Topic: China Has more of EVERYTHING.. How many bitcoins? (Read 5236 times)
chinese people are heroes for making cheap stuff we all love to buy
That said they will still probably gobble up most (60% +?) of all Bitcoins which is what this thread is meant to be about before it got sidetracked
You can't buy whats not for sale
Wow people are hating on china here... lol... if it wasn't for the chinese, we would not have cheap shoes:D
Actually I had a talked about this a few weeks ago in a store and it seemed all the shoes there (all types of them) were made in Bangladesh actually.
The same misconception applies to pc parts , lots of them made in Malaysia or Philippines Taiwan etc.
Don't worry , once the Chinese demand a wage increase most factories will move to the next cheap labor country.
China is still cheap but not as much as before and the excess labor supply is not expected to vanish until 2020-2025.
http://chinalabourmarket.com/china-will-maintain-labor-cost-advantage-in-foreseeable-future.html
Xu said that the cost advantage of China’s low-end labor force will not disappear in the short run because: First, the average salary of U.S. manufacturing workers is much higher than that of Chinese workers and this phenomenon will remain for a long time. Second, there is surplus labor force in rural areas waiting for employment. Third, it is not easy and needs lots of money for transnational corporations to relocate their factories to another country.
The International Monetary Fund estimated that although the supply of China’s surplus labor force is dropping, it will completely be consumed away in sometime between 2020 and 2025.
“Chinese workers have certain comparative advantage because they have a wage level higher than the workers of Vietnam and Laos but lower than that in Taiwan, Hong Kong, South Korea, Singapore, Brazil and other countries and regions,” Zhang said.
For Americas Mexico is cheapest and Europe Poland Hungary and lithuania.
http://www.scdigest.com/assets/newsviews/13-04-11-1.php?cid=6923
http://epp.eurostat.ec.europa.eu/statistics_explained/index.php?title=File:Table1_Average_Gross_annual_Earnings_in_the_business_economy_%28full-time_employees%29,_2008-2011.png&filetimestamp=20130619135352
The hourly rate is not the only factor which affects production costs but that's another topic. China is still cheap but getting more expensive obviously there are some items that are less suitable to be manufactured in China but so many do have a cost advantage for now.. Production cannot however be transferred quickly so it will take some years to alter the balance. Meanwhile China is already anticipating that and starting to move to promote more of a consumption based economy.
IMF overview
http://www.imf.org/external/pubs/ft/fandd/2013/06/das.htm
That said they will still probably gobble up most (60% +?) of all Bitcoins which is what this thread is meant to be about before it got sidetracked
Wow people are hating on china here... lol... if it wasn't for the chinese, we would not have cheap shoes:D
Actually I had a talked about this a few weeks ago in a store and it seemed all the shoes there (all types of them) were made in Bangladesh actually.
The same misconception applies to pc parts , lots of them made in Malaysia or Philippines Taiwan etc.
Don't worry , once the Chinese demand a wage increase most factories will move to the next cheap labor country.
Wow people are hating on china here... lol... if it wasn't for the chinese, we would not have cheap shoes:D
Yeah , it's due to it's size , nothing more.
I don't wish for this , but in a case of a poor agricultural year , Buddha helps China.
Because the one who afford 10$ for a bread will be the ones safe. And that ain't the average Chinese.
You country could be the most powerful in the world or the richest , it doesn't help a growling stomach.
I don't wish for this , but in a case of a poor agricultural year , Buddha helps China.
Because the one who afford 10$ for a bread will be the ones safe. And that ain't the average Chinese.
You country could be the most powerful in the world or the richest , it doesn't help a growling stomach.
Balance of trade :
http://www.tradingeconomics.com/china/balance-of-trade
http://www.tradingeconomics.com/germany/balance-of-trade
China recorded a trade surplus of 311.07 USD Hundred Million in October of 2013
Germany recorded a trade surplus of 20.40 EUR Billion in September of 2013
80 mils germans vs "the country that makes everything in the world".
http://www.tradingeconomics.com/china/balance-of-trade
http://www.tradingeconomics.com/germany/balance-of-trade
China recorded a trade surplus of 311.07 USD Hundred Million in October of 2013
Germany recorded a trade surplus of 20.40 EUR Billion in September of 2013
80 mils germans vs "the country that makes everything in the world".
Germany doing a great job. Not belittling their achievements. Due to its size and population China still has more of most things.
I don't know if you have ever been to China , but judging by the air there and all the pollution , I doubt most of them will be able to make the second child.
Yes been there (mainland) and was in Macau last August where you can see the wealth from mainland being splashed around.
In the unlikely event they need help in procreating I will offer my services as I have 9 kids
Balance of trade :
http://www.tradingeconomics.com/china/balance-of-trade
http://www.tradingeconomics.com/germany/balance-of-trade
China recorded a trade surplus of 311.07 USD Hundred Million in October of 2013
Germany recorded a trade surplus of 20.40 EUR Billion in September of 2013
80 mils germans vs "the country that makes everything in the world".
http://www.tradingeconomics.com/china/balance-of-trade
http://www.tradingeconomics.com/germany/balance-of-trade
China recorded a trade surplus of 311.07 USD Hundred Million in October of 2013
Germany recorded a trade surplus of 20.40 EUR Billion in September of 2013
80 mils germans vs "the country that makes everything in the world".
Please let me know how the balance of trade looks , for China and Germany.
http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/6-18092012-AP/EN/6-18092012-AP-EN.PDF
Germany only Member State with a trade surplus with China
Among the
EU27
Member States,
Germany
(34 bn euro or 47% of EU exports) was by far the largest exporter to
China
in the first six months of 2012, followed by
France
(8 bn or 11%) and the
United Kingdom
(6 bn or 8%).
Germany
(30 bn or 21% of EU imports) was also
the largest importer, followed by the
Netherlands
2
(26 bn or
18%),
the
United Kingdom
(19 bn or 14%),
Italy
and
France
(both 13 bn or 9%
I don't know if you have ever been to China , but judging by the air there and all the pollution , I doubt most of them will be able to make the second child.
Definitely not. Netherlands is VERY wealthy for its size and even compared to far larger countries Quality of life and social safety nets are far better than most countries ( probably top 10 or 20, I got married there and lived for 2 yrs in Rotterdam 1979-81) unless of course things have greatly changed for the worse which I doubt. Germany is also unquestionably wealthy, probably no 1 in TOTAL wealth in Europe
So you realize , that India might beat China on this numbers pretty soon at the rate their population grows , while there are still thousands of people starving from hunger and dog bites in that country.
This is a possibility and maybe one of the reasons ,after Governments realization, that China is relaxing its 1 child policy with a probable eventual aim ( in small steps) of removing all restrictions. At which point female baby clothes manufacturers/ retailers will BOOM in China
Definitely not. Netherlands is VERY wealthy for its size and even compared to far larger countries Quality of life and social safety nets are far better than most countries ( probably top 10 or 20, I got married there and lived for 2 yrs in Rotterdam 1979-81) unless of course things have greatly changed for the worse which I doubt. Germany is also unquestionably wealthy, probably no 1 in TOTAL wealth in Europe
So you realize , that India might beat China on this numbers pretty soon at the rate their population grows , while there are still thousands of people starving from hunger and dog bites in that country.
China has more of everything or soon will have
2 Cars /autos
China was #2 in 2010 but now probably #1
According to Ward's, the United States has the largest fleet of motor vehicles in the world, with 239.8 million by 2010
http://en.wikipedia.org/wiki/Motor_vehicle
but 2012 figures
http://www.bloomberg.com/news/2013-02-01/china-vehicle-population-hits-240-million-as-smog-engulfs-cities.html
China Vehicle Population Hits 240 Million
and so it goes on..and on and on.
Whatever you define as something of value they are #1 owners or soon will be
On the other side they have 160Million BELOW the official poverty line but the yearly reduction on this number is HIGH with a probable 0 million in 5-10 yrs
Well ,
List of countries by vehicles per capita
111 China 85
3 United States 797
Yes the per capita issue
If you realize the per capita is a ratio to POPULATION and that China pop is so much larger than USA and everyone else then simple maths show that the actual TOTAL number is higher even though the per capita is lower as in the TV example aboveCars are neck and neck and production in China is double so very soon ( if not already) they will be no 1 in TOTAL autos owned ( but still lower in per capita)
You know , China has more cars than the Netherlands , does this mean the dutch are a third world country
Also , China has more highways than Germany , and Germany will never be able to compete , those poor Germans and their dirt roads
Also , if you took your time , to go to this
http://www.tradingeconomics.com/china/indicators
Please let me know how the balance of trade looks , for China and Germany.
Definitely not. Netherlands is VERY wealthy for its size and even compared to far larger countries Quality of life and social safety nets are far better than most countries ( probably top 10 or 20, I got married there and lived for 2 yrs in Rotterdam 1979-81) unless of course things have greatly changed for the worse which I doubt. Germany is also unquestionably wealthy, probably no 1 in TOTAL wealth in Europe
China has more of everything or soon will have
2 Cars /autos
China was #2 in 2010 but now probably #1
According to Ward's, the United States has the largest fleet of motor vehicles in the world, with 239.8 million by 2010
http://en.wikipedia.org/wiki/Motor_vehicle
but 2012 figures
http://www.bloomberg.com/news/2013-02-01/china-vehicle-population-hits-240-million-as-smog-engulfs-cities.html
China Vehicle Population Hits 240 Million
and so it goes on..and on and on.
Whatever you define as something of value they are #1 owners or soon will be
On the other side they have 160Million BELOW the official poverty line but the yearly reduction on this number is HIGH with a probable 0 million in 5-10 yrs
Well ,
List of countries by vehicles per capita
111 China 85
3 United States 797
Yes the per capita issue
If you realize the per capita is a ratio to POPULATION and that China pop is so much larger than USA and everyone else then simple maths show that the actual TOTAL number is higher even though the per capita is lower as in the TV example aboveCars are neck and neck and production in China is double so very soon ( if not already) they will be no 1 in TOTAL autos owned ( but still lower in per capita)
You know , China has more cars than the Netherlands , does this mean the dutch are a third world country
Also , China has more highways than Germany , and Germany will never be able to compete , those poor Germans and their dirt roads
Also , if you took your time , to go to this
http://www.tradingeconomics.com/china/indicators
Please let me know how the balance of trade looks , for China and Germany.
China:
America:
Statistics are coming from BitcoinAverage.
| Exchange | | | Volume % | | | Volume ฿ |
| btcchina | | | 62.02% | | | 82371.97 |
America:
| Exchange | | | Volume % | | | Volume ฿ |
| btce | | | 43.93% | | | 32543.84 |
Statistics are coming from BitcoinAverage.
China has more of everything or soon will have
2 Cars /autos
China was #2 in 2010 but now probably #1
According to Ward's, the United States has the largest fleet of motor vehicles in the world, with 239.8 million by 2010
http://en.wikipedia.org/wiki/Motor_vehicle
but 2012 figures
http://www.bloomberg.com/news/2013-02-01/china-vehicle-population-hits-240-million-as-smog-engulfs-cities.html
China Vehicle Population Hits 240 Million
and so it goes on..and on and on.
Whatever you define as something of value they are #1 owners or soon will be
On the other side they have 160Million BELOW the official poverty line but the yearly reduction on this number is HIGH with a probable 0 million in 5-10 yrs
Well ,
List of countries by vehicles per capita
111 China 85
3 United States 797
Yes the per capita issue
If you realize the per capita is a ratio to POPULATION and that China pop is so much larger than USA and everyone else then simple maths show that the actual TOTAL number is higher even though the per capita is lower as in the TV example aboveCars are neck and neck and production in China is double so very soon ( if not already) they will be no 1 in TOTAL autos owned ( but still lower in per capita)
China has more of everything or soon will have
2 Cars /autos
China was #2 in 2010 but now probably #1
According to Ward's, the United States has the largest fleet of motor vehicles in the world, with 239.8 million by 2010
http://en.wikipedia.org/wiki/Motor_vehicle
but 2012 figures
http://www.bloomberg.com/news/2013-02-01/china-vehicle-population-hits-240-million-as-smog-engulfs-cities.html
China Vehicle Population Hits 240 Million
and so it goes on..and on and on.
Whatever you define as something of value they are #1 owners or soon will be
On the other side they have 160Million BELOW the official poverty line but the yearly reduction on this number is HIGH with a probable 0 million in 5-10 yrs
Well ,
List of countries by vehicles per capita
111 China 85
3 United States 797
You left out French wines. Typically most of the batches of Petrus and Château Lafite Rothschild wines end up in China as they are now an investment, since a good year will multiply in value. I imported a case of Château Calon-Ségur to Canada that would have been worth 3x what I paid for it if I didn't drink it all lol
My apologies LOL
http://www.gallus-group.com/DesktopDefault.aspx/tabid-327/488_read-1003
China:
Chinese wine industry: China is in 7th position in the ranking of wine manufacturing countries. The Chinese wine industry has entered a high-speed growth phase in recent years. The international financial crisis in 2008 did not have a severe impact on the Chinese wine industry. In 2008, Chinese wine production totalled 698 million litres, a 5% increase over 2007. In 2009, Chinese wine production amounted to 960 million litres, rising by 37.5% YOY.
The concentration of the Chinese wine industry is much higher than that of the beer and liquor industries. The sales volumes of Changyu, Great Wall and Dynasty account for over 40% of the Chinese wine market. Today, China has more than 60 thousand hectares of wine grapes.
Wine belongs to the fast moving consumer goods market. Competition in the Chinese wine market concentrates on market capacity and sales channels rather than product function, attributes and technology. Sales channels have become the key success factor for competition. Wine consumption in China mainly falls into two categories – restaurants/hotels and retail channels such as shops and supermarkets. According to statistics, restaurants and hotels have a share of more than 50% of the Chinese wine market, while the share of retail channels is less than 50%. Among these retail channels, supermarkets and general merchandise stores account for more than 50%, while convenience stores, exclusive stores, independent food stores, etc. make up the remainder.
http://www.ibtimes.com/chinese-wine-consumption-all-time-high-no-global-shortage-expected-1451582
http://business.time.com/2013/10/31/how-china-became-the-wine-worlds-most-unlikely-superpower/
Unless you are in the market for super-premium or collectible bottles, where Chinese investors do dominate says Veseth, there isn’t actually much to fear from China
Read more: China Grows as a Wine Superpower
You left out French wines. Typically most of the batches of Petrus and Château Lafite Rothschild wines end up in China as they are now an investment, since a good year will multiply in value. I imported a case of Château Calon-Ségur to Canada that would have been worth 3x what I paid for it if I didn't drink it all lol
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