Embedded Systems Conference

China's Stock Market Plunge & the Electronics Industry

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Stock Keeper
andrewthiago   8/31/2015 6:43:00 AM

yes really shocking.

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Stock Keeper
movieshd   8/30/2015 12:46:15 PM

its shocking.

Jim O'Reilly
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Re: "Competent bunch"?
Jim O'Reilly   8/18/2015 6:15:19 PM

The current leaders have a long-tailed dragon they have to tame. This problem has been a decade brewing, and is a direct result of trying to meld capitalism with communism.

Without a major revolution, such a transition is difficult to achieve and errors will be made, especially in a culture that views stocks and real estate as just another fun gambling opportunity.  Once the capitalism genie was out of the bottle, the task has been to control it...this is mostly new grouind.

So, the government can be competant but the problem not of their making and a monster to control. This bunch may have the capability to work it out!

For refernece, look at the Obama administration getting us out of the slump they inherited. It took a while but was competently corrected. 

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Stock Keeper
"Competent bunch"?
pavphil   8/6/2015 1:59:37 PM

The overall view from the article doesn't jibe with the summary that the Chinese leaders are "a competent bunch".  The Chinese leaders somehow believe that, despite the failure of every other attempt to micromanage an economy, they are smarter and will manange it.  The bad management of Chinese money is the major economic issue in the world and it has been for many years.  Their policies (surpressing their currency and buying bad debt to close the loop) have caused and sustained a huge global imbalance that has gutted the working-class job market in the entire western world.  Their need to buy whatever amount of junk debt from the west (to keep the Zero Import model flowing) allows profligate spending from governments with no good end game.  The Chinese leaders are power hungry fools who have refused to learn from history.  The only issue they truly care about is "One Party Rule".  Does that sound like a competent way to run a country?

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