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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Arran Yuan who wrote (119111)	5/14/2016 11:48:43 PM
From: Elroy Jetson	1 Recommendation Recommended By Arran Yuan Read Replies (1) \| Respond to of 217711

Indeed. 2008 was instead the beginning of the "new cities" mania.

To: Arran Yuan who wrote (119111)	5/16/2016 3:48:17 AM
From: Snowshoe	1 Recommendation Recommended By dvdw© Read Replies (1) \| Respond to of 217711

The boss is worried about soaring debt... Xi Jinping’s supply-side plan now the genuine article of economic reform for China scmp.com On Monday, the mouthpiece controlled by the Communist Party’s Central Committee carried a long question and answer “interview” with an unnamed “authoritative” source, repudiating the country’s debt-fuelled growth policies. On Tuesday, it published the text of a long speech by President Xi Jinping expounding his hallmark economic policy which focused on supply-side structural reforms – 20,000 words in all that occupied two pages in the newspaper. Xi gave the speech to top Chinese officials back in January, but the timing of the publication sent an unmistakable message. Taken together, the articles signal that Xi has decided to take the driver’s seat to steer China’s economy at a time when there are intense internal debates among officials over its overall direction – namely whether to continue to resort to the old ways of deploying massive stimulus resulting in overproduction and high debt levels, or to undertake painful restructuring to reduce overcapacity and close down “zombie” enterprises. The Monday interview was particularly pointed as it urged officials to dispense with the fantasy of stimulating the economy through monetary easing and warned that the country’s soaring debt levels could lead to “systemic financial risks” and negative growth. This largely repudiated what Premier Li Keqiang and his cabinet have been doing over the past two years – using high leverage to boost the real estate and stock markets to support economic growth.