China: After The Credit Crisis Comes The Economic Crisis

[Abhishek_]

More than one way to skin a cat.

So basically you are not going to retaliate at all. Just demolish some more bunkers and stop some more patrols.

meanwhile the chinese will continue to chest thump in himalayas, the taiwan strait and the senkakus. only to return home in a few days.

so basically all the three states will administer the land they already have.

 

[Icewolf]

as for PK, let me just say the payback is going on far deeper in their territory.

Thats like what Indian Army Generals tell their 10 yr old fanboys after these type of attacks in poonch to help soothe their burning feelings

By saying that, does it soothe you as well ?

 

[Chinese-Dragon]

meanwhile the chinese will continue to chest thump in himalayas, the taiwan strait and the senkakus. only to return home in a few days.

so basically all the three states will administer the land they already have.

Yeah it only took 3 weeks of foreign soldiers camping in Indian territory, before India bowed and gave in to ALL our demands.

Indian troops suspend patrols at Chumar - Times Of India

NEW DELHI: Apart from dismantling a SET of strategically-located bunkers at Chumar as part of an arrangement to end the standoff at Depsang Bulge in eastern Ladakh, the Indian troops seem to have suspended patrols to the Line of Actual Control (LAC) in Chumar, at least for now. Senior officials briefed by personnel on the ground said the Army has discontinued the round-the-clock patrolling it was undertaking in the area for the last few months.

Destruction of the set of bunkers at Chumar, and suspending troop patrols in the region.

 

[Abhishek_]

Thats like what Indian Army Generals tell their 10 yr old fanboys after these type of attacks in poonch to help soothe their burning feelings

By saying that, does it soothe you as well ?

the bloodshed is pretty awful if i'm honest. you should worry about the blast victims in quetta.

 

[Icewolf]

the bloodshed is pretty awful if i'm honest. you should worry about the blast victims in quetta.

my signature is for you folk.
holp i dont have to quote a unfortunate incident in hindostan either

 

[Abhishek_]

Yeah it only took 3 weeks of foreign soldiers camping in Indian territory, before India bowed and gave in to ALL our demands.
Indian troops suspend patrols at Chumar - Times Of India
Destruction of the set of bunkers at Chumar, and suspending troop patrols in the region.

right, because a tingling article from TOI is enough to calm down the chinese. meanwhile the development projects continue on the border while we continue to administer massive territory being claimed by the mainlanders.
no worries here mate

 

[ThinkLogic]

Not one of the High and Almighty IQed people were able to post of topic. Shame to CPC!!

 

[djsjs]

Love this thread, so much fun

Love posts from those Indians are they lying? or really so delusional?

Love posts from CD Always right to point. To trolls, attack them as harder as possible.

this is why i'm here. indians bring us so much happiness in this forum....

 

[tranquilium]

Do you think the Soviet Union also had the muscle to avoid all that happened post-1988.
Would have answered the question in the same way, if I asked it to you in 1984?
Frankly, reaching 2018 could be long four years for PRC... or not.
It's usually hard to predict if bamboo curtain will fall down by 2018 or 2030.
But only some one pretending to be blind, can keep denying that there is no smoke.

Well, I would start out by NOT dissolving their country and not pocketing the entire states own industries (which is pretty all of the USSR industries at the time).

And actually, we got "China collapse" warnings pretty much every year after 1950 and you got use to it for a while. I will also do you one better. In 97 crisis, there was a lot of pressure on China to depreciate and China stood against it just fine.

I'm sick of your troll fatwas. please stick to the thread topic and tell us all why Forbes is wrong.
Thank you.

It is published by Forbes, so it must be the gospel truth.

 

[HariPrasad]

He guys look how they inflates the GDP figures to show a rosy picture of Chinese economy. Non of their DATA are reliable like their chinese products. Now reduce this $900 bn and count their Growth rate. It is negative. Every thing made in china is sub standard even DATA and information they provide.

http://www.defence.pk/forums/world-...flated-china-s-gdp-900-billion-last-year.html

 

[cirr]

India auto sales have collapsed in the past few months while

[B]Passenger-Car Sales Pick Up Pace in China Even as Economy Slows[/B]

August 9, 2013, 8:48 a.m. ET

Analysts Expect Full-Year Sales Growth to Exceed 10%, Strongest Since 2010

SHANGHAI—China's passenger-car sales picked up pace in July, signaling healthy consumer confidence and continued strength in the world's No. 1 auto market even as the nation's economic growth moves toward a 20-year low.

Sales of passenger vehicles, including sedans, sport-utility vehicles and minivans, were up 10.5% from a year earlier to 1.24 million vehicles, the semiofficial China Association of Automobile Manufacturers industry group said on Friday. That exceeds June's 9.3% pace and May's 9%, both over a year earlier.

Enlarge Image

Agence France-Presse/Getty Images
Potential customers in a Beijing showroom in May; car sales in China are forecast to grow this year at the fastest pace since 2010.

While most economists expect the growth rate for China's economy to slow to about 7.5% this year, the weakest since 1990, analysts and industry groups expect passenger-car sales gains to accelerate past 10%. That would be well short of the high double-digit figures of the previous decade, but still the highest level since 2010.

"People are still willing to spend on cars and property-related consumption," said Lin Huaibin, a managing director at market researcher IHS, which forecasts passenger-vehicle sales will rise 13% this year over last. "In the car market, the retail sales growth is even faster than that of the wholesale growth reported by the CAAM, which shows the car industry remains vibrant."

Some buyers are also motivated by some cities' pending restrictions on car purchases, meant to limit pollution and traffic.

Beijing-based Derek Hao, who works in advertising, last month paid 250,000 yuan ($40,900) for a Mercedes-Benz C260 sedan. "The economic condition is less of a concern," he said. "Cities are becoming more and more crowded. I'm not sure whether authorities in cities like Beijing will take more steps to curb car purchases in the future."

For the January-July period, sales of passenger vehicles were up 13.4% to 9.9 million autos.

"Despite the overall growth slowdown of the Chinese economy, Chinese consumers' perception about personal finance and spending intentions all show a steady growth from the first quarter," Yan Xuan, president of Nielsen Greater China, said in a recent note. Mr. Yan cited a slight uptick in Nielsen's survey for spending intention and consumer confidence.

Passenger-Car Sales Pick Up Pace in China Even as Economy Slows - WSJ.com

 

[cirr]

India's CPI is sky-high at some 10% with growth rate down to a pathetic 4.8% for the latest quarter while

China's CPI is up 2.7% in July

China.org.cn, August 9, 2013

China's consumer inflation remained steady in July, with the consumer price index (CPI) rose 2.7 percent year-on-year, the National Bureau of Statistics (NBS) announced on Friday.

The figure remained well below the government's full-year target of 3.5 percent, which was set earlier this year.

The NBS attributed the inflation growth mainly to year-on-year rises in food prices, which went up 5 percent in July.

Food prices, which account for one-third of the prices used to calculate the CPI, saw steeper gains than other non-food categories, including clothing, home appliances and daily necessities.

Yu Qiumei, a senior statistician with the NBS, said China's consumer prices have stayed relatively stable. "Compared on a monthly basis, the July CPI grew 0.1 percent from June and food prices in July also stayed flat from a month ago," Yu said.

During the January-July period, inflation rose 2.4 percent, according to the NBS.

Zhang Liqun, an analyst with the Development Research Center of the State Council, said the stable inflation level has provided better conditions for growth-stabilizing policies.

China's economy has been stuck in a protracted weak recovery, easing to 7.5-percent growth in the second quarter from 7.7 percent in the first three months and 7.9 percent in the final quarter of 2012.

According to the Chinese Academy of Social Sciences (CASS) survey, 78 of the economists said the current slowdown will continue in the short-term, while 21 of them said growth will further slide. However, the economists were generally optimistic about the economy's development in the long-term.

The Political Bureau of the Communist Party of China (CPC) Central Committee pledged at a meeting held last month to keep the economy growing steadily in the second half of the year while promising to fine-tune policies when necessary.

The comments were seen as a reaffirmation that a stable environment is necessary for pushing ahead with reforms for long-term sustainable growth.

China's CPI up 2.7% in July - China.org.cn

 

[cirr]

India's foreign trade is in the doldrums with negative growth and huge trade deficit while

China trade shows signs of recovery

Last updated: August 8, 2013 7:28 pm

By Simon Rabinovitch in Shanghai

China’s exports and imports grew strongly in July, boosting confidence that the economy may be stabilising after a shaky first half of the year.

Exports rose 5.1 per cent year on year, rebounding from a 3.1 per cent drop in June. Imports increased 10.9 per cent year on year, up from a 0.7 per cent fall in June.

Both figures were well ahead of forecasts, pointing to a steadying of the country’s growth outlook after a sharp slowdown in exports and imports over the previous few months. The big jump in imports was especially notable as it is an indication that the Chinese economy is holding up well.

“Stronger domestic investment demand has clearly contributed to the rebound in July imports, as reflected by more strength in import volume of investment goods and raw materials,” said Wang Tao, an economist with UBS.

In recent weeks the Chinese government has stepped up support for the economy with a series of small, targeted measures, including the temporary cancellation of taxes for small businesses. Concerned about the deterioration of exports, Beijing in July said it would also cancel some customs inspection fees and simplify approval procedures.

Liu Ligang, an economist at ANZ, said China was also beginning to catch a tailwind from overseas. “Improving consumer confidence in the US and Europe may help,” he said.

There have been incremental signs that the eurozone could exit its longest recession on record in the second half of this year.

Chinese imports from Germany, China’s largest EU trading partner rose 8.6 per cent year on year in June, while exports to Germany fell 0.9 per cent.

But in a sign that any recovery is still fragile, there were mixed signals from Germany where total exports rose by a modest 0.6 per cent in June, compared with the previous month, while total imports dropped 0.8 per cent over the same period.

The import data were particularly disappointing as many struggling eurozone economies depend on demand from Germany, Europe’s biggest economy.

German industrial companies have generally remained rather gloomy about the coming months. Lanxess, a German speciality chemical maker, warned this week that “the fragile sentiment in Europe is now evident in other markets that are important for us, such as China and Brazil.”

At the same time as unveiling a series of small measures to prop up growth, the government has rebuffed calls for a more aggressive stimulus. It has also surprised observers by continuing to let the renminbi climb higher against the US dollar, with it posting successive all-time highs this week. The strong currency makes it tougher for exporters to compete with other countries, but the government hopes it will also nudge them into more valuable, innovative lines of business.

This currency policy is reflective of what many analysts and investors see as the government’s commitment to push through difficult reforms even if it means inflicting some short-term pain on the economy.

But Shuang Ding, an economist with Citi, reckoned that Beijing would soon halt the currency’s climb as the focus shifts to doing more to support growth. “We see limited room for further appreciation,” he said.

Growth in China slowed to 7.5 per cent in the second quarter and many analysts believe the economy is on track for a deeper slowdown this quarter.

China will report a large set of economic indicators on Friday, from inflation to investment, which will give a much more detailed picture of how the economy performed in July.

Signals have so far been mixed. The official purchasing managers’ index clung to expansionary territory, a better performance than had been forecast. But a similar survey by HSBC fell to its lowest in 11 months.

After holding money back from the financial system in June and triggering a cash crunch, the central bank has provided more support with injections of short-term liquidity. That support, plus the belief that the economy could be stabilising, has helped the stock market. The Shanghai Composite, the country’s main stock index, fell about 15 per cent in the first half of the year, making it one of the world’s worst performers, but it has since rebounded 5 per cent.

China trade shows signs of recovery - FT.com

 

[cirr]

The Chinese economy is performing spectacularly well compared with the Indian economy，yet Indians have the balls and tenacity to post western propaganda reports conjured up by those who，for whatever reason，wish ill of China。

What a bunch of bad losers！

I see nothing but jealousy。

It's all written on the wall。

 

[cirr]

India's industrial production，if there is any，has been in contraction for months while：

Chinese industrial output rises

9 Aug, 11:29 PM

Growth in China's key industrial production accelerated to a five-month high in July, the government says, providing optimistic pointers for the world's second-largest economy after months of negative indicators.

Industrial production, which measures output at factories, workshops and mines, rose 9.7 per cent year-on-year, well above analyst expectations of 9.0 per cent in a survey by Dow Jones Newswires.

Authorities also on Friday announced steady expansion in retail sales and fixed asset investment, and a benign inflation figure of 2.7 per cent, unchanged on last month.

Analysts said the figures pointed to a more stable outlook for China's economy - seen as a key driver of global growth.

Lu Ting, a Hong Kong-based economist for Bank of America Merrill Lynch, told AFP the "overall figures are actually very good, especially the industrial output figure".

Gross domestic product (GDP) in China expanded 7.8 per cent in 2012, its slowest annual pace in 13 years.

Growth slipped to 7.7 per cent in the January-March period this year and slowed further to 7.5 per cent in the second quarter, raising alarm bells over possible deeper weakness.

But after Friday's figures Lu said: "The momentum, if maintained, would in fact make everyone's estimation about the second half rather pessimistic, so we will likely see a round of GDP forecast upgrades soon."

Beijing has set a goal of a 7.5 per cent increase in GDP this year and ANZ economists Liu Li-Gang and Zhou Hao said in a report the better-than-expected July data made it "more likely to be attainable".

Concerns over a hard landing had "largely diminished", they added. "This should facilitate and accelerate the structural reform agenda in China."

The government has largely faced down mounting pessimism over the economy and refused to undertake major stimulus efforts as it vows to restructure China's economy to make it less dependent on exports and investment, and driven more by the power of the country's consumers.

The output figures came on the heels of robust trade figures on Thursday and an official manufacturing survey last week that showed expansion when many analysts had expected a contraction.

Exports and imports, which had contracted in June, rebounded in July, growing 5.1 per cent and 10.9 per cent year-on-year respectively, according to Customs.

Two-way trade rose 7.8 per cent year-on-year, slightly lower than the government's eight per cent target for this year but "showing a stabilising and recovering trend", Customs said.

July's output growth figure was higher than June's 8.9 per cent and marked the best performance since the 9.9 per cent recorded for January and February, which were released together due to distortions related to Chinese New Year.

Separately, retail sales, a key indicator for consumer spending, rose 13.2 per cent in July compared with the same month last year, the government said, only a marginal slowing from 13.3 per cent in June.

Growth in fixed asset investment, a key measure of government spending on infrastructure, increased 20.1 per cent during the first seven months of this year compared with the same period in 2012, unchanged on last month's rate.

Earlier on Friday, the government said that inflation held steady at 2.7 per cent year-on-year in July, a result seen as potentially giving the authorities some leeway to take measures to boost the economy if needed.

The consumer price index (CPI) rise was marginally below market expectations of 2.8 per cent, according to the Dow Jones survey. The CPI reading - a main gauge of inflation - has broadly eased since hitting 3.2 per cent in February during the Chinese New Year holiday, although it rebounded in June to a four-month high.

Chinese industrial output rises | Business Spectator