Author Topic: China must wean itself off debt addiction if it is to avoid financial calamity,  (Read 3616 times)

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Offline Ptarmigan

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China must wean itself off debt addiction if it is to avoid financial calamity, warns IMF chief
http://www.telegraph.co.uk/business/2016/10/09/china-must-wean-itself-off-debt-addiction-if-it-is-to-avoid-fina/

Quote
China is edging towards "financial calamity" and must wean itself off its debt addiction and reform if it is to avoid a crisis, the International Monetary Fund has warned.

Markus Rodlauer, deputy director of the IMF's Asia-Pacific department, said the world's second largest economy was approaching a tipping point where its rapidly growing financial sector and surge in shadow credit could undermine the state's ability to contain the fallout from a crash.

"The level of financial and corporate debt and the complexity of the financial system and rapid growth in shadow banking is on an unsustainable path," he said.

China has some serious financial problem. We could see another financial problem down the road.
Never interrupt your enemy when he is making a mistake.
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Offline Big Dog

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China must wean itself off debt addiction if it is to avoid financial calamity, warns IMF chief
http://www.telegraph.co.uk/business/2016/10/09/china-must-wean-itself-off-debt-addiction-if-it-is-to-avoid-fina/

China has some serious financial problem. We could see another financial problem down the road.

How do you say "John Maynard Keynes" in Chinese?
Government is the negation of liberty.
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CAVE FVROREM PATIENTIS.

Offline DumbAss Tanker

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The IMF Chief is operating under the belief that the Chinese have been, and intend to keep, operating by the same financial rules and principles that the EU/US international banking structure do.  That is a mistaken assumption.
Go and tell the Spartans, O traveler passing by
That here, obedient to their law, we lie.

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Offline BlueStateSaint

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How do you say "John Maynard Keynes" in Chinese?

Mao! :whistling:
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline Big Dog

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Government is the negation of liberty.
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Offline Ptarmigan

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The IMF Chief is operating under the belief that the Chinese have been, and intend to keep, operating by the same financial rules and principles that the EU/US international banking structure do.  That is a mistaken assumption.

Central Banks are playing with fire.
Never interrupt your enemy when he is making a mistake.
-Napoleon Bonaparte

Allow enemies their space to hate; they will destroy themselves in the process.
-Lisa Du

Offline BlueStateSaint

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Central Banks are playing with fire.

Their 'Day of Reckoning' is coming.  It always does.
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline thundley4

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China could call in the US debt to them and solve some of their problems.

Offline Gamle-ged

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China could call in the US debt to them and solve some of their problems.

Stated in a variety of ways by a variety of people, "If I owe you $10, I'm in your debt. If I owe you $10,000,000 you're in MY debt."

http://www.barrypopik.com/index.php/new_york_city/entry/if_you_owe_a_bank_thousands_you_have_a_problem_if_you_owe_a_bank_millions_t/
"This is football season. A team can have more yards and lose the game. What matters is how many points you put on the board. The Electoral College is the points."   (Newt Gingrich)