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China in transition

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Pineau:
I watched a documentary about the rise of China. Although there were some biases in the film it is clear that China is out to dominate the USA. 

http://www.netflix.com/WiPlayer?movieid=70247540&trkid=13462100&tctx=-99%2C-99%2Cada739fc-e43e-4550-a487-be706a922e61-83297293

Its on Netflix or your can purchase the DVD. I think it is worth while for anyone to watch.

Willy The Londoner:
Well the news today that Pirelli tyres have accepted a Chinese takeover is just one more step to that domination.

We bought a General Motors Chinese built car and although it is nice and comfortable it probably would not pass the Western Worlds higher standards. But heck as I am never driven above 30 mph then thats no problem for me. ;)  Vehicle sales have increased year on year since 2008 with only the sales of commercial vehicles falling slightly in 2014. Already in the first two months of this year nearly 4 million more vehicles have been sold.

Ghost cities!  Maybe China is very astute in having housing ready for the higher population they will need to rely more on home consumption of products rather than export!!!! ;D ;D

No tearing down of houses here. Just empty land on which is springing up China's next large New City.  From my new home I can see about a dozen cranes working away. All creating work for thousands. If they do not sell then the speculators will dip out and offset losses against something else.

Pessimist - Optimist - whatever - I am having a great time watching things unfold from here. My GB Pounds are going much much fuuurrrttthhheeerr. ;D

I am one happy immigrant.

Willy

 

JohnB:
http://www.expatistan.com/cost-of-living/zhuhai
I tied this article, the 'cost of living' in Zhuhai China, to the subject title...all money things being relevant
to disposable income. I suppose the accuracy of the information is more- or- less what someone enters
and when. But I am thinking living costs certainly are on the up.

I picked Zhuhai because I picked Zhuhai, but any large city hosting ex- pats presents it's own unique
information. It would be an interesting exercise to do cost comparisons.
 
 
 

JohnB:
excellent BBC article, 21Sept15, on China growth in perspective. kind of funny, is titled
"Cement and pig consumption reveal China's huge changes".

http://www.bbc.com/news/world-asia-china-33802777

When China's President Xi Jinping visits the US this week, it will be a meeting of the world's two biggest economies. Yet,
compared with America, China's economic expansion has happened at breakneck speed. It has sparked mass urbanization
and led to tens of millions of rural workers heading to the cities to find work. This is the story of China's astounding
transformation - in pictures, interactive graphics and video.

According to UN data, the number of urban centres in China with a population of one million or more has leapt from 16 in
1970 to 106 in 2015. This compares to 45 in the US, and about 55 in Europe.

interesting graphs & pics. some but not all complimentary.

The Communist Party began to introduce capitalist market principles in 1978. After opening up to foreign investment in the 1980s,
China became one of the world's largest manufacturers, as factories took advantage of low labour costs.
China's economy grew at an average rate of 10% a year for the three decades up to 2010, although growth has since slowed down.
In recent years it overtook Japan to become the world's second-largest economy - although its GDP per capita remains well below
those of the US, Japan, Germany and the UK. Dramatic stock market falls over the summer have prompted questions about the lasting
strength of China's economic transformation.

China's growing GDP has been accompanied by rising disposable incomes - China has the world's highest number of outbound tourists,
and its visitors rank first in the world for expenditure, spending $165bn during holidays.
Popular destinations include Hong Kong, Japan, France, South Korea, the US and Thailand. 

makes you think again about the brilliance of Nixon in 1972 as he stepped off the plane in China, becoming the first American president to visit there, 
and today, where Xi Jinping will take China, the country of my wife.   https://history.state.gov/milestones/1969-1976/rapprochement-china

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