Disintegration of China because of economic collapse?

[gambit]

Good enough to surpass American economy.

Now? Yer dreaming.

This is not a zero sum game. If China's economy does live up to projections, and there are no guarantees it will, that still does not mean there will be an equivalent decline in America's economic capacity, especially when considering the fact that the average American worker is still outproducing his Chinese counterpart by 3-1. You think something like the simple microwave oven came from China? When China can produce functional products from ideas like the microwave oven, talk to US.

I thought communism died in China? If not, how long will they be communists?

Communism died in China the day members of the Politburo donned the Western style business suit. Today, those members are intellectual and moral frauds. And they know it.

 

[atatwolf]

Chinese economy cannot surpass American or European economy. Chinese economy is dependent on the west. When demand for cheap labor and products go down, chinese economy will also go down. Funny to see so many people speak without knowing basic economics.

 

[northeast]

Chinese economy cannot surpass American or European economy. Chinese economy is dependent on the west. When demand for cheap labor and products go down, chinese economy will also go down. Funny to see so many people speak without knowing basic economics.

So why we continues to grow like mad when west and Turkey stucked in the mud？

 

[atatwolf]

So why we continues to grow like mad when west and Turkey stucked in the mud？

Hellooo? Growth of Chinese economy slowed down.

If Western economy slows down even more, Chinese economy will slow down even more.

The big problem China has which the west doens't have is China's big population. If economic crises hits China, this will be disastrous.

 

[northeast]

Hellooo? Growth of Chinese economy slowed down.

If Western economy slows down even more, Chinese economy will slow down even more.

The big problem China has which the west doens't have is China's big population. If economic crises hits China, this will be disastrous.

I think 8% growth is a MAD growth in turkey standard，isn't it？And population is a fortune not a burden，you get it completely wrong.In fact，Turkey economy depend on western country in a scale china can't compete.that's why we still grow at 8%，and yours' growth fall to 3%.
Turkey economy heavily dependent on european investment and tourists,without them,you would have been as poor as your brother country Turkmenistan.

 

[atatwolf]

I think 8% growth is a MAD growth in turkey standard，isn't it？And population is a fortune not a burden，you get it completely wrong.In fact，Turkey economy depend on western country in a scale china can't compete.that's why we still grow at 8%，and yours' growth fall to 3%.
Turkey economy heavily dependent on european investment and tourists,without them,you would have been as poor as your brother country Turkmenistan.

You are just number playing and acting smart.

If you really want to compare, which you are doing. You should compare GDP PER CAPITA, not growth rates.

GDP per capita:
China 5,417

Turkey 10,363

Oooops.. Bad Turkish economy is not doing bad after all compared to big might China. growth numbers mean nothing. You have to look deeper. Look at GDP per capita for instance. Look at diversification. etc.

Plus Turkey's economy doesn't depend on export like China's economy does. Tourism is just small fraction of economy. China is different story, If export slows down for China, a big crises will hit China. I don't want to repeat myself but like I said, a problem which China has which west doesn't have is its big population, which will become a big big burden.

 

[northeast]

You are just number playing and acting smart.

If you really want to compare, which you are doing. You should compare GDP PER CAPITA.

China 5,417

Turkey 10,363

Oooops.. Bad Turkish economy is not doing bad after all compared to big might China.

Plus Turkey's economy doesn't depend on export like China's economy does. Tourism is just small fraction of economy. China is different story, If export slows down for China, a big crises will hit China. I don't want to repeat myself but like I said, a problem which China has which west doesn't have is its big population, which will become a big big burden.

That's not the point.The point is why The economy growth of Turkey fall to 3% when western countries get stucked in mud but China still remain 8%.Turkey is much more dependent on European investment and tourists even it's country have massive deficit，just like india，without foreign euros and dollars，you can import nothing from foreign countries.

 

[atatwolf]

That's not the point.The point is why The economy growth of Turkey fall to 3% when western countries get stucked in mud but China still remain 8%.Turkey is much more dependent on European investment and tourists even it's country have massive deficit，just like india，without foreign euros and dollars，you can import nothing from foreign countries.

No,no,no, that is exactly the point, you wanted to compare and we compared. Turkish GDP per capita is twice as big as China and European average GDP is multiple times bigger than Chinese GDP per capita.

Turkish economy is still growing and it can meet the needs of the population. Chinese economy cannot meet the needs of its population, which isn't strange. There are more than 1.5 billion Chinese.

The reason why Chinese economy is growing is because there is still demand for cheap labor and products. When this go's to zero, then you should look at the effects on Chinese economy. Chinese economy is completely dependend on exports which is very bad.

 

[northeast]

No,no,no, that is exactly the point, you wanted to compare and we compared. Turkish GDP per capita is twice as big as China and European average GDP is multiple times bigger than Chinese GDP per capita.

Turkish economy is still growing and it can meet the needs of the population. Chinese economy cannot meet the needs of its population, which isn't strange. There are more than 1.5 billion Chinese.

The reason why Chinese economy is growing is because there is still demand for cheap labor and products. When this go's to zero, then you should look at the effects on Chinese economy.

So you just wanted to compare the GDP per capita of turkey and china？feel free to do it.

 

[atatwolf]

So you just wanted to compare the GDP per capita of turkey and china？feel free to do it.

I already did it if you go back couple of post.

If you want to learn more about Chinese economy. Here is an interesting article:

CHINA 2020* PAPER TIGER

 

[Khitan21]

I already did it if you go back couple of post.

If you want to learn more about Chinese economy. Here is an interesting article:

You know why China won't collapse any time in the near future, because China is NOT like any other nation in East Asia: it's a continental power, with vast resources to pull from, not to mention a large population.

China's rising labor cost isn't going to disintegrate China's growth because no other nation can build like China can and when the labor cost does goes up - which it will - it will be the cheapest place to get quality goods in the world, because after years of development in the country - education and what not -, China would have produced the largest amount of skilled labor thus producing cheap good quality goods. Do you honestly believe if India or even Vietnam were start to become the worlds factories, they will immediately make high quality goods or even effectively build factories to make the goods in the first place?

You are also forgetting China's own industries and enterprises, when foreign corporations do want to start pulling out of China, China will have their own industries giving jobs to the western regions when the East coast and central China become relatively developed - By 2020 there would be around 6 provinces with a GDP comparable to Russia. In the future China won't need to rely on westerners consuming Chinese goods because by then, it would be the Chinese consuming Chinese goods.

Currently China's GDP per capita is going on the same path as South Korea; South Korea's GDP per capita was roughly about the same as China today in the 1980's so you can bet your bloody arse that China will eventually overtake Turkey in GDP per capita. China isn't going to remain stagnant; It's own industry and domestic brands is going to bring China to the level of developed nation just like South Korea, Japan and Taiwan. Having foreign corporation into China is just a stepping stone for China to establish their own corporations.

And regards to the whole growth is slowing, that is China's plan to have a sustainable growth and to also close the monstrous income gap that you have been rambling about.

Seriously if you want to have a more objective viewpoint, you should read some sources that argues against your current sources, before deducing China is going to stupidly destroy itself... The Chinese, like other East Asians, are very adaptable people; Taiwan use to rely on cheap labor for growth, but when we could no longer compete with other places with cheaper labor like in the Mainland and Vietnam we changed our main income to information technology and other jobs of the sort, and even today Taiwan is still able to experience high growth rate, right now Taiwan's GDP per capita is higher than many European nations and even Japan. How do you think China, along with India, were the richest nation on the planet for almost two thousand years?

 

[oct605032048]

Dude your figure is outdated. China's GDP per capita of 2012 is $6100. See that's how the 8% growth DOES MAKE A DIFFERENCE.

FYI As a city of 21 million people, Beijing's GDP per capita is $14k and Shanghai's (a bigger city) GDP per capita is even higher.

You are just number playing and acting smart.

If you really want to compare, which you are doing. You should compare GDP PER CAPITA, not growth rates.

GDP per capita:
China 5,417

Turkey 10,363

Oooops.. Bad Turkish economy is not doing bad after all compared to big might China. growth numbers mean nothing. You have to look deeper. Look at GDP per capita for instance. Look at diversification. etc.

Plus Turkey's economy doesn't depend on export like China's economy does. Tourism is just small fraction of economy. China is different story, If export slows down for China, a big crises will hit China. I don't want to repeat myself but like I said, a problem which China has which west doesn't have is its big population, which will become a big big burden.

 

[darkhero]

So why we continues to grow like mad when west and Turkey stucked in the mud？

you know, the turks hate everybody

 

[atatwolf]

you know, the turks hate everybody

Since when is talking about economics hating? No use in making things personal.

Dude your figure is outdated. China's GDP per capita of 2012 is $6100. See that's how the 8% growth DOES MAKE A DIFFERENCE.

FYI As a city of 21 million people, Beijing's GDP per capita is $14k and Shanghai's (a bigger city) GDP per capita is even higher.

Okey


.

You know why China won't collapse any time in the near future, because China is NOT like any other nation is East Asia: it's a continental power, with vast resources to pull from, not to mention a large population.

China's rising labor cost isn't going to disintegrate China's growth because no other nation can build like China can and when the labor cost does goes up - which it will - it will be the cheapest place to get quality goods in the world, because after years of development in the country - education and what not -, China would have produced the largest amount of skilled labor thus producing cheap good quality goods. Do you honestly believe if India or even Vietnam were start to become the worlds factories, they will immediately make high quality goods or even effectively build factories to make the goods in the first place?

You are also forgetting China's own industries and enterprises, when foreign corporations do want to start pulling out of China, China will have their own industries giving jobs to the western regions when the East coast and central China become relatively developed - By 2020 there would be around 6 provinces with a GDP comparable to Russia. In the future China won't need to rely on westerners consuming Chinese goods because by then, it would be the Chinese consuming Chinese goods.

Currently China's GDP per capita is going on the same path as South Korea; South Korea's GDP per capita was roughly about the same as China today in the 1980's so you can bet your bloody arse that China will eventually overtake Turkey in GDP per capita. China isn't going to remain stagnant; It's own industry and domestic brands is going to bring China to the level of developed nation just like South Korea, Japan and Taiwan. Having foreign corporation into China is just a stepping stone for China to establish their own corporations.

And regards to the whole growth is slowing, that is China's plan to have a sustainable growth and to also close the monstrous income gap that you have been rambling about.

Seriously if you want to have a more objective viewpoint, you should read some sources that argues against your current sources, before deducing China is going to stupidly destroy itself... The Chinese, like other East Asians, are very adaptable people; Taiwan use to rely on cheap labor for growth, but when we could no longer compete with other places with cheaper labor like in the Mainland and Vietnam we changed our main income to information technology and other jobs of the sort, and even today Taiwan is still able to experience high growth rate, right now Taiwan's GDP per capita is higher than many European nations and even Japan. How do you think China, along with India, were the richest nation on the planet for almost two thousand years?

I agree with these points but China's population is still too big for its economy. Even if growth rates continue like this (it won't) China will have economic issues. China has 1.5 billion population, comapre that too European population. Plus because of China's one child policy, China has one of the most oldest population in the world, so in the future cheap labor will become an issue for China because it won't be able to provide it. I think another economic disaster is coming within 10 years and global demand will drop, this will hit Asia the hardest.

 

[UKBengali]

^^ China has 1.3 billion not 1.5 billion people.