China Economy: News & Discussion

assassin162

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Blademaster

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^^
In 2100, India's population is also going to drop to 100 Crore from current 140 Crore. So India also will have only 20 Crore more population than China by then.
No it is going to drop to 140 Crore from a high of 160 crore. Our TFR will be stabilized.
 

SexyChineseLady

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Not only a military item but a major economic one as well! WS-20 on Y-20s, it signals China's aviation industry is well on its way to competing for the thousands of engines required for its airliner fleet!

IMG_1019.jpeg
 

KurtisBrian

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China trade surplus and sanctions creating a need for yuan in Russia.

Result some Russian exporters have been demanding payments for oil in Chinese Yuan.

1697878544609.png



Advantages of being a productive exporting nation, foreigners need your currency to obtain the goods they desire.
 

RoaringTigerHiddenDragon

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I saw this stat on YT. Looks like Chinese are in deep, deep trouble. The US CBP arrested 2000 illegal Chinese just in the last 14 days. This means the Chinese economy is falling like a rock. I don’t expect growth rates more than 2-3% with stagflation in China for a decade at least. Xi is going to start a war somewhere to divert attention.

1698026259779.png
 

ym888

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I saw this stat on YT. Looks like Chinese are in deep, deep trouble. The US CBP arrested 2000 illegal Chinese just in the last 14 days. This means the Chinese economy is falling like a rock. I don’t expect growth rates more than 2-3% with stagflation in China for a decade at least. Xi is going to start a war somewhere to divert attention.

View attachment 227303
What is your forecast for China's gdp growth rate this year?

I(5.2+%)and IMF(5% )



Which one will win?
 

RoaringTigerHiddenDragon

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What is your forecast for China's gdp growth rate this year?

I(5.2+%)and IMF(5% )



Which one will win?
I expect 2-3% real growth at best. In this, I assume inflation to be close to 0%. IMF relies on shady CCP data to estimate growth. So it is unrealistic. All the main sectors - real estate, exports, manufacturing are in big decline and consumption has completely slowed down. There is no way China should be getting a 5% growth as there are no underlying sectors that are growing - they are all declining. The CCP is yet to pump in any government stimulus as well. The math for 5% growth rate does not add up.
 

ym888

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I expect 2-3% real growth at best. In this, I assume inflation to be close to 0%. IMF relies on shady CCP data to estimate growth. So it is unrealistic. All the main sectors - real estate, exports, manufacturing are in big decline and consumption has completely slowed down. There is no way China should be getting a 5% growth as there are no underlying sectors that are growing - they are all declining. The CCP is yet to pump in any government stimulus as well. The math for 5% growth rate does not add up.
The IMF would be ashamed
 

ym888

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I predicted 2-3% growth because of population decline. It will actually hover close to zero because of the demographic burden of supporting your parents and grandparents on the children.
predicted from an Indian economist



It is also the wish of Indians
 

ym888

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Nearly 3.19 million 5G base stations in China by September


/CFP


/CFP
China had built 3.189 million 5G base stations by the end of September in its push to propel the digital and intelligent transformation of the real economy, official data showed Friday.
There were 22.6 5G stations per 10,000 people in China by last month, Zhao Zhiguo, spokesperson for the Ministry of Industry and Information Technology (MIIT), told a press conference.
The application of 5G in mining, power supply and other industrial sectors has helped firms enhance efficiency and cut costs, said Zhao. Enabled by 5G, ultra high-definition videos, augmented reality and virtual reality are enriching lives and facilitating production.
The country has also made active contributions to formulating 5G global standards. By the end of last month, it was in possession of 42 percent of the world's standard essential patents declared for 5G technology, according to the ministry.
The number of gigabit broadband users had reached 145 million in China by the end of last month.
High-tech manufacturing facilitated
China has vigorously promoted the development of advanced manufacturing, and the investment in its high-tech manufacturing increased by 11.3 percent in the first three quarters compared with a year earlier, said Zhao.
The cultivation of new products, new industries and new forms of business was accelerated in the first nine months, with rapid growth achieved in new energy vehicles (NEVs), photovoltaic products, spacecraft and aerospace equipment.
Nearly 10,000 digital workshops and smart factories were constructed in efforts to advance the process of digital transformation.
In terms of the electronic information manufacturing, Tao Qing, MIIT spokesperson, said the industry has maintained steady expansion since the start of the year.
Mobile phone production reached 1.09 billion units in the past three quarters, a year-on-year increase of 0.8 percent. In September alone, the country's mobile phone output jumped 11.8 percent from a year ago, said Tao.
The output of solar cells was 384 gigawatts during the period, soaring 63.2 percent year on year.
Robust growth in NEV industry
The country's NEV industry also maintained a strong momentum of development in the first three quarters in its production and sales, technological improvement, brand competitiveness and supporting infrastructure, said Tao.
NEV production and sales in the past three quarters reached 6.313 million units and 6.278 million units, with year-on-year growth of 33.7 percent and 37.5 percent, respectively, and NEV sales accounted for 29.8 percent of total new car sales.
A total of 825,000 NEVs were exported, a 1.1 times increase over the same period last year.
The supporting facilities had been expanded, with roughly 6.28 million charging piles and 3,460 power change stations built by September. More than 10,000 power battery recycling service outlets were established, and test roads spanning over 20,000 kilometers for intelligent connected vehicles opened.
Tao said the country will further implement the 2021-2035 development plan for NEVs to promote the high-quality development of the industry.
 

ym888

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This time it was the Europeans' turn

 

RoaringTigerHiddenDragon

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The GDP gap between China and India is still expanding.
It is …Indian poor people living standards have become way better than a Chinese poor’ s living standards. Looks like India has much better social security and living (as in good homes) for its middle class and poor - something the average Chinese can only dream of. Hence 2000 chinese people trying to sneak into America in just the last two weeks. The fall in Chinese prosperity has been rapid due to faulty and unstable economic policies.
 

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