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Sputtering demand puts brakes on China's growth

GEOFFREY YORK

From Tuesday's Globe and Mail

Latest comment posted at 10:39 PM EST 20/10/08

Country cobbling together a package of fiscal stimulus measures in hopes of avoiding a unravelling of its economic boom ...Read the full article

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  1. HeyBoppaRebop SheBop from Canada writes: Given that China is doing zip about carbon emissions, it is good that their economy is sputtering.
  2. Just a Guy from Canada writes: China enacts a wide variety of policies to combat carbon emmissions, Visit any city across China, and you'll find solar panels, electric bikes, and other emmissions-free factors.

    We need China's economy to be strong, as it's the only hope to pull the rest of the world out of the USA's mess.
  3. Chilled One from Canada writes: Melamine in the foodstuffs when times are good. I can't wait to see what China has in store when it cuts corners. Good grief!!!!
  4. Marv M from Canada writes: 9% growth, yeah sure! Most economists are suggesting it will be allot less. You don't expect a communist country that prides itself at being best at everything would ever admit that their economy is actually weakening to a greater degree than 9% do you? They have learned from the best. The US has been cooking their numbers for awhile now in most peoples opinion.
  5. Robert fromwest from Canada writes: China’ s economy with GDP 9.9 % in the first three quarters is actually outperforming any other country in the world. With world largest foreign reserve of 2 trillion dollars, China can further upgrade its already advanced infrastructure and its GDP when most countries is suffering from negative GDPS and high unemployment!!
  6. Just a Guy from Canada writes: While there are, of course, heavy carbon polluters in China, those who have not actually been to China, tend to overlook the numerous measures that are meant to reduce those emmissions.

    Look, the basics are that China has an enormous population whose demand for energy is rising. Per capita, it's still less than developed countries' energy consumption, and these people can't be denied the same right to energy.

    What would you suggest Richard?

    http://www.nycclimatesummit.com/casestudies/energy/energy_rizhao.html
  7. Chester Rockwell from Canada writes: Good god, 9% growth rates? Won't somebody think of the children!
  8. Mutant ninja Coprophagous from Canada writes: Instead of massaging the numbers to make the percentage per capita look good, how about a real number in tonnes per day of various pollutants. A total volume comparison between Canada and China is somewhat informative.
  9. Mutant ninja Coprophagous from Canada writes: Of course someone is thinking of the children, who do you think is making the running shoes?
  10. Nature Lover from Canada writes: No more cheap crap at Walmart and Canadian tire? How will we survive? At their former impressive growth rate, they will need more oil than there is in the ground. What ya gonna do when they come for you?
  11. ALASTAIR JAMES BERRY from Nanaimo BC, Canada writes:
    Aye, and it is and all - "Sputtering demand puts brakes on China's growth" but it is going to affect Canada perhaps even worse AND LEAVE US WITH A NEGATIVE GROWTH RATE!

    As world demand for our lumber,copper,coal,uranium,gold,oil and fertilizers falls..........Canada is set to face rapidly rising UNEMPLOYMENT and the Can $ 1 having lost over 20% of it's value recently INFLATION IS REARING IT'S UGLY HEAD AGAIN and particularly here on Vancouver Island, with municipal taxes Hydro and ferry fares all steeply up..........THE CITIZENS ARE RATHER "UNHAPPY"
  12. __Doug __ from Canada, Canada writes: "The collapse of China's stock market and a slump in the property market could be affecting the behaviour of China's consumers, Mr. Pettis said. “My guess is that we're going to see pretty poor growth in consumer demand.”

    Man ! Are you retired or do you charge money for your wisdom.
  13. The Iconoclast from Canada writes: Mutant ninja Coprophagous from Canada writes: Instead of massaging the numbers to make the percentage per capita look good, how about a real number in tonnes per day of various pollutants. A total volume comparison between Canada and China is somewhat informative.

    How about a comparison between an apple and an orange?
  14. __Doug __ from Canada, Canada writes: You've probably seen the latest commercial that compares a peeled orange to your eyeball.

    Apples contain seeds.
  15. __Doug __ from Canada, Canada writes: Well it's getting late or early, so here's some spit in your eye.
  16. RRR JJJ from Canada writes: Just a Guy from Canada writes: China enacts a wide variety of policies to combat carbon emmissions, Visit any city across China, and you'll find solar panels, electric bikes, and other emmissions-free factors.
    -----

    The current air quality in china would beg to differ. I spent two years on the mainland, and a year in Hong Kong. Electric bikes are all over the place, but the batteries were reportedly being disposed of in landfills somewhere once they were no longer usable. as for solar panels, and other emissions-free factors, where are they? I rarely saw anything of the sort between 2004-2007.

    This economic slowdown in China was totally predictable. Yet there are posters on this forum who kept telling us that we need China more than they need us. That simply isnt true. We're all part of the same chain, and when one link in that chain breaks or is about to break, we all feel the pain.
  17. Just a Guy from Canada writes: True, the air quality is still far from clean, however change takes time, but that doesn't mean change isn't happening. I posted a link to a case study for support earlier in this thread.

    http://www.nycclimatesummit.com/casestudies/energy/energy_rizhao.html (though probably no one will read it)

    While everyone may feel this pain, the global economy needs China to help lead past it. Spending and growth help weather through a depression, and on this scale, Canada would also need China to help strengthen itself.
  18. Silver Standard (Used to be gold) from Canada writes: Well lets just cry a river for China right now, if China were to let their currency apprechiate they would find domestic demand may skyrocket. When you are the country with all the manufacturing you have fewer worries.
  19. Silver Standard (Used to be gold) from Canada writes: Just a Guy

    JUst read it, I hope they start doing much more but I highly doubt it. They have a lot of catching up to do and I don't think we will see much in our lifetime. We on the other hand may have no choice if we get hyper inflation.
  20. Just a Guy from Canada writes: THEY have a lot of catching up to do?? I don't know if you've looked, but there isn't a lot of 3 million population cities in Canada that can boast the same type of progressive thinking.

    But the story is referring to just one of hundreds of cities in China that have taken on this (already old news) trend. The example was just merely the best case.

    I hope for your sake, the places you live in can mimic a fraction of what is going on in China...at least in your lifetime.
  21. Chris E. from Canada writes: International Buy Nothing Day is November 29th.

    I plan to reduce purchases of 'made in China' products all year.

    The age of consumption is over. I'm redirecting my disposable income to goods and services made in this part of the world.
  22. Glynn W from Canada writes: I bet you that the repon the news yesterday about high levels of mercury, nickle and other carcinogenic substances seeping out of the ground and contaminating Lake Ontario comes from China...seeping through the earth's core, bugs bunny style, and into our prestine country. Shame on you China!
  23. Bugs Bunny from Canada writes: Glynn W:

    Bugs always observe for a long time and spend days and nights analysing things before coming up with a conclusion. This is called critical thinking, a skill that intelligent philosophers must possess in order to carry on an intelligent debate.

    As to your conclusion about the toxics got poured into Lake Ontario, Bugs will surely spend some time investigating the issue. Bugs will run a lab test to see if these toxics are indeed from China. If they are, Bugs suggest to retaliate by pouring more toxics into Lake Ontario, fanning the lake water towards East to make sure these toxics go back to where they came from.

    Bugs has been very busy doing some deep thinkings lately, therefore, might not be able to chat with you. If you don't hear from Bugs, you can carry on with this retaliation for Bugs.

    Thanks and take care.
  24. Politicians are Fascist Pigs from Canada writes: China could still build 10,000 ships in a year, put 10,000 soldiers on each, and run them aground on US shores- when the time is right.
    Too bad the US politicians destroyed the financial backbone of their nation and will have little resources to protect itself.
    Start jailing politicians now!
  25. Dick Dupa from Toronto, Canada writes: I am tired of "Made in China". Chinese can do well manufacturing for domestic market. Rest of the world should follow. End stupid GLOBALIZATION scheme and everybody will win.

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