Chinahand Posted September 23, 2013 Author Share Posted September 23, 2013 (edited) Random quiz on China. Using figures from GapMinder The GDP per head in constant ppp dollars in Taiwan was 51 times higher in 2011 than in 1945 - ie people were basically 51 times richer in 2011 than in 1945, In Botswana it's 17 times. In Japan also 17 times. In Greece 16 times. In Austria 14 times. All these countries have been richer than China in every single year between 1945 and 2011 - it is harder to grow a richer country than a poorer country. So given these facts - how much times has GDP per head grow in China between 1945 and 2011. How does China's economic miracle compare with such economic powerhouses as Greece and Botswana? Go on have a go! Edited September 23, 2013 by Chinahand Quote Link to comment Share on other sites More sharing options...
Chinahand Posted September 24, 2013 Author Share Posted September 24, 2013 (edited) Oh ... no one willing to guess? Between 1945 and 2011 Taiwan's GDP per capita has grown on average 5.3% every year. Greece's has grown 3.7% Austria's 3.5% What growth has China achieved over this time period? How does its economic miracle compare? _________ As an aside these figures are a great example of the power of compounding - Taiwan's per capita growth rate of 5.3% has allowed wealth grow by 51 times. While Austria's 3.5% growth rate - which initially doesn't seem so different from Taiwan - has "only" increased its wealth 14 times. Those small differences add up to a lot more wealth over time! Edited September 24, 2013 by Chinahand Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted September 24, 2013 Share Posted September 24, 2013 7.9 in 2012 ??, (Google) Compound interest is fascinating. If anyone asks to borrow money, I suggest 10% compound interest per/day. (I actually never lend money). When I point out the money they will have to pay back, most don't believe such a thing exists. Quote Link to comment Share on other sites More sharing options...
Chinahand Posted September 24, 2013 Author Share Posted September 24, 2013 It is always difficult to compare countries - as inflation rates differ etc. The GapMinder figures say that China has grown at 3.6% per year since 1945, with its per capita GDP growing by 15 times. IE no where near as good as Taiwan or Japan, and actually slightly less than Greece (3.7%, 16 times), though it is better than Austria (3.5, 14 times) A lot of China's performance is catch up growth - it has been spectacular over the last 30 years, but this is in part because it starved itself of investment and opportunities in the 30 years before this. The UK's growth in comparison seems pants - 3 times and 1.5% - but another way to think of it is that in 1945 people in both China and the UK were producing a certain amount and through hard work and entrepreneurship etc wanted to produce more. By 2011 China had found ways of producing $8,000 more for each person, in the UK the figure was $22,000. Which economy has been more successful in increasing the productivity of its population! Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted September 24, 2013 Share Posted September 24, 2013 More of a concern for me is the success or otherwise of population number control. It appears that the UK has not controlled it's numbers successfully. It would be interesting to see the correlation between gdp and population number fluctuation. Particularly the fluctuation figures of productive population. Quote Link to comment Share on other sites More sharing options...
Lxxx Posted September 25, 2013 Share Posted September 25, 2013 More of a concern for me is the success or otherwise of population number control. It appears that the UK has not controlled it's numbers successfully. It would be interesting to see the correlation between gdp and population number fluctuation. Particularly the fluctuation figures of productive population. A simple way of controlling that would be to exterminate all guests and audience on Jeremy Kyle after every show. They'd have a much better demographic afterwards and save a fortune in benefits. Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted September 25, 2013 Share Posted September 25, 2013 lol Quote Link to comment Share on other sites More sharing options...
prism10 Posted September 27, 2013 Share Posted September 27, 2013 More of a concern for me is the success or otherwise of population number control. It appears that the UK has not controlled it's numbers successfully. It would be interesting to see the correlation between gdp and population number fluctuation. Particularly the fluctuation figures of productive population. A simple way of controlling that would be to exterminate all guests and audience on Jeremy Kyle after every show. They'd have a much better demographic afterwards and save a fortune in benefits. Could we not send them to Qatar to build the World Cup stadiums instead. Its the humane thing to do Quote Link to comment Share on other sites More sharing options...
Chinahand Posted November 23, 2013 Author Share Posted November 23, 2013 There is going to be a lot of tension between China and Japan in the South China Sea. http://www.bbc.co.uk/news/world-asia-25062525 China's new leader, Xi Jinping, seems to be increasing China's bellicosness. Ah the risks of pandering to Nationalism, China's Neo-Comms and the street will lap it up, but there is a real chance of a military clash and who knows where that could go. Quote Link to comment Share on other sites More sharing options...
P.K. Posted November 23, 2013 Share Posted November 23, 2013 Well they haven't built up their navy, including their first aircraft carrier, just so that they can patrol local waters looking for pirates. That aircraft carrier is now based in Qingdao and is tasked with patrolling the waters around - Japan! See http://www.stripes.com/china-s-naval-aspirations-a-blue-water-force-1.226669 Quote Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 23, 2013 Share Posted November 23, 2013 I believe they have at least one other aircraft carrier under construction but I'm sure they're more to practice anti-carrier battle group tactics against the Yanks than for any offensive purpose against Japan or Taiwan Quote Link to comment Share on other sites More sharing options...
Matt Bawden Posted November 23, 2013 Share Posted November 23, 2013 More of a concern for me is the success or otherwise of population number control. It appears that the UK has not controlled it's numbers successfully. It would be interesting to see the correlation between gdp and population number fluctuation. Particularly the fluctuation figures of productive population. A simple way of controlling that would be to exterminate all guests and audience on Jeremy Kyle after every show. They'd have a much better demographic afterwards and save a fortune in benefits. Along with the Tesco aisle dawdlers Quote Link to comment Share on other sites More sharing options...
Chinahand Posted November 26, 2013 Author Share Posted November 26, 2013 (edited) Erm B52 flights and disputed airspace - looks like it is going to be "interesting"! http://www.bbc.co.uk/news/world-asia-25110011 There is a very real risk of a miscalculation as happened when a Chinese fighter got too close to a US spy plane back in 2001. Edited November 26, 2013 by Chinahand Quote Link to comment Share on other sites More sharing options...
Bananaman Posted November 26, 2013 Share Posted November 26, 2013 I admit I don't know anywhere enough from the previous writings, but does this sound ominous? Calling bluffs and stuff? >>click<< Good read though Quote Link to comment Share on other sites More sharing options...
ScotsAlan Posted November 27, 2013 Share Posted November 27, 2013 Chinese geography lesson.... In the world, there are: 1. Chinese people. 2. Japanese people. 3. Black people. 4. Foreign people. Numbers 3 and 4 are confusing tho. Because lots of foreign countries have both. I say this jokingly of course. The problem as I see it is the apparent lack of humility from Japan over losing the war. It just confuses things of course that Japan was not defeated by any fully Asian country. Edit to add. http://english.sina.com/world/2013/0515/590999.html It's not just the Chinese who get upset. Quote Link to comment Share on other sites More sharing options...
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