China Economy: News & Discussion

fire starter

Senior Member
Joined
Jan 14, 2020
Messages
5,478
Likes
37,900
Country flag
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.
That's why these chongs are desperate to stop our growth by activating 2.5 front, most insecure people in the world whatever they do they are always going to lose at the end.
 

HariPrasad-1

Senior Member
Joined
Jan 7, 2016
Messages
7,296
Likes
13,262
Country flag
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?
It is an official acknowledgement by Chinese government Vs a question on Quora. Whole world knows that China is a liar country and nothing of China is reliable including economic data to covid Vaccine.
 

sunshine

Regular Member
Joined
Feb 9, 2021
Messages
305
Likes
449
Country flag
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.
''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.''
These data are all right, but it's strange that they all say half of truth.😂
Food prices rose by 1.2%, which is very low.Meat rose by 7%, pork by 50%, but chicken prices fell, beef and mutton prices remained unchanged, seafood and fish prices fell. It is strange to pick only those whose prices have gone up the most.

Vegetable prices rose in January, the data is also correct.But it's not same as in India where the temperature is high all year round China belongs to the temperate zone,The price of vegetables is three times higher in winter than in summer.Because all winter vegetables are grown in greenhouses, it is impossible to grow up naturally in nature.The temperature in the north is below zero.The annual the Spring Festival is in early February, so January is the most expensive month of the year.It happens every year, not just this year.

Finally, the rise in food prices has nothing to do with young people.Because most young people do not cook, they eat out.More than half of China's $650 billion in annual restaurant sales are young people. The catering industry pays for food.The menu in the restaurant will not change because of the rise or fall of food prices in winter or summer.
Fourth, the proportion of food in the daily consumption of Chinese people is very low.The average family spends about 800 yuan a month on buying food to cook.The fruit cost about 800 yuan.
The total amount of consumptiion will increase all the time, because people buy food few considering food prices now. Food prices have little effect on life.Food prices have little impact on life.Food prices have little impact on life, $10000 per capita instead of $3000.
World meat production.
World grain production.
World vegetable production.
World fruit production.
World seafood and fish production.

What the Chinese care about now is how to eat well.
China is far ahead of India in all production capacity, if China has a food crisis, what about India?
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
1,160
Likes
591
Country flag
It is an official acknowledgement by Chinese government Vs a question on Quora. Whole world knows that China is a liar country and nothing of China is reliable including economic data to covid Vaccine.
If you check the deficit of the trade between China and India, India failed to sell industrial finished products to China, which means Indian companies almost don't need any data from China for their business if they can't make money here.

But European and American banks and big companies need their investment and marketing plans based on China's macro economic data.

So i personally don't care about you believe or not.
 

HariPrasad-1

Senior Member
Joined
Jan 7, 2016
Messages
7,296
Likes
13,262
Country flag
If you check the deficit of the trade between China and India, India failed to sell industrial finished products to China, which means Indian companies almost don't need any data from China for their business if they can't make money here.

But European and American banks and big companies need their investment and marketing plans based on China's macro economic data.

So i personally don't care about you believe or not.

Which microeconomic data? Give reference.
 

skywatcher

Regular Member
Joined
Apr 25, 2020
Messages
551
Likes
234
Country flag
China topples US as EU’s top trade partner over 2020


The new data come as Brussels is trying to intensify its economic ties with Beijing by concluding an EU-China investment pact.

China was the EU's main trade partner in 2020, taking the top spot occupied until last year by the United States.

During global trade's annus horribilis, heavily impacted by the coronavirus pandemic, EU-China trade grew while imports and exports to the United States dramatically dropped compared with 2019, according to data by the EU's statistics office Eurostat published Monday.

In 2020, exports of EU goods to China increased by 2.2 percent and imports went up 5.6 percent, while EU trade with the rest of the world dramatically dropped (down 9.4 percent in term of exports, and down 11.6 percent in terms imports compared with 2019). The pandemic severely hit transatlantic trade, with exports of European goods to the U.S. falling by 8.2 percent year-on-year. Imports fell 13.2 percent.

As a result, the U.S. is no longer the bloc's top commercial partner and has been replaced by China. EU exports to China in 2020 amounted to €202.5 billion while imports reached €383.5 billion.

This new data come as Brussels is trying to intensify its economic ties with Beijing by concluding an EU-China investment pact. Eurostat estimates also show that EU trade started recovering during the second half of the year to the point that, in December 2020, exports of EU goods to the rest of the world as well as intra-EU trade were larger compared to the same month of the previous year.

During the global trade crisis, the bloc increased its trade surplus (€30.1 billion in 2020 compared with €22.1 billion).

This article is part of POLITICO’s premium policy service Pro Trade. From transatlantic trade wars to the UK’s future trading relationship with the EU and rest of the world, Pro Trade gives you the insight you need to plan your next move. Email [email protected] for a complimentary trial.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
1,160
Likes
591
Country flag
Which microeconomic data? Give reference.
The auto market is quite typical indication, it's a 99% private market and would reflect whether the mainstream/mid class "rich" or not.

China is like 5-6 times GDP than India, but the auto market is like 8 times than India by No. of vehicle sold, and if you count by price it's even 10 times higher.

China’s 2020 auto market is greater than the sum of Europe and the United States: EU’s auto sales in 2020 were 9.9 million, and the U.S. sold 14.5 million vehicles. China actually sold 25.3 million vehicles, which is greater than the sum of Europe and America’s 24.4 million vehicles!

The most important thing is that the Chinese car market is stable, while Europe and the United States have fallen, especially the EU car sales plummeted by 24%.

China has a population of 1.4 billion, and now the EU and the United States have a population of less than 800 million. It is estimated that it will be normal for the Chinese auto market to exceed the sum of Europe and the United States in a few years.


China's luxury car market is greater than the whole India's auto market.


Porsche announced the 2020 global sales data, with 272162 vehicles worldwide, 88968 vehicles in China, and 80892 vehicles in Europe



Mercedes-Benz announced 2020 global sales, 774,300 vehicles in China, 784,100 vehicles in Europe



Those foreign car makers are not stupid, if there is weak and shrinking high/mid class in China and economic/GDP is massively manipulated, they won't have confidence to invest new factory or aggressive marketing plan here. But as you can see, Telsa invested 1st oversea factory in Shanghai and now:

The electric car maker’s sales in China of $6.66 billion last year accounted for about a fifth, or 21% of the $31.54 billion total.
 

SexyChineseLady

Regular Member
Joined
Oct 3, 2016
Messages
663
Likes
303
Country flag
China's market is much bigger than the nominal GDP figures because the sales are often two times or more bigger in China than the US even for premium Western brands.


For Mercedes Benz in 2019:
China - 693,443
USA - 316,094
India - 13,786

For BMW:
China - 723,680
USA - 360,918
India - 9,641

If you are a multi-national corporation from the West, Korea or Japan, you have to plan on China being a much bigger actual consumer market than the US even though nominal GDP is 30% higher in the US.

But for India, even though it is around 10% of the US in nominal GDP, it's sales performance is much worse than that. For BMW and Mercedes, India's consumer market is less than 3% of the US. But China's is 200% of the US's!

China "cheats" by pretending its economy is smaller than it really is. lol
 

Tang

Regular Member
Joined
Jan 10, 2019
Messages
111
Likes
259
Country flag
The auto market is quite typical indication, it's a 99% private market and would reflect whether the mainstream/mid class "rich" or not.

China is like 5-6 times GDP than India, but the auto market is like 8 times than India by No. of vehicle sold, and if you count by price it's even 10 times higher.





China's luxury car market is greater than the whole India's auto market.


Porsche announced the 2020 global sales data, with 272162 vehicles worldwide, 88968 vehicles in China, and 80892 vehicles in Europe



Mercedes-Benz announced 2020 global sales, 774,300 vehicles in China, 784,100 vehicles in Europe



Those foreign car makers are not stupid, if there is weak and shrinking high/mid class in China and economic/GDP is massively manipulated, they won't have confidence to invest new factory or aggressive marketing plan here. But as you can see, Telsa invested 1st oversea factory in Shanghai and now:

The electric car maker’s sales in China of $6.66 billion last year accounted for about a fifth, or 21% of the $31.54 billion total.
All you guys, don't take into account that India's working population is 402 million and the Chinese working population is around ~ 800 million.

The Chinese population is older compared to India.
Usually, you buy these lux. cars in your 40s 50s etc.
There is no doubt Chinese market is huge.
But Indian market will also be roughly the same when its demographics get older.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
1,160
Likes
591
Country flag
All you guys, don't take into account that India's working population is 402 million and the Chinese working population is around ~ 800 million.

The Chinese population is older compared to India.
Usually, you buy these lux. cars in your 40s 50s etc.
There is no doubt Chinese market is huge.
But Indian market will also be roughly the same when its demographics get older.
As Chinese we are not showing off like “how rich we are”, for per capital we are still decades away from developed nations. I was debating with some unwise claim like:


It is an official acknowledgement by Chinese government Vs a question on Quora. Whole world knows that China is a liar country and nothing of China is reliable including economic data ...
I have been Indian forums for 15 yrs, and there were two old sayings:
1. Chinese GDP is higher than fact by manipulation of CCP
2. Chinese debt is a timing bomb.

Put the debt thing aside,

the current situation for Chinese GDP is central government lower it around 20-30% GDP on purpose, of course there are local officers manipulated higher for seeking the chance of promotion., but central government always adjusted.

The CCP wanna take less responsibilities on trade deals, WTO terms and keep low profile, central government like to be treated as poor developing country and gain more competitiveness.

China's PPP is 1st for almost 10 yrs but we never talked about it, just look how US treat us by trade/tech war if we claim GDP is the same level of it.

But micro economic indicators don't lie, the data of auto sales is the typical example, we have the sales volume equal to the sum of EU and US.

Of course, i don't care some of Indian members agree or not, India is not going to sell any finished products in short term anyway.
 

sunshine

Regular Member
Joined
Feb 9, 2021
Messages
305
Likes
449
Country flag
You can kill a commie tech giant.


This is called diversification. :rofl:

It looks like the BBC has become a regular YouTube host. It don't understand why Huawei wants to enter the pig market at all.
China's pig market and related industries are worth $700 billion a year.Over the world's cell phone markets. Alibaba, Jingdong, Ma Yun, Netease and other technology industries are now entering the pig industry.Because the Chinese cell phone is saturated, sales will not increase any more.However, the pig industry is still growing rapidly, and the original small household operation has changed into a large-scale pig raising model.
Jingdong Group has developed pig face recognition.Ma Yun's Alibaba has also developed AI pig raising.Huawei announced that it would apply 5G technology to pig farms. They all want to have a grip on this $700 billion market.
I wonder what the BBC is laughing at?
AI ,Automation ,5G and safe agriculture will be the one direction of CHINA future development. Without a new industrial direction, how can the economy develop
 

Nicky G

Senior Member
Joined
Nov 24, 2014
Messages
3,790
Likes
11,590
Country flag
It looks like the BBC has become a regular YouTube host. It don't understand why Huawei wants to enter the pig market at all.
China's pig market and related industries are worth $700 billion a year.Over the world's cell phone markets. Alibaba, Jingdong, Ma Yun, Netease and other technology industries are now entering the pig industry.Because the Chinese cell phone is saturated, sales will not increase any more.However, the pig industry is still growing rapidly, and the original small household operation has changed into a large-scale pig raising model.
Jingdong Group has developed pig face recognition.Ma Yun's Alibaba has also developed AI pig raising.Huawei announced that it would apply 5G technology to pig farms. They all want to have a grip on this $700 billion market.
I wonder what the BBC is laughing at?
AI ,Automation ,5G and safe agriculture will be the one direction of CHINA future development. Without a new industrial direction, how can the economy develop
Chill, dude. Obviously, companies will invest where there is an opportunity.

They are laughing at the choice of sector. Do include your Porki brethren in this profitable endeavour.
 

sunshine

Regular Member
Joined
Feb 9, 2021
Messages
305
Likes
449
Country flag
Chill, dude. Obviously, companies will invest where there is an opportunity.

They are laughing at the choice of sector. Do include your Porki brethren in this profitable endeavour.
Huawei's main business is not mobile phones, and Huawei's main business is 5G. Huawei has only been in cell phone for a short time. What is 5G? It is not only an advanced technology or mobile phone, but also the application of all AREAS, That is to say, the technology is completely commercialized. Advanced agriculture is one of the main targets of 5G commercialization. The United States is hindered by traditional interest groups in various fields such as mobile payment.So China's 5G FULL commercialization will go ahead of the United States.
Top Fish Producing Countries, 1950 to 2018
For example, seafood farming factory,Ninety percent of China's seafood comes from marine farming rather than marine fishing. Automated ocean ranching,That's why China produces more than half of the world's seafood.
 

HariPrasad-1

Senior Member
Joined
Jan 7, 2016
Messages
7,296
Likes
13,262
Country flag
You can kill a commie tech giant.


This is called diversification. :rofl:

After all, they are turning back to the their traditional business in which Chinese has an edge. Pig farming will suite them more.

Reliance has developed 5 G Technology and we can hope that they will outclass Hawaii and emerged as a better cost effective substitute.
 

SexyChineseLady

Regular Member
Joined
Oct 3, 2016
Messages
663
Likes
303
Country flag
China has the fastest growing major economy, surging exports and powerfully strengthening currency!

Usually an ascending currency weakens exports but China right now has BOTH!

China is having cake and eating it too!

https://www.bloomberg.com/news/arti...al-catapults-yuan-to-the-global-fx-big-league


Markets
China’s Yield Appeal Catapults Yuan to Global FX Big League
By
Susanne Barton
and
Robert Fullem
February 21, 2021, 3:00 PM EST
Updated on February 21, 2021, 7:49 PM EST
  • Trading volumes jump as capital flows into nation’s markets
  • Broader adoption requires open capital account, traders say

Sign up for Next China, a weekly email on where the nation stands now and where it's going next.


The Chinese renminbi’s accelerating transformation from a sleepy backwater of the foreign-exchange market into a currency fit to rival global peers has traders setting aside concerns about how much further it can go without reform and buying into its ascent.


In London -- the world’s center of foreign exchange -- there’s more yuan changing hands than ever before. Options on the Chinese currency exceed those referencing the Japanese yen, and buying or selling the yuan is now as cheap as trading the British pound. Against this backdrop, there are signs the renminbi is playing an increasingly larger role in influencing broad dollar moves, according to Wells Fargo & Co.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
1,160
Likes
591
Country flag
After all, they are turning back to the their traditional business in which Chinese has an edge. Pig farming will suite them more.

Reliance has developed 5 G Technology and we can hope that they will outclass Hawaii and emerged as a better cost effective substitute.
ICT would empower many traditional industries, Huawei's 5G tech + Benz there will be lots of imaginations.

Huawei HMS for Car quick applications will launch with Mercedes Benz 2021 S Class


0222142421.jpg


PS. China is the biggest market for M.Benz, and M.Benz's 10% share is owned by Geely group...
And Geely group also owned 100% of Smart, and 100% share of Volvo Cars.
 
Last edited:

HariPrasad-1

Senior Member
Joined
Jan 7, 2016
Messages
7,296
Likes
13,262
Country flag
ICT would empower many traditional industries, Huawei's 5G tech + Benz there will be lots of imaginations.

Huawei HMS for Car quick applications will launch with Mercedes Benz 2021 S Class


View attachment 79298

PS. China is the biggest market for M.Benz, and M.Benz's 10% share is owned by Geely group...
And Geely group also owned 100% of Smart, and 100% share of Volvo Cars.
I agree that it will happen but basically the down trend of Chinese companies have started. If India has banned it means 1/6th of humanity has banned it. US US takes action, It is world's most powerful nation has taken action against Chinese companies. Add its NATO allies to the same. What is left thereafter?
 

HariPrasad-1

Senior Member
Joined
Jan 7, 2016
Messages
7,296
Likes
13,262
Country flag
China's market is much bigger than the nominal GDP figures because the sales are often two times or more bigger in China than the US even for premium Western brands.


For Mercedes Benz in 2019:
China - 693,443
USA - 316,094
India - 13,786

For BMW:
China - 723,680
USA - 360,918
India - 9,641

If you are a multi-national corporation from the West, Korea or Japan, you have to plan on China being a much bigger actual consumer market than the US even though nominal GDP is 30% higher in the US.

But for India, even though it is around 10% of the US in nominal GDP, it's sales performance is much worse than that. For BMW and Mercedes, India's consumer market is less than 3% of the US. But China's is 200% of the US's!

China "cheats" by pretending its economy is smaller than it really is. lol
Why Cherry pick Mercedes Benz only? There are many other companies who too sales the car.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
1,160
Likes
591
Country flag
I agree that it will happen but basically the down trend of Chinese companies have started.
According to the searchs from EU, US and China, 80% of 5G applicaitons will happen in enterprise and government sides, when you see more and more companies coming to agriculture, automobile and pig, cow feeding, it means the 5G is in real shit now.

If you check the stock value of Chinese ICT, Internet, EV companies, the value is times higher within one yr, and Chinese mobile makers are gaining 77% share of India despite Galwan conflict, it's very hard to say they are in down trend.


US US takes action, It is world's most powerful nation has taken action against Chinese companies. Add its NATO allies to the same. What is left thereafter?
If you check China's export/import data of 2020, China's trade surfplus to US is still increasing, some US officers admitted they lost trade war against China.

The tricky thing is, when US government release ban on some key techs to China, those US owned companies quickly gained the permissions to supply China again, but other nations' didn't, it now becomes a weapon on business world.

This quite pissed off the EU, and they are investing non-US supply chain to do business with China:

Altmaier estimated that companies would contribute between 60% and 80% of the overall investments, with state subsidies from EU member states ranging between 20% and 40%.


Of course, Huawei would lose like $100 billion income in 5 yrs according to prediction, but after those 5-year tough time, government will finished the localization of key tech supply chain on Chip. Just like how central government did on EV industry 10 yrs ago.

The positive side is, those hot money in China won't invest on real estate to make bigger bubbles, large part of those money are coming to those local Chip R&D and manufacture companies. Market value of those enterprises grows 2-5 times since the trade war begen ...
 
Last edited:

Global Defence

New threads

Articles

Top