Developing Economies: Which one will be a developed economy first??

[brooklynprospect]

Originally Posted by tiger

More than 5 provinces of China grows faster in the recent 20 years than 4 small dragons in 60'-80's.

Yes, and I'm sure 5 provinces of S Korea grew faster than the country as a whole in the 60s-80s.

[tiger]

Originally Posted by brooklynprospect

Yes, and I'm sure 5 provinces of S Korea grew faster than the country as a whole in the 60s-80s.

but one province of China is just as large as S Korea.

[Ozcan]

Originally Posted by CENTRAL

no. the whole china's nominal GDP growth is nearly 20%!
unbelievably fast!
and, dont forget, china is revaluing its currency rate, china will very soon be the 3rd largest economy in the world by nominal GDP, and by ppp gdp, it is the NO. 2 now

But do you know the official figures over the past, let's say 10 or 20 years, I know for sure that China didn't grow 20% every year, did it?

[brooklynprospect]

Originally Posted by tiger

but one province of China is just as large as S Korea.

Yes, the only thing unique about China is it's population.

[tiger]

Originally Posted by brooklynprospect

Yes, the only thing unique about China is it's population.

I don't know why population is a real problem,every province of China is booming including Tibet.

[brooklynprospect]

Originally Posted by Ozcan

But do you know the official figures over the past, let's say 10 or 20 years, I know for sure that China didn't grow 20% every year, did it?

I think he's talking about GDP growth in the local currency. If a country has 100% inflation (which has happened in Latin American countries, among others), even a 90% growth rate in nominal GDP will result in a fall in real GDP.

China's economy (GDP adjusted for inflation) is growing by about 7%-10% a year. Although I've had Chinese people tell me the official numbers are almost meaningless, being cooked as they are.

But anyone who's been to China can tell you it is in fact growing very rapidly. Especially the cities along the coastal shelf.

[CENTRAL]

i found far more differences than similarities betwn china and japan and korea. size decides everything! i believe china's rapid growth can last for at least 50 yrs. from now to 2030, we will see a terrible picture, that, china is competing with the rest of the world! the coast region-->the US and EU and japan. the central-eastern part-->korea, taiwan..... the rest part-->mexico, SEA......
this never happened and probably will not happen ever.

[brooklynprospect]

Originally Posted by tiger

I don't know why population is a real problem,every province of China is booming incluing Tibet.

I never said it was a problem. I said that population is what makes China unique. Again, if China had 20 million people and an identical growth rate, not many people would care about the country.

[CENTRAL]

Originally Posted by Ozcan

But do you know the official figures over the past, let's say 10 or 20 years, I know for sure that China didn't grow 20% every year, did it?

nominally, it did!
and it was closed to 30% in the early 90'

[tiger]

Originally Posted by brooklynprospect

IChina's economy (GDP adjusted for inflation) is growing by about 7%-10% a year.

the average growth rate of China in the recent 20 years is 9.3%.

Most international and local economists think China's GDP is underrated,because China's service sector is amazingly low in the total GDP,even lower than India,that's not logical actually.

[Ozcan]

Originally Posted by brooklynprospect

I think he's talking about GDP growth in the local currency. If a country has 100% inflation (which has happened in Latin American countries, among others), even a 90% growth rate in nominal GDP will result in a fall in real GDP.

China's economy (GDP adjusted for inflation) is growing by about 7%-10% a year. Although I've had Chinese people tell me the official numbers are almost meaningless, being cooked as they are.

But anyone who's been to China can tell you it is in fact growing very rapidly. Especially the cities along the coastal shelf.

Thanks Brooklynprospect, are you an economist lol, yes I already thought that China's annual growth was about 7-10% and that's not enough to become a developed country in 20-30 years if you look at the current GDP per Capita, is it?

[CENTRAL]

Originally Posted by brooklynprospect

I never said it was a problem. I said that population is what makes China unique. Again, if China had 20 million people and an identical growth rate, not many people would care about the country.

this point is very TRUE!

[tiger]

Originally Posted by Ozcan

Thanks Brooklynprospect, are you an economist lol, yes I already thought that China's annual growth was about 7-10% and that's not enough to become a developed country in 20-30 years if you look at the current GDP per Capita, is it?

9.3% is the GDP(PPP)'s growth rate,do i have to emphasize again?

[CENTRAL]

Originally Posted by brooklynprospect

I think he's talking about GDP growth in the local currency. If a country has 100% inflation (which has happened in Latin American countries, among others), even a 90% growth rate in nominal GDP will result in a fall in real GDP.

China's economy (GDP adjusted for inflation) is growing by about 7%-10% a year. Although I've had Chinese people tell me the official numbers are almost meaningless, being cooked as they are.

But anyone who's been to China can tell you it is in fact growing very rapidly. Especially the cities along the coastal shelf.

I VE heard that too!
but i believe the chinese gov reported small figure than what it actually was!
you may add all chinese provinces' GDP up and you will find it is much smaller than the whole china's figure.
interesting, eh?

[Ozcan]

OK relax, I have seen it now, but even that's not enough to realize what we are talking about (China becoming a developed country in 20 years!).

Originally Posted by tiger

9.3% is the GDP(PPP)'s growth rate,do i have to emphasize again?

[tiger]

Originally Posted by CENTRAL

I VE heard that too!
but i believe the chinese gov reported small figure than what it actually was!
you may add all chinese provinces' GDP up and you will find it is much smaller than the whole china's figure.
interesting, eh?

You know a lot about China,really!

I guess you can speak chinese as well.

[tiger]

Originally Posted by Ozcan

OK relax, I have seen it now, but even that's not enough to realize what we are talking about (China becoming a developed country in 20 years!).

to look for the "China may be a developed country by 2023" thread.

[CENTRAL]

Originally Posted by Ozcan

Thanks Brooklynprospect, are you an economist lol, yes I already thought that China's annual growth was about 7-10% and that's not enough to become a developed country in 20-30 years if you look at the current GDP per Capita, is it?

you consider china's booming as a challange more than a chance, dont you?
coz all i can read from your context is-- fear

[Ozcan]

Originally Posted by tiger

to look for the "China may be a developed country by 2023" thread.

Do you have a link of that thread? And stop hitting my head it hurts.

[CENTRAL]

Originally Posted by tiger

You know a lot about China,really!

I guess you can speak chinese as well.

not very good. but i can listen
i am from singapore