lawbert

Is China's Recession Worse Than We Thought?

I want to know what is the source leading to you saying that China is in recession. China is still one of the few countries that still has positive GDP growth in the world. High unemployment does not mean a country is in recession, especially you are only talking about a particular province. We don't declare recession just because of high unemployment here in the US. There are other main parameters to be based on. We don't declare recession simply because of high unemployment in New York. Please do your due intelligence before you try to say something meaningful. Everywhere in the world has financial problem as a result of the financial tsunami and everybody is cautious in investing nowadays. Chinese stock market has dropped over 40% and is a bear market - which everybody knows. There will be some kind of protests or riots all over the world, not just China. I don't know why the writer is trying to pinpoint.

China's Impending Financial Crisis

The writer's economic knowledge is mostly on free economy. He probably does not know much about closed economy like China. Money cannot be flowing in and out freely like in US here, although it is easier in China than before. Even for people in Hong Kong who wants to buy in RMB, they need to open up several bank accounts and buy in bit by bit over months. I am interested to know how the money can evaporate in a Market-controlled economy like China.