China's economy

[Skydaemon]

Bloomberg.com: Exclusive

Article on china exporters and labor issues.

One quote in particular that impressed me:

"Some 95 percent of exporters with assets of less than 40 million yuan ($29 million) may fail in the next three years, Guan estimates. China’s 42 million businesses of that size provide three-quarters of China’s urban jobs and 60 percent of GDP, according to the government. "

This guy is basically predicting china will lose over half of it's GDP. They're really poised for a depression scenario over there.

[sg1efc]

Originally Posted by Skydaemon

Bloomberg.com: Exclusive

Article on china exporters and labor issues.

One quote in particular that impressed me:

"Some 95 percent of exporters with assets of less than 40 million yuan ($29 million) may fail in the next three years, Guan estimates. China’s 42 million businesses of that size provide three-quarters of China’s urban jobs and 60 percent of GDP, according to the government. "

This guy is basically predicting china will lose over half of it's GDP. They're really poised for a depression scenario over there.

I hope that doesn't happen to China or any other country. Well, Iran would be ok to me.

[thegreatgate]

Originally Posted by Skydaemon

Bloomberg.com: Exclusive
This guy is basically predicting china will lose over half of it's GDP. They're really poised for a depression scenario over there.

Are you saying now is the perfect time to buy something like FXP?
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