China Economy: News & Discussion

rockdog

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Left UPPER ARM injection. It feels no different from other vaccines used before. It doesn't hurt when it's injected, and I feel a little bit of that muscle after the injection after injection,Everything will be all right in half an hour.
My last nucleic acid test was on March 17,After the vaccine is injected, there is no need to do nucleic acid testing every other time.
I also had injection, i felt very tired after injection ... almost didn't work for the whole day.
 

rockdog

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Statistics released by ZSW show that in 2020, the global number of electric vehicles climbed to 10.9 million, an increase of 3 million over the previous year.

China remains the undisputed leader with more than 5 million electric vehicles, followed by the United States with 1.77 million. Germany has risen three places and currently ranks third with nearly 570,000 vehicles.

In 2020, global sales of electric vehicles will surge by 38%, reaching a record high of 3.18 million vehicles.
 

johnq

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China Triggers Outrage Over Xinjiang Cotton Boycott | H&M and Nike Get Hit!
China is boycotting US companies like Nike and H&M over their boycott of Xinjiang cotton. The China sanctions are a result of Western companies banning Xinjiang cotton from their supply chains since its made with Uyghur slave labor, as part of an ongoing genocide against Uyghur Muslims in China.
 

Lonewolf

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China Triggers Outrage Over Xinjiang Cotton Boycott | H&M and Nike Get Hit!
China is boycotting US companies like Nike and H&M over their boycott of Xinjiang cotton. The China sanctions are a result of Western companies banning Xinjiang cotton from their supply chains since its made with Uyghur slave labor, as part of an ongoing genocide against Uyghur Muslims in China.
Any possibility of fdi in india , or will it go to vietnam , Bangladesh , Indonesia
 

Hariharan_kalarikkal

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Fun fact : From 1 ad to 16th ad coomers in west couldnt even invent a basic working toilet to shit.While there remains hard hitting archaeological evidence of water borne toilets being extensively used in highly advanced societies of Sarasvati civilisation for thousands of years ;)

Btw even after its discovery in 16th ad , it wasnt very widespread untill 19th ad lmao.
Britfag: we have civilized you savages


Also britfags: doesn't have the the means to take a crap properly until later middle ages 😸
 

johnq

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Xinjiang cotton boycott: A golden opportunity for India
The social media backlash in China against Western clothing brands is ballooning rapidly. This, as the country's ruling Communist Party retaliated for Western sanctions imposed on Chinese officials accused of human rights abuses in the Xinjiang region.

The attacks began on the social media handle of the Communist Youth League, once a cradle for China's leaders. The league's account on Weibo, China's Twitter-like platform, highlighted an H&M statement from March 2020, in which the clothing brand said it would stop buying cotton grown in Xinjiang. The Swedish retailer said it was deeply concerned about reports of forced labour in the Xinjiang Uyghur Autonomous Region (XUAR).

In the latest development, the Chinese state-backed nationalist tabloid, Global Times, has cited Burberry, Adidas, Nike, and New Balance for critical remarks about Xinjiang cotton two years ago. So much so that Chinese celebrities such as Wang Yibo announced breaking endorsement contracts with H&M and Nike.

On Wednesday, anger erupted on Chinese social media against Nike after netizens stumbled upon a statement from the leading sportswear brand that said it was "concerned" about reports of forced labour in Xinjiang. Nike had stated that it does not use cotton from the region. The Nike controversy soon began trending on Weibo.

The social media frenzy has not only led to nationalistic calls for Western brands such as Nike and Adidas to leave China, but also a call by the netizens to support local brands such as Li Ning and Anta.

Earlier this year, just before its controversial exit, the Trump administration announced an import ban on all cotton and tomato products from Xinjiang over allegations that they are made with forced labour from detained Uighur Muslims. It's important to note that the US would import cotton products from China and not raw cotton. With the US ban imposed and no apparent change of stance by the Biden administration towards China, the US Customs and Border Protection (CBP) would now look at cotton products made in Bangladesh, Vietnam, Indonesia and the Philippines.

Experts believe that the US ban, combined with a boycott by the Western apparel industry, could now result in more demand for raw cotton from India, particularly from the US, Vietnam and Bangladesh, who would have otherwise depended on China.

Let's do some number crunching. For the year 2020, the worldwide cotton market was worth $38.54 billion. That is expected to reach $46.56 billion by 2027, compound annual growth of 2.74 per cent from 2020 to 2027. That's how lucrative the cotton market is.

India is the largest producer of cotton in the world. China, Pakistan and the United States are other major producers.

Now, it is important to understand why Xinjiang matters when it comes to cotton.

Roughly 1 in 5 cotton garments sold globally contains cotton or yarn from Xinjiang. Of the total cotton produced in China, 86 per cent is from XUAR. This amounts to 70 per cent of all cotton yarn in China, the largest share in the dragon's yarn exports.

China and India have been the core cotton consumers for decades. In India, the textile sector reigns supreme, consuming most of the indigenous raw cotton. The domestic consumption of cotton also explains why India is not the largest exporter of cotton, despite being its largest producer. The core importers are China, Bangladesh, Vietnam, Turkey and Pakistan.

China's cotton exports in 2019 were $14.1 bn, equalling 26.6 per cent of total global exports, while India contributed 11.8 per cent, worth $6.3 billion and less than half of China's worldwide export. This is the gap that India must aim to fill.

Currently, both Vietnam and Bangladesh are buying a good amount of cotton from India, which is expected to produce at least 49.5 million bales (one bale is around 170 kgs) this season till September 2021, according to the Cotton Association of India. According to Reuters news agency, India's cotton exports are expected to jump 40 per cent in 2020/21 from a year ago to 7 million bales, the highest in seven years.

Now the question is, will India be able to fill the gap created by the boycott of cotton products from Xinjiang? And will India be able to replace the American dependency on Bangladesh, Indonesia, Vietnam and The Philippines?

As India's foreign minister, Dr S Jaishankar aptly pointed out at the WION Global Summit, the coronavirus pandemic has highlighted the drawbacks of the global supply chain.

And perhaps that's why now is the time for India to be part of the reset, one that must span across defence, diplomacy, pharma, technology, textiles and trade.
 

rockdog

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johnq

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The same article mentions that India is the largest producer of cotton in the world. China uses slave labor to make manufacturing cheaper. But with products from Chinese slave labor being banned, India gets a chance to create more manufacturing jobs too.
 

SexyChineseLady

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China's consumer market is very big and firing on all cylinders despite global pandemic.

In fact, Chinese commie consumers spend more than more than all capitalist nations on cars, overpriced $2000 handbags and movies!!!





 

johnq

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How the CCP Manufactured Outrage at H&M Over Xinjiang Cotton
China is manufacturing outrage over Wester companies like H&M and Nike boycotting Xinjiang cotton because it's made with Uyghur slave labor. The China sanctions are meant to stop criticism of genocide. This is a highlight from the full China Unscripted episode: A Growing Rift Between China and the West. https://youtu.be/d8iTpLNpkjE
 

rockdog

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Has India become China’s colony? Seems like, going by what we import and what we export


Figures between 2014-15 and 2019-20 show that export of low-value raw materials & import of high-value manufactured goods characterised India's trade with China.

New Delhi:
India’s exports to China have risen and imports have fallen over the last few years. But a closer look at the items traded between the two countries shows the unequal bilateral trade.


Trade numbers between 2014-15 and 2019-20 show that export of low-value raw materials and import of high-value manufactured goods has characterised India’s trade relationship with China, akin to the ties the country had with its colonial ruler Britain in the years before Independence, said trade experts.




This “colonial pattern” of trade has meant that India’s exports to China over the last six years have been only fifth in value of India’s imports from China.


While average exports from China have been around $13 billion in the six years ending 2019-20, the average value of imports from China has been $66 billion in the period.

Graphic: Ramandeep Kaur/ThePrint
Graphic: Ramandeep Kaur/ThePrint
India’s exports have ranged from food items like fish and spices to essential inputs like iron ores, granite stones, and petroleum products. Its imports from China have been dominated by electrical machinery and equipment, and other mechanical appliances.






Trade experts point out that this pattern is unlikely to change drastically in the near future and some of the changes seen in the current fiscal due to Covid may be short lived.

Graphic: Soham Sen | ThePrintGraphic: Soham Sen | ThePrint

Also read: India & Bangladesh will power the recovery of South Asia’s economy, World Bank says



India’s exports to China

India’s major exports to China in the last six years were iron ore, petroleum fuels, organic chemicals, refined copper and cotton yarn. Among food items, some of the other major items exported were fish and seafood, pepper and vegetable oils and fats. Blocks of granite and other building stones and raw cotton were also among exports.




There have been some visible changes in the last few years based on changing tariffs and other factors in both the countries.


For one, the edge India had in export of copper cathodes has also been lost. Over the last couple of years, India has turned into a net importer of refined copper from being one of the largest exporters of copper cathodes to China.



Both its cotton and cotton yarn exports have also slumped in the last year.


Graphic: Ramandeep Kaur/ThePrint
Graphic: Ramandeep Kaur/ThePrint

Also read: India’s GDP growth may be between 7.5 to 12.5%, not out of woods yet, says World Bank report



What India imported over last 6 years

In contrast, India’s major imports from China have been of items like automatic data processing machines and units, telephone equipment and video phones, electronic circuits, transistors and semiconductor devices, antibiotics, heterocyclic compounds including nitrogen, fertilisers, sound recording devices and TV cameras, automobile components and accessories and project goods.

Graphic: Ramandeep Kaur/ThePrint
Graphic: Ramandeep Kaur/ThePrint
The current trade patterns reflect India’s manufacturing capabilities, said Ajay Sahai, director general and chief executive officer, Federation of Indian Export Organisation.


“It has something to do with the manufacturing capabilities of India. We import finished products from China to meet our domestic requirements. For instance, the telecom revolution in India saw major imports of telecom equipment and mobile phones in large quantities from China. China dominates the electronic hardware market while the Indian industry is still at a nascent stage,” he said.


However, he pointed out that with more companies manufacturing mobile phones in India, the country’s mobile import bill has come down.


“While we still majorly export raw materials to China, over a period of time India is gaining strength in value added exports. Our exports of cancer drugs, auto components and processed foods is picking up,” he said.


He also cited the example of cotton. Earlier, India used to export raw cotton and import cotton yarn, but is now instead exporting cotton yarn. “But this was mainly on account of China deciding to move away from labour intensive industries to medium and high technology industries,” he said.



Also read: Spike in Covid cases indicates bumpy road for Indian economy


The colonial pattern of trade

Noted historian Bipan Chandra wrote about the popular drain theory in pre-independent India, which was the basis of early nationalism. Among other things, it flagged how a free trade policy followed by the British in India saw an excess of exports of raw materials from India but without any improvement in the corresponding economic prospects.


In his book India’s Struggle for Independence, Chandra wrote how the essence of 19th century colonialism lay in the transformation of India into a supplier of foodstuffs and raw materials to the British, a market for British manufacturers and a field for the investment of British capital.


India’s exports during these times were of raw cotton, indigo, opium, jute, tea and raw skin and hides, while imports were of items like cotton yarn and iron and steel products. Unsurprisingly, Britain was India’s largest trade partner during this period.


Trade economists point out that the pattern of trade between India and China reflects this colonial relationship.


“The pattern of trade between India and China is a colonial pattern of trade,” said Biswajit Dhar, professor, Centre for Economic Studies and Planning, School of Social Sciences, at Jawaharlal Nehru University in Delhi.


“Whatever limited manufacturing capabilities were there in India eroded as Indian industry couldn’t stand up to competition from China. China being the factory of the world needed the raw materials and low level of intermediate inputs to fuel its manufacturing push. And India became a supplier of these inputs,” said Dhar.


Apart from India, Australia is another country from where China imports a large amount of its input requirement, said Dhar.


He added that one will have to wait and watch to see if schemes like production-linked incentive (PLI) schemes announced by the Narendra Modi government will have a significant impact in bolstering Indian manufacturing and reducing India’s dependence on China.

Graphic: Ramandeep Kaur/ThePrint
Graphic: Ramandeep Kaur/ThePrint
Dhar also pointed out that in 2020-21, in the aftermath of the pandemic, there has been some change in trading patterns but expressed doubt whether they will be sustainable in the long run.


For instance, India’s exports of semi-finished steel products to China saw a sharp surge in the months after the pandemic. This came as China’s manufacturing bounced back the fastest compared to other countries seeing a sharp rise in demand for steel products. With demand in India non-existent due to the pandemic, domestic steel companies started exporting.


But once domestic demand picked up, steel companies mainly sold in local markets rather than exporting.


Sahai, however, was optimistic. He pointed out that the PLI scheme could see India hone its manufacturing capabilities with cutting edge technology, and this could see the import bill come down.
 

shade

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Jack ki Ma ch**** jaa rahi hai Cheen mai.
The Red Emperor goes full Genghis Khan on his enemies or merchants who disobey him like Jack.
 

rockdog

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What a joke .So much for trying to stir up a cause these companies get hammered by China. Something India needs to learn to do,


A geopolitical crisis cripples H&M. Nike, Adidas, and Visa could be next
As China Targets H&M and Nike, Local Brands See Their Chance

 

rockdog

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NIO delivered its 100,000 SUV this week, and Musk also sent his greeting.

Nio's ES8 and ES6 are sold with USD50,000 on average, same level as BENZ in China.
EV is the best chance to Chinese car makers to beat those traditional auto monsters.
 

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