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标题: [转贴] China is near a financial crisis similar to the U.S. in 2008, says Soros [打印本页]

作者: not4weak 时间: 2016-4-22 21:40 标题: China is near a financial crisis similar to the U.S. in 2008, says Soros

China’s debt is more than twice the size of its GDP

                  AFP/Getty Images
                  George Soros thinks that if China allows its debt to grow unchecked, it will end up where the U.S. did in 2008.
Billionaire investor George Soros has warned that a surge in China’s debt is bringing the world’s second-largest economy on the brink of a financial crisis similar to one the U.S. faced in 2008.
“There is an eerie resemblance to what’s happening in China to what’s happened here leading up to the financial crisis in 2007-2008 and it is similarly fueled by credit growth,” Soros said at a round table hosted by Asia Society late Wednesday. “It’s eventually unsustainable. But it feeds on itself and it has a lot to do with real estate,” he said.
A collapse of a U.S. housing bubble in 2007 and the resulting upheaval in the banking sector triggered the failure of major financial institutions in 2008. While it was, in essence, a U.S.-centric event, the crisis had far-reaching implications around the world, depressing trade, investment and growth.
The U.S., and other parts of the world, is still digging its way out of the 2008 crisis.
China’s total social financing, a measure of credit in the economy, grew 15.8% in March to $22.4 trillion, according to data from The Wall Street Journal. That is more than twice its $10.4-trillion gross domestic product.
Analysts also have expressed concerns over China’s debt bubble.
“We have grown increasingly uneasy about China’s debt pile-up,” Sue Trinh, a currency analyst at RBC Capital Markets, said in a recent report. “Outstanding credit and new loan growth are at near-record levels on a three-month moving average basis.”

Meanwhile, the property market in China is heating up, thanks to the government’s accommodative policies. Housing sales rose 60.3% in the first quarter from a year earlier to $248.2 billion, according to the National Bureau of Statistics last week.

Soros earlier this year attracted Beijing’s ire by predicting that a hard landing in China is inevitable. The government responded to the famed investor’s dire forecast by attacking him in a newspaper editorial, “Declaring war on China’s currency? Ha ha,” underscoring China’s sensitivity to foreign criticism.
He isn't the only high-profile investor to raise the alarm on China’s debt growth. Kyle Bass, founder of Hayman Capital Management, in February announced a big bet against the Chinese yuan, citing the country’s mounting debt burden.
Their pessimism contrasts with Templeton Emerging Markets Group’s Executive Chairman Mark Mobius’ more measured view on the country. The emerging-market guru, in an interview with MarketWatch, cautioned hedge-fund managers against reading too much into the country’s recent economic turbulence.
Undoubtedly, China’s economic fortunes have waned since it posted double-digit economic growth only a few years ago. Its GDP growth has slowed to levels not seen in a quarter-century as the authorities press ahead with a plan to restructure from a manufacturing-dependent economy to a consumption-driven model.
To some extent, aggressive stimulus measures have helped to calm fears of an impending collapse of the Chinese economy. But as long as China continues to chase the twin goals of reforms while supporting economic growth, questions about the government’s policy priority will linger, fueling volatility in the financial markets. The Shanghai Composite Index                                                                                                                                                                                                          SHCOMP, +0.22%                                                                                                                                              which enjoyed a period of calm after sharp losses earlier this year, has been retreating lately, as doubts about the economy’s resilience resurface.
“A fear arose that, now that a stimulus and credit-induced recovery in the economy has taken hold, the government may start to step on the brake in terms of stimulus and credit,” said Louis Kuijs, head of Asia economics at Oxford Economics.

作者: aimei 时间: 2016-4-22 22:48

俺还木有全部逃亡尼
慢慢来

作者: 秂忢空 时间: 2016-4-22 23:04

回复 2# aimei

ON stand or ON Crash, is a question?

股债双杀...第二次鸦片战争！

作者: 秂忢空 时间: 2016-4-22 23:08

本帖最后由秂忢空于 2016-4-22 22:09 编辑

包子林，俺老的贴，明月向沟渠噢

刘煜辉值得关注，他的话里透着话

http://yayabay.com/forum/thread-285747-1-1.html

作者: lisa_maodou 时间: 2016-4-23 04:15

不是特别相信他的话，中国和美国的经济体制不一样。。不是业内人士，没法给出证据。。。只能拭目以待。

作者: 钢铁牛 时间: 2016-4-23 09:16

咱大国现在面临几个大问题，实体经济搞不好，只好再拿房事来抽油。
索罗斯只不过借用美国的金融危机来点出这个关键问题

中美虽然体制不一样，但无休止的玩房事，总有精尽人亡的一天。这个无关体制。。。

作者: ranchgirl 时间: 2016-4-23 10:26

哼哼，真的不知道中国的事情，但是希望中国越来越好，不要发生危机。。。

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