[NZerFromHK]

Now will this catch Freepers' attentions? I doubt it.

[Brilliant]

If true, then China is on the verge of economic collapse.

[righthand man]

bump

[gaijin]

Wow! They're not just replicating the Japanese economic miracle, but it appears they are COMPLETELY replicating it, to include the eventual collosal crisis.

Don't forget their energy crisis and the fact that 30 million men there have no hope of EVER marrying...

What, I ask freepers, is the NEXT step, if they have a full-blown crisis?

I say Japan needs air-to-air refueling capability and more SDI stuff NOW.

[WilliamofCarmichael]

As long as the communist party relies on state-controlled banks to maintain an unreformed core of a command economy, Chinese banks will make more bad loans.

The alternative is more civil strife (already reported as more than 60,000 instances per year). Cutting off those Mao-era "enterprises" would throw tens of millions more out of work.

Government figures show that, in 2003, 5.3 million party officials held executive positions in SOEs.

Hey! that close enough to be a free market, capitalist system. Right, free traders?

Let's ramp up the free tradin' transfer of technology, wealth, and production to our "business partners."

[G Larry]

Wonder how "Trapper" from "MASH" feels about his China investments now?

Clown bashes Walmart and praises China in the same breath!?!?!?

[boycottliberalhollywood.com]

The writer, author of China's Trapped Transition, is a senior associate at the Carnegie Endowment for International Peace in Washington Globalists Trying To Convince Us That China Is Our Friend Endowment

[DB]

There are many issues like this in China.

That is why in the longer run I don't fear China economically.

Yes, they've been producing lots of growth. But when you start out dirt poor there's plenty of room to go up. I'd guess their per capita income is a tenth of ours. They have a long, long way to go... Their corrupt communist government is not compatible with the freedom required to truly catch up.

[DB]

Okay, I looked up the per capita GDP of both China and the US. China per capita GDP is $6,300 and the US is $42,000 (or 6.67 times higher per person). These are 2005 numbers based on the "CIA Factbook" Web site.

[Proud_USA_Republican]

You should see how much they have spent on their so called coming out party, the 2008 summer olympics, on the facilities. They are spending 24 billion dollars on just subway and infrastructure improvements around Beijing, and that not even includes the reported 3 to 4 billion for the olympic stadium and other sports facilities for the games.

The original olympic stadium became soo expensive and over the top, they ended up scrapping many of its features, but the initial design and metal work is still happening.

What they are still building (nicknamed the birds nest):

[kstewskis]

Interesting China *ping*

[grey_whiskers]

Like, *PING*, dude.

Cheers!

[Rocky]

For all the foreign businesses and financial institutions who are deeply invested in China, consider: If a man owes the bank $100,000, the bank owns the man. If a man owes the bank $1 billion, the man owns the bank.

[moehoward]

bump

[Caipirabob]

I'll believe that China is on the verge of economic collapse right after I see the Republicans in the House and Senate unitedly embrace a true conservative agenda.

[dennisw]

Let's hope for the worst here. Weaker China is always in our interest.

[razorback-bert]

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