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China appears to be ensuring that their economy continues to grow rapidly with the Belt and Road initiative. By some measures they have already passed the Unit

China appears to be ensuring that their economy continues to grow rapidly with the Belt and Road initiative. By some measures they have already passed the United States. https://www.bloomberg.com/opinion/articles/2017-10-18/who-has-the-world-s-no-1-economy-not-the-u-s https://www.bloomberg.com/opinion/articles/2017-10-18/who-ha... At some point soon, shouldn't the ability to grow the economy 6-10% a year become impossible?

dragonfly02 8y ago
The real growth rate is never the same as the official published rate. It was said last year China only grew less than 2%.
- WithHighProb 8y ago
  I said China grew negatively for years and the people are still living in caves
- doanguyen 8y ago
  Just curios, do you think the earth is flat?
siffland 8y ago
I have a feeling if some production switches to India it might put a damper on Chinas plans. That would slow their growth a lot. I am not going to argue if the Trump tariffs on China are good or bad. But they might force some companies to explore alternative manufactuing facilities with countries friendlier to the US. Apple looking at india as a possible move and some other large companies i have seen articles that are exploring the possibiliy. This is the problem with being dependant on other countries. China desperately needs exports to sustain their growth as a nation. U.S. needs China because we are use to overbuying cheap goods, however it goes back to supply and demand, if their are other suppliers it places the entity on the demand side in a much safer place. Just my opinion, i am not an economics guy so i am probably wrong.
- magduf 8y ago
  I think if India actually made sense as a place for western companies to invest in and build factories, they would have done it long before now.
  - ksdale 8y ago
    You could have said the same thing about China 50 years ago. Places aren’t appropriate for investment until they are, and then the change that can take place is staggering.
    - siffland 8y ago
      I agree, the disdain China has for the US and the Tiawan issues and other factors are causing this administration to do some crazy things (it will probably change in 2 years when elections are held again in the U.S.). I mean we (U.S. citizens) are being advised not to travel to China for risk of being detained and prevented from leaving the country (I mean they execute drug traffickers from Canada, pretty harsh). I didnt think someone as big as apple would consider moving production (and they might not). But given the chilly relations of our two countries and the less chilly relations we have with India it is not to hard to imagine things changing. I guess we will see in the coming months, i can't do anything, i am just along for the ride.
      - magduf 8y ago
        We have pretty good relations with India, yes, but then why haven't western countries been building factories there for the last couple decades? I think it's because, despite the good relations and India's democratic government (as opposed to China's authoritarian one), India has severe internal problems that make it unattractive as a location for factories. India has long had an extremely bad problem with corruption, namely. You can't get anything done there without a bribe.
      - seanmcdirmid 8y ago
        India has a lot of built-in hostility to overseas investment, especially in manufacturing. The reason software took off before anything else is largely because it avoided that hostility (and even then, challenges remain like income on patents). Even saying our relations with India are better than China is a bit misleading. The USA always backed Pakistan in any of their wars, while India was always the canonical third-world country that prefers Migs to F16s.

dragonfly02 8y ago

The real growth rate is never the same as the official published rate. It was said last year China only grew less than 2%.

WithHighProb 8y ago
I said China grew negatively for years and the people are still living in caves
doanguyen 8y ago
Just curios, do you think the earth is flat?

siffland 8y ago

I have a feeling if some production switches to India it might put a damper on Chinas plans. That would slow their growth a lot. I am not going to argue if the Trump tariffs on China are good or bad. But they might force some companies to explore alternative manufactuing facilities with countries friendlier to the US. Apple looking at india as a possible move and some other large companies i have seen articles that are exploring the possibiliy. This is the problem with being dependant on other countries. China desperately needs exports to sustain their growth as a nation. U.S. needs China because we are use to overbuying cheap goods, however it goes back to supply and demand, if their are other suppliers it places the entity on the demand side in a much safer place. Just my opinion, i am not an economics guy so i am probably wrong.

magduf 8y ago
I think if India actually made sense as a place for western companies to invest in and build factories, they would have done it long before now.
- ksdale 8y ago
  You could have said the same thing about China 50 years ago. Places aren’t appropriate for investment until they are, and then the change that can take place is staggering.
  - siffland 8y ago
    I agree, the disdain China has for the US and the Tiawan issues and other factors are causing this administration to do some crazy things (it will probably change in 2 years when elections are held again in the U.S.). I mean we (U.S. citizens) are being advised not to travel to China for risk of being detained and prevented from leaving the country (I mean they execute drug traffickers from Canada, pretty harsh). I didnt think someone as big as apple would consider moving production (and they might not). But given the chilly relations of our two countries and the less chilly relations we have with India it is not to hard to imagine things changing. I guess we will see in the coming months, i can't do anything, i am just along for the ride.
    - magduf 8y ago
      We have pretty good relations with India, yes, but then why haven't western countries been building factories there for the last couple decades? I think it's because, despite the good relations and India's democratic government (as opposed to China's authoritarian one), India has severe internal problems that make it unattractive as a location for factories. India has long had an extremely bad problem with corruption, namely. You can't get anything done there without a bribe.
    - seanmcdirmid 8y ago
      India has a lot of built-in hostility to overseas investment, especially in manufacturing. The reason software took off before anything else is largely because it avoided that hostility (and even then, challenges remain like income on patents). Even saying our relations with India are better than China is a bit misleading. The USA always backed Pakistan in any of their wars, while India was always the canonical third-world country that prefers Migs to F16s.