Chinese Economics Thread


Hendrik_2000

Brigadier
Life is getting better for the "Frost boy" He move to boarding school at lower elevation along with 40 other student For all the advances that china did over the decades, there are still awful lot of poor people. Need a generations of work but at least it already started long time ago

Wang Fuman, known as China's "frost boy" going viral on social media two years ago, no longer has frosted hair and chapped cheeks this winter. He has been transferred to a new boarding school together with other students for a better quality education
 

cbl21

Junior Member
Registered Member
Beijing wants another Shenzhen-ish presence in the north. This way young people won't all move to the south.

They want to say "here, we give you the same regulations as shenzhen but also less since you're next to the government"
I suspect they are doing this since they don't want the Northeast to become depopulated and everyone to migrate to the Pearl River/Yangtze River Deltas. Still, I don't think Xiong'an will be "Shenzhen 2.0" or anywhere successful; Shenzhen is successful because of its sheer dominance in hardware manufacturing, along with the rest of the entire PRD (which alone is responsible for some ~40% of the world's assembled phones, and 90% of all global electronic components) hence why its called the global "Silicon Valley for hardware". I think they want Xiong'an to be more of a software base actually reminiscent to America Silicon Valley (i.e. the globe's software capital). But even if Xiong'an isn't as successful, as long as it provides opportunities for young people in the Northeast so it doesn't become more and more depopulated, that I think is a win in the eyes of the Politburo.
 

localizer

Captain
Registered Member
I suspect they are doing this since they don't want the Northeast to become depopulated and everyone to migrate to the Pearl River/Yangtze River Deltas. Still, I don't think Xiong'an will be "Shenzhen 2.0" or anywhere successful; Shenzhen is successful because of its sheer dominance in hardware manufacturing, along with the rest of the entire PRD (which alone is responsible for some ~40% of the world's assembled phones, and 90% of all global electronic components) hence why its called the global "Silicon Valley for hardware". I think they want Xiong'an to be more of a software base actually reminiscent to America Silicon Valley (i.e. the globe's software capital). But even if Xiong'an isn't as successful, as long as it provides opportunities for young people in the Northeast so it doesn't become more and more depopulated, that I think is a win in the eyes of the Politburo.
I think due to China's sheer population and Asia's talent pool, China can definitely have multiple Shenzhen sized silicon valleys.

There's like 3 billion people to choose from that look just like us and can integrate very well into China.


Give China another 10 years to reach $20k GDP/capita or $40k GDP PPP/capita. Then Asia's talent will see China like a good alternative to the US.
 
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KenC

New Member
Registered Member
To be honest I don't know how Xiongan is going to succeed. It doesn't have nearly as good of a location as either Shenzhen or Shanghai. It's kind of in the middle of nowhere.

Sure, they could make a new city, but it would just be like any other city like Baoding or Shijiazhuang
Xiongan is just half hour by fast train from Beijing and 20 minutes from new Capital airport. In a way, it will be an outer suburb of Beijing. Many government offices will move over from Beijing and I'm sure tech-parks and Universities will relocate or be established there too.
 

OppositeDay

Junior Member
Registered Member
I suspect they are doing this since they don't want the Northeast to become depopulated and everyone to migrate to the Pearl River/Yangtze River Deltas. Still, I don't think Xiong'an will be "Shenzhen 2.0" or anywhere successful; Shenzhen is successful because of its sheer dominance in hardware manufacturing, along with the rest of the entire PRD (which alone is responsible for some ~40% of the world's assembled phones, and 90% of all global electronic components) hence why its called the global "Silicon Valley for hardware". I think they want Xiong'an to be more of a software base actually reminiscent to America Silicon Valley (i.e. the globe's software capital). But even if Xiong'an isn't as successful, as long as it provides opportunities for young people in the Northeast so it doesn't become more and more depopulated, that I think is a win in the eyes of the Politburo.
Shenzhen isn't just a hardware hub though, its two biggest companies Tencent and Huawei are both major software companies. Huawei has been constantly ranked China's #1 software company.

Beijing has the deepest talent pool in China with its elite education and research institutions. It has China's two biggest unicorns Bytedance and Didi. Baidu, Meituan and Xiaomi are also headquartered there.

Xiongan will NOT get the cream of the crop from Beijing. Expect back offices of SOE giants to move from Beijing to Xiongan (but headquarters will stay in Beijing). Elite institutions may open second campuses in Xiongan. Some research institutions and think tanks may move. Don't expect central government offices to move though. Won't happen.

I think one key to Xiongan's success is connectivity with Haidian, Beijing's existing high tech center. There should be a high speed link (maglev?) between Haidian and Daxing Airport which is between Beijing and Xiongan. Otherwise Xiongan will suffer from being located on the other side of Beijing from Haidian (you don't want to cross Beijing without a direct connection!).
 

ILikeChina

Junior Member
Registered Member
Dongbei is dying with TFR under 1.0 and low economic growth and productivity. The reforms are needed. Xiong'an may help the north, but it's far away from Dongbei.
 

cbl21

Junior Member
Registered Member
Question: Does China have greenbelt policies for its biggest metropolitan areas, like London or Portland? This is because if cities like Beijing and Shanghai have population caps in the central city, won't this just encourage more and more urban sprawl (i.e. Shanghai and Suzhou linking up to become essentially one big continuous urban area like Tokyo and Yokohama, if it hasn't already)?
 

Crang

Junior Member
Registered Member
A lot of things going against it though.

Winter, pollution, drought, far from everyone else.

It needs maximum reform and fast.
A lot of things going against it though.

Winter, pollution, drought, far from everyone else.

It needs maximum reform and fast.
You were right in saying that North Korea opening up would mean so much to Northeast China. Just tourism alone would inject so much energy into the region. Like train connections between dongbei and the Korean peninsula
 

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