[Tradewinds]

Originally Posted by pa18 »

I read something like this a few of days ago.

Cloud over city as elite flee debt - The Standard

And this is just one town out of the thousands there.

From that article, and what little exposure I've had to things that go on in China, I get the impression that there is a subculture of a "Gold Rush", "Lawless", "Wild West" mentality of many people in China trying to get rich through manufacturing cheap goods, and all sorts of business ventures. The article speaks of people who borrowed large at huge interest rates, and then of people committing suicide and leaving town quickly. The implication is, that the normal failure rates that apply to any new venture are starting to "kick in", and business ventures are collapsing in China.

Interestingly, it probably never crossed my mind that business failures would affect China. With all the hype about China's GDP, and growth and success, I just blindly thought of China as an incredible success story without giving it a second thought.

[pa18]

Lack of freedom of expression, censorship coupled with being a proud nation, I try to be optimistic and believe the success but ... well who really really knows what goes on in the background.

not really an educated opinion but I think its healthy to look at a different angle

[Xiao si]

Lets not forget that China is a huge country. This is demographics in motion on steriods.

One small thing here can snowball quickly.

China's existing and developing middle class will be the consumer that will bring the world out of recession. We should be working with this country, not against them.

XS

[Xiao si]

Originally Posted by pa18 »

Lack of freedom of expression, censorship coupled with being a proud nation, I try to be optimistic and believe the success but ... well who really really knows what goes on in the background.

not really an educated opinion but I think its healthy to look at a different angle

There is plenty of freedom of expression here mate, yeah some censorship and that's a pain sometimes...but how else do you suggest to keep 1,300,000,000+ people in line?

XS

[Tams]

China sees Wenzhou lending crisis snowball

China sees Wenzhou lending crisis snowball - Caixin Online - MarketWatch