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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 12:14 PM
Original message
Chinese manufacturing output hits a 32-month low
Source: BBC

China's manufacturing activity fell to its lowest level in 32 months in November, according to the HSBC bank purchasing managers' index.

The news renewed fears that the economic powerhouse is losing steam, and contributed to 2% falls on the Hong Kong and Sydney stock markets.

China's PMI, a measure of the goods and services companies buy each month, fell to 48 from 51 in October.

An index reading under 50 indicates economic contraction.

Read more: http://www.bbc.co.uk/news/business-15850569
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 12:44 PM
Response to Original message
1. No one can afford their cheap shit anymore n/t
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Vincardog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 01:12 PM
Response to Original message
2. There seems to be a lesson to be learned here. Unemployed people can't be counted on to carry the
economy. Give it you you greedy bastids.
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 01:29 PM
Response to Original message
3. China is about to crash.
The health of their economy is overly dependent on exports and those exports are drying up do to a drop in global demand due to economic worries in their biggest markets.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 02:49 PM
Response to Reply #3
4. Because China made its way by paying low, low, low, low, low wages
to its needy people and grabbing jobs from other countries that paid wages a person could live on.

The Chinese were too greedy. It's another example of a greed killing the goose that laid the golden eggs.

I buy as many locally produced food and products as possible.
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NickB79 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 03:11 PM
Response to Reply #3
5. They tried to create a US-style housing bubble too
To the point that they built entire CITIES that are now standing empty: http://www.google.com/search?client=ubuntu&channel=fs&q...

This will not end well for any of us.
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 04:40 PM
Response to Reply #5
7. Yes, this is could get ugly.
China itself is a bubble.
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Ikonoklast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 03:18 PM
Response to Reply #3
6. China's real estate bubble makes ours look like chump change.
I would short China with all my might, they are headed for a sheer cliff.
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 04:41 PM
Response to Reply #6
8. Yeah, I agree and I doubt China will be able to manage this to limit the damage.
It could get ugly.
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christx30 Donating Member (774 posts) Send PM | Profile | Ignore Wed Nov-23-11 10:51 PM
Response to Reply #8
9. What are your thoughts
of China calling the loans they got from the US to try to shore up their cash reserves? That could be very bad for the US. Or looking to their military as a way of rallying their people so the leaders can stay in power? We're seen examples throughout history of leaders that, when faced with certain bad times in their country, invade other countries just to get that bump. With their history of conquering Tibet, and saber rattling in regards to Taiwan, I wouldn't put it past them.
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Nihil Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-24-11 05:08 AM
Response to Reply #9
11. That thought is probably gnawing away at the President's sleep ...
> What are your thoughts of China calling the loans they got from the US
> to try to shore up their cash reserves?

:wow:

(I presume you mean calling in some of the US debt that China holds
rather than "the loans they got from the US".)
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-24-11 05:45 AM
Response to Reply #9
12. Who knows what the Chinese may do.
But I think we can be certain they wont do anything that can potentially make the situation worse for them. Cashing in their US bonds could have severe impact on the US and global economy which is not good for China. I think invading another country is unlikely... not their style. I think their main approach is simply to use their economic might to influence and positions themselves better in the world.
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Brigid Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 11:58 PM
Response to Original message
10. Have we reached "peak Chinese junk?"
We can only hope.
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-24-11 07:02 AM
Response to Reply #10
13. Yes, I hope so too.
This peak is a good one.
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