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  • China is No. 1 risk for world economy: Soros

    From marketwatch.com

    Don’t worry too much about the U.S. or Europe, says George Soros. The major uncertainty facing the world today is China, writes the billionaire investor in a column for the Project Syndicate website. He says: “There is an unresolved self-contradiction in China’s current policies: restarting the furnaces also reignites exponential debt growth, which cannot be sustained for much longer than a couple of years.” The People’s Bank of China moved to rein in debt in 2012, but then the world’s No. 2 economy experienced “real distress,” Soros writes. So China’s Communist Party reasserted its supremacy, ... (full story)

  • #1
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  • Jan 3, 2014 5:53pm Jan 3, 2014 5:53pm
China has never to my knowledge in my lifetime had a correction -- so she is kinda' over due I guess....
  • #2
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  • Jan 3, 2014 7:31pm Jan 3, 2014 7:31pm
hum, remember guy gone long at 3000 on china or so and now angry. win 1b here lose one b there.. so overall nothing to write home about....

looks like he exited long in disgust.

probably time to go long as 66% off high.
  • #3
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  • Jan 4, 2014 12:37am Jan 4, 2014 12:37am
China economy has succeeded over the past 20 yrs. There is no economy in the world that can sustain economy growth over 50 yrs without up and down.
  • #4
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  • Jan 4, 2014 12:55am Jan 4, 2014 12:55am
Well china's economy engine is fueled by the rest of the world getting their goods manufactured in china. As more and more western business close their factories in the USA and Europe because they can't compete with china's manufacturing prices, this will continue to feed growth in china. Only when all manufacturing has been moved to china will steep growth cease in China. The only real threat in the near term is that India starts beating china by making good even cheaper, and then china will crash as we start buying from India.
  • #5
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  • Jan 4, 2014 1:07am Jan 4, 2014 1:07am
China's economy engine is overheating
  • #6
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  • Jan 4, 2014 1:26am Jan 4, 2014 1:26am
Nope. It's not overheating. Inflation in 2013 is 2.5 - 3.5%. That's low for my standard. High inflation is above 6.5%.

China doesn't compete head to head in term of products with USA, Europe, Japan, and Korea. Well, China has Lenovo bought from IBM, but the technology is below of IBM.

Baidu doesn't compete head to head with Google or Amazone.

Computer hardware manufacturers are mostly in Taiwan. Software is mostly in India.

As people do better, they demand better products and brand name.
  • #7
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  • Jan 4, 2014 1:35am Jan 4, 2014 1:35am
Quoting frx_trader
Nope. It's not overheating. Inflation in 2013 is 2.5 - 3.5%. That's low for my standard. High inflation is above 6.5%.

China doesn't compete head to head in term of products with USA, Europe, Japan, and Korea. Well, China has Lenovo bought from IBM, but the technology is below of IBM.

Baidu doesn't compete head to head with Google or Amazone.

Computer hardware manufacturers are mostly in Taiwan. Software is mostly in India.

As people do better, they demand better products and brand name.
I noted. thank you.
  • #8
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  • Jan 4, 2014 3:49am Jan 4, 2014 3:49am
  •  Trader#B4FF
  • | Status: Unregistered Trader
Dont worry too much about the US and Europe Lol

Looks to me as if someone is looking to unwind long positions
  • #9
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  • Jan 4, 2014 10:55am Jan 4, 2014 10:55am
buy buy buy

china has at least another 10 years of growth
  • #10
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  • Jan 4, 2014 11:47am Jan 4, 2014 11:47am
hello scientist, what will we buy? is it euro/usd?
  • #11
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  • Jan 4, 2014 12:22pm Jan 4, 2014 12:22pm
China is the next king of Economic Armagedon........ I suppose this year we will see....
  • #12
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  • Jan 4, 2014 1:35pm Jan 4, 2014 1:35pm
And with the US Govt working with China to devalue the USD, buy the Yuan
Come with me if you want to live....
  • #13
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  • Jan 4, 2014 2:05pm Jan 4, 2014 2:05pm
  •  Trader#82A1
  • | Status: Unregistered Trader
do not worry about China. China is not alone. Global economy is being reshaped by the phenomenon I call sci-tech-human power complex which is result of globalization of KRID (knowledge, research, innovation and development) in the wake of unprecedented innovations. Human civilization has entered into its 3rd and hitherto highest phase. human being and sci-tech are co-evolving and complementing each other. Reason behind the eocnomic woes of USA, Western Europe and Japan also is mainly this phenomenon. issue is of relativity. Previously, developed world did not face any competition rather it enjoyed cheap raw material, labour and premium profits for their finished products, yet they are increasingly loosing that advantage.
  • #14
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  • Jan 5, 2014 2:21am Jan 5, 2014 2:21am
😆👌👌👌
  • #15
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  • Jan 5, 2014 3:20am Jan 5, 2014 3:20am
Once they unpeg their currency besides the HKD, the RMB then we can talk otherwise it's all just manipulation of useless FIAT paper. You could wipe your a$$ with it if you like!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16
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  • Jan 5, 2014 3:22am Jan 5, 2014 3:22am
Quoting Scientist
buy buy buy

china has at least another 10 years of growth

Rather buy gold and silver. OH China does that in METRIC TONNES! sorry, never mind me.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17
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  • Jan 5, 2014 3:22am Jan 5, 2014 3:22am
CURRENCY PEG or PIG?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18
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  • Jan 5, 2014 7:28am Jan 5, 2014 7:28am
  •  Trader#B032
  • | Status: Unregistered Trader
No surprise! I've known that China has been "cooking the books", BIG time, since 2007.
  • #19
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  • Jan 6, 2014 1:40am Jan 6, 2014 1:40am
Quoting XTrade
Rather buy gold and silver. OH China does that in METRIC TONNES! sorry, never mind me.
I'm hearing that "buy gold, China buys it a lot..." since gold was $1760 (2012). They are still buying I see...
  • #20
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  • Edited 2:42am Jan 6, 2014 2:22am | Edited 2:42am
Quoting michaelpelly
I'm hearing that "buy gold, China buys it a lot..." since gold was $1760 (2012). They are still buying I see...
Not surprising. Gold is in demand in Asia, especially among the countries that currencies hit hard. There is no escape.
  • #21
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  • Jan 6, 2014 2:26am Jan 6, 2014 2:26am
Quoting michaelpelly
I'm hearing that "buy gold, China buys it a lot..." since gold was $1760 (2012). They are still buying I see...
Sometimes people carry Gold worths USD 50000. That's right 50 thousands USD in a luggage on an Airplane. Don't you read the news recently?
  • #22
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  • Jan 6, 2014 3:26am Jan 6, 2014 3:26am
Quoting frx_trader
Sometimes people carry Gold worths USD 50000. That's right 50 thousands USD in a luggage on an Airplane. Don't you read the news recently?
Yeah right. And I have an experimental linear-magnetic aircraft engine that I'm developing as hobby in my basement lab.

How exactly this correlates with the declining gold prices for more than year!?
  • #23
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  • Jan 6, 2014 3:49am Jan 6, 2014 3:49am
Quoting michaelpelly
Yeah right. And I have an experimental linear-magnetic aircraft engine that I'm developing as hobby in my basement lab.

How exactly this correlates with the declining gold prices for more than year!?
Not quite sure about the correlation. But the demand for Gold is quite high since the price drops.
  • #24
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  • Jan 6, 2014 5:55am Jan 6, 2014 5:55am
If China were to go tits up, say bye to US and Euro zone before that. People simply fails to see the amount of toxic debts that China had bought to "sustain" Euro zone and the US, its so prudent of many who believes by moving China out of the equation, thats end of the story. Anyho, try to grow out of the frog well horizon............ it's not abt 1 country anymore, its domino effects will hurt big time.

Soros brought down our BOE and nearly broke it, did he succeed in Asia previously....I would say nah.
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  •  Trader#116F
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  • Posted: Jan 3, 2014 5:46pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 24  /  Views: 6,517