Chinese Economics Thread


Gatekeeper

Captain
Registered Member
1989 -> USSR -> Gorbechev gave in -> Russia, Belarus, Ukraine now... not to mention all the -stans
1989 -> PRC -> DengXiaoPing -> TAM -> China now...

I truly believe that those who died in TAM believed in what they were fighting for and died for their ideals but ideals and good intentions only get you so far... TAM should be remembered as a tragedy in its purest sense, that those who fought and died, died for the wrong cause, at the time at least. The fact of the matter is, a democratic Russia won no favours from the west, but was rather quickly taken apart and eaten.

There is no shortage of similar examples, Arab springs, Syria, Iraq, Afghanistan, Egypt, Libya
Yep, all failed states! Meanwhile China is the largest economy (PPP) in the world.

Also, whats each and everyone of these countries got/had in common?

All had the hands of foreign power stirring up uprising left, right and centre (regime change)
 
For many of us in the overseas I never for once dream that China economy will take off sofar and so wide allowing prosperity to reach million of peoples
Even though the link is very tenuous after so many generation, it still hurt to see the grinding poverty in 1960's China
I still remember vividly when Nixon come to China with hundred of reporter They might as well land in the moon
All they see is masses of people riding bicycle wearing the same mao jacket of blue and grey. NO high rise building to speak about, NO car every body ride buses . shabby building and living condition, poor hygienic

And one of the reporter ask passerby don't you want one day to own a car and drive around the country ? Maybe mocking and smug at the same time knowing what the answer will be
And what do you know 40 years forward and The same reporter might surprise what they will see in modern China now
Right now the western MSM running an odious and vilification campaign to badmouth and blacken China image by invoking TAM massacre . And of course Chinese rebuttal. I don't want to post purely political post as that is not the intention of this forum.

Chinese history is full with repression but running such a big country is not easy and regimentation can't be avoided. Were those protesting student were successful China will now plunge into economic stagnation and political paralysis hampering effort to reduce poverty and per sue of happiness like China's neighbor to the south and middle eastern countries and South America. Here is a contrast past and present






View attachment 52690


Nowadays even average young couple can buy RV and traveled all over China on their own
Those reporter should see it with their own eyes Amazing and unbelievable

It's amazing how I watch the "30 year of TAM" as reported by MSM. It is used to demonised China,

I mean, for crying loud, why aren't there any anniversaries for "massacre" done by the west or it's allies? Let's face the facts, theres been numerous times, and much worse committed by them. Funny that!
1989 -> USSR -> Gorbechev gave in -> Russia, Belarus, Ukraine now... not to mention all the -stans
1989 -> PRC -> DengXiaoPing -> TAM -> China now...

I truly believe that those who died in TAM believed in what they were fighting for and died for their ideals but ideals and good intentions only get you so far... TAM should be remembered as a tragedy in its purest sense, that those who fought and died, died for the wrong cause, at the time at least. The fact of the matter is, a democratic Russia won no favours from the west, but was rather quickly taken apart and eaten.

There is no shortage of similar examples, Arab springs, Syria, Iraq, Afghanistan, Egypt, Libya
FORBIDDEN TOPICS:


  • No discussions regarding Tienanmen Square or the Tibet operations in the 1950s.
or this rule perhaps doesn't apply anymore and I should comment on TNM?! just give me a sign
 

Anlsvrthng

Senior Member
Registered Member
Is begining to look like is Trump that's desperate for a deal, (although he keeps harping on about China is the desperate one).

Watching CNBC live telephone interview today with Trump. He keeps threatening tariffics if Xi doesn't turn up at G20. I ask you, does that not sound desperate or what.

Also, he keep deluding himself keep saying what a great relationship he and Xi have. I just wish one of his abvisors would let him know, Xi does not think the same!
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Hendrik_2000

Brigadier
Despite global FDI flows sliding by 13% in 2018 from the year before, China bucked the trend, posting a record of $139 billion of FDI, a UN report said Wednesday. The $139 billion into China accounted for more than 10% of the world's total $1.3 trillion FDI.
One of the best indicator of country attractiveness is FDI and on this front China was the leading country for several year now. Meaning investor still believe in Chinese economy notwithstanding badmouthing of MSM
 

Hendrik_2000

Brigadier
Health care in China . Universal health care problem and benefit
Chinese hospitals treat about 8 billion patients per year. To tackle the global challenge posed by medical insurance, China firmly believes that "an all-around moderately prosperous society cannot be achieved without the people's all-around health. Public health should be given priority in the country's development strategy." Check out this video and have a look why China can provide 1.4 billion people with healthcare coverage.
 
now I read
Economic Watch: Chinese economy stays resilient in May on consumption growth
Xinhua| 2019-06-14 23:26:01
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The Chinese economy stayed resilient in May as the leading growth engine of consumption picked up expansion pace.

May retail sales expanded 8.6 percent year on year, quickening from an increase of 7.2 percent registered in April, data from the National Bureau of Statistics (NBS) showed Friday.

China saw its total retail sales up 8.1 percent year on year in the first five months of this year to reach 16.1332 trillion yuan (about 2.33 trillion U.S. dollars).

Online retail sales continued to post robust growth momentum by growing 17.8 percent during the Jan-May period, NBS data showed.

Consumption is now the biggest driver of the world's largest developing economy, which contributed to over 65 percent of GDP growth in the first quarter of this year.

Friday's data also showed steady employment, with the surveyed urban unemployment rate remaining flat at five percent in May.

Growth of industrial output, fixed asset investment and real estate investment dipped last month.

"It's normal to see monthly fluctuations of economic performance, while we have to adopt a more long-term perspective concerning economic growth," said NBS spokesperson Fu Linghui.

China's economy maintained stable growth in May, with improvements on some fronts, Fu said, citing robust services market growth and rising investment in high-tech sectors.

Fu pointed out that the commercialization of 5G technologies, a decision made last week, will help boost the upgrading of the country's manufacturing as well as service sectors.

The Chinese government has stepped up efforts in recent months to keep the economy operate within an appropriate range.

"We have seen early signs of counter-cyclical policy adjustments to soften the impact of external demand shocks and domestic deleveraging," a research note from investment banking firm CICC said, citing a recent example of allowing local government special bonds to be used as capital for qualified infrastructure investment projects.

Chinese Premier Li Keqiang on Thursday called for further boosting mass entrepreneurship and innovation to better stabilize employment, promote innovation and strengthen new growth impetus.

Calling mass entrepreneurship and innovation "important pillars" of China's economic resilience, Li said the country can withstand downward economic pressures and maintain long-term economic fundamentals by stimulating market players' vitality and social creativity.

China's 11,800-plus incubators had helped nurture about 620,000 startup enterprises and teams by the end of last year, creating 3.95 million jobs, said a report by Torch High Technology Industry Development Center.
 

Hendrik_2000

Brigadier
The first segment of important and strategic Golmud in Qinghai to Korla in southern Xinjiang is done Started in 2014 the line is slated to pen to the public in 2020
First rails laid for Xinjiang's third link to outside
( China Daily )
Updated: 2017-06-07

Workers started laying tracks on Saturday for a 1,213-kilometer railway linking the Xinjiang Uygur autonomous region with neighboring Qinghai province.

The railway, which will connect Korla in Xinjiang and Golmud in Qinghai, is the third rail artery linking the region with neighboring provinces, and the first direct rail link between Xinjiang and the Qinghai-Tibet Plateau.

Golmud is a major city on the Qinghai-Tibet Railway, which connects Lhasa, capital of the Tibet autonomous region, with Xining, the capital of Qinghai. The new line will offer a much shorter connection between Lhasa and Urumqi, the capital of Xinjiang.

Currently, the total rail distance between the two cities is about 4,000 kilometers, including a detour to Lanzhou, capital of Gansu province. The new line will cut the journey by more than 1,000 km.
upload_2019-6-15_16-21-23.png
The line will cut travel time between Golmud and Korla from 26 hours to 12 hours. The rails will carry passengers, traveling at a speed of 120 km per hour, as well as freight.

About 708 km of the new line are in Xinjiang. Some parts of the railway need to be built in high-altitude areas and places with little human activity, which have posed difficulties during construction, said Huang Kejun, the railway project manager.

His team plans to complete the laying of 291 km of track this year.

Construction of the this railway began in 2014 and has proceeded faster than planned. The project is scheduled to take five years, at a cost of 37.6 billion yuan ($5.53 billion). Its Qinghai section will begin operations by the end of next year.

Xinjiang already has two railways connecting the region with other parts of China. One links Urumqi with Lanzhou; the other connects Ejin Banner in the Inner Mongolia autonomous region with Hami in eastern Xinjiang.

Xinhua contributed to this story.

[email protected]



Workers lay track for the Korla-Golmud Railway in the Xinjiang Uygur autonomous region on Saturday. Que Hure / For China Daily

Here is the video
First section of Golmud-Korla Railway eligible for operation in NW China
Experience the first section of Golmud-Korla Railway eligible for operation from the driver's cabin. The railway, once completed, will link Golmud in Qinghai with Korla in Xinjiang, drastically reducing travel time.
 
now I read
Economic Watch: China's house prices remain stable in May amid tightening control
Xinhua| 2019-06-18 20:19:40
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House prices in China's major cities largely remained stable last month amid the country's tightening control of the real estate market, official data showed Tuesday.

On a monthly basis, new house prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- increased 0.3 percent in May, down from the 0.6-percent increase in April, said the National Bureau of Statistics (NBS) in an online statement.

Prices of new houses climbed 0.8 percent in May from the previous month in 31 second-tier cities and 35 third-tier cities.

Meanwhile, prices of resold houses in first- and second-tier cities registered slower growth last month while those in third-tier cities saw a flat increase of 0.6 percent from April, the NBS said.

Prices of resold houses in four first-tier cities inched up 0.1 percent month on month in May, down 0.3 percentage points from a month ago as prices in Beijing and Shenzhen remained flat and Guangzhou reported a monthly dip of 0.3 percent. Only Shanghai saw resold house prices rise, up 0.1 percent month on month.

NBS senior statistician Liu Jianwei said local governments kept differentiated real estate policies in May based on local conditions, contributing to the stable development of China's property market.

The country's property market showed some signs of cooling down after a rebound in March and April.

Real estate investment increased 11.2 percent year on year in the first five months of the year, according to the NBS data released last week.

The pace was slower than the 11.9-percent expansion recorded in the January-April period but was faster than the 9.5-percent growth seen last year.

Commercial housing sales measured by floor area came in at 555.18 million square meters in the first five months, down 1.6 percent year on year, with the sales in value reaching 5.18 trillion yuan (about 751.4 billion U.S. dollars), up 6.1 percent from a year earlier.

Zhang Dawei, a chief analyst with the real estate agency Centaline Property, partially attributed the slower growth of the property market to policies of Chinese authorities during the past two months.

Last month, China's housing regulator alerted four Chinese cities over marked housing price rises in the past three months, urging local governments to take measures to stabilize land and housing prices as well as market expectations.

The country also tightened supervision on violations of real estate financing such as capital inflows through shadow banks and loan misappropriation, according to a document released by the China Banking and Insurance Regulatory Commission last month.

The moves are consistent with the country's continuous efforts to support the sound development of the property market under the principle of "housing is for living in, not for speculation."

China's housing sales and prices are expected to remain stable in the second half of this year, with possible slower increases in real estate investment and construction, according to a report by the China International Capital Corporation Limited.
 
now I read
Economic Watch: Chinese firms speed up tech innovation amid trade tensions
Xinhua| 2019-06-25 16:52:30
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While the United States has resorted to trade restrictions to get ahead in the global tech race, China has offered a more sustainable alternative: investing in its own competitiveness.

In Shenzhen, the country's tech hub that is home to Huawei and various tech giants including Tencent and DJI, companies are actively coping with the U.S. trade policies by accelerating research and development (R&D).

"It's of no use if you just complain about the tariffs. You have to address the challenges upfront," said Zhang Zhimin, chairman of fiber optic communication firm T&S Communications Co., Ltd., in an interview with Xinhua.

The company provides fiber-connecting products that are indispensable to data centers, which are also critical to the daily operation of global Internet giants such as Google and Facebook.

While most of the company's products are exported to the United States, Zhang said the tariffs would have a limited impact on revenues as long as it maintains its edge in product quality and cost-efficiency.

"You have to continue to develop new products and enhance the quality to the point where the clients would hate to switch to other suppliers," said Zhang.

With more than 140-percent year-on-year hike in R&D costs in the first quarter, the company saw its profit surge more than 60 percent during the period, according to its filing with the Shenzhen Stock Exchange.

"Of course the trade war brings us pressure. But it's also an opportunity for us to focus on our core business and raise our global competitiveness," Zhang said.

For many export-driven businesses, what brings the most pressure are not the tariffs themselves but the uncertainty that comes with them.

"As long as the policy is certain, we will find a way to cope," said Lao Jiewei, secretary of the board of directors of Guangzhou Haoyang Electronic Co., Ltd. (Golden Sea), a professional lighting provider.

With some 70 percent of its products being exported to overseas markets including the United States, the company plans to counter the uncertainties with what's certain: investment in new technologies.

According to Lao, one out of 10 employees in the company engages in research and creative design, while R&D investment, now accounting for some 6 percent of sales, will continue to grow.

Another certainty for the companies is growth in the domestic market.

Compared to the United States, the market for data centers in China is far from saturated, creating huge demand for companies in the optical communication industry, Zhang said.

The commercial use of 5G technology adds to such demand, as it not only dramatically boosts download speeds for smartphones but also enables industries such as the Internet of Things to realize their full potential, he said.

In such an ever-growing market, companies have to innovate to keep up.

"China can make a lot of things. But there are still a lot of things that it can not make at the moment. This is the time for us to work them out," Zhang said.
 

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