{"id":6448,"date":"2015-03-13T05:35:10","date_gmt":"2015-03-13T10:35:10","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6448"},"modified":"2015-03-13T05:35:10","modified_gmt":"2015-03-13T10:35:10","slug":"china-is-a-monumental-economic-trainwreck-the-evidence-is-mounting-rapidly","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6448","title":{"rendered":"China Is A Monumental Economic Trainwreck\u2014\u2013The Evidence Is Mounting Rapidly"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/china-is-a-monumental-economic-trainwreck-the-evidence-is-mounting-rapidly\/\" target=\"_blank\">China Is A Monumental Economic Trainwreck\u2014\u2013The Evidence Is Mounting Rapidly<\/a><\/h3>\n<p><b>How Fast is China Growing?<\/b><\/p>\n<p>Analyst estimates of Chinese growth keep getting lower and lower. Yet, those declining estimates have all been from a lofty level: From 10% to 9%, to 8% to 7.5%.<\/p>\n<p>China\u2019s growth target for 2015 is 7.0%.<\/p>\n<p>Many question those growth estimates. I certainly do. Chinese growth is not consistent with energy demand, raw materials, or personal consumption. Worse yet, growth does not factor in pollution or malinvestments in vacant housing, vacant malls, vacant airports, etc.<\/p>\n<p>Malinvestments, pollution, and State-Owned-Entreprise (SOE) boondoggles (fraud is actually a better word) should all subtract from current GDP. Instead, fraud, pollution, and malinvestments have been buried and will remain buried until it\u2019s impossible to hide them.<\/p>\n<p>I assumed China was growing slowly. After all, 7% is one hell of a lie. However, I now wonder if China is growing at all.<\/p>\n<p>What caused my double take was a fascinating presentation by Anne Stevenson-Yang, Co-Founder of JCap and author of\u00a0<a href=\"http:\/\/www.amazon.com\/s?ie=UTF8&amp;index=books&amp;keywords=china%20alone%20yang&amp;link_code=qs&amp;search-type=ss&amp;tag=mish04-20\" target=\"_blank\">China Alone: The Emergence from, and Potential Return to Isolation<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China Is A Monumental Economic Trainwreck\u2014\u2013The Evidence Is Mounting Rapidly How Fast is China Growing? Analyst estimates of Chinese growth keep getting lower and lower. Yet, those declining estimates have all been from a lofty level: From 10% to 9%, to 8% to 7.5%. China\u2019s growth target for 2015 is 7.0%. Many question those growth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4126,130,353,391,498,638],"class_list":["post-6448","post","type-post","status-publish","format-standard","hentry","category-economics","tag-boondoggles","tag-china","tag-gdp","tag-growth","tag-malinvestment","tag-pollution"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6448"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6448\/revisions"}],"predecessor-version":[{"id":6449,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6448\/revisions\/6449"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}