<<very good points>> ... not really. actually, not at all.
<<Nine Perplexing Phenomena About China’s Economy By Wang Jingwen Epoch Times Staff>>
... i will comment as i go, and the title is a dead give-away of the rubbish within article.
.. checking on the epoch times and wang jingwen, by simple clicking en.wikipedia.org ... oops, falun dafa ... dead giveaway of rubbish by rubbish, chinese moonies
falun dafa en.wikipedia.org ... famous cult, and chief cultist li hongzhi
en.wikipedia.org
<<However, judging from what’s happening in the real estate market, stock market, financial and manufacturing sectors, many Chinese economists abroad believe China’s economy has fallen into a decline and will soon collapse, resulting in a subsequent collapse of its political system>>
... :0) too funny. Author cannot possibly define "many"
<<I would not venture to present a panoramic view of China’s economic situation>>
... of course not, because he cannot.
<<Instead, I will simply list nine visible phenomena in China’s economy, mostly paradoxical and unheard of in other economic systems, hoping to shed some light on an extremely complicated subject>>
... oh good, keeping it simple to discredit and trash. ought to be easy, as it is trash to begin with. Dear me, people actually make a living writing such rubbish. More amazing still, other people actually read it, and bother to post them.
<<No. 1: Soaring GDP vs. Plunging Stock Market>>
... stop right there. China's stock market capitalization is small and public engagement as a % of population and liquid savings is tiny. Its rise and fall is of no consequence. In fact, it can fall to zero and would not matter. End of that line of discussion.
<<Recently, the Chinese government announced that the nation’s GDP of the first three quarters of the year rose 9.9 percent—the lowest percentage increase of the past six years>>
... oh my, trouble ahead.
<<No. 2: Inefficiency vs. Fast Growth ...
<<most inefficient economy in terms of the rate of non-performing loans>>
... oh dear. NPL again, as in state function of channelling money from left to right pocket. It could end up as 100% NPL and it still would not matter, because it is a state function of budget allocation, and not a genuine loan.
<<No. 3: High Unemployment Rate vs. High GDP Growth
... more than half could not find a job within six months since graduation. 2007 grads face an even worse situation>>
... oh geepers, I guess the trend does not mattered than, as the trend from 1982 to 2008, but the datum is everything, as in 2006 to 2007.
<<No. 4: Luxury of Governmental Officials’ vs. Poor Living Conditions of Ordinary People>>
... is that different from everywhere else? nope?
... folks are revolting? again nope.
... folks are travelling, educating, and buying cars using gasoline? yeup.
... so i guess the point is then pointless, therefore fade.
<<No. 5: Currency Appreciation vs. Inflation
Ostensibly, the appreciation of China’s currency may lead to stronger purchasing power. But rapid inflation has made life increasingly difficult for the average Chinese family.>>
... author ought to make up his mind. Either folks are getting better off and wanting more ag produce (inflation), or getting worse of and not able to buy more ag produce (deflation, in his pitifully simple schema).
<<No. 6: Unaffordable Housing Prices vs. Panic Buying ...>>
Again, the author ought to make up his mind. Either folks are buying and driving up real estate prices or people are destitude and not buying real estate.
<<No. 7: World's Highest Deposit Rate and Corrupt Officials Grafting Money>>
... and that is different from London, NYC, Washington, or Taipei? Nope, I am guessing not. What was the point again? Oh, yes, in China some wrong doers get lined up and shot; elsewhere they testify on recommended solutions, get wealthier, and retire.
<<No. 8: Overheated Development vs. Stagnation ...>>
... am not sure what that bit of fluff was all about, other than the free market is at work, infrastructure and housing needs are being met, and manufacturing is evolving to higher value-add, none of which the author pays any attention to.
<<No. 9: Fast Economic Growth vs. Increasing Anti-Governmental Revolts>>
All true and so what? so what is different than elsewhere? and what is so bad about protests for it is a sign of a dynamic society, balancing all factors and taking care of the substantive / relevant portion of same.
<<Gloomy Winter Approaching>>
... for the rot represented by the author, the gloomy winter has been approaching, for 30 years, because they paid no attention to the 300 years long ice age that immediately preceeded 'approach of gloomy winter'.
<<The Chinese economy, facing a global financial crisis and domestic issues, is full of conflict and seems unable to move forward>>
... says who?
<<Many suggest that much could be improved if China decides to back the rural land reform. Intending to stimulate the domestic demand and ease the economic crisis, the reform would allow farmers to lease or trade their land-use rights, and in the process would mobilize 20 trillion yuan in rural house and land assets. But so far the government has postponed the idea.>>
... I am guessing that the author (i) cannot read, (ii) does not read, (iii) cannot write truthfully, and (iv) does not matter in any circle and is of no consequence in any square.
<<What is the solution to fixing China’s economy? There is of course no easy answer>>
... fixing what? what is broken? oh, yes, california is broke.
<<Faced with a sluggish housing and stock market>>
... why fix cycles?
<<... severe problems in the financial and manufacturing sectors>>
... not so severe as when compared to anywhere else
<<dwindling resources>>
... that applies to the world, not just china. does the author live on another planet perhaps?
<<plus increasing environmental pollution>>
... that applies to the world, also.
<<... and inflation>>
... what inflation? oil, gas, iron, shipping, food, real estate, ... ? nope, i guess not. what is the problem again?
<<China’s economy faces a host of formidable challenges>>
... necessary to define formidable.
<<Add to this a government focused more on its own greed than the prosperity of the people, and the future of the Chinese economy becomes one of little hope. Once known as an economic miracle, China now heads for an economic catastrophe>>
... define catastrophe ... if as 8% gdp growth, ok, else author should get into another line of work, say re-building the california interstate.
i wonder why zeus bothered to read such rubbish, and even more puzzling, why he bothered to post it?
gad, i cannot believe i just read all that and bothered to. i feel icky. |
