China Economy Forum

[visom]

So is this supposed to mean that Vietnam's economy, based on trade with China alone, will increase by $100b in 4 years? That's really difficult to believe.

 

[cirr]

That's quite a large amount. The current Vietnam GDP is 141.7 billion USD. I think the size of Vietnam economy has to expend quite a bit for trade to reach 100 billion.

USD 40 billion for the 1st 8 months of this year.

USD 60 billion possible for the whole of 2013.

That means that, in order for the goal of USD 100 billion be reached by 2017, annual increase of 14% for the next 4 years is enough for meeting the target.

Not a particularly tough order.

 

[Genesis]

So is this supposed to mean that Vietnam's economy, based on trade with China alone, will increase by $100b in 4 years? That's really difficult to believe.

not increase by 100 billion, it's not 0 right now.


But here's the deal, Vietnam is cheaper, a lot of chinese are closing factories in China to open them in Vietnam because of the vastly lower salaries.

Now we would not only still need those goods, now not being made in China, but we would need more of them as we get richer, so Vietnam will play an important role in getting us that good.

If we are to look at it this way, it's not particularly difficult to believe.

 

[Viet]

that is your wish, I remember

yes, more important than the sheer number is that we can export stuffs more to China. If $100bn, than it is ideal we export 50bn, and import 50bn.

That's quite a large amount. The current Vietnam GDP is 141.7 billion USD. I think the size of Vietnam economy has to expend quite a bit for trade to reach 100 billion.

VN´s official GDP is too low, if you compare our living standard, longevity, trade volume, public infrastructure, and other socio-ecomnomic data with other countries similar GDP per capita.

 

[Viet]

USD 40 billion for the 1st 8 months of this year.

USD 60 billion possible for the whole of 2013.
That means that, in order for the goal of USD 100 billion be reached by 2017, annual increase of 14% for the next 4 years is enough for meeting the target.

Not a particularly tough order.

I believe so. Despite sea tension, the CN-VN bilateral trade expanded between 20-30% per year.

 

[ChineseTiger1986]

Part of what has been holding back the development of new nuclear power plants in the UK is their enormous cost.

The government is refusing to finance these hugely pricey projects directly - although it will allow the owners of any new nuclear generators to charge well above the current market price for any power they produce in years and decades to come, so that the billions in development and construction costs can be recouped.

The big attraction for the chancellor of allowing Chinese companies to invest in Britain's nuclear industry is that they have deep pockets.

On his current trip to China, he has told the biggest Chinese nuclear companies they will in future even be able to own controlling stakes in British power stations, and not just small minority shares.

When you think about the history of nuclear power, it may be shocking to some that businesses and investors from Britain - whose scientists and engineers were pioneers in this technology in the early days - will not own the new generation of nuclear power plants, and they may instead belong to China's nuclear power giants (as well as to the French and Japanese).

The first of these deals with Chinese interests is expected to come next week, when the formal go ahead is expected for the construction of a new £14bn plant at the Hinkley C site in Somerset.

This project will be led by the French state-controlled giant, EdF, which has been looking for a partner or partners to share the costs.

I am told that EdF has been negotiating with three nuclear giants, CGN, CNNC and SNPTC. One or two of these is likely to end up owning perhaps 30% of Hinkley C.

George Osborne has met the bosses of all three of these companies, to give them comfort that he is keen for them to invest in British nuclear in general, and in Hinkley C in particular.

Hinkley C's technology will be French, that of Areva. And the capital, the money, will be French, and - it now turns out - probably Chinese too.

BBC News - Why the chancellor wants China to invest in UK nuclear

 

[cirr]

Published: Thursday, 17 Oct 2013 | 10:07 PM ET

China's gross domestic product (GDP) rose 7.8 percent in the third quarter on year, the National Bureau of Statistics reported on Friday, up from 7.5 percent in the previous three months.

Industrial output for September, released alongside the growth data, came in slightly higher than forecasts, with an increase of 10.2 percent from a year earlier.

Fixed asset investment grew 20.2 percent in the first nine months of 2013 from a year earlier, lower than expectations for growth of 20.3 percent.

Retail sales, meantime, were weaker than expected, rising 13.3 percent on year. Analysts had forecast a rise of 13.5 percent.

China GDP growth picks up to 7.8% in third quarter

 

[Chinese-Dragon]

Excellent news.

It's amazing that we can still grow at such speed, despite our base economic size being well over 8 trillion already.

 

[cirr]

Steady as it goes。

And China will be one of the first to benefit from any pickup in external conditions，be it from the so-called developed nations or the emerging ones。

 

[Cyberian]

Well done China. You never fail to amaze the world.

 

[ChineseTiger1986]

The GDP for the first nine months was 6.3 trillion USD, and i think the GDP for this whole year will be around 9.3 trillion USD.

 

[Krueger]

And almost 60% of China's GDP are made by American companies.

 

[Destro]

And almost 60% of China's GDP are made by American companies.

Provide a credible source for your claim please

 

[Cyberian]

... I am still waiting for a truck load of Indian analysts to find fudge in the GDP figures but they're not coming forward for some reason. Must be shy.

 

[Destro]

... I am still waiting for a truck load of Indian analysts to find fudge in the GDP figures but they're not coming forward for some reason. Must be shy.

Can't wait till the trollfest commences.

I'm ready to rumble