IMF Warns of Impending CHINA CRASH!

IMF Warns of Impending CHINA CRASH!

Posted in the China Forum

CORRUPT STUPID CCP

Port Moody, Canada

#1 Jul 10, 2013
IMF rings alarm bells as the China dragon runs out of puff

by: DAVID UREN
From: The Australian July 11, 2013 12:00AM

THE International Monetary Fund has warned that China is at risk of a serious fall in growth as the country's foreign trade volumes, including its iron ore imports, drop below last year's level.

China's exports dipped 3.1 per cent in June from a year ago -- the first such fall since late 2009 -- while imports were down 1.8 per cent following a smaller drop in May.

China's imports from Australia are still up by 11.9 per cent over the year, but its global imports of iron ore fell sharply and are 7 per cent below levels of a year earlier.

The challenging outlook for Australia's principal trading partner comes as the latest Westpac consumer sentiment survey shows households are increasingly upbeat about the long-term economic outlook but pessimistic about their own finances.

Westpac senior economist Matthew Hassan suggested consumer views on the economic outlook were shaped by the improved prospects for the US and the fall in the Australian dollar.

The disappointing Chinese trade figures follow a fall in the benchmark manufacturing index and a bank credit squeeze, and throw doubt on whether the country's growth target will be achieved. IMF chief economist Olivier Blanchard said that while the latest downgrade in its growth forecast for China to 7.8 per cent was in line with the government's objectives, there was a danger of a much worse result.

...
CORRUPT STUPID CCP

Port Moody, Canada

#2 Jul 10, 2013
...
"The country where there is the largest risk in terms of large decrease in growth is China," Mr Blanchard said.

He said the Chinese authorities were aware of the need to boost domestic consumption and rely less on business investment to fuel growth.

"The risk is the slowdown in investment comes first and there is not the increase in consumption which is fast enough to compensate."

He said Chinese policymakers were aware of the risk but it was not clear they would succeed in getting the consumption growth they are looking for.
CORRUPT STUPID CCP

Port Moody, Canada

#3 Jul 10, 2013
We've heard CCP China's Environment Minister admit that his department has been a TOTAL and UTTER FAILURE and one of THE WORST ON EARTH!

When will the rest of the CCP's "technocrats" admit that they are TOTAL FAILURES as well?

HA HA HA HA HA HA HA HA!
CORRUPT STUPID CCP

Port Moody, Canada

#4 Jul 12, 2013
If the Chinese Communist Party stays in power and continues to drag China down, this will possibly be as bad as the LAST time the CCP kleptocratic monarchy destroyed China's economy during the "Great Leap Foward"!

Forty million Chinese STARVED in that epic CCP idiocy!
UIDIOTRACEMAKEWO RLDPEACE

United States

#5 Jul 12, 2013
US / Western crashed hard! But i say China will be in for soft crash! wbhahahhhaaa aGAIN NOT A COMMIE!
ABC FINE

United States

#6 Jul 16, 2013
Where is Miro
OVERTHROW the CCP PIGS

Port Moody, Canada

#7 Jul 22, 2013
http://www.bloomberg.com/news/2013-07-21/what...

China is FAKING GDP numbers!

Gee! What a shocker!

HA HA HA HA HA HA HA HA!
The CCP is DYING

Port Moody, Canada

#8 Jul 22, 2013
UIDIOTRACEMAKEWORLDPEACE wrote:
US / Western crashed hard! But i say China will be in for soft crash! wbhahahhhaaa aGAIN NOT A COMMIE!
Soft like your head, eh, Commie?

HA HA HA HA HA HA HA HA HA!
The CCP is DYING

Surrey, Canada

#9 Jul 23, 2013
"The country where there is the largest risk in terms of large decrease in growth is China," Mr Blanchard said.

So true. An unstable house of cards is like that.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

China Discussions

Title Updated Last By Comments
Muslims needed in Santa Cruz ca.-nazi junkie sc... 3 hr Mr insurance dedu... 1
Stereotypes of Chinese people (May '14) 13 hr Punta 44
Are Chinese Barbaric? (Nov '07) Aug 24 Jynxie 693
many filipina are slut, cheap, backstabber and (Jul '13) Aug 23 Poscer 17
United States Crushes China in 2016 Summer Olym... Aug 22 Leonard 68 1
News The Chinese admiral who spread Islam across Sou... Aug 21 Khan 2
Are Asians Inherently Smarter? (Apr '12) Aug 19 Yourhusband 130
More from around the web