Last Monday, at the conclusion of China’s closed-door Central Economic Work Conference, Beijing’s public relations machine went into high gear to show that the country’s leaders had come up with a viable plan to rescue the economy.
Unfortunately, they do not now have such a plan. In reality, they decided to continue strategies that both created China’s current predicament and failed this year to restart growth.
China’s brassy leaders also think big, but soon their dreams will be beyond their grasp as well. In all likelihood, the fate of their plans tomorrow will mirror Wang’s today.
As most people already know, Gordon Chang has been talking like this for decades, since 2001, so he has been wrong in his numerous predictions.
Greece, in which Euro is used as its currency, can't implement stimulus plans, unless through the Central Bank of Europe. But this is not a problem for the US or Japan, both have implemented their own stimulus plans. Most other countries that have their own independent currency can use the same old trick. So there is a simple solution handy.
China can also implement its own quantitative easing at will, to lessen the negative effects of shrinking demands.
The economic slowdown of China right now, is caused by those of Japan and Europe. China, as the biggest trader in the world, is inevitably impacted.
GGC is just talking nonsense.
But shameful that this guy was born in China.
He's not born in China. He's half white, and half what? taiwanese?
half primate as -----apes,donkeykong????
There is an appropriate title for this kind of American-born Chinese: the banana man, a while heart inside with a yellow skin outside.
These articles, by this huckster/End Times author -- are on the same level as Alien Abductions and BigFoot TV series.
Every few months, someone announces the apocalypse as some shift takes place in China's economy -- now being adjusted to move from dependence on inexpensive labor to internal consumption.
China has experienced nothing like the American/"free market" collapse of 2008 -- which roiled economies across the globe -- but not China's.That event drained the life-blood from the American middle class, and it remains anemic after decades of crimped wages replaced by disastrously overextended credit.
Emergence of things like Trump are evidence of a Weimar-like danger as Americans fire in the dark at each other, unable to correctly interpret the cause of their distress.
There are and will be no Utopias -- including China.
But China has a coherent group of leaders in charge, executing a coherent plan that can be adjusted.
Ever more, America is a mob scene, including its confused and desperate "leadership" class.
No doubt some of them read this stuff and feel better.
GMT+8, 2017-3-24 10:22