China's 2019 GDP was $14.34 trillion

[Han Patriot]

They might have made it 6% from 3%. China is expert in that. Chinese government had infleted GDP by 900 bn usd. The thread is here on PDF.

Modi is better it seems. Lol

 

[newb3e]

They might have made it 6% from 3%. China is expert in that. Chinese government had infleted GDP by 900 bn usd. The thread is here on PDF.

https://www.reddit.com/r/path%3D%252Fr%252Fgeopolitics%252Fcomments%252Fepl69h%252F

 

[Viva_Viet]

Read Michael Pettis to see how China comes up with these GDP numbers. They come up with a GDP target and local governments go into debts to hit that GDP number. The level of debt in China is staggering. It’s a giant Ponzi scheme.

Thats true, CN economy is so terrible under Trump's tariff now. The bosses can not pay 600usd/month for Cnese workers anymore and have to employ foreign workers that accept 350-400usd/month and thats make million Cnese r becoming jobless ( living cost in CN is abt 450 usd/month now, so they cant work if salary is lower than 550usd).

Million Cnese workers lost job and they r very angry at Beijing govt now, chaos and color revolt is coming so close to CN

 

[beijingwalker]

He changed the Chinese constitution ,now theres no 2 term limits. @beijingwalker chinese members know better

It doesn't mean he would neccesarily stay beyond his two terms, many say he alter the law for Wangqishan, the Chinese vice president , no one knows what will really happen untill that date, we can wait and see.

 

[Dungeness]

If you still think China's GDP was "doctored up", here is something educational for you.


2018 Commodity Consumption: China vs The World.

https://www.valuewalk.com/2018/03/chinas-staggering-demand-commodities-infographic/

 

[beijingwalker]

If you still think China's GDP was "doctored up", here is something educational for you.


2018 Commodity Consumption: China vs The World.

View attachment 600220

https://www.valuewalk.com/2018/03/chinas-staggering-demand-commodities-infographic/

That's why I say the only GDP that is being greatly bloated and hyped is US's.

 

[Dungeness]

That's why I say the only GDP that is being greatly bloated and hyped is US's.

US is just one of many.

 

[Mista]

That's why I keep saying Xi should go this year, China needs a new generation of younger leaders.

Yes, I remembered the year wrong, but anyway he should leave when his two terms over.

Xi is correct to rein in the debt though, even if that caused a dramatic slowdown in the Chinese economy. China's economic growth under Hu, especially after the Global Financial Crisis, is unsustainable and too reckless.

China's GDP growth

2007: 14.2%
2008: 9.7% [Global Financial Crisis]
2009: 9.4%
2010: 10.6%
2011: 9.6%

2012: 7.9% [Xi takes office]
2013: 7.8%
2014: 7.3%
2015: 6.9%
2016: 6.7%

2017: 6.9%
2018: 6.6%
2019: 6.1%

 

[PeacefulWar]

Xi is correct to rein in the debt though, even if that caused a dramatic slowdown in the Chinese economy. China's economic growth under Hu, especially after the Global Financial Crisis, is unsustainable and too reckless.

China's GDP growth

2007: 14.2%
2008: 9.7% [Global Financial Crisis]
2009: 9.4%
2010: 10.6%
2011: 9.6%

2012: 7.9% [Xi takes office]
2013: 7.8%
2014: 7.3%
2015: 6.9%
2016: 6.7%

2017: 6.9%
2018: 6.6%
2019: 6.1%

My biggest concern is Xi trying to go back to the the state company economy.
He is trying to suppress private companies and support state companies.
That's end of China miracle.

 

[+4vsgorillas-Apebane]

Under Xi the quality of growth has improved significantly and corruption has been curtailed.

With 5G, A.I and quantum science breakthroughs in China the future looks bright.

Less reliance on toys, plastics and socks and more on rockets, computers and universities.

 

[Mista]

My biggest concern is Xi trying to go back to the the state company economy.
He is trying to suppress private companies and support state companies.
That's end of China miracle.

I remember reading before that Xi is interested in Singapore's state-capitalist model, where SOEs are infused with private capital which operates on market principles and allows it to be transparent and efficient. Part of the profits then goes back to the state for fiscal spending every year, instead into the pockets of many billionaires in many other countries.

Singapore’s relationship with China is special not only because Mr Lee Kuan Yew (and Singapore) have contributed to China’s modernisation, but also because he (and Singapore) have helped the world, particularly the West, and China to understand each other.

No leader appears to be as candid as Mr Lee; he often reminded China how to integrate itself into the world. At times, his comments ruffled feathers, particularly among the younger generation of Chinese. But China’s leaders understand that Mr Lee’s comments were in its interest.

In the same way, Mr Lee helped the West to understand China. Since Deng, the West has frequently dismissed China’s growth and its sustainability. Mr Lee would tell the Americans and Europeans that China’s growth was indeed real. He often cautioned the US against underestimating China and trying to contain this rising power. Because of his innate understanding of China, Mr Lee’s views were sought and closely listened to by other world leaders.

Former US Secretary of State George Shultz once said: “He (Mr Lee) didn’t just go see leaders in Beijing. He was able to travel in the country and see people in all sorts of occupations and age levels, so he is a very penetrating observer ... I found that very valuable to listen to what he had to say, as we tried to formulate in the US how we would approach China.”

Today, China is an important player on the world stage and its leaders can talk directly to other world leaders everywhere. But Chinese leaders continue to appreciate Singapore’s view on the world. As then Vice-President Xi Jinping told Mr Lee during the 2008 Beijing Olympic Games: “We will need you for a long time. I have been to Singapore, I know what you have and our people want to learn. We get more from you than from America.”

2014

2019

29:25

 

[Stranagor]

China's Fixed-Asset Investment up 5.4 Pct in 2019

XINHUA
DATE : JAN 17 2020/SOURCE : XINHUA

China's Fixed-Asset Investment up 5.4 Pct in 2019

(Yicai Global) Jan. 17 -- China's fixed-asset investment (FAI) increased 5.4 percent year on year in 2019, 0.2 percentage points higher than the level recorded in the first 11 months, the National Bureau of Statistics (NBS) said Friday.

The FAI amounted to 55.15 trillion yuan (8.02 trillion U.S. dollars) last year, according to the NBS.

In December alone, the FAI went up 0.44 percent from November.

Investment in high-tech industries registered an outstanding growth of 17.3 percent year on year in 2019, with the FAI in high-tech manufacturing and service sectors up 17.7 percent and 16.5 percent, respectively.

Private investment grew 4.7 percent to 31.12 trillion yuan last year.

In breakdown, the investment in the primary industry gained 0.6 percent last year, compared with a 0.1 percent decrease in the first 11 months. The investment in the secondary industry went up by 3.2 percent, while the investment in the tertiary industry expanded 6.5 percent in 2019.

***

China's Retail Sales up 8 Pct in 2019

XINHUA
DATE : JAN 17 2020/SOURCE : XINHUA

China's Retail Sales up 8 Pct in 2019

(Yicai Global) Jan. 17 -- China's retail sales of consumer goods, a major indicator of consumption growth, rose 8 percent year on year in 2019, the National Bureau of Statistics (NBS) said Friday.

Sales of the consumer goods totaled some 41.16 trillion yuan (about 5.99 trillion U.S. dollars) last year. In December, the indicator rose 8 percent year on year.

Retail sales in rural areas rose 9 percent, outpacing the 7.9-percent expansion in urban areas.

***

China's Industrial Output Expands 5.7 Pct in 2019

XINHUA
DATE : JAN 17 2020/SOURCE : XINHUA

China's Industrial Output Expands 5.7 Pct in 2019

(Yicai Global) Jan. 17 -- China's value-added industrial output, an important economic indicator, expanded 5.7 percent year on year in 2019, slowing from 6.2 percent growth in 2018, official data showed Friday.

The growth rate was higher than that in the first 11 months of 2019, according to the National Bureau of Statistics (NBS).

In December alone, China's industrial output expanded 6.9 percent year on year, up 0.7 percentage points from November.

China's industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual business turnover of at least 20 million yuan (about 2.8 million U.S. dollars).

In a breakdown by ownership, the output of state-holding enterprises climbed 4.8 percent in 2019, that of joint-stock companies went up 6.8 percent, and that of overseas-funded enterprises rose by 2 percent.

The production and supply of electricity, thermal power, gas and water reported a year-on-year increase of 7 percent in 2019, the fastest among the three major sectors, which also include mining and manufacturing.

Manufacturing output rose 6 percent year on year, while mining output edged up 5 percent, the NBS said.

Industrial structure continued to improve last year, with production in high-tech manufacturing industries and strategic emerging industries expanding by 8.8 percent and 8.4 percent, respectively.

Online sales continued to report robust expansion, with a year-on-year increase of 16.5 percent to top 10 trillion yuan in 2019, NBS data showed.

***

China's Social Financing Jumped 14% to USD3.7 Trillion in 2019

TANG SHIHUA
DATE : JAN 16 2020/SOURCE : YICAI

China's Social Financing Jumped 14% to USD3.7 Trillion in 2019

(Yicai Global) Jan. 16 -- China's total social financing, a broad gauge of credit and liquidity in the economy, climbed about 14 percent to CNY25.6 trillion (USD3.7 trillion) last year. That was CNY3.08 trillion more than in 2018.

The increase in December alone was CNY2.1 trillion, money supply data released by the People's Bank of China showed today, topping the average CNY1.6 trillion forecast of chief economists surveyed by Yicai Global.

Total social financing includes off-balance sheet types of financing outside the traditional banking system, including initial public offerings, loans from trust companies and bond sales, according to the website of data compiler Trading Economics.

The government introduced TSF, or non-governmental financing, in 2011 to better measure liquidity rather than just relying on money supply figures. It has helped the leadership supervise fundraising, with the government expanding liquidity in the real economy last year against a backdrop of slowing global growth.

The PBOC will include bonds issued by the national government and general debts from local governments into the calculation of aggregate non-governmental financing from now on, and integrate it with previous local governments' special bonds into the category of governmental bonds, the central bank added.

New yuan loans surged to CNY16.81 trillion last year, including about CNY1.14 trillion in December, the PBOC said. The chief economists surveyed by Yicai Global expected a figure of CNY16.84 trillion for 2019 and CNY1.14 trillion for December. They see new loans rising to CNY18.17 trillion this year.

In recent years, new yuan loans have increased year by year, with the PBOC's annual data showing that new lending amounted to CNY16.2 trillion in 2018, CNY13.5 trillion in 2017 and CNY12.7 trillion in 2016.

The central bank also said that at the end of December, the balance of yuan loans stood at CNY153.11 trillion, a 12.3 percent year-on-year increase, while the balance of broad money M2 stood at CNY198.7 trillion, an annual increase of 8.7 percent.

https://yicaiglobal.com/news/china-social-financing-jumped-14-to-usd37-trillion-in-2019

***

India?

 

[GS Zhou]

If you still think China's GDP was "doctored up", here is something educational for you.


2018 Commodity Consumption: China vs The World.

This list could be further expanded, for example:
- China produces 40% of the civil marine vessels of global total
- China produces >80% of the large naval battleships (10 large destroyers launched by China in 2019)
- China produces 1/4~1/3 of the passenger vehicles globally
- China produces 1/3 of the construction equipment globally
- China produces 1/3 of the trucks and buses globally

But China's GDP is only 15% of global total. Interesting.

 

[PeacefulWar]

I remember reading before that Xi is interested in Singapore's state-capitalist model, where SOEs are infused with private capital which operates on market principles and allows it to be transparent and efficient. Part of the profits then goes back to the state for fiscal spending every year, instead into the pockets of many billionaires in many other countries.



2014

2019

29:25

It highly depends on how the government can restrain itself from meddling the market.
I have zero confidence on China gov about this.

The best way for China is free market competition.
Almost all the successful China companies(mean can compete outside of China) in last 2 decades are private companies.

 

[leviathan]

It highly depends on how the government can restrain itself from meddling the market.
I have zero confidence on China gov about this.

The best way for China is free market competition.
Almost all the successful China companies(mean can compete outside of China) in last 2 decades are private companies.

There's tons of state company dominating in the world. such as CRRC... i dont want waste time on this.