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G20: Beijing tailors generic final declaration with no specific mention to China's problems

Monday, February 29th 2016 - 09:03 UTC
Full article 22 comments

China pulled off a defensive win at the Shanghai Group of 20 (G20) meeting of global finance leaders after months of angst abroad over its economic and policy direction. For starters, there was no specific concern over China in the communiqué released late Saturday. Read full article


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  • Skip

    Ignoring China's problems doesn't make them go away.

    Feb 29th, 2016 - 10:31 am - Link - Report abuse 0
  • T_Paine

    Its not illegal in China to report financial figures unless Party approved.
    The Party has stopped providing many of their Economic Stats

    China will collapse shortly.

    Funny how just a few short years ago people were talking about it taking over the USA.
    Most people are fools.

    Feb 29th, 2016 - 11:58 am - Link - Report abuse 0
  • Brasileiro

    We are allies of BRICS. If one suffers, all suffer. If one is in trouble, all is well.

    Nothing in this world will cause us to come to approach the Evil Empire again.

    United States does not exist for us!

    Feb 29th, 2016 - 12:06 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!


    Funny you think you are not done.

    You are at the peak of your current rebound and:

    1. employment still not back to pre-2008 levels
    2. tax collection DOWN
    3. What does the US manufacture now that it didn't before 2008? NOTHING
    4. Which means... yet ANOTHER growth phase lead by frothy real estate (check the office real estate market in New York, Boston, Seattle, Los Angeles, Chicago... and check the retail shopping construction in Miami... ALL BUBBLES!)

    And this “expansion” has needed your central bank to keep rates effectively at ZERO. So when the crash shortly comes, and it will... there is no where to go this time on the interest rate front. And at 18 trillion in debt and the world flooded with worthless US bonds, plus the fact the rest of the world is SELLING to raise reserves, means you have no fiscal nor monetary room to do anything when the shoes drop.

    No room to cut rates, no room for government spending, high underemployment all reading in the waiting when the next recession hits...

    You are toast.

    Feb 29th, 2016 - 01:47 pm - Link - Report abuse 0
  • Captain Poppy

    Tobi you little Canadian morn. The Boston RE market is hot......come down and I will show you. In fact it's so hot that rents are dropping because people are buying rather than renting.

    You are closer to visiting the USA than you are Argentina. Amazing that you can't google and find the details to the intersection and the facade of that mall in Mendoza with Starbucks, the coffee company you think is dying in Argentina

    It must suck to be a fake Argentine..

    Feb 29th, 2016 - 02:30 pm - Link - Report abuse 0
  • T_Paine

    4. As the rest of the world collapses money will flow into the USA as the only engine of growth in the world and for protection.

    Its already happening.

    China has had U$100B a month flow out for the last year they will be dangerously low on reserves in 6 months if they don't stop the transfers.

    Most foreigners don't understand how incredibly wealthy the USA is, land, resources and human talent that is unequaled in the world.

    For 240 years it's been a terrible mistake to bet against the USA and now is no time to start. America's golden goose of commerce and innovation way lay more and larger eggs.
    Warren Buffett

    Feb 29th, 2016 - 03:39 pm - Link - Report abuse 0
  • Captain Poppy

    Most of the world understand that 1% yankee.

    Feb 29th, 2016 - 05:57 pm - Link - Report abuse 0
  • T_Paine

    China is cutting bank reserves and lowering interest rates again today.

    That hasn't worked the last 15 times

    Why would it work now?

    Also laying off 2MM workers in coal and steel plants.

    Just the begining

    Feb 29th, 2016 - 06:48 pm - Link - Report abuse 0
  • Briton

    The news and papers state that china will contract and millions will lose their jobs,

    this will have a roll on effect with European nations,
    and the likes of France Greece Spain and others may well teeter on the brink, but Italy may well collapse,

    they pray that all this does not happen before June 23rd , or the game will be up for king David,

    just passing it on.

    Feb 29th, 2016 - 08:21 pm - Link - Report abuse 0
  • T_Paine

    Watch Germany, it has little choice but to bail out Italy's banks and it will be their un-doing.

    Feb 29th, 2016 - 08:39 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    Yes we know, we know...

    China is collapsing, Russia is crumbling, India is sinking, South Africa is foundering, Brazil is blowing up, the rest of Latin America is weltering, Continental Europe is imploding, the Club Meds are imploding....

    Yes. Everyone is collapsing, EXCEPT THE SUPERIOR ANGLO ECONOMIES. They are boobing and the land of milk and honey, no problems, all happy happy rich, tanned, rubicund, jocular people with million dollar smiles. The Anglo paradises... the only places that are doing well, according to the self-deluded, lunatic, benighted, insular, philistine, blue-nosed, supercilious, Anglos on this board.

    Everyone in the world is doomed, except the Anglos. If all the others collapse as they predict, they won't even feel it. They are THAT good.

    And then they woke up:

    “In other news, 10 more dead in a mass shooting in a school, 6 more dead in a mass shooting in front of our studios. In other news, the disintegration of the UK is imminent, and racial riots once again erupting in Los Angeles. In brief news, Britain's currency is being routed, credit rating is negative. In the USA, no margin for error says the FED, if we go into recession now... we are F'---- @”

    Mar 01st, 2016 - 09:47 am - Link - Report abuse 0
  • Captain Poppy

    Tobi is this the only news that you get in Canada?

    You keep showing us exactly how much of an Argentine you are NOT.

    The fake and lying journalist living in the Canadian Rockies. Someone should be hunting you.

    Mar 01st, 2016 - 02:05 pm - Link - Report abuse 0
  • Briton


    its not our fault that the Anglo nations are growing,
    and the rest are foundering,

    why not have a go at them.

    Mar 01st, 2016 - 07:59 pm - Link - Report abuse 0
  • Skip

    In July, Australia hits 25 years of being recession free..... that's a quarter of a century of growth..... so yeah Nostrils, this supposed “ANGLO” nation is doing pretty well.

    Pity Argentina was colonised by the Spanish. You're still paying the price 500 years later.

    Mar 01st, 2016 - 08:24 pm - Link - Report abuse 0
  • Briton

    To true.

    Mar 02nd, 2016 - 01:55 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    I don't like the Spanish, but much better than being colonized by the British. 9 in 10 former British colonies are BASKET CASES and many rank lower than Honduras, which I think is the worst Spanish one. So proud be not.

    Australia... 25 years of once in a lifetime conditions: Japanese growth, then Korean growth, then Chinese growth, the the commodities boom. All those are ending now... never to come back. You are doomed and almost all financial periodicals are calling it out. Canada is already in the tits.

    The UK and USA already had their shit hit the fan in 2008, and it took them four years to get growth going and now they only have recovered what they have lost mainly, no real GAINS. And they are about to collapse yet again... but this time no bailout to save them, no central bank to lower rates to Zero to spur spending... they already burnt through those lifelines.

    In other words, time's up.

    Mar 02nd, 2016 - 02:22 pm - Link - Report abuse 0
  • T_Paine

    The USA is far from collapse.
    The conspiracy web sites you read are funny though.

    As the rest of the world goes into deep recession/depression all of the investment money will flow into the USA for protection and because it is the only engine of growth in the world.
    Its already happening.

    Mar 02nd, 2016 - 02:38 pm - Link - Report abuse 0
  • Captain Poppy

    Tobi, the only things collapsing is your head and the

    Go back to your cave.

    Tobi, google just does not have everything do identifying that intersection in Mendoza of that mall's facade in Mendoza with Starbucks....on the outskirts on town. Funny how when you ask people for details, simple details they falter.

    Mar 02nd, 2016 - 03:06 pm - Link - Report abuse 0
  • T_Paine

    GOP is far from collapsing, you can see the fear in all the Idiotic Dem commentators on CNN and MSNBC.
    The amount of people voting in the primaries is reversed since 2008 with the Republicans far out pacing the Dems.

    Mar 02nd, 2016 - 04:36 pm - Link - Report abuse 0
  • Captain Poppy

    yb, yb ,yb

    It people IN the GOP as well. Afer Trump gets his ass handed to him for the failings of the GOP to provide real candidate, what name will you change to then?

    Mar 02nd, 2016 - 06:40 pm - Link - Report abuse 0
  • T_Paine

    What are you talking about?

    Your posts are increasingly hard to understand. I'm guessing you are typing on your phone and not reading it before you post.

    Or you're just stupid....

    Mar 02nd, 2016 - 07:39 pm - Link - Report abuse 0
  • Briton

    no point,

    Mar 02nd, 2016 - 07:53 pm - Link - Report abuse 0

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