dreamdancer 0 #1 January 20, 2011 looks a distinct possibility... QuoteThe London stock market has fallen sharply for the second consecutive day as fears over Chinese fiscal tightening were exacerbated by a surprise fall in orders in Britain's manufacturing sector. After sliding back through the 6000 mark in late trading yesterday, the FTSE 100 dropped by another 94 points, or 1.5%, to 5882 this morning. Traders said the news that China grew by 10.3% last year, more than analysts had expected, had fuelled expectations of new fiscal tightening measures in the world's second-largest economy, David Jones, chief market strategist at IG Index, said the Chinese GDP growth had "alarmed markets somewhat", hitting mining stocks which are closely linked to the China's appetite for raw materials. "China's GDP once again raised concerns that the Chinese government may impose measures to cool the economy in the near future," said Jones. Economists have warned that China's relatively loose monetary policy in 2009 and 2010 has created the danger of unsustainable bubbles, particularly in the housing sector. Inflation in China has hit 4.6%, adding to fears that the economy may be overheating. http://www.guardian.co.uk/business/2011/jan/20/ftse-100-manufacturing-figures-china-overheatingstay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #2 January 20, 2011 5% growth is likely what a "crash" would look like if it happened. Quote Share this post Link to post Share on other sites
dreamdancer 0 #3 January 21, 2011 i think a crash in china could look very bad. the party gets hardline to control the masses. finger pointing at the us as the cause. try to retake taiwan - boom!stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
