Chinese Economics Thread

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Ah, you wanted the articles. I was expecting another rant. Okay, here they are, two years apart.

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So China switches from the GDDS to the SDDS in which BOTH are used by the IMF. So what's the problem? It sounds like rhetoric for more of those China naysayers to me.

 

[Blackstone]

So China switches from the GDDS to the SDDS in which BOTH are used by the IMF. So what's the problem? It sounds like rhetoric for more of those China naysayers to me.

If there weren't benefits to the PRC, then its officials wouldn't have made the change. My take is CCP made the change for both domestic and international gains, and their motives had little to do with the so-called naysayers.

 

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If there weren't benefits to the PRC, then its officials wouldn't have made the change. My take is CCP made the change for both domestic and international gains, and their motives had little to do with the so-called naysayers.

The naysayers takes this action as a slightest bit of rhetoric they need to argue how untrustworthy the CPC are. They don't care about logic.

 

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China's start-ups are changing, and that has major global implications

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Yen Nee Lee

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April 16, 2017
In what could be a new chapter in the story of China's spreading its economic influence globally, start-ups set their eyes internationally in the early stages of operations — even as their home market offers plenty growth opportunities. Young companies interviewed by CNBC explained this trend, saying that technology and innovation should not be bound by borders. "We are very much a Chinese company and China is a big market, but the adoption of new technology and new products like ours may be faster in other markets so we shouldn't confine ourselves," said Wang Mengqiu, founder and chief executive of Zero Zero Robotics. Wang and his team have been operating from both China and the United States since setting up the firm in 2014.

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China March factory output rises 7.6 percent year-on-year, fastest since December 2014

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April 16, 2017
BEIJING (Reuters) - China's factory output rose 7.6 percent in March from a year earlier, while fixed-asset investment grew 9.2 percent in the first quarter, both beating expectations.

Analysts polled by Reuters had predicted factory output would grow by 6.3 percent in March, the same pace as in as January and February combined.

Factory output in March rose the fastest on a yearly basis since it increased 7.9 percent in December 2014.

Fixed asset investment had been forecast to grow 8.8 percent over the first three months of the year, easing from 8.9 percent in Jan-Feb.

Retail sales rose 10.9 percent in March from a year earlier. Analysts had forecasted they would rise 9.6 percent, edging up from the previous period.

Growth of private investment quickened 7.7 percent in the first quarter from 6.7 percent in January-February, the National Bureau of Statistics said on Monday, suggesting an improved appetite from private firms to invest after a sharp loss of momentum in recent years.

Private investment accounts for about 60 percent of overall investment in China.

China is targeting growth of around 9 percent in fixed asset investment for 2017, and expects retail sales to increase about 10 percent.

China has cut its economic growth target to around 6.5 percent this year to give policymakers more room to push through painful reforms to contain financial risks after years of debt-fueled stimulus.

The economy grew 6.7 percent in 2016, the slowest pace in 26 years.

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[Blackstone]

The naysayers takes this action as a slightest bit of rhetoric they need to argue how untrustworthy the CPC are. They don't care about logic.

Let's see if you could answer the reasonable question without the gratuitous outbursts.

Question: why would Communist Party of China officials incur the expense of instituting new economic metrics, if they didn't produce the more accurate data they say they want?

Your answer is...?

 

[Blackstone]

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A lot of growth was in steel-making, which is already suffering overcapacity. Part of Xi's self-stated reforms is to reduce SOE overcapacity, and it's not clear when he'll finally get around to it.

 

[Jura The idiot]

inside:

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"The economy grew 6.7 percent in 2016, the slowest pace in 26 years."

that's what I'm going to tell guys in the pub tomorrow

just an example:
1.08^25 = 6.8485
(if you grew 25 times consecutively by 8%, you would end up being almost seven times bigger than in the beginning)

 

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Let's see if you could answer the reasonable question without the gratuitous outbursts.

Question: why would Communist Party of China officials incur the expense of instituting new economic metrics, if they didn't produce the more accurate data they say they want?

Your answer is...?

They measured growth differently. It may not be accustom to the what the IMF used to but the facts remain that China is growing overall. Since it has grown this big, now it has open it's market more therefore the it needs to use a more common practice of measurements to measure not only the domestic but foreign investments as well.

 

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A lot of growth was in steel-making, which is already suffering overcapacity. Part of Xi's self-stated reforms is to reduce SOE overcapacity, and it's not clear when he'll finally get around to it.

But it's in ALL factories, not just steel. I know you are trying very hard to down play this good news for China.