Chinese Economics Thread

[kurutoga]

Meanwhile in Shinning India
wall street journal says india's gdp growth is down to 5.7% as of June 30.

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India’s Economy Slowed Last Quarter
Gross domestic product grew 5.7% in the three months ended June 30

In other reports there is a breakdown of the actual spending. It seems people are buying a lot of gold, and government spending is up sharply. Both are the main contributor to GDP growth. Without these the actual GDP is down to 2% level, including manufacturing GDP increase below 2%

 

[SamuraiBlue]

In other reports there is a breakdown of the actual spending. It seems people are buying a lot of gold, and government spending is up sharply. Both are the main contributor to GDP growth. Without these the actual GDP is down to 2% level, including manufacturing GDP increase below 2%

Investment in commodities like Gold and Platinum has always been the sign of speculator's fear that war maybe imminent.

 

[vincent]

Investment in commodities like Gold and Platinum has always been the sign of speculator's fear that war maybe imminent.

Or it is because average indians are losing faith in the rupees. It can become worthless overnight you know

 

[antiterror13]

At first I was confused because Kiwi (a type of bird or fruit) probably can't make milk. Then I realized that it is a nickname for New Zealand.

hahah ... Kiwi is endanger bird and also NZ icon .. there are many KIwi name in NZ .. including Kiwi Bank, Kiwi Rail, etc, etc

 

[SamuraiBlue]

Or it is because average indians are losing faith in the rupees. It can become worthless overnight you know

Indians alone cannot explain the sudden surge in world precious metal commodity market.

Here is the present precious metal market index looks like.

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[antiterror13]

Indians alone cannot explain the sudden surge in world precious metal commodity market.

Here is the present precious metal market index looks like.

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and suddenly (with the help of Google) you can ... and become an "expert" of everything .. and then when somebody with much better knowledge in that matter "challenge" you ... you just run away and quiet for a while without responding ..... and then after a while (out of the blue) ... Eureka! ... suddenly you become another "expert" in other fields

 

[vincent]

Indians alone cannot explain the sudden surge in world precious metal commodity market.

Here is the present precious metal market index looks like.

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Weren't we talking about Indian buying lots of gold?

 

[KIENCHIN]

Weren't we talking about Indian buying lots of gold?

Traditionally Indians especially the women like to horde gold whether as a form of saving or a sign of one's wealth. I have been buying gold bullion at a steady pace since the SCS crisis, especially so after Trump became president and I don't see any major spike in price. As Warren Buffet said gold is useless investment but as a hedge in times of global tension eve WB could be wrong.

 

[Jura The idiot]

now I read
Chinese premier underlines innovation in economic upgrading
Xinhua| 2017-09-05 22:41:51

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Chinese Premier Li Keqiang has stressed the role of innovation in economic transformation and upgrading.

During an inspection tour to north China's Shanxi Province on Monday and Tuesday, Li visited a base for entrepreneurship and innovation and applauded its services to small and micro-sized enterprises and its model that integrates research and development with production.

The base offers a platform for innovation of small companies, and can also help create considerable economic and social returns, Li said.

"Integrating creativity with the market will form strong new impetus and make a huge contribution to economic transformation and upgrading," the premier said.

While visiting a coal mine owned by Lu'an Group, Li said that reducing production capacity will make way for quality and advanced capacity.

"Human resources are the most valuable treasure," Li said, encouraging Lu'an Group to create more jobs by developing non-coal industries and helping former workers start their own businesses.

Former workers laid-off due to reduced capacity might have been a burden for previous employers, but they will become required talent in new companies, the premier said.

Companies of all sizes can stimulate the enthusiasm and creativity of employees through encouraging mass entrepreneurship and innovation, an approach that will raise their core competitiveness, according to Li.

He added that craftsmen should pass on their skills to apprentices to make Chinese-made products competitive in terms of both price and quality.

Li also went to a village in Shanxi to visit rural residents living in poverty and learn about medical services there.

 

[AssassinsMace]

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When do we get to hear Jim Chanos lose his shirt...?

Gordon Chang, where Jim Chanos got all his ideas, has been so wrong on predicting China's collapse that now he's calling for the US to cut trade with China over North Korea in order to collapse the economy just so he can claim he was right.