Chinese Economics Thread

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caudaceus

Senior Member
Registered Member
cbl21 said:
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What are your thoughts on this new projected economic forecast of mine's. A month ago I posted a thread on China's economic growth for the coming decade. Since we have more and more data coming out of the Chinese economy, I wanted to provide an update to my own economic projections for China vs the US. I'm no economist, of course, but I just wanted to share my thoughts and predictions. Are you less optimisitic or more optimistic than this economic forecast of mines? Let me know down below!
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I think we can deliver a sound judgement after the first year of the nex US administration. Too much uncertainty right now due to Trump and Pandemic.
 
C

caudaceus

Senior Member
Registered Member
siegecrossbow said:
I think there is a high chance that Japan will back out of RCEP at the last minute.
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Last year Japan said that they would not sign RCEP without India. However, with the recent economic contraction, they backtracked. I don't think they really have an option for that. Remember Japan (and India) presence in RCEP is supposed to balance China at the beginning.
 
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emblem21

Major
Registered Member
caudaceus said:
Last year Japan said that they would not sign RCEP without India. However, with the recent economic contraction, they backtracked. I don't think they really have an option for that. Remember Japan (and India) presence in RCEP is supposed to balance China at the beginning.
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Another thing to note is that the last time Japan tried to invest in India (specifically the high speed rail projects they won from China at the time), it ended up being such a money hog that Japan ended sinking money without nothing being done and the money itself went into the pocket of the rich Indian land owners. Hence China not only dodged a bullet there, but Japan ended up losing, specifically because they tried to invest into India. Hence I guess Japan has to be careful there, at least when dealing with China, China can be expected to be somewhat reliable. With India on the other hand, not many (even the USA from crying out loud) would have the brains to invest there since to do that, you would have to rebuild the nations infrastructure in it entirety. Now however, it is far too late to do such a thing, especially when there unique systems in India prevents them from caring about the poor while doing everything they can to milk them for all they are worth. Hence India is going to be in deep trouble for a long time and if Japan had any real sense this time, they would consider very carefully before signing onto any project with India in the future, who knows, they may end up having another shortfall in the billions and dollars and I am pretty sure Japan with there debt ridden economy isn't going to want to have that happen again.
 
Temstar

Temstar

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China’s exports rose for the fourth straight month in September while imports surged, pointing to further recovery in the month for global trade and a robust domestic rebound.

Exports grew 9.9% in dollar terms in September from a year earlier, while imports rose 13.2%, the customs administration said Tuesday. That left a trade surplus of $37 billion for the month. Economists had forecast that exports would increase by 10% while imports would edge up 0.4%.
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China’s total exports for Jan-Sep: $1.8 trillion
Roughly the same as last time this year, despite trade war, pandemic and decoupling.
 
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