Top Ten World Economies in 2018 | IMF

[UkroTurk]

22 USD? You must be a genius in math!

Just i am not really interested in toilet papers.
Ok 220 dollars min wage if you are lucky

 

[Kai Liu]

Just i am not really interested in toilet papers.
Ok 220 dollars min wage if you are lucky

Mind you check the exchange rate before coming to troll here. Although you are a troll, try to be professional!

 

[cirr]

CICC raises China growth forecast to 7 pct for 2018

2018-01-09 15:19 Xinhua Editor: Gu Mengxi

A leading Chinese investment firm raised its forecast for China's economic growth in 2018, citing stronger external demand and strength in consumption and manufacturing investment.

The China International Capital Corp. (CICC) raised its forecast for China's 2018 real GDP growth to 7 percent year on year, up from a previous estimate of 6.9 percent, according to a report from the company.

An expected tax cut in the United States will boost external demand for China, contributing to faster export growth, according to Liang Hong, chief economist with the CICC.

Stronger-than-expected external demand growth in 2018 will add to the inflationary pressure, and the consumer price index is predicted to rise 2.6 percent year on year in 2018, up from 2.5 percent in the previous estimate, according to the report.

The investment firm is also optimistic about China's domestic demand, citing growth potential in consumption and investment.

"Consumption growth will likely pick up on the back of rising disposable income growth, especially that of lower-income households that have higher consumption propensity," Liang said.

Meanwhile, manufacturing investment growth is expected to accelerate, driven by a notable rebound of corporate investment returns, Liang said.

The firm also expected acceleration in property investment growth and resilience in actual infrastructure investment activity this year.

For 2019, the CICC expected the real GDP growth to remain robust at 6.9 percent.

With higher expectations for growth and inflation, the CICC forecast that China's central bank will raise the benchmark deposit and lending rate by 25 basis points this year.

China's GDP expanded 6.9 percent year on year in the first three quarters, above the government's yearly target of 6.5 percent. The official GDP number for the whole year of 2017 is scheduled to be released next week.

http://www.ecns.cn/business/2018/01-09/287622.shtml

 

[OguzSenturk]

"Minimum wage" thing should be taken away anyway, putting a limit of wage on private sector is so silly. Having a big minimum wage is a sign of stupidity, not "richness".

 

[UkroTurk]

Mind you check the exchange rate before coming to troll here. Although you are a troll, try to be professional!

My position where is too far from you, doesnt change income inequality and poverty in your country.

 

[Kai Liu]

My position where is too far from you, doesnt change income inequality and poverty in your country.

You are not better:

 

[OguzSenturk]

You are not better:

They are syrian refugees, but you are right, our country also has lots of poverty. Ukroturk is just trolling, and he has no idea about how economy works. Just ignore him.

 

[Kai Liu]

They are syrian refugees, but you are right, our country also has lots of poverty. Ukroturk is just trolling, and he has no idea about how economy works. Just ignore him.

You are right. Both China and Turkey are not fully developed country. Even in a highly developed country like USA, we can still find plenty of pictures like this:

 

[AndrewJin]

You are right. Both China and Turkey are not fully developed country. Even in a highly developed country like USA, we can still find plenty of pictures like this:

Their life expectancy is plummeting

 

[Han Patriot]

If you talk to Chinese and foreigners living in China it is all but bright and shiny. Anyone who believes there has been a significant amount of wasted investment in China must accept that reported GDP growth overstates the real increase in wealth by the failure to recognise the associated bad debt. Were it correctly written down, by some estimates GDP growth would fall below 3 per cent.
In the mean time the debt is above 300% of the GDP. The yuan is kept under strict control but sooner or later you will have to trade the currency and open your financial market.
Many Chinese are moving their factories and offices in South East Asia, Australia and even Japan because the situation is "getting complicated".
Now you are trying to switch from a manufacturing based to a service based economy to avoid the collapse. The point is that you have no "China" brand and no appeal, despite the massive marketing campaigns of your government. For decades you sold cheap and faulty products. It is true that the quality is improved, but how do you expect to have people buying your stuff at a premium price?
When banks and financial institution blow in one direction..it is time to worry.

There is also another disturbing reality which is the Chinese government obsession with censorship, information control and other form of limitation not only in China but also abroad. Have you ever asked yourself why?

Turkey is near developed status, the people are definitely doing better than the average Chinese but you musn't negate Chinese achievement. As a country, China is many times richer, but individually, Turkish people are better off. You should visit China someday and understand the real situation on the ground. Chinese debt is denominated in Yuan, as long as the economy is growing, supply and demand is growing, debt is essential for economic growth.

Well, people used to say China under report growth rates as recent as 5 years ago, so what is the truth. The truth is when you look at the infrastructure, the well being of the people, the amount of goods and services the average Chinese buy.

Of course there are no China brand like Huawei, Lenovo, Haier, ZPMC, Xiaomi, ZPMC, OPPO, ZTE, SANY, etc. No offense, but where are the global Turkish brand? The truth is China is the only power capable to go against the West, not Turkey, you are economically, technologically and militarily incapable to compete with the West.

 

[AndrewJin]

Turkey is near developed status, the people are definitely doing better than the average Chinese but you musn't negate Chinese achievement. As a country, China is many times richer, but individually, Turkish people are better off. You should visit China someday and understand the real situation on the ground. Chinese debt is denominated in Yuan, as long as the economy is growing, supply and demand is growing, debt is essential for economic growth.

Well, people used to say China under report growth rates as recent as 5 years ago, so what is the truth. The truth is when you look at the infrastructure, the well being of the people, the amount of goods and services the average Chinese buy.

Of course there are no China brand like Huawei, Lenovo, Haier, ZPMC, Xiaomi, ZPMC, OPPO, ZTE, SANY, etc. No offense, but where are the global Turkish brand? The truth is China is the only power capable to go against the West, not Turkey, you are economically, technologically and militarily incapable to compete with the West.

Turkey has some good brands, like Kebab in Germany.

Just i am not really interested in toilet papers.
Ok 220 dollars min wage if you are lucky

isn't that people do not believe in Chinese sources?
How about the Allianz report?

Turkey is near developed status, the people are definitely doing better than the average Chinese but you musn't negate Chinese achievement. As a country, China is many times richer, but individually, Turkish people are better off. You should visit China someday and understand the real situation on the ground. Chinese debt is denominated in Yuan, as long as the economy is growing, supply and demand is growing, debt is essential for economic growth.

Well, people used to say China under report growth rates as recent as 5 years ago, so what is the truth. The truth is when you look at the infrastructure, the well being of the people, the amount of goods and services the average Chinese buy.

Of course there are no China brand like Huawei, Lenovo, Haier, ZPMC, Xiaomi, ZPMC, OPPO, ZTE, SANY, etc. No offense, but where are the global Turkish brand? The truth is China is the only power capable to go against the West, not Turkey, you are economically, technologically and militarily incapable to compete with the West.

Since when Turkey is nearly developed?
Turkey's life expectancy is shorter than China's.

That is some SP2012 style claim....

Chinese debt is denominated in Yuan, as long as the economy is growing, supply and demand is growing, debt is essential for economic growth.

When westerns or those brainwashed by the West have nothing to say in the debate,
they talk about debt....

 

[TaiShang]

CICC raises China growth forecast to 7 pct for 2018

2018-01-09 15:19 Xinhua Editor: Gu Mengxi

A leading Chinese investment firm raised its forecast for China's economic growth in 2018, citing stronger external demand and strength in consumption and manufacturing investment.

The China International Capital Corp. (CICC) raised its forecast for China's 2018 real GDP growth to 7 percent year on year, up from a previous estimate of 6.9 percent, according to a report from the company.

An expected tax cut in the United States will boost external demand for China, contributing to faster export growth, according to Liang Hong, chief economist with the CICC.

Stronger-than-expected external demand growth in 2018 will add to the inflationary pressure, and the consumer price index is predicted to rise 2.6 percent year on year in 2018, up from 2.5 percent in the previous estimate, according to the report.

The investment firm is also optimistic about China's domestic demand, citing growth potential in consumption and investment.

"Consumption growth will likely pick up on the back of rising disposable income growth, especially that of lower-income households that have higher consumption propensity," Liang said.

Meanwhile, manufacturing investment growth is expected to accelerate, driven by a notable rebound of corporate investment returns, Liang said.

The firm also expected acceleration in property investment growth and resilience in actual infrastructure investment activity this year.

For 2019, the CICC expected the real GDP growth to remain robust at 6.9 percent.

With higher expectations for growth and inflation, the CICC forecast that China's central bank will raise the benchmark deposit and lending rate by 25 basis points this year.

China's GDP expanded 6.9 percent year on year in the first three quarters, above the government's yearly target of 6.5 percent. The official GDP number for the whole year of 2017 is scheduled to be released next week.

http://www.ecns.cn/business/2018/01-09/287622.shtml

As long as around upper 6 and lower 7%, it is all good. Just as planned

Just add another India every 2-3 years.

More than a turkey ever year?

 

[damm1t]

Since when Turkey is nearly developed?
Turkey's life expectancy is shorter than China's.

Development level = Life expectancy ? Lol so Malta and S. Cyprus more developed than the US ... Dealing with idiots..

 

[seesonic]

If you talk to Chinese and foreigners living in China it is all but bright and shiny. Anyone who believes there has been a significant amount of wasted investment in China must accept that reported GDP growth overstates the real increase in wealth by the failure to recognise the associated bad debt. Were it correctly written down, by some estimates GDP growth would fall below 3 per cent.
In the mean time the debt is above 300% of the GDP. The yuan is kept under strict control but sooner or later you will have to trade the currency and open your financial market.
Many Chinese are moving their factories and offices in South East Asia, Australia and even Japan because the situation is "getting complicated".
Now you are trying to switch from a manufacturing based to a service based economy to avoid the collapse. The point is that you have no "China" brand and no appeal, despite the massive marketing campaigns of your government. For decades you sold cheap and faulty products. It is true that the quality is improved, but how do you expect to have people buying your stuff at a premium price?
When banks and financial institution blow in one direction..it is time to worry.

There is also another disturbing reality which is the Chinese government obsession with censorship, information control and other form of limitation not only in China but also abroad. Have you ever asked yourself why?

Hillarious, a turkish man criticizing the chinese economy.

I have issue with your take on the chinese yuan, interestingly similiar to indians perspective on the yuan i would like to point out that Russia, Iran, Saudi Arbia is accepting payments made in RMB for their oil trade.

Would your oil trade with any of these countries accept TRY/IDR ?

Its funny how a turkish would criticize chinese made products when Turkey no1 importer is China.

So Turks are enjoying affordable chinese products while criticising its quality? Why not import everything from Germany? I wanna see how a country with a per captial of 11000 can afford Siemens appliances

 

[AndrewJin]

Could we stop talking about Turkey and likes?
Even talking about India is more meaningful when we mention about the world economy....
Insane...talking about a country with a smaller economy than one Chinese province....
Let's focus on the real players......