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What don't we know about the Chinese economy?
What are things which the general public doesn't know about the Chinese economy?

what we dont know, we dont know.

It's pretty obvious the real crisis will be the one China and not in Europe. What we've seen in Greece is shit nothing, wait until the Chinese fictional bubble of bad quality mass produced products break. In my opinion it will happen sooner or later and it will be way worse than Europe having problems with a couple countries.

Mostly, everything.  I see so much written about China and my experience in travels there has shown me most all of it is false. 

I suspect that just like every economy in the world, it is highly manipulated.  Which usually means that the typical business cycle is exacerbated, guaranteeing a bubble/burst in stead of a simple up/down.

Maybe that what we dont see or we dont want to see is that China is everywhere.I see here new Volvo cars,really good,new designe,same sweden solidy,made in Sweden anyway Volvo belongs to Chinise

China is rebuilding Silk Road,Road to Europe,one day it will be possible to see chinise trucks on european highways

I think most people don't realise just how fake and completely untrue the numbers are. If someones performance is judged by a number they will manipulate that number in their own favore. This is true in so many institutions around the world but in China its turned up to 11, everywhere.  

So all the figures coming out of China are fake, generally to make things appear better than they are.

A good way to know a figure is fake is that often a fiat symbol is placed next to it after it is made up. 

they have very little air pollution requirements, the equipment to reduce emissions cost lost of money, therefore not having to reduce emissions allows them to produce goods cheaper.

This also leads to horrendous air quality.

Yet, the global warming crowd doen't seem to want to focus in on the worlds largest polluter:

http://www.reuters.com/news/picture/who-are-the-worlds-biggest-polluters?articleId=USRTXRKSI

yes we don't know but we know about the Chinese people is smart business and them produce goods cheaper.

They are smart people, yes, but the real reason for their good being so cheap is:

1) extremely low wages, which are subsidized by the government
2) like I mentioned above, little to no emissions requirements, resulting in cheaper production facilities and operating costs
3) their goods are physically cheaply made, low quality and low quality control
4) reverse engineering. a lot of their tech products are "reverse engineered" resulting in lower development costs

China will go through a series of environmental crisis, then economic crisis, then social crisis followed with mass riots popping everywhere. Entropy will deliver those sooner or later. Its a bubble because its not sustainable, and all they did trying to cheat the system will be for nothing.

I disagree with the low quality and low quality control. If you have Nike and Apple products being made in China, I doubt if contracts can be won without ensuring quality. These goods are being produced in China because they are made at an economical cost and adhere to quality.

If you are talking about generic products, you do get inferior products in all parts of the world.

...

China lies about is numbers.  Look at harder to fake numbers like electricity production as well as import & export figures.

China has just put the big "Holy Grail" NatGas pipeline project(s) on ice with Russia.  This was supposed to be a huge deal, billions and billions.  And avoiding the "Petrodollar" as well.

I guess China & Russia will not kill King Dollar yet...

There is a debt crisis in China waiting for a catalyst to ignite it. Everyone thought 10% GDP growth would go on forever, that all 1.4-bil Chinese would move to coastal cities, buy a car, refrigerator, etc, etc. So state-run and private businesses took on as much debt as they could to grab the biggest piece of the pie they could. All that debt needs to unravel. Real Estates is egregiously over priced. Construction quality is crap. Skyscrapers go up, are finished, and will never be safe or liveable. They were only built to turn a quick buck off of the initial buyer-speculators.

It will implode, quickly or slowly, who's to say.

At the same time, there are real business growing and thriving. Alibaba is an example. There are others of course ...

^^ That is very true. ^^

China has huge debt problems, the problem (for us trying to analyze their debt) is that those numbers are fudged as well.

I also agree with your comment that some businesses are doing fine.  We, for example, buy some 30% - 35% of our bearings (by $-value) from China.  The prices are great, and we have located factories that produce fairly good pieces (bearing reliability is problem with Chinese).

What I do not know is whether or not our suppliers in China are healthy...

If they are still shipping parts to you, then count them 'healthy.'

In China, 'healthy' is difficult for a foreigner to discern because they have different standards. Many business executives today were raised amid the Great Proletarian Cultural Revolution wherein Mao orchestrated food shortages in order to starve the population down to a more manageable level. So for many of today's executives, if they are not starving, they are 'healthy.' Yes, I'm mixing the ideas of physical body health and business health, but you get the point.

I'm not being funny or exaggerating. Their business may be losing money, but they will limp along and struggle to make it work as long as possible.

Not dead = healthy

i think that the chinese economy is very good and very stable. The greatest companies around the world invest money in China and build their factories there, everyone who wants to work can find work, and if you are good and you have the knowledge needed you can be an engineer.

Good , YES but not stable because it is increasing rapidly. The economics growth is pretty huge and it is deemed that their economics could be the largest by few years later


There are two things that will attract investor to open up a factory in a foreign country which is High number of labor and low wages for the labor and China is the safe haven for that. The country's population has been keep on increasing and poverty is the main reason why there are tons of labor there, simply a low wages will just satisfy them rather than not being able to feed their family ( a harsh truth indeed but still a truth of the current situation )

Chinese stockmarket and actually the entire housing market is a huge pump system.

The dump is happening now on the stockmarkets. Just 1 of the many bubbles thats blowing up.

The big questions are ofc can the Chinese governement contain then so it doesn't spread to rest of the world or has it already spread and is it to late?

If its to late i expect a drop in western markets september-october.

Frankly, not much. Information's flowing well. I see plenty of reports and articles from China. Their economy is still growing at a much faster pace than western countries despite all the recent hiccups. We may miss a few details, the overall picture given by news services is correct. I've been to China 3 times.

Economic Overview

The Chinese economy experienced astonishing growth in the last few decades that catapulted the country to become the world's second largest economy. In 1978—when China started the program of economic reforms—the country ranked ninth in nominal gross domestic product (GDP) with USD 214 billion; 35 years later it jumped up to second place with a nominal GDP of USD 9.2 trillion.

Since the introduction of the economic reforms in 1978, China has become the world’s manufacturing hub, where the secondary sector (comprising industry and construction) represented the largest share of GDP. However, in recent years, China’s modernization propelled the tertiary sector and, in 2013, it became the largest category of GDP with a share of 46.1%, while the secondary sector still accounted for a sizeable 45.0% of the country’s total output. Meanwhile, the primary sector’s weight in GDP has shrunk dramatically since the country opened to the world.

China weathered the global economic crisis better than most other countries. In November 2008, the State Council unveiled a CNY 4.0 trillion (USD 585 billion) stimulus package in an attempt to shield the country from the worst effects of the financial crisis. The massive stimulus program fuelled economic growth mostly through massive investment projects, which triggered concerns that the country could have been building up asset bubbles, overinvestment and excess capacity in some industries. Given the solid fiscal position of the government, the stimulus measures did not derail China’s public finances. The global downturn and the subsequent slowdown in demand did, however, severely affect the external sector and the current account surplus has continuously diminished since the financial crisis.

Apparently, China exited the financial crisis in good shape, with GDP growing above 9%, low inflation and a sound fiscal position. However, the policies implemented during the crisis to foster economic growth exacerbated the country’s macroeconomic imbalances. Particularly, the stimulus program bolstered investment, while households’ consumption remained repressed. In order to tackle these imbalances, the new administration of President Xi Jinping and Premier Li Keqiang started to unveil economic measures aimed at promoting a more balanced economic model at the expense of the once-sacred rapid economic growth.

Economic History

After Mao Zedong’s death in 1976, Deng Xiaoping—who was the core of the second generation of Chinese leadership—became China’s paramount leader and pushed ahead bold reforms that reshaped the country’s economy. At the Third Plenum of the 11th Central Committee of the Communist Party of China, held in December 1978, Deng announced the official launch of the Four Modernizations—agriculture, defense, industry and science and technology—which marked the beginning of the reform and opening-up policies. Economic reforms under Deng’s era increased the role of market mechanisms and reduced government control over the economy. The measures included, among others, breaking down the collective farms, opening up China to foreign investment, encouraging business entrepreneurship, establishing Special Economic Zones and introducing market incentives in the state-owned companies. Moreover, China started to participate in the global economy and the country joined the International Monetary Fund (IMF) and the World Bank in 1980.

In early 1990s, Jiang Zemin—the third generation of Chinese leadership—became the new paramount leader of the country and his administration implemented substantial economic reforms. Under his mandate, most of the state-owned companies, except large monopolies, were privatized or liquidated, thus expanding the role of the private sector in the economy at the cost of leaving millions unemployed. During the same period, President Jiang and Premier Zhu Rongji reduced trade barriers; ended state planning; introduced competition, deregulation and new taxes; reformed and bailed out the banking system; and drove the military stratum out of the economy. In addition, Jiang guided China to join the World Trade Organization in December 2011, which buttressed the country’s trade.

In 2002, Jiang Zemin stepped down as General Secretary of the Communist Party, thereby initialing the transition to the fourth generation of leadership, led by President Hu Jintao and Premier Wen Jiabao. The Hu-Wen administration tried to reduce the income gap between the coastal cities and the countryside, as China’s skyrocketing growth mostly benefited just one part of the population. They increased subsidies, scrapped agricultural taxes, slowed privatization of state assets and promoted social welfare. Despite the government’s efforts to prevent the country from overheating, by the mid-2000s the economy experienced an unprecedented economic growth mainly due to booming exports, resilient private consumption, soaring manufacturing and massive investment. However, the 2008 global financial crisis forced the Chinese authorities to launch an aggressive stimulus package and adopt a loose monetary policy.

The fifth generation came to power in 2012, when President Xi Jinping and Premier Li Keqiang took the reins of the country. The new Xi-Li administration unveiled an ambitious reform agenda in an attempt to change the country’s economic fundamentals and ensure a sustainable growth model. In this regard, authorities expressed their willingness to tolerate lower growth rates as a necessary condition to push forward economic reforms. Xi coined the term “Chinese Dream” as his contribution to the guiding ideology of the Communist Party of China. Although vague, the “Chinese dream" emphasizes people’s happiness and the idea of a strong China.

China’s Balance of payments

China’s external position is extremely solid. The current account has recorded a surplus in every year since 1994. The capital account followed suit and only recorded two deficits in the last 20 years. This situation of surpluses in the both the current and the capital put pressure on the national currency and prompted the Central Bank to sterilize most of the foreign currency that entered the country. As a result, China’s foreign exchange reserves skyrocketed to almost USD 4.0 trillion in 2014. The current account surplus reached its peak in 2007, when it represented 10.1% of GDP. Since then, however, the surplus has narrowed and in 2013 it fell to only 2.0% of GDP.

China’s capital account has bold controls, which implies that the country lacks the freedom to convert local financial assets into foreign financial assets at a market-determined exchange rate and vice versa. The new Xi-Li administration and the People’s Bank of China vowed to accelerate interest rate liberalization and capital account convertibility. In this regard, Chinese authorities have started to implement some measures, such as removing a cap on foreign-currency deposit rates in Shanghai.

The capital account benefited from strong inflows of Foreign Direct Investment (FDI). FDI has performed strongly in the last decade, with record inflows of USD 118 billion in 2013, thereby becoming the second largest recipient of foreign investment. Among the countries that invest more in China are Hong Kong, Singapore, Japan, Taiwan, and the United States. In addition, China’s outward investment soared in recent years and, according to some analysts, the country could become a net exporter of capital in the coming years.

China’s Trade Structure

China has experienced interrupted merchandise trade surpluses since 1993. Total trade multiplied by nearly 100 to USD 4.2 trillion in only three decades and, in 2013, China surpassed the United States as the world’s biggest trading nation.

The opening of the country and the government’s massive investment programs have prompted the country to become a major manufacturing hub. This situation fostered trade growth in the last decades, particularly after China joined the World Trade Organization in 2001. As an economy highly integrated into the global trade system, the country benefited from a steady improvement in its terms of trade since 2000. However, the global economic downturn in 2008-2009 led the country to reduce manufacturing output, thus putting a drag on China’s trading sector.

Moreover, the country has engaged in several bilateral and multilateral trade agreements that have opened new markets for its products. In 2003, China signed the Closer Economic Partnership Arrangement with Hong Kong and Macau. A Free Trade Agreement (FTA) between China and the ASEAN nations came into effect on January 2010, which created the world’s third largest free trade area in terms of nominal GDP. China also established, among others, FTA with countries such as Chile, Costa Rica, Pakistan, Peru, New Zealand, Thailand and Singapore. Moreover, there are other FTA under negotiation with Australia, the Gulf Cooperation Council, Japan, Korea and Norway.

Exports from China

Electronics and machinery make up around 55% of total exports, garments account for 13% and construction material and equipment represent 7%. Sales to Asia represent over 40% of total shipments, while North America and Europe have an export share of 24% and 23%, respectively. Although exports to Africa and South America expanded rapidly, they only account for 8% of total shipments.

Due to favorable global trade conditions and China’s accession to the World Trade Organization in December 2001, the country has experienced an astonishing growth of 26.9% annually in real goods and services exports during the 2002-2008 period.

While exports contracted sharply in 2009 due to the downturn in global demand, shipments in 2010 and 2011 rebounded strongly following the 2008 financial crisis. In 2012 and 2013, export growth averaged 7.8%.

In nominal terms, merchandise exports jumped from just USD 267 billion in 2001 to USD 2.2 trillion in 2013, which represents annual average growth of 20.2%. According to FocusEconomics Consensus Forecast panelists’ projections from September 2014, Chinese exports are expected to slow to a 6.6% increase in 2014 following an expansion of 7.9% in 2013. Panelists see exports picking up in 2015 to an 8.8% expansion.


you check its out :
http://www.focus-economics.com/countries/china

Remember that by "their economy is growing" we mean exactly and solely that "more RMB has been issued".  This is the late 20th century definition of economy, it is GDP, which is a fiat currency tally.  Money has been printed, that's all it means.  And yes, a hell of a lot of RMB have been issued; perhaps this is part of said overall picture, it sure is tough to hide isn't it. 

Well. First you must tell who are "we". Then they "we" must tell what do they know about the Chinese economy. After this I can tell them what they want to know about it. If I don't know what they know I cannot tell them what they want to know (that don't know).

If with "we" you mean "you" then is the same story.

You must tell me or write in your op what do you know about Chinese economy and then I will try to tell you what you don't know. If I don't know what do you know about it how I can tell you what do you not know?

The chinese economy is not as open as the developed world. There is really a huge amount of data i believe is manipulated especially in regards to thee environment as well as finances. Corruption and bad pollution will take a long time to fix.

The Chinese economy is still growing much faster than the Western economy. The problem is that its work population is too large, it needs to grow at least 6% a year to absorb the extra new labour.

We don't know the true volumes at Bitcoin exchanges.  :-[

We know that Chine is growing at 7% annually, faster than western economy. Probably they encounter some issues like anywhere in any countries. But if they don't leak out, we would never know that.

Does it matter? At least we know that more than 70% of bitcoin are traded at CNY.

I don't know much about the Chinese economy.

I do like to know and learn more from it and how it effects bitcoin.

You know it's wrong.
They have inflation like most countries, but they are producing a lot of goods and their quality is always increasing.

China's economy, like it or not, is still growing at least 3 times as fast as western countries.

I already saw a few cars and motorcycles here  :D

the Chinese are workaholics but it is china where you will get some of the poorest people. The economy is good but only being enjoyed by the rich. The poor work 24 hours and earn less than a dollar which is very bad. The cities are well built but go to the villages you will not believe it

From several documentries i have watched related to world economy shows that china is buying lots of gold and storing them, china is helping ghana with funds to build infrastructures in exchange of 10,000+ chinese people annually going to ghana and running illegal gold mining, china is country of largest bitcoin miners. I think they like to store larger portion of world assets which can be exchanged in far future if any wrong things goes on their economy.

I know about the economy in China is fine, but there bitcoin price is more expensive than a bitcoin exchange in country

so many..i think we dont know how china build their economic philosophy,they have a strong economy for now,and its an effect from their history,they from the past time have own method.

A lot.

Did you now they have a-shares (for western instituions), but the same stocks are also traded (cheaper) as b-shares.
http://www.investopedia.com/terms/b/b-shares.asp

It is really interesting to know how to build this construction to profit from western capital

That's some shady things they do. Do you have to be registered as a chinese company/individual to trade on the b share market?

What we don't know is that they do have huge Egyptian pyramid in their place and they hide their golds there.

The A-share is for domestic investors. The B-share is for foreign investors. B-share is cheaper.

B-share and A-share merged many years ago. There is no more b-share.

...

The government of China manipulates many of its economic figures, most analysts think that Chinese economic growth is LESS than what .gov China reports.

I have not seen the latest figures, but there does seem to be a way to get some reliable numbers that would help show their economic position:

-- railroad car loadings
-- electricity production
-- imports & exports

Information like the above is harder to fake...

Chinese people can't cashout their money freely into forex.

Lot of things..Any  adult chinise can open small business.Whatever it is.He doesnt  need even register that business untill  some  level of earings,He simply make money,no  fee,no taxes pure capitalism

Milions chinise  are runing  business like that,thay make money thay are speding money.Economy growth

I never kew that... They're not taxed... Wow.