$98 per barrel oil

wrote in :

So illuminate. What exactly is the scope of what's happening in
(industrial) China?

Well for starters, the government run banks are cutting back on
providing funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

What does the 21st century equivalent of the dot-com bust have to do with the
price of tea in... well... China?

Judah wrote:
wrote in :

So illuminate. What exactly is the scope of what's happening in
(industrial) China?

Well for starters, the government run banks are cutting back on
providing funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

What does the 21st century equivalent of the dot-com bust have to do with the
price of tea in... well... China?

The first line, your original question, i.e. "What exactly is the scope
of what's happening in (industrial) China?"

--
Jim Pennino

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wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

ManhattanMan wrote:
wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

Apples and oranges.


--
Jim Pennino

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"ManhattanMan" wrote in news:OQPYi.1979$rN1.919
@newsfe18.lga:

wrote:
The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.


As of this afternoon, our debt exceeded $9 trillion.......

Your owe $9 trillion?

Holy cow! How are you going to ever pay that back?

wrote in message
...
Judah wrote:
"Montblack" wrote in
:

("kontiki" wrote)
One word: China

More words:

It's 1907 and Europe doesn't quite have a handle on the scope of
what's
happening in the (industrial) U.S.

It's 2007 and the U.S. doesn't quite have a handle on the scope of
what's
happening in (industrial) China.

So illuminate. What exactly is the scope of what's happening in
(industrial)
China?

Well for starters, the government run banks are cutting back on providing
funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.


Well, some good news comes out of this thread.

("Judah" wrote)
So illuminate. What exactly is the scope of what's happening in
(industrial) China?


Phenomenal growth and potential for more growth.


Montblack

Montblack wrote:
("Judah" wrote)
So illuminate. What exactly is the scope of what's happening in
(industrial) China?


Phenomenal growth and potential for more growth.

Phenomenal growth by selling at a loss with potential for a total
economic crash.

China can't sell at a loss long enough to drive all the competition
out of business, part of it maybe, but not all of it.

--
Jim Pennino

Remove .spam.sux to reply.

writes:

Phenomenal growth by selling at a loss with potential for a total
economic crash.

China is in much better shape than the U.S. in terms of risks of a crash.

China can't sell at a loss long enough to drive all the competition
out of business, part of it maybe, but not all of it.

What competition?

wrote in message
...
Montblack wrote:
("Judah" wrote)
So illuminate. What exactly is the scope of what's happening in
(industrial) China?


Phenomenal growth and potential for more growth.

Phenomenal growth by selling at a loss with potential for a total
economic crash.

China can't sell at a loss long enough to drive all the competition
out of business, part of it maybe, but not all of it.

You think China is selling for a loss? That isn't my take of it.

They sell cheap because they are labor intensive, and their labor is dirt
cheap... Pennies on the dollar of what employers in the US pay. Add to
that, they have little control on emissions, and disposal of hazardous
waste. There is no OSHA to look out for employee work conditions, and they
are in many cases deplorable. On top of it, they use the cheapest material
to do the job, and mostly, cheaper materials than are needed to do the job.
Much of their steel is of such low quality, that it is unsuitable for any
heavy use for any reasonable period of time.

Eventually, all of these things will turn around. Just as how in the 60's
"Made in Japan" meant that it was probably junk, they turned it all around,
to the point that their goods are generally very high in quality. The cheap
production turned to another developing part of the world, and the cycle
repeats itself.; again and again.
--
Jim in NC