In 7 years, the China story’s over

[Abingdonboy]

Well I'm sure this will be only a decade or two long after that polcies of this time where one-child rules are laxed will come into play.

 

[cirr]

In 7 years，China's economy will be larger than the US's， 5-6 times Japan's and continue to grow between 6-7% annually for the coming 10-20 years。

Those who ill-wish China will find themselves very old men by the time China‘s growth is slowed down to an annual average rate of 5%。

CHINA'S TRADE NUMBERS CRUSH EXPECTATIONS

08 Feb. 2013

China Trade Tops Forecasts in Holiday-Distorted Month: Economy - Bloomberg

 

[jbond197]

troll thread..

 

[chinapakistan]

8 years ago, it was said in 10 years and there is still 2 years left now, but they changed their prediction again. I predict china will over at the time she is. I think I must be the most accurate predictor. ^_^

 

[cirr]

China's drive for military modernization has hardly scratched the surface。

The expansion of the military industry alone will probably add 0。5-1% to the overall GDP growth rate。

Looking to the years when annual defence budget exceeds 1 trillion US dollars。

 

[ashok321]

Here is some copy paste:

VK: Sure, the growth you see today in China is there, but it’s not a sustainable growth. It’s not a growth that you’ll see a few years from now. That is an important point for readers to understand.

TCR: Why is it not sustainable?

VK: Because the growth is being induced by government spending, by a misallocation of capital.

I’ll give you an example. The vacancy rate on commercial real estate in China is fairly high, but they still keep on building new office buildings because they think they will always grow. So therefore as long as they keep building, that activity will be registered as growth, until they stop. And when they do stop, they’ll drown in overcapacity, and they won’t be building new skyscrapers for a very long time.

TCR: We read that note you sent about the South China Mall, which is pretty stunning. It’s the second largest mall in the world but is mostly empty.

VK: That’s right. But as outrageous an example as the South China Mall is, there’s an even more outrageous example – namely that the Chinese built an entire city, Ordos, in Inner Mongolia for 1.5 million residents and it is completely empty. These are classic examples of the sort of excesses going on in China.

Ordos, China: A Modern Ghost Town - Photo Essays - TIME

Ordos - a ghost town.

 

[scorpionx]

Neither China nor India's story is going to be over because both these countries have too many surprises for this world.

 

[OrionHunter]

huh, interesting words from a person comes from a nation full of even cheaper hands, but what happens to your economy?

 

[Viet]

China's drive for military modernization has hardly scratched the surface。
The expansion of the military industry alone will probably add 0。5-1% to the overall GDP growth rate。
Looking to the years when annual defence budget exceeds 1 trillion US dollars。

1 trillion US dollars annually for the army? Do you want to scare the US?
They will not be amused to hear that.

As for Vietnam, we will need some sorts of Chinese wall along the common border.

 

[Fsjal]

This is a troll thread. Can someone Delete it please

 

[rcrmj]

Here is some copy paste:




VK: That’s right. But as outrageous an example as the South China Mall is, there’s an even more outrageous example – namely that the Chinese built an entire city, Ordos, in Inner Mongolia for 1.5 million residents and it is completely empty. These are classic examples of the sort of excesses going on in China.

Ordos, China: A Modern Ghost Town - Photo Essays - TIME

Ordos - a ghost town.

give you a dollar for every 'ghost city' you can find in China, and at the end day you get one dollar
but give you a dollar for every disgusting city you find in India, and you become a millioniar```thats the reality kid, you have mental magnet for stupid western propaganda stuff``well`you know stupidiy goes with stupidity

 

[ashok321]

give you a dollar for every 'ghost city' you can find in China, and at the end day you get one dollar
but give you a dollar for every disgusting city you find in India, and you become a millioniar```thats the reality kid, you have mental magnet for stupid western propaganda stuff``well`you know stupidiy goes with stupidity

Both sources are from the best in the world:

Forbes and Times.....

You have no moral leg to stand upon, if you discredit these sources.

And yes, image is worth 1000 words...lol

 

[JohnyD]

Yeah sure, get one and take two, that's pretty smart!
btw, would you mind telling me about how you indians use your cheapest hands?

better you stick to the points raised in the article...dont worry about India hands...dont use the typical chinese mentality in every thread...

seems you are not willing to talk abt the article...

 

[Wombat]

Most of what is said in the article is true , However its bit dramatic with the prediction of crash and in 7 yr China is over is B/S ,

yes population age and Lewis turning point is a problem , but there is no hard written evidence this will bring down a countries economy , with proper economic polices you can still achieve fantastic results.

off course it will be hard to achieve past sweet double digit growth and economic cycle of growth and slowdown will be the new norm.

its may be possible china (8.2 trillion) will come close or surpass the US (15.6 trillion) in nominal GDP ( a very big climb), but i don't believe it will be economic power house as what United States is now for a long while.

yes there is plenty of over investment and large debt, most of which might end up in default, but the Chinese govt has been working hard for the past 2 yrs to control these issue.

 

[S10]

Every year since 2000, they have been saying the same thing. It's been more than a decade. Here is how the story will go: China surpasses United States as the largest economy in 2030, and as the largest military power in 2060.

better you stick to the points raised in the article...dont worry about India hands...dont use the typical chinese mentality in every thread...

seems you are not willing to talk abt the article...

Well perhaps you should save your typical Indian mentality and mind your own country's problems.