World markets celebrate after China cuts benchmark interest rates

Saturday, November 22nd 2014 - 06:00 UTC

Full article 6 comments

China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy. Read full article

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yankeeboy
I told you years ago Chins is in deep trouble.
I don't think they're going to be able to make the leap to a middle income country.
MFG is coming back to the USA due to very low cost energy and more productive workers.
Deep trouble.
Once the civil unrest moves from the Western Provinces into the Coast they're doomed.
Nov 22nd, 2014 - 02:14 pm - Link - Report abuse 0
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ChrisR
@ 1

Yes, it didn’t last that long, did it?

Clearly over the peak now and on the downward slippery slope, just a few more years and there will be riots and bloodshed in the streets.

Let’s hope the crooks in government are the first against the wall.

The same could be said about TDC, but for the comatose voters who seem willing to be shafted at every turn.
Nov 22nd, 2014 - 07:02 pm - Link - Report abuse 0
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Briton
the World markets may well celebrate abt the growth and power of China,

but one day, when this same world depends 100% on China,
and mysterious red flags stat appearing over the worlds government buildings,

perhaps the worlds markets will remember this day,

just saying like.
Nov 22nd, 2014 - 10:13 pm - Link - Report abuse 0
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LEPRecon
@3 Briton

It will never happen. The reason why is because too many Chinese people now know that there are benefits to the Capitalist system.

It the Chinese economy plummets (and there are indications that this could happen), the Chinese people will not be willing to return to the 'bad old days' of living on a handout of rice, and not 'having'.

If anything Yankeeboy is correct. If the Chinese economy crashes then there will be riots and blood in the streets. But it won't be students like happened in Tiananemen Square, it will be ordinary people who want their share of the good life, and won't let the corrupt politicians get away with it.

But time will tell...it usually does.

But China's influence will disappear the moment it can no longer buy it.

Of course the biggest danger would be from the ruling elite who may just try to start a war with Japan etc... to try and distract the population from the truth. Sound familiar?
Nov 23rd, 2014 - 12:07 pm - Link - Report abuse 0
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ChrisR
@ 4 LEPRecon
“Clearly over the peak now and on the downward slippery slope, just a few more years and there will be riots and bloodshed in the streets.”

Try @ 2!

;o)
Nov 23rd, 2014 - 05:11 pm - Link - Report abuse 0
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Briton
4 LEPRecon

the ruling elite who may just try to start a war with Japan etc...

on this you may well be correct, just like Argentina and Spain over Gibraltar and the Falkland's,

some else will always get the blame, and staring a conflict to hide ones downfall seems to be the thing with dictators,

but I hope we will have some protection against any crash..

thanks.
Nov 23rd, 2014 - 07:10 pm - Link - Report abuse 0
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