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| Topic: China's Economy... taking a hit! | |
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Chinese Developers Pull Back as Property Downturn Hits Economy
finance.yahoo.com/news/chinese-developers-pull-back-property-downturn-hits-economy-210416240--sector.html |
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Edited by
Conrad_73
on
Sat 05/10/14 03:11 AM
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http://bastiat.mises.org/2014/05/chinas-infrastructure-bubble-looks-to-expand-abroad/
China Plans Railroad to Seattle, and More By Ryan McMaken Friday, May 9th, 2014 The Chinese government is desperate to keep its bubble economy going, and one way it's doing that is by spending on massive infrastructure projects. The China Bubble, built on huge construction projects such as subways, skyscrapers, highways, and housing, continues to astound with the sheer numbers involved, from the height of the skyscrapers to the miles of track laid....................... |
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Edited by
Sojourning_Soul
on
Sat 05/10/14 05:55 AM
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...smiling, as they sit on a mountain of gold and the worlds petro dollar economy goes down in flames They're waiting and hoping for THAT to happen! It's never a bad thing to be losing the games played when you're the only sane person in a room full of idiots |
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...smiling, as they sit on a mountain of gold and the worlds petro dollar economy goes down in flames They're waiting and hoping for THAT to happen! It's never a bad thing to be losing the games played when you're the only sane person in a room full of idiots yep,Gold is extremely tasty deepfried! 
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Yeah, just imagine those idiot Chinese taking all this worthless fiat currency for almost worthless Chinese trash and using it to trade for the most expensive and sought after real property this country has to offer. I mean they own a substantial portfolio of Wall Street and California property not to mention great tracks of raw land with mineral rights in nearly every state.
Couple this with their vast mineral holdings around the globe and yeah, the poor Chinese and their downturn. One World Order, yeah but not as the bankers envisioned it but as the Chinese has made it. I hope everybody is brushing up on their Chinese. Of course being a free man, I know the most important words, how to say f--- you in Mandarin, live free or die, there can be no other. |
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President Tells China to GET USED to Slower Growth
news.yahoo.com/president-tells-china-used-slower-growth-015648078--finance.html BEIJING (AP) — China's president has told the country to get used to slower growth, damping expectations of a new stimulus. President Xi Jinping's weekend comments come amid weakening trade and manufacturing. Economic growth slowed in the latest quarter to 7.4 percent after last year's full-year expansion of 7.7 percent tied 2012 for the weakest performance since 1999. "We must boost our confidence, adapt to the new normal condition based on the characteristics of China's economic growth in the current phase and stay cool-minded," Xi said, according to the official Xinhua News Agency. The ruling Communist Party is trying to steer the economy to self-sustaining growth based on domestic consumption instead of trade and investment. Other leaders have ruled out more stimulus, but unexpectedly weak demand for Chinese exports has forced Beijing to backtrack and launch mini-stimulus efforts last year and in March. Official plans call for annual trade growth of 7.5 percent but so far this year total imports and exports are down by 0.5 percent. Analysts say the ruling party appears willing to accept economic growth below its 7.5 percent target this year so long as the rate of creation of new jobs stays high enough to avoid political tensions. Speaking during a visit to the central province of Henan, Xi said Saturday the government will focus on longer-term reforms aimed at stabilizing growth. China needs to prevent risks and "take timely countermeasures to reduce potential negative effects," Xi said. He said Beijing will focus on longer-term reforms aimed at stabilizing growth. "This is the clearest sign I have seen that a broad-base monetary stimulus to elevate that current slowdown will not eventuate," said Evan Lucas of IG Markets in a report. 
America needs to bring back our jobs! Or are we tied to the task master's hand and dancing to his strings for fear of the consequences that having them cut might bring? """The ruling Communist Party is trying to steer the economy to self-sustaining growth based on domestic consumption instead of trade and investment.""" We should take lessons. 
Just saying... |
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U.S. Is No. 1, China Is So Yesterday
www.bloombergview.com/articles/2014-05-12/u-s-is-no-1-china-is-so-yesterday?cmpid=yhoo |
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China will Manage Property Downturn at Local Level
finance.yahoo.com/photos/china-will-manage-property-downturn-at-local-level-1400504411-slideshow/ |
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