BoQ77
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Yeah we still supply rice for Korean and Chinese
Economic giants China and US talk trade
- Thread starter Edison Chen
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Yeah we still supply rice for Korean and Chinese
cirr
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That's one of the reasons why they insist on using GDP (PPP) for China, because they believe that the Yuan is undervalued and thus our nominal GDP is vastly understated.
Anyway, I hope for business to continue showing healthy and stable growth.
In a globalized world, hoping for other countries to crash is not going to work. In order for us to continue our economic boom, we have to hope that others in the world will also take good care of their economy too. Otherwise it could end up hurting us as well, even a 1% difference in growth rates is a big deal for the Chinese people on the ground.
China will see a huge jump in its 2015 economic output，for a new standard（SNA 2008）that's more in line with the current international practice will be adopted for the calculation of GDP。
The result of the 3rd economic census is also likely to “inflate” the size of the economy by bringing into the open those economic activites that were previsouly not covered or accounted for by the statistical authorities。
Kiss_of_the_Dragon
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BoQ77
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What you viet could do beside envy of our achievement?......nothing
it's funny only to see how China govt words play with their own people.
Do you think that China richer than Russia ?
Their GDP : 1/4 of you
Their population : 1/10 of you
Rich nation :
USA : GDP per capital over 50,000 USD / year
Japan : nearly 50,000 USD / year
Poor nation :
Vietnam : 2,000 USD / year
China : 6,000 USD / year
Thailand : 5,500 USD / year
Other nation:
South Korea : 22500 usd / year
Russia : 14500 usd / year
Singapore : 51,000 usd / year
Malaysia : 11,000 USD / year
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Edison Chen
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A bilateral investment treaty between China and the U.S. is on the ‘fast track’, so says the China Dailynewspaper on Wednesday. The view from here is a bit different. Just last week, Treasury Secretary Jacob Lew, one of the brains behind a bilateral investment deal between the No. 1 and No. 2 economies, was at least two years away.
Lew and Secretary of State John Kerry are currently in Beijing to discuss a variety of issues, from defense to expanding investments at the sixth Strategic & Economic Dialogue (S&ED). The meetings were originally set up by President Barack Obama in his foreign policy shift towards Asia.
China and the U.S. are reportedly going to announce a timetable for the treaty on Thursday, Zhang Xiangchen, China’s assistant minister of commerce, told a news briefing on Wednesday.
“Owing to different economic development levels between the two countries, we can expect difficulties will emerge on the talks on many terms, but the pact will be finally reached,” Zhang told the Daily.
Shanghai as seen from the Yangtze River at night. The city has a free trade zone, one of China’s latest pilot programs designed to test out free market capitalism…China style, of course.
Further negotiations will be held in Washington DC in late July. Both sides want to get a document prepared to send to their respective lawmakers. In the U.S., that means U.S. Trade Representative, Treasury and State hammering out a document they can get to the Senate Foreign Relations Committee. From there, it would go to a vote in the Senate.
“If a (bilateral investment treaty) was going up today, it would pass the Senate,” said Neal Asbury, CEO of The Legacy Companies, manufacturers of food service equipment. ”We need this treaty. China can pretty much buy anything they want over here, and we cannot do the same in China.”
The latest attempt at building a timetable will be a breakthrough for the treaty. Chen Fengying, director of the Institute of World Economic Studies at the China Institutes of Contemporary International Relations, told the Daily, “Once the road map is set, the talks are likely to be concluded before the end of this year.”
That might be wishful thinking. Even if a document is sent to the Senate Foreign Relations Committee, it could take another year just to get it ready for a vote.
A bilateral investment treaty would give the U.S. equal protection under the law in China, and open markets for greenfield investments and acquisitions whereas American firms would not have to partner with Chinese players or sign technological transfer agreements. Such agreements can lead to theft of intellectual property, a huge bone of contention right now between Beijing and Washington.
Washington is hoping that China remembers 2001, when the U.S. promoted China’s membership in the World Trade Organization. The U.S. clearly wants China to play by market rules, which would require China to be more liberal with its currency. It would also require China to do away with state subsidies to certain industries. For example, subsidies to China solar companies have hurt American competitors. In Massachusetts, Evergreen Solar closed its factory and moved to China in 2011, laying off 800 workers.
“On paper and in theory, both countries agree that a level playing field and open markets are the way to go. But in reality, we have seen that even with China’s ascension into the WTO, China did not reduce subsidies, which distorts that playing field,” says Usha V. Haley, author of the book Subsidies to Chinese Industry: State Capitalism, Business Strategy and Trade Policy “State subsidies have transformed industries like steel, glass, paper, auto parts and solar into some of the leaders in the world. The policy makers in the U.S. have to understand where the money is coming from and that will be very murky.”
For its part, China has gingerly opened its markets through the use of pilot free trade zones, most recently in Shanghai. China is unlikely to move quickly from a state-controlled communist government, to a capitalist one. But in the meantime, U.S. industry is behind a bilateral investment treaty in hopes it can take part in that transition.
Max Baucus, the new American representative in China, told members of the American Chamber of Commerce recently that a bilateral investment treaty was his “top priority”.
Foreign direct investment from China averaged slightly less than $1 billion in 2010-2012, or 0.5 percent of total FDI into the U.S. That number is on the rise. In 2012, Chinese companies invested $10.3 billion in the U.S., up from $9.3 billion in 2011 and just $1.2 billion in 2008.
U.S. investment to China has been rather stagnant. In 2012, U.S. companies invested $51.3 billion in China, down four consecutive years.
Lew and Secretary of State John Kerry are currently in Beijing to discuss a variety of issues, from defense to expanding investments at the sixth Strategic & Economic Dialogue (S&ED). The meetings were originally set up by President Barack Obama in his foreign policy shift towards Asia.
China and the U.S. are reportedly going to announce a timetable for the treaty on Thursday, Zhang Xiangchen, China’s assistant minister of commerce, told a news briefing on Wednesday.
“Owing to different economic development levels between the two countries, we can expect difficulties will emerge on the talks on many terms, but the pact will be finally reached,” Zhang told the Daily.
Shanghai as seen from the Yangtze River at night. The city has a free trade zone, one of China’s latest pilot programs designed to test out free market capitalism…China style, of course.
Further negotiations will be held in Washington DC in late July. Both sides want to get a document prepared to send to their respective lawmakers. In the U.S., that means U.S. Trade Representative, Treasury and State hammering out a document they can get to the Senate Foreign Relations Committee. From there, it would go to a vote in the Senate.
“If a (bilateral investment treaty) was going up today, it would pass the Senate,” said Neal Asbury, CEO of The Legacy Companies, manufacturers of food service equipment. ”We need this treaty. China can pretty much buy anything they want over here, and we cannot do the same in China.”
The latest attempt at building a timetable will be a breakthrough for the treaty. Chen Fengying, director of the Institute of World Economic Studies at the China Institutes of Contemporary International Relations, told the Daily, “Once the road map is set, the talks are likely to be concluded before the end of this year.”
That might be wishful thinking. Even if a document is sent to the Senate Foreign Relations Committee, it could take another year just to get it ready for a vote.
A bilateral investment treaty would give the U.S. equal protection under the law in China, and open markets for greenfield investments and acquisitions whereas American firms would not have to partner with Chinese players or sign technological transfer agreements. Such agreements can lead to theft of intellectual property, a huge bone of contention right now between Beijing and Washington.
Washington is hoping that China remembers 2001, when the U.S. promoted China’s membership in the World Trade Organization. The U.S. clearly wants China to play by market rules, which would require China to be more liberal with its currency. It would also require China to do away with state subsidies to certain industries. For example, subsidies to China solar companies have hurt American competitors. In Massachusetts, Evergreen Solar closed its factory and moved to China in 2011, laying off 800 workers.
“On paper and in theory, both countries agree that a level playing field and open markets are the way to go. But in reality, we have seen that even with China’s ascension into the WTO, China did not reduce subsidies, which distorts that playing field,” says Usha V. Haley, author of the book Subsidies to Chinese Industry: State Capitalism, Business Strategy and Trade Policy “State subsidies have transformed industries like steel, glass, paper, auto parts and solar into some of the leaders in the world. The policy makers in the U.S. have to understand where the money is coming from and that will be very murky.”
For its part, China has gingerly opened its markets through the use of pilot free trade zones, most recently in Shanghai. China is unlikely to move quickly from a state-controlled communist government, to a capitalist one. But in the meantime, U.S. industry is behind a bilateral investment treaty in hopes it can take part in that transition.
Max Baucus, the new American representative in China, told members of the American Chamber of Commerce recently that a bilateral investment treaty was his “top priority”.
Foreign direct investment from China averaged slightly less than $1 billion in 2010-2012, or 0.5 percent of total FDI into the U.S. That number is on the rise. In 2012, Chinese companies invested $10.3 billion in the U.S., up from $9.3 billion in 2011 and just $1.2 billion in 2008.
U.S. investment to China has been rather stagnant. In 2012, U.S. companies invested $51.3 billion in China, down four consecutive years.
Kiss_of_the_Dragon
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Word play or not we're still better than you...LMAO
BoQ77
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Better than Vietnam doesn't mean directly rich
Kiss_of_the_Dragon
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Jlaw
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No you don't supply us with cheap rice. We buy a lot of your cheap rice or else your trade deficit with us will be $100b instead of $40b.
Than you will cry even more.
cirr
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Shanghai as seen from the Yangtze River at night. The city has a free trade zone, one of China’s latest pilot programs designed to test out free market capitalism…China style, of course.
Come on，this was Lujiazui 5 or more years ago！
A lot of water have flew under the bridge since。
BoQ77
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Still rich than Vietnam
You don't want to rename what is rich ?
Edison Chen
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Come on，this was Lujiazui 5 or more years ago！
A lot of water have flew under the bridge since。
No wonder that building is still under construction from the picture. Now Lujiazui must be more developed.
cirr
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Much more developed yet still under develoment。
Part of Lujiazui Phase II under construction：
陆家嘴金融城二期基本介绍1122_百度文库
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Raphael
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We will never have a more renowned banana brand than you. This must be Vietnam's eternal satisfaction.
cirr
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