Goldbug 6th Gear May 26, 2017 Author Share May 26, 2017 Little of China debt is owned by foreigners. Most of US debts are held by foreigners but backed by their aircraft carriers. So who should be rated higher? This world not so black and white. Damn kelong one. Used to think China debt issue might come back to haunt them but the Chinese are not stupid. the thing is tiong bizman borrowed cheap USD to invest/inflate their bubble when USD interest rate low leh, bet you din noe about this ↡ Advertisement Link to post Share on other sites More sharing options...
Somewhat1975 6th Gear May 26, 2017 Share May 26, 2017 (edited) I am not talking about US vs China. i am talking about corporate debt issuance and the impact of rising rates on the cost of doing business. Be it US or CHina, Japan, Korea, Africa, Singapore, Australia, all same impact. Most of the China corporate debt are domestic debt and they do not use the rating from foreign rating agencies. They have their rating agencies. So the domestic debt will not be affected Edited May 26, 2017 by Somewhat1975 1 Link to post Share on other sites More sharing options...
Kusje Supersonic May 26, 2017 Share May 26, 2017 Most of the China corporate debt are domestic debt and they do not use the rating from foreign rating agencies. They have their rating agencies. So the domestic debt will not be affected Hi, could you share if their domestic debt is denominated in USD or CNY? Link to post Share on other sites More sharing options...
Somewhat1975 6th Gear May 26, 2017 Share May 26, 2017 Hi, could you share if their domestic debt is denominated in USD or CNY? CNY 1 Link to post Share on other sites More sharing options...
Goldbug 6th Gear May 26, 2017 Author Share May 26, 2017 Most of the China corporate debt are domestic debt and they do not use the rating from foreign rating agencies. They have their rating agencies. So the domestic debt will not be affected The unwinding of the USD/RMB carry trade is going to set it off Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 26, 2017 Share May 26, 2017 (edited) People been saying this since Late 2016. CNH is currently stronger than what is was in dec 2016. 7.2 target was never hit. FX is a crazy thing, there are too many perimeters and its any one's words. Will we see CNH7 to USD1 soon? I dont think so but i have already gone in and out and taken my profits on the carry trade in Q1 this year. No intention to join a party late in the night. I dont want to be caught when the clock strikes twelve and my carraige turns into a pumpkin...... Edited May 26, 2017 by Throttle2 Link to post Share on other sites More sharing options...
Goldbug 6th Gear May 26, 2017 Author Share May 26, 2017 People been saying this since Late 2016. CNH is currently stronger than what is was in dec 2016. 7.2 target was never hit. FX is a crazy thing, there are too many perimeters and its any one's words. Will we see CNH7 to USD1 soon? I dont think so but i have already gone in and out and taken my profits on the carry trade in Q1 this year. No intention to join a party late in the night. I dont want to be caught when the clock strikes twelve and my carraige turns into a pumpkin...... Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 26, 2017 Share May 26, 2017 China is communist, its Central bank is more protective than any other in the world. Many big chinese corp already issued debt at favorable rates already, if rates rise, they will be fine, at least until the next renewal. Adjustments can be made then... Very kelong one lah. 1 Link to post Share on other sites More sharing options...
Goldbug 6th Gear May 26, 2017 Author Share May 26, 2017 China is communist, its Central bank is more protective than any other in the world. Many big chinese corp already issued debt at favorable rates already, if rates rise, they will be fine, at least until the next renewal. Adjustments can be made then... Very kelong one lah. NYT piece https://www.nytimes.com/2017/05/23/business/moodys-downgrades-china-economy-debt.html?_r=0 Link to post Share on other sites More sharing options...
Lala81 Hypersonic May 26, 2017 Share May 26, 2017 Their congress is held this year. U really think there will be a major crash in rmb or their stock exchange or sudden implosion in debt defaults this year? Lol... Xjp and Co top priority for the past 2 years has been maintaining stability for this Congress... not OROB. Chances of this happening is extremely low. If u think so, then u are just following the western thinking of how the Chinese manage their country. Political aims always come first in a communist country. 1 Link to post Share on other sites More sharing options...
Albeniz Turbocharged May 27, 2017 Share May 27, 2017 when T2 go shopping, you all better standby when Goldbug create a new thread, you all better diam diam and listen .... Be afraid, be very very afraid. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 27, 2017 Share May 27, 2017 NYT piece https://www.nytimes.com/2017/05/23/business/moodys-downgrades-china-economy-debt.html?_r=0 This is a reflection of many Singaporeans lives? Link to post Share on other sites More sharing options...
Goldbug 6th Gear May 27, 2017 Author Share May 27, 2017 Their congress is held this year. U really think there will be a major crash in rmb or their stock exchange or sudden implosion in debt defaults this year? Lol... Xjp and Co top priority for the past 2 years has been maintaining stability for this Congress... not OROB. Chances of this happening is extremely low. If u think so, then u are just following the western thinking of how the Chinese manage their country. Political aims always come first in a communist country. this is the best time to make tiongkok/Xi look bad. Link to post Share on other sites More sharing options...
Goldbug 6th Gear May 30, 2017 Author Share May 30, 2017 https://www.youtube.com/watch?v=08ipm6HF2W4 Link to post Share on other sites More sharing options...
Enye Hypersonic May 30, 2017 Share May 30, 2017 no omom no talk ... btw we still waiting for usd crash and cny to replace it as reserve currency what happened to that prediction? Link to post Share on other sites More sharing options...
Lala81 Hypersonic May 31, 2017 Share May 31, 2017 (edited) no omom no talk ... btw we still waiting for usd crash and cny to replace it as reserve currency what happened to that prediction? Edited May 31, 2017 by Lala81 1 Link to post Share on other sites More sharing options...
Pinobii Hypersonic May 31, 2017 Share May 31, 2017 no omom no talk ... btw we still waiting for usd crash and cny to replace it as reserve currency what happened to that prediction? 4 Link to post Share on other sites More sharing options...
Goldbug 6th Gear June 10, 2017 Author Share June 10, 2017 ↡ Advertisement Link to post Share on other sites More sharing options...
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