NO MORE LOANS FOR USA HOPEFULLY!
Posted on 07/10/2009 8:05:19 AM PDT by FromLori
China’s exports fell again in June, this time by 21% according to the Xinhua News Agency. The news means that goods and services being sent abroad by the world’s most populous nation are picking up only modestly since earlier this year.
China’s central government is in a race that it looks more and more likely to lose.
The country’s $585 billion stimulus package seems to be keeping consumer spending and lending at strong levels. That can only work for so long. Exports absolutely have to pick up for China to maintain its 7% GDP growth. Any sharp drop in that growth will not only cause massive unemployment; it will also burst the bubbles that have developed in the real estate and stock markets.
China is hoping to contain social unrest to its northwestern Xinjiang province. There have been labor disruptions in other cities. It is a sign that workers expect their standards of living to be maintained. That may not happen and China may have more to deal with than a slowing economy.
NO MORE LOANS FOR USA HOPEFULLY!
LOL clever
an embargo on shipments to WalMart would bring them to their knees inside thirty days
Why? The Obamassiah has told us it will work forever, that stimulus will Save Us All!
Well like Paul Craig Roberts said he works for goldman sachs so what else could they say while looting us?
http://www.zerohedge.com/article/former-us-assistant-secretary-treasaury-geithner-works-goldman
Why do you think they've embraced Obamacare. They're trying to shift expenses to the taxpayer in view of declining exports from China.
Wow we do not have dish tv is it like a communist channel? They have the univision or whatever it is called I call it the illegal alien channel and that is pretty communistic as well.
Good for you if enough people would take action they would listen.
Is there really such a thing as the Chinese economy failing or succeeding? The leadership, yes. For them, the economy is good or bad when their global influence is relatively wide or narrow. For some section of the population, yes. They’ll gain or lose a certain standard of living.
But even in boom times, millions of Chinese are still virtual slaves.
Not only are they slaves
They live in a Castle of Sand:
Pure Exporters without much of a service economy
or High Tech. (yet)
Their Banks Support Industries that are bankrupt
and will never turn a profit.
I wonder at what point they stop spending their
next egg (Treasurys) realizing that without capital they
cannot expand into other fields besides Making Crap.
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