China Economy Forum

[Chinese-Dragon]

If you don't like our GDP figures, then why don't you check actual hard indicators like electricity consumption or oil consumption, which correlate with GDP.

http://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption

The reason why you don't, is because those hard indicators suggest that Chinese GDP is actually far higher than the official numbers.

 

[Sashan]

If you don't like our GDP figures, then why don't you check actual hard indicators like electricity consumption or oil consumption, which correlate with GDP.

List of countries by electricity consumption - Wikipedia, the free encyclopedia

The reason why you don't, is because those hard indicators suggest that Chinese GDP is actually far higher than the official numbers.

Can you be clear - who are you addressing your post to? And wikipedia is your source.

 

[China_Rising]

Can you be clear - who are you addressing your post to? And wikipedia is your source.

I love it when people use this predetermined response to someone using Wikipedia as a source. It's like you guys have a hard time thinking independently.

Wikipedia is not in and of itself a source, but Wikipedia DOES link to the source that she uses to display certain information.

Get it? So if someone uses Wikipedia as a source, as long as there are links *within* Wikipedia to corroborate the information presented, than yes, Wikipedia is fine.

 

[Sashan]

I love it when people use this predetermined response to someone using Wikipedia as a source. It's like you guys have a hard time thinking independently.

Wikipedia is not in and of itself a source, but Wikipedia DOES link to the source that she uses to display certain information.

Get it? So if someone uses Wikipedia as a source, as long as there are links *within* Wikipedia to corroborate the information presented, than yes, Wikipedia is fine.

It can be prepared by the CIA or what not(as is done here) but the question itself is the source of the CIA numbers for China.

 

[China_Rising]

Beijing, Aug 15:

China has soared almost to the top of the world’s economic league tables, but whether the official data underpinning its status can be trusted is a constant headache, analysts say.

Simmering unease regarding China’s economic figures has taken on new meaning in recent months with discrepancies in some statistics and questions over just how much gross domestic product is really growing.

There is a really good way to find out how real China is. Take a look at some pictures. One can only laugh at such news articles.

I had an Indian once tell me that he believes China's real GDP figure is not $8.2 trillion (as is officially reported), but is closer to $3 trillion! I asked him to divide that amongst the population to see what the per capita number would be; $2,200 per person! So the average Chinese person is apparently about as poor as the average Indian!

The fact of the matter is, my friend, China's GDP is a very conservative figure. There are many predictions garnering much attention within the econ policy community, which posit that the GDP figures are off by at least 50%. China's GDP could already have surpassed the US within the last year or so.

No doubt, India's is probably also under-counted. All developing countries with very low accountability are usually highly under-counted.

It can be prepared by the CIA or what not(as is done here) but the question itself is the source of the CIA numbers for China.

If you're going to question the numbers from even the CIA (which aren't exactly known as the loudspeaker for the CPC), then you'd probably have to question this article from "The Hindu Business Line", and pretty much EVERY other source on the planet.

Seeing as how this is boring and inefficient, let's just resort to using sources that are widely considered to be accurate.

 

[darkhero]

There is a really good way to find out how real China is. Take a look at some pictures. One can only laugh at such news articles.
.....

Indians will simply tell you pictures are just propaganda from CCP.

 

[Okemos]

Why the heck are you guys responding to those Indian trolls? Man, this site is now suddenly filled with Chinese economy collapse news by Indian members.

Whether China is growing at 1% or 10% is not India's business and concern, also whether Chinese government is doctoring data or not is none of India's business. China doesn't need Indian trolls' approval. China can fake its data as it sees fit and I actually encourage this as long as it has beneficial effects. Who the heck cares about GDP data.

Of course, I would also suggest that Chinese members should refrain from posting Indian economy collapse news, unless you live in India or you are doing business in India.

 

[China_Rising]

Why the heck are you guys responding to those Indian trolls? Man, this site is now suddenly filled with Chinese economy collapse news by Indian members.

Whether China is growing at 1% or 10% is not India's business and concern, also whether Chinese government is doctoring data or not is none of India's business. China doesn't need Indian trolls' approval. China can fake its data as it sees fit and I actually encourage this as long as it has beneficial effects. Who the heck cares about GDP data.

Of course, I would also suggest that Chinese members should refrain from posting Indian economy collapse news, unless you live in India or you are doing business in India.

Fair enough. We should keep separate from these people.

 

[shuttler]

TCL net profit surged 122% in H1

chinadaily.com.cn
Updated: 2013-08-16 16:16 By Meng Jing ( chinadaily.com.cn)

D33 SERIES 40"/101CM
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E43 SERIES 42"/107CM
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China's TV maker TCL Corp reported its net profit rocketed 122.2 percent year-on-year to 1.07 billion yuan ($175 million) in the first half of this year.

As well as its surging growth in net profit, TCL's interim report released on Aug 15 showed the company's revenue jumped 31.5 percent year-on-year to 39.06 billion yuan between January and June.

The Shenzhen-based China Star Optoelectronics Technology, a subsidiary of TCL, contributed most of the company's growth in the first half.

CSOT :55” Full HD FPR (Film Pattern Retarder) 3D LED TV Module

CSOT: 55” Full HD Shutter Glasses 3D LED TV Module

CSOT: 110” World's largest 4K2K LED TV Module


CSOT, the largest liquid crystal display panel maker in the Chinese mainland and the fifth-largest in the world, reported 6.82 billion yuan in revenue with profit reaching 890 million yuan in the first half. With the full integration of 4K technology into CSOT, TCL also expects "explosive growth" in its 4K television business in the second half.

The television sector, which is TCL's largest business sector by revenue, showed steady growth in the first half. According to the company's financial report, revenue from the television sector increased 20.3 percent year-on-year to 16.02 billion yuan in the first half.

Statistics from DisplaySearch, a leading global market research and consulting firm, showed that the total shipment of TCL televisions ranked third in the world in the first three months of the year.

 

[shuttler]

Mongolia in the making: Chinese investment there

http://www.chinadaily.com.cn

Updated: 2013-08-16 10:41 ( cntv.cn)


You don't have to travel far in Mongolia to see Chinese investment. The new sports stadium by the airport? It's here, thanks to China. The Mongolian Chamber of Commerce building? A gift. And downtown's Central Place tower -- with its luxury shops below and upscale offices above -- built using Chinese construction. That's not all.

Watch the video in this link

"The Chinese have invested heavily in infrastructure, especially the energy sector. For example, hydropower and thermal-power projects." Bolormma Luntan, Editor of Mongolian Mining Journal said.

Roughly half of all foreign direct investment in Mongolia now comes from China. As its large, consuming neighbour, China now accounts for three quarters of all of Mongolia's economic activity. 90 percent of all out-bound Mongolian goods go directly to China. It wasn't always like that. Historically, Russia was Mongolia's main backer.

"If you look closely at tracks here, you might notice that the gauges - the space between the rails - are quite wide, like in all of Mongolia, and like in most former Soviet satellite states. They're built to Russian-standards. Chinese gauges are more narrow, in line with international standards. That means that trains travelling the Mongolia-China route have to make a long stop at the border and have their wheels adjusted. That's both logistically difficult, and expensive."

And thus a hot debate here. Land-locked Mongolia wants sea-access for its resource extracts but how should it build new rails? Economist Mogi Badral believes all new China-bound tracks should match China's rail to boost rail export.

"If you force mining companies to use wider-gauges to export to China, it'll be more expensive than building, of course, a narrow gauge." Munkhdul "Mogi" Badral, Economist said.

He says, that's not sustainable in the long-run. And warns, as Chinese invest more here, a better cheaper solution to getting its return out will have to be found. Roee Ruttenberg, CCTV, in Mongolia.

 

[antonius123]

It can be prepared by the CIA or what not(as is done here) but the question itself is the source of the CIA numbers for China.

Could you understand bellow?

With almost the same amount of population, chinese could afford 10x smart phones than indian.

 

[shuttler]

Wimbledon Women's Doubles Champions Peng Shui and Hsieh Su-wei (Chn/Chn Tpe)(3rd seed) win at WTA Cincinnati Final by beating the 6th seed A Groenefeld / K Peschke (Ger/Cze) in a tight 3-setter:| 2 - 6 | 6 - 3 | 12 - 10 |

Congratulations!

Credit: WTA Tennis @ Cincinnati

Credit: Tennisforum.com
Hsieh (L) and Peng - lifting the 2013 Wimbledon's trophies last month


The pair also won at WTA - Rome in May, 2013

Credit: Tennisforum.com

 

[cirr]

Foxconn on mass recruitment in China, puts 'robot' plan in question

Summary: Foxconn reportedly is on a recruitment drive to hire over 90,000 workers in China, putting into question its previous plan to deploy 1 million robots by 2014.

By Liu Jiayi for View from China | August 19, 2013

Foxconn reportedly is looking to recruit more than 90,000 workers for its Shenzhen factory, putting more question marks on the company's previous plan to deploy 1 million robots by 2014.

According to a Yi Cai report Friday, the Taiwanese electronics manufacturer is beefing up its pool of skilled workers. It cited a staff at Foxconn's Shenzhen recruitment center who declined to be named: "We are keeping things very low-key during this recruitment drive."

The latest development follows another massive recruitment exercise for its inland factory in Zhengzhou earlier this year, which seems to contradict Foxconn CEO Guo Taiming's plan to replace manpower by installing 1 million robots across its factories.

"There are huge hurdles if Foxconn wants to push forward its 1 million robot plan," a robotics technology provider for Foxconn noted in the Yi Cai report. He estimated Foxconn probably installed fewer than 100,000 robotic pieces since Guo shared his vision for factory automation in 2011, with plans to increase the company's robot count by 100-fold from 10,000 to 1 million by 2014.

The source from Foxconn said the company needed more time to push forward the automation process and, for the time being, would choose the comparatively cheap labor in mainland China as its first choice.

Foxconn on mass recruitment in China, puts 'robot' plan in question | ZDNet

 

[sms]

Foxconn on mass recruitment in China, puts 'robot' plan in question

Summary: Foxconn reportedly is on a recruitment drive to hire over 90,000 workers in China, putting into question its previous plan to deploy 1 million robots by 2014.

Despite the amazingly high revenue and income Foxconn still behaves a typical small medium size Taiwan company. The working atmosphere is quite tense and have very regimental structure undermining many things.

They are not shining beacon or corporate practices. They may not pass litmus test of moral police but they are successful and that might be the only thing it matters today.

 

[StarCraft_ZT]

Despite the amazingly high revenue and income Foxconn still behaves a typical small medium size Taiwan company. The working atmosphere is quite tense and have very regimental structure undermining many things.

They are not shining beacon or corporate practices. They may not pass litmus test of moral police but they are successful and that might be the only thing it matters today.

Hello SMS, may I know what is your job in China? Or sector...if you don't want leak you personal infor