Chinese Economics Thread
- Thread starter Norfolk
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People in Sichuan and Chongqing should be encouraged to move to coastal areas. Sichuan Basin makes air pollution stick a lot longer. It’s a great place for agriculture, but not industry.
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Deleted member 15887
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Here to dump some more graphs with more data:
As in previous post, graph data was obtained from the IMF's . Data compiled for Nominal GDP based on variable USD exchange rates, from four different forecasts: the October 2017 WEO Forecast, October 2018 WEO Forecast, October 2019 WEO Forecast, and the October 2020 WEO Forecast. Graphs generated by Excel.
This graph is modified with the inclusion of an extrapolation of the IMF 2020 October Forecast beyond 2025, based on growth trends between 2024-25 years respectively for China and the United States. Upper bound Nominal GDP for China calculated from extrapolated GDP figures in RMB terms, converted to nominal exchange rate terms based on $1 USD= ￥6 RMB; likewise, lower-bound Nominal GDP was calculated based on the nominal exchange rate of $1 USD= ￥7 RMB.
One interesting thing of notice is that the IMF almost always consistently underestimates China's future economic growth, as seen in these graphs.
Based on IMF Forecast, the earliest possible date China can overtake the US in Nominal GDP is 2025-26, the latest date for overtaking is 2030-31
As in previous post, graph data was obtained from the IMF's . Data compiled for Nominal GDP based on variable USD exchange rates, from four different forecasts: the October 2017 WEO Forecast, October 2018 WEO Forecast, October 2019 WEO Forecast, and the October 2020 WEO Forecast. Graphs generated by Excel.
This graph is modified with the inclusion of an extrapolation of the IMF 2020 October Forecast beyond 2025, based on growth trends between 2024-25 years respectively for China and the United States. Upper bound Nominal GDP for China calculated from extrapolated GDP figures in RMB terms, converted to nominal exchange rate terms based on $1 USD= ￥6 RMB; likewise, lower-bound Nominal GDP was calculated based on the nominal exchange rate of $1 USD= ￥7 RMB.
One interesting thing of notice is that the IMF almost always consistently underestimates China's future economic growth, as seen in these graphs.
Based on IMF Forecast, the earliest possible date China can overtake the US in Nominal GDP is 2025-26, the latest date for overtaking is 2030-31
China may switch to Indonesian coal rather than white supremacist anglo coal.
Incidentally, the same white supremacist anglo government is whining to the world community over how they're being 'unfairly targeted' for trying to spearhead US' containment policy against China.
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Deleted member 15887
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Better resolution:
Basically New York, but better, no?
BTW, if you didn't know, this is Qinhai CBD in Shenzhen.
That's what I mean, China's cities love to build wide open avenues and roads between buildings, with almost no surface level shops. It's technically better city planning but it can't get the feel of NYC
NYC's buildings are almost right next to each other, with crowded pedestrian paths and lively surface-level shops, mobile food stalls, street life
Don't you just love this guy. There's plenty of other countries willing to fill China's glass with their quality fine wine.
Let's see: from the new world alone, there's Chile, South Africa, New Zealand, Argentina....... oh and least I forget. There's always that lovely stuff called Blossom Hill from sunny California. US wine, how ironic.
Let's see: from the new world alone, there's Chile, South Africa, New Zealand, Argentina....... oh and least I forget. There's always that lovely stuff called Blossom Hill from sunny California. US wine, how ironic.
Any GDP comparisons between China and US will always show that China is still a developing country and as such China should continue to benefit from its status as an undeveloped economy in world trade. The developed world should give China broader leverage in their trade with China, not undermine it. Just like They give Indian companies better preferences. Any negative outcome from China should be of concern and solutions should be offered by the advanced economies as this have consequences to world economy.
But in real life, Australia is now openly saying they will be taking China to court in the WTO over barley tariff ,saying China must be discouraged to imposed any tariff on other Australian products. However some are saying this is not the best solution and may make matters worse as it does not solve the main issue, the very broken China Australia relationship. Actually there is only toxic relationship at the moment as phone calls remain unanswered between ministers.
Australia make it very clear that Australia has done nothing wrong, protecting its interests and principles. Morrison said Australians are acting/behaving as Australians, nothing to apologize.
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