American Interest – The biggest takeaway here is the people who understand China’s economy the best are terrified by the prospect of an implosion.
American Interest – The biggest takeaway here is the people who understand China’s economy the best are terrified by the prospect of an implosion.
The Chinese can’t run out of money…there’s at least two billion of them…
We ok , we have chiky fly lice, we just come poty take pictcha drink saki. We never stav we have “merica” canada to feed us. We own most of merica!! and now west coast of canada we just want immigration like everyone else…we come poty drink saki like you. ra ra ra go canada we buy you too we be friends afta we own you trust me mao tell me to be nice.
I am far more worried about the American economy. As one American summed it up “we have start ups in Seattle worth a billion dollars writing apps to determine whether you and your friends can all go to the concert on Tuesday or Thursday. Meanwhile restaurants throw out up to 40% of the food they buy. Are we allocating our resources to the right things?”
That and the fact that Saki is Japanese.
Ha! Oooops!!
Trust me, you DON’T want to drink the grain spirits that the Chinese make. Even the good quality stuff is like paint remover.
The Chinese leadership’s response to the market decline clearly demonstrates that they are far from qualified to be a world leading economic power. All the talk about transfer of the mantle of preeminent economic superpower seems quite premature.
China persicutes christians just like all communists nations do they did it in the former USSR and in cuba as well
PaladinPhil >
“Even the good quality stuff is like paint remover.”
Heh no kidding! I once got stuck in Yan’an China for several weeks on a business trip many years ago, every friggen night was shooter night playing some stupid dice-in-cup game with customers and Chinese minders (officials). They’d drink that “paint remover” until they literally passed out and fell on the floor at the table – EVERY NIGHT.
Not playing with them wasn’t an option, so after a week of this I had to pretend I had stomach issues to avoid drinking the crap any further. They were still pissed off about it, but I was able to stick to “beerish stuff” only and still somewhat “save face”.
Ha! You must have attempted to drink baijiu. Paint thinner indeed. But a major western British beverage company thinks there is money to be made there:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8338176/Diageo-buys-growth-recent-deals.html?image=2
It’s not what it appears. The Chinese government loves these boom-and-bust cycles and force them periodically. The market was a bubble since December and is back down to its levels of late 2014. Not a huge collapse on the long graph. But those who are connected can buy low and sell high while everyone else guesses. It’s just corruption, not weakness.