Chinese Economics Thread
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Junior Member
It seems Kazakhstan is embracing standard gauge for this project.
This does not mean an end to broad gauge.Much to the contrary,Russia is in direct competition to China's plan and is expanding broad gauge into Europe too.
As for the Urumqi connection,There already is a a rail link to Almaty but not HSR.
China envisages linking its bullet trains regionally to at least 17 countries by 2025. It plans to have 3 high speed railway lines, firstly from Urumqi (in Xinjiang Province) through Central Asia (Kazakhstan, Uzbekistan, Turkmenistan, Iran, Turkey) and ending in Germany, secondly SE Asia being Kunming, via Vietnam, Cambodia, Thailand and ending in Singapore, and thirdly Russia from Heilongjiang across northern Russia to Western Europe. There are also considerations linking India and Pakistan.
Railways are going to be ever more important in the economic integration of the Asian countries, high speed passenger lines as well as, not very slow, ordinary lines. The conservative British newspaper The Daily Telegraph wrote about a year ago about going by train from London to Beijing in 48 hours in 2020, but that looks highly optimistic. Berlin-Beijing is much more likely.
A high speed line north of Afghanistan to Tehran and through to Istanbul, part of that line to Europe, will already have influence on the countries concerned even before it is built. You can also imaging a branch line Tehran-Baghdad-Damascus-Beirut.
In the mean time, Iran is building a railway to Herat, which they want to extend to the border with China when the war is over.
Another high speed line being considered goes from Kunming to New Delhi and on to Lahore and Tehran.
Al these railway lines will connect the Asian countries with each other and especially with Chine more than any US bases that survive the announced departure of the foreign forces from Afghanistan in 2014 can connect them with the US,
A high speed line north of Afghanistan to Tehran and through to Istanbul, part of that line to Europe, will already have influence on the countries concerned even before it is built. You can also imaging a branch line Tehran-Baghdad-Damascus-Beirut.
In the mean time, Iran is building a railway to Herat, which they want to extend to the border with China when the war is over.
Another high speed line being considered goes from Kunming to New Delhi and on to Lahore and Tehran.
Al these railway lines will connect the Asian countries with each other and especially with Chine more than any US bases that survive the announced departure of the foreign forces from Afghanistan in 2014 can connect them with the US,
Schumacher
Senior Member
China seems to be going the easy route first of building within nations border. We know of HSR deals at various stages of negotiation in Turkey, Iran, Pakistan, Kazakhstan etc.
I guess when these are done, they'll try to negotiate linking them up. International negotiations for this can be more tricky.
Martian
Senior Member
Approximately 100 million Chinese have a per-capita income over US$10,000
City view of Shenzhen. (Shenzhen municipality)
In 2008, there were 11 cities (with 93.85 million people) in China with a GDP per-capita over $10,000 U.S. dollars (e.g. 11,430 USD to be precise).
"Recent research has shown that Chinese cities with GDP exceeding 10,000 dollars per capita has increased to eleven this past fiscal year; and when calculated with the most recent census in the cities, that number figures to nearly 100 million people with that average GDP.
Kotra, a South Korean trade and investment company with offices based in China, has announced on April 4th that their most recent calculation of China GDP for the 2009 fiscal year has shown that averages per capita has exceed 10,000 USD in five more Chinese cities: Ningbo, Dalian, Weihai, Zhuhai, and Beijing.
In 2007, Shenzhen and Suzhou were the first two cities in China to have their GDP exceed 10,000 dollars per capita; in 2008, Guangzhou, Wuxi, Foshan, and Shanghai followed suit; and then this year five more cities rounded up the number to eleven cities in total that have all averaged above 10,000 dollars GDP per person.
“In particular, electronic, automobile, information technology, textile, and service industries have grown rapidly in these cities,” Kotra researchers noted.
The total GDP for the eleven cities reached 1.0727 trillion USD for the past fiscal year, and census count for the cities stand at 93.85 million; GDP per capita calculates at 11,430 USD. Shenzhen residents have the highest average with GDP per capita reaching 13,754 USD; Guangzhou takes second place with GDP averaging at 13,015 dollars per person; Suzhou ranks third with 12,211 dollars per person."
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For 2009, using an exchange rate of 1 U.S. dollar = 6.63 Yuan, I counted at least 15 cities. The number of cities may be undercounted because the data for some of the cities is from 2008. There is a couple of cities right on the borderline. A city with a per-capita GDP over 66,300 Yuan meets your threshold of U.S. $10,000. (See )
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During 2010, China experienced 10% growth. I expect the number of cities with at least a per-capita GDP of U.S. $10,000 to be close to 20 cities. Unfortunately, it will take a while until the latest 2010 per-capita GDP data is compiled and released.
"The top ten cities in order of decreasing disposable income are:
Shenzhen
Shanghai
Guangzhou
Wenzhou
Hangzhou
Beijing
Suzhou
Dongguan
Tianjin
Wuxi"
City view of Shenzhen. (Shenzhen municipality)
In 2008, there were 11 cities (with 93.85 million people) in China with a GDP per-capita over $10,000 U.S. dollars (e.g. 11,430 USD to be precise).
"Recent research has shown that Chinese cities with GDP exceeding 10,000 dollars per capita has increased to eleven this past fiscal year; and when calculated with the most recent census in the cities, that number figures to nearly 100 million people with that average GDP.
Kotra, a South Korean trade and investment company with offices based in China, has announced on April 4th that their most recent calculation of China GDP for the 2009 fiscal year has shown that averages per capita has exceed 10,000 USD in five more Chinese cities: Ningbo, Dalian, Weihai, Zhuhai, and Beijing.
In 2007, Shenzhen and Suzhou were the first two cities in China to have their GDP exceed 10,000 dollars per capita; in 2008, Guangzhou, Wuxi, Foshan, and Shanghai followed suit; and then this year five more cities rounded up the number to eleven cities in total that have all averaged above 10,000 dollars GDP per person.
“In particular, electronic, automobile, information technology, textile, and service industries have grown rapidly in these cities,” Kotra researchers noted.
The total GDP for the eleven cities reached 1.0727 trillion USD for the past fiscal year, and census count for the cities stand at 93.85 million; GDP per capita calculates at 11,430 USD. Shenzhen residents have the highest average with GDP per capita reaching 13,754 USD; Guangzhou takes second place with GDP averaging at 13,015 dollars per person; Suzhou ranks third with 12,211 dollars per person."
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For 2009, using an exchange rate of 1 U.S. dollar = 6.63 Yuan, I counted at least 15 cities. The number of cities may be undercounted because the data for some of the cities is from 2008. There is a couple of cities right on the borderline. A city with a per-capita GDP over 66,300 Yuan meets your threshold of U.S. $10,000. (See )
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During 2010, China experienced 10% growth. I expect the number of cities with at least a per-capita GDP of U.S. $10,000 to be close to 20 cities. Unfortunately, it will take a while until the latest 2010 per-capita GDP data is compiled and released.
"The top ten cities in order of decreasing disposable income are:
Shenzhen
Shanghai
Guangzhou
Wenzhou
Hangzhou
Beijing
Suzhou
Dongguan
Tianjin
Wuxi"
Schumacher
Senior Member
Re: Approximately 100 million Chinese have a per-capita income over US$10,000
Well, this is not your usual Chinese overseas investment in resources or rail etc, but in a giant resort in Bahamas.
Something not unusual is the reaction of US who is concerned this will make Bahamas beholden to China. I guess they much prefer Bahamas remain beholden to them.
My sources in the White House told me they have credible proofs that the evil CCP plans to eventually send thousands of PLA soldiers disguised as tourists to the resort and launch an invasion of US mainland from there. LOL
"Bahamas breaks ground on Chinese-financed resort
Tue, Feb 22 2011
By Neil Hartnell
NASSAU (Reuters) - China's ambassador to the Bahamas hailed the groundbreaking of a $2.6 billion resort project on Monday as "another milestone" in the two countries' relationship and suggested it could herald further Chinese investment in the island nation.
U.S. diplomats have raised concern about whether the Baha Mar project, which is being financed and built by two Chinese government-owned entities, could make the Bahamian government beholden to China.
At the ceremony marking the start of construction, Chinese Ambassador Hu Dingxian said overseas investments by Chinese companies increased by 36 percent year-over-year in 2010, totalling $59 billion in 3,125 projects.
"I believe, with continued development of the bilateral relationship, more and more Chinese investors will be coming to the Bahamas to seek investment and co-operation," Hu said.
Tourism is a major driver of the economy of the Bahamas, an Atlantic island chain that stretches from just off eastern Florida to near Cuba and has a population of 310,000 people.
The $2.6 billion Baha Mar project is the brainchild of the Izmirlian family, billionaire investors who live in the wealthy Bahamian enclave of Lyford Cay. They have extensive financial and real estate investments worldwide, including the More London development, which owns City Hall, home of the city's mayor, in London.
Their financing and construction partners for the development, which aims to revitalize the Cable Beach hotel strip near the Bahamian capital of Nassau, are the China Export-Import Bank and China State Construction.
................"
Well, this is not your usual Chinese overseas investment in resources or rail etc, but in a giant resort in Bahamas.
Something not unusual is the reaction of US who is concerned this will make Bahamas beholden to China. I guess they much prefer Bahamas remain beholden to them.
My sources in the White House told me they have credible proofs that the evil CCP plans to eventually send thousands of PLA soldiers disguised as tourists to the resort and launch an invasion of US mainland from there. LOL
"Bahamas breaks ground on Chinese-financed resort
Tue, Feb 22 2011
By Neil Hartnell
NASSAU (Reuters) - China's ambassador to the Bahamas hailed the groundbreaking of a $2.6 billion resort project on Monday as "another milestone" in the two countries' relationship and suggested it could herald further Chinese investment in the island nation.
U.S. diplomats have raised concern about whether the Baha Mar project, which is being financed and built by two Chinese government-owned entities, could make the Bahamian government beholden to China.
At the ceremony marking the start of construction, Chinese Ambassador Hu Dingxian said overseas investments by Chinese companies increased by 36 percent year-over-year in 2010, totalling $59 billion in 3,125 projects.
"I believe, with continued development of the bilateral relationship, more and more Chinese investors will be coming to the Bahamas to seek investment and co-operation," Hu said.
Tourism is a major driver of the economy of the Bahamas, an Atlantic island chain that stretches from just off eastern Florida to near Cuba and has a population of 310,000 people.
The $2.6 billion Baha Mar project is the brainchild of the Izmirlian family, billionaire investors who live in the wealthy Bahamian enclave of Lyford Cay. They have extensive financial and real estate investments worldwide, including the More London development, which owns City Hall, home of the city's mayor, in London.
Their financing and construction partners for the development, which aims to revitalize the Cable Beach hotel strip near the Bahamian capital of Nassau, are the China Export-Import Bank and China State Construction.
................"
Martian
Senior Member
Japan-China Trade in 2010 Exceeds US$300 Billion to Set New Record
"China remains Japan's largest trading partner in terms of imports, exports and total trade."
"Japan-China Trade in 2010 Exceeds US$300 Billion to Set New Record
Tokyo, Feb 23, 2011 - (JCN Newswire) - According to a report released on February 17th, 2011 by the Japan External Trade Organization (JETRO), Japan's total trade with China (imports and exports combined) rose 30.0% year-on-year to US$301.9 billion in 2010, exceeding US$300 billion and setting a new (year-on-year) record. Japan's exports to China rose 36.0% to US$149.1 billion, while Japan's imports from China rose 24.7 % to US$152.8 billion. The increase in Japan's exports to China exceeded that of Japan's imports from China for the fifth straight year in 2010. (In 2009, the decrease in Japan's exports was lower than that of imports). Japan's trade with China posted a US$3.7 billion deficit, marking the first time for the figure to fall below the US$10 billion mark since 1994, when the figure was US$8.88 billion.
Overview of Japan-China Trade in 2010
Japan's trade with China posted positive growth (year on year basis) for 12 consecutive months in 2010 and was also up overall versus 2009. The improvement was attributed to an increase in exports to China on the back of the country's high economic growth and a rise in Japan's imports following its own gradual economic recovery. China remains Japan's largest trading partner in terms of imports, exports and total trade.
This expansion was larger than the increase in Japan's overall trade (28.6%), giving Japan-China trade a record 20.7% share of Japan's total trade in 2010, a 0.2-point increase on the 2009 figure (20.5%). The share of Japan's exports to China out of overall exports reached 19.4%, also a record. Meanwhile, Japan's share of imports from China declined slightly, to 22.1% of total imports.
Japan's exports to China in 2010
Japan's exports to China reached its highest level ever (in value terms) in 2010, posting positive growth for 14 consecutive months between November 2009 and December 2010. This growth was fueled by rapid expansion of the Chinese economy, which grew 10.3% (real GDP growth rate) in 2010.
The growth in Japan's exports to China was attributed to an increase in exports of the following:
- Parts and materials due to increasing production in China;
- Finished products due to rising consumption in China; and
- Parts and materials for products exported from China to Japan, the US and European countries.
Analysis by item
(1) Fueled by increased infrastructure investment in China due to the government's 4-trillion-yuan (approximately 50 trillion yen) economic stimulus package, which ran until the end of 2010, exports of construction and power generating machinery showed strong growth.
(2) Reflecting a rise in industrial production, exports of semiconductors, motor vehicle parts, metalworking machinery, plastic materials and electrical apparatuses were all up. Exports of cars, video equipment and other finished goods also increased substantially, fueled by China's rising consumption.
(3) Modest gains were seen in exports of organic compounds, which registered single-digit growth, due to expansion of local production of such materials in China and increased Chinese imports from the Middle East region, where a number of chemical plants recently came online. Other modest gains were seen in exports of batteries, attributed to the fall in prices for lithium-ion batteries.
Japan's imports from China in 2010
Japan's imports from China are showing a clear sign of recovery, posting positive growth (year-on-year) for 11 consecutive months between February and December 2010. This was fueled by increased imports of electrical machinery, personal computers and nonferrous metals.
Analysis by item
(1) Imports of audio-visual apparatus such as LCD TVs were up, on the back of extension of Japan's "eco-points" system and the switch in Japan to digital TV broadcasting.
(2) Imports of telecommunications equipment were also up due to the spread of smart phones. Imports of foodstuffs showed double-digit growth, backed by robust business use of food items, reduced concerns over Chinese food safety, an increase in imports of vegetables (due to unseasonable weather in Japan) and rising prices for Chinese agricultural products.
(3) Imports of clothing and accessories showed modest growth due to sluggish domestic demand in Japan and transfer of production bases of apparel items to locations outside of China.
Outlook for 2011
Japan's trade with China in 2011 will likely exceed the record growth seen in 2010, with China expected to continue its rapid expansion. And with Japan's exports to China expected to continue expanding on the back of China's rising domestic demand, there is a possibility that Japan's trade with China will turn into a surplus. There are concerns, however, that the Chinese government, as a measure against inflation, may alter its current "appropriately accommodative" monetary policy to a more "neutral" one, and that growth in 2011 may be overshadowed by the impressive growth seen in 2010.
Exports:
(1) Increased exports of construction machinery and other infrastructure-related goods and parts are expected due to the continued growth in urbanization and infrastructure investment in China's mid-western region, even after the conclusion of China's 4-trillion-yuan economic stimulus package.
(2) As China's consumer market expands, Japan's exports of parts, materials, machinery and high-value added products for production of finished goods in China will likely grow, despite expansion of local production of such items.
(3) China's exports of finished goods to Japan, the US and European economies will likely grow as these export destinations are predicted to continue in their recoveries. For this reason, Japan's exports of high-value added parts and raw materials to China are expected to rise.
(4) The high growth rate seen in 2010 may make growth in 2011 (even if impressive) pale in comparison. And exports of products for which local production is expanding will likely decline.
Imports:
(1) The pace of growth for imports of LCD TVs is expected to slow or even decrease, when compared to the high growth seen in 2010 attributed to Japan "eco-points" program, which is schedule to end in March 2011.
(2) Demand for low-cost food products and other consumer goods from China is expected to increase (although growth of imports will not be as high as that of exports on a value basis).
(3) With the continued shifting of production bases for high value-added products from Japan to China, Japan's imports (on a value basis) are expected to increase in the value-added category, in particular electrical machinery.
* Figures are US dollar conversions of yen-denominated statistics for imports (provisional) and exports (fixed) released by Japan's Ministry of Finance in January 2011. On a yen-basis, Japan's total trade with China rose 22.3% to 26.5 trillion yen in 2010, with exports rising 27.9 % to 13.9 trillion yen, and imports rising 17.2% to 13.4 trillion yen.
About JETRO
The Japan External Trade Organization, or JETRO, is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small- to medium-sized Japanese firms maximize their global export potential.
Contact:
JETRO
China and North Asia Division
TEL: +81-3-3582-5181"
"China remains Japan's largest trading partner in terms of imports, exports and total trade."
"Japan-China Trade in 2010 Exceeds US$300 Billion to Set New Record
Tokyo, Feb 23, 2011 - (JCN Newswire) - According to a report released on February 17th, 2011 by the Japan External Trade Organization (JETRO), Japan's total trade with China (imports and exports combined) rose 30.0% year-on-year to US$301.9 billion in 2010, exceeding US$300 billion and setting a new (year-on-year) record. Japan's exports to China rose 36.0% to US$149.1 billion, while Japan's imports from China rose 24.7 % to US$152.8 billion. The increase in Japan's exports to China exceeded that of Japan's imports from China for the fifth straight year in 2010. (In 2009, the decrease in Japan's exports was lower than that of imports). Japan's trade with China posted a US$3.7 billion deficit, marking the first time for the figure to fall below the US$10 billion mark since 1994, when the figure was US$8.88 billion.
Overview of Japan-China Trade in 2010
Japan's trade with China posted positive growth (year on year basis) for 12 consecutive months in 2010 and was also up overall versus 2009. The improvement was attributed to an increase in exports to China on the back of the country's high economic growth and a rise in Japan's imports following its own gradual economic recovery. China remains Japan's largest trading partner in terms of imports, exports and total trade.
This expansion was larger than the increase in Japan's overall trade (28.6%), giving Japan-China trade a record 20.7% share of Japan's total trade in 2010, a 0.2-point increase on the 2009 figure (20.5%). The share of Japan's exports to China out of overall exports reached 19.4%, also a record. Meanwhile, Japan's share of imports from China declined slightly, to 22.1% of total imports.
Japan's exports to China in 2010
Japan's exports to China reached its highest level ever (in value terms) in 2010, posting positive growth for 14 consecutive months between November 2009 and December 2010. This growth was fueled by rapid expansion of the Chinese economy, which grew 10.3% (real GDP growth rate) in 2010.
The growth in Japan's exports to China was attributed to an increase in exports of the following:
- Parts and materials due to increasing production in China;
- Finished products due to rising consumption in China; and
- Parts and materials for products exported from China to Japan, the US and European countries.
Analysis by item
(1) Fueled by increased infrastructure investment in China due to the government's 4-trillion-yuan (approximately 50 trillion yen) economic stimulus package, which ran until the end of 2010, exports of construction and power generating machinery showed strong growth.
(2) Reflecting a rise in industrial production, exports of semiconductors, motor vehicle parts, metalworking machinery, plastic materials and electrical apparatuses were all up. Exports of cars, video equipment and other finished goods also increased substantially, fueled by China's rising consumption.
(3) Modest gains were seen in exports of organic compounds, which registered single-digit growth, due to expansion of local production of such materials in China and increased Chinese imports from the Middle East region, where a number of chemical plants recently came online. Other modest gains were seen in exports of batteries, attributed to the fall in prices for lithium-ion batteries.
Japan's imports from China in 2010
Japan's imports from China are showing a clear sign of recovery, posting positive growth (year-on-year) for 11 consecutive months between February and December 2010. This was fueled by increased imports of electrical machinery, personal computers and nonferrous metals.
Analysis by item
(1) Imports of audio-visual apparatus such as LCD TVs were up, on the back of extension of Japan's "eco-points" system and the switch in Japan to digital TV broadcasting.
(2) Imports of telecommunications equipment were also up due to the spread of smart phones. Imports of foodstuffs showed double-digit growth, backed by robust business use of food items, reduced concerns over Chinese food safety, an increase in imports of vegetables (due to unseasonable weather in Japan) and rising prices for Chinese agricultural products.
(3) Imports of clothing and accessories showed modest growth due to sluggish domestic demand in Japan and transfer of production bases of apparel items to locations outside of China.
Outlook for 2011
Japan's trade with China in 2011 will likely exceed the record growth seen in 2010, with China expected to continue its rapid expansion. And with Japan's exports to China expected to continue expanding on the back of China's rising domestic demand, there is a possibility that Japan's trade with China will turn into a surplus. There are concerns, however, that the Chinese government, as a measure against inflation, may alter its current "appropriately accommodative" monetary policy to a more "neutral" one, and that growth in 2011 may be overshadowed by the impressive growth seen in 2010.
Exports:
(1) Increased exports of construction machinery and other infrastructure-related goods and parts are expected due to the continued growth in urbanization and infrastructure investment in China's mid-western region, even after the conclusion of China's 4-trillion-yuan economic stimulus package.
(2) As China's consumer market expands, Japan's exports of parts, materials, machinery and high-value added products for production of finished goods in China will likely grow, despite expansion of local production of such items.
(3) China's exports of finished goods to Japan, the US and European economies will likely grow as these export destinations are predicted to continue in their recoveries. For this reason, Japan's exports of high-value added parts and raw materials to China are expected to rise.
(4) The high growth rate seen in 2010 may make growth in 2011 (even if impressive) pale in comparison. And exports of products for which local production is expanding will likely decline.
Imports:
(1) The pace of growth for imports of LCD TVs is expected to slow or even decrease, when compared to the high growth seen in 2010 attributed to Japan "eco-points" program, which is schedule to end in March 2011.
(2) Demand for low-cost food products and other consumer goods from China is expected to increase (although growth of imports will not be as high as that of exports on a value basis).
(3) With the continued shifting of production bases for high value-added products from Japan to China, Japan's imports (on a value basis) are expected to increase in the value-added category, in particular electrical machinery.
* Figures are US dollar conversions of yen-denominated statistics for imports (provisional) and exports (fixed) released by Japan's Ministry of Finance in January 2011. On a yen-basis, Japan's total trade with China rose 22.3% to 26.5 trillion yen in 2010, with exports rising 27.9 % to 13.9 trillion yen, and imports rising 17.2% to 13.4 trillion yen.
About JETRO
The Japan External Trade Organization, or JETRO, is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small- to medium-sized Japanese firms maximize their global export potential.
Contact:
JETRO
China and North Asia Division
TEL: +81-3-3582-5181"
Martian
Senior Member
Taiwan’s 2010 balance-of-payment US$40 billion surplus (2nd best ever)
Increased activity at Kaohsiung Harbor in southern Taiwan is one of the factors responsible for Taiwan’s balance-of-payment surplus last year. (CNA)
A container ship owned by Evergreen Marine Corp. (Taiwan) is docking at the container terminal of Kaohsiung Harbor. (Photo by: GIO Photographer)
"Taiwan’s 2010 balance-of-payment surplus 2nd best ever
Publication Date：02/22/2011
Source： Taiwan Today
By Audrey Wang
Taiwan’s international balance of payments swung to a surplus of US$40.17 billion in 2010, the second highest on record, according to the ROC Central Bank Feb. 21.
This result stems from a more cautious approach to overseas investment, rising levels of foreign capital in the local bourse and steady growth in exports spurred by strong demand in Asia’s emerging markets, a central bank official said.
The current account posted a surplus of US$40.62 billion, with the financial account recording a deficit of US$610 million, central bank data showed.
In the fourth quarter last year, Taiwan’s balance of payments registered its ninth consecutive surplus, but narrowed to US$3.4 billion from US$8 billion the previous quarter, the data showed.
“Although Taiwan’s exports hit an all-time high in the last quarter, global price hikes in crude oil and commodities offset some of these earnings,” the official said.
One noteworthy improvement, the official added, is that payments for services registered its highest surplus of US$2.07 billion on the back of rising inbound mainland Chinese tourism revenues.
The current account posted a surplus of US$10.1 billion last quarter, the highest level in history, with the financial account recording a deficit of US$6.56 billion. (JSM)
Write to Audrey Wang at [email protected]"
Increased activity at Kaohsiung Harbor in southern Taiwan is one of the factors responsible for Taiwan’s balance-of-payment surplus last year. (CNA)
A container ship owned by Evergreen Marine Corp. (Taiwan) is docking at the container terminal of Kaohsiung Harbor. (Photo by: GIO Photographer)
"Taiwan’s 2010 balance-of-payment surplus 2nd best ever
Publication Date：02/22/2011
Source： Taiwan Today
By Audrey Wang
Taiwan’s international balance of payments swung to a surplus of US$40.17 billion in 2010, the second highest on record, according to the ROC Central Bank Feb. 21.
This result stems from a more cautious approach to overseas investment, rising levels of foreign capital in the local bourse and steady growth in exports spurred by strong demand in Asia’s emerging markets, a central bank official said.
The current account posted a surplus of US$40.62 billion, with the financial account recording a deficit of US$610 million, central bank data showed.
In the fourth quarter last year, Taiwan’s balance of payments registered its ninth consecutive surplus, but narrowed to US$3.4 billion from US$8 billion the previous quarter, the data showed.
“Although Taiwan’s exports hit an all-time high in the last quarter, global price hikes in crude oil and commodities offset some of these earnings,” the official said.
One noteworthy improvement, the official added, is that payments for services registered its highest surplus of US$2.07 billion on the back of rising inbound mainland Chinese tourism revenues.
The current account posted a surplus of US$10.1 billion last quarter, the highest level in history, with the financial account recording a deficit of US$6.56 billion. (JSM)
Write to Audrey Wang at [email protected]"
Martian
Senior Member
Taiwan and Fujian share the same dialect
Taiwan and Fujian are adjacent and separated by a mere 90 miles of water.
Taiwanese and Fujianese are brothers and share the same dialect. When I publicly speak Min Nan with my mother in the United States, Fujianese have informed my mother that they can understand our conversation.
"The Southern Min languages, or Min Nan (simplified Chinese: 闽南语; traditional Chinese: 閩南語; pinyin: Mǐnnán yǔ; Pe̍h-ōe-jī: Bân-lâm-gí/Bân-lâm-gú; literally "Southern Fujian language"), are a family of Chinese languages spoken in southern Fujian and its neighboring regions, in Taiwan, and by descendants of emigrants from these areas in diaspora."
Taiwan and Fujian are adjacent and separated by a mere 90 miles of water.
Taiwanese and Fujianese are brothers and share the same dialect. When I publicly speak Min Nan with my mother in the United States, Fujianese have informed my mother that they can understand our conversation.
"The Southern Min languages, or Min Nan (simplified Chinese: 闽南语; traditional Chinese: 閩南語; pinyin: Mǐnnán yǔ; Pe̍h-ōe-jī: Bân-lâm-gí/Bân-lâm-gú; literally "Southern Fujian language"), are a family of Chinese languages spoken in southern Fujian and its neighboring regions, in Taiwan, and by descendants of emigrants from these areas in diaspora."
Maggern
Junior Member
Re: Taiwan and Fujian share the same dialect
1. What has this got to do with Chinese economics?
2. I've read that the Min dialect group is extremely heterogenic, containing a whole complex system of dialects within it, most of which are unintelligible to one another. To the point where people feel grouping all these into one group is too simplistic, hence the attempts of separating it into Southern and northern Min (though coastal vs inland Min have been a different suggestion).
Taiwan and Fujian are adjacent and separated by a mere 90 miles of water.
Taiwanese and Fujianese are brothers and share the same dialect. When I publicly speak Min Nan with my mother in the United States, Fujianese have informed my mother that they can understand our conversation.
"The Southern Min languages, or Min Nan (simplified Chinese: 闽南语; traditional Chinese: 閩南語; pinyin: Mǐnnán yǔ; Pe̍h-ōe-jī: Bân-lâm-gí/Bân-lâm-gú; literally "Southern Fujian language"), are a family of Chinese languages spoken in southern Fujian and its neighboring regions, in Taiwan, and by descendants of emigrants from these areas in diaspora."
1. What has this got to do with Chinese economics?
2. I've read that the Min dialect group is extremely heterogenic, containing a whole complex system of dialects within it, most of which are unintelligible to one another. To the point where people feel grouping all these into one group is too simplistic, hence the attempts of separating it into Southern and northern Min (though coastal vs inland Min have been a different suggestion).