淘客熙熙

主题:【整理】读报摘要:最近一些经济信息的汇总 -- wqnsihs

共:💬2116 🌺4378 🌵3
全看分页树展 · 主题 跟帖
家园 I know what you mean

the problem of today's world: lack of solid consumer demands.

The 2003-2007 boom was created by fake demand backed by consumer liabilities. Credit is partially provided by vendor financing. In US-China case, that's China who provides long-term free credit, through sovereign bond market and then to the mortgage market and consumer credit market in the U.S. Inside EU, Germany provided such credit to PIIGs and other Eastern European nations.

To some extent, it is fair to say that China is the source of globa instability: by encouraging America and financial players taking on more and more external debt. So is Germany.

The best solution: China creates its own solid consumer demand, so that it not only consumes its own excess capacity, but also some of the capacity in Europe and U.S.Thus the global economy rebalances itself. But before China can do that, China must get rid of its dangerous pyramid income distribution and create a big middle-class.

It is about income disparity--but it is a political problem beyond an economic solution.

WXMang is an integral part of the state enterprise establishment. You could not expect him to present a political solution to a political question. He only wants a short-term economic solution.

全看分页树展 · 主题 跟帖


有趣有益,互惠互利;开阔视野,博采众长。
虚拟的网络,真实的人。天南地北客,相逢皆朋友

Copyright © cchere 西西河