Talk:Economy of China/Archive 1

"China"/"PRC" vs. "mainland China" for page titles

Following the long discussion at Wikipedia talk:Naming conventions (Chinese) regarding proper titling of Mainland China-related topics, polls for each single case has now been started here. Please come and join the discussion, and cast your vote. Thank you. — Instantnood 14:49, Apr 9, 2005 (UTC)

Edits by Huaiwei and SchmuckyTheCat

Huaiwei modified the page by adding reference to Hong Kong and Macao. SchmuckyTheCat slightly revised the wordings of Huaiwei's edits. The edits are now reverted, pending to discussions. — Instantnood 07:04, Apr 10, 2005 (UTC)

My edits to this page and Economy of China were done to show Ran how it can be presented as per Wikipedia_talk:Naming_conventions_(Chinese)/NPOV/China_or_PRC_vs._mainland_China, considering he complains that this format gives the impression that the two SARs are not part of the PRC. You can hold on to your horses in this one.--Huaiwei 10:51, 10 Apr 2005 (UTC)

Your proposal on how the page can be revised should be done on your personal name space, or at the sandbox. An 8-digit number is generated as a unique url to each edit, and you can provide a hyperlink to the url in the discussion. You shouldn't have changed the page that is disputed with no consensus. — Instantnood 16:29, Apr 10, 2005 (UTC)

Dragon chips

• i couldn't find anything about these 'dragon' chips that are supposedly to take on the likes of intel and AMD, could someone find some info on it? and also clarrify what they are? it says "chips" but perhaps it should be "micro-processors" -=shrewd.user=- - 203.26.24.212 07:11, July 11, 2005 (UTC)

  Is this what you are looking for? :-) — Instantnood 08:09, July 11, 2005 (UTC)

• That isn't what he's looking for and Motorola isn't a Chinese company. [1] He's looking for that, I don't know whether we have an article on it. SchmuckyTheCat 13:35, 11 July 2005 (UTC)

  That's terrible.. :-) — Instantnood 15:15, July 11, 2005 (UTC)

It's an old article. They may be still developing it in which case it could easily be 3 or 4 times as fast. It's also my understanding that they are MIPS "compatible" in a way that doesn't require a license. But as a RISC design, it gets more done per clock anyways (compared to x86). It's also my understanding that they aren't to compete with intel/AMD but more to jumpstart a native CPU design industry that doesn't require patent and licensing fees to US/German/Taiwan/Japanese companies (and to have a homegrown CPU in their military hardware...). I should put this on my to-do list to research them and write an article. Remind me sometime. SchmuckyTheCat 20:37, 11 July 2005 (UTC)

Sure. — Instantnood 21:54, July 11, 2005 (UTC)

A new article on dragon chips has been created by user:Pravit726. — Instantnood 21:52, 10 December 2005 (UTC)

Introduction changes

I have changed the introduction to place the basic facts about the economy in the opening sentence. This conforms more with standard articles on regional developing economies such as the economy of Africa and the economy of India, which were both featured articles. -A.rod (21:40 8 October 2005(UTC))

Concern over official statistics

What are others thoughts on including information on some people's concern over the official figures released by the PRC government? See these articles:

• [2]
• [3]

TastyCakes 21:26, 31 October 2005 (UTC)

I heard somewhere that GDP is underreported because so much of the service industry isn't included. TastyCakes 08:16, 22 December 2005 (UTC)

Yeah, the Chinese government just discovered that it's economy is 17% larger than previously thought(due to undereporting in the service sector). It seems that the 2004 GDP was actually $2.0 trillion rather than $1.65 trillion.--Todd Kloos 11:01, 22 December 2005 (UTC)

GDP vs GDP PPP

I realize that only GDP PPP is shown on the CIA factbook, but is there an actual GDP value somewhere? I've always thought PPP was a fairly flaky metric... I think normal GDP (ie non adjusted) should be included in the overview template. TastyCakes 16:39, 2 November 2005 (UTC)

See the lists of countries by nominal GDP and by nominal GDP per capita. :-D — Instantnood 21:43, 2 November 2005 (UTC)

Thanks, I'll add these TastyCakes 22:13, 2 November 2005 (UTC)

I'm a wikipedia voyeur, don't know how is the right way to update something so if I'm breaking some rule excuse me. Last december, PRC's National Bureau of Statistics updated GDP growth rate of the last 10 years: http://www.forbes.com/markets/feeds/afx/2006/01/09/afx2435782.html It would be great that some editor created a table of the growing rates for the last years as they are provided in this link. Xie xie nin.

Tourism Industry in China

I think a section on the tourism industry in China would be great.--Sir Edgar 02:06, 21 December 2005 (UTC)

There's actually an article on tourism in China, but its geographical frame is pretty uncertain. You may already know there have been consistent disagreements over these matters. — Instantnood 19:28, 21 December 2005 (UTC)

GDP= wealth?

I think some people overestimate the importance of GDP. The rapid growth of GDP does not necessarily means the increase of wealth, and it may be triggered by many factors like overinvestment. For now PRC has provided "very nice labor", and it will always provide the same in the future, which sadly the government is very proud of. -observer

• Please stick to editing grammar, and leave the economics to us or expert sources. Overinvestment cannot possibly influence Chinese GDP growth to the level we have seen today. 128.135.96.15 19:10, 29 July 2006 (UTC)

• • • • • [[4]] check out this on chinese labour shortage. You'll find that contradicts what you have said here.

Disagree investment does not automatically add up to GDP, GDP is about production, only utilizing the investment well can lead to increase in GDP. Plus, PRC should be proud for providing labors because it provides jobs for people. I dont get your "provide the same" clause because everyday, CHinese workers' producviities increase. Ten years ago, they make mostly low-end items. Today, HDTVs, Xbox 360s and complicated machineries are mostly made in China.

Trade with Russia

I added this unde rtrade section if anyone wants to re write it or polish the text then feel free to do that

Trade volume between China and Russia reached $29.1 billion in 2005, an increase of 37.1 percent compared with 2004

China’s export of machinery and electronic goods to Russia grew 70 percent, which is 24 percent of China’s total export to Russia in the first 11 months of 2005. During the same time, China’s export of high-tech products to Russia increased by 58 percent, and that is 7 percent of China’s total exports to Russia. Also in this time period border trade between the two countries reached $5.13 billion, growing 35 percent and accounting for nearly 20 percent of the total trade. Most of China’s exports to Russia remain apparel and footwear.

Russia is China’s eighth largest trade partner and China is now Russia’s fourth largest trade partner, and

China now has over 750 investment projects in Russia, involving $1.05 billion. China’s contracted investment in Russia totaled $368 million during January-Spetember of 2005, twice that in 2004.

Chinese imports from Russia are mainly those of energy sources, such as crude oil, which is mostly transported by rail, and electricity exports from neighboring Siberian and Far Eastern regions. In the near future, exports of both of these commodities are set to increase, as Russia is building a giant pipeline to Pacific Ocean with a branch to Chinese border, and Russian power grid monopoly UES is building some of its hydropower stations with a view of future exports to China.

Facts are from here

http://www.mosnews.com/money/2006/01/12/chinesetrade.shtml

Deng 08.25, 15 January 2006 CET

Trading Blocs

I'll wait for consensus on this, but I think that we should list the trading agreements/blocs that China is party to or a member of.

Given that arguably FTAs and trading blocs aren't Trade Organisations, anyone got any ideas on where to put this info? Ophelia 03:28, 5 February 2006 (UTC)

References

Check this out: http://www.nationmaster.com/encyclopedia/Chinas-economy Either NationMaster has stolen it from Wiki, or Wiki has stolen it from Nationmaster. I'm adding it to the references section for now; if NationMaster stole it without reference, then I have no clue who's supposed to be adressing that. Ophelia 06:25, 9 February 2006 (UTC)

Accounts for 3/4 of all people lifted out of poverty?

I read a claim by someone on the internet who said that "Since opening its economy in 1978, China has accounted for three-quarters of all the people in the world lifted out of abject poverty! ". This can't possibly be true can it? There is nothing in the wiki to say so. The original claim is here http://bbs.chinadaily.com.cn/viewthread.php?tid=30673&extra=&page=11

en...well..at least 200 millions Chinese are lifted out of poverty by economic reforms (over 100 millions are still in poverty however)

oil consumption and production figures

as of this edit, the consumption figures are for 2002 and the production ones are for 2003. According to this article (http://www.adb.org/Documents/News/2004/nr2004118.asp) oil consumption increased by 9% in 2003. The numbers should move in tandem as much as possible.

From the same article, the PRC's use of double the oil per $1000 of GDP compared to other asian economies is of note and a significant issue in today's global energy markets. The PRC doesn't seem to want to advertise this too clearly but calculating back from articles like this (http://www.chinadaily.com.cn/china/2006-03/26/content_552298.htm) and you can pretty easily determine that retail gasoline products are being subsidized by 40-50%, explaining a significant amount of the PRC's outstanding economic competitiveness in certain sectors.

Unemployment

The previous figure wasn't appropriate, as it didn't include rural unemployment. I used the 20% figure that was mentioned in the 2004 official Chinese journal. Also added public debt figure. John Smith's 14:45, 27 May 2006 (UTC)

Helo John, if you are still here, or if anyone else knows. Can you provide a reference to the 2004 official chinese journal you mentioned? As others had pointed out, that figure seem rather sureal. Thanks. Yongke 09:20, 9 September 2006 (UTC)

Now here's something interesting that'll shut all the euro/amero-commies up...

According to a survey by University of Maryland's Program on International Policy Attitudes reported by Wall Street Journal Asia:

“ In a poll conducted for the University of Maryland's Program on International Policy Attitudes between June and August last year, fully 74% of Chinese citizens said they agreed with the statement "the free enterprise system and free market economy is the best system on which to base the future of the world." The Philippines, at 73%, and the U.S., at 71%, were second and third. ”

Unfortunately, I don't know where to put this... -- Миборовский 05:00, 23 August 2006 (UTC)

looking for Chinese industry or whatever

This article could use some "related topics" or whatever at the bottom, which link to other wikipedia articles... is there something similar to "Chinese industry" Tks Ling.Nut 13:17, 24 August 2006 (UTC)

Revised GDP growth in 2005

http://abcnews.go.com/Business/wireStory?id=2373863 GDP growth in 2005 revised up to 10.2%

Yuan exchange before 1980

Can someone include the exchange rate of Yuan to the US Dollar during 1950-80? I strongly suspect it to be fixed at 1.50

It was. In those days, China was isolated. So the exchange rate didn't mean 1.5 yuan = 1 dollar in value, if one wants to buy goods from US, he had to pay US dollar. Just like today's north korea. That is why GDP during 1950-80 caculated in US dollar doesn't mean anything.

Inflation over last 10 years

I couldn't see much discussion of the reasons behind the inflation rates recorded over the last 10 or 15 years. In the early to mid 1990s, inflation was over 15% and real GDP growth at over 10%. Yet, in the last five years, inflation is apparently negligible (around 0) and real GDP growth at around 8%. Is it only this relatively lower GDP growth rate that has led to MUCH lower inflation or are there other factors involved? Perhaps, has there been increased investment to increase the economy's capacity thus reducing demand-push on prices? ANy explanation here, or better, in the article would be appreciated. regards --Merbabu 15:51, 15 October 2006 (UTC)

China’s "Leninist Corporatism"

Any comments about the recent book by Will Hutton, The Writing Is on the Wall, regarding his contention that the present party-controlled economy threatens economic stability and suppresses democratic reforms [5], and the counter by Meghnad Desai? [6]. This would see to deserve mention, or at least a link, in this article. Not being a regular contributor to this article, I defer to the established group of editors here for guidance. - Ryanjo 15:01, 13 January 2007 (UTC)

I haven't read the book myself, however I don't really think they are relevant enough for this page though. Look at it this way, which section would should this go under? Criticism? If you want, I think a page about the book itself would be good. Anyone agree/disagree? Yongke 21:11, 12 February 2007 (UTC)