China Economy: News & Discussion

[Haldilal]

Ya'll Nibbiars 30% of the Global Cyberattacks have Origin in China.

 

[IndianHawk]

Will China grow old before it grows rich?

While internal migration has boosted development in parts of China, it cannot change the facts of low fertility and population ageing. If the fertility decline cannot be reversed, China must turn to technological innovation and other adaptations, and set a realistic population policy

www.scmp.com

Chinese elderly dependency ratio is already out of control it's now clearly dependent on foreign migration for further economic growth.

China has lost the demographic battle thanks to stupidity of CCP. One of greatest act of stupidity a nation has ever done.

 

[sunshine]

China’s exports surging 50% on strong overseas demand: customs - Global Times

www.globaltimes.cn

China’s exports surging 50% on strong overseas demand: customs
By Global Times
Published: Mar 07, 2021 12:18 PM

Amid a strong recovery in the domestic economy and strong demand from the overseas market, China posted a 50.1 percent year-on-year growth in its exports during the first two months of 2021, China's General Administration of Customs said on Sunday.

Exports reached 3.06 trillion yuan ($472 billion) during the January-February period, while imports also rose by 14.5 percent from last year's level to reach 2.38 trillion yuan, according to GAC data which was released on Sunday.

The trade surplus for the two months reached 675.86 billion yuan（104billion $）, compared with a deficit of 43.3 billion yuan for the same period last year.

Recovering markets in the EU and the US drove China's export rise, continuing the trend of rapid growth witnessed since June last year, with exports headed for Europe, the US and Japan increasing 59.2 percent year-on-year, GAC said.

Meanwhile, the "stay-put" policy implemented in Chinese localities during the Spring Festival period means factories were able to deliver orders uninterrupted by the long holiday.

A stable recovery on the domestic front helped boosted imports, with the import volumes of integrated circuits, iron ore and crude oil increasing by 36 percent, 2.8 percent and 4.1 percent respectively during the first two months.

The GAC said the exceptionally high trade figures are partly due to the low base from the first two months of 2020, when China's foreign trade was decimated by the outbreak of the COVID-19 pandemic, but the agency said even compared with data from 2018 and 2019, the 2021 foreign trade growth in January and February remains at more than 20 percent.

The GAC said more Chinese exporters are expressing bullish views on the prospect of exports in the next two to three months, but at the same time warned that uncertainty remains for foreign trade given the pandemic situation.

ASEAN was China's largest trading partner in the first two months of this year, with China's trade with ASEAN members up 32.9 percent to hit 786 billion yuan, accounting for 14.4 percent of China's overall trade in the two months.

China-US trade got off to a good start in 2021, with bilateral trade rising 69.6 percent to 716.4 billion yuan in the period. The US is now China's third biggest trading partner after ASEAN and EU.

 

[rockdog]

China’s exports surging 50% on strong overseas demand: customs - Global Times

www.globaltimes.cn

China’s exports surging 50% on strong overseas demand: customs
By Global Times
Published: Mar 07, 2021 12:18 PM

Amid a strong recovery in the domestic economy and strong demand from the overseas market, China posted a 50.1 percent year-on-year growth in its exports during the first two months of 2021, China's General Administration of Customs said on Sunday.

Exports reached 3.06 trillion yuan ($472 billion) during the January-February period, while imports also rose by 14.5 percent from last year's level to reach 2.38 trillion yuan, according to GAC data which was released on Sunday.

The trade surplus for the two months reached 675.86 billion yuan（104billion $）, compared with a deficit of 43.3 billion yuan for the same period last year.

Recovering markets in the EU and the US drove China's export rise, continuing the trend of rapid growth witnessed since June last year, with exports headed for Europe, the US and Japan increasing 59.2 percent year-on-year, GAC said.

Meanwhile, the "stay-put" policy implemented in Chinese localities during the Spring Festival period means factories were able to deliver orders uninterrupted by the long holiday.

A stable recovery on the domestic front helped boosted imports, with the import volumes of integrated circuits, iron ore and crude oil increasing by 36 percent, 2.8 percent and 4.1 percent respectively during the first two months.

The GAC said the exceptionally high trade figures are partly due to the low base from the first two months of 2020, when China's foreign trade was decimated by the outbreak of the COVID-19 pandemic, but the agency said even compared with data from 2018 and 2019, the 2021 foreign trade growth in January and February remains at more than 20 percent.

The GAC said more Chinese exporters are expressing bullish views on the prospect of exports in the next two to three months, but at the same time warned that uncertainty remains for foreign trade given the pandemic situation.

ASEAN was China's largest trading partner in the first two months of this year, with China's trade with ASEAN members up 32.9 percent to hit 786 billion yuan, accounting for 14.4 percent of China's overall trade in the two months.

China-US trade got off to a good start in 2021, with bilateral trade rising 69.6 percent to 716.4 billion yuan in the period. The US is now China's third biggest trading partner after ASEAN and EU.

China’s exports surging 50% on strong overseas demand: customs - Global Times

www.globaltimes.cn

China’s exports surging 50% on strong overseas demand: customs
By Global Times
Published: Mar 07, 2021 12:18 PM

Amid a strong recovery in the domestic economy and strong demand from the overseas market, China posted a 50.1 percent year-on-year growth in its exports during the first two months of 2021, China's General Administration of Customs said on Sunday.

Exports reached 3.06 trillion yuan ($472 billion) during the January-February period, while imports also rose by 14.5 percent from last year's level to reach 2.38 trillion yuan, according to GAC data which was released on Sunday.

The trade surplus for the two months reached 675.86 billion yuan（104billion $）, compared with a deficit of 43.3 billion yuan for the same period last year.

Recovering markets in the EU and the US drove China's export rise, continuing the trend of rapid growth witnessed since June last year, with exports headed for Europe, the US and Japan increasing 59.2 percent year-on-year, GAC said.

Meanwhile, the "stay-put" policy implemented in Chinese localities during the Spring Festival period means factories were able to deliver orders uninterrupted by the long holiday.

A stable recovery on the domestic front helped boosted imports, with the import volumes of integrated circuits, iron ore and crude oil increasing by 36 percent, 2.8 percent and 4.1 percent respectively during the first two months.

The GAC said the exceptionally high trade figures are partly due to the low base from the first two months of 2020, when China's foreign trade was decimated by the outbreak of the COVID-19 pandemic, but the agency said even compared with data from 2018 and 2019, the 2021 foreign trade growth in January and February remains at more than 20 percent.

The GAC said more Chinese exporters are expressing bullish views on the prospect of exports in the next two to three months, but at the same time warned that uncertainty remains for foreign trade given the pandemic situation.

ASEAN was China's largest trading partner in the first two months of this year, with China's trade with ASEAN members up 32.9 percent to hit 786 billion yuan, accounting for 14.4 percent of China's overall trade in the two months.

China-US trade got off to a good start in 2021, with bilateral trade rising 69.6 percent to 716.4 billion yuan in the period. The US is now China's third biggest trading partner after ASEAN and EU.

Yes, there are multiple news about the sharp increase of the export of first two months:

In terms of U.S. dollars, in the first two months, my country’s total import and export value was 834.49 billion U.S. dollars, an increase of 41.2%. Among them, exports were 468.87 billion U.S. dollars, an increase of 60.6%; imports were 365.62 billion U.S. dollars, an increase of 22.2%; the trade surplus was 103.25 billion U.S. dollars, and the deficit was 7.21 billion U.S. dollars in the same period last year. In RMB terms, in the first two months of this year, country's total import and export value of goods trade was 5.44 trillion yuan, an increase of 32.2% over the same period last year. Among them, exports were 3.06 trillion yuan, an increase of 50.1%; imports were 2.38 trillion yuan, an increase of 14.5%.

 

[Haldilal]

美国是最大的加速主义国家。它们出现在许多战场上，包括阿富汗，以色列和其他国家。

you should have posted this on other thread not here.

 

[Haldilal]

Ya'll NibbiarsChina is the big price driver because they import so much oil, and recently China has been on a buying spree, increasing Oil Stockpile to 100 - 120 days. China is the most vulnerable to a Middle East oil price shock.

 

[rockdog]

China is the most vulnerable to a Middle East oil price shock.

I think we are on the same level of dependency:

Indian on 2019:

From April to November last year (2019), India imported 177.5 million metric tonnes of crude oil and petroleum products – or 84.7 percent of its consumption – worth $81bn, the latest government data shows.

Is it time for India to reduce its reliance on imported oil?

The recent spike in oil prices and a surge in inflation show how exposed India is to imported energy, analysts say.

www.aljazeera.com

China on 2019:

These investments have already achieved reversing falling domestic oil production. According to the U.S. Energy Information Administration (EIA), the production of petroleum and other liquids in China has increased to 4.9 million barrels per day (mbpd). Despite the increase, foreign oil dependency has reached 70 percent and the number is expected to grow.

China’s Energy Dependence To Grow Despite Major Oil Discoveries | OilPrice.com

Despite China’s oil and gas exploration successes, the country remains highly dependent on foreign crude for its ever increasing fuel needs

oilprice.com

 

[Haldilal]

I think we are on the same level of dependency:

Indian on 2019:

From April to November last year (2019), India imported 177.5 million metric tonnes of crude oil and petroleum products – or 84.7 percent of its consumption – worth $81bn, the latest government data shows.

Is it time for India to reduce its reliance on imported oil?

The recent spike in oil prices and a surge in inflation show how exposed India is to imported energy, analysts say.

www.aljazeera.com

China on 2019:

These investments have already achieved reversing falling domestic oil production. According to the U.S. Energy Information Administration (EIA), the production of petroleum and other liquids in China has increased to 4.9 million barrels per day (mbpd). Despite the increase, foreign oil dependency has reached 70 percent and the number is expected to grow.

China’s Energy Dependence To Grow Despite Major Oil Discoveries | OilPrice.com

Despite China’s oil and gas exploration successes, the country remains highly dependent on foreign crude for its ever increasing fuel needs

oilprice.com

Ya'll Nibbiars I am talking about numbers.

 

[sunshine]

美国是最大的加速主义国家。它们出现在许多战场上，包括阿富汗，以色列和其他国家。

Is this translated by Google?加速主义This word is not in Chinese and has no meaning.

 

[Haldilal]

Is this translated by Google?加速主义This word is not in Chinese and has no meaning.

Ya'll Nibbiqrs First I baffled. did I saw it wrong way or my eyes are seeing thing's.

 

[HariPrasad-1]

Will China grow old before it grows rich?

While internal migration has boosted development in parts of China, it cannot change the facts of low fertility and population ageing. If the fertility decline cannot be reversed, China must turn to technological innovation and other adaptations, and set a realistic population policy

www.scmp.com

Chinese elderly dependency ratio is already out of control it's now clearly dependent on foreign migration for further economic growth.

China has lost the demographic battle thanks to stupidity of CCP. One of greatest act of stupidity a nation has ever done.

When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.

 

[rockdog]

When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.

Around 2004-2006, when i firstly paid attension on Indian forums, there were huge blow up about "India 2.0", "India as work office will surpass China as world sweatshop", “demographic dividend makes India win” ...

15 years passed, none of them happened, yes nobody knows the future but sometimes looking back is also a intresting thing.

 

[IndianHawk]

Around 2004-2006, when i firstly paid attension on Indian forums, there were huge blow up about "India 2.0", "India as work office will surpass China as world sweatshop", “demographic dividend makes India win” ...

15 years passed, none of them happened, yes nobody knows the future but sometimes looking back is also a intresting thing.

Eh India is growing as fast as china on a similar growth curve. And will clearly overtake China according to every single economic institutions out there which also include chinese economist.

Chinese demography is doomed . It's a fact we know now no need to look into future for it. Chinese govt policies to remedy this scream to the world how dire the situation is.

 

[Haldilal]

Nibbiars looks like Soho China would be sold to Hillhouse. This would probably the largest recent buyout in the Commercial real estate in China valued at 5 Billion Dollars. 2 billion cash and taking 3 billion dollars debt.

 

[Illusive]

When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.

Does CCP gives out pension to Chinese elderly? If not then I don't see it impacting China that much. Surely it will have negative effects but it wont be make or break situation, it be a case like Japan.

The damage is done no doubt but I think this is overblown to a point that it will be a collapse is stupid assumption. What is not is with Chinese people's wealth rising, it will be more and more difficult for CCP to keep its population happy with just materialism.

 

[HariPrasad-1]

Around 2004-2006, when i firstly paid attension on Indian forums, there were huge blow up about "India 2.0", "India as work office will surpass China as world sweatshop", “demographic dividend makes India win” ...

15 years passed, none of them happened, yes nobody knows the future but sometimes looking back is also a intresting thing.

Fine If you think that with 10 million births against 1.4 bn Population, and china can do good with than it is OK. India or Indians are not saying this. It is your won people who have shown the concern.

 

[HariPrasad-1]

Ya'll NibbiarsChina is the big price driver because they import so much oil, and recently China has been on a buying spree, increasing Oil Stockpile to 100 - 120 days. China is the most vulnerable to a Middle East oil price shock.
View attachment 80663

We can cut the supply line off in case of conflict. One Chinese think tank had said that China can dominate India on land but Indian navy is certainly capable of cutting the Chinese supply line off.

 

[Haldilal]

Ya'll Nibbiars The Chinese CCP omitted mention of a property tax in its 2021 legislative plan on Monday for a second consecutive year as the government focuses on boosting consumption to cement an economic rebound from the COVID-19 pandemic amid lingering uncertainty.

The topic was also omitted from the government's work reports in 2020 and 2021 by Premier Li Keqiang at the annual meeting of parliament, which set out the full-year agenda, though property tax legislation is still planned for the future.

"As China's economic recovery still faces pressure from various uncertainties including the United States' stimulus and a resurgence of the epidemic, policymakers attach greater importance to the stability of the real estate market," said Lu Wenxi, chief analyst with property agency Centaline.

"Once there are major tax policy changes, there might be some turbulence."

China's property market quickly regained strength last year after the coronavirus crisis, offering much-needed support for an economy that has now almost fully recovered to pre-pandemic levels.

"The reform of the property tax is not so much in line with this year's theme of expanding domestic demand and stimulating consumption," said Li Yujia, chief economist at Guangdong Property Policy Research Institute.

"The focus of this year is resolving housing problems in big cities, which is more specific."

The Chinese government and the National People's Congress said in 2019 that the country would advance steadily towards the drafting of a property tax, which is widely seen as the most powerful tool to deter speculators.

The property tax legislation is still part of the plan for this term of the Standing Committee of the National People's Congress, whose tenure ends in 2023, Li said, adding that substantial progress on the issue would be seen in the next two years.

The Chinese government said on Friday in its development plan for 2021-2025 that it would push for the property tax legislation over next five years.

 

[FalconSlayers]

When Russia was a Super power, nobody knew that destiny has decided their regression this way. Similarly, who knows how destiny has decided to end the dominance of this rogue state named China. Nobody knows what lies in the womb of time. Ultimately, the truth has to be turn victorious. One day old China will left with no young people to run their country. A country of 1.4 bn people with aging population and birthrate of nearly 10 million people and ever decreasing fertility is a great issue. China's years are numbered.

They will use a lot of machinery to compensate for that...

 

[saneel2014]

Is this translated by Google?加速主义This word is not in Chinese and has no meaning.

Google knows better chinese than u...the word is accelarationism..go back to school and learn chinese.