How China Cooks Its Books & The Growing Risk of a Chinese Economic Implosion

Discussion in 'Economics' started by ByLoSellHi, Oct 13, 2009.

  1. morganist

    morganist Guest

    this is why i love blsh. i have never seen this in you before can i see more.
     
    #41     Oct 15, 2009
  2. I was going to add to this thread,

    but it seems its alive and well without my participation,

    and with the accusations and insults flying,


    why step in and catch any.....


    carry on!
     
    #42     Oct 15, 2009
  3. dave74

    dave74

    It seems that some people are desperately hoping for China to fail, while some desperately hope for it to succeed. Myself, I really don't care. I just want to know reality. I want to ride whatever bull market or trend is out there. I will put my money where my mouth is and begin to put more and more of my money in China for the longterm. JMHO.
     
    #43     Oct 15, 2009
  4. dtan1e

    dtan1e

    first thing i'm not exactly a China fan but here it goes: it is true that China is cooking its books but if you discount the no. intelligently by say 60% they r still in a better position then any other countries, say 60% of 2 T is still 1.2 T, whereas in the US if you apply the same logic you only get more debt, so leaving all the free speech, free actions or free thoughts aside just the economic welfare alone, China is improving even if at a slow pace while the economic welfare in the US is deteriorating. and for that joker its Beijing now not Peking, that is the name in history books. but all this has nothing to do with the performance of the markets in the next 1 year as the people can or may even be willing to keep buying indefinitely
     
    #44     Oct 15, 2009
  5. dave74

    dave74

    I just wanted to add to the China story.

    Warren Buffett is big on China. Here's the Wikipedia entry:

    "Investment in China

    Buffett invested in PetroChina Company Limited and in a rare move, posted a commentary[102] on Berkshire Hathaway's website stating why he would not divest from the company despite calls from some activists to do so, due to its connection with the Sudanese genocide that caused Harvard to divest from the company in 2005. He did, however, sell this stake soon afterwards, sparing him the billions of dollars he would have lost had he held on to the company in the midst of the steep drop in oil prices beginning in the summer of 2008.

    In October 2008, Buffett invested in new energy automobile business by paying $230 million for 10% of BYD Company(SEHK: 1211), which runs a subsidiary of electric automobile manufacturer BYD Auto. In less than one year, the investment has reaped him over 500% return of profit[103]."

    Other big names that are bullish on China are: Jim Rogers, Mark Mobius, and Dennis Gartman.

    Ignore China at your own peril.
     
    #45     Oct 15, 2009

  6. every time an earnings report shows that they beat the street (wall street analysts projected earnings range),

    what do you think that is?

    certainly you really can't expect someone outside the firm / company to know all that is going on inside the company, and certainly when crunching 8digit, 10digit and 12digit numbers and reducing them to 2 decimal points earnings per share, there's huge room to maneuver within,

    but that sort of consistent, almost every company almost always beating the street esitmates smacks of a restaurant (completely cooked books)

    so, you might have a point there....
     
    #46     Oct 15, 2009
  7. The sun has set on the West. It is rising in the East.

    Deal with it.
     
    #47     Oct 15, 2009
  8. dtan1e

    dtan1e

    i met Mark Mobius a few yrs back even shake his hands, he's not as smart as whats written, quite a simple man actually, but his team is quite a marketing type, quite surprised, thats not to say some legends are not genius
     
    #48     Oct 15, 2009
  9. Claims of the demise of the west have been, as one famous satirist once famously remarked, "greatly exaggerated."

    All the Asian nations - all - are export driven, primarily.

    Dampened exports = dampened growth and restraint on prosperity automatically.

    This is why China, Japan & South Korea can't afford to allow the price of their exported products to the U.S. keep rising - the U.S. buys 33% of Chinese exports!

    Bubbles are like pornography; you know it when you see it. China is bubble-licious.
     
    #49     Oct 15, 2009
  10. Het is Peking waar ik woon.:)
     
    #50     Oct 15, 2009