broadsword
Brigadier
China's household debt is still lower than UK, Germany and the US. But its economic growth outpaces them.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
China's household debt is still lower than UK, Germany and the US. But its economic growth outpaces them.
Equation
Lieutenant General
Even that is an insult to Gordon Chang and his trolls of followers.
And the household incomet from the gross domestic product is lower as well. : )
However the german is higher only by 6.3% , it takes one year of the current speed of consumer debt growth to go higher than germany.
See the different directions? The two graph can cross each other now, or in the next six month.
And ths is COMPARED to the GDP , means in nomainal term it growing faster.
five-six years to reach the same level.
Meantime the private consumption share from the GDP decreased from 39.4 % to 39.1% in one year time.
In germany the household consumptio to GDP is 53% (very low too) , so the households 120 % ish in debt compared to the yearly income inChina,, 100% ish in Germany, 130% ish in the UK, 112% ish in the USA.
Means the chinese consumers are in worst finanacial condition compared to the US consumers.
Interesting, isn;t it?
And the US consumer is actualy decreasing its debt level since 2009, and the chinese is in(or was) in the exponential growth phase.
Equation
Lieutenant General
What Chinese auto sales slowdown? A lot of the percentage increases came from the all electric and hybrid model as well.
A lot of the percentage increases came from the all electric and hybrid model as well.China's January auto sales growth rebounds to 10.7 percent
JOE McDONALD
,
•February 9, 2018
FILE - In this Oct. 26, 2017, file photo, motorists are clogged with heavy traffic on a city ring road in Beijing. An industry group, the China Association of Automobile Manufacturers, said Friday, Feb. 9, 2018 sales of sedans, SUVs and minivans rose 10.7 percent from a year earlier to 2.4 million. Total vehicle sales including trucks and buses rose 13.6 percent to 2.7 million. (AP Photo/Andy Wong, File)
BEIJING (AP) — China's auto sales growth rebounded in January into positive territory, boosted by strong demand for SUVs, an industry group reported Friday.
Sales of sedans, SUVs and minivans rose 10.7 percent from a year earlier to 2.4 million, recovering from December's 0.7 percent contraction, the China Association of Automobile Manufacturers said. Total vehicle sales including trucks and buses rose 13.6 percent to 2.7 million.
Sales of SUVs, which make up nearly half of purchases, rose 22.9 percent over January 2017 to just over 1 million.
The industry is coming off lackluster 1.4 percent growth last year as the market paid back a 2016 surge following a sales tax cut that boosted purchases by 15 percent.
Weak demand is a setback for global automakers looking to China to drive revenue at a time when Beijing is pressing the industry to pour resources into developing electric vehicles.
Automakers are forecasting this year's total market growth at 3 to 4 percent, a fraction of earlier double-digit rates. Demand has weakened as economic growth slowed and Beijing and other major cities tightened restrictions on car ownership to curb smog and congestion.
Competition is intensifying as global and Chinese automakers pour billions of dollars into ramping up production of electric vehicles under pressure from Beijing to meet official minimum sales targets that take effect in 2020.
January sales of electric and hybrid vehicles rose 430 percent, though from last year's low base, to 38,470.
"Despite being in a period of policy uncertainty, the trend of sales of new energy vehicles driven by the market still is relatively strong," said the CAAM general secretary, Cui Dongshu, in a statement.
broadsword
Brigadier
Even that is an insult to Gordon Chang and his trolls of followers.
Gordon Chang could spin and yet look good, this guy could not get past the first yard.
manqiangrexue
Brigadier
Once again, you're confused, comparing incomparable economies to each other.And the household incomet from the gross domestic product is lower as well. : )
However the german is higher only by 6.3% , it takes one year of the current speed of consumer debt growth to go higher than germany.
See the different directions? The two graph can cross each other now, or in the next six month.
And ths is COMPARED to the GDP , means in nomainal term it growing faster.
five-six years to reach the same level.six-seven years to reach the same level.
Meantime the private consumption share from the GDP decreased from 39.4 % to 39.1% in one year time.
In germany the household consumptio to GDP is 53% (very low too) , so the households 120 % ish in debt compared to the yearly income inChina,, 100% ish in Germany, 130% ish in the UK, 112% ish in the USA.
Means the chinese consumers are in worst finanacial condition compared to the US consumers.
Interesting, isn;t it?
And the US consumer is actualy decreasing its debt level since 2009, and the chinese is in(or was) in the exponential growth phase.
But none of this discussion has any point, because your conclusion is that China's economy will continue to grow and expand in line with the government's target, outpacing all other major economies.
Dont't know who is that guy, but I have an moment : )Even that is an insult to Gordon Chang and his trolls of followers.
Up to few days ago I tought that the consumers and the transition to consmption driven from investment happens in China, maybe slowly, but now it is quite obivous it doesn't happens. It actually hitting the wall.
This is the news of the decade : D
It is important, because it can lead to social instability.
And frankly now it is an unknownl land, what will happens.
manqiangrexue
Brigadier
It "can" LOL. Anything "can" lead to anything. Means nothing unless it actually happens.
Yesssss, you are now getting it. The Chinese economy and model is "unknown territory" to Western analysts, so comparing it with known Western economies yields nothing except mistaken predictions. So you have to stop making a fool out of yourself pretending to know what happens. "It's simple" LOLOL
You don't even know who Gordon Chang is? This is why you need to get educated before you debate topics... Gordon Chang is your God. When you finally are introduced to his "works" you will put picture of him in your wallet and kiss it whenever you face difficulties in life LOL. Don't let Chang's last name fool you; this man is very confused.
When you think that your own unsupported thoughts, the thoughts of someone who couldn't read economics charts much less analyze anything, qualifies as the "news of the decade", that's when you know your medication is insufficient to treat your mental ailment. The next progression would be for you to believe that your own thoughts are the voice of a deity commanding to you do things. And I thought you said EU healthcare was working...
Last edited:
broadsword
Brigadier
And the household incomet from the gross domestic product is lower as well. : )
However the german is higher only by 6.3% , it takes one year of the current speed of consumer debt growth to go higher than germany.
See the different directions? The two graph can cross each other now, or in the next six month.
And ths is COMPARED to the GDP , means in nomainal term it growing faster.
five-six years to reach the same level.six-seven years to reach the same level.
Meantime the private consumption share from the GDP decreased from 39.4 % to 39.1% in one year time.
In germany the household consumptio to GDP is 53% (very low too) , so the households 120 % ish in debt compared to the yearly income inChina,, 100% ish in Germany, 130% ish in the UK, 112% ish in the USA.
Means the chinese consumers are in worst finanacial condition compared to the US consumers.
Interesting, isn;t it?
Look here:
Bank nonperforming loans to total gross loans (%)
China's non-performing loan is 1.7%, same as Germany's, but lower than EU's average of 4.4%.
......................................................
Exponential? Not so fast. China Oct new yuan loans hit one-year low as debt curbs weigh
You are no different from those troops of naysayers who have been getting China wrong.