China May Prove Both Bulls and Bears Correct

choi

China may prove both bulls and bears correct(1) Jamil Anderlini, In China Both Bulls and Bears Look Likely to Have Their Day; Many believe can probably pump its economy up one more time by loosening policy. Financial Times, Oct 20, 2011 (title in print)
http://www.ft.com/cms/s/0/d7661a ... d-00144feab49a.html
(Even China Bulls outside China believe "the years of high growth and low inflation are coming to an end" in China)

Note:
(a) Regarding Roubini's speech, no transcript is available free online, presumably because he set up a company to sell his opinions (as Greenspan did when the latter was 20s, 30s).
(b) Surprisingly the same speech generated two reports by the same reporter--one on China and the other, Euro zone.
(i) Kati Pohjanpalo, Roubini Says Soft Landing in China Is a ‘Mission Impossible.’ Bloomberg News, Oct 17, 2011.
http://www.bloomberg.com/news/20 ... on-impossible-.html

* front-load (vt; First Known Use 1976): "to assign costs or benefits to the early stages of (as a contract, project, or time period)"
www.m-w.com

(ii) Kati Pohjanpalo, Roubini Says Greek Default May Spark Lehman-Magnitude Shock. Bloomberg News, Oct 17, 2011
http://www.bloomberg.com/news/20 ... agnitude-shock.html
("Roubini said Italy and Spain need a 'bazooka' to 'have a fighting chance to avoid insolvency'”)

* ring-fencing. The phrase Finder, undated.
http://www.phrases.org.uk/meanings/302450.html
("These figurative uses all of course derive from the literal 'ring-fences' which were used to confine stock on farms")


(2) What is unsettling, from China's perspective, is that some developed nations seem to blame China on their own poor economies.

英格兰银行行长呼吁中国增加进口. BBC Chinese, Oct 18, 2011
http://www.bbc.co.uk/zhongwen/si ... _china_import.shtml
(英格兰银行行长"默文·金说：'金融危机四年过去，中国的外汇储备比危机开始时还要高出许多。' 他说，要解决贸易逆差国家的债务问题，中国等国需要增加进口，以便给负债国家减少债务、发展经济的机会")

Note: Sir Mervyn King, Governor, Bank of England