Experts Say China's Economy Looks Grim for 2012

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Experts for the Chinese regime predict a slowdown for the country's economic growth next year, dropping to the lowest levels since 2001. As economic concerns grow, so too does social unrest.

The global economic recession is taking its toll on China's economy.

New research released on Thursday by senior researchers for the Chinese regime shows a slowdown in its exports, although it could still achieve seven to eight percent of economic growth in 2012.

[Yu Bin, Development Research Center of the State Council]:
"Unless the global economy doesn't see a deep recession, we predict next year China's exports will grow around 10 percent. I don't think there is much chance of a reduction in exports next year overall, but it is possible that over a particular month, or several months, there may be negative growth."

Experts say China's economic growth will drop in 2012.

[Yu Bin, Development Research Center of the State Council]:
"We think there is a high possibility that China's potential growth could drop by 20 or 30 percent next year."

Growth in Chinese exports and imports slowed in November.

Strikes and protests have rocked the nation in recent months as factories close down or relocate.

China's economic growth has slowed for three straight quarters and many forecasts see it dipping in 2012 to below 9 percent for the first time since 2001.

The Chinese regime has instituted several policies in recent weeks aimed at boosting growth.

But the biggest question the Chinese regime faces is how the Chinese people will react, and whether strikes and protests will increase.

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[redwhitedude]

@Anonymous52550 in the case of the KMT there was understanding that there was going to be a period of "tutelage" more like dictatorship of the KMT. However they have since cleaned up their act since being driven to Taiwan. The big difference is that they are willing to tolerate opposition parties that get elected such as in the case of the DPP which the CCP is unwilling to do. Legally KMT is in a much better position they can't just take somebody's land. They are far from perfect though.

[Anonymous52550]

@redwhitedude That is true. Whichever side that gains power and the support of the people will eventually take advantage of that power and turn against the people. The KMT rule was based upon the Three People's Principle, which is a very effective doctrine in theory, but it fails to take into account human nature. Same with the Communist government, they speak of serving and protecting the people but ignore the fact that there are certain officials who are extremely corrupt.

[redwhitedude]

@Anonymous52550 You know come to think of it this could be a role reversal between the KMT and CCP. The CCP outnumbers the KMT vastly but they lack discipline and are rife with corruption. Isn't that the situation in the late 30's between the two.

[redwhitedude]

@mispistoleros All these protest especially like the one in Wukan need to do is go national then the CCP will be screwed.

[redwhitedude]

@Anonymous52550 That's why I was shocked when a villager said even the KMT left the land alone. They've been spoon fed a lot of anti KMT propaganda. However the good thing is that contacts with the KMT and taiwan has been facilitated somewhat. That with all the crap that goes on with the CCP could give people who are fed up an alternative. They might think how come the people from Taiwan don't have to deal with this crap while we do? The CCP can't possibly keep contacts with them airtight.

[Anonymous52550]

@redwhitedude Every Chinese man, woman, and child has been taught to hate the KMT. Every single television series there has depicted KMT soldiers as thugs and thieves. It's no wonder the people of China today have forgotten what truly took place in the past. With all the unrest in China, nobody can be sure how much longer the CP can stay in control. Netizens are beginning to criticize the government and are hacking the Great Firewall of China. The CP are really gonna get it when their rule ends.

[redwhitedude]

@Anonymous52550 The CCP is going to learn the hardway why you need sound rule of law to regulate capitalism. Once people figure out that the fault is the CCP they are really going to get it. I was struck by one of the wukan villagers mention that even the KMT during WWII respected their land. It's kind of shocking to hear that since peopel are probably been fed anti KMT propaganda at least for the last 2 generations since 1949.

[mispistoleros]

@Anonymous52550, Whose incomes are the CCP trying to boost? A 2008 Chinese Academy of Social Science study, in conjunction with the Beijing Academy of the CCP and the Research Center for State Council, found that 2,932 out of China's wealthiest 3,220, are children of senior party officials. Nepotistic corruption is rampant right down to local party cadres, whose gambling habits forced Beijing to impose Macao visa restrictions on govt officials.

The new face of China, 2012? WUKAN

[Anonymous52550]

@redwhitedude The CP is willing to do anything to boost income. They get requests from companies to clear a patch of land for a factory or a new structure of some sort. The officials go out to dinner, promise each other favors, then the higher officials instruct the local government to vacate the people living where they want the factory, then they tear down the homes of the people. This happens all the time in China.

[redwhitedude]

@Anonymous52550 Does that involved selling land? Do you think the central government tells them to sell land or just figure out a way to boost GDP?