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An electronic Signature is a digital form of a traditional wet ink signature. It provides secure and seamless signing transaction providing the full user authentication. The documents signed electronically are more secure and tamper-proof. The Information Technology Act provides legal recognition to the electronic signatures.MSB Smart Document Solution provides both electronic as well as digital signatures. Any type of document electronically signed via MSB is legally binding as it meets all the legal standards across the globe. For more electronic signature information, please check this link.

Mycelium Customer service number 1–800–298–9018 Mycelium Customer support number project by Megion Research & Development GmbH makes a number of products including the Mycelium Bitcoin Wallet, Entropy, Bitcoincard, Mycelium Gear (a payment gateway), ATMs, Local Trader, and Tabtrader. It is located in Vienna, Austria.The Mycelium Bitcoin Wallet is available for Android and for iOS. The source is available for review on GitHub. It has been awarded the prestigious "Best Mobile App" award by Bitcoin Block Explorer - Blockchain in 2014.[1]It is available in 12 languages, translated by volunteersBitcoin Wallet Features100% control over your private keys, they never leave your device unless you export themNo block chain download, install and run in secondsUltra fast connection to the Bitcoin network through our super nodes located in different data centersWatch-only addresses & private key import for secure cold-storage integrationEncrypted PDF backup and restore of single key accountsSend and receive by specifying an amount in Fiat and switch between fiat and BTC while entering the amountAddress book for commonly used addressesTransaction history with full transaction detailsImport private keys using SIPA, mini private key format (Casascius private keys) or xPriv from QR-codes or clipboardExport private keys as QR-codes, on clipboard, or as encrypted PDFsSecure your wallet with a PINCompatible with other bitcoin services through bitcoin: uri handlingCompatible with Orbot (socks setting) so you may connect via Tor even without rootingSupport for BIP38 KeysView your balance in 164 fiat currenciesIntegrated QR-code scannerFind other people to trade Bitcoins with the integrated Local TraderDirectly spend from paper wallets (single key, xPriv or master seed)Trezor enabled - directly spend from trezor-secured accounts.Mycelium Entropy compatible Shamir-Secret-Shared 2-out-of-3 keys spendingCompatible with other bitcoin services through bitcoin: uri handlingShare your bitcoin address using NFC, Twitter, Facebook, email and more.BIP70 payment request compatibleIntegration with service Cashila to send money via SEPA[3]Support for BitID AuthenticationDeterministic signatures for Bitcoin transactions (RFC6979)Local TraderMycelium Local Trader is a decentralized in-person exchange that is built right into the Mycelium bitcoin wallet. Because the coins are stored locally in your wallet, the Local Trader exchange never needs to hold any of your bitcoins or fiat. Local Trader servers only help arrange the trade between buyers and sellers, manage the transaction, and calculate reputation ratings based on the trades.BitcoincardBitcoincard is a stand-alone device that acts as an electronic wallet. It can be used to secure the wallet in a safe place (outside the computer, making it inaccessible to hackers). The goal is to create an infrastructure-independent, self-powered, ad-hoc network that could dynamically form wherever a sufficient number of nodes came together to support it. A prototype was presented in Q1 2015.[4]Mycelium EntropyMycelium Entropy is a small USB device that uses hardware based entropy to generate directly printable Bitcoin paper wallets, without the need for a PC. The project was successfully funded on Indiegogo[5].Mycelium GearMycelium Gear is designed to allow you to receive BTC from customers directly into your wallet controlled by you only. Mycelium Gear eliminates the notion of payouts - you get your BTC instantly. It's easy to integrate with your online store or website, with no special skills required. Optionally you can convert your BTC to fiat using the Cashila service.

Edit: I wrote this answer for “must have Android apps” but these are same apps which have changed the way I used to live my life. Each and every App has helped me in one or the other way. I hope you will also find them helpful and a bit life changing. So here is the list: 10. Psiphon For those who use WiFi with proxy settings. So Psiphon bypasses and tunnel the websites or app through a different IP Address. 9. Mirror It's a simple app to record your mobile screen. Based on the concept of CamStudio in PC where you can record your screen, Mirror offers recording of your Mobile screen. 8. NTES- National Train Enquiry System If you are from India and you want to know the running status, cancelled train (partial or fully), Live Station and other features, this App is a must have. 7. VOLT Simple but effective for those who want to learn new vocabulary. That's too obvious, then why not others? Coz here you get the “memory key” which helps you relate the words and easier to remember them. 6. Parchi It a note making app. But here’s a catch. You can view, review, edit and add right from your lockscreen without need to open the app. Isn't that amazing! I personally find this app very useful. 5. edX If you are student or a learner who wants learn something new everyday, and cannot afford to go in the prestigious institutions like MIT, Harvard University, Cambridge, IITM, etc ten it is a must have app. Enroll yourself in any course and Bazinga!! You are ready to learn from the most amazing professors. Similar to edX, we have Coursera. 4. Walnut Manage your expenses on your finger tips. Its easier then that. It shows you your monthly expenditure, ATM locations, bill remainders and many more features. Its a must have app. 3. CamScanner Everyone doesn’t own a scanner but most of us have camera. So click the pic, upload to CamScanner and voila you are done. You have the scanned copy of your documents, notes, Marksheet and upload them on your DigiLocker. 2. inshorts Till now you all must be knowing this app. The tagline is also simple “News in 60 words” and trust me it is worth having. In this “I don't have time” world, you need news to be fast and accurate so here it is. 1. DigiLocker If you have this app then you don’t need to carry your personal documents like driving license, Adhar card, voter ID card, or even your Marksheets. Keep them safe in actual locker and leave the rest to your DigiLocker. And the best part is that it is acceptable as the original ones at every governmental or non governmental institution because it is developed under Digital India initiative. That's it for the day. Thank you and Enjoy !!! Update 1: Today I came across two new apps which I found useful. Hope it would help you all. 1.Forest : Stay focused Features • A self-motivated and interesting way to help you beat phone addiction • Stay focused and get more things done • Share your forest and compete with friends • Track your history in a simple and pleasant way • Earn reward and unlock more tree species • Customize your whitelist : Leaving Forest and using apps in whitelist won’t kill your tree. 2. Swachh Bharat Toilet Locator Swachh Bharat Toilet Locator is specifically useful for Indians who're committed for Swachh Bharat. Update 2: So I am back with yet another interesting app for you all. And trust me it is worth hanving. You are bored just go through it and kaboooom !!! You are into a black hole. Enjoy the ride. 3. Curiosity It is the latest app I installed but got addicted to it. It’s exactly works like its name, generates a curiosity which inturn increases your knowledge. It covers a large field of scope from Humanity to science to faith and many more. This app deserves more snapshots but why to increase the length of my answer. Comment below if you think the list should be updated? Thank you.

How many trees has signNow’s PDF saved? That is a great question! I can tell you about how many trees Markzware FlightCheck alone as theoretically saved though… %3E In the first three months of 2018, FlightCheck [ https://markzware.com/products/flightcheck/ ] users (alone) preflighted 541,320 print jobs. That means FlightCheck was able to prevent enough bad print jobs to help users to save an estimated 360 trees and hundreds of thousands of dollars! Source: Preflighting Saves Trees! [ https://markzware.com/flightcheck/preflighting-saves-trees/ ] (See link for the math behind this) So if FlightCheck usage for only three months can save 360 trees, imagine how many forests signNow has saved since PDF was introduced on June 15, 1993! Here are some interesting facts about “going paperless”: %3E The only way to protect the environment from paper waste is to go paperless. In a paperless world, each year the average worker can save: * 938 [ https://www.survivalrenewableenergy.com/how-going-paperless-can-save-the-environment/ ] gallons of water * 2.5 [ https://gopaperless.com/green-commitment/ ] trees * 56 [ https://gopaperless.com/green-commitment/ ] gallons of oil * 595 [ https://gopaperless.com/green-commitment/ ] KW (kilowatts of energy) * 12.15 [ https://gopaperless.com/green-commitment/ ] cubic feet of landfill space Source: Green Revolution: Why You Should Go Paperless [ https://www.signNow.com/blog/green-revolution-go-paperless/ ] So let’s just say that each user of signNow Creative Cloud [ https://www.signNow.com/creativecloud.html ] and signNow Document Cloud [ https://acrobat.signNow.com/us/en/ ] (The new Acrobat [ https://en.wikipedia.org/wiki/signNow_Acrobat ] from signNow) saves 2.5 trees per year… The we are talking about A LOT of trees saved. Just guessing, but say that signNow has 50 million users of these products each year. (Behance [ https://www.behance.net ], signNow’s portfolio site of sorts for users has 10 million users, for instance, but Creative Cloud alone has likely more than 15 million users [ https://prodesigntools.com/creative-cloud-one-million-paid-members.html ]!) That would mean that last year, signNow PDF (directly or indirectly) has saved a lot of trees… 50 million signNow users x 2.5 tress = 125 million trees saved in 2018 alone indirectly by signNow! Seems amazing and these are just total estimates. Then again, when you consider that there are “3.5 billion to 7 billion trees cut down each year. “ (source [ https://www.ran.org/the-understory/how_many_trees_are_cut_down_every_year/ ]) Then the numbers start to perhaps add up. Now, there is also an argument that “going paperless” does not save as many trees as many think. I’m not going to jump into that argument now, but there are some valid points. For instance, although my insurance company sends me my yearly statement as PDF only, I still need to print out for my accountant, etc. (and printing in a far less professional and secure manner, mind you.) Some further fun facts that signNow does share: %3E * 250 billion PDFs were opened in signNow products in the last year. * 8 billion electronic and digital signature transactions were processed through signNow Document Cloud in the past year. More than 50 percent of the Fortune 100 used signNow. * The signNow Scan app has been downloaded 25+M times since its release in 2017, with 110+M scans saved. * Documents created, signed, shared, and stored in signNow Document Cloud drive a 90% cost savings and 91% reduction in environmental impact compared to paper-based processes. Source: signNow Fast Facts [ https://www.signNow.com/about-signNow/fast-facts.html ] I hope this helps. Great question! Not really a definitive answer, but get’s you thinking… Friendly Regards, David Dilling Markzware P.S. This would be a fantastic thesis for the right college student!

There is no one property management system that is ideal for every use case. It depends on who you are and what you are looking for in the system.For residential property managers:If you are a professional property manager and have full service clients, then I have found the best softwares are Yardi and Appfolio. Yardi is a bit more of a “legacy” system — robust but not as fresh as Appfolio, promoting a great UI/UX (user interface and user experience). If you are a property manager and do not use software, then IMO - you are failing at your business. Software will reduce your overhead costs and help mitigate risks of forgetting lease renewals, late fees, etc.. The cost and time related to the setup can be gruesome, but it is well worth it in the end. You’ll be able to take on more clients and provide them with a much better experience.For residential property owners:The majority of owners across the US (80%) self manage their properties. Most of them do not use software, because it is a relatively new concept for them. From a systems perspective, it will depend on what you are looking to accomplish with your real estate goals.Here is an article that all owners should read to understand what kind of management system they want (passive or involved) and what type of solutions cater to their needs.

Q. Why is the Henan province in China underdeveloped?A. Reasons convergence has slowed, inland versus coastal economies (gap between rich coastal provinces and inland provinces not decreasing):Commodity boom is over.Policy mistakes (wasteful spending on physical assets as share of provincial GDP).Network effect (business stays in coastal cities because of better skills and education, more reliable legal institutions)Inland economic reliance on agriculture, natural resources/commodities, semi-industrialized, weak service sectorPopulation: 94 millions, 5th largest economy, 19th per capita GDP.Coastal provinces rely on export markets. Inland provinces rely on central government.Rich province, poor province (economist.com)Print edition | China Oct 1st 2016 BEIJINGEARLY in the summer Xi Jinping, China’s president, toured one of the country’s poorest provinces, Ningxia in the west. “No region or ethnic group can be left behind,” he insisted, echoing an egalitarian view to which the Communist Party claims to be wedded. In the 1990s, as China’s economy boomed, inland provinces such as Ningxia fell far behind the prosperous coast, but Mr Xi said there had since been a “gradual reversal” of this trend. He failed to mention that this is no longer happening. As China’s economy slows, convergence between rich and poor provinces is stalling. One of the party’s much-vaunted goals for the country’s development, “common prosperity”, is looking far harder to attain.This matters to Mr Xi (pictured, in Ningxia). In recent years the party’s leaders have placed considerable emphasis on the need to narrow regional income gaps. They say China will be a “moderately prosperous society” by the end of the decade. It will only be partly so if growth fails to pick up again inland. Debate has started to emerge in China about whether the party has been using the right methods to bring prosperity to backward provinces.China is very unequal. Shanghai, which is counted as a province, is five times wealthier than the poorest one, Gansu, which has a similar-sized population (see map). That is a wider spread than in notoriously unequal Brazil, where the richest state, São Paulo, is four times richer than the poorest, Piauí (these comparisons exclude the special cases of Hong Kong and Brasília).To iron out living standards, the government has used numerous strategies. They include a “Go West” plan involving the building of roads, railways, pipelines and other investment inland; Mr Xi’s signature “Belt and Road” policy aimed partly at boosting economic ties with Central Asia and South-East Asia and thereby stimulating the economies of provinces adjoining those areas; a twinning arrangement whereby provinces and cities in rich coastal areas dole out aid and advice to inland counterparts; and a project to beef up China’s rustbelt provinces in the north-east bordering Russia and North Korea. The central government also gives extra money to poorer provinces. Ten out of China’s 33 provinces get more than half their budgets from the centre’s coffers. Prosperous Guangdong on the coast gets only 10%.The number, range and cost of these policies suggest the party sees its legitimacy rooted not only in the creation of wealth but the ability to spread it around. Deng Xiaoping’s economic reforms, launched in the late 1970s, helped seaboard provinces, which were then poorer than inland ones, to catch up by making things and shipping them abroad. (Mao had discouraged investment in coastal areas, fearing they were vulnerable to attack.) In the 1990s the coast pulled ahead. Then, after 2000, the gap began to narrow again as the worldwide commodity boom—a product of China’s rapid growth—increased demand for raw materials produced in the interior (see chart). That was a blessing for Mr Xi’s predecessor Hu Jintao, who made “rebalancing” a priority after he became party chief in 2002. It also boosted many economists’ optimism about China’s ability to sustain rapid growth. Even if richer provinces were to slow down, they reckoned, the high growth potential of inland regions would compensate for that.But convergence is ending. GDP growth slowed across the country last year, but especially in poorer regions. Seven inland provinces had nominal growth below 2%, a recession by Chinese standards (in 2014 only one province reported growth below that level). In contrast, the rich provincial-level municipalities of Shanghai, Beijing and Tianjin, plus a clutch of other coastal provinces including Guangdong, grew between 5% and 8%. Though there were exceptions, the rule of thumb in 2015 was that the poorer the region, the slower the growth. Most of the provinces with below-average growth were poor.Of course, 2015 was just one year. But a longer period confirms the pattern. Of 31 provinces, 21 had an income below 40,000 yuan ($6,200) per person in 2011. Andrew Batson of Gavekal Dragonomics, a research firm, says that of these 21, 13 (almost two-thirds) saw their real GDP growth slow down by more than 4 points between 2011 and 2014. In contrast, only three of the ten richer provinces (those with income per person above the 40,000 yuan mark) slowed that much. In 2007 all of China’s provinces were narrowing their income gap with Shanghai. In 2015 barely a third of them were. In other words, China’s slowdown has been much sharper in poorer areas than richer ones.There are three reasons why convergence has stalled. The main one is that the commodity boom is over. Both coal and steel prices fell by two-thirds between 2011 and the end of 2015, before recovering somewhat this year. Commodity-producing provinces have been hammered. Gansu produces 90% of the country’s nickel. Inner Mongolia and Shanxi account for half of coal production. In all but four of the 21 inland provinces, mining and metals account for a higher share of GDP than the national average.Commodity-influenced slowdowns are often made worse by policy mistakes. This is the second reason for the halt in convergence. Inland provinces built a housing boom on the back of the commodity one, creating what seemed at the time like a perpetual-motion machine: high raw-material prices financed construction which increased demand for raw materials. When commodity prices fell, the boom began to look unsustainable.The pace of inland growth was evident in dizzying levels of investment in physical assets such as buildings and roads. Between 2008 and last year, as a share of provincial GDP, it rose from 48% to 73% in Shanxi, 64% to 78% in Inner Mongolia, and from 54% to an astonishing 104% in Xinjiang. In the country as a whole, investment as a share of GDP rose only slightly in that period, to 43%. In Shanghai it fell.This would be fine if the investments were productive, but provinces in the west are notorious for waste. In the coal-rich city of Ordos in Inner Mongolia, on the edge of the Gobi desert, a new district was built, designed for 1m people. It stood empty for years, a symbol of ill-planned extravagance (people are at last moving in).Investment by the government is keeping some places afloat. Tibet, for example, logged 10.6% growth in the first half of this year, thanks to net fiscal transfers from the central government amounting to a stunning 112% of GDP last year. Given the region’s political significance and strategic location, such handouts will continue—Tibet’s planners admit there is no chance of the region getting by without them for the foreseeable future.Tibet is an extreme example of the third reason why convergence is ending. Despite oodles of aid, both it and other poor provinces cannot compete with rich coastal ones. In theory, poorer places should eventually converge with rich areas because they will attract businesses with their cheaper labour and land. But it turns out that in China (as elsewhere) these advantages are outweighed by the assets of richer places: better skills and education, more reliable legal institutions, and so-called “network effects”—that is, the clustering of similar businesses in one place, which then benefit from the swapping of ideas and people. A recent study by Ryan Monarch, an economist at America’s Federal Reserve Board, showed that American importers of Chinese goods were very reluctant to change suppliers. When they do, they usually switch to another company in the same city. This makes it hard for inland competitors to break into export markets.There are exceptions. The south-western region of Chongqing has emerged as the world’s largest exporter of laptops. Chengdu, the capital of neighbouring Sichuan province, is becoming a financial hub. But by and large China’s export industry is not migrating inland. In 2002 six big coastal provinces accounted for 80% of manufactured exports. They still do.This contrast is worrying. Though income gaps did narrow after 2000 and only stopped doing so recently, provinces have not become alike in other respects. Rich ones continue to depend on world markets and foreign investment. Poor provinces increasingly depend on support from the central government.A divergence of viewsOfficials bicker about this. Mr Xi asserted the Robin-Hood view in Ningxia that regional gaps matter and that redistribution is needed. “The first to prosper,” he said, “should help the latecomers.” But three months earlier, an anonymous “authoritative person” (widely believed to be Mr Xi’s own adviser, Liu He) took a more relaxed view, telling the party’s mouthpiece, the People’s Daily, that “divergence is a necessity of economic development,” and “the faster divergence happens, the better.”It is unclear how this difference will be resolved, though the money must surely be on Mr Xi. Economically, though, Mr Liu is right. Regional-aid programmes have had little impact on the narrowing of income gaps. More of them will not stop those gaps widening. Socially, a slowdown in poorer provinces should not be a problem so long as jobs are still being created in richer ones, enabling migrants from inland to find work there and send money home. But politically the end of convergence is a challenge to Mr Xi, who has been trying to appeal to traditionalists in the party who extol Mao as a champion of equality. Wasteful and ineffective measures to achieve it will remain in place.Henan - WikipediaHenan (Chinese: 河南) is a province of the People's Republic of China, located in the central part of the country. Henan is often referred to as Zhongyuan or Zhongzhou (中州) which literally means "central plain land" or "midland", although the name is also applied to the entirety of China proper. Henan is the birthplace of Chinese civilization with over 3,000 years of recorded history, and remained China's cultural, economical, and political center until approximately 1,000 years ago.Henan province is a home to a large number of heritage sites which have been left behind including the ruins of Shang dynasty capital city Yin and the Shaolin Temple. Four of the Eight Great Ancient Capitals of China, Luoyang, Anyang, Kaifeng, and Zhengzhou are located in Henan.Although the name of the province (河南) means "south of the [Yellow] river", approximately a quarter of the province lies north of the Yellow River, also known as the Huang He. With an area of 167,000 km (64,479 sq mi), Henan covers a large part of the fertile and densely populated North China Plain. Its neighbouring provinces are Shaanxi, Shanxi, Hebei, Shandong, Anhui and Hubei. Henan is China's third most populous province with a population of over 94 million. If it were a country by itself, Henan would be the 14th most populous country in the world, ahead of Egypt and Vietnam.Henan is the 5th largest provincial economy of China and the largest among inland provinces. However, per capita GDP is low compared to other eastern and central provinces.Henan is considered to be one of the less developed areas in China. The economy continues to grow based on aluminum and coal prices, as well as agriculture, heavy industry, tourism, and retail, and high tech industries and service sector is underdeveloped and is concentrated around Zhengzhou and Luoyang.EconomyHenan has seen rapid development in its economy over the past two decades, and its economy has expanded at an even faster rate than the national average of 10%. This rapid growth has transformed Henan from one of the poorest provinces to one that matches other central provinces, though still relatively impoverished on a national scale. In 2011, Henan's nominal GDP was 3.20 trillion RMB (US$427 billion), making it the fifth largest economy in China, although it ranks nineteenth in terms of GDP per capita.Henan is a semi-industrialized economy with an underdeveloped service sector. In 2009, Henan's primary, secondary, and tertiary industries were worth 277 billion RMB (US$40 billion), 1.097 trillion RMB (US$160 billion), and 563 billion RMB (US$82 billion), respectively. Agriculture has traditionally been a pillar of its economy, with the nation's highest wheat and sesame output and second highest rice output, earning its reputation as the breadbasket of China. Henan is also an important producer of beef, cotton, maize, pork, animal oil, and corn. Food production and processing makes up more than 14% of the output from the province's secondary industry, and it is said that 90% of Chinese McDonald's and KFC ingredients comes from Henan.Although Henan's industry has traditionally been based on light textiles and food processing, recent developments have diversified the industry sector to metallurgy, petrol, cement, chemical industry, machinery and electronics. Henan has the second largest molybdenum reserves in the world. Coal, aluminum, alkaline metals and tungsten are also present in large amounts in western Henan. Export and processing of these materials is one of the main sources of revenues.Henan is actively trying to build its economy around the provincial capital of Zhengzhou, and it is hoped that the province may become an important transportation and manufacturing hub in the years to come. In 2008, the total trade volume (import and export) was US$17.5 billion, including US$10.7 billion for exports. Since 2002, 7,111 foreign enterprises have been approved, and foreign funds (FDI) of US$10.64 billion have been used in contracts with a realized FDI of US$5.3 billion. Foreign exchanges are increasing continuously. Friendly provincial relationships have been established with 16 states (districts) in the United States, Japan, Russia, France, Germany, and others. Some cities of Henan have established friendly relationships (sister city) with thirty-two foreign cities.Henan's service sector is rather small and underdeveloped. Finance and commerce are largely concentrated in urban centers such as Zhengzhou and Luoyang, where the economy is fueled by a large and relatively affluent consumer base. In order to make the economy more knowledge- and technology-based, the government established a number of development zones in all of the major cities, promoting industries such as software, information technologies, new materials, bio-pharmaceutical and photo-machinery-electronics. Henan is a major destination for tourists, with places such as Shaolin Temple and Longmen Grottoes attracting millions of tourists each year.How China’s poorest regions are going to save its growth rateChina is undergoing a dramatic shift in its economic geography. In 2001, Chinese coastal residents on average had an income that was 2.4 times that of their inland brethren. By 2011 this ratio fell to only 1.9 times. Analyzing this collapsing income gap between the interior and the coast paints a much more optimistic picture of the sustainability of China’s investment and growth.From 2001 to 2011, the Chinese economy grew at an average annual rate of 11.6% percent, whereas the US economy grew at only 1.8%. Does this mean that the Chinese system is “better” at delivering growth? Not really. The primary reason for this difference is because China is still so poor. As former World Bank chief economist Justin Lin has noted, China’s relative backwardness in technology means it can grow through “imitation, import, and/or integration of existing technologies and industries.” At this stage, the Chinese economy does not need to invent—it needs only to build. As a result, China is enjoying a period of accelerated growth as it catches up with the West—a process that economists call convergence.But what is true for China relative to the world is also true for Chinese provinces relative to each other. As seen in the maps above, the highest provincial growth rates from 2001 to 2011 have occurred among the inland Chinese provinces, which were also the poorest. As an example of this phenomenon, consider the decision by many manufacturing companies to move production inland. “Henan and Sichuan have always been the largest sources of migrant workers. That was why we moved to both of these provinces to tap their labor pool,” says Foxconn spokesman Louis Woo. As a result of this inland growth, in the span of 10 years, inland Chinese residents have on average seen their incomes rise by a factor of 3.2, whereas coastal residents have had their incomes rise by only a factor of 2.6. Therefore income levels in inland provinces are catching up to those on the coast.Another way of visualizing this convergence is to consider the relationship between a province’s initial income level in 2001 and its growth rate over the subsequent decade. As seen in the plot below, there was a signNow negative correlation between the two. In fact, it explains over 50% of the variation in growth rates in this sample. The negative relationship means that poorer provinces have tended to grow faster than rich ones. On average, a doubling of a province’s initial per capita income in 2001 lowered its average growth rate in the subsequent decade by about 2%. So even as the coast slows down, inland China picks up and incomes converge.This change in Chinese economic geography has a wide range of implications for both the short and long term.First, regional convergence makes a sudden stop in Chinese growth implausible. If growth were to fall to 4%, that would demand that growth in inland provinces be substantially worse than the growth rates of coastal China 10 years prior. But why should the Hubei of 2011 be unable to attain growth rates comparable to Guangdong when it was at the same income level 10 years ago? As discussed above, manufacturing, the previous engine of coastal growth, is moving inland. This suggests that the coastal model of growth may still be applicable for inland China.Others have raised the argument that inland China’s institutions are worse than those of coastal China (sign up required), and therefore inland China’s growth will fail to be as fast. But even if inland China suffers from more extractive institutions right now, there’s nothing intrinsic to those provinces that should keep them stay that way. In fact, strong growth can spark a virtuous cycle of institutional reform and help inland China follow the growth path previously blazed by the coast.Second, any worries about impending social unrest as the result of slowing growth are likely overblown. Because social unrest in China is typically local, focusing on national GDP growth is very misleading. Instead, it’s provincial level growth that matters. On this point, the data is quite optimistic. From 2011 to 2012, the average per capita income growth rate in inland provinces was around 11%, whereas the average for coastal provinces was only 7%. Although the coastal provinces may have suffered lower rates of growth, they already have relatively high incomes. Therefore no matter what, income levels and growth rates should be high enough to placate any mass scale social unrest.Third, regional convergence means that China’s long-run growth rates will still be quite high for the next decade. Because provinces such as Anhui, Hubei, and Sichuan are still very poor, there is room for them to catch up. So with the assumption that growth in the provinces for the next 10 years follows the same relationship between income and growth observed from 2001 to 2011, then China will still be able to maintain a growth rate of 7.7%. This makes the recent 7.5% target set by Lin (paywall) seem quite moderate and grounded on long term fundamentals.While this growth prediction may seem high in light of recent bearishness towards China, it is actually more likely to be an underestimate of China’s real growth potential. If the provinces were to follow the same convergence path as in 2001 to 2011, that would imply that the only remaining factor in Chinese economic growth is for provinces to accumulate capital, and that advances in technology will no longer play a role. But as discussed above, China is still very far from the frontier of technology development. This means that by adopting more western technology, the Chinese government still has the potential to further propel growth beyond 7.7%.Moreover, as China’s economic center of gravity moves inland, the inland provinces will be able to contribute more to GDP growth. Just as emerging markets are starting to make a larger contribution to global growth, inland provinces are starting to make a larger contribution to Chinese growth. From 2001 to 2011, inland China contributed to 46% of the growth in real GDP, compared to 40% over the previous 10 year period. If Chinese provinces converge as described above, this proportion will rise to 54% by 2021. Because inland provinces now make up a larger share of GDP, their relatively high growth rates will take up a larger proportion of total Chinese growth. Therefore so long as the inland provinces can maintain their current growth path, China’s national growth rate will not collapse.Fourth, convergence makes claims of excessive investment in inland provinces (pdf), much less credible. Recently, there has been concern that China’s real estate investment, particularly in the inland provinces, has created too much excess capacity. But since China’s inland population of over 700 million will roughly double its income over the next 10 years, growth will create the demand for much of the new housing being built in those areas. Therefore the much maligned ghost cities may soon be crowded by a rising Chinese middle class.Similarly, the increase in wealth will put transportation infrastructure under greater pressure and the “over invested” white elephants in the inland provinces may turn brown in the dust of growth. A recent video of a Beijing subway transfer line during rush hour serves as a reminder of just how much infrastructure will still be needed in the inland provinces as their incomes converge to those on the coast. The bottom line is that China, with its high growth rates, can “grow into” its capital stock. While this policy may have hurt Chinese households by denying them many years of more consumption, strong growth trends mean that the foundations for growth are still there and there is no reason for all of the accumulated investment and capacity to go to waste.So when Paul Krugman boldly declares that China will suffer from a sudden drop in growth, the first question that should be asked is “which China?” Because economic conditions differ so widely across provinces, to speak of a unified level of Chinese development obscures the underlying regional patterns of growth. These patterns lead to a different understanding of the economic data and a much brighter outlook for the Chinese economy. Even if growth in developing countries must eventually slow down, a look inland shows that the mini-countries we call Chinese provinces still have a long way to go.(Note: Nominal GDP numbers for each province are from the University of Michigan China Data Center. To get real GDP values, the nominal GDP levels were deflated by the China national level GDP deflator as provided by the World Bank World Development Indicators.)Follow Yichuan on Twitter at @yichuanw. His blog is Synthenomics. We welcome your comments at ideas@qz.com.Henan | province, China (brittanica.com)Why are people from Dongbei and Henan despised in China (Quora)Blue is exporting, Red is importing