Chinese Economics Thread

[antiterror13]

Just read a translated article that the, China Railway Corporation's total deficit is 4.1 Trillion RMB or 630 billion dollars US.

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I am sure you fully understand the difference between deficit and debt?

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I am 100% fully confident ... you know what you are talking about

Deficit is in Income statement and Debt is in Balance Sheet .... ask University Google

CRC debt ratio is actually fell from 66% to 65% (again it is Balance Sheet items )

 

[Jura The idiot]

... It sort of like reporting only when the China stock market hits a low but never report in between how it went back up.

I started to occasionally look at the Shanghai Stock Exchange
Jun 28, 2015
with

now I skimmed through a series of CNBS articles of so called bubble in Chinese stocks ... should I believe it, or it's run-of-the-mill? (you can start with

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and like go backwards from this one) ... just asking ...

and that article quoted the index of 4,528 then (after the previous slid); you told me
Jun 28, 2015

Of course it's run of the mill because the Chinese stock exchange has never been a good gauge on the economy. 4000 is nothing, It dropped to around 2500 a couple years ago and they said it was tanking.

and I see 2,832 now
at

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so is this still just run of the mill?

 

[solarz]

and I see 2,832 now
at

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so is this still just run of the mill?

Why not just click on the 5y or 10y trends and answer your own question?

 

[Jura The idiot]

Why not just click on the 5y or 10y trends and answer your own question?

actually I was working on the one-year chart was about to edit my preceding post, but now I'll put here what I got:

 

[solarz]

actually I was working on the one-year chart was about to edit my preceding post, but now I'll put here what I got:

You were asking if this was run of the mill. You can just click on 5y or 10y and see the answer.

 

[Jura The idiot]

You were asking if this was run of the mill. You can just click on 5y or 10y and see the answer.

what answer would I see?

 

[solarz]

what answer would I see?

You would see that from 2010 to 2014, the index has mostly stayed between 2000 and 3000 points. It had a surge in 2015, but has now fallen back to that range.

 

[Jura The idiot]

You would see that from 2010 to 2014, the index has mostly stayed between 2000 and 3000 points. It had a surge in 2015, but has now fallen back to that range.

I'm on it but posting other stuff in the meantime; now I manually found what appears to be close to the minimum during the last dozen of years: something like 1050 on the 1st of May, 2005:

 

[AssassinsMace]

I started to occasionally look at the Shanghai Stock Exchange
Jun 28, 2015
with

and that article quoted the index of 4,528 then (after the previous slid); you told me
Jun 28, 2015

and I see 2,832 now
at

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so is this still just run of the mill?

Yeah it's back to normal.

 

[kroko]

Pretty sure there have been articles about debt dangers from state media for the last few months if not years...

I think the media are interested in portraying it as something like "the debt is getting so bad that even govt mouthpieces are admitting it," as part of the broader narrative I've noticed in the last couple of months suggesting that debt is now the harbinger of China's inevitable economic collapse (with currency outflow, stock market drop, being the major prior narratives of last year).

I dont know if there will be an economic colapse in china. But judging by a lot of news outlets (now the people´s daily too), china has a big and growing debt problem, with lots of zombie capital sloshing around. We see bubble after bubble in china. (first in the stock market, now in real estate and commodities). And the chinese government doesnt seem to do anything to stop it, nor does seem to have a credible solution for it.