Videos about manufacturing, China

The West’s ongoing economic (and technology) war on China

The West wants no peers, only slaves.

With Ben Norton ...

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Bonus film : What is the West's mindset today ? - with Michael Brenner and Neutrality Studies ...

  Plus more videos ...

 

China – economic outlook – part 2

Quality of life and harmony. Don't miss it.

With Radhika Desai, Michael Hudson and Mick Dunford ...

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YT comment :

"Unlike the West, China doesn't want to beggar their neighbors. China has learned that enriching your neighborhood increases your business opportunities."

China’s economic prospects

The similarities between China today and Japan in the 1980s may look ominous. But China’s boom is unlikely to give way to prolonged slump.


CHINA rebounded more swiftly from the global downturn than any other big economy, thanks largely to its enormous monetary and fiscal stimulus. In the year to the fourth quarter of 2009, its real GDP is estimated to have grown by more than 10%. But many sceptics claim that its recovery is built on wobbly foundations. Indeed, they say, China now looks ominously like Japan in the late 1980s before its bubble burst and two lost decades of sluggish growth began. Worse, were China to falter now, while the recovery in rich countries is still fragile, it would be a severe blow not just at home but to the whole of the world economy.


[...] Scary stuff. However, a close inspection of pessimists’ three main concerns—overvalued asset prices, overinvestment and excessive bank lending—suggests that China’s economy is more robust than they think.


http://www.economist.com/world/asia/displaystory.cfm?story_id=15270708


It is worth reading the comments too.

China’s economy surges ahead

China becomes the world's largest car market

China's auto market, which overtook the United States as the world's largest earlier this year thanks to a raft of policy incentives, has been a major bright spot amid a global industry downturn.

In the first 11 months, a total of 9.23 million passenger cars were sold in the country, up 49.70 percent from a year earlier, data provided by the China Association of Automobile Manufacturers showed.

The people power behind 'Made in China' is increasingly affluent as wise governance sees China surge ahead.

http://www.reuters.com/article/idUSTRE60722O20100108

December 2009 trade boom

Growth in China's exports and imports last month flew past expectations, providing fresh evidence of the vigour of the economy and strengthening the case for Beijing to let the yuan start climbing again.

Exports leapt 17.7 percent from a year earlier, dwarfing the 4.0 percent rise forecast by economists and breaking a 13-month streak of year-on-year declines; imports surged 55.9 percent, much more than the 31.0 percent increase markets had expected.

http://www.reuters.com/article/idUSSGE60A01620100111?type=usDollarRpt

China to be world's largest consumer market within next decade

BEIJING (Reuters) - Household income in China surged in the last six years, especially for top earners, putting the country on track to eclipse the United States as the biggest consumer market in a decade, Credit Suisse said in a report on Tuesday (11th Jan. 2010).

The bank's survey of 2,700 respondents showed a big rise in property and car purchases, underscoring why many investors are betting big on a rise in China's consumer sector.

"The next big theme for China in the new decade is the rise of private consumption, in our view," said Dong Tao, China economist with Credit Suisse in Hong Kong. "It is likely to provide a badly needed source of spending for the rest of the world, promoting a global rebalance of trade, consumption and growth."

Based on growth in household income and estimates of economic growth, he expects the share of China's private consumption to GDP to reach 23.1 percent in 2020, just surpassing the U.S. ratio at 22.9 percent. Critics accuse China of contributing to global economic imbalances by saving too much. However, the amount that Chinese consumers save relative to household income has dropped to 12 percent in 2009 from 26 percent in 2004.

http://www.reuters.com/article/idUSTRE60B1NU20100112

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