Posted on 08/27/2015 9:52:12 AM PDT by blam
David Scutt, Business Insider Australia
August 26, 2015
The outlook for Chinese economic growth is not as bad as some commentators are suggesting, and while it is uncertain, it is certainly not collapsing.
The view presented by Goldman Sachs' portfolio strategy research team, in a note released earlier this week, suggests that Chinese economic growth will recover in the final quarter of this year on the back of flexibility with fiscal, monetary, and reform policy.
Here's Goldman on the recent slowdown in China's growth momentum:
China growth has slowed meaningfully in recent months, as evidenced by the disappointing official data, including IP, PMIs, and exports. Indeed, alternative indicators of Chinese economic activity have implied a sharper slowdown than the GDP data for some time, particularly in the goods sector and commodity-intensive industries. The short-term growth picture is further complicated by the current shutdown of production facilities around the Greater Beijing area due to the World Athletics Championships and WWII Memorial. In short, a weak 3Q is unavoidable and any potential growth pickup is more likely to be unveiled by September readings, which are scheduled to be released in early/mid-October.
(snip)
(Excerpt) Read more at businessinsider.com ...
The rules of engagement have changed in China.
There was a time when loyalty to the party, and loyalty to President Xi Jinping, meant the government left you alone.
But there is now a crisis on, and even those who thought they might be safe from the president's ongoing crackdown on corruption need to watch their backs.
Someone has to take the fall for a crashing stock market, a slowing economy, and the 145 people killed as a result of an industrial accident in Tianjin earlier this month.
And it's not going to be President Xi Jinping.
Pay no attention to that man behind the screen!
Meanwhile today China dumps ...err sells ....$100Billion in US Treasuries
Wait for the day they are in position to announce they will not be buying more
Bfl
Oh Good!
China is on a roll.
We’re all saved. Long Live the People’s Republic of China and the Glorious Communist Party!
The next bubble from Golden Slack’s a-hole to you, the investing public. Especially true since China is blackmailing the Federal Reserve (ie. the private bank called the Federal Reserve)... NOT to raise interest rates.
Oh, that and the continued lie of the emergency of “globull warming” when we are in fact, heading for another 200 year mini-ice age (about which see— Washington crossing the Delaware, which has only recently begun to ice over since that time).
Anyone who thinks there is any kind of “free” market needs a lobotomy.
Laugh out loud as you read this manipulation by the chinee finger puzzle whoopie cushion manufacturers. LOL and Heh, Heh.
If the U.S. economy is “kicking butt”, then you’re saying Obama’s policies have been a big success?
Gee. I remember an America that didn’t even know where China was, and didn’t care...because we made everything we wanted and then some.
If this is a “kick butt” economy, hate to see a bad one.
Yup.
Blankfein the Thief to American Suckers: Buy our overpriced “securities”! Buy now, Numbah One good!
I have made hundreds of thousands over the years doing the opposite of what Goldman Sachs recommends...........
No, that would be Obama and Boner. They can't afford for the interest to collapse the entitlement Ponzi scheme. China is merely an accomplice by buying our debt with little compensation to keep our consumers going. Much like a heroin dealer gives out free samples to get you hooked.
We are hooked and the cure will NOT be good.
In re: “we used to make” see Harbor Freight Tools. Made in China and built to last... about one or two days to a week. Absolute sheite.
Goldman Sachs, huh? If that’s what they saying in public, then that’s what they’re selling to their clients....while betting against China with their own investments.
Wall Street never lies to suckers, er, investors.
Sorry to say... these clowns are simply making it up as they go along.<
Has anyone noticed these stories CHANGE almost as fast as to how they came into being.p>
Their purpose?.. Just to keep the show, called the market, going.
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