I believe the Chinese Economy is way bigger than reported GDP numbers.How does the $US12.8 trillion mobile transaction value square with China's GDP of presumably $US12.0 trillion (last year)?
News on China's scientific and technological development.
- Thread starter Quickie
- Start date
plawolf
Lieutenant General
How does the $US12.8 trillion mobile transaction value square with China's GDP of presumably $US12.0 trillion (last year)?
In its simplest form, GDP measures the value of all the goods and services purchased/consumed by the final users within the economy.
Think of a very basic product like a hammer. That hammer is made of a steel head and a wooden handle. GDP only count the value of this hammer when some buys it.
What isn’t counted in GDP, but which might be countered in the sum total of mobile transactions, could be things like what the maker of the hammer:
- paid his suppliers for the wood, steel and packaging for the finished product
- the labour cost of his employees turning those raw materials into the finished product
- the advertising costs of finding customers for his hammer
- the transportation costs of getting that hammer to the customer
Now supposed his employees and suppliers takes the money they earned from this trade and buy raw materials and/or services themselves. So on and so forth.
Every time someone makes a mobile transaction, it gets counted and added to the sum total of transactions. So you can see how many times the same money could get multiplied within the total transactions count from something as simple as a hammer. The whole point of GDP is to strip out all the double counting.
In essence, GDP growth is a count of value added. If everyone in the economy are all pricing their products at cost and add zero profit margin, all that happens is the same amount of money goes round and round, but the economy will only have the same sum total amount of money no matter how many times money chances hands.
It’s only when you have value added that the economy grows, and that increase is what is expressed by GDP growth.
Quickie
Colonel
That is what I suspected. The amazing thing is you still hear of an economic expert (in a popular Financial/Stock Market channel) stating that China's economy is only $US9.0 Trillion.
Quickie
Colonel
On the whole, you gave a good explanation of how GDP is generated.
Just want to comment that, other than the labour cost, wood, steel (and other raw materials), packaging and advertising are included in the GDP accounting as under some category of products and services. In regard to labour cost, I believe employee monetary matter are normally handled through bank accounts.
Jura The idiot
General
Hendrik_2000
Lieutenant General
The day that Qualcomm. Media tek reign the 3rd and 4th gen cellphone chips, is coming to a close
Huawei announces Balong 5G01, first commercially available 5G chipset
FEBRUARY 25, 2018 6:04 AM
Above: Richard Yu, CEO of Huawei's Consumer Business Group.
In the race to win the 5G market, China’s Huawei took another step forward today when it announced what it claims is the first commercially available 5G chipset.
Called the Balong 5G01, the company says it is compliant with the recent standards that were locked down last December by industry group 3GPP. While 5G is expected to eventually able network speed of 20 Gbps, this first chipset from Huawei offers up to 2.3 Gbps.
There was no pricing information. But Richard Yu, CEO of Huawei’s Consumer Business Group, said the chip was just the latest example of how Huawei is aggressively pushing forward with 5G.
He also demonstrated the the company is developing to allow end users to start experiencing 5G in their homes and offices.
Yu was speaking a day before the official opening of Mobile World Congress in Barcelona, the telecom industry’s largest annual gathering where 5G is expected to be the main theme.
Huawei announces Balong 5G01, first commercially available 5G chipset
FEBRUARY 25, 2018 6:04 AM
Above: Richard Yu, CEO of Huawei's Consumer Business Group.
In the race to win the 5G market, China’s Huawei took another step forward today when it announced what it claims is the first commercially available 5G chipset.
Called the Balong 5G01, the company says it is compliant with the recent standards that were locked down last December by industry group 3GPP. While 5G is expected to eventually able network speed of 20 Gbps, this first chipset from Huawei offers up to 2.3 Gbps.
There was no pricing information. But Richard Yu, CEO of Huawei’s Consumer Business Group, said the chip was just the latest example of how Huawei is aggressively pushing forward with 5G.
He also demonstrated the the company is developing to allow end users to start experiencing 5G in their homes and offices.
Yu was speaking a day before the official opening of Mobile World Congress in Barcelona, the telecom industry’s largest annual gathering where 5G is expected to be the main theme.
antiterror13
Brigadier
That is what I suspected. The amazing thing is you still hear of an economic expert (in a popular Financial/Stock Market channel) stating that China's economy is only $US9.0 Trillion.
yeahhh they are living in 2012 ... 5 years late
Quickie
Colonel
Yes...either that, or the guy never brush up his economic standpoint for China for the past 5 years.
Quantum computing now available for commercial use -- 2nd in the world after IBM.
Alibaba Cloud steps up its game as it offers quantum computing service
Becomes second company after IBM to launch a quantum computer with processing power of more than 10 qubits
PUBLISHED : Friday, 23 February, 2018, 11:02pm
UPDATED : Friday, 23 February, 2018, 11:02pm
23 Feb 2018
Alibaba Cloud on Friday launched the world’s second-most powerful quantum computing service on the cloud after IBM in association with the Chinese Academy of Sciences.
While Alibaba Cloud’s quantum computer is capable of processing 11 quantum bits (qubits), IBM launched a 20-qubit computer last November.
Shi Yaoyun, chief quantum technology scientist at Alibaba Cloud, said that the launch of the quantum computing service will make it easier for the team to experiment with processors and better understand the hardware required, as well as develop quantum tools and software.
As the kinds of processes and calculations get more complex to compute, quantum computers are often seen as a solution that can help process such calculations much quicker than classical computers.
For example, cracking a complex password via brute force could take a classical computer years, but with a quantum computer, it could just take a few seconds.
While bits in classical computers are binary and can only process the values of 0 or 1 at any one time, qubits are able to hold both values at the same time – otherwise known as a superposition state. This means that at any one time a single qubit can participate in millions of processes. The larger the number of qubits a quantum computer has, the more powerful the computer is.
The launch of the quantum computing service comes after Alibaba Group Holding pledged to invest US$15 billion into next-generation technology last October, including artificial intelligence and quantum computing, as it aims to keep up with global players like Amazon and Google in so-called “moonshot” technologies that could potentially change the technology landscape.
Its ‘Damo’ academy is looking to hire 100 researchers to work on fields like AI, quantum computing and fintech, with plans to launch eight research bases in countries including the US, Israel and Singapore.
Alibaba owns the South China Morning Post.
Alibaba Cloud steps up its game as it offers quantum computing service
Becomes second company after IBM to launch a quantum computer with processing power of more than 10 qubits
PUBLISHED : Friday, 23 February, 2018, 11:02pm
UPDATED : Friday, 23 February, 2018, 11:02pm
23 Feb 2018
Alibaba Cloud on Friday launched the world’s second-most powerful quantum computing service on the cloud after IBM in association with the Chinese Academy of Sciences.
While Alibaba Cloud’s quantum computer is capable of processing 11 quantum bits (qubits), IBM launched a 20-qubit computer last November.
Shi Yaoyun, chief quantum technology scientist at Alibaba Cloud, said that the launch of the quantum computing service will make it easier for the team to experiment with processors and better understand the hardware required, as well as develop quantum tools and software.
As the kinds of processes and calculations get more complex to compute, quantum computers are often seen as a solution that can help process such calculations much quicker than classical computers.
For example, cracking a complex password via brute force could take a classical computer years, but with a quantum computer, it could just take a few seconds.
While bits in classical computers are binary and can only process the values of 0 or 1 at any one time, qubits are able to hold both values at the same time – otherwise known as a superposition state. This means that at any one time a single qubit can participate in millions of processes. The larger the number of qubits a quantum computer has, the more powerful the computer is.
The launch of the quantum computing service comes after Alibaba Group Holding pledged to invest US$15 billion into next-generation technology last October, including artificial intelligence and quantum computing, as it aims to keep up with global players like Amazon and Google in so-called “moonshot” technologies that could potentially change the technology landscape.
Its ‘Damo’ academy is looking to hire 100 researchers to work on fields like AI, quantum computing and fintech, with plans to launch eight research bases in countries including the US, Israel and Singapore.
Alibaba owns the South China Morning Post.
Hendrik_2000
Lieutenant General
Via Martian from Pakdef. Slowly they are chipping away at western chip technology monopoly.
China has reached a milestone. Xi'an UnilC Semi is selling its own designs of DDR4 DRAM chips and modules.
"DDR4 SDRAM is the abbreviation for 'double data rate fourth generation synchronous dynamic random-access memory,' the latest variant of memory in computing. DDR4 is able to achieve higher speed and efficiency thanks to increased transfer rates and decreased voltage."
In simple English: DDR4 is the fastest computer memory available.
"DDR4 memory technology is up to twice as fast and delivers 50% more bandwidth and 40% more energy efficiency than DDR3 technology when it was introduced."
----------
"Xi’an UniIC Semiconductors, a memory producer based in China, has started to sell DDR4 DRAM chips and modules that were developed and made in-house. This is the first time when a China-based company develops its own DDR4 memory chips.
...
Xi’an UniIC’s DDR4 lineup includes 4 GB and 8 GB SO-DIMMs, 4 GB and 8 GB UDIMMs as well as a 4 GB UDIMM with ECC, all rated for data transfer rate of 2133 MT/s with CL15 15-15 timings at 1.2 V (according to Xi’an UniIC’s DDR4 product decoder). All the DIMMs are based on Xi’an UniIC’s own DDR4 memory chips featuring 4 Gb capacity. The modules and the chips are not meant to offer breakthrough performance levels and are probably aimed at various inexpensive PCs, most of which will be sold in China."
China has reached a milestone. Xi'an UnilC Semi is selling its own designs of DDR4 DRAM chips and modules.
"DDR4 SDRAM is the abbreviation for 'double data rate fourth generation synchronous dynamic random-access memory,' the latest variant of memory in computing. DDR4 is able to achieve higher speed and efficiency thanks to increased transfer rates and decreased voltage."
In simple English: DDR4 is the fastest computer memory available.
"DDR4 memory technology is up to twice as fast and delivers 50% more bandwidth and 40% more energy efficiency than DDR3 technology when it was introduced."
----------
"Xi’an UniIC Semiconductors, a memory producer based in China, has started to sell DDR4 DRAM chips and modules that were developed and made in-house. This is the first time when a China-based company develops its own DDR4 memory chips.
...
Xi’an UniIC’s DDR4 lineup includes 4 GB and 8 GB SO-DIMMs, 4 GB and 8 GB UDIMMs as well as a 4 GB UDIMM with ECC, all rated for data transfer rate of 2133 MT/s with CL15 15-15 timings at 1.2 V (according to Xi’an UniIC’s DDR4 product decoder). All the DIMMs are based on Xi’an UniIC’s own DDR4 memory chips featuring 4 Gb capacity. The modules and the chips are not meant to offer breakthrough performance levels and are probably aimed at various inexpensive PCs, most of which will be sold in China."