whats going on i ask?, page-24

chimera

I disagree with your comment about china struggling.
They have a growth rate of 7.6%, yes its down from this time last year but keep it in perspective, 7.6% is great. Retail sales are up, bank lending is up, and electricity usage is stable. Coal stockpiles have increased but remember winter is just around the corner for them.
Though I am far from being an expert on such matters I do know that during one winter when I was there all port loading and unloading came secondary to movement of coal due to an extremely cold winter. Perhaps they have stockpiled excess coal for just such reasons this year.

I have recently returned from living there for a year and a half and only by being there can one truly see what its like. There isn't a snowflakes chance in hell that beijing will allow the country to go down the path of greece and others. That would bring about complete social unrest, beijing will not tolerate social unrest under any circumstances. They would prefer to avoid such a catastrophe rather than crush it, though they are experts at crushing social unrest.

They are about to go through some political changes and once again there is not a snowflakes chance in hell that the reins will be handed over in a state of economic or social turmoil.

China will not come to a standstill or go back to the dark ages of mao. They can never be the most powerful or influential country if they stay in the dark ages.

We still have ample opportunities to make some money from them, though it just might take a little longer than we hoped for..