China Economy: News & Discussion

[Cheepek]

Lol wumao make them understand, not me



My understanding is pretty simple, Wuhan's local government is finding it really hard to maintain fiscal prudence, hence the axe has fallen on medical insurance for the elderly.

To prove me wrong, all you have to do is show me where the benefits of medical insurance have increased to compensate for the reduction in disbursements.

Alleged health "reform"

 

[SexyChineseLady]

Dominant in another new economy sector:

 

[Cheepek]

Will China Dump Its Dark Deal with America? | by Yanis Varoufakis - Project Syndicate

Yanis Varoufakis thinks the new cold war with the US could take away a decades-long pillar of the dollar’s global primacy.

www.project-syndicate.org

 

[rockdog]

Dominant in another new economy sector:

China will producre energy, rather than buying resource to generate energy.

 

[rockdog]

Chinese EV almost dominate the Thailand market, sales table 2023 Jan.

Only Mini and BMW are from Europe.

 

[rockdog]

HESAI Lidar now is almost the same position as DJI in Lidar area, and Chinese government put Lidar tech to export ban list. My friend just invested it from Nasdaq.

Lidar is the key component of EV industry, but also crucial in military application.

Hesai Wins Top Rankings in the Global Market Revealed by Yole Group's 2022 LiDAR Industry Report

Hesai Wins Top Rankings in the Global Market Revealed by Yole Group's 2022 LiDAR Industry Report

/PRNewswire/ -- Recently, Yole Intelligence, part of Yole Group, a world-renowned marketing and strategic consulting firm, released the "LiDAR 2022 - Focus on...

www.prnewswire.com

China plans to add seven new items to its Catalogue of Technologies Prohibited or Restricted from Export, including solar tech

China plans to add seven new items to its Catalogue of Technologies Prohibited or Restricted from Export, including solar tech

China is considering adding seven new items including LiDAR systems and solar tech to its Catalogue of Technologies Prohibited or Restricted from Export.

www.ijiwei.com

 

[SexyChineseLady]

HESAI Lidar now is almost the same position as DJI in Lidar area, and Chinese government put Lidar tech to export ban list. My friend just invested it from Nasdaq.

Lidar is the key component of EV industry, but also crucial in military application.

Hesai Wins Top Rankings in the Global Market Revealed by Yole Group's 2022 LiDAR Industry Report

Hesai Wins Top Rankings in the Global Market Revealed by Yole Group's 2022 LiDAR Industry Report

/PRNewswire/ -- Recently, Yole Intelligence, part of Yole Group, a world-renowned marketing and strategic consulting firm, released the "LiDAR 2022 - Focus on...

www.prnewswire.com

View attachment 193722


China plans to add seven new items to its Catalogue of Technologies Prohibited or Restricted from Export, including solar tech

China plans to add seven new items to its Catalogue of Technologies Prohibited or Restricted from Export, including solar tech

China is considering adding seven new items including LiDAR systems and solar tech to its Catalogue of Technologies Prohibited or Restricted from Export.

www.ijiwei.com

(And we are not mentioning HSR, new nuclear power plants and pharmaceutical APIs)

 

[SexyChineseLady]

China is opening up a wide gap with South Korea which was the only global competitor left in shipbuilding.

The last big hurdle was LNG tankers. Korea had 95% of those orders just three years ago. But the big difference is China now produces Invar alloy on which LNG tankers are dependent while South Korea needs to import that from France:

 

[Cheepek]

Exports

https://www.scmp.com/economy/china-economy/article/3210870/chinas-shipping-containers-pile-overcrowded-port-overseas-orders-dwindle

Boosting consumption!

Business News - Read Latest Startup, Tech, Markets, Finance, Science News - Business Insider India

Business News - Read Startup, Auto, Tech, Stock Market, Finance, Career, Education, Science, Health, Mobile, Crypto, Sustainability News. Business Insider India

www.businessinsider.in

 

[jadoogar]

Exports

https://www.scmp.com/economy/china-economy/article/3210870/chinas-shipping-containers-pile-overcrowded-port-overseas-orders-dwindle

Boosting consumption!

Business News - Read Latest Startup, Tech, Markets, Finance, Science News - Business Insider India

Business News - Read Startup, Auto, Tech, Stock Market, Finance, Career, Education, Science, Health, Mobile, Crypto, Sustainability News. Business Insider India

www.businessinsider.in

According to cnn.com (google search for cheen gdp 2022), Cheen GDP for 2022 was USD 17.4 trillion

That is USD 12400 per capita, 2022
And all that they can hand out is $6 per month to a part of the population

 

[FalconSlayers]

that Twitter post was from a person named, kanthan thus "Can't Han".

That guy indeed is a Han with a fake Indian account

 

[Cheepek]

According to cnn.com (google search for cheen gdp 2022), Cheen GDP for 2022 was USD 17.4 trillion

That is USD 12400 per capita, 2022
And all that they can hand out is $6 per month to a part of the population

Taking a cue from PM Kisan Samman Nidhi , eerily similar amount

 

[SexyChineseLady]

This is not new and has been happening for a decade. Wages in China are MUCH higher than most countries in Asia (barring Japan, SoKo and RoC.)

 

[rockdog]

According to cnn.com (google search for cheen gdp 2022), Cheen GDP for 2022 was USD 17.4 trillion

That is USD 12400 per capita, 2022
And all that they can hand out is $6 per month to a part of the population

There are so many different subsidies from different departments from city, province, nation level.

The most absurd one is, there are B**f & mutton allowance for our muslim people:

At county level, each muslim gets 100RMB = ￥USD17 to buy B**f & mutton.

Imagine if this policy applies in India...

2022年全县回族等具有清真饮食习惯的少数民族肉食补贴发放公告 -通知公告-饶河县人民政府

 

[rockdog]

MIT article: How did China come to dominate the world of electric cars?

From generous government subsidies to support for lithium batteries, here are the keys to understanding how China managed to build a world-leading industry in electric vehicles.

... ...

How did China come to dominate the world of electric cars?

From generous government subsidies to support for lithium batteries, here are the keys to understanding how China managed to build a world-leading industry in electric vehicles.

www.technologyreview.com

 

[Shuturmurg]

China eating Germany's lunch in automobile due to EV's .

 

[SexyChineseLady]

China eating Germany's lunch in automobile due to EV's .

Japan is next!

 

[SexyChineseLady]

China has high salaries in its cities, therefore the push to automation:

 

[KurtisBrian]

International trade in cars - Statistics Explained

EU statistics show that the car industry is of prime importance to the economy and plays a major role in international trade.

ec.europa.eu

EU (mostly Germans) doing better than in the early 2000's. Perhaps they sell less but at even higher prices and margins.
That is good for the rich and other well paid or rewarded servants of the Empire.

 

[Shuturmurg]

View attachment 194887

International trade in cars - Statistics Explained

EU statistics show that the car industry is of prime importance to the economy and plays a major role in international trade.

ec.europa.eu

EU (mostly Germans) doing better than in the early 2000's. Perhaps they sell less but at even higher prices and margins.
That is good for the rich and other well paid or rewarded servants of the Empire.

They peaked in 2014, and its been a decline since (Other than the normal post covid recovery). Also, with move towards EV's, china is going to eat their lunch.