China: Economic Collapse Imminent?


	China: Economic Collapse Imminent?

abailart

12-5-2007 3:41 AM

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tags:

economics, china, poverty, global economics

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e4a3946b-bcda-4e11-a190-ad6a910e745c/B95E0140-7F11-4242-A447-F6D89ED26571/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.atimes.com/atimes/China_Business/IL05Cb02.html" href="http://www.atimes.com/atimes/China_Business/IL05Cb02.html" style="font-size: 11px;">www.atimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.atimes.com/atimes/China_Business/IL05Cb02.html"><DIV>While the Chinese stock market, as 
                              measured by the China Securities Index 300, is 
                              down 18% since October 16, that follows a period 
                              of almost two years, since January 1, 2006, during 
                              which the CSI 300 soared 535%. Chinese economic 
                              growth is currently running at more than 11% and 
                              the big money is convinced that it will continue. 
                              At the same time, the country’s foreign exchange 
                              reserves have grown to US$1.4 trillion, the 
                              largest in the world. </DIV><BR /><DIV>A crash would appear 
                              to be imminent!</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.atimes.com/atimes/China_Business/IL05Cb02.html">societies with low 
                              economic growth, very high inequality (as China 
                              has now) and persistently high inflation; they are 
                              collectively known as Latin America. Since China 
                              also has much of the corruption that bedevils 
                              Latin America and its government lacks any genuine 
                              understanding of the free market and is 
                              increasingly dominated by special interests, it 
                              may indeed be fated to follow a Latin American 
                              growth path for the next few decades, with a tiny 
                              entrenched elite enriching itself at the expense 
                              of the disfranchised</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B95E0140-7F11-4242-A447-F6D89ED26571/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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