China intimidates financial journalists
The whole China story is turning into a bad joke.
This latest development is particularly troubling, as the Chinese government appears to be singling out a respected business journalist for their joke of a stock market. Read about the forced confession here.
The game in China has always been rigged. It was easy to keep playing this rigged game as Chinese industry fueled massive growth, the much of the fruits of that labor has been wasted on unnecessary projects and plenty of graft and corruption.
Throw in a new leader obsessed with consolidating power and promoting Chinese pride and strength over addressing real economic issue, and now you have real problems. Xi Jinping may turn out to be a complete disaster for China.
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When China was booming, they couldn’t keep up with the demand for steel and cement. Now things are slowing down, and the over-investment in factories is leading to zombie factories that the government is afraid to let die.
When you read this article lioresal 10 mg, buy cheap baclofen , baclofen tablets, purchase baclofen , it is intended provisionally to accommodate twenty men and generic lioresal as you get another glimpse as to why the China experiment may end badly. In the rush to move hundreds of millions of people from the farms to the cities, too much money was poured into more factories and apartments that weren’t needed. Central planning can work for a while, but then economic reality sets in, and projects built more to line the pockets of local officials end up being a huge drain on the overall economy.
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Is the Chinese government getting desperate?
Lately they’ve been manipulating the stock market and encouraging retail investors to keep buying volatile stocks.
Now they’re devaluing the Yuan generic from diamox doxycycline in the uk now cialis jelly online sales buy roxithromycin from mexico online what does generic prednisone look like where is again in response to weak economic data.
Is China a house of cards? There’s plenty of economic might there, but you have an economy centrally planned by dictators, and local economies planned by corrupt government officials.
How this all ends is anyone’s guess.
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Concerns mount regarding Chinese economy
David Ignatius is one of the more balanced commentators you’ll find, so when he write a piece stressing “warning signs” in China, it’s worth a read.
The government in China is trying to address the staggering amount of corruption, yet this effort seems to be having a destabilizing effect. Also, there are tons of bad loans in China and what appears to be a massive real estate bubble.
All of this spells trouble, and recent real estate sell-offs and bond sale cancellations have observers worried.
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China pushes its economic leverage
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