China Misses 3 Trillion Yuan But You Should Trust Inflation and GDP Data

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Sun, 11/13/2011 - 19:51 | 1874294 DeadFred
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The official denial (or nuclear tipped missle) will arrive in a few minutes.

<fingers crossed for the denial option>

Sun, 11/13/2011 - 19:58 | 1874306 trav7777
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bbbbut...bbbbut...China is the FUTURE.  They're going to take over everything.  They are so slanty-eyed and devious and smart, which is why they invented all of the technological marvels of the past 500 years

Sun, 11/13/2011 - 20:02 | 1874314 DaBernank
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Bbbbut, this is all part of the 5000-year plan that the brilliant CCP officials have mapped out.

Sun, 11/13/2011 - 20:20 | 1874338 Minimum Clearance
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Not just brilliant planners -- thay've also shown themselves to be good at executing.  



Sun, 11/13/2011 - 21:57 | 1874475 Harlequin001
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'Duyang town in Guangdong province has >200m yuan of debt vs annual fiscal income of 500,000 yuan: Observer' - Fucking Priceless.'

There's a reason why manufacturing is done locally/domestically under a gold standard and investors are wary of country risk. It is the reason why England took Hong Kong from China. It is called default risk and just plain foreign government bullshit risk aka lies.

If nothing else, this should result in the return of considerable numbers of jobs as investors now balk at investing in a country like China where the ability to accurately measure the preformance of your investment is now seriously undermined. This is a good thing for domestic manufacturing and hopefully the first of many nails in the coffin of globalization by investors scared of losing their money. If they don't then they deserve to lose their money as a consequence of the real risk of investing in a foreign country.

Sun, 11/13/2011 - 22:39 | 1874529 TheFourthStooge-ing
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With more than 200 million yuan of debt and annual fiscal income of 500 thousand yuan, it appears that Duyang town's brirriant pranners must have received their MBAs from American correges.


Mon, 11/14/2011 - 00:25 | 1874673 trav7777
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oh yeah, this is all OUR fucking fault...right.

Everything is.  From inability of africans to feed their own children to the uttery insanity of debt loads of Chinese towns.

WTF is wrong with you?

Mon, 11/14/2011 - 01:37 | 1874793 Harlequin001
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You need to chill out Trav old stick. 3 trillion might sound like a lot but when you look at this in perspective, in Monopoly terms it might buy you Fleet Street, or possibly an old boot.

Alternatively in air miles terms it might buy you around 42 feet...

maybe not...

Mon, 11/14/2011 - 09:54 | 1875278 TheFourthStooge-ing
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trav7777 totally missed the point when he claimed:

oh yeah, this is all OUR fucking fault...right.

No, it's their fucking fault for being too blinded by greed to learn the real lesson offered by "morning in America": borrowing and leveraging your way to false prosperity is a primrose path which is best avoided.

Everything is.  From inability of africans to feed their own children to the uttery insanity of debt loads of Chinese towns.

WTF is wrong with you?

Apparently I'm lacking a persecution complex.


Tue, 11/15/2011 - 17:39 | 1880332 Barbar
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so whoever happens to be fucking the world in the ass right now it's their fault. that just happens to be, err, yeah, it's liechtenstein actually...sorry, nevermind...

Sun, 11/13/2011 - 21:19 | 1874430 High Plains Drifter
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remember, each chinese family is only officially allowed one child per party policy. they don't want girls. they want boys. so when they have a girl, they keep doing it until the get a the chinese population control operation is not working all that well either.........chinks are smart..........real schmart.........

Mon, 11/14/2011 - 00:28 | 1874682 jekyll island
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Not exactly, there are about 30% more males than females in China and THAT is a problem.  There are going to be a lot of single young males that will have no prospect of finding a woman to marry.  How do you think that is going to play out?  Riots?  Revolution?  War?  All of the above?  China's housing bubble is going to sink their economy and then they will have millions of hungry 20 something year old males already pissed off because they can't get laid who now can't find a job.  China will be another domino that will fall after Europe and the US.  

Sun, 11/13/2011 - 21:39 | 1874455 holycrooks
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you are not correct. for 5000 years, they invented tortures and killings.

Sun, 11/13/2011 - 21:59 | 1874480 Harlequin001
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and fireworks...

Sun, 11/13/2011 - 22:01 | 1874482 Harlequin001
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and football...

Sun, 11/13/2011 - 22:02 | 1874484 Harlequin001
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and what have the Roman's ever done for us, eh?

Sun, 11/13/2011 - 22:57 | 1874552 WmMcK
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Built aquifers ... and maintained peace, if I remember correctly.

Sun, 11/13/2011 - 23:01 | 1874559 Harlequin001
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roads, sewers...

Mon, 11/14/2011 - 00:26 | 1874675 trav7777
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you see that alphabet you're using?

Mon, 11/14/2011 - 01:25 | 1874779 Harlequin001
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Roman numerals, something else consigned to the dustbin of history, just like the ECB...

Mon, 11/14/2011 - 03:02 | 1874898 Raymond Reason
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Mon, 11/14/2011 - 04:18 | 1874941 Harlequin001
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I was going to say 'Bollocks' but when you think about it, without Romans there would be no Catholics, and Jesus would merely have been just another unremarkable king of a displaced tribe of what were arguably some of the oldest and best trained fighters in the world at that time...

Next to the Romans of course, who whooped their arses...

Mon, 11/14/2011 - 03:21 | 1874906 fajensen
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That's how China writes off debt. It just disappears one night. Like dissidents.

Sun, 11/13/2011 - 20:04 | 1874300 knukles
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(Why do I feel like I keep talking to myself?  Every fucking thing is absolutely broken, nothing works, the math don't add, the cows don't crow when Venus occults with Mars during a momentary stutter in the precessional rotation.  And all the politicians lie, dogs and cats are happily having guppies and if the Mexicans get thrown out of California strawberries will cost more than premium gasoline.  The shit from Japan is floating onto shore, Merkel, Snarko and their ilk are fucking everything up, Goldman (at the behest of the City of London, BTW) is running everything, my checks bounce, my feet hurt and the Lord don't love me anymore.  And i'm the only one yelling we're fucked in real time, not tomorrow, or later, but right now, here, where we sit and stand.  And nobody liistens.)

Sun, 11/13/2011 - 20:28 | 1874336 hedgeless_horseman
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I hear you.  Start with your relation with the Lord.  Hear tell, it is the easiest of all those very broken things to repair, because you have the most control over it.  First, love the Lord with all your heart.  Second, love your neighbor.  That is pretty much it.

Sun, 11/13/2011 - 20:49 | 1874384 Michael
Michael's picture

Let me add to that;

Every human is in possession of a soul or to be more specific, a spiritual life force.

The purpose of this spirit is to become worthy of re-joining with the creator.

The purpose of man is to become as God IS.

Many will not qualify to return home.

The pursuit of lust, greed, and power disqualify you and your light is extinguished in the end. Hell is not an option for people, only eternal death.

The demon possessed know this. 

Sun, 11/13/2011 - 22:02 | 1874487 Harlequin001
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Sun, 11/13/2011 - 22:31 | 1874517 Michael
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1. Harlequin A conventional buffoon of the commedia dell'arte, traditionally presented in a mask and parti-colored tights. 2. A clown; a buffoon. [Obsolete French, from Old French Herlequin, Hellequin, a demon, perhaps from Middle English *Herleking, from Old English Herla cyning, King Herla, a mythical figure identified with Woden.] Need I say more?
Sun, 11/13/2011 - 22:39 | 1874525 Harlequin001
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Yes, and perhaps you could include something of relevance...

and perhaps a little more accurate.

Mon, 11/14/2011 - 03:06 | 1874899 Raymond Reason
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How about son of a motherless goat?

Mon, 11/14/2011 - 04:38 | 1874949 Harlequin001
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Eh, what is?

Sun, 11/13/2011 - 21:20 | 1874432 High Plains Drifter
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if trav was your neighbor, would you love him.........:)     ooooooooooooohhhhhhhhhh noooooooooooo.....

Mon, 11/14/2011 - 05:58 | 1874982 Dugald
Dugald's picture

Cuz, you go roun luvin yers neighbors and yew cud jist hev a sitooatshun or more, dig? Is yew real randy or jist a talkin?

Sun, 11/13/2011 - 19:58 | 1874305 FL_Conservative
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I guess manipulating economic statistics is another thing that they learned from our government.

Sun, 11/13/2011 - 19:59 | 1874307 trav7777
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yes, even things other people do on their own are our fault.

Piece of shit self-hating whitey

Sun, 11/13/2011 - 20:28 | 1874350 Schmuck Raker
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I think we can all safely agree this is due to Jewish influence over the Pentagon IG (DoDIG ODIG-AUD). DUH.

Sun, 11/13/2011 - 22:04 | 1874489 Harlequin001
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No, I don't think we can...

Mon, 11/14/2011 - 08:35 | 1875125 FL_Conservative
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Hey dumbass, I don't hate myself or the US.  Quite the opposite.  But I think that most politicians are as crooked as a hockey stick.  So I recognize that when their lips are moving, a lie most likely is coming my way, which includes the manipulated statistics that they want me to believe.  By the way, bigot much?????

Sun, 11/13/2011 - 20:00 | 1874312 midtowng
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I just don't understand how you can't take the Chinese government's word for it. They've always been so trustworthy.

Sun, 11/13/2011 - 23:00 | 1874558 TheFourthStooge-ing
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Their investment advisor is Angero Mozirro.


Sun, 11/13/2011 - 20:05 | 1874317 Oswald Spengler
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A Jew and a Chinaman were in a bar together, The Jew brought up the subject of Pearl Harbour, reprimanding the Chinaman for the disgraceful role his country had played. He protested vehemently, pointing out that the raid had been mad by the Japanese.
"Japanese, Chinese, they are all the same to me!" said the Jew.
Pretty soon the Chinaman fellow started talking about the tragic sinking of the Titanic, asking the Jew if he didn't feel guilty about sinking it.
"Hey, wait a minute," replied the Jew, "The Jews didn't have anything to do with the Titanic sinking, it was an iceberg!"
"Iceberg, Goldberg," said the Chinaman, "They're all the same to me!

Sun, 11/13/2011 - 20:31 | 1874353 knukles
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A banker, a GM worker and an unemployed person are sitting around a plate of 12 biscuits. The banker stands up, pockets 11 biscuits and on the way out to his chauffered Mercedes limo says:

"Yo, Mr. Goodnut, look out or that welfare scrounger will steal your biscuit"

Mon, 11/14/2011 - 03:12 | 1874904 Raymond Reason
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Okay.  One-liner. 

Two horses walk into a saloon, belly up to the bar, bartender says: "Hey guys.  Why the long faces?" 

Sun, 11/13/2011 - 20:22 | 1874342 Fazzie
Fazzie's picture

 China is the go-to supposed economic miracle that CNBC loves to tout when things get gloomy in the west. I supposed it never crossed their minds that a totaliarian Commie regime  that dosent think twice about tortuing and killing its own citizens would maybe, just maybe fudge just a tiny little bit on the economic data since it isnt like they would let you double check them.

 Nope, all Chinese data is to be taken at face value.  When the hard landing comes it will be yet another "nobody, I mean nobody could have seen that coming" story. Not a whisper of the fringe lunatic blogs that called it correctly.


Mon, 11/14/2011 - 03:32 | 1874912 fajensen
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It's New Management: Only the numbers ... well numbers are too complicated and stuff ... so Only the KPI's Matter. Being "a result oriented leader" means dedicating all ressources to generating the exact combination of KPI's that releases The Bonus. I bet the Chinese learned that lesson good at Harward. 



Journalist are becoming retarded lapdogs. They write up whatever Reuters tell them and even the press releases they are given count as News. The latest scandal here in the DK is that apparently we helped turning our part of Afghanistan into a shithole too. Wee, What A "Surprise": Anyone lazy enough to be drinking some beers with their sons friends coming back from Afghanistan (or Kosovo for that matter) would be hearing some really terrible stories that are not in the "News".

Sun, 11/13/2011 - 20:23 | 1874343 slewie the pi-rat
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pre-report haircut

Sun, 11/13/2011 - 22:24 | 1874509 slewie the pi-rat
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on a per capita basis, it is probably less than food-stamps-4-a-day/US troll

if the chinese run into trouble on their muni debt, we'll swap them for fanny & freddie debt and bail them out

fade that, pimpco!

Sun, 11/13/2011 - 20:32 | 1874357 reader2010
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slo motion train wreck...messed up, locked up and fucked up.

Sun, 11/13/2011 - 20:32 | 1874358 chump666
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Ah China, and their local councils debt loaded overkill... think of it like  5x Italy's all crammed into the China mainland i.e provinces. All mega tons of debt ready to implode.  Nasty. 

Get ready for volatility, bust those tight equity ranges - momo profit taking goes hysterical, Italy 10yr spike again, EUR sell and panic restarts.

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