Posted on 02/12/2015 6:36:14 AM PST by C19fan
Diana Choyleva of Lombard Street Research, who produces an “unmassaged” calculation of China’s true economic growth, just reported that China’s fourth quarter GDP growth plummeted to 1.7 percent, versus the official 7.4 percent rate.
According Choyleva, “Dire data out of China are competing head-on with the Greek political drama as the most destabilizing factor for the global economy and financial markets.”
Lombard Street calculates that in 2014, real annual GDP growth averaged 4.4 percent, versus the official government rate of 7.3 percent. But what is more foreboding for the Middle Kingdom is that they see economic growth sequentially collapsing. Choyleva estimates that China’s third quarter fell to 4 percent and fourth quarter growth plummeted to 1.7 percent.
(Excerpt) Read more at breitbart.com ...
Short the Market big
Rut-roh.
Communists always have to “massage” the numbers.
Last night I ended up listening to John Batchelor on my radio dial. The story he was discussing had to deal with ten people being executed in China. At least one of them was a ‘tycoon’....very wealthy, and presumably well connected. He was executed for bribery.
The implication is there is some discord in the commie party, and this guy was really executed for political reasons.
Slow growing economy...discord in the party...the Chinese ‘miracle’ may be about to burst.
Apparently China needs to learn to massage the numbers like we do.
Unmassaged! But that—is just TERRIBLE!
All that financial stress can’t be massaged out! What a crock!
Slow growing economy...discord in the party...the Chinese ‘miracle’ may be about to burst.
It could/might/possibly be that the numbers of ‘suckers’ for Chinese goods and services is starting to ‘noticeably’ decline world-wide.
You know... poisoned pet products, poor quality of manufactured items, poisoned or just possibly poor quality ‘human’ food products.
Or... it could be that manufacturers have found other nations who can manufacturer things for them at an even lower wage rate.
However when speaking of China the biggest thing to remember is that it is much like an Iceberg, 80% of everything is hidden from an outsider. So it could be anything and everything I’ve mentioned. As outsiders we won’t know until the bubble bursts... if then.
“It could/might/possibly be that the numbers of ‘suckers’ for Chinese goods and services is starting to ‘noticeably’ decline world-wide.”
Could be...but I wouldn’t count on it. I think the Chinese have put themselves into a box. They need us to buy their junk...so they keep extending a line of credit to the west. Well now that (ironically) we have a communist in the WH, we aren’t a safe lending bet.
So now what. Despite lots of media attention, China really doesn’t have a huge middle class to buy their own goods.
All they can do now is sell cheap military hardware the 3rd world despots.
You make good points. On a personal basis, as I have said before, I admire the Chinese people. It’s their government and the general Chinese attitude towards Intellectual Property that I don’t like.
Wait until it's their patents. Then watch them flip on this.
Ten years from now, when they hold multiple patents on LFTR Thorium power plants, they will in every U.S. court enforcing them.
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