Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

China’s Market Rout Is a Double Threat

nytimes.com

Post reply on HN
Print view View original

71–80 of 86 posts

Re: China’s Market Rout Is a Double Threat

#71

Post by onedev »

yishanl wrote: post #34
azinman2 wrote: post #27

Earlier quoted context omitted.

There are various currency controls that do make it hard to get money out of the country. Clearly it's possible, but if this starts happening in mass just watch as the top leadership makes that essentially impossible.

Sadly don't think it's stopped anyonw. Friend told me it's 50,000/person at any one time, but given the amount of money I've seen being being spent, I doubt that is stopping anyone. Going to dig into if there are any loopholes for this. I think it's fascinating how so many people in China suddenly became self-made millionaires/billionaires + can spend that money so extravagantly in the US without much consequence. Th…

Would you mind posting your finding after you dig more into this stuff?

Re: China’s Market Rout Is a Double Threat

#72

Post by snowwrestler »

kev6168 wrote: post #59

Western media has a tendency to see China through a pair of gloomy glasses, and thus often are so certain that next Tuesday is China's doomsday. Here are ALL the headlines (contains the word "China" ) from Yahoo News in the last 3 days. 12 out of 13 have negative words in the headline: ------------------- Xi Jinping has run into the one thing in China he __can’t control__ China's Boom Has World Bank __Worried__ The S…

This is only insightful if you do the same thing for other countries as headline subjects and then compare the relative rates of negativity to see if China is an outlier.

News headlines tend toward the negative in general, because it's not newsworthy when things work like everyone expects them to.

Re: China’s Market Rout Is a Double Threat

#73

Post by yo-code-sucks »

coliveira wrote: post #54
marincounty wrote: post #16

Earlier quoted context omitted.

I don't think anyone will respond out of fear of being labeled a -------? I will only comment on buying realestate in the U.S.? I believe realestate should only be bought by U.S. citizens. Right now all a foreigner needs is a individual tax number, and money. We have no real idea how that foreign money was obtained? Or, who cares? http://www.zillow.com/intl/en/foreign-buyers-guide/

On the contrary, I think that any foreigner being able to buy real estate in the US is a big plus for the country. Think about it, real estate is one of the few things that can never be exported. When foreigners buy in the US, they're divesting money from other possible expenditures in their home country to be invested for a long time in America. This in turn improves the value of real estate, generates jobs on const…

It also leaves houses empty and available for vandalism and squatters. In the end it kills the community. So stop being a greedy fuck, people in the U.S. Still have to live. I make damn near $200k and I can't even afford a damned house anymore because there all being bought by Chinese and there starting at $900k

Re: China’s Market Rout Is a Double Threat

#74

Post by filereaper »

coliveira wrote: post #54
marincounty wrote: post #16

Earlier quoted context omitted.

I don't think anyone will respond out of fear of being labeled a -------? I will only comment on buying realestate in the U.S.? I believe realestate should only be bought by U.S. citizens. Right now all a foreigner needs is a individual tax number, and money. We have no real idea how that foreign money was obtained? Or, who cares? http://www.zillow.com/intl/en/foreign-buyers-guide/

On the contrary, I think that any foreigner being able to buy real estate in the US is a big plus for the country. Think about it, real estate is one of the few things that can never be exported. When foreigners buy in the US, they're divesting money from other possible expenditures in their home country to be invested for a long time in America. This in turn improves the value of real estate, generates jobs on const…

If outside buying of real-estate isn't controlled, then you can get into the situation where locals and citizens cannot afford to buy property because its driven up by outside investors, especially ones who buy using large sums of cash.

It is true that it creates jobs and and local fees but ultimately the local populace should be able to afford houses. This situation becomes worse in areas where there is no new housing being built.

Re: China’s Market Rout Is a Double Threat

#75

Post by socceroos »

dear wrote: post #67
socceroos wrote: post #64

Earlier quoted context omitted.

Yes, and no. Yes in that a superpower does bend the rules to suit themselves. No in that a superpower is suddenly held to a higher standard than the rest of the world. You'd need to resort to expansionism if you wanted to continue the way that China is right now.

Which superpower is being held to a higher standard right now?

USA. Whether or not they're living up to it is another thing altogether though.

Re: China’s Market Rout Is a Double Threat

#76

Post by repsilat »

nkozyra wrote: post #53
sharetea wrote: post #2

China is in deep trouble; it has a total debt to GDP ratio of 282%, the highest compared to the other big gdp countries. ( http://bloom.bg/1evYSQ5 ). The housing bubble has already burst in the 3rd and 2nd tier cities in China, and the 1st tier cities are close to bursting. And the shanghai stock market is close to retracing back to 2000, since the current stock market has a p/e ratio that's 41% higher than that of U…

Why do people continue to use aggregate debt (including domestic bond debt and outstanding liabilities) to present GDP ratio as though it is a meaningful harbinger? Any non-superficial analysis of what that entails and means should show you this is - while not entirely irrelevant - mostly meaningless as an indicator of economic health.

> mostly meaningless

Well, you have to know at what interest rate the country borrows, and have an idea about the country's deficit and rate of GDP growth to know how sustainable the debt is, I suppose, but it's a pretty important number nevertheless...

Re: China’s Market Rout Is a Double Threat

#77

Post by sneak »

vikiomega9 wrote: post #40
sneak wrote: post #32

Earlier quoted context omitted.

"A foreigner". Why do you care where they were born? If where someone was born is so important to you, why not extend it down to the state level and only let people buy in the state in which they are issued papers from? This is indeed thinly veiled nationalism/racism. In a properly functioning society, you should have no real idea how the domestic money was obtained, either. It's none of your business as a seller.

Is nationalism a bad thing? (Required reading is much appreciated.)

While citizenship is conferred primarily based on where one was born (a fact that has little or nothing to do with a person's capabilities, ideas, loyalties, or qualifications) it is in almost all cases serving as a thin veil over institutionalized racism.

Re: China’s Market Rout Is a Double Threat

#78

Post by powerapple »

WoodenChair wrote: post #31
sharetea wrote: post #2

China is in deep trouble; it has a total debt to GDP ratio of 282%, the highest compared to the other big gdp countries. ( http://bloom.bg/1evYSQ5 ). The housing bubble has already burst in the 3rd and 2nd tier cities in China, and the 1st tier cities are close to bursting. And the shanghai stock market is close to retracing back to 2000, since the current stock market has a p/e ratio that's 41% higher than that of U…

There's a lot of hyperbole in this post. The graph you link to of debt-to-GDP is actually very similar in China (282), South Korea (286), Australia (274), USA (269), Germany (258), and Canada (247). And for the record, South Korea's is higher than China's according to that graph. China's is more heavily weighted in "non-financial corporate" which is interesting. And the shanghai stock market is not "close to retracin…

but yeah, a bunch of dictators

Re: China’s Market Rout Is a Double Threat

#79

Post by vikiomega9 »

sneak wrote: post #77
vikiomega9 wrote: post #40

Earlier quoted context omitted.

Is nationalism a bad thing? (Required reading is much appreciated.)

While citizenship is conferred primarily based on where one was born (a fact that has little or nothing to do with a person's capabilities, ideas, loyalties, or qualifications) it is in almost all cases serving as a thin veil over institutionalized racism.

I don't think a persons capabilities, ideas, loyalties or qualifications are innate to ones birth either. I don't understand how it serves to institutionalize racism, could you please explain?

Re: China’s Market Rout Is a Double Threat

#80

Post by ionised »

vikiomega9 wrote: post #40
sneak wrote: post #32

Earlier quoted context omitted.

"A foreigner". Why do you care where they were born? If where someone was born is so important to you, why not extend it down to the state level and only let people buy in the state in which they are issued papers from? This is indeed thinly veiled nationalism/racism. In a properly functioning society, you should have no real idea how the domestic money was obtained, either. It's none of your business as a seller.

Is nationalism a bad thing? (Required reading is much appreciated.)

“Nationalism does nothing but teach you to hate people you never met, and to take pride in accomplishments you had no part in.” - Doug Stanhope
Post reply on HN