China Economy: News & Discussion

[SexyChineseLady]

Over time, this will change the landscape of the Fortune 500. Boeing will be locked into a permanent slot below Airbus. They cannot compensate for sales lost in China. The same will apply to other American companies.

Airbus widens its lead over Boeing in China with plans for second finishing line | CNN Business

Airbus announced plans Thursday for a second final-assembly line in China, the latest sign that it has a lock on the key aviation market over rival Boeing.

amp.cnn.com

 

[Blademaster]

Or Boeing/US can improve relations with India and put India on the same path as China and build a couple factories in India and capture that market there.

 

[vin bharat mahan]

The paid agent part is hilarious. I'd imagine if I were paid, it'd be writing op-ed posts to BBC or NYT instead of the China section of an Indian online forum where hardly anyone of consequence can be affected.

I like posting about Chinese stuff because there is a sense of ethnic pride that I and a lot of other Overseas Chinese have over the rise of China -- just like you Indians do over India. I have no animosity towards India and wouldn't be here at all if you had no China section

we hv no problem with ur pride toward ur country....we indians only dont like u coz firstly u grab our friendly nd independent tibbet nd trying to destroy their culture. second thing u hv big chunk of our land "aksai chin". not just that u also claim in our ladhakh, arunanchal pradesh etc parts. so its natural we (india) hate ur establishment nd their supporter. we see ur people hostility nd hate toward america actions, although they didnt grab ur lands nd claim in ur land. so it natural that u guys hate/dislike america for its action nd we tenfold hate/dislike u for ur actions. otherwise we hv no problem with u before 1950 nd we hv thousand of years of business nd cultural relationship. so i give u reason, why indian hate u guys. thanku, keep posting.

 

[SexyChineseLady]

Or Boeing/US can improve relations with India and put India on the same path as China and build a couple factories in India and capture that market there.

I think it is possible but that is a hope for the future not anything that can offset the losses in China any time soon.

Also Boeing has to win majority of India's market first

Boeing Stock: Mythical China Shock Offset With India Win (NYSE:BA)

Suggestion that The Boeing Co. pivots to India is not supported by Boeing's comments or numbers. Read as I explain why it is more complex than one would think.

seekingalpha.com

 

[rockdog]

Or Boeing/US can improve relations with India and put India on the same path as China and build a couple factories in India and capture that market there.

Build ur HSR network,.save ur USD for internal circulation, Inida map is suitable for this.

 

[rockdog]

Wow! A second Airbus assembly plant in China!

Airbus to Double Production in China as It Moves Ahead With New Orders (Published 2023)

The France-based plane maker announced the agreement despite pressure on Europe from the Biden administration to isolate Beijing.

www.nytimes.com

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View attachment 199640

Biggest ship building deal China got for recent:

CMA CGM and CSSC Sign Largest Containership Order Valued at $3B

CMA CGM and CSSC Sign Largest Containership Order Valued at $3B

CMA CGM is reported to have signed the largest container shipbuilding order placed in China for a total of 16 new vessels to be built by yards within...

www.maritime-executive.com

 

[SexyChineseLady]

Build ur HSR network,.save ur USD for internal circulation, Inida map is suitable for this.

True, long distance HSR decreases a country's dependence on air travel and forces the Airbus-Boeing Duopoly to make hard choices to keep a market because it wouldn't be competing against another aircraft maker but against another entire industry. They need to keep the customer country supporting the civil aviation infrastructure (airlines, airports, MROs, etc.) instead of using the pool of resources allotted to transportation to be put into rail instead. They need make sure the customer sees benefits in keeping air travel aloft against rail and that would include price, jobs or skills and tech transfers.

But if they know you have no choice but to use air travel and to use them then they would be unlikely to yield anything.

China's HSR has reduced China's overall need for air travel and dependence on the Duopoly and COMAC threatens to reduce dependence further still. At the same time, China's aviation market -- because of the size of China's economy -- is still massively bigger than any country besides the US. All three create pressure points to make the Duopoly yield benefits in terms of factories, jobs and skills and technology transfers.

When the CJ1000 and CJ500 come aboard and begin powering C919s and ARJ-21s, pressure will increase exponentially. Airbus could become more like Tesla in China.

Tesla's Shanghai gigafactory build and export more Tesla vehicles than the rest of Tesla's factories in the US and Europe combined

 

[KurtisBrian]

Biggest ship building deal China got for recent:

CMA CGM and CSSC Sign Largest Containership Order Valued at $3B

CMA CGM and CSSC Sign Largest Containership Order Valued at $3B

CMA CGM is reported to have signed the largest container shipbuilding order placed in China for a total of 16 new vessels to be built by yards within...

www.maritime-executive.com

So factories of the massively indebted get moved to China.
Dual use technologies are provided or sold (like helicopters, engines perhaps even the Lavi jet).
China gets to use the factories to make lots of goods and thus sales ensuring a steady stream of money.
When consumer economy slows the Gov't of Catholic France ensures that China income stream continues.
Guess China is being well funded so it can afford weapons and wage war.

Supposedly Ukraine war was planned before it occurred. So who is China being built up to face?

Catholic Taoist Biden and NATO (TAO) have made sure that Russians/Ukrainians get a look at "Western" technology. Russians and Ukrainians do have history of sending technology to China.

 

[rockdog]

So factories of the massively indebted get moved to China.
Dual use technologies are provided or sold (like helicopters, engines perhaps even the Lavi jet).
China gets to use the factories to make lots of goods and thus sales ensuring a steady stream of money.
When consumer economy slows the Gov't of Catholic France ensures that China income stream continues.
Guess China is being well funded so it can afford weapons and wage war.

Supposedly Ukraine war was planned before it occurred. So who is China being built up to face?

Catholic Taoist Biden and NATO (TAO) have made sure that Russians/Ukrainians get a look at "Western" technology. Russians and Ukrainians do have history of sending technology to China.

recent post

 

[KurtisBrian]

recent post

View attachment 199821

Kennedy, an Irish Catholic, has also chosen the US.

What China has or does, in China, has limited relevance to non Chinese. People who are actual owners don't go to China because they will never been an owner in China. That is caused not only by communism but also ethnicity. Many other nations are similar.

Those who seek to serve at jobs or desire trade/money/loans might go to China, for a time, in hopes of gaining transferable wealth. Since there are too many ethnic Chinese to usurp the place accessed wealth will be transferred away. Preferably to where the person's people live, a homeland where they can be an owner.

 

[rockdog]

Kennedy, an Irish Catholic, has also chosen the US.

What China has or does, in China, has limited relevance to non Chinese. People who are actual owners don't go to China because they will never been an owner in China. That is caused not only by communism but also ethnicity. Many other nations are similar.

Those who seek to serve at jobs or desire trade/money/loans might go to China, for a time, in hopes of gaining transferable wealth. Since there are too many ethnic Chinese to usurp the place accessed wealth will be transferred away. Preferably to where the person's people live, a homeland where they can be an owner.

Before the Russia-Ukraine war, i did believe so. But, after USA took Russia's national for foreign exchange reserve and even individual's asset with some obsurd reasons; plus looting the personal moeny in the excuse of banking crisis, many people don't believe so. Plus US is abusing its dollcar dominance, people and nations don't trust it any more, the de-dollar-lization is on the way.

Recently, lots of hot money (not only oversea Chinese) flea from USA and Swiss, and rush to Singapore and Hong Kong. I think USA is destroynig its own credibilities.

 

[Cheepek]

Long read but since it's coming for Michael Pettis, it's worth it!

https://carnegieendowment.org/chinafinancialmarkets/89466

 

[Concard]

Before the Russia-Ukraine war, i did believe so. But, after USA took Russia's national for foreign exchange reserve and even individual's asset with some obsurd reasons; plus looting the personal moeny in the excuse of banking crisis, many people don't believe so. Plus US is abusing its dollcar dominance, people and nations don't trust it any more, the de-dollar-lization is on the way.

Recently, lots of hot money (not only oversea Chinese) flea from USA and Swiss, and rush to Singapore and Hong Kong. I think USA is destroynig its own credibilities.

Everyone wants to move away from dollar because of Fed's excessive printing operations. However, no one wants to provide an alternative. China talks about de-dollarization but how about they start with dumping treasury bonds for a start? Will China want RMB to replace dollar? This will mean China opening up capital accounts and having their currency freely convertible in addition to floating the currency on the market. I don't think that would be happening ever. CCP barely allows foreigners to hold stake in Chinese companies. Chinese companies listed on US stock exchanges create a shell company with the same name in Cayman islands something called "Variable interest entity" and list that Shell company on US stock exchange. They have found a work around with blessings of CCP but everyone knows when shit goes down the investors will be holding junk stock in a Shell company with just a postal address.

To some extent de-dollarization is possible with some heavy lifting. Assuming there are two countries X and Y, one country will be running a surplus and another one will be running a deficit. If both X and Y are dependent on each other for let's say $500 million worth of goods and services then they can settle this trade in their own currencies in their own banking channels. Throw in some hedging to account for fluctuations in their currencies. This is how Europeans used to do trade before they introduced Euro currency. Every trade transaction needed a hedging but this was not practical as trade volumes were increasing and were in billions. Germans particularly were being effected as Deutsche Mark was appreciating since they are a export led nation. This is when they came up with a brilliant idea to introduce Euro and convinced 17 nations to adopt it in 1998. Euro worked fine for Germans as it gave economies of scale and a stable currency to trade across the block. However, it screwed over countries like Greece, Spain, Italy and Portugal.

Euro for Germans is a weak currency, however for Greeks it is a strong currency making their exports expensive. It is like as if Germans took control of continental Europe without firing a bullet unlike last two attempts in 20th century. Greeks, Portuguese, Spanish, Italians surrendered their monetary policy to European central bank. Meanwhile Germans were running trade surpluses like crazy. Even then Euro has not been able to replace dollar fully as the foundation itself is shaky. In order to replace Dollar, the alternative currency has to be stable and meet a number of other conditions and benchmarks. At the most you can reduce your reliance on dollar to some extent by trading in your own currencies like I said at the beginning, but completely cutting yourself off the green backs is impossible.

 

[KurtisBrian]

Before the Russia-Ukraine war, i did believe so. But, after USA took Russia's national for foreign exchange reserve and even individual's asset with some obsurd reasons; plus looting the personal moeny in the excuse of banking crisis, many people don't believe so. Plus US is abusing its dollcar dominance, people and nations don't trust it any more, the de-dollar-lization is on the way.

Recently, lots of hot money (not only oversea Chinese) flea from USA and Swiss, and rush to Singapore and Hong Kong. I think USA is destroynig its own credibilities.

you posted that you bought a car in China. You must be in China. You believe China is the future, you are in China, you walk your talk. That is admirable.

 

[rockdog]

you posted that you bought a car in China. You must be in China. You believe China is the future, you are in China, you walk your talk. That is admirable.

It's not admirable. China has around 300-400 million mid class, their purchase power and living standard is better than Brazil and Mexico, even they are the same USD10000/per level, and i m just one of them.

I m 40 yrs, my son's gerenation is truly admirable, they are born in digital times, and never experienced poverty, shortage, and they get whatever kind of education/sports they want. I think they are the most competitive generation compares to the Western.

 

[jai jaganath]

 

[rockdog]

Tesla to build battery factory in Shanghai as Apple shifts more iPhone production out of China

The Tesla‘s 2nd factory in Shanghai!

This is huge news, Musk is the cost-deduction anaimal, and he chooses Shanghai again ...

Tesla to build battery factory in Shanghai as Apple shifts more iPhone production out of China

Tesla already produces vehicles in its Shanghai Gigafactory and now plans to deepen its investment in China.

fortune.com

--------------------------------------

News from Chinese media:

According to Tao Lin, Tesla’s global vice president, the Tesla Shanghai Gigafactory, which was put into production in 2019, has achieved a localization rate of more than 95% of the industrial chain—its localized components include powertrain systems, Electric drive system, charging system, chassis, body, etc., involve more than 180 domestic direct and indirect suppliers, of which the Yangtze River Delta suppliers account for 56%.

... ...

In fact, as early as the beginning of 2020, Shanghai had proposed the idea of promoting the "Tesla Experience". Tesla started construction, completed construction, put into production, selling the 1st car in the same year (2019), setting industry records and "Shanghai Speed". Shanghai hopes to change the "Tesla experience" from "special handling" to a normal service, so that "Tesla speed" can be reflected in more projects.

 

[jai jaganath]

Tesla to build battery factory in Shanghai as Apple shifts more iPhone production out of China

The Tesla‘s 2nd factory in Shanghai!

This is huge news, Musk is the cost-deduction anaimal, and he chooses Shanghai again ...

Tesla to build battery factory in Shanghai as Apple shifts more iPhone production out of China

Tesla already produces vehicles in its Shanghai Gigafactory and now plans to deepen its investment in China.

fortune.com

--------------------------------------

News from Chinese media:

According to Tao Lin, Tesla’s global vice president, the Tesla Shanghai Gigafactory, which was put into production in 2019, has achieved a localization rate of more than 95% of the industrial chain—its localized components include powertrain systems, Electric drive system, charging system, chassis, body, etc., involve more than 180 domestic direct and indirect suppliers, of which the Yangtze River Delta suppliers account for 56%.

... ...

In fact, as early as the beginning of 2020, Shanghai had proposed the idea of promoting the "Tesla Experience". Tesla started construction, completed construction, put into production, selling the 1st car in the same year (2019), setting industry records and "Shanghai Speed". Shanghai hopes to change the "Tesla experience" from "special handling" to a normal service, so that "Tesla speed" can be reflected in more projects.

 

[Cheepek]

China Consumer Price Growth Eases, Reflecting Caution on the Economy

China Consumer Price Growth Eases, Reflecting Caution on the Economy

Inflation in China eased for the second straight month in March despite signs of a pickup in the economy.

www.wsj.com

 

[another_armchair]

Modern Chinese village.. watch how artificial intelligence and automation helps improve lives of villagers, especially the elderly. Those houses are truly enviable... so modern, they make urban condos look primitive.