China Economy Forum

[Mr Second]

If China continue focusing on her low level labor force and stupid real estate, but never do some "real thing", soon for sure, China will be replaced. Many people want to open factories in South East Asia, since the labor and price of China hasnt any competitive strength. That's for sure!

 

[BoQ77]

Bubble style development, we know !!!

 

[ice bomb]

We are not seriously compare Irland to China, are we?

 

[beijingwalker]

Japan debt problem visualized.

Public debt percent GDP world map

Government debt GDP

 

[kankan326]

Unlike USA and Japan, a big part of China's debt was invested in infrastructures, which can be reclaimed in the future.

 

[beijingwalker]

You will be updated

China's trade volume and surplus log new all-time records
China's trade volume and surplus log new all-time records | Business | DW.DE | 10.01.2014

 

[UKBengali]

The article does not say anything that this is a bad thing for China.

It can even be taken as a good thing since China has gone up the economic ladder and is no longer able to produce low cost items due to higher labour costs.

 

[shuttler]

This is the link
Paper tiger: China's potential debt disaster | Business Spectator

Let us explore on other economies like turkey, japan, india, usa, vietnam .. and or some others ..then to compare their statuses with that of China to see how we look

1. Turkey:

MIDEAST DEBT-Turkey's debut Eurolira bond may trigger wave of issues
Wed Feb 6, 2013
MIDEAST DEBT-Turkey's debut Eurolira bond may trigger wave of issues| Reuters

Regulator tries to curb Turkey's soaring credit card debt
15 December 2013
BBC News - Regulator tries to curb Turkey's soaring credit card debt

Turkey's Ticking Debt Time Bomb
The Trim: Turkey's ticking debt time-bomb

hold on to some more ..! Fasten your seat belts haters!

 

[atatwolf]

Whole grain first educate yourself that there were different Turkic tribes.

Your premise is based on wrong hypothesis. That way you can even say Kazakh and uighur doesn't look similar because former looks momgoliod and Uighur looks caucasiod/mongoloid.

Turks, Azerbaijani, Uighur are oghuz which is Caucasian/mongoloid which is exactly like we look like. And Kazakh were from kipcak tribe which is mostly mongoloid.

And lastly, Japanese and turkish relationship is not only based on genetics and language but historical things.

This is the link
Paper tiger: China's potential debt disaster | Business Spectator

Let us explore on other economies like turkey, japan, india, usa, vietnam .. and or some others ..then to compare their statuses with that of China to see how we look

1. Turkey:

MIDEAST DEBT-Turkey's debut Eurolira bond may trigger wave of issues
Wed Feb 6, 2013
MIDEAST DEBT-Turkey's debut Eurolira bond may trigger wave of issues| Reuters

Regulator tries to curb Turkey's soaring credit card debt
15 December 2013
BBC News - Regulator tries to curb Turkey's soaring credit card debt

Turkey's Ticking Debt Time Bomb
The Trim: Turkey's ticking debt time-bomb

hold on to some more ..! Fasten your seat belts haters!

Turkey and Japan doesn't have soaring poverty levels and soon to be nonexisted export. Chinese economy is based on demand from abroad while Japan and Turkey has domestic market and also healthy growh rate.

 

[shuttler]

Turkey and Japan doesn't have soaring poverty levels and soon to be nonexisted export. Chinese economy is based on demand from abroad while Japan and Turkey has domestic market and also healthy growh rate.

you have your own poverty in india turkey and japanese will be on the lane to perdition!
do you all have the amount of our FX reserves? and other assets!

 

[antonius123]

Dont be idiotic.

The 16 countries replace china only for low wage manufacturing, as china is moving up value chain into high tech manufacturing.

 

[Fattyacids]

Global Luxury Goods Sales Exceed US$318 Billion

BRIC countries to account for more than 35% of projected global sales over the next five years


CHICAGO, ILLINOIS--(Marketwired - Oct. 8, 2013) - Global market research company Euromonitor International released today new data on the global luxury goods industry.

Euromonitor International's latest research on the global luxury goods market indicates another solid year's performance for 2013. Driven mainly by strength in emerging economies, overall retail growth is set to be stronger than in 2012, with luxury goods sales to exceed US$318 billion worldwide. This will represent a year-on-year real value gain of over 3% on 2012.

The majority of this impressive growth comes from emerging markets such as China, India, Indonesia and Malaysia. While Euromonitor International forecasts that by 2018 the United States, with a projected 34 million high-income earners, will continue to lead the luxury goods industry, countries with rapidly growing populations of high earners such as India, Malaysia, Indonesia, Mexico and Brazil, offer the greatest opportunities for businesses and brands offering luxury goods and services.

"According to our latest research, luxury spending in the BRIC countries experienced a massive increase of 104% over the last five years, compared to just 18% in developed markets," said Fflur Roberts, Global Head of Luxury Goods research at Euromonitor International. "Luxury spending in China is rising steeply despite a government clampdown on extravagant consumption. At the same time, a weaker yen is bolstering Japan's penchant for premium brands and affordable luxury is still breaking new ground in Western Europe and North America."

The outlook for the luxury goods industry over the short to medium term is positive. "A rapidly expanding A and B class across sub-Saharan Africa, Latin America and emerging Asia, with incomes 150 to over 200% higher than the average gross incomes of individuals aged 15 and over, is fuelling a new culture of luxury aspiration, leading to an increase in luxury spend," explained Roberts.

India was by far the most dynamic luxury goods market over the 2008-2013 period and is forecast to grow by a further 86% in constant value terms over the five years to 2018, followed by China at 72%, Brazil at 31% and Russia at 28%.

Overtaking France in 2012, China became the third largest market in the global luxury goods rankings. While in 2013, China accounts for only 7% of global luxury goods consumption, its share is expected to increase further. China is forecast to account for the highest overall value sales increase over the next five years of over US$17 billion. This will equate to 26% of the total global contribution.

In 2012, Mexico overtook Brazil as Latin America's biggest luxury goods market. With a total GDP of US$1.2 trillion in 2012, Mexico is the world's fifth largest emerging market economy behind the BRIC countries - Brazil, Russia, India and China - and the second largest in Latin America.

Mexico's real GDP growth is also expected to be faster than Brazil's, growing between 3-4% in the short to medium term. "How fast Mexico's economy continues to grow will depend on the implementation of key structural reforms, but there is a rising economic confidence across Mexico's luxury goods industry that will be hard to derail," said Roberts. "Luxury goods players are looking at Mexico from a completely different standpoint compared to five years ago, with many brands having opened new stores in the last year."

Global Luxury Goods Sales Exceed US$318 Billion

Forecast/actual growth rate does NOT refer to the market size. This article is saying India consumption of luxury goods is expected to grow higher, but nothing about its size. India's luxury goods market/consumption is actually very small.

 

[MohitV]

Forecast/actual growth rate does NOT refer to the market size. This article is saying India consumption of luxury goods is expected to grow higher, but nothing about its size. India's luxury goods market/consumption is actually very small.

 

[shuttler]

Forecast/actual growth rate does NOT refer to the market size. This article is saying India consumption of luxury goods is expected to grow higher, but nothing about its size. India's luxury goods market/consumption is actually very small.

That is right
the growth of $1 to $2 is 100%. that is indian math somewhat bragging!

Without looking at the numbers our spending on lux goods is crazy at number 1 spot and that is something we should not be proud of!

 

[Fattyacids]

That is right
the growth of $1 to $2 is 100%. that is indian math somehow!

Without looking at the numbers our spending on lux goods is crazy at number 1 spot and that is something we should not be proud of!

We should start making our own LV, Hermes, Zegna, Patek Philippe....It's a long way to go, but it's possible: Vera Wang, Shanghai Tang , Jimmy Choo...