Chinese State-Owned Shipbuilder Goes Bankrupt as Industry Slows

Discussion in 'General Trading Discussion' started by baudwalk, Jan 3, 2016.

  1. baudwalk

    baudwalk Senior Investor

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    http://english.caixin.com/2015-12-31/100895039.html
    ...
    Interesting news that exemplifies a global economy in trouble. If the yuan is in difficulty as it enters the basket of currencies, what will the FOMC do in pondering another rate rise? It was China that gave Yellen and company pause last September, pushing the 25 basis points hike off to December. China is trying to shift to a consumer economy. Time will tell.
     
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  2. Corzhens

    Corzhens Senior Investor

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    A global economy in trouble? That's a sweeping statement but in fairness, more than half of the world have a shaky economy. Even the US cannot claim to have a stable economy and it can suddenly go back to recession for all we know. Russia is also having a problem and adding injury is its strained relations with Turkey because of the downing of the Russian warplane. Now it is China's turn and it may be because of the paradigm shift - most of the young Chinese are highly educated and shunning factory work.
     
  3. baudwalk

    baudwalk Senior Investor

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    http://www.cnbc.com/2016/01/03/caixin-pmi-falls-to-482-in-december-below-expectations.html
    Another article published earlier today adds to the evidence of decline. I'll stand by my "sweeping" statement for the moment.
     
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  4. baudwalk

    baudwalk Senior Investor

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    Last edited by a moderator: Jul 8, 2016
  5. JR Ewing

    JR Ewing Super Moderator Staff Member

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    How soon before the fed cuts rates again? :D
     

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