self-assessment to China Crisis

It was difficult to listen fast speaking and "swallowing" of syllables in some words.

China crisis

I've listened interview with two popular investors, Altony Bolton and James Chanos. 

International funds forecast that economic growth in China will reach 10% in this year and the economy of China can overtake Japan as the second biggest economy in the world with the biggest stock market.

According to Altony Bolton, there are power shifts in the intentions of the west investors. investments go to the East. If the Chinese economy becomes the biggest, it will be the proof of that.

But there is the other site of economic growth in China. Problem is the emergence of red-hot property markets which can burst like bubbles. Although the government is cutting on landing, investors think that China is heading for fall.

According to James Chanos, demand on property market can not outstrip supply, The prices are so high that people even in urban areas can not afford to buy residential property. Also he has said that the government "forces" to buy fixed assets to reach the growth.

self-assessment

It was very difficult for me to listen and understand that report . I've understood small parts of it, which i've written. Some noises in that report hindered my concentration. Sometimes the reporter spoke very fast and i could not understand him and guinean journalist, which spoke with accent.

Guinea

I've listened to report about economic and financial situation in Guinea.Guinea is the one of the largest export-country in the world. Inspite of that Guinea is very cash poor. Guinea is called local scandal. It is rich by minerals, gold and diamonds, but people have very little profit from that. New government has promised to struggle with corruption and follow business interests. The previous government has chosen to negotiate a lot of contracts with home producers. According to guinean financial journalist, the govenment wanted to win a support of guineans by increasing capital. After that a lot of factories and plants were closed. People were indignant by corruptoin and exploitation. They had decided to hold peaceful demonstration, which was dispersed by soldiers. The government ordered to open fire. After this the investigation was hold.
There also a lot of disputes about contract between China and Guinea. The Chinese International Fund has decided to invest 79 billion of dollars in infrastructure of Guinea. It does not look realistic, because it is impossible to invest in a place, which so financially limited.

self-assessment

I want to admit that i have some difficulties in listening. First, i do not know enough terms and words,but i know i will learn them! Second, i should get used to different pronounciations, accents and fast speaking.

Capitalism in communist China

I have listened interview with professor of Cambridge University about the model capitalism in China. Capitalism means that firms and consumers can make their own decisions, but communism makes decisions centrally. Journalist and professor are discussing how these 2 models can co-exist in the same space. In communism a big part of firms is monopolized be state and controlled in prices. If a person wants to be individual in China and he has a bright idea, he will has one problem: private sector has not channel to raise money, because part of banks is controlled by central government. So it is hard to raise money through bank system. Good way for interpreneurs is to identify some business opportunities in local government sector and ask help from it. In this case it helps get money from bank to do business. China is country where state controls capitalism to activate economy and provide market with supply . According to professor, Chinese workers has a more freedom now than before, they can move from city to city. Financial system is the top of China. It is very important to make the system more flexible to accomodate eventual capital requirements. Government also try to solve the problem of riches and poors, which can destroy the society.