01 Mar 10
1 edit
Originally posted by zeeblebotIn the interests of sparking a debate, I just wish to say that I am staunchly against China crashing within a year.
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7339669/China-risking-property-bubble-with-prices-rising-20pc-a-month.html
01 Mar 10
Originally posted by zeeblebotThis crisis wil come eventually. But this will only be a temporarey set-back.
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7339669/China-risking-property-bubble-with-prices-rising-20pc-a-month.html
China is coming, strong. The day will come when China is the global financial engine. When Chinese will be the world language #1.
The interest in Sweden of learning Chinese is going up. Those who do will have an enormous advantage in the coming future in their professional life.
01 Mar 10
overheated regions are usually an issue in most countries at some point, but beijing can still prevent prolonged overheating and let the economy cool in a controlled manner. They would be wise not to let the speculative bubble become a disaster that they become infamous for. Growth will help them but they should not overhead and ruin an otherwise well-running engine.
01 Mar 10
Originally posted by zeeblebotProfessor Cao Jianhai at the Chinese Academy of Social
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7339669/China-risking-property-bubble-with-prices-rising-20pc-a-month.html
Sciences, a government think tank, believes the crash could
come within the year and when it does, it will badly expose
China's banks who have lent huge amounts of money to
businesses who have invested not in core-activities, but in
taking quick property profits.
"It's like injecting pork with water, falsely plumping up the
market. A huge proportion of the current buying is speculative
and totally unsustainable," said Professor Cao who is known
as one of the "three swordsmen" of the Chinese property
market because of his influence as an official economist.
...
So, nothing new: greed and lack of regulation once again to blame.
Viva la laissez-faire.
01 Mar 10
2 edits
Originally posted by SeitseYou suck it so gullibily, every time anything goes wrong there's some busybody claiming more regulation is the cure to all problems. China is no example of a free market, if anything it is yet another example of guvamint interference fueling boom and bust cycles, the more they try to correct it the bigger the boom.
Wouldn't you say that is precisely the problem?
I mean, where have I heard before about irresponsible
borrowing and lending by the banks? After all, some are
too big to fail. Right?
boom - as in kaaaaablooooey
01 Mar 10
Originally posted by FabianFnasWith property prices rising so fast, the question is not if, but when the crash will come. But I agree with you, China has a fairly small GDP per capita, so long-term you would think it still should show considerable growth. I expect the next financial world crisis to be about the Chinese property/stock market bubble and Japan's rising debt, though.
This crisis wil come eventually. But this will only be a temporarey set-back.
China is coming, strong. The day will come when China is the global financial engine. When Chinese will be the world language #1.
The interest in Sweden of learning Chinese is going up. Those who do will have an enormous advantage in the coming future in their professional life.
I disagree about Chinese becoming the world's dominant language. English is already estalished as the world's lingua franca, particularly in science. The Chinese are already learning English (poorly, but they are doing it).
01 Mar 10
Originally posted by KazetNagorraAbout the language issue...
With property prices rising so fast, the question is not if, but when the crash will come. But I agree with you, China has a fairly small GDP per capita, so long-term you would think it still should show considerable growth. I expect the next financial world crisis to be about the Chinese property/stock market bubble and Japan's rising debt, though.
...[text shortened]... cularly in science. The Chinese are already learning English (poorly, but they are doing it).
China is growing in the scientific area. As Japan has already have been doing. The difference between Japan and China is that China is expansionistic, Japan is not. China is learning English now, more than ever, yes. But when China comes with scientific results that are superiour to the Western World, then why would they translate it into English?
The Chinese market is boosting. Whoever is fluent in Chinese will be prioritized partners. USA has a reputation to be a country of monoglots. It's not possible to trade with USA without any knowledge in English. This is the future with the trade with China.
We are not talking about years here, not even tens of years. But in the lifespan of the children that is born today. They will experience my prophecy. They will be the winners or the losers depending on the forthcoming choice of language as their third language. Their children in turn, perhaps as the second language. Che vivrà, vedrà.
01 Mar 10
china has achieved a lot of scientific advances earlier than they were claimed to be discovered by the west. the WWW, autotranslation, and even the opening of China's borders have only very recently come into play. why would the rest of the world expect to be conversant with discoveries reported in Chinese? especially only in hardcopy, behind closed borders?
chinese engineers are very good, and work cheap.
i don't think all this will translate into catching up that soon, esp if we don't stand still. could be wrong, tho. 10-20 years from now they may be ahead of the rest of us.