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The Ghost Cities of China

Started by jimmy olsen, September 08, 2011, 06:56:58 PM

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jimmy olsen

September 08, 2011, 06:56:58 PM Last Edit: September 08, 2011, 06:59:01 PM by jimmy olsen
Weird. It seems obvious this can't continue indefinitely and when the bubble bursts it'll be catastrophic. Why is China pursuing such a seemingly suicidal course.

http://www.youtube.com/watch?v=wm7rOKT151Y
It is far better for the truth to tear my flesh to pieces, then for my soul to wander through darkness in eternal damnation.

Jet: So what kind of woman is she? What's Julia like?
Faye: Ordinary. The kind of beautiful, dangerous ordinary that you just can't leave alone.
Jet: I see.
Faye: Like an angel from the underworld. Or a devil from Paradise.
--------------------------------------------
1 Karma Chameleon point

Neil

#1
September 08, 2011, 06:58:56 PM
Why would you think that China is smarter than America?
I do not hate you, nor do I love you, but you are made out of atoms which I can use for something else.

Josquius

#2
September 09, 2011, 02:43:42 AM
The parallels with Japan really are quite stark, a huge part of Japan's growth was the construction industry. China seem to be trying to stave off following Japan's path by keeping their construction industry busy at all costs.
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grumbler

#3
September 09, 2011, 08:20:21 AM
Quote from: Tyr on September 09, 2011, 02:43:42 AM
The parallels with Japan really are quite stark, a huge part of Japan's growth was the construction industry. China seem to be trying to stave off following Japan's path by keeping their construction industry busy at all costs.
Which is the same as saying "trying to defer the costs indefinitely."  This won't end well.  It never has.
The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.   -G'Kar

Bayraktar!

Alcibiades

#4
September 09, 2011, 08:52:45 AM
I already posted this homo
Wait...  What would you know about masculinity, you fucking faggot?  - Overly Autistic Neil


OTOH, if you think that a Jew actually IS poisoning the wells you should call the cops. IMHO.   - The Brain

jimmy olsen

#5
September 09, 2011, 09:19:23 AM
It is far better for the truth to tear my flesh to pieces, then for my soul to wander through darkness in eternal damnation.

Jet: So what kind of woman is she? What's Julia like?
Faye: Ordinary. The kind of beautiful, dangerous ordinary that you just can't leave alone.
Jet: I see.
Faye: Like an angel from the underworld. Or a devil from Paradise.
--------------------------------------------
1 Karma Chameleon point

Alcibiades

#6
September 09, 2011, 10:22:13 AM Last Edit: September 09, 2011, 10:28:12 AM by Alcibiades
Point still stands. 


edit....both of them.  ^_^
Wait...  What would you know about masculinity, you fucking faggot?  - Overly Autistic Neil


OTOH, if you think that a Jew actually IS poisoning the wells you should call the cops. IMHO.   - The Brain

Neil

#7
September 09, 2011, 10:31:24 AM
I like it when people use 'homo' as a slur.
I do not hate you, nor do I love you, but you are made out of atoms which I can use for something else.

HisMajestyBOB

#8
September 09, 2011, 11:08:06 AM
This is going to crash as soon as I start a teaching job in China, isn't it?
Fuck <_<
Three lovely Prada points for HoI2 help

MadImmortalMan

#9
September 09, 2011, 11:28:15 AM
This is: ineffective stimulus.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

HisMajestyBOB

#10
September 09, 2011, 12:58:50 PM
Quote from: MadImmortalMan on September 09, 2011, 11:28:15 AM
This is: ineffective stimulus.

"Stimulus with Chinese characteristics"
Three lovely Prada points for HoI2 help

Drakken

#11
September 09, 2011, 01:02:07 PM
Quote from: MadImmortalMan on September 09, 2011, 11:28:15 AM
This is: ineffective stimulus.

Buyers only a little "direct enticement" from the regime, and they'll buy.

Josquius

#12
September 09, 2011, 01:51:08 PM
Quote from: grumbler on September 09, 2011, 08:20:21 AM
Quote from: Tyr on September 09, 2011, 02:43:42 AM
The parallels with Japan really are quite stark, a huge part of Japan's growth was the construction industry. China seem to be trying to stave off following Japan's path by keeping their construction industry busy at all costs.
Which is the same as saying "trying to defer the costs indefinitely."  This won't end well.  It never has.
Even worse than that. With Japan at least the demand was real. With China its the government creating artificial demand whilst the people remain poor.;
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Jacob

#13
September 09, 2011, 02:22:41 PM
Quote from: HisMajestyBOB on September 09, 2011, 11:08:06 AM
This is going to crash as soon as I start a teaching job in China, isn't it?
Fuck <_<

Don't worry about that on your part. They'll still need English teachers after a crash as people try to improve their odds. Japan still has a healthy ESL industry too, so if you're looking at Japanese parallels you shouldn't worry.

Jacob

#14
September 09, 2011, 02:24:04 PM
Quote from: Tyr on September 09, 2011, 01:51:08 PM
Even worse than that. With Japan at least the demand was real. With China its the government creating artificial demand whilst the people remain poor.;

What do you mean?
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