Chinese Economics Thread
- Thread starter Norfolk
- Start date
Hubei province, a 26-floor pig farm complete with AC, sewage recycling system, clean energy, breeding system and showers for the pigs...
Ain't that a good thing to you whiny westerners that always complain of low value MIC products? And as others have mentioned Chinese industries are simply moving up in high value products since their economy has risen to the point that labour costs has gone up as well. These trends and changes are just natural phenomenon in most countries that experienced high growth rate for decades.
I'm thinking whether some of the apartment and condomimium high-rises in China that are presently overbuilt, left unused and unoccuopied for years can be repurposed for agriculture?
Say, either animal farms akin to the one shown above (although the pig farm could be purpose-built instead), or hydroponic plantations for growing crops?
Probably not, nearby residents would go ape shit and these type of vertical farming needs special zoning far away from existing residential areas; hydroponics would be more feasible.
"Overbuilt" apartments will get occupied eventually, there's still another decade or two of urbanisation to go...
why are the west crying, should they be happy? because they won't have good cheap products from China
supercat
Major
The most glaring mistake when calculating nominal GDP this way is to ignore the effects of yuan appreciation. For example, if China grows 4-5% a year for the next five years, and you add 2% yuan appreciation a year, the actual growth rate will be 6-7% a year for the nominal GDP. As China's economy develops, the chance of RMB appreciation far outweighs depreciation.
I don't think it's a big deal. China's domestic market is large enough to absorb any export losses for now. In fact, China needs to encourage internal consumption to reduce reliance on exports.
Europeans looking on with envy