China Economy: News & Discussion

[Azaad]

China had already caught up and passed the US in total economic output many years ago. We see it in the consumption of everything from pork to cars to $2000 handbags. China buys more of everything than the US. And China has done this while it is still a developing immature economy with many more decades of growth.

India today still trails China in consumption for everything and by a huge margin. For example, China buys nearly 10 times more cars (and far more expensive cars -- Tata sells 80 TIMES more Landrovers and Jaguars in China than India.)

I think India has great future but the comparsion between China-US and India-China makes little sense.

China is a bigger economy than the US by most measures and makes and consumes more than the US. It is ahead or at least on par by most measures.

India on the other hand consumes a 1/10th of what China does.

So in effect what you're saying is China's still going to experience double digit growth rates in it's GDP from here till say 2049 the centenary year of CCP founding the PRC like how it did for the most part of the previous 40 yr old growth story , isn't it?

Perhaps like always you didn't completely get what I put out there because of Baidu translate.

Comparing China and India by Economy - StatisticsTimes.com

Comparing economic statistics between China and India. China vs India by GDP, GDP per capita and GDP growth rate.

statisticstimes.com

 

[Azaad]

I think cars illustrates China, USA and India the best. Last year China sold almost twice as much cars as the US. And China has a commanding lead on the cars of the future. China's top selling models are EVs which China controls the entire supply chain for.

View attachment 204551

China is a much bigger economy than the US by most measures.

India trails the China by many multiples and it is worse if you compare the types of cars it buys. Just as Tata sells 80 times more Landrovers/Jaguars in China so does Mercedes Benz and BMW.

China has more real wealth and consumes FAR more than the US. India consumes a 10th of China does across most measures.

It is easier for India to catch up to the US than China

The very fact that an Indian company Tata from a developing country India is selling a premium brand of cars in China whereas an already advanced country like China is yet to have a substantial presence in India in terms of conventional automobiles leave alone EV should be embarrassing for a developed country like China.

China is also the largest producer of steel in the world by a very wide margin. Explains all those ghost cities & the BRI projects including CPEC.

 

[SexyChineseLady]

China is unlikely to do double digit growth again with such a huge economy but it will grow at mid to high single digits to get caught up in per capita income. But overall economy is gaining far more in actual terms. Five something percent growth at $19.5T is a $1T. Ten percent growth at $4T (China in early 2000s) is $400B.

Besides, China's double digit growth is an anomaly. India had never done it. It is not a given that any other country outside East Asia would do it since China grew with investment and integration from the East Asian eco-system:

Vietnam is the closest mirror of China (just like China was a mirror of Japan, Korea, Taiwan) and this is their rate of growth:

Vietnam has a smaller economy which allows for a higher percentage of growth and far more manufacturing investment of the same type that fueled China's growth. High is around 7 to 8 percent which is very good! But not double digit.

It is very unlikely India will beat Vietnam's growth rate. I won't say never but I cannot see any real drivers in India. Vietnam has real drivers in the mass FDI and movement of the supply chains from China.

 

[SexyChineseLady]

What other country is doing this? Maglev will become like HSR with only China being able to build and afford this technology in a widespread way:

 

[Blademaster]

China had already caught up and passed the US in total economic output many years ago. We see it in the consumption of everything from pork to cars to $2000 handbags. China buys more of everything than the US. And China has done this while it is still a developing immature economy with many more decades of growth.

India today still trails China in consumption for everything and by a huge margin. For example, China buys nearly 10 times more cars (and far more expensive cars -- Tata sells 80 TIMES more Landrovers and Jaguars in China than India.)

I think India has great future but the comparsion between China-US and India-China makes little sense.

China is a bigger economy than the US by most measures and makes and consumes more than the US. It is ahead or at least on par by most measures.

India on the other hand consumes a 1/10th of what China does.

I call this nonsense because most of the figures you have been citing have been proven to be false or wrong or based on incorrect data. So I decline to take your assertions at face value.

 

[SexyChineseLady]

I call this nonsense because most of the figures you have been citing have been proven to be false or wrong or based on incorrect data. So I decline to take your assertions at face value.

EVERYTHING I post is correct and backed by statistics. You just don't like the message

Let's not bother with India for now. China uses more steel than the rest of the world combined, uses more than twice as much electricity as the US and buys almost twice as many cars as the US.

How can China possibly not be the largest economy in the world by a wide margin?

It is. People are just ignoring it in plain sight. Including Chinese themselves because China likes its developing status -- especially during trade negotiations

 

[KurtisBrian]

EVERYTHING I post is correct and backed by statistics. You just don't like the message

View attachment 204627
Let's not bother with India for now. China uses more steel than the rest of the world combined, uses more than twice as much electricity as the US and buys almost twice as many cars as the US.

How can China possibly not be the largest economy in the world by a wide margin?

It is. People are just ignoring it in plain sight. Including Chinese themselves because China likes its developing status -- especially during trade negotiations

price per car. How much money/wealth is spinning around in the economy?

China 4x the US population buys 2x number of the autos.

googled average car price China, average vehicle price US
US $49k in 2023?
China $23.53k in 2023?

if those are the average prices then
Americans spent $670 billion on autos
Chinese spent $554 billion on autos
so much closer if we use $ value.

electricity consumed....Chinese have 4x the population and use 2x the electricity. What was electricity used on?

No doubt China is powerful and getting more powerful but US is top dog for a reason. US is crazy rich, highly advanced and can bring the thunder anywhere.

 

[SexyChineseLady]

price per car. How much money/wealth is spinning around in the economy?

China 4x the US population buys 2x number of the autos.

googled average car price China, average vehicle price US
US $49k in 2023?
China $23.53k in 2023?

if those are the average prices then
Americans spent $670 billion on autos
Chinese spent $554 billion on autos
so much closer if we use $ value.

electricity consumed....Chinese have 4x the population and use 2x the electricity. What was electricity used on?

No doubt China is powerful and getting more powerful but US is top dog for a reason. US is crazy rich, highly advanced and can bring the thunder anywhere.

China buys three times as many Mercedes as the US. Twice as many BMW.

China as a whole can afford more expensive cars than the US. The top selling models in China in 2022 are EVs which on PPP valuation would be over $50000 on average (average Tesla in the US is $50 to 60K.)

China simply buy more cars and actually more advanced models than the US. Ask the Germans.

That said, the US is richer per capita and it will take China time to catch up. But in total aggregate, its economy is already much bigger than the US.

A country that makes and buys more cars, uses more electricity and more steel than the US cannot possibly be the smaller economy.

 

[rockdog]

price per car. How much money/wealth is spinning around in the economy?

China 4x the US population buys 2x number of the autos.

googled average car price China, average vehicle price US
US $49k in 2023?
China $23.53k in 2023?

if those are the average prices then
Americans spent $670 billion on autos
Chinese spent $554 billion on autos
so much closer if we use $ value.

electricity consumed....Chinese have 4x the population and use 2x the electricity. What was electricity used on?

No doubt China is powerful and getting more powerful but US is top dog for a reason. US is crazy rich, highly advanced and can bring the thunder anywhere.

From another angel, the number of cars in China reached 320 million by 2022, and the number of cars owned by 1,000 people is about 226. Basically, every family has a car.

It is predicted that the saturation point of vehicles per thousand people in country is 400-450 vehicles, and the Chinese auto market still has a long period of rapid development.

I think developed nations like US or EU, every 1,000 people have 500-550 cars?

It also means China is about to reach the entry of developed nation on this point.

 

[srevster]

From another angel, the number of cars in China reached 320 million by 2022, and the number of cars owned by 1,000 people is about 226. Basically, every family has a car.

It is predicted that the saturation point of vehicles per thousand people in country is 400-450 vehicles, and the Chinese auto market still has a long period of rapid development.

I think developed nations like US or EU, every 1,000 people have 500-550 cars?

It also means China is about to reach the entry of developed nation on this point.

There are more cars than people in the us

 

[SexyChineseLady]

From another angel, the number of cars in China reached 320 million by 2022, and the number of cars owned by 1,000 people is about 226. Basically, every family has a car.

It is predicted that the saturation point of vehicles per thousand people in country is 400-450 vehicles, and the Chinese auto market still has a long period of rapid development.

I think developed nations like US or EU, every 1,000 people have 500-550 cars?

It also means China is about to reach the entry of developed nation on this point.

China is a middle-income country on the cusp of high income.

Income in China rises far faster than GDP growth which is why China as a consumer market will grow even more dominant as the population grows wealthier.

 

[SexyChineseLady]

The chips world is about to change.

China is manufacturing 1 billion chips a day for its own consumption and will double that within 3 years.

This summer will see the first industrial scale, multi-billion dollar photonic IC fab open in Beijing. Much faster and much cooler than electronic chips, photonic chips are made with 100% Chinese IP and indigenous tooling.

 

[SexyChineseLady]

Photonics is just one, graphene is another to get pass the limits of silicon:

This will be like EV versus ICE in autos. China is setting up the supply chains for the future technology of computer chips.

 

[SexyChineseLady]

China pivots very fast!

 

[srevster]

 

[RoaringTigerHiddenDragon]

The overall economy has caught up and surpassed the US.

China builds more and consumes more.
View attachment 204567

But it is still a developing country so China needs to catch up per capita.

That will take a long time. But it also means China will grow for a long time.

The key is China is already on par or passing the developed world in many areas of technology and science even now.

What happens when China is fully developed with per capita income on par with Shanghai or Hong Kong country-wide? Patents will likely triple or quadruple from today.

Did you apply the 30% discount? No one, not even the Chinese, believe the Chinese economy is anywhere near the US GDP. At best the Chinese gdp is half of US GDP.

 

[RoaringTigerHiddenDragon]

What other country is doing this? Maglev will become like HSR with only China being able to build and afford this technology in a widespread way:

How does Maglev decrease the youth unemployment which is in double digits now or reduce the poverty levels of dirt poor 500 million+ Chinese? Show off, vanity projects to demonstrate that you have beaten the west is an old commie trick that did not work in the past and will not work now. China has a structural (not a temporary) economic problem now and it cannot get out of that easily. Mass employment based economy is gone and the bad debts from mortgage bust is making millions of Chinese poorer while the CCP is busy financing vanity projects and party bosses still siphoning off millions and escaping abroad.

 

[RoaringTigerHiddenDragon]

This is the way the CCP has massively built show off/vanity cities. By recruiting poor peasants from rural areas and then not paying them. Despite all the glitzy cities and ghost towns built, Chinese peasants continue to stay dirt poor and have become poorer now. This is why Chinese gdp numbers are fake - massively overestimated.

 

[RoaringTigerHiddenDragon]

If you thought Chinese could not stoop to a new low for humanity, you thought wrong. They did it again. Does this happen in any other country, even insane, dictatorial countries?
Youth unemployment in China is massive leading people to do some really crazy things in the name of making money. LoL.

@SexyChineseLady are you an influencer by any chance? Your behavior is very similar to these creatures.

 

[RoaringTigerHiddenDragon]

For all the Chinese growth claims, the number of Chinese asylum seekers caught at the US-Mexico border has skyrocketed. Any of these CCP officials @SexyChineseLady ?