Also ChinaDaily has finally gotten a two child article up - See: http://www.chinadaily.com.cn/china/2015-10/29/content_22312495.htm
That university scholar needs to consider that few of those 90 million couples can afford to have a second child.http://www.chinadaily.com.cn/business/2015-10/30/content_22325870.htm said:The universal two-child policy will likely add an average of 2.5 million newborns per year,unleashing 75 billion yuan ($11.8 billion) in additional consumption, said a scholar of PekingUniversity. ... 90 million couples will become eligible to have a second child.
The estimate is based on the prediction that each child brings an average of 30,000 yuanexpense each year, Liang Jianzhang, professor of economics at Peking University, toldSecurities Times. He added that the government is expected to expand its annualinfrastructural investment by 225 billion yuan over the next five to 10 years.
Just "permission" is not enough. Each child added is great increase in cost to the family. Much more so relative to their income than in the US. What the CCP must do and soon is financial reward for each child - say a 50,000 yuan birthday present on child's first birthday and huge increase in the availablity of free day care centers, so both parents can continue working. This is sort of "helicopter money" that will stimulate the economy and replace the billions of yuan that once were dropped on the SOEs as stimulus to the export based economy China is now ending.
Part of why China trades more with EU than the US.http://www.chinadaily.com.cn/world/2015-10/30/content_22313198.htm said:China signed a $17 billion deal on Thursday to buy 130 jets from European multinational aerospace and defense corporation Airbus Group SE.
The deal was one of 13 witnessed by Premier Li Keqiang and German Chancellor Angela Merkel following a meeting between the two leaders in Beijing.
http://usa.chinadaily.com.cn/business/2015-11/07/content_22395174.ht said:China will continue with prudent monetary policies, a central bank report said on Friday. The central bank will maintain continuity and stability of policies and carry out preemptive tuning and fine tuning, said the report on the execution of monetary policies in the third quarter.
On the one hand, the central bank will guard against slumping monetary demand amid restructuring and on the other hand too much liquidity should not be pumped into the market, it said. Lending and social financing will grow in a reasonable way with the help of monetary policy tools, it said.
* That may be more of "prosperity index" than a GDP index, but even correcting for inflation of a few percent, > 10% annual increase in liquid wealth is not bad, and helps China make a faster transition to a consummer lead economy.Monetary policies should be channeled to the real economy more efficiently with the help of the adjustment functions of prices, according to the report. Comprehensive measures will be taken to keep financial stability and guard against systemic and regional financial risks, it said.
M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.1 percent year on year* to 135.98 trillion yuan ($22.29 trillion) at the end of September. The pace was faster than 12.2 percent at the end of last year.
Do you read anything other than Chinese state propaganda?Listed below are China's “big 10” from: http://www.chinadaily.com.cn/business/2015-09/16/content_21886983.htm
China builds about 766 million tons of vessels annually, accounting for 45.1 percent of the world's total and triple the average per 1,000 people in other parts of the world each year. See photo at end and nine more at above link.
produces about 1.8 billion tons of coal (oil equivalent) annually, taking up 48.2 percent of the world's total. Its per capita production is also triple the average of other parts of the world.
Pork bred by China contributes 49.8 percent of the total worldwide, hitting 1.5 million tons annually. That means for each person in China 40 kilograms are produced annually, six times rest of the world's average.
China annually produces 1.8 billion tons of cement, which accounts for 60 percent of the world’s supply. Per capita production is more than six times the average of other parts of the world.
The number of shoes made in China annually reaches 12.6 billion, taking up 63 percent of the world's total. Its per capita production stands at 10 pairs, about eight times the average of other parts of the world.
China makes about 70.6 percent of global mobile phones, 1.77 billion annually. Per capita phone production is 10 times the average of other parts of the world.
Overall {energy generation} capacity of solar cells hits 21.8 million kW annually, 80 percent of the world total.
The country's 4.3 billion energy-saving lamps {compact fluorescent} account for 80 percent of the global total, with each person producing 3.2 lamps annually - 16 times the average of other parts of the world.
China makes 80 percent of the world's air conditioners - that's 109 billion annually. Per capita production is 17 times the average of other parts of the world.
China produced 286.2 million personal computers in 2014, accounting for 90.6 percent of the world's total. The per capita production was 40 times the average of other parts of the world.
Billy T notes: Only the shoes still reflect the “low value added sweat shop labor” China was known for two decades ago.
Link has an interesting photo, like one below, for each of these 10 areas where China dominates the world.
Yes, I also look at the photos given with that "propaganda" but you must think they are all just "photo -shopped" -false propaganda too.Do you read anything other than Chinese state propaganda?
Also of interest, and part of China's bid to be part of the IMF's SDRs is: http://www.bloomberg.com/news/artic...irect-conversion-between-yuan-and-swiss-franc - - Direct free swaping of yuan and S. Franks means in two steps, the yuan is freely convertible into ANY currency now.http://www.chinadaily.com.cn/hkedition/2015-10/26/content_22280859.htm said:As a significant component of the US' pivot to Asia strategy, the TPP pact seeks to create one of the largest free economic areas in the world, accounting for 40 percent of the global economy. Apart from the inclusion of lower or zero tariffs, it also includes rules regarding tradein invisibles, intellectual property, environmental protection, labor standards, competitiveneutrality, and more. It is regarded as the multilateral free trade agreement (FTA) with the highest levels of freedom in the Asia Pacific area. The maneuvers behind the TPP have sparked concern that the US is trying to restrict China not only militarily, but also economically.
But I have a different attitude toward the TPP. It seems somewhat far-fetched to suggest that the US can stop China's development merely by achieving the TPP agreement. China has already been a leading economy globally. In international trade, the country is the largest exporter as well as the second largest importer. China has the world's biggest population. There is no way China can be isolated from international economic cooperation.
I believe the impact will be slight. This is because Singapore, Malaysia, Vietnam and Brunei are in the ASEAN Free Trade Area framework with China; while Australia, NewZealand, Peru and Chile have signed bilateral FTAs with China. There will certainly be more FTAs signed between China and other economies in future. Besides, FTAs already exist among the US, Singapore, Mexico and Canada; the TPP only maintains the status quo of zero tariffs among them.
International politics have much to do with countries' interests - especially economic interests. The "Belt and Road" initiative involves more than 65 countries and 4.4 billion people (61 percent of the world's population). And the related Asian Infrastructure Investment Bank has attracted more than 50 countries. This includes traditional allies of the US.
The US has deliberately excluded China from the TPP to prevent it from setting the future rules of international trade. But as part of the process of economic transformation, China is seeking a way to cooperate with other countries - the Shanghai, Guangdong and Tianjin free trade areas are the pilot projects. The TPP has not stopped China from developing its own rules; it has actually reinforced China's "Belt and Road" initiative by setting an example. Indeed, theChinese government has reacted quite calmly toward the achievement of the TPP. I believe this is because of the difficulties it experienced when applying to join the World Trade Organization. After that, China is not afraid of any rules, as long as they are fair and just.
Yes, I also look at the photos given with that "propaganda" but you must think they are all just "photo -shopped" -false propaganda too.
Can you at least show one claim is false - I.e. is just propaganda, not fact.
I think not as your implied claim that the the big ten facts are false still smells from the rectal place you pulled it out of (even thru the internet).
It appears that ChinaDaily did not even originated the big ten claims - they came from the International Business Times; but the true originator was two US banks - read the fine print in lower right hand corrner of the long graphic below.
My computer was one of the >90% made in China. Where was yours made?
Old Chinese saying (I just made up): "A head in the sand is more dangerous that one seeing the truth."
Later, by edit: I briefly looked to find non-Chinese support for these ChinaDaily's published claims, but stopped as the burden of showing them false "propaganda" is yours. I did however notice N0 11:
" China also manufactures 90% of the world's containers." here: https://en.wikipedia.org/wiki/Shipping_industry_of_China
I also noted here http://www.theatlantic.com/china/ar...minance-in-manufacturing-in-one-chart/278366/ the following that confirms most of the "big ten" facts:
Interesting article / POV on TPP by the President of the Hong Kong Manufactures Association, Eddy Li: Also of interest, and part of China's bid to be part of the IMF's SDRs is: http://www.bloomberg.com/news/artic...irect-conversion-between-yuan-and-swiss-franc - - Direct free swaping of yuan and S. Franks means in two steps, the yuan is freely convertible into ANY currency now.
No I quoted ChinaDaily as saying that. They in turn, without giveing credit (They plagerized), from either the International Bussiness Times or The Atlantic's article - I can not tell which. Both of them, where these very same facts (for 2011 production) do come from do give credit to the true originators: A report by Bank of America / Merrill Lynch called: "Not so Trivial Facts" that was editied by David Ciu.Well here is the thing BillyT, you are responsible for vetting your sources. It isn't the responsibility of others to do it for you. One of your problems BillyT is you don't vet your sources. You just blindly accept whatever a source tells you if it comports with your beliefs or the memes you are selling. Let's look at the pork production claims. You claim China produced 49.8% of all pork produced in the world. ...
No I quoted ChinaDaily as saying that. They in turn, without giveing credit (They plagerized) from either the International Bussiness Times or The Atlntic's article - I can not tell which. Both of them, where these very same facts (for 2011 production) do give credit to the true oringinators: A Bank of America / Merrill Lynch report called: "Not so Trivial Facts" that was editied by David Ciu.
Thus all the facts came from US source(s) that few would dispute as you do. True, I did not trace these facts back to their US origin, until you questioned them and called them "Chinese Propaganda."
I read the China Daily English version almost every day, often quote from it as not once has any article I quoted later proven to be false. You in knee-jerk fashion, pulled your statment that these facts are false out of your smelly rectal loction with no supporting evidence. One thing is certain - China only plagarized from US sources, did not invent these fact.
One thing that may help resolve the conflict between this US data and the US sources you quoted, is different meaning for "Chinese produced." China produces a lot of pork in the US where corn is much cheaper. About three years ago China bought Smithfield Hams - the largest producer of pork products in the USA (and several smaller ones too) Smithfield Hams is fully vertically integrated - they grow their own corn, keep breeding sows, slauter pigs, package pork products and even deliver them to regional distribution centers.
From above photo, looks like jobs are going to Chinese too, even in the US.http://money.cnn.com/2013/05/29/news/companies/smithfield-foods/index.html said:On Wednesday, {May 2013} Virginia-based Smithfield Foods (SFD), the world's largest processor of pork, announced that it was being bought by Chinese meat producer Shuanghui International for nearly $5 billion. It is the biggest announced acquisition of a U.S. company by a Chinese buyer. The deal makes sense: China's pork consumption has been steadily increasing.
China is already the world's largest producer and consumer of pork. In China, per-capita pork consumption last year was 86 pounds, up from 70 pounds in 2002, said Mark Schultz, chief analyst with Minneapolis-based Northstar Commodity Investment. At the same time, Americans are eating less pork. Per-capita pork consumption in the U.S. was 58 pounds last year, down from 66 pounds in 2002.
"China already produces an adequate supply of 470 million hogs a year versus about 100 million hogs in the U.S.," said Schultz. "The question is how much more can you expand the production before you're limited by space and other issues."
I did, twice already. Look at the small print in the lower right hand corner of long graphic in post 928. That tells the original source is report by Bank of America / Merrill Lynch called: "Not so Trivial Facts"Yeah, I have noticed you are a loyal and avid reader of the China Daily. If the China Daily is guilty of plagiarism, then you should be able to prove it. ...
From above photo, looks like jobs are going to Chinese too, even in the US.
I did, twice already. Look at the small print in the lower right hand corner of long graphic in post 928. That tells the original source is report by Bank of America / Merrill Lynch called: "Not so Trivial Facts
How many times must I tell your this - Three now should be enough.
Also the 5 billion dollar company China bought is called "Smithfield FOODS, not hams. They grow in US many tons of chickens that are shipped to China too. Even the feet and lower legs, which in China are considered a chewy delicacy.
http://www.bloomberg.com/news/articles/2015-11-11/china-factory-output-investment-sluggish-as-old-economy-slows said:Quick Summary:
The latest data suggests that China's attempt to rebalance away from a purely industrial economy to one driven more by consumption is bearing fruit. Industrial output in China rose 5.6 percent in October, matching March’s reading as the weakest since 2008. Retail sales, on the other hand, beat expectations climbing 11 percent in October, the quickest this year. Today {11/11, for taking care of "No. 1"} is Singles' Day, an online shopping event in China, which Alibaba Group has been promoting since 2009.
- Retail sales beat forecasts as Singles' Day smashes record
- Fixed-asset investment growth slows to weakest pace since 2000
https://sg.finance.yahoo.com/news/china-factory-output-investment-sluggish-053417660.html said:China’s industrial output matched the weakest gain since the global credit crisis last month, while retail sales accelerated, underscoring a shift in the economy toward greater reliance on consumer spending as old growth engines falter. The good news is that signs of vibrancy in China’s swelling urban middle class abound: sales at retailers climbed by the most this year, and that was before Wednesday’s Singles Day -- a record shopping extravaganza championed by Alibaba Group Holding Ltd.[/B]
Also why Retail sales "beat expectations climbing 11 percent in October" as first quote states, despite industrial output (sort of measure of items for export) was lowest since 2008.http://www.bloomberg.com/news/articles/2015-11-10/why-alibaba-is-having-singles-day-in-beijing-for-first-time said:“Chinese consumers have a lot of money in their hands,” said Chen Xingdong, chief China economist at BNP Paribas SA in Beijing.
http://seekingalpha.com/news/2922276-investors-not-impressed-with-alibabas-singles-day?ifp=0 said:Alibaba's (NYSE:BABA) astronomical Singles Day sales failed to boost its stock price, ... The e-commerce giant handled $14.3B in sales over the 24-hour shopping period, a 60% increase compared to 2014.
http://www.bloomberg.com/news/articles/2015-11-16/here-s-one-more-way-china-is-trying-to-win-the-future-of-africa said:A growing body of Africans are studying in China, where the cost of living is in most cases cheaper than big cities in the U.S. and Europe. The Chinese government often sweetens the deal with perks like scholarships, living allowances and round-trip airfare.
Resource hungry China is paying more attntion to resource rich Africa than any "western nation" is. China operates with a longer term time horizon than the western nations do - a 50 year plan made of 10 five year plans. Admittedly the more distant ones are in general terms only that get their details ever more filled in as they come closer to the present.The number of African students attending Chinese higher-learning institutes jumped an annual average of 35 percent over the past decade, reaching a record 41,677 in 2014, according to Ministry of Education data. That compares with the U.S., where the enrollment of sub-Saharan African students rose to 33,593 in 2014-15 but remains below levels reached before the financial crisis. Britain last year granted the lowest number of student visas to Africans—20,937—in eight years, government data show.