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dorlomin
Light Sweet Crude
Joined: Aug 05, 2007
Posts: 1004
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 Posted: Wed Apr 16, 2008 6:48 am Post subject: Re: The Last Days of Cheap Chinese |
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Rather than start a new thread, I thought I would add this hear as a sort of general Chinese economy thread.
Still growing. The first quarter shows growth of over 10% inspite of slowing demand from America and those increadible freezes.
| Quote: | | Inflation climbed to 8.7 percent in February |
| Quote: | | Urban disposable incomes climbed 11.5 percent in the first quarter from a year earlier to 4,386 yuan ($627), the statistics bureau said. Rural earnings rose 18.5 percent to 1,494 yuan. |
| Quote: | | Retail sales climbed 21.5 percent last month, the fastest pace since at least 1999, when Bloomberg data began. |
So it looks like China is still growing in real terms. It is also starting to consume more of its own produce. Irony of irony to see a marxist government of China redistributing wealth from the west to Asia using free trade. Ofcourse the redistribution of wealth follows the redistribution of labour.... they worked for this wealth the hard way.
Perhaps a prolonged period of recession and weaker demand from America can help stem global comodity inflation and see the Chinese refocus on increasing the pace of internalising growth.
They will never have US standards of living, but they are aiming for moderate wealth and may be on the way there now. Many many obsticles on that path though. |
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anagami
Light Sweet Crude
Joined: Jul 26, 2006
Posts: 1655
Location: Sudavasa Abodes
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| Posted: Wed Apr 16, 2008 8:20 pm Post subject: Re: The Last Days of Cheap Chinese |
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| dorlomin wrote: | Rather than start a new thread, I thought I would add this hear as a sort of general Chinese economy thread.
Still growing. The first quarter shows growth of over 10% inspite of slowing demand from America and those increadible freezes.
| Quote: | | Inflation climbed to 8.7 percent in February |
| Quote: | | Urban disposable incomes climbed 11.5 percent in the first quarter from a year earlier to 4,386 yuan ($627), the statistics bureau said. Rural earnings rose 18.5 percent to 1,494 yuan. |
| Quote: | | Retail sales climbed 21.5 percent last month, the fastest pace since at least 1999, when Bloomberg data began. |
So it looks like China is still growing in real terms. It is also starting to consume more of its own produce. Irony of irony to see a marxist government of China redistributing wealth from the west to Asia using free trade. Ofcourse the redistribution of wealth follows the redistribution of labour.... they worked for this wealth the hard way.
Perhaps a prolonged period of recession and weaker demand from America can help stem global comodity inflation and see the Chinese refocus on increasing the pace of internalising growth.
They will never have US standards of living, but they are aiming for moderate wealth and may be on the way there now. Many many obsticles on that path though. |
China (most of Asia?) is becoming the factory of the World, they can still export to many other markets. But it will be nice that there environmental standards rised with their economic growth.
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DomusAlbion
Moderator
Joined: Dec 08, 2004
Posts: 1542
Location: Nez Perce Nation
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| Posted: Wed Apr 16, 2008 8:29 pm Post subject: Re: The Last Days of Cheap Chinese |
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I'll miss the Chinese. I like them.
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"Modern Agriculture is the use of land to convert petroleum into food."
-- Albert Bartlett
"It will be a dark time. But for those who survive, I suspect it will be rather exciting."
-- James Lovelock |
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Euric
Intermediate Crude
Joined: Dec 04, 2004
Posts: 633
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| Posted: Wed Apr 16, 2008 11:33 pm Post subject: Re: The Last Days of Cheap Chinese |
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| heroineworshipper wrote: | | If Chinese stop taking dollars, it's time for more regime change. |
Except that the regime change will be in Washington and not Beijing and it won't be by the ballot box. |
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Euric
Intermediate Crude
Joined: Dec 04, 2004
Posts: 633
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| Posted: Wed Apr 16, 2008 11:39 pm Post subject: Re: The Last Days of Cheap Chinese |
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| seahorse wrote: | | Kunstler has warned of this problem for years, as well as many others. The beginning of the end for the 1,000 mile long salad. |
It is the beginning of the end for all of those who can't measure in world standard measurement units, meaning SI. Americans are destroying any chance of a future economic recovery by continuing to embrace obsolete measurements. |
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Keith_McClary
Light Sweet Crude
Joined: Jul 21, 2004
Posts: 1248
Location: Suburban tar sands
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| Posted: Wed Apr 23, 2008 12:46 am Post subject: Re: The Last Days of Cheap Chinese |
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| Ferretlover wrote: | | This ought to wake up the sheeple a bit more (provided their alarm clocks are not Chinese) |
How do I tell if my clock is Chinese?
| Ferretlover wrote: |
Remember about 15-20 years ago when everyone put down the cheap Japanese junk in the marketplace? |
More like 40 years ago? |
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efarmer
Heavy Crude
Joined: Mar 17, 2006
Posts: 455
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| Posted: Wed Apr 23, 2008 3:53 pm Post subject: Re: The Last Days of Cheap Chinese |
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When it goes off in the morning do the bells make a:
LING! LING! LING!
Sound? |
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cube
Fusion
![]()
Joined: Mar 12, 2005
Posts: 3375
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| Posted: Wed Apr 23, 2008 10:42 pm Post subject: Re: The Last Days of Cheap Chinese |
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| dorlomin wrote: | Rather than start a new thread, I thought I would add this hear as a sort of general Chinese economy thread.
.... |
http://www.reuters.com/article/latestCrisis/idUSSP109746
no need to read the full article these quotes say enough
| Quote: | | Every year, millions of Chinese are hitting the streets on "e" bikes - battery-powered contraptions that are increasingly popular as soaring fuel prices make traditional motorbikes and scooters expensive to drive. |
| Quote: | | Yet a 48-volt bike battery uses just under 10 kilogrammes of lead, similar to that used by a medium-sized car like a Toyota Camry. They last for about a year, compared with over three years for a typical car battery. |
| Quote: | | Lead has been the star performer on the London Metal Exchange and is up by 130 percent this year. |
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mos6507
Fusion
Joined: Aug 03, 2007
Posts: 3154
Location: Boston Suburbs
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| Posted: Thu Apr 24, 2008 4:35 am Post subject: Re: The Last Days of Cheap Chinese |
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| cube wrote: | | dorlomin wrote: | Rather than start a new thread, I thought I would add this hear as a sort of general Chinese economy thread.
.... |
http://www.reuters.com/article/latestCrisis/idUSSP109746
no need to read the full article these quotes say enough
| Quote: | | Every year, millions of Chinese are hitting the streets on "e" bikes - battery-powered contraptions that are increasingly popular as soaring fuel prices make traditional motorbikes and scooters expensive to drive. |
| Quote: | | Yet a 48-volt bike battery uses just under 10 kilogrammes of lead, similar to that used by a medium-sized car like a Toyota Camry. They last for about a year, compared with over three years for a typical car battery. |
| Quote: | | Lead has been the star performer on the London Metal Exchange and is up by 130 percent this year. |
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We're kind of at an optimal balance right now (well, all things considered) But our global population is at such a level that anything that a significant chunk of the planet starts doing that it wasn't doing before has big consequences. |
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outcast
Heavy Crude
Joined: Apr 21, 2008
Posts: 172
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| Posted: Thu Apr 24, 2008 11:40 am Post subject: Re: The Last Days of Cheap Chinese |
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Actually the chinese government has been taking measures (such as slashing the export tax rebate) to push the low cost manufacturers to places further inland that need the devlopment and employment or to go over the border to Vietnam or Cambodia. This is only accelerating something that started earlier in the year.
| Quote: | | Yet a 48-volt bike battery uses just under 10 kilogrammes of lead, similar to that used by a medium-sized car like a Toyota Camry. They last for about a year, compared with over three years for a typical car battery |
I always wondered why those things were so heavy. |
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Twilight
Expert
Joined: Mar 02, 2007
Posts: 2971
Location: UK
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