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Old February 6th, 2012, 05:37 PM   #5401
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Quote:
Originally Posted by ukiyo View Post
You calculate a GDP growth rate using a geometric mean, not a mean. I am not commenting on using provinces or not just the mathematics. Of course you should use the total country's real GDP.
If you are commenting on someone else's post, try first to understand what that person is writing about.

The person you were commenting on WAS talking about averaging the growth rate over provinces. If you want to talk about something else, start another thread. Don't waste our time.
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Old February 6th, 2012, 09:18 PM   #5402
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Quote:
Originally Posted by Ariel74 View Post
If you are commenting on someone else's post, try first to understand what that person is writing about.

The person you were commenting on WAS talking about averaging the growth rate over provinces. If you want to talk about something else, start another thread. Don't waste our time.
I guess he was trying to point out i am using geometric mean to do my GDP calculation vs celebriton using Arithmetic mean to do his/hers , i misunderstood his statment as GDP should use geometric mean. No hard feeling and it is helpful discussion.

BTW, I am using weighted mean not geometric mean
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Old February 6th, 2012, 09:41 PM   #5403
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Quote:
Originally Posted by Celebriton View Post
Oops!

I don't understand the math, look very confusing.
Le't assume china only has three provinces, Tianjing, Chongqing and "REST OF CHINA" province. even if "REST OF CHINA" province GDP growth is 0, the average growth could be (16.5%+16.5%+0)/3=11% , you see issue here?
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Old February 6th, 2012, 09:43 PM   #5404
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US is promoting an Arab Spring in China, in order to prevent its economic rise

Warning!!!

JOHN MCCAIN: "We got a clear plan about it"

US is promoting an Arab Spring in China, in order to prevent its economic rise

http://www.youtube.com/watch?v=uoHgz_78GWs

The Self immolation of Tibetan Monks is supported by C.I.A. Agents in China.


Let's remember.

http://www.nytimes.com/1998/10/02/wo...-from-cia.html

Dalai Lama Group Says It Got Money From C.I.A. (New York Times)

The Dalai Lama's administration acknowledged today that it received $1.7 million a year in the 1960's from the Central Intelligence Agency, but denied reports that the Tibetan leader benefited personally from an annual subsidy of $180,000.
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Old February 6th, 2012, 11:07 PM   #5405
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Wrong thread.
Quote:
Originally Posted by Ariel74 View Post
If you are commenting on someone else's post, try first to understand what that person is writing about.

The person you were commenting on WAS talking about averaging the growth rate over provinces. If you want to talk about something else, start another thread. Don't waste our time.
Look at the thread title, what is wrong with my post to warrant such a reply?

Quote:
Originally Posted by cbz View Post
I guess he was trying to point out i am using geometric mean to do my GDP calculation vs celebriton using Arithmetic mean to do his/hers , i misunderstood his statment as GDP should use geometric mean. No hard feeling and it is helpful discussion.

BTW, I am using weighted mean not geometric mean


P.S. The IMF and World Bank use a 3 year average exchange rate to find the nominal GDP (this is not directed at anyone, just general information).
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Last edited by ukiyo; February 6th, 2012 at 11:32 PM.
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Old February 7th, 2012, 09:15 AM   #5406
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IMF and WB should also update the US horrible Debt now at 102% of GDP.
The biggest of the world and increasing hugely...

http://www.usdebtclock.org/

And you have to add also for a total of almost 400% of US GDP:

- debts of US states and Municpalities;

- debts of Fannie Mae and Freddie Mac (Trillions);

- debts lnked to Madicare and Medicaid (Trillions)

- Private debts.


A declining, half bankrupt, Empire is even more dangerous and aggressive one...

We've just seen it, how US uses its rating agencies (the same that gave 10 to Lehmann Brothers before its collapse) and media to speculate against the Euro, in order to preserve the dollar world currency status.
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Old February 8th, 2012, 10:21 PM   #5407
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^it's so scary to think about the US debt!
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Old February 9th, 2012, 12:23 PM   #5408
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Quote:
Originally Posted by Norge78 View Post
IMF and WB should also update the US horrible Debt now at 102% of GDP.
The biggest of the world and increasing hugely...

http://www.usdebtclock.org/

And you have to add also for a total of almost 400% of US GDP:

- debts of US states and Municpalities;

- debts of Fannie Mae and Freddie Mac (Trillions);

- debts lnked to Madicare and Medicaid (Trillions)

- Private debts.


A declining, half bankrupt, Empire is even more dangerous and aggressive one...

We've just seen it, how US uses its rating agencies (the same that gave 10 to Lehmann Brothers before its collapse) and media to speculate against the Euro, in order to preserve the dollar world currency status.
That's it! I hope my next reincarnation born as the Rothschild's heir.
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Old February 10th, 2012, 01:12 AM   #5409
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Quote:
Originally Posted by Celebriton View Post
That's it! I hope my next reincarnation born as the Rothschild's heir.
The money market is such a joke. Although you can easily defend that US debt when comparing it to the japanese debt of 119% of gdp last time I heard.

After all, US investors and companies are holding such a huge amount of foreign companies that you can allways say they have the capability to repay it.

Personally I hope we get to see Ron Paul, or his son take overas the new US president soon. Perhaps not this time around, but next election hopefully! Then we'll see some changes
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Old February 20th, 2012, 08:18 AM   #5410
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Quote:
Originally Posted by chornedsnorkack View Post
How long do you think until the Thailand 2011 GDP per capita can be found, to compare with China?
Thailand's GDP number has been released.

Nominal GDP 2011: 10.539446 trillion baht (345.65 billion US dollars by dividing yearly average exchange rate)
Yearly GDP growth rate: 0.1%
Population: 67.597 million (another source: 65.926 million)
Nominal GDP per capita: 5113 US dollars (5243 US dollars)

No matter which population source you use, Thailand's GDP per capita is now lower than China's.
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Old February 20th, 2012, 08:53 AM   #5411
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Then what was the 2011 GDP per capita of China?
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Old February 20th, 2012, 09:11 AM   #5412
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Quote:
Originally Posted by chornedsnorkack View Post
Then what was the 2011 GDP per capita of China?

Have a look at what I posted earlier in this thread.
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Old February 20th, 2012, 09:17 AM   #5413
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Quote:
Originally Posted by Chrissib View Post
According to the IMF-data, China is developing roughly twice the speed of Thailand. (10% p.a. vs 5% p.a.). Assuming no further Yuan appreciation, China will reach Thailand in 2012. If the Yuan is allowed to appreciate 10% during 2011 then there is a possibility that China reaches Thailand in this year.
It is suspected to have been the case.
Quote:
Originally Posted by Chrissib View Post
Again, China develops twice the speed of Malaysia. Until 1997 (The Asian crisis) development speed was roughly the same in SEA and China. After 1997, China went on growing 10% a year, but SEA slowed down from 10% to 5-6%. The situation looks similar to China vs. Thailand. This year or 2012.
What was the 2011 GDP per capita of Malaysia?
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Old February 21st, 2012, 12:07 AM   #5414
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Two trends of next decade in China definitely will be service boom and RMB internationalisation, which would make GDP per capita higher than 10K.

Since China's already overtaken Thailand in terms of GDP per capita, Malaysia would be the next country to catch up, though it is expected to take a long time, no less than 10 years.
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Old February 21st, 2012, 12:16 AM   #5415
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It is reported Zhejiang's GDP per capita in 2011 reached 9.1K USD, ranked fifth in mainland China after Tianjin, Shanghai, Beijing and Jiangsu. How about Malaysia?

Last edited by Chekianger; February 22nd, 2012 at 12:17 PM.
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Old February 21st, 2012, 01:35 AM   #5416
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Quote:
Originally Posted by Chekianger View Post
It is reported Zhejiang's GDP per capita in 2011 reached 91K USD, ranked fourth in mainland China after Tianjin, Shanghai, Beijing and Jiangsu. How about Malaysia?
At most maybe at 9.1K (9100 U$) GDP per capita. According to the IMF 2011 #s, Malaysia is @ 8,617, Australia @ 66,984 , Hong Kong @ 34,393 (strangely low considering 8.7% of the households has net assets over one million U$ ) and China @ 5,184
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Old February 21st, 2012, 08:03 AM   #5417
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From
http://en.wikipedia.org/wiki/List_of...visions_by_GDP

where 2011 data offer a sum of 7301 milliards, the GDP of provinces are:

Guangdong - 815,53 - 7819
Jiangsu - 752,53 - 9567
Shandong - 703,37 - 7343
Zhejiang - 495,45 - 9103
Henan - 421,63 - 4484
Hebei - 375,12 - 5221
Liaoning - 341,02 - 7795
Sichuan - 325,55 - 4048
Hunan - 304,01 - 4628
Hubei - 303,37 - 5300
Fujian - 269,56 - 7306
Anhui - 233,95 - 3932
Heilongjiang - 193,59 - 5053
Shaanxi - 191,85 - 5140
Jiangxi - 179,35 - 4024
Shanxi - 171,86 - 4812
Jilin - 163,05 - 5937
Yunnan - 135,49 - 2948
Guizhou - 86,703 - 2495
Gansu - 77,723 - 3039
Hainan - 38,944 - 4491
Qinghai - 25,113 - 3985
those of municipalities are:
Shanghai - 297,20 - 12911
Beijing - 247,73 - 12632
Tianjin - 173,27 - 13392
Chongqing - 155,00 - 5373
and autonomous regions have:
Inner Mongolia - 220,57 - 8928
Guangxi - 181,37 - 3940
Xinjiang - 101,79 - 4666
Ningxia - 31,894 - 5163
Tibet - 9,367 - 3120
thus the richest are:
1 Tianjin - 13392
2 Shanghai - 12911
3 Beijing - 12632
4 Jiangsu - 9567
5 Zhejiang - 9103
6 Inner Mongolia - 8928
7 Guangdong - 7819
8 Liaoning - 7795
9 Shandong - 7343
10 Fujian - 7306
11 Jilin - 5937
12 Chongqing - 5373
13 Hubei - 5300
14 Hebei - 5221
15 Ningxia - 5163
16 Shaanxi - 5140
17 Heilongjiang - 5053
18 Shanxi - 4812
19 Xinjiang - 4666
20 Hunan - 4628
21 Hainan - 4491
22 Henan - 4484
23 Sichuan - 4048
24 Jiangxi - 4024
25 Qinghai - 3985
26 Guangxi - 3940
27 Anhui - 3932
28 Tibet - 3120
28 Gansu - 3039
30 Yunnan - 2948
31 Guizhou - 2495

Last edited by chornedsnorkack; February 21st, 2012 at 06:26 PM.
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Old February 22nd, 2012, 11:38 AM   #5418
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The richest administrative division in Mainland China was Tianjin in 2011

nominal GDP 173.3 billion
GDP based on PPP 280.7 billion
Population 12.94 million
nominal GDP per capita 13392-------> eqivalent to Russia
GDP based on PPP per capita 21685--------> equivalent to Poland
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Old February 22nd, 2012, 12:21 PM   #5419
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Quote:
Originally Posted by skyridgeline View Post
At most maybe at 9.1K (9100 U$) GDP per capita. According to the IMF 2011 #s, Malaysia is @ 8,617, Australia @ 66,984 , Hong Kong @ 34,393 (strangely low considering 8.7% of the households has net assets over one million U$ ) and China @ 5,184

Sorry, I missed the decimal point. It seems Zhejiang's already overtaken Malaysia in terms of GDP per capita.
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Old February 22nd, 2012, 05:00 PM   #5420
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Quote:
Originally Posted by Bannor View Post
The money market is such a joke. Although you can easily defend that US debt when comparing it to the japanese debt of 119% of gdp last time I heard.

After all, US investors and companies are holding such a huge amount of foreign companies that you can allways say they have the capability to repay it.

Personally I hope we get to see Ron Paul, or his son take overas the new US president soon. Perhaps not this time around, but next election hopefully! Then we'll see some changes
I love Ron Paul!
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