WillyAp
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January 27, 2024, 10:47:29 PM |
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how do you think this will affect the global economy, the crypto market, and what to prepare for?
India is having a a laugh on that. Crypto will get a boost except a suitable amount of chinese holders decide to sell it all. Unlikely I think.
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Casdinyard
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January 27, 2024, 11:15:28 PM |
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It's no secret that after the Kovid pandemic, China's economy has been hit pretty hard. Further problems were a continuation of the economic confrontation with the U.S., which was not a smart move on China's part, as overestimating its strength is the biggest mistake. Then there was (and now the problem continues) Evergrande and in general the real estate market and related sectors of the economy....
And the day before yesterday the news came out: China is considering the option of withdrawing 2 trillion yuan ($278 billion) from offshore accounts of state-owned companies to save the record falling stock market. Bloomberg writes about it. According to people familiar with the matter, Chinese authorities are considering a package of measures to stabilize the falling stock market after previous attempts to restore investor confidence failed and prompted Prime Minister Li Keqiang to call for "forceful" steps.
On the one hand, it seems to be the world's second economy, "the world's factory", nominally "the second pole of the bipolar world", on the other hand, it is no longer possible to hide the problems and it is necessary to take such measures. The question is: since the situation with the Chinese economy is no longer manageable, and we have to take tough and prompt actions to save the economy - how do you think this will affect the global economy, the crypto market, and what to prepare for?
I'm not so sure what to prepare myself for lol. China's economy's been largely isolated and kept amongst themselves so it doesn't really matter that their economy is going down the sinkhole when the whole world doesn't depend upon them for anything. However, what I could envision and want to happen in all actuality is a domino effect of the housing bubble crashing. China's been on the gutter lately because of this and it's not gonna take time before the rest of the world catches up with this. Airbnbs will be sold for cheap and the housing market's gonna be purchasable among Gen Z'ers that we're able to buy land just like how our ancestors did in the past. Way to stick it up to mfers who hoarded houses. Besides that there's not much to prepare for really, the threat of a global pandemic is still nigh but it's been stated that it wouldn't come from China once again and could come from somewhere else, every country's busy with their own failing economies that they couldn't really care about the state of China's, and we're at the end times environmentally-speaking as we're nearing CO2 emissions that are stated to be "irrecoverable" while our kids are gonna be born with microplastics in their bloodstreams. So yeah, I don't think we should prepare for China, I think we should actually prepare for the rest of the world and the end times that are nigh.
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DVlog
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January 27, 2024, 11:31:10 PM |
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They are not that transparent about their economic reports, so we only get to know research articles published by various organizations and individuals. If china is facing a downtime with its economy then that flow of money is going elsewhere. how do you think this will affect the global economy, the crypto market, and what to prepare for?
India is having a a laugh on that. Crypto will get a boost except a suitable amount of chinese holders decide to sell it all. Unlikely I think. Chinese whales won't sell their crypto only because their country is having an economic downtime. how many of them live in their country? IMO it won't have any greater impact on the industry because most likely whales will shift their location from China to somewhere else. India is not doing that great too with all of their neighbors turning hostile towards them.
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kryptqnick
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January 28, 2024, 11:17:29 AM |
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China was supposed to genuinely become a rival of the US and perhaps even outperform the US economy in the near future, but I don't think we'll see that happen. The US economy is stable and pretty strong, and you're right that China's economy is struggling. There are many things that seem wrong with it, which makes it difficult to just find an easy fix. There's the one-child policy catching up to them (the policy was abandoned too late), there's youth unemployment, a high foreign debt (proportionately to GDP, higher than in the US), etc. I don't think that China's economy will collapse, but I do believe it won't be able to compete with the US economy. On the one hand, it's good because economic and political power are interrelated, and China is a very dangerous political state. On the other hand, so many people live there and will suffer from the consequences of poor policies that I can't cheer in this situation.
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DrBeer (OP)
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January 28, 2024, 01:01:48 PM |
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I can also see Chinese agressiveness in the SCS and other neighbors in the region so why are they doing this when their economy is in trouble, right? Is it possible that they are using this strategy?
This is an ancient “recipe” for solving large internal problems. if everything is bad for you, you are on the verge of losing power, everything you don’t do turns out badly, and the population that praised you to the skies yesterday is ready to overthrow you tomorrow - START A WAR! First, there must be preparation, through state propaganda - “there are enemies all around”, “they want to enslave us”, “they will make you slaves or take away your riches”... The next step is the introduction of strict restrictions, which will be explained by “state necessity”. Those who will first fall under this “roller of restrictions” will be those who see the lies of the authorities and will not tolerate them. It is the elimination of any competition or opposition. Then strict control of the economy and private business, including nationalization. Then - war...
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tyz
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January 28, 2024, 05:16:48 PM |
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how do you think this will affect the global economy, the crypto market, and what to prepare for?
India is having a a laugh on that. Crypto will get a boost except a suitable amount of chinese holders decide to sell it all. Unlikely I think. India is growing very strongly at the moment, but has many other problems. India is catching up on the growth that it missed out on, similar to China in the 2000s. But India will also reach its limits sooner or later. It is easy to grow strongly as a developing country, but when it takes the step towards becoming an industrialized country, many run out of steam. Just like China is doing now. That is why India will become a large economy in the medium term, if only because of the size of its population, but it will not become an industrialized and wealthy nation in the sense of many Western countries.
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tsaroz
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January 28, 2024, 05:43:43 PM |
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Not a Chinese but I have seen Chinese economy from close and the type of growth they were having were bound to burst. And many many Chinese saw it coming. The Chinese economy was oriented towards planning for ever increasing demand. Be it in the real estate or manufacturing goods. The thing with real estate is there's not much Chinese can own for themselves and apartments is something they can call their own at least for a few decades. So, people kept on investing on apartments hoarding at cheap and selling at higher price creating a ponzi. When there were no more people ready to buy more, it crashed. Similarly the demand for things like smartphone, gadgets and items has gone stagnant as the population on developed nation are on decline. There can't be ever increasing market. But, Chinese economy is not just these two, for years China has developed a home based economy and it would keep them float and stability means they'll be the first to provide something new when it comes. Like EV at the moment. China would lead the market till it's saturated and just move to other things.
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adaseb
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January 29, 2024, 05:19:18 AM |
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News just came out for the Evergrande liquidation. The stock is down 20% and it’s halted. Honestly I have no idea what this means since we have been hearing about Evergrande since 2021 pretty much.
From what I understand they took peoples money from preorders and used that money to build more projects but when they ran out of buyers for their latter projects it’s when all these problems started to happen. They basically overleveraged and couldn’t sell anything.
How this affects the rest of the world and USA I don’t know.
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Kakmakr
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January 29, 2024, 05:37:56 AM |
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There are some rumours that a lot of people are buying Bitcoin, because it has out performed traditional markets.
Yes, Bitcoin were supposedly banned in China, but some exchanges still allow Chinese people to buy bitcoins (limited amounts) and they are buying on black markets.
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jrrsparkles
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January 29, 2024, 02:42:52 PM |
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The fall in the stock market is not really the country's economy is failing, still, China is working as normally as they were in the era and when they shut down their doors when it happened every country was almost stunned due to the high demand for many products. I don't see any red flag on China's economy and 278 Billion is just nothing for a country and withdrawing from offshore account can have other reason too.
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Patrol69
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January 29, 2024, 02:49:39 PM |
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The corona virus had become a global pandemic and due to the global pandemic taking hold, the economic conditions of various countries have deteriorated a lot. Many countries have not been able to overcome that economic crisis so far. It is not just that China is in economic crisis, but there are many other countries in addition to China that are in severe economic crisis. The US sanctions on China and sanctions on several Chinese companies have had some negative effects on the Chinese economy, but China is not stopping there, they are moving forward as they are. China is a developed country so it doesn't matter to them if the US bans them because they export various products all over the world and many countries are directly dependent on China.
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macson
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January 29, 2024, 03:06:02 PM |
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I don't know what is happening in China, but from the news I read, the economy there is not doing well, where their economic growth is below the government's expectations and the real estate industry is getting worse. If it is true that the Chinese economy is not doing well, then this will have an impact on the global economy and it will have a domino effect on the economies of other countries and perhaps on the crypto market, so we have to prepare ourselves well.
maybe the preparation we can do is by saving, investing in reliable coins like Bitcoin, and most importantly by reducing spending on things that are not important. by doing these things perhaps we can save ourselves from the economic impacts caused by global economic changes.
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o48o
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January 29, 2024, 03:25:31 PM |
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It's no secret that after the Kovid pandemic, China's economy has been hit pretty hard. Further problems were a continuation of the economic confrontation with the U.S., which was not a smart move on China's part, as overestimating its strength is the biggest mistake. Then there was (and now the problem continues) Evergrande and in general the real estate market and related sectors of the economy....
And the day before yesterday the news came out: China is considering the option of withdrawing 2 trillion yuan ($278 billion) from offshore accounts of state-owned companies to save the record falling stock market. Bloomberg writes about it. According to people familiar with the matter, Chinese authorities are considering a package of measures to stabilize the falling stock market after previous attempts to restore investor confidence failed and prompted Prime Minister Li Keqiang to call for "forceful" steps.
On the one hand, it seems to be the world's second economy, "the world's factory", nominally "the second pole of the bipolar world", on the other hand, it is no longer possible to hide the problems and it is necessary to take such measures. The question is: since the situation with the Chinese economy is no longer manageable, and we have to take tough and prompt actions to save the economy - how do you think this will affect the global economy, the crypto market, and what to prepare for?
Topic is quite miselading so let's take a step back here. Hitting hard is pretty subjective as they are close to ATH going for new ATH soon. Just becuase projection didn't met expecations because of corona, it isn't dying. Far from it. In fact their forecast for their gdp growth projection looks pretty damn good. https://www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/Personally i don't wish that china would do so well compared to rest of the world, as i don't approve their invasive surveillance tactics, and when they own parts of essential web infrastructure, it's just danger to future of freedom of speech.
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kentrolla
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January 29, 2024, 04:35:41 PM |
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China has been in the news for all the wrong reason be it suppression of freedom, bureaucracy or conflicts with neighbors. I think it's time this dictator xi jinping should step down because they are spending a lot to look powerful like those ghost towns and all but we have seen how their real estate failed recently and I think if the state collapse or civil war triggers then I think neighboring nations should be ready to accept refugees and also if China goes does or any major issue is forecasted then it's ripple can be felt throughout the world as most of the stuffs we use in daily life is made in China and it would be better if China is stable else whole world will be in mess as no country even poses an ability to manufacture things at cheap labor which China is doing. Crypto shouldn't have much impact in my opinion as already major players have moved out of China when it comes to crypto.
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WillyAp
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Looking for guilt best look first into a mirror
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January 29, 2024, 08:23:14 PM |
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I think it's time this dictator xi jinping should step down because they are spending a lot to look powerful like those ghost towns and all but we have seen how their real estate failed recently and I think if the state collapse or civil war triggers then I think neighboring nations should be ready to accept refugees and also if China goes does or any major issue is forecasted then it's ripple can be felt throughout the world as most of the stuffs we use in daily life is made in China and it would be better if China is stable else whole world will be in mess as no country even poses an ability to manufacture things at cheap labor which China is doing. Crypto shouldn't have much impact in my opinion as already major players have moved out of China when it comes to crypto.
That is one of the longest sentences I've seen lately. A few full stops, commatas are not only there to adorn.
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Natsuu
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★Bitvest.io★ Play Plinko or Invest!
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January 29, 2024, 10:46:35 PM |
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If China pulls out billions from offshore accounts to save its stock market, it could shake things up globally. Expect some market rollercoaster, affecting not just traditional markets but possibly crypto too. Investors might turn to safe bets like gold or certain cryptocurrencies during the chaos. We should stay tuned and diversify our investments for a bumpy ride
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davis196
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January 30, 2024, 11:34:00 AM |
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The question is: since the situation with the Chinese economy is no longer manageable, and we have to take tough and prompt actions to save the economy - how do you think this will affect the global economy, the crypto market, and what to prepare for? Why do you think that the situation with the Chinese economy is no longer manageable? I think that the situation is manageable and China still has a decent amount of assets and currency reserves, which can be used to cover some loses and to pump the economy. A crash in China will negatively affect the global economic growth, but everyone was expecting a global recession in the last two or three years. Why would anyone be surprised by a global recession right now? We've been talking about a global recession ever since the pandemic(and the war in Ukraine). The people and the companies should be prepared for bad news and economic turbulence. The influence of China over the cryptocurrency markets had dropped severely in the past several years, but a worldwide recession will affect all financial markets negatively(the crypto markets are no exception).
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DrBeer (OP)
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Payment Gateway Allows Recurring Payments
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January 30, 2024, 12:56:40 PM |
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The first serious manifestations of the crisis by the Chinese economy, and the bankruptcy of one of the CRUCIAL companies in China: "A court has ordered the liquidation of China's largest real estate developer Evergrande due to debts. The court decided to liquidate the world's largest debtor with more than $300 billion in liabilities after noting that Evergrande failed to offer a concrete restructuring plan for more than two years after failing to pay debts and several court hearings."
$300 billion. 1 company. A company that impacts multiple industries.
The state has proven unable to "pull out" this "financial black hole".
This is just the beginning....
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DVlog
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January 30, 2024, 01:14:53 PM |
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If China pulls out billions from offshore accounts to save its stock market, it could shake things up globally. Expect some market rollercoaster, affecting not just traditional markets but possibly crypto too. Investors might turn to safe bets like gold or certain cryptocurrencies during the chaos. We should stay tuned and diversify our investments for a bumpy ride
They have enough money to keep the market from falling apart. A major correction in the stock market is not something new in the Chinese market and this can be market manipulation as well. Whatever the real reason the Chinese market is still one of the biggest in the world, and its production is what keeps western countries well fed and their economies thriving. They won't get a cheap market like China anywhere else in the world. So as long as western countries cannot find another production factory for them, the Chinese market will keep minting money for their economy which is the most important thing for them.
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WillyAp
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Looking for guilt best look first into a mirror
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January 30, 2024, 07:19:31 PM |
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If China pulls out billions from offshore accounts to save its stock market, it could shake things up globally. Expect some market rollercoaster, affecting not just traditional markets but possibly crypto too. Investors might turn to safe bets like gold or certain cryptocurrencies during the chaos. We should stay tuned and diversify our investments for a bumpy ride
Investors don't behave like traders.
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