Practically Classics Forum

I was bored and was watching NHK world(japanese news channel) and was supprised to see
a news article/story which I can't find in written formate to post here!

The reporter was stating that China has over built homes and tower blocks etc and is now at
the beginning of a property bubble bursting. They are already getting some small companies
not paying back their loans. Add to what debt they bought to bail out the rest of the world
and you begin to get the sense of what could happen.

As it is a commonly known fact that China has one rule for the Chinese and something totally
different for none Chinese investors or manufacturers who have factories in china.
The writing could be on the wall and any body with a factory out their could lose the factory,
the machinery and the workforce.
(a lawsuit by bmw over the mass production of a counterfeit bmw 4x4 telling bmw that it
wasn't the same car even though the only difference was the badges might give you an idea)

So will it be another world recession or a great depression?
Here we go again!

Some companies have been moving manufacturing back to the UK or USA for economic reasons
such as a quicker turn around of products and not having to wait for stuff to be transported
around the world by container ships and be open to being stuck in a port due to strikes or pirates.
How many more will start to do this when they realise that china's recession could do?

And before people think that has nothing to do with cars, how many of us have bought that
little car part from/made in china because it was cheaper or not available elsewhere unless you paid
stupidly high prices!

Jeez, Aron, are you always so cheerful or is this heightened level of positivity reserved for the forum?
I wouldn't worry about the economy because the meteorite will get us long before the money's all gone!

Easily over come. Blanket bomb the place off the face of the earth. Pollution reduced, industry returned to where it should, more food to go around, Hornby returns to Binns Road etc etc. Nobody has to pay back any loans or be held to ransom. I don't eat Chinese food so all the problems ended in a flash. You would use conventional weapons. Don't worry about the nuclear power plants because they are so unsafe they would have blown up anyway.

Right what's the next diplomatic problem you want me to look at?






Bottom line: There is no point worrying about the situation, we allowed it to happen....well not all of us.....just the financial crowd. The rest of us were too busy trying to keep our jobs or get one to notice what was happening!

phil, have you ever though of standing for parliament?? or are you just too honest
for those of a nervous disposition
http://www.youtube.com/watch?v=ZR6wok7g7do

I had thought of being a politician but I was always taught not to tell lies. The only bloke to go into the Houses of Parliament with good intent was Guy Fawkes!! Ask a politician a question and he won't answer it instead he'll ask a question of his own and answer that!

Thanks to all those share holders who have sold out their shares with no concern for peoples jobs or futures are at the root of many of the problems we are now suffering. Banks who won't loan money but loose money in useless investments. Politicians who offer no protection to workers jobs compound it and the majority if not all of them have money invested outside the UK. Companies have been sacrificed for the sake of a loan that would have saved them. LDV in Birmingham asked for some money to develop their electric vans. The loan was equivalent to a a small percentage of what we pay per day to the EC!! They were denied it instead that technology has gone out of the UK. How long before Longbridge is dumped by the Chinese because of the financial problems back in China? If manufacturers in the UK are so bad why do foreign investors jump in and buy them? It's no coincidence that nearly all the F1 teams are UK based and the rest employ British engineers in the top design positions.

CE marking on anything from China is worthless. It stands for Chinese Excrement! But we are stuffed now because we make 3/5ths of sod all.

It was obvious that China would end up having financial problems at some time with the speed it was growing. If there is a major World recession these foreign owned UK companies will be sacrificed as nationalism takes over and they will be asset stripped and the owners will go back to their home bases. Citroen in Coventry is a prime example. Alstrom in Birmingham another. They bought Metro Cammell Ltd got a big order then upped sticks and started building trains in France and Spain. The British government and tax payers pick up the bill. We are the Worlds soft touch!