2014 World GDP Rank: 1 U.S, 2 PRC, 3 Japan

[AndrewJin]

They do have big manufacturing out put as world bank data reveals even though still lower than Indonesia. Australia is also good in agriculture product (considering their land). With good education system there, it is a hint that they do have big service sector as well.

In general, Australia GDP is increasing so fast after your country and also India grow so fast economically. The current growth maybe not as high as before, but they do benefits from your growth since 2000 ( the moment where oil price is increasing that is followed by commodities price). China is a major trading country for Australia.

Super pit, Kalgoorlie, WA

 

[Shotgunner51]

@ahojunk @Indos @AndrewJin

China is the largest trading partner for Australia, which is a export superpower in iron ore and agricultural products. Other top partners of Australia are also industrialized powerhouses high complimentary to Aussie economy e.g. Japan, EU27, US and South Korea.

Other than massive trade, China invest hugely in Australia especially after 2008 financial crisis (reaching US$ 16 billions in 2008 when asset prices are cheap), mostly in mining, followed by oil/gas, renewable energy.

Australia imports machinery, industrial goods and consumer goods from China (followed by Japan, US, Germany), a typical symbiotic trade relationship between industrialized and resources-rich countries, a win-win partnership for both.

 

[Shotgunner51]

For PDF members here, people might have a wrong impression that China is only focused on investing in South Asia. While the investment in South Asia might be big (mostly infrastructure), actually China invests even more in resources-driven economies, from 2005-2010 Australia is top destination for Chinese non-bond (loan) investment

In the post-2008-financial-crisis period, China continue to massively scale up investment to boost resources export in many countries (exporting to China), top in this category include Australia, Central Asia, Russia, Canada, Latin America, Sub-Sahara Africa, Indonesia and MENA countries.

 

[Bobby]

It is bad for Asia that 3 powerhouse ..China Japan and India are not together.....

 

[Aepsilons]

@Indos
Here has a official data map about First Quarter of 2014 defferent sectors in China GDP ... it's about manufacturing sector seized 35% GDP (1st biggest), service sector seized 20%(2nd biggest),retail sector seized 10.1%, financial sector seized 7.2%, real estate sector seized 6.9%, agriculture forest & husbandry seized 6.1%, construction sector seized 5.0%, transportation & logistics sector seized 5.4%.


View attachment 216327

Hehe. It also helps knowing that Japan offshore close to 50% of our manufacturing to China, some to ASEAN. Think about bro, over 4500 Japanese companies are offshored in China; mostly manufacturing facilities.

It is bad for Asia that 3 powerhouse ..China Japan and India are not together.....

Friend ,

it's a market economic structure. As for your statement it couldn't be farther from the truth. There are over 4500 Japanese companies in China, we employ hundreds of thousands , millions of Chinese, at the same time the Chinese experience has improved our lean leadership principles and processes, enabling Japanese management to learn from this China experience when applying it to foreign projects.

Second, the trade between Japan and China (including Taiwan, HK, Macai) is well over $400 Billion (USD), nearing $500 Billion. That is the largest trade relationship in Asia.

So you tell me whether or not China and Japan is not cooperating. LOL.

 

[AndrewJin]

Hehe. It also helps knowing that Japan offshore close to 50% of our manufacturing to China, some to ASEAN. Think about bro, over 4500 Japanese companies are offshored in China; mostly manufacturing facilities.





Friend ,

it's a market economic structure. As for your statement it couldn't be farther from the truth. There are over 4500 Japanese companies in China, we employ hundreds of thousands , millions of Chinese, at the same time the Chinese experience has improved our lean leadership principles and processes, enabling Japanese management to learn from this China experience when applying it to foreign projects.

Second, the trade between Japan and China (including Taiwan, HK, Macai) is well over $400 Billion (USD), nearing $500 Billion. That is the largest trade relationship in Asia.

So you tell me whether or not China and Japan is not cooperating. LOL.

China-Japan relation is of course the most important in Asia. Those who work won't bark, a nature of East Asians.

 

[Hamartia Antidote]

Yay for the USA!

 

[Shotgunner51]

Hehe. It also helps knowing that Japan offshore close to 50% of our manufacturing to China, some to ASEAN. Think about bro, over 4500 Japanese companies are offshored in China; mostly manufacturing facilities.





Friend ,

it's a market economic structure. As for your statement it couldn't be farther from the truth. There are over 4500 Japanese companies in China, we employ hundreds of thousands , millions of Chinese, at the same time the Chinese experience has improved our lean leadership principles and processes, enabling Japanese management to learn from this China experience when applying it to foreign projects.

Second, the trade between Japan and China (including Taiwan, HK, Macai) is well over $400 Billion (USD), nearing $500 Billion. That is the largest trade relationship in Asia.

So you tell me whether or not China and Japan is not cooperating. LOL.

Absolutely, Japan is a formidable powerhouse. People might have overlooked the fact that other than economic activities within its sovereign borders, after the Plaza Accord huge Japanese investment massively goes worldwide, mostly to US, and others including China.

While we were learning East Asian Model (东亚模式) in CCP Central Academy (中央党校), there is a simple rule of thumb in evaluating strength of Japan: Whatever figures you find inside Japan, add one more outside.

Backed by numerous core techs at home, and massive worldwide investments, rather than being called a "tech/manufacturing powerhouse" like Germany, South Korea, Japan is in fact in a whole new league of being the one and only "silent" superpower which only pales to the US in contemporary military scale (not tech). China is huge in many counts, fast in development, however in terms of comprehensive strength it will still take quite a long time to catch up with a debt-stricken and demographically-divided US, let alone Japan.

 

[Aepsilons]

China-Japan relation is of course the most important in Asia. Those who work won't bark, a nature of East Asians.

Now we need to improve relations not just economic but strategic and defense cooperation. It's only natural.

 

[ahojunk]

@ahojunk The number of Australia is really big given her small population!

@AndrewJin
Yes, life is pretty good in Australia! Let's hope it stays that way.
But, housing costs have gone up substantially in all the major cities.

@ahojunk @Indos @AndrewJin

China is the largest trading partner for Australia, which is a export superpower in iron ore and agricultural products. Other top partners of Australia are also industrialized powerhouses high complimentary to Aussie economy e.g. Japan, EU27, US and South Korea.

Other than massive trade, China invest hugely in Australia especially after 2008 financial crisis (reaching US$ 16 billions in 2008 when asset prices are cheap), mostly in mining, followed by oil/gas, renewable energy.

Australia imports machinery, industrial goods and consumer goods from China (followed by Japan, US, Germany), a typical symbiotic trade relationship between industrialized and resources-rich countries, a win-win partnership for both.

View attachment 216369

@Shotgunner51
A big chunk of Australia's trade with China is iron ore. We just dig it up and ship it off to China, there is no value add.
Nothing to be proud of. Also the price of iron ore lately is in the doldrums. The iron ore is not going to last forever.
.

 

[Jlaw]

This is the real ranking.
Chinese members here, don't get delusional of where we are and pls work harder. Self-content is the most dangerous mentality.
And also our manufacturing value-added per capita is relatively small. There is distance and there is room for growth.
View attachment 216318

We have a lot of opportunity for growth and improvement . 7% growth for the next 10 years is achievable.

@Shotgunner51 He knows a lot about service sector.

Service sector are low in value added index. Manufacturing is always the highest. Nuff said. China need to focus on using primary, secondary and tertiary method to build a product from home and ship it abroad. That is high on the value added list.

Well ... seriously, im not good at the economy, but i can try to search the data of China manufacturing sector.

Now in China the manufacturing sector is the 1st biggest, service sector is the smallest but P.M Li's government try to improve our service business ... so next years i think China will fouse on developing service sector inside China.

premier Li is going about the wrong way. China's manufacturing is not close to Japan in value added category and he want to introduce low paying service sector. Our manufacturing may be the biggest in the world, but can you find out how we rank in manufacturing for high tech products? Not merely assembling high tech products like Iphone.

 

[cnleio]

premier Li is going about the wrong way. China's manufacturing is not close to Japan in value added category and he want to introduce low paying service sector. Our manufacturing may be the biggest in the world, but can you find out how we rank in manufacturing for high tech products? Not merely assembling high tech products like Iphone.

As far as i knew, now HuaWei is the N.o1 manufacturer in 3C communication field ... China smartphone also sell well although behind Apple.

 

[nair]

The table reminds me of last year formula 1 season Rosberg and Hamilton having a race of their own and rest of the 20 drivers fighting among themselves far away from the top 2

@Abingdonboy

 

[WAR-rior]

The Indian patriots on this forum will crucify you for this kind of comment. Perhaps you should join their refrain: "Nominal GDP is bullshit, only PPP matters"?

Nominal GDP is bullshit - For internal consumption consumer based economy coz internal wealth circulation matters the most

PPP is bullshit - For export based economies whose wealth increase depends upon how many efforts they have done outside their country.

Now tell me why is your country wanting to become a consumer based economy?

 

[cnleio]

Hehe. It also helps knowing that Japan offshore close to 50% of our manufacturing to China, some to ASEAN. Think about bro, over 4500 Japanese companies are offshored in China; mostly manufacturing facilities.

"Made in China" or "Made in PRC" sell back to Japan market, bro ! It's like Panasonic's toilet clean device, except the Japanese brand, rests made by Chinese engineers & skilled workers in SuZhou city.

Last news i read, the funny thing is due to anti-China sentiment in Japan ... now Japan stores sell "Made in PRC" to replace "Made in China".

@AndrewJin
Yes, life is pretty good in Australia! Let's hope it stays that way.
But, housing costs have gone up substantially in all the major cities..

Sure, as same as our house costs in China cities ... recent years increased more than twice time.