Chinese Economics Thread

[ht1688]

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China, the world’s top steel producer, consumes over a billion tonnes of iron ore a year, with more than 80 per cent coming from imports.

• China plans to raise the share of overseas iron ore production from 120 million tonnes in 2020 to 220 million tonnes by 2025

• It also aims to boost domestic output by 100 million tonnes to 370 million tonnes and steel scrap consumption by 70 million tonnes to 300 million tonnes

This means by 2025, China will have control of around 900 million tonnes per year, greatly reducing the need to import from adversaries like Australia.

 

[sinophilia]

For practical reasons I would like them to be excluded.

Mainland follows its own economic policies and laws. To have a clear picture of what's the economic condition of the Mainland its better that we keep its economic data separated from HK and Macau.

And a small bonus, it makes the West underestimate China's economy by not including HK + Macau.

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China is now including them in some reports, unless this is somehow without them and it's been updated again.

 

[56860]

This shows you how big China's economy is these days. By the way Hong Kong's per capita gdp is still higher than that of Beijing, Shenzhen and Shanghai.

Hong Kong has 7m people to 20+ in Shanghai and Beijing.

 

[escobar]

delete

 

[Tyler]

Hong Kong has 7m people to 20+ in Shanghai and Beijing.

Exactly, Hong Kong is still outperforming Beijing and Shanghai on per capita basis.

 

[Tyler]

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This means by 2025, China will have control of around 900 million tonnes per year, greatly reducing the need to import from adversaries like Australia.

Just import more from Russia.

 

[hkbc]

Exactly, Hong Kong is still outperforming Beijing and Shanghai on per capita basis.

Which is kind of meaningless, according to the World Bank (other random number generators are available) Macau has a much higher per capita GDP than HK on a USD basis has done for over a decade (80% higher in 2019!) but that says little if anything about performance relative or absolute

 

[56860]

Exactly, Hong Kong is still outperforming Beijing and Shanghai on per capita basis.

Doesn't matter, since Beijing and Shanghai are now more important financial centers to China than Hong Kong.

 

[Tyler]

Doesn't matter, since Beijing and Shanghai are now more important financial centers to China than Hong Kong.

Alibaba and Tencent are listed in Hong Kong stock exchange.

 

[56860]

Alibaba and Tencent are listed in Hong Kong stock exchange.

Look at the market cap and trade volume for Shanghai, HK and Shenzhen stock exchanges.