huangthomas

Obama Does Little to Ease U.S.-China Economic Tensions

I still don't understand why Obama wants to go to China to be humiliated. He was served Chinese "cold dishes": 1) A carefully staged town hall meeting. 2) A censored press interview. A few pages are missing in the press release. 3) A lifeless joint press appearance with President Hu. Barack, please stay home. Your populist style and silver tongue can only go so far. There are no foreign markets for them, even with free trade, especially across the Pacific Ocean.

Pegged Renminbi Will Be Hard to Internationalize

Countries in "quantitative easing" mode (US and Great Britain) are printing money. Their national debt will soon exceed 100% of GDP. Borrowing money is not equivalent to printing money. China's national debt is only 35-40% of GDP (official figure is 16.5%). Considering Germany is 75% and Japan is 175% of GDP, China has her nationl debt under control. There is no "printing money" issue in China.

On Jul 22 07:55 AM Living4Dividends wrote:

> Thank you for the great article.
>
> Question: Do you think that the Yuan will rise, despite the fact
> that China has been printing so many of them lately?

China's Economic Growth Claims Lack Credibility

What a great selective observation! Go out to countryside and farm belt where 20-25 million unemployed migrant workers live. Go to Pearl river and Yangtze river triangles where export industries are located and see how many factories are closed or abandoned.


On Apr 27 09:41 AM DY wrote:

> I am living in Beijing and there is definitely no sign of a recession.
> Disposable spending is up 20% Y/Y in Beijing. I have to wait in line
> for 45 minutes to eat in local restaurants. The Western part of the
> country, where the Congqing, the world's largest city is located,
> is about the same.
>
> Southern part of the country is hit harder. However, I was there
> last weekend and the factory that I visited said that they were back
> to full capacity.
>
> I do not buy the governement figure either but I think this economy
> is stronger than what most people give it credit for.

On China and What the World Won’t See During the Olympics

I have always encouraged everyone to challenge the supremacy of the USA. It is always beneficial to us in the long run. USA is not always beyond criticism. But the Chinese hype of their acomplishment over the current world development is obviously highly inflated!

On China and What the World Won’t See During the Olympics

Comparison of China and the United States is inherently difficult. They are two entirely different countries in terms of cultural, political, and economic systems. American systems have evolved over centuries of Western culture, but Chinese system has been put together and experimented with only for the last 30 years for so. Remember communism has been experimented for almost 100 years before it was a proven human disaster. How about Chinese systems of politic and economy? Well, they may have a better chance then Red Russian Empire, but the success is hardly assured.
Chinese, with a few favorable statistics, are more anxious to do comparison with the United States in the Olympic year to show that they are an emerging "superpower", which Russian has done before. Chinese did accomplish a lot through their reform and development policy, but it takes more, a lot more, to be a superpower. I wish them well, but it is too early to make any conclusion. I'll consider any of the favorable comparison with the United States aired by Chinese partisan as an Olympic year hype.