Why Beijing Is In A Risky Place

Very good topic. Much better topic then Why China Work.

Beijing, city of thieves. Very dangerous place.

."....toxic assets have begun to weigh heavily on banks."

Sounds more like a fairy tale to me...........................

What is good for you if Beijing is in risk? If Beijing fail to feed it people ,the largest population in the world,you hope their people would beg the food from you guys? Don't pretend to be that you are only the saver. T

It is China that enables the world 's population to own things at affordable prices. To continue doing so this slight hiccup in China's economy is very much welcomed for the production costs to re-adjust itself for the benefits of both China and the rest of the world because there has been clear indications that the production costs in China are rising. However some control need to be in place not on the economy itself which should be at laissez-faire, but on the speculators and irresponsible corporate players and bankers who are the ones who started the world's economic collapse.

You may find many bullshit articles like this one. Authors claim or make themselves sounded like experts of economics or experts of China. The simple fact is these authors may have never got a chance to step on the soil. They simply imagine things up. They have no clue about the facts, no clue about the consumption culture and pattern.
20 years ago, China was taking off, not many in western world believed it. There were quite a few "Nei" sayers too. 10 years ago, China continued growth, there were many papers published, many "experts" claimed China would "implode" or "collapse"; A few months ago, there were many bullshiters as well, about Beijing Olympic game, they called the whole world to boycott it.
Here we come again, some ???leaders??? have already started. Mark this post, China is the only hope to lead the world out of this crisis. Arrogance never worked, and it will not work this time again!

While comparing the USA and Chinese economies, this article totally misses the pint that China (as well as other countries) has accumulated huge surpluses of US Dollars....what is going to happen when the countries (like China) were content to invest their surplus dollars in dollar denominated investments like treasuries? If these countries withdraw huge sums currently invested in the US the huge outflow of dollars will create another investment crisis that will compound the existing disaster.

Not only should China not expect to export their way out of this mess, but their will probably decline as countries tire of their currency manipulation and import restrictions. The banks and multinationals who protected this rigged trading scheme no longer have any power.

Investment and export are slowing; so the only way to sustain growth is to boost government spending and domestic consumption. With massive foreign reserve of nearly 2 trillion US dollars and a population of over 1 billion; this can be an opportunity for China to improve its people quality of life; and help boosting world economy. With its roller coasting history, let's hope China learn the horrible lesson of its cultural revolution and do the right thing