China about to go "Bear" on us?

[Mega]

http://www.forbes.com/sites/gordonch...or-january-31/

I see China indust growth @ a 14 year low..............hmmmm
Mike

[Southernguy]

Re: China about to go "Bear" on us?

Definition of an economist: people that predicted 15 of the last 0 China crashes...
Just keep trying pals.
Some day the broken watch shall tell the right time...

[GRG55]

Re: China about to go "Bear" on us?

Definition of an economist: people that predicted 15 of the last 0 China crashes...
Just keep trying pals.
Some day the broken watch shall tell the right time...

A broken watch doesn't make a sound.

But there's always a loud ticking noise...just before the explosion ;-)

[Southernguy]

Re: China about to go "Bear" on us?

A broken watch doesn't make a sound.

But there's always a loud ticking noise...just before the explosion ;-)

China is not an "ordinary" capitalist country. It does not work like one. And it's particular ways of state oriented capitalism has been copied (some of them, not all of course) by USAmerica capitalism.
In particular it's use of state credit to avoid disturbances to real productive economy.
You can't understand what's happening (and I don't imply that I do and you do not) if you do not look carefully at China history.
China was a backwards semi feudal-semi capitalist country before 1949. From then it became a developing semi socialist country.
From the last seventies it started a way towards something different, a state controlled capitalism.
That at the same time intertwined with the needs from USA and Western Europe to find some place able to produce a gigantic flow of consumer products very cheaply. They needed to domesticate their working classes so they took the production from their countries and moved it to China (and other third world countries as well).
Not to be too long, you can't apply some supposedly well tested categories (when total debt to GDP reaches xxx level the economy shall adjust by credit crunch financial crisis, etc) to China.
These ill informed articles based on one aspect of a gigantic economy such as China's are completely useless to our ends: to know what's happening in order to be able to, at least, have a hint at what shall happen.
I have the impression that there is one metric that, when present, could complicate Chinese gov. efforts to control the economy and keep growth going: INFLATION
However they have had before bouts of inflation (not to big but certainly noticeable) without loosing such control.
I think, anyway, that if at some point inflation begins to grow and does not step down with government efforts to quelch it, then my very defective ears shall interpret that "the clock is ticking".
Until then business as usual and a bunch of paid intellectual goons earning their moneys by talking nonsense.