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China Economy: News & Discussion
- Thread starter Rage
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SexyChineseLady
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International travel seeing ‘extraordinary growth’ after China’s reopening: Marriott CFO
Business, leisure, and group travel are seeing huge improvements in international bookings since China has eased its COVID-19 restrictions. Marriott International (MAR) CFO Leeny Oberg sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the recovery in the travel industry since...
SKC
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rockdog
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For some nations, the RMB is already used for purchasing their resources. Now the RMB can be circulated in international financial system:
english.elpais.com
Argentina Repays IMF Loan In Chinese RMB Yuan - Silk Road Briefing
Bilateral trade soaring while Peso plummets in value The emergence of the Chinese Yuan as a developing global alternative currency took a step forward last week with the Argentinian Central Bank making a loan repayment valued at US$1 billion to the International Monetary Fund in Chinese RMB...
www.silkroadbriefing.com
Argentina uses yuan for the first time to settle part of its IMF debt
The government of Alberto Fernández paid the equivalent of $2,7 billion in the Chinese currency and in the international organization’s reserve assets
SexyChineseLady
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It is funny that Western countries owe the most debt but East Asian countries are the main creditors
SexyChineseLady
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Like Jensen Huang (NVIDIA) and Terry Goh (Foxconn) from the RoC, Yang (Samsung) from the RoK are critical of the US Chip policy -- for decades China had decided to work with the RoC and RoK as part of its supply chain for semicon but the US policy is forcing China to concentrate on an internal supply chain that will inevitably impact Taiwan and Korea:
“The more the US sanctions China, the harder China will try to make rapid technological progress. China will provide more national support for the goal. Then it will pose a crisis to South Korea, given China’s abundant talent and raw materials.”
“The more the US sanctions China, the harder China will try to make rapid technological progress. China will provide more national support for the goal. Then it will pose a crisis to South Korea, given China’s abundant talent and raw materials.”
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Kindly restrict discuss the discussions to economy only. Post any other stuff in relevant threads by tomorrow morning.
@SexyChineseLady
I will delete all unrelated after 24 hours. Regards
@SexyChineseLady
I will delete all unrelated after 24 hours. Regards
RoaringTigerHiddenDragon
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Just for fun…this is what Amreekans build…a $2.3B sphere for entertainment purposes. Meanwhile CCP bots are like - we shipped the largest volume of crappy cars to Russia. China stronk! Lol.
rockdog
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Thanks for the introduction, the Unilumin not only provided LED and controlling system for this Sphere in Las Vegas, but also built another "Ball" for Saudi.A two years ago. I thought it's not rocket scicence to show off.
Unilumin Group Co., Ltd (300232.SZ) Stock Price, News, Quote & History - Yahoo Finance
Find the latest Unilumin Group Co., Ltd (300232.SZ) stock quote, history, news and other vital information to help you with your stock trading and investing.
finance.yahoo.com
rockdog
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Just for fun…this is what India build…a $2.3B sphere for tourism or whatever purposes. Meanwhile CCP bots are like - China provided materilals, processing, and shipped the all those parts from a unkonwn workshop in Jiangxi province to India. China stronk! Lol.
Do you guys have more orders like this? This is its website:
欢迎光临江西桐青金属工艺品股份有限公司_铜艺雕塑|吉祥物|青铜器|景泰蓝铜器_总高182米《团结》雕像
江西桐青金属工艺品股份有限公司是集创意设计、艺术铸造于一体的金属工艺品专业生产企业，国家文化产业示范基地，江西省重点文化产业，中国艺术铸造产业基地，全国尽管特需商品定点生产企业。
www.jx-yf.com
Last edited:
RoaringTigerHiddenDragon
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That’s right. All the value added design and construction foundation was done by Indian companies. The Chinese sent in a bunch of bronze sheets made to Indian specifications and think they have done something earth shattering. Lol.
RoaringTigerHiddenDragon
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LOL. It is not the LEDs that add value to the sphere. It is the sphere’s engineering design and construction, which was all done by American and European companies apparently. Indian company L&T built the massive outer cladding and vessel for the ITER fusion reactor but that is not much value add as the actual fusion technology at the core. We are not going to around claiming the ITER reactor happened because of L&T.Thanks for the introduction, the Unilumin not only provided LED and controlling system for this Sphere in Las Vegas, but also built another "Ball" for Saudi.A two years ago. I thought it's not rocket scicence to show off.
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Unilumin Group Co., Ltd (300232.SZ) Stock Price, News, Quote & History - Yahoo Finance
Find the latest Unilumin Group Co., Ltd (300232.SZ) stock quote, history, news and other vital information to help you with your stock trading and investing.
I need to look into this LED claim but taking credit for a low value add item like LED is just laughable.
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shade
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Manufacturing Moving Out Of China For Friendlier Shores
A growing number of companies are looking to move their manufacturing out of China. Boards and companies are reevaluating their risks and reviewing mitigation strategies.
www.forbes.com
We may not be the only or even the top beneficiary, but one thing is clear, Chinky is going to lose his FACTORY OF DA WORLD crown before he transitions into an "advanced economy" exporting high tech goods like US, EU, Japan, SKorea do, pissing over all the dreams, schemes and plans of CCP
They wanted to avoid being the USSR and slowly they will end up just like them, a decline in trade and integration is just the start
shade
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I can almost see those boats with Afrinigs in the Mediterranean with the China-man and even us buying Roosi wheat, nothing will be left for these starving global south walas.
shade
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Don’t Be So Picky About a Job, China’s College Graduates Are Told
Under pressure from Beijing, Chinese schools have been told to do more to secure jobs for students, who are facing bleak prospects.
Yuan loses core support as firms leave China
Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency.
China reports double-digit plunge in July exports and imports, missing expectations
China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms.
China's July exports tumble by double digits, adding to pressure to shore up flagging economy
China's exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump
Looks like Western media buddies of China are souring on their best friend of two decades
For once they are reporting the truth of this "large consumer market" "factory of the world" "over 6 billions coming out of poverty" paradise
I'm telling y'all, Shri 11, Jinping is my favorite Chinese leader
rockdog
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Sometimes reading Page 1 and Page 535 of this thread togehter is quite entertaining.Manufacturing Moving Out Of China For Friendlier Shores
A growing number of companies are looking to move their manufacturing out of China. Boards and companies are reevaluating their risks and reviewing mitigation strategies.
We may not be the only or even the top beneficiary, but one thing is clear, Chinky is going to lose his FACTORY OF DA WORLD crown before he transitions into an "advanced economy" exporting high tech goods like US, EU, Japan, SKorea do, pissing over all the dreams, schemes and plans of CCP
They wanted to avoid being the USSR and slowly they will end up just like them, a decline in trade and integration is just the start
When some Indian members were predicting "China is failing" in 2009, they might didn't expect the GDP gap became 6 times after 15 yrs.
Even myself in 2009 in thread didn't dare to say China would earn $100B trade surplus after 15 yrs.
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It is obvious gap will widen if CCP continues to make up numbers
www.afr.com
www.reuters.com
www.reuters.com
fortune.com
China admits its GDP data is fake
It has long been suspected but never proven. Now Liaoning Province, in the rust belt of northern China, has admitted to faking its economic growth data.
Another Chinese city admits 'fake' economic data
A northern industrial city in China said its 2017 fiscal revenue was significantly less than it had earlier estimated partly due to "fake" additions, making a revision just days after reports of similar incidents fueled scepticism over official data.
China's GDP is "man-made," unreliable: top leader
China's GDP figures are "man-made" and therefore unreliable, the man who is expected to be the country's next head of government said in 2007, according to U.S. diplomatic cables released by WikiLeaks.
Chinese Officials Admit They Faked Economic Figures
One number was more than double the real one.
