» 08/08/2011, 00.00
CHINA – UNITED STATES – ASIA
China sees its own downfall as US credit enters twilight
The People’s Daily and Xinhua publish harsh commentaries about US politicians, their useless democracy, and US military adventurism. They are also a sign of fear that, as the US dollar goes, so will China with its US$ 1.16 trillion in US treasury bills. Beijing pleads for action.
Asia stock markets plummet amid fears of new global crisis
All markets slide, some loosing up to 5%. A decline or stagnation of U.S. and European economies feared, with a reduction in consumption and exports from Asia. The G-7 promises to "support financial stability and growth." The ECB seems intent on buying Italian and Spanish bonds. The economies of many Asian countries at risk of. China’s criticism.
19/12/2008 ASIA - UNITED STATES
U.S. debt approaches insolvency; Chinese currency reserves at risk
In a few months, America's public debt has grown to more than 100% of GDP. Fear of a valuation crisis for the dollar, with tremendous consequences for Asian countries, major exporters to the United States.
Economic crisis renews prospects for world currency
As the number of prophets of doom multiplies, the demand-side structural imbalance of the world economye, now under scrutiny in many economic studies, lies in the artificial compression of Chinese domestic consumption.
10/11/2011 ASIA – ITALIA
Asian shares and currencies plunge because of Italian crisis
Hong Kong loses 4.5 per cent; Tokyo, 2.86; Seoul, 3.79; Shanghai, 1.05. Currencies are also down. Filipino exports decline. China’s exports only grew by 15.9 per cent in October, the lowest rise in two years. Chinese imports climb by 28.7 per cent.
Credit crisis “Made in China”
The Chinese juggernaut is showing increasing signs of economic crisis. Inflation and the slowdown in world economies are pushing up unemployment and the number of bankruptcies. Bank earnings and housing prices are down. The negative trend could last one or two years.
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