Posted on 09/13/2015 6:34:08 PM PDT by Enlightened1
On Sunday, we got still more evidence to suggest that China’s economy isn’t growing at anywhere near the clip the official figures suggest as industrial production came in light of expectations and FAI rose at the slowest pace since 2000.
“This is very disappointing data,” said ANZ economist Li-Gang Liu.“It’s very difficult to see Premier Li Keqiang getting his 7% growth target this year.”
The statistics bureau warned of continued headwinds. “The foundation for the recovery is not solid,” it said on its website. “External and internal demand for industrial products remains weak and industrial production still faces relatively big downward pressure.”
“The economy is showing no sign of recovery," said Ding Shuang
As Alberto Gallo notes, "investment cannot go on forever without demand" and indeed, excess capacity in China is one of the main reasons why the global economy is careening headlong into the deflationary doldrums.
As for what happens when China eventually goes through an inevitable capital stock "adjustment," well, let's just say that if Daiwa turns out to be correct, our projections will look generous by comparison...
(Excerpt) Read more at zerohedge.com ...
TPTB in China would never allow negative data. Something’s going on.
Anyone hear from those missing Chinese hedge fund managers?
I didn’t know there were missing Chinese Hedge Fund managers?
Well if they are still alive, then their organs are being harvested for the highest bidder.
I could use some really good Solar Panels and a Bridgeport close for a low price. Does this mean there are going to be improved deals at Harbor Freight?
I could use some really good Solar Panels and a Bridgeport clone for a low price. Does this mean there are going to be improved deals at Harbor Freight?
I don’t know but don’t be surprised if we see a market crash this week.
So this yip yapping does what, insures that America’s Wall St. economy or Europe’s City of London economy is not on life support? Gimme a break. All this hooting about the China meltdown is sweeping a lot of structural idiocy under the rug. Wall St. is a gambling casino. Up against the Lucky Dragon, it looks like a clodhopper derivatives addiction treatment group.
We are told our economy is roaring and the unemployment rate continues to go down.
I guess their leaders aren’t as good liars as our leaders.
I lived in Hong Kong and China from 1991 through 2012
Anyone with half a brain could see for the past several years that a lot of the growth in China was lies by the government using inflated figures. More of it was one off type things. For example, China has built probably 1 million miles of new roads including super highways that are equivalent to the US interstate system, a new high speed rail system, standardized the gauge on the nations railroads and bulldozed cities like Shanghai and Beijing and rebuilt them. These are all good things by-in-large but once they are done they don’t need to be done again. A lot of the grow was simply pulling China out of the middle ages and into the 21st century. There are only so many large infrastructure projects that need to be built.
The rapid growth papered over lots of issues in the Chinese economy. You could see this coming if you looked.
All that said. China is going to remain a major industrial power. It is just that the days of 12% growth are over
Funny. I was sent a link two weeks ago about it.
My link no longer works.
Search only mentions Li, Chairwoman of Man Group, is missing. Her husband says she’s in a meeting, however.
Sorry, I could be wrong.
My Chinese friend says the quality of the infrastructure is poor. Redoing it every so often will create careers like the Big Dig’ in Mass.
You forgot one other thing, according to Obama and his crony admin., we are winning the war on terrorism!
Semper Fi
That is somewhat true but it varies from place to place
But yeah, I was always concerned about crossing suspension bridges in China.
The 3 Gorges dam is already leaking
China considers growth of 6+ percent as being an economy which is “crumbling”.
CNN, Have you commented on this article, yet?
http://www.freerepublic.com/focus/f-news/3336531/posts
What do you think about Walker’s proposal to do nationally what he’s done in Wisconsin?
a reduction in the rate of chinese growth is sort of like a reduction in the growth for US federal budget
in the end, the chinese economy still grows and in america, so does spending
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