Cause and effect of Chinese GDP & ecnomic growth Worldwide.

Re: In 1840, CHina has the highest GDP in the world but.....

bladerunner said:

This graph seems to show China's gain was at the expense of the EU. and "Others" which i guess includes the USSR.

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I would take this with a grain of salt. How does one go about calculating the "GDP" of a nation 500 years ago?

Re: In 1840, CHina has the highest GDP in the world but.....

bladerunner said:

Hendrik_2000 said:

So what China's under the Qing more than Halved in 50yrs




USA still contributed 26% of the Worlds GDP in 2009. the point is its still top dog despite all the economic crises its faced over the last 50yrs.

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Your data is OLD (2000) since then the Chinese economy has more than double

All those forecast was made before Financial crisis that will cripple the western economy for years to come. Things are getting worse not better.

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Re: In 1840, CHina has the highest GDP in the world but.....

solarz said:

I would take this with a grain of salt. How does one go about calculating the "GDP" of a nation 500 years ago?

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Should we apply the same attitude to the Qing era?

Surprisingly enough, enough information was documented even in those days for a economic historian to compose a picture.

The point of interest in this graph is the final few yrs to get a picture on trends and demonstrate the trend that China @Indias growth appeared to be at the expense of the EU and several others to a smaller extent, rather than the USA

I also found a couple of readers replies relating to the economic problems of the time quite interesting.

Re: In 1840, CHina has the highest GDP in the world but.....

Hendrik_2000 said:

bladerunner said:

Your data is OLD (2000) since then the Chinese economy has more than double

All those forecast was made before Financial crisis that will cripple the western economy for years to come. Things are getting worse not better.

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The other data goes up to 2009, the one year ending just provides a starting point.

Actually there are several quite readable response made by the readers on the trend

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Re: In 1840, CHina has the highest GDP in the world but.....

bladerunner said:

Should we apply the same attitude to the Qing era?

Surprisingly enough, enough information was documented even in those days for a economic historian to compose a picture.

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You mean an economic historian can come up with a "guesstimate". Seriously, do we even have accurate population censuses back in 1500? How does Europe, in the 1500's, have a GDP close to China's, who was at the height of the Ming dynasty?

How do you even define GDP back then? Did the golden temples of the Incans and Aztecs count as GDP? What kind of GDP does the slave-trade produce? Does the rebuilding of the Great Wall count toward GDP?

Re: In 1840, CHina has the highest GDP in the world but.....

solarz said:

You mean an economic historian can come up with a "guesstimate". Seriously, do we even have accurate population censuses back in 1500? How does Europe, in the 1500's, have a GDP close to China's, who was at the height of the Ming dynasty?

How do you even define GDP back then? Did the golden temples of the Incans and Aztecs count as GDP? What kind of GDP does the slave-trade produce? Does the rebuilding of the Great Wall count toward GDP?

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We arent talking about 1500s,, however what were are interested in is the last 50yrs, of which and is more than enough data to compile a picture. Certainly to answer anything about the USSR in 1989

Re: In 1840, CHina has the highest GDP in the world but.....

rhino123 said:

But come to think of it... do we really want China to overtake US, and to what purpose it would do?

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ff Too often we just look at the business side and not the social side when assessing a country's progress.

Last night i watched a program called "Dragon Sons and Phoenix Daughters" It was a doucumentary on the parental aspirations for their children in China.

It was so sad really because some of the children did not look particularly happy, one family was hoping for their sons success as a passport to America. and one could tell from the body language, he hated it.

Perhaps someone should have told him about NZ. He appeared a person of reasonable means and if he could put up $300,000 approx up front with a business plan, him and his family would have been most welcome in NZ.

Stay 3yrs get NZ passport thus giving him and automatic entry into Australia, which is probably the next best thing to America.

The underlying goal was the drive to succeed and no good being second a point rammed home from the interviews.

Re: In 1840, CHina has the highest GDP in the world but.....

Actually I do not believe that the new measure that are introduced by the CHinese government would have too much of an effect on the foreign cars company in their decision to penetrate the Chinese market. There will be some effect, but really not that massive.

Afterall, most of the foreign cars that we see in Chinese streets nowaday are joint venture with chinese partners. They build cars for the chinese roads and these cars are not exported out of China.

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in this case,they don't have any difference with other foreign cars, they build cars in China just get less the import tax and get less produce cost.
Toyota and Honda have companies in Canada,USA, they do build cars for the American and Canadian and those cars are not export out of Canada and USA.
also, GM and Ford have companies in Canada to build cars for Canadian.
the difference in China just they are venture company,both side 50% share.

Re: In 1840, CHina has the highest GDP in the world but.....

maozedong said:

in this case,they don't have any difference with other foreign cars, they build cars in China just get less the import tax and get less produce cost.
Toyota and Honda have companies in Canada,USA, they do build cars for the American and Canadian and those cars are not export out of Canada and USA.
also, GM and Ford have companies in Canada to build cars for Canadian.
the difference in China just they are venture company,both side 50% share.

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Yes I agreed with you on what you have stated... and that is also my point of view during my previous posting. What I have stressed is why Ford and Chrysler do not choose to enter China and instead go to India was that China's automobile sector was already quite saturated... they have huge number of foreign companies (joint venture with local partners) and local companies, thus it is not really going to make alot of money out of it.

Plus the join venture policy is also a determining factor whereby any foreign owned automobile company when entering china had to join venture with a local partner, and so if the car was to be exported, 50% (as you have mentioned and I quote) profit would go to this local partner. Not a good deal.

Re: In 1840, CHina has the highest GDP in the world but.....

bladerunner said:

ff Too often we just look at the business side and not the social side when assessing a country's progress.

Last night i watched a program called "Dragon Sons and Phoenix Daughters" It was a doucumentary on the parental aspirations for their children in China.

It was so sad really because some of the children did not look particularly happy, one family was hoping for their sons success as a passport to America. and one could tell from the body language, he hated it.

Perhaps someone should have told him about NZ. He appeared a person of reasonable means and if he could put up $300,000 approx up front with a business plan, him and his family would have been most welcome in NZ.

Stay 3yrs get NZ passport thus giving him and automatic entry into Australia, which is probably the next best thing to America.

The underlying goal was the drive to succeed and no good being second a point rammed home from the interviews.

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Bladerunner have you ever heard "the grass is always greener on the other side of the fence".

Those illeterate people in China always think that the road in US is paved with gold There is no such thing

People preferred to take short cut but there are millions of Chinese who found success in their own land through gumption and hard work Statistic is better guide than personal observation 97% of Chinese are happy with the way their country is heading


And I doubt that average Chinese has $300,000 new zealand dollar If I have that much money I will go somewhere else. Hey what kind of future do My Children have in NZ maybe becoming sheep shearer , well maybe tourist guide

When I work in Singapore years ago I met tens of New Zealandar who has to work overseas because there is no opportunity in New Zealand .

Plus I don't like their attitude both Aussie and Kiwi . They think they are superior to Asian in general specially the older generation I guess it come from living close to Asia they see the poverty in Asia and generalized their prejudice, forgetting where their bread come from . Australia's prosperity is so link to Asia these days!