China's GDP expands 7% in Q2

[TaiShang]

China's GDP expands 7% in Q2
July 15, 2015

China's economic growth shows sign of stabilization, with the GDP posting a 7 percent growth rate in the second quarter, the National Bureau of Statistics said on Wednesday.

Economists said the stable growth momentum is underpinned by the slight rebound in industrial production. They expect the government to continue escalate policy supports in the coming months.

The service sector, or the tertiary industry, registered fast expansion in the first half, at a rate of 8.4 percent, compared with 7.9 percent in the first quarter, supported by buoyant stock market trading and recovering property sales.

It is higher than the growth rate of the industrial sector, or the secondary industry, that expanded by 6.1 percent.

Industrial output growth accelerated to 6.8 percent in June, up from 6.1 percent in May. The fixed-asset investment growth in the first six months slightly declined to 11.4 percent year-on-year from 13.5 percent in the first quarter, due to the contraction of real estate investment despite the government's supportive policy.

The growth of retail sales of consumer goods remained stable, at a rate of 10.4 percent from January to June, compared with 10.6 percent in the first quarter. More pragmatic policy measures may pave the way for the economic uptick in the third quarter, said Wang Tao, chief economist in China at the UBS AG.

To buttress domestic demand, the government has continued escalating policy supports during the past month, taking more pragmatic measures to speed up infrastructure construction investment projects, she said.

"The marginally loosened reins over local government activities and more policy efforts to improve monetary transmission may set the stage for the uptick since July in sequential growth," helping the year's GDP growth to meet the annual target, said Wang.

 

[TaiShang]

China H1 Industrial Output up 6.3 Pct
2015-07-15

Industrial output in China grew 6.3 percent year on year in the first half (H1) of 2015, slightly down from the 6.4-percent increase in the first quarter, the National Bureau of Statistics announced on Wednesday.

**

China's fixed-asset investment up 11.4 pct in H1
2015-07-15

BEIJING, July 15 (Xinhua) -- China's fixed-asset investment grew 11.4 percent year on year in the first half of 2015, the National Bureau of Statistics said on Wednesday.

**

China retail sales up 10.4 pct
2015-07-15

BEIJING, July 15 (Xinhua) -- China's retail sales grew 10.4 percent year on year to 14.16 trillion yuan (2.32 trillion U.S. dollars) in the first half of 2015, the National Bureau of Statistics said on Wednesday.

**

China's property investment up 4.6 pct in H1

2015-07-15

BEIJING, July 15 (Xinhua) -- Investment in China's property sector rose 4.6 percent year on year to 4.4 trillion yuan (708.8 billion U.S. dollars) in the first half of 2015, the National Bureau of Statistics announced Wednesday.

 

[cirr]

Here is looking forward to 7-7.5% annual compound growth rate through 2025。

 

[Chinese-Dragon]

Good, now we just need to maintain this pace for at least 10 more years. At the very least.

Keep adding the trillions every year. Our end goal is to become a developed country. The first developed country in the world with 1+ billion people.

 

[TaiShang]

8 industries the shared economy will transform in China

8. Health care

The development of the shared economy will free Chinese physicians from public hospitals and enable them to practice medicine at multiple sites including online consultations and visiting services.

Chunyu Doctor, one of China's leading online platforms connecting doctors and patients, was ranked among the top 10 creative brands of 2014 by Beijing Zhongguancun Science Park.

​

Alibaba's innovation base for cloud computing is also located in Yunxi County, Hangzhou city, Zhejiang province. [File photo]

7. Creative industry

The shared economy provides more opportunities for the creative industry, as companies may find it easier to locate freelancers who can brainstorm advertising ideas or do part-time design work.

More than 100 startups specializing in part-time talent search have emerged in China since the beginning of this year, reported TMT media citing an industry report.

​

The headquarter of the online lodging platform Airbnb in San Francisco, California. [File photo]

6. Home and office leasing

New shared leasing platforms have been emerging worldwide, in the wake of industry behemoths such as Airbnb and Wework.

Start-up companies can benefit not only from a flexible lease contract, but also from a like-minded community, where they can share workplace facilities with their peers and some happy hours at break.

​

Journalists read the government work report at the Great Hall of the People, venue of the third session of China\'s 12th National People\'s Congress (NPC), in Beijing, capital of China, March 5, 2015. [Xinhua]

5. Journalism

It has been a long time since the first batch of self-employed reporters published their stories online. As new media is on the rise, freelancers may find it easier to become licensed writers and meet the needs of media outlets in exchange for pay and fame.

​

A female client gets a manicure. [File photo]

4. Beauty services

Beauty services nowadays can be brought to your doorstep with just a few touches on your mobile screen.

These include booking manicures and makeup services on the Helijia app, while Gongfuxiong app can send masseurs to your home whenever you are in need of a massage.

​

Staff of Xinhua Bookstore do inventory of teaching materials. [Xinhua]

3. Education

As Confucius once said, there's always someone to learn from, and a shared economy is applying this maxim by setting up platforms where people can find self-employed independent teachers and learn from one another.

​

Women look for babysitting and housekeeping jobs. [File photo]
2. House-keeping

House-keeping booking apps come in handy when linking families with domestic needs with potential part-time helpers. Service quality can be controlled with a mutual rating system and users' reviews.

Workers work at a sorting center of an express company in Hefei, capital of East China's Anhui province, on Nov 11, a holiday of "Singles Day" that has become China's busiest online shopping day. [Photo/Xinhua]

1.Delivery

As labor costs are on the rise, express companies would often think twice before hiring full-time couriers.

Huxiu media pointed out that under the shared economy, companies can rely on the social resources that have been fully used through a networking platform matching delivery demands with part-time messengers that are located nearby.

With a new service named Uber Rush, the ride-sharing giant now allows people to book delivery services. All you need is to tell the app where the item is and where it needs to go, and consider it done.

 

[Saif al-Arab]

A very impressive growth rate. China has proven to be a very robust economy. I don't see signs of the Chinese economy stagnating anytime soon.

All the best to China and the Chinese people.

Transforming a 1.3 billion big nation into a fully developed society does obviously not happen overnight but China is at least on the right track to do just that. China is undoubtedly lightyears ahead of 1.3 billion big India for instance in comparison.

I am personally looking forward to increased Sino-Arab ties. A lot of potential for even bigger trade ties. Last year the trade volume between the Arab world and China reached over 200 billion dollars if my memory serves me right.

In general I think that I can say that most of the 450 million Arabs are looking towards China with great inspiration and we wish you continued success.

 

[Providence]

The industrial growth is far higher in china than in India still !

 

[cirr]

Workers work at a sorting center of an express company in Hefei, capital of East China's Anhui province, on Nov 11, a holiday of "Singles Day" that has become China's busiest online shopping day. [Photo/Xinhua]

1.Delivery

As labor costs are on the rise, express companies would often think twice before hiring full-time couriers.

Huxiu media pointed out that under the shared economy, companies can rely on the social resources that have been fully used through a networking platform matching delivery demands with part-time messengers that are located nearby.

With a new service named Uber Rush, the ride-sharing giant now allows people to book delivery services. All you need is to tell the app where the item is and where it needs to go, and consider it done.

Fond of crayfish？

One can now order these delicious little creatures online，choose cooked spicy or other styles，and have them delivered iced within 48 hours from over 1000 km away。

Yummy。

 

[Providence]

Fond of crayfish？

One can now order these delicious little creatures online，choose cooked spicy or other styles，and have them delivered iced within 48 hours from over 1000 km away。

Yummy。

Crayfish are same as prawns ?

 

[TaiShang]

A very impressive growth rate. China has proven to be a very robust economy. I don't see signs of the Chinese economy stagnating anytime soon.

All the best to China and the Chinese people.

Transforming a 1.3 billion big nation into a fully developed society does obviously not happen overnight but China is at least on the right track to do just that. China is undoubtedly lightyears ahead of 1.3 billion big India for instance in comparison.

I am personally looking forward to increased Sino-Arab ties. A lot of potential for even bigger trade ties. Last year the trade volume between the Arab world and China reached over 200 billion dollars if my memory serves me right.

In general I think that I can say that most of the 450 million Arabs are looking towards China with great inspiration and we wish you continued success.

Let's hope a speedy process of the lagging China-GCC FTA talks. I do not know how many rounds and no concrete progress yet.

Fond of crayfish？

One can now order these delicious little creatures online，choose cooked spicy or other styles，and have them delivered iced within 48 hours from over 1000 km away。

Yummy。

That's the efficiency of China's logistics. Still lots of way to go, though.

 

[21 Dec 2012]

A very impressive growth rate. China has proven to be a very robust economy. I don't see signs of the Chinese economy stagnating anytime soon.

All the best to China and the Chinese people.

Transforming a 1.3 billion big nation into a fully developed society does obviously not happen overnight but China is at least on the right track to do just that. China is undoubtedly lightyears ahead of 1.3 billion big India for instance in comparison.

I am personally looking forward to increased Sino-Arab ties. A lot of potential for even bigger trade ties. Last year the trade volume between the Arab world and China reached over 200 billion dollars if my memory serves me right.

In general I think that I can say that most of the 450 million Arabs are looking towards China with great inspiration and we wish you continued success.

Not really
India's Economy Today: Much Like China's in 2001 - WSJ
Which corresponds well with the fact that China liberalized 14 years before India. But Indians have more challenges of creating growth in a post-Lehmann world

 

[TaiShang]

Not really
India's Economy Today: Much Like China's in 2001 - WSJ
Which corresponds well with the fact that China liberalized 14 years before India. But Indians have more challenges of creating growth in a post-Lehmann world

You are doing great, Indian.

But what is 'not really?"

Your response has nothing to do with what @Saif al-Arab says had to say. Why don't you troll somewhere else?

 

[TaiShang]

Iranian nuclear deal set to increase trade with China
July 15, 2015
Teheran and six world powers reached a historic nuclear deal in Vienna, Austria, on Tuesday that will enable a revitalized sanction-free Iran to boost trade and cooperation with China, analysts said.

The long-awaited agreement with China, Britain, France, Germany, Russia and the United States aims to limit Iran's nuclear program in exchange for the gradual suspension of sanctions.

The sanctions have slashed the Middle East country's oil exports and crippled its economy.

Shada Islam, policy director of the Brussels-based think tank Friends of Europe, said China could help Iran to mitigate the impact of the sanctions by providing short-term "emergency aid".

This would help to meet shortfalls in the health sector and supply urgently needed essential items.

"In the long run, the focus will of course be on the development of Iran's infrastructure and oil and gas sector," said Islam. "Given its location and diverse regional interests, Iran will also inevitably play a crucial role in China's (new) Silk Road proposal."

An Huihou, a former Chinese ambassador to Egypt, said Iran has a strong desire to participate in China's Silk Road initiatives amid Teheran's ambitious plans to revive its economy.

Closer economic links would also boost the "going global" strategy of Chinese enterprises and further elevate China's ties with other Middle East countries, An added.

Iran, a key stop on the ancient Silk Road, has joined the China-led Asian Infrastructure Investment Bank as a founding member.

Two-way trade volume reached a record $51.8 billion last year, up 31.5 percent from 2013. The major items that China, the world's largest energy consumer, imports from Iran include crude oil and iron ore.

Iran has the world's fourth-largest oil reserves and the second-largest reserves of natural gas.

Iranian officials said Teheran is looking to return to pre-embargo oil export levels, though experts said increasing production will take time. Saudi Jadwa Investments suggested in a recent report that Iran will add just 150,000 barrels per day by the fourth quarter.

Fraser Cameron, director of the Brussels-based EU-Asia Center, said the Iranian economy has outstanding prospects because of its abundant oil and young and dynamic population. The gradual lifting of sanctions will help it to realize its potential.

"It could quickly become a major economic power in the Middle East," Cameron said. "It occupies a key geostrategic situation and could be an important hub for the new Silk Road initiatives. China-Iran relations could also develop quickly since they have complementary economies."

Li Shaoxian, an expert in Middle East studies at Ningxia University, said the reopening of the Iranian market would increase economic competition between China and Western countries. China has advantages including a rich knowledge of the local market and huge foreign exchange reserves that could be invested.

Fredrik Erixon, director of the European Center for International Political Economy in Brussels, said sanctions will probably be wound down progressively, and it will take longer than people may at first realize for business to really take off.

"But eventually, the economy of Iran can be revived," said Erixon. "China has played a crucial role in the Iran talks, and it is obvious that the world will look to Beijing for leadership in the management of the implementation process."

Measures hit banks, oil, trade

How the sanctions put pressure on Teheran:

Financial/banking: Sanctions administered by the Treasury Department in Washington sought to isolate Iran from both the US and international financial systems.

Oil exports: Before 2012, half of Iran's government revenues came from oil exports. The sanctions cut its oil exports by more than half.

Trade: The US has had an embargo in place since 1995 that prohibits most domestic companies from trading with or investing in Iran.

Asset freezes and travel bans: US allies have cooperated in freezing Iranian assets worth huge sums of money. Two years ago, Iran held an estimated $100 billion in various currencies in accounts outside the country, but Teheran could access only $20 billion.

Weapons development: The US Iran-Iraq Arms Nonproliferation Act of 1992 calls for the sanctioning of any person or entity that assists Teheran in weapons development or the acquisition of "chemical, biological, nuclear, or destabilizing numbers and types of advanced conventional weapons".

Sources: The Fiscal Times, Council on Foreign Relations

@SOHEIL , @Serpentine

It has, Chinese

Learn to read.

Good searching skill, Indian. But it has nothing to do with what the member @Saif al-Arab says.

Let me utilize my google skills: No, India’s economy is not about to catch up with China’s anytime soon - Quartz

So, you better troll elsewhere.

@Beidou2020

 

[Chinese-Dragon]

Not really
India's Economy Today: Much Like China's in 2001 - WSJ
Which corresponds well with the fact that China liberalized 14 years before India. But Indians have more challenges of creating growth in a post-Lehmann world

The difference is that China was growing at crazy rates in the past decade or so, for example we reached a real growth rate of 14.2% in 2007.

How are you going to replicate that in a "post-Lehmann world" as you said? A global credit bubble isn't going to happen like that again any time soon, and most of the manufacturing is passing on to SE Asia. It will be a long time before those kinds of conditions come about again.

So you are 14 years behind only if you match our average growth rate in the past 14 years. But that seems incredibly unlikely (barring some kind of global economic miracle), so it's a lot more than 14 years.

 

[AugenBlick]

I'd like to see some secondary data like freight volumes and container volumes before i trust this 7%