China Economy: News & Discussion

[SexyChineseLady]

Explain Evergrande then. At the height of the Lehman bros crisis in 2008 - 09 the US came out with a bail out package of all those affected entities. Where's the CCP bail out package for Evergrande & other construction companies either bankrupt or on the verge of it.

After all according to you all the CCP has to do is print more renminbis which doesn't cause any inflation in china in the least for laws of economics don't affect China just like in the HSR case study & what's now being reported in the Western media as deflation is actually very low inflation.

That should tell something about Evergrande and the other developers. Their collapse is not an existential threat to China's economy unlike Lehman Brothers was to the US

If it were, China would be bailing them out. But they are not and China also wants money that went into real estate speculation to be redirected to new economy drivers like EVs and semiconductors.

These are the world's IPOs in 2023. Half of the money raised globally are poured into companies in China

Real estate is also allowed to collapse to bring home prices lower so young people could afford them.

 

[MiG-29SMT]

That should tell something about Evergrande and the other developers. Their collapse is not an existential threat to China's economy unlike Lehman Brothers was to the US

If it were, China would be bailing them out. But they are not and China also wants money that went into real estate speculation to be redirected to new economy drivers like EVs and semiconductors.

These are the world's IPOs in 2023. Half of the money raised globally are poured into companies in China View attachment 224006

Real estate is also allowed to collapse to bring home prices lower so young people could afford them.

he thinks all the companies are chinese, however there are many foreign companies milking China

 

[SexyChineseLady]

China is to global industrial automation like what it is to HSR and 5G -- the vast majority of industrial robots are installed in China. More half the world's robots go into Chinese production lines.

World Robotics 2023 Report: Asia ahead of Europe and the Americas

The new World Robotics report recorded 553,052 industrial robot installations in factories around the world – a growth rate of 5% in 2022, year-on-year. By region, 73% of all newly deployed robots were installed in Asia, 15% in Europe and 10% in the Americas.

ifr.org

 

[AnantS]

呃得就呃

The above is a phrase in Cantonese which means , cheat , if you can !

What a wonderful race of people the Chinese are !! Here they pull off another con on the opening night of the Asian Games that @rockdog was boasting about . Evidently in next year's audit the firecrackers which were all FX will be accounted for , no questions asked .

The documentary also examined why both the Chinese people & the CCP compliment each other when it comes to cheating which has been institutionalised now for several generations presented here thru examples of pigs being painted black because black pigs command a premium in the market & many more such instances.

Watch this mini documentary & be more than amazed by that species of mankind on earth called the Hanimal.

@Blademaster ; @RoaringTigerHiddenDragon ; @SKC ; @AnantS ; @FalconSlayers & everyone else

Cheating by Chinese .. ahaha I'll regale on true story came from somebody known.. Many years back.. some SW company who sold Mobile os licenses- request came from mainland Chinese operator which was unusual compared to previous usual other requests where they usually asked to remove default keyboard or browser or some random default s/w with their own versions(qq and what not.) They asked for the Mobile to display 3G in notification bar always near RSSI (Radio Signal Strength Indicator) even when signal received by mobile was of 2G. Lets just say people were aghast and then they laughed to dismiss the request raised

 

[MiG-29SMT]

China is to global industrial automation like what it is to HSR and 5G -- the vast majority of industrial robots are installed in China. More half the world's robots go into Chinese production lines.

World Robotics 2023 Report: Asia ahead of Europe and the Americas

The new World Robotics report recorded 553,052 industrial robot installations in factories around the world – a growth rate of 5% in 2022, year-on-year. By region, 73% of all newly deployed robots were installed in Asia, 15% in Europe and 10% in the Americas.

ifr.org

View attachment 224008

View attachment 224010

View attachment 224009

he thinks all are chinese companies installing robots however he forgets some companies are foreign and do install robots like it happens in other countries like Mexico

industrial robots owned by nissan in Mexico

 

[ym888]

Your fellow citizens don’t have coal to heat their homes in the harsh Helionjiang winters and CCP wants to run maglev between cities? I wonder what the citizens of Inner Mongolia, helionjiang and other provinces that cannot afford to buy coal but instead burning clothes to stay warm have to say about this? Probably get arrested by the urban police for petitioning in Beijing?

The British question:

Why is India so poor and need to go to the moon?

Why give aid to India?

 

[ym888]

I have a genuine question without all jingoism, how will all this be profitable, I can understand making bullet trains in the east cost, there is enough footfall there but this indiscriminate building of high-speed rail. I mean we are already worried about the profitability of half the transit metros we have built, I really hope we don't overbuild HSR in this country. The Chinese population density in many regions is significantly lower than tier 3 cities in India still you have HSR going there.

Paper profits are important, of course,



But many of the benefits of high-speed rail construction are hidden, long-term,



It's not just the developed east of China that needs high-speed rail

China's first long-distance high-speed train runs from Guangzhou in the east to Wuhan in the center.


There is no doubt that this requires a lot of money.



China spent 0.76T, and got 42,000 km of high-speed rail



The United States spent 2T and left countless bomb craters in Afghanistan.

 

[rockdog]

Paper profits are important, of course,



But many of the benefits of high-speed rail construction are hidden, long-term,



It's not just the developed east of China that needs high-speed rail

China's first long-distance high-speed train runs from Guangzhou in the east to Wuhan in the center.


There is no doubt that this requires a lot of money.



China spent 0.76T, and got 42,000 km of high-speed rail



The United States spent 2T and left countless bomb craters in Afghanistan.

It saved $1T for buying planes from Airbus and Boeing within 2 decades.

Many cities within 1000km, u only need 3hours by HSR, and stations are always in the downtown, saved huge amount of social cost.

If by air, 1hour from downtown to airport, 1.5 for check in, 1.5hours of flight, 1hour to downtown of destination, totally 5 to 6 hours.

I tried once from Changsha to Shanghai with 1300km, I wake up 6am, 6:30 took the taxi, 7:25am get on the train, 12:00 reached Shanghai Hongqiao Station. I had a dinner with my business partner at 12:30 in downtown Shanghai. Everything ran smoothly.

1300KM, 4 stops, from Changsha to Shanghai, totally 5.25hours.

Latest schedule:

 

[ym888]

It saved $1T for buying planes from Airbus and Boeing within 2 decades.

Many cities within 1000km, u only need 3hours by HSR, and stations are always in the downtown, saved huge amount of social cost.

If by air, 1hour from downtown to airport, 1.5 for checking, 1.5hours of flight, 1hour to downtown of destination, totally 5 to 6 hours.

I tried once from Changsha to Shanghai with 1200km, I wake up 6am, 6:30 took the taxi, 7:25am get on the train, 12:00 reached Shanghai Hongqiao Station. I had a dinner with my business partner in 12:30 in Downtown Shanghai. Everything ran smoothly.

There's another benefit.



High-speed rail is greener than planes and cars

 

[RoaringTigerHiddenDragon]

our friend does not understand China has much lower salaries than Spain or Italy

Households Debt in China increased to 99.90 % of gross income in 2018 from 93.40 % in 2017.

China Households Debt To Income

Households Debt in China increased to 99.90 % of gross income in 2018 from 93.40 % in 2017. This page provides - China Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

View attachment 224003

Households Debt to Income - Countries - List

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Households Debt to Income.

tradingeconomics.com

View attachment 224004

Mapped: Minimum Wage Around the World

This infographic shows the net minimum wage across 67 countries, as of January 2023. A breakdown by U.S. state is also included.

www.visualcapitalist.com

obviously higher salary lower debt means better economic state

• China household debt accounted for 63.3 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 61.9 % in the previous quarter.
• China household debt to GDP ratio is updated quarterly, available from Mar 2007 to Mar 2023.
• The data reached an all-time high of 63.3 % in Mar 2023 and a record low of 17.9 % in Dec 2008.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The People's Bank of China provides Household Debt in local currency. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics.


Related information about China Household Debt: % of GDP

• In the latest reports, China Household Debt reached 10,834.1 USD bn in Jun 2023.
• Money Supply M2 in China increased 11.6 % YoY in May 2023.
• China Foreign Exchange Reserves was measured at 3,193.0 USD bn in Jun 2023.
• The Foreign Exchange Reserves equaled 14.9 Months of Import in Jun 2023.
• China Domestic Credit reached 43,669.0 USD bn in Jun 2023, representing an increased of 10.8 % YoY.
• The country's Non Performing Loans Ratio stood at 1.6 % in Mar 2023, compared with the ratio of 1.6 % in the previous quarter.

China Household Debt: % of GDP, 2007 – 2023 | CEIC Data

China household debt accounted for 63.3 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 61.9 % in the previous quarter.

www.ceicdata.com

This is because the Chinese are relentlessly brainwashed - every moment of the waking day. They have no source other than CCP’s data. Everything is staged including rescue attempts during disasters. It is all one giant mirage where 10% of the elites get away with murder while the rest have to kneel and pray to these elites like they were Gods. Who said China is atheistic? The elites are the new goods. Look at the lines outside petition offices of major cities. They are huge with people not able to get justice anywhere including in courts. These people literally fall on their feet, kneel down and cry before the CCP elites for just wanting a decent home or pension ir healthcare. The lack of respect for human rights and values and treating peasants as garbage is utterly disgusting .

 

[RoaringTigerHiddenDragon]

The British question:

Why is India so poor and need to go to the moon?

Why give aid to India?

India is richer than China . We have good social security and take care of our elderly who don’t have to crawl around just to find filthy water to drink. In India, governments take care of their people. The CCP does not.
You should be asking that question to the ccp as to why ? Also, why is the CCP running fake opening ceremonies for Asian games. No money?

 

[RoaringTigerHiddenDragon]

Paper profits are important, of course,



But many of the benefits of high-speed rail construction are hidden, long-term,



It's not just the developed east of China that needs high-speed rail

China's first long-distance high-speed train runs from Guangzhou in the east to Wuhan in the center.


There is no doubt that this requires a lot of money.



China spent 0.76T, and got 42,000 km of high-speed rail



The United States spent 2T and left countless bomb craters in Afghanistan.

All good but why are you building HSR on crumbling tofu dreg viaducts? In most places by the way your HSR runs only as semi HSR due to infrastructure deficits and safety aspects including fires. The max speed is just for show. Only the original Beijing to Shanghai line has brought economic benefits. Lines to occupied Tibet and Inner Mongolia have zero business case and destroys economic value for sure.

 

[RoaringTigerHiddenDragon]

There's another benefit.



High-speed rail is greener than planes and cars

So why are you building C919 junks?

 

[RoaringTigerHiddenDragon]

More Huawei comedy…have a good laugh if you are stressed.

 

[vin bharat mahan]

According to classic western economy theories, such kind of economy like you described, shouldn't be such vivid and efficient. China should be already as poor as India.

But the fact is not right? So if our system is such bad, which means our IQ is higher? No, it shouldn't, right?

baby boy u dont need to tell whose IQ is higher nd whoes IQ is lower....its not possible a higher IQ (chinese) claimed people following religion, culture, tradition etc for 2500 years from a lower IQ (indian) people. even many ur people still following indian thoughts right now after all distriction by CCP. so called smaller IQ (indian) people give world more things than so called higher IQ (chinese) people. smaller IQ (indian) people remain richest in most humaity history . u need to read history. enjoy ur some time of superiority.

 

[RoaringTigerHiddenDragon]

Chinese males need to have oysters more often. It's known to boost testosterone .

I'm surprised with Chinese flotillas of bottom trawlers scraping oceans across the world & the amount of oysters it must have yielded how's it Chinese TFR hasn't improved ?

Or do Chinese ladies prefer not raise families ? Seems like it. Your equality program seems an astounding success Chang.

I thought that was Tiger penis?

TCM Is Powerless to Stop the Rare Animal Trade

Appeals from traditional Chinese medicine's top organziations are being ignored

time.com

Looks like Chinese love taking in dicks. By the way I did not know snakes had a penis

here is an excerpt from the article
“
The array of shapes and sizes leaves one agog. A bull’s penis is 2 ft. long and almost translucent; deer penis has a meaty, pink hue; snake penis looks like a bifurcated twig. “Snake penis has become more popular in China since the one-child policy ended,” says restaurant manager Zhang Yang, sparking another cigarette. “Many people ask for it now because they want a second child.”

Business is good at the Guo Lizhuang penis restaurant, which has 19 outlets across China. At Zhang’s branch, in Beijing’s well-heeled Sanlitun neighborhood, tables are booked weeks in advance, and the overwhelmingly male patrons of late middle age typically part with several hundred dollars for dishes that they believe will restore masculine or “yang” energy and, in turn, libido and sexual virility. A bull’s penis comes cheapest at 200 renminbi ($30); the most coveted is a fur seal’s penis at 2,800 renminbi ($400). “Fur-seal penis is the most expensive as it has lots of elements that are good for the body,” says Zhang, “but it’s also quite mild so you don’t get the inner fire.”

@rockdog , @ym888 - which penis do you like?

 

[ym888]

I thought that was Tiger penis?

TCM Is Powerless to Stop the Rare Animal Trade

Appeals from traditional Chinese medicine's top organziations are being ignored

time.com

Looks like Chinese love taking in dicks. By the way I did not know snakes had a penis

here is an excerpt from the article
“
The array of shapes and sizes leaves one agog. A bull’s penis is 2 ft. long and almost translucent; deer penis has a meaty, pink hue; snake penis looks like a bifurcated twig. “Snake penis has become more popular in China since the one-child policy ended,” says restaurant manager Zhang Yang, sparking another cigarette. “Many people ask for it now because they want a second child.”

Business is good at the Guo Lizhuang penis restaurant, which has 19 outlets across China. At Zhang’s branch, in Beijing’s well-heeled Sanlitun neighborhood, tables are booked weeks in advance, and the overwhelmingly male patrons of late middle age typically part with several hundred dollars for dishes that they believe will restore masculine or “yang” energy and, in turn, libido and sexual virility. A bull’s penis comes cheapest at 200 renminbi ($30); the most coveted is a fur seal’s penis at 2,800 renminbi ($400). “Fur-seal penis is the most expensive as it has lots of elements that are good for the body,” says Zhang, “but it’s also quite mild so you don’t get the inner fire.”

@rockdog , @ym888 - which penis do you like?

I don't eat these things,

and I don't drink cow urine.

 

[ym888]

So why are you building C919 junks?

Because China is poor and can't afford Airbus and Boeing planes



I am envious of some rich neighboring country, they produce nothing, they import everything.

 

[ym888]

Etisalat by e& has announced the successful completion of its 400G Super C+L transport network trial in partnership with Huawei.

Etisalat by e& Completes World-First Large Capacity Transport Network Trial

Etisalat by e& has achieved a significant milestone in network capacity and efficiency with its successful 400G Super C+L transport network trial.

telecomtalk.info

 

[MiG-29SMT]

The British question:

Why is India so poor and need to go to the moon?

Why give aid to India?

Because China is poor and can't afford Airbus and Boeing planes



I am envious of some rich neighboring country, they produce nothing, they import everything.

Aviation is a business and C919 has 40% of the aircraft parts imported, basically the most important core technologies.

However aviation is a network, to get core technologies a company needs market and respect some intelectual rights.

What China does is copied the A-320 fuselage core technologies and matched it to western proven subsystems.

Brazil does the same.

Russia also tried that too, however sanctions forced to build more parts domestically.

You misunderstand a lot India, market wise India very likely will grow a lot, thus justifies building a civil aircraft industry.

Brazil; now build private jets with western technologies some in the USA, so the network connections allows Embraer to boast a very large client list.

China has not that network, nor the core technologies.

Preator sells well around the world, uses western proven technology and respect intelectual property.

700 Phenom sold

ERJ more than 1600 sold

ERJ-145 more than 1200 + built

India even might buy the AWACS version of preator

Conclusion why China sells only to Chinese owned airliners owned by the CCP simple the Western providers know Chinese want to scam them