Author: tamson

Nothing to flaunt over China's revenue [Copy link] 中文

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Post time 2010-7-1 11:42:54 |Display all floors

Reply #8 seneca's post

Running out of infrastructure to build! ha ha ha
Next 8 years to 2018, there would be anywhere between minimal US$5 trillion to US$10 trillion to spend!

China supposed to have 250gigg capacity maximum for hydroelectricity, already reached level of 190 giga by 2010, the new hydro plants now needed rain - explain the COLONEL's plea early in the year before the big deluge of rain now! Wa ha ha ha ha

Now only Bramaputra and a few more sites!
(Depending on strategy, there would be additional 100 to 150 giga to be worked on after the final 60 giga within China is completed!)

So, 60 giga nuclear power plants, and 150 giga gas fired termal plants.

The Fast Rail Network is good if it can break even AFTER completion of construction, and pay for maintenance, carriage renewal, upgrades! Another 15,000 km worth around US$500 billion?

Water Reservoir, treatment, sewage - that'l be large - another 100 b tonnes water, sewage?
That will spend another US$1 - 2 trillion?

Water conservation, Relocation of (1) polluting, (2) high water use, (3) noisy industry away from City Centres of Beijing, Guangzhou and Shanghai - budget?

Landscaping, Flood alleviation - dispersal, Irrigation - budget?

Upgrades of Schools, technical colleges, Universities, Hospitals - CRAZY amount of work!
and reinvestment of power plants - now 900 giga, still building rate but slowing down to 60 giga rate a year, 30 giga alone for asset replacements, 30 giga to add on the existing capacity to keep track of demand!

-----we have not yet talked about military budget and CNSA ----that US$120 billion budget in 2010!

Wa ha ha ha ha


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Post time 2010-7-1 14:45:04 |Display all floors
Originally posted by greendragon at 2010-6-29 15:25
Depends on how we run the state!
and of course what kind of politics is being promoted!
What kind of "hidden agenda" and whether those in charge have TOLERANCE for progress in other reg ...

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Post time 2010-7-2 12:08:46 |Display all floors

Reply #10 tamson's post

Now watching the STRUGGLE on plantation margins - and their influence on the government!
Why? Reduce margins to favour the engineering, tractor guild?

That's why NO NEWS AT ALL about this issue!
It's not only a Chinese malady!

Gosh!

ha ha ha


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Post time 2010-7-4 08:03:39 |Display all floors
Generally, it's a good thing if Chinese governmetn can increase it's revenues so fast. But what is getting me worried is how they increase it.
The governments in the PRC don't earn most of their money by taxes - most is earned by ing (respectivle renting) out land, especially on local levels. Thus, the government also greatly depends on the real estate bubble... and currenty, no body is building, so nobody is buying land.

What I don't know is: if you build a building in China, do you pay once for the right to build a building for 50 years, or do you pay regularly, like every year?

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Post time 2010-7-5 13:56:22 |Display all floors

Reply #13 Everynowhere's post

you mean the revenue of central government also comes from land sales?
not the 17% VAT, and profit from all those GLC?

I thought local government gets money from land sales, local taxes?

hmmmmm?


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Post time 2010-7-5 13:57:35 |Display all floors

...and of course INCOME TAX on individuals, companies!

....so that 22% of the GNP is expected!

Wa ha ha ha


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Post time 2010-7-5 14:57:34 |Display all floors
Originally posted by correction at 2010-6-29 15:19
I think when the govt. is rich,
then soon her people will also become rich.



not really...  
have you read about the rich getting richer and the poor getting poorer out here?

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