Sorry Haters, Your China Hard Landing Has Been Postponed Again

[Bussard Ramjet]

Wrong. It's only for that year. How is India growing faster than China in absolute terms when China is multiple times bigger and and have similar growth rates?

2016 is an anomaly. The RMB depreciated massively against the USD in that year. The RMB isn't going to depreciate at that level every year.

And your 'much less' is just $20b if your figures are correct, which is insignificant for economy worth trillions.

Heck, I just checked. Different measurements by IMF or WB are already more than that amount. If we use IMF figures, India adds lesser than China.

As far as I know, RMB has already depreciated 4% this year alone (again, correct me if I am wrong), while INR has appreciated.

If this is correct, and continues, then Chinese economy may again contract this year in nominal dollar terms.

PDF RSSers never care about the real indians who r poor, have ill health, and have no skill for the future.
How pathetic of them to care about an economy that is adding an entire india every 3 years.....

But a LOT of things mentioned here are actually totally false.

1. Indian HDI is on constant upwards movement.
2. Indians, a LOT of them, actually have very advanced skills, and this number will only increase going forward.
3. Chinese economy (in nominal dollar terms) actually grew less than India as I have shown previously. So I don't understand this boast of adding an entire India in 3 years.

 

[ohmrlobalobayeh]

As far as I know, RMB has already depreciated 4% this year alone (again, correct me if I am wrong), while INR has appreciated.

If this is correct, and continues, then Chinese economy may again contract this year in nominal dollar terms.



But a LOT of things mentioned here are actually totally false.

1. Indian HDI is on constant upwards movement.
2. Indians, a LOT of them, actually have very advanced skills, and this number will only increase going forward.
3. Chinese economy (in nominal dollar terms) actually grew less than India as I have shown previously. So I don't understand this boast of adding an entire India in 3 years.

Just like your ludicrous rhetoric on demographics, u have the ignorant impression that 'more/higher' of everything is always better.

Your posts is irrelevant because China controls how the Yuan fluctuates, at will- and it is in China's trade interest that the currency value of the Yuan remains low. Why do you think the US often accuses China of artificially keeping the value of the Yuan low, going as far as to label China a 'currency manipulator'?

 

[Bussard Ramjet]

Just like your ludicrous rhetoric on demographics, u have the ignorant impression that 'more/higher' of everything is always better.

Your posts is irrelevant because China controls how the Yuan fluctuates, at will- and it is in China's trade interest that the currency value of the Yuan remains low. Why do you think the US often accuses China of artificially keeping the value of the Yuan low, going as far as to label China a 'currency manipulator'?

You know what you are doing, you are strawmanning me. Making arguments that I don't make.

Also, Yuan's value does matter in determining nominal dollar GDP, and isn't that what all matter according to Chinese members here?

If that is not the case, than let's take PPP calculations? But I'm sure you won't take that into account.

Also, China doesn't control the Yuan on will.

No body can. This is the reason China spent around 1.5 trillion dollars defending the yuan; AND had to impose harsh capital control measures.

 

[ohmrlobalobayeh]

You know what you are doing, you are strawmanning me. Making arguments that I don't make.

Also, Yuan's value does matter in determining nominal dollar GDP, and isn't that what all matter according to Chinese members here?

If that is not the case, than let's take PPP calculations? But I'm sure you won't take that into account.

Also, China doesn't control the Yuan on will.

No body can. This is the reason China spent around 1.5 trillion dollars defending the yuan; AND had to impose harsh capital control measures.

u're equating the health of an economy with its currency value.

According u:

lower Yuan currency value = signs of chinese economy contracting

my comments were refuting all that. It's on a similar parallel with your rhetoric on demographics in the other threads, along the lines of 'more Indian babies being created by jobless, idle and slum-dwelling Indians doing nothing economically-productive of significance, except f**king all day = growing Indian economy.'<===lol

Also, China doesn't control the Yuan on will.

That's according to you. China as the world's factory and manufacturing everything A to Z- decides how much it prices its products to the rest of the world.

The US labeling China as a 'currency manipulator'- trashes your assumption.

https://www.nytimes.com/2017/04/11/business/economy/trump-china-currency-manipulation-trade.html

https://www.bloomberg.com/news/arti...age-from-last-time-china-named-fx-manipulator

"As President-elect Donald Trump considers his options to take on China over trade, he can’t dangle the same carrot a predecessor had more than two decades ago, when the U.S. last officially dubbed China a currency manipulator."






I dont know what u are babbling about by spending 1.5 trillion 'defending the yuan'(whatever this means)

i repeat:

U're equating the health of an economy with its currency value. It's as simple as what i read.

Thanks.

 

[Bussard Ramjet]

u're equating the health of an economy with its currency value.

According u:

lower Yuan currency value = signs of chinese economy contracting

my comments were refuting all that. It's on a similar parallel with your rhetoric on demographics in the other threads, along the lines of 'more Indian babies being created by jobless, idle and slum-dwelling Indians doing nothing economically-productive of significance, except f**king all day = growing Indian economy.'<===lol

I am not equating a health of an economy with ONLY the currency.

However, EVERY CHINESE here uses only nominal dollar GDP to judge GDP, and use those statistics.

Also, Chinese economy infact did stagnate, as measured by nominal dollar GDP! This is a fact.

And it is YOU, and your fellow country men who consider only nominal dollar GDP as the size of the economy. I didn't see you complaining when Chinese Yuan appreciated between 2000 to 2014, inflating the size of your economy.

The fact is that NO ONE here considers any other metric of GDP apart from Nominal Dollars.

That's according to you. China as the world's factory and manufacturing everything A to Z- decides how much it prices its products to the rest of the world.

The US labeling China as a 'currency manipulator'- trashes your assumption.

https://www.nytimes.com/2017/04/11/business/economy/trump-china-currency-manipulation-trade.html

https://www.bloomberg.com/news/arti...age-from-last-time-china-named-fx-manipulator

"As President-elect Donald Trump considers his options to take on China over trade, he can’t dangle the same carrot a predecessor had more than two decades ago, when the U.S. last officially dubbed China a currency manipulator."






I dont know what u are babbling about by spending 1.5 trillion 'defending the yuan'(whatever this means)

i repeat:

U're equating the health of an economy with its currency value. It's as simple as what i read.

Thanks.

China doesn't decide. Being the manufacturer is not the be all and end all. Currency fluctuations in fact happen more due to financial movements, most of which occur in Dollar.


So, let me again repeat, China's GDP remained stagnant in nominal dollar terms in 2016. And Chinese members, almost all of them, are here on record saying that nominal dollar terms are the only thing that matter.

 

[ohmrlobalobayeh]

I am not equating a health of an economy with ONLY the currency.


Also, Chinese economy infact did stagnate, as measured by nominal dollar GDP! This is a fact.

ya fact according to you.

And it is YOU, and your fellow country men who consider only nominal dollar GDP as the size of the economy. I didn't see you complaining when Chinese Yuan appreciated between 2000 to 2014, inflating the size of your economy.

there u go again- u are equating the strength of a economy with its currency value. how did u master the ancient bharatiyah art of lying right in the face?

The fact is that NO ONE here considers any other metric of GDP apart from Nominal Dollars.

You are throwing a red herring here. The topic is on the Yuan, yet u keep changing the topic to the Dollar.

China doesn't decide. Being the manufacturer is not the be all and end all. Currency fluctuations in fact happen more due to financial movements, most of which occur in Dollar.

Ya and that's according you again. You get to decide what China can do n what it cannot do and the reasons can be 1 of the many grandmother reasons u can creatively come up with.

Hahahahaha.

So, let me again repeat, China's GDP remained stagnant in nominal dollar terms in 2016. And Chinese members, almost all of them, are here on record saying that nominal dollar terms are the only thing that matter.

i repeat:

you are equating the economic strength of China with the value of the Yuan with your own creative theories.

 

[Bussard Ramjet]

ya fact according to you.

No, you can find these stats in IMF and World Bank data sets.

It would be atrocious if you can't even recognize facts.

there u go again- u are equating the strength of a economy with its currency value. how did u master the ancient bharatiyah art of lying right in the face?

It's not ME who is doing it. It is all the Chinese members who have ALWAYS done it.

Also, the nominal dollar GDP figures have always been used as the determinant for the economy of a country.

You are throwing a red herring here. The topic is on the Yuan, yet u keep changing the topic to the Dollar.

Umm. No. We are talking about China's economy, the measure of which is nominal dollar figure. @AndrewJin has always only taken into account nominal dollar terms in the past, and he said that China is adding a India's GDP worth in every 3 years, which is plain nonsense.

Ya and that's according you again. You get to decide what China can do n what it cannot do and the reasons can be 1 of the many grandmother reasons u can creatively come up with.

Hahahahaha.

Umm.. No. There are some basic rules for how the world works.

China can not do whatever it wants. That is the reason why to defend its currency, it had to spend 1.5 trillion dollars, AND impose capital controls, which were harmful for the goal of making Yuan an international currency.

i repeat:

you are equating the economic strength of China with the value of the Yuan with your own creative theories.

No they are not creative. These are the same theories that have always been presented here in PDF.

Otherwise, why do you say that India is one fifth the economy of China?

According to PPP GDP figures, China is about 2.5 times India. PPP figures are created specifically to deal with exchange rate issues.

You can't have both. Use nominal dollar figures when you need them, and discard them when you don't.

 

[ohmrlobalobayeh]

No, you can find these stats in IMF and World Bank data sets.

It would be atrocious if you can't even recognize facts.

ya what facts? IMF statistics indicated stated that China's economy 'stagnated'?

More like 'facts' according to you again.

It's not ME who is doing it. It is all the Chinese members who have ALWAYS done it.

Also, the nominal dollar GDP figures have always been used as the determinant for the economy of a country.

Nope, you are still trying to change the topic again- which is on the Yuan and how u link it with the health of the Chinese economy.
@AndrewJin has always only taken into account nominal dollar terms in the past, and he said that China is adding a India's GDP worth in every 3 years, which is plain nonsense.

i am not interested in what @AndrewJin has said. I am talking about how u are ludicrously concluding that China's economy is shrinking just because the value of the Yuan has dropped.

China can not do whatever it wants. That is the reason why to defend its currency, it had to spend 1.5 trillion dollars, AND impose capital controls, which were harmful for the goal of making Yuan an international currency.

And thank you, for here you are admitting and reiterating, abeit in an oxymoronic paragraph- that China controls the value of the Yuan at its own liking- which is what i've been highlighting all along.

No they are not creative. These are the same theories that have always been presented here in PDF.

Otherwise, why do you say that India is one fifth the economy of China?

According to PPP GDP figures, China is about 2.5 times India. PPP figures are created specifically to deal with exchange rate issues.

You can't have both. Use nominal dollar figures when you need them, and discard them when you don't.

Again, you are still hopelessly trying to change the topic. I am talking about how you are concluding the Chinese economy is shrinking just because the value of the Yuan is lower.

Try harder.

PS* Im fine with how the Yuan's lowered value is giving u an orgasm. I just find it funny how you are self-concluding the Chinese economy is 'shrinking' just because of it.

Jai Hind~

 

[Mista]

As far as I know, RMB has already depreciated 4% this year alone (again, correct me if I am wrong), while INR has appreciated.

If this is correct, and continues, then Chinese economy may again contract this year in nominal dollar terms.

Wrong again. Do you even check your figures before posting?

https://www.xe.com/currencycharts/?from=USD&to=CNY&view=1Y

1)The RMB has appreciated against the USD since Jan from 1USD=6.9RMB to current 6.7RMB today.

2)Even if the RMB somehow depreciates 4% this year, at above 6% growth the Chinese economy will still grow in nominal dollar terms. And I haven't add in inflation yet. Idk how you get that it will contract.

 

[AndrewJin]

Wrong again. Do you even check your figures before posting?

https://www.xe.com/currencycharts/?from=USD&to=CNY&view=1Y

1)The RMB has appreciated against the USD since Jan from 1USD=6.9RMB to current 6.7RMB today.

2)Even if the RMB somehow depreciates 4% this year, at above 6% growth the Chinese economy will still grow in nominal dollar terms. And I haven't add in inflation yet. Idk how you get that it will contract.

Those RSSers are always in delusional mode, time to have some beef to become sane.
I sincerely advice they keep calm about the fact that China is adding an entire india every 3 years.

 

[Jlaw]

Arguing economics with an Indian chemist undergrad who cannot graduate from an Indian University doesn't make any sense

 

[AndrewJin]

Arguing economics with an Indian chemist undergrad who cannot graduate from an Indian University doesn't make any sense

They do have negative credibility on all those issues.

 

[Bussard Ramjet]

Arguing economics with an Indian chemist undergrad who cannot graduate from an Indian University doesn't make any sense

What do you mean by "who cannot graduate"?

Those RSSers are always in delusional mode, time to have some beef to become sane.
I sincerely advice they keep calm about the fact that China is adding an entire india every 3 years.

First I am in no way shape or form a RSSer.

Secondly, China is NOT adding an entire India's worth of economy every 3 years. Either by using the nominal dollar GDP figure, or the PPP figures.

In fact, China didn't grow last year at all when it comes to nominal dollar figures.

 

[Offshore]

Arguing economics with an Indian chemist undergrad who cannot graduate from an Indian University doesn't make any sense

The university quality just as good as indian city..
let alone the Human Resources they produced

 

[Bussard Ramjet]

ya what facts? IMF statistics indicated stated that China's economy 'stagnated'?

More like 'facts' according to you again.

Yeah, look at IMF or World Bank stats for Chinese GDP in nominal dollar terms. You will find that it was largely stagnant for 2016.

i am not interested in what @AndrewJin has said. I am talking about how u are ludicrously concluding that China's economy is shrinking just because the value of the Yuan has dropped.

There are two widely used measures of an economy's size. GDP at MER (market exchange rates) or GDP at PPP.
Chinese economy stagnated in GDP MER, but was growing reasonable well in GDP PPP.

However, if you want to use GDP PPP, then maintain some credibility and use it for the future as well. If that is the case, India's GDP (PPP) is the third largest in the world.