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Started By
Message
Employment in china falls to a six year low....
Posted on 4/21/19 at 4:01 am
Posted on 4/21/19 at 4:01 am
From the south china morning post...
Lets review. China typically only counts employment numbers in major cities. They count everyone living in rural areas as "employed farmers". Thats right. And they used to use surveys for the cities. However, last year the numbers, well even they could not fudge, so they started doing questionnaires for a "more accurate number". Yep, in fact they had several think tanks (no doubt unemployed global warming graphic artists) issue papers stating how this would be more accurate.
Now using the theory of Occams Razor, if the economy had such a wonderous first quarter, then why is employment down??? And why the need to dump a trillion dollars of more cheap debt to poorly run state companies?
Explain this belt and road initiative for me. I loan trillions to state run companies to make steel and concrete, and then have to loan more so they can refinance and not default. They then "sell" this steel and concrete to a third world country....who I have loaned money to so they can "buy" it, only they cant afford it and are also defaulting. Does this sound like a winning economic model, or a chapter out of Bernie Madoff's book?
quote:
Despite better-than-expected economic growth in the first quarter, China’s job market performed at its worst level in six years at the start of 2019, according to an industry report published on Friday.
Lets review. China typically only counts employment numbers in major cities. They count everyone living in rural areas as "employed farmers". Thats right. And they used to use surveys for the cities. However, last year the numbers, well even they could not fudge, so they started doing questionnaires for a "more accurate number". Yep, in fact they had several think tanks (no doubt unemployed global warming graphic artists) issue papers stating how this would be more accurate.
Now using the theory of Occams Razor, if the economy had such a wonderous first quarter, then why is employment down??? And why the need to dump a trillion dollars of more cheap debt to poorly run state companies?
Explain this belt and road initiative for me. I loan trillions to state run companies to make steel and concrete, and then have to loan more so they can refinance and not default. They then "sell" this steel and concrete to a third world country....who I have loaned money to so they can "buy" it, only they cant afford it and are also defaulting. Does this sound like a winning economic model, or a chapter out of Bernie Madoff's book?
6
Posted on 4/21/19 at 4:24 am to trinidadtiger
Sounds like Trump winning Bigly AGAIN! Frick China! They hate Americans.
Posted on 4/21/19 at 7:06 am to GeauxGutsy
(no message)
This post was edited on 1/19/21 at 3:01 pm
Posted on 4/21/19 at 7:20 am to trinidadtiger
They met their targets. This is doubleplusgood.
The original targets have been dropped in the memory hole.
The original targets have been dropped in the memory hole.
Posted on 4/21/19 at 7:45 am to trinidadtiger
Waiting for IBFreechinamen to drop by and blame The Great Orange Man.
Posted on 4/21/19 at 1:25 pm to trinidadtiger
China getting buried by financial shenanigans of their own doing, and the economic policies of the Great Orange Bastard. China has a generational problem. Too many men, and not enough women makes Charlie Chan a cranky bastard, plus China let too many students go abroad to study, and our now finding out that they like greedy capitalist imperialism.
Posted on 4/21/19 at 3:04 pm to Port Royal
You people are blind to the light shinning from the economics of Bernie Sanders.
Posted on 4/21/19 at 4:24 pm to trinidadtiger
For all the faults of a market economy, it will crush central planning every single time.
Posted on 4/21/19 at 6:02 pm to trinidadtiger
When the world bank stops giving China free credit, they’re in serious trouble.
They’re up to their eyes in debt at every level.
They’re up to their eyes in debt at every level.
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