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China-Japan-Koreas | |
China's investment boom starts to unravel | |
2012-05-14 | |
In an unguarded moment in 2007, the man anointed to take over next year as the helmsman of the world's second-largest economy revealed his doubts about China's economic growth statistics. The country's official gross domestic product figures are "man-made" and therefore unreliable, Li Keqiang told the US ambassador at the time, adding with a smile that he regarded them as being "for reference only".
If Mr Li's assessment is correct the Chinese economy is in a lot more trouble than headline GDP figures have indicated until now. Less closely watched economic data released in recent days, including figures for electricity, rail cargo and bank loans, have all shown a steep drop in activity that appears to have caught policymakers by surprise. | |
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#2 DEFENCE FOUM INDIA > CHINA'S RISING SEABORNE FOOD + FUEL IMPORTS: PROPELLING NAVAL EXPANSION? Beijing rediscovers its Mackindrian + Mahanist roots??? ARTIC > China imports over 1/2 of its domestic fuel supplies as local wells + fields are not up to task. CHINA'S "ACHILLES HEEL"?, as a number of Perts + Bloggers fear that the US-West may use Nukes + "fracking" as MIL, GEOPOL WEAPON = TECTONIC/GEOLOGIC/GEOPHYSICAL WARFARE??? Intehwesting - SPECOPS/COMMANDOS/SAPPERS deployed on COVERT EARTH/NATURAL SCIENCE MISSIONS during wartime. [BATTLESHIP OKLAHOMA'S CELINE "TITANIC" DION, HUGO CHAVEZ + ISLANDS/LAND-SINKING "EARTHQUAKE/ TECTONIC BOMBS" here]. Gentlemen, we can rebuild Him [like Steve Austin or young Darth Vader], we have the Technology. D *** YOUR SEXY TORPEDOES + ICEBERGS, CELINE! [Eating Cracker Nuts angrily]. * SAME > CHINA PLANS WID JAPAN, SOUTH KOREA FOR FREE TRADE AREA, to be set up later this year. |
Posted by: JosephMendiola 2012-05-14 23:43 |
#1 From Beijing...typical view. Banks don't loan. They only loan to big companies. The private loan market (read: informal borrowing) is the only way to get cash for expansion, and it's fraught with difficulty (obviously). Until they fix the banks, this problem won't go away. They won't fix the banks because then all the state-owned enterprises (read: GM) will go out of business. |
Posted by: gromky 2012-05-14 12:30 |