Is The Chinese Economy Grinding To A Halt?

Success is not really about the amount of money you have.Strippers  earn as much as 150,000 naira weekly exposing their naked bodies in clubs.Also, some politicians steal public funds,and leave their people to suffer.The list of ungodly means of making money are endless.Can we say people who make lots of money by ungodly means are successful?The likes of Bill Gates and Aliko Dangote can never be poor simply because they have a solution to some of human problems.Bill Gate helps solve the problem of information technology. .Dangote helps solve the problem of getting some basic needs like salt,cement,flour,steel,oil and gas and real estate.I think success is fulfilling your destiny on earth,and achieving your vision.A lot of rich people today are not successful.What is your own definition of success???

 

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Aug 2nd 2015, 12:00

An investor looks at stock information at a brokerage house in Nanjing, Jiangsu province, China. The Chinese market is dominated by small investors. Photograph: CHINA DAILY/REUTERS

The Guardian: As Chinese shares fall, the real fear is that the economy itself is grinding to a halt

Disastrous losses on the Shanghai exchange are leading to concern that the era of runaway Chinese growth is faltering at a critical time in the world economy

Recent events in Shanghai's stock markets have been all too reminiscent of the tales that have entered American folk memory from the days of the Wall Street crash in 1929: of stock-tipping shoeshine boys, exhausted traders, and ticker-tape machines spooling late into the night.

In China, the Shanghai Composite Index lost more than 8% of its value last Monday, and shares have suffered their worst month for six years, falling by 29% since they peaked in June.

America's great crash, and the policy failures that compounded its effects, helped to trigger the great depression. Partly because of the lessons learned then and since, few analysts believe China is heading for an economic downturn on that scale. But there are growing concerns about what the stock price rollercoaster reveals about the health of the world's second largest economy.

WNU Editor: The Chinese economy is still growing, but not at the rate that they and the rest of the world have gotten use to. But if the economy does stop growing .... or worse .... enter a recession .... the impact on Chinese politics and on the global economy will be profound.

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Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.

Source : http://www.coolnsmart.com/wise_quotes/
Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.

Source : http://www.coolnsmart.com/wise_quotes/

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