But with price to income levels reaching nosebleed levels of 18 in East coast cities, it is clear that appartments – often left empty – have themselves become a momentum trade.
...attempts are being made to convince businesses that China faces an 'economic crisis' on the same scale as that hitting the European Union (EU) and the US. This view is factually nonsense, as any comparison of economic data shows. In the four years to the latest data the US economy grew by 0.5 per cent, the EU's shrank by 0.3 per cent, and China's economy grew by 42.2 per cent. Given such comparisons claims that China is suffering from 'crisis' is rather like saying the US has cholera, the EU has typhoid, and China has a cold and therefore they are basically in the same situation as 'all are ill'. Such claims destroy rational scales of comparison and are therefore wholly misleading in predicting what will happen.
The timing of the Torygraph's article about a Chinese menace, days after Cameron rejected the Euro treaty, sounds like a Bush "Terrorist Warning" alert whenever he had negative news in the press. Yes China is a worry so it's not wrong, but is it imminent, or an immediate distraction.
and b) Not everyone is so concerned about China's growth, including the well-paid advisors and economists they employ.
Loath as I am to defend the CCP in any respect; this government is as smart as any other, with a degree of central control (in regards to banking and economics, in any respect) almost incomprehensible.
Do people not realize that it's physically impossible consume more stuff then we produce?
This seems like a rather naive statement... most of the stuff we produce and consume is not physical and thereby not limited in this way.
It's trivially true if you're willing to look at trillions of dollars in transactions in financial instruments and say "well nothing is physically being produced or consumed, so this doesn't really matter" but at that point the premises you're working with would seem to be unable to analyze the issues being discussed in this thread.
in my conception a work of intellectual property is produced once but consumed more than once.
but that again seems like a trivial statement.
Or something like borrowing against future earnings would seem to me like an act of consumption not balanced by an act of production.
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