Originally posted by Zosynspiracy
Dubai x 1000? Is this guy a moron? More like America times a thousand. HAHA! What's going to happen to China is already happening here in the US. Hyperstimulated economy? CHECK!
Government bailouts? CHECK
Overextended real estate market aka speculative real estate capital? CHECK!
What this idiot fails to realize is that China is IN DEBT TO NO ONE! Unlike Dubai and America China OWNS other countries' debt. This guy is another useless talking head on Wallstreet just trying to make money. He doesn't care about anything else...........least of all his own country that has made him filthy rich while everyone around him is losing their rear end. Another empty WallStreet suit.
[edit on 9-1-2010 by Zosynspiracy]
Originally posted by MOTT the HOOPLE
But one thing in China's favor is that China knows how too do it tough! I think they will be alright not great but still make it through. They always do.
In the late 1950's and early 60's, China suffered a prolonged and terrible famine. The human toll was higher than from any other famine in modern times -- and in all likelihood, greater than from any previous famine in human history. While a precise count of the victims will never be possible, Western analyses of official Chinese census figures subsequently indicated that as many as 30 million Chinese perished from ''excess mortality'' between 1959 and 1961.
Originally posted by SLAYER69
reply to post by 13579
Don't confuse Nationalism with CORPORATISM
Understand what's happening. The US is loosing jobs domestically and they wont come back as American Companies are also in the mix pumping Billions of dollars into the Chinese economy in search of ever increasing profits.
When that well runs dry...
And It Will in Time.
They will simply move on to India, The African continent or South America etc.
GM sales in China surge 67 percent in 2009
General Motors sales in China surged 67 percent last year, the company announced Monday, as the automaker and its joint ventures exploited rising affluence there to sell more than 1.8 million cars and trucks.
GM, already among the most important auto manufacturers in China, said the market share of its Chinese ventures rose to 13.4 percent, up 1.3 percentage points from 2008. Leading the company's sales in China were Buicks, as well as inexpensive small vans and pickups.
IBM Will Offer China Financing
International Business Machines Corp. said it will launch a financing business in China with chip maker Advanced Micro Devices Inc. as its first client.
IBM will provide accounts-receivable lending, also called factoring, to AMD, providing them with upfront payment while they wait up to four months to receive payment from a customer.
IBM spokeswoman Harriet Ip said the deal would generate "hundreds of millions of dollars" of business for IBM this year. IBM also anticipates adding new customers for the financing unit.
The move highlights how IBM is branching into service, consulting, and financing businesses in China that are far removed from its original core business of manufacturing computers.
Originally posted by ANNED
If their economy does collapse.
They will have to start selling there gold reserves.
China holds gold reserves of about 1,000 tons.
This being dropped on the market would send gold prices to $300/$400 a ounce.
gold prices are now around $1,128
It would also increase the value of the US dollar by a factor of 5 to 6.