China Economy: News & Discussion

[skywatcher]

Huawei overtook Samsung in global smartphone shipments for Q2

 

[skywatcher]

Huawei overtook Samsung in global smartphone shipments for Q2

 

[Bhurki]

China plans to expand railway network to 200,000 km before 2035, 70,000 km high speed

Aug 13, 2020

BEIJING (Reuters) - China plans to expand its railway network, the second largest in the world, by one-third in the next decade and a half, as part of a long-term plan to rev up urbanisation and stimulate local economies.

China aims to have about 200,000 kilometres (124,274 miles) of railway tracks by the end of 2035, including about 70,000 km of high-speed railway, according to a plan issued by state-owned China State Railway Group.

The targets compare with a total length of 141,400 km of existing rail lines as of end-July, among which 36,000 km are high-speed routes, the most in the world, company data showed.

The goals would mean a 33.3% increase in China’s railway network from this year and a 133% expansion in high-speed railway, according to Reuters calculations.

More : China plans to expand railway network to 200,000 km before 2035

 

[BangaliBabu]

China plans to expand railway network to 200,000 km before 2035, 70,000 km high speed

Aug 13, 2020

BEIJING (Reuters) - China plans to expand its railway network, the second largest in the world, by one-third in the next decade and a half, as part of a long-term plan to rev up urbanisation and stimulate local economies.

China aims to have about 200,000 kilometres (124,274 miles) of railway tracks by the end of 2035, including about 70,000 km of high-speed railway, according to a plan issued by state-owned China State Railway Group.

The targets compare with a total length of 141,400 km of existing rail lines as of end-July, among which 36,000 km are high-speed routes, the most in the world, company data showed.

The goals would mean a 33.3% increase in China’s railway network from this year and a 133% expansion in high-speed railway, according to Reuters calculations.

More : China plans to expand railway network to 200,000 km before 2035

What will they do by expanding rail network? Bring in freight trains to their annexed territories and mine minerals? What will they do then after mining minerals? Ensure global monopoly then? What will they do then to keep their said monopoly when nobody's buying from them?

Saale barbarians, hoarder mentality. Not unlike those chaps which have propagated from the vast deserts of Asia.

 

[Bhurki]

What will they do by expanding rail network?

This will ease the total load on the network. They are creating redundancy in the system to reduce the congestion.

When the first high speed line was opened up in 2008, the target was
2020 -10,000 km.

But they achieved this by 2013, so new targets were -
2020 - 20,000 km
2030 - 35,000 km

20,000 km was achieved by 2017, so it was again up-revised to -
2025 - 38,000 km
2030 - 45,000 km

But they have already completed 36,000 km in the H1 2020, hence the even higher target.

At current pace of construction, which is about 3,500 km, the 70,000 km target will be completed before 2030.

 

[HKedifier]

What will they do by expanding rail network? Bring in freight trains to their annexed territories and mine minerals? What will they do then after mining minerals? Ensure global monopoly then? What will they do then to keep their said monopoly when nobody's buying from them?

Saale barbarians, hoarder mentality. Not unlike those chaps which have propagated from the vast deserts of Asia.

The things from poor area can be deliver to rich area, and poor area can be rich.

And plants in also can receive all material it needs very quick from all over China .

China is ambitious on internal market.

 

[BangaliBabu]

The things from poor area can be deliver to rich area, and poor area can be rich.

And plants in also can receive all material it needs very quick from all over China .

China is ambitious on internal market.

 

[Bhurki]

View attachment 56427

Lol, He certainly put it in a hilarious way.

But seriously, there's very little downside to investing in rapid rail, high speed rail systems.
You pretty much increase the price of property all along the line,
and people don't have to move regularly when they change jobs.
Moreover affordable housing made on periphery of a city can be used to house people with low incomes.

Someone living 100 km away from work can just commute up and down the line within 30 minutes and save up on rent.

On supply side, you boost the construction sector, manufacturing sector and expertise.

People often talk about the high debtedness of rail entities. What they forget is that in absence of these systems, the growth that the construction added to the economy, the ease of transportation and money saved by not having to build housing in expensive downtown areas adds up in a tangible way, however isn't readily visible annually.

 

[HKedifier]

Lol, He certainly put it in a hilarious way.

But seriously, there's very little downside to investing in rapid rail, high speed rail systems.
You pretty much increase the price of property all along the line,
and people don't have to move regularly when they change jobs.
Moreover affordable housing made on periphery of a city can be used to house people with low incomes.

Someone living 100 km away from work can just commute up and down the line within 30 minutes and save up on rent.

On supply side, you boost the construction sector, manufacturing sector and expertise.

People often talk about the high debtedness of rail entities. What they forget is that in absence of these systems, the growth that the construction added to the economy, the ease of transportation and money saved by not having to build housing in expensive downtown areas adds up in a tangible way, however isn't readily visible annually.

Agree， the labor cost is higher and higher. If not build now , it will cost more and more money in the future.

The train number is about 2 times as 5 years ago.

The distance from Guangzhou to Shanwei, about 300KM away from Guangzhou. Spend about 1.5H.
You can see about 31 pair of train travel to each other everyday in below link.
The price is from 129.5 to 362.5 RMB.

中国铁路12306

kyfw.12306.cn

 

[HKedifier]

A UK brand ROEWE purchased by China , and designed in China ,what it will it looks like
This car sell for about 130000RMB , about 1.3M rupee.

 

[Bhurki]

A UK brand ROEWE purchased by China , and designed in China ,what it will it looks like
This car sell for about 130000RMB , about 1.3M rupee.

I don't see why you're advertising it here..

 

[Haldilal]

I don't see why you're advertising it here..

A UK brand ROEWE purchased by China , and designed in China ,what it will it looks like
This car sell for about 130000RMB , about 1.3M rupee.

MG hector already faced a strong competition from the likes of the Tata Harrier, Jeep Compass, Kia Seltros and will face new rivals like Mahindra Scorpio. So good luck in Indian Market.

 

[skywatcher]

Coronavirus: Flights within China to 'fully recover' next month

Domestic flights are expected to be back to normal soon as air fares are cut and demand rises.

www.bbc.com

Flights within China to 'fully recover' next month

Flights within China should fully recover by the start of next month according to a global travel data firm.

Air travel has been picking up gradually since the coronavirus grounded the majority of planes in February.

This month domestic arrivals at Chinese airports reached 86% of 2019 levels according to figures from ForwardKeys.

Its prediction is a glimmer of hope for the airline industry which is suffering mass layoffs and losses.

By mid-February the majority of flights within China were cancelled as it took measures to control the spread of the virus.

As virus cases reduced, more flights were re-instated and bookings are now back to 98%, with most being for travel in mid to late August.

"This is a highly significant moment because it is the first time, since the start of the Covid-19 outbreak, that a major segment of the aviation market anywhere in the world has returned to pre-pandemic levels," said Olivier Ponti at ForwardKeys.

Its forecast that domestic flights will fully recover by early September is based on a number of factors, such as keeping the pandemic under control and the continued use of "aggressive price promotions".

Many Chinese airlines have launched discounts to entice passengers back, with some promotions targeted at university students.

Travel to Sanya, the holiday hotspot in the South China Sea, has seen strong recovery helped by a new duty-free policy.

"The crunch question is whether heavy discounting will still be needed to maintain the recovery," added Mr Ponti.

"China's advantage is that they have a huge domestic hinterland, and they have a strong domestic tourism market, which can help the Chinese carriers mitigate any impact," added Alfred Chua at FlightGlobal magazine.

However, Chinese travel to Beijing is still 24.8% behind the same period in 2019, held back by the city's second coronavirus outbreak in early June.

International flights
The recovery in domestic air travel in China is one positive development in an otherwise bleak outlook for the aviation industry. But international flights are not expected to fully recover for many years.

The International Air Transport Association, a global industry group, has warned global passenger numbers will not return to pre-virus levels until 2024, a year later than previously projected.

The recovery in short haul travel is still expected to happen faster than for long haul travel it said, as travel bubbles are established between countries.

Earlier this week, American Airlines said it will cut 19,000 jobs in October when a government wage support scheme extended to airlines during the pandemic comes to an end.

The world's biggest airline said the cuts would leave its workforce 30% smaller than it was in March.

Other carriers have also warned of similarly large cuts amid a severe slump in air travel which is expected to see losses of more than $84bn (£66bn) this year.

"At least for the rest of the year, I think we will see two very distinct patterns: domestic will be recovering very quickly, with international networks still very weak," added Mr Chua.

Coronavirus: Flights within China to 'fully recover' next month

Domestic flights are expected to be back to normal soon as air fares are cut and demand rises.

www.bbc.com

 

[Haldilal]

China's biggest 4 banks had an estimated capital shortage of usd323bn last year. To give perspective, this is roughly 3 times the size of the entire Indian banking sector. They have 3x India sized hole in their books. And this is just ICBC, BoC, ABC, and CCB. This hole is expected to rise to over a trillion usd in next 4 years. How will China manage? They lied to the world is one thing, but they have been lying to themselves as well!

 

[Haldilal]

Ya'll Nibbiars how a heavy debt burden would be the undoing of China. Will add a few more points here now, here:

China has a domestic bond market of approximately US$4.1 trillion. Of these about US$530bn will come up for maturity. So far chinese govt has bankrolled their debt mkt, printed money incessantly to keep it afloat. But its getting tougher and tougher to do this. Esp for the weakest borrowers. Analysts now expect US$10.5bn of delinquencies by December 2020. So far 1H2020 delinquencies have been kept at US$7.1bn by ever greening tools like refinancing, extending maturities, swapping debt etc. Basically window dressing or fraud. Garp says: China’s ratio of interest-bearing corporate debt to gross domestic product has climbed by 13 percentage points this year to 164.4% at the end of June, according to the National Institution for Finance & Development, a think tank. Local govts have raised US$362bn so far this year. And they have no clue how they will be repaying these if rumours are to be believed. Notably, a local authority from north eastern Jilim province paid out its dues to its bond holders later than usual this month. Adding to speculation that the Chinese govt is finding it harder and harder to get cash together. No wonder China is trying to divert attention from internal unrest to creatimg border trouble with India!

Bhagwan Ucha.

 

[rockdog]

Ya'll Nibbiars how a heavy debt burden would be the undoing of China. Will add a few more points here now, here:

China has a domestic bond market of approximately US$4.1 trillion. Of these about US$530bn will come up for maturity. So far chinese govt has bankrolled their debt mkt, printed money incessantly to keep it afloat. But its getting tougher and tougher to do this. Esp for the weakest borrowers. Analysts now expect US$10.5bn of delinquencies by December 2020. So far 1H2020 delinquencies have been kept at US$7.1bn by ever greening tools like refinancing, extending maturities, swapping debt etc. Basically window dressing or fraud. Garp says: China’s ratio of interest-bearing corporate debt to gross domestic product has climbed by 13 percentage points this year to 164.4% at the end of June, according to the National Institution for Finance & Development, a think tank. Local govts have raised US$362bn so far this year. And they have no clue how they will be repaying these if rumours are to be believed. Notably, a local authority from north eastern Jilim province paid out its dues to its bond holders later than usual this month. Adding to speculation that the Chinese govt is finding it harder and harder to get cash together. No wonder China is trying to divert attention from internal unrest to creatimg border trouble with India!

Bhagwan Ucha.

I have been Indian military forums for 15 yrs, I discovered there was a traditional thinking from Indian like "China economic will collapse within 3 years by debt trap" ...

Normally i never gave comment since the contents were always same and nothing new.

I personally think this kind of midset always give a comfortable relief to some Indian friends while the GDP gap became 3:1 to 6:1 between two nations for past yrs, it's like a mental massage.

 

[johnq]

All I see is Chinese propagandists giving themselves a mental massage over GDP numbers that are a result of slave labor in Xinjiang, Tibet and elsewhere in China. It never ceases to amaze me how the same Chinese who talk about equality and rights in public look the other way when it's the Chinese government running slave factories with minorities like Uyghurs and Tibetans. As long as it's not your family.
But the real question is, what happens when other countries stop importing goods made by these Chinese slave factories? Then these concentration camps turn into death camps. And that is the start of war against Chinese Communist Party, by other countries as well as from within.

 

[no smoking]

All I see is Chinese propagandists giving themselves a mental massage over GDP numbers that are a result of slave labor in Xinjiang, Tibet and elsewhere in China. It never ceases to amaze me how the same Chinese who talk about equality and rights in public look the other way when it's the Chinese government running slave factories with minorities like Uyghurs and Tibetans. As long as it's not your family.

The funny thing is these so called Chinese "slaves" are eating better, living better and earning better than the Indians. Last time I check, the Indian workers are earning only half of Chinese "slaves" and the gap is becoming bigger and bigger. Well, it seems as long as you are not the one of those Indian workers, you are fine.

But the real question is, what happens when other countries stop importing goods made by these Chinese slave factories? Then these concentration camps turn into death camps. And that is the start of war against Chinese Communist Party, by other countries as well as from within.

The real question is WHEN! The Indian members have been dreaming about this day for over 20 years, during which period the world didn't stop importing Chinese goods. Instead, Chinese became No.1 international trader. Keep dreaming, you can find everything you want over there.

 

[johnq]

The funny thing is these so called Chinese "slaves" are eating better, living better and earning better than the Indians. Last time I check, the Indian workers are earning only half of Chinese "slaves" and the gap is becoming bigger and bigger. Well, it seems as long as you are not the one of those Indian workers, you are fine.
The real question is WHEN! The Indian members have been dreaming about this day for over 20 years, during which period the world didn't stop importing Chinese goods. Instead, Chinese became No.1 international trader. Keep dreaming, you can find everything you want over there.

Please, we have all seen videos of Merdan Ghappar and others being chained up between work shifts. All Indian workers are free, while million of Uyghurs and Tibetans are slaves in concentration camps who are tortured and killed on a regular basis. There is no comparison, and you are simply spouting Chinese government propaganda.
After the Chinese government attacked the world with Covid 19, all countries are starting to ban Chinese goods, even while suffering from the effects of the pandemic! What do you think will happen after the world recovers from it? More and more countries are realizing the folly of addiction to Chinese imports.
Meanwhile the Chinese military is busy invading other countries/seas as well as supplying weapons to criminals in other countries. What do you think will happen when these other countries return the favor and arm Uyghurs, Tibetans, people in Hong Kong, and elsewhere to free them from the Chinese government?
The people in Xinjiang, Tibet, Hong Kong and other areas who are sick of Chinese government's abuses will rise up against the Chinese government thugs who torture and kill them on a regular basis. The people will join forces with US, India and other countries that China is currently invading and will overthrow the Chinese Communist government.

 

[johnq]

I heard some Chinese mobile companies also established factories in India. Why lots of Indian workers don't enjoy the precious democracy and freedom but willing to be slaves working locally?

Would you please let me know the reason?

I also think you should go the to those factories and tell them not to work as Chinese slaves.

Apples and oranges; it's not comparable. The factories in India have to operate under Indian laws, and the Indian workers have rights. If they don't like it, they can quit and walk out. The concentration camps/factories with unpaid slaves/prisoners in Xinjiang and Tibet have no workers rights. It's either work, or be tortured/killed.
In any case, Chinese companies are on their way out in India; it has already started.