Real China Economy

George Baxter Consumption, Stimulis, trade, video interview Consumption, exports, stephen roach, trade

Here, Hendry discusses the comments made by Soros regarding the Yuan.
http://www.cnbc.com/id/15840232?video=1297057096&play=1

George Baxter trade, video interview exports, Hugh Hendry, trade, Yuan

I think these videos are both very good and from very credible sources.  The first is Michael Pettis who is based in Peking university and is one of the most watched Chinese analysts.  Pettis shares my view with respect to China and its imbalances.
http://www.ft.com/cms/893ac9c8-757e-11dc-b7cb-0000779fd2ac.html?_i_referralObject=9810652&fromSearch=n
The Second video is of Andy Rothman who is with CLSA.  Rothman has [...]

George Baxter Bank Lending, Consumption, Stimulis, trade, video interview Andy Rothman, CLSA, Consumption, Michael Pettis, Stimulis, trade, video

The Chinese have built capacity for a world in which the US has an ever growing ability to consume more.   With their stimulus efforts they have added to that capacity.   Once the government directed investment in capacity has been exhausted deflationary pressures should mount.

George Baxter Capacity, trade, video interview

Here,  Hugh Hendry chief investment officer and Partner at Eclectica Fund walks about in Guanzhou China and observes the empty buildings as evidence of easy lending and excess capacity.
 
http://www.youtube.com/watch?v=ektMQGbW3wk

George Baxter Capacity, video interview Hugh Hendry

Jim Chanos, who is in the attached post has been shorting Chinese infrastructure plays on the basis that China is building out additional capacity for a world dominated by US consumption that no longer exists.
http://www.cnbc.com/id/15840232?video=1246874316&play=1

George Baxter Capacity, stats, video interview Capacity, Jim Chanos, stats

Roach, is one of the only Wall Street strategists that in not a perma-bull.  He is one of the best authorities with respect to Asian markets and economics.  

 
http://www.mckinseyquarterly.com/Unlocking_the_power_of_Chinese_consumers_An_interview_with_Stephen_Roach_2428

George Baxter Consumption, video interview stephen roach

This is quite good.   Many market bulls are forwarding the idea that growth in Chinese consumption will replace a weakening American consumer.

http://www.mckinseyquarterly.com/Chinas_consumption_challenge_2427

George Baxter Consumption, video interview