YIWU, China—When she was a teenager in the 1970s, Zhou Xiaoguang peddled trinkets city to city and slept on trains, a formative chapter in her creation of the world’s largest costume jeweler, Neoglory Holdings Group Co.
Leveraging her empire of baubles, China’s “fashion-accessory queen” added hotels, offices and malls. The magnate took a seat in China’s national parliament, accepted business accolades, including Ernst & Young’s “Entrepreneur of the Year,” and erected the tallest skyscraper in Yiwu, a trading city south...
XI Jingpingpong right now?
It's easier for China to clear that debt than Nigeria paying back its over 24Trn debt as at yesterday. The DFI into China from the 'world' is alarming! Those companies are investing on infrastructure unlike Nigeria's loans & debts spent on medical tourism abroad, some in China
This really really terrible. All that glitters are not gold. There should be a %limit to borrowing versus cash in hand. There should also be a policy of repayment. Don't borrow another until the first is paid fully or 90% paid except in an emergency.
It's is interesting that corporate debt twice the GDP and it's still agressive overseas means the rate of profit is greater than global average,this rate of profit may be due to high-tech employment or long hours of work coupled with lower wage rates or both combined.slowed down?
Oh goody. Now they get to listen to the Conservative deficit..deficit..deficit mantra.
Trump is trying to cut the anchor while 'tariff quibbling is reported more than 'getting out is a good idea.' There are Central American Countries in need of a dose of capitalism. tt: larry_kudlow
such countries like US can't ever dream about China's economy growth rate 6-7% each year.
The caveats to China's economic power, as always, is its form of government and their ability to simply void out, whatever whenever.
Almost all state controlled . This means it’s really Government s Debt .
Trump is winning big time...one of the best ever
Please keep up the pressure POTUS The Communist government of China has not been a good global citizen. Their citizens and the world deserve better. They can make fair, honest trade deals that respect others nations or, they can go this route.
That's ironic considering US Corporporate debt is spiraling out out control. GE's debt has downgraded its range to triple B, the lowest invest-grade rating. AT&T could be downgraded to junk status after assuming a debt load of $180B.
Good
Income disparity ends up killing business in the long run.
Crony capitalism is not too blame here. Nope. It’s all cyclical. 😂😂😂
The Taizhou government in Zhejiang Province plans a new crackdown in the second half of 2019, and an unapproved Protestant church is preparing for crackdown.
It is funny someone with 22 trillion debt talk about others 'debt problem'
I don't know and can't understand how you can watch a person like that with no regard for their dignity. It's an obsession or fixation they have that I just can't stand. Everybody's got their reasons I guess!
I also like to live dangerously. Please don't judge!
The Foreign Assets Control (OFAC) of the US Treasury disclosed one percent of the evidence base of the sanctions dossier on Russian billionaire Oleg Deripaska. The document was 186 pages, said RBC lawyer entrepreneur Erich Ferrari.
When you sell baubles instead of diamonds- what can you do cleft but debt. Deliver a real service not a fake one and use your own money to fund it - not other people’s! You will always feel a loser if you use money other than your own.
Did WSJ just repeat himself?
So I guess she should of stopped while she was ahead making jewelry?
70% Of Chinese millennials own their homes. A 4 year degree cost only 1k American. What's happend to the American dream? Rich American business owners sold it to China so they could have more money than they know what to do with. At the expense of American workers.
FUCK what a liar US agriculture exports value increased 12.1% during first 4 months of 2019 China only imported 11.5 Billion dollar US agriculture products every year before 2018 they imported 3.5 Billions at 2018 Farmers only lose 7B dollar But bailout is 28 billion dollars!!
Buy, buy, buy! That is all that matters in this market
It will be China that triggers the next global financial panic, not the US. Not the EU. SantiagoAuFund DiMartinoBooth
And the corrupt corporate media keep telling the naive crowd that China economy is second to none.