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To respond to your links, one by one... * 1-2% GDP Growth that you cited is the opinion of one woman who makes a living selling opinions on the Chinese economy
by x2398dh1 11y ago
To respond to your links, one by one...
* 1-2% GDP Growth that you cited is the opinion of one woman who makes a living selling opinions on the Chinese economy, it is anecdotal.
* The article you posted states that central government GDP/Debt ratio is 64%, whereas local debt is 280% - so relative to the United States, with a total debt ratio of 332% China is still "flush with cash," in a sense and could stimulate out the 280% ratio, as the very article you cited notes.
* Regards to Banks/Commodity firms - they are state owned, they could be privatized and this would improve efficiency.
* You need to read the articles you post - there are $1Trillion in Foreign Reserves left to help the Yuan glide down slowly against a foreign basket of currencies, out of a total $4Trillion in foreign reserves. The US has $0.4T by the way, far less (this includes gold).
* Epoch times is not a reliable source. They are just 100% anti-China, that is their reason for existing.
* Manufacturing moves in and out of countries all the time, the net value of production in China is going up.
* China does not require global consumer brands, it has 1.5 Billion people. China is flush with cash and can spend its way out of all of those issues.
* No, we don't get the idea. You posted a bunch of links with very brief headlines on each. You didn't read many of the links you posted. Your post is a non-coherent shotgun approach.
The major issue facing China is the fact that it fundamentally a one-party controlled communist command-economy, and it has pegged its way into that political path, without a clear way to get its way out. They attempted to go the democracy route for a bit in the 80s, but things out out of hand and Tiananmen Square Massacre occurred, effectively erasing the Chinese political consciousness. Now they are kind of floating in this world where no one really cares about politics, they just care about making money and hope the government is nice to them. This is the defining challenge of China in the 21st Century.
The economy will go up and down but overall continue to grow over the next 20-30 years because they can buy their way out of whatever depression they need to. Things will probably get less polluted over time. If you look at the Shanghai composite, this has always been unstable and volatile and has had much worse crashes in recent memory. So every time the China stock market crashes, people come online and think they can become instant Sinologists and Peking Toms by posting a flurry of links. It doesn't mean anything --- it's a sputtering of irreverent neckbeardiness which does not further hacker news' understanding of the situation and actually makes people dumber for having read it, a la Billy Madison.