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THE GREAT BIG CHINA THREAD


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Is This China's Scariest Chart? 20140915_china2.jpg

UPDATE: It appears the exodus is beginning - China FDI -14% YoY (vs +0.8% exp.)

As China's shift to a consumer economy progresses based on the urbanization of its agrarian 'poor' population, an odd thing is happening at the other end of the demographic wealth spectrum. As WSJ reports, nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey. The top reasons 47% of these individuals - with net worths over $1.5 billion - cite for fleeing China include educational and employment opportunities, economic security, and climate. Ironically, none mentioned 'running away from potential prosecution for graft'.

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The top reasons 47% of these individuals - with net worths over $1.5 billion - cite for fleeing China include educational and employment opportunities, economic security, and climate. Ironically, none mentioned 'running away from potential prosecution for graft'.

Is that right? Doesn't sound like a lot of lolly for the Chinese elite.

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Is that right? Doesn't sound like a lot of lolly for the Chinese elite.

I think that is $1.5 Bn for each of the Chinese Elite individuals. Not all their sloshy 'wealth' combined.

As per interestrateripoff info above;

China pumps $81 billion into major banks

Published: Sept 16, 2014

BEIJING--China's central bank is injecting 500 billion yuan ($81 billion) into the country's five major state-owned banks as it moves to counter a worse-than-expected slowdown in the world's No. 2 economy, according to a senior Chinese banking executive.

in full http://www.marketwatch.com/story/china-pumps-81-billion-into-major-banks-2014-09-16

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China’s central bank joined its European counterpart in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world’s biggest economies as the U.S. reduces stimulus.

Just a normal banking-system operation to cope with a brief liquidity shortage? Or a secretive move to shore up growth as China faces up to the danger of a hard landing for its economy?

The Chinese economy starting to unravel?

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China's Economy Slams On The Brakes: 30% Of Coal Miners Unable To Pay Employees On Time

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More than 70 per cent of the country’s coal miners were losing money and had cut salaries. Translated: widespread wage deflation, in a country where M2 is expected to grow at a double digit pace. And the really bad news: "About 30 per cent of the industry’s miners had not been able to pay their employees on time and a further 20 per cent had cut salaries by more than 10 per cent, the Economic Information Daily, a Xinhua-affiliated newspaper, reported on Monday."

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China September factory activity edges up but employment shrinks

Asian relief as China's factories top low expectations

SYDNEY - Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China's massive factory sector outpaced the market's bleak expectations.

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China’s economy remained stuck in “low gear” this quarter, with struggling retail and residential real-estate industries countering improvements in manufacturing and transportation, a private survey showed.

China’s four biggest banks may ease mortgage lending, the latest in a series of policy steps aimed at supporting the country’s sliding property market, the 21st Century Business Herald reported yesterday.

Mortgage lending to simple way to create GDP growth....

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  • China uncovered almost $10 billion in fraudulent trade nationwide as part of an investigation begun in April last year, including many irregularities in the port of Qingdao, the country’s currency regulator said today.

    The fed trades are even bigger with fake currency!

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PBOC Disappoints Rate-Cut Hopers, Injects $32 Billion Into Banks

20141017_PBOC1.jpg

We suspect the market will be disappointed by this morning's headlines from China. Chinese rate markets are implying a RRR cut is coming soon (as swap rates drop below deposit rates - previously signaled 2 RRR cuts) but the PBOC announced this morning a muich more focused injection of cash to 20 of the nations' largest banks. RRR cuts, are (theoretically) considerably more broadly stimulative to lending than a $32.8 billion cash injection to banks - which are struggling to lend as demand for loans (given high costs of debt for the firms that need the money the most) is weak. One can only imagine the holes in bank balance sheets that exist if the PBOC is forced to do this. Simply put, no matter how much hope there is, as we noted previously, the PBOC will not be providing broad stimulus.

Perhaps the PBoC need to copy the West try ZIRP.

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China inflation near five-year low_78227977_china_food.jpg

Inflation in China eased to a near five-year low in September, adding to evidence of a slowdown in the world's second largest economy.

Low inflation everywhere it seems.

Its on the up in Russia, hitting 8%.

We just need upset The US warmongers and that glorious inflation will be upon us!

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China needs a new prescription for growth: Cram even more people into the pollution-ridden megacities of Beijing, Shanghai, Guangzhou and Shenzhen.

Sounds awfully fascistic, the tone of that article. All must be sacrificed at the alter of economic growth. Who cares if it ends up looking like blade runner, the numbers stack up!

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China’s economic growth will slow to about 4 percent annually after 2020 following decades of rapid expansion, according to the Conference Board.

China’s economic growth beat analysts’ estimates last quarter as export demand quickened and services expanded, bolstering the government’s case for avoiding broader stimulus measures.

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China's growth slowest since global crisis

BEIJING - China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth. Full Article

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China's growth slowest since global crisis

BEIJING - China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth. Full Article

Is it another crisis ?

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As China gets tougher on fuel economy, some carmakers may be left behind

SHANGHAI/BEIJING - Chinese automakers from state-owned FAW Co to Zhejiang Geely [GEELY.UL] are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution.

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