China Faces Growing Headwinds, Says Vice Premier

[śūnya_0_Zero]

Huh?? You got me. Can somebody translate?

It's mandarin.. don't feel inferior if you can't understand it.

Nobody can.

 

[Aramsogo]

Electricity Drop Indicates Slowdown in Chinese Economy Electricity Drop Indicates Slowdown in Chinese Economy | Business & Economy | China | Epoch Times




This 3rd world country is going to surpass the US? lol China is crashing and burning after years of fudged up numbers and propaganda lies.


that's why Chinese companies are going to school to learn how to commit more and more fraud!

Chinese Companies Go to Fraud School

NASDAQ looking to reduce risks of Chinese reverse mergersChinese Companies Go to Fraud School | Business & Economy | China | Epoch Times

Silly banned Indian, China consumes 5 times the electricity of India on a per capita basis.

List of countries by electricity consumption - Wikipedia, the free encyclopedia

It must be dark and no electricity where you live. Conserve your phone battery power for the 7-Eleven shift.

 

[JayAtl]

Thirty Percent of Guangdong Enterprises Suffer First Quarter Losses
Thirty Percent of Guangdong Enterprises Suffer First Quarter Losses | Business & Economy | China | Epoch Times

Silly banned Indian, China consumes 5 times the electricity of India on a per capita basis.

List of countries by electricity consumption - Wikipedia, the free encyclopedia

It must be dark and no electricity where you live. Conserve your phone battery power for the 7-Eleven shift.

I know we have the misfortune of having the lowest of all IQ Chinese in the US- but the article was not about who consumes more rather consumption loss as an economic indicator. Try and read the article before embarrassing yourself on your wait staff break.

 

[jbond197]

China's factories faltered

(Reuters) - China's factories faltered in May as export orders fell to two month lows, a private sector survey showed on Thursday, suggesting surprise weakness in April's hard economic data persists even as policymakers seek to shore up growth.

The HSBC Flash Purchasing Managers Index, the earliest indicator of China's industrial sector, retreated to 48.7 in May from a final reading of 49.3 in April. It marked the seventh straight month that the index has been below 50, indicating contracting economic activity.

The figures signal that the sluggish economic conditions of the first quarter are set to continue throughout the first half of the year in China's longest slowdown since the global financial crisis.

"Policymakers have been and will step up easing efforts to stabilize growth," HSBC's chief economist Qu Hongbin, wrote in a statement accompanying the PMI release. "As long as the easing measures filter through, China will secure a soft landing in the coming quarters."

Factory output hit a seven-month high, building on a rebound of new orders in April. But new orders fell back in May's flash survey with a sharp fall in new orders from overseas.

The new export orders sub-index dropped to 47.8 from April's final figure of 50.2 - pushing it back to within a whisker of March's 47.7 - according to data from Markit Economics Research, which publishes the index.

The Chinese data weighed moderately on financial markets, although most focus was on the euro zone's deepening debt crisis and the risk that Greece will leave the bloc.

A euro zone flash PMI fell in May to its lowest level since June 2009. German manufacturing was shrinking in May at its fastest pace in three years, data showed.

Premier Wen Jiabao has called for efforts to support growth, which is set to slowdown in the second quarter of this year for the sixth straight quarter.

Unexpectedly weak economic data for April released earlier this month was followed quickly by the central bank's third cut since November in the amount of cash that banks must keep in reserve, to allow more credit to flow into the economy.

China's key money market rate hit a 13-month low on Thursday, implying there is plenty of liquidity but too little demand for loans.

"The recent required reserve ratio cut will at best make a marginal difference to lending by reducing funding costs for banks, and even then the economic benefits will be felt with a lag," wrote Mark Williams and Qinwei Wang of Capital Economics, in a note published before the data. They argued that any turnaround would not be reflected in May's PMI data.

Comments by Wen that more priority should be given to "maintaining growth" and news that Beijing intends to fast track infrastructure investment "signal stronger stimulus in coming months," they said.

Beijing also plans to boost private investment into areas previously reserved for the state sector, including rail, hospitals and energy transport.

Still, Beijing has not budged on one of the fundamental causes of the slowdown in growth -- stringent curbs on the real estate sector, which have starved private developers of funds and limited would-be buyers' purchases.

The funding crisis for Chinese property developers is intensifying, ratings agencies Standard & Poor's and Moody's said on Thursday, with builders facing spiking borrowing costs and limited ability to raise cash.

Since April's data, economists have pushed back their forecasts for a recovery in China's growth cycle and now expect the bottom to be hit in the second quarter, which would mark the sixth successive quarter of slowing growth.

They forecast China's annual rate of growth would slide to 7.9 percent in the second quarter, down from 8.3 percent before the data, a benchmark Reuters poll showed.

They now expect 2012 growth of 8.2 percent, the weakest since 1999 but still comfortably above the government's 7.5 percent target. They had forecast 8.4 percent before the April data.

STEPPING UP EASING

The poll underscored expectations of more adjustments to monetary and fiscal policies to support growth, while stopping well short of an outright stimulus package.

Fiscal data for the first four months of 2012 shows year on year central government spending growth of 26.2 percent, more than twice the 12.5 percent growth in revenue.

The last time spending outpaced income in the first four months was 2009, during the global financial crisis, when it jumped 31.7 percent on the year and revenue fell 9.9 percent.

The HSBC PMI has provided a contrast to the Chinese government's official PMI. The government PMI hit a 13-month high of 53.3 in April as exports ticked higher although domestic orders showed signs of weakness.

That survey includes more state-owned firms in its results, while the HSBC PMI captures more private firms, which have a more restricted access to credit. The two surveys also have differing methodologies for seasonal adjustment.

The HSBC Manufacturing PMI index has not been consistently above 50 since June 2011, although it is far above readings of the low-40s reached during the depth of the global financial crisis in late 2008 and early 2009.

The flash reading is based on as many as 90 percent of total responses to the monthly survey. A final report will be issued in the first few days of June.

The slowdown in China's economic growth has rattled commodity markets, prompting falls in raw materials prices.

In a sign of renewed caution by Chinese firms, private aluminum smelters in the central province of Henan have idled high-cost production, taking about one-quarter of capacity in China's largest producing province off-line after earlier attempts to ride out the slump.

The cuts come after a number of global metal producers trimmed output at the beginning of the year, on fears of slower growth. Chinese aluminum futures have traded in a flat range in Shanghai this year, as stocks grew to one-year highs.

(Reporting By Lucy Hornby; Editing by Neil Fullick and Nick Edwards)

Silly banned Indian, China consumes 5 times the electricity of India on a per capita basis.

List of countries by electricity consumption - Wikipedia, the free encyclopedia

It must be dark and no electricity where you live. Conserve your phone battery power for the 7-Eleven shift.

Is it a comparison thread or are you brain dead? Btw, only low IQ can not not really do basic calculations.. Like

389/107 = 5 as per Chinese mathematics calculations. What a fked up maths are these Chinese learning?

Now, US per capita power consumption is 4 times yours.. Now beat that!!

 

[śūnya_0_Zero]

Silly banned Indian, China consumes 5 times the electricity of India on a per capita basis.

List of countries by electricity consumption - Wikipedia, the free encyclopedia

It must be dark and no electricity where you live. Conserve your phone battery power for the 7-Eleven shift.

Can you do elementary mathematics?

Your own link says: China: 389, India: 107; that should be 3.6 times, not 5 times.

Otherwise, don't write "per capita".

And to add, china's electricity "per capita" has no meaning .. because Americans and Europeans are actually consuming "the coal you mine" and "the electicity you generate" .... It's not for the chinese.

Do I even need to explain, how? Damn, your low IQ may still be an issue..

 

[Aramsogo]

Thirty Percent of Guangdong Enterprises Suffer First Quarter Losses
Thirty Percent of Guangdong Enterprises Suffer First Quarter Losses | Business & Economy | China | Epoch Times



I know we have the misfortune of having the lowest of all IQ Chinese in the US- but the article was not about who consumes more rather consumption loss as an economic indicator. Try and read the article before embarrassing yourself on your wait staff break.

There was no 'loss' Sanjay. It stated a slowdown in the rate of growth. Big difference for 7-Eleven guys to understand the nuances of the English language, but a world of difference nevertheless.

Did you see the Google Code Jam results this weekend??? Man, Indians really embarrassed themselves this year even more than previous years. 3,000 indian entries, 4 made it to Round 3. Just 4. China had 120 make it to the 3rd round, with only 2,000 entries.

 

[JayAtl]

Can you do elementary mathematics?

Your own link says: China: 389, India: 107; that should be 3.6 times, not 5 times.

Otherwise, don't write "per capita".

And to add, china's electricity "per capita" has no meaning .. because Americans and Europeans are actually consuming "the coal you mine" and "the electicity you generate" .... It's not for the chinese.

Do I even care to explain, how? Damn, your low IQ may still be an issue..

they hand him a pre-calculated 'total' print out to put out at the tables. Math nor reading what the article(s) was actually about is not his forte...

 

[jbond197]

they hand him a pre-calculated 'total' print out to put out at the tables. Math nor reading what the article(s) was actually about is not his forte...

That's actually true of most of the Chinese I have seen on PDF.. It looks like they lack reading skills because they never talk to the topic..

 

[laman12345]

WIll India collapse soon?

Borrowing costs at these levels are widely considered to be unsustainable in the long run. The yield on Spanish 10-year bonds rose to 6.6% - close to levels which pushed Greece, Portugal and Ireland into taking financial support from the EU.

World shares Big Slump today*


Spanish Yields Soar; Germany at New Record Low - WSJ.com

India 10 year bonds yield = 8.5%

and also the Debt Ratio of India is more worse than Spain

 

[Aramsogo]

Can you do elementary mathematics?

Your own link says: China: 389, India: 107; that should be 3.6 times, not 5 times.

Otherwise, don't write "per capita".

And to add, china's electricity "per capita" has no meaning .. because Americans and Europeans are actually consuming "the coal you mine" and "the electicity you generate" .... It's not for the chinese.

Do I even need to explain, how? Damn, your low IQ may still be an issue..

Okay, 5x Total, only 3.635514 per capita. Happy?? Is it any less embarassing??

I guess all those Indians call centers and lame *** IT sweat shops don't consume electricity in India, right??

 

[jbond197]

Aram,

Bro, take a few lessons of elementary maths and I am sure you will fare better in your next comeback..

WIll India collapse soon?




India 10 year bonds yield = 8.5%

and also the Debt Ratio of India is more worse than Spain

Bright example of Chinese "Reading Skills".. Dear, if the translation messed it up, let me tell you we are talking about China here..

If you have any reports about China slowdown, low factory output etc, you are most welcome to share..

 

[JayAtl]

There was no 'loss' Sanjay. It stated a slowdown in the rate of growth. Big difference for 7-Eleven guys to understand the nuances of the English language, but a world of difference nevertheless.

Did you see the Google Code Jam results this weekend??? Man, Indians really embarrassed themselves this year even more than previous years. 3,000 indian entries, 4 made it to Round 3. Just 4. China had 120 make it to the 3rd round, with only 2,000 entries.

Oh Dum Gai, a slowdown in consumption is not a loss in mandarin? Because there is no nuanced difference in the English language. Consumption is a measured metric and metric either goes up down or stays the same... and if it goes down, it is a loss in consumption. Regardless Dum gai, how did you think your link played any significance into what the article ( and it's direction) espoused?

The nationwide consumption of electricity has always been an important barometer for evaluating China’s economy—Li Keqiang, the vice premier, once said he looks at electricity usage rather than official statistics—and since the beginning of this year, things have not looked good: The rate of increase in electricity consumption has been falling, reaching a new low for the month of April.

 

[Aramsogo]

Aram,

Bro, take a few lessons of elementary maths and I am sure you will fare better in your next comeback..

An Indian asking a Chinese to learn "maths" doesn't deserve a reply.
Indian programming skills. LOL. Best is 340th place...

Scoreboard - Round 2 2012 - Google Code Jam

 

[Great Sachin]

Yup!

Unlike some hunky-dory Indians that a tortoise will eventually catch the rabbit, Chinese leaders always have a sense of crises even it is only natural that rabbit is always faster that tortoise.


A tortoise can only catch the rabbit in a fairytale.

The Chinese wisely leave the Indians in a fairytale story and they themselves in a real world.

Hails to the Chinese leaders!

For you..anyway does not matter.. after race ...you will eat them both.....either it is tortoise or rabbit

 

[jayron]

Chinese response to their economic problems-talk about India's economic problems. Lol