Chinese Economics Thread

[supercat]

The Eurozone is not the EU.

You are right, my mistake. But it will still be a great achievement for China, considering that the Eurozone contains 19 of the 28 EU members, including Germany, France, Italy, and Spain. The only major economies that are not in the Eurozon but in the EU are UK and Sweden.

Please, Log in or Register to view URLs content!

 

[Jura The idiot]

What you want and what you get are different. Using monthly data to determine general economic trends is stupid and pointless. ...

bro Eq.,
Anlsvrthng
admitted to nationalistic trolling Feb 18, 2018
:

Sadly to talk about problems, and analyse why something can't work is a national characteristic of my thinking , and I apreciate that the people from other nations found this annoying many times

 

[Jura The idiot]

now I read
China to be bolder in opening up financial sector: central bank governor
Xinhua| 2018-03-09 11:20:45

Please, Log in or Register to view URLs content!

China will be bolder in the opening up of its financial sector, Zhou Xiaochuan, the country's central bank governor, said here Friday.

Zhou made the remarks at a press conference on the sidelines of the annual session of the National People's Congress.

The opening up of the financial sector includes not only widening market access for foreign investors, but also the global expansion of China's domestic financial institutions and promotion of the global use of yuan, he said.

 

[Equation]

bro Eq.,
Anlsvrthng
admitted to nationalistic trolling Feb 18, 2018
:

Well, that's not what he's doing; that's what he imagines he's doing, in a Walter Smitty fashion. He has no analytical abilities and tries to discuss economics without so much as the skill to read and understand charts. If it was his national characteristic to analyze and solve problems, maybe his country wouldn't be economically stagnant and of no importance to the world. His national characteristic is to imagine problems for other successful countries in order to make himself feel better about the failures of his home country by comparison. He's so ashamed of his identity, he won't say which country he's from but let slip that it's somewhere in Europe. So because of that national characteristic, his country will never advance and its citizens will forever have to use the denial+hopeful schadenfreude strategy to make the days bearable.

 

[Jura The idiot]

Well, that's not what he's doing; that's what he imagines he's doing, in a Walter Smitty fashion. ...

LOL

Please, Log in or Register to view URLs content!

defines a Walter Mitty as "an ordinary often ineffectual person who indulges in fantastic daydreams of personal triumphs".

 

[supercat]

Foxxconn, which makes iPhone, will soon be listed on the Shanghai Stock Exchange, one of the largest IPO in China in the past 3 years.

China Finds in Taiwan a Technology Company It Can Stomach

China’s speedy approval of what will

Please, Log in or Register to view URLs content!

be one of its biggest IPOs in history has all the markings of a perfect marriage.

Please, Log in or Register to view URLs content!

, a maker of smartphones, cloud computing equipment and robots, is preparing to list in Shanghai just as the government seeks to

Please, Log in or Register to view URLs content!

the nation’s equity market with shiny new tech companies. The Taiwanese giant, a unit of one of Apple Inc.’s top assembly partners, says it’s planning to invest the proceeds on the mainland, also suiting China’s

Please, Log in or Register to view URLs content!

to lure the island’s companies.

Foxconn is in many respects the perfect company for Chinese regulators to showcase. Asian grown, globally known, mature and embedded in the supply chains of the world’s most famous tech purveyors, it has straightforward governance structures and is unlikely to fetch a valuation that will offend mainland notions of prudence.

Many of China’s biggest tech companies, including

Please, Log in or Register to view URLs content!

and

Please, Log in or Register to view URLs content!

, list in the U.S. using corporate structures that aren’t allowed in the world’s second biggest stock market and trade at valuations far higher than most mainland companies.

Foxconn’s approval “sets a successful example for other technology firms that want to return to the home market,” said Wang Chen, Shanghai-based partner with XuFunds Investment Management Co. “It’s likely that Foxconn may shift more of its businesses, possibly in research and development segment beyond current manufacturing and assembling, to mainland China.”

With a projected market value of as much as 400 billion yuan ($63 billion), Foxconn could be the largest listing in Shanghai since a spectacular boom and bust that wiped out as much as $5.2 trillion in value from the nation’s equity market three years ago.

Please, Log in or Register to view URLs content!

 

[Jura The idiot]

now I read
Economic Watch: Chinese yuan ready for greater global role
Xinhua| 2018-03-10 20:51:24

Please, Log in or Register to view URLs content!

As China plans to further open up its market and promote free global trade and investment, the yuan is expected to play a greater global role.

China has done most of what it takes to pave the way for expanded usage of yuan globally, central bank governor Zhou Xiaochuan Friday told a press conference on the sidelines of the first session of the 13th National People's Congress.

Zhou estimated the drive will make further progress after China gradually makes its capital account convertible and ease other restrictions.

Chinese yuan's globalization journey generally started from piloting RMB settlement in cross-border trade in 2009 and picked up pace in 2016 when the IMF included the yuan in the basket of currencies that make up the Special Drawing Right, an alternative reserve asset to the dollar.

China has inked bilateral currency swap agreements with over 30 countries and regions since late 2008 to facilitate cross-border trade and investment.

The internationalization of the yuan had slowed down amid depreciation pressure since August 2015, when the People's Bank of China (PBOC) reformed the yuan's midpoint rate determination mechanism, but momentum picked up in 2017 with a stronger-than-expected yuan.

Data from international financial transaction agency SWIFT showed that about 1.66 percent of global payments processed in January were denominated in yuan, edging up slightly from the previous month but still lower than a record high of over 2 percent.

There have been signs that international institutions are warming to the Chinese currency.

In January, Pakistan's central bank adopted the yuan as a currency for trade with China. Central banks in European countries including France and Germany are including the yuan in their forex reserve mix.

MSCI's addition of Chinese mainland shares into its emerging market index, and connect programs between stock exchanges as well as bond markets in the mainland and Hong Kong, help international investors trade mainland assets. Crude oil futures in Shanghai will support yuan use in commodity pricing.

The Belt and Road Initiative will be a powerful force pushing the yuan to global stage since it boosts cross-border use of yuan, according to Cao Yuanzheng, chairman of BOCI Research.

To encourage use of yuan for cross-border trade and investment via the B&R initiative, the PBOC decided in January that income from investment, including profits and dividends, of foreign-funded companies could be transferred abroad freely via a cross-border yuan settlement scheme.

A survey by the Bank of China showed rising confidence overseas in the yuan over expectations of China's bolder opening-up in its financial sector. About 60 percent of the surveyed 3,000-plus overseas firms and financial institutions mulls using yuan or increasing its usage.

The use of yuan on digital platforms has been growing fast as Chinese mobile payment platforms like Alibaba's Alipay and Tencent's WeChat Pay keep promoting a cashless society, according to a SWIFIT report.

The building blocks for the internationalization of the currency are generally in place, and authorities plan to connect capital markets and other financial fields. But it will take time as the process of capital account convertibility will be carefully measured so as to prevent financial risks from undermining the economy, Zhou said.

The Chinese yuan's march on global markets will be a gradual process as it depends on the willingness of other countries on how much they would like to use the Chinese currency, Zhou added.

For foreign firms, it increasingly pays to use Chinese yuan, Cao pointed out. Using the yuan in trade and investment will make it easier and cheaper for foreign firms to do business with China, while including the yuan into investment portfolios will help optimize investment structure and return.

The rise of the yuan will bring about a more balanced and diverse international monetary mechanism and reduce risks from over reliance on one currency and geopolitical uncertainties, Cao added.

 

[Anlsvrthng]

What you want and what you get are different. Using monthly data to determine general economic trends is stupid and pointless. You can draw all the conclusions you want but they're wrong and only for you to pass time. This should have been the end of our conversation about cars had you not tried to save face by going of topic.
.

Monthly data useless, the new year celebration started in January in 2017, and in 2018 it started in February.

I used the yars, quaterly and rolling 12 month data, all of them showing the changin trend.

No, you said Keynes said that trade wars benefit the deficit nation

Trade surpluss robing market demand and employment from teh deficit country. Means the elimination of it will generate employment.

This was the reason why Keynes sugested international system to ballance the payments betweeon countries, however the US run trade suprluss at that time, and the political decision makers was agaisnt this idea.
So, simle sanity check , what YOU think about the view of Keynes about trade wars?

Who is the benefician of it?

You don't know why I believe that China's car production will continue to grow? There's very good reason people on here say you can't even read charts. I showed you 2 charts that show that China's auto-production rate for over a decade and every year, it expands and contracts, but altogether, the expansions outweigh the contractions and thus, the overall trend has been continuously upward.

Simply plotting the past trend into the future is the most basic failure that anyone can makes.
at the moment the Chinese consumer debt ,car sales number and so on on the same level that caused ten years long depression in several eastern european country.

The debt growing by 5% in each year , so it only a matter of time to hit any freely chosen critical level, spanish, hungarian,japan,american,brazilian or whaever you chhoose.

Because it will; China always grows.

Of course, and the US house prices historically never falled, so it won't fall ever : D

Suprise, suprise ,it behaved like falling stone in 2008 : D
Every bubble needs a faith element.

Practically everyone lost his sanity about the Chinese ecnomy, reached the level of " it will walk on water".

Like as it happened in the roarring 20s, in the 80s in Japan, in spain between 2001-2008, in Austria before the Creditanstalt.

Every bubble last longer then your sanity : )

 

[Anlsvrthng]

Please, Log in or Register to view URLs content!

n a report last Monday about how increasingly wealthy Chinese will boost demand for high-end products, Sanford C. Bernstein analysts said the property market has been the "single largest driver" of the increase in Chinese wealth. They estimate the property market has increased in value by about $12 trillion since 2010, while overall private wealth among Chinese households has increased from $10 trillion in 2010 to $34 trillion.

"As one example, since 2010 the owner of an average 90-square-meter apartment in Shenzhen has experienced a capital gain of almost US$500,000 (nearly a quadrupling in value)," senior equity research analyst Euan McLeish and a team of analysts wrote. "That kind of appreciation in personal assets changes behavior."

 

[hkbc]

Please, Log in or Register to view URLs content!

n a report last Monday about how increasingly wealthy Chinese will boost demand for high-end products, Sanford C. Bernstein analysts said the property market has been the "single largest driver" of the increase in Chinese wealth. They estimate the property market has increased in value by about $12 trillion since 2010, while overall private wealth among Chinese households has increased from $10 trillion in 2010 to $34 trillion.

"As one example, since 2010 the owner of an average 90-square-meter apartment in Shenzhen has experienced a capital gain of almost US$500,000 (nearly a quadrupling in value)," senior equity research analyst Euan McLeish and a team of analysts wrote. "That kind of appreciation in personal assets changes behavior."

And what is the point of posting an almost 6 month old article and quoting and hi-lighting the sections saying the Chinese have gotten rich? Property has also being the biggest driver of my increase in wealth in the last decade and I don't live in China, it's being substantial but unless I plan to sleep in the street, emigrate or move to a cheaper part of the country to live I not going to be able to turn it all into discretionary spending because the bank won't lend me more against my property if they don't think I am in a position to repay!

You've spent countless posts using random stats and as pointed out earlier a Walter Mitty approach to reality, if you do actually legally live in the UK I suggest you spend less time in front of a keyboard concerning yourself with the imminent destruction of the Chinese nation and seek some medical attention, the Health Service is free at the point of use.