Daily commentary about China by TIME correspondents.

Heads Up: Gloom

Here's the story I mentioned below, which did indeed come out fairly gloomy.  They don't call economics the dismal science for nothing.

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  • 1

    ---"Even the stock market has clawed back 25% in the last few months"?
    Wrong and misleading, if not purposeful disinforming.
    Chinese stock market bottomed out from 1664 to above 2500 this morning. It's about exactly a 50% up.
    There are hundreds of comments with different views about China's economy. But shall we listen to a low IQ who even dossnt know how to count, even with the help of his fingers?
    The answer is definitely a NO.

  • 2

    TIME should have know by now that Chinese do not believe any bad news about China. TIME and all western media must report any news about China with only the good side of the story, never mention anything negative. TIME should have mention only Chinese statistics on periods when they are going up, not down. If it been down for the last 10 years, and when up last month, just say what it did last month and never say anything the period when it is down. Western media should learn how to report indicators about China just like the Chinese media.

  • 3

    On the brighter side of things, Chinese studied in Japan returned to China as a professor!!! http://tinyurl.com/dcz9zj

    See, I don't have to mention anything negative about this story. Just the positive. It can be done !!!

  • 4

    Where can you still find a better bank than these world top-3?
    From newly issued 2008 yearly report you can see their profit:
    China Industry and Commerce Bank 35%,
    China Construction Bank 34%,
    Bank of China 24%.
    While only Industry and Commerce Bank was cheated by USA subprime shiet which drove Citibank to a 95% down, but it takes only 0.13% of its total asset.
    Smart guys should buy their stock at a P/E 12% instead of getting its interest.
    But country boy "conscienceinchina" has nopthing to do with it, as he, already considering himself as American redneck, look in anger and hate with clenched teeth anything Chinese.

  • 5

    Mr. Simon Elegant:
    Heads Up: Gloom >Posted by selegant
    Was Selegant your nickname?
    Anyway, I would suggest you to start talking about the possibility of sudden death of Kim and how China should do to stabilize that country giving the fact that South Korea had refused to shoulder the burden of salvaging North Korea. Laohong and JohnSmith are boring me to death. The picture shown on CNN yesterday, proves without any doubt that Kim is seriously ill. His eldest son had said publicly that he would not take over the job. Given the problems North Korea is facing, who can blame him.

  • 6

    Now we know who are the biggest blood suckers of the banking world. And these are bankers and they suppose to know what they are doing. Financing some sure looser like US banks is just bad decisions, like the subprime loans the American banks were handing out.

    P/E of 12%, that is 0.12 ? Great ! Where do I sign up ? But knowing what "E" with Chinese characteristics, I won't.

    If you don't know the meaning of P/E, don't do it.

    And isn't NK a Chinese problem ? The US should leave Chinese to deal with their nuke in the backyard problem. China is a grown up now, or at least we thought so, and can deal with their own little brother. May be not...

  • 7

    I do not think China can move into North Korea to solve the problem on her own without understanding from South Korea unless you do not know how nationalistic Koreans are. They make nationalism in China looks like a little brother. Just take a look at Koreans website and you will understand. Another big brother in this field is India. A lot of them think they can take over the whole world within 20 years.

  • 8

    I always suspected there are black hands behind the Somali pirates.
    Today, there are hundreds of messages around messages board condemning the killing of Somali teenagers not pirates. They called it a violation of human right. I will bet you a dollar for a donut that those are Somali living oversea, benefiting most from the piracy.

  • 9

    To Johnsmith,
    Guess who is the "white delousing beggar" in my post to sweet "Conscienceinchina"? lol!
    ---As you are born in pigsty and made for something big why don't sell out all your piggies and borrow RMB100,000 to pay for a seat in trafficking ship to US Reich whose history is as long as an old public toilet near Beijing Drum Tower rather than to easily get a passport for a tiny RMB 100 because being in the sinking barge and vomiting like a pregnant wh*re can qualify you a green card as Americans believe only political refugee will risk their lives to see the Statue of MickieMouse. Then after printing your 9-finger hands at US border you can lobby with clenched teeth and trembling body to step-father-looking neo-con in Washington to cut diplomatic relationship with CCP-ruled China and get more hugs and kisses than the rapist Harry Wu because he who sleeps in a basement garage in Pennsylvania Str. has only enough guts to call on a boycott of made-in-China stuffs. Until one sunny morning when you decide it's right day to die because of hunger at night which just reminds you of the bitter old China days a white delousing beggar from god knows which country who co-exists with one-foot long mice in sewage spots you before you jump into a fall near Buffalo. After weeping like babies in each others bony arms and cursing the lousy fate together and his swearing to God never to screw you at day-time in a 20-feet office you two poor souls form a 50-50 equity joint-venture named Brokeback-in-Exile LTD to cheat in Greenspan style the brainwashed Evangelic grannies who sure turn tearful whenever watching TVs and the topless macho track-drivers who cannot write their names but hate commie like you, for freedom donations with which your acne-covered face becomes a 10kg Wiener Schnitzel while your shyness and inferiority are gone so completely that you call your dad left behind in village and tell him to listen when big guy talks and blow up that your American Dream has finally come true since you are now as equally rich as the naughty boy next door whose Bush-monkey-style weird smile is always on your narrow mind only because he owns a second-hand 800cc little QQ car!

  • 10

    The five-jiao "laohong":

    Your halitosis is a part of the Chinese characteristic socialism. But the more you act shamelessly, the less your lies spread. Will your "harmonized society" be blown out from your smelly mouth?

  • 11

    To dunklerlord in case you cannot read it in other post:

    It's not true many foreigners working underground in China are “from poor or authoritarian countries ..like North Korea”. In Beijing's 2 Koreans villages, Wanjing and Wudaokou, there are about 85,000 Southern Koreans, about 0.2% its population, living and mostly working underground, for money.
    From very beginning you wanted to prove a country to be bad by how many of its citizens left, which is nonsense. If “freedom loving” South Korean can live in China for getting richer, why cannot a Chinese go for gangland USA or foreigner-hating Germany for the same reason? You are even deadly wrong that all legal or illegal immigrant to west are politicals, though it's OK you can help digest the shipload of most ignorant Chinese peasant population. The argument that Chinese left China is for political reason while foreigners left their countries is for money is Ungermanly illogical and doesn't hold water. It's economy, stupid!
    Of course I well understand why you believe so, since your media spoonfeed you all your life that communist's prison is all full of dissidents while gangland west enjoy the lowerest crime rate. For this, I have no problem keeping you westerner in dark, since, as you might foolishly fail to realize, Chinese is the one who seldom complain the mistreatment and seldom explain the misunderstanding. If you tell me, Hitler is from Italy, I'll never argue with you. Period.

    « Previous 1 2

  • 12

    To Johnsmith,
    Sorry to wrongly wrote P/E15 as P/E15%.
    But your sour grape on top-3 banks is obvious. I think jealousy is kind of illness which will, apart from your own bitterness, bring you more bitterness from other's happiness.
    Oh, boy, how can your back carry that much weight which sure is growing in coming decades, you poor camel.

  • 13

    Look the typical five-jiao-style tone:

    “Where can you still find a better bank than these world top-3?
    From newly issued 2008 yearly report you can see their profit:
    China Industry and Commerce Bank 35%,
    China Construction Bank 34%,
    Bank of China 24%....”(from the “laohong”)

    ---The profits should have been much higher than current ones if there were fewer worms in Chinese banking system. The windfall profits come from the state-monopolized management, particularly from the enormous gap of interest rate between saving and loan. Other monopolistic industries, such as electric power, telecom, mobile, petroleum, tobacco, coloured metal, airways, etc., snatch the same large profits. Almost all the monopolistic industries are controlled by Chinese “prince party(太子党)”, the offsprings of the CCP top brass. Can you find a clean official from such sectors? No! they are taking “legal” incomes that are many times more than the others, at the same time plundering, stealing, seizing, carving up whatever they can get. Here's a list of a small piece of the corrupt officials in Chinese banking system released by the CCP authorities. We can see some of them are even the toppest chiefs from China's hugest banking headquarters! And the sums they looted can stick to hundreds of million US dollars! And that anyone may has reason to believe that's just the tip of the iceberg.

    中国2000年来银行业部分巨贪一览

    (涉案金额百万元以上)

    涉案金额(参考)

    广东省开平市中国银行行长 余振东4.85亿美元

    中国银行黑龙江分行哈尔滨河松街支行行长 高山 6亿元

    中国建行(总行) 董事长 张恩照 400万元

    中国银行(总行)副行长 赵安歌579万

    中国银行(总行)副董事长 刘金宝 3000万元

    中国建行(总行) 行长 王雪冰115万

    光大集团董事长朱小华405.9万

    中国工商银行信托投资公司业务员 宋丈艾 1.05 亿元

    工商银行重庆九龙坡支行会计 陈新 4000多万元

    广东省中国银行(分行)行长黄荫初1900万

    广东省工商银行(分行)副行长叶家声110万

    广东省广州市农业银行主管林仲乾116万

    广东省深圳市建设银行主任江伟亮900万

    广东省深圳市工商银行行长梁福超312万

    广东省深圳市交通银行行长余汉华1680万

    广东省从化市建设银行会计员刘建培212万

    广东省韶关市发展银行行长官有仁2176元

    广东省茂名市农业银行出纳员车驾海113万

    广东省佛山市建设银行行长张佰森180万

    广东省增城市发展银行行长林徐桂1170 万

    广东省南海市中国银行信贷员谢炳峰5025万

    广东省云浮市人民银行行长曾宪龙166万

    广东省湛江市中国银行行长范绍润3210万

    广东省顺德市中国银行行长何联升1332万

    广东省恩平市建设银行行长侯春幸不祥

    广东省珠海市中国银行组长梁世汉579万

    河南省郑州市建设银行科长王利明2800万

    河南省郑州市交通银行主任宋红毅1200万

    河南省商丘市建设银行科长黄 凯7348元

    河南省汤阴县农业银行行长杨文平105万

    河南省方城县农业银行行长高合安10000万(1亿)

    河南省偃师市建设银行副行长孙清甫1100万

    陕西省西安市中国银行所长武勤学400万

    陕西省西安市商业银行副行长罗 平749万

    陕西省渭南市建设银行主任李寅生1467万

    四川省成都市农业银行会计黄友香700万

    四川省达州市建设银行副主任肖洪波413万

    四川省宜宾市农业银行会计邹 伟2890万

    四川省大竹县建设银行行长杨情德315万

    浙江省义乌市建设银行经理刘伟峰2560万

    浙江省宁波市交通银行职员方 勇141万

    浙江省嵊泗县人民银行行长严访宇339万

    安徽省中国银行(分行)行长吴福五不祥

    安徽省六安市中国银行职员王 鲲100万

    江苏省睢宁市人民银行行长钱 勇不详

    湖南省邵阳市工商银行所长杨坤坚598万

    湖南省益阳市中国银行行长朱国勋不祥

    黑龙江哈尔滨中国银行行长高 山6亿

    黑龙江阿城市工商银行出纳员叶建发250万

    黑龙江哈尔滨农业银行副行长邵福龙924万

    湖北省咸宁市工商银行职员张 源2500万

    湖北省江岸区中国银行职员苏 丹1080万

    云南省工商银行(分行)行长李忠平向省长李嘉廷行贿

    云南省永平县人民银行股长戴正军336万

    云南省江川县农业银行副主任普跃斌419万

    河北省西安市建设银行主任周利民48000万(4.8亿)

    河北省沧州市人民银行行长杜树勇不祥

    辽宁省葫芦岛工商银行副行长李忠凯286万

    辽宁省沈阳市中国银行副行长程志威不祥

    辽宁省东港市农业银行行长战世东120万

    广西桂林市农业银行会计李 仁376万

    广西钟山县中国银行行长蔡 军不祥

    广西玉林市农业银行行长梁用浩243万

    山东省中国银行(分行)处长杨锡轩118万

    山东省农业银行(分行)副行长潘广田157万

    福建省邵武市建设银行副行长陈美珍500万

    福建省福州市建设银行副行长郑小琴不祥

    海南省海口市工商银行会计薛根和3344万

    宁夏青铜峡建设银行库管员李少军268万

    贵州省农业银行(分行)党委副书记江 力不祥

    青海省西宁市人民银行干部陈志清1549万

    甘肃省酒泉市建设银行行长王胜元在审

    西藏拉萨市农业银行副主任米玛次仁194万

    北京市农业银行崇文经理赵家军不祥

    北京市商业银行中关村行长霍海音7000万

    北京市商业银行前门东副行长曾聿敬2500万

    北京市工商银行亚运村副行长刘 利1300万

    上海市中国银行分行副行长王 政不祥

    重庆市工商银行九龙坡会计陈 新4000万

    调查不包括我国香港、台湾、澳门地区

    资料提供:最高人民检察院职务犯罪预防厅、厦门市思明区人民检查院、安徽淮南市检察院、法制日报社

    作者:周 阳

  • 14

    conscienceinchina the country boy,

    The greatest is always America you loyally admired more than Americans. Compared with Bernard Madoff and his $50Billion fraud, these Chinese bankers combined are still peanuts. It's understandable that you blame all these corruptions to CCP, considering you were once screwed by the party secretary in your village. But thinking democracy can help in dealing with this just prove your ignorance.
    Historically Democracy gave power to British to launch Opium War and voted in Hitler to power and Japan to invade China. Recently Democracy gave Bush 8 years ruling time to your lover Johnsmith into a brainwashed idi*t who are willing to be bugged and Chen Shuibian a plane to transfer his harvest.
    You are too dense to know the Corruption is, in category of politics, not a communist thing; in category of country, not a China thing; in category of ranks, not an officials thing; in category of race, not a “yellow man” thing which is biting you day and nite.
    If this advice can still not help your nano-head, you can go the Jinggangshan Mountain to have your own real Communist Red Army to liberate your uncorrupted peasants brothers and topple the godamnedf*ckin CCP which you threaten with violence revolution many times. Long march starts not only from first step but also from yourself. I can guarantee you a 1% probability of triumph, only with aid of US arms air-drop, but I cannot guarantee you would not become corrupted once in power.
    If so, just forget it and swallow the fat and go pick up cotton!

  • 15

    The five-jiao “laohong”:

    Now I don't need to debunk your low-IQ lies, as you have done it. You are a best representative and type of this notorious gang, Wumao(五毛党), who have mixed all the dirtiness into their brain and body. Publicly I am fighting your species group, due to that you ruffians have severely damaged the repute of ordinary Chinese, and your rogue-style words are the best negative teaching materials. So, keep working hard, comrade “laohong”!

    Attached:

    Five-jiao party, Wumao(五毛党), the CCP-hired internet commentators flooding on the cyberspace, the unique work that can only be found in China, whose major jobs are flattering and blarneying for the autocracy, cheating and misguiding for the people, attacking and vilifying for the bravers and malcontents, are said to be paid five jiao (half yuan RMB) for each their comment.

  • 16

    conscienceinchina,
    I am taking the risk being added to your long black list but I simply cannot stand aside and hear your repeatedly calling everyone pro-China as a "five-Jiao Party" that you apparantly invented. Ironically you seems a Chinese, so terribly furious to your own country and so boring that I begin to doubt whether your dumb-head was squeezed when you were born.
    Now you can call me as a "five-Jiao", but who gives you a ratass?

  • 17

    lange: You are trying to talk to conscienceinchina? Bloody hell, you are an optimist!

  • 18

    conscienceinchina, a typical Falun Gong practitioner.
    What else can you say?

  • 19

    To the “lange123”:

    1. “I am taking the risk being added to your long black list but I simply cannot stand aside”(the “lange123 says”)

    --- First of all, from these words above, we can simply know you are a frequenter wearing a new waistcoat.
    welcome to the “red list” published by “the Propaganda Department of the CPC Central Committee”! You surely “cannot stand aside” because that's your task and hand-to-mouth way of life. Don't worry, be relaxed a bit!

    2. “and hear your repeatedly calling everyone pro-China as a ‘five-Jiao Party'”(the lange123 says)
    --- You are replacing concepts covertly(偷换概念) once again just as your fellows doing. Your vile trick is: pro-CCP= pro-China, so anti-CCP=anti-China, and then wear others a tall paper-hat “anti-China/Chinese force/element(反华势力/分子)”, attacking, smearing and rumormongering.

    3. “you apparantly invented (the title five-jiao party)”(the “lange123” says)
    --- You are “saying blind words while opening your eyes” (睁眼说瞎话). Search it by Google or your “Baidu”, then stay to wait for the torrential spit that will drown your gang.

    4. “so terribly furious to your own country”(the “lange123 says”)
    --- Correction: “so terrible furious” to the notorious tyranny and their jackals.

    5. “I begin to doubt whether your dumb-head was squeezed when you were born”(the “lange123” says)
    --- You couldn't help to show your hoof. The ruffian-style halitosis is your gang's brand.

    At last, thanks for offering me a chance to give a lesson “how to distinguish a Wumao?”. Keep working! See you sooner.

    ------------------------------------------

    Attached:

    (lange123 Says:
    Friday, April 17, 2009 at 5:28 am
    conscienceinchina,
    I am taking the risk being added to your long black list but I simply cannot stand aside and hear your repeatedly calling everyone pro-China as a "five-Jiao Party" that you apparantly invented. Ironically you seems a Chinese, so terribly furious to your own country and so boring that I begin to doubt whether your dumb-head was squeezed when you were born.
    Now you can call me as a "five-Jiao", but who gives you a ratass?)

  • 20

    To the "Canadian-pensioner-five-jiao" "sing666":

    I'll neglect you once again until you can spit a human words!

  • 21

    所有的中国人,不管你是什么背景,什么理念,什么信仰,不要再彼此恶言相向。本是同根生,相煎何太急。大家应该就事论事,摆事实讲道理。无休止的嘲讽与谩骂没有任何意义,也很没意思,我感到有些厌倦了。

  • 22

    eastbreeze,
    A dog at home is perhaps more dangerous than a wolf in the field.
    Sorry, I may have insulted the dogs by comparing them to the none-senses.

  • 23

    conscienceinchina: Read this article from Washington Post. It seems people in China think that they should go back to Mao's era to solve the problems China is facing today, and not the corrupted Western oriented democracy. Wow. You seem to be the one and only one. Long live Chairman Mao is on his way back. Falun Gong is a goner in China.
    http://www.washingtonpost.com/wp-dyn/content/article/2009/04/18/AR2009041801939_2.html?hpid=moreheadlines

  • 24

    eastbreeze Says:
    Friday, April 17, 2009 at 12:49 pm
    所有的中国人,不管你是什么背景,什么理念,什么信仰,不要再彼此恶言相向。本是同根生,相煎何太急。大家应该就事论事,摆事实讲道理。无休止的嘲讽与谩骂没有任何意义,也很没意思,我感到有些厌倦了。
    ------------------------------------------

    eastbreeze Says:
    Wednesday, March 25, 2009 at 9:48 am
    Sergi Vicente, Beijing correspondent from Televisio de Catalunya, has been to Tibet and Qinghai. He believed that great progress has been made in Tibet and the Chinese government "has invested a lot and tried to make people happy."

    "Many people in the West have never been to Tibet but they say things such as, that Tibetan culture is disappearing or the Tibetan language is forbidden. I am disappointed about this kind of ignorance," he said.
    ----------------------------------------------
    eastbreeze Says:
    Wednesday, March 25, 2009 at 10:32 am
    Tibet is free already, free for the ordinary hardworking Tibetan people. The descendants of the former slaveowners who advocate for theocracy, slavery, superstition and inhuman punishments like skinning deserve no freedom.
    ----------------------------------------------
    eastbreeze Says:
    Wednesday, March 25, 2009 at 12:36 pm
    Chinatoon
    Can you do anything more than lying and barking?
    -------------------------------------------------
    eastbreeze Says:
    Wednesday, March 25, 2009 at 12:58 pm
    Chinatoon
    All you have said only showed the world how ill-bred you are. You are not qualified to align yourself with my Tibetan brothers and sisters, they are tolerant and peaceloving, because they believes in Buddism. You are just too rude to be an advocate of Buddhists.
    -----------------------------------------------
    eastbreeze Says:
    Thursday, March 26, 2009 at 9:08 am
    Chinatoon

    You need to go to see a doctor. Why are you so crazy? Our Tibetan brothers and sisters are living happily in Tibet, they have houses, lands and the freedom to pray. What's wrong with you?

    http://china.blogs.time.com/2009/03/25/why-chinas-block-on-youtube-is-backfiring/?apage=2#comments

  • 25

    eastbreeze Says:
    Tuesday, April 14, 2009 at 5:02 am
    Democracy is a good thing provided (a)it doesn't destroy the security and stability of the country; (b)it doesn't divide the people; (c)it doesn't decelerate or disrupt the process of development. But, nobody can guarantee. If things can get so ugly in Thailand, then perhaps it's more likely to be so in China which is twenty times bigger. So I guess maybe it's more advisable to stick to the 'socialism with Chinese characteristics' for the time being. People should mainly focus on details rather than simply chant 'democracy'. The guy who posted on internet a picture of the so-called '天价烟局长' really did a great job. By doing so, he not only got the corrupt official sacked but also contributed a lot to people's awareness of corruption and put great pressure on ccp. This kind of person is our role model. The more aware people are of corruption and injustice and the more pressure ccp is facing, the more likely it is for ccp to adjust and reform, it has to, because the pressure is from people and ccp members are also from people.

    http://china.blogs.time.com/2009/04/09/gloom-dr-doom-and-maybe-no-more-boom/#comments

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