Chinese make bubbles!

[Leo Maximus]

... The total debt of China (State, industry, finance, private sector) was in 2008 around 153% of GDP, it currently reaches 282% ...

China has no assets? What about debt?

The comparison is that of a debt accumulated over decades (by capital increase for example), with a GDP annual.

[Ahmed]

Although fully engaged, and often caricatured, in an imported economic model, China has certain specificities which sometimes make comparisons with other countries difficult.
The Chinese state, in the strict sense, has a more than comfortable surplus of capital, but it is made up largely of dollars having a fairly fictitious value ...

In reality, it is more relevant to analyze things in terms of flow rather than mass; from this point of view, since 2008, the growth in annual export surpluses has dried up and it is borrowing which now makes it possible to overcome Chinese social and economic contradictions.
Here there is an effect of contamination by the external model, the same causes producing the same effects.

[I Citro]

The 2nd link on Boursorama evoked the Chinese real estate crisis but curiously, the link it contains points to the French real estate crisis, which has nothing to do ...

The Chinese real estate crisis is it a truth that should be hidden ...

[Ahmed]

The latest Chinese indices indicate economic growth of only 9%, which is very little and marks a sharp contraction in manufacturing production, especially since it is likely that this figure is somewhat inflated by some artifices ...
This relative stagnation is observed despite the efforts of the Chinese government to revive the machine, with ever more abundant credits and two successive devaluations of the national currency ...

These devaluations "hurt" their American customers who fear for their exports, already at half mast.

The Chinese "miracle" is slowly gaining ground and we have not finished talking about it ...
What is really at issue behind these ups and downs is that the manufacturing industry is less competitive than the financial industry; Obviously, it is clear that a financial industry which succeeds in bringing down the manufacturing industry would lead ipso facto at the collapse, however, this is most likely to happen.
Some (and they are right!) May think that these two industries are not on the same register, yet their competition is exacerbated on a common and crucial point: the ability to further increase the enormous accumulation of abstract value. It is clear that the production of real goods is no longer up to the challenge.

[moinsdewatt]

The latest Chinese indices indicate an economic growth of only 9%, which is very little and marks a sharp contraction in manufacturing production, ace ......

9% was several years ago.

Officially the Chinese have given 7% growth in recent times.

But in fact nobody believes in the looks of the development of manufacturing indices and on energy.

http://www.lefigaro.fr/vox/economie/201 ... ndiale.php

[Ahmed]

Yes, the Chinese figures are to be taken with ... chopsticks!

[moinsdewatt]

With 2 million Chinese tourists, France breaks its records

http://french.peopledaily.com.cn/Touris ... 39791.html

and 100 million Chinese tourists outside their borders!