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No one is saying you can't make money in China anymore, only that the data coming out of China is really bad considering their huge growth over the past 20 year

No one is saying you can't make money in China anymore, only that the data coming out of China is really bad considering their huge growth over the past 20 years. They have a growth target between 6.5% and 7%, in the U.S. we would kill for that...but in China that is very much subpar.

dragonbonheur 11y ago
US citizens getting worried about China's finances and growth are akin to peasants getting worried about the finances of noblemen. Right now the US Congress is seriously considering giving corporations a "tax forgiveness" to the tune of $400 billion. When US citizens are abroad, they have to pay US taxes even if they haven't set foot on US territory for years. That rule doesn't apply to corporations. Do you find that fair? The establishment media continually fools US citizens by giving them distractions such as: "China is crashing!!!" - "Chinese growth is going down!!!" - "Corruption in China rampant!!!" - "China preparing for WAR!!!" Easy distractions like these have only one purpose: to distract US citizens from noticing that they are being defrauded by everyone they put in charge to run their country. It's as simple as that.
wrong_variable 11y ago
I agree with you - its irrelevant to the discussion at hand. What I am merrily pointing out is that as china moves from a export oriented country into a service based economy, Reducing its import/export is a target . Since their own leadership wants china to transition to a "new normal". China has a huge cannon ( in terms of controlling a vast amount of humanity's capable hands ). It seems now instead of using it to awash the world with manufactured good they are refocusing it on services. Measuring output from services is extremely hard - since its investment in human capital, rather than physical goods. The point I am trying to make is that this is a good thing. It means their is going to be investment in law,education,fiance,software,intellectual property,health-care ... This will give breathing room for other developing countries to take up china's slack and allow china to innovate in the place where it really helps humanity move forward. We all want cheaper healthcare and cheaper education. TL:DR good news !
- partiallypro 11y ago
  It's good news in the longer run (more than 2 years,) in the short run it can cause serious problems for global markets are they adjust to the new environment. The big time bomb from this is the debt market taken on by commodity based companies which could infect investment grade bonds.
- TheLogothete 11y ago
  >It seems now instead of using it to awash the world with manufactured good they are refocusing it on services. Yeah, that's easier said than done.

dragonbonheur 11y ago

US citizens getting worried about China's finances and growth are akin to peasants getting worried about the finances of noblemen. Right now the US Congress is seriously considering giving corporations a "tax forgiveness" to the tune of $400 billion. When US citizens are abroad, they have to pay US taxes even if they haven't set foot on US territory for years. That rule doesn't apply to corporations. Do you find that fair? The establishment media continually fools US citizens by giving them distractions such as: "China is crashing!!!" - "Chinese growth is going down!!!" - "Corruption in China rampant!!!" - "China preparing for WAR!!!" Easy distractions like these have only one purpose: to distract US citizens from noticing that they are being defrauded by everyone they put in charge to run their country. It's as simple as that.

wrong_variable 11y ago

I agree with you - its irrelevant to the discussion at hand. What I am merrily pointing out is that as china moves from a export oriented country into a service based economy, Reducing its import/export is a target . Since their own leadership wants china to transition to a "new normal". China has a huge cannon ( in terms of controlling a vast amount of humanity's capable hands ). It seems now instead of using it to awash the world with manufactured good they are refocusing it on services. Measuring output from services is extremely hard - since its investment in human capital, rather than physical goods. The point I am trying to make is that this is a good thing. It means their is going to be investment in law,education,fiance,software,intellectual property,health-care ... This will give breathing room for other developing countries to take up china's slack and allow china to innovate in the place where it really helps humanity move forward. We all want cheaper healthcare and cheaper education. TL:DR good news !

partiallypro 11y ago
It's good news in the longer run (more than 2 years,) in the short run it can cause serious problems for global markets are they adjust to the new environment. The big time bomb from this is the debt market taken on by commodity based companies which could infect investment grade bonds.
TheLogothete 11y ago
>It seems now instead of using it to awash the world with manufactured good they are refocusing it on services. Yeah, that's easier said than done.