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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[manqiangrexue]

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[Wrought]

A paper on productivity, or the difference between finance and physics as demonstrated in five sectors.

The findings, summarized in the table below, are striking. In every industry China’s manufacturing labor productivity in physical output per worker was greater than that of the US, by an average of 2.4 times. In nominal value added terms, China’s advantage narrows to an average of 1.2 times. Cement is the outlier: China’s physical output per worker was slightly higher than in the US, but productivity in nominal value added terms was 28-50% of an American worker due to substantial price differentials. (Complete data for both years in all industries is in the appendix.)

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[AndrewS]

A paper on productivity, or the difference between finance and physics as demonstrated in five sectors.



View attachment 164120

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Very interesting.

The point that stood out for me was US manufacturing value-add should be corrected downwards by 30-40% because companies such as Apple and Nvidia are captured as manufacturers in US statistics.

But Apple and Nvidia don't actually make anything as they outsource their production to Asia...