China may crash?

blueskies88

Hǎo gē cái, zhǐ yǒu sān jiě chàng de lái liě,
xīn xiǎng yǔ jiě chàng jǐ jù,
bù zhī jīn kǒu kāi bù kāi.

Xīn xiǎng chàng gē jiù chàng gē liě,
xīn xiǎng dǎ yú jiù xià hé,
nǐ ná zhú gāo wǒ ná wǎng liě,
suí nǐ chēng dào nǎ tiáo hé liě.

468259058

[quote]Originally posted by 468259058 at 2011-5-5 22:45
Chanos said in an interview last month. As much as 60 percent of the country's gross domestic product relies on construction..

.

60% of China's  GDP relies on construction?

Where is this datum from? Is it right? [/quote]
Only 6.0% of China's GDP relied on construction in 2008 from the statistics of NBS of China.

Maybe the basic datum "60%" quoted by Chanos was false in the original analysis.

468259058

James Chanos is an American hedge fund manager.

His company is focused on short selling.

468259058

In the early 2010, many economists said that China may crash in the next few months. However, things were different, or at least not worse as they predicted.

I checked Chinese stock market just now.

Shanghai stocks index had taken a plundge from January 2010 to July 2010.

But the price of apartments have still risen rapidly as usual in housing market.

[ Last edited by 468259058 at 2011-5-6 08:17 PM ]

468259058

Originally posted by saltandpepper at 2011-5-7 02:14
ungrateful creatures

?????????

What do we judge by?

Actions or words?

Many richest Chinese had earnt too much money, at last they threw away their Chinese ctizenship, though they are still earning money in  China.

All the time, they said they love their motherland, they love this nation, they love this government.

Of course, the great, grand, parents of many Chinese diaspora left this country to struggle for surviving many many years ago. They are different from these present richest Chinese.
These richest  Chinese have gained great benefits from this system, why are they still leaving?

+++++++++++
Most of the richest Chinese are grateful creatures,
because they said, how they love this land, how they love this nation, how they love this government,
because the richest Chinese gained huge more benefits than most of Chinese,
though they choose to throw away Chinese citizenship and are still earning huge profits here.

[ Last edited by 468259058 at 2011-5-7 08:19 AM ]

468259058

Yes, they still defend some mechanisms on robbing wealth from some other Chinese.

Even a saint would make some wrong decisions.

Chinese people don't have the right to discuss the wrong and possible wrong decisions by Chinese government and Chinese people.

Or, they are ungrateful creatures.

Unless we defend all of the policies including some mechanisms on robbing wealth from some other Chinese by a few of Chinese, we are grateful creatures?