"How China fooled the world" debt 200% of GDP

Thrugelmir

masterwilde wrote: »

China if it so wished could crash the US economy any day it wanted by crushing the Dollar and recalling its full debt that the USA has failed to pay back multiple times.

US economy is primarily self sufficient not reliant on imports to survive. If the US defaulted on its Treasury debt where would that leave the Chinese.?

Thrugelmir

TickersPlaysPop wrote: »

Also when I read that a Chinese company purchased a water utility company here in the UK it made me shudder.

The Chinese have been "buying" for decades. My late father worked for a Mayalasian rubber plantation company (listed in London). Chinese bought it in the 60's. Totally different view of investing to the Western world. Buy and hold. No selling out.

CLAPTON

TickersPlaysPop wrote: »

Also when I read that a Chinese company purchased a water utility company here in the UK it made me shudder.

are they planning to steal our water?

TickersPlaysPop

An update from people would be great considering recent events in Hong Kong.

It's now up to 250% ........ Its not the amount that is of major concern, but the very rapid increase...

“Our analysis suggests that countries that see increases in debt-to-GDP of more than 30 percent in a decade -- it’s often a warning sign,” said Mark Williams, Asia economist for Capital Economics. “China’s has grown 70 percent in five years.”

http://www.ibtimes.com/chinas-debt-250-gdp-rising-flashes-warning-signs-1635742

Thurgelmir has already posted the above back in July 2014. Must concerning was the reported bond failure. I wonder if there have been more since July 2014?

I'm fresh back from Beijing where a work trip showed me some of the capital and realities of living there. It is far from cosmopolitan but structurally looks just like any other capital city around the world. Most interesting for me was the Metro, where EVERY bag must be scanned in a X Ray scanner and no bottles of liquids are allowed. A few weeks before my arrival it was reported that there was a terrorist attack on the metro.

Terrorism is a concern in China, with reports in media of the Islamic threat from a region that is mainly Islamic... in fact one of the pilots of the missing plane was Islamist.... the Chinese authorities were the ones that finger pointed the search to the south near Australia.... It makes me wonder if the plane was a 911 style attack and they shot it down. So watch this space for more terror attacks in China... which will be covered up as much as possible. China is a revolution waiting to happen which almost happened in 2008 when sparks of civil unrest happened demand for manufacturing plumpted and the government switched to borrowing loads and building loads to calm the nation and keep them all working.

The recent Hong Kong protests are a special case, but shows that the public are not happy, and the government wants to stop it spreading.

Facebook Twitter, gmail all don't work in China... It was a nightmare!

Thrugelmir

TickersPlaysPop wrote: »

Facebook Twitter, gmail all don't work in China... It was a nightmare!

That's called censorship.

IronWolf

Can u not just use a proxy server?

padington

IronWolf wrote: »

Can u not just use a proxy server?

You probably can but you'll always be fearing that knock on the door. The guy with shopping bags in front of the tanks has never been seen again ...

cells

Thrugelmir wrote: »

US economy is primarily self sufficient not reliant on imports to survive. If the US defaulted on its Treasury debt where would that leave the Chinese.?

With an economy in excess of $10T and expected to be circa $20T by the end of the decade it would leave them sitting comfortably thabk you v much

cells

Most debt it secured on homes. China has built just in the last 12 months more homes than exist in the whole uk.

build 40m homes a year and put a mortgage of $50k on each and thats $2T just there in one year.

TickersPlaysPop

Please can you let us know where you got this info from?