China: 6.7 Million Job Losses

[LargoWinch]

Lets compare the numbers:

I was born in a town of 300,000. 20 million new workers per year? Canada has 30 million people. Speechless I am.

Runtime: 1min:50sec.

[Sapiens]

Re: China: 6.7 Million Job Losses

G-d forbid they turn into a war machine.

[Wild Style]

Re: China: 6.7 Million Job Losses

what is this in percentage terms in relation to the overall population?

[metalman]

Re: China: 6.7 Million Job Losses

what is this in percentage terms in relation to the overall population?

let's see now... if...
China had 113.9 million migrant workers in 2003

...then 6.7 million losses = 6%.

but only a fraction of workers are migrant, so who can say?

all the stats are lies. you can be 100% sure the real situation is worse.

read the non-commie press...

China's Worst Nightmare: Unemployment - TIME

China Unemployment Rates

China Unemployment - Data and Methods

China's unemployment level 'critical' - ABC News (Australian ...

China Digital Times » Chinese Caddies Join the Unemployment Line

[The Outback Oracle]

Re: China: 6.7 Million Job Losses

Just a frontline comment from a bloke who is seriously being shot at in business...China is screwed. I see comments here "IF" China goes into meltdown!!! Now suppose the US had RE go down 30% in a month and factory closures everywhere, you'd reckon you were in a financial meltdown! That's where China was at last October!
Everyone is underestimating how badly world trade is being hit. As posted elsewhere, the last session of the trade fair in Canton, far and away the biggest thing there is, was virtually unattended. There were no buyers from anywhere in the world. Eventually this will show up in stats in about 9 months if i am half right.
I would not like to comment on the political and military implications. I like Chinese people. They like to drink as much as we do here in Aus! so, if we could all sit around and drink beer and Moutai i reckon we could sort thios bloody world out. But there is a faith in what their Govt tells them much as we were in the 50's. It seems to me to be a dangerous phenomenon. Maybe not for the US, but for the rest of us. AND, if they start and finish the rest of us, they will tell you, in ther US, where to park your aircraft carriers. You will say "yes sir! no sir! three bags full sir! I know this is a bit way out there, but, anyone who trusts any Govt has rocks in their head. Anyone who trusts a dictatorship, where psychopaths are likely to rule, is stupid beyond words! And we, in the Western world have been stupid beyond words. The problem is here that it can't be fixed except by taking some very harsh medicine. Pseudo medicine and placebo effects (we're going to inflate our way our ) are not going to resolve the problems created over the last 50 years.
Now maybe the US is in its own world but the rest of us have to deal with the world as it is.

[LargoWinch]

Re: China: 6.7 Million Job Losses

Yah! Outback, your ideas are rushing out on the electronic board so fast (and without any paragraph separations) that I cannot follow you. Must be the Aussie accent or the Moutai you have been drinking?

Anyway, are you saying:
a) China is being hit hard
b) Things will get worse in 9 months
c) All govt are liar and we should not listen to them
d) US is insulated from the economic world
e) All CBs are inflating away
f) All of the above

Anyway, I like this sentence the best:

[Maybe not for the US, but for the rest of us. AND, if they start and finish the rest of us, they will tell you, in ther US, where to park your aircraft carriers. You will say "yes sir! no sir! three bags full sir!]

[touchring]

Re: China: 6.7 Million Job Losses

basically, 50 million people will return to the paddy fields and spend $1 a day on salted vegetables and soup.

Just a frontline comment from a bloke who is seriously being shot at in business...China is screwed. I see comments here "IF" China goes into meltdown!!! Now suppose the US had RE go down 30% in a month and factory closures everywhere, you'd reckon you were in a financial meltdown! That's where China was at last October!
Everyone is underestimating how badly world trade is being hit. As posted elsewhere, the last session of the trade fair in Canton, far and away the biggest thing there is, was virtually unattended. There were no buyers from anywhere in the world. Eventually this will show up in stats in about 9 months if i am half right.
I would not like to comment on the political and military implications. I like Chinese people. They like to drink as much as we do here in Aus! so, if we could all sit around and drink beer and Moutai i reckon we could sort thios bloody world out. But there is a faith in what their Govt tells them much as we were in the 50's. It seems to me to be a dangerous phenomenon. Maybe not for the US, but for the rest of us. AND, if they start and finish the rest of us, they will tell you, in ther US, where to park your aircraft carriers. You will say "yes sir! no sir! three bags full sir! I know this is a bit way out there, but, anyone who trusts any Govt has rocks in their head. Anyone who trusts a dictatorship, where psychopaths are likely to rule, is stupid beyond words! And we, in the Western world have been stupid beyond words. The problem is here that it can't be fixed except by taking some very harsh medicine. Pseudo medicine and placebo effects (we're going to inflate our way our ) are not going to resolve the problems created over the last 50 years.
Now maybe the US is in its own world but the rest of us have to deal with the world as it is.