Chriss Street: Is China's Economic Miracle Over?

For this week's edition of EverydayPaper.com's How Do You Defend That? we focus on the Chinese economy and how it is heading into possibly very choppy waters. We have Orange County Treasurer Chriss Street discussing the situation, and how it is China that is sort of looking at a magnificent nightmare: either outcome of its current situation presages increased unemployment, continued inflation, and eventually a higher currency. The effect of this on the commodities sector is multi-variance -- but it does seem to indicate to use that within the span of a year there will be a slight let-off in Chinese demand for commodities.

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Category:

News & Politics

Tags:

• china
• economic
• miracle
• chriss street
• orange county
• treasurer
• republican
• street
• chinese
• economy
• stock market
• America
• U.S.
• success
• story
• industrial
• NAFTA
• trade
• unemployed
• unemployment
• GDP
• farming
• farmers
• endless supply of labor
• Australia
• commodities
• COMEX
• market
• markets
• asia

[TheFitnessShinobi]

hahaha, oh no my friend it has only began.

[prjerry7]

to answer the videos question; NO.

Chinas economy should continue to boom, it will slow down now that the worlds major consumers, USA & EU, are slowing. S. America & Africa should continue to develop if China wants its export based economy to continue to grow, they have plenty of workforce to fill any new wholes [2/3 of their population is still rural].

Chinas boom is feeding global growth, when their bubble pops it will be a hard & weird global economy.

[redwhitedude]

US more developed. Consumer country-> more developed domestic market that absorb what it is being produced.

China less developed domestic market-> produce for export because their domestic market is not as developed to absorb what is produced.

So it makes sense that US is consumer think of Now, while China thinks longterm

[gluvuv]

Also, the Chinese pay higher per centage for food because they use their savings to buy houses. The Americans pay house loans and credit card debts.

[gluvuv]

You missed many items. For example, you need to look at savings, people's savings.

[billybobhobnob101]

I've been hearing about China's demise for about 25 years now and I'm sure someday someone is going to say it and be right - maybe you but maybe not you.