Is China headed toward collapse?

[Usui Takumi 1,562]

Regardless of their economy, they have an issue with agriculture. From what I've read an ever growing amount of furtile land is being lost to urban growth, pollution, and soil degradation.

[Darnell 8,480]

push - ya - them non-performing loans are always fun.

I've been watching them offered twice a year, as a packet, from HSBC and OCBC outta HKG, since '99 .

It's been strange to actually SEE the filth financials from China pushed out via HKG for hard currency.

It's a private bid system, ya never know who purchased the paper.

But, like I mention - I don't like Chanos - he's been stealing my research ...

Doesn't matter that he's spot on, of course (even with my raw data ).

Curry Laksa for You !! BIG BOWL !!! Thanks for staying on topic !

Warmest Regards...

[lostinblue 1,989]

Regardless of their economy, they have an issue with agriculture. From what I've read an ever growing amount of furtile land is being lost to urban growth, pollution, and soil degradation.

This is where we in the united states come in

http://southwestfarmpress.com/news/ag-exports-0602/

Record $108.5 billion agricultural exports forecast for 2008

Jun 2, 2008 9:56 AM

May 30, 2008 - U.S. Agriculture Secretary Ed Schafer today announced an updated quarterly forecast for U.S. agricultural exports - expected to reach a record $108.5 billion for fiscal year 2008. Today's upward revision is a $7.5 billion increase from February's previous record forecast and $26.5 billion above the final 2007 exports. Grains and animal products account for two-thirds of the export gains.

"America's increased export volume in bulk commodities like corn, other animal feeds and soybeans make agriculture the bright spot in the overall balance of trade," said Schafer. "U.S. producers are on track to export a record 63 million tons of corn, and set new export volume and value records for pork. Export volumes and values are also up for many horticultural products with sales growth to Canada and the European Union being exceptionally strong."

Asia continues to be an important growth market for U.S. agricultural commodities. U.S. exports to China are forecast to reach a record $10.5 billion, up almost $3.4 billion from 2007 levels. Canada and Mexico remain the United States' top two markets worldwide with exports forecast to reach $30.5 billion in 2008 - some $5 billion above 2007.

[Pooky 3,929]

Hey - come on -

I know this is Off Topic Forum -

but...

Could you fellas focus on China for the remainder of yer posts here on this topic? (Bash China if you want, come on, it'll be fun for ya, I swear ! )

Please?

Purty Please with Marmite on it???

Give you big curry laksa, you betcha !

Now that's just sad - begging with Marmite. Just sad.

[mawilson 2,133]

Chinese data

Published: November 11 2009 09:27 | Last updated: November 11 2009 16:05

Another slew of Chinese data, another load of raised eyebrows. Evidence of accelerating

retail sales or fixed-asset investment might be taken at face value elsewhere, but these

are two of China’s least reliable indicators. Seasoned China-watchers accept that not

everything adds up in the data-gathering business. The total of first-half gross domestic

product figures released individually by China’s 31 provinces and municipalities, for

example, was almost 10 per cent higher than the national figure put out by the National

Bureau of Statistics. But some inputs to those sums are flakier than others.

A 33.1 per cent year-on-year rise in urban fixed-asset investment, as reported by the

NBS on Wednesday, does not necessarily mean that investment rose by 33.1 per cent.

As John Makin of the American Enterprise Institute think-tank points out, “investment”

by central-government planners is counted on the basis of funds disbursed for projects,

regardless of whether those funds have actually been spent. Similarly, retail sales

figures – up 16.2 per cent – are not a useful proxy for household consumption as they

basically track shipments to retailers, lumping in all kinds of government and corporate

spending.

China’s growth is no illusion. Data on industrial value-added, which correlates increasingly

closely to energy consumption, shows an unequivocal rise in output. And as long as the

data-collecting process is consistent, it is the trend that matters. But the problem with

counting money transfers as investment, or mixing up institutional spending with

consumer, is that there may be big lags in the impact of stimulus efforts. That is as

good an explanation as any for China’s continuing reluctance to tighten monetary

conditions explicitly, amid mounting evidence of asset inflation: urban property prices

were up almost 4 per cent in October from a year earlier, the biggest monthly increase

in 14 months. Whatever the data may say, recovery cannot yet be taken for granted.

China’s industrial production and retail sales accelerated in October, bolstering forecasts

for economic growth to exceed 10 per cent this quarter for the first time in more than a

year, reports Bloomberg.

Production rose 16.1 per cent from a year earlier, the most since March 2008, the statistics

bureau said at briefing in Beijing on Wednesday. Retail sales gained an annual 16.2 per cent

in October, and urban fixed-asset investment climbed 33.1 per cent in the first 10 months

of this year, it said.

link

[justashooter 430]

chinese data doesn't change much over the decades. it's still as fudged as it always has been.

in 1959, during the Great Leap Forward, province managers overstated their province production of food crops. on basis of this beijing ordered the trains to industrial centers filled with "surplus workers". the farms that hadn't been robbed of labour underproduced for a year or so, a drought came, and 1/3 of anhui province starved to death. neighboring provinces experienced starvation from 10-20%. the UN tried to help, but western observers were turned back at the point of a gun.

don't matter what the result is. "Face" is more important than truth in china.