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Chinese caijinn journalist arrested for economic story.

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posted on Aug, 26 2015 @ 07:05 AM
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Hi this is just breaking via a Twitter feed. It appears the Chinese government are really panicking regarding the economy and trying to portray a situation of calm.
However this appears to have taken another step up with the arrests of one of Chinas magazine , Caijinn, journalists. It appears a story was run alerting people to the state of the economy causing the government to issue a denial and the journalists arrest.....

Will update..




posted on Aug, 26 2015 @ 07:36 AM
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a reply to: liteonit6969
If they keep this kind of thing up, I think they may see something reminiscent of the final scene of the movie 'Animal House'.... "Remain calm... EVERYONE REMAIN CALM!!!"



posted on Aug, 26 2015 @ 07:36 AM
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a reply to: liteonit6969

Maybe this will trigger U.S. companies to re-evaluate their investments in China. Taking advantage of cheap wages in China may not be so good in the long run. Greedy corporate Karma?



posted on Aug, 26 2015 @ 07:36 AM
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Yes, I just heard on the radio that the Chinese media (state-owned and controlled) are playing down the stock market problems and blaming it all on Europe and the US! Separately, there was a piece about China's GDP growth being below what they are reporting i.e. it is not 7%.

It'll be interesting whether the Chinese will continue to believe the lies of their Communist masters when the realities of China's economic problems start to become increasingly apparent. What the ruling Communists want to avoid is a restless population who ask difficult questions.

Could this be why China are becoming more territorially assertive. Could China be playing the nationalist card as a diversion, perhaps by engineering a confrontation with one of their neighbours?



posted on Aug, 26 2015 @ 10:12 AM
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Let's travel back in time a bit.
Spain seemed to be doing really well economically until 2008 when the crisis hit.
Their debt to gdp was down to just 36 percent in 2007 from 67,5 in 1995 while their gdp rose sharply.
The economic growth in spain was based on building activities, most will have seen the pictures of unsold housing blocks, not to long ago a newly builded airport was sold for only €10.000 euro to Chinese investors.

Anyway, while Spain has turned the tide and is back on a sustainable path again, it took them 6 years to do so and it will take another 5 to 10 years before unemployment levels are back to normal proportions.

The same thing that happened in Spain has been seen in China for many years now, lots of economic activity generated through building ghost cities for example, the cherry on top of the cake is of course people lending large amounts of money to enter the stock marketsSo are we really surprised about the economic downturn in China? it is a no brainer that many chinese people have lost large amounts of money during the crash in the stock market.
Also, there comes the day that just like in Spain the bill for all the generated economic activity is presented since there has not been much return on investment and when construction stops, what will that mean for employment rates in China, the affordability of these homes, wat will it mean for the boosted gdp of China which has been growing exponentially over so many years.



posted on Aug, 26 2015 @ 02:17 PM
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a reply to: liteonit6969

on a side note, does anyone think the US will speak out against Chinese government over freedom of speech? we do it all over the middle east.

anyway, the day the Chinese economy truly take a plunge, the rest of the world will be impacted on some level. some greater than others.
im sure the economies whose lifeline lies in the bosoms of China will figure some 'clever' mean to make iy all go away.




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