MercoPress. South Atlantic News Agency
China anticipates rough times as it tries to create jobs and restructure the economy
China faces a tough battle to keep its economy growing by at least 6.5% over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Keqiang said as he opened China's annual parliament. Read full article
Comments
Disclaimer & comment rulesOh dear, The Middle Kingdom is bust!
Mar 07th, 2016 - 10:44 am - Link - Report abuse 0Who'd have thought it: anybody with half-a-brain!
The reason stuff made in China is mostly crap is because of the low level of automation on the production lines, from piece manufacture to final assembly. Only the companies set up by westerners have any level of automation but the Chin are learning that throwing numbers at things only works until the 'numbers' wake up and want to be treated like people!
The slippery slope of workers 'rights' is coming, that will soon sort things out: more and more manufacturing is coming back to it's origin and not before time.
CFK could show China how to employ people in nonproductive government ñoqui jobs. That would help them get rid of some of their troublesome foreign cash reserves as well. Maybe show them how to become “successful attorneys” without benefit of graduating from law school.
Mar 07th, 2016 - 12:11 pm - Link - Report abuse 0Hope the BRasshole doesn't open this link....if he does he'll probably have a fart attack, ..erhh, I mean a heart attack.....but to him, fart and heart are much the same thing.
Mar 07th, 2016 - 04:58 pm - Link - Report abuse 0China is very close to having cash flow problems.
Mar 07th, 2016 - 06:19 pm - Link - Report abuse 0They are not going to make it to a developed country
Demographics, corruption, gov't are working against them
Glad those godless heathens are coming to an end of their up-cycle.
China anticipates rough times as it tries to create jobs and restructure the economy
Mar 07th, 2016 - 09:10 pm - Link - Report abuse 0We know how you feel mate,
We will find it hard for a while when we vote to leave the corrupt EU,
But hey my Chinese friend,
At least you won’t be threatened and harassed all the while.
,
China is quite useful.
Mar 10th, 2016 - 09:01 am - Link - Report abuse 0We only wait for the gold-backed currency or its equivalent and enough damage should be done... ;)
China's banks are going to swap underperforming loans for equity in those same companies.
Mar 10th, 2016 - 12:27 pm - Link - Report abuse 0They are well and truly fcked.
If they can't pay their loans it means the company isn't worth anything.
They're just delaying the inevitable write-downs
China doesn't have near enough cash to fix this problem.
Its just short time before it starts to fall apart.
You know what I think? I think your own greed is what China is feeding on.
Mar 11th, 2016 - 11:33 am - Link - Report abuse 0And that hasn't diminished.
;)
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