Author: saltandpepper

Chinese economy likely to grow by 8.3% in 2012   [Copy link] 中文

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Post time 2012-3-17 13:15:49 |Display all floors
This post was edited by correction at 2012-3-17 13:17

By the end of 2012 China's total GDP will have reached 10 trillion USD,
China will be the largest economy on earth eclipsing that of USA.
Per capital income will have reached USD 8,000,
China will also have the largest middle income population in the whole world,
and the largest market in the world,
China will also be the largest export destination for the whole world.

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Post time 2012-3-17 13:43:56 |Display all floors
GDP growth is a number game.  people want relaxed life  .

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Post time 2012-3-17 13:46:44 |Display all floors
This post was edited by greendragon at 2012-3-17 14:01

China per capita income will be US$7,000 by end 2012!

By the way
USA per capita income appears to be US$50,000
Australia, Canada, Singapore will have US$55,000 to US$60,000
Norway, Switzerland could be US$80,000
Korea, Taiwan, and Central Malaya shares the US$30,000 spot
Hong Kong and New Zealand seems to be at US$40,000
Russian Federation seems to be at US$13,000

I am not sure about the UK, it could be anywhere between US$60,000 to US$80,000
All these states shares similar labour participation of around 55% to 60% of the population and have near full employment.The magazine I read indicates the higher end, but minimum wage-working hours indicates the lower end.

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Post time 2012-3-17 13:48:26 |Display all floors
greendragon Post time: 2012-3-17 13:46
China per capita income will be US$7,000 by end 2012!

By the way

I think China per capital will likely be US$8,000 because of Rmb appreciation.
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Post time 2012-3-17 13:53:53 |Display all floors
correction Post time: 2012-3-17 13:48
I think China per capital will likely be US$8,000 because of Rmb appreciation.

I would really have to make a TRIP to compare notes to be sure!

Data available in PUBLICATIONS, even STATE DATA (like in Malaya) seems to be inaccurate, not reflecting the actual condition that we see!

As for CHINA, my last visit was to Shanghai in 2010.
Cannot really be sure of the actual situation in 2012.
Last visit to Guangdong was in 2009 - not sure the situation today!

cheerios!

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Post time 2012-3-17 13:56:53 |Display all floors
China's GNP can be quite accurately estimated by ELECTRICITY, crude oil, steel, paper, plastic, fiber use.

Overall, my visit to the Yangtze delta indicate SIMPLER RANGE of products.
By all Indications, it lack behind PEARL RIVER DELTA and BEIJING (but my last visit was in 2006 circa)
With crude oil use at 400 milion tonnes........

....gnp cannot be more than US$10 trillion!

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Post time 2012-3-17 14:00:57 |Display all floors
greendragon Post time: 2012-3-17 13:56
China's GNP can be quite accurately estimated by ELECTRICITY, crude oil, steel, paper, plastic, fibe ...

You'll be surprised !
China's economy is larger than official numbers.
Likely it has already surpassed US's economy in terms of PPP.
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