Weighing China’s Economic Scale Vs. Its Neighbors

[haidian]

We recognize China get some achievements but it's naive to judge the great achievement by GDP or GDP per capita.

The more the people get, the higher achievement a country reaches

In China we believe the other way around, the less people you have,the easier for you to be rich. All being Chinese , people in Hongkong, Macau, Singapore, Taiwan can score per capita high rankings much easier than their mainland cousins.

 

[BoQ77]

In China we believe the other way around, the less people you have,the easier for you to be rich. All being Chinese , people in Hongkong, Macau, Singapore, Taiwan can score per capita high rankings much easier than their mainland cousins.

So you would leave the huge market to others?

 

[haidian]

So you would leave the huge market to others?

That's a double edge sword, but luckily, China has both edges .lol

 

[Bussard Ramjet]

China's GDP essentially doubled between 2008 and 2014 in nominal dollar terms.

 

[BoQ77]

China's GDP essentially doubled between 2008 and 2014 in nominal dollar terms.

How much Chinese people could get from hundred million of Iphone exported ? Apple ?
What Apple get from dozen million of Iphone sold in China?

 

[haidian]

How much Chinese people could get from hundred million of Iphone exported ? Apple ?
What Apple get from dozen million of Iphone sold in China?

Average income grows faster than GDP, that's why Chinese became No.1 customers shopping all around the world.

 

[BoQ77]

Average income grows faster than GDP, that's why Chinese became No.1 customers shopping all around the world.

1. Yes to a small ratio of Chinese population

The average monthly income of China’s oversea travelers is RMB 11,512 (US$1,872), which is three times of the average income in mid-size and large-size Chinese cities in 2013.

2. Japanese, American, German, Korean ...spent average 2,500 - 3,000 dollars in Vietnam; the Chinese figures about 300-600 dollars.

 

[haidian]

1. Yes to a small ratio of Chinese population
2. Japanese, American, German, Korean ...spent average 2,500 - 3,000 dollars in Vietnam; the Chinese figures about 300-600 dollars.

Really? Where did you get the number? Or maybe only the poorest Chinese go to Vietnam?

Chinese Tourists Are Still The World’s Biggest Spenders | Red Luxury

Chinese travelers the world's biggest spenders - CNN.com

BBC News - The world's biggest spenders

 

[BoQ77]

Really? Where did you get the number? Or maybe only the poorest Chinese go to Vietnam?

Chinese Tourists Are Still The World’s Biggest Spenders Read more at: http://red-luxury.com/travel-tourism/chinese-tourists-are-still-the-worlds-biggest-spenders-24281 | Red Luxury

BBC News - The world's biggest spenders

The article said that only 5% of China hold passport.
5% of Chinese population could have average income multiple time to the remain, and they could spend big money.
And they put most of them to oversea shops.

For what:
Easy come easy go ( the money )
Genuine products
Luxury brand
Prove leverage
Good quality
Safety aspect
....

Those reasons told us much

 

[haidian]

The article said that only 5% of China hold passport.

If that's true it still makes the country having most outbound travelers and world's biggest spenders. something Vietnam would never dare to dream.

Last year more than 100 million Chinese people travelling abroad, they can't go without passports.

 

[BoQ77]

If that's true it still makes it the country having most outbound travelers and world's biggest spenders

The Macau casinoes become quieter when China starting the anti-corruption campaign, does it mean anything to you?

 

[haidian]

The Macau casinoes become quieter when China starting the anti-corruption campaign, does it mean anything to you?

No, what are you trying to say. with each passing year, more Chinese travelling abroad and spend more money. does this obvious fact mean anything to you?

 

[BoQ77]

No, what are you trying to say. with each passing year, more Chinese travelling abroad and spend more money. does this obvious fact mean anything to you?

It's good.

 

[IPen]

Economic Scale itself is very significant.It makes China become one of the most important markets in the world.This is why 99% of Alibaba's business are within China but it still experienced the biggest IPO in history.Also this situation has been benefiting us a lot in various commercial affairs.
Just get rid of those clowns especially the Viet troll.He is coming here to find flaws and make troubles.Every Chinese news is gonna hurt him unless it's bad news. Why is the China Collapse Theory prevalent?They just hope it desperately.lmao.

 

[TaiShang]

Alibaba’s Alipay users gift US$642M in cash to their buddies for Chinese New Year

Last night was Chinese New Year’s Eve, when the lunar new year festivities kicked off with family reunions, big dinners, fireworks, and red envelopes stuffed with cash. That last tradition is increasingly shifting online in China. Alibaba just revealed that users of its Alipay Wallet app sent a grand total of RMB 4 billion in cash, which is US$642 million, to their friends and family members during the 24-hour period of Chinese New Year’s Eve.

That’s up a great deal from RMB 200 million (US$32.1 million) gifted via Alipay during the full seven-day Chinese New Year holiday last year, explains a representative from Alibaba’s financial services subsidiary, Ant Financial, to Tech in Asia.

Alipay – which claims to have over 190 million users – first took the traditional red envelopes online in 2012. This year, Alipay Wallet users shared their cash gifts by issuing a 6 to 8-digit code, replacing the earlier method of using QR codes.

Battle for mobile wallet users
The annual gift-giving has turned into a repeated battle between Alibaba’s Alipay Wallet and Tencent’s WeChat (which has a WeChat Payment wallet feature) as the tech titans use the festivities as a way of bringing in new users to their mobile wallet services. Tencent has not yet issued any data about what went on yesterday.

Alibaba founder and chairman Jack Ma joined in the cash giveaways on Alipay Wallet by handing out 999,999 red envelopes to random users. The company didn’t indicate how much money that involved. Ironically, Jack Ma didn’t give out Chinese New Year bonuses to Alibaba employees this year, instead indicating in a post on his Weibo page that the “reason for not distributing red envelopes is that in the past year, Alibaba Group has not had exceptional results and not had any special surprises.” He added that Alibaba’s record-breaking IPO was not reason enough for bonuses, and he cautioned staffers “not let ourselves be lost in illusory fame.”