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CHINA'S ECONOMY SLOWING DRAMATICALLY

 
Anonymous Coward
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07/22/2015 03:19 PM
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CHINA'S ECONOMY SLOWING DRAMATICALLY
Earlier this week, China reported better-than-expected gross-domestic-product growth in the second quarter, growing 7% against expectations for a 6.9% expansion. But even this growth rate is China's slowest in over two decades.

And now Apple's disappointing quarter may be confirmation that China's economy is not only slowing, but slowing more dramatically than markets expect.


[link to finance.yahoo.com]
Anonymous Coward (OP)
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07/22/2015 03:20 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
in the past few months we've seen a huge sell-off in the Chinese stock market, which has been viewed as either a harbinger of assured global economic doom or not a big deal because the Chinese economy isn't as financialized (meaning the actual economy won't be greatly affected by big swings in the stock market) as, say, the US economy.



But as Cowen notes, whether the impact on US companies is related to the recent stock-market action or not, there appears to be something off about the Chinese economy. At least as it appears to some of the biggest US companies.
Anonymous Coward
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07/22/2015 03:20 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
7% growth is still phenomenal by world standards.
JustChilling

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07/22/2015 03:27 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
7% growth is still phenomenal by world standards.
 Quoting: Anonymous Coward 30415483


Yes it is...
That used to be normal for us before 08. We'll never see 7% again.

We'll be lucky to see 2% and that's pushing it.
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
-Winston Churchill
Anonymous Coward
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07/22/2015 03:28 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Anyone wanna make a mint? Let's go to China and open a dog house. Not like here in the USA, the dog house in China would be for eatin'!
Anonymous Coward
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07/22/2015 03:28 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Now you know why they are opening Cuba up to the importation of CCC, it's not political, just a new market to tap.
Not A Shill

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07/22/2015 03:30 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Anyone wanna make a mint? Let's go to China and open a dog house. Not like here in the USA, the dog house in China would be for eatin'!
 Quoting: Anonymous Coward 68792062


KORHOTDG
Michele B

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07/22/2015 03:46 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Whatever happened to the closing of he Chinese stock market exchange? Is that still in effect? If so, wouldn't you figure that would be contributing to China's contracting economy?
Anonymous Coward
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07/22/2015 03:49 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
What would happen if the US Gov't and the Rothschilds weren't messing with Dow Jones? It would have never been the shit.
Anonymous Coward
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07/22/2015 03:49 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Anyone wanna make a mint? Let's go to China and open a dog house. Not like here in the USA, the dog house in China would be for eatin'!
 Quoting: Anonymous Coward 68792062


:KORHOTDG:
 Quoting: Not A Shill


now that is AWESOME!
Anonymous Coward
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07/22/2015 03:53 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Part of it is the cheap Chinese labor is not so cheap anymore. Enterprises are moving to India and Africa.
Anonymous Coward
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07/22/2015 03:57 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
laugh

BRICS
Anonymous Coward
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07/22/2015 04:52 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
7% growth is still phenomenal by world standards.
 Quoting: Anonymous Coward 30415483


That 7% growth is as real as the 5.3% unemployment in US
Anonymous Coward
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07/22/2015 04:54 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
7% growth is still phenomenal by world standards.
 Quoting: Anonymous Coward 30415483


Yes it is...
That used to be normal for us before 08. We'll never see 7% again.

We'll be lucky to see 2% and that's pushing it.
 Quoting: JustChilling


7% has not been normal for us for a very long time
3-4 more like it
Even that
Is
Gone w the wind
Anonymous Coward
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07/22/2015 05:20 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
7% growth is still phenomenal by world standards.
 Quoting: Anonymous Coward 30415483


The only way they grow is by ripping their country to pieces.
Anonymous Coward
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07/22/2015 06:16 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
It could either be that US QE has stopped (and the stock market right with it) or it could also be that the people buying things made with slave labor have enough things. Everyone has a flat teevee now, why would we need more? They should have made them fail after a year - once they figure that out, their economy will flourish.
Anonymous Coward
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07/22/2015 07:19 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
China's economy is literally collapsing and it is being propped up by it's government.
Anonymous Coward
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07/22/2015 07:21 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Americans aren't spending
Americans growing wiser
Americans not paying taxes
Americans starting to produce USA made goods

Americans aren't going to lay down and accept their vaccinations.
Anonymous Coward
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07/22/2015 07:28 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
China is a very corrupt nation. Now, so are many other nations, but China takes it to a whole new level. They lie their asses off about everything, none of their numbers are reliable, everything of value gets funneled off to poople with power and connections, they have no strong middle class (just hundreds of millions of peasants and a few super-billionares), they are all about nepotism and hooking their familes and buddies up, their is no rule of law, and their pollution levels are off the charts.

On the plus side, they do work hard and and have national pride.

I'm just worried that as things go from bad to worse there, the government will start getting more warlike and belligerant. Usually when any country faces internal dissent, a good quick way to create unity is to start up the patriotism engines by either acting warlike or starting a real war. If the US ever vacates the Pacific, countries like Taiwan, Japan, Philippines, Korea, Souteast Asia, etc. are big fat sitting ducks just waiting for China to come along and pick the meat off the bone.
Anonymous Coward
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07/22/2015 07:46 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
7% growth is still phenomenal by world standards.
 Quoting: Anonymous Coward 30415483


GDP is a fake statistic, especially from China. They add sovereign debt into the calculation, and they continually modify how they calculate GDP. I think the US changed how they calculate GDP last year to include things like R&D, numbers they never used to include. In Europe some countries have started to include estimated spending on drugs and prostitution.

For example.

.
Anonymous Coward
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07/22/2015 07:47 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
i had 7% growth this morning.
banana2
Thulsa

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07/22/2015 07:50 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Factor in that the Chinese love to gamble; a lot of that was evident in the run up of their stock market. Yes, down the last few months, but was up something like 70% give or take in the previous year. Their market is NOT an indicator of their economic activity or economy.

Then again how much is ours these days???
There is nothing quite as compelling as a bad idea whose time has come...
Thulsa
Anonymous Coward
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07/22/2015 07:53 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
doom for gm, they sell more cars there now
Anonymous Coward
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07/22/2015 08:01 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
Growth without Limit, is the mantra of Malignant Tumors, and Demon-Worshipers.
Lil Sis

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07/22/2015 08:24 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
7% growth is still phenomenal by world standards.
 Quoting: Anonymous Coward 30415483


It's not 7%. What makes you think you can believe that figure?
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Anonymous Coward
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07/22/2015 08:24 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
in the past few months we've seen a huge sell-off in the Chinese stock market, which has been viewed as either a harbinger of assured global economic doom or not a big deal because the Chinese economy isn't as financialized (meaning the actual economy won't be greatly affected by big swings in the stock market) as, say, the US economy.



But as Cowen notes, whether the impact on US companies is related to the recent stock-market action or not, there appears to be something off about the Chinese economy. At least as it appears to some of the biggest US companies.
 Quoting: Anonymous Coward 67179658


everyone is investing in Crimea
Apocalypse Troll
Trollicus Apocalyptus

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07/22/2015 08:26 PM

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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
That number is pure fiction, promulgated to try to save their stock market.
attxflag
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Anonymous Coward
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07/22/2015 08:29 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
i had 7% growth this morning.
banana2
 Quoting: Anonymous Coward 6865861


Dead cat bounce, sir..............
Lil Sis

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07/22/2015 08:30 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
China's economy is literally collapsing and it is being propped up by it's government.
 Quoting: Anonymous Coward 62419772


You bet it is.

Can you imagine if here in the US the market slumped like that so they closed it down for a couple of days, told 1/3 of companies they couldn't trade, and then dumped some freshly printed money it to revive it?

Would you believe anything that they said a week later?

Of course not. Why is anybody believing China which has lied 100% of the time on everything?

Greed is so blinding.
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Anonymous Coward
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07/22/2015 08:37 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
China's stock market fake. After 6 moths investors will dump their shares. China's Shadow banking trillions more will be in abyss. China's illegal reclamation cementing of corals and shoals in the Pacific is Bad Feng-shui.

Gold prices will go down - Global recession will hit China's hoarders.
Anonymous Coward
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07/22/2015 08:42 PM
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Re: CHINA'S ECONOMY SLOWING DRAMATICALLY
That number is pure fiction, promulgated to try to save their stock market.
 Quoting: Apocalypse Troll


Their stock market bubble was inflated to take attention off their collapsing exports, global GDP is deflating like a balloon.

.





GLP