China Economy: News & Discussion

rockdog

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Chinese tourist rush almost made whole Singapore disfunction after visa free policy.


 

Azaad

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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:
View attachment 241040
View attachment 241041

Those Indians who marry Chinese or East Asians are traditionally enamored by fairer skin . If they don't manage to land whites they settle for a "pale" imitation. Pun absolutely unintended.
 

SexyChineseLady

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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.
The biggest market (by far!) for chips resides in China. China still imports over $400B in integrated circuits every year. If China can replace those imports it will make China the most dominant semicon industry in history. That business never had one country with a complete supply and process chain selling to itself :)
 

SexyChineseLady

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Congratulations ! Chinese are finally following Indian people's footsteps. Hollywood films though popular were never top grossers in India unlike China. May the Chinese take more pride in their own cinema irrespective of its propaganda value.
Thanks! :)

I think the scale and significance is very different. I see there are no Indian films that can compete with Hollywood in box office collection.

But the four top films dominating China's market right now each grosses more than any Hollywood film :)

IMG_2046.jpeg
 

rockdog

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The biggest market (by far!) for chips resides in China. China still imports over $400B in integrated circuits every year. If China can replace those imports it will make China the most dominant semicon industry in history. That business never had one country with a complete supply and process chain selling to itself :)
It's actually dropped a lot in recent two yrs, more and more substitution on the way.

And after EV penetration rate reaches 60%, and each EV contains 500 to 2000 chips.

 

SexyChineseLady

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Those Indians who marry Chinese or East Asians are traditionally enamored by fairer skin . If they don't manage to land whites they settle for a "pale" imitation. Pun absolutely unintended.

I appreciate the pun!

Unlike other East Asian countries, especially those allied with and look up to the West like South Korea and Japan, China is far less hung up on skin color ;)

 

SexyChineseLady

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It's actually dropped a lot in recent two yrs, more and more substitution on the way.

And after EV penetration rate reaches 60%, and each EV contains 500 to 2000 chips.

Thanks! I had the older figures in my head! Still $350B. Imagine China taking over the rest of that.
 

SexyChineseLady

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China's greatest jump in the global share of exports happened at exactly the same time its wages grew exponentially vs other Asian countries!

More exports PLUS massive earnings increase for its workers!!!
IMG_2047.jpeg

IMG_2048.jpeg


Lower labor costs won't help when competing with China ;)

The advantages come from the economy scale produced by the largest consumer society on earth.
 

rockdog

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@SexyChineseLady
have u heard this song?

It's made for 70th national day parade by PLA.
But pretty good song, real heavy metal!

Go bilibili, there r 50 versions, like guitar version, rock n roll vesrion. Suona verson, erhu version....
 
Last edited:

ym888

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China now S. Korea's top e-com selection


AliExpress sells Gangwon 2024 officially licensed products in Seoul, South Korea. [YONHAP NEWS AGENCY]
China became the top overseas direct purchase choice for South Koreans last year, surpassing the United States for the first time, which industry experts attributed to increasing demand from South Korean consumers for cost-effective commodities through Chinese fast-growing cross-border e-commerce platforms.
South Korean shoppers spent 6.75 trillion won ($5 billion) on direct purchases of overseas products online in 2023, up 26.9 percent year-on-year, according to a report from The Korea Times, citing data from Statistics Korea.
Out of the total 6.75 trillion won spent by South Koreans on overseas direct purchases, China accounted for 3.28 trillion won, or about 48 percent, marking a whopping 121.2 percent increase compared to the previous year, the report said.
The US, which had held the top spot as South Korean shoppers' favorite overseas direct purchase option, ranked second. It took up 1.85 trillion won of annual transactions, or 27 percent, a drop of 7.3 percent year-on-year.
The report also said China's strength in the overseas direct purchase market is likely to persist for the time being, given that China's huge consumer market continues to expand alongside the country's robust and efficient online shopping landscape.
China's cross-border online marketplaces such as tech heavyweight Alibaba Group's AliExpress and Temu — which is owned by online discounter PDD Holdings — are gaining popularity among price-conscious South Korean consumers with their cost-effective products and pervasive online promotions, experts said.
AliExpress and Cainiao Group, Alibaba's logistics arm, launched a seven-day express delivery service for oversized parcels in South Korea in early January. Consumers in South Korea can receive furniture, home appliances and other large-sized parcels within seven days.
AliExpress announced plans to invest about 100 billion won in South Korea last year in a bid to offer more attractive products and a better cross-border shopping experience for local consumers, as the online retailer has stepped up its push to strengthen its presence in the growing cross-border shopping market.
The company has also launched a new service called "AliExpress Choice" in South Korea, which will provide customers with free shipping, free returns, delivery guarantees and even more affordable prices.
Temu, which offers a wide selection of Chinese-made merchandise, such as clothing, electronics, jewelry, shoes, handbags and cosmetics at competitive prices, made forays into South Korea in July. Launched in the US in September 2022, Temu now has a presence in more than 40 countries in North America, Europe, Asia and Oceania.
According to smartphone app market research firm WiseApp, Ali-Express became the e-commerce app gaining the largest number of new users in South Korea in 2023.AliExpress garnered an average of about 3.71 million new users every month, with 7.07 million monthly active users in South Korea in November, while Temu attracted a monthly average of 3.54 million users.
Zhang Zhouping, an independent analyst who has been tracking the cross-border e-commerce sector for more than a decade, said, "In recent years, Chinese e-commerce platforms have accelerated steps to expand their global footprint via offering shopping subsidies and launching promotional campaigns, increasing their influence in overseas markets, including South Korea."
High-quality affordable Chinese products are increasingly favored by overseas buyers, Zhang said.
"Chinese online retailers need to build their own core advantages in terms of price, service, quality, supply chains and logistics, have a deep understanding about relevant policies in local markets, and comply with local laws and regulations to ensure their brands are reputable," he said.
 

ym888

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China's Xiaomi opens new factory in Beijing


BEIJING - Chinese smartphone maker Xiaomi has put into operation a new factory in Beijing's Changping district, a source of the district government said on Tuesday.
The new facility, located in Xiaomi's industrial park in Changping, covers 81,000 square meters, is capable of producing around 10 million phones annually, and is equipped with cutting-edge intelligent manufacturing technology.
The majority of the work at the factory is done by robotic systems, ensuring continuous operation around the clock.
All production lines at the factory are expected to be operational by the end of 2024.
 

RoaringTigerHiddenDragon

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The poverty in CCP land is mind blowing. Never seen people lining up to sell blood or eating from trash cans in India. Horrendous. Pathetic. Massive human rights violation.
Also did people notice the Beijing skies? Grey as hell. Massive smog caused by inferior coal burning power plants. After Australia jacked up its coal prices, Beijing has been burning inferior Chinese coal to keep the cities heated. And this causes massive smog polluting Beijing, Shanghai, Shenzhen etc.
 

SexyChineseLady

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@SexyChineseLady
have u heard this song?

It's made for 70th national day parade by PLA.
But pretty good song, real heavy metal!

Go bilibili, there r 50 versions, like guitar version, rock n roll vesrion. Suona verson, erhu version....
Yes! Great march song! March of Steel.

I like the Erhu version!


:)
 

SexyChineseLady

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China now S. Korea's top e-com selection


AliExpress sells Gangwon 2024 officially licensed products in Seoul, South Korea. [YONHAP NEWS AGENCY]
China became the top overseas direct purchase choice for South Koreans last year, surpassing the United States for the first time, which industry experts attributed to increasing demand from South Korean consumers for cost-effective commodities through Chinese fast-growing cross-border e-commerce platforms.
South Korean shoppers spent 6.75 trillion won ($5 billion) on direct purchases of overseas products online in 2023, up 26.9 percent year-on-year, according to a report from The Korea Times, citing data from Statistics Korea.
Out of the total 6.75 trillion won spent by South Koreans on overseas direct purchases, China accounted for 3.28 trillion won, or about 48 percent, marking a whopping 121.2 percent increase compared to the previous year, the report said.
The US, which had held the top spot as South Korean shoppers' favorite overseas direct purchase option, ranked second. It took up 1.85 trillion won of annual transactions, or 27 percent, a drop of 7.3 percent year-on-year.
The report also said China's strength in the overseas direct purchase market is likely to persist for the time being, given that China's huge consumer market continues to expand alongside the country's robust and efficient online shopping landscape.
China's cross-border online marketplaces such as tech heavyweight Alibaba Group's AliExpress and Temu — which is owned by online discounter PDD Holdings — are gaining popularity among price-conscious South Korean consumers with their cost-effective products and pervasive online promotions, experts said.
AliExpress and Cainiao Group, Alibaba's logistics arm, launched a seven-day express delivery service for oversized parcels in South Korea in early January. Consumers in South Korea can receive furniture, home appliances and other large-sized parcels within seven days.
AliExpress announced plans to invest about 100 billion won in South Korea last year in a bid to offer more attractive products and a better cross-border shopping experience for local consumers, as the online retailer has stepped up its push to strengthen its presence in the growing cross-border shopping market.
The company has also launched a new service called "AliExpress Choice" in South Korea, which will provide customers with free shipping, free returns, delivery guarantees and even more affordable prices.
Temu, which offers a wide selection of Chinese-made merchandise, such as clothing, electronics, jewelry, shoes, handbags and cosmetics at competitive prices, made forays into South Korea in July. Launched in the US in September 2022, Temu now has a presence in more than 40 countries in North America, Europe, Asia and Oceania.
According to smartphone app market research firm WiseApp, Ali-Express became the e-commerce app gaining the largest number of new users in South Korea in 2023.AliExpress garnered an average of about 3.71 million new users every month, with 7.07 million monthly active users in South Korea in November, while Temu attracted a monthly average of 3.54 million users.
Zhang Zhouping, an independent analyst who has been tracking the cross-border e-commerce sector for more than a decade, said, "In recent years, Chinese e-commerce platforms have accelerated steps to expand their global footprint via offering shopping subsidies and launching promotional campaigns, increasing their influence in overseas markets, including South Korea."
High-quality affordable Chinese products are increasingly favored by overseas buyers, Zhang said.
"Chinese online retailers need to build their own core advantages in terms of price, service, quality, supply chains and logistics, have a deep understanding about relevant policies in local markets, and comply with local laws and regulations to ensure their brands are reputable," he said.
Even when they were using American platforms (i.e. Amazon) it was mostly Chinese products :)
 

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