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Subject: China breaks away from recession and also launches worlds fastest train
Le Zookeeper    12/13/2009 1:27:38 PM
news.bbc.co.uk/2/hi/asia-pacific/8406910.stm
 
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Nanheyangrouchuan       12/28/2009 6:34:08 PM
All those new cars purchased, yet no corresponding rise in gasoline sales.
 
Massive industrial output, but only enough increase in power demand for winter heating.
 
And an unverified test track run.
 
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Le Zookeeper    Nannu   12/28/2009 9:43:58 PM
The theory is China is breaking away from the global slowdown and may likely forgo buying longterm US bonds and secretly reduce its dollar reserves and sell US bonds thereby throwing US into hyperinflation and abandoning all help. China will suffer an adjustment recession as its export markets will dip but it will find other customers perhaps in China itself. I think the high speed railway is symbolic of the rise of China. While budget cuts in California will probably reduce public transportation.
 
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FJV       12/29/2009 6:46:06 AM
Wouldn't this be stimulating the economy by investing in infrastructure?
 
As for China buying dollars they will continue for some time at least that is what the people I read/follow are saying.
 
 
 
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Le Zookeeper       12/29/2009 7:50:07 AM

Wouldn't this be stimulating the economy by investing in infrastructure?

 

As for China buying dollars they will continue for some time at least that is what the people I read/follow are saying.


 

 


Yes, and China cannot stimulate itself and US .  The US can barely stimulate itself, trillions spent and nothing to show for it. A friend of mine just returned from China, says things are great there. I kind of believe that as the phenomenon of propping US will stop and foreign economies will boom as they will stimulate their own economies via infrastructure ez credit etc.
 
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Nanheyangrouchuan       12/29/2009 11:43:02 AM




Wouldn't this be stimulating the economy by investing in infrastructure?



 



As for China buying dollars they will continue for some time at least that is what the people I read/follow are saying.






 



 






Yes, and China cannot stimulate itself and US .  The US can barely stimulate itself, trillions spent and nothing to show for it. A friend of mine just returned from China, says things are great there. I kind of believe that as the phenomenon of propping US will stop and foreign economies will boom as they will stimulate their own economies via infrastructure ez credit etc.


As EU countries line up to face defaults on debts, and even the UK is highly suspected of being in deep crap, the US dollar is still the only game in town.
 
Let's all get some new sport cars, courtesy of the PRC.
 
 
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Nanheyangrouchuan    Herc the gutless panda licking broom pusher   12/29/2009 11:46:32 AM

The theory is China is breaking away from the global slowdown and may likely forgo buying longterm US bonds and secretly reduce its dollar reserves and sell US bonds thereby throwing US into hyperinflation and abandoning all help. China will suffer an adjustment recession as its export markets will dip but it will find other customers perhaps in China itself. I think the high speed railway is symbolic of the rise of China. While budget cuts in California will probably reduce public transportation.

Nice theory, how about addressing the points I brought up that originally came from Andy Xu and are in financial rags around the world.  Who is China going to sell US bonds too?  The debt defaulting EU?  The vastly reduced wealth of the ME?
The shrinking Japanese?  The hollow Russian economy?
 
The Indians may be in a position to do so, but won't buy from China just to spite China.  They might buy our new bonds as part of our strategic partnership.  I would then expect India to be the next full fledged ISS partner.
 
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