broadsword
Brigadier
I found the report googling nearly a decade ago. It cannot be found now.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
I found the report googling nearly a decade ago. It cannot be found now.
broadsword
Brigadier
IMO, if it wants to follow Singapore's standard, it will still need to raise the bar. Many of Singapore's food warnings were raised only when other countries had sounded theirs, with Hongkong being the often canary in the coal mine. I feel Hongkong also takes the lead in research into the nutrition of its ethnic food.
broadsword
Brigadier
broadsword
Brigadier
According to someone whom I consider a boffin on railway business
But there is a private initiative to build two medium speed lines, from Bangkok to Rayong and Bangkok to Hua Hin, and that will give China a good break.
antiterror13
Brigadier
broadsword
Brigadier
janjak desalin
Junior Member
Interesting article, with graphics, regarding China's global investments/influence:
Why China Is Rattling the World
By KARL RUSSELL and K.K. REBECCA LAI AUG. 26, 2015
What's most interesting, to me, is the ways in which China invests in parts of the world that have largely been either neglected or simply exploited.
Why China Is Rattling the World
By KARL RUSSELL and K.K. REBECCA LAI AUG. 26, 2015
What's most interesting, to me, is the ways in which China invests in parts of the world that have largely been either neglected or simply exploited.
janjak desalin
Junior Member
Actually, this is the article and associated graphics that I'd intended to post:
The World According to China
By GREGOR AISCH, JOSH KELLER and K.K. REBECCA LAI
http://
Again, what's most interesting is China's involvement with historically ignored or exploited regions.
The big picture in China is that the economy is moving away from mass low end production and shifting towards higher end production, automation and services. Higher end production and automation means higher paid jobs and that leads to more domestic consumption of goods and services. Today China's economy is more than 50% services and about 30% manufacturing. The services sector accounts for 2/3 of the growth in China. So the rebalancing that so many people are talking about in China is happening as we speak. As the economy shift towards a new model there is going to be winners and losers. The losers are the people engaged in low end manufacturing and the 36 sectors linked to infrastructure development and a few others. The winners are high tech enterprises and small businesses. There is also a start-up boom in China these days. Over the past 7 years China has done a lot of investments that have been heavily criticized as wasteful. But the otherside of the story is also that China did get better infrastructure, higher end industries, better services and has led to higher income for its people from those investments. And as the average Chinese gets wealthier a lot of the infrastructure projects that seems quixotic at the beginning of its development are now starting to make sense.
And on a positive note on the stock market crash in China. The margin debt in the Chinese stock market has gone down from 2,2 trillion yuan to just about 1 trillion yuan which is a much more sustainable level. The government in China can help itself by rolling back the restrictions it has imposed on short selling.
I also think that some of the debt problems in China maybe overblown. Take for example of the local government debt. the often quoted number is 17,9 trillion yuan (now 24 trillion yuan). But from that 17,9 trillion yuan of debt only 10,8 trillion are direct debt and the other 7,1 trillion yuan are guarantees the local governments has given to varius projects. Now some of the projects may go sour and redemption will come in but a lot of other projects may not and the local governments will never have to pay. To say that the local governments debt burden is 17,9 trillion is a bit exaggerated.
But China is also facing considerable problems too. There are a lot of overbuild 4th and 5th and some third tier cities and a lot of politically connected old industries that should have gone bankrupt are still in business with new bank loans. Its simply throwing good money after bad lending to those SOE's. So there is a lot of potential for write down of bad debts in the future right there.
As usual China has problems but the sky is not about to fall down.
Equation
Lieutenant General
A built cities are tangible assets that can be use at later time. SOEs makes their own money therefore no need to bail them out with tax payers money if they failed. At least China doesn't have to be concerned about the failure of banks like Fannie Mae, Freddy Mack, etc.
But the China haters, doubters, and naysayers love to exaggerate the issue to supplement their narrative.