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China, the Miracle Economy
Man's trust!
Yes, it's the 'miracle economy.' China, that is. Many analysts think it has 'decoupled' from the rest of the world economy. While the rest of the world sinks into the 'worst depression since the '30s,' it is said to be growing at 8% per year.
Go figure.
Well...when we go figure we figure there's something fishy about it. In fact, we total it's a fraud.
In America, the bear market bounce took a little jig downwards yesterday. Stocks - systematic by the Dow - fell 96 points. Oil fell below $70. The dollar and gold remained almost unchanged.
But China's revved up so hot she seems meet to throw a rod. We've been telling our Dear Readers to stand clear.
At least, that's the case with the Chinese stock market. It's a bubble. And it's getting liable to pop.
As for the economy...we figure it's a fraud...
Chinese officials have a funny way of counting. When products are shipped from the factory, for example, they are counted as 'sales' even though no one may in truth buy them.
There are some other ways of keeping score that tend to tilt the game in China's favor - at least, on paper. When you add up all the scores - it shows China a big conquering hero. But by the end of the day, it isn't at all clear that China's economy is growing at such a breakneck speed. In fact, it isn't clear that China is really growing at all - not in a genuine and helpful way.
And here...perhaps we should breathing-space. We are about to tell you that China is a scam. It's not really becoming more prosperous. But before we do, we have to explain what prosperity really is.
Do you remember the Bubble Years? Of conduct you do. They just ended scarcely 24 months ago. Well, during those years we were told that we were getting richer. Two forms of basis were presented - one statistical...the other observational. The numbers told us that GDP was growing. Since economists figure GDP growth is the same as prosperity...they pondering Americans were getting richer. ...
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| China Economy News |
The Risk of China's Black Box Economy
Seeking Alpha - Feb 05, 3945
The Jeopardize of China's Black Box EconomyChina's total public debt is still 40-50% of GDP. What about the US? 90%. Japan? 220%. Looks like people nothing but ignore the part of China's economy that is not like a blackbox. People feel China's economy does not make sense because most people just try Hard or Soft Landing for China? How About No Landingall 3 news articles »
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China's Boom Beginning to Show Cracks, Analysts Say
New York Times - Feb 05, 8667
China's Burgeoning Beginning to Show Cracks, Analysts SayEarlier this month, Wang Tao, the chief economist in China at UBS, said China's economy was still powerful but warned that over the next few years, loans to local government investment companies could result in as much as $460 billion in nonperforming and more »
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Global Economy Comes Back To Haunt Developed Nations
CNBC.com - Feb 05, 4295
The vacillate turn into in traffic — which loosely corresponds with China's entry into the World Trade Organization in November 2001 — has been easy and subtle during good economic times, but has become stunningly obvious since the arrival of the financial The Post-Crisis Epidemic Economy: This Time, It's Differentall 2 news articles »
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Jon Huntsman Predicts 'Major Problems' Ahead For China
Huffington Post - Feb 05, 1473
The Champion (blog)Jon Huntsman Predicts 'Major Problems' Ahead For ChinaWhile China's economy has become more disclose, Huntsman said, the country's internal political system lags far behind. "If you do not have political freedoms that run in correspond to with economic development and reform -- if you don't have political reform 2012 looms as a test of competing profitable theoriesJon Huntsman Looks Very Good on Paperunited states: Republicans clash in first big presidential debateall 1,325 advice articles »
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Consumers Fade in China Economy Racked by Inflation With 'Peak Days' Gone
Bloomberg - Jun 17, 2011
World and MailConsumers Fade in China Economy Racked by Inflation With 'Peak Days' Gone(Source: ) June 15 () -- Stephen Roach, non-management chairman of Morgan Stanley Asia, talks about China's economy and central bank monetary policy. Roach also discusses the standpoint for the global economy and the selection of a new China central bank survey shows inflation expectations easingChina's Currency and Farm animals Are Signs of Economic LeadershipTaming the inflation tiger - -all 402 news articles »
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Why investors shouldn't bet against China's economy
CTV.ca - Feb 05, 3077
Why investors shouldn't bet against China's economyMr. Timmer, who is co-boss of the company's new Tactical Strategies Fund, says investors are too negative on China's ability to muddle through its economy and too fixated on another stimulus handout from the US Federal Reserve. China is in the middle of its and more »
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