Chinese Economics Thread

[PopularScience]

Also, Land = Income.

My understanding from friends with rural hukous is that they get to benefit from annual profit dividends derived from village collectives that can amount to six-figure sums annually.

So yeah, a bit hard to quantify rural retirement "benefits"

Yes. Now rural hukou is more preferable than city hukou.

 

[GulfLander]

https://twitter.com/i/web/status/1985584047997772187

 

[magmunta]

Let this be here for fun.

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[supercat]

According to China's premier, China's nominal GDP will exceed 170 trillion yuan in 5 years. If RMB does not appreciate significantly during this 5 years, it will be more than $23 trillion by 2030.

https://twitter.com/i/web/status/1985898033570316751

 

[Michael90]

According to China's premier, China's nominal GDP will exceed 170 trillion yuan in 5 years. If RMB does not appreciate significantly during this 5 years, it will be more than $23 trillion by 2030.

https://twitter.com/i/web/status/1985898033570316751

$3trillion in 5 years is fairly okay by china's standard, nothing spectacular.

 

[fishrubber99]

$3trillion in 5 years is fairly okay by china's standard, nothing spectacular.

170 trillion RMB is around 23.85 trillion USD today, and China's economy will be around 19.4 trillion USD by the end of 2025. That means that each of the next 5 years will need to have a growth rate of slightly below 4.23% to achieve this goal, which seems pretty conservative to me.

 

[GulfLander]

China draws US$118 bln in orders for US$4 bln sovereign bond sale in Hong Kong

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