China Economy: News & Discussion

[SexyChineseLady]

 

[SexyChineseLady]

China's charge into aviation is highly followed in corporate Japan:

 

[SexyChineseLady]

Traditionally, super large luxury cruise ships had been made in Europe but China has broken into this market and gaining attention!

 

[FalconSlayers]

 

[astransastra]

Games too!

Massive gaming convention in Shanghai going on right now at China Joy 2023! China culture and history is infuses throughout many of the games!

Good for you, at least millennials and gen Z are connected to roots virtually if not in real. Something is better than nothing i would say...but certainly i don't wish Indian gen Z to be going that route of knowing their roots only by playing eSports and video games

 

[SexyChineseLady]

 

[SexyChineseLady]

This is very funny!

 

[ym888]

Chip imports from China up 53% in last 3 financial years: MoS IT Rajeev Chandrasekhar
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Chip imports from China up 53% in last 3 financial years: MoS IT Rajeev Chandrasekhar
ETtechLast Updated: Jul 31, 2023, 07:13 PM IST
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Synopsis
Total semiconductor chip imports increased from Rs 67,497 crore in 2020-21 to Rs 129,703 crore in 2022-23, Chandrasekhar said in his written response

ETtechMinister of state for electronics & information technology Rajeev Chandrasekhar
Global semiconductor chip imports increased by 92% over the last three financial years, while those from China increased by 53%, showed data presented by the minister of state for electronics and information technology (MoS IT) Rajeev Chandrasekhar in Rajya Sabha .

Total semiconductor chip imports increased from Rs 67,497 crore in 2020-21 to Rs 129,703 crore in 2022-23, Chandrasekhar said in his written response to a question by MP Abir Ranjan Biswas, citing data from the Directorate General of Commercial Intelligence & Statistics (DGCIS) portal.

The data also showed that such imports from China increased from Rs 24,604 crore to Rs 37,681 crore over the same period.

These imports are at nil basic custom duty, the minister said, as India is a signatory to the Information Technology Agreement (ITA-1) of the World Trade Organisation, which covers most electronic components, including semiconductor integrated circuits (chips).

The “Monolithic integrated circuits – digital” category made up the highest proportion of the imports from the world, as well as from China, valuing at Rs 82,283 crore totally in 2022-23. Of this, imports worth Rs 30,960 crore are from China


This was followed by “Memories”, which saw imports of Rs 22,845 crore totally, of which Rs 2,589 crore was from China.


"Amplifiers" saw Rs 2,811 crore in global imports in 2022-23, of which Rs 639 crore was from China.

 

[RoaringTigerHiddenDragon]

Chip imports from China up 53% in last 3 financial years: MoS IT Rajeev Chandrasekhar
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Chip imports from China up 53% in last 3 financial years: MoS IT Rajeev Chandrasekhar
ETtechLast Updated: Jul 31, 2023, 07:13 PM IST
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1COMMENT
Synopsis
Total semiconductor chip imports increased from Rs 67,497 crore in 2020-21 to Rs 129,703 crore in 2022-23, Chandrasekhar said in his written response

ETtechMinister of state for electronics & information technology Rajeev Chandrasekhar
Global semiconductor chip imports increased by 92% over the last three financial years, while those from China increased by 53%, showed data presented by the minister of state for electronics and information technology (MoS IT) Rajeev Chandrasekhar in Rajya Sabha .

Total semiconductor chip imports increased from Rs 67,497 crore in 2020-21 to Rs 129,703 crore in 2022-23, Chandrasekhar said in his written response to a question by MP Abir Ranjan Biswas, citing data from the Directorate General of Commercial Intelligence & Statistics (DGCIS) portal.

The data also showed that such imports from China increased from Rs 24,604 crore to Rs 37,681 crore over the same period.

These imports are at nil basic custom duty, the minister said, as India is a signatory to the Information Technology Agreement (ITA-1) of the World Trade Organisation, which covers most electronic components, including semiconductor integrated circuits (chips).

The “Monolithic integrated circuits – digital” category made up the highest proportion of the imports from the world, as well as from China, valuing at Rs 82,283 crore totally in 2022-23. Of this, imports worth Rs 30,960 crore are from China


This was followed by “Memories”, which saw imports of Rs 22,845 crore totally, of which Rs 2,589 crore was from China.


"Amplifiers" saw Rs 2,811 crore in global imports in 2022-23, of which Rs 639 crore was from China.

:the chip imports from China were $3 Billion out of total imports of $16 billion. That is less than 20% share. In memory chips, China only had a share of around 12%. All data in the article itself. Clearly means India is meeting its chip demand from other countries. This is actually not a good news for China.

 

[RoaringTigerHiddenDragon]

Even the Chinese ass kissing rag, The Wall Street Journal is worried that China’s silicon ambitions are turning back into dust. This is a new low for the comrades over at the CCP.

China’s Tech Distress Grows as U.S. Chip Sanctions Bite

Semiconductor imports to China are falling and Chinese companies say they are struggling to get key components and machinery.

www.wsj.com

 

[SexyChineseLady]

China Was the World's Biggest Economic Miracle and It Will Be Again

China may succeed or fail in its high-tech transformation, but waiting for China to crash isn't a policy.

www.newsweek.com

...

China is building a new digital economy powered by AI and high-speed broadband, with 2.3 million of the world's 3 million 5G base stations and download speeds double ours. It has automated ports that can empty a container ship in 45 minutes rather than the 48 hours required at our port of Long Beach. It's also automated mines where no worker goes underground, factories controlled by AI, and warehouses in which robots do the sorting and packaging.
...
Demographic doomsayers are simply wrong. A declining workforce doesn't necessarily mean a declining economy. South Korea quintupled industrial production between 1990 and 2010 while its factory workforce fell by a fifth. It moved up the value-added chain to make high-end electronics, cars and computer chips. Higher education transformed South Korea from a cheap-labor venue to a high-tech contender.

China is on the same path. In 1994, just before the "Asian tigers" took off, Nobel Laureate Paul Krugman derided "the myth of Asia's miracle," claiming that the "tigers" had exhausted their reserves of cheap labor. He missed the jump in productivity to come, just as "peak China" pundits do today.

China is determined to lead the Fourth Industrial Revolution. The Chinese telecom giant Huawei claims to have 6,000 contracts to build enterprise 5G networks to support factory AI applications, as I reported in a March commentary for Newsweek. Huawei offers a Cloud-based AI system to enable firms to create their own applications. China is now the world's largest market for industrial robots. If what we have already seen in the EV sector propagates through the rest of the economy, China will gain an insurmountable lead in industry. U.S. tech controls don't have much impact. Industrial applications of AI run well enough on the older chips that China makes at home. Without access to the newest chips, Huawei can't sell a competitive 5G smartphone, but its AI apps can run factories, ports, and mines.

 

[Azaad]

China Was the World's Biggest Economic Miracle and It Will Be Again

China may succeed or fail in its high-tech transformation, but waiting for China to crash isn't a policy.

www.newsweek.com

View attachment 216650

...

China is building a new digital economy powered by AI and high-speed broadband, with 2.3 million of the world's 3 million 5G base stations and download speeds double ours. It has automated ports that can empty a container ship in 45 minutes rather than the 48 hours required at our port of Long Beach. It's also automated mines where no worker goes underground, factories controlled by AI, and warehouses in which robots do the sorting and packaging.
...
Demographic doomsayers are simply wrong. A declining workforce doesn't necessarily mean a declining economy. South Korea quintupled industrial production between 1990 and 2010 while its factory workforce fell by a fifth. It moved up the value-added chain to make high-end electronics, cars and computer chips. Higher education transformed South Korea from a cheap-labor venue to a high-tech contender.

China is on the same path. In 1994, just before the "Asian tigers" took off, Nobel Laureate Paul Krugman derided "the myth of Asia's miracle," claiming that the "tigers" had exhausted their reserves of cheap labor. He missed the jump in productivity to come, just as "peak China" pundits do today.

China is determined to lead the Fourth Industrial Revolution. The Chinese telecom giant Huawei claims to have 6,000 contracts to build enterprise 5G networks to support factory AI applications, as I reported in a March commentary for Newsweek. Huawei offers a Cloud-based AI system to enable firms to create their own applications. China is now the world's largest market for industrial robots. If what we have already seen in the EV sector propagates through the rest of the economy, China will gain an insurmountable lead in industry. U.S. tech controls don't have much impact. Industrial applications of AI run well enough on the older chips that China makes at home. Without access to the newest chips, Huawei can't sell a competitive 5G smartphone, but its AI apps can run factories, ports, and mines.

Congratulations. Meanwhile the markets China's selling to are consolidating against any further advantages that the factory of the world seeks to derive in addition to the ones it already has. Nor is the factory of the world able to increase consumption at home . Will be interesting to see how things pan out.

 

[rockdog]

Still around 70% share i guess.

 

[SexyChineseLady]

Congratulations. Meanwhile the markets China's selling to are consolidating against any further advantages that the factory of the world seeks to derive in addition to the ones it already has. Nor is the factory of the world able to increase consumption at home . Will be interesting to see how things pan out.

Very hard to increase the world's largest market by large percentage points but there are still increases in absolute numbers

 

[astransastra]

For giving perspective ,every time stats are churned out in terms of quantity, i request the stats in terms of trade value. Shows China was not even top 10 and not considered a player in this segment. Mexican, Dutch, Belgian and German beers are most sought after, and even lay men can easily name some good brands from those countries.

Beer Exports by Country 2022

Beer exports by country in 2022 plus a searchable database of these beer exporters

www.worldstopexports.com

Global: top beer export countries by trade value 2022 | Statista

Mexico was the world leader in terms of beer exports in 2022, shipping beer valued at over 5.4 billion U.S.

www.statista.com

 

[RoaringTigerHiddenDragon]

Tofu toilets as well. Xictator said we want toilets to attract tourists. The party secretaries looted the money and built nothing. Lol.

 

[FalconSlayers]

And chinks make up 6.3% growth when their real estate sector which contributes around a quarter of chinese economy is collapsing.

 

[Azaad]

Very hard to increase the world's largest market by large percentage points but there are still increases in absolute numbers

View attachment 216652

And how's this related to what I've posted unless as with everything else 70% of the beer you produce is exported. If it isn't then beer is good to make your fellow citizens feel contented with what they have. Perhaps CCP in their infinite wisdom must also be subsidizing beer aiding consumption for aforementioned reason.

 

[Azaad]

View attachment 216651

Still around 70% share i guess.

63% vs 55% in Q2 - 2022 & Q2-2023 respectively. That's the share of Chinese brands in India. Even an 82 IQ will tell you that . All you've to do is tally the Chinese brands listed by name there. The others segment is virtually devoid of Chinese brands. This means Chinese market share is coming down rapidly .

 

[rockdog]

63% vs 55% in Q2 - 2022 & Q2-2023 respectively. That's the share of Chinese brands in India. Even an 82 IQ will tell you that . All you've to do is tally the Chinese brands listed by name there. The others segment is virtually devoid of Chinese brands. This means Chinese market share is coming down rapidly .