How have developing Asian economies fared in 2013 (calendar year)?

[dbc]

China has policy changes to slow down intentionally to pursue high quality growth now. It is now in a different stage now.

Policy changes to slow down? Name one state policy instituted in 2013 to deliberately slow down the economy. There is no policy change to slow down growth, there is state acceptance or tolerance for lower growth rate. Before calling someone an idiot you should critically examine your own post.

 

[ephone]

Calling you an idiot is a compliment to an idiot like you.

Let me give you one example: government takes measures to control the money flow from banks to real estate developers, add measures to curb the real estate markets, and etc, in this way, curb the growing of real estate markets to cool the market down.

I hope you do not ask me how government take measures to control the money flow???

Policy changes to slow down? Name one state policy instituted in 2013 to deliberately slow down the economy. There is no policy change to slow down growth, there is state acceptance or tolerance for lower growth rate. Before calling someone an idiot you should critically examine your own post.

 

[dbc]

Calling you an idiot is a compliment to an idiot like you.

Let me give you one example: government takes measures to control the money flow from banks to real estate developers, add measures to curb the real estate markets, and etc, in this way, curb the growing of real estate markets to cool the market down.

I hope you do not ask me how government take measures to control the money flow???

So you don't know the difference between a policy and a measure.

A policy is a principle or rule to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol.

Measure is an action taken as a means to an end; an expedient.

I ask again what policy did China make in 2013 to reduce GDP growth?

 

[CorporateAffairs]

Source please

 

[ephone]

Are you really that dumb???

Policy example: Rein in lending (just like I describe above)
If you want to have those policy in print, ask the China government for it.

Other policy example: set up rules for government usage related to automobile, dining, high-end club and etc => so as to rein in government related overspending in high-end automobile, clubs and etc to curb corruption... => such will also have an effect to curb growth in certain extent, especially in consumption in certain high growing areas...

I really have no interest to serve these kind of low intelligent nuts.

So you don't know the difference between a policy and a measure.

A policy is a principle or rule to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol.

Measure is an action taken as a means to an end; an expedient.

I ask again what policy did China make in 2013 to reduce GDP growth?

 

[Cyberian]

According to tradingeconomics.com, the last two quarters of growth (i.e. starting from Jan 1. 2013) for some Asian countries:

China: 7.9, 7.7
Philippines: 7.1, 7.8
Indonesia: 6.1, 6.0
Sri Lanka: 4.8, 6.3
Malaysia: 6.5, 4.1
Vietnam: 5.4, 4.9
India: 4.7, 4.8

These are figures that the West would salivate for, but somewhat below the growth that developing Asian countries are used to. Because of how export-dependent most of these economies are, we are betting our hopes on Europe getting its sh!t together. Let's hope that the rest of 2013 will get better.

How come figures for Mongolia (16%) and Iraq (14%) are not included in that list?
Fastest-Growing Economies Through 2015 - Business Insider

 

[dbc]

Are you really that dumb???

Policy example: Rein in lending (just like I describe above)
If you want to have those policy in print, ask the China government for it.

Other policy example: set up rules for government usage related to automobile, dining, high-end club and etc => so as to rein in government related overspending in high-end automobile, clubs and etc to curb corruption... => such will also have an effect to curb growth in certain extent, especially in consumption in certain high growing areas...

I really have no interest to serve these kind of low intelligent nuts.

Sigh! Mr High IQ angry Internet man, I'll repeat my question since I'm dumb and of low intelligence I assume you have difficulty understanding me.

Name one state policy introduced in 2013 to slow GDP growth. Curbing non essential spend on fancy cars and parties has nothing to do with GDP.

 

[ice bomb]

Sigh! Mr High IQ angry Internet man, I'll repeat my question since I'm dumb and of low intelligence I assume you have difficulty understanding me.

Name one state policy introduced in 2013 to slow GDP growth. Curbing non essential spend on fancy cars and parties has nothing to do with GDP.

GDP = C + I + G + (X-M)

The total spending on all final goods and services (Consumption goods and services (C) + Gross Investments (I) + Government Purchases (G) + (Exports (X) - Imports (M))
Now take a guess where the fancy cars and parties fall under.

Same goes for higher utility prices which discourage spending.
The central government also wants localities to borrow more directly by issuing their own bonds. new rules on capital flows. The list goes on.

 

[dbc]

GDP = C + I + G + (X-M)

The total spending on all final goods and services (Consumption goods and services (C) + Gross Investments (I) + Government Purchases (G) + (Exports (X) - Imports (M))
Now take a guess where the fancy cars and parties fall under.

Same goes for higher utility prices which discourage spending.
The central government also wants localities to borrow more directly by issuing their own bonds. new rules on capital flows. The list goes on.

I had a feeling this was coming, I thought about correcting my post but was too lazy to do it. Yes you are right, but again austerity measure is not a policy and was not implemented to slow GDP growth. The curb on extravagent spending is a reaction to public anger over irresponsible state spending.

 

[tranquilium]

These are still good numbers.

.....India at the bottom a surprise.

Keep in mind that in IMF nominal GDP ranking, India is 10th in the world. An economy of that size is bound to slow down its growth in percentage. Also, according to Index Mondi:
India GDP composition by sector is agriculture: 17%, industry: 18% and services: 65%.
This kind of economy composition is closer to the economy composition of a developed nation, which tends to have slower growth comparing to developing nations. For example, the same site shows that:
China's GDP composition is agriculture: 9.7%, industry: 46.6% and services: 43.7%.
Philippine's GDP composition is agriculture: 12.4%, industry: 31.3% and services: 56.4%.
Indonesia's GDP composition is agriculture: 14.3%, industry: 46.9% and services: 38.8%.
In comparison, developed nation GDP compositions:
Japan's GDP composition is agriculture: 1.2%, industry: 27.5% and services: 71.4%
US' GDP composition is agriculture: 1.2%, industry: 19.1% and services: 79.7%
France's GDP composition is agriculture: 1.9%, industry: 18.3% and services: 79.8%

I see china is also decelerating a bit, the other surprise.

Not a surprise, the official government GDP target for 2013 is 7.5%.

How come figures for Mongolia (16%) and Iraq (14%) are not included in that list?
Fastest-Growing Economies Through 2015 - Business Insider

Technically it should. However, I guess a potential argument against this two countries is that they are simply too small to accurately represent the ongoing economy trend in East/Southeast Asia.

 

[Raphael]

I didn't include Iraq because by Asian, I meant East/South-East Asia. And Mongolia doesn't have consistent quarterly measurements - an economy dominated by resource extraction is very cyclical.