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CHINA economy affecting world markets
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PostPosted: Fri Jan 24, 2014 8:29 am    Post subject: CHINA economy affecting world markets  Reply with quote


Exclamation  BANK RUN in CHINA     Exclamation
January 24, 2014  China Bank Run Beginning?
Farmers Co-Op Unable to Pay Depositors
While most of the attention in the Chinese shadow banking system is focused on the Credit Equals Gold #1 Trust's default, as we first brought to investors' attention here, and the PBOC has thrown nearly CNY 400 billion at the market in the last few days, there appears to be a bigger problem brewing. As China's CNR reports, depositors in some of Yancheng City's largest farmers' co-operative mutual fund societies ("banks") have been unable to withdraw "hundreds of millions" in deposits in the last few weeks.
"Everyone wants to borrow and no one wants to save," warned one 'salesperson',
"and loan repayments are difficult to recover." There is "no money" and the doors are locked.
The locked doors of one farmers' co-op

LIBOR GOLD, Bank scandals, suicides

Bankers suicides - or assassinations?


Nations will be in anguish and perplexity

BRICS, AIIB, Silk Road, Asia banking

DAILY NEWS with prophetic analysis    


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PostPosted: Fri Jan 24, 2014 8:38 am    Post subject: Reply with quote

Two of China's Biggest Banks Have Stopped Lending at Some of their Branches
Branches of Bank of China and the Industrial and Commercial Bank of China (ICBC) have stopped lending amid the country's current liquidity squeeze, according to Caixin Online.
The two banks, are part of the country's Big Four. Bank of China was reportedly having a hard time meeting loan-to-deposit requirements before the liquidity squeeze and it plans to resume lending on July 15.

Meanwhile, ICBC's headquarters set a cap on lending, but what was unusual was that "headquarters had cut down on the quotas to make room for its own operations," according to Caixin. Other sources however said this wasn't a major problem.
Chinese interbank rates, or the rates at which banks lend to each other, began spiking before the Dragon Boat festival earlier this month.

The People's Bank of China alleviated some of the pressure by injecting liquidity into some banks and saying that it would use various tools like short-term liquidity operations to help stabilize rates.
But it's important to remember that the "PBOC promised more liquidity but not enough to support the equity markets or enough to drop rates below 4%," according to Robert Savage at FX Concepts.

China Default
Jan. 20
Will China economy Default January 31?  The Shanghai Composite
is tumbling to six month lows.  It appears the cause is mainly a corrupt Chinese coal company that
has subsequently gone into liquidation.  ICBC acted as a custodian and was marketing the fund
to their private banking clients. ICBC will not reimburse the investors if the product defaults.
The product is scheduled to mature on January 31, 2014.
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PostPosted: Fri Jan 24, 2014 8:45 am    Post subject: Reply with quote

Report links Chinese elite to offshore tax havens
Jan 24, 2014
Report links Xi's family, other Chinese political, business to offshore tax havens
Close relatives of China's top leaders have held secretive offshore companies in tax havens that helped shroud the communist elite's wealth," the group said.
Chinese authorities moved quickly to block the country's public from seeing Wednesday's report.

Economist Nouriel Roubini, renowned for his foretelling of doom and gloom in financial markets, has cast his doubts on China's ability to reform its economy adding that te possibility of a hard landing is yet to be ruled out.
Roubini, the co-founder of Roubini Global Economics, speaking at an event at the World Economic in Davos, said that the economy is too reliant on fixed income investment and the country had imbalances between the quantity and quality of its growth. He said that poor air quality and safety issues in China were examples of how it has failed to grow in an adequate manner.
"I worry that this is going to be a gradual process and China is not going to rebalance fast enough, compared to what is desirable and optimal, and therefore the risk of a potential hard landing have not been totally, actually cleared yet," he said.

China shadow-banking a growing problem
Experts are warning China's surging economy could be derailed by a debt crisis arising from it reliance on the so-called shadow-banking sector.
China's big banks have strict lending requirements and give preference to large state-owned enterprises, forcing many companies and even government entities to look elsewhere for loans.

Inevitably they turn to the shadow-banking sector.
There are no exact figures but the sector is estimated at being the equivalent of 40 per cent of China's gross domestic product (GDP).
"Shadow banking is the financial activity that exists outside the formal banking sector," said Michael Pettis, a former Wall Street banker who now works for Peking University.
"So it includes things like wealth-management products, it includes pawn shops, it includes a wide variety of things - but basically it's the non-regulated part of the banking sector."
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PostPosted: Sun Jan 26, 2014 6:50 am    Post subject: Reply with quote

Dow had the worst week since 2011
U.S. stocks could be set for another sell off next week
Jan 25, 2014
 Dow falls 300-plus points Friday after falling over 100 on Thursday.
The economic slowdown in China added to concerns on Friday that emerging markets, particularly those with large current account deficits, may struggle to support their currencies this year.


China investing Billions in Israel
January, 2014
 China is investing billions of dollars in Israel.
China and Israel have been collaborating for years in cross border trade and has had good diplomatic relations.
Around 2010 China encouraged investments in high tech, biotech and agritech, all fields in which Israel has outstanding technology.
Shanghai hosted the World Expo 2010, the first time Israel had its own pavilion there.

HSBC imposes restrictions on large cash withdrawals
Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it.

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PostPosted: Sun Jan 26, 2014 3:57 pm    Post subject: Reply with quote

$23 trillion credit bubble in China is starting to collapse – global financial crisis next?
January 25, 2014 – CHINA – Did you know that financial institutions all over the world are warning that we could see a “mega default” on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in “sky-high interest rates” and “a precipitous plunge in credit.” In other words, it could be a “Lehman Brothers moment” for Asia. And since the global financial system is more interconnected today than ever before, that would be very bad news for the United States as well. Since Lehman Brothers collapsed in 2008, the level of private domestic credit in China has risen from $9 trillion to an astounding $23 trillion. That is an increase of $14 trillion in just a little bit more than 5 years. Much of that “hot money” has flowed into stocks, bonds and real estate in the United States. So what do you think is going to happen when that bubble collapses? The bubble of private debt that we have seen inflate in China since the Lehman crisis is unlike anything that the world has ever seen. Never before has so much private debt been accumulated in such a short period of time. All of this debt has helped fuel tremendous economic growth in China, but now a whole bunch of Chinese companies are realizing that they have gotten in way, way over their heads. In fact, it is being projected that Chinese companies will pay out the equivalent of approximately a trillion dollars in interest payments this year alone. That is more than twice the amount that the U.S. government will pay in interest in 2014.

Over the past several years, the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have all been criticized for creating too much money. But the truth is that what has been happening in China surpasses all of their efforts combined. You can see an incredible chart which graphically illustrates this point right here. As the Telegraph pointed out a while back, the Chinese have essentially “replicated the entire U.S. commercial banking system” in just five years… Overall credit has jumped from $9 trillion to $23 trillion since the Lehman crisis. “They have replicated the entire U.S. commercial banking system in five years,” she said. The ratio of credit to GDP has jumped by 75 percentage points to 200pc of GDP, compared to roughly 40 points in the US over five years leading up to the subprime bubble, or in Japan before the Nikkei bubble burst in 1990. “This is beyond anything we have ever seen before in a large economy. We don’t know how this will play out. The next six months will be crucial,” she said. Forbes warned: “A WMP default, whether relating to Liansheng or Zhenfu, could devastate the Chinese banking system and the larger economy as well. In short, China’s growth since the end of 2008 has been dependent on ultra-loose credit first channeled through state banks, like ICBC and Construction Bank, and then through the WMPs, which permitted the state banks to avoid credit risk. Any disruption in the flow of cash from investors to dodgy borrowers through WMPs would rock China with sky-high interest rates or a precipitous plunge in credit, probably both. The result? The best outcome would be decades of misery, what we saw in Japan after its bubble burst in the early 1990s.”

China will blame USA - and we are NOT guiltless!  They will come.  Duduman vision.
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PostPosted: Sat Aug 01, 2015 8:46 am    Post subject: Reply with quote

Chinese stocks fall, investor panic grows
June 30, 2015
-  Shanghai and Shenzhen indices lose £1.6trn in paper value in just 17 days
China’s stocks turned into a bear market on Monday, as frenzied selling continued despite the Beijing central bank slashing interest rates at the weekend in order to calm investor nerves.

China more worrisome than Greece
July 8, 2015
-  The really worrying financial crisis is happening in China, not Greece.
China looks like it is heading for its version of the 1929 stock market crash.
Its being called China’s 1929 – the start of the economic catastrophe of the Great Depression.
940 companies have suspended trading on China’s two main indices.

China’s Stocks Plunge
July 8, 2015
-  China’s Shanghai Composite Index fell to a 3 month low.
The dramatic sell-off in China's main stock market has continued despite efforts by regulators to try to stem the losses.  The Shanghai Composite index plunged 8% on opening, taking the drop in share values to 30% since their June peak.  CIRC admitted there is genuine panic selling.

How much is related to Greece failure?

Chinese Stock Market
July 8, 2015
-  A real estate bubble behind the Chinese stock selloff.
After rising, the Chinese stock market has been in a sharp correction, Shanghai Composite Index losing close to 25% in 3 weeks!
Some blame margin calls, short sellers and failure to make the transformation from an export and investment driven economy to a consumer driven economy.

China government seeks to preserve the old system of central planning, through massive construction and manufacturing projects for the purpose of employment creation rather than for addressing genuine consumer needs. Major Chinese cities are crowded  with growing numbers of new vacant buildings.

China’s real estate bubble is multiplying like an infectious disease and affects other sectors of the economy.  Government bureaucrats obsessed with infrastructure resulting in too many steel companies, too many electronics companies, and too many toy companies, created for the purpose of providing to excess labor rather than genuine products to serve real consumer needs.

China’s bubbles are financed by state-owned banks and investment trust companies, which operate as government departments promoting the welfare of the people rather than true banks operating in a market system.

China Stock Market Crash
July 9, 2015
-  China’s Stock Market Crash, NYSE Trading Halted!
On the heels of a continued collapse in China's stock markets, King World News warned that China's stock market crash has rattled confidence across the globe, even leading to a trading halt on the New York Stock Exchange.

Chinese Stock Market In Free-Fall

There is proof China was cyber attacking USA heavily on July 8

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PostPosted: Sat Aug 01, 2015 8:46 am    Post subject: Reply with quote

China shares fall
July 27, 2015
-  Shares in mainland China have recorded their biggest one-day fall in 8 years following a sell-off towards the end of the trading day.  The Shanghai Composite closed down.  7 years ago, China was about 11% of global GDP by purchasing power parity. Now it is closer to 17%.  And Chinese retail investors are more numerous now, so there are more people with a stake to lose, but still only 50 million of them in a very big country.

Stocks down amid China, commodity slide
U.S. stocks traded lower on Monday as the continued decline in commodities and an overnight plunge in Shanghai stocks.

China crash is a canary in coal mine
July 27, 2015
-  China's main stock index recently plummeted 30%, the government imposed restrictions to stem the fall, including a ban on new initial public offerings.  There are now no safe places to invest and the environment looks riskier.

July 27, 2015
-  Gold marked 10th straight day of losses in the longest losing streak in 20 years.
And some traders say the collapse isn't over, yet.
Worldwide demand for gold coins, gold bars down 17% this year.
So you're not getting the buyers even though the price is going lower.
Gold watchers say one need only to look at the USdollar to find the reason for gold's decline.

China shares continue to slide
July 28, 2015
-  DO pay attention, it DOES matter!  This is a Shemitah year!
Shares in mainland China continued their slide following a massive sell-off.
China has tried to calm investors by reassuring it will implement prudent monetary policy to stabilise markets.  Elsewhere in Asia, stocks traded mixed.

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PostPosted: Tue Aug 11, 2015 7:07 am    Post subject: Reply with quote

China Yuan devaluation rattles markets
August 11, 2015
-  China devalued the yuan by the most in 20 years, a move that rippled through global markets as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.  The central bank cut its daily reference rate by 1.9 percent, triggering the yuan’s biggest one-day drop since  1994. The People’s Bank of China called the change a one-time adjustment and said its fixing will become more aligned with supply and demand.

Authorities had been propping up the yuan to deter capital outflows, protect foreign-currency borrowers and make a case for official reserve status at the International Monetary Fund.
The devaluation jolted global markets, with the currencies of South Korea, Australia and Singapore falling.
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PostPosted: Wed Aug 12, 2015 6:31 am    Post subject: Reply with quote

China yuan currency down - AGAIN
August 12, 2015
-  China Central Bank cut the guiding rate for the national currency, the yuan, a day after a near 2% devaluation, sending more shockwaves through Asian markets.  The action on the yuan has sparked fears of a global and destabilising currency war.  USA markets fell sharply overnight.
AND the Shemitah curse is global - and September 13th.

Shemitah curse
Is China standing at the Gate of Hell?
One month to go til we know.  I'm NOT predicting, just WATCHING.
Some claim the biblical tribulation may begin this fall.

Michael Savage said this is a VERY BIG STORY.  
He's also looking at Shemitah.

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