Chinese Economics Thread
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Jura The idiot
General
AssassinsMace
Lieutenant General
Interesting since Trump is the President of the United States... So either real power does sits behind the throne or Trump is covering up how he knows can't carry out his threats without the US suffering in a major way in return. Blame it on others like Obama did.
Jura The idiot
General
Hendrik_2000
Lieutenant General
Meanwhile in Shinning India
wall street journal says india's gdp growth is down to 5.7% as of June 30.
India’s Economy Slowed Last Quarter
Gross domestic product grew 5.7% in the three months ended June 30
So much for the theory of "China will be trapped in middle income country"
Brazil's Spending Power Now Lower Than China's
Kenneth Rapoza , CONTRIBUTOR
Brazil's back-to-back years of recession, its penchant for crony capitalism-destroying business models, and China's middle income boom has finally put the spending power of your average Brazilian behind that of your average Chinese.
But first a little disclaimer: truth be told, China is now catching up with everyone. They've surpassed new euro zone member states in the Baltics, and the median income of its biggest cities are on par with or greater than that in East Europe. The Balkans? Forget it. China is richer.
Everyone is being pulled to the center of gravity when it comes to things like general spending and low-middle class paychecks. So the fact that China's locals are earning more and have more spending power than Brazilians, for the first time ever, is not necessarily Brazil's fault. It's just that China has been a runaway train. And Brazil, at best, a choo-choo, now chugging along on a rusty, partially outdated railroad track.
Six years ago, Brazil's per capita income was the third highest in South America, behind Uruguay (No. 1) and Chile (No. 2). Per capita income stood at more than $13,000, a record high. Last year, it fell to $8,600 per capita, roughly $500 more than the China's, according to the World Bank.
The International Monetary Fund has a different calculation, and puts Chinese purchasing power parity at $15,399 in 2016, versus Brazil's $15,242. The trend is not Brazil's friend. China will surpass Brazil from herein, according to the IMF.
Back in 1980, Brazilian consumers had 15 times the spending power as your average Chinese. Those days are long gone.
Brazilian daily Folha de Sao Paulo pointed this out on Sunday, quoting a local Goldman Sachs research director named Alberto Ramos who said, "Actually, there are few countries that are in as bad a situation as Brazil."
One reason, other than the usual blame being placed on poor governance and the popping of the commodity bubble, is that Brazilian companies simply do not invest like their Chinese counterparts do.
In fact, they do not invest like their Indian counterparts, nor have they been investing as much as the Colombians. Corporate investment in Brazil accounts for 17% of GDP, according to the latest figures by the IMF, and published on Sunday in Folha's report on this very subject. Colombia's investment as percentage of GDP is 25%; India's is 31% and China's is 44%!
Over the last few decades, Brazilian workers have made gains mainly thanks to leftwing policies that raised the minimum wage by double digits over inflation. On balance, it is hard to say that Brazilians were making more money, by and large, because companies were making more and selling more widgets and services.
Brazil is one of the least productive labor markets, according to The Conference Board. And it does not have a big investing class. Most of the money flowing into the Bovespa is coming from Americans with money to burn. So much so that Brazil's major corporations on the Bovespa -- from Petrobras to Itau -- account for just 28% of the country's overall GDP, meaning the market is not as liquid as places like China, where the market cap of the stock exchanges there is equal to 74% of the national GDP, according to the Financial Times.
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wall street journal says india's gdp growth is down to 5.7% as of June 30.
India’s Economy Slowed Last Quarter
Gross domestic product grew 5.7% in the three months ended June 30
So much for the theory of "China will be trapped in middle income country"
Brazil's Spending Power Now Lower Than China's
Kenneth Rapoza , CONTRIBUTOR
Brazil's back-to-back years of recession, its penchant for crony capitalism-destroying business models, and China's middle income boom has finally put the spending power of your average Brazilian behind that of your average Chinese.
But first a little disclaimer: truth be told, China is now catching up with everyone. They've surpassed new euro zone member states in the Baltics, and the median income of its biggest cities are on par with or greater than that in East Europe. The Balkans? Forget it. China is richer.
Everyone is being pulled to the center of gravity when it comes to things like general spending and low-middle class paychecks. So the fact that China's locals are earning more and have more spending power than Brazilians, for the first time ever, is not necessarily Brazil's fault. It's just that China has been a runaway train. And Brazil, at best, a choo-choo, now chugging along on a rusty, partially outdated railroad track.
Six years ago, Brazil's per capita income was the third highest in South America, behind Uruguay (No. 1) and Chile (No. 2). Per capita income stood at more than $13,000, a record high. Last year, it fell to $8,600 per capita, roughly $500 more than the China's, according to the World Bank.
The International Monetary Fund has a different calculation, and puts Chinese purchasing power parity at $15,399 in 2016, versus Brazil's $15,242. The trend is not Brazil's friend. China will surpass Brazil from herein, according to the IMF.
Back in 1980, Brazilian consumers had 15 times the spending power as your average Chinese. Those days are long gone.
Brazilian daily Folha de Sao Paulo pointed this out on Sunday, quoting a local Goldman Sachs research director named Alberto Ramos who said, "Actually, there are few countries that are in as bad a situation as Brazil."
One reason, other than the usual blame being placed on poor governance and the popping of the commodity bubble, is that Brazilian companies simply do not invest like their Chinese counterparts do.
In fact, they do not invest like their Indian counterparts, nor have they been investing as much as the Colombians. Corporate investment in Brazil accounts for 17% of GDP, according to the latest figures by the IMF, and published on Sunday in Folha's report on this very subject. Colombia's investment as percentage of GDP is 25%; India's is 31% and China's is 44%!
Over the last few decades, Brazilian workers have made gains mainly thanks to leftwing policies that raised the minimum wage by double digits over inflation. On balance, it is hard to say that Brazilians were making more money, by and large, because companies were making more and selling more widgets and services.
Brazil is one of the least productive labor markets, according to The Conference Board. And it does not have a big investing class. Most of the money flowing into the Bovespa is coming from Americans with money to burn. So much so that Brazil's major corporations on the Bovespa -- from Petrobras to Itau -- account for just 28% of the country's overall GDP, meaning the market is not as liquid as places like China, where the market cap of the stock exchanges there is equal to 74% of the national GDP, according to the Financial Times.
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Interesting how this coincided with the Doklam Incursion.
Alibaba selling Kiwi milk in China - $16.50 for 2L of NZ milk
Chinese consumers will soon be able to order fresh New Zealand milk through e-commerce platform Alibaba, but at a cost.
The platform is selling two 1L bottles of milk for 79RMB or $16.50 after it signed a deal with Milk New Zealand.
The trade agreement means the milk will be available to potentially millions of customers on Alibaba's Tmall platform from the end of next week.
The launch in Hamilton will be live webcast to Alibaba customers - a first, according to Milk New Zealand managing director Terry Lee.
"This is the first time Alibaba will promote fresh product directly via live webcast to its VVIP members and, as such, this collaboration has created a new model of how to promote New Zealand fresh products directly to Chinese consumers," he said.
Theland Farm Fresh Milk is produced by Green Valley Dairy Ltd and air-freighted to China in one litre bottles, with support from China Eastern Airline Cargo.
The milk has a shelf life of 16 days.
Lee said the partnership was a significant opportunity in a growing market.
"It's an exciting prospect not only because it promotes the collaboration we have with Alibaba, but also provides Chinese consumers with insight to
rs want to know that the product they are consuming has been produced with the highest animal welfare, environmental and quality processes."
Lee said by September 8, about 35,000 bottles would have been shipped. The company plans the production of about 20,000 bottles a month until the end of this year when it would be increased to about 80,000 bottles a month.
"Demand for fresh milk is growing in China, particularly for product which has been grown and processed in New Zealand," Lee said.
"Theland Fresh Milk is 100 per cent New Zealand made."
Personally I don't like fresh milk
Chinese consumers will soon be able to order fresh New Zealand milk through e-commerce platform Alibaba, but at a cost.
The platform is selling two 1L bottles of milk for 79RMB or $16.50 after it signed a deal with Milk New Zealand.
The trade agreement means the milk will be available to potentially millions of customers on Alibaba's Tmall platform from the end of next week.
The launch in Hamilton will be live webcast to Alibaba customers - a first, according to Milk New Zealand managing director Terry Lee.
"This is the first time Alibaba will promote fresh product directly via live webcast to its VVIP members and, as such, this collaboration has created a new model of how to promote New Zealand fresh products directly to Chinese consumers," he said.
Theland Farm Fresh Milk is produced by Green Valley Dairy Ltd and air-freighted to China in one litre bottles, with support from China Eastern Airline Cargo.
The milk has a shelf life of 16 days.
Lee said the partnership was a significant opportunity in a growing market.
"It's an exciting prospect not only because it promotes the collaboration we have with Alibaba, but also provides Chinese consumers with insight to
rs want to know that the product they are consuming has been produced with the highest animal welfare, environmental and quality processes."
Lee said by September 8, about 35,000 bottles would have been shipped. The company plans the production of about 20,000 bottles a month until the end of this year when it would be increased to about 80,000 bottles a month.
"Demand for fresh milk is growing in China, particularly for product which has been grown and processed in New Zealand," Lee said.
"Theland Fresh Milk is 100 per cent New Zealand made."
Personally I don't like fresh milk
antiterror13
Brigadier
Really beyond me somebody would pay US$16.5 for 1L of NZ milk .. heck
you could get the best 2L NZ milk locally for ~NZ$3.00 or roughly US$2.1 or about US$1 a litre
you could get the best 2L NZ milk locally for ~NZ$3.00 or roughly US$2.1 or about US$1 a litre
Air freight costs?
and then in NZ we have different types of milk
eg.Omega3 milk from our especially bread Supercows which is supposed to improve brainpower.Its also good for making spreadable butter
and A2/lactose free milk.
Ive got the milk have you got any contacts and knowledge with online marketing in China?, We could go into competition and even with slightly lower pricing, we would still be laughing all the way to the bank.
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At first I was confused because Kiwi (a type of bird or fruit) probably can't make milk. Then I realized that it is a nickname for New Zealand.