http://www.creditwritedowns.com/2009/07/china-growth-on-track-but-at-what-cost.html a finance news and opinion site Sun, 14 Mar 2010 12:14:51 +0000 hourly 1 http://www.creditwritedowns.com/2009/07/china-growth-on-track-but-at-what-cost.html#comment-10329 A few comments on this blog’s harsher tone about the credit crisis - Credit Writedowns Mon, 08 Mar 2010 17:18:49 +0000 http://www.creditwritedowns.com/2009/07/china-growth-on-track-but-at-what-cost.html#comment-10329 [...] enterprises. Look at what’s happening in China.  Are you telling me stimulus is not working? It most certainly is.-Is economic boom around the corner?, Oct 2008That’s exactly why the U.S. economy grew at a 5.9% [...] [...] enterprises. Look at what’s happening in China.  Are you telling me stimulus is not working? It most certainly is.-Is economic boom around the corner?, Oct 2008That’s exactly why the U.S. economy grew at a 5.9% [...]

]]> http://www.creditwritedowns.com/2009/07/china-growth-on-track-but-at-what-cost.html#comment-8174 Vangel Sun, 13 Sep 2009 08:33:43 +0000 http://www.creditwritedowns.com/2009/07/china-growth-on-track-but-at-what-cost.html#comment-8174 China will import gold, silver, copper, potash, iron and other commodities that it can use now and in the future as a way to diversify reserves away from the USD, reduce its trade surplus and keep its currency from appreciating. Eventually, the government will have no chose but to allow the RMB to go up and when that happens the Chinese will find that they can afford to consume many of the products that they now export to the US. Contrary to popular opinion in the US, American consumption is not hard or all that critical for the global economy. When Americans realize that they are broke and can no longer bid for scarce resources consumers from developing countries will step up and take their place as goods become more affordable due to their rising currencies. China will import gold, silver, copper, potash, iron and other commodities that it can use now and in the future as a way to diversify reserves away from the USD, reduce its trade surplus and keep its currency from appreciating. Eventually, the government will have no chose but to allow the RMB to go up and when that happens the Chinese will find that they can afford to consume many of the products that they now export to the US. Contrary to popular opinion in the US, American consumption is not hard or all that critical for the global economy. When Americans realize that they are broke and can no longer bid for scarce resources consumers from developing countries will step up and take their place as goods become more affordable due to their rising currencies.

]]> http://www.creditwritedowns.com/2009/07/china-growth-on-track-but-at-what-cost.html#comment-6409 Vangel Sun, 13 Sep 2009 02:33:43 +0000 http://www.creditwritedowns.com/2009/07/china-growth-on-track-but-at-what-cost.html#comment-6409 China will import gold, silver, copper, potash, iron and other commodities that it can use now and in the future as a way to diversify reserves away from the USD, reduce its trade surplus and keep its currency from appreciating. Eventually, the government will have no chose but to allow the RMB to go up and when that happens the Chinese will find that they can afford to consume many of the products that they now export to the US. Contrary to popular opinion in the US, American consumption is not hard or all that critical for the global economy. When Americans realize that they are broke and can no longer bid for scarce resources consumers from developing countries will step up and take their place as goods become more affordable due to their rising currencies. China will import gold, silver, copper, potash, iron and other commodities that it can use now and in the future as a way to diversify reserves away from the USD, reduce its trade surplus and keep its currency from appreciating. Eventually, the government will have no chose but to allow the RMB to go up and when that happens the Chinese will find that they can afford to consume many of the products that they now export to the US. Contrary to popular opinion in the US, American consumption is not hard or all that critical for the global economy. When Americans realize that they are broke and can no longer bid for scarce resources consumers from developing countries will step up and take their place as goods become more affordable due to their rising currencies.

]]>