China Intensifies Steps to End $3.2 Trillion Stock Rout

originally posted by: FyreByrd
a reply to: Xcathdra

Don't understand it a bit - but fascinating. Capitalism just doesn't work any more.

China is communist and state controlled.......So how does your point fit into that.......Are you guys posting in the right thread or what......


Sometimes trying to understand posters mindsets on this site is like playing texas holdem with my cat cookie.

a reply to: SubTruth

So you have no answer, but are just pulling it from some random source.

Is that what I'm supposed to realize?

originally posted by: pl3bscheese
a reply to: SubTruth

So you have no answer, but are just pulling it from some random source.

Is that what I'm supposed to realize?

Gooogly what.......Answer to what.......Maybe I am in the wrong thread.....Scroll up.....Nope. What are you talking about?

a reply to: SubTruth

Look at the first page. You entirely deflected my question. It would be nice if you answered it in full. Why do you assume China needs 8-10% growth to break even? Where did you pull this number from, and what reasoning backs this up?

originally posted by: pl3bscheese
a reply to: SubTruth

Look at the first page. You entirely deflected my question. It would be nice if you answered it in full. Why do you assume China needs 8-10% growth to break even? Where did you pull this number from, and what reasoning backs this up?

www.economist.com...



Do they have to........Kinda....They consider it slowing down because of the growth needed to meet forecasts. I hope this link helps you understand and give context to my statement. Economists are saying China is in trouble with 7% growth......See why I said it.

a reply to: SubTruth

Verified, random sourcing, and it doesn't even begin to back your statement.

In fact, it's been well known for years now that China would inevitably slow down from double digit growth, and these projections are taken into long-term policy decisions.

They don't need 8-10% "to keep going". Sorry, but that just had to be called out.

originally posted by: pl3bscheese
a reply to: SubTruth

Verified, random sourcing, and it doesn't even begin to back your statement.

In fact, it's been well known for years now that China would inevitably slow down from double digit growth, and these projections are taken into long-term policy decisions.

They don't need 8-10% "to keep going". Sorry, but that just had to be called out.

Random sources.........What are you for real. I backed up my point with a story from the economist. They are well known for economic news.


Let me turn the burden of proof around a little......Post a link to a story that says they don't need to sustain this growth.........YA we will be waiting a little while for that link. Economists start to worry when growth starts dropping in China for very good reasons.


This is also the reason they built cities no one lives in.......More proof of my statement. Also the Chinese government is taking action and they still have 7% growth this year........More proof.

a reply to: pl3bscheese

Do you understand what forecast growth is poster........China was supposed to stay at around 8-9% for the next couple of years......Not meeting that forecast is a bigger deal than you would think.

well, i dont think its working.
China was in the green by 2-3-4% in early trade.

its starting to tank, again

originally posted by: Agit8dChop
well, i dont think its working.
China was in the green by 2-3-4% in early trade.

its starting to tank, again

Oh crap.......This really is not good. If they continue this slide it could cause a greater issue. TPTB over in China better start pumping money into the system and they had better do it sooner rather than later.


China is a big deal for the rest of the world and many companies including mine sell products to mainland China. This is not Greece this is the real deal.

a reply to: SubTruth

Look, you screwed up, and now are throwing blanks. I got no respect for that.

China wasn't forecasted to keep double digit growth through even this decade as of a few years ago. You're just making stuff up.

What matters most is the rate of decline in growth annually. If it's less than 1% on average, their descent may not be so swift and prolonged. If it's less than .5% per year on average measured over a decade, home run for them. If it's over 1%, probably heading for huge crash.

You don't measure climate by someone bitching at snow in their driveway, right? Same deal.

originally posted by: pl3bscheese
a reply to: SubTruth

Look, you screwed up, and now are throwing blanks. I got no respect for that.

China wasn't forecasted to keep double digit growth through even this decade as of a few years ago. You're just making stuff up.

What matters most is the rate of decline in growth annually. If it's less than 1% on average, their descent may not be so swift and prolonged. If it's less than .5% per year on average measured over a decade, home run for them. If it's over 1%, probably heading for huge crash.

You don't measure climate by someone bitching at snow in their driveway, right? Same deal.

China's forecast growth was 8-9% for the next couple of years.....If they do not meet this forecast investors/economists start to wonder. I backed my point of view up with a link from the economist.....You backed your point of view up with what exactly........


If China was to drop to 1% growth they would be having huge issues........Do you understand how this stuff works? From what you posted I would say the answer is.....Not really.

a reply to: [post=19534050]Xcathdra...... me, I'm with that school of thought...
Greece is presently being made an example so the others will behave

originally posted by: GBP/JPY
a reply to: [post=19534050]Xcathdra...... me, I'm with that school of thought...
Greece is presently being made an example so the others will behave

I actually said the same exact thing in the Greece threads......I agree with you but hope we are wrong.

Nice to get some important news for a change, instead of the typical sensationalism. thanks.
a reply to: Xcathdra

originally posted by: SubTruth

originally posted by: FyreByrd
a reply to: Xcathdra

Don't understand it a bit - but fascinating. Capitalism just doesn't work any more.

China is communist and state controlled.......So how does your point fit into that.......Are you guys posting in the right thread or what......


Sometimes trying to understand posters mindsets on this site is like playing texas holdem with my cat cookie.

China is not communist - it may have been at one time. Now it's something else - maybe State (or Party) Run Capitalist.

General Motors sold more cars in China than in the United States in the first half of 2010, and China now accounts for one-quarter of the company's global sales. That seems like a lot of capitalism for a country that calls itself communist. How communist is China, really?

Not very. Since the end of the Cultural Revolution in 1976, China has all but abandoned the tenets of classical marxism, including collective ownership of the means of production.

Nowadays, just about everything is at least partly privatized.

Whereas the Chinese Communist Party under Chairman Mao owned every factory and farm in the nation, the economy is now a patchwork of public and private businesses.

Schools can also be state-run or private.

Entitlements have also been cut way back since the days of true communism, with minimal state-provided health care and social security programs.

We associate socialist countries with confiscatory tax rates, but taxes aren't especially high in China. (Chinese corporations pay 25 percent and individuals between 5 and 45 percent—numbers roughly comparable to thosein the United States.)

www.slate.com...

Sound familiar? Things can and do change.

I've always wondered what Nixon and Kissinger gave them? Or what did they threaten them with? Or -----

There we go.. all of China's efforts to stop the rout has failed. its back into negative territory

originally posted by: SubTruth


I kinda called this in another thread last night.......China will pump money into the system. The only way they really can keep this going is if they start huge building projects again. They need to keep the flow going.

Their economy has been about 70% fraud with their building and expansion of unused infrastructure that 80% of the country can not afford to buy into or even buy something from the ghost malls.

So I guess they will try and do the same with their stock markets, I will bet it will fair about the same...not very well.

Shanghai composite opened up 5 per cent now they are fighting like mad to keep it in the green- wilder than happy hour in Valhalla

If they were smart they would unpeg the yuan from the dollar and let their currency rise. So they could actually purchase products they make.