Monday, September 14, 2009

China: Economy ... of mobile phones

During the first half of 2009 rise of GDP for 13 provinces of the country exceeded 10% ...

(Information from the Chinese mobile phone)

Chinese mobile operators offer their conscious and socially indifferent fellow citizens and more new products, including preliminary (before the promulgation of an official way) rapid rates of economic development.

To understand the importance of this information, should take into account that the global economic crisis has made important adjustments to the economic development of Chinese regions. Data from gamers look even more eloquently, when you consider that early in his little effect (the second half of 2008), Chinese economists have conducted an operational analysis of the crisis and contributed to the executive branch forecasts for the next period.



So, on the basis of processing a large array of national, departmental and regional statistics, scientists of the Beijing Academy of Social Sciences Tihua Jing and Wei Shuhua concluded that excessive development of the export potential of East economic zone led to a slowdown in the economy of this region - the first time for the entire period of his study . For the first time in the past three decades (that is, for the entire period of the policy reforms) of the Central Province and even the least-developed western China ahead of the province of Eastern China.

The study concluded that the tendency to reduce the gap in the development of economic regions (this trend was not observed since the mid 1960's) and more balanced development, as well as lessons learned from the crisis on the economy of the state.

Lesson one is that the crisis has affected primarily export-oriented industries provinces east of the country (the production of household appliances, clothing, textiles, plastics, printing, shoe-making industry and others), who were struck by a reduction in demand for their products in the markets of the European Union and the United States. So at the beginning of the crisis produced a course for the reorientation to new, more promising markets (countries - partners of the BRICs, PSA, Australia and others). However, energy-and resource-intensive enterprises of the Central and Western economic zones are faced with falling prices for their products and increasing competition from foreign producers.

The essence of the second lesson lies in standardizing the practice of bankruptcy or closure of companies: using modern tools of crisis management they can revive and ensure further steady growth. Comparing the number of bankrupt enterprises in East China's pre-crisis period and during a crisis (according to the Chambers of Commerce East China province - respectively, 14889 and 19870) and a significant number of enterprises established during the crisis indicates that the region was able to resist collapse industry and ensure the restoration of the production function and the "re" registration failed subjects of entrepreneurial activity. As a rule, it is a readjustment of enterprises with further technical re-equipment, development of a new range of products, etc.

The third lesson concerns the urban labor force in the east of the country. It is concluded that in order to prevent possible social protest must be received in the return of migrant workers from central and western areas in their homes, focusing on retraining in place for new specialties, such as those associated with environmental, social, service and so on.

According to well-known Chinese economists, the Chinese regions have a considerable margin. One of its indicators - positive dynamics of the GDP of the country and its regions, against a background of crisis in the economies of developed countries is critically important. According to refined over the last year estimated that in 2007 GDP growth exceeded 13% (by 1,1% more than officially announced in early 2008 figure), and in 2008 - 7% (there are other assessments that do not coincide with the semi-official ). During the first half of 2009 GDP 13 (of 34) provinces grew by more than 10%, and 19 - more than 8% compared with that of 2008.

Another lesson of life systems of finance and foreign exchange regulation. It is alleged that the country's financial system has shown resistance to crises. After all, the total volume and weight in the banking books of so-called bad loans have tended to decrease. Thus, since the beginning of the volume of these loans fell by 700 billion
yuan. In addition, the capitalization of large state banks and banks - limited liability companies has been restored to the central bank set the criteria.

However, almost stopped the loss of commercial banks in connection with bankruptcy and insolvency of the customer, the number of lawsuits by banks to this category of defaulters has decreased by 30%.

Sustainability of economic and financial system of China, and adds that the foreign trade of China, despite a slight slowdown, achieved a trade surplus of 38.98 billion U.S. dollars.

Given the steady growth of foreign reserves (their growth last year amounted to 41.78 billion dollars, that is slightly less than that before last year - to $ 44.10 billion), it can be argued that the disposal of the Chinese government has all necessary to prevent the worsening crisis in any region.

Among the instruments of regional policy plays a significant role "plan to stimulate the economy the volume of 4 trillion.
yuan. According to him, some regions and cities in China in early 2009 received a subvention from the state budget. For example, Jiangsu province - 89.52 billion yuan for construction in rural areas, Sichuan, Guangdong, Liaoning and Shandong - to 100 billion yuan for the construction of infrastructure and other facilities in their respective administrative boundaries, etc.

However, to the regions of China tasked to restructure the industrial structure, in particular, to restore the lead and the automotive industry, to ensure the continued development of the domestic market, stimulate demand, to solve problems that have arisen due to falling prices for energy and raw materials. This emphasis on the need to introduce new technologies, enhance innovation processes on their own, not borrowed from outside the technical basis.

With the reduction in foreign investment center encourages regions to find local sources of investment, so that in 2009-2010, economic development is not slowed.

It is natural that, having received a mobile "message as" GDP growth, the citizens of the capital and the regions can more confidently look at the prospects of their large and small businesses. Unless, of course, they trust indicators without reference to the sources, appearing and disappearing on displays of their phones ...

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