China Economy: News & Discussion

rockdog

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This was decades in the making. The eco system put in place began with car parts and tires.

Interesting history, the US placed prohibitive tariffs on Chinese tires beginning in 2009 under Obama, it didn't stop China from being the world's largest exporter of tires. This happened because China itself is the biggest market. Chinese firms have economy of scale at home.

Most of the global auto industry including Germany and Japan (and India) also use Chinese components just like the electronic industry.
Tesla China factory delivered 83,000 pcs september, i think at least 70% of them are sold inside China, rest are exported to world.

The Model Y is on 1st rank this Sep (46694), this 2nd is the BYD's Song EV/DM-i, 3rd are Wuling's mini EV; the Model 3 sold 30919.

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indiatester

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Joe Biden is getting serious against China. Threatening war on Taiwan is putting Chinese Semiconductor industry in the Crosshairs .
Trouble with such sanctions is that like India ended up developing critical technologies for defence and space applications, all able countries will find efficient ways to create these chips, batteries, pharma, biotech etc sooner or later.
It would then become a question on who can scale. Obviously countries with large populations can (depends on lots of factors ofcourse).
In a way, this is good for countries like India as we can be truly independent in energy and tech. The only influence factor left would be the entertainment industry and we are doing quite well there.
 

SexyChineseLady

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Joe Biden is getting serious against China. Threatening war on Taiwan is putting Chinese Semiconductor industry in the Crosshairs .
Pearl Harbor against China's tech industry was already done in 2018 with the sanctioning of ZTE and Huawei. Actually, the first major assault began in 2014 by Obama's banning of chips for China super computers which were leading the world at the time.

So this is not new and the Chinese industry had been working underneath this for a long time.

You should see in the coming months if the Chinese semi industry is completely "annihilated." There might be more disruption in the rest of the world than China itself ;) China knew for years it will eventually be cut off from US tech.
 

SexyChineseLady

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The US always complain about other countries dominating its markets. In semiconductors, the US had a dominant position in the design and components in the China's tools space. That doesn't mean there were not companies in China or elsewhere competing for the same slice of business and China is the world's largest semiconductors market -- by a far margin.

With one stroke of the pen, US companies are forced to give up that market. China is more than one third of the entire semiconductors market in 2022. It won't disappear just because the US won't sell there:
 

RoaringTigerHiddenDragon

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The US always complain about other countries dominating its markets. In semiconductors, the US had a dominant position in the design and components in the China's tools space. That doesn't mean there were not companies in China or elsewhere competing for the same slice of business and China is the world's largest semiconductors market -- by a far margin.

With one stroke of the pen, US companies are forced to give up that market. China is more than one third of the entire semiconductors market in 2022. It won't disappear just because the US won't sell there:
These kinds of propaganda articles are not worth the bytes they defecate. The west was never all about money for money’s sake. They use money as a means to achieve technological dominance. Once that dominance is under threat, they are not going to care about markets like China. This is a simple fact that everyone in the world knows is not understood by the xicommies, where money and deals trump everything, including human rights. Same goes for other democracies. No one will trade with China on the size of its market alone but based on the actual or perception of theft of their strategic technologies. Both Shinkansen and Siemens learnt the rough way how their high speed rail tech was outright stolen by the CCP. And now they don’t touch China with a 1000 foot pole even. It is funny to see that Xibots think that money outweighs everything in the world just because it is that way in the real estate garbage called China. There is a reason the US shutdown the Houston consulate of CCP, calling it a den of thieves. There is a reason why the US no longer admits Chinese researchers in higher education and research in the US. Chinese market size is never ever going to come to Xictator’s rescue. And no one is impressed by an economy built on a real estate pack of cards. Lol.
 

SexyChineseLady

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China is the largest trading on earth by a very wide margin. It is the largest market on earth than can sustain economy of scale even if it doesn't trade.

But it does trade :)

So who is not trading with China? :)

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RoaringTigerHiddenDragon

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China is the largest trading on earth by a very wide margin. It is the largest market on earth than can sustain economy of scale even if it doesn't trade.

But it does trade :)

So who is not trading with China? :)

View attachment 176399
Trading means jackshit. Selling $1 junk to the west made with 95 cents production cost in CCP land bare;y adds 5 cents per piece. And so you have to sell a ginormous amount of junk. About 70% of Chinese trade is in junk territory. And the other 30% of decent margins but you won’t get the benefit of that as countries like India will ask you to produce that locally (like Make in India program). Technological superiority is what matters. Do they not teach you this in commie school? Simply scouring the internet and displaying charts is an extremely low IQ thing to do, which I expect from a CCP troll bot. You have not disappointed me. When will Chinese develop critical thinking skills like Indians do? Don’t you have decent universities in China that teach you such skills?
 

RoaringTigerHiddenDragon

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Top universities in Asia ;)


There are 24 universities from China and Hong Kong in the Top 40 colleges in Asia including the #1 ranked one (Tsinghua in Beijing.)
That ranking has to be evident in how you post and how you say things. You lack critical thinking and IQ. So if you are a representation of these universities then these universities are just a giant pile of garbage. And the rankings are something the CCP paid for, as usual. Or did you not clear the gaokao due to very low IQ and ended up getting recruited by the CCP to become a bot rat?
 

RoaringTigerHiddenDragon

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Once again just scouring the Internet for posts is NOT a sign of high IQ. Citations are not an indicator of quality. I can bet that most citations are by other Chinese in a sort of a weird cyclical numbers game. China has a bigger population so it will win in these volume moves. The CCP has always played these games.
Tech development in the US is miles ahead of anything China can do. Numbers game does not work in the real world, like it did not work for China to build all those tofu dreg construction projects, just to show off that China has more urban development than the US, only to fall flat on your face and losing international credibility.
So, coming back to my question - why are YOU exhibiting very low IQ much like how your leader Xi is exhibiting extremely low IQ moves? Is this a common trait of all CCP party secretaries and the ordinary bots like you - pretty much a group of extremely low IQ people?
 

Blademaster

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Trading means jackshit. Selling $1 junk to the west made with 95 cents production cost in CCP land bare;y adds 5 cents per piece. And so you have to sell a ginormous amount of junk. About 70% of Chinese trade is in junk territory. And the other 30% of decent margins but you won’t get the benefit of that as countries like India will ask you to produce that locally (like Make in India program). Technological superiority is what matters. Do they not teach you this in commie school? Simply scouring the internet and displaying charts is an extremely low IQ thing to do, which I expect from a CCP troll bot. You have not disappointed me. When will Chinese develop critical thinking skills like Indians do? Don’t you have decent universities in China that teach you such skills?
Careful… you are veering too close to the territory of pakijeets and bangelibilah posters
 

RoaringTigerHiddenDragon

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Careful… you are veering too close to the territory of pakijeets and bangelibilah posters
Why? 70% of Chinese exports are low margin junks. That means they have a need to produce humongous amount of junk to add to their GDP. The other 30% - they face significant competition due to localization policies. This is the major reason why Chinese economy has stalled and real estate has imploded as massive layoffs have led to a complete collapse of the Chinese dream for hundreds of millions of villagers forced to migrate to urban areas. Today in Guangzhou, 7 out of 10 export shops are facing annihilation as the very meager profits they are making from the low margin exports is just not enough to pay overpriced, real estate junk that passes for an apartment in China. Many Chinese are leaving cities and heading back to their villages as there is massive food insecurity in the cities with very high inflation. The US sanctions on trade and technology have drastically reduced their high value exports and other countries are now competing with China on the low value side. So, they are caught in a pincer. I don’t write them off but they are in massive trouble these days. Wolf warrior diplomacy and BRI garbage is all but over. All these facts are well documented.
Don’t be taken in by the people well connected to the CCP and their party secretaries and their mistresses buying Apple phones and Teslas. The average Chinese has been squeezed of all his or her blood - that is their savings to finance the CCP’s insane show off, non -reductive infrastructure. Their high speed rail alone is running at an $800 million loss every year. And, more alarmingly, the losses have been increasing. Several mega vanity projects have been suspended for lack of funds. And several more cancelled.
70% of their BRI loans have gone bad. Countries like Kenya have refused to pay a $4 billion loan they took to finance a failed railway line. And IMF now insists that countries cannot use WB, IMF funds to payback Chinese loans - something the CCP thought would happen. So the Chinese banks are now in a bad, bad shape. The low margin export growth is not sufficient to offset these humongous losses. So they are stuck.
Basically, the Chinese urban utopia dream is over and it is back to the villages for a more sustainable life for millions of Chinese. The number of empty buildings and unfinished construction has doubled and tripled over the last few years, clearly showing that hundreds of millions of Chinese can no longer afford urban real estate.
A string of bad policies, unnecessary fights with the rest of the world, making risky loans, inability to commercialize key technologies, food insecurity, poorly run financial markets have all combined to destroy China’s economic “miracle”. Lol.
 

rockdog

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Thanks for strong EV industry and supply chain, finally the Mini production will fully shifted to China


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rockdog

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Because of Chinese EV industry is leading in the world, VW will invest 2B euro to have a JV with a Chinese firm.

Volkswagen to invest up to 2 bln euros in JV with China's Horizon Robotics - reports

 

rockdog

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China is still the biggest market and manufacturer on EV & hybrid sector.

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RoaringTigerHiddenDragon

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China is still the biggest market and manufacturer on EV & hybrid sector.

View attachment 176406

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All these do not matter. If BMW wants to sell in India’s markets, they have to localize in India. Indian government did not allow Tesla to import vehicles from China. Same fate awaits BMW. It does not matter how big your internal market is - you won’t any longer be able to export to large global markets. That is the point. Factory floor robots is no big thing. Automobile robots have been present in Japan since the 1960s.
 

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