China Economy: News & Discussion

SexyChineseLady

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China trade is expected to take off even further with RCEP as it will regionalize East Asia like the EU.

 

SexyChineseLady

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So the US trade war with China ended up with China gaining its largest trade volume and trade surplus of all times!

What about the US tech war on China? US had created a juggernaut that China didn't have before because Chinese companies like Huawei were buying billions from the US. But now they are buying from local firms which is creating a local ecosystem that is the now fastest growing component in global semiconductor manufacturing!


China reports robust semiconductor industry growth despite US sanctions
Judy Lin, DIGITIMES, Taipei
Friday 14 January 2022


...

If the robust growth continues, China's semiconductor industry will grow rapidly in the next decade and by 2030 will become a world champion in semiconductor manufacturing, seizing a 24% global market share, as previously predicted by the Semiconductor Industry Association (SIA).

According to an SIA blog, the semiconductor industry in China grew 30.6% in 2020 to reach $39.8 billion in total sales, representing robust annual growth of 36%, 23%, 32%, and 23% for the fabless, IDM, foundry, and OSAT sectors, respectively.
 
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SexyChineseLady

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KurtisBrian

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What the article actually implies is:
COMPETITIVE CHINA SELLS MORE STUFF TO INDIA WORTH TENS OF BILLIONS.

As a percentage of total trade India's negative position with China might be EVEN worse than the US has with China.

According to wikipedia (total trade numbers are 2019/20 while trade imbalance is 20/21)
India total trade imports $474 billion exports $313b total $787b
US total trade imports $1546 billion exports $2342b total $3888b

India China trade imports $97 billion exports $28b imbalance $69b
US China trade imports $450 billion exports $165b imbalance $285b


US trade imbalance with China as percent of trade 285/3888 7.3%
India trade imbalance with China as percent of trade 69/787 8.8%

Chinese, like Koreans and the Japanese, must be amazing at doing their jobs. When that job is soldier or pilot? yikes :)
 

Wisemarko

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Source: WSJ
China’s Export Machine Notches New Record as Pandemic Grinds On
The world’s second-largest economy cemented its place as the world’s factory floor last year, even as relations with the West grew more tense

By
Jan. 14, 2022 3:51 am ET

Police officers spraying disinfectant as an anti-Covid-19 measure at Nanjing port in China's eastern Jiangsu province last August.
Photo: str/Agence France-Presse/Getty Images

HONG KONG—China’s export boom took the country’s trade surplus to a record in 2021, as its manufacturing prowess and surging global demand beat headwinds including rising geopolitical tensions with the Western world.
Shipments from the world’s second-largest economy last year were up 30% from a year earlier to $3.36 trillion, also a record, the country’s General Administration of Customs said Friday. The booming export sector has been a consistent strength of China’s economy, which has been hit by domestic pandemic controls and a government-induced property-sector slump.
Imports were also up 30%, in large part a reflection of surging prices of commodities such as coal, steel and iron ore.
The result was a trade surplus of $676 billion in 2021, easily beating the previous record of $535 billion, set the year before, and highlighting how Covid-19 disruptions have only reinforced pre-pandemic global trade imbalances.
China’s trade surplus with the U.S. in particular grew to $396.5 billion, from $316.9 billion in 2020, Chinese customs reported Friday—a widening that could stoke more grumbling in Washington. China’s purchases of U.S. goods, including energy and agricultural products, fell well short of terms agreed to under the just-expired Phase One trade deal that the U.S. and China signed in January 2020, according to a study by the Washington-based Peterson Institute for International Economics.
China’s total goods trade—the sum of imports and exports—surged roughly 30% to a record high of $6.05 trillion last year, from $4.65 trillion the year before, China’s official data show.
The figures show that China has managed not only to maintain but to strengthen its central role in global goods trade, even as the U.S. and its allies warn Western companies about the potential perils of overreliance on China and alleged human-rights violations in supply chains running through the country.
 

Hari Sud

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It is kind of difficult to comprehend recent export figures of Chinese exports. As published recently, they had $3.3 Trillion in exports with roughly $700 billion trade surplus.
Key question with Covid spread in the world with much of the world (Europe and US) under either lockdown and partial shutdown for greater than 45 days in 2021 and much of the public in US and Europe staying away from shopping Centers hence who is buying Chinese manufactured products. There should be dip in Chinese exports. Hence where is this massive Chinese exports going to.
Moreover Chinese have suffered the impact of Covid. Hence their production must have suffered also.

Hence where is the truth?
 

Covfefe

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It is kind of difficult to comprehend recent export figures of Chinese exports. As published recently, they had $3.3 Trillion in exports with roughly $700 billion trade surplus.
Key question with Covid spread in the world with much of the world (Europe and US) under either lockdown and partial shutdown for greater than 45 days in 2021 and much of the public in US and Europe staying away from shopping Centers hence who is buying Chinese manufactured products. There should be dip in Chinese exports. Hence where is this massive Chinese exports going to.
Moreover Chinese have suffered the impact of Covid. Hence their production must have suffered also.

Hence where is the truth?
2021 was largely driven by pent up demand plus depleted inventory pipeline. Not just China, almost every manufacturer saw that surge. US+EU trade blocs saw huge merchandise imports. Domestic data can be fudged, export numbers are tracked better by both the importer and exporter
 

FalconSlayers

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It is kind of difficult to comprehend recent export figures of Chinese exports. As published recently, they had $3.3 Trillion in exports with roughly $700 billion trade surplus.
Key question with Covid spread in the world with much of the world (Europe and US) under either lockdown and partial shutdown for greater than 45 days in 2021 and much of the public in US and Europe staying away from shopping Centers hence who is buying Chinese manufactured products. There should be dip in Chinese exports. Hence where is this massive Chinese exports going to.
Moreover Chinese have suffered the impact of Covid. Hence their production must have suffered also.

Hence where is the truth?
Much of it can be attributed to global prices surge, high inflation is increasing costs of the goods and services being traded.
 

no smoking

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It is kind of difficult to comprehend recent export figures of Chinese exports. As published recently, they had $3.3 Trillion in exports with roughly $700 billion trade surplus.
Key question with Covid spread in the world with much of the world (Europe and US) under either lockdown and partial shutdown for greater than 45 days in 2021 and much of the public in US and Europe staying away from shopping Centers hence who is buying Chinese manufactured products. There should be dip in Chinese exports. Hence where is this massive Chinese exports going to.
Moreover Chinese have suffered the impact of Covid. Hence their production must have suffered also.

Hence where is the truth?
Don't you know there is ONLINE SHOPPING?
 

SexyChineseLady

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The ability of China to produce so much stuff also keeps inflation down. At least in China :D

Growth in most other countries are eaten up by inflation.

9721E33A-4F06-4CE8-A556-59B1454CB450.png


Inflation is caused by too much paper chasing after too few goods.

That is never an issue in China since it produces everything in massive numbers. lol
 

KurtisBrian

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The ability of China to produce so much stuff also keeps inflation down. At least in China :D

Growth in most other countries are eaten up by inflation.

View attachment 132253

Inflation is caused by too much paper chasing after too few goods.

That is never an issue in China since it produces everything in massive numbers. lol
Good luck with your theory.
 

Hari Sud

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The ability of China to produce so much stuff also keeps inflation down. At least in China :D

Growth in most other countries are eaten up by inflation.

View attachment 132253

Inflation is caused by too much paper chasing after too few goods.

That is never an issue in China since it produces everything in massive numbers. lol
‘Like their Covid data, their inflation data is not trustworthy. It is an artificially generated number by the Communist masters.
 

SexyChineseLady

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‘Like their Covid data, their inflation data is not trustworthy. It is an artificially generated number by the Communist masters.
Yes like our space launches (tracked by radar globally), exports (tracked by importing countries) and massive induction of warships and fighter aircraft (recorded by interceptions across the South and East China Seas.)

Each of those indicate an economy that was little impacted by inflation or Covid.

How many space launches by India? 2? I read that the reasoning was because of Covid and budget.

China had 56 launches. What does that tell about Covid or budget in China if you use the same reasoning for India?

The US tracked each Chinese launch so they can complain about "giant out of control rocket stages" that can crush people ;)
 

rockdog

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Yes like our space launches (tracked by radar globally), exports (tracked by importing countries) and massive induction of warships and fighter aircraft (recorded by interceptions across the South and East China Seas.)

Each of those indicate an economy that was little impacted by inflation or Covid.

How many space launches by India? 2? I read that the reasoning was because of Covid and budget.

China had 56 launches. What does that tell about Covid or budget in China if you use the same reasoning for India?

The US tracked each Chinese launch so they can complain about "giant out of control rocket stages" that can crush people ;)
Chinese growth is 8.1% & per GDP is $USD12500 by 2021, this is really remarkble.

001.jpg


002.jpg


003.jpg
 

rockdog

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How many space launches by India? 2? I read that the reasoning was because of Covid and budget.

China had 56 launches. What does that tell about Covid or budget in China if you use the same reasoning for India?
If you ignore the times of launches, China failed twice and India failed only once, we are still far behind India, twice worse.
 

rockdog

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This is unbelievable figure ... the Chinese manufacture power is really amazing ...

In 2022, China's shipbuilding volume will exceed 40 million tons


China Shipbuilding Industry Association announced on January 16, 2022: In 2021, China will continue to remain the world's first in the three major indicators of the shipbuilding industry, achieving a good start in the "14th Five-Year Plan". In addition, according to the forecast of the China Shipbuilding Industry Association, the completion of shipbuilding in China will exceed 40 million deadweight tons in 2022.

In this newly released transcript, Chinese shipbuilding companies account for about 50% of the world's total in terms of shipbuilding completions, new orders received, and orders in hand, continuing to remain the world's largest. Among them, China State Shipbuilding Corporation, China's largest shipbuilding company, will surpass South Korea's Hyundai Heavy Industries for the first time in its three major shipbuilding indicators in 2021 and become the world's largest shipbuilding group. It has completed and delivered 206 ships, accounting for 20.2% of the global market share. The contract value of orders was 130.15 billion yuan, setting a new record since 2008.

Li Yanqing, Secretary General of China Shipbuilding Industry Association: This first is hard-won, and the gold content is very high. Because our new orders this time have accounted for nearly 50% of the revised gross tonnage, and achieved a good start in the "14th Five-Year Plan".

In 2021, Chinese shipbuilding companies will undertake 72.7% of the world's chemical tanker orders, and the substantial increase in this order will directly drive the demand for duplex stainless steel.
 

afako

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One should discount 20% to 30% of Chinese GDP numbers for artifical currency effect and fudging of numbers.

A lot of import and export numbers is also inflated due to the global supply chain:

China makes a low value part, exports to Japan or South Korea for further value addition, same is imported in China directly or via other supply chain, adds value and exports out to the world.

One item is adding twice in imports and exports figures. Such thing is very common in electronics and auto industry where the value is very high.

As per Apple value addition in China is 10%, so China imports $250 by value of cost of iPhone parts, exports out at $275. Now of the many parts that China imported, there were few which saw back and forth between the East Asian supply chain, so the trade figures look very high. The net value addition is what counts.

We saw the same yesterday in Vietnam trade figures also.
 

rockdog

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One should discount 20% to 30% of Chinese GDP numbers for artifical currency effect and fudging of numbers.

A lot of import and export numbers is also inflated due to the global supply chain:

China makes a low value part, exports to Japan or South Korea for further value addition, same is imported in China directly or via other supply chain, adds value and exports out to the world.

One item is adding twice in imports and exports figures. Such thing is very common in electronics and auto industry where the value is very high.

As per Apple value addition in China is 10%, so China imports $250 by value of cost of iPhone parts, exports out at $275. Now of the many parts that China imported, there were few which saw back and forth between the East Asian supply chain, so the trade figures look very high. The net value addition is what counts.

We saw the same yesterday in Vietnam trade figures also.
So you invented a creative way of GDP calculation?

Chinese mobile brands owns 70% share in India, and most complicated parts are imported from China, wondering how much discount India need to calculate.

According this news,

Despite border tensions, boycotts and bans, India-China trade grew to record $125 billion in 2021

Here must be much more discount India should count.
 
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