Can even a one-sided collapse crash China's economy?

[Aepsilons]

LOL, China's auditing standard is learning from the US.

Internal control is not the only way can handle corruption, I think segregation of duty can also be implemented, at least in many SOEs.

Enron's bankruptcy is the blasting fuse of SOX act 2002.

Segregation of duties is an example of Internal Control, dude...

sir, it is these people that warn, and if nothing happens it is because govt taken corrective measures. If these people won't forsee than a crash would be imminent

Precisely.

 

[Edison Chen]

Segregation of duties is an example of Internal Control, dude...



Precisely.

Yes yes, I forget that.

 

[Mr.S.Singh]

Spare this forum your half baked crap. Home prices is western china are not inflated like 1st tier city.
Instead of posting useless video, go back to class for more lessons. Look at the garbage you wrote below!!!!!

I know my garbage, if you want to talk like intellectuals its fine, otherwise take your shit somewhere else whineyass !

Whether money market is tight or loose, that depends on the central bank's monetary policy. Do you even know what is monetary policy?

Firstly, do the central bank give loan to private individuals ?? Its money lenders and financial institutes. The central bank intervenes with monetary policy sweetheart. Over supply of money if what bothers the central bank, they stop if by putting measures such as repo rates. Banking purchasing or selling dollar comes as an extreme case when the market doesn't correct itself.

Dumbo, printing money is a layman's term. The ONLY way to print money is to issue bond, there is no other way, Whether Chinese Yuan is circulated within china or not, it's irrelevant. As long as central bank has the enough reserves, the Govt's treasury department is safe to issue bond/print money. If the central bank lacks reserves, then bond will be sold in the international market.

Tell me smartass, when the govt itself defaults, who will buy govt bond ??

USD is the world's reserve currency, no one has to ability to corner USD, even if you pull all the investment banks together. So what derivatives trader you talking about? This is not Bollywood.

have your ever been to floor of a trading room? Have you every seen the international market movement. Look at historical stat's of dollar vs euro when US fed bring out economic data, look at massive selling and advise given out by derivative trader.

Spewing garbage like a retard, China public debt is internally owned. Do you even what that means?CHinese railway debt? Capitalization on every infrastructure project is thru debt, meaning issuing bond. Chinese govt can afford the debt, hence, no outside investors is needed. It's only when you shit broke, then you go to private sector or international investor, like what your Modi is doing now, dumbass!

firstly the railway has recently announced to convert debt into bond because recovery from selling tickets wasn't seen as a alternative !! How do you think the govt would payback the bond holder + yield + coupon if recovery isnt possible, it will add on to company debt.

You privatize because you are ready to liberalize, not because you are broke. The govt emphasis on governance only when it wants to privatize

And if one day these investors call their debt, you're fucked. Like what happened to Greece and Spain. Go learn what some basic marco economic.

go back abit and learn about soviets aswell, they had assets worth 28 trillion dollar economy but still collapsed under public debt. Before telling me to learn, read some books kid

Chinese debt runs into trillions? Chinese debts are internally owned!!!! Every bond issued is locally owned by state companies and backed up by CHinese govt reserves. They will never be called. Two, the govt has $4 trillion in reserves.

So tell me smart ***, the debts are growing every year, with no significant reduction, how would govt generate revenue to repay, clearly investments are not paying up to clear the debt

What one incident? It was an accumulation of multiple incidents. The market was already in turmoil. The underlying issue was due to Greenspan's accommodative monetary policy and the lack of regulation by SEC. 1) too easy to take a loan, 2) commercial bank capitalization is too low 3) Hedge fund and derivatives market were unregulated..

China No-Money-Down Housing Echoes U.S. Subprime Loan Risks - Bloomberg
guess what is happening,

But when it was clear that the some banks are too big to fail, Bush and Paulson approved a $700 billion bailout package for the entire wall street.

Stop acting smart here, don't talk shit that you have no clue about.

This was example was given because he though a single breakdown in industry will not affect others, we are playing with mortgages sweetheart, it has a rippling effect !! you have answered yourself

 

[Fattyacids]

I know my garbage, if you want to talk like intellectuals its fine, otherwise take your shit somewhere else whineyass !

No, you don't know shit. Don't freaking try to act smart here.

Firstly, do the central bank give loan to private individuals ?? Its money lenders and financial institutes. The central bank intervenes with monetary policy sweetheart. Over supply of money if what bothers the central bank, they stop if by putting measures such as repo rates. Banking purchasing or selling dollar comes as an extreme case when the market doesn't correct itself.

Central bank doesn't loan to individual directly, but their policy impact each and every individual, you dumbass! Financial institutions have to play according to their rules. Go learn what is monetary policy!!!

Tell me smartass, when the govt itself defaults, who will buy govt bond ??

Chinese govt has 4 trillions in reserves,how are they going to go default when the total public debts is less than $4trliion??

have your ever been to floor of a trading room? Have you every seen the international market movement. Look at historical stat's of dollar vs euro when US fed bring out economic data, look at massive selling and advise given out by derivative trader

Even if you pull all the investment banks together, you can't corner USD. What can trading flooring and derivate traders do??????

firstly the railway has recently announced to convert debt into bond because recovery from selling tickets wasn't seen as a alternative !! How do you think the govt would payback the bond holder + yield + coupon if recovery isnt possible, it will add on to company debt.

You privatize because you are ready to liberalize, not because you are broke. The govt emphasis on governance only when it wants to privatize

Infrastructure projects are all funded by long term bonds. These bonds are all held locally, backed by Chinese govt. They will never be called. If shit hits the fence, govt has enough $$ to bail them out. Do you know what the fuk you talking about??

You privatize only for one reason: profit and efficiency.
If they are well run, (and/or the govt is socialism) it is not necessary to privatize. Most European ones are state-owned too.

Now India, even if your govt wants to privatize Indian railway, there're no buyers who would take majority stake, because it is losing $$$. And your govt does NOT have the money to keep subsidizing! Why do you think they hike rate by 14% recently? Why don't India govt build bullet trains? Just privatize, right?

go back abit and learn about soviets aswell, they had assets worth 28 trillion dollar economy but still collapsed under public debt. Before telling me to learn, read some books kid

Go learn how to what is a Balance sheet. The book is called Financial Accounting 101.

So tell me smart ***, the debts are growing every year, with no significant reduction, how would govt generate revenue to repay, clearly investments are not paying up to clear the debt

Do you know what is public goods? Do you know what is Public Finance. Roads and highways don't generate much income too, why build them? Got a brain?

China No-Money-Down Housing Echoes U.S. Subprime Loan Risks - Bloomberg
guess what is happening,

Nothing is happening to China, just as nothing is happening in your cerebral cortex. Do you know what is internal debts? Japan public debts more than 200% of its GDP. Go study what is the balance sheet of china.

This was example was given because he though a single breakdown in industry will not affect others, we are playing with mortgages sweetheart, it has a rippling effect !! you have answered yourself

Read my paragraph above, dumbo!

 

[Mr.S.Singh]

No, you don't know shit. Don't freaking try to act smart here.

You don't know shit damm ... take some economics 101 classes m8

Central bank doesn't loan to individual directly, but their policy impact each and every individual, you dumbass! Financial institutions have to play according to their rules. Go learn what is monetary policy!!!

smart, know you know how worlds central banks work, lets focus on chinese banks and central bank
Go to my original post, i had stressed upon an more open financial system with less govt interference, i have not talked about monetary policy!
Financial institutes currently play by central banks rule, and you know what there is over financing
I have emphasized on a much more liberal money market that requires less central bank intervention, china's central bank has heavy intervention. Only if you could stop, think and understand what i am saying and not get hyper about it.

Chinese govt has 4 trillions in reserves,how are they going to go default when the total public debts is less than $4trliion??

How much is the public debt estimated ? $2.9 trillion BBC News - China local government debt surges by 70%
what are they trying to do is response China opens debt window for local governments - FT.com , my question is simple, how will the govt payback 2.9 trillion worth of bonds ? would it drastically increases taxes ? That will shy away investor its all connected my friend

State Owned enterprise, have raised capital worth $2.7 trillion and have debt to equity ratio of 192 times !!!
" China's 113 central government-controlled conglomerates alone have borrowed 18 trillion yuan (1.72 trillion pounds) between 2008 and 2013, raising their debt-to-equity ratio 40 percentage points to 192 percent. That is on top of 32 trillion yuan borrowed by 110,000 firms owned by local governments, which raised total state enterprise debt to about half of the country's GDP. "

SOE you think you can reform | FT Alphaville

China should let more ailing firms fail - deputy central bank governor| Reuters , this is what the deputy governor of central bank says
Clearly sir, you cannot spend all $4 trillion on failig enterprises, that money is you contingency fund or reserves for imports and a show of strength to attract investors

Even if you pull all the investment banks together, you can't corner USD. What can trading flooring and derivate traders do??????

ohohoho, they have invested assets worth 100's of billions of their clients, one wrong move and they remove them all. Remove $100 billion at one go from New york stock exchange and make a public announcement, a bull market becomes a bare !

Infrastructure projects are all funded by long term bonds. These bonds are all held locally, backed by Chinese govt. They will never be called. If shit hits the fence, govt has enough $$ to bail them out. Do you know what the fuk you talking about??

Firstly, Local govt owned project are financed by local govts, they have debt which is still not converted into bonds, link provided above
State controlled infrastructure projects are not generating revenue's, hence they will convert into bonds know. How will you even payback the bond value, if funds aren't generated to the expected value ?
Increase tariff, prices and fare's ? that brings us to square one ... increasing costs of inputs of materials and transport system

About bailing out, i have provided links out sir, Bailing out sometimes is good, but if govt's have made it a habit, it has leeded to financial crunch

You privatize only for one reason: profit and efficiency.
If they are well run, (and/or the govt is socialism) it is not necessary to privatize. Most European ones are state-owned too.

90% EU firms run privately, those which are run by state are for public welfare and are at heavy loses

Now India, even if your govt wants to privatize Indian railway, there're no buyers who would take majority stake, because it is losing $$$. And your govt does NOT have the money to keep subsidizing! Why do you think they hike rate by 14% recently?

Two things,
privatization of railway is only for railway station maintenance and cleanliness, it has nothing to do with operations of train's ... which will be controlled by govt. Same problem as your's, subsidized fare's for poor, which this govt has increased to mint profit. We had profit some years back, but change in govt brought back populist measures.

Why don't India govt build bullet trains? Just privatize, right?

funds plus more importantly feasibility

Go learn how to what is a Balance sheet. The book is called Financial Accounting 101.

so smart of u !

Do you know what is public goods? Do you know what is Public Finance. Roads and highways don't generate much income too, why build them? Got a brain?

heard of car registration taxes ??road tax on cars ?? toll tax ?

 

[Fattyacids]

You don't know shit damm ... take some economics 101 classes m8

I owned your dumb *** in just two posts. I can take you to school on the subject matter. Learn to be honest with yourself, its' good for mental development.

smart, know you know how worlds central banks work, lets focus on chinese banks and central bank
Go to my original post, i had stressed upon an more open financial system with less govt interference, i have not talked about monetary policy!
Financial institutes currently play by central banks rule, and you know what there is over financing
I have emphasized on a much more liberal money market that requires less central bank intervention, china's central bank has heavy intervention. Only if you could stop, think and understand what i am saying and not get hyper about it.

You stressed more open system with less govt interference?? Dumbass, monetary policy is monetary policy, there is no such things as open or close. What garbage are you talking about?
You do NOT know how central bank operates!!

And what the fcuk is "less central bank intervention?" It is the Central bank's job to manage the economy thru their policy!!!!!!!!

It's ok if you're not bright, at least learn to be humble.

How much is the public debt estimated ? $2.9 trillion BBC News - China local government debt surges by 70%
what are they trying to do is response China opens debt window for local governments - FT.com , my question is simple, how will the govt payback 2.9 trillion worth of bonds ? would it drastically increases taxes ? That will shy away investor its all connected my friend

State Owned enterprise, have raised capital worth $2.7 trillion and have debt to equity ratio of 192 times !!!
" China's 113 central government-controlled conglomerates alone have borrowed 18 trillion yuan (1.72 trillion pounds) between 2008 and 2013, raising their debt-to-equity ratio 40 percentage points to 192 percent. That is on top of 32 trillion yuan borrowed by 110,000 firms owned by local governments, which raised total state enterprise debt to about half of the country's GDP. "

SOE you think you can reform | FT Alphaville

China should let more ailing firms fail - deputy central bank governor| Reuters , this is what the deputy governor of central bank says
Clearly sir, you cannot spend all $4 trillion on failig enterprises, that money is you contingency fund or reserves for imports and a show of strength to attract investors

Any retarded can quote a news articles. You don't even know how an economy operates, how central bank works, how infrastructure projects are funded, the different types of financing, public or private. What the fuk are babbling on here? The debts are internally owned, the govt has the reserves to bail out these debt. Are you intellectually impaired? I'm beginning to think you are.

ohohoho, they have invested assets worth 100's of billions of their clients, one wrong move and they remove them all. Remove $100 billion at one go from New york stock exchange and make a public announcement, a bull market becomes a bare !

Totally incomprehensible, what are fck are saying? Only retarded who would suggest USD can be cornered.

Firstly, Local govt owned project are financed by local govts, they have debt which is still not converted into bonds, link provided above
State controlled infrastructure projects are not generating revenue's, hence they will convert into bonds know. How will you even payback the bond value, if funds aren't generated to the expected value ?
Increase tariff, prices and fare's ? that brings us to square one ... increasing costs of inputs of materials and transport system

About bailing out, i have provided links out sir, Bailing out sometimes is good, but if govt's have made it a habit, it has leeded to financial crunch

All these debts are in the form of bonds, dumbass!!! Whether it is convertible, perpetual, or other types of bonds, they are still bonds.

90% EU firms run privately, those which are run by state are for public welfare and are at heavy loses

Dumbo, most of them are state-owned, privatization is only partial, especially public infrastructure companies.

Two things,
privatization of railway is only for railway station maintenance and cleanliness, it has nothing to do with operations of train's ... which will be controlled by govt. Same problem as your's, subsidized fare's for poor, which this govt has increased to mint profit. We had profit some years back, but change in govt brought back populist measures.

Railway privatization is for maintainance and cleanliness?? You be must a top student from Bollywood school of Economics .

funds plus more importantly feasibility

Funds, where to get the funds? Your govt doesn't have the money. You have no clue how public finance works, stop embarrassing yourself.

so smart of u !

Yes, I'm. Now go back to Bollywood school and learn what is a balance sheet.

heard of car registration taxes ??road tax on cars ?? toll tax ?

Right, are these revenues substantial? How long does it takes to break with the roads and highways?? Wonder why cant your country build more. China High Speed Rail is a public infrastructure projects, it works on the same principle, you dumbass. Such projects are built on long term debt financing.
The difference is Chinese govt has ability to finance these project, your govt don't. If they do, it'll be on debt financing too. Stop showcasing your stupidity in this forum. Go take a hike.