Chinas Economy Is Tanking Now

In search of truth, the mysterious, and bizarre. Gary rules here.
Forum rules
Civil discussion appreciated. No Spam...
User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Chinas Economy Is Tanking Now

Post: # 20287Unread post Gary Oak
Fri Nov 02, 2012 6:17 pm

I have heard about how China's economy is tanking right now. Here are some of the details


Chinese Financial System on the Brink of Collapse
Nouriel Roubini said some time ago that 30% of Chinese bank loans will become non-performing, which will shake the foundation of the banking system in China. Well, it seems that he knew what he was saying, unfortunately. According to a report by PriceWaterhouseCoopers cited by ZeroHedge, matured and overdue loans reached 489 billion yuan ($77.6 billion) at the end of the second quarter of this year.

At the end of 2011, these loans, likely to become overdue, was only 112.9 billion yuan ($17.8 billion), which means that in just six months, the amount of overdue loans increased by 333%. These loans can not yet be declared bad because the definition of bad loans takes into account credit and interest overdue for more than 90 days and/or where judicial proceedings have been initiated against the operation or the debtor.

Even if they can not be considered non-performing loans (NPL), the enormous growth of these loans is dangerous because it is the first and biggest sign that China



User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 20288Unread post Blue Frost
Fri Nov 02, 2012 6:19 pm

Good thing they have us paying them interest for the next 1000 years :wacko:
We fall, and Europe, China follows sometime since people have to buy less just to feed themselves.

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Run On China Bank

Post: # 77892Unread post Gary Oak
Tue Mar 25, 2014 11:04 pm

If this is happening at one bank then....how many banks also are having this problem that they have successfully kept under wraps ?


http://ca.finance.yahoo.com/news/chinas ... 51091.html

User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 77897Unread post Blue Frost
Tue Mar 25, 2014 11:08 pm

China's business sectors have hit a wall, and growth is stalling fast.
They have been moving the last few weeks to prop it up, and it has to make some cautious about where to put the money.

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Beijing rejects IMF's hard-landing warning for China's econo

Post: # 79424Unread post Gary Oak
Sat Apr 12, 2014 6:12 pm

I have heard that China's internal market will bring it through most problems but I also have heard that China's economy is teetering and has been for some time now. Will it finally crash ? I do suspect that China's pushing for war with other nations like Japan and The Philippines is to distract their population from the looming financial disaster.


Beijing rejects IMF's hard-landing warning for China's economy

By David Brunnstrom

WASHINGTON (Reuters) - A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China's economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk.

Chinese Vice Finance Minister Zhu Guangyao said China worked closely with the IMF but did not agree with all of its analysis.

"In general, we think they are a very professional financial institution, but some of the methodology used and some traditional thinking, they also need reform," he told a small group of Western journalists on the sidelines of the IMF and World Bank spring meetings in Washington.

"We hope that their analysis and methodology can really reflect a country's reality," he said. "We said not just to the IMF, but also to the World Bank, that not one size fits all. If your policy suggestion is (to be) a valuable suggestion, you must base it on reality."

IMF Managing Director Christine Lagarde warned of the risk of what she termed a "hard landing" in China, the world's second-largest economy, and negative repercussions on other emerging markets in her Global Policy Agenda released at the start of the meetings in Washington on Thursday.

While her report said the risk was small, it urged China to rein in risks in its shadow banking system and liberalize its financial sector to improve the allocation of credit.

Zhu said Chinese President Xi Jinping had publicly recognized that China faced a challenge over the issue of shadow banks.

"We are beginning to take action, including strengthening management, monitoring and supervision," he said, adding that he believed China had handled the situation well, having drawn lessons from the 2008 collapse of Lehman Brothers.

"Compared with how the U.S. and the Europeans handled Lehman Brothers and the sovereign debt issue, we think that China is the most successful - so far!" he said.

'PICTURE IS VERY CLEAR'

Zhu said state-owned investment companies known as local-government financing vehicles were already nationally audited to clarify what was government debt and what was government-guaranteed debt.

"The picture is very clear," he said. "Now we are facing the challenge, strengthening the management on the local government financing vehicle issue."

Zhu echoed other policymakers in describing a recent decline in the Chinese yuan, or renminbi, against the dollar as a result of market forces and said it was not a one-way phenomenon.

"We hope that with the change of supply and demand, the renminbi exchange rate can fluctuate up or down," he said.

The weakening of the yuan prompted worries in Washington that China's resolve to let market forces guide its currency was weakening.

In her report, Lagarde offered a different view. "I took the recent increase of the band of the renminbi as the move in the direction of internationalization. I won't characterize it as an intended depreciation of the currency," she said.

Overall, Lagarde's report urged countries to do more to boost growth.

Beijing's economy has been slowing, but it has been at pains to play down market speculation that it might launch a large stimulus package, saying instead that it would fine-tune policies to ensure unemployment did not rise.

On Thursday, Yi Gang, a vice governor of the People's Bank of China, said in Washington that China's government and central bank should be "very cautious" in implementing any stimulus programs because they tended to be less efficient than natural market forces in boosting growth.

Zhu said China had recognized the need to change the speed of growth and added that a four-trillion-yuan stimulus package launched in 2008 had worsened the country's environmental problems, which needed to be dealt with.

He said that after the years of fast growth, key priorities were to create jobs and improve living conditions. He said the government was addressing such issues by providing tax relief for small business and investing in housing and rural railways.

Zhu rejected the views of some analysts who link a government anti-corruption drive with the economic slowdown.

"We think anti-corruption is a very important job," he said. It's a fundamental principle for any government that it must be a clean government. They must serve the people."

(Reporting by David Brunnstrom; Editing by Paul Simao)

User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 79437Unread post Blue Frost
Sat Apr 12, 2014 7:32 pm

Slumping sales, and all to do with aggression in that area of the world, this was seen years ago.

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Chinas Coming Credit Crash

Post: # 84549Unread post Gary Oak
Sat Jul 19, 2014 12:25 pm


User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Re: Chinas Economy Is Tanking Now

Post: # 84844Unread post Gary Oak
Fri Jul 25, 2014 7:25 am

I do wonder if these disputes with China's neighours is an attempt to keep the populations mind off of CHina's financial woes and so if thngs get too dire a war may be needed to further keep the countries populace from getting to out of control.

https://ca.finance.yahoo.com/news/china ... 56962.html

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Chinese Economy in Free Fall

Post: # 99002Unread post Gary Oak
Mon Apr 06, 2015 8:09 pm

http://viewsandpreviews.com/chinese-eco ... free-fall/

Chinese Economy in Free Fall

Chinese economy is in a state of perpetual free fall since the mid 1990s. It has to be. From the most respected economist, experts, analysts, and seasoned columnist to the senior treasury and FED officials, all have been predicting the

User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 99003Unread post Blue Frost
Mon Apr 06, 2015 8:14 pm

the 2008 crises here was sure to catch up in China sometime, it hit my Asian pacific rim stocks hard back then, and china kept buying, and building when they should have pulled back.
They also bought major amounts of gold betting against the dollar, gold went down so they lost on the deal.
the Military buildup, and expansionism cost also, they are not going to get returns on that anytime soon.
It all catches up.

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

China markets plunge in record turnover

Post: # 102641Unread post Gary Oak
Sat May 30, 2015 8:00 am

https://ca.finance.yahoo.com/news/china ... ector.html



China markets plunge in record turnover as margin traders take fright
Reuters
By By Pete Sweeney and Samuel Shen

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

China's Stock Market About To Collapse

Post: # 104514Unread post Gary Oak
Wed Jun 24, 2015 2:09 pm

I have heard that in the last few days China's stock market has comeback a fair bit. I do believe that when a countries population is mostly corrupt that that nation will naturally gravitate towards being a basket case third world country. Chinese do well when they are the minority living in a country whose sense of fairplay and decency are good.

http://www.hangthebankers.com/chinas-st ... -collapse/

China

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Chinas Stocks Are Tumbling Again

Post: # 105189Unread post Gary Oak
Thu Jul 02, 2015 3:10 pm

Chinese stocks tumble again, ignoring Beijing's blandishments
Reuters
By By Pete Sweeney

User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 105193Unread post Blue Frost
Thu Jul 02, 2015 4:48 pm

I can't say I don't care, it affects the world economy, and my stocks.
It serves China right though, maybe they will scrap some plans of annexing places which isn't theirs for a while..

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

China's Stock Markets Face Make Or Break Week.

Post: # 105477Unread post Gary Oak
Sun Jul 05, 2015 1:44 pm

By Pete Sweeney and Samuel Shen
BEIJING/SHANGHAI (Reuters) - China's stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world's second-largest economy.
The government is anxiously awaiting the market opening on Monday to see if the new measures will halt a 30 percent plunge in the last three weeks, or if panicky investors who borrowed heavily to speculate on stocks will continue to sell.
In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company which in turn would be aided by a direct line of liquidity from the central bank.
China has also orchestrated a halt to new share issues, with dozens of firms scrapping their IPO plans in separate but similarly worded statements over the weekend, in a tactic authorities have used before to support markets.
"After the 28 companies suspended their IPOs, there will be no new IPOs in the near term," the China Securities Regulatory Commission (CSRC) said in a statement on Sunday night.
An online survey by fund distributor eastmoney.com over the weekend, which polled over 100,000 individuals, said investors believed stock indexes would rise more than 5 percent on Monday. But many of those polled didn't think the bounce will last long.
"You're going to need the central bank to open the floodgates to take us back to 4,500 points in Shanghai," said an investment manager in Shanghai.
The Shanghai Composite Index was last at 4,500 on June 25, and is now trading 22 percent lower. [.SS]
China stocks had more than doubled in just 12 months even as the economy cooled and company earnings weakened, resulting in a market that even China's inherently bullish securities regulators eventually admitted had become too frothy.
But the slide that began in mid-June, which the CSRC initially tried to downplay as a "healthy" correction after the fast run-up, has quickly shown signs of getting out of hand.
A surprise interest-rate cut by the central bank last week, relaxations in margin trading and other "stability measures" did little to calm investors, who sent shares down another 12 percent in the last week alone.
China's top leaders, who are already struggling to avert a sharper economic slowdown, seem to be losing patience.
FLURRY OF STEPS
Earlier, in a series of initial announcements on Saturday, China's top brokerages pledged to collectively buy at least 120 billion yuan ($19.3 billion) of shares to help steady the market, and would not sell holdings as long as the Shanghai Composite Index remained below 4,500.
The China Mutual Fund Association said 25 fund companies also pledged on Saturday to buy shares. Another 69 fund firms said on Sunday they would do the same.
In addition, 28 companies that had been approved to launch IPOs all announced they had suspended their plans.
The u-turn is consistent with past IPO freezes in China when share markets were falling sharply, though they are usually spun as spontaneous company decisions, not as government directives.
Respondents to the eastmoney.com survey thought news of an IPO slowdown or freeze would be the most welcomed on Monday.
On Sunday, China state-owned investment company Central Huijin said it had recently been buying exchange-traded funds and would continue to do so.
The combined effect of the policies is to signal to China's army of retail investors, who conduct around 85 percent of share transactions, that the government is now standing behind the stock market. But it is unclear whether even this will be enough to put a floor under prices or revive the rally.
Li Feng, a trader at Fortune Securities, said the amount of money that brokerages and fund managers vowed to put into the stock market was tiny compared with the size of leveraged positions still waiting to be unwound.
Some analysts suggest total margin lending, both formal and informal, could add up to around 4 trillion yuan.
Samuel Chien, partner of Shanghai-based hedge fund BoomTrend Investment Management Co, said he was ready to pile into blue-chip stocks, betting the new steps would trigger a rebound.
"Main indexes will rise. For the Shanghai Composite, the area below 4,500 is relatively safe now," Chien said. "I have ample cash at hand, and surely will buy stocks this week."
But people like Shao Qinglong, a public service worker who has already lost over a quarter of his capital investing in stocks, told Reuters all he is waiting for is for the market to recover enough for him to break even.
"I didn't sell at the peak because people all say the market will rise beyond 6,000 points," Shao said. "I'm now waiting for the market to rebound so that I can get out."
(Additional Reporting by Adam Rose; Editing by Kazunori Takada)

User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 105480Unread post Blue Frost
Sun Jul 05, 2015 2:36 pm

China let out some funds to try to stop it the last few days, but maybe not enough.


User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 105722Unread post Blue Frost
Wed Jul 08, 2015 5:02 pm

Ours is on shaky ground here, but all they show is smooth sailing in the media.
I have stocks, and see it in every report I get.

User avatar
Gary Oak
VIP Member
VIP Member
Posts: 6761
Joined: Mon Jun 25, 2012 5:32 pm

Re: Chinas Economy Is Tanking Now

Post: # 106801Unread post Gary Oak
Thu Jul 23, 2015 8:12 pm


User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 89002
Joined: Mon May 14, 2012 1:01 am
Location: Yodenheim

Re: Chinas Economy Is Tanking Now

Post: # 106802Unread post Blue Frost
Thu Jul 23, 2015 8:15 pm

If not made in China some parts likely is. :kez:
Why we keep funding people who hate us i really have issues with. If not cheep goods worse it's oil. :kez:
Even if the people don't hate us the government is unfriendly.

Quick Reply


This question is a means of preventing automated form submissions by spambots.
   
Post Reply