China Economy Forum

[FairAndUnbiased]

Lol, Is that only you live in US? Grow up.

Asus/XPS along with Alienware (On top) from Dell is leading the pack here in performance.

Business is very much on Dell, not to mention that BB is long gone and replaced by iPhones in businesses where Lenovo is zilch. Dells have been cheaper for a long time now, its not because they are not good machines but because of the business model they adopted. They basically handed IBM and now Lenovo their asses in the consumer and business arena. (laptop / Desktop Market)

who told you that Asus was leading the pack lol? got any benchmarks? Gartner Says Worldwide PC Shipments Declined 9.5 Percent in Second Quarter of 2015

 

[Raphael]

Justin Yifu Lin: China may join the ranks of high income countries in five years - People's Daily Online

Justin Yifu Lin, renowned economist and a professor of Peking University, said that China may rank among high income countries in 2020, when attending the First Great Minds China Forum and the founding conference of Beijing Contemporary Economics Foundation on Sept. 12 in Beijing, Beijing News reported.

Lin said that Chinese mainland may rank among high income countries in 2020. Following South Korea and China's Taiwan province, Chinese mainland will be the world’s third economy that has ascended from low-income economy to middle-income economy and further to high-income economy.

According to the data released by the National Bureau of Statistics, China's per capital GDP was 6,767 USD in 2013, and the figure was 7,575 USD in 2014, representing a growth of 12 percent.

However, not all the developing countries can maintain such a growth rate. Lin also pointed out that many developing countries are facing problems such as low income or the middle-income trap.

According to Lin, from 1950 to 2008, only 13 middle-income economies ascend to high-income economies, among which 8 are west European countries or oil producing countries. And the rest five are Japan and the so-called "Four Asian Tigers" in 1970s and 1980s.

"The average growth of per capita GDP in developed countries is 2 percent. If the growth of per capita GDP of a developing country doesn't exceed 2 percent, it can't narrow the gap with developed countries," Lin said.

In Lin's point of view, the per capita GDP growth of developing countries is very unsatisfactory. So far, he hasn't seen any developing countries that adopt mainstream Western development theories achieve success.

 

[AndrewJin]

When will China embrace SNA2008?
And what's the impact of SNA2008 on current GDP number?
@Yizhi @Shotgunner51 @TaiShang @rugering @Stranagor @cirr @Keel @Jlaw @Place Of Space @FairAndUnbiased @zeronet @Raphael @sweetgrape @Edison Chen @Chinese Bamboo @Chinese-Dragon @cnleio @+4vsgorillas-Apebane @onebyone @yusheng @Kyle Sun @dy1022 @Beast @YoucanYouup @terranMarine @ahojunk @kuge @Arryn @Economic superpower @Beidou2020 @cirr @JSCh @jkroo @Pangu @ChineseTiger1986 @powastick et al


[SIZE=5]System of National Accounts 2008 (SNA08) - Main Changes[/SIZE]
The changes in the international standards which have the most significant impact on the level of GDP relate to the delineation of investments.

According to SNA 2008, expenditures on research and development and weapons systems (warships, submarines, military aircraft, tanks, etc.) are now included in gross fixed capital formation, i.e. investments. This is recognition of the fact that expenditures on these items provide long-lasting services to businesses, non-profit institutions, and the governments who use them. It increases the level of GDP across time, but the impact on GDP growth rates will generally be minor (as can be seen in countries who have already implemented SNA 2008).

Moreover, in situations like this when changes in international standards are actually implemented in the national accounts, countries tend to take advantage of the unique situation and make changes to improve all their compilation methods - therefore also implementing various improvements in sources and estimation methodologies. It is important to underline that the impact of the latter “statistical benchmark revision” could be higher than the impact of the changeover in standards. For example, the Netherlands increased their level of GDP by 7.6 % for 2010, but only 3 percentage points are related to the implementation of the SNA 2008.

[SIZE=3]Australia implemented the SNA08 in 2009, Canada in 2010, Israel, Mexico and the United States in 2013.

All European Union member states as well as Korea, Iceland, Norway, Switzerland and New Zealand implemented the SNA08 in 2014.

Therefore since end of 2014, all OECD countries except Chile, Japan and Turkey, publish GDP estimates according to the SNA08.

Turkey plans to implement SNA08 by the end of 2015, whereas Chile and Japan will adopt the new standards in 2016.

[ATTACH=full]256962[/ATTACH] [/SIZE]

 

[cirr]

China is determined not to be labeled as the world's largest economy for at least the next 10 years。

So。。。

 

[Place Of Space]

China is determined not to be labeled as the world's largest economy for at least the next 10 years。

So。。。

Shouldn't be the largest in the next 100 years. Keep as humble as possible.

Data is not an important thing, citizens' living standard is more important.

 

[AndrewJin]

China is determined not to be labeled as the world's largest economy for at least the next 10 years。

So。。。

Better to not use SNA2008?

 

[cirr]

Better to not use SNA2008?

I am for the adoption of SNA2008 as early as possible but officials in high places may think and decide otherwise。

If I remember correctly，2015 was originally meant to be the first year when China's GDP would be calculated using the new standard。

 

[+4vsgorillas-Apebane]

I think it should be kept as a trump card. Once the economy slows to under 5 percent growth, then apply it to make things look more rosy.

I learned this from our Indian comrades.

 

[AndrewJin]

I am for the adoption of SNA2008 as early as possible but officials in high places may think and decide otherwise。

If I remember correctly，2015 was originally meant to be the first year when China's GDP would be calculated using the new standard。

Yes, I started to find those SNA2008 promotion articles in late 2013.
But no matter which is used, the economy is there, unchanged.

China Economic Watch | China’s New GDP Measurement: Impact on Growth, Income, and Productivity
China’s R&D expenditures as a % of GDP

 

[SamantK]

who told you that Asus was leading the pack lol? got any benchmarks? Gartner Says Worldwide PC Shipments Declined 9.5 Percent in Second Quarter of 2015

With this news you basically compare the sales in all segments, business performance etc..

If you are in US ask a power user or one who is planning to buy a laptop for performance, he will not even consider Lenovo. We look at Asus/XPS or on the higher end Alienware, of course they don't sell as much as Lenovo which mediocre users use.

Don't bring statistics just for the sake oif it

 

[Jlaw]

Shouldn't be the largest in the next 100 years. Keep as humble as possible.

Data is not an important thing, citizens' living standard is more important.

Exactly. India can say their GDP growth is 9% but reality on the street tell a different story.

I think it should be kept as a trump card. Once the economy slows to under 5 percent growth, then apply it to make things look more rosy.

I learned this from our Indian comrades.

I hope Li Kekiang is make note of it.

 

[Jlaw]

So far, he hasn't seen any developing countries that adopt mainstream Western development theories achieve success.

 

[Speeder 2]

J
So far, he hasn't seen any developing countries that adopt mainstream Western development theories achieve success.
.

Obviously Justin is wrong.

India is a super-developed country following democracy, because according to Modi ji India supapawa will have white servants by 2020.

 

[Keel]

China-made large container vessel delivered in Shanghai
English.news.cn 2015-09-12 20:40:50

Crew of the container ship "Zheng He" pose for photo at the Shanghai Waigaoqiao Shipbuilding Co Ltd in Shanghai, east China, Sept. 12, 2015. Built in Shanghai, an new 18,000-TEU container ship named after Chinese famous voyager Zheng He was delivered to its French charterer, the CMA CGM, on Saturday. (Xinhua/Chen Fei)


SHANGHAI, Sept. 12 (Xinhua) -- A large container ship produced by Shanghai Waigaoqiao Shipbuilding Co., Ltd. was delivered to leading French container shipping group CMA CGM on Saturday in Shanghai.

The 18,000-TEU container ship, designed by China State Shipping Corporation, is the largest China has ever made, the producer said. The vessel is named "Zheng He" after the famous ancient Chinese navigator, and its deck is as large as four soccer fields.

The ship is a seventh-generation container ship, manufacturing of which has long been monopolized by the Republic of Korea.

Shanghai Waigaoqiao Shipbuilding Co., Ltd. said it is preparing for the construction of 20,000-TEU container ships.

The first vessel CMA CGM Vasco de Gama was delivered on July 27 as followed:

China-Made Largest Containership Delivered

On July 27, after 490 days’ manufacturing, CMA CGM group in Marseilles, France, received a gigantic delivery of a containership named CMA CGM Vasco de Gama from China State Shipbuilding Corporation (CSSC).

The 18,000 TEU containership is the largest one China has ever built. Designed by CSSC’s No. 708 Research Institute, CMA CGM Vasco de Gama is 399.2 meters in length, 54 meters in width, and 30.3 meters in molded depth. It is the size of over 4 standardized football fields, and has a the transport capacity of over three 18,000-ton bulk carriers. It has a service speed of 22.2 knots.

China-Made Largest Containership Delivered - People's Daily Online

 

[Luca1]

Obviously Justin is wrong.

India is a super-developed country following democracy, because according to Modi ji India supapawa will have white servants by 2020.

You Chinese will always lose to India when it comes to bragging or exaggerating achievements.