What if China’s economic expansion is about to slow? (statistics, gasoline)
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Investors and pundits alike have shown unbounded excitement, and some anxiety, about China’s economic growth. Extrapolating current trends, some forecasters predict that China’s economy will vault ahead of America’s in 15 years. Yet simple extrapolation is the economists’ poorest guide. To accurately map the future, we need to consider whether the factors that fueled China’s rapid growth in past decades will continue in years to come.
Well, they have three times the population of the U.S. It is only natural that their economy would reflect that. If, and when, they pass the U.S., their per capita statistics would still be far behind the U.S. I still think China's economy will slow considerably in the coming decades, though.
Chinas growth is fake, here are a couple examples.
First, the South China mall in Dongguan, China is the largest mall in the world (in leasable square feet) with a 1,500 store capacity, built in 2005. Currently, it is 99% UNOCCUPIED.
Second, the city of Ordes, China is a city with office towers, government buildings, entertainment centers and enough duplexes, apartments and housing for over one million people. Unfortunately, it is obvious that they won’t always come if you build it. The city is virtually empty.
China has done a good job of trying to create demand by creating supply. Unfortunately, this does not always work. This economic strategy by China could create problems in the future. Ordos, China: A Modern Ghost Town - Photo Essays - TIME
Chinas growth is fake, here are a couple examples.
First, the South China mall in Dongguan, China is the largest mall in the world (in leasable square feet) with a 1,500 store capacity, built in 2005. Currently, it is 99% UNOCCUPIED.
Second, the city of Ordes, China is a city with office towers, government buildings, entertainment centers and enough duplexes, apartments and housing for over one million people. Unfortunately, it is obvious that they won’t always come if you build it. The city is virtually empty.
China has done a good job of trying to create demand by creating supply. Unfortunately, this does not always work. This economic strategy by China could create problems in the future. Ordos, China: A Modern Ghost Town - Photo Essays - TIME
That's correct. China is wrong. US right. Just put it this way, if China don't supply US with their money, the Chinese will be out of jobs.
China is already trying to slow ther growth rate to make it managble.
China cannot slow their grow if they want to continue pegging the Yuan to Dollar. By pegging, mean when US print, China print. When you have all these new money, it has to go somewhere.
With rampant inflation and skyrocketing gasoline prices that are hitting their citizens substantially harderthan they're hitting the typical US citizen, that's not likely to happen.
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