Chinese Economics Thread

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sndef888

Captain
Registered Member
I wonder why Egypt's new capital city doesn't have a chinese university even though it has like 10 western universities. Even russia has one.

Is China holding back or is Egypt rejecting?
 
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Overbom

Brigadier
Registered Member
Chongqing and Chengdu are going absolutely crazy. Their investment for next year is mind-boggling
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Chongqing and Chengdu in China’s southwest have released plans to fund 160 projects worth 2 trillion yuan (US$314.1 billion) next year as part of a twin-city economic belt, after spending 93.4 billion yuan in 2020.
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This blueprint includes joint development of a world-class equipment manufacturing industry cluster, an industrial internet zone, a port logistics system, and a programme to bring carbon emissions to peak.
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The two cities will strengthen mutual certification in housing, medical care, transport and employment
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Authorities are also confident the Chengdu-Chongqing economic belt – which has a bigger population than Germany and a similar-sized economy to the Netherlands – will help boost China’s consumer market and technological innovation.
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Overbom

Brigadier
Registered Member
ILikeChina said:
So probably the end of deleveraging, because economy is slowing and 2022 is important year.
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I don't think the slowing economiy is the reason for this huge investment

From the initial article:
The State Council, China’s cabinet, approved the Chengdu-Chongqing economic circle in 2011, but only released a master plan in October.
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So the plan was being being talked for 10 years!("China is a dictatorship" lol)

So this is a strategic project which was planned from the 2011. Maybe the slowing economy played a small part for accelerating the schedule, but overall this is a development plan
 
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sndef888

Captain
Registered Member
Aren't Chengdu and Chongqing already pretty saturated? Especially considering how far inland they are

The money could be better spent saving binhai or creating a new shanghai in lianyungang
 
O

Overbom

Brigadier
Registered Member
sndef888 said:
Aren't Chengdu and Chongqing already pretty saturated? Especially considering how far inland they are

The money could be better spent saving binhai or creating a new shanghai in lianyungang
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The point is creating a city cluster

City cluster is 1 + 1 > 2
You take 2 strong cities and you integrate them into a giant super innovative city cluster which will be globally competitive


For example the Greater Bay Area is a super sized city cluster consisting of HK , Guangzhou, Shenzhen, Macao and some other cities. This city cluster is still under active development.

The general trend of economics and concentration of the population is:
Tribe
Village
City
Megalopolis
City Cluster
 
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