China Economy: News & Discussion

SanjeevM

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BREAKING : Apple Increasing Production of iPad And iPhone Out of China in Vietnam And India

#Apple #iPad #iPhone #Vietnam #India #BreakingNews
 

rockdog

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Apple and China: A Mutually Beneficial Relationship

In 2019, around 46% of Apple's suppliers were Chinese companies or China-based factories. Not only do Chinese firms rely on Apple's sizable orders, but Apple also sees benefits from the country’s high cost-efficiency and growing innovation.



In the higher-valued components segment, China's Ofilm (002456:SH), which earlier acquired SONY's (SNE:NYSE) Chinese subsidiary Sony Electronics Huanan, is the supplier of camera models for iPhones and iPads. TechInsight reported that Apple's 2019 flagship iPhone 11 series are all built with SONY camera modules. Ofilm can be reasonably considered the Chinese representative of the Japanese company.


Another costly component of Apple products – display panels – also depends on Chinese firms as key suppliers. BOE Technology (000725:SH), as the supplier of one of Apple's strongest rivals (Huawei) is also paid by Apple as a supplier to restrict Samsung's (005930:KR) monopoly in Amoled display supply. Though the Amoled market is still largely occupied by the Korean company with around 80% of the total, BOE could expand and conduct better R&D with Apple's large volume of orders. Besides BOE, Ofilm and BIEL Crystal also stand in the high cost segment with glass lens offerings.









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rockdog

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China Emerges as World’s Biggest Consumer Market for Real Goods


Official data indicates that China has emerged as the world’s biggest consumer market when it comes to physical goods.


In 2019 the total volume of consumer good retail sales in China was 41.2 trillion yuan (approx. USD$6.3 trillion), making it the world’s biggest consumer market for physical goods, according to data from the Chinese Academy of Social Sciences (CASS).


CASS data further indicates that end consumption expenditures made a contribution of around 60% to China’s economic growth.


Chen Guangjin (陈光金), head of the Social Sciences Research Institute of CASS, said that the structure of urban and rural household consumption continued to improve during the 13th Five Year Plan (2016 – 2020), with the Engel coefficient – the proportion of income spent on food, declining from 30.6% in 2015 to 28.2% in 2019.


During the first three quarters of 2020 total consumer good retail sales totalled 27.3324 trillion yuan, for a 7.2% YoY decline as a result of the impacts of the COVID-19 pandemic.


The figure nonetheless marked a narrowing of 4.2 percentage points compared to the decline for the first half of 2020, with the third quarter posting a positive gain.
 

rockdog

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Apple sees revenue growth accelerating after setting record for iPhone sales, China strength

Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57% rise in China sales.

 

rockdog

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The GDP of Guangdong is richer than Russia and South Korea!The largest province in China’s economy for 32 consecutive years | Blog Post

fter the New Year, the GDP figures of various parts of China were released. Guangdong Province’s GDP in 2020 was 11.1 trillion yuan, a year-on-year increase of 2.3%, ranking first in the country for 32 consecutive years.


Guangdong is a rich and adversary country. Its economic aggregate surpasses more than 90% of the countries in the world, surpasses Russia and South Korea, and far surpasses Spain, Australia, the Netherlands and other countries. Right after Canada.

GDP comparison of Guangdong and other countries in the world.National Economics Picture

Calculated based on the 6.8974 average central parity rate of the RMB exchange rate in 2020, Guangdong’s GDP in 2020 is approximately US$1.61 trillion. According to the latest exchange rate in 2021, Guangdong’s GDP is approximately US$1.71 trillion.


In 2019, Canada’s GDP was US$1.73 trillion, Russia’s GDP was US$1.69 trillion, and South Korea’s GDP was US$1.64 trillion.


The GDP of European and American countries in 2020 has not yet been announced, but these countries generally have negative growth. Russia’s GDP is expected to fall by more than 4%, and with exchange rate changes, there is a high probability that it will fall to US$1.6 trillion.
 

HariPrasad-1

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The GDP of Guangdong is richer than Russia and South Korea!The largest province in China’s economy for 32 consecutive years | Blog Post

fter the New Year, the GDP figures of various parts of China were released. Guangdong Province’s GDP in 2020 was 11.1 trillion yuan, a year-on-year increase of 2.3%, ranking first in the country for 32 consecutive years.


Guangdong is a rich and adversary country. Its economic aggregate surpasses more than 90% of the countries in the world, surpasses Russia and South Korea, and far surpasses Spain, Australia, the Netherlands and other countries. Right after Canada.

GDP comparison of Guangdong and other countries in the world.National Economics Picture

Calculated based on the 6.8974 average central parity rate of the RMB exchange rate in 2020, Guangdong’s GDP in 2020 is approximately US$1.61 trillion. According to the latest exchange rate in 2021, Guangdong’s GDP is approximately US$1.71 trillion.


In 2019, Canada’s GDP was US$1.73 trillion, Russia’s GDP was US$1.69 trillion, and South Korea’s GDP was US$1.64 trillion.


The GDP of European and American countries in 2020 has not yet been announced, but these countries generally have negative growth. Russia’s GDP is expected to fall by more than 4%, and with exchange rate changes, there is a high probability that it will fall to US$1.6 trillion.

China has many great ways and tools to Boost GDP which obviously the other countries in the world do not have.


Local governments inflated China’s GDP by $900 billion last year—and that’s not going to stop soon
A man rests in a truck next to a steel factory in Beijing April 1, 2013. Stronger domestic demand helped China's factory activity to rebound in March, with new orders up sharply in a sign that the underlying economic recovery is strong enough to weather any risks from patchy export performance, surveys showed on Monday. REUTERS/Kim Kyung-Hoon

REUTERS/KIM KYUNG-HOON
He’s producing a lot more on paper.
FROM OUR OBSESSION
China’s Transition

  • Gwynn Guilford
By Gwynn Guilford
Reporter
BeijingJuly 11, 2013This article is more than 2 years old.
Chinese president Xi Jinping recently said that the government would stop tying promotions of local government officials to GDP performance alone. This is important because local leaders under pressure to produce high economic output are much more prone to spending wastefully and in ways that harm the environment.
Although this was hailed as a big breakthrough when Xi made the pronouncement, the last government made similar promises. Here’s a look at how effective those were:

Local governments reported a combined $9.4 trillion in economic output in 2012—11.1% higher than the central government’s final GDP calculation. And their noses have only gotten longer in recent years. Back in 2009, local government GDP inflation was only 8.0% higher than the $5.5 trillion the central government reported.
This isn’t just bureaucratic farce (though it is that too). Layers of inflated economic growth from the local level could be understating how sharp China’s slowdown actually is. National Business Daily reports that when the National Bureau of Statistics began doing spot-checks on industrial companies in Zhongshan, a city in Guangdong, it found that the local government reported a combined 85 billion yuan in output for 71 of its companies, just a bit higher than the 2.2 billion yuan they actually generated (link in Chinese). It’s hard to believe the central government statisticians would be able to filter out such an extreme degree of exaggeration when totting up their own GDP calculations. Distortions like that could be misleading central government economic planners, and as the recent interbank loan spikes hinted, that can lead to big policy missteps.
All things considered, though, inflating data is probably the least harmful outcomes of the Chinese Communist Party’s emphasis on GDP performance. In fact, it’s a lot better than relying on credit to stimulate the economy.
Unfortunately, just because Xi hints it’s safe for local officials to come clean about lousy economic output doesn’t mean they will—or that they’ll cut back on their credit habit.
Many poorer provinces don’t have a lot of options at their disposal. Particularly in the central provinces, foreign investment and domestic consumption simply aren’t enough to buoy growth (link in Chinese). As a provincial deputy governor told NBD about the need for local government to keep investing, “The central government sets the target at 7-8%, and since we’re not a province with a strong economy, our target has to exceed 10%. And with the not-so-great economic situation, surpassing that target is now more urgent.”
Even if the central government catches all that fibbing, it’s counting the credit-bingeing. That’s a good thing to keep in mind on July 15, when China announces its Q2 GDP.


 

rockdog

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China has many great ways and tools to Boost GDP which obviously the other countries in the world do not have.


Local governments inflated China’s GDP by $900 billion last year—and that’s not going to stop soon
A man rests in a truck next to a steel factory in Beijing April 1, 2013. Stronger domestic demand helped China's factory activity to rebound in March, with new orders up sharply in a sign that the underlying economic recovery is strong enough to weather any risks from patchy export performance, surveys showed on Monday. REUTERS/Kim Kyung-Hoon's factory activity to rebound in March, with new orders up sharply in a sign that the underlying economic recovery is strong enough to weather any risks from patchy export performance, surveys showed on Monday. REUTERS/Kim Kyung-Hoon

REUTERS/KIM KYUNG-HOON
He’s producing a lot more on paper.
FROM OUR OBSESSION
China’s Transition

  • Gwynn Guilford
By Gwynn Guilford
Reporter
BeijingJuly 11, 2013This article is more than 2 years old.
Chinese president Xi Jinping recently said that the government would stop tying promotions of local government officials to GDP performance alone. This is important because local leaders under pressure to produce high economic output are much more prone to spending wastefully and in ways that harm the environment.
Although this was hailed as a big breakthrough when Xi made the pronouncement, the last government made similar promises. Here’s a look at how effective those were:

Local governments reported a combined $9.4 trillion in economic output in 2012—11.1% higher than the central government’s final GDP calculation. And their noses have only gotten longer in recent years. Back in 2009, local government GDP inflation was only 8.0% higher than the $5.5 trillion the central government reported.
This isn’t just bureaucratic farce (though it is that too). Layers of inflated economic growth from the local level could be understating how sharp China’s slowdown actually is. National Business Daily reports that when the National Bureau of Statistics began doing spot-checks on industrial companies in Zhongshan, a city in Guangdong, it found that the local government reported a combined 85 billion yuan in output for 71 of its companies, just a bit higher than the 2.2 billion yuan they actually generated (link in Chinese). It’s hard to believe the central government statisticians would be able to filter out such an extreme degree of exaggeration when totting up their own GDP calculations. Distortions like that could be misleading central government economic planners, and as the recent interbank loan spikes hinted, that can lead to big policy missteps.
All things considered, though, inflating data is probably the least harmful outcomes of the Chinese Communist Party’s emphasis on GDP performance. In fact, it’s a lot better than relying on credit to stimulate the economy.
Unfortunately, just because Xi hints it’s safe for local officials to come clean about lousy economic output doesn’t mean they will—or that they’ll cut back on their credit habit.
Many poorer provinces don’t have a lot of options at their disposal. Particularly in the central provinces, foreign investment and domestic consumption simply aren’t enough to buoy growth (link in Chinese). As a provincial deputy governor told NBD about the need for local government to keep investing, “The central government sets the target at 7-8%, and since we’re not a province with a strong economy, our target has to exceed 10%. And with the not-so-great economic situation, surpassing that target is now more urgent.”
Even if the central government catches all that fibbing, it’s counting the credit-bingeing. That’s a good thing to keep in mind on July 15, when China announces its Q2 GDP.


The central government has a vertical team for statistics ., it normally revised those overestimated data by local government.


I always like use Car Sales and Luxuries as indicators of real GDP... This market is the biggest equal to EU+USA. This represent strong mid class with enough income and confidence to consume.

As Luxury Markets in the West Contract, the Chinese Sector Is Expected to Grow by 30% This Year


China’s luxury vehicle sales in the first 11 months exceeded 3 million units, a year-on-year increase of 9.3 percent, according to data from the China Automobile Dealers Association.



I personally think China is underestiamte the GDP, while India is overstated.

India Has Been Accused of Overstating Its Growth Statistics

Is China's GDP overestimated or underestimated?
 
Last edited:

SexyChineseLady

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China also spends more money traveling and buying stuff than anyone else in the world!


China also watches a lot of movies. It was the biggest global market last year!

So a lot of discretionary income!
 

HariPrasad-1

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The central government has a vertical team for statistics ., it normally revised those overestimated data by local government.


I always like use Car Sales and Luxuries as indicators of real GDP... This market is the biggest equal to EU+USA. This represent strong mid class with enough income and confidence to consume.

As Luxury Markets in the West Contract, the Chinese Sector Is Expected to Grow by 30% This Year


China’s luxury vehicle sales in the first 11 months exceeded 3 million units, a year-on-year increase of 9.3 percent, according to data from the China Automobile Dealers Association.



I personally think China is underestiamte the GDP, while India is overstated.

India Has Been Accused of Overstating Its Growth Statistics

Is China's GDP overestimated or underestimated?
Yet the article says that it is unlikely to stop in near future. Manipulation, stealing etc is a national trait of China and Chinese.
 

SexyChineseLady

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I think China "cheats" by downplaying its economy to avoid setting off alarm (from white people who always need to be number one!)

China makes and uses more steel than the rest of the world combined!

It also uses half the world's cement!

Any country that is using up half the world's steel and cement is a much bigger economy than $15T since the world is $88T!

They are producing and buying even more things than people can imagine!
 
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SanjeevM

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BREAKING : Shipping Companies Refusing To Book Shipments Of Sea Food And other Perishable Items to China

#HypocriteChina #DisruptionInSupplyChain #ReeferContainers #ChinaHoldsWorldHostage #BreakingNews

 

SanjeevM

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BREAKING : Philippine Cancelled Award For China Communications' $10 billion Sangley Airport Deal : Avoided Debt Trap Diplomacy

#ChineseDebtTrapDiplomacy #Philippines #SangleyAirport #BreakingNews

 

rockdog

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From Lightbulbs to 5G, China Battles West for Control of Vital Technology Standards


Nearly every product in American homes, from lightbulbs to couches, windows and Wi-Fi routers, conforms to standards and measurements of a global system established to ensure quality and seamless operation.


Industrial standards, created by the U.S. and its allies over decades, form an invisible matrix of rules that underpin the global marketplace. Mundane though it may sound, this uniformity is critical to international trade in how it guarantees that bolts, USB plugs and shipping containers can all be used interchangeably world-wide. The standards reflect the consensus of international panels long dominated by Western technical experts.


China now wants to take the lead in fields of the future. To the consternation of many Western countries, Beijing is employing state funding and political influence to try to define the norms for all manner of cutting-edge technologies that span telecommunications, electricity transmission and artificial intelligence.


“Dominance of technical standards underpinning information and communications technologies and other emerging fields is integral to Beijing’s ambitions,” said Congress’s U.S.-China Economic and Security Review Commission in its annual report in December.
 

indus

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Corruption in chinese construction
 

sunshine

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Corruption in chinese construction
From China Uncensored in YouTube,Just play for fun, and Don't care too much.It is a special anti-China, mostly false news, or a dot to represent the whole.
 

sorcerer

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Chinese youth voice their anger at govt as inflation, inequality soars: Report


According to E-House Real Estate Research Institute, China's housing price-to-income reached a 20-year high of 9.2 last year, which means that the average house price is over nine times the average income per household. This is happening despite repeated assurances from authorities that they would stabilise a price boom that started in 2008.

On the other hand, food prices had risen 1.2 per cent last year, with the cost of fresh meat increasing 7.1 per cent and the price of pork up 49.7 per cent, according to the National Bureau of Statistics (NBS).

Vegetable prices also rose dramatically in January, with green peppers, wax gourd and cabbage increasing by more than 30 per cent, informed the Ministry of Agriculture.

Meanwhile, public anger intensified on social media when central bank vice-governor Chen Yulu said that inflation is likely to see a "moderate growth" this year, wrote Zhou for SCMP.

"Moderate growth? So we are the boiled frogs, and you just keep heating!" said one person on Weibo.

 

HariPrasad-1

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BREAKING : Apple Increasing Production of iPad And iPhone Out of China in Vietnam And India

#Apple #iPad #iPhone #Vietnam #India #BreakingNews

The best way to hit dragon hard is to take away all the business from Paper Dragon. In current situation when china is getting more and more unpopular, we have a great chance to emerge as a substitute of China. We should be proactive and come out with a comprehensive investment friendly policy help big companies to shift their production to India. India is a great innovation hub. All the companies who wants to Invest in India will not only get manufacturing, cheap labor advantage but get a huge skilled manpower for product development and innovation.
 

HariPrasad-1

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Chinese youth voice their anger at govt as inflation, inequality soars: Report


According to E-House Real Estate Research Institute, China's housing price-to-income reached a 20-year high of 9.2 last year, which means that the average house price is over nine times the average income per household. This is happening despite repeated assurances from authorities that they would stabilise a price boom that started in 2008.

On the other hand, food prices had risen 1.2 per cent last year, with the cost of fresh meat increasing 7.1 per cent and the price of pork up 49.7 per cent, according to the National Bureau of Statistics (NBS).

Vegetable prices also rose dramatically in January, with green peppers, wax gourd and cabbage increasing by more than 30 per cent, informed the Ministry of Agriculture.

Meanwhile, public anger intensified on social media when central bank vice-governor Chen Yulu said that inflation is likely to see a "moderate growth" this year, wrote Zhou for SCMP.

"Moderate growth? So we are the boiled frogs, and you just keep heating!" said one person on Weibo.

When India is creating new records in agriculture production, china and many other countries are facing food crisis. Interest development. Our development is all round. We are producing more fruits, more vegetable and more food grains and spices. Other countries are facing food problem. Your basics should be right first of all.
 

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