China Economy Forum

[cirr]

@Assault Rifle Don‘t worry。China's stock indices are nearly exactly where they were 12 or 13 years ago。That hasn't stopped China from becoming the world's 2nd largest economy。

My guess is that China's stock indices will more or less remain where they are today when China becomes the world’s largest economy in 2017 or 2018.

The problem with Chinese stocks is that they come to the market on high multiples（PEs of 30、40、50 or even more）and then promptly go up anything from 30-100% on the first trading day。

Indian stocks，in rupee terms，are doing relatively well because India‘s stock market is tiny compared with China's， Indian stocks sell on low multiples even after the recent rises，and India is a magnet for hot money，something that China happens to despise。

Also China's stock indices are dominated by 20-30 heveyweights in a few sectors，such as financial services，energy、and property development。ICBC alone，for example，is about the entire banking industry in India。Vanko the property developer is at least half India's housing industry。The lousy showing by the main index is not indictive of hundreds of smaller companies whose stock prices doubled，tripled or even quadruled in 2013.

The performance of the stock market has never been a barometer of the Chinese economy。As a matter of fact，the opposite is often true：stocks do poorly in the boom years when money goes to the real economy rather than financial speculation。

 

[beijingwalker]

China should aim to eliminate absolute poverty and homelessness completely by 2030.

We are talking about One fifth of the humanity,won't be that easy.

 

[Mech]

China's National Audit Office says local governments were carrying nearly 3 trillion dollars of debt at the end of June.

The audit office released data from a 2-month investigation into debt and transactions outside the regular system, known as shadow banking.

The office said local governments' debt exceeds 17.9 trillion yuan, or 2.95 trillion dollars. The figure is 34.5 percent of last year's Gross Domestic Product.

Local governments are funding infrastructure and other projects with money collected from investors through the shadow banking system.

They are prohibited from issuing bonds to finance such projects.

Dec. 31, 2013 - Updated 00:15 UTC

Source: China's govt. debt soars to $ 3.3 tril. -NHK WORLD English-

 

[Truth Finder]

Add another $18.3 trillion accumulated debts which are more than 215% of China's GDP.
Accumulated debts pose risks to China's economy｜Markets｜Business｜WantChinaTimes.com

 

[Srinivas]

It is Credit crunch !!!

 

[beijingwalker]

U.S. debt jumps a record $328 billion — tops $17 trillion for first time

China still has a long way to go..keep it up.

 

[Mech]

China still has a long way to go..keep it up.

Didn't realize you were in a race to rack up debt.

 

[cirr]

China's National Audit Office says local governments were carrying nearly 3 trillion dollars of debt at the end of June.

The audit office released data from a 2-month investigation into debt and transactions outside the regular system, known as shadow banking.

The office said local governments' debt exceeds 17.9 trillion yuan, or 2.95 trillion dollars. The figure is 34.5 percent of last year's Gross Domestic Product.

Local governments are funding infrastructure and other projects with money collected from investors through the shadow banking system.

They are prohibited from issuing bonds to finance such projects.

Dec. 31, 2013 - Updated 00:15 UTC

Source: China's govt. debt soars to $ 3.3 tril. -NHK WORLD English-

Total debt，including contingent liabilities，is about 55% of 2013 GDP。

Actual government debt is a low 20 trillion yuan，about 39% of GDP for 2013，which is way too low compared with the US' 100% and Japan's 260%：

外媒：中国政府何以不恐慌政府债务问题|中国政府|债务|政府_新浪财经_新浪网

As a percentage of GDP，India‘s government debt is way way higher than China's。

The Central Government，and those local governments with strong and sound finances，must issue more debt at the going annual interest rates of only 3-4%，to finance infrastructure investments and provide cheap loans for small and micro enterprises。

The Chinese have too much savings。

 

[S10]

We are talking about One fifth of the humanity,won't be that easy.

I'm not talking about relatively poverty, which is related to the wealth gap. I am talking about absolute poverty, which must be eliminated if China wanted to be an advanced economy.

 

[beijingwalker]

Public debt percent gdp world map

Government debt gdp

From the map it seems to show that the more developed a country becomes,the more debt it owes.

 

[beijingwalker]

Zhangjiajie, China: The Bailong Elevator is the world’s largest and tallest exterior elevator. At over 1,000 feet tall, this elevator looms high midway up a cliff overlooking a valley far below. Moreover, the elevator is mostly glass, affording passengers a dizzying view to the depths below. There is some concern, however, about the elevator’s long-term impact on the surrounding natural environment.

 

[yusheng]

Regional jets roll off Shanghai assembly line


China's first two home-grown ARJ 21 regional jets for commercial service rolled off the assembly line in Shanghai on Monday.

The turbofan regional jets, with 70 economy, and eight first-class seats, will be delivered to Chengdu Airlines next year. Another three will be assembled next year.

The project, the country's first for home-grown passenger jets, was launched in 2000 and the jet made its maiden test flight five years ago.

The ARJ 21 has received 252 orders, most from domestic airlines.

China's regional aviation market is still developing and air travel demand from small and medium-sized cities will increase as the country's urbanization picks up.

Chinese airlines currently operate a fleet of 1,996 aircraft, but planes with less than 100 seats only account for 8 percent of the fleet. Airlines have to endure losses if they fly regional routes with large aircraft.

The government has been subsidizing airlines and airport construction to boost growth in regional air travel.

The subsidies in the past five years reached 5 billion yuan ($822 million). It will grant 23 airlines a total of 912 million yuan in subsidies for regional routes in 2014, more than twice this year's subsidies, according to the Civil Aviation Administration of China.

Regional jets roll off Shanghai assembly line|Industries|chinadaily.com.cn

 

[eazzy]

Tianmenshan is also impressive. Both are amazing.

 

[shuttler]

AVIC formally launches MA700 programme

AVIC has formally launched the XIan MA700 programme and expects the turboprop to enter service in 2019.

The new 70-seat turboprop is positioned to best serve medium-sized markets within a 800km (500 mile) range. The aircraft will be able to operate in high temperature, high altitude environments and will be capable of frequent short take-offs and landings. Its fuel consumption, operation and maintenance costs are also expected to be lower than its peers in the same category, AVIC said at a recent press conference in Beijing.

The aircraft will be able to cruise at above 320kt (600km/h) and climb to its cruising altitude within 13 minutes.

Besides the baseline 70-seat model, AVIC also has plans to stretch and shrink the aircraft.

The Chinese manufacturer adds that the MA700, ARJ21 regional jet, and C919 narrowbody allow China to offer a range of aircraft types and increase the country's aircraft manufacturing prowess.

credit: pprune.org

In September, AVIC told Flightglobal Pro that it had issued a tender to global suppliers for work on its MA700 and will decide on its choice of suppliers by early next year. It added that the manufacturer is targeting to achieve type certification for the turboprop from the Civil Aviation Administration of China by 2018.

Simultaneously, it will also pursue certification from either the US Federal Aviation Administration or EASA to ensure that the aircraft meets international standards.

The MA600 and its predecessor, the MA60, have been sold mostly to airline customers in developing countries in Asia and Africa. The MA700 will compete with the ATR 72-500/600 and BombardierDash 8 Q400 in the larger turboprop passenger aircraft market.



A view of the cockpit inside MA-60 and control panel adjustments before it takes flight:
西安新舟60 xian MA60 驾驶舱 起飞前准备—在线播放—优酷网，视频高清在线观看

 

[MohitV]

awesome !!