China on the rise!

[uls]

strong rally from 2,000...

then the rally loses momentum hehe

ooops spoke too soon hehe

[uls]

Boom city Dongguan faces bankruptcy as village debts soar | South China Morning Post

After three decades of spectacular growth, Guangdong's boom town of Dongguan is on the brink of bankruptcy.

Up to 60 per cent of its villages are running up deficits and will soon need a bailout from the township, researchers at Sun Yat-sen University have discovered.

It is a dramatic turn of fortune for Dongguan - one of the richest cities in China - and could foreshadow a wider fiscal crisis as the country's economy cools.

Local government debt hit 10.7 trillion yuan (HK$13.16 trillion) nationwide at the end of 2010, equivalent to about 27 per cent of gross domestic product. Credit rating service Moody's estimates the actual figure could be about 14.2 trillion yuan.

[robot.sonic]

magkaka recession ba sa china? di ko maintindihan ang mga financial reports na to e.

[uls]

nope. by textbook definition of recession hindi sila mag recession

pero... sanay sila sa blazing hot GDP growth rate of 10% and higher

so slowing to 8% or 7% is painful to them

[Ry_Tower]

^ If trend continues until the yearend. Malamang. Dapa kasi last quarter bumawi sila due to higher exports for the holidays. Pero if anemic yung local consumption, problema talaga. Just my thought though.

[Ry_Tower]

Some more relatively bad news for China.

US expert sees fall of China | Inquirer Opinion

[uls]

Sept 29 - China Sept HSBC PMI = 47.9 (Aug = 47.6)

Oct 1 - China official PMI = 49.8 (August = 49.2)

below 50 = contraction

[roninblade]

Some more relatively bad news for China.

US expert sees fall of China | Inquirer Opinion

"The Chinese are autistic in dealing with foreigners, they have no sense of the 'other,'" he said. "They think they are incredibly brilliant strategists as if they have been conquering other nation, when, in fact, it’s been the other way around for 1,500 years."

[Ry_Tower]

Sept 29 - China Sept HSBC PMI = 47.9 (Aug = 47.6)

Oct 1 - China official PMI = 49.8 (August = 49.2)

below 50 = contraction

2 - 3 quarters of contraction then recession na right?

[niky]

China's fall is already in writing. Overspending on infrastructure and urban development. Decades old issues in agriculture. A slow global economy hurting the world's biggest exporter.

China doesn't have a robust enough domestic market to keep up with growth... and yes, the military posturing is going to hurt them.

Trade embargo with the Philippines? China won't mind.

Trade embargo with Japan? China won't mind too much.

Trade embargo with the Philippines, Japan, India, the US, Russia, etcetera? Yes... that will probably hurt.

[Monseratto]

2 - 3 quarters of contraction then recession na right?

3 quarters of negative growth equals recession...

[robot.sonic]

negative din ba ang effect sa atin pag nag recession sa china? para alam ko kung ano ang idadasal ko.

[uls]

again China is not falling into recession

their economy has slowed down lang. from double digit growth to single digit

[uls]

nevermind the PMI numbers. wanna know how China's doing? look at the price of iron ore

Iron ore price plummet brings trouble to Labrador Trough | Mining | News | Financial Post

With virtually no warning, the iron ore price fell off a cliff in August, plummeting about 30%. It was below US$85 a tonne by early September, compared with almost US$200 a tonne in 2010.

It was due to events in China, where iron ore demand vanished overnight as steelmakers went on a buyer’s strike and liquidated their inventories. This was the first major blow to the iron-ore market since the 2008 financial crisis, and it provided a hint of what a prolonged Chinese slowdown could mean for this sector.

[uls]

another sign of China slowdown

Macau Sept gambling revenue disappoints, reflects China slowing | Business | Reuters

HONG KONG (Reuters) - Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.

September's revenue at 23.87 billion patacas ($2.99 billion), announced by the Macau government on Thursday, was the second weakest revenue figure this year.

Analysts had forecast September growth in the tiny enclave on China's southern coast, to be up 15-17 percent, ahead of a national holiday week starting on October 1.

The Chinese economy's slowdown and increased political scrutiny due to an impending leadership change have taken their toll on the mainland's big-spending billionaire punters, pushing Macau's gambling revenue growth levels down substantially over the past five months.

[Ry_Tower]

More pressure form the US.

BBC News - Huawei and ZTE pose security threat, warns US panel

[uls]

kawawa China... all those dollars but can't buy US companies

[Helios]

malyosep, both giants have a stake in less than 300 countries between them. the grid spanning across asia to europe, the west definitely should be wary.

[hein]

malyosep, both giants have a stake in less than 300 countries between them. the grid spanning across asia to europe, the west definitely should be wary.

Since when did the Earth have 300 countries?

[slapz]

In less than 300 naman sabi nya.. ahaha!
Kaso ang layo, parang wala pang 200. :D