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Chinese TV Host Says Regime Nearly Bankrupt

 
(:-DeeZe
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11/15/2011 11:34 AM
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Chinese TV Host Says Regime Nearly Bankrupt
[link to www.theepochtimes.com]


China’s economy has a reputation for being strong and prosperous, but according to a well-known Chinese television personality the country’s Gross Domestic Product is going in reverse.

Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece.

Lang’s assessment that the regime is bankrupt was based on five conjectures.

Firstly, that the regime’s debt sits at about 36 trillion yuan (US$5.68 trillion). This calculation is arrived at by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion, he said). But with interest of two trillion per year, he thinks things will unravel quickly.

Secondly, that the regime’s officially published inflation rate of 6.2 percent is fabricated. The real inflation rate is 16 percent, according to Lang.

Thirdly,
that there is serious excess capacity in the economy, and that private consumption is only 30 percent of economic activity. Lang said that beginning this July, the Purchasing Managers Index, a measure of the manufacturing industry, plunged to a new low of 50.7. This is an indication, in his view, that China’s economy is in recession.

Fourthly, that the regime’s officially published GDP of 9 percent is also fabricated. According to Lang’s data, China’s GDP has decreased 10 percent. He said that the bloated figures come from the dramatic increase in real estate development each year (accounting for up to 70 percent of GDP in 2010).

Fifthly, that taxes are too high. Last year, the taxes on Chinese businesses (including direct and indirect taxes) were at 70 percent of earnings. The individual tax rate sits at 81.6 percent, Lang said.
Once the “economic tsunami” starts, the regime will lose credibility and China will become the poorest country in the world, Lang said.

rest at link
(:-DeeZe

"The love that you withhold is the pain that you carry"

“To live content with small means; to seek elegance rather than luxury, and refinement rather than fashion, to be worthy, not respectable, and wealthy, not rich; to study hard, think quietly, talk gently, act frankly, to listen to stars and birds, to babes and sages, with open heart, to bear all cheerfully, to all bravely await occasions, hurry never. In a word, to let the spiritual unbidden and unconscious grow up through the common. This is to be my symphony.”
.........William Henry Channing
Resister

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11/15/2011 11:55 AM

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Re: Chinese TV Host Says Regime Nearly Bankrupt
Not hard to imagine China's GDP going down. The people with the most disposable money who buy most of their stuff (USA) have been in recession and buying less for the past 3 years. China has a billion people. A BILLION! Most of them are dirt poor and now the productive ones are losing buisiness.

Traditionally, this does not look good for the Chinese people. Chairman Mao killed millions of Chinese people through government policies that resulted in starvation on purpose and even out right murder. The government countrols everything in that country. If they want to reduce the "surplus population" just to streamline their economy, they will.

Last Edited by Resister on 11/15/2011 01:55 PM
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
Anonymous Coward
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11/15/2011 11:55 AM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
Anonymous Coward
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United States
11/15/2011 12:21 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
 Quoting: Anonymous Coward 5266819


The source audio is also embedded on this page.

---

Strange how China and America seem to be more and more similar as time goes on.

Thanks OP!
Anonymous Coward
User ID: 5428802
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11/15/2011 12:27 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
 Quoting: Anonymous Coward 5266819


The source audio is also embedded on this page.

---

Strange how China and America seem to be more and more similar as time goes on.

Thanks OP!
 Quoting: Anonymous Coward 1460682

Why is it strange? We're both human. Our only difference is our language. Other than that, we both feel and think the same way.
BRIEF
Rebel with morals

User ID: 381742
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11/15/2011 12:28 PM

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Re: Chinese TV Host Says Regime Nearly Bankrupt
The Chinese government has been building shopping centers and apartment buildings like crazy and they are all empty! It's all an illusion of growth...trust me, I have Chinese mutual funds still cranking out 50%!!
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
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11/15/2011 12:28 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
The solution: war.
china wins if usa wont use geneticaly directed biokill...1bil of mad and hungry asians....some crazy hot&sour soup right there.
MARTIAL LAW

User ID: 1282080
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11/15/2011 12:30 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
hiding

I believe it.

In Asian cultures "saving face" is everything. You never want to look weak, unless you are actually very strong and confusing your enemy.

They are doing the opposite. Appearing strong to mask their weakness. China hard-landing coming soon.
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
Dr Doom

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11/15/2011 12:32 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
______________

Quote:

" Strange how China and America seem to be more and more similar as time goes on. "
______________




That's what happens when nations are financially joined at the hip...
USA/CHINA/EU... when one falls, they all fall.



Now ask yourself, whose interest does it serve for all these to fall.




.
__________

____
Anonymous Coward
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11/15/2011 12:35 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
The US should isolate China with trade restrictions like it was before Clinton and NAFTA due to their human rights record.
Anonymous Coward
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11/15/2011 12:36 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
 Quoting: Anonymous Coward 5266819


The source audio is also embedded on this page.

---

Strange how China and America seem to be more and more similar as time goes on.

Thanks OP!
 Quoting: Anonymous Coward 1460682

Why is it strange? We're both human. Our only difference is our language. Other than that, we both feel and think the same way.
 Quoting: Anonymous Coward 5428802


bsflagbsflagbsflagbsflag
Dr Doom

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11/15/2011 12:36 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
__________

Quote:

" You never want to look weak, unless you are actually very strong and confusing your enemy.

They are doing the opposite. Appearing strong to mask their weakness. China hard-landing coming soon. "

__________



Sun Tzu = when strong feign weakness... and vice versa.


Australia will be hit hard when China falls.



.
__________

____
Kybeam
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United States
11/15/2011 12:37 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
In the immortal words of Arte Johnson :

Verrrrry Interesting.
Anonymous Coward
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11/15/2011 12:40 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
My reply.

First of all, this will be the last time you hear about this guy. He will soon vanish under sketchy circumstances.


Second, who in the world couldn't see what China has been up to all these years? Do you think they followed the Capitalist model to get rich and be like America? Of course not.

They played the fiat-currency banking game to harness economic power for one purpose and one purpose only: power through military might. To (probably inaccurately) quote Mao, "All political power comes from the barrel of a gun." They've got what they came for.
Brave Coward
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11/15/2011 12:41 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Fifthly, that taxes are too high. Last year, the taxes on Chinese businesses (including direct and indirect taxes) were at 70 percent of earnings. The individual tax rate sits at 81.6 percent, Lang said.
Once the “economic tsunami” starts, the regime will lose credibility and China will become the poorest country in the world, Lang said.

rest at link
 Quoting: (:-DeeZe


..and we complain about taxes...
Dr Doom

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11/15/2011 12:43 PM
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__________

Quote:

" In the immortal words of Arte Johnson :

Verrrrry Interesting. "

_________



You're dating yourself, old timer ;-)



.
__________

____
Anonymous Coward
User ID: 1460682
United States
11/15/2011 12:50 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
 Quoting: Anonymous Coward 5266819


The source audio is also embedded on this page.

---

Strange how China and America seem to be more and more similar as time goes on.

Thanks OP!
 Quoting: Anonymous Coward 1460682

Why is it strange? We're both human. Our only difference is our language. Other than that, we both feel and think the same way.
 Quoting: Anonymous Coward 5428802


I disagree that the only difference is language.
China is communist and starting to use capitalist tactics while,
America is capitalist and starting to use communist tactics.
Epic Beard Guy
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11/15/2011 12:51 PM

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Re: Chinese TV Host Says Regime Nearly Bankrupt
Some credible sources have been saying China's economy is going sour for a year or more. This could be America's saving grace. When Barry finishes destroying our economy, China will not be in a position to capitalize on our moment of weakness. I don't think Russia will be ready either. The muslim world could be the big worry. A few million angry goat herders looking to kill all the infidels could get ugly. Of course, the problem for them would be the millions of guns in civilian hands throughout the heartland. The emperor of Japan had it right when he said he would never invade America because there would be gun behind every blade of grass.
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
mrroy

User ID: 1476070
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11/15/2011 12:57 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
 Quoting: Anonymous Coward 5266819


The source audio is also embedded on this page.

---

Strange how China and America seem to be more and more similar as time goes on.

Thanks OP!
 Quoting: Anonymous Coward 1460682

Why is it strange? We're both human. Our only difference is our language. Other than that, we both feel and think the same way.
 Quoting: Anonymous Coward 5428802


bsflagbsflagbsflagbsflag
 Quoting: Anonymous Coward 270625


+1 We are NOT the same at all. No friggin way. You go live with them.
we're here to go
Anonymous Coward
User ID: 2085780
Puerto Rico
11/15/2011 01:04 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
[link to www.theepochtimes.com]


China’s economy has a reputation for being strong and prosperous, but according to a well-known Chinese television personality the country’s Gross Domestic Product is going in reverse.

Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece.

Lang’s assessment that the regime is bankrupt was based on five conjectures.

Firstly, that the regime’s debt sits at about 36 trillion yuan (US$5.68 trillion). This calculation is arrived at by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion, he said). But with interest of two trillion per year, he thinks things will unravel quickly.

Secondly, that the regime’s officially published inflation rate of 6.2 percent is fabricated. The real inflation rate is 16 percent, according to Lang.

Thirdly,
that there is serious excess capacity in the economy, and that private consumption is only 30 percent of economic activity. Lang said that beginning this July, the Purchasing Managers Index, a measure of the manufacturing industry, plunged to a new low of 50.7. This is an indication, in his view, that China’s economy is in recession.

Fourthly, that the regime’s officially published GDP of 9 percent is also fabricated. According to Lang’s data, China’s GDP has decreased 10 percent. He said that the bloated figures come from the dramatic increase in real estate development each year (accounting for up to 70 percent of GDP in 2010).

Fifthly, that taxes are too high. Last year, the taxes on Chinese businesses (including direct and indirect taxes) were at 70 percent of earnings. The individual tax rate sits at 81.6 percent, Lang said.
Once the “economic tsunami” starts, the regime will lose credibility and China will become the poorest country in the world, Lang said.

rest at link
 Quoting: (:-DeeZe


Totaly true , If their US customers cant work they cant buy their cheap shit , one thing brings the other , they kill competence competence goes out of bussiness the workers loose their jobs and cant even buy cheap wallmart shit, the number of factorys closing in china are 500 per month average, they saturated the markers killing the economy ..

next stage (WAR) ..
Anonymous Coward
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Malaysia
11/15/2011 01:06 PM
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EpochTimes = Falun gong cult
Anonymous Coward
User ID: 3919151
United States
11/15/2011 01:09 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
 Quoting: Anonymous Coward 5266819


The source audio is also embedded on this page.

---

Strange how China and America seem to be more and more similar as time goes on.

Thanks OP!
 Quoting: Anonymous Coward 1460682

Why is it strange? We're both human. Our only difference is our language. Other than that, we both feel and think the same way.
 Quoting: Anonymous Coward 5428802


You think language is the only difference... WRONG.

Watch this in it's entirety starting at 1:00 min into it and you will never be the same. This small look from a security camera shows you the average Chinese citizen.

Fast forward to 1:00min into it.
Thread: China - 2 yo girl runned over by car dying when nobody gives a single duck
Anonymous Coward
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United States
11/15/2011 01:17 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Good find Dee-Zee! If all this is true, it would follow that the NWO is imminently to be offered as a solution...
Shogu666

User ID: 1217094
Poland
11/15/2011 01:37 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
All consumerism anti-economy is going downhill around the world dance
Anonymous Coward
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China
11/15/2011 01:38 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
此消息是帶給你&#300​01;塔維斯托克
像制作神是塔维&#260​31;托克洗脑和宣传&#​30740;究所的前面。&#36158​;森卢卡斯或三位&#19​968;体是玩弄你的头&​#33041;。
propogandapropoganda
Anonymous Coward
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Hong Kong
11/15/2011 01:51 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Highly credible source, OP. lol
 Quoting: Anonymous Coward 5266819


epochtimes is an Anti-China website that posts any bullshit story that disparages China.

Read with salt close by, you will need many grains if you expect to gather information from that site.
Anonymous Coward
User ID: 1291849
United States
11/15/2011 01:51 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
I thought they were buying up all our debt and funding all our ridiculous wars. It sounds like that turned out to be a bad investment for them
Anonymous Coward
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Hong Kong
11/15/2011 01:54 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Not hard to imagine China's GDP going down. The people with the most disposable money who buy most of their stuff (USA) have been in recession and buying less for the past 3 years. China has a billion people. A BILLION! Most of them are dirt poor and now the productive ones are loosing buisiness.

Traditionally, this does not look good for the Chinese people. Chairman Mao killed millions of Chinese people through government policies that resulted in starvation on purpose and even out right murder. The government countrols everything in that country. If they want to reduce the "surplus population" just to streamline their economy, they will.
 Quoting: Resister


You don't know anything about China so why bother trying to fake it.

It makes you sound like a buffoon to anyone in the know.
Anonymous Coward
User ID: 4306529
Hong Kong
11/15/2011 01:58 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
My reply.

First of all, this will be the last time you hear about this guy. He will soon vanish under sketchy circumstances.


Second, who in the world couldn't see what China has been up to all these years? Do you think they followed the Capitalist model to get rich and be like America? Of course not.

They played the fiat-currency banking game to harness economic power for one purpose and one purpose only: power through military might. To (probably inaccurately) quote Mao, "All political power comes from the barrel of a gun." They've got what they came for.
 Quoting: Anonymous Coward 5435925


China currently employs what can only be described as Capitalism on steroids.

Again, most of you have very little clue about China outside of the junk you read from headlines.

China played the grow your middle class via industry game just like the U.S did many moons ago, and like the rest of the emerging world is doing.

Like I said to several people already in this thread, most of you have no idea what you are talking about when it comes to China, the Chinese people, its relationship with its neighbors, and a whole host of other issues.
Anonymous Coward
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Hong Kong
11/15/2011 02:00 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
Some credible sources have been saying China's economy is going sour for a year or more. This could be America's saving grace. When Barry finishes destroying our economy, China will not be in a position to capitalize on our moment of weakness. I don't think Russia will be ready either. The muslim world could be the big worry. A few million angry goat herders looking to kill all the infidels could get ugly. Of course, the problem for them would be the millions of guns in civilian hands throughout the heartland. The emperor of Japan had it right when he said he would never invade America because there would be gun behind every blade of grass.
 Quoting: Epic Beard Guy


What Islamic Fundamentalist Nation would be a risk of an invading force for the U.S in your utter and absolute fantasy world?
WOMAN WHO RUNS W/ WOLVES

User ID: 5311156
United States
11/15/2011 02:01 PM
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Re: Chinese TV Host Says Regime Nearly Bankrupt
[link to www.theepochtimes.com]


China’s economy has a reputation for being strong and prosperous, but according to a well-known Chinese television personality the country’s Gross Domestic Product is going in reverse.

Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece.

Lang’s assessment that the regime is bankrupt was based on five conjectures.

Firstly, that the regime’s debt sits at about 36 trillion yuan (US$5.68 trillion). This calculation is arrived at by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion, he said). But with interest of two trillion per year, he thinks things will unravel quickly.

Secondly, that the regime’s officially published inflation rate of 6.2 percent is fabricated. The real inflation rate is 16 percent, according to Lang.

Thirdly,
that there is serious excess capacity in the economy, and that private consumption is only 30 percent of economic activity. Lang said that beginning this July, the Purchasing Managers Index, a measure of the manufacturing industry, plunged to a new low of 50.7. This is an indication, in his view, that China’s economy is in recession.

Fourthly, that the regime’s officially published GDP of 9 percent is also fabricated. According to Lang’s data, China’s GDP has decreased 10 percent. He said that the bloated figures come from the dramatic increase in real estate development each year (accounting for up to 70 percent of GDP in 2010).

Fifthly, that taxes are too high. Last year, the taxes on Chinese businesses (including direct and indirect taxes) were at 70 percent of earnings. The individual tax rate sits at 81.6 percent, Lang said.
Once the “economic tsunami” starts, the regime will lose credibility and China will become the poorest country in the world, Lang said.

rest at link
 Quoting: (:-DeeZe


I am not surprised I always thought the China story was just that a story. They have no clean water. Pollution is extreme and too many poor uneducated people. China is part of the scam.
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