It has not been a good year for China. From the google censorship issue, Cheonan, Iran, Taiwan issue, Yuan appreciation/export issue, ASEAN, Diaoyu Islands, Liu Xiaobo’s Nobel prize winner, China’s foreign minister is working overtime to convey the message of the Chinese government but may not be getting its message out in a positive way. In this electronic global Media era, getting your message correctly is the key and use all forms tools of channels, whether it is economic, media, or trade is the key. Getting mad at other countries and making outrageous commendations and cutting off ties is not the way to go. Here’s how I rate China’s diplomatic issues so far this year.
Continue reading »
Oct 14
minipost-China’s foreign Minister: Don’t get mad, get even.
Written by: guest | Filed under:-mini-posts, Analysis, Opinion | Tags:ASEAN, Cheonan, Diaoyu Islands, Google, Iran, Liu Xiaobo, taiwan, yuan
59 Comments » newest
59 Comments » newest
Aug 05
(Letter) How fast China can catch up the US in GDP? It may be faster than you think.
Written by: guest | Filed under:Analysis | Tags:currency, dollar, economy, exchange rate, GDP, yuan
50 Comments » newest
50 Comments » newest
In 2002, the GDP of China was 10.2 trillion yuan, and the GDP of the US was 10.6 trillion US dollar. At the year-end exchange rate, China’s GDP was 11.7% of the US’. In 2007, the GDP of China was 24.7 trillion yuan, and the GDP of the US was 14.0 trillion US dollar. At the end-end exchange rate, China’s GDP was 24.0% of the US’.
If we assume the relative paces of the underlining economic numbers remain the same, China will catch up the US in 2019. That’s scenario #1. The key underlining economic numbers are: nominal GDP growth and currency exchange rate. Continue reading »
Recent Comments