China's 135 to make the world FLY

Media seems to have forgotten all about Greece and China, the two nations that rocked the economic world earlier this year. The US Fed may have stirred the debt markets a bit, but the world in general seems to be engrossed with Europe's refugee crisis.

I applied for a visa to one of the Schengen nations, and thought that it may be easier to slip in as one of the boat people rather than comply with some inane requirements prescribed by the consular departments of any of these countries. Yes, there is real hardship and risk to life involved, but once in, can be sure of remaining there permanently. I can't understand why there is no 10+ year Schengen visit visa for qualified Indians who have no desire of visiting Europe for any reason other than a holiday and spending hard earned money to boost the Euro economy? Anyway, the Chinese are more welcoming of Indians now, and with the devaluation of the Chinese currency, may as well holiday there. 

Incidentally, the Chinese are rocking the world again with a song celebrating the release of its 13th 5 year development plan (2016 - 2020). The song promises that the plan will be bigger and better than any in the past. It's a plan that will give new improved better than before wings to the Chinese dragon (growth story) to fly and with it the whole world.  But, the western (developed) world is not so convinced. China has spent a huge some of money to stabilize its stock market. It is spending more money by way of rate cuts to keep its real estate market afloat. Each week there is a new story on Chinese ghost towns, empty malls and office buildings. The real economy is close to 5% whereas the authorities have shown it just below 7%. Punters in the form of global analyst have pegged the economy to hover between a low of 2% and a high of 5% for the next few years before the dragon recovers from its illness. Hey! The west grows at 2% or lower and yet it is China that is being called slow.

Here lies the major problem. China virtually own the US and is the world's second largest economy. If its 135 plan won't make it fly then the world will be left to FRY. 

Let's get ready to really rock again to the Chinese economic song, one way or another - it's going to get us. 

Here is a must read:

China's economy is in trouble. How bad is it?