Reasons Not to Be Cheerful About China

choi

Tom Orlik, Reasons Not to Be Cheerful About China. Overheard (a brand of WSJ), Nov 10, 2011.
http://blogs.wsj.com/overheard/2 ... eerful-about-china/

Note: I can not find definition of "headline growth." Compare

headline inflation. Investopedia, undated.
http://www.investopedia.com/terms/h/headline-inflation.asp

(2) Rahul Jacob, Chinese Look Overseasin Move to Cut Cost; Manufacturing; Factory owners are finding that wage costs may be lower, but moving brings its own problems. Financial Times, Nov 9, 2011
http://www.ft.com/cms/s/0/f3e4e6 ... 9-00144feabdc0.html
(They look into Bangladesh, Ethiopia, India, Hunan, and Vietnam)

Quote: “When China grows out of this, there will not be another China,” he [Dong Tao, an economist with Credit Suisse] says.

Note:
(a)
(i) Frank LEUNG  梁 福成
(ii) New Wing Footwear
http://newwing.com.hk/

, whose alter ego is Dongguan Northford Shoes Co Ltd  東莞朗福皮鞋有限公司)
(b) Chennai
http://en.wikipedia.org/wiki/Chennai
(sectin 1 Names)
(c) Texhong Textile  天虹纺织集团有限公司
http://www.texhong.com/
(创始於1997年，创始人洪天祝先生; 本集团是全球最大的包芯棉纺织品供应商之一; 总部位于上海)

(3) Simon Rabinovitch, Desperate Home Developer Offers Buyers Free BMW. Financial Times, Nov 9, 2011.
http://www.ft.com/cms/s/0/19ffdf ... 6-00144feabdc0.html

Quote:

"some [developers] are finally capitulating after dreadful sales in October.

"Wenzhou’s housing sector is now the weakest in the country, with prices falling 1.4 per cent in September month on month.

"The BMWs in Wenzhou cost Rmb300,000 locally, equivalent to about 10 per cent of the price of a flat ("for an apartment, the sales assistant said" in the online version)

Note: Central Mansions  中央公馆

(4) Kevin Brown, Full Speed Ahead on New Silk Road; 'South-south'trade is surging but more must be done to remove barriers. Financial Times, Nov 9, 2011.

Quote:

"By 2025, emerging Asia will overtake western Europe as the world's largest trading region.

"More sombreros and bikinis are now made in China than in Mexico and Brazil, respectively.

"Emerging market will rise in significance as both exporters and importers.

However, there is a potential obstacle. Even allowing for the rapid growth of domestic consumption, much of the ability of the emerging economies to continue growing in the long term will depend on their ability to trade. But trade barriers remain 'thick,' as Mr [Stephen] King[,the London-based chief economist of HSBC, the banking group] put it, both between emerging and advanced economies, and between emerging economies.

My comment: There is no need to read the rest of this report.