Comments on: For a banker, no panic in China http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/ Exclusive outtakes from industry leaders Wed, 16 Nov 2016 08:14:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: wabewalker http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-972 Wed, 17 Jun 2009 06:03:10 +0000 http://blogs.reuters.com/summits/?p=2149#comment-972 I think people are confusing Lucy Hornby, the writer, for the fellow she quotes. As far as I can see, Hornby is a Princeton graduate who is in the journalism industry and has no vested interest in Chinese banks. She talks to Chinese bankers, yes, and therein lies the bias, so perhaps the argument that the tone of the article is skewed is still valid. But don’t blame it on Hornby.

Don’t forget the trouncing the “Made in China” brand is getting, along with rising protectionism on the part of the American consumer. I have no data on how strong those trends are, but this poster is responding to the crisis by buying American, so there you go, sample of 1.

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By: Joshua G. http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-735 Sun, 15 Feb 2009 07:31:06 +0000 http://blogs.reuters.com/summits/?p=2149#comment-735 Manufacturing for US consumer products will fall, and jobs will be lost in China as a result – we see it in our business in China already where orders are shrinking. There is huge stimulus planning by the China Central Party already – reported even in the state-run media. They are not doing this because they are “well insulated,” but becasue they have something to fear in potentially huge job losses.

BTW – the internet here in Beijing is tolerable at best (relative to the US)- i love visits to the US, where even at my parents rural farmhouse, they enjoy real broadband, not the 512k ADSL “broadband” we get here in Beijing. I can only imaging the internet in rural China. Superior broadband in china sounds as about like this article – a rosy version of things, to say the least.

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By: David H. Deans http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-728 Mon, 19 Jan 2009 18:12:43 +0000 http://blogs.reuters.com/summits/?p=2149#comment-728 Ironically, the growth within both the economies of China and India are the direct result of failed economic investment policies in the United States. As an example, it was previously inconceivable that China would attain a superior broadband infrastructure — when compared to the U.S. But, that’s exactly what has occurred.

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By: Chris http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-699 Sun, 14 Dec 2008 02:39:38 +0000 http://blogs.reuters.com/summits/?p=2149#comment-699 It seems that the whole world treats their own economic
problems as something that will go away,and fairly soon.Unfortunately, this “head in the sand” attitude, will have them awakening to an ongoing world depression.

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By: Fred Voetsch http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-698 Sun, 14 Dec 2008 01:39:29 +0000 http://blogs.reuters.com/summits/?p=2149#comment-698 China is in much the same situation we were in 1930. We were a creditor nation with lots of savings but that didn’t help us because when jobs start going away, which they are likely to do in China faster than in the US, people quit spending and that exacerbates the situation. Having money in the bank helps the individual during a period of deflation but does not hel society if people won’t spend it.

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By: David fischer http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-696 Sat, 13 Dec 2008 13:36:04 +0000 http://blogs.reuters.com/summits/?p=2149#comment-696 The keyword being toxic here is not easily realized until it blows up one day. The notion that China is insualted when over 40% of their economy is exports, and that number may even be higher. Remember we are dealing with China, and we may never know what numbers are real or not. Also this guy is representing a Chinese bank, hmmm, let me think, propaganda. The guy would quickly be chastised for negative comments, so the lies must continue.

These same ideas that China is just fine, are the same stuff that came out of the US on how sub prime would never spill over to prime and other. And where is the world now, in deep recession.

The fact is, many Chinese banks are going to fail from over lending, bad lending practices, over supply in numerous industries from a massive over build out and little over sight. The Chinese have not gone through this type of crisis before, and they will have wrongully assumed exports would pick up again soon. They have to believe this, as the other possibility of a prolonged world recession, would crush China into another Asian Crisis. Which I beilieve is happening right now in slow motion.

Asian Crisis aka “China Crisis” is on the table right now, and not one analyst in the free world has recognized this?

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By: Jay http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-692 Fri, 12 Dec 2008 22:51:26 +0000 http://blogs.reuters.com/summits/?p=2149#comment-692 I think the writer has a vested interest in trying to get everyone to stay invested in China. He has to know what the rest of us know and that is China is in as sad a situation as the rest of us if not worse.
China manufactures for the world. They don’t invent or come up with anything on their own and as such when the buyers pull in their horns, it is sad times ahead for the manufacturers. It has started already and the writer waves it off as a simple market correction. Wrong!

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By: david http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-691 Fri, 12 Dec 2008 18:46:17 +0000 http://blogs.reuters.com/summits/?p=2149#comment-691 This up-beat report sounds just like party-line communist propaganda, doesn’t it?

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By: Lotus Blossom http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-690 Fri, 12 Dec 2008 08:55:54 +0000 http://blogs.reuters.com/summits/?p=2149#comment-690 In the time of lovely rising stock market prices many students “invested” their annual tuition and maintenance fees in the ever rising Shanghai or Shenzen stock market. Most of them must have been be underwater (heavy loss) because of that.
How many had rich parents who bailed them out so they could continue their studies ?

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By: liang http://blogs.reuters.com/summits/2008/11/06/for-a-banker-no-panic-in-china/comment-page-1/#comment-689 Fri, 12 Dec 2008 06:24:10 +0000 http://blogs.reuters.com/summits/?p=2149#comment-689 I think the writer’s view is premature.Being known as
factories of the World with ten & thousands of factories
closure….China does has a major problem!!!!!!!

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