Larry Lang Dr Perceptive understanding on Chinas Land Urbanization Lang Xianping says

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Economist (Larry) Lang Xianping had for a long time the most popular talkshow on TV in Shanghai until he was sacked because his mandarin did not meet the official standards. Lang was popular because he told his audience the truth about finance, corruption and the people who were involved, a unique take in Chinese TV. • The research publications list of Larry Lang (Lang Xianping) at Hong Kong University. • Larry Lang seems to be saying things for shock value. Like a Rush Limbaugh or a Bill O'Reilly. China has the currency reserves and resources to bail itself out. The concern of the state enterprises has been around in some form for decades. China grew more of a fast growth private sector and the share of the economy from state enterprises shrank. China can manage around $1-3 trillion of non performing loans. • The high rises, highways, and high speed rail are real and very well functioning. I have been in the buildings and on the transportation. The power is being utilized. China would not be burning 3.2 billion tons of coal if the power plants and industry was running at 30% capacity. • China's Debt level and actual inflation are key to the truth or falseness of the claim • The case that the debt levels are not too high first. • Li Yan, a senior analyst at the China Chengxin International Credit Rating Co, told a conference that China's total local and central government debt combined, at 43.6 percent of gross domestic product at the end of 2010, was well below the international alarm level of 60 percent. • China's state auditor has estimated that local governments had chalked up 10.7 trillion yuan in debt by the end of 2010, about half of which amassed during Beijing's stimulus spending at the height of the 2008/2009 global financial crisis. • Local governments have been servicing much of that debt through land sales and real estate ransaction taxes, both of which are slowing in response to a slew of tightening steps to curb the exhuberant property market and fanning worries of a new wave of debt defaults and bad bank loans. • The weighted-average capital adequacy ratio (CAR) of Chinese banks stood at 12.2 percent at the end of June, up from 11.8 percent at the end of March, while the banking system had a bad loan coverage ratio of 218 percent. • Larry Lang Dr Perceptive understanding on China's Urbanization from new generation of Leaders Chine,for more information about chinese society subscribe and browse channal at / cosmeticmachines as well as blogger at http://cosmeticfoodmakingpackaging.bl...

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