Economists warn of coming Chinese meltdown

[fedsron2us]

For Jim Walker, the chief economist at CLSA Asia-Pacific Markets in Hong Kong, the signs are coming thick and fast.

<snip>

In Shaanxi, an inland province in China usually in a labour surplus, minimum wages have been raised 30 per cent.

At Disneylands around the Pacific rim, signs are going up in Chinese. "They went up in Portuguese a year before the (Brazilian) rial crashed," the Scottish economist notes wryly.

All these, Walker thinks, point to China coming to the late stage of its frenetic economic cycle, one characterised by massive oversupply of a currency so long pegged to the US dollar that its holders treat it as the same.

http://www.theage.com.au/news/Business/Economists-warn-of-coming-Chinese-meltdown/2005/05/08/1115491050250.html?oneclick=true

[Name removed]

1. Deleted message

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[fedsron2us]

3. Hey, who said there is only going to be one meltdown

Asia and the US economies are embraced in a Dance of Death. When one goes down the other must follow.

[Demeter]

4. Bet You A Nickel The US Goes First

and drags the rest of the world after it (with the possible exceptions of the EU and Canada. And Africa isn't even in the game, so it won't notice.)

[fob]

2. "Disneylands around the Pacific Rim..."? WTF? Are they saying

China has copied and replicated dozens of Disneylands? The obvious reason for worry that they didn't learn from EuroDisney?

[Lydia Leftcoast]

5. As far as I know, there's just one in Tokyo and a newer one in

Hong Kong...which naturally would have signs in Chinese. The Hong Kong branch, not the Tokyo branch. :shrug:

[wallwriter]

6. Um, doesn't LA count as the Pacific Rim?