China Economy: News & Discussion

[nimo_cn]

following huawei, DJI and Hikvision are also being put on the blacklist, so who is gonna be next?

 

[nimo_cn]

Rare earth elements are not actually rare at all. The West stopped mining it because it was environmentally damaging and the cost of cleaning it up made the elements expensive. China did not enforce such environmental regulations making it cheaper to produce than anywhere else making it unprofitable to mine. If China embargoes it then it will be profitable to mine again. China tried doing this in 2010 and failed when they controlled 97% of the market, since then mines have been opening up all over the world and China's share is down to 60%. An embargo would simply force them out of the #1 spot as the mines already opened expand production to make more money.

https://www.statista.com/statistics/279953/rare-earth-production-in-china-and-outside/

in that case, it makes sense for China to decrease the production of rare earth mineral, just to protect the environment.

 

[nimo_cn]

That means they will suck...:biggrin2:


Meaning chinese will reverse engineer or make Xerox copies of everything without any regards for IPRs...

kid, come to the party when you have a company like huawei. otherwise, just enjoy watching the show.

 

[nimo_cn]

So you admit that Huawei like google is a front for PLA and there is nothing wrong in it if Apple etc are doing that !

that is not what i said.

unlike huawei, Google is a proven proxy of American intelligence agency.

while on huawei people are only making accusations but never provide proof. the benefit of doubt goes to the defendant, huawei is innocent.

 

[Armand2REP]

in that case, it makes sense for China to decrease the production of rare earth mineral, just to protect the environment.

Even if the CCP issued an embargo it would not stop the smuggling of REE out of China. A quarter of all production is smuggled out of the country as it is despite several government crackdowns.

 

[nimo_cn]

Even if the CCP issued an embargo it would not stop the smuggling of REE out of China. A quarter of all production is smuggled out of the country as it is despite several government crackdowns.

all the major companies that mine and produce rare earth minerals are state owned, all CCP needs to do is just issuing an order.

 

[indiatester]

https://www.reuters.com/subjects/henan

"
Dream Deferred: Henan province and a slowing Chinese economy
"

I don't want to post the entire article, just want to know from the Chinese boarders if there is any truth to this article.

 

[jon88]

https://www.reuters.com/subjects/henan

"
Dream Deferred: Henan province and a slowing Chinese economy
"

I don't want to post the entire article, just want to know from the Chinese boarders if there is any truth to this article.

I travel quite a bit everywhere. My job required me to do so every month. Generally there has been a slowdown of economic activities, not just in China but everywhere with the exception of Africa. Africa is starting from the bottom, so it is kinda expected. Any small changes are very visible.

Of course all countries put out rosy pictures of their economy, but actual picture on the street pointed to reduced orders, sales and revenue. Sorry, sentiments on the Indian economy are not good too.

India have many smart and hardworking people too but very disorganized, while the Chinese are very organized and focused. To me, the Chinese are just like the Japanese, Koreans, except they speak Chinese. Unless there is a change in Indian mentality on work ethics, India can never hope to compete even with Southeast Asian nations let alone East Asia ........or even Sri Lanka. I believe most parts of Africa might have a better standard of living than India in as soon as one decade from now.

I am sorry to comment this because I truly love my travels in India. India have the potential to be an economic powerhouse if Indians change their ways, but Indians have no potential of changing.

 

[Indx TechStyle]

Of course all countries put out rosy pictures of their economy, but actual picture on the street pointed to reduced orders, sales and revenue. Sorry, sentiments on the Indian economy are not good too.

Stats speak otherwise because picking up pictures from a bad street aren't good either.

India have many smart and hardworking people too but very disorganized, while the Chinese are very organized and focused.

They had a planned growth. We have an unorganized haphazard expansion.

To me, the Chinese are just like the Japanese, Koreans, except they speak Chinese.

Obviously, they all are East Asians.

Unless there is a change in Indian mentality on work ethics,

"Mentality" is variable and independent for any human race. Your perception of countries isn't the reason of success.

India wasted its initial 4 decades with socialism. If it would have tried earlier tham 1990, it would have been much better place to live. Not only India's own fault, but a large nation facing lots of overseas threats and sanctions.


Study about Maslow's theory of motivation regarding role of money which changes mentality.
Money is generated through organized capitalism. Everything else is secondary and starts to get put in place by common people themselves.

Development isn't a result of mentality but mentality is a result of development.

India can never hope to compete even with Southeast Asian nations let alone East Asia ........

India is ahead of Southeast Asia in some aspects while behind in sone others.
Time will decide the rest.

or even Sri Lanka.

Sri Lanka is a small geographical area who lags well behind many south Indian stateS. And the kind of economic stagnation they have entered through instability and debt trap, their time is limited.

I believe most parts of Africa might have a better standard of living than India in as soon as one decade from now.

Wadda? India was much poorer than Africa in formative years of independence and left them far behind in three decades while gap is still increasing.
Most parts of Africa are suffering economic crisis even at low & lower middle income stages while India is about transit into an upper middle income group in next 5-7 years. Even the few in Africa with significant growths are actually so because of high population growth. Their population growth is higher than their GDP growths are poverty rates are increasing.

Africa's population growth rate is more than double of India while GDP growth rate is 1/3rd-1/4th of India and so are other factors.

India have the potential to be an economic powerhouse if Indians change their ways, but Indians have no potential of changing.

With due respect, this comment is just a stupid and futile rant which I often listen from a class of people calked AAPtards of Indian streets. Similar jibes are there in Latin American people for themselves also.

Self criticism is essential but pessimism with no basis but lunacity is useless. So, is your comment.

Even if I was not an Indian, my comment would be same.

 

[nimo_cn]

https://www.reuters.com/subjects/henan

"
Dream Deferred: Henan province and a slowing Chinese economy
"

I don't want to post the entire article, just want to know from the Chinese boarders if there is any truth to this article.

of course there is. if the reports are full of lies, soon their credibility will be lost.

based on my observation, western media normally offers some facts but not the full picture and then draws the wrong conclusion.

Chinese economy is so huge and dynamic that It's not an easy job to grasp the whole picture. and It's full of problems and opportunities at the same time, you see what you want to see. if you have faith in China, you see hope; if you don't, you see despair.

 

[Armand2REP]

all the major companies that mine and produce rare earth minerals are state owned, all CCP needs to do is just issuing an order.

CCP has been issuing orders for years to stop illegal mining and smuggling of REE... it still hasn't worked.

 

[airtel]

ARM is not an american company, it is not binded by the executive order issued by Trump, which can only be applied to companies located in America. To date, I am positive to say that the executive order is not working out as americans have expected. If American government take actions to coerce companies outside US, most of which are owned by american allies, to stop doing business with Huawei, that is another level. So far no companies without America have expressed willingness to join the league to embargo Huawei. And it is not going to be an easy task for americans. To persuade their allies to discard Huawei equipments has not been a total success, much less to coerce them stop making money from selling components to Huawei. And if that day comes that America had successfully got ARM to join them, we will see how Huawei is gonna handle it,

As I understand it, Google's ban on Huawei does not mean that huawei phone can access Google services(map, youtube, gmail) anymore, it is more like that users can't install apps (including google's apps) through Google play, which i have to admit is a pretty hard hit to huawei since Google play is basically the only way by default non-chinese android users install apps. huawei phone could switch to open source android or its own back OS and users could install apps through a third party appstore, it is impossible to change user's habit overnight. so yes, Google ban is likely to devastate huawei's smartphone business abroad in a short term. However, it won;t affect Huawei's core business 5G. One must understand, smartphone business didn't become important to huawei until recent years. in 2009, huawei actually decided to sell its phone department but failed because no other companies were willing to take over. And the volume of Chinese market alone can sustain huawei's phone business to survive. Google's ban is a wake up call to huawei and other Chinese phone makers, I believe in the following years, we will see them decrease the dependence on Google's software. Richard Yu, the man who is heading huawei smartphone business just announced that smartphone runs on its own OS will be launched this fall.

Another important news from China, Xi jingpi visited Ganzhou( badguy2000's hometown) in Jiangxi Province, to inspect the production of rare earth.

A litany of U.S. companies — including Google, Intel, Qualcomm, and Broadcom — have cut ties with the Chinese manufacturer following a trade ban, and ARM is now joining the list. According to the BBC, the UK chip vendor has sent out a memo to its staff to suspend "all active contracts, support entitlements, and any pending engagements" with Huawei.


https://www.digit.in/article/amp/ge...tech-bigwigs-who-ditched-business-with-huawei


https://www.bbc.com/news/amp/technology-48363772

 

[Hiranyaksha]

Official announcement from PBOC, this might the first bank run and bank bailout by PBOC after 1979 (Chinese economic reform)

Baoshang Bank, a commercial bank with ~10k employees and over $61B total asset is facing severe credit risk and now being taken over by PBOC

 

[nongaddarliberal]

The present stagnation trend of the Chinese economy is a golden chance for India to decrease the GDP gap from 5:1 to about 3:1~2.5:1 within the next 10 years. But that requires much better performance from our side. But I'm not writing away the Chinese growth potential. Just that the required reforms for more substantial growth in China is many years away, and it's a clear opportunity.

 

[S.A.T.A]

If China's economy has slowed down, so has ours. A cursory look at the FDI shows that majority of the investment has gone into IT. I think our IT exports have reached a point where, unless we find new export markets, will begin to plateau.

I hope the new govt takes steps to reinvigorate the 'make in India' program and encourages export focused SMI'S. India cannot hope to catch up with China on the back of her service industry. If govt is serious about its 2 crore jobs, or anywhere Close to that figure, our small, medium and large scale industries have to do the bulk of the heavy lifting.

 

[sorcerer]

China suffers Long March 4 failure
by Andrew Jones — May 23, 2019

Editors note: China’s state-run Xinhua news agency has since confirmed the failure of a Long March 4 carrying the Yaogan-33 satellite. “The first and second stages of the rocket worked normally, while the third stage had abnormal operation,” Xinhua reported. “Based on monitoring data, the third stage of the rocket and satellite debris have fallen on the ground.”

https://spacenews.com/china-appears-to-have-suffered-a-long-march-launch-failure/

 

[jadoogar]

China suffers Long March 4 failure
by Andrew Jones — May 23, 2019

Editors note: China’s state-run Xinhua news agency has since confirmed the failure of a Long March 4 carrying the Yaogan-33 satellite. “The first and second stages of the rocket worked normally, while the third stage had abnormal operation,” Xinhua reported. “Based on monitoring data, the third stage of the rocket and satellite debris have fallen on the ground.”

https://spacenews.com/china-appears-to-have-suffered-a-long-march-launch-failure/

Where are Bill Clinton, Papa Bush when the Chinese need them. Both worked with American companies to assist the PRC in developing and refining their rockets - which were failing otherwise.

Clinton's excuse was that Papa Bush was also doing it.

 

[IndianHawk]

The present stagnation trend of the Chinese economy is a golden chance for India to decrease the GDP gap from 5:1 to about 3:1~2.5:1 within the next 10 years. But that requires much better performance from our side. But I'm not writing away the Chinese growth potential. Just that the required reforms for more substantial growth in China is many years away, and it's a clear opportunity.

Our GDP ratio is 2.5:1 at ppp basis already. On nominal exchange rate basis we are further behind. One simple reason is yuan is much stronger than rupee. And rupee has gone down quite a lot in previous years.
In 2007 before recession GDP growth was 9% + and rupee was at 40 /39.

If rupee reaches 40 again our GDP nominal will grow from 3 trillion to 5 trillion just because of that.

Look at this link
https://en.m.wikipedia.org/wiki/Trillion_dollar_club

And look at when China added each trillion.
You'll find it achieved 3trillion mark in 2007
And 4 trillion in 2008 and 5trillion in 2009 and so on. How do you that?
you grow at 30% + annual rate but China never touched that growth rate.
So what happened , it's currency appreciated.
Look at yuan Vs dollar between 2006-2013.

I'm still not sure what other factors were at flow or if this data is completely accurate.

But one thing is clear to grow nominal rupee has to appreciate back to 40 and then stronger upto 20 a dollar should be the goal.

Sent from my C103 using Tapatalk

 

[amoy]

http://www.globaltimes.cn/content/1018779.shtmlWith rudimentary economics I mostly see things through my first-hand observation. Recently I noticed my new T-shirt arrivals were made in Bangladesh. And earlier shoes were found made in Vietnam. These used to be done in China.

Clearly such a shift of manufacturing (especially labour intensive) has been ongoing for years. Chinese investors have been moving their capacities elsewhere due to hiking costs and tariffs as well as multinationals.

Chinese export companies rush to build factories in other countries including Cambodia and Vietnam to evade U.S. trade tariffs

There are many reports that Chinese are swarming Cambodia, Sihanouk ville and Phnom Penh in particular.

Chinese-invested Sihanoukville industrial zone in Cambodia eyes 300 factories expansion

As for India I was slightly surprised on my first visit. But indeed it is kinda enchanting for more exploration.

 

[Vijyes]

Where are Bill Clinton, Papa Bush when the Chinese need them. Both worked with American companies to assist the PRC in developing and refining their rockets - which were failing otherwise.

Clinton's excuse was that Papa Bush was also doing it.

China had already made missiles in 1965. USA hardly helped China in anything meaningful. USA even organised Tianamen riots and China was so pissed off that it shut down its country to all foreign NGO and became rabidly anti-USA.