China Economy: News & Discussion

[Azaad]

Because of China's achievements

Chinese officials certainly deserve high marks,

Good now answer this . How much would you award the same Chinese officials & CCP during the 5 pests campaign , the great leap forward & the cultural revolution which claimed anywhere between 50-100 million lives in China.

Once again , if your life or freedom is in danger pls don't answer this. Further if you fear losing your social credit scores don't answer. As it is wumaos are being paid the same tarrif @50 cents / post since 2009. On top of it if you're fined or lose social credit points , it'd be a tragedy.

 

[ym888]

It is a trend for Chinese automakers to produce EVs in Europe

China EV Giant BYD to Build First Europe Plant in Hungary - FAS

China’s electric vehicle leader BYD plans to build its first European car factory in Hungary, Germany's FAS reported

www.asiafinancial.com

 

[vin bharat mahan]

China invented the compass, gunpowder and paper but the Europeans became wealthy and took over the world with those inventions

China is 11th on the Innovation Index:
View attachment 227886

You cannot compete at this level of high tech exports without being innovative

So either you don't understand what innovation is or your idea of the importance of so-called original "invention" is deluded and does not matter.

China exports high tech above the level of developed nations never mind the Global South and had improved its economy and the lives of its people many folds that of India. So you want to "invent" something before you can enter high tech exports? Good luck

how many times i hv to tell u guys...gunpowder isnt chinese invention.
chinese only used gunpowder in 10th century (1000 AD approx).

Gunpowder | Facts, History, & Definition

Gunpowder, any of several low-explosive mixtures used as propelling charges in guns and as blasting agents. The first such explosive was black powder—a mixture of saltpeter (potassium nitrate), sulfur, and charcoal—which is thought to have originated in China, where it was being used in...

www.britannica.com

meanwhile indians were using gunpowder from 400 BC.

Gunpowder invented in India-2

Ancient Indians used Saltpetre (Agnichurna), the major constituent of gunpowder, to make firecrackers (ulkah) on Diwali. “Gunpowder originated in Ancient India”- Indologist Dr. Gustav O…

sandith.in

nd chinese paper invention become useless, if indians dont invented ink. so thank indians @SexyChineseLady.
i can tell u many indians invention, by which not only china but whole world get benefitted.
but yeah i m tea lover, so thnx for that to chinese.

 

[Azaad]

Yet many analysts focus on the decline in the country's Treasury balance as a sign of Beijing's strong determination to defend its own currency.

China is facing serious capital flight caused by rising concern about its economic growth and debt burden. In September, capital outflows reached $75 billion, the biggest such monthly amount since 2016, according to an estimate by Goldman Sachs. This exerts strong downward pressure on the yuan, which now trades at around 7.3 against the dollar, the lowest since 2007.

What is behind the 40% drop in China's U.S. Treasury holdings?

Market players see Beijing selling American debt to prop up the yuan

asia.nikkei.com

 

[rockdog]

Interesting, I just bought a Mi 75 inch LED TV, the double 11 promotion was $350.

I also searched the Mi India online store and flipkart Diwali,

Mi store 65 inch is $760.

TCL 75 inch is $850.

I think India couldn't product such size of LED screen, so the import tax would be 20% to India?

So for such kind of "simple" product, even India assembly cost is 30% of China, and most parts imported from China with 20% duty, the pricing is still at least 2 twice high ...
@Azaad @ym888 any analysis？

 

[srevster]

 

[srevster]

 

[srevster]

India Isn’t Signing Up for China’s New World Order

The United States isn’t the only competitor getting in the way of China’s global ambitions.

www.theatlantic.com

 

[srevster]

Bloomberg - Are you a robot?

 

[srevster]

New long-term growth story in Asia is India, not China: Chris Wood of Jefferies

Christopher Wood, Global head of Equity Strategies at Jefferies, believes that the new long-term growth story in Asia is India, not China.

www.livemint.com

 

[srevster]

India—China: Reversal of fortunes? | Brookings

Surjit S. Bhalla and Karan Bhasin explore India's potential for economic growth, placing it on track to match China's per-capita income in the future.

www.brookings.edu

 

[srevster]

Singapore's Keppel looks to India amid China's property woes

Temasek-owned asset manager eyes South Asia as Chinese rout continues

asia.nikkei.com

 

[srevster]

https://www.cnn.com/2023/10/12/tech/vivo-india-arrest-intl-hnk/index.html

 

[srevster]

Western firms shift investment from China to India as worries mount

U.S. and European firms are shifting investment away from China to other developing markets, a report from Rhodium Group showed, with India receiving the vast majority of this redirected foreign capital, followed by Mexico, Vietnam and Malaysia.

www.reuters.com

 

[srevster]

India’s Booming Stock Market Is Leaving China in the Dust

The South Asian nation’s market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.

www.wsj.com

 

[Azaad]

Interesting, I just bought a Mi 75 inch LED TV, the double 11 promotion was $350.

View attachment 228565



View attachment 228564



I also searched the Mi India online store and flipkart Diwali,

Mi store 65 inch is $760.

View attachment 228561



TCL 75 inch is $850.


View attachment 228562


I think India couldn't product such size of LED screen, so the import tax would be 20% to India?

So for such kind of "simple" product, even India assembly cost is 30% of China, and most parts imported from China with 20% duty, the pricing is still at least 2 twice high ...
@Azaad @ym888 any analysis？

Analysis is MI is junk & no self respecting bloke in India goes in for MI products except their cellphones. MI did enjoy some early successes in other products thanks to the spill over effect of the success it'd enjoyed in cell phones but that quickly died down as most of their other products were inferior as compared to competition especially from Korean & Japanese brands .

Ditto for TCL , Haier or any other Chinese brand in the consumer electronic space except for cell phones which as I've pointed out before happens to have succeeded in India in the VFM or value for money segment purely because There's little to no competition in that segment.

And now Indians have discovered why Chinese brands like Oppo , Vivo , MI etc could afford to be so economically priced in the VFM segment . It's because they never paid any taxes & never intended to in the first place , siphoned off all their profits back to China in fraudulent ways , etc with all of them having to face probes by multiple agencies in India .

Coming back to " global" Chines brands like TCL , Haier , Midia etc , they've been around for nearly 3 decades now in India especially Haier but are nowhere in the top 3 or 5 or even 7 in the products they sell in the consumer electronics business as they're perceived to be junk coz they're of Chinese make . People here perceive there's much more value to be had by purchasing a Korean or Japanese brand which dominate the market here or even European or American ones like Whirlpool or Indian ones like Godrej etc.

One of the reasons their other products are highly priced these days as opposed to what it was in the past is increasing scrutiny by Indian authorities of their business practices which means they're forced to pay up their taxes as opposed to what it was in the past when they evaded taxes which is why you see such a price discrepancy in MI production in China vis a vis India.

For your information let me also clarify till date Haier , TCL & Midea haven't faced any such issues in India which I'm assuming is coz of better trade practices & compliance with Indian law though their performance in India is dismal as compared to other international markets but they remain invested in India as compared to oppo vivo , mi etc who're perceived to be no good players with predatory style behaviour who in my opinion won't last long here thanks to relentless government action on their corrupt business practices.

 

[srevster]

https://www.eetimes.com/action-in-india-points-to-troubled-tech-future-for-china/

 

[srevster]

India emerges as top priority for global tech titans over China - ET CIO

Global Tech Manufacturing: For instance, Apple has been assembling iPhones in India, a strategy that has proven mutually beneficial. This localization not only enables Apple to meet local demands efficiently but also mitigates the impact of import duties. Similarly, Samsung has established the...

cio.economictimes.indiatimes.com

 

[RoaringTigerHiddenDragon]

China is the largest producer of vegetables

It is also the number one exporter of vegetables

Which vegetables? Toxic painted or plastic?

 

[RoaringTigerHiddenDragon]

Progress in the Global Fight Against Child Mortality
INFANT MORTALITY
by Katharina Buchholz,
Nov 2, 2023


Even though the world has made progress in reducing the mortality rate of children under the age of one, infant deaths continue to be prevalent in developing countries. Especially post-neonatal deaths - those occurring between the ages of 2 and 11 months - continue with a higher prevalence in lower-income countries, the same as deaths between the ages of 1 and 4 years.
According to UNICEF, the majority of child deaths under age 5 are preventable. Major reasons for them include pneumonia, diarrhoea and malaria, while preterm birth and complications during delivery are also big factors for the deaths of younger children. North America and the United States specifically are an outlier in the statistic, ranking behind Europe and other high-income nations for all types of child mortality. The country's infant mortality rate stood at 5.4 in 2021, according to UNICEF calculations, behind China's and close to the rates of Sri Lanka, Romania, Bulgaria and Chile. In 2022, infant mortality in the country rose, the Centers for Disease Control and Prevention announced yesterday.
According to the data, infants in the African countries of Sierra Leone, Central African Republic, Somalia and Nigeria have the greatest risk of not reaching their first birthday. Mortality rates exceed 70 in 1,000 live births in all four nations. Pakistan is the lowest ranked country not on the African continent at 52.8 infant deaths per 1,000 live births.
Estonia is at the opposite end of the spectrum with an infant mortality rate of 1.6 per 1,000 live births, the highest-ranked non-micro nation. Japan ranked second, sharing with Singapore, followed by Norway, Finland and Slovenia in rank 3.

China’s numbers as usual cannot be verified. Therefore cannot be trusted.