- Source, Jim Rickards via RT
Showing posts with label China slowdown. Show all posts
Showing posts with label China slowdown. Show all posts
Chinese Growth is Set to Slowdown Further
I have been going for Chinese growth to get to 3 or 4%. I would say that China`s growth is already at 4%. I know they print 7.5%. But about half of the GDP they produce is wasted. So if I build a $5 billion train station in a small town that is $5 billion of GDP- this money is completely wasted because 10 people getting on the train are not going to pay for a $5 billion station. So you go around China with these ghost cities we have talked about before... So it is generating GDP, but it is completely wasted. If you adjusted the published GDP figures for the amount of waste, their actual growth is probably already roughly 4%. That is going to go lower.
Jim Rickards on China�s Slowdown & Marshall Auerback on Independence Movements
China�s central bank is injecting a combined 500 billion yuan into the country�s top banks � a move signaling the deepest concerns yet of an economic slowdown in China. Erin weighs in.
Then, Erin sits down with Jim Rickards, economist and author of �Currency Wars: The Making of the Next Global Crisis,� to discuss Europe and China. After the break, Erin speaks with Marshall Auerback, director of institutional partnerships of the Institute for New Economic Thinking, to continue the discussion on Europe.
And in The Big Deal, Erin and Edward Harrison go over the most recent iPhone 6 reviews and break down some of the new features.
- Source, Russia Today
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