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rollo
Joined: 10 May 2006
Location: China
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 Posted: Fri Feb 04, 2011 6:11 pm Post subject: |
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| Well it is higher than 4% if housing was factored in and if the freeze on food prices were lifted. I do not believe the housing bubble is confined to the first tier cities. By runaway I mean that the government has done little to control it. In fact it looks like that they want the inflation to keep housing prices up. How long before the bubble pops is the question. Then what happen?" |
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Kuros
Joined: 27 Apr 2004
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| Posted: Fri Feb 04, 2011 9:27 pm Post subject: |
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| Menino80 wrote: |
| the housing bubble is constrained to only the first tier cities. |
Yeah, medieval China hasn't suffered from the bubble yet. |
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Menino80
Joined: 10 Jun 2007
Location: Hodor?
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| Posted: Sat Feb 05, 2011 5:55 am Post subject: |
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| Kuros wrote: |
| Menino80 wrote: |
| the housing bubble is constrained to only the first tier cities. |
Yeah, medieval China hasn't suffered from the bubble yet. |
Medieval China is about 85% of those 1.3 billion zhongguoren. |
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rollo
Joined: 10 May 2006
Location: China
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| Posted: Tue Feb 08, 2011 6:22 am Post subject: |
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| They upped bank rates today , thats the second rate hike in a month. Trying to slow inflation but it looks like housing prices will increase by 12% in the 70 largest cities this year. |
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caniff
Joined: 03 Feb 2004
Location: All over the map
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| Posted: Tue Feb 08, 2011 7:31 pm Post subject: |
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http://www.foreignpolicy.com/articles/2010/01/07/a_123_trillion_china_not_likely
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In his bombshell of a projection that China will produce $123 trillion in economic output by 2040, Robert Fogel conveniently dismisses any number of problems that threaten China's economic development, from environmental degradation to stalled political and economic reforms, by arguing that "Beijing has proven quite adept in tackling problems it has set out to address."
Past success is no guarantee of future results, and Fogel sets his entire analysis -- which implies an average annual growth rate of about 10.8 percent a year for more than 30 years -- on that shaky assumption, entirely overestimating the Chinese government's omniscience and its ability to overcome the country's enormous political, economic, and environmental challenges.
These problems on almost every level will prove far more threatening than Fogel suggests. First,.... |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Tue Feb 08, 2011 8:06 pm Post subject: |
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| That's a hell of an assumption (10% uninterrupted). The ecology of our planet could not sustain that level of output. |
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Menino80
Joined: 10 Jun 2007
Location: Hodor?
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| Posted: Tue Feb 08, 2011 8:24 pm Post subject: |
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| If China grew and consumed per unit of GDP on par with the US, we'd all be SOLzies |
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blobbo
Joined: 08 Feb 2011
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| Posted: Wed Feb 09, 2011 1:26 am Post subject: |
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I was listening to the BBC world service about how the 'American Dream Lifestyle' will be denied to the majority of ordinary, hard working Chinese people however rich China gets, because there isn't enough goods to cater for them and who is going to work those factories if the average Chinese person prospers? I have been to China once, wouldn't go back.  |
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hondaicivic
Joined: 01 Jul 2010
Location: Daegu, South Korea
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| Posted: Wed Feb 09, 2011 3:46 am Post subject: |
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| blobbo wrote: |
| I was listening to the BBC world service about how the 'American Dream Lifestyle' will be denied to the majority of ordinary, hard working Chinese people however rich China gets, because there isn't enough goods to cater for them and who is going to work those factories if the average Chinese person prospers? I have been to China once, wouldn't go back. |
Dick Cheney: "The American way of life is not negotiable"....
- The "American Dream Lifestyle" is impossible with 7 billion people on this planet and rising. |
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caniff
Joined: 03 Feb 2004
Location: All over the map
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mises
Joined: 05 Nov 2007
Location: retired
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rollo
Joined: 10 May 2006
Location: China
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| Posted: Mon Feb 14, 2011 2:53 pm Post subject: |
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The drought in Northwest China wiped out the winter wheat crop. food prices could jump 35% in June.
I seriously doubt a lot of china GDP numbers. ! |
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Kuros
Joined: 27 Apr 2004
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| Posted: Mon Feb 14, 2011 3:21 pm Post subject: |
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| rollo wrote: |
I seriously doubt a lot of china GDP numbers. ! |
Amen. But I also doubt US GDP numbers. |
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johgraker
Joined: 08 Sep 2010
Location: KOREA
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| Posted: Mon Feb 21, 2011 4:14 am Post subject: |
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| china will send over 2 million people into battle to fight the last great war |
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rollo
Joined: 10 May 2006
Location: China
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| Posted: Mon Feb 21, 2011 5:51 am Post subject: |
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Housing prices went up 46% in Beijing last year. The Bubble to end all bubbles is still growing.
the big news is that the head of China rail was arrested, seems that in the building of the hi-speed rail system he stole a lot of money but worse the tracks and bridges may not be safe since apparently no hardening agent was added to the concrete. This is a very serious issue because the hi-speed trains were the pride of China. This news is slowly leaking out into the Chinese blogosphere. Food prices jumped again. Discontent is growing. the poor are being devastated by inflation. |
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