Sorry Haters, Your China Hard Landing Has Been Postponed Again

[Gufi]

Comes down to the fact that there is a mindset prevailing that the world of finance is dominated by the west and they are the only ones who will be able to achieve long term success in this.
The economy is growing at a constant because of the population which was considered a liability is becoming an asset.
as for the ghost cities and all, they will be bought up as people age and start getting the concept of second homes in quieter areas. Also with time China will become a good place to buy property for people in Asia who want a quiet corner to relax.

 

[seesonic]

Wrong again. Do you even check your figures before posting?

https://www.xe.com/currencycharts/?from=USD&to=CNY&view=1Y

1)The RMB has appreciated against the USD since Jan from 1USD=6.9RMB to current 6.7RMB today.

2)Even if the RMB somehow depreciates 4% this year, at above 6% growth the Chinese economy will still grow in nominal dollar terms. And I haven't add in inflation yet. Idk how you get that it will contract.

His insisting that the Chinese nominal GDP has tanked and there is no growth in China.

On the other hand India is growing and he think India is the supa power. YEAH !

http://www.scmp.com/business/bankin...ally-unwind-capital-controls-currency-outflow

 

[TaiShang]

Samsung to invest US$7 bln in China chip plant
Xinhua, August 30, 2017

Samsung Electronics Co. signed agreement Wednesday with the government of northwest China's Shaanxi Province to expand its chip production capacity there.

Samsung will inject an initial investment of 7 billion U.S. dollars into the second phase of its chip plant in Xi'an, capital of Shaanxi, which will primarily produce advanced flash memory chips.

The first phase of the plant at the Xi'an Hi-Tech Industries Development Zone went into operation in May 2014, with a total investment of 10 billion dollars.

The opening of Samsung's semiconductor project has attracted more than 100 supporting companies to the zone, and its expanded capacity is expected to strengthen Xi'an's role as a major semiconductor industry base.