If anything the investment will increase because China has appointed a new governor to People’s Bank of China, the deputy of the previous governor (the one who changed its exchange rate in 2015 causing worldwide panic and causing cash outflows from China).
His appointment should have got more press time than the Federal Reserve’s new chairman as China is a far bigger player than the Fed. It’s policies effect the whole world.
Previously PBC had to prop up unprofitable state-owned loans and debt, often to stimulate the economy of China, where these ghost cities originated from - lots of cheap cash and the pet projects of powerful provincial leaders. (The loans are also guaranteed by government).
Now though that’s all changing.
Whilst the above will continue the bank is now free to offer loans, at higher rates, to private firms - small businesses as well as corporates - and the public sector, something that’s never been allowed.
So China’s booming economy built on flaky cash injections for state run businesses - concrete, steel, aluminium, and unproductive factories etc will now be driven by consumer spending with the injection of funds to private companies. If they don’t China will be forced to export its access and no doubt create a glut and therefore a drop in prices and a trade war.
Hainan Island gambling/Bye-Bye Sihanoukville Casinos
Kompong Saom was always an odd place. Shitty yet attractive, ugly yet beautiful. It had something undefinable that made it fun.There was so much empty land that eventually would be developed. What’s the ride like now from The Lions around the beaches to the bottom of town? What’s happened to Pearl City and those Russian apartments with the collapsed marina just before Victory Beach?
Is Dave Brown still around, what are Victory Hills bars like now?
I think I must come and have a look before KNY.
Is Dave Brown still around, what are Victory Hills bars like now?
I think I must come and have a look before KNY.
- spitthedog
- Is the World Outside still there ?
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- Joined: Mon Feb 17, 2014 10:19 pm
Mick & Craig's a gonna in November. Stevie C's and Earnie's Burgers may you RIP.
https://www.phnompenhpost.com/supplemen ... teal-beach
https://www.phnompenhpost.com/supplemen ... teal-beach
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
Mate I dunno where you get your information, but if I was you I'd change your sources.YaTingPom wrote:If anything the investment will increase because China has appointed a new governor to People’s Bank of China, the deputy of the previous governor (the one who changed its exchange rate in 2015 causing worldwide panic and causing cash outflows from China).
His appointment should have got more press time than the Federal Reserve’s new chairman as China is a far bigger player than the Fed. It’s policies effect the whole world.
Previously PBC had to prop up unprofitable state-owned loans and debt, often to stimulate the economy of China, where these ghost cities originated from - lots of cheap cash and the pet projects of powerful provincial leaders. (The loans are also guaranteed by government).
Now though that’s all changing.
Whilst the above will continue the bank is now free to offer loans, at higher rates, to private firms - small businesses as well as corporates - and the public sector, something that’s never been allowed.
So China’s booming economy built on flaky cash injections for state run businesses - concrete, steel, aluminium, and unproductive factories etc will now be driven by consumer spending with the injection of funds to private companies. If they don’t China will be forced to export its access and no doubt create a glut and therefore a drop in prices and a trade war.
I've lived in China for 11 years now and I have shares in a company that's building casinos in Cambo, Laos and Malaysia. Yes, they're Chinese companies and will get exemption from local taxes but will be registered in PRC and there's a hefty Government shareholding. The capital was paid upfront. Cambo is skint.
Look up Sunway.
Not sure if you’re agreeing with me or not?
All I am saying is the policies are changing, for the better. I don’t doubt there are certain concessions giving to some companies. My point is China and Chinese investment is here to stay.
My sources are various news outlets (FT, Aljazeera, NY Times etc) and industry publications. (Not the Daily Mail)
All I am saying is the policies are changing, for the better. I don’t doubt there are certain concessions giving to some companies. My point is China and Chinese investment is here to stay.
My sources are various news outlets (FT, Aljazeera, NY Times etc) and industry publications. (Not the Daily Mail)
pew, pew, pew, pew!
- spitthedog
- Is the World Outside still there ?
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- Joined: Mon Feb 17, 2014 10:19 pm
I wonder what Jim Chanos would make of SHV ?YaTingPom wrote: My point is China and Chinese investment is here to stay.
My sources are various news outlets (FT, Aljazeera, NY Times etc) and industry publications. (Not the Daily Mail)
http://fortune.com/2010/11/17/chanos-vs-china/
The usual thing for 99% of erm....overseas companies on AIM, is for the seed investors to get out on the way up, then the company's shares get suspended/delisted, with the CEO/owner seemingly nowhere to be found, and the western NOMAD knows nothing.
Curious about how much of that is going on here?? I mean, this is Cambodia, not London right?
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
I’ll read that later thanks.
The thing with all these financial predictions is for hundreds of people saying it’ll go pop there’s hundreds who say it won’t!
A friend told me the USD is going to pop. I asked why he thought that and he told me he saw lots of videos about it. I asked what he typed into the search engine “USD going to pop”.
The AIM thing has always been full of shady dudes. I bet they were rubbing their hands with glee when ICOs came along.
The thing with all these financial predictions is for hundreds of people saying it’ll go pop there’s hundreds who say it won’t!
A friend told me the USD is going to pop. I asked why he thought that and he told me he saw lots of videos about it. I asked what he typed into the search engine “USD going to pop”.
The AIM thing has always been full of shady dudes. I bet they were rubbing their hands with glee when ICOs came along.
pew, pew, pew, pew!
- offshoresports
- I've got internet at work
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I predict your prediction will not happen. Sihanoukville has gone through waves of deportations and changes. You put way to much value in Hainan Island.
Numbnuts all grown up
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