Author: desperado123

A disaster ahead as warning signs piling up in China?   [Copy link] 中文

Post time 2011-12-18 04:14:38 |Display all floors
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Post time 2011-12-18 05:19:31 |Display all floors
China's command-economy behaves different to American or West European economies.
Let the dice fly high

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Post time 2011-12-18 10:06:14 |Display all floors
This post was edited by SMITHI at 2011-12-18 10:09
Everynowhere Post time: 2011-12-18 00:04
To assess this issue properly, we first need to define what "having bigger woes" means and what the  ...

If we talk about the financial woes of governments, it is easily appearant that the EU governments currently face much bigger problems than the Chinese government. I mean, the Chinese government is not democratically elected and doesn't have to worry about media reporting bad things, so it can actually do whatever it want - like printing money, increasing government spending and so on. Thus, any concerns that the Chinese government could go bankrupt are groundless.


That is not true at all.
American govermant is famous in printing money business and same very govermant didn't ask people approval for printing money.

btw Money that is used for corporate wellfare not people.

So when we look at reality at somebody deeds rather than empty rhetoric about democracy and freedom than China measure much higher on democratic scale.

But we don't use facts , do we?

we use foxz news propaganda rather , no?
I think every sane person would say Chinese are more responsible with money in comparison with reckless American spending and printing of money , Chinese do not run deficit , Chinese have 3 trillion surplus in foreign currency reserves.

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Post time 2011-12-18 11:23:57 |Display all floors
expatter Post time: 2011-12-17 21:12
Cool ........

Out of interest have you got the ratios for;

New York 6.1
London 7.9

2010 figures
source  page 14 demographia.com/dhi.pdf
(beast ex machina)

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Post time 2011-12-18 14:22:44 |Display all floors
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Post time 2011-12-19 10:02:31 |Display all floors
desperado123 Post time: 2011-12-17 13:09
suppose the mainland would follow HK's step.

Mainland China cannot follow Hong Kong's footsteps.

TERRITORY is vast in China, not limited like in Hong Kong, Singapore or Japan.
Real Estate developers will develop property that's affordable to the citizens.
Citizen pressure will forced LOCAL GOVERNMENT to rezone cheaper land areas to make property affordable.

However if LOCAL GOVERNMENT and REAL ESTATE DEVELOPERS collaborates, then we have a situation that encourages PROPERTY BUBBLES.

China has a lot more OPTIONS than Hong Kong, Singapore or Japan-Korea.
It's has VAST RESOURCES, it has VAST MANPOWER, it is a VAST LAND.

China can increase credit by STATE MINT, local government or Revenue Merchant mint and MORTGAGE-Consumer Spending is only the third option. China has a fourth mint - this is the vast cheap electricity, vast resources, cheap manpower to earn a FOREX MINT.

Alas, Hong Kong, Singapore, Japan or Korea JUST DO NOT HAVE SUCH luxuries!

Cheerios!

Green DRagon
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Post time 2011-12-19 10:04:50 |Display all floors
Land shortage in China is artificial.

It's created by LAND ZONING laws.
There is no shortage of cheap land, and thus no shortage of affordable homes.
It's up to the LEADERS of China, in the various provinces to decide what form of "manipulation" they want.

If they need help, CONSULTANTS from more advance regions will be helpful.
(for example, you can hire me - and I can give some pointers!)

ha ha ha

cheerios!

Green DRagon
Game Grandmaster

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