medium-developed country within a decade and enter the ranks of the advanced countries in 25

[Adam WANG SHANGHAI MEGA]

Towards the last decade of being developed country, the era of economic leap in China has come

Most economists have estimated that China will become a medium-developed country within a decade and will enter the ranks of the advanced countries in 25 years.

China | Economic Forecasts | 2017-2020 Outlook
This page has economic forecasts for China including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the China economy.
https://tradingeconomics.com/china/forecast

 

[dy1022]

Too bad and too late, Supa Powan 2012 is much better and much ahead of China.

 

[Han Patriot]

Yup we are behind India now since we can only become moderately well off by 2025.

 

[lonelyman]

Yup we are behind India now since we can only become moderately well off by 2025.

2012 Supa Powa often says we need work harder, or else Shanghai will catch up with Mumbai in 10 years.

 

[dy1022]

2012 Supa Powa often says we need work harder, or else Shanghai will catch up with Mumbai in 10 years.

Only 10 years ? are you sure about that???

 

[faithfulguy]

2012 Supa Powa often says we need work harder, or else Shanghai will catch up with Mumbai in 10 years.

The quote below must be from a fanatic PDF troll. Definitely not an educated Indian or any politician.

"When we talk of a resurgent Asia, people think of the great changes that have come about in Shanghai. I share this aspiration to transform Mumbai in the next five years in such a manner that people would forget about Shanghai and Mumbai will become a talking point"

 

[MultaniGuy]

lol, India is no match for China.

China will certainly transform Asia.

 

[Adam WANG SHANGHAI MEGA]

Yup we are behind India now since we can only become moderately well off by 2025.

Too bad and too late, Supa Powan 2012 is much better and much ahead of China.

I get you bro, but Laughing at indians doesn't make us a developed country

 

[faithfulguy]

I get you bro, but Laughing at indians doesn't make us a developed country

We just admire the Indian Supa Powa aspiration. I enjoy their quotes, their movies... I believe many Indian trolls in here are politicians or writers and directors in Bollywood.

 

[Cybernetics]

I like the down to earth approach towards development. Doing real things on the ground, whether the action is praised or dismissed by others is irrelevant. Developing countries need leaders that are willing to do real things.

I think in terms of general economic development China will look similar to other East Asian countries like South Korea and Japan, due to being part of the same regional supply chain, similar historical culture, although with its own characteristics.

In the next 5-7 years, the coastal cities and provinces will have similar nominal per capita GDP to today's South Korea. Some cities like Shenzhen ($26,000 nominal, $46,849 PPP) will take just 2 years even if the growth rate slows from its current 9%. There are regions in China that have already surpassed South Korea in per capita GDP but I won't count them since they are mainly commodity extraction zones like Ordos ($33,344 nominal, $59,920 PPP).

For China's coast to reach today's Japan level of nominal gdp per capita would be around 10-15 years.

South Korea 2017
Nominal GDP: $29,730
PPP GDP: $39,446

Japan 2017
Nominal GDP: $42,860
PPP GDP: $38,281

In PPP terms China's coast will surpass South Korea and Japan per capita in 2-5 years but the purchasing power of individuals is not the concern here. The important measure is how competitive China's industrial system is with its regional neighbours, as measured in nominal GDP. While PPP more concerns the availability of production.

The PPP and nominal gap will rapidly close if China furthers along its economic liberalisation plan, which was stalled in pursuit of a strong innovation economy before its faced with intense global competition.

The rate of China's industrial catch up surprises me a lot. I used to think China's industrial competitiveness would take another 10 years to catch up with SK but since a few years ago many industries are starting to over lap.

South Korea's industry won't decline because of China, it just means greater competition. SK and China will be competing in the same industries in overseas markets.

Japan will start to feel pressure in 5-10 years when China's auto, parts suppliers (tier 2-3), optics, aerospace, and biotech ramps up. Although I still think Japan will offer greater competitiveness in food processing, game development, and music industry among others.

China will eventually pass the era of rapid infrastructure building but I hope it never stops developing. New technologies in communications and infrastructure is a continuous development.

 

[Adam WANG SHANGHAI MEGA]

I like the down to earth approach towards development. Doing real things on the ground, whether the action is praised or dismissed by others is irrelevant. Developing countries need leaders that are willing to do real things.

I think in terms of general economic development China will look similar to other East Asian countries like South Korea and Japan, due to being part of the same regional supply chain, similar historical culture, although with its own characteristics.

In the next 5-7 years, the coastal cities and provinces will have similar nominal per capita GDP to today's South Korea. Some cities like Shenzhen ($26,000 nominal, $46,849 PPP) will take just 2 years even if the growth rate slows from its current 9%. There are regions in China that have already surpassed South Korea in per capita GDP but I won't count them since they are mainly commodity extraction zones like Ordos ($33,344 nominal, $59,920 PPP).

For China's coast to reach today's Japan level of nominal gdp per capita would be around 10-15 years.

South Korea 2017
Nominal GDP: $29,730
PPP GDP: $39,446

Japan 2017
Nominal GDP: $42,860
PPP GDP: $38,281

China will eventually pass the era of rapid infrastructure building but I hope it never stops developing. New technologies in communications and infrastructure is a continuous development.

I like the down to earth approach towards development. Doing real things on the ground, whether the action is praised or dismissed by others is irrelevant. Developing countries need leaders that are willing to do real things.

I think in terms of general economic development China will look similar to other East Asian countries like South Korea and Japan, due to being part of the same regional supply chain, similar historical culture, although with its own characteristics.

In the next 5-7 years, the coastal cities and provinces will have similar nominal per capita GDP to today's South Korea. Some cities like Shenzhen ($26,000 nominal, $46,849 PPP) will take just 2 years even if the growth rate slows from its current 9%. There are regions in China that have already surpassed South Korea in per capita GDP but I won't count them since they are mainly commodity extraction zones like Ordos ($33,344 nominal, $59,920 PPP).

For China's coast to reach today's Japan level of nominal gdp per capita would be around 10-15 years.

South Korea 2017
Nominal GDP: $29,730
PPP GDP: $39,446

Japan 2017
Nominal GDP: $42,860
PPP GDP: $38,281

China will eventually pass the era of rapid infrastructure building but I hope it never stops developing. New technologies in communications and infrastructure is a continuous development.

Surprisingly the PPP of Jap is lower than its Nominal GDP per capita which indicate that ordinary people are not as happy as the jap gov told!
I heared that jap surprised when Chineses talking about buying apples,pears in boxes and kilos while Jap in single unit.

China 2017
(estimated only)
Nominal GDP: $ 9151
PPP GDP: $16,298

 

[Mista]

What's India got to do with this? You guys need to stop the sarcasm and the dissing of Indians in every thread. It reeks of arrogance and complacency.

It's unhealthy and brings no benefit other than the self gratification arised from being ahead of the Indians.

 

[Cybernetics]

Surprisingly the PPP of Jap is lower than its Nominal GDP per capita which indicate that ordinary people are not as happy as the jap gov told!
I hear jap surprised when chiense talking about buying apples,pears in boxes and kilos while Jap buy fruit in single unit.

China 2017
(estimated only)
Nominal GDP: $ 9151
PPP GDP: $16,298

In the real economic world the thing that drives the quality of life is production (up till a point) and the other element is how its distributed, everything else is ornamental. You can make a plump and beautiful apple $50 and be packaged nicely, marketed attractively, picked from the finest tree, in the end of the day its just an apple. If you care about nutrition and substance the same unrefined $0.10 apple will do the job, if its not as big buy two, still cheaper. Production of food in general, vegetables and fruits in particular is deeply ingrained in Chinese culture. Where ever Chinese people go they plant vegetables. China produces 50-60% of world vegetables and 30% of fruits by different reports. 农业大国

But for Japan I must say its a smart strategy to adapt to their environment and shortcomings. They lack land for agricultural production and very protective of their agricultural industry. Making commodities expensive through marketing will help make more money for their farmers but not good when it comes to standard of living.

China produces half of worldwide vegetables and 30% of fruit:
http://www.freshplaza.com/article/1...-worldwide-vegetables-and-30-procent-of-fruit

http://www.nhregister.com/connectic...s-of-Yale-students-grow-a-garden-11349050.php

 

[Mista]

Surprisingly the PPP of Jap is lower than its Nominal GDP per capita which indicate that ordinary people are not as happy as the jap gov told!
I hear jap surprised when chiense talking about buying apples,pears in boxes and kilos while Jap buy fruit in single unit.

China 2017
(estimated only)
Nominal GDP: $ 9151
PPP GDP: $16,298

Nominal GDP being higher than PPP has nothing to do with the reflection of happiness or whatever their government tells them. It simply means price levels in Japan are higher than in the US.

Fruits are exceptionally expensive in Japan because of trade protectionism and their obsessive standards for quality of fruits. They throw away what doesn't meet their quality and sell only what they deem acceptable. They could easily compromise on the standards for freshness and import fruits from the Philippines for cheaper fruits.

https://www.quora.com/Why-are-fruits-so-expensive-in-Tokyo-Japan

http://thepeakmagazine.com.sg/gourm...KE-WATERMELON--650-000-YEN--S-7-900--The-blac

Making commodities expensive through marketing will help make more money for their farmers but not good when it comes to standard of living.

That's why I don't believe in trade protectionism in general terms. There are people like Trump who look at trade only from the perspective of a producer but ignore the perspective of a consumer. The standard of living of a consumer may be invisible and not reflected on paper, but it's real and tangible.

 

[Mista]

Arrogance? You need to remind that to Indian and not Chinese. Credit need to give to the due but some want to claim when it will never achieved so. Worst, they talk down on the one better than them to make them self good. Even Japanese get beaten by Chinese in some area will admit and give credit. Not Indians. They are extremely ignorant and truly live in their own world. Absolutely distasteful.

If what you're saying is true that they are an ignorant and arrogant bunch who believe they are superior, so what? Is the thread about India in the first place? Is it necessary to bring in India in every thread? Do you feel good to bash India at every opportunity?

This sub-section is about China and the Far East but it seems like India is mentioned in almost every thread.