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THE GREAT BIG CHINA THREAD


winkie
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FUBAR I: Chinese Food Imports Now Demand More Land Mass Than The Entire State Of California

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Here’s the good news: 2013 was a record year for Chinese grain production. Here’s the not so good news: “Although the number is huge,” said Nie, “it still could not satisfy domestic consumer demand. In recent years, China’s food imports have been increasing. Agricultural product imports are roughly equivalent to the productive capacity of 47 million hectares of planted area.” To put this number in context, if you could cram together all the farmland and pasture that it takes to grow the food just being imported by China, the total area of this land mass would be larger than the entire state of California. As nations become wealthier, it takes much more land per-capita to feed them. The absolute best case scenario is substantially higher food prices.

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FUBAR II: China Must Import More Water Than The US Imports Oil

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We discussed earlier that China does not have the capacity to feed itself as it simply doesn’t have enough fertile land in production to support its population’s growing food demand. Theoretically this is fixable. With a bit of time, patience, and technology, barren soil can be rehabilitated In other words, China doesn’t have enough enough productive land capacity to support its population. But the far greater issue is China’s massive freshwater deficiency.

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Another one from the "Vince Cable Says" archives.


http://

www.ibtimes.co.uk/vince-cable-dont-lecture-china-human-rights-amid-it-overtaking-us-economy-1453219

"I think Britain got left behind in the past, you know the Germans established themselves very well in China and some extent France. I think we are catching up and taking the country much more, we've got a lot to offer them in things like creative industries the kind of things we're developing in Tech City, the IT revolution, British expertise in architecture and design and urbanisation, these are things they like and will buy."

In reality it doesn't sound like "a lot to offer them". Certainly not enough to properly support the UK economy.

Edited by billybong
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Another one from the "Vince Cable Says" archives.

In reality it doesn't sound like "a lot to offer them". Certainly not enough to properly support the UK economy.

Only a few years ago India was going to be our great benefactor country, wish our politicians would make up their minds.

Tech city willl thrive as long as free money is squished out from the sides of the qe derived stockmarket bubble if it doesn't get extinguished first by a localized real estate one..

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http://www.bloomberg.com/news/2014-06-19/hong-kong-stocks-advance-as-fed-comments-boost-sentiment.html

'A gauge of Chinese shares traded in Hong Kong headed for its biggest decline in six weeks amid concern a property-market slowdown will curb economic growth and as a slump in mainland-listed equities weighed on sentiment.'

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China Builds World's Most Powerful Nuclear Reactor; Regulators "Overwhelmed"

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We are sure this will end well. Just as China took the 'if we build it (on free credit), they will come' growth model to extremes in real estate; it appears their ambitions in nuclear energy production are just as grandiose. However, just as they lost control of the real estate market, Bloomberg reports China is moving quickly to become the first country to operate the world’s most powerful atomic reactor even as France’s nuclear regulator says communication and cooperation on safety measures with its Chinese counterparts are lacking. France has a lot riding on a smooth roll out of China’s European Pressurized Reactors (EPRs) as it is home to Areva, which developed the next-gen reactor, and utility EdF, which oversees the project. French regulators, speaking in parliament, warned, "the Chinese safety authorities lack means. They are overwhelmed."

This can only end well!!!

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  • 2 weeks later...

http://www.bloomberg.com/news/2014-06-30/china-changes-banks-loan-to-deposit-ratio-calculation-correct-.html

Chinese regulators increased banks’ capacity to lend money and bolster the slowing economy by changing the way loan-to-deposit ratios are devised.

Banks from today can include in the calculation negotiable certificates of deposit sold to companies or individuals, the China Banking Regulatory Commission said in a statement yesterday. They can also exclude loans advanced to small enterprises and the rural sector that are backed by bonds, the CBRC said. Bank lending is capped at no more than 75 percent of deposits to prevent an overextension of credit.

A slowing economy with merely 7% growth....

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China Admits First Official Local-Government Loan Default

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There has been a growing number of defaults since China first broke its non-payment cherry earlier this year. Names like Chaori Solar have "promised" to pay back the money they owe, only to falter on that promise mere months after a temporary reprieve. Wide-scale panic has for now been avoided by liquidity provision to banks (not shadow-banks) and mini-stimulus which many assumed was targeted at keeping the state-owned enterprises (SOEs) alive no matter what. That 'hope' all changed this weekend... As Bloomberg reports, Qilu Bank's annual report shows that Licheng district urban construction development company has not paid its loan interest..."To the best of our knowledge, this is the first official disclosure of a LGFV default on a bank loan."

It's all numbers on a spreadsheet.

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If only that were true! It's payments from the current accounts of Chinese businesses through a labyrinth of Chinese and American shadow banks that ultimately hold up the global economy. When the concrete and terror regime finally goes down everything else will go down with it.

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http://www.bloomberg.com/news/2014-07-01/chinese-families-pay-16-000-for-kids-to-pass-army-entrance-exam.html

The calls started months ago to the recruitment office in the eastern Chinese province of Jiangxi, asking how much it would cost to pass this year’s tests to join the army. The going rate, depending on your “guanxi,” or connections: As much as $16,000.

Limited spots in annual recruitment drives across China’s 31 provinces and municipalities for the world’s largest army, plus a high failure rate for physical fitness tests, leads parents to pay to guarantee a spot for their child in the

that runs through September. Success offers a stable job and, for some, a path out of rural districts.

“They asked me what the current price tag is, and I said ‘around 80,000 to 90,000 yuan for you guys,’” said Wang, a recruitment officer with the People’s Liberation Army in Jiangxi, referring to former military colleagues who call him. “If your guanxi was really strong it’d cost you around 50,000 to 60,000 yuan per quota; if it was just so-so, you would have to spend 100,000 yuan at least.” Wang asked not to be identified in full as he isn’t authorized to speak publicly.

A bribe to join the Army, who do the Chinese think they are the British Aristocracy!

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China wants to lower lending costs for firms - radio

BEIJING - China's government will aim to lower funding costs for small- and medium-sized companies by directing more credit towards the real economy and away from speculative activity, state radio quoted the cabinet as saying after a weekly meeting.

China aiming to boost speculative activity?

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China Prepares To "Boost" Economy By Also Revising Its GDP Definition

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Now that even that bedrock of the Keynesian voodoo religion, the Gross Domestic Product calculation, has become a ridiculous farce, with everyone in Europe suddenly adding the uncalculable "contribution" from drug dealers and hookers all in a mad dash to make debt/GDP ratios appear better than they are, it is truly time to unleash the clowns as none other than the country which has taken fabricating economic data to an artform, no not the US for those confused but China, is preparing to change the way its calculates its GDP, with the biggest contribution coming from, hold on to your hats, R&D. One wonders if "reverse engineering" of pirated products and services is covered in this "non-GAAP GDP" category. The end result? GDP for the country which cumulatively will be several percentage points higher once the entire fudging/recasting exercise is completed. Here are the details.

Staying away from hookers at the minute it seems.

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China's state TV accuses central bank of money laundering

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Report into Bank of China foreign exchange programme surprises many, as investigations into state enterprises are rare

Apparently it's not money laundering, it's worse; it's state sponsored.....

http://www.businessweek.com/news/2014-07-13/secret-path-revealed-for-chinese-billions-overseas

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China June bank loans beat expectations as Beijing steps on the gas

BEIJING - Beijing stepped up efforts to re-energise China's economy in June and avert a sharper slowdown, pumping more money into the system and pressing banks to extend more loans, but analysts say more stimulus will be needed to ensure a sustained recovery.

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http://www.bloomberg.com/news/2014-07-16/huatong-road-bridge-may-miss-400-million-yuan-debt.html

China faces what would be the second default in the nation’s onshore bond market after a builder said it may fail to make a payment next week, the latest sign of stress in the world’s biggest corporate debtload.

Huatong Road & Bridge Group Co., based in the northern province of Shanxi, said it may miss a 400 million yuan ($64.5 million) note payment due July 23, according to a statement to the Shanghai Clearing House yesterday. Chairman Wang Guorui is assisting authorities with an official investigation, it said, without elaborating. Wang was removed from the Chinese People’s Political Consultative Conference Shanxi Committee on July 9 for suspected violations of the law, according to an official statement and media report last week.

The Chinese bubble getting ready to burst?

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