China Economy: News & Discussion

[ym888]

We don't export much Chang. You know why? Coz we didn't build excess capacities. You know why? Coz we didn't see this get rich & advanced scheme as being a 100 mtr sprint to be accomplished with in 2-3 decades at any cost. We saw it & still see this as a marathon. Are you aware of the hare & tortoise fable . I'm sure you are . It originated in India. I don't have to tell you who's the hare here & who's the tortoise. And you also know who wins!

Hence the question of building up excess capacites doesn't arise. We utilize practically all that we mfg domestically.

Based on the introduced CBAM rules, a preliminary estimate is made considering the annual volume of steel products exported to the EU (such as 3.89 million tons of steel exported to the EU in 2022), the total amount of steel products exported to the EU (such as 6.44 billion US dollars in 2022), and the carbon price of the EU carbon market. The export cost of China's steel industry will increase by about 4% to 6%, and it will probably need to pay $200 million to $400 million in carbon tariffs to the EU every year."



In 2022, China's steel exports to the EU reached 3.89 million tons, but only accounted for 5.8% of the total exports, accounting for a small proportion

 

[ym888]

1. a quality population is defined by productivity. People who are undergoing education do not contribute to GDP. They actually are a burden on the GDP. It’s only after they graduate and join the workforce that they become productive. With China’s TFR you will have 2 retired elders for every 1 working child. This will mean the child is overburdened by their dependents. In comparison in 1950, there was 6 working people for every 1 retire person. So your assumptions about quality population and productivity are false. Furthermore robotics might boost your exports but it will not impact your population’s spending power unless you introduce something like universal basic income.

2. right now China is a shitty environment to invest in because of the low ROI. What is the government’s plan to address this? Your answer can’t be growth since your GDP is slowing down / contracting.

if China's investment climate is poor,



Why did Tesla invest in China first instead of India?

 

[rockdog]

XCMG in India

 

[srevster]

if China's investment climate is poor,



Why did Tesla invest in China first instead of India?

I don’t give a shit about a single company’s operating decision. Show me the returns. What was the ROI on Tesla’s investment?

 

[FalconSlayers]

 

[Azaad]

Based on the introduced CBAM rules, a preliminary estimate is made considering the annual volume of steel products exported to the EU (such as 3.89 million tons of steel exported to the EU in 2022), the total amount of steel products exported to the EU (such as 6.44 billion US dollars in 2022), and the carbon price of the EU carbon market. The export cost of China's steel industry will increase by about 4% to 6%, and it will probably need to pay $200 million to $400 million in carbon tariffs to the EU every year."



In 2022, China's steel exports to the EU reached 3.89 million tons, but only accounted for 5.8% of the total exports, accounting for a small proportion

A few quick points . I don't think the carbon tariffs have been finalised . So what you're indulging in speculation. Secondly even if one were to go by your assumptions for the sake of argument , it remains to be seen if those 200-400 million USD in tariffs is competitive enough in the international markets for exports to continue unhindered.

Further those carbon taxes would also impact domestic steel producers within the EU . However as of the present we're unaware of the price impact on those products.

 

[ym888]

BEIJING, Nov. 4 (Xinhua) -- China's state-owned energy firm Sinopec and QatarEnergy on Saturday signed a cooperation agreement on a 27-year liquified natural gas (LNG) sales and purchase deal as well as equity participation in a joint venture.

According to a statement from Sinopec, under the agreement, QatarEnergy will supply 3 million tonnes of LNG to Sinopec each year from the North Field South (NFS) expansion project.

Under the agreement, QatarEnergy will also transfer a 5 percent interest to Sinopec in a joint venture company that owns the equivalent of 6 million tonnes per annum of LNG production capacity in the NFS project. The agreement was signed in Shanghai at a special ceremony.

Qatar is one of the world's leading LNG exporters. According to Sinopec, the NFS expansion project will build two new LNG production lines with a production capacity of 16 million tonnes per year. ■

 

[rockdog]

 

[Tejbrahmastra]

 

[srevster]

China sees more outflows of foreign direct investment than inflows: Report

The State Administration of Foreign Exchange released the figures in balance-of-payments data for the July-September quarter on Friday. FDI reached minus USD 11.8 billion, with more withdrawals and downsizing than new investments for factory building and other purposes. It is the first time that...

m.economictimes.com

signs of great ROI

 

[srevster]

China’s tribe is shrinking. People rather not have kids in this tribe. That means the tribe isnt thriving

 

[Jaymax61]

Mitsubishi stopping production in China

 

[srevster]

 

[srevster]

All my predictions coming true; 2% GDP growth. Possible future contraction, exit of capital, Over leveraged on BRI debt financing. Based on this trajectory, india will surpass China by 2035

 

[srevster]

 

[rockdog]

All my predictions coming true; 2% GDP growth. Possible future contraction, exit of capital, Over leveraged on BRI debt financing. Based on this trajectory, india will surpass China by 2035

recalled me the meme about India Superpower 2020

 

[rockdog]

Even i don't quite agree all points from the video.

 

[srevster]

 

[rockdog]

Citigroup now expects China's GDP to grow 5.3% in 2023 from 5% earlier, while JP Morgan and Nomura see it at 5.2% and 5.1%, respectively. Goldman Sachs trimmed its forecast to 5.3% from 5.4%, still higher than Beijing's official target of a 5% growth for the year.

Wall Street brokerages raise China's 2023 economic growth forecast

JP Morgan, Citigroup and Nomura on Wednesday lifted their forecast for China's economic growth for the year following upbeat data, but highlighted the need for more stimulus.

www.reuters.com

 

[rockdog]

XCMG's Schwimg is 25 yrs in India...