Chinese Economics Thread

J-XX

Banned Idiot
Emerging Economies in 2013

Panelists talked about emerging economies such as China and India in comparison to the U.S. New York University professor and author of White Man’s Burden William Easterly debated economist Dambisa Moyo, author of New York Times bestseller Winner Take All. Professor Easterly argued China is on a decline and that countries cannot have continued growth without a democratic system. Ms. Moyo disagreed with him, saying 2013 is about emerging economies, since they have no debt holding them back and many produce their own goods. The Economist's Zanny Minton Beddoes moderated. This was part of The Economist's “World in 2013 Festival,” held at the NYU Skirball Center for the Performing Arts.

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Yea that's why China has grown 10%+ for over 30 years. Not being a democracy has actually helped China, not burdened it. If China was a democracy, it would be a hopeless mess like India. Democracy is all about bribery to buy votes, politicians are more worried about winning elections for the party than care about the nation. This is precisely the reason Chinese system has proven its superiority over democratic systems in economic development. Sure, China needs to reduce corruption but democracy legalises corruption due to 'lobbying' which is a euphemism for bribery. Just look at the level of corruption in India and US, they make Chinese corruption look minor in comparison.
Democracy also hinders tough economic reforms because opposing parties play politics rather than have a consistent reform agenda which stalls or slows economic reform.

Did he say China is on a decline? Lol. Yea maybe in his own fantasy world, but in the real world China is the fastest rising country bar none. China has never had democracy in 5000 years and China was the greatest power in the world for 70-80% of that time. Democracy only came in the 18th century.

It seems this guy is living in a delusional world hoping China 'declines'.
Dream on.
 

broadsword

Brigadier
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opoc-engine.jpg

ALLEN PARK — EcoMotors, developers of the opposed-piston-opposed-cylinder engine, announced a deal with Zhongding Power of Xuancheng, China to build a $200 million plant in Anhui Province.

The plant will have the capacity to build about 150,000 engines a year, a revenue potential of more than $1 billion. High-volume production is expected to begin in 2014.

EcoMotors says its “opoc” engine technology can deliver the same power level as conventional engines at half the size, a lower cost, and lower emissions. With the potential for 20 to 50 percent better fuel economy compared to a conventional turbo-diesel engine, EcoMotors’ opoc engine has the potential to revolutionize the internal combustion engine.

The inaugural opoc plant has received the full support of key Chinese government bodies, including the Xuancheng government and Anhui provincial authorities; a second Zhongding production site may be announced at a later date. Zhongding plans to supply opoc engines to a broad range of customers, including generator engines, off-road and commercial vehicles. A key provision of the agreement allocates a portion of the plant’s output to EcoMotors for sale and distribution to its own direct customers.

“Continued progress in development of the opoc engine has brought us to the next phase of development,” said Xia Ding Hu, CEO of Zhongding Power. “With the enthusiastic backing from both our provincial and national governmental bodies, we are now ready to complete the design of the engine as we head toward launching a state-of-the-art opoc engine manufacturing facility in Anhui Province.”

Added Andrew Chung, an EcoMotors board member and the Khosla Ventures partner who leads the firm’s Chinese activities: “This partnership represents another great opportunity for U.S.-China collaboration in scaling clean technologies. With a full funding commitment from Zhongding, EcoMotors proves that with great technology, cleantech companies can indeed commercialize capital efficiently alongside visionary partners.”

“This agreement is a key milestone in bringing our innovative engine technology to market and underscores the potent disruptive force that is opoc,” said Don Runkle, CEO of EcoMotors who was former Vice Chairman and CTO of Delphi and a 30-year executive at General Motors. “Our game-changing 21st century internal-combustion opoc engine technology offers a unique combination of lower fuel consumption and operating costs at lower production costs. These characteristics are important to progressive companies and countries as they seek to overcome environmental challenges of the future.”

Zhongding Holding Group Co. Ltd. is a diversified international company established in 1980 with headquarters located within the economic and technical development zone of Ningguo, Anhui Province, China. Today, the Group comprises 20 modern automotive components entities including Zhongding Power, operating both domestically and internationally.

Established in 2008 and based in Allen Park, EcoMotors is commercializing the opoc engine for use in cars, light trucks, commercial vehicles, aerospace, marine, agriculture, auxiliary power units, generators, and more.

EcoMotors’ primary investors are Khosla Ventures, Bill Gates and Braemar Energy Ventures. Khosla Ventures, based in Menlo Park, Calif., offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough scientific work in a broad range of industrial markets. Vinod Khosla, who founded the firm in 2004, is a founder of Sun Microsystems and was formerly a general partner at Kleiner Perkins. Gates has been an enthusiastic supporter of EcoMotors, and Braemar Energy Ventures, a New York based energy technology venture capital firm that specializes in investing in early to growth stage companies with disruptive technologies, has led the most recent round of investment as EcoMotors extends its scope around the world.
 

ahho

Junior Member
Yea that's why China has grown 10%+ for over 30 years. Not being a democracy has actually helped China, not burdened it. If China was a democracy, it would be a hopeless mess like India. Democracy is all about bribery to buy votes, politicians are more worried about winning elections for the party than care about the nation. This is precisely the reason Chinese system has proven its superiority over democratic systems in economic development. Sure, China needs to reduce corruption but democracy legalises corruption due to 'lobbying' which is a euphemism for bribery. Just look at the level of corruption in India and US, they make Chinese corruption look minor in comparison.
Democracy also hinders tough economic reforms because opposing parties play politics rather than have a consistent reform agenda which stalls or slows economic reform.

Did he say China is on a decline? Lol. Yea maybe in his own fantasy world, but in the real world China is the fastest rising country bar none. China has never had democracy in 5000 years and China was the greatest power in the world for 70-80% of that time. Democracy only came in the 18th century.

It seems this guy is living in a delusional world hoping China 'declines'.
Dream on.

I think Professor Easterly has biased views. If you were really an economist, democracy really have nothing to do with better market. It is capitalism (free flow of cash and good and of course with a degree of regulation) that spawns growth
 

antiterror13

Brigadier
China's Tech Giant Huawei Is Done With the U.S.

wowww, China would do the same to American telecommunication companies (e.g Cisco)

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Scrutinized heavily by Congress last year, the network equipment manufacturer is taking its services elsewhere.
ADAM PASICKAPR 24 2013, 10:12 AM ET
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Tim Chong/Reuters
There's only so much abuse that a giant network equipment manufacturer repeatedly accused of threatening U.S. national security can take.

"We are not interested in the U.S. market any more," Huawei executive vice president Eric Xu said at the company's annual analyst summit on Wednesday, as reported by the Financial Times.


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"Don't get me wrong, I'd love to get into the U.S. market," Chief Technology Officer Li Sanqi added in an interview with IDG. "[But] we today face reality. We will focus on the rest of the world, which is reasonably big enough and is growing significantly."

Huawei has been a punching bag in Washington for years, with congressmen labeling the company a Trojan horse for cyber-warfare by China. It has come under additional scrutiny following the suspicious death in Singapore of an American engineer who was working on a cutting-edge military technology project that may have violated U.S. export rules. Computer files found in his apartment included a proposal for Huawei to collaborate on the project.

The company has denied any involvement in the Singapore death and has repeatedly insisted that it has no ties to the Beijing government or the People's Liberation Army. It launched a major lobbying campaign to make its case with the U.S. government, but to no avail. Last month, Sprint Nextel and its potential acquirer, Japan's Softbank, promised Washington lawmakers they would not to use any Huawei network equipment if their deal goes forward.

Huawei, which still has a booming business in China and in countries like New Zealand, seems to have calculated that its lobbying efforts would never bear fruit. Put more informally, as the website Tech In Asia noted, the announcement boils down to: "Screw you guys, we're going home!"
 

kroko

Senior Member
Re: China's Tech Giant Huawei Is Done With the U.S.

It seems that china is proposing building and operating floating nuclear reactors jointly with russia.

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Scrutinized heavily by Congress last year, the network equipment manufacturer is taking its services elsewhere.

I think this is the best for huawei. They are not going to get any more deals there and are only drawing bad publicity staying in the US. Better to cut losses and move somewhere else.

Im surprised that this news isnt getting more coverage.
 
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antiterror13

Brigadier
Re: World's largest economies 2001-2018

Is this GDP nominal or GDP PPP?

How can russia keep ahead of india in 2018? india is at the same level as russia today and is growing faster.

GDP nominal.

if you click "2012", Russia was $2T and India $1.8T ... in "2013" Russia: $2.2T and India : $2.0T

India may grow faster, but Indian economy is not in good shape and the Rupee is declining

China GDP now roughly 4x of India's .... in 2018 would be 5x
 
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