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A Glimpse Of What Is Really Happening In China

Tyler Durden's picture





 

Earlier today, the Chinese Internet (yes, it is its own category) experienced a glitch in the matrix. Whether this is due to further potential confusion over the fate of Bo Xilai (and/or any rumors of a concurrent/past/future military coup), or just overall confusion as to what is actually happening in the country, or simply mere censorship gone uber-wild is unclear. As the WSJ explains it, "At around 11 a.m. local time Thursday, China’s Internet suddenly began behaving very strangely. People inside China reported being unable to access some Chinese web sites like Sina’s Corp’s portals as well as popular foreign web sites not normally blocked by China’s firewall. Simultaneously, Internet users outside China, including in Hong Kong, reported difficulties accessing key Chinese sites, like search engine Baidu and the website of the People’s Bank of China." And while we have no idea of what is going on behind the scenes, we are fairly confident what isn't. Such as the country growing at a 9% as has been wildly speculated all day in what some suggest is a leak of Chinese official data. For a glimpse of what is going on, we went to get some local color such as this message board posting at CND.org. Is this the full story? Of course not. But neither are the endless lies peddled by the PBOC and the CCP. Our advice: keep the below in mind while reading any economic data coming out of the country Ministry of Truth and Bureau of Propaganda in the coming weeks and months. Because if today's Internet glitch is any indication, things behind the scenes are truly starting to heat up.

Google translated from CND.org (original link)

Bo Xilai event uproar obscures the attention of people more serious underlying crisis. Continental Bureau of Statistics released the latest economic data 1,2 show that the economy has begun to negative growth in the profits of industrial enterprises in China fell sharply, the real estate bubble has burst, and a sharp rise in banks' bad chain. Of course, this is Communist China two decades despite all spoiled countries attempt to delay the inevitable results of it perish fate. Finally broke out of these evil consequences.

 

Serious inflation triggered a sharp rise in labor costs. As a major processing plants in China, from the beginning to put the operating profit too absurd. Government export subsidies makes the price of many products is equal to or even below cost. Serious inflation, the basic cost of living is greatly improved today, the CCP is extremely irresponsible to administrative means to burden enterprises. This will inevitably lead to a large number of business failures and unemployment soared.

 

The real estate bubble burst is continuing, when the panic crash, who also can not predict. But the fairy tale of the real estate prices sky-high price, the vacancy rate as people stunned and appalling rough housing,

 

China's real estate crash is the inevitable result of leading to the collapse of the Chinese economy.

 

Chinese people are not stupid. Madness out the transfer of assets in addition to the corrupt officials, in recent years made their fortunes in the size of the rich and a large part of the property firmly Dangdang arrived to a foreign land. If you analyze the many companies the company's financial will find they are barely sufficient funds in operation, because the bosses an excess money quickly take away. It also can not blame them, we all know this is a land of block no tomorrow. Therefore, when the collapse of the Chinese economy, you understood why banks are empty shells at the same time, but also a loss for words to face the many deserted the once mighty booming company.

 

Of course, the Chinese Communist upper struggle for power will be in this last scene was very impressive and ugly bestiality on its head. Finally, you will find that they are not only some of the hypocrites, bandits, wolves, is an absolute coward.

 

Like many of the dictatorship, as the collapse of the CCP's very likely as volcanic eruptions, sudden and violent. Many hands were stained with the blood of people of corrupt officials is certainly as much as possible to flee his country, I thought it was for them, the Chinese at home and abroad should be concerted action, urged the international community treatment to war criminals, not only confiscated all of them with their associated property, and be tried and brought to justice. This is not only for the Chinese people are cruel persecution torture a proper explanation, but also a warning to all present and future of brutal rulers.

And this is what the Ministry of Truth is censoring in the past month, accrdoing to China Digital Times

 


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Thu, 04/12/2012 - 14:58 | Link to Comment Mr. Fix
Mr. Fix's picture

ah-so.........

Thu, 04/12/2012 - 15:04 | Link to Comment tempo
tempo's picture

India's Industrial output revised downward over 80% ...www.philstockworld.com Same story all over the world...insiders release phony data to push index higher to sell out

Thu, 04/12/2012 - 15:37 | Link to Comment AlaricBalth
AlaricBalth's picture

As I have mentioned previously, I lived in Shanghai for awhile and the second lesson I learned in dealing with the Chinese was that manipulating data as a means to an end was not a shameful act. Getting caught was in fact shameful.

Thu, 04/12/2012 - 15:56 | Link to Comment SheepDog-One
SheepDog-One's picture

Well yea it may be shameful in China, but if you get caught its also the death penalty too.

Thu, 04/12/2012 - 16:19 | Link to Comment bahaar
bahaar's picture

Which is why wealthy Chinese are moving to the US.  In the US neither menipulation of data nor getting caught for doing it are shameful or criminal. 

Thu, 04/12/2012 - 20:58 | Link to Comment akak
akak's picture

In China, neither publicly spitting nor shitting on the roadsides is considered shameful or criminal. 

This is what doomed the chinese-citizenism-inspired Easter Island citizens: they had no roadsides upon which to shit, therefore resulting in chronic and fatal intestinal blobbing-up.

No such lack of crapped-up roadsides prevails in China, however, nor any compunctions against public expectoration or defecation.  Such is the eternal nature of nose-picking, running dog imperialist, algebraic coconutistically blobbing-up chinese citizenism.

Thu, 04/12/2012 - 21:50 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

akak said:

No such lack of crapped-up roadsides prevails in China, however, nor any compunctions against public expectoration or defecation.  Such is the eternal nature of nose-picking, running dog imperialist, algebraic coconutistically blobbing-up chinese citizenism.

I cannot add anything to this brilliant analysis. It is accurate and complete.

My only comment is that the failure of AnAnonymous to grace us with his presence today is an indication of the degree of the recent increase in censorship imposed upon the Chinese citizenism internet. Such a sweeping clampdown will no doubt be toned down and refined in the near future, as I'm sure it was not their intent to impose restrictions on paid Chinese citizenism spokesmen.

 

Thu, 04/12/2012 - 15:42 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Good find, tempo.

Here's the direct link for those interested in what I think is a pretty incredible turn of events in India (another BRIC in the wall, bitchez):

 

Thursday Fakery – India’s Industrial Output Revised Down 83%
Thu, 04/12/2012 - 21:55 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Revised down 83 percent?!

That can only mean one thing: BLS statistical analysis and reporting will soon be outsourced to India.

 

Thu, 04/12/2012 - 15:49 | Link to Comment Crisismode
Crisismode's picture

If China blows up, you will have more than the world economy to worry about.

 

If there is a coup . . . just remember that China has hundreds of Nukes.

 

 

Thu, 04/12/2012 - 15:39 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

thxz, tyler;  not 9% growth? 

"serious inflation"

but growth was so much higher than any known inflation that it did seem to many that everything was banksterrrific!

maybe some guy from the chinese state economics dept of truth will report soon on how the yen is about to be devalued...

but we still know very little don't we?  and, unless you actually thought china was the/is the salvific economic engine of today and tomorrow (many never believed it for a minute, btw), nothing is new here

they may be out shopping for more oil and other resources as we write;  so are you, too probably...

 

0T & fyi:  jasonH picks up our darling blythe where we last bid her adieu: JP Morgan Silver Manipulation | SilverSeek.com

Thu, 04/12/2012 - 15:55 | Link to Comment moskov
moskov's picture

Who's the world's engine of economic growth. Don't tell me is the shitty US who values social network as their prime product of the future. I beg Porn dating sites have far more potential than the facebook shit regardless the economic rules of free market demand

Thu, 04/12/2012 - 16:18 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

well, then, its gotta be india  (?)

somebody put up a link re how india's "growth" had been "overstated by 80%"

i didn't ckeck it out, but i'm still laughing about it

so! as long as we can all continue to sell out national debts to each other for colored paper coupons, we can contiue to buy and sell sex wholesale, retail, in brown paper, or flambe'

be a hoot if we all went tits up over something as basic as sex and the banksters who make it all possible...  L0L!!!

Fri, 04/13/2012 - 06:50 | Link to Comment StychoKiller
StychoKiller's picture

Hmm, how big are those tits of which you speak? :>D

Thu, 04/12/2012 - 15:11 | Link to Comment Oh regional Indian
Oh regional Indian's picture

actually...

ah-BO!

ori

stream

Thu, 04/12/2012 - 15:28 | Link to Comment FinalCollapse
FinalCollapse's picture

ORI - we have comrade BO here too - right inside the White House.

Thu, 04/12/2012 - 15:35 | Link to Comment Dugald
Dugald's picture

The whole article was a poor translation..too much chinklish

Thu, 04/12/2012 - 16:16 | Link to Comment GeezerGeek
GeezerGeek's picture

Nonsense. My Shanghai-born wife still speaks just like that. Eat a spring roll and you'll understand better.

Thu, 04/12/2012 - 18:07 | Link to Comment El Viejo
El Viejo's picture

Eat Two. They're smaller these days.

Thu, 04/12/2012 - 15:57 | Link to Comment TruthInSunshine
TruthInSunshine's picture

 

 

 

Confucious say:

 

He who spread information casting emperor in harsh light spends many nights in pound-me-in-the-ass-prison, and Yankee will also find a Stellar Wind blowing up his asshole with passage of NDAA 2012, bitchez.

Thu, 04/12/2012 - 15:19 | Link to Comment 12ToothAssassin
12ToothAssassin's picture

burish 

Thu, 04/12/2012 - 15:51 | Link to Comment WonderDawg
WonderDawg's picture

That's funny.

Thu, 04/12/2012 - 15:31 | Link to Comment DonBadajoz
DonBadajoz's picture

What did you call me ?? asshole?

Thu, 04/12/2012 - 15:53 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I stopped reading at the sentence that states "ugly bestiality on its head..".

 

That's all I need to know.

 

Shit's about to get real, yo.

Thu, 04/12/2012 - 16:26 | Link to Comment Cthonic
Cthonic's picture

My face is locked up, tears streaming, for the love of absurdity make it stop.

Thu, 04/12/2012 - 22:11 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

The non-native language bubble burst is continuing, when the panic crash, who also can not predict.

But the fairy tale of Engrish transration as people stunned and appalling rough wording.

Like many of the hypocrites, bandits, wolves, is an absolute coward, as the collapse of the firmly Dangdang very likely as citizenism eruptions, sudden and violent.

This now elucidation of having made more clearing is the inevitable result of leading to the collapse of the Chinese citizenism.

But hey, bear with it the repeations and offuscation.

 

Fri, 04/13/2012 - 13:45 | Link to Comment akak
akak's picture

A poet of the citizenisms expression in pureness you are being, FourthStooge-ing!

Thu, 04/12/2012 - 15:00 | Link to Comment Deo vindice
Deo vindice's picture

When will people stop and think that China is a totalitarian, communist state with a horrific record of persecution of Christians and other religious groups as well as political dissidents.

Most of what we have seen in changes there in the past few years is simply window dressing.

Thu, 04/12/2012 - 15:06 | Link to Comment resurger
resurger's picture

they slaughter animals for their fur too ....

Regards,

Blondie

Thu, 04/12/2012 - 15:06 | Link to Comment tickhound
tickhound's picture

All that is lost when they are the bank.  B'sides... it is all perspective relative to the nation state. 

One wouldn't have to travel far to hear that the United States has become a totalitarian, fascist state with a horrific record of persecution of Muslims and other dissidents.

"Most of what we have seen in changes here in the past few years is simply window dressing."

Thu, 04/12/2012 - 15:09 | Link to Comment Deo vindice
Deo vindice's picture

With all America's problems (which are myriad), being a Muslim in the USA is not even on the same level as being a Christian in China.

Thu, 04/12/2012 - 15:18 | Link to Comment john39
john39's picture

really, read up much on U.S. gov. renditions of innocent Muslims to third world hell holes?  illegal police surveillance of Muslims without any probable cause?   there is no difference at all.

Thu, 04/12/2012 - 15:20 | Link to Comment tickhound
tickhound's picture

You hit on an important point.... Being a Muslim outside THIS country has proven to be far, far more dangerous.  China tends to keep Christian "persecution" in house.  But to each his/her own flavor of "level"

If only persecution was in country AND out country... like in Israel.

Thu, 04/12/2012 - 19:58 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Anything that happens to a faithfull muslim is Allahs will. Any so called muslim who complains about it is not really a muslim. Why would Allah allow anything to happen that he did not want to happen?

Go and read the Koran and then claim that a bad thing can happen to a real muslim. Allah knows everthing and approves anything that happens.

 

Fri, 04/13/2012 - 02:00 | Link to Comment tickhound
tickhound's picture

I read this and I'm forced to think...

Your "faithful" muslims have more in common with the christian fanatics then I'll ever have with either of you.  You two should be fucking holding hands as far as I'm concerned.

And yet, the rest of us watch as you bomb each other.  Cuz, as WE ALL KNOW... only one of you is right.  Because NO WAY, could both of you be wrong.  Or sorta right with a good story...

And forget about those billion buddists and the hindu and the EVERYOTHER FUCKING RELIGION that is obviously ACCORDING TO BOTH OF YOU going straight to HELL.

That poor devout native american... if only he could talk to either of you and realize just how fucked he is.  Peyote instead of communion... WTF? 

2012 ain't nuthin' changed.  The crusades, manifest destiny, the inquisition, salem witch trials, 9/11, jihad, war on terror... Same shit different day.

And OH GAWD don't EVEN bring up the jews... that's a whole nuther RELIGION or ETHNICITY depending on convenience.  The "chosen people" bitchez... that clandestine / implied master 'race'

What to do bitchez what to do

Thu, 04/12/2012 - 15:08 | Link to Comment Temporalist
Temporalist's picture

But...but...they lend the U.S. money...

Thu, 04/12/2012 - 15:24 | Link to Comment azzhatter
azzhatter's picture

that's a straw man argument. They "lend" the US money because they have to to keep the trinket trade flowing, not by choice

Thu, 04/12/2012 - 16:01 | Link to Comment Crisismode
Crisismode's picture

Tell me why we need money from China,

when we have our very own Benny to print all the $$$ we will ever need.

 

Thu, 04/12/2012 - 16:10 | Link to Comment moskov
moskov's picture

Because common sense tells the ordinary American folks they cannot survive by just wiping their asses with green paper, but they also need to dress, eat and live a urban life

Thu, 04/12/2012 - 16:16 | Link to Comment Temporalist
Temporalist's picture

It's a symbiotic relationship. There is no economy in US or China without both giving each other the reach around.

Thu, 04/12/2012 - 15:10 | Link to Comment Bay of Pigs
Bay of Pigs's picture

And of course the USA is a beacon of light on the hill?

Pot meet Kettle.

Thu, 04/12/2012 - 15:30 | Link to Comment knightowl77
knightowl77's picture

if you are comparing organized government interference with different religious groups then there is no comparison...here ( at least so far) people are not arrested or tortured for their religous beliefs...

Thu, 04/12/2012 - 15:52 | Link to Comment Silver Dreamer
Silver Dreamer's picture

Tell that to the people who died at Waco, TX.

Thu, 04/12/2012 - 16:11 | Link to Comment IAmNotMark
IAmNotMark's picture

But that was for the children, wasn't it?

And we had to kill the children to save the children.

Thu, 04/12/2012 - 16:13 | Link to Comment Bay of Pigs
Bay of Pigs's picture

I have no illusions about China but who do these people think they are kidding?

I was a missionary when I was younger, and what I know now is that a lot of Christians in America are about the dumbest people around.

Wake up. The barbarians are at YOUR gate right here in the USA.

Thu, 04/12/2012 - 21:07 | Link to Comment Marginal Call
Marginal Call's picture

I don't care the least bit how the Chinese state views the sky monkey worshipers.  America is the number one jailer in the world, and it's not even close.

 

It's a growth industry, and it's bullish. 

 

 

Thu, 04/12/2012 - 15:36 | Link to Comment KickIce
KickIce's picture

Yeah, cuz ZH never rips on the Amerikan government.

Thu, 04/12/2012 - 15:14 | Link to Comment KTV Escort
KTV Escort's picture

RE: your "window dressing" comment

Bullshit, if one wants to know what is really going on inside China, spend some time there, get to know the people... I have. These sky is falling in China posts are a total crock.

http://www.chinapositive.blogspot.com/2011/01/shanghai-to-zhouzhuang.html

http://www.chinapositive.blogspot.com/2011/01/changsha-every-nightlife.html

http://www.chinapositive.blogspot.com/2011/01/liuzhou-river-liu.html

Thu, 04/12/2012 - 15:52 | Link to Comment LowProfile
LowProfile's picture

Gee, no bias there, like not in the very URL of your blog or anything...

(sarc/off)

Thu, 04/12/2012 - 15:59 | Link to Comment Chump
Chump's picture

Posts of window dressing to refute "the window dressing comment."

Thu, 04/12/2012 - 16:37 | Link to Comment Dave Thomas
Dave Thomas's picture

Well when the great Chinese crash comes at least you'll be able to take a photograph without it looking like you stretched some panty hose over the lens.

Thu, 04/12/2012 - 18:44 | Link to Comment 20-20 Hindsight
20-20 Hindsight's picture

Irony at its best...

Thu, 04/12/2012 - 15:59 | Link to Comment SheepDog-One
SheepDog-One's picture

LOL, Chinese whore reports 'all is well in China'.

Thu, 04/12/2012 - 17:03 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Hey stupid motherfucker, the real whore is your mother. I paid  that bitch 5 yuans for a blowjob.

Thu, 04/12/2012 - 16:42 | Link to Comment Thoth
Thoth's picture

Decided, I am going to move to china to settle a thread debate.

Thu, 04/12/2012 - 19:25 | Link to Comment Moon Pie
Moon Pie's picture

Remember the egg heads over at the NY Times who have been cooing for years that "...we should look to China.."? Be more like China? 

Thu, 04/12/2012 - 14:58 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Anonymous!

Expect them...

Thu, 04/12/2012 - 14:58 | Link to Comment resurger
resurger's picture

Xio Xio Bitchez

Thu, 04/12/2012 - 17:06 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Xio Xio asshole.

Thu, 04/12/2012 - 15:00 | Link to Comment duo
duo's picture

is "ugly bestiality" something that involves animals?

Thu, 04/12/2012 - 15:21 | Link to Comment Koffieshop
Koffieshop's picture

Of course, the Chinese Communist upper struggle for power will be in this last scene was very impressive and ugly bestiality on its head. Finally, you will find that they are not only some of the hypocrites, bandits, wolves, is an absolute coward.

This makes me inclined to call bullshit on the whole article. How the fuck does he know what happened?

There was some disturbance, the military was called to the capital and some people took an indefinite "holiday". Everybody who was spreading this info admitted no-one they knew had any details about the event though.

Thu, 04/12/2012 - 15:26 | Link to Comment So Sue Me
So Sue Me's picture

Two words: Hillary Clinton.

Thu, 04/12/2012 - 15:47 | Link to Comment Things that go bump
Things that go bump's picture

I suggest the translation is inexact.  Beastial ugliness is probably closer to correct.  Beastiality has a different connotation and is a perversion and a sin, as I am sure you know.

Thu, 04/12/2012 - 15:00 | Link to Comment Temporalist
Temporalist's picture
China Arrests Over 1,000 Accused of Spreading ‘Dangerous’ Rumors

"But in a new report this week, Xinhua says 1,065 suspects have now been arrested. It also said 16 websites have been shut down and more than 208,000 “harmful” online messages deleted."

 

 

China Issues Fresh Warning Against Internet Rumors

http://www.foxbusiness.com/technology/2012/04/12/china-issues-fresh-warn...

Thu, 04/12/2012 - 15:38 | Link to Comment The Third Man
The Third Man's picture

...yes, but it's only the Usual Suspects.

Thu, 04/12/2012 - 15:59 | Link to Comment earleflorida
earleflorida's picture

must be alot of upper echelon Chinese Politburo in need of a fresh organ [especially livers]  --- time to get the organ grinder out for the summer harvest --- please, submit your bids,... oh, by the way, teenagers are at a premium so do make haste?

Thu, 04/12/2012 - 15:01 | Link to Comment LongSoupLine
LongSoupLine's picture

Sun Tzu...cubed.

Thu, 04/12/2012 - 15:55 | Link to Comment WonderDawg
WonderDawg's picture

I rike Genewa Tzu Chicken and egg wo

Thu, 04/12/2012 - 17:09 | Link to Comment Dumb Honkie
Dumb Honkie's picture

You sound like a cocksucker who has a 12 inch dick in your mouth, LMAO!!!!!!!!

Thu, 04/12/2012 - 15:58 | Link to Comment AlaricBalth
AlaricBalth's picture

"All war is based on deception. " Sun Tzu
...including economic war.

Thu, 04/12/2012 - 15:02 | Link to Comment Toolshed
Toolshed's picture

Are they talking about China or the USA?

Thu, 04/12/2012 - 15:06 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

Anything made in China is CRAP! The only good thing with Chinese on it is Chinese Food(the American type). FUCK CHINA! FUCK BEN BERNANKE! AND FUCK YOU JON CORZINE!

Thu, 04/12/2012 - 15:15 | Link to Comment Let them eat iPads
Let them eat iPads's picture

I second that.

Fuck China, a totalitarian shithole we should be boycotting - not trading with.

Thu, 04/12/2012 - 17:17 | Link to Comment Dumb Honkie
Dumb Honkie's picture

You are a stupid motherfucker,go home and fuck your smelly ugly mama.

Thu, 04/12/2012 - 16:15 | Link to Comment nonclaim
nonclaim's picture

"Anything made in China is CRAP!"

 

I'd clarify anything made with cheaply copied chinese machinery is crap regardless of where it puts the crap out.

Things still made with american/japanese/german precision machinery is good, wherever it produces...

Thu, 04/12/2012 - 17:13 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Hey dumb shitbag, everything that comes out of your stupid mouth is crap, eat it, douchebag.

Thu, 04/12/2012 - 15:08 | Link to Comment DavidC
DavidC's picture

Is this what's been keeeping the US markets stuck at the top of today's range?

It's been like watching paint dry after the ramp at the US open.

DavidC

Thu, 04/12/2012 - 15:09 | Link to Comment rebelscum1967
rebelscum1967's picture

WTF how does the NASDAPPL go off w/out it's fission reactor at full power? man something is happening... this China thing a ramp to dump some AAPL for the big boys? just a simple muppet's take...

Thu, 04/12/2012 - 15:11 | Link to Comment midgetrannyporn
midgetrannyporn's picture

get back to work making dangdang doo dads bitchez

Thu, 04/12/2012 - 17:20 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Hey douchebag, go back to sucking 12inch dildos, LMAO!!!!!!

Thu, 04/12/2012 - 15:12 | Link to Comment non_anon
non_anon's picture

it's the Interwebs

Thu, 04/12/2012 - 15:11 | Link to Comment SDRII
SDRII's picture

“If you tell a big enough lie and tell it frequently enough, it will be believed.”

Pre open Europe rolls over goes red. presumably China's daily "rumor" was fully fleshed out by Europe trade? 

The US markets are a complete joke. Utter desperation or maybe just the setup for the "humanitarian corridor announcement in Syria? Or is it the AA blowout on cost cuts as they shut capacity. Or the Paccar layoffs.

10YR +3bps 2.06

S&P +18 handles

Thu, 04/12/2012 - 15:26 | Link to Comment azzhatter
azzhatter's picture

obama has mastered that telling a lie deal

Thu, 04/12/2012 - 15:45 | Link to Comment SheepDog-One
SheepDog-One's picture

But who believes an obama lie now except ass hats? 

Thu, 04/12/2012 - 15:55 | Link to Comment Silver Dreamer
Silver Dreamer's picture

The ass hats far outnumber us.

Thu, 04/12/2012 - 16:06 | Link to Comment SheepDog-One
SheepDog-One's picture

Most of them dont even vote, so its all irrelevant anyway.

Thu, 04/12/2012 - 15:12 | Link to Comment IveBeenHad
IveBeenHad's picture

China is an economic miracle that has lifted 500M people out of proverty in 30 years.  No country has accomplished this goal on such a wide scale in such a short amount of time.  The centrally planned government deserves some credit as they are able to strong arm policies into practice given the structure of their system.  Now compare them to India which has really been a disappointment.  

When you have people starving it appears, at least in this small sample sizem, that China's centrally planned model is more effective on providing relative prosperity.  Now this is not to say it has not come at a cost that is becoming evident as the years go by.  The system is structurally flawed and as officials try to rebalance it may be too little to late and it could lead to a systematic collapse.  They began the transition from a mercantilist to a domestic model but unfortunately they relied on investment rather than on consumption forcing households to subsidize the investment indirectly through artificially low interest rates which has now sparked inflation.  They took the right steps in popping the real estate bubble but the full fall out is yet to be seen.  I think the next step is to break up (i.e. privatize) the SOEs and make the economy more competitive which will lower prices and raise household wealth.  

 

All I am saying is that this is a fucking mess the whole Bo thing is horrible timing but if they keep pushing forward with liberalization China could prosper further in the long run.  I hope so at least there are a lot of lives on the line, 1.3B to be more precise.  

Thu, 04/12/2012 - 15:25 | Link to Comment Let them eat iPads
Let them eat iPads's picture

What the fuck is your definition of "lifting people out of poverty"?

Taking them off their farms, putting them to work in sweatshops and housing them in cramped dormitories so you can say they now make more money and are therefore out of poverty?

What a great success then.

Thu, 04/12/2012 - 19:46 | Link to Comment Moon Pie
Moon Pie's picture

Don't forget about those millions of new debt slaves, too! 

 

Thu, 04/12/2012 - 21:13 | Link to Comment Marginal Call
Marginal Call's picture

It worked for Richard II, why not the Chinese.  Maybe they'll pass a game act too.

Thu, 04/12/2012 - 15:26 | Link to Comment Robslob
Robslob's picture

Maybe you shouldn't confuse living on a farm, providing for oneself and "earning no income" with
Working in a shithole sweatshop "earning income" and wanting to commit suicide like a caged animal?

Their people are being used in the same fashion as immigrants were used here in the good ole USA during the Industrial Revolution.

Only difference...no immigrants

Thu, 04/12/2012 - 15:27 | Link to Comment azzhatter
azzhatter's picture

typical sweatshop owner mentality

Thu, 04/12/2012 - 15:35 | Link to Comment IveBeenHad
IveBeenHad's picture

Have you guys been to China ? All I am saying is that when you have development on this scale it is a work in progress.  Of course you are going to have problems as the market is a function of supply and demand which includes labor.  As capital pours into the country and productivity improves you will see improvements in conditions and living standards.  

Read about the Great Leap Forward which happened in the 60's and resulted in millions of people starving to death and eating tree bark for food.  I say that this is one helluva a change and yes there is significant room for improvement but for the first time in the modern era the citizens basic needs are being met (i.e. food, shelter, clothing).  And we are quick to compare them to developed nations and the US which has a GDP per capita of $45T which is rediculous for a developing nation.  Compare China to their peers and you will see the reduction in human suffering on a relative basis is impressive.  It is hard to argue on those metrics. 

Thu, 04/12/2012 - 15:45 | Link to Comment V in PA
Thu, 04/12/2012 - 15:56 | Link to Comment azzhatter
azzhatter's picture

Lived there for 7 years. A slave is a slave

Thu, 04/12/2012 - 16:02 | Link to Comment LFMayor
LFMayor's picture

eating tree bark my ass.  I've read they were going foaming Wendigo, all out, party sacntioned cannabalism. 
Of course, they're all better now.  A beacon of light and all sorts of good shit.

sarc off, I honestly do admire how they kicked the opium problem though, even though I needle their moby's and trolls about it.  Direct action applied gets direct results.

Thu, 04/12/2012 - 16:33 | Link to Comment bahaar
bahaar's picture

Oh I agree.  What Chinese leaders have achieved in the past 30 years is nothing short of miraculous. but they are human.  The leaders/their off-springs may be tempted to capitalise on the mythical status achieved by the leaders.  And also their will be fighting for the spoils.

Thu, 04/12/2012 - 15:17 | Link to Comment Hangfire
Hangfire's picture

This Raptor guy has some mad skills.  First he takes down Al Qaeda, now he's f-ing with the Chinese!     

Thu, 04/12/2012 - 16:03 | Link to Comment lemonobrien
lemonobrien's picture

he's old; the youngs think they know something; but us old programmers invented the shit. we want to take it down; we takes it down.

Thu, 04/12/2012 - 15:22 | Link to Comment penexpers
penexpers's picture

????????!

"Fuck you, Bernanke!"

Thu, 04/12/2012 - 15:23 | Link to Comment russwinter
russwinter's picture

Power generation in China up less than 1% for the Q1. Look like 8% GDP growth to you?

Thu, 04/12/2012 - 17:37 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Hey stupid cocksucker, you must have a reading comprehension problem. According to the link you mentioned, ONLY Huaneng Power international co"s power generation in China increased by  .97% not the total power generation of the entire country. What a dumb motherfucker!!!!

Thu, 04/12/2012 - 18:01 | Link to Comment ekm
ekm's picture

http://topics.nytimes.com/top/news/business/companies/huaneng-power-international-inc/index.html

I think he is making the point that such a company that provides energy to a humangous part of China is a proxy for the whole China.

Not many power generating companies are around for that 1.3 billion country. I agree with him.

http://en.wikipedia.org/wiki/Category:Power_companies_of_the_People's_Republic_of_China

Thu, 04/12/2012 - 18:39 | Link to Comment Dumb Honkie
Dumb Honkie's picture

According to the National Bureau of Statistics, Chinese power consumption from January thru February 2012  grew 6.7% year on year. In my opinion, China's economy hit the bottom in the first quarter, from this quarter on, the Chinese economy will accelerate. That means more power consumption.

Thu, 04/12/2012 - 18:47 | Link to Comment ekm
ekm's picture

National Bureau of Statistics!!!!????.

Do you actually believe data from government? 

Thu, 04/12/2012 - 19:00 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Hey fuckhead, if you don't believe the NBS numbers, then whose number do you believe, some shitty numbers pulled out of your fucked-in asshole?

Thu, 04/12/2012 - 23:27 | Link to Comment ekm
ekm's picture

1) China changed last year the formula to calcualate inflation.

Example: 2 + X = 8. What is X? X = 8 -2 = 6. Then Wei Jibao says: No I want X =9. Ok. NBS then says: We'll put 11 instead of 8 in the formula. Hence, X = 11-2 = 9

2) I have lived in communism. I just know it's done like that

3) My rectum is only for exit.

Thu, 04/12/2012 - 23:49 | Link to Comment Dumb Honkie
Dumb Honkie's picture

You are a stupid douchebag. If my my memory serves me correctly, last year the NBS adjusted the portion of food element going into the inflation formula, to better reflect the inflation rate. Many economists think the new method is  a lot better than the old one in figuring out the inflation in China. As usual, you are an anti- Chinese government agenda- driven ignorant motherfucker. You can not even spell the name of the Chinese premier properly.

Fri, 04/13/2012 - 00:03 | Link to Comment ekm
ekm's picture

It is not my goal in life to spell correct chinese names.

I am deeply and strongly anti-communist and anti-totalitarian since I lived in communism before.

Once you mentioned the phrase "many economists", it's clear you are one, hence professionally speaking, worthless.

I owe you human respect, however, professional respect must be earned. You just lost all of it.

Fri, 04/13/2012 - 00:26 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Hey shitbag, I'm not an economist but I know for sure you are an ignorant asshole who does not know what he is talking about.

Fri, 04/13/2012 - 00:36 | Link to Comment ekm
ekm's picture

I have absolutely no problem with being called names, none whatsoever. What bothers me is that you are refusing to debate.

Can you teach me anything new? It's not my goal to be on ZH to learn english insults - though they are valuable also.

Again, can you teach me anything new? Telling me that China's gov has the capability to calcuate the activities of 1.3 billion people as accurate as 0.1 percentage point, is pure lunaticism. It is practically impossible.

Again, besides english insults, can you teach me anything? Otherwise I'll get bored and I will ignore you. Teach me something.

Fri, 04/13/2012 - 00:46 | Link to Comment Dumb Honkie
Dumb Honkie's picture

Hey fucker, you are beyond redemption.because you let your anti communism color your judgement on Chinese economy.

Thu, 04/12/2012 - 20:37 | Link to Comment russwinter
russwinter's picture

That utility is the big one, but here are two other Chinese giant utilities:

Two other Chinese electrical giants showed a decline of 1.3% and an increase of 6.0% respectively.   

Thu, 04/12/2012 - 23:28 | Link to Comment ekm
ekm's picture

Thx a lot, sir. This is stronger proof of what you stated before by proxy.

Thu, 04/12/2012 - 17:59 | Link to Comment russwinter
russwinter's picture

Note: The information here applies to one of China's largest utilities, Huaneg, not the whole country. 

Thu, 04/12/2012 - 15:23 | Link to Comment vegas
vegas's picture

The ChiComs are corrupt and lie? Huh, who knew? Question is, are they worse than the lying, corrupt sacks of shit in Amerika?

 

http://vegasxau.blogspot.com

Thu, 04/12/2012 - 15:48 | Link to Comment irie1029
irie1029's picture

Right on BLS is so much less propaganda.  Seriously, Chinese have more freedom in many respects than we in the US.

Thu, 04/12/2012 - 15:36 | Link to Comment shushup
shushup's picture

ANNONYMOUS

Thu, 04/12/2012 - 15:56 | Link to Comment LFMayor
LFMayor's picture

exactly.  Where is that fuckstick?  He should be giving us the real deal on this shit.

Thu, 04/12/2012 - 16:30 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

you mean A2?

he ran out gas trying to find an ATM that worked so he could buy more gas

theParty made him do it!

and, his ISP has been LB0'd by the NSC

dumpster diving the agents are calling it!  cute!  they claim it is in self-defense, too!

now, he's in a chiCom citizenism line waiting to get a quickie chip implant so this gas/ATM thingy won't happen again! 

from what i hear, it is a pretty long line, BiCheZ!

Thu, 04/12/2012 - 19:53 | Link to Comment Moon Pie
Moon Pie's picture

"he ran out gas trying to find an ATM that worked so he could buy more gas..."

priceless...

Thu, 04/12/2012 - 15:35 | Link to Comment shushup
shushup's picture

ANNONYMOUS

Thu, 04/12/2012 - 15:39 | Link to Comment Catullus
Catullus's picture

It's cool. I'm safe. I have BitCoins.

Thu, 04/12/2012 - 15:43 | Link to Comment carbonmutant
carbonmutant's picture

Remember this story?

A Chinese blogger has been beaten to death by Government authorities for the crime of attempting to record a protest on his mobile phone.

When Wei was present at some sort of confrontation or protest by local villages against municipal authorities when more than 50 municipal inspectors turned on him, attacking him for five minutes.

http://techcrunch.com/2008/01/11/chinese-blogger-beaten-to-death-by-gove...

Thu, 04/12/2012 - 15:48 | Link to Comment SheepDog-One
SheepDog-One's picture

So this pump today is front running the story that China is supposedly set to report 9% GDP rise? I wouldnt bet on it. 

The world has gone all wobbly.

Thu, 04/12/2012 - 15:51 | Link to Comment moskov
moskov's picture

Can Zerohedge get more lower than I could expect?

 

WTF is this CND.org poorly made website with spams of cheap ads and pathetic writtings?

 

It's like reading some Jihadist website with no real evidences but emotional nonsenses only.

 

I really cannot take this shit seriously

Thu, 04/12/2012 - 15:58 | Link to Comment azzhatter
azzhatter's picture

then invest in chinese real estate

Thu, 04/12/2012 - 16:04 | Link to Comment moskov
moskov's picture

Opps. Government does NOT allow you to do that these days. So I cannot

Thu, 04/12/2012 - 17:54 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

L0L!

listen:  imagine that tyler is twice as drunk as you are;  then admit you have underestimated at least how loaded he is

besides, he appreciates that b/c he left the \sarc\ tags off the title you might not appreciate that "Glimpse" and "Really Happening" may be understood somewhat facetiously

so, buy him a drink! 

Thu, 04/12/2012 - 15:59 | Link to Comment LFMayor
LFMayor's picture

  That's why it, we, all are here.  To meet your expectations.

who the fuck asked you to begin with?

Thu, 04/12/2012 - 16:03 | Link to Comment moskov
moskov's picture

Oh. Sorry. You meant I have been mislead to believe Zerohedage was aimed to be the alternative source of truth instead of another misinforming dodgy blog. My bad. Am I allowed to join the circlejerk then?

Thu, 04/12/2012 - 16:08 | Link to Comment Chump
Chump's picture

Only if you quit whining and find a decent ad blocker.  And bring your own lube.  And tissues.

Thu, 04/12/2012 - 17:47 | Link to Comment ekm
ekm's picture

Typical chinese website. They have to survive and accept all kinds of advertising.

Nothing unusual.

Thu, 04/12/2012 - 15:53 | Link to Comment Undecided
Undecided's picture

buying some VIX on the crazy dip. just because tomorrow is friday the 13th. :)

Thu, 04/12/2012 - 16:04 | Link to Comment SheepDog-One
SheepDog-One's picture

YES now VIX is up when stocks are down, down when stocks are up!

Gee, and I thought VIX was a zeroline indicator for increasing or decreasing volatility, apparently not a measure of 'volatility' anymore at all, just a measure of stocks green or red.

Thu, 04/12/2012 - 16:05 | Link to Comment Undecided
Undecided's picture

Interesting conspiracy close today for the TSX + 187.89  add the numbers together you get 33....

Thu, 04/12/2012 - 15:58 | Link to Comment junkyardjack
junkyardjack's picture

The market is going to take a shit when China releases their low growth stats, haha oh wait a minute China never releases real data anyway, nevermind 

Thu, 04/12/2012 - 15:59 | Link to Comment pashley1411
pashley1411's picture

US doesn't release real data either.

Thu, 04/12/2012 - 16:07 | Link to Comment moskov
moskov's picture

Yes. When China releases higher than expected data. They said it's fake

When China releases lower than expected data. They also said is fake.

 

OH YEAH. Just fuck off the earth and build your own litter world of truth then

Thu, 04/12/2012 - 17:51 | Link to Comment ekm
ekm's picture

Your statement assumes the leadership can actually measure that data.

Imagine, 1.3 billion people, trillions of hidden transactions and thousands of unknown events.

Impossible to measure anything, so since people want data they provide data, any data, doesn't matter.

Not that US Gov can do better for 300 million people. They haven't got a clue, so people want data, they provide data also, any data, doesn't matter.

Thu, 04/12/2012 - 15:57 | Link to Comment pashley1411
pashley1411's picture

The Chineese lend to the US for the same reason that the Germans lend to Greece.   And it will result in the same consequences.

Thu, 04/12/2012 - 16:10 | Link to Comment Crisismode
Crisismode's picture

Benny will just print up a fresh batch to pay them all their monies back.

No worries.

 

Thu, 04/12/2012 - 16:21 | Link to Comment Temporalist
Temporalist's picture

+1 And Germany can't do that with the Euro

Thu, 04/12/2012 - 16:28 | Link to Comment Schmuck Raker
Schmuck Raker's picture

If you're saying the US, China, Germany and Greece are ALL fcuked, I concur.

Thu, 04/12/2012 - 15:58 | Link to Comment tony bonn
tony bonn's picture

i think that the topic of chinese truthyness is timely and relevant but this farticle donated not a particle to the cause....

Thu, 04/12/2012 - 16:18 | Link to Comment q99x2
q99x2's picture

Suprised I didn't see "Ron Paul running for US President" among the censored headlines. I guess that is only in the US.

Thu, 04/12/2012 - 16:22 | Link to Comment BudFox2012
BudFox2012's picture

China recently passed a wide ranging repressive law that the Chinese stated was modeled after the NDAA.  You read that right, the Chinese are looking to the US for laws.  Face it, were all F**ked.

Thu, 04/12/2012 - 16:23 | Link to Comment BudFox2012
Thu, 04/12/2012 - 16:27 | Link to Comment Malachi Constant
Malachi Constant's picture

People inside China reported being unable to access some Chinese web sites

This one's easy. In the West (so far), companies have been announcing planned downtime for maintenance. China shouldn't have expected their Gov to warn them beforehand like this:

Comrades! On April 10, the Great Chinese Internet will be briefly inaccessbile, as we deploy the Gentle Scythe Censorship Upgrade Patch v104.17.88. Changes include new stopwords, lightning-fast IP-to-meatspace tranaslation and on-the-fly history rewriting. Thank you for understanding! Looking forward to serving you better.... etc

Thu, 04/12/2012 - 16:46 | Link to Comment Husk-Erzulie
Husk-Erzulie's picture

IP-to-meatspace...

LOL

Do NOT follow this link or you will be banned from the site!