2015 Q2 GDP growth (dollar) rate of top 20 economies

[CHN Bamboo]

This is Rhodium group report. "Broken Abacus? A More Accurate Gauge of China's Economy"



After the recent stock debacle, China is no where close to any kind of internationalization for at least 5 years.

For internationalization, what is required is trust in the system, which is completely lost recently. You want foreign investors in your stock and bond markets. No one is willing to come right now.

China's stock market??
Ignore that useless thing like in 2008...

that depends on what you graduate with.

But is there a good salary guaranteed..?

 

[BDforever]

in terms of dollars,
only US CHINA and India has positive GDP growth, respectively 3.8%, 7.1% and 4.7%
Russia drops 36.8%
Italy Sweden and Brazil drops about 18%View attachment 262628

in 2015 Q3, many countries have their currency depreciated even more, so the performance will be even worse.

English

 

[bolo]

China's stock market??
Ignore that useless thing like in 2008...


But is there a good salary guaranteed..?

It depends on what you study in university.

 

[Edison Chen]

But is there a good salary guaranteed..?

Yes, it is guaranteed only if you stay away from this forum and try to get more real working experiences and a stronger social networking from your campus activities and internships. I wish you best luck in your school work.

 

[Martian2]

CSIS (Center for Strategic and International Studies) 224 page report that China's nominal GDP is actually 15% larger than reported.

Link: http://csis.org/files/publication/150824_Rosen_BrokenAbacus_WEB.pdf

----------

Rhodium Group has a different report with a similar conclusion.

SNA 2008 should increase China's 2008 nominal GDP by 13.2% to 16.3%

There are two revisions.

The first one is minor, which added $308 billion (3.4% of GDP). The upward revision was due to a 2013 national economic census, which provided better data.

A Better Abacus for China | Rhodium Group

----------

We are waiting for the big one; the SNA (System of National Accounts) 2008 accounting standard with 17 chapters.

China is currently using the old 1993 SNA accounting standard to determine its nominal GDP.

The citation below estimates the upcoming SNA 2008 accounting standard update should add 13.2% to 16.3% onto China's 2008 GDP. The range of estimate is due to uncertainty over the size of China's R&D budget.

A Better Abacus for China | Rhodium Group

 

[TaiShang]

What will happen when I graduate from college/get Master degree?

The effort you put during your college years is important. You need to be result-oriented, in my opinion. Especially from the second part of your MA program, you need to have a more or less clear idea about what you really want to do after graduation.

Of course it depends on the degree you get: I am a social scientist, hence I feel the job market to be more squeezed and competitive. A degree in engineering or other natural sciences will definitely land you in a job in no time -- at least relatively more easily than a social science major. I know this by experience as I explored China's academic job market: There is huge demand for engineering and other hard sciences.

In any case, depending on you want -- to stay in academia or plunge into the real world after graduation -- you need to devise a working strategy, be realistic and goal-oriented while remaining flexible. In academia, I found out that too much perfectionism is detrimental to progress. Hence, one needs to know how to learn while at the same time progressing.

Otherwise, especially academia can be rather stagnating.

All the best. The future is definitely bright for you and for the nation. ：）

 

[Bussard Ramjet]

CSIS (Center for Strategic and International Studies) 224 page report that China's nominal GDP is actually 15% larger than reported.

Link: http://csis.org/files/publication/150824_Rosen_BrokenAbacus_WEB.pdf

----------

Rhodium Group has a different report with a similar conclusion.

SNA 2008 should increase China's 2008 nominal GDP by 13.2% to 16.3%

There are two revisions.

The first one is minor, which added $308 billion (3.4% of GDP). The upward revision was due to a 2013 national economic census, which provided better data.

A Better Abacus for China | Rhodium Group

----------

We are waiting for the big one; the SNA (System of National Accounts) 2008 accounting standard with 17 chapters.

China is currently using the old 1993 SNA accounting standard to determine its nominal GDP.

The citation below estimates the upcoming SNA 2008 accounting standard update should add 13.2% to 16.3% onto China's 2008 GDP. The range of estimate is due to uncertainty over the size of China's R&D budget.

A Better Abacus for China | Rhodium Group

I think both reports are the same.

Angela Bao Beibei, and Daniel Rosen are also the authors of the Rhodium Group report.

I just think CSIS has bought the copyrights for the report from Rhodium Group.

 

[Martian2]

India's GDP growth just 4.7%? Where did you get that from?

Here's The IMF's stats for 2015 which is the true indicator of GDP growth rates...

Columns are respectively for years 2013 - 2014 - 2015 - 2016

Overview of the World Economic Outlook ​

View attachment 262644


IMF World Economic Outlook (WEO) Update, July 2015: Slower Growth in Emerging Markets, a Gradual Pickup in Advanced Economies

Nominal GDP depends on three factors.

1. Gross economic growth
2. Annual inflation rate
3. Currency fluctuation

China's currency fell a meager 3% from 6.2 to 6.4 Yuans per US dollar.

However, India's Rupee has fallen another five rupees from 60 to 65 Rupees per US dollar.

[65 Rupees per dollar (new depreciated exchange rate) - 60 Rupees per dollar (old rate)] / 65 Rupees base exchange rate = 7.7% depreciation

Hence, India's nominal GDP growth rate is somewhere around 4.7%.

 

[AndrewJin]

Nominal GDP depends on three factors.

1. Gross economic growth
2. Annual inflation rate
3. Currency fluctuation

China's currency fell a meager 3% from 6.2 to 6.4 Yuans per US dollar.

However, India's Rupee has fallen another five rupees from 60 to 65 Rupees per US dollar.

[65 Rupees per dollar (new depreciated exchange rate) - 60 Rupees per dollar (old rate)] / 65 Rupees base exchange rate = 7.7% depreciation

Hence, India's nominal GDP growth rate is somewhere around 4.7%.

Indian rupee is depreciating to hell.
I don't think it will survive in the coming bigger crisis.

 

[TaiShang]

Nominal GDP depends on three factors.

1. Gross economic growth
2. Annual inflation rate
3. Currency fluctuation

China's currency fell a meager 3% from 6.2 to 6.4 Yuans per US dollar.

However, India's Rupee has fallen another five rupees from 60 to 65 Rupees per US dollar.

[65 Rupees per dollar (new depreciated exchange rate) - 60 Rupees per dollar (old rate)] / 65 Rupees base exchange rate = 7.7% depreciation

Hence, India's nominal GDP growth rate is somewhere around 4.7%.

IMF: China's GDP grows 6.5-7.5% this year
October 7, 2015

The International Monetary Fund (IMF) is confident about its GDP growth expectations for China in the range of 6.5 percent to 7.5 percent in 2015, according to the organization's latest World Economic Outlook released on Tuesday.

China having unrolled fiscal measures and its infrastructure investments are the main reasons for the economic growth this year, according to the report.

China's economic transformation, the fall in commodity prices and the approaching normalization of U.S. monetary policy are the three main forces currently impact the global economy, leading global growth to hit only 3.1 percent in 2015, said Maurice Obstfeld, the IMF economic counselor.

"China's rebalancing from exports and public investment to consumption, from manufacturing to services. This is healthy and necessary in the long-term ... but there will be repercussions for the world, especially developing countries," added Obstfeld.

The IMF's support for Beijing's decision is seen as crucial, since it could impact the international financial organization's decision to include the Chinese currency, the yuan, in its basket of Special Drawing Rights currencies in November.

Indian rupee is depreciating to hell.
I don't think it will survive in the coming bigger crisis.

India’s manufacturing activity also slowed to a seven-month low during the month as businesses struggle due to weak demand, both at home and overseas.

India’s central bank downgraded its 2015 growth estimates to 7.4 per cent from 7.6 per cent last week.

 

[AndrewJin]

IMF: China's GDP grows 6.5-7.5% this year
October 7, 2015

The International Monetary Fund (IMF) is confident about its GDP growth expectations for China in the range of 6.5 percent to 7.5 percent in 2015, according to the organization's latest World Economic Outlook released on Tuesday.

China having unrolled fiscal measures and its infrastructure investments are the main reasons for the economic growth this year, according to the report.

China's economic transformation, the fall in commodity prices and the approaching normalization of U.S. monetary policy are the three main forces currently impact the global economy, leading global growth to hit only 3.1 percent in 2015, said Maurice Obstfeld, the IMF economic counselor.

"China's rebalancing from exports and public investment to consumption, from manufacturing to services. This is healthy and necessary in the long-term ... but there will be repercussions for the world, especially developing countries," added Obstfeld.

The IMF's support for Beijing's decision is seen as crucial, since it could impact the international financial organization's decision to include the Chinese currency, the yuan, in its basket of Special Drawing Rights currencies in November.





India’s manufacturing activity also slowed to a seven-month low during the month as businesses struggle due to weak demand, both at home and overseas.

India’s central bank downgraded its 2015 growth estimates to 7.4 per cent from 7.6 per cent last week.

Let's wait until 2012.

 

[Tridibans]

IMF: China's GDP grows 6.5-7.5% this year
October 7, 2015

The International Monetary Fund (IMF) is confident about its GDP growth expectations for China in the range of 6.5 percent to 7.5 percent in 2015, according to the organization's latest World Economic Outlook released on Tuesday.

China having unrolled fiscal measures and its infrastructure investments are the main reasons for the economic growth this year, according to the report.

China's economic transformation, the fall in commodity prices and the approaching normalization of U.S. monetary policy are the three main forces currently impact the global economy, leading global growth to hit only 3.1 percent in 2015, said Maurice Obstfeld, the IMF economic counselor.

"China's rebalancing from exports and public investment to consumption, from manufacturing to services. This is healthy and necessary in the long-term ... but there will be repercussions for the world, especially developing countries," added Obstfeld.

The IMF's support for Beijing's decision is seen as crucial, since it could impact the international financial organization's decision to include the Chinese currency, the yuan, in its basket of Special Drawing Rights currencies in November.





India’s manufacturing activity also slowed to a seven-month low during the month as businesses struggle due to weak demand, both at home and overseas.

India’s central bank downgraded its 2015 growth estimates to 7.4 per cent from 7.6 per cent last week.

Indian rupee is depreciating to hell.
I don't think it will survive in the coming bigger crisis.

Shows how much you guys know about Indian economy. With the strengthening USD against a basket of currencies along with rebound in US economy, INR depreciated to around 67 Rs per 1 USD in the last week of September.

Today it is 65.29....... So much for depreciating to hell.

Ask any forex trader and most probably by all estimates, with weak US Job data and revised GDP numbers for India, INR will quote in the 64-64.5 range by the end of October.

XE: (USD/INR) US Dollar to Indian Rupee Rate

 

[Martian2]

Shows how much you guys know about Indian economy. With the strengthening USD against a basket of currencies along with rebound in US economy, INR depreciated to around 67 Rs per 1 USD in the last week of September.

Today it is 65.29....... So much for depreciating to hell.

Ask any forex trader and most probably by all estimates, with weak US Job data and revised GDP numbers for India, INR will quote in the 64-64.5 range by the end of October.

XE: (USD/INR) US Dollar to Indian Rupee Rate

The Indian Rupee has depreciated for decades. It will continue to keep depreciating. There are two reasons.

1. Huge Indian trade deficit around $100 billion per year.
2. Huge federal budget deficit around $100 billion per year.

These are two intractable Indian deficits. No one knows how to solve these problems. With the proposed purchase of expensive French Rafale fighters, the Indian deficits will increase significantly.

 

[Bussard Ramjet]

The Indian Rupee has depreciated for decades. It will continue to keep depreciating. There are two reasons.

1. Huge Indian trade deficit around $100 billion per year.
2. Huge federal budget deficit around $100 billion per year.

These are two intractable Indian deficits. No one knows how to solve these problems. With the proposed purchase of expensive French Rafale fighters, the Indian deficits will increase significantly.

You are wrong. Indian ruppee appreciated for few years, some years back.

Also, those things can be turned around, something India is working desperately upon.

 

[Martian2]

You are wrong. Indian ruppee appreciated for few years, some years back.

Also, those things can be turned around, something India is working desperately upon.

2003 to 2008 showed a Rupee appreciation, but that was due to a large inflow of hot cash into the Indian stock exchange or currency speculation.

You cannot stop the Indian Rupee depreciation until the huge Indian federal budget and trade deficits are fixed.

During the last five years from 2010 to 2015, the Indian Rupee has depreciated from 45 to 65 Rupees per US dollar.

(65 - 45) / 65 = 30% depreciation

Look at that huge 30% currency depreciation over the last five years. I suggest you admit that the Indian Rupee is under pressure and still depreciating.