Chinese Economics Thread
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Schumacher
Senior Member
Yup, better late than never. Anyone who has been to China a few times over the last few years without their eyes shut would have seen the high ridership on the HSR & the huge impact it has on people's lives & the economy. NYT would really risk looking dumber than they already are had they continue to push the HSR being a white elephant story.
Schumacher
Senior Member
Well, there's always next year, & the year after that for the 'pessimists'. Or even next decade, which is how long our friend Gordon Chang has waited. I last heard he's still going strong selling his story.
Equation
Lieutenant General
Just think of it as an outdoor copper bank.
Well, there's always next year, & the year after that for the 'pessimists'. Or even next decade, which is how long our friend Gordon Chang has waited. I last heard he's still going strong selling his story.
Of course, the likes of Gordon Chang has to sell his Chinese economy pessimist to any gullible readers willing to shell their money to listen to what he has to be wrong about. Hate writers has to eat too.
broadsword
Brigadier
I'm a little worried about the empty housing and malls. If the problem is plateauing, then it's comforting.
Maggern
Junior Member
This article makes a fatally flawed assumption:
The gist of this argument is that the pre-family-planning generation will die off, creating a population drop. That is simply ridiculous because it ignores a host of population factors:
1- People are not born and do not die at the same time.
Take a look at this graph:
There is no dramatic fertility drop with the introduction of the family-planning policy. Any population decline, if it declines at all (which is highly doubtful), will be a gradual descent rather than a sudden drop. This brings us to...
I'm not sure if that graph is helping. Certain events in 65-76 obviously crushed fertility rates to abnormally low levels. The result of the one child policy is simply that it hasn't picked up again afterwards (like the post-war baby boom in Europe, on whose foundation much of today's society has been built)
broadsword
Brigadier
China in £800m Manchester airport deal
October 13, 2013 10:05 am
George Osborne on Sunday announced that the Beijing Construction Engineering Group had entered the £800m project to redevelop Manchester airport as the chancellor kicked off his five-day tour of China.
BCEG will join Carillion and the Greater Manchester Pension Fund to build a business district at the airport. It is the first of a series of deals that the chancellor is expected to unveil on a visit that Britain hopes will unlock a wave of Chinese investment in UK infrastructure.
Mr Osborne is also expected to sign a deal allowing a state-owned Chinese company to build nuclear power stations in the UK and have its reactor design approved by British regulators. Under the deal, the government will give its backing to Chinese General Nuclear Power Group entering EDF’s planned new nuclear plant at Hinkley Point.
BCEG is backed by the state-owned Industrial and Commercial Bank of China, the world’s biggest bank. Mr Osborne pitched the deal as evidence that his government wanted to spread investment across the UK.
“I am determined that Britain does not repeat the mistakes of the past that saw investment and growth only concentrated in the City of London, important as it is; but instead to make sure investment from China flows to all parts of the country. Our economic plan is about securing a recovery for all parts of the country.”
China’s stake in the new Airport City “enterprise zone” in Manchester will be one of the country’s biggest investments in the UK outside London. The project will transform 150 acres of scrubland and parking into 5m sq ft of offices, shops and parkland, creating an estimated 16,000 jobs in the next 15 years.
The investments come after a strained period between China and Britain. Diplomatic ties were cut early last year when David Cameron’s decision to meet the Dalai Lama, Tibet’s spiritual leader, in London angered Beijing.
The Chinese government subsequently cancelled numerous meetings with senior UK ministers, leading to concerns that the UK could lose out to France and Germany in its efforts to tap into Chinese investment.
Relations between the two nations have been restored in recent months and cemented at the G20 summit in St Petersburg this month when Ki Jinping, China’s president, invited Mr Cameron to visit Beijing. The prime minister will lead a trade delegation to China later this year.
Ed Davey, energy minister, began the rapprochement last month with a 10-day tour to China to drum up investment in Britain’s energy markets.
October 13, 2013 10:05 am
George Osborne on Sunday announced that the Beijing Construction Engineering Group had entered the £800m project to redevelop Manchester airport as the chancellor kicked off his five-day tour of China.
BCEG will join Carillion and the Greater Manchester Pension Fund to build a business district at the airport. It is the first of a series of deals that the chancellor is expected to unveil on a visit that Britain hopes will unlock a wave of Chinese investment in UK infrastructure.
Mr Osborne is also expected to sign a deal allowing a state-owned Chinese company to build nuclear power stations in the UK and have its reactor design approved by British regulators. Under the deal, the government will give its backing to Chinese General Nuclear Power Group entering EDF’s planned new nuclear plant at Hinkley Point.
BCEG is backed by the state-owned Industrial and Commercial Bank of China, the world’s biggest bank. Mr Osborne pitched the deal as evidence that his government wanted to spread investment across the UK.
“I am determined that Britain does not repeat the mistakes of the past that saw investment and growth only concentrated in the City of London, important as it is; but instead to make sure investment from China flows to all parts of the country. Our economic plan is about securing a recovery for all parts of the country.”
China’s stake in the new Airport City “enterprise zone” in Manchester will be one of the country’s biggest investments in the UK outside London. The project will transform 150 acres of scrubland and parking into 5m sq ft of offices, shops and parkland, creating an estimated 16,000 jobs in the next 15 years.
The investments come after a strained period between China and Britain. Diplomatic ties were cut early last year when David Cameron’s decision to meet the Dalai Lama, Tibet’s spiritual leader, in London angered Beijing.
The Chinese government subsequently cancelled numerous meetings with senior UK ministers, leading to concerns that the UK could lose out to France and Germany in its efforts to tap into Chinese investment.
Relations between the two nations have been restored in recent months and cemented at the G20 summit in St Petersburg this month when Ki Jinping, China’s president, invited Mr Cameron to visit Beijing. The prime minister will lead a trade delegation to China later this year.
Ed Davey, energy minister, began the rapprochement last month with a 10-day tour to China to drum up investment in Britain’s energy markets.
TerraN_EmpirE
Tyrant King
Poorer nations sometimes use barter with other nations for goods and trade especially if they are not economy standing well. For example the Russians after the fall of the USSR upon opening McDonalds restaurants quickly ended up in debts to the golden arches. To solve this they turned over a number of super tankers. When they ended up in debt to Pepsi co. They turned over a diesel sub.
Its suspected that the recent Cuban North Korean shipment was paid for by the Cubans shipping sugar. Oil for food was based on well oil for food.
