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...Simply comparing the GDP of China with that of the U.S. does not give a complete picture of the two economies. The cost of living is much lower in China. Venkataraman V. Subramanian Trichy, India...
...chip-assembly and -packaging plants, one of which opened in 2005, while the second will start production this year. These facilities ship from Chengdu's airport to customers around the globe. Overall, foreign direct investment in Chengdu totaled $1.9 billion from 2001 to 2005. The results have been spectacular. GDP growth in Chengdu averaged 13.3% between 2001 and 2005, outpacing Shanghai's 11.9%. In 2005, per capita GDP reached $2,700, still only a third of Shanghai's but 70% greater than in 2000. Wages have surged more than 90%, to more than $2,400 a year on average during...
...Simply comparing the GDP of china with that of the U.S. does not give a complete picture of the two economies. The cost of living is much lower in China. Venkataraman V. Subramanian Trichy, India...
Plenty of stock analysts and fund managers disagree, arguing that prices are simply keeping pace with China's remarkable economic rise and that accounting reform and better supervision have made Chinese companies more attractive. The country's GDP grew 10.7% last year, the highest rate since 1995. But the alarm is being sounded by Beijing officials, who are worried there could be another Chinese market meltdown like the one in 2001 that soured the public on stocks for years. On Dec. 30, Cheng Siwei, a vice chairman of the National People's Congress, cautioned investors against "blind optimism...
...inequality that has beset such rapidly growing neighbors as China. But the policy was sustainable only as long as Tokyo had budget surpluses to burn. Today, Japan may be the world's second-richest nation, but its public debt that is more than 1.5 times the size of its GDP, the highest in the developed world. So, a budget-conscious central government has cut subsidies, and Yubari will have to pay back $293 million over the next 18 years...