China Economy: News & Discussion

SexyChineseLady

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There will be three ARJ-21s too! COMAC is the first Asian company to be relevant in this space! (Mitsubitshi and Japan tried but unfortunately the MRI was canceled and then the prototype was destroyed.)

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SexyChineseLady

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Happy Spring Festival!

 
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rockdog

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Happy Spring Festival!

A Ladakh/Tibetan Indian girl married with Shanghai boy.

And her parents came to Shanghai and Tibet, tons of good pictures.

Shanghai home and city walk



Tibet visit, the husband spents lots of time to get done the permission for them to reach Tibet.



Thailand trip



@SexyChineseLady this guy is pretty good at writing, if you would read these articles inside wechat and like them, try to donate it. ^_^
 
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SexyChineseLady

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Indian wife in Chinese New Year



Very nice!

I think the new generation of mainland Chinese are far more open than Taiwanese on the question of marriage and race, especially from traditionally darker groups like Indians and Africans:
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SexyChineseLady

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The promising signs were always there! That included 8% growth in retail, 30M cars sold in 2023 and a huge box office! But all they want to talk about was "deflation" :D
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SexyChineseLady

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This is the number 1 movie in China. $400M box office in just two weeks!!!

Famous comedian Jia Ling lost 50KGs (110lbs) during the filming of the movie!!!

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InfraMaxxer

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Foreign direct investment into China slumps to worst in 30 years
China’s direct investment liabilities in its balance of payments rose by $33 billion last year, 82% down on 2022, according to data from the State Administration of Foreign Exchange released Sunday. That measure of new foreign investment into the country — which records monetary flows connected to foreign-owned entities in China — slumped to the lowest level since 1993.

Read more at:
 

ym888

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ExxonMobil to invest 1.4 bln USD in China ethylene project in 2024
Source: Xinhua
Editor: huaxia
2024-02-18 22:36:45
SHENZHEN, Feb. 18 (Xinhua) -- U.S. energy giant ExxonMobil plans to invest 10 billion yuan (about 1.4 billion U.S. dollars) in its Huizhou ethylene project in south China's Guangdong Province this year.
Addressing the Guangdong Provincial High-quality Development Conference in Shenzhen on Sunday, Jean-Marc Taton, chairman of ExxonMobil China, said ExxonMobil has already invested over 30 billion yuan in the first phase of its Huizhou ethylene project.
Taton said that the first phase is expected to be operational by the end of this year after a test run.
Dubbed as one of China's major foreign investment projects, the ExxonMobil Huizhou ethylene project is located in the Huizhou Daya Bay Petrochemical Industrial Park.
The project, with a total investment of about 10 billion U.S. dollars, will be built in two phases. The first phase mainly consists of a steam cracker and production facilities for high-performance polyethylene and polypropylene. ■
 

ym888

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China's online transactions rise during Spring Festival holiday
Source: Xinhua
Editor: huaxia
2024-02-18 17:53:15
BEIJING, Feb. 18 (Xinhua) -- China's online transactions saw a robust increase in both volume and value during the just-concluded Spring Festival holiday, data from Chinese online payment clearing house NetsUnion Clearing Corporation, and card payment giant China UnionPay showed on Sunday.
The two platforms handled an average of 2.63 billion online transactions each day from Feb. 9 to 17, up 18.6 percent from the previous Spring Festival holiday season.
The daily average transaction value involved increased 8 percent from the previous holiday period to hit 1.25 trillion yuan (about 176 billion U.S. dollars).
Driven by the holiday consumption boom, online payment rose significantly in sectors including catering, accommodation, tourism, retail, and entertainment, the data revealed.
The Chinese Lunar New Year, or the Spring Festival, is China's most important festival, falling on Feb. 10 this year. It is usually a period for vibrant consumption activities as people return home for family reunions or travel to popular tourist destinations to celebrate the holiday. ■
 

ym888

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China reports current account surplus in 2023
Source: Xinhua
Editor: huaxia
2024-02-18 18:31:15
BEIJING, Feb. 18 (Xinhua) -- China's current account surplus amounted to 264.2 billion U.S. dollars in 2023, the country's foreign exchange regulator said on Sunday.
The current account surplus to gross domestic product ratio was 1.5 percent last year, which is within a reasonable and balanced range, according to the State Administration of Foreign Exchange.
The surplus under trade in goods came in at 608 billion dollars last year, the second highest level in the history, data released by the administration shows.
China's foreign trade has expanded quarter by quarter thanks to the economic recovery trend, underpinning a relatively large current account plus, said Wang Chunying, spokesperson for the administration. ■
 

SexyChineseLady

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China's position in chips has strengthened since the tech ban!

The industry as a whole is overwhelmingly concentrated in East Asia.

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rockdog

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China's position in chips has strengthened since the tech ban!

The industry as a whole is overwhelmingly concentrated in East Asia.

View attachment 241147
Also for wafer:


In 2024, the monthly wafer production of Chinese Mainland is expected to reach 8.6 million pieces, with a year-on-year growth of 13%, accounting for 28.7% of the global wafer production capacity, ranking first in the world. SEMI recently released the World Factory Forecast report, which shows that in 2023, the global semiconductor monthly wafer (WPM) production capacity was 29.6 million pieces, an increase of 5.5%. In 2024, it will increase by 6.4% again, with monthly production capacity exceeding the 30 million pieces mark.
 

rockdog

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People here normally will add 2 to 4 annual leave holiday with new year holiday, so people normally always have around 10 days holiday.

For some specific industry like infrastructure, the holiday is 15 days.
 

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