China is now growing slower than the US

[The Accountant]

Dude, and you are simplifying the entire grow measure process. Because manufacturing volume alone may not translate to value added on. Because export product may not cost the same between certain countries, and losses do exist in any circumstance

Using your China overtake Japan in car export, does that mean China export more car than Japan mean they are comparable to production in value? This show you, no.

Car Exports by Country 2023

Searchable database of exported cars by country in 2023 plus average prices from selected countries

www.worldstopexports.com

Just because China exported 1.03 million car and Japan 927k, that does not mean the production values had gone up, prices are affected by multitude of factors. And it's naive to assume just because you have more output and that in turn translates to you have more GDP added value.

Also, I wouldn't say China is a "non-consumption society" (sic) when their industrial sector alone is 1/3 of the entire 18 trillion GDP of China when the entire export value is what? 3 or 4 trillion dollars?

MY friend here we are discussing growth only. China surpassing japan in auto sector means its auto sector is growing and so is other export oriented industrial goods.

If the value is lower than than japan then it was lower previous as well.

Crux is china's auto sector production has grew significantly as compared to past year ...

Anyways u missed the whole point ... my point was that retail sector consumption is not representative of china's economic direction and so is the auto sector export data.

So it is baseless conclusion that USA growth will surpass China based on retail consumption data alone

 

[jhungary]

MY friend here we are discussing growth only. China surpassing japan in auto sector means its auto sector is growing and so is other export oriented industrial goods.

If the value is lower than than japan then it was lower previous as well.

Crux is china's auto sector production has grew significantly as compared to past year ...

Anyways u missed the whole point ... my point was that retail sector consumption is not representative of china's economic direction and so is the auto sector export data.

So it is baseless conclusion that USA growth will surpass China based on retail consumption data alone

And I am talking about this is reflective to the trend........no?

That's reflective for the trend tho, no?

The problem for China at least in this coming year is going to try to compete with other developing nations (hence export given nation) for quota and orders, and we know that at least 48% of China GDP is based on this sector alone, so consumption effect, both domestic and foreign are going to reflect on the GDP growth. I mean, there aren't much to offset that amount of GDP loss when almost half of your GDP is based on manufacturing sectors.

On the other hand, I would disagree the statement.

retail sector consumption is not representative of china's economic direction

when Chinese Industrial Sector alone is 33.2% of the entire China GDP, consumption is heavily related to manufacturing sector or secondary sector, I can't see how you would say it does not represent Chinese economic direction when that sector alone contributes nearly half the Chinese GDP with heavy industry alone taking 1/3 with nothing even came close in second...... Not all 6 trillion coming from industrial sector were destined to export, which mean domestic consumption is every bit matter in the GDP growth.

This is what I have problem with.

 

[Stranagor]

Look at the bright side of US growth:

Can China compete with that?

 

[Han Patriot]

View attachment 946842

It doesn't show how much is tied to exports mate. How do you get 48% of the economy is tied to this sector?

You can normally dissect an idiot just by asking a few questions.

 

[jhungary]

It doesn't show how much is tied to exports mate.

can you just do some work for once? I mean, you have a brain and 2 hands and a computer, right? Can you just work it out??

China Export (1Y Trend)

China Exports

Exports in China decreased to 300.56 USD Billion in July from 307.85 USD Billion in June of 2024. This page provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

China GDP

China GDP

The Gross Domestic Product (GDP) in China was worth 17794.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of China represents 16.88 percent of the world economy. This page provides - China GDP - actual values, historical data, forecast, chart...

tradingeconomics.com

China GDP per industries

China: GDP composition by industry 2023 | Statista

A breakdown of China's GDP suggests that the contribution of industry and retail was more sizable than that of other sectors.

www.statista.com

 

[Han Patriot]

can you just do some work for once? I mean, you have a brain and 2 hands and a computer, right? Can you just work it out??

China Export (1Y Trend)

China Exports

Exports in China decreased to 300.56 USD Billion in July from 307.85 USD Billion in June of 2024. This page provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

View attachment 946877

China GDP

China GDP

The Gross Domestic Product (GDP) in China was worth 17794.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of China represents 16.88 percent of the world economy. This page provides - China GDP - actual values, historical data, forecast, chart...

tradingeconomics.com

View attachment 946878

China GDP per industries

China: GDP composition by industry 2023 | Statista

A breakdown of China's GDP suggests that the contribution of industry and retail was more sizable than that of other sectors.

www.statista.com

View attachment 946880

It is just a simple question, how much is China's GDP and how much is the export value. Very simple percentage mathematics right. You don't have to crap so much. You are not answering my question, you are just copy pasting and ranting. How many times do I have to teach you, get straight to the point.

 

[NotSure]

Meanwhile more and more americans can't afford even basic things:

rapidsave.com_if_our_backs_are_their_table_what_happens_when_we-t9f5r02ivwhb1

Watch "rapidsave.com_if_our_backs_are_their_table_what_happens_when_we-t9f5r02ivwhb1" on Streamable.

streamable.com

USA! USA! USA!

 

[jhungary]

It is just a simple question, how much is China's GDP and how much is the export value. Very simple percentage mathematics right. You don't have to crap so much.

Yes it's simple mathematics, then why you can't just do it yourself?? I did it with less than 2 minutes, you would most likely had your answer had you not posted this post.......

 

[Han Patriot]

Yes it's simple mathematics, then why you can't just do it yourself?? I did it with less than 2 minutes, you would most likely had your answer had you not posted this post.......

So what is the export value? And hoe did you get 48%. THAT WAS MY QUESTION. Show me your 2 minutes math mulatto boy. Lolol

 

[TigerOfMysore]

Central banks all over have learned to play the game. I don't trust unequivocally CB numbers or rating agencies. Everyone has a vested interest. All parties.

To establish wealth and power in today's world I believe so far the best indices to measure this is the UN Human Development Index, combined with Debt to GDP (Nominal), combined with some sort of a national scientific output index. Additional categories should be national infrastructure development measures. Combining all of these (and perhaps a few more) in a weighted fashion is a better index of National power, strength and prestige. Just looking at GDP or GDP growth is an exercise in futility with likely fudging by CBs. Rating agencies also in my estimation need to be looked at with a bit of skepticism. They have historically been shown to be laggards in their assessments.

 

[jhungary]

So what is the export value? And hoe did you get 48%. THAT WAS MY QUESTION. Show me your 2 minutes math mulatto boy. Lolol

.........are you for real??

First, I never said export value is 48%, I said manufacturer sector is roughly 48%, how stupid you have to be to think everything you produced is going to be exported??

Second, if you are that lazy to do the math yourself with EVERYTHING PROVIDED TO YOU, you sort of lost that right to bitch about someone, so, stop acting like a caracho and pick up your lazya$$ hand and do some calculation yourself, otherwise please do not fking ask.

 

[Han Patriot]

.........are you for real??

First, I never said export value is 48%, I said manufacturer sector is roughly 48%, how stupid you have to be to think everything you produced is going to be exported??

Second, if you are that lazy to do the math yourself with EVERYTHING PROVIDED TO YOU, you sort of lost that right to bitch about someone, so, stop acting like a caracho and pick up your lazya$$ hand and do some calculation yourself, otherwise please do not fking ask.

This is what you said mate, btw industry is not the biggest sector in China. Industry is roughly only 30% of Chinese GDP. You need to learn to communicate coherently mate, any person reading this will think you are saying 48% of Chinese GDP is for exports, that's why I was asking your 2 minute math. Lolol

How is China a export dependent nation when the data shows otherwise? China is major exporter no doubt but exports are not the main component of the economy.

Bte, what is 48% of tje the economy?

The problem for China at least in this coming year is going to try to compete with other developing nations (hence export given nation) for quota and orders, and we know that at least 48% of China GDP is based on this sector alone, so consumption effect, both domestic and foreign are going to reflect on the GDP growth. I mean, there aren't much to offset that amount of GDP loss when almost half of your GDP is based on manufacturing sectors.

 

[jhungary]

This is what you said mate, btw industry is not the biggest sector in China. Industry is roughly only 30% of Chinese GDP. You need to learn to communicate coherently mate, any person reading this will think you are saying 48% of Chinese GDP is for exports, that's why I was asking your 2 minute math. Lolol

How is China a export dependent nation when the data shows otherwise? China is major exporter no doubt but exports are not the main component of the economy.

Bte, what is 48% of tje the economy?

The problem for China at least in this coming year is going to try to compete with other developing nations (hence export given nation) for quota and orders, and we know that at least 48% of China GDP is based on this sector alone, so consumption effect, both domestic and foreign are going to reflect on the GDP growth. I mean, there aren't much to offset that amount of GDP loss when almost half of your GDP is based on manufacturing sectors.

The guy I response to seems to understand what I said. Because we are talking about consumerism and manufacturer sector. If you have a problem understand this, that's you

On the other hand, secondary/manufacture sector does not just include heavy industry.

Gridded value-added of primary, secondary and tertiary industries in China under Shard Socioeconomic Pathways - Scientific Data

Measurement(s) Population • Value-added of industries • Gridded data Technology Type(s) multidimensional projection model • Cobb-Douglas production model • computational modeling technique Sample Characteristic - Location China

www.nature.com

Now go back to the original graph, it's not just that 33.2% industry. It would have included construction (listed with 6.9 %GDP) , mining/processing (unlisted) and also energy sector. (Also unlisted)

Mining are about 400b per year as per Canadian trade commission estimate

Mining market in China

www.tradecommissioner.gc.ca

That's about 3% GDP, so if we put industry + construction + mining we already had ~44%, I read that 48% somewhere else, which leave energy sector around the same as mining sector, which is not something illogical or out of this world.

On the other hand, Export itself is 20% of China GDP, and if you look at the same graph, that is the second biggest chunk behind industry, so yes, even if I am talking about export only, it will still have a very strong influence to China GDP, considering China export is around 20% (3.7 trillion) and trump almost all but one type of industry.

China Exports 1960-2024

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial...

www.macrotrends.net

I would say with 20.68% GDP, Export IS a main component of the Chinese economy. Otherwise what is? the 9% wholesale and retail trade? The 6.9% Construction? Or the 6.1% Real Estate?

 

[epebble]

Investors Fear China's 'Lehman Moment' Is Looming​

Investors Fear a Financial Contagion in China

Troubles at a big trust company are making investors worry about fallout from the country’s slumping property sector.

www.wsj.com

 

[FuturePAF]

China's youth unemployment is always high since a long time ago.

The news is not something new.

But eventually they will get jobs.

Whatever lower than their expectation (then do monkey-branching), start a business, or stay with parent.

China problems today is high youth unemployment and worker shortage at the same time.

Isn’t it true that for many, the education doesn’t match the jobs. Young people with college degrees in areas with little demand and not enough in areas with higher demand.

Also, the healthcare system has space it needs to improve. Innovations there can also be exported and cover the cost of increase domestic healthcare costs.