Chinese Economics Thread

[Hendrik_2000]

Stop comparing China to Poland There is no comparison China is the 2nd largest economy in the world Poland rank 25th in the world
There are 2 China the wealthy eastern province and the poorer inland province There are 250 million Chinese in eastern province could be wealthier than Poland 37 million

So your comparison in meaningless It will be even worse in the future China lag because she make mistake of wasting 30 years development in inter cine power struggle But that is water under the bridge now
China is now into computer, communication, semiconductor, quantum technology , A1, robotic and automated plant
Where is Poland other than making Polish sausage?. Gdansk is now withering

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Beijing, Shanghai And Tainjin are at or slightly above the Cyprus level based upon PPP per capita GDP in 2017. Combined they have a population of 60 million.

Jiangsu with about the population of Germany at 80 million will be above the Portugal level of PPP per person.

Beijing, Shanghai And Tainjin should pass Portugal on exchange rate basis per capita GDP in 2018.

By 2024, the top 7 or 8 provinces with over 300 million should be pass the Portugal level of exchange rate basis GDP per capita.

By 2027, the ten richest provinces in China with about 400 million people will be at about the middle income level of Europe Portugal to Italy level. The richest cities in China will be like France in per capita income.

China has

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Poland is the 8th most populace European country with 38 million. The 9th most populace European country is Romania with 19.7 million. Only 5 of China’s provinces have populations lower than Romania.

 

[Jura The idiot]

... Romania.

now I read
Chinese SOEs' profits continue strong rally
Xinhua| 2018-09-26 16:01:18

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Profits of China's State-owned enterprises (SOEs) continued to grow steadily in the first eight months of this year, but at a slower pace, data showed Wednesday.

Combined profits reached 2.3 trillion yuan (about 335 billion U.S. dollars) for the January-August period, up 20.7 percent year on year, according to the Ministry of Finance.

The pace of growth was slower than the 21.4-percent rise registered in the January-July period.

SOE business revenue rose 10.3 percent to over 37 trillion yuan in the first eight months, while operating costs expanded 9.7 percent year on year to 35.57 trillion yuan.

By the end of August, total SOE assets had reached 173.88 trillion yuan, up 8.4 percent from a year earlier, while liabilities had climbed 7.6 percent to 112.83 trillion yuan.

SOEs in sectors including steel, oil, petrochemicals, non-ferrous metals and coal posted stronger profit increases in the said period.

 

[Jura The idiot]

Hendrik... what did you mean by saying:

Gdansk is now withering

??

 

[taxiya]

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China Announces More Tariff Cuts to Spur Spending, Investment

State Council doesn’t say whether reductions will apply to U.S. products

BEIJING—China says it will take another step to cut tariffs on imported goods, as it seeks to combat a slowing economy amid escalating trade tensions with the U.S.

China’s State Council announced broad details of the cuts late Wednesday, without saying whether they would apply to U.S. products. China has previously vowed to exclude from tariff reductions any nation engaged in a trade fight with it.

State Council has said via MoC that U.S. products are subjected to the tariff increase. It has been publicly announced multiple times. WSJ is just trying to get self-comfort by shutting their own ears.

China's cutting tariff from other countries can serve two purposes:

1. Encouraging Chinese consumers to switch to non U.S. products.
2. To compensate the U.S. tariff on goods assembled in China with imported materials.
3. To make China's export of such goods even more competitive to markets outside of U.S. Especially attractive to the countries who export the materials.

The more cut of tariff and other barriers, the more integrated with China these exporting countries' economy become, at the end these countries and China will be unified one (like a country in economy terms) pretty much like ECC (predecessor of EU).
The essence of current "trade war" is about building a economical order around a center, who is to be the center. Trump wants to cut China out and force others to re-integrate to U.S. centered economy order. China wants to hold and expand the network around China.

This essence also means that the "war" will last much longer and have much greater impact to the world, unlike previous frictions during Ragan, Bush Sr., Clinton and Obama era when U.S. is satisfied with and China willing to the solution of China making a one-time big shopping of Boeing aircrafts etc.

 

[manqiangrexue]

The Chinese growth looks like "big " because in 1990 in that country was backward compared to even Nigeria ( the African country had twice as big GDP PPP : O )

China's growth doesn't "look" big; it is big! That's the definition of growth: the change from before to after. That's how everybody calculates growth; nobody says growth isn't big because it used to be small! The whole point of growth is to become large from small. You are so jealous of China that you are trying to change the definition of the word, "growth." LOL

Actually, if we take the performance of Poland in 1991 then the advancement is 29%, more than China.

That's for mathematically retarded people who only know how to add and subtract LOL. To calculate growth percentage, you need to actually know how to multiply and divide; you can't compensate for not knowing multiplication/division by doing additional nonsense addition and subtraction. Assuming your chart numbers are right (which is a big assumption since you gave percentages without saying what they are percentages of LOL), China's 33/5=633% growth while Poland's 60/32=188% growth. That's how everyone calculates growth; that's the magic of multiplication! And if you didn't understand that, you can take a look a Warsaw and take a look at Beijing and figure it out with common sense who's doing better LOL

And China at the moment is on the level like Poland was in 1990.

I must have missed that chapter in history class when in the 1990's Poland had world-leading and world-beating technology, was widely regarded as the next superpower and had the US scared of its economic rivalry! LOL Or was that chapter only taught at your "school"? Anyone here else heard of it?

How China managed to have half of the GDP of Nigeria in 1990 ?

I dunno, how does Europe manage to be stagnant for so long? How come losers love to talk about the past? LOL All good questions!

The history written by the winners.

Ooooooohhhhhh we have a Nazi sympathizer!!!! LOLOL No wonder you've got such a bad case of hopeful schadenfreude...

 

[Hendrik_2000]

Hendrik... what did you mean by saying:
??

Because at one time Poland has a thriving shipping industry around city of Gdansk but now it is wither
file:///C:/Users/Acer/Downloads/FallandRiseofPolishShipbuildingIndustry.pdf

 

[Jura The idiot]

Because at one time Poland has a thriving shipping industry around city of Gdansk but now it is wither
file:///C:/Users/Acer/Downloads/FallandRiseofPolishShipbuildingIndustry.pdf

oh it appears you brought up Gdańsk to perhaps counter
Anlsvrthng
who by the way has been receiving limelight here for several weeks LOL

Gdańsk Shipyard, then bearing Lenin's name, became famous after Wałęsa had been able to establish non-Communistic Labor Union there in 1980 (nineteen-eighty);
was like shock for the whole Soviet Block

 

[Anlsvrthng]

Stop comparing China to Poland There is no comparison China is the 2nd largest economy in the world Poland rank 25th in the world
There are 2 China the wealthy eastern province and the poorer inland province There are 250 million Chinese in eastern province could be wealthier than Poland 37 million

So your comparison in meaningless It will be even worse in the future China lag because she make mistake of wasting 30 years development in inter cine power struggle But that is water under the bridge now
China is now into computer, communication, semiconductor, quantum technology , A1, robotic and automated plant
Where is Poland other than making Polish sausage?. Gdansk is now withering

Please, Log in or Register to view URLs content!

View attachment 48974

Beijing, Shanghai And Tainjin are at or slightly above the Cyprus level based upon PPP per capita GDP in 2017. Combined they have a population of 60 million.

Jiangsu with about the population of Germany at 80 million will be above the Portugal level of PPP per person.

Beijing, Shanghai And Tainjin should pass Portugal on exchange rate basis per capita GDP in 2018.

By 2024, the top 7 or 8 provinces with over 300 million should be pass the Portugal level of exchange rate basis GDP per capita.

By 2027, the ten richest provinces in China with about 400 million people will be at about the middle income level of Europe Portugal to Italy level. The richest cities in China will be like France in per capita income.

China has

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Poland is the 8th most populace European country with 38 million. The 9th most populace European country is Romania with 19.7 million. Only 5 of China’s provinces have populations lower than Romania.

You just made an observation about that a country regions has huge spread in term of GDP.

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IF you check BRazil ( or any other country ) you can see 3 to 1 spread, and many region has half of the average GDP.

China is big country , means it has bigger central regions, but otherwise it is a proof of what?
Washington DC in USA has 165 000 $/capita GDP, three times more than the average of USA , if you looks for extremes.

Simply having regions in China with lower than average GDP doesn't means that these regions will be the "drive of growth" as many vision it, it simply means that every population sample follow the pareto curve.

And anyway, why you think that the Chinese growth different than from any other country around the world?

I found two compelling reason of it, maybe you have more:
1. The Chinese people different, poses characteristic that is not shared by any gene pool around the word:
Issue : I don't thin that any race is better than the other, and I never seen any analysis support more than superficial differences .
2. The Chinese has a superior cultural, political and economical background organisation
Issue : in 1990 they had half of the GDP PPP of Nigeria. You can not get that low ( without war like Germany ) if you posses any of the above
3. China is very big, and it makes it completely different.
Issue : small countries can get very rich more easily than big ones. Actually, in Slovakia a leader if spend 1 week for each million with the citizens of his country to found out the need will finish in 5 weeks, and can keep in his head all relevant data and can make decision based on that. In China it would take more than 20 years ,and impossible to even estimate the complexity of relationships.


And anyway, my point is simple: it is NOT true the eastern EU countries stagnating. They close they gap as fast with Germany as China closing its gap with say Argentina ,

And semiconductors: China is a big country, means it can have a small region where you have advanced manufacturing techniques, but it doesn't means that the region is representing the whole country.

Actually, the government even can pull make a net loss making region, that depending on the poorer parts of the country, to make a window for the world with ten millions of citizens - simply it is big enough for that.

Where is Poland other than making Polish sausage?. Gdansk is now withering
[\quote]
Polish hasn't got good sausage, the Germans are the master of that food : )
And usually it can be surprising what industries you can found in a given country .
Example I have Bulgarian single board computers and accessories : D

 

[Anlsvrthng]

I must have missed that chapter in history class when in the 1990's Poland had world-leading and world-beating technology, was widely regarded as the next superpower and had the US scared of its economic rivalry! LOL Or was that chapter only taught at your "school"? Anyone here else heard of it?

The CCCP was a superpower, very advanced in many high tech area, but its per capital economical performance was inferior compared to USA, and it was very visible in the average of level of living as well.

It managed to grow very fast to the third / half level of USA , but after that it sucked .

 

[manqiangrexue]

The CCCP was a superpower, very advanced in many high tech area, but its per capital economical performance was inferior compared to USA, and it was very visible in the average of level of living as well.

It managed to grow very fast to the third / half level of USA , but after that it sucked .

Yeah that's totally off topic LOL. CCP and CCCP are completely different and in many areas, CCP learned from the mistakes of the CCCP. CCCP's total GDP/resources never exceeded 10% of that of the US while China's is currently more than the US by PPP and about 2/3rds by nominal GDP. Totally different animal. Your fixation on nominal GDP per capita is really the least relevant measure to national power and development.

And anyway, my point is simple: it is NOT true the eastern EU countries stagnating.

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Looks stagnant to me right from 2008. Was doing good before that, not nearly as good as China, of course, but still pretty good. Any other Eastern European countries you wanted to pull up? LOL