What is causing China's economic slowdown?

[edgarvibar]

3:10 "What all these markets desperately need but don't have is investor confidence."

Absolutely wrong. What these markets desperately need is speculator confidence.

[grvc]

chinas economy is also "MADE IN CHINA".

[stevemiles]

its because the $2 shops are closing down world wide

[hotelpan]

so simple, the entire world as China's market is fucked.

[chiupolini]

I think Peter Schiff is making a good point to which I agree. We are seeing the effect of the US invented EQ in Hong Kong, which currency is tied to the US$. The result of the ultra low interest rate is the huge rise in property market by some 100% since 2008 in many cases, without any corresponding investment in the real economy nor substantial rise in wages. A buoyant consumer market is now built on credit by people who are under the delusion that the value of their own property will never fall, and the banks forever willing to lend. Eventually the chickens are coming home to roost.

In a way the world (including China) had no realistic choice but to follow suit by making their own currency more readily available otherwise a country's assets will be substantially flooded by the cheap US paper money in exchange for real assets. And in many ways by keeping its currency on the up since 2008 (when it has since then increasing in value) and holding on to US bond, China has been doing the US a big favour. With EQ, no one is thinking the long term, but just solution of the problem in hand. In Chinese, it is called drinking the poison to quench the thirst.

[RichardVrong]

1:41 that grandma doesnt look like someone whos educated enough to do stocks.

[strongfoot]

The weirdest thing in economics is to see gold rising in its prices. You can not eat it, you can not use it for fuel or electricity or any necessary thing for life.

[someday]

The number one reason Chinese government has little money to prop up stocks, they tried the circuit breakers but that caused more panic.60% of the stock holders are regular blue collar workers and tend to panic quickly.Chinese government is trying so hard to devalue the currency to create more exports but doing so also decreases the buying power which then leads to slower economy within China.Japan has negative interest and most of Europe is struggling to get any positive GNP numbers.The oil producing nations in OPEC are all in a massive recession with hyper inflation causing unrest and revolt.The world's economy on the edge of a implosion in 2016.

[Banedragon]

Wouldn't the best solution to stabilise and give value to currencies be a very diverse market basket

[Unprotected]

I like the emphasis on how government policies shape the market. After all, it's at the legislative level the rules for the market are set.

[peppeddu]

Does anyone expects China's growth to last forever?
It's a bubble that started 20 some years ago, and at some point it will burst.
Plain and simple.

[davidperi]

Using Pension Funds....ha...look what happened to many Pension Funds in the US when Pension Funds were used to boost or increase their value...most of them went down.

[bertwesler]

What we are suffering is the decoupling of work value to capital value. There is not now and has not been a relationship between added value, (the creation of needed innovation and products and added value of ones labor), to value of money.

The stock market is nothing more and nothing less than a casino. It is insane to place ones economic safety las Vegas.

[codependent]

How does this fit in the approaching mythical crisis?? "The United States has already spent close to $2 trillion on the conflicts in Iraq and Afghanistan(y2013). But those expenditures — on combat operations, reconstruction, and other direct costs of war — are only a fraction of what the wars will eventually cost the country, according to research by Linda Bilmes, " Harvard Kennedy School

[Skhulu]

Good for the world, steel prices and all other building material will go back to normal.

[realchannel-eicv]

Stock should go down to below 2000 since it went up for no fundamental reason but ponzi bubble.

[infoworld]

believe or not, China's stock market doesn't really reflect the economy of it. there is a lot of manipulating deals to affect the stock market and this time, it seems it is out of control. for example, there is one ipo co. this year named baofeng technology which make video player software, it‘s highest stock value is 4 billion usd while it lost money in the first quarter and now it's stock price is falling. btw, the devaluation of rmb in early of august does work, you will see august's gdp increase than the last month, the increase in use of electricity has approved that.

[saeedbaig]

Got a host of panelists from as many different countries as they could except from anywhere in Asia (let alone China). Seems fair.

[johnnybizaro]

This can't be taken seriously because the folks like Professor Steve keen or Dr Richard Wolff or Thomas Piketty are not debating in this group.

[BitcoinLitecoin]

I just posted a video about China's economy, Check it out and read the description.