lol, arguing for the sake of arguing i know that you know that Japan, the former #2 economy in the world, has been stuck in mud since the early 1990s, and, in order to keep its economy afloat, has to resort to continuous QE. meanwhile, China's economy, beside not requiring any QE, has grown close to 20-fold. China has hit many economic roadblocks, but manages to keep on growing its GDP, without having to resort to QE ur 16 years late to the party, Gordon Chang had been hammering on that point since the late 1990s---predicting the collapse of China---since then,China's GDP has only grown 8-fold lol, arguing for the sake of arguing ! i know that u know that in order to keep its stagnant economy on life-support, Japan has to resort to never-ending QE, as well as UK / EU saddled w the uncertainty of Brexit ! any country that has to implement QE infinity / saddled w such uncertainty as Brexit is on thin ice touche, that is one of China's economic imperfections. likewise, US farm subsidies paying farming entities not to produce is another eg of economic imperfection.
Well, China now do have a bigger QE bubble than Japan if you look at their M2 to foreign reserve ratios. ---------- Recently, a Tsinghua U professor said China has US$22T worth of RMB circulating against US$3T worth of foreign reserve (ratio 7.33:1). In contrast, Japan has 945T yen circulating against US$1.2T foreign reserve (ratio 6.73:1), Hong Kong has US$1.6T circulating against US$0.383T foreign reserve (ratio 4.2:1)
I don't think just looking at the current China GDP growth rate is veru meaningful regarding the future Chinese economic outlook. We need to look into the future. One huge roadblock China will face and is irreversible for them is the sudden drop in working age population in the coming years due to the One Child Policy that lasted over 30 years. This One Child Policy also skewed the younger generation to have more non-Hans which will bring more unrest in the future. Of course, China notices this problem, too and is currently making every effort to slowly killing off its old people by pollution and weakened healthcare system. But obviously, this will simply put China in a vicious cycle that will eventually ruin their country and civilization.
LOL, way to publicize ur lack of understanding of what QE is QE is, when the effective interest rate is approaching, at or below zero (deep in a severe recession), the Central Bank intervenes to buy financial assets held by commercial banks. it is a move of last resort, like injecting morphine to a dying patient in order to keep him alive. as a last resort to keep its economy afloat, Japan has implemented QE multiple times, w more to come; China, post-Deng, has never been in that economic predicament. what about it ? if only you are capable of making a point ! so, what is your point ? it'd appear that ur cutting/pasting stuff from an article, about which you don't comprehend LoL, the purveyor of fake news, reminiscent of Sarah Palin's lies about ObamaCare , that it has death panels for old people
You are only citing a narrow definition of QE. In broader sense, QE means increasing money supply significantly through whatever means, e.g. printing money from thin air. Anyway, dwelling on the definition of terms doesn't add anything to discussion, it seems like you didn't disagree with me that China's M2 to foreign reserve ratio is high. You also didn't try to deny that One Child Policy will cause a sharp decline in working age population.
therein lies ur ignorance ! if ur gonna debate about QE, at least learn what it is; dispense w the meaningless rhetoric "printing $ from thin air"
I think we should just waltz into the South China Sea and join the island building business. Why not? We can say it was discovered by Lewis and Clark. That makes at least as much sense as China's bizarre claims.
With Trumps penchant for questionable real estate and climate change denial, you're tempting fate here, Deckard.
Japan's economy is more advanced and 2+2 = 4. These are facts, sorry if it offends your Chinese nationalism. China resorts to printing money even though it has ghost cities and has implemented means to keep the middle and upper class wealth from leaving overseas. What other countries in 2016 need to prevent private capital from leaving? It's 2016, you keep quoting someone who has no relevance. I've already provided your evidence that China has a serious toxic debt problem. Yawn..... Despite your narrow definition of QE.... China has been endlessly printing money in order to prop up its economy. It's toxic debt is worst for any major economy as Japan, the EU, and the US aren't racking up debt paying people to dig holes and then fill them. Totally different. America subsidies food in order to prevent food shortages. China subsidies employment in order to keep people employed so they don't revolt. It seems you don't know what's happening in China in 2016.
Well be as precise as possible.... how are you defining QE? YMC is looking at the supply money, what exactly are you looking at?
what part of what i had posted, ~ 5 posts ago on this page, you don't understand ? that's just weak. unable to debate an economic issue on economic grounds, you have to stoop this low ! shame on you. you conveniently assume that I am a Chinese national, and you'd be wrong. I am an American, born and bred. Japan is more advanced as a currency manipulator, by comparison, China is but an amateur. when an economy is on thin ice, mired in a recession/depression, QE is the last resort to keep it on life-support. here are the facts, within the last decade, the US had to QE 3 times; and its economy has recovered. Japan has also had to QE 3 times, but w no recovery in sight, more QE is expected. the Chinese economy has not been in that predicament, where it had implement QE, a move of last resort After you have applied yourself---learning more economics, in particular QE---i'd be happy to debate you. actually, what you call "evidence" is a Bloomberg article that parrots Gordon Chang's position, which has been proven wrong.
Let's visit this in five and ten years. Just like Brexit and electing Trump, talk is cheap, result will prove things.
actually, the results are in. cheap talk led by Gordon Chang, in ~ 2000, China's economy, beset w structural issues, bad loans and toxic debt, will collapse the results are in, Since that call, as of 2016, China's economy has grown 8-fold, in the process, over-taking Japan as the 2nd largest economy in the world. according to the International Monetary Fund (IMF), of which all the leading economies are members, in 2014, on a PPP basis (GDP adjusted for purchasing power), China had surpassed the US as having the largest economy http://www.businessinsider.com/china-overtakes-us-as-worlds-largest-economy-2014-10
We haven't had a China fight around here in a long time. It's like Yao and Tracy are playing in the Toyota center again.
I am not predicting anything right now, just want to see how Xi handles things the next four or five years.
in the same manner that people want to see how Trump handles things in the next 4 yr; will he replace ObamaCare, build the border wall and have Mexico pay fo it disclose his tax returns, disclose that some of his international ventures are financed by Chinese banks/consortium that have ties to the Chinese Government
Again, you are avoiding my hard numbers of M2 to foreign reserve ratios. Also, you ignored the coming working age population collapse I suggested.
actually, you had cut / pasted stuff from somewhere, without understanding what they mean, unable to make a point are you so un-informed, not realizing that you've been parroting points/suppositions previously made by Gordon Chang, which have been proven wrong ? are you so un-informed that you don't know that China had ended their one-child policy.?
