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Sign up with Google Sign up with FacebookQ: Is China's insistence that it's economy is not in trouble reassuring?
I don't know about reassuring, a more apt question would be is it believable. Everything I have read this year about China's economy suggests the rest of the world is just waitng for the bubble to burst. We have a property market that seems to make no sense whatsoever, an export market that is rapidly slowing, foreign companies either placing their orders with lower labour cost countries or leaving China altogether and a domestic market not sufficiently developed to take up the slack when they go.
Is it reassuring, no. Is it believable, no. China is trying to save face again by not admitting there is a problem here. When it does implode I think they will wish they had been a little more honest in what they told the people to start with. There are going to be a lot of people here seriously pissed because the government will not be able to supply what was promised. Of course it will all be the fault of those terrible foreigners.
I warned everyone before it finally went public to the eye two years ago on this forum and was thumbs downed one hundred fold. It will burst in another year but the downward slide will be progressive throughout 2014, Could be why they made happy endings legal, every little bit helps
I just read this one http://chinadailymail.com/2013/07/02/china-plays-down-economic-turmoil/
When you think about it, a trillion yuan is not a lot in China. Despite this article saying there is liquidity, some trillions will not last long if people don't spend their savings on domestic products.
The reassurance means nothing. I am sure the government is doing all it can, but not sure they know how, thinking of the past years attempts in controlling the property market.
No trav! Words alone doesn't make it assuring. Words or people saying something can bring it to a certain point, but that's all. I would need to see it actually happen for myself to be reassured!
He he, I said: "happen"!
Traveler:
I'm guessing you have happy endings every time you write a post