Knuckle under
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Chinese Economics Thread
- Thread starter Norfolk
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Assets of financial institutions in China rose to 461.09 trillion Yuan (about 64.97 trillion U.S. dollars) as of the end of 2023, up 9.9 percent year on year..
Assets of Banking sector reached 417.29 trillion Yuan (about 58 trillion U.S. dollars) up 10 percent year on year..
According to the People's Bank of China ..
Assets of Banking sector reached 417.29 trillion Yuan (about 58 trillion U.S. dollars) up 10 percent year on year..
According to the People's Bank of China ..
FLG media: they are cheap because they use gutter oil.
It's funny coz gutter oil originated from Taiwan.
They are indeed the original, traditional China.
Bank loans (and any capital structure funding activity such as share/stock sales and bond sales) operate with a lag. The loan is originated, the capital project is constructed/operationalized, and then the industrial production actually happens - with commercial/industrial loans, it’s generally a 3-5 year cycle, so this is mostly just reflecting COVID-era lending/construction. Industrial production should continue to rise for a fairly long time in China as the 2022-2023 bank lending bonzana starts to take effect
I wonder what metric he is referring to. In 2022, China's manufacturing output (manufacturing value added) was $4.975 trillion, which was greater than the manufacturing output of the US ($2.497 trillion), Japan ($0.818 trillion), Germany ($0.752 trillion), India ($0.456 trillion), and South Korea ($0.429 trillion) combined. The figure for the US is from 2021, but this is still quite impressive.
Source:
India is India, so I'll ignore it for the time being. Given that the population of China is much larger than the population of the US, Japan, Germany, and South Korea combined, China's manufacturing output still has a lot of room to grow.
I guess they are pumping India because hedge funds realized India is not a place for any foreign business success, so they need to drop their bagged turds before reality hits the fan.
India is highly monopolized, and they have next to zero competition. India will always set national laws to protect their national champion. This is the main reason China overtook India in the 60s-70s. India has too much protectionism. India is very good at milking global geopolitical tensions for their investment benefit. But the reality is, there is too much internal conflict for India to grow like China. There are over 200 ethnics in India, where in China, 90% of the ethic is Han Chinese. With too much internal diversity, there will be too much internal political dispute and instability. Instability is not the road to economic success.