China….Some Anomalies To Look At On A Closer Basis
Posted By thestatedtruth.com on December 3, 2010
Some interesting thoughts out of China………….
From Corriente Advisors. The anomalies in China are some what familiar:
- Excess floor space exceeds 3.3 billion square meters and there are still 200 m being built this year….
- The price to rent ratio is 39.4 times versus 22.8 times in America before the housing crises….
- Banks are hiding their exposure in Local Investment Vehicles…
- On a Sovereign level, China’s debt to GDP comes out at 107%, five times published numbers …
- China has consumed just 65% of the cement it has produced in the last six years….
- There are 200 m tons of excess steel capacity, more than the EU and Japan’s total production this year….
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