Chinese real estate market collapse

gotsnowgotslush

skates like Eck
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What country is not in debt to China? What country does not have investments in China?

The IMF raised $430 billion in new funds for crisis intervention Friday, with China and other emerging economic giants
taking part despite worries the money will go to more eurozone bailouts.

Apr. 23, 2012
Most commodity prices fell Monday because of troubling news about Europe's debt and the pace of manufacturing in China.

What If the China Bubble Bursts?

"If, however, the party's efforts result in a precipitous drop in real estate values, multinational corporations whose revenue
and earnings growth are tied to China could be hard hit. And the U.S. could be thrown back into recession."

Is China is losing money to newer, faster and cheaper manufacturing, in other countries?

Have we been here, before?

"By the 1980s, Japan had built up such huge trade surpluses and the yen had become so strong that Japanese businessmen
were buying up properties all over the world and Japanese tourists were fanning out to every corner of the globe. Many
people thought Japan was poised to dominate the world.

The bubble topped out on December, 29, 1989 when the Nikkei index reached a historic high of 38,915.87, and it appeared
Japan was on the verge of surpassing the United States as the world’s most powerful economy.

The collapse was brought about by an international recession, foreign competition in export markets, the inability
of the government to protect weak banks and business from globalization, the realization that stock prices and real estate
values had become inflated in the bubble period, and the that Bank of Japan setting interest rates too low, creating easy
money. The bubble itself was blamed on a belief that the good times of the bubble economy years would last forever
and poor decision making over what to do with all the cash that poured in.
 
What country is not in debt to China? What country does not have investments in China?

The IMF raised $430 billion in new funds for crisis intervention Friday, with China and other emerging economic giants
taking part despite worries the money will go to more eurozone bailouts.

Apr. 23, 2012
Most commodity prices fell Monday because of troubling news about Europe's debt and the pace of manufacturing in China.

What If the China Bubble Bursts?

"If, however, the party's efforts result in a precipitous drop in real estate values, multinational corporations whose revenue
and earnings growth are tied to China could be hard hit. And the U.S. could be thrown back into recession."

Is China is losing money to newer, faster and cheaper manufacturing, in other countries?

Have we been here, before?

"By the 1980s, Japan had built up such huge trade surpluses and the yen had become so strong that Japanese businessmen
were buying up properties all over the world and Japanese tourists were fanning out to every corner of the globe. Many
people thought Japan was poised to dominate the world.

The bubble topped out on December, 29, 1989 when the Nikkei index reached a historic high of 38,915.87, and it appeared
Japan was on the verge of surpassing the United States as the world’s most powerful economy.

The collapse was brought about by an international recession, foreign competition in export markets, the inability
of the government to protect weak banks and business from globalization, the realization that stock prices and real estate
values had become inflated in the bubble period, and the that Bank of Japan setting interest rates too low, creating easy
money. The bubble itself was blamed on a belief that the good times of the bubble economy years would last forever
and poor decision making over what to do with all the cash that poured in.

This might be Chinese to a lot people that are not interested in their economy, a take out if ever there was one.
 
"The Chinese seem to be going for German bonds, or bunds, helping to drive Berlin’s borrowing costs to record lows,
despite the mounting cost of rescuing its euro zone partners."

http://www.nytimes.com/2012/04/23/business/global/china-invests-in-germany-amid-uncertainty.html

Germany is the one European Union country that has a trade surplus with China. And it has also been a focus of Chinese
investment in Europe — so much so that analysts say some Germans are growing wary as Chinese businesses have
been snapping up German engineering companies.

China is buying companies that are part of Germany's Mittelstand, the roughly 3.7 million small- and medium-size companies,
many family-owned, that are the backbone of the German economy and export engine.

Some of the German companies have had cash flow troubles made worse by the global financial crisis. And their privately
held structure makes them attractive to Chinese buyers, who can deal directly with family owners rather than corporate
boards and shareholders.

http://www.nytimes.com/2012/04/23/b...many-amid-uncertainty.html?_r=1&pagewanted=2#

China willing to work with Germany to boost China-EU ties: premier

2012-04-23

China fully recognizes the status and role of Germany within the European Union (EU) and is willing to work with the country
to promote China-EU ties, visiting Chinese Premier Wen Jiabao said here Sunday.

China's rapid economic development could provide a huge market for Germany, said Wen, adding that China welcomes
German enterprises to boost their investment in China, especially in the central and western regions.

Wen started a four-nation Europe tour on Friday. He visited Iceland before arriving in Germany on Sunday.
The trip will also take him to Sweden and Poland.

Vice Prime Minister Li Keqiang, will be stopping in Russia. Mr. Li will meet in Brussels on May 3 with the presidents
of the European Council and the European Commission.

Apr 23, 2012

Weak demand from crisis-stricken euro zone countries is hurting the recovery of Europe's largest economy, Germany

"The German economy - with a good basic foundation - is clearly currently lacking a cyclical upswing,"
the Bundesbank said in its April monthly report.

China overtakes Japan as world's second-biggest economy
14 February 2011

The majority of China's growth has been funded by a long-running manufacturing boom and the subsequent
expansion of its domestic industries and infrastructure.

China could overtake the U.S. as the world’s largest economy.

The bulk of China’s outward investment is still aimed at securing natural resources, largely in the Southern Hemisphere.

India is the world's third largest economy of the world ?

April 23, 2012

Hackers claiming to be from China had defaced the Web site of the University of the Philippines on Friday

A screenshot of the defaced Web site showed the map with Chinese script which highlighted islands in the South China Sea
which are claimed by the Philippines and China.

"We come from China! Huangyan Island is Ours," the caption on the map had read. Huangyan is the Chinese name for the
Scarborough Shoal, where the two countries have stationed vessels for nearly two weeks in a standoff to assert their claims.

Filipino hackers then struck back the following day, defacing Chinese Web sites, with claims of sovereignty over the Huangyan and Nansha islands.

http://www.zdnetasia.com/chinese-filipino-hackers-take-south-china-sea-dispute-online-62304582.htm

CHINA and Russia launched their first joint naval exercises with war games in the Yellow Sea on Sunday, April 22, 2012

The commander of the US Marines in the Pacific, Lt. Gen. Duane Thiessen, on Sunday said the Philippines and the US were bound
by a military agreement that would be activated in the event of an attack on Filipino forces.

The Balikatan exercise will not affect the Panatag [Scarborough] Shoal issue because the sites of the exercises are very far from there,” said Lt. Gen. Juancho Sabban, commander of the Puerto Princesa City-based Western Mindanao Command.

“The Balikatan exercise in the West Philippine Sea is purely field-training exercises and civil-military operations and disaster response.”

The Philippines on Sunday said it would unilaterally raise its sovereign claim on the West Philippine Sea, including the Panatag Shoal, to the United Nations International Tribunal for the Law of the Sea if Beijing refused to accept Manila’s invitation for arbitration.

“We can go there unilaterally if China is not prepared to come with us to validate its claims at this proper forum. Our
legal team is now studying this option,” Foreign Affairs spokesman Raul Hernandez said.

China claims all of the West Philippine Sea as a historic right, even those well within the Philippines’ 200-nautical-mile
exclusive economic zone recognized by the United Nations, such as the Panatag Shoal.

Is there anywhere that China has a border, that there is no territorial dispute?

India Test-Fires Longest-Range Missile to Counter China
Apr 19, 2012

India successfully test-fired a missile capable of striking parts of northern China, taking the South Asian country a step
closer to joining an exclusive club of nations possessing intercontinental ballistic missiles.

The 50-ton, 17.5-meter Agni-V missile that can carry a nuclear warhead and travel 5,000 kilometers lifted off at 8:07 a.m.
local time from Wheeler Island in the eastern state of Odisha today, according to Sitanshu Kar, the New Delhi-based defense
ministry spokesman.

17 April 2012
India climbdown may help China border dispute

Fifty years after India and China fought a month-long war over their disputed Himalayan territory, hopes of a solution
to the boundary dispute seem to be emerging.

"By and large, the McMahon Line will help resolve the boundary of the two countries but some incongruities apparent
on the ground might have to be amicably resolved and there is no scope for conflict as we have agreed to resolve the
issue peacefully," the Arunachal Pradesh governor said.

The McMahon Line was drawn up by British India's Foreign Secretary, Sir Henry McMahon, in 1914 but is not accepted by China.

http://www.bbc.co.uk/news/world-asia-india-17738147
 
Chinese construction is a motherfucker. It's a wonder they have any buildings left standing. How the fuck did they get that wall to stay up for so long?

I guess you pay attention to the plans and specs when Genghis Khan is about to invade.


For the pedantic: I'm kidding and know full well the history of the wall(s).
 
People (mostly those who have never traveled) stereotype Americans traveling overseas, but as an American who does travel a lot, there's no nationality funnier outside their comfort zone than the Brits. An Idiot Abroad exploits that fact and it's spot on. I think the 'star' of the show is really an actor taking his uncomfort to an extreme for the show, but it's still funny.
 
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