China appears to be ensuring that their economy continues to grow rapidly with the Belt and Road initiative. By some measures they have already passed the United States. https://www.bloomberg.com/opinion/articles/2017-10-18/who-ha... At some point soon, shouldn't the ability to grow the economy 6-10% a year become impossible?
The real growth rate is never the same as the official published rate. It was said last year China only grew less than 2%.
Can China Turn the Middle of Nowhere into the Center of the World Economy?
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Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#12> that its promoters say is poised to become the next Dubai I think its promoters have some funny ideas about what Dubai is and why people go there
Why _do_ people go there, and why don't you think Chinese developers can replicate that?
Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#13China appears to be ensuring that their economy continues to grow rapidly with the Belt and Road initiative. By some measures they have already passed the United States. https://www.bloomberg.com/opinion/articles/2017-10-18/who-ha... At some point soon, shouldn't the ability to grow the economy 6-10% a year become impossible?
I am not going to argue if the Trump tariffs on China are good or bad. But they might force some companies to explore alternative manufactuing facilities with countries friendlier to the US. Apple looking at india as a possible move and some other large companies i have seen articles that are exploring the possibiliy.
This is the problem with being dependant on other countries. China desperately needs exports to sustain their growth as a nation. U.S. needs China because we are use to overbuying cheap goods, however it goes back to supply and demand, if their are other suppliers it places the entity on the demand side in a much safer place. Just my opinion, i am not an economics guy so i am probably wrong.
Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#14This became [Flagged][Dead] pretty quickly, although vouching for it seems to have fixed it again. How does that happen?
Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#15Meanwhile the US is seems to be played by everyone from the outside and tearing itself apart from the inside. It seems like we aren't only losing the fight for global hegemony but barely actively taking part.
Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#16Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#17> that its promoters say is poised to become the next Dubai I think its promoters have some funny ideas about what Dubai is and why people go there
Why _do_ people go there, and why don't you think Chinese developers can replicate that?
So combine that with it's oil wealth and a lot of dollars sloshing around to begin with - they have created a zone that attracts zillions of ill gotten dollars, a lot of it related to oil.
Since the mid 20th century there has been some transparency on resource extraction among nation states, like the US, UK tc. Then regional nationalist leaders have sought to take those over 'for the people'. But in reality those leaders are often more corrupt than their colonial overlords.
So they, shady bankers, and all sorts of actors need to do their banking somewhere.
When you hear about the Afghani Army General who is not paid very much is actually a millionaire, where do you think he keeps is money?
'Cleaned' dirty money makes it's way to London, Switzerland or Hong Kong, but while it's obviously attached to someone or there is no legal cover, it sits in places Dubai.
And FYI all of that money drives a lot of 'legit' expansion, particularly in real estate.
Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#18China appears to be ensuring that their economy continues to grow rapidly with the Belt and Road initiative. By some measures they have already passed the United States. https://www.bloomberg.com/opinion/articles/2017-10-18/who-ha... At some point soon, shouldn't the ability to grow the economy 6-10% a year become impossible?
I have a feeling if some production switches to India it might put a damper on Chinas plans. That would slow their growth a lot. I am not going to argue if the Trump tariffs on China are good or bad. But they might force some companies to explore alternative manufactuing facilities with countries friendlier to the US. Apple looking at india as a possible move and some other large companies i have seen articles that a…
Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#19It's rational economic impetus, and probably a 'good idea' for the Chinese.
Frankly, it may be good for many more than the Chinese.
a) Other nations will be connected
b) It can be 'two way' as well.
Just like the UK, and later the US controls the high seas for the benefit of every merchant, and developed important projects like the Panama Canal and ensures everyone, even economic competitors have access (Russian, Iranian warships through the Suez during peacetime, even though the US has de-facto control), China is to some extent doing the same.
The Belt-and-Road is 'what China needs' but it will also be beneficial to others so long as it does not get politically messy.
Re: Can China Turn the Middle of Nowhere into the Center of the World Economy?
#201. It's asking me a question. Don't ask me a question.
2. It doesn't add anything new or informative. Pretty much a rehash of everything that's been stated repeatedly for the past 8 years.
3. Boring standard propaganda. It's interesting how the BRI is covered by pro-china, anti-china and "neutral" ( if possible ) propaganda organizations.
4. Written like an annoying travel diary than an article.
5. Article by Ben Mauk who obviously has insights to khazakstan or china right? In a world that "is more connected than ever before", the nytimes couldn't find anyone other than some guy from europe to report on this? Does the nytimes hire an indonesian journalist to cover brexit?
6. Nothing gained from reading the article. Are we any closer to answering the question? Did we learn anything new? Other than Abaiuly is a handsome liaison to opinion makers and potential investors?
You'd find more insight and "truth" watching youtube vlogs/reports/etc from the locals/travels or even finding these people on gaming chats and talking to them directly.
It is correct that the silk road isn't an actual route but a bunch of routes that changed throughout history. Historically, it was more of an idea of a connection and trade between the civilizations of china, india and the middle east. But the idea that it wasn't controlled or administered by anyone is simply not true. Whatever empires that controlled the region ( most famously the mongol empire ) controlled and administered these routes.
We ( and the british before us ) have shown that naval power and naval trade routes define global economic and political strength. Rather than china's overland silk road ambitions, I'd be more focused on their naval trade route ambitions. Especially if global warming opens up the northwest passage or the arctic siberian passage.