Chinese Economics Thread

Bellum_Romanum

Brigadier
Registered Member
Forget that the final average wage of workers has the "household income ratio to gdp " component as well.

Means the GPD generated contain the fixed asset investments , stored goods ect, that is NOT worker's income.
Just to put an end to this :


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So, actual per capita disposable yearly income is 5041 USD.
6865 USD for the urban residents.

No, add together this with the​
Lol Okay Mister "Global Britain" that ship has sailed a long time ago and that crap ain't coming back regardless of how much you wished it to be. And no matter how many times you deny reality China's economic rise is here to stay and so does your country's economic decline.
 

Tam

Brigadier
Registered Member
Lol Okay Mister "Global Britain" that ship has sailed a long time ago and that crap ain't coming back regardless of how much you wished it to be. And no matter how many times you deny reality China's economic rise is here to stay and so does your country's economic decline.

That ship sailed with the final nail in the coffin of the empire, when George Soros was able to tank the English Pound with his manipulations.
 

Anlsvrthng

Captain
Registered Member
per capita disposable income again includes babies, retired, etc and is not the same as wages because not everyone works nor has the same fixed costs. A farmer that owns their own property from the govenment makes little but also spends little. An urban worker that makes high wages but must rent or pay mortgage makes more but spends more.

It is also meaningless because your original claim wasn't that UK had higher wages than China but that in China, higher portions of GDP is gone due to inefficiencies and extractive economics than UK.

I demonstrated that is false.

If all money in GDP went to wages, then UK should have $70k USD average wages per worker, but it only has $40k USD wages per worker. UK workers make -54% of what they're worth.

But in China, if all money in GDP went to workers, then Chinese workers should have $19k USD wages per worker. From KPMG numbers, wages in China are actually higher than this expected value.

But let's say that this isn't representative, that it's only young urban workers who took the KPMG survey. OK, let's look at some more real data.
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which is equivalent to $14k per year. That means Chinese workers are paid -26% of what they're worth.

No matter how you spin it, the end result is the same: UK wage receiving workers make less money than what they're worth to a greater degree than Chinese workers. And that is why in the end,
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British workers are objectively getting a shit deal.

You partially right, but big part wrong.

Disposable income ONLY partially wages, big part of it is other source of income.

read the leftover of the gov.cn page.
Average wage income is 17971 CNY, workers to population ratio is 56% , means 17971/0.56=31994 CNY.


It equal approx 5000 USD.

There is a huge discrepency between the rural/urban residents , like 40k vs 15k, regards of median disposable income .

In germany the guaranteed MINIMUM wage is approx 22k USD/year.
 

FairAndUnbiased

Brigadier
Registered Member
You partially right, but big part wrong.

Disposable income ONLY partially wages, big part of it is other source of income.

read the leftover of the gov.cn page.
Average wage income is 17971 CNY, workers to population ratio is 56% , means 17971/0.56=31994 CNY.


It equal approx 5000 USD.

There is a huge discrepency between the rural/urban residents , like 40k vs 15k, regards of median disposable income .

In germany the guaranteed MINIMUM wage is approx 22k USD/year.
But you can't compare wages directly without also comparing costs and taxes.

I also don't believe that number is correct. The claimed per capita consumption number (21210 RMB) is higher than per capita wages.

It also doesn't match total consumption when multiplied by population.

Total physical retail was measured at 41 trillion RMB. This is easily measured by VAT.

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But if we use your source's numbers, 21210 RMB/person * 1.4 billion people = 29.7 trillion RMB.

How can claimed total consumption be lower than measured physical retail for consumer products alone?
 

pmc

Major
Registered Member
EU has ASML and China has Magnesium. who will blink?

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EU has now energy crises, semiconductor crises and now magnesium. and soon expensive Food.
Russia is closing timber exports at some places to raise up the prices.
Titanium could be next.
seems Chinese wealth is giving them confidence to turn screws on EU.
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Bellum_Romanum

Brigadier
Registered Member
You partially right, but big part wrong.

Disposable income ONLY partially wages, big part of it is other source of income.

read the leftover of the gov.cn page.
Average wage income is 17971 CNY, workers to population ratio is 56% , means 17971/0.56=31994 CNY.


It equal approx 5000 USD.

There is a huge discrepency between the rural/urban residents , like 40k vs 15k, regards of median disposable income .

In germany the guaranteed MINIMUM wage is approx 22k USD/year.
EU has ASML and China has Magnesium. who will blink?

Please, Log in or Register to view URLs content!

EU has now energy crises, semiconductor crises and now magnesium. and soon expensive Food.
Russia is closing timber exports at some places to raise up the prices.
Titanium could be next.
seems Chinese wealth is giving them confidence to turn screws on EU.
Please, Log in or Register to view URLs content!
Delete
 

Overbom

Brigadier
Registered Member
EU has ASML and China has Magnesium. who will blink?

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EU has now energy crises, semiconductor crises and now magnesium. and soon expensive Food.
Russia is closing timber exports at some places to raise up the prices.
Titanium could be next.
seems Chinese wealth is giving them confidence to turn screws on EU.
Please, Log in or Register to view URLs content!
Honestly, thats the best thing to happen for China.

China climbing up the industrial ladder, makes the EU its biggest competitor. If it can manage to damage EU's industrial sector by whatever means, then that would be a tremendous benefit for the sometimes small but growing Chinese high tech industrial businesses.

All the sales the EU will lose will be permanent because once people find out that Chinese products have the same quality as EU products, they will never come look back to the EU.

Now with all these different crises in EU, this is the best time for China to take advantage (unfortunately China also faces energy crisis which limits any potential gains)
 

B.I.B.

Captain
Australia is an exporter of magnesium Ore. Not Magnesium.
But surely it ends up with the same uses once processed. It may not solve their immediate problems but those guys in the EU were talking about an alternate supply line. Anyway unlike rare earths I believe magnesium can be extracted from briney and sea water therefore the sources for magnesium is plentiful.
 
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