China Economy: News & Discussion

[ym888]

Wait 2022 rnd% was 0.7%
I think it's not right
Pls look into it

I just picked 2000-2020

no 2022

Compare countries | TheGlobalEconomy.com

Compare countries, compare economies, compare indicators

www.theglobaleconomy.com

You can pick anything here

 

[jai jaganath]

I just picked 2000-2020

no 2022

Compare countries | TheGlobalEconomy.com

Compare countries, compare economies, compare indicators

www.theglobaleconomy.com

You can pick anything here

Even in 2020 was something close to 0.7%
If I am not wrong
Don't know regarding this site

 

[RoaringTigerHiddenDragon]

View attachment 189568
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LOL on this data. Useless Patent mills in action. I think Chinese have an IQ problem. We just discussed patent mills and how china’s own professors have claimed they have been bribed to publish papers. Now you are back publishing useless data showing the very same thing.
No matter what spin or fake charts you put out, remember one thing:
”Collaborative innovation is impossible under the CCP regime”. A reason why much smaller countries like Singapore, Korea, Israel and Australia output cutting edge innovations that no Chinese lab can match. End of story. Finito.

 

[IndianSpiderman]

Bloomberg - Are you a robot?

but sab changa si as per our enlightened Chinese friends here

 

[IndianSpiderman]

 

[skywatcher]

Commercial Chinese space port in Djibouti to expand space economy

Chinese Companies to Build Commercial Spaceport on the Horn of Africa

The Hong Kong Aerospace Technology Group (HKATG) and a Shanghai-based Touchroad International Holdings Group have entered into a memorandum of understanding (MOU) with the government of Djibouti to build a $1 billion commercial spaceport with seven launch pads and three rocket engine test...

parabolicarc.com

The Head of State presides over a ceremony dedicated to the realization of satellite launch sites in Obock

Quote

The Head of State, His Excellency Ismail Omar Guelleh, presided this Monday, late morning, at the Palace of the Republic, a ceremony of preliminary agreement of technological partnership between our country and the Company "Hong Kong Aerospace Technology Group", specialized in the design, the realization and the exploitation of platforms of launching of satellites and rockets.

The audience between President Guelleh and the senior staff of the Chinese company served as a framework for consultation on the timetable for the final intervention of the project and the various phases of which it will be composed.

Supposed to give, over a period of 5 years, our country a series of platforms for launching satellites and rockets, the technological partnership project which acquires today the principle of agreement, is itself subject to the prior realization of a series of development infrastructure.

Therefore, the northern region of Obock which will host this mega project is assigned the duty to acquire upstream a breakout port and a highway of international standard, essential to the routing of heavy materials necessary for the establishment of aerospace sites.

Transversal project, it will also dispose of an inevitable process of energetic development, solar, wind, hydro-electric...

This, if only because the infrastructures under construction require a high need of electricity.

There is no doubt that through this project, our country accesses a wider range of strategic data on its development and a greater ability to assess a crucial order of issues including those related to the consequences of climate change.

Win-win partnership, Djibouti is chosen to host this project of about one billion dollars based on its geographical location near the Equator, conducive to the realization of high definition shots in the missions of observation and satellite analysis and aerospace rockets.

The agreement provides for the final concession of aerospace infrastructure built to the Djiboutian side, after a co-management of 30 years, expected to lead to a process of transfer of skills and expertise.

The Minister of Higher Education and Research, Mr. Nabil Mohamed Ahmed, signed for the Djiboutian side the agreement this morning.

The Ambassador of the Republic of Djibouti to the People's Republic of China, Mr. Abdallah Abdillahi Miguil, took part in this event.

As for the company "Hong Kong Aeroposace Technology Group", it was represented by its General Manager, Mr. Wilson Lau Wai Hang, accompanied by his main collaborators.

Le Chef de l’Etat préside une cérémonie dédiée à la réalisation de sites de lancement satellitaire à Obock

www.presidence.dj

 

[rockdog]

I think large parts of India import from China are intermediate and hi tech finished product, which are good for india growth.

 

[RoaringTigerHiddenDragon]

View attachment 189631
I think large parts of India import from China are intermediate and hi tech finished product, which are good for india growth.

They all add up to less than $15 billion out of the $90-100 billion imports. India imports far more high value manufacturing equipment from Japan, US, Germany, S.Korea, France, Russia etc. $3B PVC cells and $2B ICs is peanuts. It will be easily replaced by local manufacturing. India must have imported a lot of cheap consumer goods I think.

 

[rockdog]

They all add up to less than $15 billion out of the $90-100 billion imports. India imports far more high value manufacturing equipment from Japan, US, Germany, S.Korea, France, Russia etc. $3B PVC cells and $2B ICs is peanuts. It will be easily replaced by local manufacturing. India must have imported a lot of cheap consumer goods I think.

if so then you don't need to worry, and meanwhile

 

[SexyChineseLady]

China is pretty much the main bulwark against global recession in 2023:


The yuan has risen sharply over the past month:

Inflation in China is the lowest in the world which results in the highest real wage growth globally. (This has been the case for decades, low inflation plus high growth results in the largest consumer market in the world despite China still being a developing nation!)

 

[SexyChineseLady]

China is officially the second largest exporter of cars in the world after numbers came in for 2022!

And is on a trajectory to pass Japan at number one in a few years!

China closes in on Japan after surpassing Germany in 2022 car exports

Exports surged 54.4 per cent year on year to 3.11 million vehicles in 2022, according to the China Association of Automobile Manufacturers (CAAM).

www.scmp.com

China has surpassed Germany to become the world’s second-largest car exporter after mainland exports jumped 54.4 per cent year on year to 3.11 million vehicles in 2022, according to the China Association of Automobile Manufacturers (CAAM).

The nation is also closing in on Japan’s export volume, and is likely to clinch the title of the world’s top car exporter in the coming few years, analysts said.

 

[RoaringTigerHiddenDragon]

if so then you don't need to worry, and meanwhile

View attachment 189636

We don’t use newspaper articles for economic analysis. Only what investors, CEOs, companies say as they are the ones making the investment decisions, not newspapers. Like below.

Very Bullish About Indian Startup Ecosystem: Google CEO Pichai

But he also felt that there was an opportunity for India to help make it easier for startups to scale in the country , , sundar pichai, google, startups, indian startups

www.businessworld.in

https://www.businesstimes.com.sg/companies-markets/capitaland-india-trust-ceo-bullish-growth-opportunities-amid-global-jitters

Why are global CEOs bullish about India?

India continues to remain as a bright spot on the world economic map. That's the sentiment echoed by prominent global CEOs recently. Find out the reasons driving the bullish sentiment

www.business-standard.com

And this is a great article on the differences in Chinese and Indian manufacturing growth.

Overseas Analysts Bullish on Indian Manufacturing

Industry pundits are once again turning bullish on the Indian economy as India is fast emerging as a global manufacturing hub. But Can India scale up its production to Chinese...

www.automationworld.com

These kinds of views and news is what matters - not the low grade writeups by newspapers.

 

[RoaringTigerHiddenDragon]

Another CEO:

I am quite bullish on India becoming a manufacturing powerhouse in the times to come

The Indian steel sector is a 'Bright' star especially at a time when the world outside India is reeling under a looming recession, energy crisis, high inflation and many such factors. Let's trigger the discussion with some data. India, the world's second largest crude steel producer consumed...

constructiontimes.co.in

 

[RoaringTigerHiddenDragon]

Also innovations like this in India would mean Indian quality and products are going to be world beating.

https://www.constructionweekonline.in/business/cummins-group-in-india-unveils-cv-industrys-first-fuel-agnostic-platform-at-auto-expo-2023

 

[Indx TechStyle]

China's 2022 growth seen as its lowest in 40 years

Synopsis
Ten experts interviewed by AFP forecast an average 2.7 percent year-on-year rise in gross domestic product (GDP) for the world's second-largest economy, a sharp plunge from China's 2021 growth of more than 8 percent.

China

's economic growth for 2022 is expected to have been among its weakest in four decades after the twin crises of the pandemic and property woes, analysts said ahead of Tuesday's GDP announcement.

Ten experts interviewed by AFP forecast an average 2.7 percent year-on-year rise in gross domestic product (GDP) for the world's second-largest economy, a sharp plunge from China's 2021 growth of more than 8 percent.

It could also be China's slowest pace since a 1.6 contraction in 1976 -- the year Mao Zedong died -- and excluding 2020, after the Covid-19 virus emerged in Wuhan in late 2019.

Beijing had set itself a growth target of around 5.5 percent for 2022 but this was undermined by the government's "zero-Covid" policy, which put the brakes on manufacturing activity and consumption.

Strict lockdowns, quarantines and compulsory mass testing prompted abrupt closures of manufacturing facilities and businesses in major hubs -- like Zhengzhou, home of the world's biggest iPhone factory -- and sent reverberations across the global supply chain.

Beijing abruptly loosened pandemic restrictions in early December after three years of enforcing some of the harshest Covid measures in the world.

- 'Growth is slowing' - China is battling a surge in Covid cases that has overwhelmed its hospitals and medical staff.

This is likely to reflect in 2022's fourth-quarter growth, which will also be announced on Tuesday alongside a series of other indicators such as retail, industrial production and employment.

"The fourth quarter is relatively difficult," said economist Zhang Ming of the Chinese Academy of Social Sciences in Beijing.

"No matter whether it's by the metrics of consumption or investment, the growth is slowing."

China's exports took their biggest plunge since the start of the pandemic in December, contracting 9.9 percent year-on-year, while consumption was in the red in November and investment has slowed.

"The three horse carriages of the Chinese economy are all facing a relatively evident downward pressure in the fourth quarter," Zhang said.

Rabobank analyst Teeuwe Mevissen echoed Zhang, saying the final quarter will "almost certainly show a decline because of the fast spread of Covid" after the loosening of health restrictions in December.

"This will affect both demand and supply conditions for the worse," he said.

Problems in the property sector are also still weighing on growth, Mevissen said.

This sector, which along with construction accounts for more than a quarter of China's GDP, has been suffering since Beijing started cracking down on excessive borrowing and rampant speculation in 2020.

This regulatory tightening marked the beginning of financial worries for Evergrande, the former Chinese number one in real estate that is now strangled by huge debt.

Real estate sales have since fallen in many cities and many developers are struggling to survive.

However, the government appears to be taking a more conciliatory approach to reviving this key sector.

Measures to promote "stable and healthy" development were announced in November, including credit support for indebted developers and assistance for deferred-payment loans for homebuyers.

- 'Worst is over' - Some analysts took these measures as a reason for optimism.

"The transitional phase will likely be bumpy as the country may need to grapple with surging cases and increasingly stretched health systems," warned analyst Jing Liu of HSBC, predicting a slowdown in the near term.

But, after three years of health restrictions, "China's reopening process has started", she said.

The World Bank forecast China's GDP will rebound to 4.3 percent for 2023 -- still below expectations.

Economist Larry Yang declared 2023 as "the year of returning to certainty".

He said he expected growth to accelerate quarter by quarter in 2023, forecasting 5 percent GDP for the full year -- a prediction in line with other analysts interviewed by AFP.

"The worst period of the economy itself has already passed," Yang said.

 

[ym888]

Also innovations like this in India would mean Indian quality and products are going to be world beating.

https://www.constructionweekonline.in/business/cummins-group-in-india-unveils-cv-industrys-first-fuel-agnostic-platform-at-auto-expo-2023

Cummins is an American company. There is a Chinese version of this PR article. Its biggest technology centre outside America recently opened in Wuhan.




Cummins East Asia Research and Development Center new base opened in Wuhan

2022-11-25 19:51





Photo by Zou Hao at the launch ceremony of the new base of Cummins East Asia R&D Center



China News Network Wuhan November 25 (reporter Zhang Qin) Cummins East Asia Research and Development Center in Wuhan Economic and Technological Development Zone officially opened its new site on August 25. The new base covers an area of about 78,000 square meters, three times larger than the original research and development center. New research and development center on the basis of further strengthening the traditional energy power innovation breakthrough, new exclusive new energy power experiment building.



Cummins is the world's leading power equipment manufacturer. As its largest technology center outside the United States, the East Asia R&D Center is the leading scale and technology development capability, which is an important engine for Cummins' business development in China.



The new base contains a new energy power research and development building, equipped with the latest fuel cell laboratory, multifunctional powertrain laboratory, transmission system laboratory, hydrogen internal combustion engine laboratory and vehicle hub laboratory. From engine and powertrain to new energy power, the opening of the new base marks the improvement of Cummins' full range of powertrain solutions research and development capabilities, and can meet the needs of diversified technology upgrades, especially zero carbon power solutions.



It is reported that Cummins' five business segments are rooted in Hubei, including seven manufacturing bases. Nathan Shi, vice president of Cummins, said in a video address that the East Asia research and development Center is the core of Cummins' goal to achieve zero carbon 2050.

Zero-carbon concept truck on display. Photo by Zou Hao



Zhang Jinhua, Executive Vice president and secretary general of China Society of Automotive Engineering, believes that Cummins East Asia R&D Center, as an important incubator of global advanced engine technology, has also become an important force to promote the technological progress and industrial green transformation of relevant industries in China.



At the launch site of the new base, Cummins presented many new low carbon and zero carbon power solutions. These include: new high efficiency diesel engine, six natural gas clean power, multi-fuel engine platform, hydrogen internal combustion engine, fuel cell, as well as Cummins engine, Eton Cummins transmission and Cummins Merch axle composed of multiple powertrain solutions. Return to Sohu for more information

 

[SexyChineseLady]

Cummins is an American company. There is a Chinese version of this PR article. Its biggest technology centre outside America recently opened in Wuhan.




Cummins East Asia Research and Development Center new base opened in Wuhan

2022-11-25 19:51





Photo by Zou Hao at the launch ceremony of the new base of Cummins East Asia R&D Center



China News Network Wuhan November 25 (reporter Zhang Qin) Cummins East Asia Research and Development Center in Wuhan Economic and Technological Development Zone officially opened its new site on August 25. The new base covers an area of about 78,000 square meters, three times larger than the original research and development center. New research and development center on the basis of further strengthening the traditional energy power innovation breakthrough, new exclusive new energy power experiment building.



Cummins is the world's leading power equipment manufacturer. As its largest technology center outside the United States, the East Asia R&D Center is the leading scale and technology development capability, which is an important engine for Cummins' business development in China.



The new base contains a new energy power research and development building, equipped with the latest fuel cell laboratory, multifunctional powertrain laboratory, transmission system laboratory, hydrogen internal combustion engine laboratory and vehicle hub laboratory. From engine and powertrain to new energy power, the opening of the new base marks the improvement of Cummins' full range of powertrain solutions research and development capabilities, and can meet the needs of diversified technology upgrades, especially zero carbon power solutions.



It is reported that Cummins' five business segments are rooted in Hubei, including seven manufacturing bases. Nathan Shi, vice president of Cummins, said in a video address that the East Asia research and development Center is the core of Cummins' goal to achieve zero carbon 2050.

Zero-carbon concept truck on display. Photo by Zou Hao



Zhang Jinhua, Executive Vice president and secretary general of China Society of Automotive Engineering, believes that Cummins East Asia R&D Center, as an important incubator of global advanced engine technology, has also become an important force to promote the technological progress and industrial green transformation of relevant industries in China.



At the launch site of the new base, Cummins presented many new low carbon and zero carbon power solutions. These include: new high efficiency diesel engine, six natural gas clean power, multi-fuel engine platform, hydrogen internal combustion engine, fuel cell, as well as Cummins engine, Eton Cummins transmission and Cummins Merch axle composed of multiple powertrain solutions. Return to Sohu for more information

Cummins is only one of many Western powertrain firms doing research in China. Safran and GE have major R&D facilities in China too.

Trying to use Western collabs as an argument against China is rather silly. Because of the huge market and infrastructure, there are far more multi-nationals doing research, development and co-production in China than any other country outside the US. India would not come close to the collaborations that China has.

Airbus and Tesla actually have assembly plants in China and the processes developed there are actually used in the rest of their plants outside China

 

[SexyChineseLady]

Did you know that the Tesla's plant in Shanghai produces more cars and of higher quality than their plant in the US?

Chinese teams are actually sent to the US to make things there better!

Focus: Tesla sends Shanghai boss and aides to jumpstart U.S. output

Tesla Inc's China chief Tom Zhu and a team of his reports has been brought in to troubleshoot production issues in the United States, fueling talk among colleagues he is being groomed for a bigger role at a time when Chief Executive Elon Musk has been distracted by Twitter.

www.reuters.com

Over Half Of All Teslas Sold In 2022 Were Made In Giga Shanghai

Tesla's Giga Shanghai was responsible for building more than half of all Teslas sold last year.

insideevs.com

Jan 08, 2023 at 4:53pm ET
By: Ben O'Hare

Giga Shanghai produced more than half of all Teslas sold last year. According to new figures released by the CPCA, Giga Shanghai was responsible for the production of 710,865 vehicles in 2022. And given Tesla sold 1,313,851 cars last year, that means 54.1 percent came from the Chinese plant.

Tesla's third gigafactory, production started in Shanghai back in December 2019. The plant currently employs 2,000 people and has a reputation for superb build quality, with consumers often finding Shanghai-built Teslas have fewer panel gaps than Fremont cars.

 

[RoaringTigerHiddenDragon]

The cost of insane focus on trying to show GDP growth. This is exactly why China is the low value factory of the world. Only in other dictatorships like Myanmar and NK such human mining is possible.

 

[RoaringTigerHiddenDragon]

Did you know that the Tesla's plant in Shanghai produces more cars and of higher quality than their plant in the US?

Chinese teams are actually sent to the US to make things there better!

Focus: Tesla sends Shanghai boss and aides to jumpstart U.S. output

Tesla Inc's China chief Tom Zhu and a team of his reports has been brought in to troubleshoot production issues in the United States, fueling talk among colleagues he is being groomed for a bigger role at a time when Chief Executive Elon Musk has been distracted by Twitter.

www.reuters.com

Over Half Of All Teslas Sold In 2022 Were Made In Giga Shanghai

Tesla's Giga Shanghai was responsible for building more than half of all Teslas sold last year.

insideevs.com

Jan 08, 2023 at 4:53pm ET
By: Ben O'Hare

Giga Shanghai produced more than half of all Teslas sold last year. According to new figures released by the CPCA, Giga Shanghai was responsible for the production of 710,865 vehicles in 2022. And given Tesla sold 1,313,851 cars last year, that means 54.1 percent came from the Chinese plant.

Tesla's third gigafactory, production started in Shanghai back in December 2019. The plant currently employs 2,000 people and has a reputation for superb build quality, with consumers often finding Shanghai-built Teslas have fewer panel gaps than Fremont cars.

Tesla‘s stock prices have crashed. More competitors are coming in the USA. We shall see what happens to Tesla. Investors are angry with Musk. Tesla will not be able to sell “made in China” Tesla in all countries that have banned Chinese 5G networks, for the same reason - security threats. In the USA, even CCP video camera companies like HikVision are banned. Musk is playing a losing game. He is not going to get any orders from large markets like India. So, it is his call if he does not open a Gigafactory in India but he will lose a giant market.