China Economy: News & Discussion

Discussion in 'China' started by Rage, Jun 1, 2009.

  1. Indx TechStyle

    Indx TechStyle War Mongerer Veteran Member Senior Member

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    Micromax was just importing and marketing stuff.

    Foreign companies produce more phones in India than Indian ones.
     
  2. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    The trend I notice from that graph is the death of Mediatek powered phones and the rise of Snapdragons. That would make you even more reliant on the US as Indian customers prefer their chipsets.
     
  3. rockdog

    rockdog Regular Member

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    Sometime around 2016, the CEO of Micromax in China bluffing they were going to have big market share here, and even setup a company in China.

    https://m.zol.com.cn/article/5866490.html

    At that time no one cares it in China, now almost no one cares it in India ...
     
  4. Indx TechStyle

    Indx TechStyle War Mongerer Veteran Member Senior Member

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    You don't need to tell that to me. Micromax was never a real handset maker.

    Indian infotech companies aren't that advanced nor Indian government was helpful. They never went deep into making something and even current phone manufacturing in India goes on with foreign companies.
    India won't have any such company for at least next 20 years either.

    As for "setting up headquarters" in China, Micromax was sourcing everything from China. So if R&D centre was to be made ever, it would have been China.
     
  5. nimo_cn

    nimo_cn Senior Member Senior Member

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    DJI just launched this cool gaming toy, robotmaster, it is gonna be a hit.

    What makes me laugh is the comment below the video, which is about the CEO's daughter.
     

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  6. nimo_cn

    nimo_cn Senior Member Senior Member

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    Comrade, you have done a fine job. I will make sure that SF agency grant you a gold medal for your great contribution.
     
  7. Cutting Edge 2

    Cutting Edge 2 Space Power

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    Being self sufficient is one thing and having a healthy economy is another. China can't continue its massive economy on domestic S&D alone.
     
  8. Vijyes

    Vijyes Senior Member Senior Member

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    I don't think you understand economy well. Domestic economy is good enough for a country as large as China. Chinese population is larger than entire Europe and USA combined. So, there is plenty of room for self sustainable economy. There will be some requirement for imported petroleum for running Chinese economy but that can be easily offset with other export. Most ot Chinese forex expense is in the form of tourism, services and import of electronics, of which only electronics is the important item. If China manages to make the needed electronics itself, then the forex outgo can be drastically minimised.
     
  9. Cutting Edge 2

    Cutting Edge 2 Space Power

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    I am not saying Chinese economy will completely collapse but it can't continue to be the same size. Of course they can survive but there will be major limitations to their economic agenda.
     
  10. Vijyes

    Vijyes Senior Member Senior Member

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    Why do you think other countries like India, Russia, SE Asia, west asia, Africa etc will stop dealing with China? What do they gain by following USA agenda? So, USA may end up isolating itself rather than limiting China
     
  11. Cutting Edge 2

    Cutting Edge 2 Space Power

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    West will limit their companies to do business with Chinese. This will severely limit Chinese capabilities. Even today Chinese companies are way behind their western counterparts.
     
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  12. rockdog

    rockdog Regular Member

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    I am still working hard to be one of them, imagining one day General Zhang Zhaozhong will sign the contract with me ^_^
     
  13. IndianHawk

    IndianHawk Senior Member Senior Member

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    Countries won't stop dealing with china but without us tech Chinese goods will be useless.
    Huawei / honor sell a lot of smartphone in India but now after Google not giving android license for new phones who will buy a Huawei/ honor phone in India? No one.

    And if in future the same restrictions are applied to xiomi /oppo/Vivo than their market in India will automatically Collapse as Indian only buy Chinese smartphone because of android . Nobody is going to buy a phone with Chinese operating system.

    Same goes for almost all electronics laptops / smartwathes / smart android TVs.

    People will rather buy micromax even if they have to pay a big more but will go with US/ android ecosystem .

    Sent from my C103 using Tapatalk
     
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  14. IndianHawk

    IndianHawk Senior Member Senior Member

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    China won't collapse but it won't prosper either.
    Without trade surplus with USA /Europe it's foreign reserve will collapse and there goes belt and road drama as China won't be able to fund it.
    Similarly aiib will be ineffective without funding in $ from China.

    China has huge population but most of it has no purchasing power to consume high quality / high Margin sophisticated products. And without these products Chinese companies won't be able to compete globally and they won't have enough profit from domestic market to put money in r&d . Hence they will gradually fall behind rest of the connected markets.

    Exports still make 15-20 % of Chinese GDP.
    Chinese GDP could shrink 2-5 % . That will result in massive unemployment closure of thousands of factories and loss of income in trillion $. China will be send 10-15 years back and future progress will be stalled infinitely.

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  15. Vijyes

    Vijyes Senior Member Senior Member

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    Chinese are just 5-6 years behind USA. That is not much. So, Chinese are capable 9f overcoming USA restrictions with minor hits.

    You are being severely mistaken. The chinese phone makers are not using chinese parts but using USA parts. Qualcomm chipset, RAM, Memory and other critical items from USA are other important parts of these phones. So, Chinese only get money for a part of the phone like display and assembly charge. Rest is income for USA. So, this is not the main source of Chinese income.

    Chinese income comes from sales of other items like TV, PCB, circuits, AC etc which are 100% made in China. These items will still be bought by India and other countries

    Next, china also has its own electronics and makes low end phones like those LYF phones of JIO. At low price, these phones will also sell well. Even if Google disallowed Chinese companies, they still can sell their parts and get it assembled by Indian companies just like Qualcomm sells its chipsets independently.

    This is full of assumption without basis. Just like US has big economy without as big manufacturing base as China, China can also have big economy by domestic manufacturing. Job losses is not meaningful. As of now, Chinese are overworked and reduction in exports will means Chinese will have to work less and hence have better standards of living.

    USA as of now buys Chinese goods on loan which means that China does not get payment but only collateral as Treasury bonds. Chinese workers don't get paid the money from exports but is held by Chinese Central bank bank as foreign exchange reserve. This is why USA says that China manipulates currency. So, as of now, China has lot of spare capacity and spare economic buffer. A drop in exports will only dip the buffer and not have any big effect
     
  16. Cutting Edge 2

    Cutting Edge 2 Space Power

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    I fully disagree with that statement.


    GDP (per capita)

    China 9000

    vs.

    USA 60000
     
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  17. Vijyes

    Vijyes Senior Member Senior Member

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    That is irrelevant. I am only taking of technology. Per capita income of China is lower due to higher population. Generally per capita depends on per capita resources
     
  18. Indx TechStyle

    Indx TechStyle War Mongerer Veteran Member Senior Member

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    By technology, it'd be even far far bigger miles. Technology in all aspects.
    China's GDP wouldn't have been same if its population wasn't.
    Reason for lower Chinese income is that their economic booms was late.
    It rarely does. I've explained a lot earlier and given up on a gone case like you.

    If what you said was so, USSR & China would have been much better during entire cold war.

    Don't give the argument of ICBMs & weapon systems. That's old Russian experience that was transferred to China.
    Afghanistan isn't a developed country, ROK is.
     
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  19. IndianHawk

    IndianHawk Senior Member Senior Member

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    How will Chinese have better standard of living with less work ? In fact Chinese are lacking works and high wage employment. Why do you think they are trying belt and road drama , so that they can have work in Chinese factories!

    Chinese central bank keeps dollars but it issued domestic currently equivalent to dollar which pays to factories and workers.
    All countries do the same including India.
    What do you think Chinese factory workers must be paid in dollar directly by USA?

    US dollar is not legal tender in china !!
    It is not legal tender in India either! No one can be paid in foreign currency directly it has to go to central banks which issue equivalent domestic currency.

    Chinese currency manipulation is not using those reserved dollars to defend yuan in open market. China could make yuan much stronger if it used it's reserve and released dollars in international markets . But china doesn't do that even to keep yuan cheaper. That is called currency manipulation by USA.

    Frankly bro your fundamental understanding of economics is lacking.



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  20. Vijyes

    Vijyes Senior Member Senior Member

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    For example? China has all Technology except for 22nm and 14nm semiconductor. This is the only drawback and nothing else.

    Late or early doesn't matter. Things run on absolute value. As of now, China manufacturing is 2-3 times that of USA. Chinese agriculture is equal to USA. Which part is less in China to make it below USA? How does it matter if China developed late or early?

    Again, talking like a retard and repeating same nonsense without even listening to others doesn't make you right. You simply refuse to accept the fact that with Arab agreeing to sell their oil in dollars, USA got control of 70% of world oil and hence completely dominated USSR & China in terms of resources. In addition, the ethnic difference in USSR led to USSR disintegrating while USA had ethnic homogeneity to good extent and survived.

    If you don't have common sense to consider the access to resources to a country either because of indigenous presence or political alliance, then it is your stupidity, not mine. Afghanistan has no viable resources whereas Korea is gifted by USA of its its resources and 'temporqry Technology sharing'. How can Afghanistan be compared with Korea?
    Do you even know how Chinese economy works? Do you know that China is centralised economy and doesn't run on normal free market floating currency.

    China is not facing unemployment to go for OBOR. OBOR is a foreign policy tool to gain foreign assets while expending excessive dollar reserve it has. Since China has 3 trillion dollar reserve, this is a logical thing to do.

    USA dollar is not legal currency in China but China doesn't give fair value to dollar to its companies. Chinese workers get paid in devalued Yuan which is indirectly paying less for their workers than the compared fair value. The devalued Yuan is a way of artificially lowering the standards of living of its population.
     

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