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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Chispas who wrote (6976)2/5/2004 9:10:28 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Not sure on they execute this, short of a trainwreck?

China to decelerate overheated industries
english.people.com.cn

Vice-premier Zeng Peiyan plans to slow growth of some overheated industries including steel, aluminium and cement. "If it is not cooled, investment fever in some industries will heavily affect China's robust economic growth," said Zeng.

Vice-premier Zeng Peiyan plans to slow growth of some overheated industries including steel, aluminum and cement.

"If it is not cooled, investment fever in some industries will heavily affect China's robust economic growth," said Zeng.

Observers sent by the central government will monitor the sectors that were regarded as overheated since the middle of last year. He said the situation could have a serious economic impact at national conference on Feb 4th.

The readjustment is aimed at curbing excessive growth in the sectors, which puts a strain on transportation and power suppliers, driving up the prices of raw materials and damaging industries across the country.

"It's good news the government is committed to changing the negative trend," Zhang Jianyu, visiting scholar with Tsinghua University told China Daily.

Zhang said many of the projects rely on outdated technology and equipment, affecting the ability to control pollution.

The central government is getting more serious about developing the nation in line with a sustainable economic growth model, Zhang said.

Recently, the country's environmental watchdog, the State Environmental Protection Administration, is working together with the National Bureau of Statistics on an environmentally adjusted domestic product, or a green gross domestic product (GDP) system, that illustrates the interrelationship between the natural environment and the economy.

While conventional indicators of economic performance have failed to take into account the actual scarcity of natural resources, the new system will calculate environmental and economic factors.

According to Zhang, this approach, though long overdue, is expected to halt the current growth mentality which relies on excessive consumption of natural resources and causes serious environmental degradation.



To: Chispas who wrote (6976)2/5/2004 9:51:15 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 110194
 
Nice summary on China bubble. Thanks.



To: Chispas who wrote (6976)2/5/2004 2:09:46 PM
From: Behind Blue Eyes  Read Replies (1) | Respond to of 110194
 
Assuming this is the financial survival game ie this post is apolitical ... Don't forget to take into account his admitted bias..

Bush opposed Taiwan's plan to hold a referendum on removing Chinese missiles threatening the island -- which he implied would be a de facto vote on independence, although Taiwan denies that charge. American critics see Bush's stance as the ``appeasement of a dictatorship'' and a betrayal of our commitment to democracy. In that view, the United States is tilting toward China because of its preoccupation with Iraq and the need for China's support in dealing with North Korea's threat to go nuclear.

I share much of that sentiment.

mercurynews.com