China's GDP was 17.7 trillion USD in 2021

[nang2]

You refer me as Chinese, so you must be American, right? So I thought you're a winner bro, as per your description that refers to a debtor position aka negative. And no "when" can apply, becos a position means your asset less liability at any given time. So if you are negative now, you are negative, no interests rate or inflation can change that fact.

Don't worry bro, your "winner" position though is mocked by many including "green" like me as "in the red", that won't change the slightest bit about the fact of your situation.

No, I am Canadian. Don't you read?

 

[Shotgunner51]

No, I am Canadian. Don't you read?

You've seen false flags here before, haven't you? OK, Canadian, enjoy "winner" position.

 

[SaadH]

Best time to pop the bubble is definitely during COVID, but the excess labor has to be employed doing something. What should these unemployed people do?

Do what FDR did in the 1930's, put them to work on public works projects.

 

[nang2]

You've seen false flags here before, haven't you? OK, Canadian, enjoy "winner" position.

I don't judge anyone without sufficient proof. Since it is nearly impossible to have sufficient proof that someone is using wrong flags, I don't judge them as such. It seems that I am trusting strangers more than you are.

 

[Shotgunner51]

Let's take a military perspective of this news, now that GDP data of 2021 is available citing RMB 114.367 trillion, and defence budget for the same fiscal year already known to be RMB 1.355343 trillion, we can confirm China's defence spend is 1.185% of GDP, this proportion is among lowest in the world.

增长6.8%：2021年中国军费预算为13553.43亿元|中国_新浪军事_新浪网 (sina.com.cn)
国家统计局：2021年中国GDP突破114万亿，人均GDP突破8万元_湃客_澎湃新闻-The Paper

 

[Beidou2020]

Let's take a military perspective of this news, now that GDP data of 2021 is available citing RMB 114.367 trillion, and defence budget for the same fiscal year already known to be RMB 1.355343 trillion, we can confirm China's defence spend is 1.185% of GDP, this proportion is among lowest in the world.

增长6.8%：2021年中国军费预算为13553.43亿元|中国_新浪军事_新浪网 (sina.com.cn)
国家统计局：2021年中国GDP突破114万亿，人均GDP突破8万元_湃客_澎湃新闻-The Paper

1.185% of GDP is too low.

3% of GDP should be the norm.

 

[Dungeness]

Let's take a military perspective of this news, now that GDP data of 2021 is available citing RMB 114.367 trillion, and defence budget for the same fiscal year already known to be RMB 1.355343 trillion, we can confirm China's defence spend is 1.185% of GDP, this proportion is among lowest in the world.

增长6.8%：2021年中国军费预算为13553.43亿元|中国_新浪军事_新浪网 (sina.com.cn)
国家统计局：2021年中国GDP突破114万亿，人均GDP突破8万元_湃客_澎湃新闻-The Paper

Considering the threats from multi fronts, China should really rise its defence budget to at least 2% of her GDP.

 

[Stranagor]

What Will China’s Monetary Policy Look Like in 2022?

www.yicaiglobal.com

(Yicai Global) Jan. 18 -- China has neither the conditions nor the space to markedly ease monetary policy this year, but will keep it flexible, moderate and relatively loose amid increasing downward economic pressure, rising inflation expectations and a growing assumption that major developed countries will raise interest rates.

Cuts to both the reserve requirement ratio and interest rates should be possible monetary policy options this year. The prudent monetary policy will continue to be loose this year, with one or two moderate cuts in the RRR possible. It was lowered twice last year, including once at the end. The next may not happen very soon, considering it takes time for the effects of reductions to show.

This year, the People’s Bank of China will moderately strengthen the adjustment of market liquidity though open market operations, the medium-term lending facility and other policy instruments, and keep growth of the money supply and social financing basically in line with the nominal economic growth rate.

Social financing is expected to grow between 10.5 percent to 10.9 percent, and M2 growth is likely at somewhere between 8.5 percent to 8.9 percent.

The PBOC will continue to push forward with market-oriented rate reforms, unblock policy transmission channels, continue to improve the loan market pricing mechanism, release loan prime rate reform dividends in a sustained manner, and promote the stability and decline of the actual lending rate.

The central bank recently trimmed rates of OMO and MLF. It should be noted that the moves are not ‘rate cuts’ in the traditional sense. Rate cuts usually refer to lowering policy rates that have an overall and directional impact on the financial sector. Among them are China’s long-standing benchmark deposit and lending rates.

Deposit, Lending Rates

Strictly speaking, China is less likely to cut these benchmark rates in the coming period. Lowering the deposit rate would weaken the ability of banks to absorb deposits and hurt the vital interests of low- and middle-income groups amid the widening gap between deposit growth and credit growth and the continuous tightening of the debt situation at lenders.

Against the policy background of common prosperity, we need to be cautious in lowering the benchmark deposit rate.

The loan interest rate is relatively very market-oriented, enabling the quotation institutions to adjust the rate themselves according to supply and demand. But, the reduction in the loan prime rate is the result of self-quotations by commercial banks, so it is impossible to adjust the benchmark lending rate.

A certain degree of LPR cut is still possible this year though with the PBOC’s window guidance and reduction of policy rates, including OMO and MLF rates, under the condition that any RRR cuts and refinancing ensure reasonably abundant liquidity, thus promoting a further decrease in the cost of corporate borrowing.

(The author is the chief economist and president of Zhixin Investment Research Institute as well as president of the China Chief Economist Forum)

 

[Beidou2020]

Considering the threats from multi fronts, China should really rise its defence budget to at least 2% of her GDP.

Spending such a low number on defence budget is naive. As you said, China is facing hostility from many so the investment into the military should be huge.

To avoid war, invest in the military to be a significant deterrent. Having a small budget hoping to ‘not scare others’ is very naive. Regardless of what China spends, the West will be hostile to China.

 

[Shotgunner51]

1.185% of GDP is too low.

Considering the threats from multi fronts, China should really rise its defence budget to at least 2% of her GDP.

Bro you are talking about doubling or tripling the current military size!

We can, if a war breaks out anytime we can turn into wartime economy, but till then the current spend level is already capable of delivering what we need at different stages. Do note that over the years we have already built up the foundation and strategic infrastructure necessary for future war, we are adding bits and pieces progressively at different stages according to plan, this pace is controllable, comfortable for us, and bleeding for our enemies.

 

[MultaniGuy]

114.367 trillion RMB / 6.45 USD/RMB exchange rate in 2021

China's GDP tops 110 trln yuan in 2021

China's GDP tops 110 trln yuan in 2021-

www.xinhuanet.com

A question for our Chinese allies, why does China not annex North Korea outright?

Thanks.

 

[MH.Yang]

A question for our Chinese allies, why does China not annex North Korea outright?

Thanks.

The reason is the same as that the USA does not annex Mexico. There are no advantages, only disadvantages.

 

[MultaniGuy]

The reason is the same as that the USA does not annex Mexico. There are no advantages, only disadvantages.

Yes, but Mexicans are mostly Catholic and speak Spanish. So there are some faultlines.

Usually we think East Asians have more in common than say Westerners.

 

[Shotgunner51]

A question for our Chinese allies, why does China not annex North Korea outright?

Thanks.

Bro our MFA's standard answer is "We respect sovereignty of .....", but in reality the concept of annexation is very 18th century when land is instrumental to national economy & security, obviously this concept is out of fashion nowadays. In my opinion, there's no motive for China to disrespect sovereign boundaries of a friendly nation, instead the most self-benefiting foreign policy has become promoting free trade of goods and services across borders, the ultimate goal is prosperity.

 

[MH.Yang]

Yes, but Mexicans are mostly Catholic and speak Spanish. So there are some faultlines.

Usually we think East Asians have more in common than say Westerners.

As early as thousands of years ago, Ancient Korea had surrendered to China. They have been affiliated to China for a long time.
For thousands of years, China did not choose to annex Ancient Korea, but to protect Ancient Korea, of course, there is a reason.
China's protection of North Korea is based on history, which is our cultural tradition and responsibility. China will not annex North Korea for the same reason.
Korean civilization is a branch of Chinese civilization, but it is a strong branch. The Korean people have a strong national consciousness, let them to join China will only bring instability within China.