What they should do is take a look at their own debt problems first.