and there are experts that claim China's growth rate is close to zero. On what basis they made their claim on? How can we know they didn't pull their numbers out of their asses?
Chinese Economics Thread
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and there are experts that claim China's growth rate is close to zero. On what basis they made their claim on? How can we know they didn't pull their numbers out of their asses?
Just for fun and perspective, regarding the quality of inventions, I suggest you to google "Japanese inventions", then click pictures, see what you get.
And I am sure they will be registered as patent as law does not exclude them.This is not necessarily limited to Japan, I believe it is common everywhere, I remember hearing an ridiculous patent from a friend working in the Chinese patent agency some years ago too "an ATM machine which chop hands after three failed pin code".
What I am trying to say is that, it is easy to drop the line "someone's has better quality" without looking into details, reality could be different. After all, all humans are similar in their inert imagination, nobody is better than others.
2016-04-09 16:25:48 Xinhua Web Editor: Fei Fei
A service station, backed by Alibaba 's Taobao.com, in a village in southwest China's Guizhou province opens on April 7, 2016. The establishment aims to facilitate services for online shoppers in the rural area. [Photo: gog.cn]
Online shopping is thriving in rural China, with last year's transactions nearly double the 2014 amount, a Ministry of Commerce official said.
Online purchases in rural areas were up 96 percent year on year to 353 billion yuan (55 billion U.S. dollars) in 2015, said assistant minister of commerce Wang Bingnan, at a briefing.
China now has more than 3,000 commercial websites specifically targeting rural areas, Wang told reporters, but acknowledged that a lack of properly trained people, poor competitiveness, an incomplete marketplace and weak infrastructure were hindering expansion. The ministry hopes to improve the logistics network and train more people.
Despite an economic slowdown, online retail sales in China remained strong, jumping 33.3 percent year on year to 3.88 trillion yuan in 2015.
Hong Kong is joining, but it more tricky for Taiwan to join.
------------
By Yuan-Ming Chiao, The China Post
April 10, 2016, 12:04 am TWN
TAIPEI, Taiwan -- The president of the Beijing-led Asian Infrastructure Investment Bank (AIIB) said late Friday that Taiwan's membership bid must go through the People's Republic of China's finance ministry.
The statement by AIIB leader Jin Liqun was the clearest pronouncement of China's position on Taiwan's membership in the multilateral investment bank. Jin stated that Article 3, Paragraph 3 of the bank's "Articles of Agreement" prevented Taiwan from applying since it "is not sovereign or not responsible for the conduct of its international relations." He said that like Hong Kong, a future Taiwanese bid to join the bank would have to be submitted to China's finance ministry.
Jin said that the Articles of Agreement were not only created by China alone, but by the bank's membership constituents as a whole.
The decision will likely be rejected by Taiwan's government, which said that submitting an application under the designation "Chinese Taipei" represented the "bottom line" of its membership bid for the bank. Government officials have stated that Taiwan would not accept membership into the body at the cost of national dignity.
Taiwan had previously submitted its application to become a founding member of the bank in 2015, but the bid was eventually rejected by Beijing. Taiwan's government has also stated on multiple occasions that AIIB membership is not a "domestic issue" and that the "sovereignty clause" did not apply to it. Taiwan previously planned to submit an application as an "ordinary member" in early 2016.
Last October, Taiwan's Cabinet-level Mainland Affairs Council (MAC) stated that the R.O.C. satisfied the requirements for bank membership, quoting Article 3, Paragraph 3 which states that countries who are already members of the International Bank for Reconstruction and Development or the Asian Development Bank (ADB) may be admitted as members though a majority vote of the bank's board of governors.
Under the designation of R.O.C., Taiwan was a founding member of the ADB in 1966.
The AIIB was first proposed by Beijing in 2013 and was launched officially in October 2014. The bank's authorized capital stock is US$100 billion, which is smaller than the ADB and the World Bank.
Jin stated that a second major round of meetings later this month would discuss the membership of Hong Kong and Singapore, and would likely see bank membership increasing from 57 to 100 countries and regions. The United States and Japan are major economies that have chosen not to join the bank.
------------
By Yuan-Ming Chiao, The China Post
April 10, 2016, 12:04 am TWN
TAIPEI, Taiwan -- The president of the Beijing-led Asian Infrastructure Investment Bank (AIIB) said late Friday that Taiwan's membership bid must go through the People's Republic of China's finance ministry.
The statement by AIIB leader Jin Liqun was the clearest pronouncement of China's position on Taiwan's membership in the multilateral investment bank. Jin stated that Article 3, Paragraph 3 of the bank's "Articles of Agreement" prevented Taiwan from applying since it "is not sovereign or not responsible for the conduct of its international relations." He said that like Hong Kong, a future Taiwanese bid to join the bank would have to be submitted to China's finance ministry.
Jin said that the Articles of Agreement were not only created by China alone, but by the bank's membership constituents as a whole.
The decision will likely be rejected by Taiwan's government, which said that submitting an application under the designation "Chinese Taipei" represented the "bottom line" of its membership bid for the bank. Government officials have stated that Taiwan would not accept membership into the body at the cost of national dignity.
Taiwan had previously submitted its application to become a founding member of the bank in 2015, but the bid was eventually rejected by Beijing. Taiwan's government has also stated on multiple occasions that AIIB membership is not a "domestic issue" and that the "sovereignty clause" did not apply to it. Taiwan previously planned to submit an application as an "ordinary member" in early 2016.
Last October, Taiwan's Cabinet-level Mainland Affairs Council (MAC) stated that the R.O.C. satisfied the requirements for bank membership, quoting Article 3, Paragraph 3 which states that countries who are already members of the International Bank for Reconstruction and Development or the Asian Development Bank (ADB) may be admitted as members though a majority vote of the bank's board of governors.
Under the designation of R.O.C., Taiwan was a founding member of the ADB in 1966.
The AIIB was first proposed by Beijing in 2013 and was launched officially in October 2014. The bank's authorized capital stock is US$100 billion, which is smaller than the ADB and the World Bank.
Jin stated that a second major round of meetings later this month would discuss the membership of Hong Kong and Singapore, and would likely see bank membership increasing from 57 to 100 countries and regions. The United States and Japan are major economies that have chosen not to join the bank.
antiterror13
Brigadier
If I were PRC top official, I would allow Taiwan to join and submit the application directly as "Chinese Taipei"
A country which is expected to have a middle class of 800 million with its associated discretionary spending is too good a market for any country to contemplate walking away from as suggested in the korea thread.
It has been dubbed the "mining to the dining" boom and Australia has sent its biggest-ever trade delegation to China to capitalise on it.
It is a major shift in Australia's trading relationship with China as the world's second-biggest economy restructures from manufacturing and exports towards services and consumption.
On the outskirts of Beijing is a vision of the future — a high-tech, clean green agricultural centre that uses hydroponics and LED lighting to minimise water, energy and land usage.
It is a message to the 300 Australian business delegates who are touring the site.
Michael Boddington, an agribusiness consultant who has been working in China for 18 years, said China
was moving away from basic food production to more value-added food production.
"The key message that pulls through the Government is sustainable agriculture, food security and food safety," Mr Boddington said.
China's middle class is driving the change, with consumption (not exports) now the biggest driver of the economy. Consumption is only set to grow by 2030, with China expected to have a middle class of a staggering 800 million people..
Australians must adapt to different style of business
Australian producers are well placed to profit from this but Australians already doing business in China said it was easy to underestimate the difficulty and complexity of the market.
ess Cam from Signature Beef, who has been selling beef to the Chinese for a decade, said producers had to "drill down and make specific relationships".
"Not every relationship is successful so it's a process of doing the legwork, doing homework and building relationships," she said.
Guy Adams, who runs the family winery Brothers in Arms, said doing business in China was all about patience.
"The way people do business, the style of things, the tastes, the packaging, everything is quite complex so one model doesn't suit all," he said.
Government, investors not fazed by economic slowdown
This week 1,000 business people will visit 150 locations all over China, to capitalise on the new market access delivered by the free trade agreement signed last year.
Minister of Trade and Investment Steven Ciobo is not deterred by the slowdown in China and says the volumes of trade are massive.
Slower growth rates of 6.9 per cent of GDP are equivalent to 12 per cent growth rates of a decade ago as the economy has doubled in size. At end of the week Mr Ciobo expects some key deals to be concluded.
"We want to develop key relationships, people to people, because ultimately the benchmark of success will be by building these relationships, growing Australian exports, investments and that will under-source economic growth for many years to come," Mr Ciobo said.
The value of Australia's food exports to China has grown 16 per cent over the last decade and at this rate the Reserve Bank predicts it will overtake iron ore by 2030.
Prime Minister Malcolm Turnbull will fly to China tomorrow to support the trade push.
It has been dubbed the "mining to the dining" boom and Australia has sent its biggest-ever trade delegation to China to capitalise on it.
It is a major shift in Australia's trading relationship with China as the world's second-biggest economy restructures from manufacturing and exports towards services and consumption.
On the outskirts of Beijing is a vision of the future — a high-tech, clean green agricultural centre that uses hydroponics and LED lighting to minimise water, energy and land usage.
It is a message to the 300 Australian business delegates who are touring the site.
Michael Boddington, an agribusiness consultant who has been working in China for 18 years, said China
was moving away from basic food production to more value-added food production.
"The key message that pulls through the Government is sustainable agriculture, food security and food safety," Mr Boddington said.
China's middle class is driving the change, with consumption (not exports) now the biggest driver of the economy. Consumption is only set to grow by 2030, with China expected to have a middle class of a staggering 800 million people..
Australians must adapt to different style of business
Australian producers are well placed to profit from this but Australians already doing business in China said it was easy to underestimate the difficulty and complexity of the market.
ess Cam from Signature Beef, who has been selling beef to the Chinese for a decade, said producers had to "drill down and make specific relationships".
"Not every relationship is successful so it's a process of doing the legwork, doing homework and building relationships," she said.
Guy Adams, who runs the family winery Brothers in Arms, said doing business in China was all about patience.
"The way people do business, the style of things, the tastes, the packaging, everything is quite complex so one model doesn't suit all," he said.
Government, investors not fazed by economic slowdown
This week 1,000 business people will visit 150 locations all over China, to capitalise on the new market access delivered by the free trade agreement signed last year.
Minister of Trade and Investment Steven Ciobo is not deterred by the slowdown in China and says the volumes of trade are massive.
Slower growth rates of 6.9 per cent of GDP are equivalent to 12 per cent growth rates of a decade ago as the economy has doubled in size. At end of the week Mr Ciobo expects some key deals to be concluded.
"We want to develop key relationships, people to people, because ultimately the benchmark of success will be by building these relationships, growing Australian exports, investments and that will under-source economic growth for many years to come," Mr Ciobo said.
The value of Australia's food exports to China has grown 16 per cent over the last decade and at this rate the Reserve Bank predicts it will overtake iron ore by 2030.
Prime Minister Malcolm Turnbull will fly to China tomorrow to support the trade push.
Ultra
Junior Member
AHAHAHAHA.
Turbull kowtowing to China should be the headline.
His trade delegate will get nothing in return in this fancy trip because of Australia's insistence on SCS issue which they have no claim or stake in. His failing trade economic policy in the years following will only increase his kowtowing to China.
China Renews Its First Overseas Project, to Import 70 mln Tons of Iron Ore in Next 5 Years
By Zou Luxiao (People's Daily Online) 00:21, April 16, 2016
China’s state-owned Sinosteel have inked an agreement with Australian mining major Rio Tinto to extend their Channar Mining joint venture partnership in Beijing on April 15, 2016. Chinese Premier Li Keqiang and the visiting Australian Prime Minister Malcolm Turnbull witnessed the signing ceremony.
According to the agreement, Sinosteel will obtain a supply of 30 million tons of iron ore, and will make a one-off payment of over 59 million USD and other production royalties up to 500 million USD over the five-year extension period.
A separate deal signed simultaneously says that Rio Tinto is to supply another 40 million tons of iron ore at most from 2016 to 2021. The deal signifies that, in the next five years, Australia’s Channar mine can export a total of 70 million tons of iron ore at most in the next five years.
By Zou Luxiao (People's Daily Online) 00:21, April 16, 2016
China’s state-owned Sinosteel have inked an agreement with Australian mining major Rio Tinto to extend their Channar Mining joint venture partnership in Beijing on April 15, 2016. Chinese Premier Li Keqiang and the visiting Australian Prime Minister Malcolm Turnbull witnessed the signing ceremony.
According to the agreement, Sinosteel will obtain a supply of 30 million tons of iron ore, and will make a one-off payment of over 59 million USD and other production royalties up to 500 million USD over the five-year extension period.
A separate deal signed simultaneously says that Rio Tinto is to supply another 40 million tons of iron ore at most from 2016 to 2021. The deal signifies that, in the next five years, Australia’s Channar mine can export a total of 70 million tons of iron ore at most in the next five years.
Blackstone
Brigadier
Maybe Taiwan Province, Republic of China, or as a compromise, how about Taiwan Province, China? Either way, the 'Province' part should be 100% clear to those Taiwan independence lunatics.