MercoPress. South Atlantic News Agency
Chinese shares on the slide after dropping 8% on Monday; central bank to inject liquidity
Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble. Read full article
Comments
Disclaimer & comment rulesChina is pouring huge amounts of money into the Zombie banks and the Stock market to keep them both afloat.
Jul 28th, 2015 - 11:02 am - Link - Report abuse 0It won't work.
They've destroyed 3 generations of wealth.
65,000,000 condos are vacant.
This is only the beginning.
The U$3-4T they have in reserves isn't near enough to help them. They will fritter it away supporting their various bubbles then there won't be enough to buy food.
Fun to watch tho...
When you visit China you see loads of half finished empty tower blocks. People have been investing money in the stock market causing a bubble. So, a property bubble, a stock market bubble. The Chinese are learning about capitalism the hard way. The Argies shouldnt see China as an economic saviour or partner because all the Chinese care about is China. They have a population problem and an unemployment problem. They see the answer to that as colonising parts of Africa and South America by stealth.
Jul 28th, 2015 - 11:28 am - Link - Report abuse 0@ 1 yankeeboy
Jul 28th, 2015 - 11:29 am - Link - Report abuse 0Ahh! The fabled U$D 3 / 4 Trn has been claimed for quite a while now even though their onward trading has been subdued to say the least.
Given all the bribery to the numpty-heads of SA and elsewhere in the world by China it does make me wonder IF there is anything like that amount left in real money or is it in Yuan, hot off the presses?
Time is quickly running out for the new breed of commie Emperors running China: they seem to have run out of ideas on what to do.
Perhaps The Brainless One can come up with something, like a few idiotic links to other sites? Ha, ha, ha.
Yeah that reserve number is probably as accurate as their growth number.
Jul 28th, 2015 - 02:33 pm - Link - Report abuse 0Which means not at all.
Anyhoo what makes me smile is all the stupid Marxist leaders with precarious economies hitched a ride on the chinese life boat only to find out its an anchor.
:)
Soy will not be profitable next year in Brazil or Argentina.
BReal is sinking like a rock
I love when Socialism dies.
@Chris
Jul 28th, 2015 - 04:29 pm - Link - Report abuse 0This isn't much doubt over the size of their foreign currency reserves. They have been running a massive trade surplus for years. The problem, that they recognize, is that most of it is USD. Having most of your foreign currency reserves in the form of IOUs from your main adversary is not very convenient.
How much gold they hold is more of a mystery, but it is still small compared to their USD reserves.
5. I've long thought we should declare war against China and declare their U$ T Bills null/void then nationalize everything they have in the USA.
Jul 28th, 2015 - 04:37 pm - Link - Report abuse 0It would be a short war.
I also read recently that the corporate debt in China is 160% of GDP. In the USA, it's 80%. The Chinese government often doesn't let companies fail, so debt isn't priced properly. This could end up being a precarious situation.
Jul 28th, 2015 - 05:15 pm - Link - Report abuse 0BBC is reporting that Chinese imports from Brazil are falling fast, adding to woes of the lovely Dilma.
Jul 28th, 2015 - 06:02 pm - Link - Report abuse 0Greece , CHINA , Whose next.
Jul 28th, 2015 - 08:25 pm - Link - Report abuse 0China has more debt than the USA both in real terms and debt/gdp. It is unsustainable. China thought when they opened their debt market to foreigners they'd swoop in and bail them out with fresh u$. It didn't happen. Nobody will touch it. It is toxic. Kinda the same with the stock market, it can't just go up analysts say it looks worst than teh USA 1929 numbers.
Jul 28th, 2015 - 09:07 pm - Link - Report abuse 0China needs to crash and rebuild. Get all the excess out of the system.
They'll never make it into a middle income country.
They're going to bankrupt themselves before that happens.
Their banks have massive loans that are almost all uncollectible. But wait......isn't China SA's way forward?
Jul 29th, 2015 - 10:56 am - Link - Report abuse 0lolololololololol
First they bailed on Russia
next Africa
Then SA
or is SA before Africa?
When the shit flows......it flows.
The trade surplus of Brazil in the first half exceeded all expectations.
Jul 29th, 2015 - 03:15 pm - Link - Report abuse 0https://www.youtube.com/watch?v=Vv6Q_SW71zM&list=LLmXPTu1f8AdGlizWNiASx2A&index=18
Some interesting numbers:
Jul 29th, 2015 - 04:37 pm - Link - Report abuse 01990 statistics for China:
Too young to work: 42.9%
Working age: 48.8%
Too old to work: 8.3%
2010 statistics for China:
Too young to work: 26.9%
Working age: 61.8%
Too old to work: 11.3%
They will be having a large unemployed population soon as well as a large retired demographic.
The banking problem will be like a cat chasing it's tail. As China continues to tumble, their economy weakens, continues to drop the price of crude and a lower demand for SA goods How will the latinos pay the Chin all the money they borrowed? The BRICS all deserve one another. It's an idiot leading a moroon being chased by an asshole.
Even the old has to feed!
Jul 29th, 2015 - 05:20 pm - Link - Report abuse 0China supported us when we need to. We will support China unconditionally.
China supported Russia when Russia needed. Russia supports China.
The world is made of alliances and friendships, not war!
https://www.youtube.com/watch?v=fk1Q9y6VVy0&list=FLmXPTu1f8AdGlizWNiASx2A&index=1
We will support China unconditionally.Even the old has to feed!
Jul 29th, 2015 - 06:12 pm - Link - Report abuse 0very noble, but brazil has millions, China has over a billion, that's a lot of rice,
just saying like.
The I7 is from Intel!
Jul 29th, 2015 - 06:18 pm - Link - Report abuse 0I'm trying to make heads or tails out of Brasileiro's comments. I can't seem to do it. Can somebody translate?
Jul 29th, 2015 - 06:33 pm - Link - Report abuse 0@ 17 jakesnake
Jul 29th, 2015 - 07:11 pm - Link - Report abuse 0Brasso thinks that by stating i7 (to use the correct designation) he must appear to know something about computers: he doesn't in fact.
The Intel i7 range of CPU's is like saying you have a Chevrolet car!
Brasso also claims Brazil makes computers and processors itself. I have never come across anything but that doesn't mean a thing, they could be home consumption only.
Would you buy a PC or laptop made in Brazil?
My computer is Positivo Computers. I'm using this for 3 years.
Jul 29th, 2015 - 07:40 pm - Link - Report abuse 0https://www.youtube.com/watch?v=Ow7hlbBoCcU&index=50&list=FLmXPTu1f8AdGlizWNiASx2A
@ 19 Brasso
Jul 29th, 2015 - 09:52 pm - Link - Report abuse 0WHY, oh Why do you keep posting militaristic videos claiming how STRONG Brazil is, etc. from 2014? How strong is Brazil now just 12 months later: as weak as a kitten!
@ 17 jakesnake
Positivo computers, made for the poorest end of the Brazilian market:
http://www.cnet.com/news/in-brazil-pc-buyers-accentuate-positivo/
I cannot find any specifications even on the Group website:
http://www.cnet.com/news/in-brazil-pc-buyers-accentuate-positivo/
A descrição é em português, IDIOTA!
Jul 29th, 2015 - 10:39 pm - Link - Report abuse 0China has and since the 1980s has had massive unemployment. The farmers are gradually being moved from the land into grim tower blocks in cities. Often there is no work. You cant go and live where you like in China like you can in Europe or the USA, you have to get permission and go where they send you. We see pictures of shiny new achievements but its a grim dirty polluted place bursting at the seams. Thats why they are gradually exporting the population into SA and Africa, there is no space. Its a slow transition a bit like Animal Farm.
Jul 30th, 2015 - 05:52 am - Link - Report abuse 0Commenting for this story is now closed.
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