Chinese Economics Thread

Every country is different. Comparing those numbers is like saying that there are people who are 7 feet tall and you are only 6'4" so you must have malnutrition if you are not still growing. Every country has different levels of urbanization, different population demographics for what percent of people live in dens cities, and different levels of public transportation. Cars per person in dense cities with excellent public transportation will be much lower than in sparsely populated placed. To make it simple for people like you, everyone owns a car in Texas but maybe 1 in 3 or 4 owns a car in Manhattan and it's not because people in Manhattan are poorer.

No. Reread https://www.sinodefenceforum.com/chinese-economics-thread.t3715/page-957#post-534894. You clearly didn't understand. If you reread it many times and this is still your conclusion, then your English is too poor to continue. You must improve your English reading skills.

Sadly, your English reading skills are too low to detect emotion in writing; unless you consider derision for stupidity an emotion... You also clearly did not understand the article you posted about pork; it says that pork is declining because diets are getting healthier. It says that right in the title and that's what I told you before. You're posting articles against your own incorrect views. I really don't understand why you're so incompetent.

This is Chinese consumer spending rising every year across the board, proving your belief that Chinese consumers have less money to spend is untrue:
https://tradingeconomics.com/china/consumer-spending

 

China has more rich people than Japan does AND a lot more Chinese women are billionaires. You've already missed the point and therefore keep moving the goal post because you can't see the world outside your prejudice of Chinese communism can be so successful without adapting to your narrow Western ways point of view.

 

I think it is simply due to the lack of understanding of the concept "average".

China have more wealthy person than Japan, but have bigger population as well.

So, you say that the average Chinese living in inferior conditions compared to the Japanese counterpart, but it is not an issue because there is twice (guess) as much billionaire than in Japan?
And the average Chinese can afford less, car, but it is not an issue, because the wealthy can buy more expensive models?

 

Rather it's the lack of your thinking and still continuing to measure China to an already out of reality model like Japan or the US. Living in China is far more affordable than in Japan or the US in many places. China has far more new skyscrapers and infrastructure projects than the US and Japan COMBINE. They don't just built "ghost cities" for the sake of it, they develops them early because of future demands and continuing progress of China's middle class (which is far larger than Japan and the US).

 

Don't bring up texas, explain SK

So, why China ( and the Chiense ) are different than the Koreans ?

Again, magic of average.

The number of sold pork is fact, the "getting healthier" is a lame and low probability explanation.

No one argue about that 2017 WAS the best year of Chinese consumer.

It is about the past half year : )

 

I presume the affordable place and the skyscraper place is no the same : P.

Anyway, as you said , Japan is affordable for the Japanese, China is for the Chinese.
It is a good observation, but what value it gives to us?

There was periods in every country when there was lot of infrastructure projects.
Usually afterwards there was a big recession.


Are you aware of that this "future demands" is nonsense economically ?
With a big ticket investment the loan coast is the devastating part, and having something that doesn't make money for years means waste on huge scale.

 

That it is getting costlier to live in big popular cities. China can build out onto other parts of their undeveloped county while Japan can not when it comes to building affordable homes with good public transportation and infrastructure.

China is a 5,000 year old civilization she's been there done that. And she is rising back to the top again. Meanwhile western civilization is slowly decaying through their own fault.

Demand is still demand. You don't just built something and hope that someone will buy and occupy it even when the building market is saturated. This isn't Miami, Florida. China on the other hand has plenty of room to build and grow. Japan....nope.

 

Interesting, if the new homes are affordable then why there are world record level of empty apartment ?

China spent the past century to become similar to the decadent west : ) Even if it meant to destroy all of its history ,like artworks, government structure, political order, education.

Demand is not future, that is present.

If you built something , but there is no buyer for it the it is waste.

Maybe in ten years time there will be buyer, but that will means a loss of capital, in the range of 50-80%.

By this effort you can make vacuum tubes, hoping that there will be a customer for them in the distant future.

 

It is official using the old yardstick of $10000 US/capita China is now a wealthy country They raised it to $12000 now But even that will be breached soon. It is a milestone and has been long hard drive full of twist and turn But finally they realized that the most important thing for government is to raise the people's standard of living. It is comparable to Korean living standard at Seoul Olympic 1988
http://www.country-data.com/cgi-bin/query/r-12327.html
But Korea is stagnating now many young people couldn't find a job . For China the best is yet to come . China still has the economic vigor for another 20 years
Via Adam Wang
CHINA GDP Per capita estimated in 2018 $10,087

Source: wikipedia
GDP (nominal) 2018 estimate
• Total
$14.092 trillion(2nd)
• Per capita
$10,087(71st)
Original Source:IMF.https://www.imf.org/external/datamapper/datasets/WEO/1

 

LOLOLO WHYYYY don't bring up Texas? you brought up everybody including the Romans to try to give examples of why China's economy will fail and now we have to focus on Korea?? I don't need to explain anything to you. China is different from Korea because it's not Korea. America is different from Korea because it's not Korea. Russia is different from Korea because it's not Korea. Countries aren't versions of each other; they're different completely. This is not the South Korean economy thread; if you want to discuss SK, open a thread and see if anyone wants to talk to you.

I really don't know what "magic of average" means; that's not English. But you call it magic again? You don't understand Chinese economics so you called it magic and not you don't understand English so that's magic too? LOL World must be a magical place to you! haha

My quotes are very clear to everyone who speaks English; I don't know how to make them simpler for you. Your level, in knowledge and in English, are both just too low for this discussion. I can give you the reading materials again but I'm not your father so ultimately it's not my prerogative to explain it to you in hundreds of different ways until something finally clicks in your "brain."

Reading Materials (Again):
"China is selling fewer cheap conventional cars and more expensive high-tech cars. That does not point to declining ability to afford things. If it was like Europe and we start seeing Chinese people buy more small cheap cars, maybe we can conclude that.

Trucks took the biggest hit, yes. For many reasons:
1. China's economy is shifting away from producing tons of cheap goods to streamlined high tech goods. That's reduced shipping volume.
2. China's economy is shifting towards the services sector, to further reduce the shipping requirement.
3. China's high speed rails have left many older trains that take 16 hours to go from Shanghai to Nanjing without passengers so they have become cargo trains. Although trucks still have to load and unload them from their origin and destination, that means these trucks are driving 15 miles instead of 500 miles. That increased their longevity significantly."

"The world right now is shifting from conventional vehicles to EV and/or hybrid energy vehicles. It is still a relatively new concept and these cars are improving rapidly compared to conventionally-fueled vehicles, which are very mature technology. What happens right before the new iphone or Samsung or Huawei comes out? Sales of the current models drop off in anticipation for improvement. This drop in sales can in no way be interpreted as under-performance or economic disaster for the company.

Car sales are basically declining in every major economy around the world now. I believe another factor is that with the maturation of traditionally-fueled vehicle technology, the cars of today are lasting longer than the cars of the past and that is causing the replacement rate to drop."

Then why did you quote that article?? That is an article that YOU cited as your evidence and when I told you what it said (right in the title), you called it lame. You just can't stop slapping yourself in the face, can you?

And it doesn't matter what you think is a "lame explanation" because that's a fact and it's also a government initiative. You think everyone who eats salad and seafood is because they're too poor to eat pork? Your explanation is the stupidest one of all. It's not just unlikely; it's not possible.

Why is pork so important to you? Do you have a pork fetish or something? How about beef and seafood? Don't like those? They don't count as food? LOL

Compared to all the years before 2017, nobody argues. Compared to 2018, I argue. Until 2018 data comes out, this will have to do:

https://techcrunch.com/2018/11/11/alibaba-singles-day-2018-31b/
"As the world anticipates when the supercharged shopping day will hit a ceiling, sales are already cooling. The final total of 2018 represents a 27 percent increase from last year. That’s the lowest Alibaba has seen in the history of Singles’ Day sales, and a drop from 36 percent in 2017 — still, it remains impressive given how large the target is each year."