Chinese Economics Thread

antiterror13

Brigadier
China's GDP PPP is 27,206.27 billions international dollars vs US 22,9997.50 billions making it 118% of the US GDP Nominal. In 2020 it was 115% of US GDP PPP.

China's GDP nominal is 17,458.04 billions USD vs US GDP nominal at 22,9997.50 billions making it 75.9% of USD GDP nominal. In 2020 it was 70.3% of US GDP nominal.

China's GDP nominal is now larger than the entire European Union which stands at 17,094.17 billion USD, so China surpasses the EU by a bit more than $360 billion USD. On another note, China's GDP nominal is now more than 3 and a half times Japan's GDP nominal.
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Meanwhile the Yen is no longer accepted by the non Western world, where all the resources are from. Putin Xi cooperation will slay the Beast.
View attachment 87335

Is it mainly because the UK is no longer calculated as part of EU economy in 2021 ?
 

gelgoog

Lieutenant General
Registered Member
A lot of the Russian coal deposits are closer to China than Europe. And Russia had already been increasingly moving most of that to China. With the limitation being rail transport into China. As rail links to China improve you will see exports of coal to China increase. With regards to the coal near Ukraine, it can be exported via ship either to India or Northern Africa. Exporting it to China still problematic because of, like I said, lack of rail capacity.
 

Bellum_Romanum

Brigadier
Registered Member
US companies have found China is difficult to replace as manufacturing hub...

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Given your pessimistic views on China's current Zero-covid policy deeming it as desteuctive to the economy how then would you have preferred the government to have handled the most recent outbreak of COVID-19 especially in one of the most Chinese important cities like Shanghai.

In your estimation, do you suggest that China adopts the stances that western countries took which is basically to mandate vaccines to it's population a decision that engendered further divide in their societies not to mention huge demonstrations against such measure. Would such policy recommendation work in China and the people not revolt when some Chinese people of all age group start dying from the MrNa vaccines that am assuming you're pushing for the Chinese government to use and implement en masse.

Also, how certain are you that your proposals and or ideas you think will work in China can work without any unforeseen hiccups that can just as easily backfire contrary to what people like you tend to optimistically expect. Considering that Chinese ICU capacities and overall health care is still lacking in comparison to that of most western developed countries what gives you the confidence that the Chinese health care system can more than adequately handle the onslaught considering that in practice most Chinese tend to visit hospitals for all kinds of reasons more so than say their American or European counterparts.

Additionally, what's an acceptable death rate in your opinion where the totality of Chinese people dying from Covid-19 is more than acceptable if it can lead to a more stable economic activity? If that's even achieve wouldn't that result on people that belong on a lower strata financially to see that their supposed government of the people for the people is essentially nothing but nonsense since enough people would interpret the actions of their government as nothing but protecting the interests of the already entitled rich, upper middle class Chinese? And what's even the point of growing the "economy" if the end result is the dead of millions of Chinese?

Lastly, I hope your concern with respect to the economy isn't wholly academic or all about this stupid nominal gdp competition with the U.S. in order for you or anyone who supports the idea of China has something to beat up your ideological western friends over with; to have something to feel good about that's largely inconsequential for most of us who lives in the west but a milestone us Chinese can be proud of.


In my opinion it isn't worth to celebrate the death of many so that the elite few, or people with investments in Chinese stocks can breathe with sigh of relief all in favour of easing or living with Covid-19 in China because we all know that it's always the majority that belongs at the bottom rung of economic ladder that will pick up the majority of the fight in Taiwan, or defend the country against all invaders. The wealthy, the elites, the highly educated western believers will be the first to desert, sell-out and abandoned the country. Our argument is pretty much hideously academic, and inconsequential to the people that will die if China abandons it's current pandemic policy.

What's point of a 30T economy if and when the government allows the death of millions. Am not sure where you're at if you're in China or is located somewhere in the west or that you have some financial stake with what's happening in the country that has may or may not have influenced your analysis on this zero-covid19 policy.
 

56860

Senior Member
Registered Member
Given your pessimistic views on China's current Zero-covid policy deeming it as desteuctive to the economy how then would you have preferred the government to have handled the most recent outbreak of COVID-19 especially in one of the most Chinese important cities like Shanghai.

In your estimation, do you suggest that China adopts the stances that western countries took which is basically to mandate vaccines to it's population a decision that engendered further divide in their societies not to mention huge demonstrations against such measure. Would such policy recommendation work in China and the people not revolt when some Chinese people of all age group start dying from the MrNa vaccines that am assuming you're pushing for the Chinese government to use and implement en masse.

Also, how certain are you that your proposals and or ideas you think will work in China can work without any unforeseen hiccups that can just as easily backfire contrary to what people like you tend to optimistically expect. Considering that Chinese ICU capacities and overall health care is still lacking in comparison to that of most western developed countries what gives you the confidence that the Chinese health care system can more than adequately handle the onslaught considering that in practice most Chinese tend to visit hospitals for all kinds of reasons more so than say their American or European counterparts.

Additionally, what's an acceptable death rate in your opinion where the totality of Chinese people dying from Covid-19 is more than acceptable if it can lead to a more stable economic activity? If that's even achieve wouldn't that result on people that belong on a lower strata financially to see that their supposed government of the people for the people is essentially nothing but nonsense since enough people would interpret the actions of their government as nothing but protecting the interests of the already entitled rich, upper middle class Chinese? And what's even the point of growing the "economy" if the end result is the dead of millions of Chinese?

Lastly, I hope your concern with respect to the economy isn't wholly academic or all about this stupid nominal gdp competition with the U.S. in order for you or anyone who supports the idea of China has something to beat up your ideological western friends over with; to have something to feel good about that's largely inconsequential for most of us who lives in the west but a milestone us Chinese can be proud of.


In my opinion it isn't worth to celebrate the death of many so that the elite few, or people with investments in Chinese stocks can breathe with sigh of relief all in favour of easing or living with Covid-19 in China because we all know that it's always the majority that belongs at the bottom rung of economic ladder that will pick up the majority of the fight in Taiwan, or defend the country against all invaders. The wealthy, the elites, the highly educated western believers will be the first to desert, sell-out and abandoned the country. Our argument is pretty much hideously academic, and inconsequential to the people that will die if China abandons it's current pandemic policy.

What's point of a 30T economy if and when the government allows the death of millions. Am not sure where you're at if you're in China or is located somewhere in the west or that you have some financial stake with what's happening in the country that has may or may not have influenced your analysis on this zero-covid19 policy.
He has never even bothered to consider the opposite - that not doing COVID zero is tantamount to having zero restrictions due to the transmissibility of Omicron. And letting Omicron run through your population like that could possibly have a larger economic cost in the long term than short lockdowns.

Looking at the west, it doesn't take an economist to realize that having everyone get infected, re-infected ad infinitum is not a good thing for the economy, particularly since we know long COVID exists.
 

Strangelove

Colonel
Registered Member
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China pivots to ensuring food security, encouraging farmers to ratchet up acreage, make use of new technology

Farmers ratchet up acreage, make use of new technology to expand output

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China will strive to expand soybean production in an effort to keep grain output stable amid concerns of a global food crisis, the country's top economic planner said Tuesday.

The country will also keep corn and other grain output stable while taking precise measures to sell policy-supported grain to ensure market supply, said Meng Wei, spokesperson of the National Development and Reform Commission.
 
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