China GDP growth and social unrest

Li Yanping and Philip Lagerkranser of Bloomberg News report that Liu Mingkang, China's banking supervisor, and Zhou Xiaochuan, governor of the central bank, both see the risks tilted to the downside for the government's 2009 growth forecast of 8%.

More tidbits:

Liu said last month that an expansion of 7 percent or less could trigger social instability.

(...)

The regulatory commission will drop its target of reducing the balance and ratio of bad loans after five years of declines, and instead aim to prevent a “massive and rapid rebound” in soured debts, Liu Mingkang said.

I could go on, but it's so packed, you're better off reading the whole article.

I also recommend Victor Shih's persuasive rebuttal of a UBS research report claiming that Chinese inmigrant workers are incompetent at organizing revolts.

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Li Yanping y Philip Lagerkranser de Bloomberg reportan que el supervisor bancario de China, Liu Mingkang, y el gobernador del banco central, Zhou Xiaochuan, ven los riesgos sesgados a la baja del pronóstico oficial de crecimiento en el PIB en China para el 2009 de 8%.

Más detalles del mismo artículo:

Liu said last month that an expansion of 7 percent or less could trigger social instability.

(...)

The regulatory commission will drop its target of reducing the balance and ratio of bad loans after five years of declines, and instead aim to prevent a “massive and rapid rebound” in soured debts, Liu Mingkang said.

Podría continuar, pero está tan repleto, mejor recomiendo que lo lean todo.

También recomiendo la réplica persuasiva de Victor Shih a una nota de investigación de UBS que cuestiona la competencia de los campesinos chinos para rebelarse.