Chinese Economics Thread

localizer

localizer

Colonel
Registered Member
horse said:
Remember people, there are two types of exchange rate regimes.

Floating and fixed.

The Chinese Communist Party still tries to fix the value of the RMB, but allows a daily narrow trading band.

If that is what the price of the RMB the government wants, that is the price the CCP will have.
Click to expand...

Not anymore, the exchange rate is now in the hands of the US.

China can no longer afford to depreciate against the USD without losing purchasing power in everything else.



As show in 2020, the Fed is willing to absorb trillions of treasuries from any seller.
 
NiuBiDaRen

NiuBiDaRen

Brigadier
Registered Member

Takes less than 50 mins from Xiongan to Beijing.

Central government should promote winter sports in the north, helps economy and turn China into winter sports powerhouse.

Also central government should do something about Tianjin since it's disappearing otherwise everyone will move to the south

@ansy1968 we should organize a winter sports tour to the north
 
A

ansy1968

Brigadier
Registered Member
Crang said:

Takes less than 50 mins from Xiongan to Beijing.

Central government should promote winter sports in the north, helps economy and turn China into winter sports powerhouse.

Also central government should do something about Tianjin since it's disappearing otherwise everyone will move to the south

@ansy1968 we should organize a winter sports tour to the north
Click to expand...
Hi Crang,

Love to bro, never been to Jilin and wanted to experience the RIME scenery there and also Harbin. Hopefully this Dec and wished the pandemic to be over soon. ;)
 
NiuBiDaRen

NiuBiDaRen

Brigadier
Registered Member
ansy1968 said:
Hi Crang,

Love to bro, never been to Jilin and wanted to experience the RIME scenery there and also Harbin. Hopefully this Dec and wished the pandemic to be over soon. ;)
Click to expand...
What is winter sports like in China? They should develop into something like Hokkaido
 
A

ansy1968

Brigadier
Registered Member
Crang said:
What is winter sports like in China? They should develop into something like Hokkaido
Click to expand...
Hi bro,

Since most of my DEC trip is more on Europe and cruising within the east China sea, SK and Japan.( Iceland should be Dec 2020 trip but is not meant to be).

Super cold compare to Europe (been to hokkaido in the summer time never during the winter) , I've been to HULUNBUIR in late NOV of 2018, man all I can say is that it's the coldest I've ever experience. The reason the cold wind from Siberia without the mountains and building to block the wind. It's my first to see my pee turn to ice when it hit the ground instantly...LOL :cool: .
 
Last edited:
S

sinophilia

Junior Member
Registered Member
weig2000 said:
Not really, last year's GDP will be converted to USD using the average yuan/dollar exchange rate of last year, which is about 6.89. So the $GDP will be just udner $15 trillion. But this year's $GDP will get a huge bump from the appreciation of the yuan in the latter part of last year, assuming the same exchange trend and GDP growth rate of 8-9%, as most economists expect.
Click to expand...

Yea and wasn't China's 2020 GDP finalized at 98.65 trillion yuan?

Also not sure where @cbl21 is getting over $30 trillion PPP from. China GDP PPP was $23.39 trillion in 2019 and estimated at $24.16 trillion in 2020. Where are you getting the extra ~$6 trillion from? That's a huge difference.
 
S

sinophilia

Junior Member
Registered Member
weig2000 said:
Not really, last year's GDP will be converted to USD using the average yuan/dollar exchange rate of last year, which is about 6.89. So the $GDP will be just udner $15 trillion. But this year's $GDP will get a huge bump from the appreciation of the yuan in the latter part of last year, assuming the same exchange trend and GDP growth rate of 8-9%, as most economists expect.
Click to expand...

Assuming 98.65 trillion Yuan is correct then I don't think 6.89 is the correct average exchange rate across 2020. That would imply Chinese GDP of $14.3 trillion in 2020 which is over half a trillion less than IMF figures, which were themselves only released in October and don't take into account much of the rest of the year where pronounced Yuan appreciation occurred.

I believe when the next report is released, I believe in Q2-2021, They will show China at >$15 trillion in 2020.

Though I did quickly check and it does look like the average has been 6.90 for 2020, so either the IMF is wrong or I am wrong about China being 98.65 trillion Yuan in 2020.
 
You must log in or register to reply here.
Top