Predictions of an Economic Collapse in China

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China gave a huge warning to global capital markets Wednesday with its abrupt decision to lower its short-term bank lending rate by 50 basis points. This signals a desperate reversal from its recent trend of raising interest rates to control inflation.

I argue that China's real estate market is exhibiting the same warning signs we saw in the U.S. housing market prior to the 2008 collapse as well as the assumption that China has largely been fabricating its annualized GDP numbers under the guise of a phony credit expansion.

The reality is...Global GDP growth is contracting and this will ultimately lead to poverty and war.

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• estate
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[StupidCommentsMademe]

China is in a position that is similar to the position the U.S.was in during the twenties. However, that doesn't necessarily mean their economy will collapse but remember China is buying U.S. debt like the U.S. bought European debt, has been manipulating their currency as the U.S. did, and doesn't have enough precious metals to back it's wealth.

Another thing the U.S. will probably not go to war, during the depression it isolated itself.

The manipulation of currency can be a dangerous game.

[hkrainman]

China had increased huge amount of trade with South America, Middleeast and Africa. also lots of "New Exports" are Civil Engineering products such as bridges, tunnels and massive constructs the rest of the world increased fiscal stimulus.. look deeper guys..!

[grenda5]

The times are always changing,the hologram pieces get moved and shifts,but there cannot be a total collapse

[Mr100149]

14StockholmAnja,if you really care? Visit America public elementary school .half of the children without regular textbooks

[Mr100149]

The report of collapsed of China economy since 1980s.the dumb experts keep predict the collapse every year...

[fjt108]

@14StockholmAnja And 70% are obese because junk food is so cheap. BTW I support you on animal rights too. I'm vegan. I made this up in the Supermarket recently...

.

'Life's cheap if your a chicken, Even if yer finger lickin' Special offer Sainsbury, £2.50 get one free, Life's cheap if yer a chicken'....

Do you like it...even cheaper in China mind.

I don't support them but I do go to Asia often.

[Mr100149]

Americans and Europeans have same problems.talk smart and think dumb. If he so smart as he think.he will solve problem for US and EU.

[fjt108]

@14StockholmAnja We agree it's a cycle. Like a wheel of fortune so sometimes we're up then we go down. Now we're on the way down Asia is on the way up. And will be for a 100 years. The west is blind, has no manufacturing and would take 50 yrs to catch up China. When Mao was asked what he thought of the French revolution, he said 'I'ts too early to say'. Chinese think long term. We want quick credit to get what we want now. Hence the Disaster. China is debt free and owns the west.

[Mr100149]

14stockholmAnja, check clip Arianna huffungton "third world America"and reports from Sheldon Danziger,university of Michigan professor ,specializes in poverty.

[14StockholmAnja]

@Mr100149 1 out of 2 would be 50% of Americans and 50% of Americans DO NOT live below the poverty line. Where are you getting your facts from.