China on the rise!

[Ry_Tower]

those ghost cities aren't caused by economic slowdown

it's overbuilding

to sustain economic growth the Chinese govt keeps coming up with infrastructure projects

kahit di kailangan they keep building



the govt has to maintain growth rate otherwise there will be social unrest

they have to create jobs... keep people working

The next job of the guys that built this is....











will be to dismantle this so that workers are still working for working's sake.

[jon777]

bakit ganun SM will still expand and build malls in china? meron na atang 2 sm malls sa china...

SM has 3 operating malls in China right now with a 4th one to be finished in the next few months..... SM has excellent market research and feasibility studies prior to building malls kaya their malls are profitable....

Im Tsinoy but China's rise should be viewed with suspicion. I personally think that china's growth be contained since they have a communist government. Unless they change into a democratic government, i would never trust the chinese government

[pop3corn]

hindi na communist ang China. Socialist government na lang sya with 2 systems: one is running state capitalism tapos true capitalism sa administrative regions like HK and Macau.

they even want Taiwan not to make it socialist, basta isa pang independent administrative region who can freely do what Taiwan is doing before, even running Democracy if they want.

ganyan, ka walang prinsipyo or ideology ang China ngaun, basta kumikita, socialism capitalism okey lang. kaya nga type nila sakupin ang Pilipinas eh, coz kumikita ngaun. when they take over us, they will not change our government, basta sila ang nasa taas at kita, yun lang.

[CVT]

those ghost cities aren't caused by economic slowdown

it's overbuilding

to sustain economic growth the Chinese govt keeps coming up with infrastructure projects

kahit di kailangan they keep building



the govt has to maintain growth rate otherwise there will be social unrest

they have to create jobs... keep people working

Style rin ng Japan iyan....

Gawin din iyan dito sa Pinas, para masaya...

16.6K:sunny::sampay:

[Retz]

No doubt about that. Eh lahat na lang gawa sa china.

[basti08]

All car manufacturers are giving China a special treatment. Just this recently, China has overtaken US as BMW's number 1 market. So instead of focusing on US, BMW is making models that appeals mainly for Chinese customers now. Case in point is a 3 series long wheelbase version and so on. Even Aston Martin, Ferrari, Porsche will be seemingly more active in the Chinese market for the coming years. Grabe asenso ng China :D

[kinyo]

maganda ba pasweldo sa ofw sa china?

[confused shoes]

One good thing about skilled OFWs in China is that they are handling key positions.

A fresh graduate Chinese engineer in Shenzhen will ask as much as Php25K in peso equivalent. Those who have at least 3 years experience will ask as much as Php50K in peso equivalent and they can't even match the ability of an OFW with the same length of working experience. The OFW then should be receiving at least 3x of the Chinese counterpart. Just what I think.

Chinese labor cost is no longer cheap.

[pop3corn]

One good thing about skilled OFWs in China is that they are handling key positions.

A fresh graduate Chinese engineer in Shenzhen will ask as much as Php25K in peso equivalent. Those who have at least 3 years experience will ask as much as Php50K in peso equivalent and they can't even match the ability of an OFW with the same length of working experience. The OFW then should be receiving at least 3x of the Chinese counterpart. Just what I think.

Chinese labor cost is no longer cheap.

and that is where it will start to downfall. China is a very big country, yan sobrang bilis nila sa progress also means sobrang bilis ang inflation - goods, labor, services. eh kaya lang 2 billion kaya ang China, if inflation overtakes the population still in poverty, yan ang movies ko ngaun kaya mino-monitor ko yan eh.

and that is why I believe Philippines can beat China. unang-una we're all Roman Catholic. Religion + progress = recipe for true unity.

[isa1023]

and that is why I believe Philippines can beat China. unang-una we're all Roman Catholic. Religion + progress = recipe for true unity.

I think that very Spanish Roman Catholic religion is one big factor that pulls us down. Think anti-RH Bill, pro-poor agendas.

Instead of teaching progressive culture (like work your ass out and be accountable of your own life), they teach us fate and faith and being too dependent to heaven and heaven alone. Kaya si Juan Dela Cruz tanggap ng mahirap lang sila dahil yun ang will ng langit para sa kanila.

Plus the stupid media.

Look at how Singapore practices media censorship. What the international community hears is all good news. Like SG is a great, peaceful, progressive country so lets do business there.

[Monseratto]

and that is why I believe Philippines can beat China. unang-una we're all Roman Catholic. Religion + progress = recipe for true unity.

Don't waste your great imagination na papantay tayo sa isang superpower, OB. Maybe in another dimension, pwede pa.

Huwag mo ng panaginipan iyan, isipin mo na lang muna yung mga kapitbahay ka-league natin.

And to think Singapore, Malaysia, Indonesia and Thailand are already sprinting ahead of the Philippines decades ago in terms of economic growth and tourist arrivals...and they aren't even supreme Roman Catholic countries.

Tayo naman hiniintay pa rin yun biyaya na huhulog ng langit.

[Syuryuken]

Sana magtuloy-tuloy na ang magandang ekonomiya ng Pilipinas. Marami lang kasing reklamador dito pero sila naman ang hindi nagbabayad ng tax.

PH STRONGEST ECONOMY IN ASIA – DEUTSCHE ANALYST


Published on 15 August 2012

THE Philippines has become the strongest economy in Asia, outclassing so-called tiger economies like Malaysia and Singapore, according to renowned Deutsche Bank AG chief economist for Asia Michael Spencer.


In an interview with Bloomberg, Spencer cited the Philippines’ resiliency despite the global economic crisis that shook countries in Europe and the United States.

“The strongest-performing economy in the Asia today is the Philippines. What’s driving growth [in the Philippines] today are exports, surprisingly enough for them,” Spencer said.

He cited the country’s improved exports even in a weak global environment and its rebound from the sluggish 3.7 growth in 2011.

The Philippine economy grew by 6.4 percent in the first half of 2012, the fastest in the region excluding China. Spencer said that this serves as a strong proof that the economy can achieve stronger growth while keeping balance sheets healthy.

This made the Philippines the second fastest-growing Asian economy, topped only by China at 8.1 percent.

Based on the National Statistics Office (NSO) data, total exports reach $26.8 billion in the first half, up 7.68 percent from $24.8 billion in the same period in 2011.

The country’s export performance has been insulated from weak external demand, particularly from US and Europe, by increasing outbound shipments to Japan, Spencer said.

“I suspect that this has something to do with Japan outsourcing to the Philippines after the earthquake,” Spencer added.

Outbound shipments to Japan also grew by 11 percent to $4.77 billion in the first half from $4.29 billion a year ago.

Japan thus remained the Philippines’ top market during the period, accounting for 17.8 percent of total exports.

Last year, the Philippines exported $8.86 billion worth of products to Japan, or 18.5 percent of its total exports.

It was followed by the US, with a 14.8 percent share; China, 12.7 percent; Hong Kong, 7.71 percent; and Singapore, 8.92 percent.

Finance Secretary Cesar Purisima was elated by Spencer’s report and reiterated the Aquino administration’s firm commitment in meeting its 5 percent to 6 percent growth goal while making sure that the targeted deficit-to-GDP ratio of 2.6 percent will also be achieved.

In May, the Philippines got another boost in its credit-worthiness when Moody’s Investors Service revised its outlook on the country’s rating from “stable” to “positive,” indicating likelihood of a ratings upgrade within the short term.

Moody’s cited the Philippine government’s declining debt burden, improving revenue collection, and comfortable level of foreign-currency liquidity in its decision.

Moody’s said that favorable macro-economic indicators would help increase investments, which would accelerate the overall growth of the economy.

From over 80 percent of GDP in the early 2000s, the government’s debt now is equivalent to just about 55 of GDP.

Moreover, the country’s gross international reserves reached $76.5 billion as of end-March, which was equivalent to over 11 months’ worth of the country’s imports.

Also recently, renowned credit rating analyst Standard and Poor (S&P) upgraded the Philippines’ sovereign foreign currency rating from BB to BB+, commending the country’s increasing fiscal flexibility, improving debt profile of the government and moderating interest burden.

Another credit analyst, The Fitch Group, also gave the country a “stable” outlook, a notch below investment grade status.

[isa1023]

Yes.

Buddhist Singapore/Thailand, Muslim Malaysia and mixed-religion Indonesia. We're not even talking about the tiger economies and Japan (mostly Buddhist).

Now look at Catholic Philippines and East Timor.

Religion may be a part of economic development because it influences culture. And culture drives development.

Madami pang factors like education, history and international relations.

[confused shoes]

Don't waste your great imagination na papantay tayo sa isang superpower, OB. Maybe in another dimension, pwede pa.

Huwag mo ng panaginipan iyan, isipin mo na lang muna yung mga kapitbahay ka-league natin.

And to think Singapore, Malaysia, Indonesia and Thailand are already sprinting ahead of the Philippines decades ago in terms of economic growth and tourist arrivals...and they aren't even supreme Roman Catholic countries.

Tayo naman hiniintay pa rin yun biyaya na huhulog ng langit.

If all Filipinos think like you, there's no way the Philippines will rise.

[roninblade]

If all Filipinos think like you, there's no way the Philippines will rise.

i think you misunderstood the post. he's just arguing against OBs ridiculous post na because the country is predominantly Roman Catholic eh sure na uunlad tayo. that's just idiotic.

we need faith in the background (not totally out of the picture) with dedication, discipline, and hard work in the foreground.

[Monseratto]

If all Filipinos think like you, there's no way the Philippines will rise.

Don't you think they do? Hinihintay tumama ng Lotto... Hopefully di lahat.

[confused shoes]

Early Chinese don't even think that the earth is not flat not until the arrival of the Jesuits in the 17th century. They are now heading to the moon.

[roninblade]

Early Chinese don't even think that the earth is not flat not until the arrival of the Jesuits in the 17th century. They are now heading to the moon.

and the point of that is?

[confused shoes]

and the point of that is?

The thread.

[Ry_Tower]

:popcorn: Parang pelikula ah, may biglang twists and turns.

Religion alone does not make a country economically good or bad. As in all things in life, it's a combination of things. Nakita naman natin siguro kahit papano na kung talagang may political will na bawasan isang sakit na sobrang nagpapahirap sa Pinas (corruption), may magandang epekto diba?

Papano pa kaya kung yung ibang negative factors din ay magawan ng paraan na maibsan ang masamang dinudulot, eh baka magtuloy-tuloy nga pagbangon. Hindi man kasingyaman ng tsina pero hindi naman yung niyuyurakan ng kapitbahay na bansa sa SEA.