Tibet 5100 Water Resources Holdings(1115.HK) recently raised HK$1.38 billion ($177 million) from its initial public offering and will become the first Tibetan company to list in Hong Kong. Tibet 5100 sells most of the water it produces to corporate clients like railway operators, airlines, banks and hotels as well as government organisations through long-term contracts. …
China’s economy experienced tremendous growth in the past few decades primarily due to government spending and not due to private consumption. Much of the state spending was directed towards infrastructure such as roads, railroads, dams, electricity grids, etc. and other large scale projects. An example of such project is the world’s longest sea bridge opened …
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The Chinese are the largest consumers of not just the basic commodities like crude oil, soyabeans, iron ore, aluminum, etc. but diamonds as well. According to Bloomberg BusinessWeek, diamond sales in China jumped 25% in 2009 making it the second largest market after the U.S.
Consumer spending accounts for over 70% of the U.S. economy.China on the other hand is not a consumer-driven economy. Despite the tremendous growth in recent years, consumer spending is relatively less in China. Much of the growth reported by China comes from investment spending rather than consumption spending. Source: The Wall Street Journal The chart …
Continue reading ‘Consumption, Investment Contribution to China’s GDP Growth’ »
China has become the driver of global economic growth for many years now. As a communist country following a “Market Socialism” philosophy China continues to grow despite slowdown in developed economies and other emerging markets. The following is brief overview of few of the statistics on China’s incredible growth. From a recent OECD report: Ten …
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