China's scary growth!

[noviapriani]

I came through this piece of interesting and mind blowing trivia today.

Apparently Bill Gates posted a tweet about China's growth.

http://www.huffingtonpost.com/2014/06/13...91527.html

It is stated that in the past three years alone, China had used as much cement as US had used in the past HUNDRED YEARS.

What do you think about China's growth as a developing nation and emergence to global superpower status?

[freedomno1]

Oh, Noes! A 404!

Can you find another source for this article or tell us what it was about in more detail.
Edit In Found one for you: http://www.wired.com/2014/06/how-much-cement-has-china-used/

In regards to your question

It is becoming a super power but it still has a way to go, at least they don't mind playing dirty in terms of proprietary information to get the country developed.
http://www.oregonlive.com/business/index.ssf/2014/05/trade_war_goes_digital_feds_ac.html

They must have a shortage of cement since developing countries use a lot more cement than developed ones
http://www.chinadaily.com.cn/china/2009-12/30/content_9244857.htm

Anyways I subscribe neither to the China Threat thesis or the Peaceful Rise thesis

Simply see them as adjusting to their circumstances and trying to get the optimal result prisoners dilemma on a multi sum stage with the occasional cheating of the game instead of cooperation when they think they can get away with it like other countries.

[BitCoinNutJob]

Captain bitcoin to the rescue imo.  West adopting bitcoin will create more efficiency vs china centralized system.  Maybe we can then supply them with products.

[rel-oad]

The very first thing we should all do is immediately stop purchasing plastic shit from China. We're pissing away our wealth.

[SirChiko]

Captain bitcoin to the rescue imo.  West adopting bitcoin will create more efficiency vs china centralized system.  Maybe we can then supply them with products.

How? You would need to work for few cents a hour to be able to be concurency to their cheap working power.

[DRK]

The very first thing we should all do is immediately stop purchasing plastic shit from China. We're pissing away our wealth.

Not really... also ''our wealth'' I'm guessing suggests you're from the US? Services markets are the key and I really believe in Unilateral tariff reductions as paving the way to greater economic success...

[noviapriani]

https://twitter.com/HuffingtonPost/status/477461699591553024
http://www.dailynews724.com/politics/bill-gates-just-blew-our-minds-in-a-single-tweet-h131350.html

This is all i could find ,sorry http://www.huffingtonpost.com/ didn't work for you....

[Rigon]

It's really hard to say. China's expansion is, in a lot of ways, dependent on the US. Both as consumer of goods and as debtor. If the US declined in power, this wouldn't necessarily be a good thing for China.

[sana8410]

It's really hard to say. China's expansion is, in a lot of ways, dependent on the US. Both as consumer of goods and as debtor. If the US declined in power, this wouldn't necessarily be a good thing for China.

Yes i agreed with you, that China's economic growth is helped by the US but certainly not dependent on it, you could say China needed the initial FDI to kick start their own investments but China is today the world's largest investor by dollar terms.

[umair127]

The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

[zolace]

Actually, I think China's growth comes at a heavy price to the environment. I have been to China before and the air quality was VERY bad. We were told that the weather is like that pretty much 365 days a year!
And it is interesting to note that China has resisted all attempts of the international community to restrain its pollution of the environment. Also, even though China is a part of the Kyoto Protocol, it is not obligated to cut down its greenhouse gases emissions due to being classified as a 'developing country'.
This is just outrageous in an era which many countries are trying to cut back their pollution for the sake of the environment, China is instead producing more pollution!

[tsoPANos]

China is the world's biggest exporter, and the world's second importer, with 1.2 billion people!
So yeah the growth in China's economy is huge.
By 2020 , China is expected to surpass the USA in gdp.  

[niothor]

When you have to redo thing 4 times because they are collapsing after a few months it's normal you use three times the material.
Also , if you build just to build with no real objective or economical reasons it's the same.

Another interesting point ,per capita consumption of cement

Saudi Arabia   1,683
China 1,581
South Korea 911
USA 232

[Rigon]

With the GOP, do not expect any jobs created or infrastructure rebuilding as in their minds they fantasize they "built that."
Thanks to Bush's "Most Favored Nation" status, China also took five million jobs though WalMart, Home Depot and the other GOP big box store, low-wage, business poster children fared well from cheap imports which was, of course, was not passed on to workers while taxpayers were hit with welfare subsidies to make up for the low wages like food stamps.
As people may have forgotten, Bush-Cheney mortgaged America's future to Communist China by borrowing $1.7 TRILLION to finance their 23+ years of combined wars in Afghanistan and Iraq based upon lies and oil greed. Ironically, China garnered the largest Iraq oil contract that is now in jeopardy as Iraq slowly falls apart.
Though China has been stealing US business and military secrets costing billions annually, America corporations continue to import billions of cheap goods while selling them our polluting coal. The one positive is US auto sales in China which the GOP will snark about but not all the cheap consumer goods that cost the most jobs.

[cryptasm]

The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

I read a while back that they had estimated China's defence budget will overtake the US within 20 years, still got a fair way to go, think they've only got one warship. Wont be long til Fox News starts screaming about the yellow peril 

[BitCoinNutJob]

Captain bitcoin to the rescue imo.  West adopting bitcoin will create more efficiency vs china centralized system.  Maybe we can then supply them with products.

How? You would need to work for few cents a hour to be able to be concurency to their cheap working power.

Ok so lets say west adopt crypto fully and china doesnt.  The evolution in all areas of the west.... economy/living standards/technology would be huge.  We would crush china in all departments.

And if not btw we should all be following china's model because they would be doing it right.  We know they arent though - centralization is backward.

[Cranky4u]

China owns huge amounts of US debt. Given US cannot pay of their own debt, it is only a matter of time before China cashes the checks and large chunks of US infrastructure is given to the CHinese as a debt swap agreement. Most likely the utilities, power and water, which the Chinese government will jack up the prices on and thereby ring the money owed out of the population.

[Cranky4u]

The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

I read a while back that they had estimated China's defence budget will overtake the US within 20 years, still got a fair way to go, think they've only got one warship. Wont be long til Fox News starts screaming about the yellow peril 

Chinese have a two huge fleets, not as many as the US's 5 however they are growing at an incredible rate and have so for the past 25 years. THey have just sent to sea their 1st aircraft carrier with two more in the pipeline. Capping it off,thye already have their 5th generation fighter entering low rate production whilst JSF continues to blow out.

Don't believe the US propoganda, the Chines and Russian 4th and 5th generation fighters are damn good and any technical deficency they do have is overcome in the additional numbers.

[niothor]

China owns huge amounts of US debt. Given US cannot pay of their own debt, it is only a matter of time before China cashes the checks and large chunks of US infrastructure is given to the CHinese as a debt swap agreement. Most likely the utilities, power and water, which the Chinese government will jack up the prices on and thereby ring the money owed out of the population.

Oh really?
The us say f** with your debt bonds....
What is China going to do? Keep silent and wag her tail like a dog .

China is not capable of trying to impose on the US. And it will never be.

The rapid growth in China’s defense budget is a natural outcome of its economic rise. It's not as scary as you all think. IHS Jane’s recently estimated that China will raise its military budget by nearly $10 billion this year (going from $139.2 billion to $148 billion). The news fits in well with catchy headlines about China’s growing military might, but as with all figures, the meaning can be distorted when taken out of context.

I read a while back that they had estimated China's defence budget will overtake the US within 20 years, still got a fair way to go, think they've only got one warship. Wont be long til Fox News starts screaming about the yellow peril 

Chinese have a two huge fleets, not as many as the US's 5 however they are growing at an incredible rate and have so for the past 25 years. THey have just sent to sea their 1st aircraft carrier with two more in the pipeline. Capping it off,thye already have their 5th generation fighter entering low rate production whilst JSF continues to blow out.

Don't believe the US propoganda, the Chines and Russian 4th and 5th generation fighters are damn good and any technical deficency they do have is overcome in the additional numbers.

That is not an aircraft carrier , it's and old Russian bathtub that was painted to hide the rust.

[sana8410]

China appears to have learned the wrong thing while trying to emulate the U.S. success. Just as we have top executives who create business plans that have flashy and impressive numbers in the short run but turn into losses after the executive has moved on, China's culture encourages city-managers to encourage the building of theme cities that look good on paper and sound impressive but don't have that most important of things: residents and the businesses that would be providing services to them.

All the government officials want is to have project that makes them look productive so they are promoted out of the area. That there are no businesses to fill the shopping malls and no residents to lease the apartments or buy things from those businesses (if they existed) isn't something they are concerned with.

On top of that, they are ignoring the better practices that the U.S. has come up with to reduce pollution and environmental damage because the money to do so would reduce the amount of work that they are trying to impress people with.

The reason they have been able to do this without a complete meltdown is that they also have an immense amount of very cheap labor to generate cheap products for other nations to buy. They are slowly raising some of the public's quality-of-life but that isn't hard when, previously, those people were living with dirt floors and no running water.

China threatens to lower the quality-of-life for other nation's employees to continue with this. In other words, they have become the Walmart of the world job market.