ITS OFFICIAL: China world's 2nd largest economy!

**vinrem** · July 30th, 2010 09:50 PM

Originally Posted by tidus1203

Maskin sa Shanghai and Beijing dami ng mga high class... Ayaw nila ng China japeyks gusto nila the real Rolex, the real Chanel, the real iPad...

Yeah, while the foreigners likes to buy the japeks hahahaha

**Monseratto** · July 30th, 2010 10:16 PM

China growth in the past months is due to goverment stimulus, telling every chinese to buy appliances. The goverment subsidizing those purchases.

**tidus1203** · July 30th, 2010 11:23 PM

Well everyone is on stimulus even Japan and the US more so... If they don't stimulate their respective countries Japan might even go negative and the US will also be negative...

**Monseratto** · July 31st, 2010 12:10 AM

Yeah, everyone is on stimulus. Unfortunately, some of them are just digging themselves deeper into debt. Just hoping China's growth won't turn to a bubble like what happened in other countries.

**tidus1203** · July 31st, 2010 12:13 AM

The good thing with their government is they realize there is a bubble in the housing market there and they are trying everything to slow it down. Raise interest rates, restricting lending, increasing bank reserve requirements... And yes even taxing very high houses not used as the primary residence... Thus penalizing speculators in the market...

I don't think its a bubble anymore. Their growth has been consistent year on year and wala namang major increase from the norms. I guess 9% growth is considered normal over there.

**CVT** · July 31st, 2010 11:38 PM

Nagpipigil pa ang lagay na iyan....

10.4K:shazam:

**marg** · July 31st, 2010 11:42 PM

"Let China sleep for when she awakes, she will shake the world"

Napoleon Bonaparte.

**CVT** · August 2nd, 2010 08:17 AM

Originally Posted by marg

"Let China sleep for when she awakes, she will shake the world"

Napoleon Bonaparte.

Walandyo,- nakasulat pala iyan....

Basa!...

10.5K:band:

**rockiee_s** · August 3rd, 2010 02:00 PM

tidus, are u serious in buying RMB?

i will be in manila next next week and can bring RMBs if u really like.

PM me how much you would be needing......