tag:blogger.com,1999:blog-3758330678390419129.post5658702689859454191..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: More Proof of Economic Madness in China: China Public Debt is 80% of GDP, Not Official 17%Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-3758330678390419129.post-40596643959725397712013-02-14T02:28:52.873-05:002013-02-14T02:28:52.873-05:00Why would they need an excuse?Why would they need an excuse?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-9551738560344028852011-12-26T06:00:12.043-05:002011-12-26T06:00:12.043-05:00Some detail on how the private companies in China ...Some detail on how the private companies in China are also engaged in balloning the GDP. I recently imported from China goods for 4300 USD and then found out that my Chinese supplier declared in his export declaration 10.300 This amount will go in the official Chinese statistics and here in this small example we see the export encrease more than twice. And I am sure that many Chinese companies Shevtarhttps://www.blogger.com/profile/11540917415144265969noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-50981434836043277822011-12-20T23:17:14.571-05:002011-12-20T23:17:14.571-05:00So, China is in equally bad shape compared to the ...So, China is in equally bad shape compared to the US, EU, and Japan? What is the implication? All these countries can now laugh at each other and start raising debt again, to perhaps 300% debt/GDP? Is this sustainable? It looks to me the guesstimation of 80% debt/GDP is just to give an excuse for the US and EU to print more money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3949536183885724912011-12-20T08:44:21.378-05:002011-12-20T08:44:21.378-05:00The "G" part of the GDP equation strikes...The "G" part of the GDP equation strikes again...it's the single biggest contributor, hider, etc. of real economic data...<br /><br />Solving for G on both sides of an equation should equal zero, not 1. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3420837715286755202011-12-20T07:56:53.086-05:002011-12-20T07:56:53.086-05:00China does have lots o foreign reserves but it'...China does have lots o foreign reserves but it's local munis are sated with loads of debt. If you read the book "red capitalism" it gives a detailed account of how bad china is with that reguard and how fragile there banking system is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36254314673501999312011-12-20T03:52:41.003-05:002011-12-20T03:52:41.003-05:00The US has debt/GDP of 100%. The EU has debt/GDP o...The US has debt/GDP of 100%. The EU has debt/GDP of about 100%. If China, the second largest economy in the world, has debt/GDP of 80%, who are the creditors? Where does those money come from? Isn't this sound a bit unbelieveable?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-74507855054693305992011-12-20T00:28:22.224-05:002011-12-20T00:28:22.224-05:00Then there are the experts claiming the Chinese wi...Then there are the experts claiming the Chinese will use their financial muscle to squeeze the world. It's ironic:<br /><br />http://peureport.blogspot.com/2011/10/carlyle-group-aiding-americas-biggest.htmlPEU Report/State of the Divisionhttps://www.blogger.com/profile/10269683860174947542noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-53972764400349028652011-12-20T00:28:11.887-05:002011-12-20T00:28:11.887-05:00They will have a crash, but not an inflationary on...They will have a crash, but not an inflationary one like we are facing. They are producing and exporting. The government is stealing all of their purchasing power along the way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51652381625573095932011-12-20T00:25:57.485-05:002011-12-20T00:25:57.485-05:00China Banks want to learn from U.S. branded privat...China Banks want to learn from U.S. branded private equity firms:<br /><br />http://dealbook.nytimes.com/2011/12/06/china-development-bank-pairs-up-with-private-equity/<br /><br />The bubble can't burst fast enough.PEU Report/State of the Divisionhttps://www.blogger.com/profile/10269683860174947542noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24502635908830728672011-12-20T00:23:25.388-05:002011-12-20T00:23:25.388-05:00China private equity played a part in the manipula...China private equity played a part in the manipulation:<br /><br />http://www.reuters.com/article/2011/12/16/us-dealtalk-china-private-equity-idUSTRE7BF0R820111216PEU Report/State of the Divisionhttps://www.blogger.com/profile/10269683860174947542noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69993475941395109722011-12-19T22:49:25.172-05:002011-12-19T22:49:25.172-05:00@ti$ch true there will some people who will be ok ...@ti$ch true there will some people who will be ok but an awful lot more are going to be bewildered and very very angry.Heathhttps://www.blogger.com/profile/15417060063126394938noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38467339000161073152011-12-19T20:29:34.640-05:002011-12-19T20:29:34.640-05:00We've taught them how to build things and now ...We've taught them how to build things and now we've taught them how to fudge numbers.JonofLVhttps://www.blogger.com/profile/00550302836049500286noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-32199961839190936222011-12-19T20:12:52.219-05:002011-12-19T20:12:52.219-05:00China owns about $3trillion in foreign reserves an...China owns about $3trillion in foreign reserves and runs a large current account surplus. China will be just fine.TiSchnoreply@blogger.com