Author: satsu_jin

Can China Save the World? [Copy link] 中文

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Post time 2009-8-4 17:25:10 |Display all floors

I don't know

but it can be used as collateral for loans as I understand, and private debt appears to be rising in China

It can also be used to stock pile commodities

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Post time 2009-8-4 17:32:13 |Display all floors
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Post time 2009-8-4 17:33:12 |Display all floors

jah prophet

Originally posted by jordan_c_fan at 2009-8-4 19:02
....



Can China Save the World?

No, certainly not.   China can neither save itself nor the world.   

Only Myself as Prophet of Environment o ...


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Post time 2009-8-4 17:36:10 |Display all floors
Originally posted by lebeast at 2009-8-4 18:25
but it can be used as collateral for loans as I understand, and private debt appears to be rising in China

It can also be used to stock pile commodities



Afaik, nothing has been used as collateral. I don't know anything about privat debt but public debt is still very low by Intl. standards.

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Post time 2009-8-4 17:47:24 |Display all floors
China can't be the saviour but  could be a catalyst.
china represents only 7% of the world GDP , USA 23 % and  EUROP 32 %;
At present, the chinese consumer can't replace an american consumer.

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Post time 2009-8-4 18:05:03 |Display all floors
Originally posted by luly13 at 2009-8-4 18:47
China can't be the saviour but  could be a catalyst.
china represents only 7% of the world GDP , USA 23 % and  EUROP 32 %;
At present, the chinese consumer can't replace an american consumer.


I agree with you with one exception. Europe is no nation and even within the EU each country is rated separately. Here is the actual 2008 ranking plus GDP increase 2008 vs. 2007 for the world"s top twenty:



1. United States … US$14.265 trillion (up 3.3% from 2007)

2. Japan … $4.924 trillion (up 12.3%)

3. China … $4.402 trillion (up 30.1%)

4. Germany … $3.668 trillion (up 10.4%)

5. France … $2.866 trillion (up 10.5%)

6. United Kingdom … $2.674 trillion (down 4.6%)

7. Italy … $2.314 trillion (up 9.3%)

8. Russia … $1.677 trillion (up 29.5%)

9. Spain … $1.612 trillion (up 11.9%)

10. Brazil … $1.573 trillion (up 17.9%)

11. Canada … $1.511 trillion (up 5.2%)

12. India … $1.210 trillion (up 9.7%)

13. Mexico … $1.088 trillion (up 6.1%)

14. Australia … $1.011 trillion (up 11.1%)

15. South Korea … $947 billion (down 9.8%)

16. Netherlands … $868.9 billion (up 11.8%)

17. Turkey … $729.4 billion (up 12.4%)

18. Poland … $525.7 billion (up 23.8%)

19. Indonesia … $511.8 billion (up 18.4%)

20. Belgium … $506.4 billion (up 10.3%)

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Post time 2009-8-5 06:07:06 |Display all floors
Originally posted by satsu_jin at 2009-8-4 18:05


I agree with you with one exception. Europe is no nation and even within the EU each country is rated separately. Here is the actual 2008 ranking plus GDP increase 2008 vs. 2007 for the world&q ...



At end of 2009 or 2010, ranking will change ,
japan will certainly loose its second place.

In in the next decade , we will certainly value chinese money in other way.

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