How did China’s economy really get to there it is now? * China like Britain, US, Germany and Japan have successfully used selective protectionism to develop their companies and economy. Ethiopia and other African countries are getting some success copying China’s development model * Despite claims of impending financial crisis. China’s rise over 40 years …
China richest city is Beijing with a per capita GDP in 2017 of 20,356. China’s currency has strengthened by about 2% since the end of 2018. This puts Beijing at about the level of Portugal or Saudi Arabia with $20,575 and $20,957. There are about 22 million people in Beijing and 25 million in Shanghai. …
The Atlanta Federal Reserve GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 5.4 percent on February 1, up from 4.2 percent on January 29. The forecast of real consumer spending growth increased from 3.1 percent to 4.0 percent after this morning’s Manufacturing ISM Report On …
China’s GDP growth rate in 2015 was probably overstated by “a couple of percentage points,” according to new data analysis by Bloomberg Economics. Some of the alternative growth metrics indicate higher GDP growth than what China has reported for some years. Many indicators suggest a wider variation in growth. Brian WangBrian Wang is a Futurist …
China has purchased 200 dredging ships over the last 11 years. Most of the technology was from Germany, Japan and other countries. China tripled its dredging capacity over the last 15 years. China can now build its own large and modern dredging ships. China has stated that a US ship passing within a dozen miles …
The IMF expects U.S. tax policy changes to stimulate world economic activity for several years. The short-term impact in the United States mostly driven by the investment response to the corporate income tax cuts. The effect on U.S. growth is estimated to be positive through 2020, cumulating to 1.2 percent through that year, with a …
China’s quarterly GDP numbers for 2016 and 2017 suggest that the soon to be released Q4 2017 GDP number will be about 22.5 trillion RMB. China leadership has already indicated the fourth quarter has come in with strong economic performance and that the 2017 GDP was 6.9%. The trends for increasing for quarter to quarter …
The Economist reports that India does not have a middle class and growing inequality it preventing the growth of a middle class. The top 1% of Indian adults, a rich enclave of 8 million inhabitants making at least $20,000 a year, equates to roughly Hong Kong in terms of population and average income. The next …
Mega funding rounds in Asia led by the biggest ever fund raise of $5.5 billion by China-based Didi Chuxing propelled the overall venture capital funding to reach record levels in 2017. According to a recent report by Preqin, 2017 was a record year for venture capital-backed deals, with 11,144 deals announced for an aggregate deal …
Softbanks’s CEO Masayoshi Son is creating a mechanism to increase their funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen. The funds will probably have invested in at least 1,000 [unicorn] companies within 10 years. According to Nikkei, all the Vision Funds are expected to chiefly target unicorns — aka …
Hugh White makes the case that America’s influence is decreasing in Asia and China is on the eventual but inevitable path to dominating Asia. Others make the case that the USA still has strategic options. Nextbigfuture believes the ultimate Future of Asia and the world is about AI, other advanced technology and economics. The US …