China in Recession

[Armand2REP]

Lets see, car sales have dropped from 30% annual growth to negative 1.6% for the first four months of the year. Independent interviews show them to be down 20-30%. = Recession

 

[kickok1975]

Lets see, car sales have dropped from 30% annual growth to negative 1.6% for the first four months of the year. Independent interviews show them to be down 20-30%. = Recession

Ok, let's say China is in recession, happy now, Armand2REP?

If China is in recession, then France must be in depression.

 

[Armand2REP]

We know exactly where FRANCE is because economic data is reported ACCURATELY.

 

[kickok1975]

We know exactly where FRANCE is because economic data is reported ACCURATELY.

Your assumption of China in recession is from the same data which is published in China. Looks like the data is accurate or not depend on when you feel it is convenient for you to bash China.

 

[Armand2REP]

Is the HSBC index published in China? It doesn't jive with fake CCP numbers that say it is positive.

 

[kickok1975]

In fact, Armand2REP, I feel you are one of those foreigners who have deep concern on China and constantly monitor China in every move, although mostly in negative way. I know you no longer live in China but to have such a close watch on China is still impressive.

I feel regret your several years China experience didn't change your attitude toward China. I'm not sure it's your personal troubling with China or your nationality conflict. Whatever it is, it's positive for China to have someone constantly criticizing her through a magnifier. After all, a country got one of the most attentions in the world should be treated special, and should remain cautious and vigilant before becoming complacent.

 

[satish007]

In fact, Armand2REP, I feel you are one of those foreigners who have deep concern on China and constantly monitor China in every move, although mostly in negative way.

it is said he had a Chinese wife, may be she hurted him too much.

 

[Blackwater]

dont know about Chinese but pakis will be disappointed and dis hearted on this

 

[no smoking]

In fact, Armand2REP, I feel you are one of those foreigners who have deep concern on China and constantly monitor China in every move, although mostly in negative way. I know you no longer live in China but to have such a close watch on China is still impressive.

You are wrong, Armand2REP is just the one praying day and night that China would fall one day. Based on his knowledge about China, I really doubt he has ever lived in China before even himself claims so.

I feel regret your several years China experience didn't change your attitude toward China. I'm not sure it's your personal troubling with China or your nationality conflict. Whatever it is, it's positive for China to have someone constantly criticizing her through a magnifier. After all, a country got one of the most attentions in the world should be treated special, and should remain cautious and vigilant before becoming complacent.

It is positive to have some Rational criticizing about China. However, the words from Armand are just purely BS when he talks about China. Well, what can you expect from a guy who uses Epoch Time as his informaiton source.

 

[badguy2000]

You are wrong, Armand2REP is just the one praying day and night that China would fall one day. Based on his knowledge about China, I really doubt he has ever lived in China before even himself claims so.



It is positive to have some Rational criticizing about China. However, the words from Armand are just purely BS when he talks about China. Well, what can you expect from a guy who uses Epoch Time as his informaiton source.

well, Armand obvioulsy doesn't know about the credit of Epoch Time and Gordon CHang....


He often quote the two guys.

 

[LETHALFORCE]

This recession will be a depression in 6 months. Just remember Japanese stock market
lost 90% and they did not hold 30% of the worthless USA paper China holds Chinese banks
are using worthless papers as assets remember what happened to USA when banks held
sub prime mortgages that were worthless paper and China does not have a 40 trillion dollar
economy like USA that can bear the blow.

 

[LETHALFORCE]

CHINA DEFLATION AND DEPRESSION

China Goes Down? Thursday, December 01, 2011 by Staff Report - (Courtesy) www.thedailybell.com

China's Real Estate Bubble Bursts – Good or Bad? The latest outlook from the Organization for Economic Co-operation and Development (OECD) says China's real estate market fluctuations are a major threat to its growth next year. China's growth will fall from 9.3% in 2011 to 8.5% in 2012. Along with the decline of the average price for real estate in large and mid-sized cities, some experts believe China's real estate bubble is bursting. ChinaForbiddenNews – Forbidden China

Dominant Social Theme: China's got some problems. But a soft landing is virtually guaranteed. They're a powerhouse, after all, destined to lead the world.

Free-Market Analysis: Given the turmoil in Europe, the mainstream media remains quiet about China to a large extent. We think if the average Joe were asked about China, he might explain that it's the country that is going to lead the way in 21st century. That's what he's heard. That's what he's learned.

But being power-elite meme-watchers, we think this is a kind of elitist gambit. Without the USSR to provide an anti-thesis to the West's thesis, the elite's larger dialogue has been struggling lately.

The great Arab-Christian war (so long in the making) hasn't produced enough tensions and neither Russia nor China has been able to excite fears the way the former Soviet Union did.

The power elite that apparently wants to run the world needs "synthesis" to move the Earth's billions in the appropriate direction. If there is no tension, there is no way to manipulate people. So they are kinda stuck.

And that's why they've shut up about China – which remains on its way out, in our view. The mainstream media is not supposed to mention this, apparently ... or only to talk about a soft landing. But there ain't going to be a soft landing, not in our view.

How can you have a "soft landing" in a country of 1.3 billon people when the economy has been growing supposedly at 12 percent a year for 25 years? China's big cities have occupancy rates of 80, 75 or even 65 percent these days, especially if one looks at commercial projects.

And then there's the build quality. Not only has China built whole empty cities, the ChiComs have apparently built them badly. Airport roofs blow off in strong winds. Trains collide. Highways collapse. Mold creeps over empty downtowns.

Are we exaggerating? Here's the text accompanying the video below, entitled, "China's Real Estate Bubble Bursts – Good or Bad?" Yes, that's just the point! China's real estate bubble has ALREADY burst. It broke in the first half of the year and statistics are now becoming available.

Of course, we don't believe Chinese statistics anyway. But we do believe there was/is a bubble. And if it's popped, watch out!

We once labeled this the "most important story in the world." We still believe it is. China is the third leg of the world's economic stool. The American leg is cracked. The European leg has all but disintegrated. What happens when the Chinese leg shatters? Can you say "world depression"?

 

[amoy]

why not merge all those recession, depression, deflation, inflation, soft landing, hard landing threads into one? There're many of them abt China going on, harping similar themes.

 

[no smoking]

This recession will be a depression in 6 months. Just remember Japanese stock market
lost 90% and they did not hold 30% of the worthless USA paper China holds Chinese banks
are using worthless papers as assets remember what happened to USA when banks held
sub prime mortgages that were worthless paper and China does not have a 40 trillion dollar
economy like USA that can bear the blow.

Just to remind you, the biggiest holder of these USA paper is USA citizens.
And China already signed lots of resources contracts with others countries, which will be paid with fixed US dollar price. So, if US dollar goes down, China is among the last several countries jumping up.

China may not have a 15 trillion dollar economy like USA, but China certainly doesn't have 300million US citizens to answer.

 

[redragon]

Just to remind you, the biggiest holder of these USA paper is USA citizens.
.

China is holding less than 10% of the toilet paper, and US citizens are holding 66% plus of the toilet paper, haha.
I am actally really hoping US gov can declared all paper held by China are what they really are.

 

[CherrywoodHunter]

congratulations to indians: we chinese are in rescission, again!

 

[badguy2000]

congratulations to indians: we chinese are in rescission, again!

when CHina grows 8%+, CHinese worry about recession, that is CHinese criterion.
When India grows 8%, Indians are pleased that India shining. that is Hindustan-criterion.
When France grows 1% ,one Frenchman worrys about CHinese recession. that is French criterion.

 

[linking_park]

He is Indian...not French......

 

[badguy2000]

He is Indian...not French......

I mean MR . Armand.

 

[LTE-TDD]

This news will real dispoint dear Arnand:


Q4 GDP disappointing; don't see improvement ahead: Experts

India's economy grew at an annual rate of 5.3 per cent in the quarter ended March 2012, much lower than expectations of 6.1 per cent projected by a poll of 31 economists. GDP growth for the full year was 6.5 per cent, the slowest pace in three years, and well below the 8.4 per cent last year. The Reserve Bank of India predicted growth of 6.9 per cent.



Growth slowed for seven successive quarters through the three months ended December 2011. The rate of growth in gross domestic product (GDP) was 6.1 per cent in the December quarter.



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