How Many Times did China's Economy Collapse in the Past 17 Years?

[randomradio]

What does investment produce?

Let it produce what it want, the point is China is investment driven. And investment driven = capital intensive. Primarily due to infrastructure. And a lot of that capital came from outside China.

So when that guy said, "where it can easily finance all of its own economic growth and development", it was laughable. China was dependent on foreign money to grow the economy. And now that foreign money has dried up, China is now taking obscene amounts of debt to grow. So China will grow as long as someone is paying for it. And in your case, your children are going to pay for it in the future. Basically, from 2000 to all the way today, you are not paying for the growth, foreigners and your future children are paying for your growth.

Now that China's domestic investment opportunities have saturated, the CCP is trying this big circus with OBOR.

In India, the economy is consumption driven. It means regardless of what the govt does, the country will keep growing because people are producing and consuming stuff on their own.

 

[nang2]

Let it produce what it want, the point is China is investment driven. And investment driven = capital intensive. Primarily due to infrastructure. And a lot of that capital came from outside China.

So when that guy said, "where it can easily finance all of its own economic growth and development", it was laughable. China was dependent on foreign money to grow the economy. And now that foreign money has dried up, China is now taking obscene amounts of debt to grow. So China will grow as long as someone is paying for it. And in your case, your children are going to pay for it in the future. Basically, from 2000 to all the way today, you are not paying for the growth, foreigners and your future children are paying for your growth.

Now that China's domestic investment opportunities have saturated, the CCP is trying this big circus with OBOR.

In India, the economy is consumption driven. It means regardless of what the govt does, the country will keep growing because people are producing and consuming stuff on their own.

Infrastructure is to be consumed, either by end consumers or producers at different stages of production.

And, your argument shifts from consumption to investment to debt financing. I thought we were just talking about economy and consumption. My point is very simple. All production is for consumption.

 

[Tauren Paladin]

Random ratio is a retard. Next time check consumer revenue for both countries. China's consumer market is like 7 times bigger with consumption being 50% of the economy.

 

[faithfulguy]

Let it produce what it want, the point is China is investment driven. And investment driven = capital intensive. Primarily due to infrastructure. And a lot of that capital came from outside China.

So when that guy said, "where it can easily finance all of its own economic growth and development", it was laughable. China was dependent on foreign money to grow the economy. And now that foreign money has dried up, China is now taking obscene amounts of debt to grow. So China will grow as long as someone is paying for it. And in your case, your children are going to pay for it in the future. Basically, from 2000 to all the way today, you are not paying for the growth, foreigners and your future children are paying for your growth.

Now that China's domestic investment opportunities have saturated, the CCP is trying this big circus with OBOR.

In India, the economy is consumption driven. It means regardless of what the govt does, the country will keep growing because people are producing and consuming stuff on their own.

you are just trying to explain Indian failures and incompetence. Indian growth is remittance based. The more people India send out, the more Indian will grow.

 

[randomradio]

Random ratio is a retard. Next time check consumer revenue for both countries. China's consumer market is like 7 times bigger with consumption being 50% of the economy.

I don't think you realize how percentages work.

Indian growth is remittance based.

That's the dumbest statement I've heard this month.

Are you sure you are Chinese or just a wannabe-Chinese?

 

[faithfulguy]

I don't think you realize how percentages work.



That's the dumbest statement I've heard this month.

Are you sure you are Chinese or just a wannabe-Chinese?

India send some of its people, usually its best and brightest, to other country to work. These people send money back to India and their relatives spend the money. This is how India is a consumer driven. As India growth is based on the amount its experts remit back to India. The only other growth are the third rated call centers that India use to brag as an IT powerhouse and a service based economy. But this income stream is minimal compare to whats send home. The reality is that India is a factor driven remittance based economy.

 

[randomradio]

India send some of its people, usually its best and brightest, to other country to work. These people send money back to India and their relatives spend the money. This is how India is a consumer driven. As India growth is based on the amount its experts remit back to India. The only other growth are the third rated call centers that India use to brag as an IT powerhouse and a service based economy. But this income stream is minimal compare to whats send home. The reality is that India is a factor driven remittance based economy.

Quality of Indians as individuals when it comes to earning money is higher than others. So it's obvious that we will bring in more money.

But India's consumption is more than $1,500B while remittances were about $66B last year. So how does that add up? I would recommend learning basic math first.

 

[faithfulguy]

Quality of Indians as individuals when it comes to earning money is higher than others. So it's obvious that we will bring in more money.

But India's consumption is more than $1,500B while remittances were about $66B last year. So how does that add up? I would recommend learning basic math first.

Indians are just like everyone else when it comes to intelligence . No one believe or accept your Hinduva superiority belief. But one undeniable fact is that most Indians will leave India if they can.

As for remittance, its the engine that drive the economy. So the amount does not matter.

 

[AndrewJin]

Indians are just like everyone else when it comes to intelligence . No one believe or accept your Hinduva superiority belief. But one undeniable fact is that most Indians will leave India if they can.

As for remittance, its the engine that drive the economy. So the amount does not matter.

Don’t try to argue with people of 82.
Even Germany adds more GDP per year than Supa Powa, let alone China that adds 40+% Supa Powa economy annually.

They have to convince the world one day they can do better than North Korea in terms of global hunger index.

 

[randomradio]

Indians are just like everyone else when it comes to intelligence . No one believe or accept your Hinduva superiority belief.

The Chinese have a 50 million diaspora while Indians have 30 million. But still Indians send more money home than the Chinese.

There are 1.2 million Pakistanis in the UAE compared to 2.8 million Indians. But the Indians send in more than 2 times the money the Pakistanis do.

As for remittance, its the engine that drive the economy. So the amount does not matter.

You failed basic math.

But one undeniable fact is that most Indians will leave India if they can.

Just like how you left Pakistan, right?

 

[AndrewJin]

Random ratio is a retard. Next time check consumer revenue for both countries. China's consumer market is like 7 times bigger with consumption being 50% of the economy.

wow, I did not know that.
I thought supa powa was the biggest consumer market in asia, PDF RSSers boast about consumption-driven miracle all the time....

I believe RSSers do not need A/C even their weather can be easily 45 degree!

 

[TaiShang]

China is just warming up.

***

New bridge set to energize bay area economy and culture

(China Daily) 09:09, March 26, 2018

　

The 55-kilometer-long structure will connect Hong Kong on the east of the Pearl River Delta with Macao and Zhuhai on the west. [D.J. CLARK/CHINA DAILY]

The 55-kilometer-long structure will connect Hong Kong on the east of the Pearl River Delta with Macao and Zhuhai on the west, as He Shusi reports.

The opening of the Hong Kong-Zhuhai-Macao Bridge, the first road link to span the Pearl River Estuary, will provide a crucial boost to the development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to experts.

They said the improved connectivity will release the vitality of the regional economy and merge Hong Kong and Macao, two special administrative regions, with China's overall development.

The bridge will drive the expansion of the economy in the Greater Bay Area, according to Gordon Wu Yingsheung, chairman of Hopewell Holdings, an infrastructure and property developer in Hong Kong.

In 1983, Wu spotted the great potential of the manufacturing sector in the Pearl River Delta. Realizing that Hong Kong's limited market meant its development would be reliant on neighboring Guangdong province, he initiated the idea of building the link across the estuary.

At present, the economic development of cities on the eastern side of the delta, including Shenzhen and Huizhou, is surging, while west bank cities such as Zhuhai and Jiangmen lag behind.

Trade hub

By connecting Hong Kong with highways in Guangdong that run all the way to the Guangxi Zhuang autonomous region and the southwestern province of Yunnan, the bridge will consolidate the city's role as an international trading and air transportation hub, and accelerate development in Guangdong's western areas.

"If there is no developed transportation infrastructure, the economy will never soar," Wu told China Daily in an exclusive interview.

Hu Xijie, former deputy minister of transport, echoed Wu's opinion. He said the bridge will improve communication within the Bay Area, especially between cities in Guangdong, and with Hong Kong and Macao.

Hu believed the power of the bridge will be highlighted as the SARs further integrate into the country.

"The bridge is vital to the overall development of the Bay Area politically, economically and culturally," he said.

Construction of the world's longest sea-spanning project began at the end of 2009, and the 55-kilometer-long bridge-island-tunnel complex will connect Hong Kong on the east side of the delta with Macao and Zhuhai on the west.

The bridge cost about 120 billion yuan ($18.8 billion). Once operational, it will cut the journey time between Hong Kong and Zhuhai by car from four hours to less than 60 minutes.

City cluster

According to Lin Ming, chief engineer of the bridge's island and tunnel project, the bridge will promote the development of more urban areas within the Bay Area because China's urbanization process relies mainly on the coastal regions.

"The delta in Guangdong is the perfect location for metropolises. Sustainable development in the delta will require more roads－the more, the better," he said.

He dismissed criticism that the bridge will only benefit Hong Kong, and said it will help the long-term integration of the entire Bay Area.

"If you only see the benefits to Hong Kong, you may only be talking about a 20-year time scale. If you foresee the future in 30 to 50 years, the bridge will be for the Bay Area as a whole. The further you look at the development, the better you will understand the significance of the bridge," he said.

Su Quanke, chief engineer of the Hong Kong-Zhuhai-Macao Bridge Authority, the operator of the bridge, said the structure will play a major role in China's development blueprint.

He added that at least five bridges will be needed to connect the western and eastern sides of the estuary and cope with the increase in traffic as the local economy expands.

"As the first physical connection across the Bay Area, the bridge will bring greater economic power to the region," he said.

The bridge will also straddle the differences between social systems.

The 14 years of preparatory work and construction of the structure have provided a wealth of cross-governmental experience, as the HZMB Authority cooperated with the governments of Guangdong, Hong Kong and Macao, according to Su, who said that experience could be spread across the entire Bay Area.

Su was a newly elected member of the 13th National Committee of the Chinese People's Political Consultative Conference at the recent two sessions.

He said the authority, as the first entity jointly founded by the mainland administration and the two Special Administrative Regions, could play a bigger role in future infrastructure projects in the Bay Area as a result of its experience of cross-governmental management and cooperation.

Lau Ching-kwong, a prominent bridge expert in Hong Kong, said the project is a testament to the positive exchanges in civil engineering and management concepts between Hong Kong, Macao and the mainland.

"The bridge has promoted cross-cultural and cross-background communication in the Bay Area," said Lau, a fellow of the Hong Kong Academy of Engineering Science and a former director of the city's Civil Engineering and Development Department.

Su Yi, head of the Working Group on Cross-boundary Policy Research for the HZMB Authority, hoped the cooperation between Hong Kong, Macao and Guangdong for the construction of HZMB will also boost the Bay Area's "software".

Greater exchanges

The key lies in knowing how to merge the region, according to Su Yi.

"The bridge will open a door for people from different political systems to have a greater exchange of thoughts and coordination," he said.

He added that the project will also promote similar exchanges and communication across the Bay Area in terms of capital, trade and policies, and winning people's hearts.

The blueprint for the Bay Area is part of the national development strategy put forward in the Government Work Report delivered by Premier Li Keqiang in March last year.

Similar to the San Francisco Bay Area in the United States, the strategy is designed to merge cities in the Pearl River Delta－such as Hong Kong, Macao, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing－into an integrated economic and business hub.

The bridge, one of the most important national infrastructure projects in recent years in the Bay Area, is expected to open in the second quarter, possibly in May or June, according to people familiar with the matter who spoke to China Daily in January.

 

[faithfulguy]

China is just warming up.

***

New bridge set to energize bay area economy and culture

(China Daily) 09:09, March 26, 2018

　

The 55-kilometer-long structure will connect Hong Kong on the east of the Pearl River Delta with Macao and Zhuhai on the west. [D.J. CLARK/CHINA DAILY]

The 55-kilometer-long structure will connect Hong Kong on the east of the Pearl River Delta with Macao and Zhuhai on the west, as He Shusi reports.

The opening of the Hong Kong-Zhuhai-Macao Bridge, the first road link to span the Pearl River Estuary, will provide a crucial boost to the development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to experts.

They said the improved connectivity will release the vitality of the regional economy and merge Hong Kong and Macao, two special administrative regions, with China's overall development.

The bridge will drive the expansion of the economy in the Greater Bay Area, according to Gordon Wu Yingsheung, chairman of Hopewell Holdings, an infrastructure and property developer in Hong Kong.

In 1983, Wu spotted the great potential of the manufacturing sector in the Pearl River Delta. Realizing that Hong Kong's limited market meant its development would be reliant on neighboring Guangdong province, he initiated the idea of building the link across the estuary.

At present, the economic development of cities on the eastern side of the delta, including Shenzhen and Huizhou, is surging, while west bank cities such as Zhuhai and Jiangmen lag behind.

Trade hub

By connecting Hong Kong with highways in Guangdong that run all the way to the Guangxi Zhuang autonomous region and the southwestern province of Yunnan, the bridge will consolidate the city's role as an international trading and air transportation hub, and accelerate development in Guangdong's western areas.

"If there is no developed transportation infrastructure, the economy will never soar," Wu told China Daily in an exclusive interview.

Hu Xijie, former deputy minister of transport, echoed Wu's opinion. He said the bridge will improve communication within the Bay Area, especially between cities in Guangdong, and with Hong Kong and Macao.

Hu believed the power of the bridge will be highlighted as the SARs further integrate into the country.

"The bridge is vital to the overall development of the Bay Area politically, economically and culturally," he said.

Construction of the world's longest sea-spanning project began at the end of 2009, and the 55-kilometer-long bridge-island-tunnel complex will connect Hong Kong on the east side of the delta with Macao and Zhuhai on the west.

The bridge cost about 120 billion yuan ($18.8 billion). Once operational, it will cut the journey time between Hong Kong and Zhuhai by car from four hours to less than 60 minutes.

City cluster

According to Lin Ming, chief engineer of the bridge's island and tunnel project, the bridge will promote the development of more urban areas within the Bay Area because China's urbanization process relies mainly on the coastal regions.

"The delta in Guangdong is the perfect location for metropolises. Sustainable development in the delta will require more roads－the more, the better," he said.

He dismissed criticism that the bridge will only benefit Hong Kong, and said it will help the long-term integration of the entire Bay Area.

"If you only see the benefits to Hong Kong, you may only be talking about a 20-year time scale. If you foresee the future in 30 to 50 years, the bridge will be for the Bay Area as a whole. The further you look at the development, the better you will understand the significance of the bridge," he said.

Su Quanke, chief engineer of the Hong Kong-Zhuhai-Macao Bridge Authority, the operator of the bridge, said the structure will play a major role in China's development blueprint.

He added that at least five bridges will be needed to connect the western and eastern sides of the estuary and cope with the increase in traffic as the local economy expands.

"As the first physical connection across the Bay Area, the bridge will bring greater economic power to the region," he said.

The bridge will also straddle the differences between social systems.

The 14 years of preparatory work and construction of the structure have provided a wealth of cross-governmental experience, as the HZMB Authority cooperated with the governments of Guangdong, Hong Kong and Macao, according to Su, who said that experience could be spread across the entire Bay Area.

Su was a newly elected member of the 13th National Committee of the Chinese People's Political Consultative Conference at the recent two sessions.

He said the authority, as the first entity jointly founded by the mainland administration and the two Special Administrative Regions, could play a bigger role in future infrastructure projects in the Bay Area as a result of its experience of cross-governmental management and cooperation.

Lau Ching-kwong, a prominent bridge expert in Hong Kong, said the project is a testament to the positive exchanges in civil engineering and management concepts between Hong Kong, Macao and the mainland.

"The bridge has promoted cross-cultural and cross-background communication in the Bay Area," said Lau, a fellow of the Hong Kong Academy of Engineering Science and a former director of the city's Civil Engineering and Development Department.

Su Yi, head of the Working Group on Cross-boundary Policy Research for the HZMB Authority, hoped the cooperation between Hong Kong, Macao and Guangdong for the construction of HZMB will also boost the Bay Area's "software".

Greater exchanges

The key lies in knowing how to merge the region, according to Su Yi.

"The bridge will open a door for people from different political systems to have a greater exchange of thoughts and coordination," he said.

He added that the project will also promote similar exchanges and communication across the Bay Area in terms of capital, trade and policies, and winning people's hearts.

The blueprint for the Bay Area is part of the national development strategy put forward in the Government Work Report delivered by Premier Li Keqiang in March last year.

Similar to the San Francisco Bay Area in the United States, the strategy is designed to merge cities in the Pearl River Delta－such as Hong Kong, Macao, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing－into an integrated economic and business hub.

The bridge, one of the most important national infrastructure projects in recent years in the Bay Area, is expected to open in the second quarter, possibly in May or June, according to people familiar with the matter who spoke to China Daily in January.

This area is 1/2 of Supa Powa economy. It’s doing great.

 

[TaiShang]

This area is 1/2 of Supa Powa economy. It’s doing great.

Indians are beatable in development. In fact, in many areas of development, India does not even figure out in China's calculations.

But SP12 is unbeatable in delusion and celebrating the projected results (5 years, 10 years into future) before launching and completing the project.