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12-18-2009, 11:13 PM #1
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China Faces Crash Scenario: this is who we borrow money from
Friday, December 18, 2009
China Faces Crash Scenario
Problems in China continue to mount. Money supply is growing rampantly out of control, property prices are in a bubble, exports are weak, commodity speculation is pervasive, and GDP growth is more of a mirage than real.
Money Supply Growing Record 29.74%
Please consider China Monthly New Loans Are 294.8 Billion Yuan, Above Forecast http://www.bloomberg.com/apps/news?pid= ... HXwmpVL__s
New local-currency loans totaled 294.8 billion yuan ($43.2 billion), compared with 253 billion yuan in October, according to data released by the People’s Bank of China on its Web site today. The median forecast of 19 economists in a Bloomberg News survey was 250 billion yuan.
M2, the broadest measure of money supply, rose a record 29.74 percent in November from a year earlier.
China’s banking regulator plans to slow new lending to between 7 trillion yuan and 8 trillion yuan next year, a person familiar with the matter said this week. China is trying to ensure that there is enough credit to support an economic recovery without increased risks of bad loans and asset bubbles.
“We believe slower credit growth in 2010 will be key to avoid a boom-bust scenario in the economy,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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05-18-2024, 07:35 AM in General Discussion