Could China Be the Next Greece?

[khurasaan1]

Oh yeah, Chinese refugees will start pouring into India? Even though the average income in China is four times higher than in India?

Even our currency reserves alone, are double the size of the Indian GDP.
If there is a crisis, the last place they will go is India, i.e. the country with more poverty than Africa.

I guess u made mistake here.....China reserves are the triple the size of the Indias GDP bro! cuz its more than 3Trillion $.....

 

[Chinese-Dragon]

Something to bring you back to reality.

Ghost towns of China: Satellite images show cities lying completely deserted | Mail Online

You're not a very good false flag.

And that does not change the fact that China's currency reserves are $3 trillion, several times larger than the entire Indian GDP.

 

[siegecrossbow]

You're not a very good false flag.

And that does not change the fact that China's currency reserves are $3 trillion, several times larger than the entire Indian GDP.

He is not a false flag. Probably just Pakistan's version of a JY.

 

[Chinese-Dragon]

He is not a false flag. Probably just Pakistan's version of a JY.

I don't think so, I haven't noticed him acting like that towards Pakistan, only towards China.

Looks like a classic "sleeper" account. He only signs in to say something bad about China, then goes back to his normal account to talk about other things.

I remember his name, because I love that movie "Zombieland".

 

[khurasaan1]

Something to bring you back to reality.

Ghost towns of China: Satellite images show cities lying completely deserted | Mail Online
The infrastructure bubble in China ....

These cities will be filledup by the pplz when the population will grow....offcoarse China is planning 10 yearz or more in advance for expansions in the cities or else.......

 

[Jikki]

Oh yeah, Chinese refugees will start pouring into India? Even though the average income in China is four times higher than in India?

Even our currency reserves alone, are double the size of the Indian GDP.

If there is a crisis, the last place they will go is India, i.e. the country with more poverty than Africa.

See currency reserves is a very notional thing. What if US prints so much of $ that they start shipping it in rolls called kleenex. thats possible because us already silently issued qe3 (buyback 300bil from banks) USD will surely come down. I dont wish ill to china, but it can be inevitable. but a country like india which has a 300bil debt will gain because the debt will still be in depreciated USD

---------- Post added at 07:25 AM ---------- Previous post was at 07:25 AM ----------

These cities will be filledup by the pplz when the population will grow....offcoarse China is planning 10 yearz or more in advance for expansions in the cities or else.......

but china has a 1 child policy

---------- Post added at 07:26 AM ---------- Previous post was at 07:25 AM ----------

I guess u made mistake here.....China reserves are the triple the size of the Indias GDP bro! cuz its more than 3Trillion $.....

india gdp is 1.7 tril. so chinese math is better .

 

[Chinese-Dragon]

but china has a 1 child policy

The one-child policy can be easily modified, or even scrapped entirely if needed.

Demographic changes take decades to come into effect, and we have plenty of time to consider how much of an impact it will have 50 years down the line, and make the appriopriate changes.

 

[Jikki]

Works well on the short run ... However wealth couldn't be created by printing money forever. Better way to improve the U.S. economy is investing more money in innovative technologies.

if US go down , so will china. thats why china is desperately going shopping in europe to diversify its holdings with sick EU countries. i wish US just prints out 14 trillion and gives it away to various countries who hold their debt. Problem solved. of course bread will then be 12 bucks a loaf, but salary would also increase. just like in india, where 10 years ago 5 lakhs was decent salary, today the equivalent will be 15 lakhs.but people are still thriving in india. also geithner has said that india is the role model for broad based growth. this tortoise will still win (not end up in a soup bowl) lol

 

[Jikki]

The one-child policy can be easily modified, or even scrapped entirely if needed.

Demographic changes take decades to come into effect, and we have plenty of time to consider how much of an impact it will have 50 years down the line, and make the appriopriate changes.

brother, you think so, when people work very hard to make a comfortable lives and after having a century of 1 child policy peoples mindset cannot change. look at japan, eu, HK, singapore, taiwan, everywhere population is declining.
changing peoples psyche is not a on-off switch. impact will be felt in the nxt 20-30 years. but impact to reverse it may never happen or take much longer.
why do you think japan , russia etc has a declining population.
now the chinese kids of today will have to take care of wife plus 4 parents+ 4 grandparents if any + 1 child. i dont think he will have time to think of evena second.
and if wife goes to work from morning 8 to night 8, how will baby be made??

 

[Chinese-Dragon]

if US go down , so will china. thats why china is desperately going shopping in europe to diversify its holdings with sick EU countries. i wish US just prints out 14 trillion and gives it away to various countries who hold their debt. Problem solved. of course bread will then be 12 bucks a loaf, but salary would also increase. just like in india, where 10 years ago 5 lakhs was decent salary, today the equivalent will be 15 lakhs.but people are still thriving in india. also geithner has said that india is the role model for broad based growth. this tortoise will still win (not end up in a soup bowl) lol

Not true.

If you're talking about a "total collapse" where the USD becomes worthless, that is extremely unlikely. Even then, China will lose $1 trillion of our currency reserves, but still have $2 trillion left over which would still be the largest forex reserves in the world by far.

Secondly, total exports make up only 27% of the Chinese GDP, and exports to America make up only 16% of that.

If you're talking about just an economic crash, then America and Europe already crashed during the Credit Crunch. China meanwhile, continued to grow at nearly double-digits despite our biggest customers (US+EU) going into recession.

 

[Chinese-Dragon]

brother, you think so, when people work very hard to make a comfortable lives and after having a century of 1 child policy peoples mindset cannot change. look at japan, eu, HK, singapore, taiwan, everywhere population is declining.
changing peoples psyche is not a on-off switch. impact will be felt in the nxt 20-30 years. but impact to reverse it may never happen or take much longer.
why do you think japan , russia etc has a declining population.
now the chinese kids of today will have to take care of wife plus 4 parents+ 4 grandparents if any + 1 child. i dont think he will have time to think of evena second.
and if wife goes to work from morning 8 to night 8, how will baby be made??

Singapore and Hong Kong have two of the lowest birth rates on the planet.

Yet both are considered advanced economies, with very high HDI, and both economies are performing very well.

You are right, the population growth is low in EU, Japan, Hong Kong, Taiwan, Singapore etc.... but do you really think they are worse off than India? Look at the HDI index.

 

[Jikki]

Not true.

If you're talking about a "total collapse" where the USD becomes worthless, that is extremely unlikely. Even then, China will lose $1 trillion of our currency reserves, but still have $2 trillion left over which would still be the largest forex reserves in the world by far.

Secondly, total exports make up only 27% of the Chinese GDP, and exports to America make up only 16% of that.

If you're talking about just an economic crash, then America and Europe already crashed during the Credit Crunch. China meanwhile, continued to grow at nearly double-digits despite our biggest customers (US+EU) going into recession.

Brother, china grew because of the 500 bil impetus given. and this they used to construct and construct and construct. this gives the illusion china is having productive growth. i hear the local bodies are neck deep in debt. if there is a land value crash then the taxes they depend on to service that debt will be impacted. Yes china can use the 3 tril, but what if that is devalued? no one knows exactly what is china's debt position. what if that is greter than the 3 tril. i dont know.
again, i wish china is not impacted , because I live in singapore and my home will go down if that happen and personally i iwll be ruined.

edit: also us is talking about increasing debt ceiling.. what does it mean? more $$ printed. i dont have to say what impact it will ahve.

 

[Jikki]

Singapore and Hong Kong have two of the lowest birth rates on the planet.

Yet both are considered advanced economies, with very high HDI, and both economies are performing very well.

You are right, the population growth is low in EU, Japan, Hong Kong, Taiwan, Singapore etc.... but do you really think they are worse off than India? Look at the HDI index.

i am sure they are better than india, thats why there are so many indian immigrants here.
but the point of my argument is not comparing with india, its merely that the huge number of houses will be occupied by a growing population. that is not going to happen in my opinion, unless there is massive immigration.

 

[Chinese-Dragon]

again, i wish china is not impacted , because I live in singapore and my home will go down if that happen and personally i iwll be ruined.

What on Earth are you talking about?

 

[Jikki]

What on Earth are you talking about?

i am saying that singapore is hugely dependent on china for a variety of economic reason. if china is impaceted then I, living in Singapore and owning a home here, will be impacted because Singapore property is like a casino.