China's GDP has surpassed that of the European Union for the first time in history

[cal127]

we dunno how this pans out

2022 is primed for an exciting year at least

2022? This was supposed to be China’s century according to Chicoms here. It'd be both interesting and amazing how a few short years can change everything. The demographic challenge demonstrated with the record low birth rate seems worthy of mentioning. CCP are trying to do something about it, so in 20+ years we should see the fruits of that. (It's by no means a China only issue, but there are some uniquely CCP policies that exacerbated it.)

At bare minimum you can expect the economy of Communist China to keep slowing down. Per the urbanization rate in Communist China as of 2020 was 64%. Probably that increased in 2021. Not too far to go to reach 80% urbanization which probably an end point. Communist China is building new housing at a rate of 1.5% per year so it would have 10 year of construction left at that rate. Then 30% of its GDP disappears. But it is worse than that. Communist China has empty housing representing about 7% urbanization. Thus they may have only 5 more years of housing construction at the present rate. They are going to need a much bigger propaganda department.

 

[desmodeus]

few people realise that china domestic consumption is increasing all the time

 

[danguard]

2022? This was supposed to be China’s century according to Chicoms here. It'd be both interesting and amazing how a few short years can change everything. The demographic challenge demonstrated with the record low birth rate seems worthy of mentioning. CCP are trying to do something about it, so in 20+ years we should see the fruits of that. (It's by no means a China only issue, but there are some uniquely CCP policies that exacerbated it.)

At bare minimum you can expect the economy of Communist China to keep slowing down. Per the urbanization rate in Communist China as of 2020 was 64%. Probably that increased in 2021. Not too far to go to reach 80% urbanization which probably an end point. Communist China is building new housing at a rate of 1.5% per year so it would have 10 year of construction left at that rate. Then 30% of its GDP disappears. But it is worse than that. Communist China has empty housing representing about 7% urbanization. Thus they may have only 5 more years of housing construction at the present rate. They are going to need a much bigger propaganda department.

if covid is any measure or yardstick of a nations performance

u can see vastly how superior they had been in turning around response and effects as compared to other nations proclaiming they are more modern though

just IMO though

 

[dannytan87]

2022? This was supposed to be China’s century according to Chicoms here. It'd be both interesting and amazing how a few short years can change everything. The demographic challenge demonstrated with the record low birth rate seems worthy of mentioning. CCP are trying to do something about it, so in 20+ years we should see the fruits of that. (It's by no means a China only issue, but there are some uniquely CCP policies that exacerbated it.)

At bare minimum you can expect the economy of Communist China to keep slowing down. Per the urbanization rate in Communist China as of 2020 was 64%. Probably that increased in 2021. Not too far to go to reach 80% urbanization which probably an end point. Communist China is building new housing at a rate of 1.5% per year so it would have 10 year of construction left at that rate. Then 30% of its GDP disappears. But it is worse than that. Communist China has empty housing representing about 7% urbanization. Thus they may have only 5 more years of housing construction at the present rate. They are going to need a much bigger propaganda department.

is RCEP goes well, PRC economy is not going to slow down.... stagnant maybe.......

 

[danguard]

few people realise that china domestic consumption is increasing all the time

yes

and they can sustain locally their own

and even export a lot of nations wants it

 

[erwinrommel]

Impressive. I think TS is now feeling high for some unknown reason.

Mind sharing how much percentage of GDP the PRC real estate constitutes compared to other countries?

 

[dannytan87]

japan south korea china FTA signed recently is the most important one....

 

[dannytan87]

Impressive. I think TS is now feeling high for some unknown reason.

Mind sharing how much percentage of GDP the PRC real estate constitutes compared to other countries?

tiagong PRC are changing to invest in rolex hahaha..... hope real estate crisis will have a soft landing....

 

[MiG123]

Jin xia xuay, took them this long with 1.4billion heads to exceed economic output of continent with only 25% of the headcount…

the average chinese is still worse off on a gdp per capita basis than someone from Costa Rica or Trinidad and tobago

 

[WeiHan]

Somebody talk about China's GDP per capita is US$12000 but median income is only US$300. Just to raise awareness, this is the same with every economy in the world. The actual median or average income is always just half or less than the GDP per capita on paper. For example, Singapore GDP per capita is US$67,000 now, the median is also about half of that or less.

 

[Ratedg2]

2022? This was supposed to be China’s century according to Chicoms here. It'd be both interesting and amazing how a few short years can change everything. The demographic challenge demonstrated with the record low birth rate seems worthy of mentioning. CCP are trying to do something about it, so in 20+ years we should see the fruits of that. (It's by no means a China only issue, but there are some uniquely CCP policies that exacerbated it.)

At bare minimum you can expect the economy of Communist China to keep slowing down. Per the urbanization rate in Communist China as of 2020 was 64%. Probably that increased in 2021. Not too far to go to reach 80% urbanization which probably an end point. Communist China is building new housing at a rate of 1.5% per year so it would have 10 year of construction left at that rate. Then 30% of its GDP disappears. But it is worse than that. Communist China has empty housing representing about 7% urbanization. Thus they may have only 5 more years of housing construction at the present rate. They are going to need a much bigger propaganda department.

Their corporate debt is ballooning out of control. Going to be as large as US gov debt at 27+ trillion

 

[regionmaster]

Who ask them kick UK out

 

[dannytan87]

Somebody talk about China's GDP per capita is US$12000 but median income is only US$300. Just to raise awareness, this is the same with every economy in the world. The actual median or average income is always just half or less than the GDP per capita on paper. For example, Singapore GDP per capita is US$67,000 now, the median is also about half of that or less.

PRC is a developing nation..... 1.5k RMB or 300rmb still ok........ JHK here from johor is like getting 1.4k SGD to work in factory..... and somemore they need to spend in singapore for some stuff.....

1.5k RMB spend in PRC is possible for tier 3 4 cities....

 

[lala24]

Fake news la.

Their statistics u believe?

Agree. Kaki gong kaki song
From the country of copycats and fake products

 

[lala24]

Who ask them kick UK out

Harlow its uk dont want lah

 

[erwinrommel]

tiagong PRC are changing to invest in rolex hahaha..... hope real estate crisis will have a soft landing....

My prc colleagues and friends kept kpkb about the price of an apartment in China. And they were talking about the apartments in second tier cities being out of reach for them. A common saying is a married couple needs 4 wallets to purchase an apartment, which is weird because China is so large with plentiful land.

i didn’t do a thorough search, but their real estate constitutes 29% of the country’s entire gdp!

 

[dannytan87]

My prc colleagues and friends kept kpkb about the price of an apartment in China. And they were talking about the apartments in second tier cities being out of reach for them. A common saying is a married couple needs 4 wallets to purchase an apartment, which is weird because China is so large with plentiful land.

i didn’t do a thorough search, but their real estate constitutes 29% of the country’s entire gdp!

its in the genes... haha..... chinese will always buy homes.... 包租公 收租...... boom and bust cycle ba.... hope got soft landing for those ppl lor..... just like 2008 subprime mortgage crisis....

 

[Hardware4455]

GDP (PPP) PER CAPITA:

EU - $44,765
China - $17,204

Per Capita exceed EU first then talk

for a population of that insane amount. Anything above 15k is very impressive already

 

[tth1311]

cant trust tiong given number

 

[xcodes]