Chinese Economics Thread

[Tyler]

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If one goes by IMF's definition of GDP as "GDP measures the monetary value of final goods and services—that are bought by the final user—produced in a country in a given period of time (say a quarter or a year).", then yes the U.S. is overestimating its GDP by including imputations, because homeowners don't buy their own home every month as a rental service. And why stops at imputed rents? Let's also include stay-at-home parents and people taking care of their aging parents.

If we include stay-at-home parents and people taking care of their parents, then China's GDP is way more underestimated, since in Chinese culture people tend to look after their family even more.

 

[Tam]

Singles Day rakes in 75 billion in a single day. Alibaba stock down however, because of fears of regulation, but the upside is that the stock won't be as expensive or overpriced as US tech stocks. Better get the regulation in early and out of the way before you invest.

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[Tam]

China is raking in copper like no other. No idea why, but its most important use is electrical wire.

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[SoupDumplings]

Err, this sounds way too good to be true. Does anyone know how reliable CICC's predictions are? They also predicted that China's GDP will grow 2.6% this year (after a prediction of -2.6% earlier in March). The IMF only expects China's growth in 2021 to be 8%.

https://twitter.com/i/web/status/1326877207537438723

 

[localizer]

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Chinese products are getting better and better, you can't fool the market.

 

[Deleted member 15887]

Err, this sounds way too good to be true. Does anyone know how reliable CICC's predictions are? They also predicted that China's GDP will grow 2.6% this year (after a prediction of -2.6% earlier in March). The IMF only expects China's growth in 2021 to be 8%.

https://twitter.com/i/web/status/1326877207537438723

IMF has a more balanced forecast: 8.2% growth in 2021, 5.8% growth in 2022

 

[Deleted member 15887]

China in 2019 has the ninth highest density of industrial robots and automation in the world. That figure can likely overtake the US in terms of industrial robot density this or next year, and ascend to the top 5 most automated countries by 2025. Considering just the massive scale and depth of the Chinese manufacturing industry as the world's single largest manufacturing sector, this is an amazing achievement to be more automated than even the US or other developed countries.

 

[Jiang ZeminFanboy]

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What are the other companies from the list?

 

[Kaeshmiri]

IMF has a more balanced forecast: 8.2% growth in 2021, 5.8% growth in 2022

Any reason why a massive drop in growth from 2021 to 2022?

 

[xiabonan]

Any reason why a massive drop in growth from 2021 to 2022?

Normalizing.

The high 2021 forecast is because of the low 2020 base.