China Economy: News & Discussion

amoy

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It was a Good opportunity for India ......... but it seems most of the american / Japanese/ Korean companies are moving to Vietnam and Thailand Instead of India .
For Vietnam I think of such factors combined as

1. Young population of around 100m

2. Proximity to China. There's a comprehensive supply chain. And easy transfer for China of increasing costs.

3. Confucian work ethics which value material success and education (motivated)

4. Communist rule (not in terms of "orthodox" communist doctrines though).

And above all
5. VN is a member of CP TPP.

Even in French colonial era they preferred VN as the Indochina centre to Laos and Cambodia which were culturally affiliated to Thailand. It was planned to migrate VNese farmers who were perceived to be diligent to work in the other two.
 
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Haldiram

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Another propaganda article on the lines of "one of our reporters saw Chinese people putting less jam on their bread and feeding their puppies 2 biscuits instead of 3, hence proved, sanctions are having a crippling effect".

Good ol' Western propaganda never gets old. Using the lowest rung members of society who were anyway living a life of poverty and extrapolating their woes to draw conclusions about the state of the formal economy.


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nimo_cn

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China lowkey hinting what it would do to retaliate.



View attachment 35504
I believe Ren's appeal not to ban Apple is sincere, it's not some kind of insinuation for retaliation. Ren is not the spokesman of Chinese government, he speaks for his own mind. There are several fantastic interviews of Ren recently, in which he praises American suppliers for more than enough times. And his admiration for Apple is genuine, he told reporters that his families actually use iPhones, for twice he said Apple is an industry pioneer and good teacher hence it's unwise to ban Apple.

Ren's vision has transcended the trade war, in the latest interview by China Central Television, the questions focused on the trade war, but one third of the time Ren was talking about education, he called on more investment in education and more respect for teachers.

However, Apple's decline in China is inevitable, not because of retaliation from China, but because Apple's arrogance and incompetence. IPhone is not like what it's used to be in China, it's not a symbol of success any more. it's becoming an icon of shallow and superficial. Young and beautiful girls still want iPhones for their birthday present, but successful businessmen prefer Huawei over iPhone.
 

Haldiram

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I believe Ren's appeal not to ban Apple is sincere, it's not some kind of insinuation for retaliation. Ren is not the spokesman of Chinese government, he speaks for his own mind.
That's what they said about Jack Ma, until he revealed that he was a member of the CCP. There are no unbiased businessmen. Every businessman is an ambassador of his country. He benefits from the security that his armed forces provide and in turn the armed forces benefit from the revenue he brings for his country. We are all in a state of perpetual undeclared war.

I saw Ren's interview last week where he said that the onslaught from a foreign power acts as a motivation for his employees to work harder. No matter how broad one's vision, in any competition, no quarter is given by either sides.

This is beyond the iPhone. Two economic giants are fighting a war to dominate a larger and larger % of global consumer market. This friction is bound to happen before it settles down, unless the US decides to intentionally hurt the economies of countries which benefit China's market.

If the trade war entails that the US moves its manufacturing factories to India, and China bans American products, the US loses 1 billion customers. On the other hand, if the US does nothing, then Huawei and Xiaomi will still eat into US's global market share. Banning it just from the US doesn't do anything. There are just 300 million people in the US and 6 billion people in the rest of the world.
 
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amoy

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Things have got rather ugly. Time and again the bubble of West supremacy goes bust of business conduct.

FedEx Apologies for 'Inadvertently' Mishandling Huawei Packages

FedEx Corp. (FDX - Get Report) issued an apology Tuesday for mishandling packages destined for Huawei Technologies amid accusations that it deliberately diverted four parcels addressed to the Chinese tech giant's offices in Asia.

Huawei said the packages, which contained company documents, were re-routed by FedEx back to the United States, according to a report from Reuters. Huawei said the alleged diversion, which comes just ten days after the Commerce Department put the China-backed group on its so-called Entities List that restricts is access to U.S. markets, would force it to "review" its relationship with the courier.

https://www.thestreet.com/investing...ertently-mishandling-huawei-packages-14972637
 

Armand2REP

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I believe Ren's appeal not to ban Apple is sincere, it's not some kind of insinuation for retaliation. Ren is not the spokesman of Chinese government, he speaks for his own mind. There are several fantastic interviews of Ren recently, in which he praises American suppliers for more than enough times. And his admiration for Apple is genuine, he told reporters that his families actually use iPhones, for twice he said Apple is an industry pioneer and good teacher hence it's unwise to ban Apple.

Ren's vision has transcended the trade war, in the latest interview by China Central Television, the questions focused on the trade war, but one third of the time Ren was talking about education, he called on more investment in education and more respect for teachers.

However, Apple's decline in China is inevitable, not because of retaliation from China, but because Apple's arrogance and incompetence. IPhone is not like what it's used to be in China, it's not a symbol of success any more. it's becoming an icon of shallow and superficial. Young and beautiful girls still want iPhones for their birthday present, but successful businessmen prefer Huawei over iPhone.
The iPhone is made in China. If they ban it then Apple will make Foxconn move their factories and put 1 million Chinese out of work. I keep telling you Boeing is the only nuclear option you have.
 

nimo_cn

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The iPhone is made in China. If they ban it then Apple will make Foxconn move their factories and put 1 million Chinese out of work. I keep telling you Boeing is the only nuclear option you have.
Don't be dramatic.
Apple is Foxconn's largest client and Foxconn hires 1 million Chinese workers, that is for sure, but that doesn't mean, without orders from Apple, Foxconn will go out of business and 1 million Chinese workers will lose their jobs. Other than Apple, Huawei, Xiaomi, Lenovo, etc are also Foxconn's major clients. If China bans Apple, 20% of Apple's revenue will evaporate and Chinese customers will replace their iPhones with Chinese brands, which is enough to compensate the loss caused by Apple shifting its production abroad. And Apple is following Samsung, losing its market share rapidly, Samsung's market share dropped from 30% to 0.8% in China.

In my opinion, at this stage China will be cautious about hitting American companies that are operating in China. America attempt to block Chinese companies from doing business with the rest of the world. Take actions against foreign companies, even American companies, won't reflect well on China, unless they choose to side with American government. China will stick to the open up policy and continue the process of globalization.

For now, China's strategies need to be more accurate to hit America hard, like the ban of rare earth minerals export to America.
 

nimo_cn

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Things have got rather ugly. Time and again the bubble of West supremacy goes bust of business conduct.

FedEx Apologies for 'Inadvertently' Mishandling Huawei Packages

FedEx Corp. (FDX - Get Report) issued an apology Tuesday for mishandling packages destined for Huawei Technologies amid accusations that it deliberately diverted four parcels addressed to the Chinese tech giant's offices in Asia.

Huawei said the packages, which contained company documents, were re-routed by FedEx back to the United States, according to a report from Reuters. Huawei said the alleged diversion, which comes just ten days after the Commerce Department put the China-backed group on its so-called Entities List that restricts is access to U.S. markets, would force it to "review" its relationship with the courier.

https://www.thestreet.com/investing...ertently-mishandling-huawei-packages-14972637
huh, FedEx can kiss goodbye to future business with Chinese companies, that doesn't even require a ban from Chinese government.

Four packages were intercepted and detained by FedEx, two of which were supposed to be delivered from Tokyo to Shenzhen but ended up in FedEx's headquarter in Memphis, the other two from Hanoi to Huawei's offices in Hong Kong and Singapore but was detained in FedEx's operation centers of these two cities after receiving "orders from FedEx headquarter to reroute the packages to America for special reasons"

America keeps smearing Huawei for having special connection to Chinese government but never provides evidence. Now what we are witnessing is every goddamn American companies that are supposed to be free and independent could be pawns of American government.

No matter what consequences the trade war is gonna be, win or lose, I must say it's worth it, because it reveals the true color of America.
 

Haldiram

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No matter what consequences the trade war is gonna be, win or lose, I must say it's worth it, because it reveals the true color of America.
Correcto.

India has been doing its part in the trade war, albeit, silently, because we don't believe in violence. We dump bonds only in the most non-violent fashion.

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Armand2REP

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Don't be dramatic.
Apple is Foxconn's largest client and Foxconn hires 1 million Chinese workers, that is for sure, but that doesn't mean, without orders from Apple, Foxconn will go out of business and 1 million Chinese workers will lose their jobs. Other than Apple, Huawei, Xiaomi, Lenovo, etc are also Foxconn's major clients. If China bans Apple, 20% of Apple's revenue will evaporate and Chinese customers will replace their iPhones with Chinese brands, which is enough to compensate the loss caused by Apple shifting its production abroad. And Apple is following Samsung, losing its market share rapidly, Samsung's market share dropped from 30% to 0.8% in China.

In my opinion, at this stage China will be cautious about hitting American companies that are operating in China. America attempt to block Chinese companies from doing business with the rest of the world. Take actions against foreign companies, even American companies, won't reflect well on China, unless they choose to side with American government. China will stick to the open up policy and continue the process of globalization.

For now, China's strategies need to be more accurate to hit America hard, like the ban of rare earth minerals export to America.
Maybe it was dramatic, but if China does ban the iPhone that at least means Foxconn and Pegatron will be making far less iPhones which means they will have no choice but to lay off hundreds of thousands of workers that are already being replaced by robots and moves to Indonesia. Foxconn will already be getting less orders due to the coming collapse of Huawei sales. Lenovo sales collapsed a long time ago, I still have a ZUK Z2 Pro whose brand died as soon as it hit the market. They also make my Meizu 16th and that brand is falling too.

If you hit Apple it only hurts yourself. Like I said, your only nuclear option is Boeing as banning it doesn't hurt yourself, it can actually help your domestic aerospace industry by cutting competition.
 
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nimo_cn

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https://www.sciencemag.org/news/201...isher-bans-huawei-scientists-reviewing-papers

A major scientific society has banned employees of Huawei, the Chinese communications giant, from reviewing submissions to its journals because of U.S. government sanctions against the company.

The New York City–based Institute of Electrical and Electronics Engineers (IEEE) told editors of its roughly 200 journals yesterday that it feared “severe legal implications” from continuing to use Huawei scientists as reviewers in vetting technical papers. They can continue to serve on IEEE editorial boards, according to the memo, but “cannot handle any papers” until the sanctions are lifted.
++++++++++++++++++++
it seems that the war against Huawei has no boundaries, it's spreading to academic world. I always thought IEEE is an independent international organization.

America is willing to violate everything they have been preaching to us, just to take down a foreign company for the company provides better 5G technology.
 

shankyz

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https://www.sciencemag.org/news/201...isher-bans-huawei-scientists-reviewing-papers

A major scientific society has banned employees of Huawei, the Chinese communications giant, from reviewing submissions to its journals because of U.S. government sanctions against the company.

The New York City–based Institute of Electrical and Electronics Engineers (IEEE) told editors of its roughly 200 journals yesterday that it feared “severe legal implications” from continuing to use Huawei scientists as reviewers in vetting technical papers. They can continue to serve on IEEE editorial boards, according to the memo, but “cannot handle any papers” until the sanctions are lifted.
++++++++++++++++++++
it seems that the war against Huawei has no boundaries, it's spreading to academic world. I always thought IEEE is an independent international organization.

America is willing to violate everything they have been preaching to us, just to take down a foreign company for the company provides better 5G technology.
Everything is fair in love & war, eh?

China has banned US Tech MNCs like Facebook, Google, Instagram, Twitter, Wikipedia, Dropbox, Netflix ....time for it to get a taste of its own medicine.
 
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nimo_cn

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Foxnews host trish regan just had a debate over trade war with liu xin from CGTN
 

airtel

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Apple is following Samsung, losing its market share rapidly, Samsung's market share dropped from 30% to 0.8% in China.

It is because Samsung changed its business model .... Instead of manufacturing phones they are more focused on making electronics components....
Samsung is the biggest manufacturer of processors, ram , memory, camera sensors etc .
And they all the Chinese companies are using those components....... Phone manufacturers are not earning much money ....... So many big companies stopped making phones or selling just few mobiles because of high risk and low profits Like Sony, LG, gionee blackberry Motorola, lenevo, ZTE, alcatel etc .


while Samsung is still very profitable.
 

Haldiram

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they are more focused on making electronics components....
Samsung is the biggest manufacturer of processors, ram , memory, camera sensors etc .
And they all the Chinese companies are using those components
Yus. Samsung even manufactures the retina display of Apple devices so whatever revenue Apple makes, Samsung has found a way to tap into it. It's better to sell spare parts to giants, than trying to lure retail consumers to buy phones. Similarly, LG has a monopoly in manufacturing IPS panels. Whichever brand monitor you take, the panel is made by LG. Lessons for India to learn. Create an expertise in one component and become a market leader in that. You'll achieve nirvana from having to compete with brands. No matter which brand sells, your components must be in there.
 

Armand2REP

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Pegatron moving iPad and MacBook manufacturing out of China


BY LUKE DORMEHL • 7:08 AM, MAY 23, 2019

New iPads could be made in Indonesia.
Photo: Charlie Sorrel/Cult of Mac
Apple manufacturer Pegatron is reportedly set to start assembling MacBooks and iPads in Indonesia, starting next month.

The news comes at a time when more and more people are concerned about a burgeoning trade war between the U.S. and China. Because a large number of Apple’s products are manufactured in China, the possibility of new import tariffs could have a detrimental impact on the company.


Pegatron will start assembling Apple’s MacBook and iPad devices using a local manufacturer in Batam. Batam is the largest city in the province of Riau Islands, Indonesia. Abidin Hasibuan, CEO of the manufacturer PT Sat Nusapersada, didn’t confirm or deny reports.

It doesn’t sound like this partnership will necessarily be permanent, though. Pegatron has reportedly invested $300 million to refurbish two plans in Indonesia. It originally considered investing in factories in Vietnam. However, it selected Batam because of labor availability.

Other manufacturers are doing the same
Pegatron is not the only Apple manufacturer to be looking further afield than China. Foxconn, for instance, has started manufacturing certain iPhone models in India.

Analysts have suggested that problems in China could result in a 30% drop in earnings for Apple. With those kinds of challenges, it’s no wonder that suppliers would be looking to embrace new manufacturing markets as quickly as possible.

https://www.cultofmac.com/627032/pegatron-moving-ipad-and-macbook-manufacturing-out-of-china/
 

Vijyes

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Jaishankar has done good to Sino-India ties : China

Chinese Foreign Minister Wang Yi has congratulated Indian's new External Minister S. Jaishankar and said New Delhi's former envoy to Beijing has done good to Sino-India ties.

In a late Friday night statement to IANS, the Chinese Foreign Ministry said Wang had sent a congratulatory message to Jaishankar who was surprisingly inducted as the Foreign Minister in Prime Minister Narendra Modi's new government.

Jaishankar has also served as India's Foreign Secretary, the country's top diplomatic post.

The Chinese Foreign Ministry said as India's top diplomat and envoy to China, Jaishankar "made positive contributions to the development of Sino-Indian relations".

"China is willing to work with India to implement the consensus of the leaders of the two countries and promote new progress in China-India relations and pragmatic cooperation in various fields to better serve the two peoples."

Mandarin speaker, Jaishankar served as India's envoy to Beijing from 2009 to 2013.

He is said to have played an instrumental role in resolving the military stand-off between both the countries in Doklam in 2017.
 

nimo_cn

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Everything is fair in love & war, eh?

China has banned US Tech MNCs like Facebook, Google, Instagram, Twitter, Wikipedia, Dropbox, Netflix ....time for it to get a taste of its own medicine.
I was planning to ignore this post, reply it through ridicule. After a little thougt, I decide to make a serious argument. I have been here too long, I wish some fruitful and constructive discussion could happen between us despite all differences.

I am not suprised by your argument, because I have seen exactly the same argument right after the Trump administration issued the huawei ban, except that argument was made by an American commentator from NBC. I will share the link here if I find it later.

Then it makes me wonder why it's happening that Indian netizen would reach the same conclusion with an American commentator. America is part of the trade war, to be more specific they started it, it's natural they will do everything to legitimate it from their perspective. But you are from a third party, if you look at what is happening in a objective way, it's wouldn't be hard to find loopholes in that argument, it's even more grotesque for you reach that argument on your own.

It's true that China bans these American companies except Google which chose to pull out of China by its own decision, but China never attempts to stop other countries from doing business with them. You may argue that China doesn't do that simply because China is not that influential, but the fact is China doesn't even stop Chinese companies from doing businesses with them. It's a drastic contrast to America's relentless efforts to strangle Huawei. That is a huge difference you have overlooked.

Why would you people fail to see the obvious? Is it that animosity toward China blinded your eyes? I think that is part of the reason. Another important reason is that America has successfully indoctrinate you think from American perspective, which significantly undermines your ability to think on your own. And America accomplished that by promoting their ideology through Hollywood movies, so called free media and companies like Facebook, Twitter, YouTube globally.

I have to admit that the ban of Facebooks( by plural I am referring to companies like that) is not a fair practice, but that is China's only choice since we are in a disadvantage position, build a wall is the only option.

Facebooks are no pure profit hunting enterprises by their nature, companies like Facebook, Twitter and Netflix etc that generate and distribute information are powerful weapons of American government, it has been proved that American government has used their weapons effectively. Just imagine that if Facebook was a non American company while every American was wired to Facebook, do you think America would let that to happen.

That argument of you is a vivid testimony to America's soft but powerful invasion of India. I suggest India to learn from China, take some measures to curb the infltration of Facebooks into your society, don't be fooled by America's posturing of freedom of trade or freedom of information. America wants absolute freedom of information because all the tools that carry information, either software or hardware are owned by America, hence the flow of information is their hands.
 

vampyrbladez

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what a load of crap! if HUAWEI was a PLA front, then what are companies like Google, Facebook, YouTube, Apple, Yahoo, etc, which are the backbone of NSA's prism project?
Get some education Mr. Chinaman.

 

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