China's GDP grows 6.8 pct in H1 - Xinhua

[empirefighter]

But China is still a developping country.

We want to be a developing country FOREVER.

 

[Huan]

But China is still a developping country.

By 2021 deadline, China's poverty is to be completely eradicated. That's when China's developing country status will start to end.

 

[TaiShang]

Homegrown demand drives Chinese economy forward

Source:Global Times Published: 2018/7/16

China's GDP growth reached 6.8 percent year-on-year in the first half of this year. International analysts believe that the Chinese economy has maintained its momentum in the context of deleveraging and curbing financial risks. The most imminent factors in the second half of this year would be the China-US trade war and the continuation of deleveraging, but they won't lead the Chinese economy to a hard landing. China has enough space to take initiative and pursue better macro-economic performance.

It's increasingly clear that the Chinese economy develops in a bid to promote and satisfy public demand for a better life. China's capacity is growing to meet the expanding demand. Whether China's quarterly GDP grows or drops even 0.1 percentage point attracts high attention. But a bigger challenge for China is to create more demand and ensure manufacturing keeps up with the trend.

As for the trade war, the US in some sense hopes to monopolize Chinese market demand so that bilateral economic and trade cooperation can further accumulate China's strategic dependence on the US.

Given the Chinese government's capacity of social mobilization and organization, however the China-US trade war goes, it won't alter the development direction of Chinese society.

The trade war will only produce a limited negative influence on the Chinese economy.

The growing demand in both scope and quality of the Chinese market is decided by Chinese people's collective pursuit for a better life. As long as the overall environment stays stable, Chinese people will continue striving for a better life and a more secure future. They are also eager to provide the same for their children.

Such growing demand not only provides a steady flow of driving force for the Chinese economy, but boosts world economic growth and enables China to have more leverage in handling foreign relations. Hence expanding domestic demand is a critical source of power for China amid rampant trade protectionism.

In this context, countries like the US will find it unrealistic to monopolize the supply for quality products in China and the only feasible option is to reach a compromise with China on trade. We should be confident in this.

Chinese people want better education and healthcare, more reliable care for the elderly, safer food and better living conditions. This creates enormous space for the Chinese economy to meet those needs. The Chinese market will maintain healthy and dynamic growth.

Chinese society must remain confident in its sizable economy. We need to prevent incidents like the trade war from impacting our economic system and causing negative chain reactions.

New economic figures indicate that the Chinese economy is operating within a stable range and will be resilient to shocks. We have to ensure its resilience overruns any negative impact that arises.

Efforts are needed to prevent bureaucracy and formalism from hampering growth, and to enable key links in the economy to sustain industrial upgrade and development momentum. This will curb some potential risks from evolving into real challenges.

http://www.globaltimes.cn/content/1111092.shtml

Sure buddy. The true strength lies in our huge domestic market, this is why we don't care about Trump's threat:even if he decide to cut off business completely with us, all other countries in the world are lining up to do business with China. And also we can see that even with a GDP per capita of just $10,000, we are about to surpass the US as the world no.1 economy, and we still have a growth rate of around 7%, which is a dream number for most countries in the world. Just wait for 2 decades for our industries to become really mature, China will resume the historical position, when we contributed 60% of the world's GDP!

 

[Kai Liu]

Homegrown demand drives Chinese economy forward

Source:Global Times Published: 2018/7/16

China's GDP growth reached 6.8 percent year-on-year in the first half of this year. International analysts believe that the Chinese economy has maintained its momentum in the context of deleveraging and curbing financial risks. The most imminent factors in the second half of this year would be the China-US trade war and the continuation of deleveraging, but they won't lead the Chinese economy to a hard landing. China has enough space to take initiative and pursue better macro-economic performance.

It's increasingly clear that the Chinese economy develops in a bid to promote and satisfy public demand for a better life. China's capacity is growing to meet the expanding demand. Whether China's quarterly GDP grows or drops even 0.1 percentage point attracts high attention. But a bigger challenge for China is to create more demand and ensure manufacturing keeps up with the trend.

As for the trade war, the US in some sense hopes to monopolize Chinese market demand so that bilateral economic and trade cooperation can further accumulate China's strategic dependence on the US.

Given the Chinese government's capacity of social mobilization and organization, however the China-US trade war goes, it won't alter the development direction of Chinese society.

The trade war will only produce a limited negative influence on the Chinese economy.

The growing demand in both scope and quality of the Chinese market is decided by Chinese people's collective pursuit for a better life. As long as the overall environment stays stable, Chinese people will continue striving for a better life and a more secure future. They are also eager to provide the same for their children.

Such growing demand not only provides a steady flow of driving force for the Chinese economy, but boosts world economic growth and enables China to have more leverage in handling foreign relations. Hence expanding domestic demand is a critical source of power for China amid rampant trade protectionism.

In this context, countries like the US will find it unrealistic to monopolize the supply for quality products in China and the only feasible option is to reach a compromise with China on trade. We should be confident in this.

Chinese people want better education and healthcare, more reliable care for the elderly, safer food and better living conditions. This creates enormous space for the Chinese economy to meet those needs. The Chinese market will maintain healthy and dynamic growth.

Chinese society must remain confident in its sizable economy. We need to prevent incidents like the trade war from impacting our economic system and causing negative chain reactions.

New economic figures indicate that the Chinese economy is operating within a stable range and will be resilient to shocks. We have to ensure its resilience overruns any negative impact that arises.

Efforts are needed to prevent bureaucracy and formalism from hampering growth, and to enable key links in the economy to sustain industrial upgrade and development momentum. This will curb some potential risks from evolving into real challenges.

http://www.globaltimes.cn/content/1111092.shtml

China is unique. This is why those from countries like vn or whatever are crying that China is gonna die due to Trump's tariff, it is true for them of course, but it is nothing for the gigantic giant nation China, and they will just pretend to or indeed can not understand this.

 

[cirr]

2018 GDP 95 trillion yuan or thereabout going by this rate.

Time to bring in SNA2008 for the calculation of 2019 GDP.

By the way, results of the latest round of economic census will be released before the end of the year.

 

[Daniel808]

China is unique. This is why those from countries like vn or whatever are crying that China is gonna die due to Trump's tariff, it is true for them of course, but it is nothing for the gigantic giant nation China, and they will just pretend to or indeed can not understand this.

Yes bro, China Development is a very Unique case.
China's Cultural Society is also very Unique, that's why many Foreign people getting Clueless if they start talking about China.

We Chinese in China or Overseas already Endure much more pain in those bad years, that's why we see this Trade war like a butterfly in a garden, even if China have a Conflict/Wars with their Smaller Neighbour it will be like a breeze in sunny day for all of us.

They are getting clueless about Our Capability to endure such a pain in order to reach our Objective through many obstacles.

2018 GDP 95 trillion yuan or thereabout going by this rate.

Time to bring in SNA2008 for the calculation of 2019 GDP.

By the way, results of the latest round of economic census will be released before the end of the year.

Yes, please bring SNA2008 for China's 2019 GDP Calculation

And watching those Anti-China Fraudster getting Butt-hurt so much

 

[F-22Raptor]

Sure buddy. The true strength lies in our huge domestic market, this is why we don't care about Trump's threat:even if he decide to cut off business completely with us, all other countries in the world are lining up to do business with China. And also we can see that even with a GDP per capita of just $10,000, we are about to surpass the US as the world no.1 economy, and we still have a growth rate of around 7%, which is a dream number for most countries in the world. Just wait for 2 decades for our industries to become really mature, China will resume the historical position, when we contributed 60% of the world's GDP!

China is about to surpass the US? According to the latest GDP statistics from the IMF in 2017, China added $793 billion to its economy. The US added $766 billion to its economy. China is barely making a dent, and hasn't closed the gap in a significant way for a number of years now.

 

[Jlaw]

Yes bro, China Development is a very Unique case.
China's Cultural Society is also very Unique, that's why many Foreign people getting Clueless if they start talking about China.

We Chinese in China or Overseas already Endure much more pain in those bad years, that's why we see this Trade war like a butterfly in a garden, even if China have a Conflict/Wars with their Smaller Neighbour it will be like a breeze in sunny day for all of us.

They are getting clueless about Our Capability to endure such a pain in order to reach our Objective through many obstacles.




Yes, please bring SNA2008 for China's 2019 GDP Calculation

And watching those Anti-China Fraudster getting Butt-hurt so much

One murican dude above this post has been butt hurting for some time.

 

[Kai Liu]

China is about to surpass the US? According to the latest GDP statistics from the IMF in 2017, China added $793 billion to its economy. The US added $766 billion to its economy. China is barely making a dent, and hasn't closed the gap in a significant way for a number of years now.

The current figure is 18 trillion vs 11 trillion, but we still add more than you, which means our growth rate is at least twice yours (actually the real growth rate is 3 times yours)... Then you can do the math. Within this decade, USA will become no2 in terms of both ppp (already no.2) and nominal...
Of course you can still be proud of your GDP per capita... But as I said before, China is unique, even with a GDP per capita 1/6 of yours, we are already no.2 for years now, and still grow at ~7%, while USA is a sleeping nation with no potential. Let me put this way: if China reached half the GDP per capita of USA, there will be no USA! You know what I mean?

 

[Jlaw]

The current figure is 18 trillion vs 11 trillion, but we still add more than you, which means our growth rate is at least twice yours (actually the real growth rate is 3 times yours)... Then you can do the math. Within this decade, USA will become no2 in terms of both ppp (already no.2) and nominal...
Of course you can still be proud of your GDP per capita... But as I said before, China is unique, even with a GDP per capita 1/6 of yours, we are already no.2 for years now, and still grow at ~7%, while USA is a sleeping nation with no potential. Let me put this way: if China reached half the GDP per capita of USA, there will be no USA! You know what I mean?

GDP is one thing but in China you can see the GDP growth translate to reality with new infrastructure and government coming up ways to increase the betterment of people's lives. While in China I get the sense people are very optimistic about the the future. The streets are vibrant and full of life. I don't see a lot of optimism in North America

 

[Kai Liu]

GDP is one thing but in China you can see the GDP growth translate to reality with new infrastructure and government coming up ways to increase the betterment of people's lives. While in China I get the sense people are very optimistic about the the future. The streets are vibrant and full of life. I don't see a lot of optimism in North America

Yep. We see tangible progress, while they produce fake as hell "GDP", for example, treating a flu costs 1,000 USD, while the insurance company and the hospital will both produce "GDP" for this... In addition, the world organizations like world bank and IMF are all puppet of america, which give joke GDP numbers....
I will first believe in what I see, then stats:
From my observation, no country with similar GDP per capita number of China is as advanced as China in every aspects such as infrastructure, luxury cars, etc. etc...
https://defence.pk/pdf/threads/cars-on-chinas-roads.562160/

 

[HariPrasad]

And the real number is .........

 

[F-22Raptor]

The current figure is 18 trillion vs 11 trillion, but we still add more than you, which means our growth rate is at least twice yours (actually the real growth rate is 3 times yours)... Then you can do the math. Within this decade, USA will become no2 in terms of both ppp (already no.2) and nominal...
Of course you can still be proud of your GDP per capita... But as I said before, China is unique, even with a GDP per capita 1/6 of yours, we are already no.2 for years now, and still grow at ~7%, while USA is a sleeping nation with no potential. Let me put this way: if China reached half the GDP per capita of USA, there will be no USA! You know what I mean?

You can't even do basic research. Go look at the latest IMF 2017 GDP statistics. At the end of 2017, China stood at $12 trillion. At the end of the US 2017 fiscal year(Sept 30.) the US stood near 19.4 trillion. When you count the final 3 months of the year it was actually $19.7 trillion. China added $793 billion to its economy, the US $766 billion. China barely put a dent into the American lead.

It's actually been this way for 4-5 years now. An to say the US has no potential is utterly laughable. This is why no one takes the PDF Chinese Brigade seriously.

 

[Kai Liu]

And the real number is .........

The real number is:
https://defence.pk/pdf/threads/seei...hinese-cities-towns-and-villages-like.524372/
https://defence.pk/pdf/threads/afte...ill-call-chinese-farmers-cheap-labors.564550/
https://defence.pk/pdf/threads/cars-on-chinas-roads.562160/
https://defence.pk/pdf/threads/can-todays-india-compare-to-china-around-15-years-ago.550146/
https://defence.pk/pdf/threads/introduction-of-chinese-car-companies.566195/
https://defence.pk/pdf/threads/here...inese-evs-just-make-you-mind-boggling.566564/
https://defence.pk/pdf/threads/chin...rom-the-western-media-and-the-reality.551179/
https://defence.pk/pdf/threads/vlog...uth-asians-living-travelling-in-china.567742/

You can't even do basic research. Go look at the latest IMF 2017 GDP statistics. At the end of 2017, China stood at $12 trillion. At the end of the US 2017 fiscal year(Sept 30.) the US stood near 19.4 trillion. When you count the final 3 months of the year it was actually $19.7 trillion. China added $793 billion to its economy, the US $766 billion. China barely put a dent into the American lead.

It's actually been this way for 4-5 years now. An to say the US has no potential is utterly laughable. This is why no one takes the PDF Chinese Brigade seriously.

Why you keep saying the same thing again and again??? Are you retard? 793 billion/12 trillion vs 766 billion/ 18 trillion Who is faster??? BTW, this is after the exchange rate has been adjusted (which is a thing our government has been doing on purpose), the real growth rate is 7% vs 2%... America is a saturated sleeping nation without potential, you don't have to deny because everyone knows it...

 

[F-22Raptor]

The real number is:
https://defence.pk/pdf/threads/seei...hinese-cities-towns-and-villages-like.524372/
https://defence.pk/pdf/threads/afte...ill-call-chinese-farmers-cheap-labors.564550/
https://defence.pk/pdf/threads/cars-on-chinas-roads.562160/
https://defence.pk/pdf/threads/can-todays-india-compare-to-china-around-15-years-ago.550146/
https://defence.pk/pdf/threads/introduction-of-chinese-car-companies.566195/
https://defence.pk/pdf/threads/here...inese-evs-just-make-you-mind-boggling.566564/
https://defence.pk/pdf/threads/chin...rom-the-western-media-and-the-reality.551179/
https://defence.pk/pdf/threads/vlog...uth-asians-living-travelling-in-china.567742/


Why you keep saying the same thing again and again??? Are you retard? 793 billion/12 trillion vs 766 billion/ 18 trillion Who is faster??? BTW, this is after the exchange rate has been adjusted (which is a thing our government has been doing on purpose), the real growth rate is 7% vs 2%... America is a saturated sleeping nation without potential, you don't have to deny because everyone knows it...

I keep saying it because you have your head buried in concrete. China is NOT closing the gap with the US economy. Not in any significant way at least, and hasn't for some time. The US economy is booming. Near full employment..stocks performing well...$800 billion-$1 trillion expected to add to our GDP this year...a technological powerhouse. It's nice being a country "without potential."