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Q: China's foreign currency reserve falls below USD 3 trillion

http://www.reuters.com/article/us-china-economy-forex-reserves-idUSKBN15M0PH?il=0

 

USD 3 trillion foreign currency reserve is a watershed for China.  China's Foreign Debt if I remember correctly is about USD 2.8 billion, meaning the liquid cash for China is dangerously low.

 

Perverted capitalism has propelled China into an idle engine spin kind of economy. People madly into stock market and properties speculation, looking down upon academics, engineers, doctors, factory workers......etc. because these folks make mickey mouse income.  Real production and job opportunities fall. More and more are going to cry, "I can't find a job!"  

 

CCP shrewdly lets the property bubble goes on because that keeps the cash inside China, and through corruption digs deep, deep into this bubble (then run off to Canada / USA / Australia / New Zealand (these days, not Europe though, these creatures are anything but morons).  

 

After the stock market crash, I think the property market is next. When that happens, that is when shit really hits the fan.

 

I am betting 2017 is the year this will happen.  What do you think?

3 years 8 weeks ago in  Business & Jobs - China

 
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The real problem now is signing your name for anything over 10 thousand dollars sent out of the country for all the overseas students in western universities, if they stop the kids going overseas for education, many of them government officials and party connected, this could get  ugly in a hurry.

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3 years 7 weeks ago
 
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http://www.weeklystandard.com/article/2006660

 

many articles this week on the topic

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3 years 8 weeks ago
 
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Property market won't crash here. My Chinese wife says prices are coming down by 0.03 percent this year. Something ridiculous like that...

If you think the property market will crash this year what are you predicting? And how will it crash?

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3 years 8 weeks ago
 
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Governor

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The very fact that China hasn't diversified their economy and that real estate represents such a sizeable chunk of it makes the whole thing far worse than even Japan in the 90s or the US in '08.

 

LOL at anyone claiming that Shenzhen is the new Silicon Valley or that Shanghai is a world financial center, open your eyes people.

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3 years 7 weeks ago
 
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The real problem now is signing your name for anything over 10 thousand dollars sent out of the country for all the overseas students in western universities, if they stop the kids going overseas for education, many of them government officials and party connected, this could get  ugly in a hurry.

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3 years 7 weeks ago
 
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