The Inevitable Collapse of China's Banks

Mar 29, 2007 | Posted by: roboblogger | Full story: Seeking Alpha

Posted on Feb 5th, 2007 with stocks banks were the belles at the global investment ball in 2006. via Seeking Alpha

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41 - 60 of 514 Comments Last updated Mar 26, 2014
Confused People

Torrance, CA

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#46
Apr 15, 2008
 
What is with the Bible? Well it is book of stories.

I think many of the Christian nations laws are derived from the Bible.

I am not sure about the killing the cow bit since their rulebook says otherwise, it is implied.

Why it is ok for the East Asians to eat meat? Their book says it is ok and they say it is just a book of stories, stories of their race writeen by people.
Life

Torrance, CA

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#47
Apr 15, 2008
 
Remeber our goal is to evolve not become christian or muslim or taoist. Our groups are working day and night to achieve our goals.

We should not accept false ideas.
Competetion

Torrance, CA

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#48
Apr 15, 2008
 
Hi Mexico, Vietnam, Canada, Iran, Congo, Columbia, Russia, Pakistan and others,

look you will do better if you compete with america in a fair way. We can see the problem.

The Market

Since: Mar 08

Long Beach, CA

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#49
Apr 15, 2008
 

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Jim Rogers: Chinaís Economic Advance is All But Unstoppable
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report

SINGAPORE - Chinaís long-term prospects are so strong that even a civil war, an economic collapse or political assassinations would only temporarily delay its emergence as a worldwide economic powerhouse, global investing guru Jim Rogers told Money Morning during an exclusive interview in this Southeast Asia city-state.

"Civil war would be a terrible thing in China, but itíd be a temporary setback, as would epidemics, as would economic setbacks,[and as would a] depression," Rogers said. "But China will come out of all that and keep going forward. Now, I donít anticipate war in China - even civil war - but Iím suggesting that if it happened, I donít see it as the end of the story any more than [the U.S. Civil War] was the end of the story in the United States."

With an economy thatís advancing at an average annual clip of better than 11%,$1.7 trillion in currency reserves, and an emerging middle class that will soon be the worldís largest, China represents the future to globally focused investors and businesses alike. But thereís always been a concern about just how resilient Chinaís economy actually would prove to be.

Rogers urged investors to dump such concerns.

http://www.moneymorning.com/2008/04/15/jim-ro...
Zsari Is CCP Plant

Shenyang, China

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#50
Apr 18, 2008
 

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Why are you guys even talking with this idiot. Anybody who can 400 posts in 15 days is full-time CCP plant or a moron with no life. Ignore him into oblivion. If you want his opinion turn on CCTV or read Xinhua. He offers nothing here. He is incapable of doing anything but supporting CCP party line propaganda.
MajorMalfunction

Selby, UK

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#51
Apr 19, 2008
 

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Zsari Is CCP Plant wrote:
Why are you guys even talking with this idiot. Anybody who can 400 posts in 15 days is full-time CCP plant or a moron with no life. Ignore him into oblivion. If you want his opinion turn on CCTV or read Xinhua. He offers nothing here. He is incapable of doing anything but supporting CCP party line propaganda.
How do we know you are not CIA, The thing is this is a democratic forum and the CCP has the right to air its views just like the CIA...and the american government, regardless of what they are doing in their respective countries... even horizon and Tenzin who where obviously planted on to the forums by the free tibet organizations where allow to air their respective views...only you who supposedly supports freedom and democracy have said that a person should not have a say because of their views ... maybe we should ignore you. NO! true democracy and true freedom means we even give a voice to you.. The only thing we do not tolerate here is personal attacks and insults...because if we allow that then the forums degenerate into boring flame wars and freedom of ideas are stifled.

Since: Apr 08

Kagoshima, Japan

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#52
Apr 19, 2008
 

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Japanese banks have more serious difficulties.

Shinginko Tokyo bank

Shinginko Tokyo bank is in financial difficulties. The management of this bank has been chaotic since it was established. I believed that this bank was established only to go bankrupt. And the reason why Tokyo Metropolitan Government accepted a French bank with financial difficulties was open to question. But I now know that there was give-and-take between them.

http://japansconspiracy.hp.infoseek.co.jp/01/...
Religion

Torrance, CA

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#54
Apr 28, 2008
 

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European plus Oriental = Russian

Are the Russians the bastard children of the Chiense and the French?

Are the Christians the bastard children of Adam and Eve?

Are the Hindus the haramie bacchas of Yama and Yami?
market

Torrance, CA

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#57
May 1, 2008
 

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I mean like should the company pay for the services or is the work for free.
Free Radical

Hattiesburg, MS

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#58
May 1, 2008
 

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MajorMalfunction wrote:
<quoted text>
How do we know you are not CIA, The thing is this is a democratic forum and the CCP has the right to air its views just like the CIA...and the american government, regardless of what they are doing in their respective countries... even horizon and Tenzin who where obviously planted on to the forums by the free tibet organizations where allow to air their respective views...only you who supposedly supports freedom and democracy have said that a person should not have a say because of their views ... maybe we should ignore you. NO! true democracy and true freedom means we even give a voice to you.. The only thing we do not tolerate here is personal attacks and insults...because if we allow that then the forums degenerate into boring flame wars and freedom of ideas are stifled.
I have no problem with the idea that this person might be a CCP plant. They sure argue like one - it's as if a CCP propaganda handbook learned to use the internet.

However, it is also true that all are welcome in a forum such as this. In fact, I would argue that it is important to include CCP members, since they are the fools who run the country.
Mad in China

Guangzhou, China

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#59
May 1, 2008
 
They have the right to print money,they will never lose.
luf

Calgary, Canada

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#60
May 1, 2008
 

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Free Radical wrote:
<quoted text>
I have no problem with the idea that this person might be a CCP plant. They sure argue like one - it's as if a CCP propaganda handbook learned to use the internet.
However, it is also true that all are welcome in a forum such as this. In fact, I would argue that it is important to include CCP members, since they are the fools who run the country.
fool? are you talking about yourself? your ignorance and stupidity is irony
luf

Calgary, Canada

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#61
May 1, 2008
 

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Zsari Is CCP Plant wrote:
Why are you guys even talking with this idiot. Anybody who can 400 posts in 15 days is full-time CCP plant or a moron with no life. Ignore him into oblivion. If you want his opinion turn on CCTV or read Xinhua. He offers nothing here. He is incapable of doing anything but supporting CCP party line propaganda.
you do need get a life while you spent time to count how many posts someone has posted in 15 days.

have you counted how many times your neighbour makes love with his wife?
luf

Calgary, Canada

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#62
May 1, 2008
 

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Zsari wrote:
It's almost funny reading something from a year ago. The predicted collapse of Chinese bank never took place, instead the US bank are falling into piece and require Chinese fund to bail out. How poetic.
it is not funny. The clean up of banks in China has helped a lot. Without the clean up, the corruption has made the banks collapsed.
Free Radical

Hattiesburg, MS

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#63
May 1, 2008
 

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Chinese banks have been near collapse for several decades. luf is correct, without government bailouts there would be big problems.
Andrez Lopez

El Paso, TX

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#64
May 1, 2008
 
Chinese banks are incollapable because China has a totalitarian government. Banks are not manipulatable by outside forces. Chinese banks can make the mistake in investing on subprime lending, but being a totalitarian government they can get back on their feet easily.
WWJD

Kunming, China

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#65
May 2, 2008
 

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I brought lots of shares in Chinese banks. The Chinese banks are the safest in all investments in China currently. The one to watch for is Bank of China!
Free Radical

Hattiesburg, MS

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#66
May 2, 2008
 

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Chinese banks are tough to bring down, but not "incollapsable," authoritarian government or not, because the supply of money to bail them out is not endless.

It is estimated that 25-50% of all loans made by China's banks are "nonperforming," meaning they are not paid back. This is far worse that America's subprime load fiasco.

WWJD, please note that the Bank of China reported 750,000,000 US dollar loss last year from corruption alone. That's not even counting the "nonperforming" loans. A Chinese bank is the last place where you want to invest.

Since: Mar 08

Pompano Beach, FL

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#67
May 2, 2008
 

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You are living in the past.

China regulator pegs nonperforming loan ratio at 6.7% vs. 23.6% five years ago
By MarketWatch
Jan. 18, 2008

BEIJING (MarketWatch)-- China's banking regulator said Friday the average nonperforming loan ratio of the country's major commercial banks was 6.7% at the end of last year, compared with 23.6% five years ago.

....
Historian

United States

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#68
May 2, 2008
 

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Free Radical wrote:
Chinese banks are tough to bring down, but not "incollapsable," authoritarian government or not, because the supply of money to bail them out is not endless.
It is estimated that 25-50% of all loans made by China's banks are "nonperforming," meaning they are not paid back. This is far worse that America's subprime load fiasco.
WWJD, please note that the Bank of China reported 750,000,000 US dollar loss last year from corruption alone. That's not even counting the "nonperforming" loans. A Chinese bank is the last place where you want to invest.
You cannot be more wrong. A news article from yesterday reported that 3 out of the top 4 banks in the world are Chinese banks.

First place, the Industrial and Commerce Bank of China
2nd place, Chinese Construction Bank
3rd place, HSBS of Britain (which used to be based in Hong Kong and relocated to Britain in 1997)
4th place, Bank of China
5th place, Bank of America
6th place, Citigroup

The way you presents the loss of Bank of China is very impressive with lots of zero. That amount is three quarter of a billion US dollars. The subprime loss of Citigroup alone is into the tens of billions. The Chinese government has a foreign currency reserve of close to 2 trillion dollars. 3 days of interest payment from the US treasury to China's treasury bond holding is enough to pay for all that loss.

I always thought that we have to strengthen our math education in this country. You are a walking example of our need to teach more math, starting with counting. Repeat after me. 1, 2, 3 ... Now keep going on your own.

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