China Economy: News & Discussion

MiG-29SMT

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This is Elyn Leong from Malaysia talking about her experience in the top-rated Chuang Asia survival show from Tencent. She made it onto the debut group as #5 with nearly 50M votes:

They are speaking mandarin because she is ethnic Chinese :)

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yeah but you still talk about me what a wierd nick I will call my self sexy mexican ladies , or that is gross do not you think so? any way I do not post oriental women, since I like real women not pictures
 

SexyChineseLady

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I see wumaos have now graduated from posting fudged data about economic activities in Zhongguo to titillating pictures of scantily clad females to boost viewership on this propaganda thread. I wonder why ? Perhaps not much fudged data is coming thru but daily quota of posts set by the MSS has to be complied with else Social Credit Ratings go for a toss .

How are they "scantily" clad? Where do you see this? Are you one of those who thinks a short skirt is too much? You should stop being so prudish -- which is the sign of Mao and North Korean commies as well as religious nutcases :)

They are trading Chuang Asia cards in SE Asia among fans -- the vast majority of whom are actually young women and girls not men:
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Significance here is that is a top rated survival show produced by a Chinese media firm Tencent that collected hundreds of millions of votes across East and Southeast Asia in creating a girl group :D

Business, fashion and fun pulls Asia together! That is the impact of Tencent, Tik Tok, Shein and Mihoyo :)

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Azaad

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THREAD!!

Thread on why the economic slow down in China accompanied by deflation due to lack of demand is not a temporary blip & is going to be a feature going ahead.


====== The End ========
 

SexyChineseLady

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Very wonderful to know that the C919 could inspire people as far away as Nigeria!


Just build it and prove to yourself that you can do it and others will be inspired by it :)
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Azaad

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Very wonderful to know that the C919 could inspire people as far away as Nigeria!


Just build it and prove to yourself that you can do it and others will be inspired by it :)
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Show them the Bill of Materials of the C-919 & poor chap will go into shock . Also he appears to be totally unaware of Xu Yanjun - the MSS hero . Who's going to tell him about Xu Yanjun ? Will you do it or should someone else do the honours ?
 

MiG-29SMT

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Who cares about ur personal info.

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you are frankly too ignorant.

Environmental studies show tha riding a bike is the best way to reduce air pollution since you can not comprehend that you can not understand the Dutch or Japanese.

Further more your ignorance makes you think EV cars are a solution, you can not comprehend what is green infrastructure

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Having a parkinng lot at a subway or train station is ideal green infrastructure.

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of course your ignorance and complexes makes you think riding a bicycle are for poor people

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In japan bicycle paths are ideal ways of transportation.

this is your powerful electric grid

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China approved equivalent of two new coal plants a week in 2022, report find

3 minute read
Published 2:57 AM EST, Mon February 27, 2023

EV are not solving environmental issues as long as coal gives electricity
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Selling with sex, you buy a BYD. a woman sells it as saying buy a car you get sex.

You are so moron to do not comprehend japanese citiers are well designed for public transportation

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good public transportation is a better solution than give an EV to every one

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does not matter it is ICE or EVs traffic Jams are not good for the environment.

It is too sad to see China was a bicycle society and now is a polluting monster trying to give cars to any one.

Any way BYD had plummeted sales even exporting more so that is propaganda

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But since I know you are Chna Uber alles you can not see EV do pollute and Chinese EV pollute a lot and Chinese cities have acute pollution troubles regardless of EV sales
 
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rockdog

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rockdog

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Show them the Bill of Materials of the C-919 & poor chap will go into shock . Also he appears to be totally unaware of Xu Yanjun - the MSS hero . Who's going to tell him about Xu Yanjun ? Will you do it or should someone else do the honours ?
Those 8 spies, former navy offciers captured by Qatar, heard they are returned to India by diplomatic effort, do you think they still kept their hands and feet uncut under sharia law?
 

MiG-29SMT

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BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by Chinese imports, as she wrapped up four days of meetings to press her case for Beijing to rein in excess industrial capacity.

Yellen told a press conference that U.S. President Joe Biden would not allow a repeat of the "China shock" of the early 2000s, when a flood of Chinese imports destroyed about 2 million American manufacturing jobs.


She did not, however, threaten new tariffs or other trade actions should Beijing continue its massive state support for electric vehicles (EVs), batteries, solar panels and other green energy goods.

Yellen used her second trip to China in nine months to complain that Beijing's overinvestment has built factory capacity far exceeding domestic demand, while fast-growing exports of these products threaten companies in the U.S. and other countries.

She said a newly created exchange forum to discuss the excess capacity issue would need time to reach solutions.

Yellen drew parallels to the pain felt in the U.S. steel sector in the past.

"We've seen this story before," she told reporters. "Over a decade ago, massive PRC (People's Republic of China) government support led to below-cost Chinese steel that flooded the global market and decimated industries across the world and in the United States."

Yellen added: "I've made it clear that President Biden and I will not accept that reality again."

When the global market is flooded with artificially cheap Chinese products, she said, "the viability of American and other foreign firms is put into question."

Yellen said her exchanges with Chinese officials had advanced American interests and that U.S. concerns over excess industrial capacity were shared by Washington's European allies, Japan, Mexico, the Philippines and other emerging markets.

PUSHBACK

China's vice finance minister, Liao Min, told Chinese media that Beijing "has fully responded" to U.S. questions on overcapacity and expressed "grave concern" over restrictions Washington imposes on trade and investment.

Liao said China's "current competitive advantages are rooted in China's large-scale market, complete industrial system and abundant human resources," decrying the "escalation of green protectionist measures by some developed economies."

"China will not sit idly and ignore it," Liao said in remarks published on the ministry's website.

China's parliament, the National People's Congress, said in March the government would take steps to curb industrial overcapacity.

But Beijing says the recent focus by the U.S. and Europe on the risks from China's excess capacity is misguided.

Chinese officials say the criticism understates innovation by companies in China and overstates the importance of state support in driving their growth. They also say tariffs or other trade curbs will deprive global consumers of green energy alternatives key to meeting global climate goals.

WTO RULESTrade curbs on Chinese EVs would contravene World Trade Organisation rules, the industry and information technology ministry said in a statement carried by state media CCTV and China Daily.

The Chinese ministry added that it was committed to support EV exports and would help "accelerate the overseas development" of the industry including planning for shipping and logistics and support for firms to innovate and meet global standards.

Chinese Commerce Minister Wang Wentao voiced more pointed objections during a roundtable meeting with Chinese EV makers in Paris, saying U.S. and European assertions of Chinese excess EV capacity were groundless.

Rather than subsidies, China's EV companies rely on continuous technological innovation, perfect production and supply chain systems and full market competition, Wang said on his trip to discuss a European Union anti-subsidy inquiry.

Yellen suggested a possible short-term solution was for China to take steps to bolster consumer demand with support for households and shift its growth model away from supply-side investments.

Yellen spoke about the issue at length with Premier Li Qiang and also met Finance Minister Lan Foan on Sunday. She met People's Bank of China (PBOC) Governor Pan Gongsheng and former Vice Premier Liu He on Monday.

In a CNBC interview after the meetings, Yellen said she was "not thinking so much" about trade curbs on China, as much as shifts in its macroeconomic environment. But she reiterated she would not rule out tariffs.

(Writing by David Lawder and Marius Zaharia; Editing by Clarence Fernandez and Paul Simao)

 

MiG-29SMT

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Electric Car Battery Problems
The International Energy Agency (IEA) tells us that an electric vehicle requires six times the mineral inputs of a gasoline-powered vehicle.
EV lithium-ion battery packs are made with materials that are expensive, and in some cases, toxic and flammable. Primary materials include lithium, nickel, cobalt, and copper. The mining of these rare materials, their manufacturing processes, and their eventual disposal all pose very real environmental challenges.

While 90 percent of average gasoline-powered vehicle batteries are recycled, only five percent of EV lithium-ion batteries are recycled. While oil is exclusively mined underground in specific areas, the components for lithium-ion batteries are obtained through open pit mining that damages wide areas of the natural environment. Let’s look at how these materials are collected.

Nickel is a major component of EV batteries and is found in the Rainforests of Indonesia. It resides just below the topsoil and is extracted using a method of horizontal surface mining. Harmful effects include removal of topsoil, extreme environmental degradation, and deforestation. We’re not really saving the planet with this process. Since the Rainforests are the lungs of our planet, this is harming the process of removing Carbon Dioxide from the atmosphere.

Lithium mining is also a major culprit. Over half of the world’s lithium is found in Chile, Bolivia, and Argentina, known as the “Lithium Triangle.” The Institute for Energy Research tells us that lithium is found in salt flats in arid areas and the material has to be mined from under these salt flats. Lithium extraction can take 18 months through an evaporation process that uses enormous amounts of water. Each ton of refined lithium uses up 500,000 gallons of water. The results deplete the water table and cause soil contamination.

Another major component of Electric Car batteries is cobalt and 70 percent of cobalt comes from the Democratic Republic of the Congo. While cobalt mining has a similar process as lithium mining, add to this a list of severe human rights violations for hazardous working conditions and child labor. Cobalt is a toxic metal. Prolonged exposure and inhalation of cobalt dust can lead to health issues related to the skin, eyes, and lungs.

Cobalt mining in the Congo involves workers of all ages. Of the 255,000 current workers, over 40,000 are children and some are as young as six-years-old. According to Amnesty International, “Thousands of children mine cobalt in the Democratic Republic of the Congo. Despite the potentially fatal health effects of prolonged exposure, adult and child miners work without even the most basic protective equipment.” The majority of these mines are owned by Chinese companies.

Copper is also used in EV batteries and most of it comes from open-pit strip mines in Chile. This sort of mining negatively impacts topsoil, vegetation, wildlife habitats, and groundwater.

The Impact of Lithium-Ion Batteries for Cars
According to IHS Markit, in the year 2000, nine percent of lithium produced was used for EV batteries. By 2020, this share rose to 66 percent and will reach over 90 percent by 2030. An electric vehicle such as a Tesla Model S contains 63kg of lithium.

As mentioned earlier, lithium mining uses a lot of water. Mining companies in Chile’s Salar de Atacama, one of the driest places on Earth uses 65 percent of the region’s water. Plus, the process of lithium mining uses toxic chemicals which can contaminate streams, crops, and wildlife, adding to the decline of endangered species such as flamingos.

Lithium mining also creates what researchers call “the colonial shadow of green electromobility.” This is the impact that lithium mining has on the local environment and inhabitants in Latin America. The assertion indicates that lithium mining replicates the historical inequities between the Northern and Southern hemispheres in regard to impacting indigenous Andean territories

The Downside of EV Charging
The adoption of all-electric vehicles is happening all around the world, but experts say it is happening too slow to prevent the worst of climate change. The problem is not related to consumers buying EVs, but rather to the slow roll-out of infrastructure to support charging.

According to a recent study, the current rate of EV adoption will not have a noticeable impact on climate change. In order for the benefits to become visible, we’ll need to step up the number of charging stations that are available to consumers.

Eric Hannon, partner in McKinsey's Center for Future Mobility and co-author of Mobility's Net-Zero Transition: A Look at Opportunities and Risks tells us, “How we get there is not written in stone. Frankly, we're moving too slow. We aren't on a trajectory that gets us there yet.”

Hannon explains that in Europe, over 10,000 chargers per week would need to be added in order for the 2030 climate targets to be achieved. If carbon emissions don’t start declining by 2025, then according to his research, EVs’ impact on climate change won’t be enough to keep the temperature rise to under 1.5 degrees this century.

Currently, all-electric vehicles make up eight percent of new car sales in Europe, while the sale of Hybrids, Plug-in Hybrids, and Electric Vehicles in America has reached ten percent. Hannon has concluded that while a lot of people recognize the problem of climate change and are prepared to go electric, “If we wait 10 years or 15 years to start thinking about this and start acting in earnest, it’s too late.”


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Mines may also contain pools of wastewater that can potentially pour into local waterways. For example, in its 2016 report, China Water Risk highlighted an abandoned mine in Ganzhou where untreated chemicals flow from leaching ponds when it rains.

Problems in China

The pollution resulting from rare-earth mining has created soil incapable of supporting crops and water supplies have been contaminated.

Chinese officials have attempted to counteract these threats by shutting down a large number of mines, especially the smaller and the illegal ones, but there are still severe, large-scale threats that remain unresolved.

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78,264 views Apr 18, 2022
The mining and processing of Earth Elements in northern China has caused years of toxic leaking into surrounding water sources. A tailings pond lies on the west of the Chinese city Baotou, one filled with a black grey sludge of toxic and radioactive material. It is the by-product of rare earth processing - elements vital to solar energy, wind farms and other alternative energy sources. It is open to the air but worse it is seeping into the ground below, poisoning the water. Sky's China Correspondent Tom Cheshire was followed when he tried to gather more information.
 
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Azaad

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Those 8 spies, former navy offciers captured by Qatar, heard they are returned to India by diplomatic effort, do you think they still kept their hands and feet uncut under sharia law?
I don't know. You tell me . How does your employer the MSS report ? That those 8 ex IN officers lost their heads , feet , dicks & other parts of their anatomy ! . Must be true then. If the MSS is reporting it .

But what's the connection to what I posted about the Bill of Materials of the COMAC C-919 & the great hero of the MSS , the CCP & the proletariat - the great Han people - Xu Yanjun ?

BTW - what's the CCP undertaking by way of diplomatic activities to get him back ? And what about the MSS ? Why couldn't you reciprocate US action by arresting a US agent ? Are you saying the US isn't carrying out any such espionage activities within Zhongguo ? Or are they smart enough not to be caught unlike the Gaokao examinations fail guys like you & Xu Yanjun ?
 

SexyChineseLady

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I don't know. You tell me . How does your employer the MSS report ? That those 8 ex IN officers lost their heads , feet , dicks & other parts of their anatomy ! . Must be true then. If the MSS is reporting it .

But what's the connection to what I posted about the Bill of Materials of the COMAC C-919 & the great hero of the MSS , the CCP & the proletariat - the great Han people - Xu Yanjun ?

BTW - what's the CCP undertaking by way of diplomatic activities to get him back ? And what about the MSS ? Why couldn't you reciprocate US action by arresting a US agent ? Are you saying the US isn't carrying out any such espionage activities within Zhongguo ? Or are they smart enough not to be caught unlike the Gaokao examinations fail guys like you & Xu Yanjun ?
Xu Yanjun? GE does not make airplanes like COMAC ;)

That said, a Nigerian knowing the Xu case would probably be inspired by the CJ-1000A and CJ-2000!

The West had stolen from Nigeria and the rest of the world for centuries and never paid a penny of compensation. You Indians might be okay with the White Man's hypocrisy but not Nigerians or most of the Global South :)

Unless Xu was able to sneak out a 10000lb turbofan under his shirt, the charges of him stealing "IP stuff" sounds pretty trumped up as another example of racist oppression to most non-whites with any sense of history or fair play :)

 

Azaad

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Xu Yanjun? GE does not make airplanes like COMAC ;)

That said, a Nigerian knowing the Xu case would probably be inspired by the CJ-1000A and CJ-2000!

The West had stolen from Nigeria and the rest of the world for centuries and never paid a penny of compensation. You Indians might be okay with the White Man's hypocrisy but not Nigerians or most of the Global South :)

Unless Xu was able to sneak out a 10000lb turbofan under his shirt, the charges of him stealing "IP stuff" sounds pretty trumped up as another example of racist oppression to most non-whites with any sense of history or fair play :)

Where did I claim GE is making planes like COMAC ? But China's a program for developing high bypass TFs for such airliners as COMAC's C-919. Hence Xu Yanjun the great proletariat Han hero .

The Nigerian would be more entertained than inspired by Xu Yanjun & his shenanigans.

Indeed , the west had stolen & is stealing from Nigeria & the world for centuries without returning anything by way of compensation. Now China's replaced the west . Hence BRI & multiple countries going bankrupt selling / leasing off their assets to the CCP.

Nice scam the CCP has running there with you & your fellow Wumaos serving as their mouthpiece highlighting the west's nefarious role while quietly in the background , China's not just emulating but outdoing the west in coercive diplomacy , debt traps & extraction . There's a word to describe China's actions . It's called neo colonialism.

If the charges were trumped up why's the CCP sitting on its backside ? Why didn't you raise the matter with the US & threaten punitive action ? Wasn't Yellen in your country recently. Why didn't you raise the matter with her? Or you could have emulated the US & brought one of their agents to book ! Why didn't you ?!

All this highlights the fact that the CCP is nothing but a paper tiger .
 

jai jaganath

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Those 8 spies, former navy offciers captured by Qatar, heard they are returned to India by diplomatic effort, do you think they still kept their hands and feet uncut under sharia law?
Which world are u guys living in
Pls use ur local search engine and find their status
 

SexyChineseLady

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All this highlights the fact that the CCP is nothing but a paper tiger .
This is very true and it is proven by 40 years without war leaving a military without experience. That disappoints me ... not really :D

The economy more than makes up for it ;) China will have the C919 and C929 inspiring the Global South and she will have the CJ1000A and CJ2000 powering them.

Stealing "IP" is bull manure. I don't think anyone in the non-West actually believes or supports laws in this intangible aether where they make people pay for ideas. I know India doesn't since it always fought against copyrights for drugs :)

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NutCracker

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This is very true and it is proven by 40 years without war leaving a military without experience. That disappoints me ... not really :D

The economy more than makes up for it ;) China will have the C919 and C929 inspiring the Global South and she will have the CJ1000A and CJ2000 powering them.

Stealing "IP" is bull manure. I don't think anyone in the non-West actually believes or supports laws in this intangible aether where they make people pay for ideas. I know India doesn't since it always fought against copyrights for drugs :)

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Pharma patents are bypassed to protect lives. Even fellow wumaos benefitted from it

Unlike wumao maggots who are here chest thumping about stolen 5G , displays, cheap fancy lifestyle, military tech .
 

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