China Economy: News & Discussion

[srevster]

China’s cities compete for kids

Enlightened self-interest nudges rich places to woo rural families

www.economist.com

 

[srevster]

Focus on people not numbers, China told, as it faces unavoidable birth decline

Survey by the Institute of Public Policy at the South China University of Technology says China should focus on fertility services, instead of birth rates as it seeks solutions to its population crisis.

amp.scmp.com

 

[srevster]

China could become ‘the world’s largest nursing home,’ Ed Yardeni says | Fortune

“China’s economy is in a property-led and fertility-led depression,” Yardeni wrote, adding that this “benefits countries that import Chinese goods.”

fortune.com

 

[srevster]

Children are the best investment for China says Beijing think tank | The Asahi Shimbun: Breaking News, Japan News and Analysis

www.asahi.com

 

[srevster]

Has China lost its golden opportunity to overtake the US? Here’s why one analyst is predicting it's the country's ‘last decade’ of prosperity and power

The signs don't look good.

finance.yahoo.com

 

[srevster]

Why China got population control wrong; India got it right

Yes, India has many challenges ahead, but compared with China, it has shown that slow and steady can win the race.

www.aljazeera.com

 

[srevster]

Korea, Japan growth experiences suggest China’s economy to slow in next 20 years

The Chinese economy has grown at an unprecedented pace since the 1980s. However, the pace of growth is likely to slow as China’s economy matures because of its demographic structure and its increasing proximity to economic and technological frontiers.

www.dallasfed.org

 

[srevster]

Chinese state media slams ‘hype’ about India’s population boom

Government mouthpiece accuses Western media of using China’s population decline to ‘bad mouth’ country.

www.aljazeera.com

 

[srevster]

This means india will be the largest economy in the near future.

China's economy won't surpass the US because of its aging population

One study says that, by the 2050s, China could be losing an average of 12 million working-age adults each year.

www.businessinsider.com

 

[Azaad]

FYI, humor is also part of my metierView attachment 232761

If your sense of humour involves using just 1 emoticon , then yes humour is your metier. Real pity nobody here finds you funny though including your fellow wumaos.

 

[MiG-29SMT]

Second largest only in nominal GDP calculation which is pretty much dictated by FX rates.

China is a MUCH larger economy than the US if we look at industrial output, energy usage and actual consumption.

You can use the car market as a proxy:
View attachment 232723

As well as electricity usage:
View attachment 232724

Car market share worldwide: key brands 2023 | Statista

In 2022, the five leading brands held around a third of the global car market shares. Four of these five brands were headquartered in Asia. Nissan ranked sixth.

www.statista.com

uh so Japanese brand manufacture the most cars world wide now we see who is manufacturing in China

details our propagandist ommits all the time

 

[MiG-29SMT]

Second largest only in nominal GDP calculation which is pretty much dictated by FX rates.

China is a MUCH larger economy than the US if we look at industrial output, energy usage and actual consumption.

You can use the car market as a proxy:
View attachment 232723

As well as electricity usage:
View attachment 232724

unsexychineselady is daughter of Goebbles


Toyota was the #1 automaker worldwide in 2022.

Ford sales increased 7% year-over-year worldwide, and surpassed Honda and Nissan on the top 15 list.

Renault had a difficult year, down 24%, hindered by the removal of its brand from the Russian market.

Tesla sold over 1 million vehicles for the first time in history in 2022, up 47% worldwide, and ranked #15 by volume on the list of global automakers.

As supply deficiencies settle, it becomes ever clearer that a swift rebound followed by a gradual increase into new EV markets will emerge and be led by the manufacturers brave enough to ally with global rivals.

Top 15 Automakers in the World | Car Sales Rank Worldwide

Global car sales ranked by manufacturer. Worldwide sales leaders. Data includes yearly vehicles sold by top automakers. Toyota. VW. GM. Honda. Ford.

www.factorywarrantylist.com

 

[rockdog]

Second largest only in nominal GDP calculation which is pretty much dictated by FX rates.

China is a MUCH larger economy than the US if we look at industrial output, energy usage and actual consumption.

You can use the car market as a proxy:
View attachment 232723

As well as electricity usage:
View attachment 232724

It doesn't count 5 millions of export.

The battles in Asean nations are hot now, this region Japanese brands own 85% share, but fast changing now.

The ASEAN as entity is the third largest economy in Asia, with 4 millions car sales per year.

 

[ym888]

ChaoJi Charging System: Excellence Goes Beyond Charging Speed
As winter approaches, many new energy vehicle owners have reported that due to extremely low temperatures, the charging speed of their vehicles has significantly decreased. In fact, slow charging has always been one of the pain points for new energy vehicle owners during the charging process.
The ChaoJi charging system (hereinafter referred to as ChaoJi), led by the China Electricity Council and involving power grids, charging operators, connector manufacturers, and some vehicle manufacturers, is expected to solve this problem. According to reports, compared to the current mainstream fast-charging charging piles supporting 60 kilowatts or 120 kilowatts, ChaoJi's charging voltage and current limits have been increased to 1500 volts and 600 amperes, respectively, with a maximum power of up to 900 kilowatts.
So, besides improving charging speed, what other aspects does ChaoJi have compared to the current charging system? What are its future application scenarios? With these questions in mind, Science and Technology Daily interviewed relevant experts.
Existing Charging Systems Face Three Major Issues
In recent years, as the popularity of electric vehicles continues to increase, charging issues have become more prominent. Liu Yongdong, Secretary-General of the China Electricity Council and Director of the Standardization Management Center, introduced that from a technical perspective, there are currently three main issues with new energy vehicle charging systems both at home and abroad.
First, the technical route is complex, and systems are not compatible with each other. In addition to China's self-developed national standard charging system (GB/T), mainstream charging systems around the world also include Japan's CHAdeMO, CCS jointly developed by Europe and the United States, etc. Communication protocols and power levels vary between different systems, increasing the design and production costs of vehicle manufacturers. Second, the technology's forward-looking nature needs to be strengthened, and backward compatibility issues should be further considered. In the early stages of the construction of new energy vehicle charging facilities, most countries lacked a systematic architecture, resulting in the current mainstream charging systems being unable to meet the future development needs of new energy vehicles (such as high-power charging and advanced communication). Third, product reliability needs to be further improved. These issues have limited the continuous development of the new energy vehicle industry.
"ChaoJi is not just a connector, but a complete electric vehicle DC charging system, including charging connection components, control and guidance circuits, and thermal management," said Liu Yongdong. Compared to the existing mainstream charging systems, ChaoJi has outstanding advantages in forward and backward compatibility, charging safety, charging power, user experience, and international recognition.
Forward Compatibility While Backward Compatibility
Does the emergence of the new charging system mean that the existing charging system needs to be dismantled? The answer is no. ChaoJi can achieve a smooth upgrade between old and new generations of charging systems.
How is the smooth upgrade of the charging system achieved? Zhang Xuan, a senior engineer at State Grid Power Science Research Institute Co., Ltd., mentioned at the 2023 (6th) Distribution Technology Summit Forum that ChaoJi uses an adapter conversion interface, allowing existing charging facilities to connect with ChaoJi-compatible vehicles without any modification.
At the same time, ChaoJi charging piles can also charge vehicles using the existing charging interfaces.
Moreover, ChaoJi is a "growable" system. Liu Yongdong introduced that ChaoJi achieves forward compatibility while also providing for backward compatibility through reserved upgrade interfaces. It is understood that ChaoJi has reserved upgrade interfaces for both software and hardware, meeting various needs of niche markets.
For example, ChaoJi can achieve ultra-high power charging through interface combination upgrades, increasing the charging speed by an order of magnitude, and meeting the charging needs of heavy-duty commercial vehicles, electric ships, and electric aircraft.
Realizing vehicle-pile-network interaction is also one of the development goals of new energy vehicles. Vehicle-pile-network interaction refers to reducing the charging power of charging piles during peak electricity consumption periods and using new energy vehicles as mobile energy storage devices to transmit electricity to the power grid, thereby reducing the load on the power grid. ChaoJi has also reserved solutions for realizing vehicle-pile-network interaction in terms of standard construction and communication protocols.
In addition to being compatible with China's current charging system, ChaoJi can also be compatible with other charging systems worldwide. It is reported that ChaoJi has the same underlying logic as other charging systems around the world and can be compatible with the existing mainstream international DC charging systems.
"We have involved experts from countries such as Japan, Germany, and the Netherlands in the development and research of ChaoJi," said Zhang Xuan. Currently, ChaoJi has been fully adopted in the relevant standard proposals of the International Electrotechnical Commission. "ChaoJi has both an international platform and international recognition," said Liu Yongdong.

 

[rockdog]

ChaoJi Charging System: Excellence Goes Beyond Charging Speed
As winter approaches, many new energy vehicle owners have reported that due to extremely low temperatures, the charging speed of their vehicles has significantly decreased. In fact, slow charging has always been one of the pain points for new energy vehicle owners during the charging process.
The ChaoJi charging system (hereinafter referred to as ChaoJi), led by the China Electricity Council and involving power grids, charging operators, connector manufacturers, and some vehicle manufacturers, is expected to solve this problem. According to reports, compared to the current mainstream fast-charging charging piles supporting 60 kilowatts or 120 kilowatts, ChaoJi's charging voltage and current limits have been increased to 1500 volts and 600 amperes, respectively, with a maximum power of up to 900 kilowatts.
So, besides improving charging speed, what other aspects does ChaoJi have compared to the current charging system? What are its future application scenarios? With these questions in mind, Science and Technology Daily interviewed relevant experts.
Existing Charging Systems Face Three Major Issues
In recent years, as the popularity of electric vehicles continues to increase, charging issues have become more prominent. Liu Yongdong, Secretary-General of the China Electricity Council and Director of the Standardization Management Center, introduced that from a technical perspective, there are currently three main issues with new energy vehicle charging systems both at home and abroad.
First, the technical route is complex, and systems are not compatible with each other. In addition to China's self-developed national standard charging system (GB/T), mainstream charging systems around the world also include Japan's CHAdeMO, CCS jointly developed by Europe and the United States, etc. Communication protocols and power levels vary between different systems, increasing the design and production costs of vehicle manufacturers. Second, the technology's forward-looking nature needs to be strengthened, and backward compatibility issues should be further considered. In the early stages of the construction of new energy vehicle charging facilities, most countries lacked a systematic architecture, resulting in the current mainstream charging systems being unable to meet the future development needs of new energy vehicles (such as high-power charging and advanced communication). Third, product reliability needs to be further improved. These issues have limited the continuous development of the new energy vehicle industry.
"ChaoJi is not just a connector, but a complete electric vehicle DC charging system, including charging connection components, control and guidance circuits, and thermal management," said Liu Yongdong. Compared to the existing mainstream charging systems, ChaoJi has outstanding advantages in forward and backward compatibility, charging safety, charging power, user experience, and international recognition.
Forward Compatibility While Backward Compatibility
Does the emergence of the new charging system mean that the existing charging system needs to be dismantled? The answer is no. ChaoJi can achieve a smooth upgrade between old and new generations of charging systems.
How is the smooth upgrade of the charging system achieved? Zhang Xuan, a senior engineer at State Grid Power Science Research Institute Co., Ltd., mentioned at the 2023 (6th) Distribution Technology Summit Forum that ChaoJi uses an adapter conversion interface, allowing existing charging facilities to connect with ChaoJi-compatible vehicles without any modification.
At the same time, ChaoJi charging piles can also charge vehicles using the existing charging interfaces.
Moreover, ChaoJi is a "growable" system. Liu Yongdong introduced that ChaoJi achieves forward compatibility while also providing for backward compatibility through reserved upgrade interfaces. It is understood that ChaoJi has reserved upgrade interfaces for both software and hardware, meeting various needs of niche markets.
For example, ChaoJi can achieve ultra-high power charging through interface combination upgrades, increasing the charging speed by an order of magnitude, and meeting the charging needs of heavy-duty commercial vehicles, electric ships, and electric aircraft.
Realizing vehicle-pile-network interaction is also one of the development goals of new energy vehicles. Vehicle-pile-network interaction refers to reducing the charging power of charging piles during peak electricity consumption periods and using new energy vehicles as mobile energy storage devices to transmit electricity to the power grid, thereby reducing the load on the power grid. ChaoJi has also reserved solutions for realizing vehicle-pile-network interaction in terms of standard construction and communication protocols.
In addition to being compatible with China's current charging system, ChaoJi can also be compatible with other charging systems worldwide. It is reported that ChaoJi has the same underlying logic as other charging systems around the world and can be compatible with the existing mainstream international DC charging systems.
"We have involved experts from countries such as Japan, Germany, and the Netherlands in the development and research of ChaoJi," said Zhang Xuan. Currently, ChaoJi has been fully adopted in the relevant standard proposals of the International Electrotechnical Commission. "ChaoJi has both an international platform and international recognition," said Liu Yongdong.

Huawei now installing the 1 second / 1 KM, liquid cooling charging station over the nation!

1. Faster charging, “one kilometer per second”: The fully liquid-cooled supercharging terminal has a maximum output power of 600kW and a maximum current of 600A. It can still bring a charging experience like refueling to NEV owners in high-altitude regions.

2. High equipment reliability and long service life: Full liquid cooling technology ensures the high reliability of the equipment. It is resistant to high temperature, humidity, dust, corrosion, etc. in the plateau region, and adapts to various complex working conditions along the route.

3. Match all models, charge as soon as the car comes: The success rate of one charge is as high as 99%, and the 200-1000V charging range matches all models, including passenger cars such as Tesla, Xiaopeng, and Ideal, and commercial vehicles such as Cargo Lala. It pioneered the “charge as soon as the car comes in, charge and go” on the 318 Sichuan-Tibet Line.

Huawei's All-liquid-cooled Supercharging Solves The Problem Of Charging Operations - News

Huawei's All-liquid-cooled Supercharging Solves The Problem Of Charging Operations

www.cn-newcom.com

 

[ym888]

Yuan Surpasses Euro as Leading Currency in Global Trade Transactions

Yuan Surpasses Euro as Leading Currency in Global Trade Transactions

Among the currencies used in global trade this year, the Chinese yuan has emerged as the second most widely used currency after the U.S. dollar, reflecting its

www.businesskorea.co.kr

 

[ym888]

Recently, China's first large-size silicon-based Micro-LED micro-display production line was officially completed in Shaanxi, which means that it will meet the needs of large-scale micro-display shipments, and strongly support the development of smart phones, AR/VR, tablet computers and other fields.


The production line is independently designed by China, and combined with the platform resources of Shaanxi photonics industry chain "chain master" enterprise - Shaanxi Optoelectronic Pilot Institute, covering many key links such as lithography, coating, etching, measurement, and the total production capacity of 600,000 pieces/month.

According to reports, the current global display industry has developed to the stage of "upgrading and reshuffling", and a variety of new display technologies such as organic light-emitting diode (OLED) display, light-emitting diode (LED) display, laser display, and Micro-LED are competing to develop. Among them, Micro-LED has obvious advantages in brightness, large size, power consumption and other aspects, and is considered to be the "ultimate display technology" to subvert the industry, and is also the mainstream trend and development direction of future display technology.

The new production line will begin production of T series monochrome and full-color microdisplay products from the first quarter of 2024, covering 0.12 inch monochrome screen, 0.26 inch and 0.39 inch single-chip full-color screen, and can provide customized services for customers.

 

[MiG-29SMT]

Yuan Surpasses Euro as Leading Currency in Global Trade Transactions

Yuan Surpasses Euro as Leading Currency in Global Trade Transactions

Among the currencies used in global trade this year, the Chinese yuan has emerged as the second most widely used currency after the U.S. dollar, reflecting its

www.businesskorea.co.kr

pure propaganda

The euro kept or even increased its share of the world's foreign exchange reserves (20.5%), international debt (22%) and loans (27.6%), as well as foreign exchange turnover last year, the report said.

https://www.reuters.com/markets/currencies/euro-holds-ground-world-stage-despite-russia-slashing-use-ecb-2023-06-21/

 

[rockdog]

pure propaganda

The euro kept or even increased its share of the world's foreign exchange reserves (20.5%), international debt (22%) and loans (27.6%), as well as foreign exchange turnover last year, the report said.

https://www.reuters.com/markets/currencies/euro-holds-ground-world-stage-despite-russia-slashing-use-ecb-2023-06-21/

Trade Transactions



exchange reserves

international debt

loans






They are different categories, this is from Indian Media:

Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT

Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT

As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% in August, which is the highest share the Chinese currency has held in the last five years, according to SWIFT system data.

www.indiatoday.in

 

[Azaad]

Trade Transactions



exchange reserves

international debt

loans






They are different categories, this is from Indian Media:

Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT

Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT

As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% in August, which is the highest share the Chinese currency has held in the last five years, according to SWIFT system data.

www.indiatoday.in

Indian media ??! But isn't the Indian media a partisan commentator on Chinese matters ? I've seen so many statements by you & your fellow wumaos testifying to the same out here .