What's new

China Economy Forum

I did not say china should follow exactly the way western elaborating democracy.At least civilian should have more say in the decision of the country and election of government officer. It is very stupid to have a up bronze leading you even do not know where the heck he is poping out? Many Chinese think democracy reforming is a poisonous to us which might bring out instablization and turbulence. I will tell you it is wrong. In the reforming process, might be some foreigh guys with ulterior motive will take this gap as opportunity to overthrow the goverment for causing turmoil and instable in china. AS a clever man, we should tell who is doing something for what, not to be utilized. 1989 we still remember!

Believe Grandpa Wen ;) said China should be more open and follow a the democratic path I agree with however Economic Stability and Stability will lead to political change. I'm all for Democracy but not the weak Democracy like in Africa or India. I'm pretty Satisfied with China and how it has come including the CPC.
 
.
Chinese Rising

wZMpK.jpg

For 2011, Singapore ($50,714) easily surpasses the United States ($48,147) in nominal per-capita GDP.

fU2T2.jpg

[Source: "International Monetary Fund (IMF), World Economic Outlook (WEO) Database, 20 September 2011 Edition, Gross Domestic Product per capita, current prices, U.S. dollars." via http://en.wikipedia.org/wiki/List_of_count...n_2010_and_2016]

List of nominal 2011 per-capita GDP for select countries from IMF:

Macau $59,694 (my calculation)
Singapore $50,714
United States $48,147
Japan $45,774
Germany $44,516

Italy $37,046
Hong Kong $34,393

Republic of China (Taiwan) $21,592
Czech Republic $20,925
Russia $13,236

Montenegro $6,668
China $5,184
Ukraine $3,575

According to the IMF and eight months of economic data for this year, Singaporeans have a noticeably higher standard of living than Americans. There are only four more months left in the year and the final GDP per-capita results will be very close to the IMF estimates.

Singapore becomes the second Chinese enclave to exceed American per-capita GDP. Last year, Macau became the first Chinese entity to have a richer living-standard than Americans (see citation below). This year, Macau's economy grew by 20% (see MACAU DAILY TIMES - Economy to grow 20 percent: report) and the American economy grew by only 1.5%. The per-capita GDP gap between Macau and the U.S. has grown much wider.

For 2011, Macau's per-capita GDP is $49,745 x 1.2 = $59,694. Macau's per-capita GDP is calculated by using last year's base figure and multiplying by the economic growth rate. The population of Macau is stable and there is no need to make an adjustment for population growth.

rEQ8p.jpg

There is more evidence of Chinese Rising. According to the IMF projections, Hong Kong will easily surpass Italian per-capita GDP in two years (2013).

AhrPA.jpg

According to the IMF, Taiwan will have a higher standard of living than Portugal by next year (2012).

3hg1G.jpg

China's per-capita GDP increased by almost 20% from last year. According to the IMF, the per-capita GDP for China will exceed Montenegro in five short years (2016).

----------

From my post on April 14, 2011:

Macau ($49,745) is first Chinese enclave to surpass U.S. ($47,132) in per capita GDP

List of nominal 2010 per capita GDP for select countries from IMF:

Macau $49,745
United States $47,132
Singapore $42,653
Japan $42,325
Germany $40,512

United Kingdom $36,298
Hong Kong $31,799
New Zealand $31,588

Czech Republic $18,721
Republic of China (Taiwan) $18,303
Slovakia $15,906
Hungary $13,210
Poland $11,521
Russia $10,521

Reference: List of countries by future GDP (nominal) per capita estimates - Wikipedia, the free encyclopedia

0I5kt.jpg

Macau Venetian

Macao's per-capita GDP reaches $49,745

"Macao's per-capita GDP reaches $49,745
(Xinhua)
Updated: 2011-03-26 08:08

MACAO - Macao's GDP for the whole year of 2010 reached 217.32 billion patacas ($27.16 billion), with per-capita GDP amounting to 398,071 patacas, the city's Statistics and Census Service (DSEC) said on Friday.

According to the figures, Macao's GDP rose by 26.2 percent in real terms last year and economic growth for the fourth quarter of last year stood at 27.9 percent in real terms.

Macao's per-capita GDP of 2010 rose by 94,079 patacas over 2009, an increase of 25.8 percent year-on-year.

The DSEC said that revival of the world economy and the robust economic growth in the Chinese mainland created favorable conditions for a rapid rebound of Macao economy.

As a result, gross gaming revenue and total visitor spending of last year soared substantially upon outstanding performance of the tourism and gaming sector.

In respect of the GDP structure, the notable increase in exports of tourism and gaming services pushed up net exports of goods and services to surge by 66.8 percent, far higher than the level of economic growth, bringing its relative importance to GDP to rise apparently from 41.9 percent in 2009 to 55.4 percent in 2010, the DSEC said."

-----

Note: 8 Macau Patacas = 1 U.S. Dollar

From article: Macau's 2010 "per-capita GDP amount to 398,071 patacas."

Calculation: 398,071 patacas / 8 patacas per U.S. dollar = $49,759 U.S. dollars (which is virtually the same as the headline $49,745)
 
.
China finds huge diamond mine with 1 million carat capacity

"China finds huge diamond mine with 1 million carat capacity
Thursday, January 12th 03:27 PM IST
# Diamond mining # China diamonds # Kimberley rock

China on Thursday announced the discovery of a huge diamond mine in Liaoning province with a capacity of around 1 million carats.

TYNIg.jpg


BEIJING (BullionStreet) : China on Thursday announced the discovery of a huge diamond mine in Liaoning province with a capacity of around 1 million carats.

According to Liaoning Geology and Mineral Resources Exploration Bureau, the newly found diamond mine is the biggest one found in the past three decades in China.

It is estimated to be worth over billions of yuans and the largest diamond mine discovered in thirty years in the province.

The Bureau claims that the diamonds in the mine are purer than that of South Africa's. Experts said no large diamond mine has been discovered globally for a decade.

Calculated by the present mining rate, diamonds in the world will be exhausted in 20 years. But the diamond mine discovered in Wafangdian will relieve the world shortage of diamond resources.

The prospecting team found a deposit of 130-meter thick Kimberley rock earlier in 2011, estimated to have formed 400 million years ago.

Later they assessed the rock and were surprised by the content: about 2.89 carats worth of diamonds were contained in nearly every cubic meter of Kimberley rock. It will take 30 years to mine all of the diamond deposit.

The newly found diamond mine is the biggest one found in the past three decades in China. It is estimated to be worth over billions of yuans.

A smaller diamond reserve was found in 2010, just 50 km from this new one."
 
.
New York Times: Chinese artemisinin scientists being talked for Nobel Prize

"For Intrigue, Malaria Drug Gets the Prize
By DONALD G. McNEIL Jr.
Published: January 16, 2012

ejJhS.jpg

MADE TO ORDER Mao Zedong, center, demanded that Chinese scientists act when a malaria strain felled North Vietnamese troops. (Credit: Agence France-Presse — Getty Images)

The Chinese drug artemisinin has been hailed as one of the greatest advances in fighting malaria, the scourge of the tropics, since the discovery of quinine centuries ago.

Artemisinin’s discovery is being talked about as a candidate for a Nobel Prize in Medicine. Millions of American taxpayer dollars are spent on it for Africa every year.

G51yz.jpg

LATE BLOOMER Sweet wormwood provides artemisinin, discovered decades ago in China. (Credit: Luigi Rignanese)

But few people realize that in one of the paradoxes of history, the drug was discovered thanks to Mao Zedong, who was acting to help the North Vietnamese in their jungle war against the Americans. Or that it languished for 30 years thanks to China’s isolation and the indifference of Western donors, health agencies and drug companies.

Now that story is coming out. But as happens so often in science, versions vary, and multiple contributors are fighting over the laurels. That became particularly clear in September, when one of the Lasker Awards — sometimes called the “American Nobels” — went to a single one of the hundreds of Chinese scientists once engaged in the development of the drug.

Mao’s role was simple.

In the 1960s, he got an appeal from North Vietnam: Its fighters were dying because local malaria had become resistant to all known drugs. He ordered his top scientists to help.

But it wasn’t easy. The Cultural Revolution was reeling out of control, and intellectuals, including scientists, were being publicly humiliated, forced to labor on collective farms or even driven to suicide. However, because the order came from Mao himself and he put the army in charge, the project was sheltered. Over the next 14 years, 500 scientists from 60 military and civilian institutes flocked to it.

Meanwhile, thousands of American soldiers in Vietnam were also getting malaria, and the Walter Reed Army Institute of Research began its own drug hunt. That effort ultimately produced mefloquine, later sold under the brand name Lariam.

While powerful, mefloquine has serious drawbacks, including nightmares and paranoia. In 2003, dozens of American Marines in Liberia got malaria after refusing to take pills because of military scuttlebutt that several Special Forces soldiers who killed their wives after returning home from Afghanistan in 2002 had been driven insane by the drug.

China’s effort formally began at a meeting on May 23, 1967, and was code-named Project 523, for the date.

Researchers pursued two paths. One group screened 40,000 known chemicals. The second searched the traditional medicine literature and sent envoys into rural villages to ask herbal healers for their secret fever cures.

One herb, qinghao, was mentioned on tomb carvings as far back as 168 B.C. and praised on medical scrolls through the centuries, up to the 1798 Book of Seasonal Fevers. Rural healers identified qinghao as what the West calls Artemisia annua, or sweet wormwood, a spiky-leafed weed with yellow flowers.

In the 1950s, officials in parts of rural China had fought malaria outbreaks with qinghao tea, but investigating it scientifically was new. It also had at least nine rivals from traditional medicine with some anti-malarial effects, including a pepper.

In the lab, qinghao extracts killed malaria parasites in mice. Researchers tried to find exactly which chemical worked, which plants had the most, whether it could cross the blood-brain barrier to fight cerebral malaria, and whether it worked in oral, intravenous and suppository forms.

Outmoded equipment slowed research. But by the 1970s it was known that the lethal chemical, first called qinghaosu and now artemisinin, had a structure never seen before in nature: In chemical terms, it is a sesquiterpene lactone with a peroxide bridge. Trials in 2,000 patients showed that it killed parasites remarkably rapidly.

However, the body eliminated it so fast that any parasites it missed made a comeback. So scientists began mixing it with slower but more persistent drugs, creating what is now called artemisinin combination therapy. (One new combination includes mefloquine.)

A 2006 history of the project by Zhang Jianfang, its former deputy director, contains some gripping details: petty disputes between rivals, Cultural Revolution street fighting that forced one laboratory into a basement, project doctors’ living on brown rice and vegetables as they did clinical trials in remote villages in China’s tropical southern mountains, and other doctors’ hiking the Ho Chi Minh Trail with the Vietcong.

Mao died in 1976; Project 523 was officially disbanded in 1981, though clinical work continued.

In 1979, Dr. Keith Arnold, a malaria researcher in Hong Kong who had helped the Army develop mefloquine, wangled his way into China, hoping to test his drug there. He met Dr. Li Guoqiao, who was testing artemisinin variants. They decided to try head-to-head trials, and the Chinese mystery drug beat his, Dr. Arnold said.

Soon, World Health Organization scientists asked for articles from China’s medical journals, the first of which had been published in 1977, in response to reports that a Yugoslav chemist was experimenting with wormwood.

In 1982, The Lancet had an article by Chinese researchers. It won a prize, but the check, in British pounds, could not be cashed in China.

Shortly thereafter, Dr. Arnold said, Walter Reed scientists found wormwood growing on the banks of the Potomac and extracted artemisinin. Nonetheless, the drug languished. The W.H.O. did not endorse it until 2000, and it was not widely available until 2006. (article continues)"
 
. . . .
China isn't worried about Indian economic competition. The national average Indian IQ level is 82. But why? Obviously, when 42% of your children are malnourished and 60% stunted, you're not equipped to compete with well-fed and well-educated Chinese.

Your government is not feeding your young people. Until it does, your brains are stunted. On average, Chinese will remain smarter than you by an awesome 23 IQ points at 105. The contest is already over before it even started.

Chinese keep growing taller (see second post below) and 60% of Indians are stunted. Gee, I wonder who will dominate in the future?

Reference: IQ and Global Inequality

----------

42 percent of Indian children under 5 malnourished - CBS News

"42 percent of Indian children under 5 malnourished
January 10, 2012 7:01 AM

(AP) NEW DELHI — Forty-two percent of children in India younger than 5 are underweight and nearly 60 percent are stunted, a new survey found.

The Hunger and Malnutrition Survey monitored over 100,000 children in 112 districts across nine states in the country from October 2010 to February of last year.

Prime Minister Manmohan Singh released the report Tuesday and called child malnutrition the country's shame.

India's economy has boomed, with growth over the last few years averaging about 8 percent, but the country's development indicators continue to be abysmal.

Singh released a summary of the report's findings and more details on its findings were not yet available.

The survey conducted by a group of non-profits was the largest such study since 2004, when the Indian government had surveyed child malnutrition. It was the first study by the group so comparative numbers are not available.

UNICEF's latest data say one-third of the world's malnourished children younger than 3 lives in India, a rate worse than sub-Saharan Africa."

----------

China Rising literally

IKNnu.jpg

Average Chinese man is 5' 8". Average American man is 5' 9".
Average Chinese and American women are both 5' 4".

http://findarticles.com/p/articles/mi_m0EI...2/ai_n27988145/

"Alvanon Releases Most Extensive Chinese Body Measurement Study
Business Wire / August 12, 2008

Analysis Reveals Significant Insight on Chinese Size and Shape for the Fashion Industries

NEW YORK & LONDON & HONG KONG -- Alvanon, the global size and fit expert, today announced it has compiled the most extensive collection of body scan research in China. Over 28,000 people were scanned in four key regions of the country at various urban retail shopping centers. The scanners captured 45 measurements per person, resulting in the largest body measurement study ever performed in China.

"There is an unprecedented retail opportunity in China. The right product mix must be combined with the right size and fit to achieve a successful brand following in China," said Janice Wang, CEO, Alvanon. "Our China body measurement study, combined with the data we've compiled in the rest of the world, uniquely enables us to provide leading apparel brands with powerful insights about their target consumers.

"As the global size and fit expert, Alvanon's industry-leading solutions allow these brands to deliver better fitting garments, increasing sales and building consumer loyalty to the brands," Wang said.

Alvanon collected this highly relevant data from the world's fastest growing retail market utilizing safe millimeter wave scanners that accurately measure fully-clothed participating shoppers in seconds. This new study adds to Alvanon's database of body measurements, which now exceeds 250,000 men, women and children of various age groups from over 14 countries in Europe, Asia and North America.

Research Highlights

Even where the average height in China is similar to the Western body stature, the core body shape in China is significantly smaller and more homogenous than in the markets of the U.S. and Europe. As an example, there is a difference in stature in both genders between Chinese of northern origin and southern origin. Men have similar average heights in China and the U.S. but have dramatically different average chest and waist measurements, as well as differences in average weight and body mass. Women in China have much narrower variances in bust, waist and hip measurements than those in the U.S. As a result, the U.S. market requires more than double the number of clothes sizes to reach the same percentage of the population as compared to China. One trend consistent with other Western countries is that the younger generation in eastern China is growing taller and heavier.

Through evaluation of its own data and other size studies, Alvanon has also tracked stature changes from generation to generation and important information on the difference of body shape and size throughout the world. One of the most dramatic statistics from China shows that over the span of a decade (1992-2002) the average height of children (2-18 years old) increased by almost 1.5", nearly twice as high as the increase among U.S. children. While adults in China, at any given height, look quite different from adults in the West, children's body shapes and sizes are converging at a very rapid rate.

Despite having a relatively small average stature when compared to Westerners, over 30 percent of urban Chinese are considered overweight. Age and gender analysis shows the highest increase in body mass index has occurred in Chinese women aged 35-45.

Below are some interesting facts uncovered by the Alvanon study.

Fast Facts

* Average Chinese Female Height 5'4"; Weight 125 Pounds; Chest 31"; Waist 28"; Low Hip 35"

* Average U.S. Female Height 5'4"; Weight 155 Pounds; Chest 37"; Waist 34"; Low Hip 42"

* Average Chinese Male Height 5'8"; Weight 145 Pounds; Chest 35"; Waist 31"; Low Hip 36"

* Average U.S. Male Height 5'9"; Weight 191 Pounds; Chest 41; Waist 37; Low Hip 41"

About Alvanon

Alvanon is the global size and fit expert, providing full-service, integrated fit solutions for the apparel industry. With the largest database of body scan research in the world, Alvanon combines real-world industry expertise and innovative technology to offer a holistic approach to fit and sizing, encompassing both strategic insight as well as practical product development tools.

Dr. Kenneth Wang founded Alvanon in 2001 to address the industry's prevalent size and fit misconceptions and to develop solutions that would revolutionize the way the industry understood and leveraged the concept of fit. Since that time, Alvanon has grown to become the global leader in providing custom fit mannequins and solutions to the world's leading brands. Alvanon's suite of products and services integrate seamlessly with every stage of the product development and production process, helping to increase internal and external process efficiency and decrease overall time to market."

[Note: I just learned that comparing Chinese and Indian economies is a banned topic. Guess things have changed since I left a while ago.

Anyway, this is my last post on Chinese and Indian economies. I don't care that much about the topic. I thought it might be interesting for people to see the connection between malnourishment and its effect on a country's average intelligence and economy.]
 
.
so this means: average chinese men and women are equal height to average american men and women.

however, average american men and women are much greater in width than chinese men and women.

i think no country in the world can beat USA in average width of citizens. USA #1!
 
. .
China's 2011 GDP: $7.47 trillion

Shanghai Daily | ???? -- English Window to China News

"Shanghai Daily (subscription) - 3 minutes ago
China's GDP totaled 47.16 trillion yuan (US$7.47 trillion) last year, up from the 39.7 trillion yuan recorded in the previous year. The expansion of China's ..."
Oh wow, wiki has China's 2010 GDP as $5.93 trillion and estimated 2011 GDP at $6.99 trillion. Now we find it is actually $7.47 trillion, which is 20% more than the 2010 GDP number (20% GDP growth? :tup:) and 6% more than the estimated 2011 GDP number.
 
.
Oh wow, wiki has China's 2010 GDP as $5.93 trillion and estimated 2011 GDP at $6.99 trillion. Now we find it is actually $7.47 trillion, which is 20% more than the 2010 GDP number (20% GDP growth? :tup:) and 6% more than the estimated 2011 GDP number.

exchange rate was different in 2010.
 
. .
Beijing's GDP in 2011 was 1600.04 Billion Yuan or 240 billion USD. (more than two Vietnam's GDP.)
Beijing's population is 20.18 million.
GDP per capita is about $12500.

20090714_53473_1.jpg
 
.
UPDATE 1-China 2011 fiscal revenue surges to record $1.6 trln | Reuters

Thu Jan 19, 2012 10:31pm EST

* China fiscal revenues rise 24.8 pct in 2011, deficit at 519 bln yuan
* Government bodies spent 1.99 trillion yuan in Dec alone
* China 2011 nationwide fiscal deficit at enviable 1.1 pct of GDP (Updates to add details, background)

By Zhou Xin and Lucy Hornby

BEIJING, Jan 20 (Reuters) - China's fiscal revenues jumped by a quarter in 2011 to a record 10.37 trillion yuan ($1.64 trillion), China's Ministry of Finance said on Friday, leaving Beijing with plenty of financial firepower to help manage an economic soft-landing. Although Chinese governments, including Beijing and local governments, rushed to spend almost 2 trillion yuan in December alone, China's full-year fiscal deficit of 519 billion still fell short of the 900 billion yuan that had been penciled into the budget in March.

The figures are subject to revision, but if the numbers hold, the official fiscal deficit will fall to 1.1 percent of China's gross domestic product of $7.47 trillion, an enviable level when compared with the world's other major economies that are saddled with heavy government debt. The finance ministry said the strong 24.8 percent growth of fiscal revenues in 2011 -- much higher than the budgeted 8 percent -- reflected China's rapid economic growth and handsome corporate profits.

"Some local government revenues that had originally been excluded from the budget were included in 2011, which amounted to an increase of about 250 billion yuan...and pushed up nationwide fiscal revenue growth by three percentage points," the ministry said in a statement on its website (www.mof.gov.cn).

For many years, China's fiscal revenues have been rising faster than the overall economic growth, which was 9.2 percent last year, and the growth rate of household income, offering the government a growing share of the national wealth.

Corporate income taxes rose 30.5 percent in 2011, while value-added taxes and import duties also rose quickly. Personal income tax revenues jumped 25 percent for the full year of 2011, but the ministry noted that personal income tax revenues in the last quarter fell 5.5 percent as China lifted the personal income tax threshold starting from Sept 1.

Beijing is trumpeting the so-called "structural tax cut" policies for 2012, or tax cuts for selective sectors such as small household businesses and vegetable vendors. But these tax cuts were far from being sufficient, independent economists said. Andy Xie, an economist, argued that China should cut taxes by 1 trillion yuan.

China's fiscal expenditures in 2011 were 10.89 trillion yuan, an increase of 21.2 percent. According to the rough breakdown from the ministry, government spending on education jumped 28.4 percent, healthcare was up 32.5 percent and transport up 36.1 percent. Government spending on affordable housing surged 60.8 percent in 2011 as Beijing started a nationwide campaign to build up millions of new government-subsidised apartments. Spending on "energy efficiency and environment protection" by the world's largest emitter of greenhouse gas rose only 7.2 percent.

China's finance ministry said the numbers were all subject to revision. China will finalises its 2011 fiscal figures in March when the finance minister delivers a report to the country's largely ceremonial parliamentary gatherings.

($1 = 6.3167 Chinese yuan) (Editing by Nick Edwards and Ken Wills)
 
.
Back
Top Bottom