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Old April 20th, 2010, 11:36 PM   #1
CoCoMilk
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China's GDP per capita

Quote:
中國11個城市人均GDP破1萬美元


朝鮮日報駐香港特派記者 李恒洙 (2010.04.05 15:09)
調查顯示,中國人均國內生產總值(GDP)超過1萬美元的城市增至11個。從人口來看,接近1億人。

韓國貿易投資振興公司(KOTRA)中國本部4月4日稱,對中國去年的GDP統計數值進行分析的結果,寧波、大連、威海、珠海、北京等5個城市的人均 GDP破1萬美元。

2007年,深圳和蘇州人均GDP最先突破1萬美元,2008年,廣州、無錫、佛山、上海的人均GDP突破1萬美元。至此,中國人均GDP突破1萬美元的城市增至11個。

KOTRA評價稱:“這些城市的電子、汽車、資訊技術(IT)、紡織等二次產業以及服務業取得迅速發展。”

這些11個城市的GDP總額達1.0727萬億美元,人口達9385萬名,人均GDP為1.143萬美元,其中深圳的人均GDP最高,達1.3754萬美元,廣州(1.3015萬美元)和蘇州(1.2211萬美元)緊隨其後。

世界銀行將人均GDP超過1萬美元的國家和地區列為中等富裕國家和地區。在亞洲,日本在1984年率先超過1萬美元,隨後香港、新加坡、臺灣和韓國分別在 1987年、1989年、1992年和1995年超過1萬美元。截至2008年底,世界66個國家和地區人均GDP超過1萬美元。

但這11個城市反映物價和公共費用等“購買力平價(PPP)”的實際GDP可能會接近2萬美元。如果反映PPP,去年中國國內人均GDP(3600美元)也可能達5962美元(世界銀行)至6500美元(美國CIA推算)。在這11個城市中,深圳、廣州、佛山、珠海等4個城市在廣東省,蘇州、無錫、寧波等上海附近城市也走在其他城市的前頭。據調查,最近公佈的《2010年胡潤財富報告》中,在中國87.5萬名千萬富翁中,有一半左右聚居在北京(15.1萬人)、廣東省(14.5萬人)和上海市(12.2萬人)等三個城市。

香港《南華早報》4日報導:“錢包鼓起來的中國富豪們在美國紐約和加利福尼亞、英國倫敦、澳大利亞悉尼等地陸續購買豪宅。”在金融危機爆發後,發達國家的房價暴跌,於是中國富豪們拿著現金購買海外房地產。該報稱:“不僅是北京、廣東和上海地區的富豪,連陝西省等內陸地區的富豪們也加入到這一隊伍中。中國富豪們決策快、全額現金支付、喜歡購買高價房、不講價,因此深受當地房產仲介的歡迎。”

朝鮮日報中文網 chn.chosun.com Link
本文內容歸朝鮮日報和朝鮮日報網版權所有,未經許可,不得摘編
Date of reaching 10k GPD per capita
2007: Shenzhen and Suzhou
2008: Guangzhou, Wuxi, Foshan, and Shanghai
2009: Ningbo, Dalian, Weihai, Zhuhai, and Beijing
2010: ??

*above article excludes oil& Coal rich cities*

Last edited by CoCoMilk; April 20th, 2010 at 11:42 PM.
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Old April 21st, 2010, 06:21 AM   #2
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11 only?
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Old April 21st, 2010, 01:30 PM   #3
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But how about minimum wage? or average worker wage?

Usually most of GDP are generated by state owned companies and big business, while people wage much lower.
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Old April 21st, 2010, 03:38 PM   #4
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Quote:
Originally Posted by Celebriton View Post
But how about minimum wage? or average worker wage?

Usually most of GDP are generated by state owned companies and big business, while people wage much lower.
There are not much state owned companies in the first place but the average wage for factories is 81 cents.
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Old April 22nd, 2010, 01:31 PM   #5
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Dalian? I heard they had a poor living standard out there.
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Old April 22nd, 2010, 09:52 PM   #6
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Dalian? it's a pretty rich, software hub i think?. their skyscrapers are also increasing.
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Old April 22nd, 2010, 10:57 PM   #7
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Asia's largest software hub in a short term actually.
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Old April 23rd, 2010, 12:31 AM   #8
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oh..

I made a little map of all the 11 cities.


Missing cities that already passed 10k mark: Hangzhou
Near 10k cities: Xiamen, Zhongshan, Tianjin, Dongguan, Qingdao, Zibo, Shaoxing, Nanjing, Changzhou
Excluded Oil Rich Cities (Way above 12k): Dongying, Daqing, Karamay.

Last edited by CoCoMilk; April 23rd, 2010 at 12:40 AM.
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Old July 28th, 2010, 03:12 PM   #9
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Why China GDP per capita so low?

Why China GDP per capita so low?

For some people this question is silly. But when I saw the GDP per capita list in wikipedia (nominal):

http://en.wikipedia.org/wiki/List_of...al)_per_capita

China GDP per capita is: USD 3600



Behind some country that we regarding as poor country like:
Iran: USD 4400
Croatia: USD 14000
Libya USD 9500
Costa Rica : USD 6300
Angola : USD 4000
Serbia: USD 5800
Jordania: USD 3800



My question is: Why China so poor? Why China starting at lowest level of GDP per capita? Why it slow and hard to increasing people quality?

It look like easy for some Eastern European countries to reach GDP per capita USD 10000, while China struggle to increase people minimum salary up to USD 300 per month, USD 1000 per month is almost like a dream or impossible. People in Eastern Europe are also look more wealthy, wearing nice clothes, etc. It feel like China work so hard, producing so much and China still poor.

I wonder why Eastern European country people can be so rich?

Sometimes I feel Chinese people are destined or self-designed to be trapped as low income people forever. Don't you think the same way?



It's unbelievable for an ultra-modern city and one of the world financial city like HK has GDP per capita only USD 30000. Lower than entire Japan average, France, Netherlands, etc. Of course USD 30000 is high, but it's far lower compare with other city like Tokyo, New York, London, Paris, Singapore, etc. I wonder what HK government think?

It's like Taiwan (GDP per capita only USD 16000), for the sake of export advantages, Taiwan government sacrifice his own people standard of living and quality by lowering their currency exchange. Work so hard and to be slave for other developed countries forever? World second class citizen? Is this smart?

We always think, Japanese, American and European so cool, so wealthy. I wonder what Taiwan and HK leaders thinking, to prevent his own people to became like them? Is mainland China government also think this way?

Last edited by Celebriton; July 28th, 2010 at 03:25 PM.
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Old July 28th, 2010, 03:43 PM   #10
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the real indicator is GDP PPP per capita

Hong Kong GDP PPP per capita = $42 000 > $32 000 for Japan
Hong Kong is 8th in the world, just behind the US

Taiwan's GDP per capita is $31 000, just behind Japan

China's GDP per capita is $6500 (99th)

Nominal GDP does not reflect differences in the cost of living in different countries.

Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income.
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Old July 28th, 2010, 05:01 PM   #11
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I don't know, I feel PPP is wrong. I believe nominal is still the real indicator rather than PPP. PPP may be just tell about local food price.

I still feel the people with GDP per capita (nominal) USD 40000 and (PPP) USD 32000, better than the people with GDP per capita (nominal) USD 30000 and (PPP) USD 42000. Even Taiwan, although just behind Japan, in the real life, Japanese people far ahead than Taiwanese. Even Korean are ahead than Taiwanese. In the term of human quality, mentality, house/buildings, cloth style, product design, standard, etc.

You can also see Iran GDP per capita (nominal) USD 4400 and (PPP) USD 12000. From what I saw, I feel nominal USD 4400 is the real situation and condition in Iran rather than PPP USD 12000. Probably Iranian can buy more food, but their car, clothes quality, electronic, etc really indicate the nominal USD 4400 rather than PPP USD 12000.

Btw, how can Iran can have nominal USD 4400, while China just 3600? Isn't Chinese people work harder and producing a lot of goods?

Nominal: http://en.wikipedia.org/wiki/List_of...al)_per_capita
PPP: http://en.wikipedia.org/wiki/List_of...PP)_per_capita
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Old July 28th, 2010, 05:02 PM   #12
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China is catching up.

GDP growth leaps ahead in H1
http://www.chinadaily.com.cn/bizchin...t_11054125.htm
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Old July 28th, 2010, 05:41 PM   #13
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Sigh.......celebriton, why is your mind is like a 12 years-old ? Judging from the way you say things on this forum, I really do think you are a kid. I remember you said you run business or do some trading or something like that in Indonesia or something like that, are you even for real mate ?
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Old July 28th, 2010, 05:51 PM   #14
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Quote:
Originally Posted by Celebriton View Post
I don't know, I feel PPP is wrong. I believe nominal is still the real indicator rather than PPP. PPP may be just tell about local food price.

I still feel the people with GDP per capita (nominal) USD 40000 and (PPP) USD 32000, better than the people with GDP per capita (nominal) USD 30000 and (PPP) USD 42000. Even Taiwan, although just behind Japan, in the real life, Japanese people far ahead than Taiwanese. Even Korean are ahead than Taiwanese. In the term of human quality, mentality, house/buildings, cloth style, product design, standard, etc.

You can also see Iran GDP per capita (nominal) USD 4400 and (PPP) USD 12000. From what I saw, I feel nominal USD 4400 is the real situation and condition in Iran rather than PPP USD 12000. Probably Iranian can buy more food, but their car, clothes quality, electronic, etc really indicate the nominal USD 4400 rather than PPP USD 12000.

Btw, how can Iran can have nominal USD 4400, while China just 3600? Isn't Chinese people work harder and producing a lot of goods?

Nominal: http://en.wikipedia.org/wiki/List_of...al)_per_capita
PPP: http://en.wikipedia.org/wiki/List_of...PP)_per_capita
Look at it this way.

China Per Capita Income (Nominal) is currently $3600.

Tomorrow, the Chinese government could revalue the undervalued RMB from 6.8 to 5.5
In a single moment, that $3600 value becomes $4450

Alternatively, the Government could decide to devalue from 6.8 to 10.0
Suddenly, the $3600 figure becomes $2450

However, the average person doesn't notice because most goods/services are domestically produced and priced in RMB.

Hence PPP values show a better appreciation of real living standards, and eventually the exchange rate should converge to match the PPP values.

---------

I'd also say the PPP values are fairly accurate because most of China's provinces/population still has a long way to catch up with the coastal areas.

http://en.wikipedia.org/wiki/List_of...GDP_per_capita
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Old July 28th, 2010, 05:52 PM   #15
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China was a poor country, is a poor country and will be a poor country for a long time. Who is saying China is a rich country?
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Old July 28th, 2010, 06:55 PM   #16
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That is why I said this may be is a silly question. Who doesn't know that China GDP per capita is USD 3600. But my question is why? Why China choose to keep their labor cost low at the first beginning? What are the factors to know that Chinese workers only deserve small amount of salary? That later the whole country and people struggling very hard to increase their wage and GDP per capita?

I feel very surprising with communism in the past and civil war in Serbia-Croatia, but they can manage to reach GDP per capita USD 8000-16000. While China for 30 years of peaceful and economy reformation, China still in USD 3600. Even Iran have higher GDP per capita. Don't you feel want to know the answer too?

Taiwan is also weird too. For a small island with 20 millions population and many world famous IT companies, they still can't manage to increase their GDP per capita up to USD 30000. While Croatia, which I don't know their world class companies can manage GDP per capita 16000. Even Greece has GDP per capita USD 30000. What happen to Taiwan?

Probably we know the reason why Taiwan government do this, to keep their nominal GDP per capita as low as USD 16000. The answer is for export competitiveness. I wonder if no one in Taiwan has a sense of patriotism and nationalism, to see their own people are second class citizen, a slave for another richer developed countries. Why to always keep the head down, why there's no sense or will to improve Taiwan living standard, to be like the real first world people like Japan and western Europe? To increase minimum wage as high as in US and Japan. My friend in Japan said he can earn twice as much in Osaka than in Taipei.

Sorry for the long stupid explanation that makes me look stupid too. But what is your answer?
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Old July 28th, 2010, 08:11 PM   #17
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What are you looking at for this? It seems you are doing it by quality of life. In that case PPP is more accurate, but even then it has alot of shortcomings. Looking at average wages is the best and not GDP PPP.

Also about Hong Kong I disagree with you. People in Hong Kong do have a higher standard of living when you compare to all of South Korea, and it might even match Japan. You can not compare one city to an entire country. I think in your mind you are comparing Seoul to Hong Kong, which in that case I might agree. There are many rural and poorer areas in Japan and Korea, so if you want to compare HK you need to compare it to Seoul, Tokyo etc.

Also the answer to your question is simple. China has 1.3 billion people, of course it will take longer for the per capita to become very high.
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Old July 28th, 2010, 09:05 PM   #18
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Indeed and out of these 1.3billion people and 70%?? live either in rural areas or poorer cities. (By rural areas i mean villages)

Both GDP per capita and PPP measures quality of life. Its just that PPP takes in consideration of the consumer product's price levels. Hence PPP is more of an accurate measurement of standard of living.
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Old July 28th, 2010, 09:06 PM   #19
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What I looking for is Why other countries in Eastern Europe and Middle East has higher GDP per capita than China? Why China starting so low? Why China can't just following Eastern Europe or Middle East, like higher minimum wage at the first beginning?

Like for example Serbia. We know there's a civil war recently. But Serbia GDP per capita is USD 5800 where many companies/factories/shops close or destroyed. In the condition like that, Serbia should starting at GDP per capita between USD 1000-2000.
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Old July 28th, 2010, 09:18 PM   #20
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Celebriton...compare the wages and standard of living of a poor rural farming village in China and Serbia, Serbia clearly looks more developed. Now compare Shanghai to Serbia, Shanghai will look more developed. China has 1.3 billion people, that is why the per capita is low. There is a big difference between urban and rural China. It needs time!
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