10-15 years 5% growth....wait until the next deep worldwide recession, china will be lucky to show gdp growth of more than 4%
Pension funds in China now allowed to invest....this is out of control
- Thread starter S2007S
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10-15 years 5% growth....wait until the next deep worldwide recession, china will be lucky to show gdp growth of more than 4%
...>5% Which I pointed out now for the third time...and if US's real unemployment rate was below 10% I would be shocked. Any other incredible things?
Again wrong. China has come out of the 2008 financial crisis completely unscathed with way higher than 5% growth rates throughout the entire crisis. The transformation to a domestic demand based economy has just begun. We can argue about many thing but you won't find a single professional economist who would dare to question the 5% mark for China in the next 10-15 years
COMPLETELY UNSCATHED hahahaha, are you serious? Did you do any homework, did you not witness what China did to their financial markets back in 2008 during the crisis?????
Well here is a little bit of info, they injected $666 BILLION DOLLARS into their markets to prop up their economy...that was just the start....so how can you say they came out of the 2008 financial crisis completely unscathed???? They injected nearly 3/4 of a TRILLION DOLLARS into their economy during that time....
do some research before you start writing your posts....
Oh and here is more news about China continuing to prop up their markets, so far this year alone the government has spent $200,000,000,000 to prop up their markets and thats just in the last 2 months, if markets start to collapse I wouldn't doubt in the next year if they put upwards of $1 Trillion .......cant wait to see what the fed does here in the US to prop up the indexes, more QE 4????
Chinese firms increase support for stock market
Evelyn Cheng | @chengevelyn
44 Mins Ago
Major Chinese brokerages stepped up their contributions to support the stock market Tuesday, according to filings on the Shanghai Stock Exchange website.
The new allocations from the firms, many state-owned, come amid increasing pressure for the government to prop up the collapsing stock market. The Shanghai composite is now in a bear market but was touted earlier this year as a high-return investment.
As of 9 p.m. Beijing time Tuesday (9 a.m. ET), 16 publicly listed Chinese brokerages had added to equity allocations, according to Chinese financial data firm Wind Information.
Topping the list, Guotai Junan Securities said in a statement posted on the exchange website that its board approved an increase in equity investment to 20 percent of net assets (based on July 31 holdings), up from 15 percent (based on June 30 holdings) previously.
Guotai Junan has a market cap of about 150 billion yuan ($23.5 billion) according to Wind. For context, Goldman Sachs has a market cap of $79.1 billion.
Another major investment bank, CITIC Securities (market cap 177.3 billion yuan) added another 5.4 billion yuan, for a total of 21.1 billion yuan in investment, the company said in a document posted on the Shanghai exchange website.
Read MoreIn China's 'fixed' market, rule breakers probed
The Shanghai composite closed down 1.2 percent Tuesday, off nearly 40 percent from its June peak and down 2.1 percent for the year so far.
The Obama administration Tuesday urged China to explain policy changes and shift its economic focus toward consumer spending as the growth engine.
"Critical to China's success is moving forward with market-oriented reforms while at the same time carefully communicating policy intentions and actions to financial markets," a senior Treasury official told Reuters in a briefing ahead of a meeting of the Group of 20 major economies.
The Financial Times reported Monday that the Chinese government decided to shift away from fund injections and instead investigate and punish individuals for market "destabilizing." The government has already spent about $200 billion in the last two months to support the stock market, the FT reported.
Read MoreChina's problems are political, not economic
Late Monday, financial regulators issued a joint statement that encouraged firms to merge, offer cash dividends and buy back shares to support the market.
Chinese firms increase support for stock market
Evelyn Cheng | @chengevelyn
44 Mins Ago
Major Chinese brokerages stepped up their contributions to support the stock market Tuesday, according to filings on the Shanghai Stock Exchange website.
The new allocations from the firms, many state-owned, come amid increasing pressure for the government to prop up the collapsing stock market. The Shanghai composite is now in a bear market but was touted earlier this year as a high-return investment.
As of 9 p.m. Beijing time Tuesday (9 a.m. ET), 16 publicly listed Chinese brokerages had added to equity allocations, according to Chinese financial data firm Wind Information.
Topping the list, Guotai Junan Securities said in a statement posted on the exchange website that its board approved an increase in equity investment to 20 percent of net assets (based on July 31 holdings), up from 15 percent (based on June 30 holdings) previously.
Guotai Junan has a market cap of about 150 billion yuan ($23.5 billion) according to Wind. For context, Goldman Sachs has a market cap of $79.1 billion.
Another major investment bank, CITIC Securities (market cap 177.3 billion yuan) added another 5.4 billion yuan, for a total of 21.1 billion yuan in investment, the company said in a document posted on the Shanghai exchange website.
Read MoreIn China's 'fixed' market, rule breakers probed
The Shanghai composite closed down 1.2 percent Tuesday, off nearly 40 percent from its June peak and down 2.1 percent for the year so far.
The Obama administration Tuesday urged China to explain policy changes and shift its economic focus toward consumer spending as the growth engine.
"Critical to China's success is moving forward with market-oriented reforms while at the same time carefully communicating policy intentions and actions to financial markets," a senior Treasury official told Reuters in a briefing ahead of a meeting of the Group of 20 major economies.
The Financial Times reported Monday that the Chinese government decided to shift away from fund injections and instead investigate and punish individuals for market "destabilizing." The government has already spent about $200 billion in the last two months to support the stock market, the FT reported.
Read MoreChina's problems are political, not economic
Late Monday, financial regulators issued a joint statement that encouraged firms to merge, offer cash dividends and buy back shares to support the market.
Maybe that comes as a surprise to you but thanks to you and your wall mart addicted countrymen China has been running trade balance surpluses for the past 15-20 years now. Your numbers are more ore less peanuts for them. China has more or less perfectly weathered the storm during 2008 while the US boat almost sunk.
Bro , let's shave a few tens of percent off China's officially reported numbers. Let's agree they cook their books to some degree (like the US so masterfully does as well). And still after all is said and done it is a foregone conclusion that they will take over the US in terms of productive power at some point. It is a pure matter of time. it's preposterous to look at couple empty malls and claim China's growth numbers are all fake.
Bro , let's shave a few tens of percent off China's officially reported numbers. Let's agree they cook their books to some degree (like the US so masterfully does as well). And still after all is said and done it is a foregone conclusion that they will take over the US in terms of productive power at some point. It is a pure matter of time. it's preposterous to look at couple empty malls and claim China's growth numbers are all fake.
So what? Your numbers are play money for China. Goodness. Do you know how much trade money surplus they generated in aggregate over the past 10 years? And so what they prop up their market? Are you suggesting all Growth in China is fake? Then you obviously have never lived or set foot into this region.
You're not calling volpunter a "pro," are you?
The depth of the error in Vols analysis seems impossible considering his status and intelligence.
Who knew the capital flight, equity meltdown , FX burn rate, SHiBOR vol and a number of other carefully managed numbers all flashing caution at the time of his analysis could be so naively interpretted. Yes, I thought he was a pro as well but had my own bias on this situation.
Good thing.