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Special report: The Pearl river delta (II)

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楼主
发表于 4-12-2017 15:47:22 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式
About (I) which I posted last night. Just now I changed (c)(ii) -- from a single sentence about Germany's statistics -- to:

(ii) "As a global trading power the region [PRD] is outranked only by America and Germany.

Come to think about it, The Economist overlooks Japan. The differences of GDP among US, China, Japan and Germany (in that order) are too large, that even though Japan has devalued its currency, there is no way for Germany to catch up in the near future.

Japan's population is 1.5 times of Germany's. For Germany to surpass Japan, the former's per capita GDP (be it by exchange rate of PPP), must be 1.5 times of the latter's (or put another way, Japan's must be two thirds (2/3) of Germany's).
(A) Germany: population 80.7m (July 2016 estimate); GDP (official exchange rate): 3.5t (2015 est); GDP (purchasing power parity): $3.979t (2016 est)
(B) Japan: population: 126.7m ((July 2016 estimate); GDP (official exchange rate): $4.73t (2015 est.); GDP (purchasing power parity): $4.932 trillion (2016 est)

Data for both Germany and Japan are obtained today from online CIA World Factbook.


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沙发
 楼主| 发表于 4-12-2017 15:49:13 | 只看该作者
There is no need to read the rest of any of the following reports.

(1) Asia Makes, China Takes; The delta's factories are doing a U-turn.

Quote: "The pivot to domestic consumption may seem an obvious move for the delta's factories [due to expanding middle class in China]  * * * The PRD's shipping transport and logistics are designed for the speedy delivery of manufactured good from Shenzhen to Los Angles, not Shenzhen to Xi'an. Fortunately, that is changing fast.

(2) Come Closer; Heavy spending on infrastructure is helping to integrate the region.

Quote:

"Taken together, the seaports in neighbouring Shenzhen and Hong Kong handle more containers than does Shanghai, the world's busiest container port. Hong Kong has the world's busiest cargo airport (see chart) [note: The first sentence is about seaports whereas the second sentence, about airport].

"The most important investments in infrastructure today are going into transforming supply chains so that the delta’s erstwhile exporters can redirect their manufactures to the mainland. The Chinese term for logistics, translated literally, means 'the flow of things 物流.' Unfortunately, though exports from the PRD move extremely efficiently, the same is not true for the flow of goods inside China. The country spends over 14% of GDP on logistics, nearly twice as much as many advanced economies. Li Keqiang, China's prime minister, has complained that it can cost more to ship goods within the mainland than from China to America.
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板凳
 楼主| 发表于 4-12-2017 15:49:55 | 只看该作者
本帖最后由 choi 于 4-12-2017 15:51 编辑

(3) Robots in the Rustbelt; Factories are upgrading, but still lag behind the rich world.

Quote:

"WONG CHAP WING, a native of Hong Kong, runs a factory in Dongguan, an industrial city north of Shenzhen. Hip Fai, his privately held firm, stamps metal parts for things like printers and copiers. The energetic septuagenarian started dye- and mould-making in 1966

"Mr Wong looked into shifting to a cheaper location inland but decided that the savings were too small. * * * Looking at the antiquated equipment and the throngs of workers in his factory, it seems this greasy and noisy place, too, may face extinction.  Turn a corner [in Mr Wong's workshop (see company's website whose url is at footnote], though, and you spot the future: a hybrid assembly line where shiny Japanese robots are mingling with human workers. * * *

"Mr Wong spent 200,000 yuan on each robot but expects to get his money back within three years because his reconfigured assembly line is much more productive. Looking back, 'I could not imagine my factory full of robots,' he reflects. 'I came here for the cheap labour.'

Note: "東莞協揮精密五金廠,成立於2001年,是全附屬香港協揮實業有限公司。位於廣東省東莞市塘廈鎮,是一家綜合性五金模具及部件製造服務生產商。 公司創辦人黃集榮先生自1966年已在五金製造業服務至今,其中從1973~2001年期間,分別在大型公司任職,憑藉其在五金製造業超過40年的行業經驗,于2001年創立協揮實業有限公司。"
http://www.hipfai.com.hk/


(4) Macau Writ Large; A plan for the territory to attract many more tourists.
(Officials now want to diversify its [Macau's] business model [away from Casinos and gambling alone] to entertainment and family attractions, as Las Vegas has done")

(5) Welcome to Silicon Delta; Copycats are out, innovators are in.

Quote:

"The city [Shenzhen] imposes few limits on freedom of movement (though only a minority of its population has an official fukou, or household-registry certificates), is relaxed about employment contracts and does not discriminate against outsiders. ' People are the greatest source of our growth,' Mr Xu [Youjun, vice-president of the Shenzhen division of the Chinese People's Political Consultative Conference,] concluded.

"Between 1980 and 2016 Shenzhen's GDP in real terms grew an average annual rate of 22% and today stands at 2trn yuan. The city's Nanshan district, home to about 125 listed firms with a combined market value of nearly $400bn, has a higher income per person than Hong Kong. Unlike Beijing, which has many top-flight universities [this explains a lot, universities, like agriculture, do not contribute much to GDP, especially considering the humongous sizes of old universities in Beijing], Shenzhen has only a handful of lacklustre institutions of higher learning; but so many graduates from all over China flock to the city that they make up a greater share of its population than do graduates in Beijing.

(6) The Dragon Head's Dilemma; Hong Kong's best future is to remains China's superconnector.

(7) A China That Works; The delta shows what the country achieve by setting entrepreneurs free.

Quote: The PRD is more open to the world and to the private sector than any other place on the mainland. Zhejiang * * * has about 33,000 foreign-invested firms, and Shanghai about 75,000, but Guangdong has over 110,000 [but one has to consider the population sizes]. In Liaoning, an industrial province in the northeast, SOES account for about 31% of total industrial revenues, and in Shanghai for more than 36%, but in Guandong the share is less than 14%.
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