China Economy: News & Discussion

[Azaad]

Baidu translate murdering the English language once again.

 

[hurrians]

At scl how is the problem in red sea affecting your exports.

 

[rockdog]

You need to see China with some common sense

Winter weather is fun and entertaining in China! But of course, you Indians will see it as torture

View attachment 234991

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View attachment 234993

Popularity of winter sports is the sign when a nation has large group of pepole with more than $20,000/per gdp. Nordic nations, Japan, USA, Germany, France all had this stage.

Plus China has cheapest energy prices, if it would generate consumption, why not:

Wuhan Opens Indoor Snow Centre as Part of World’s New Largest Mall

Wuhan Opens Indoor Snow Centre as Part of World’s New Largest Mall

A large indoor snow centre has opened as part of a huge new mall in Wuhan, Hubei Province, Central China. Dubbed “the first urban centre indoor ski resort in central China” the ‘Wushangmeng Era Hot…

indoorsnownews.com

 

[rockdog]

China exported 5.2 millions cars in 2023，and Japan was 4.3 millions, Germany was 2.89 m, there are some analysis.

(Translation by Baidu)

A few days ago, a post mentioned that China's automobile export volume was 5.2 million units last year, surpassing Japan to become the world's number one. It is almost certain that a friend in the industry has talked to me about this indicator, and some conclusions are quite interesting:

01. First of all, let's conclude that the export volume is an important indicator, but it is only one of the dimensions to measure industrial competitiveness and has certain limitations. It cannot yet indicate that China's automotive industry has become a global hegemon; However, the competitiveness of China's automotive industry is not fully reflected in this indicator.

Firstly, for products like cars, manufacturers tend to manufacture locally or nearby, and export requires paying sea freight. In recent years, shipping costs have skyrocketed, and shipping a Model 3 to Europe costs over $1500. Car companies are now queuing up for capacity, and BYD has even placed orders for roll on/roll off ships.

Secondly, imported cars from various countries are subject to taxes, with developed countries having lower tariffs and developing countries having higher tariffs. For example, India's vehicle tariffs exceed 60%, Brazil's tariffs exceed 35%, our country's tariffs are 25%, and Europe's tariffs are around 10%. The tariffs in the United States range from 2.5% to 25%, and the history of rust causing fellow countrymen to smash foreign cars is much stronger than in China.

04. Therefore, automobile giants tend to (or are forced to) set up factories locally to manufacture cars. For example, in 2022, Japan produced 7.84 million cars domestically, but Japanese companies produced 17 million cars overseas; Germany produced 3.5 million cars domestically in 22 years, but German companies produced 9.6 million cars overseas.

05. Currently, Chinese car companies have just increased their overseas car manufacturing schedule. For example, BYD has factories in Brazil, Thailand, Hungary, India, SAIC has factories in Thailand, Indonesia, India, etc. However, they are either just starting construction or have limited production capacity, which cannot be compared with domestic production. Therefore, the main focus is still on exports.

06. Under the multiple pressures of sea transportation, tariffs, and anti globalization, China's automobile exports can still experience a three level jump in three years, ranking third in 2021, second in 2022, and first in 2023. This also indirectly demonstrates that domestic manufacturing costs are truly low - the only way to achieve success in the world is through low costs.

07. PS sentence: This time, China ranked first in terms of "automobile export quantity", not output value. The country with the highest output value should be Germany, where exporting one Porsche is worth exporting ten Havals.

08. In addition, the main force of China's automobile exports is fuel vehicles, and the proportion of new energy vehicles is only about 30%. The domestic electric vehicle war has become a pot of porridge, and the monsters rolled out will have a lot of space in the world. The path is not exactly the same as that of smart phones, but also basically very different.

9. Therefore, becoming the world's number one automobile exporter is a milestone event, but it cannot be said that China's automobile industry competitiveness is invincible globally. In the future, we will definitely see an increase in overseas manufacturing volume of Chinese automobile companies. Only by catching up with companies like Toyota and Volkswagen globally can we completely become the number one automobile power.

10. Someone may ask: Is the indicator of "overseas production capacity of automobile companies" more important than "automobile export volume"? Not really. A car manufactured domestically and sold overseas represents that the employment, taxation, and supply chain behind the car remain in China. Therefore, compared to car companies building factories overseas and distributing profits to shareholders, locally manufactured cars have greater social significance.

11. To maintain the scale of "local manufacturing, global sales", local production efficiency is the most crucial indicator. Japan and Germany have done a good job in this regard, and China's manufacturing efficiency has also improved rapidly in recent years. We need to thank joint venture car manufacturers for more than 30 years of operation in China, which has cultivated a mature talent pool and supply chain for China.

 

[skywatcher]

Space is now just another industry in China!
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This is obviously not enough. Private Chinese orbital launches is currently less than 1/4 of China's total orbital launches in 2023. 2024 may see a surge in private orbital flights. 2025 will see real growth of explosion in private orbital flights thanks to the Guowang mega-constellation.

 

[SexyChineseLady]

China exported 5.2 millions cars in 2023，and Japan was 4.3 millions, Germany was 2.89 m, there are some analysis.

(Translation by Baidu)

View attachment 235030

A few days ago, a post mentioned that China's automobile export volume was 5.2 million units last year, surpassing Japan to become the world's number one. It is almost certain that a friend in the industry has talked to me about this indicator, and some conclusions are quite interesting:

01. First of all, let's conclude that the export volume is an important indicator, but it is only one of the dimensions to measure industrial competitiveness and has certain limitations. It cannot yet indicate that China's automotive industry has become a global hegemon; However, the competitiveness of China's automotive industry is not fully reflected in this indicator.

Firstly, for products like cars, manufacturers tend to manufacture locally or nearby, and export requires paying sea freight. In recent years, shipping costs have skyrocketed, and shipping a Model 3 to Europe costs over $1500. Car companies are now queuing up for capacity, and BYD has even placed orders for roll on/roll off ships.

Secondly, imported cars from various countries are subject to taxes, with developed countries having lower tariffs and developing countries having higher tariffs. For example, India's vehicle tariffs exceed 60%, Brazil's tariffs exceed 35%, our country's tariffs are 25%, and Europe's tariffs are around 10%. The tariffs in the United States range from 2.5% to 25%, and the history of rust causing fellow countrymen to smash foreign cars is much stronger than in China.

04. Therefore, automobile giants tend to (or are forced to) set up factories locally to manufacture cars. For example, in 2022, Japan produced 7.84 million cars domestically, but Japanese companies produced 17 million cars overseas; Germany produced 3.5 million cars domestically in 22 years, but German companies produced 9.6 million cars overseas.

05. Currently, Chinese car companies have just increased their overseas car manufacturing schedule. For example, BYD has factories in Brazil, Thailand, Hungary, India, SAIC has factories in Thailand, Indonesia, India, etc. However, they are either just starting construction or have limited production capacity, which cannot be compared with domestic production. Therefore, the main focus is still on exports.

06. Under the multiple pressures of sea transportation, tariffs, and anti globalization, China's automobile exports can still experience a three level jump in three years, ranking third in 2021, second in 2022, and first in 2023. This also indirectly demonstrates that domestic manufacturing costs are truly low - the only way to achieve success in the world is through low costs.

07. PS sentence: This time, China ranked first in terms of "automobile export quantity", not output value. The country with the highest output value should be Germany, where exporting one Porsche is worth exporting ten Havals.

08. In addition, the main force of China's automobile exports is fuel vehicles, and the proportion of new energy vehicles is only about 30%. The domestic electric vehicle war has become a pot of porridge, and the monsters rolled out will have a lot of space in the world. The path is not exactly the same as that of smart phones, but also basically very different.

9. Therefore, becoming the world's number one automobile exporter is a milestone event, but it cannot be said that China's automobile industry competitiveness is invincible globally. In the future, we will definitely see an increase in overseas manufacturing volume of Chinese automobile companies. Only by catching up with companies like Toyota and Volkswagen globally can we completely become the number one automobile power.

10. Someone may ask: Is the indicator of "overseas production capacity of automobile companies" more important than "automobile export volume"? Not really. A car manufactured domestically and sold overseas represents that the employment, taxation, and supply chain behind the car remain in China. Therefore, compared to car companies building factories overseas and distributing profits to shareholders, locally manufactured cars have greater social significance.

11. To maintain the scale of "local manufacturing, global sales", local production efficiency is the most crucial indicator. Japan and Germany have done a good job in this regard, and China's manufacturing efficiency has also improved rapidly in recent years. We need to thank joint venture car manufacturers for more than 30 years of operation in China, which has cultivated a mature talent pool and supply chain for China.

Beating Japan by almost 1M. Just three years ago, China was behind Korea and Germany. This is the fastest change in the car industry ever.

The growth curve looks like Mt. Everest

 

[MiG-29SMT]

Except the Monorail in Wuhan is not Magnetic Levitation but monorail running at 60 kmph.

Besides I don't think you know the definition of Levitation unless in China levitation also includes being suspended from the top.

Finally MAGLEV only makes sense at super HSR speeds meaning 500 + kmph given the tremendous amounts required to build up Infrastructure to run MAGLEV on . It doesn't make sense otherwise as in to run MAGLEV at conventional speeds .

maglev at conventional speeds is really a very stupid way of wasting money

 

[MiG-29SMT]

Beating Japan by almost 1M. Just three years ago, China was behind Korea and Germany. This is the fastest change in the car industry ever.

The growth curve looks like Mt. Everest

View attachment 235047

most cars exported by China are japanese cars

 

[MiG-29SMT]

Beating Japan by almost 1M. Just three years ago, China was behind Korea and Germany. This is the fastest change in the car industry ever.

The growth curve looks like Mt. Everest

View attachment 235047

propaganda man never see real facts

Car production in China 2020, by Japanese automakersAmong the Japanese automakers producing cars in China in 2020, Honda's production was the largest at about 1.6 million vehicles, followed by Toyota and Nissan, which produced about 1.5 million and 1.1 million vehicles in China that year, respectively.

China: Car production by Japanese automakers | Statista

Among the Japanese automakers producing cars in China in 2020, Honda's production was the largest at about 1.6 million vehicles, followed by Toyota and Nissan, which produced about 1.5 million and 1.1 million vehicles in China that year, respectively.

www.statista.com

.

 

[MiG-29SMT]

Beating Japan by almost 1M. Just three years ago, China was behind Korea and Germany. This is the fastest change in the car industry ever.

The growth curve looks like Mt. Everest

View attachment 235047

when stupids do no check facts

Automobile production and sales

With a production volume of nearly 24 million passenger cars, China ranked first among countries with the largest production of passenger cars. It was followed by Japan, Germany, the United States and South Korea - countries which are home to valuable car brands worldwide. On average, every fourth passenger vehicle produced in the world was produced in China.
China’s soaring vehicle production was rising to meet demand for years. Passenger vehicle sales surged from around seven million in 2008 to over 23 million units in 2022.

Vehicle manufacturers

However, even though the production and sale of vehicles in China have increased rapidly, China has not claimed an increased market share of its own car brands and are merely keeping pace with the international competition. The market share of domestical-designed passenger vehicle has remained much the same between 2018 and 2021. Furthermore, almost all of the leading bestselling cars in China are the product of joint ventures with foreign manufacturers. This is because Chinese law requires foreign carmakers to form joint ventures with Chinese brands. For example, General Motors has an ongoing cooperation with the Shanghai Automotive Industry Corporation, and South Korean carmaker Hyundai has formed a joint venture with the Beijing Automotive Group. Such regulation was supposed be relaxed graudally.

China car production by type 2022 | Statista

China produces both passenger cars and commercial vehicles. Since 2006, China has mostly manufactured passenger cars.

www.statista.com

 

[MiG-29SMT]

You need to see China with some common sense

Winter weather is fun and entertaining in China! But of course, you Indians will see it as torture

View attachment 234991

View attachment 234992

View attachment 234993

Chinese women like foreign men

 

[MiG-29SMT]

Beating Japan by almost 1M. Just three years ago, China was behind Korea and Germany. This is the fastest change in the car industry ever.

The growth curve looks like Mt. Everest

View attachment 235047

SHANGHAI, Sept. 6 (Xinhua) -- The 2 millionth vehicle produced by Tesla Gigafactory Shanghai rolled off the assembly line on Wednesday, reaching a new milestone, the company said.

Tesla Shanghai factory achieves milestone with 2 mln cars produced

Tesla Shanghai factory achieves milestone with 2 mln cars produced-

english.news.cn

 

[rockdog]

SHANGHAI, Sept. 6 (Xinhua) -- The 2 millionth vehicle produced by Tesla Gigafactory Shanghai rolled off the assembly line on Wednesday, reaching a new milestone, the company said.

Tesla Shanghai factory achieves milestone with 2 mln cars produced

Tesla Shanghai factory achieves milestone with 2 mln cars produced-

english.news.cn

 

[SexyChineseLady]

View attachment 235054

This will not help Tesla:

 

[rockdog]

This will not help Tesla:

View attachment 235063

China’s BYD overtakes Tesla's electric car sales in last quarter of 2023

Electric-only deliveries from Chinese company BYD outpaced Elon Musk's Tesla for the first time.

www.bbc.com

 

[SexyChineseLady]

The only thing keeping the US in the running against China for economy size is its "services."

China can't beat the US in financial instruments, lawyer fees or $100 haircuts:

But anything that is real and you can touch and use China produce more. A LOT more

 

[SexyChineseLady]

BYD will be exporting from Thailand soon -- Chinese companies are setting up a whole supply chain there:

 

[SexyChineseLady]

At scl how is the problem in red sea affecting your exports.

 

[hurrians]

"Top logistics firms such as MSC, Hapag-Lloyd, and COSCO have suspended transportation through that route" "and have resorted to delivering goods via the Cape of Good Hope, as was done in the Middle Ages."

Red Sea shipping crisis to accelerate shift to rail freight in Eurasia - Global Times

www.globaltimes.cn

 

[SexyChineseLady]

"Top logistics firms such as MSC, Hapag-Lloyd, and COSCO have suspended transportation through that route" "and have resorted to delivering goods via the Cape of Good Hope, as was done in the Middle Ages."

Red Sea shipping crisis to accelerate shift to rail freight in Eurasia - Global Times

www.globaltimes.cn

Maybe you are right