Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Come on, don´t try to drag us into the hole. I really don´t care of what will happen to China in 7 years.Wishful thinking! It's the best word to describe China haters around in the forum. Unfortunately many of them are Indians and Viets.
UPDATE 2-Strong China Jan trade shows economic rebound intact | Reuters
Thu Feb 7, 2013 11:49pm EST
* Jan exports +25.0 pct y/y vs +17.0 pct forecast
* Jan imports +28.8 pct y/y vs +23.3 pct forecast
* Jan trade surplus $29.2 bln vs $22 bln forecast
* Prompts rise in stocks on economic recovery hopes
Car sales accelerated in January
The run-up to Spring Festival as well as China's economic rebound are expected to have boosted China's passenger vehicle sales in January by nearly 50 percent year-on-year, said the China Passenger Car Association.
The association said on its website that China's passenger vehicle sales to dealers in January would hit about 1.45 million units, more than 15 percent higher than in December.
The association will release detailed figures on Thursday.
I heard the same story with much stronger arguement for at least 2 decades,and similiar "research" comes out with the same "prediction"once every 2-3 month during the last 2 decades,it seems like some "scholars"are very persistent,I hipe they can see what they predicted happens in their life time,otherwise that'll be a very big letdown.
I don't think it will be ALL OVER, but surely will not have the growth trance as of now. And most definitely will not be a double digit growth as they are used to be. The market is too big to collaspe now, unless china stay as is for the next 10 or 15 years, a broken down of Economy will not happen
Here is some copy paste:
VK: That’s right. But as outrageous an example as the South China Mall is, there’s an even more outrageous example – namely that the Chinese built an entire city, Ordos, in Inner Mongolia for 1.5 million residents and it is completely empty. These are classic examples of the sort of excesses going on in China.
Ordos, China: A Modern Ghost Town - Photo Essays - TIME
Ordos - a ghost town.
How many threads are opened on US collapse, China collapse and India collapse.
People love collapse theories I guess.....
Better start making the Chinese roads wider with more lanes just like in Houston, Texas over here to accommodate millions of more vehicles in traffic.
I don't think it CAN be all over. You have 1.4 billion consumers in this country. If the labor market shrinks, they'll do what the Indians are doing due to the cost rising within India. They are getting Western contract and sub-contracting them out to Philippines, Mexico,Sri Lanka, etc. That way, the Indian company keeps the profit margin and the client, but gets the job done through some much more cheaper country.
What the article also forgot is that within the 7 years, people are are already establishing themselves, will be more established. The middle class will be further up than where it is today. So...you'll have plenty of more revenue and business coming live, helping the economy that way vs, the cheaper labor.
Just as i said, i don't see a collaspe China in the next 7 years, but i also would not see a "Fast growing" China in 7 years. In 7 years China will be half satruated and either have to change their form or shift their dynamic from on place to another, developemental of new city and new trading hub is a needed.
Mind you, even with Chinese'market overtake US market, Chinese will not be a Superpower with 1 :1 spending power with the American anytime soon. As China have a population about 5 times (1.4 billions vs 330 milions) the US population, it's only realistic to expect even China have a bigger trade figure than US, China only have 1/5 power of everything (Purchasing power, crediting and Military expenditure) unless China turn into a North Korean Style Regime and totally ignore their citizens, China will need to take care of 5 time what american taking care of. Yes, there maybe people richer tha nthe American, but as the ratio concluded, there will be 5 times more people living in poverty in China than the United States. And Chinese need to deal with this issue before totally surpass the US with everything. And that i tell you, will not happen anytime soon.
The GDP growth rate of Chinese Economy will slow down significacantly.
China has 8 trillion dollar economy now. At this stage an economy slows down.
So it will not witness the very high growth rate it witnessed in 90s or early 2000s.
Just as i said, i don't see a collaspe China in the next 7 years, but i also would not see a "Fast growing" China in 7 years. In 7 years China will be half satruated and either have to change their form or shift their dynamic from on place to another, developemental of new city and new trading hub is a needed.