Looks like great China is getting ever greater, won’t be long now before it overtakes the US as the most attractive place to invest.
“the stock in China totalled $448bn, up from just $25bn in 1990. Combined with Hong Kong’s stock of FDI of $433bn, greater China takes the number two spot.”
Re: China booming
Chotay.. what are your views about living in China? I am curious, coz i am looking at an intern position in shanghai next May! (InshaALLAH) I am very excited about it..
Anyone here who has lived in china?
No sorry never been there I just think it's great.
60% of GDP in NPA’s. balle..balle.. :bhangra:
Got to hand it to Great China in the way it has handled its economy. FDI in China is expected to reach $57b in 2003.
Does anyone know how much higher that is than its ‘developed’ neighbours?
http://fpeng.peopledaily.com.cn/200309/08/eng20030908_123942.shtml
FDI in China Expected to Reach US$57b in 2003
Foreign direct investment (FDI) in China is expected to total about 57 billion US dollars in 2003, said a high ranking official Monday in Xiamen, in east China’s Fujian Province.
Foreign direct investment (FDI) in China is expected to total about 57 billion US dollars in 2003, said a high ranking official Monday in Xiamen, in east China’s Fujian Province.
In a prepared speech at the 7th China International Fair for Investment and Trade (CIFIT), Minister of Commerce Lu Fuyuan said that in the past 25 years, China has adhered to the policy of encouraging foreign investment and spared no efforts in improving investment environment.
In 2002, China used 52.7 billion US dollars of foreign direct investment, setting a record in China’s history and ranking the first place in the world.
In the January-July period this year, China approved the establishment of 22,245 new foreign-funded firms, with contractual FDI totaling 59.2 billion US dollars. Actual inflow of FDI totaled 33.4 billion US dollars during the period.
180-220 million migrant workers… balle balle :bhangra:
CH Are you even Punjabi or all of this balle balleing for effect?
Got to give China respect, with communism like theirs…perhaps Russia’s transition from USSR could have been smoother.
siht, i have done three deals with china in my life. I know china is growing. But the concept of attaching superlatives like "great" to china is a but much. Just trying to keep it real. Nomesayn Home boy!
^ You are right. With the FDI in China to reach $57b in 2003, ‘great’ should be in capitals - ‘GREAT China’ 
Folks... pls keep the discussion progressively constructive. Lets not bring WA-like thrashing here. Know what I mean? :)
What does $57 B mean 2B? A banking sctor that is eons behind the west. PSU’s that will need to be closed in wake of WTO entry…aah the good times are great indeed.
If China is Great, then the the US must be “supercalifra…” 
[QUOTE]
*Originally posted by Matsui: *
...aah the good times are great indeed...
[/QUOTE]
aah yes $57b in FDI is great, and GREAT China is indeed GREAT.
Does anyone know how much higher that is than its 'developed' neighbours?
Let’s dance $2b 
FDI flows are larger than India and S Korea and Japan. However FII’s are a lot lower sans Hongkong. Now the countries that I have mentioned as china’s neighbor’s. Which do you think has a trade surplus with china? 
Matsui, I know you are Indian but do remember that in 1997 Hong Kong became part of Great China so any FDI flowing there is all to Great China’s Greater benefit. Some of Great China’s big neighbours only have a piddly $4 billion in FDI (and collapsing fast), making China looking ever so Greater.
Now to what Chota mian said about the China booming, this is borne out by the following article of how Great China is outdoing the U S of A in so many fields.
http://www.tradealert.org/view_art.asp?Prod_ID=864
There is nothing reciprocal in a trade relationship where American producers could only sell $22 billion in exports in 2002, while Chinese producers sent to America $125 billion of imports, a 5-1 advantage for Beijing.
$2B, you mentioned china’s neighbors. Which of the chinese neighbors had a trade surplus with China. Care to guess? A 5-1 advantage will erode real fast if the Yuan, which is kept, artificially devalued, is allowed to appreciate. If China is so great why does it hold the reserves in $ denominations? Care to tell me that?
And do learn the difference between FDI and FII.
An economy which is totally export driven will be highly leveraged than the one that is growing more slowly but steadily through a greater balance.
You still haven’t told me what does the FX reserves mean when judging the health of the economy? 
I have no problem with China’s coming of age as a global player. But to assign superlatives like “great” are a clear indication of the low standards of the country from which you hail.
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*Originally posted by Matsui: *
...But to assign superlatives like "great" are a clear indication of the low standards of the country from which you hail...
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I know it's hard to take, but isn't great China just 'GREAT' :)
^ That’s right…you got nothing. Carry on with your bad self.
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*Originally posted by Matsui: *
^ That's right...you got nothing...
[/QUOTE]
Allah ka shukar hai, I’ve made my million :)
Next time you are in London let me know, I’ll even buy you lunch. Don’t worry, I’ll make sure no one calls you a ‘fookin Paki’ :)
Wow that's great..you made a million..now use that money and go to school to learn the difference between FDI and FII..shabbash.
^ I’ll tell you all about over lunch – I PROMISE. You’ll be surprised at what they teach you in Madarsahs these days, you pompous git :)