HSBC: China to be world's biggest economy by 2030

[Huan]

If we get rid of dollar dominance we can have a bigger GDP the next day. Dollar valued GDP should come to the end in the next decade.

Beijing should try to make the Chinese yuan exchange rate set at ¥1 yuan per $0.25 US dollar or higher as the bottom floor. Then the HSBC GDP forecast will happen way earlier to later this year. A maximum of ¥92 trillion yuan GDP by the end of 2018 will suddenly exceed $22 trillion US dollars.

 

[bolo]

That's a 5.3% average growth.

Should that be the case it's very obtainable

Beijing should try to make the Chinese yuan exchange rate set at ¥1 yuan per $0.25 US dollar or higher as the bottom floor. Then the HSBC GDP forecast will happen way earlier to later this year. A maximum of ¥92 trillion yuan GDP by the end of 2018 will suddenly exceed $22 trillion US dollars.

The Chinese government is always concern about export. After the Lira collapse it is still higher than yuan

 

[randomradio]

Should that be the case it's very obtainable

Can't say. The current transition to service based economy should complete before we can say anything.

Plus, the economy has been propped up with loans. That is set to end soon, so we will know the scale of the downward trend only after a few years.

 

[Pakistani Aircraft]

I thought India was supposed to over take the US by 2020, what happened?

 

[zectech]

Go to a gold backed yuan and have it tomorrow. Be the reserve currency of the world. Yuan as good as gold.

 

[艹艹艹]

China will once again return to the No.1 position in the world

 

[haidian]

How soon can China overtake US economy on dollar based GDP depends on the exchange rate between RMB and US dollar, so it's largely pointless. China should still focus on trade, manufacturing and high tech industries.

 

[Kyle Sun]

The biggest or not is inessential. We need the strongest.

 

[TaiShang]

That's not impressive. You should have been adding an India every year by now.

But that's what you get for screwing up your population control.

India will not be doing bad, either, according to estimations, climbing up to 3rd position.

That's not bad.

By 2030, there will likely be 3 Asian nations at top 5. Maybe then we can consider revising UNSC .

CN-JP-German have same problem : usless location and barren land. that why Hitle created "Lebensraum"- living space concept and incited Germany to invade another nations.

You know what happened to Labensraum in Russia? What happened to Haushofer? If there will be an end to Labensraum, the next casualty will be the US.

How soon can China overtake US economy on dollar based GDP depends on the exchange rate between RMB and US dollar, so it's largely pointless. China should still focus on trade, manufacturing and high tech industries.

Exactly. China's real economic power should not be reduced to exchange rates or market values of some bloated companies on stock exchanges.

Tangibles like industrial output and energy consumption is the most significant.

***

China's industrial profits up 16.2 pct in Jan.-Aug.

Xinhua, September 27, 2018


Profits of China's major industrial firms grew 16.2 percent in the first eight months of 2018, down from a rise of 17.1 percent for the January-July period, data showed Thursday.

Some 34 of the 41 industries monitored by the government recorded rising profits compared with one year earlier, up from 32 for January-July, according to the National Bureau of Statistics (NBS).

Although industrial profits rose at a slower pace, NBS official He Ping said supply-side structural reform has led to falling operating costs and leverage ratios, while industrial companies' profitability continued to improve.

In the first eight months, cost per 100 yuan (about 14.6 U.S. dollars) of revenue dropped 0.35 yuan from the same period last year to 84.39 yuan, according to He.

The debt-asset ratios of major industrial firms dropped 0.5 percentage points year on year to 56.6 percent by the end of August.

Overseas-funded industrial firms recorded faster profit growth compared with the January-July period, while profit growth at state-owned enterprises declined.

For August alone, profits of major industrial companies nationwide rose 9.2 percent from one year earlier, decelerating from a rise of 16.2 percent registered in July.

He Ping attributed the slower growth in August to a higher comparative base from last year and a pullback in the growth of revenues and product prices.

http://www.china.org.cn/business/2018-09/27/content_64151886.htm

***

Maybe neo-fascist US economic warfare is actually helping China to transition into high-end manufacturing even faster.

Still waiting for China to collapse...

 

[Viva_Viet]

You know what happened to Labensraum in Russia? What happened to Haushofer? If there will be an end to Labensraum, the next casualty will be the US.

***

China's industrial profits up 16.2 pct in Jan.-Aug.

Xinhua, September 27, 2018


Profits of China's major industrial firms grew 16.2 percent in the first eight months of 2018, down from a rise of 17.1 percent for the January-July period, data showed Thursday.

Some 34 of the 41 industries monitored by the government recorded rising profits compared with one year earlier, up from 32 for January-July, according to the National Bureau of Statistics (NBS).

Although industrial profits rose at a slower pace, NBS official He Ping said supply-side structural reform has led to falling operating costs and leverage ratios, while industrial companies' profitability continued to improve.

In the first eight months, cost per 100 yuan (about 14.6 U.S. dollars) of revenue dropped 0.35 yuan from the same period last year to 84.39 yuan, according to He.

The debt-asset ratios of major industrial firms dropped 0.5 percentage points year on year to 56.6 percent by the end of August.

Overseas-funded industrial firms recorded faster profit growth compared with the January-July period, while profit growth at state-owned enterprises declined.

For August alone, profits of major industrial companies nationwide rose 9.2 percent from one year earlier, decelerating from a rise of 16.2 percent registered in July.

He Ping attributed the slower growth in August to a higher comparative base from last year and a pullback in the growth of revenues and product prices.

http://www.china.org.cn/business/2018-09/27/content_64151886.htm

***

Maybe neo-fascist US economic warfare is actually helping China to transition into high-end manufacturing even faster.

Still waiting for China to collapse...

Living space of US is good. US is resources rich nation too while situation is too bad for German-JP-CN.

For ex:Twese like u can not drive car if no oil imported from Middle east or Russia.If US-Russia collude to cut off all oil to CN, then CN will be in chaos after few weeks.

No hope , no future for countries like CN-JP-German

 

[haidian]

Living space of US is good. US is resources rich nation too while situation is too bad for German-JP-CN.

For ex:Twese like u can not drive car if no oil imported from Middle east or Russia.If US-Russia collude to cut off all oil to CN, then CN will be in chaos after few weeks.

No hope , no future for countries like CN-JP-German

The irony is you are talking about 3 of the world most economic and industrial power houses. Everything happens for a reason, what those 3 countries share in common are exellent work ethics, intelligent , well disciplined and very hardworking population, in the end of the day, everything comes down to what kind of people you have.

 

[Ultima Thule]

The irony is you are talking about 3 of the world most economic and industrial power houses. Everything happens for a reason, what those 3 countries share in common are exellent work ethics, intelligent , well disciplined and very hardworking population, in the end of the day, everything comes down to what kind of people you have.

@Viet @Viva_Viet are the slave of west and Russia, in past American rape their women, destroy their country but they happy to agree to become slave again and give their women to be raped by white men with so @haidian please ignore the troll @haidian

 

[Viva_Viet]

The irony is you are talking about 3 of the world most economic and industrial power houses. Everything happens for a reason, what those 3 countries share in common are exellent work ethics, intelligent , well disciplined and very hardworking population, in the end of the day, everything comes down to what kind of people you have.

From Those 3 countries above, 2 surrender to US and become US's dogs and do what US tell them to do. CN wt "intelligent" ppl only had GDP 300usd/year and had to eat insect to survive before Deng licked US azz in 1979.

 

[TaiShang]

Living space of US is good. US is resources rich nation too while situation is too bad for German-JP-CN.

If you think the US has all the resources, check out how much fracking they have been doing to squeeze every inch of oil from land and how most of the fracking companies are losing money and in debt.

Japan has Russia and China next door, why would it be dependent on the US (provided that Japan decides to become independent from the US and assume national sovereignty).

For ex:Twese like u can not drive car if no oil imported from Middle east or Russia.If US-Russia collude to cut off all oil to CN, then CN will be in chaos after few weeks.

These stuff can happen theoretically, but, in reality, hard to materialize. Besides, China is a major producer of oil, as well, it is just that China consumes even more than it can produce. If China's economy was as big as India's, the domestically produced oil would be enough.

No hope , no future for countries like CN-JP-German

So, these countries became who they are today only because of and thanks to the US? You need more self-esteem and confidence, my friend.

 

[Viva_Viet]

If you think the US has all the resources, check out how much fracking they have been doing to squeeze every inch of oil from land and how most of the fracking companies are losing money and in debt.

.

Thats why US keep looting resources like oil from Middle east and US is strong enough to loot all oil there while CN r too weak to do the same, so if Russia-US cut off oil export to CN, then CN will fall into chaos.

Japan has Russia and China next door, why would it be dependent on the US (provided that Japan decides to become independent from the US and assume national sovereignty).

Why ? Ask JPese. Its their choice to let US set up US base on JP soil insread of Russia-CN'bases

These stuff can happen theoretically, but, in reality, hard to materialize. Besides, China is a major producer of oil, as well, it is just that China consumes even more than it can produce. If China's economy was as big as India's, the domestically produced oil would be enough.



So, these countries became who they are today only because of and thanks to the US? You need more self-esteem and confidence, my friend

We r talking abt crude oil, not refined oil. If US-Russia cut off oil lines to CN then CN will be in chaos due to short of crude oil.

Yes.correct JP-German- CN got some "success" now mainly thanks to US'mercy. Just like dogs of rich boss look even healthier than poor ppl ( but poor ppl still can survive by working and fighting for their life while dogs will die if boss abandon them).

As u can see, when US boss getting poorer now,then German-JP-CN export also get problem wt high tarriff and get poorer too, and German-JP have to beg for US mercy to let them keep exporting their cars cos only US market is big enough to buy most of German-JP cars.

CN if dont beg for US mercy like what Deng did will go back to GDP 300usd/year like before 1978 and 1,4 billion Cnese will have to eat insect again to survive when winter wt 1 meter thick of snow coming