2 replies to this topic

[*JB*]

The massive "boom" in China has most of the media agast at the reported huge rates of growth -- and offering predictions for a world economic take over -- however....

From WSJ -- (Snip)

""Yet it's just as easy to uncover bad news. Sixteen of the world's 20 most polluted cities are in China. And even if the country survives an environmental catastrophe (750,000 die each year from pollution..JB), say the pessimists, it will be hit by an economic one: 70% of its publicly traded companies are worthless, according to a high-ranking Chinese government official (speaking earlier this year). It has also been estimated that the banking system is carrying close to $1 trillion in bad loans. China's premier, Wen Jiabo, has even admitted that the economy is "unstable, unbalanced, uncoordinated, and unstable."""

rest at http://www.opinionjo...a/?id=110010348

Just something to think about.

[Russ]

With 1.3 billion people if only 1% are bad then that is 13 million people. That would explain the fake tooth paste with toxins and recently a company caught using cardboard as a filler for dumplings. And add an emerging economy with a corrupt and inept government..it all equals big trouble. People in Singapore refer to China as a black hole..it has an almost unfillable demand for resources.

[linrom1]

The massive "boom" in China has most of the media agast at the reported huge rates of growth -- and offering predictions for a world economic take over -- however....

From WSJ -- (Snip)

""Yet it's just as easy to uncover bad news. Sixteen of the world's 20 most polluted cities are in China. And even if the country survives an environmental catastrophe (750,000 die each year from pollution..JB), say the pessimists, it will be hit by an economic one: 70% of its publicly traded companies are worthless, according to a high-ranking Chinese government official (speaking earlier this year). It has also been estimated that the banking system is carrying close to $1 trillion in bad loans. China's premier, Wen Jiabo, has even admitted that the economy is "unstable, unbalanced, uncoordinated, and unstable."""

rest at http://www.opinionjo...a/?id=110010348

Just something to think about.

You are not going to read anything meaningful in WSJ about China. WSJ target audience is bullish on China. Most large corporations are either eying China as a source of cheap imports they can resell at obscene profits, or nsatiable market for their exports--- Mr. Walton meet Mr. Sergei Brin. Or meet Jimmy Rogers who still hasn't learned how to stop deceiving everyone whether its stocks, commodities or China.

Most US corporations like Chinese tycoons exploit current situation to their advantage. The fact that China is going to bury itself under a foot of soot or devour every single endangered species is of no current relevance to them.

Don't look to China to solve its own problems or find cure for cancer, but you should not have any problems finding "bears claws", viewed as potent aphrodisiac, in any Chinese eatery.

Edited by linrom1, 18 July 2007 - 08:20 AM.