China Economy: News & Discussion

[Hari Sud]

According to data from the General Administration of Customs, China’s integrated circuit exports increased by 21.2% year-on-year from January to May.

Data released by the General Administration of Customs of China on June 7 showed that 45.65 billion integrated circuits were imported in May this year, with an import value of US$30.926 billion; a total of 213.65 billion integrated circuits were imported from January to May, a year-on-year increase of 14.9%, with a cumulative import value of 148.057 billion US dollars. billion, a year-on-year increase of 13.1%.

At the same time, 25.27 billion integrated circuits were exported in May, with an export value of US$12.634 billion; from January to May, a total of 113.94 billion integrated circuits were exported, a year-on-year increase of 10.5%, and the cumulative export value was US$62.613 billion, a year-on-year increase of 21.2%. Data reported by Guolian Securities on June 1 showed that my country’s semiconductor sales accounted for around 30% of the global market.

As sales gradually increase, the proportion has also been slowly rising, reaching 30.8% as of March. The overall trend of my country's integrated circuit import and export volume is upward. Analysts pointed out that as the downstream coverage of the domestic semiconductor industry gradually enriches, the proportion of my country's integrated circuit export/import is expected to continue to increase, which will lead to the gradual expansion of the revenue share of domestic foundry companies.

View attachment 257400

‘This data does not belong here. It belongs in a Chinese website. Take it there.

 

[rockdog]

‘This data does not belong here. It belongs in a Chinese website. Take it there.

No

 

[srevster]

 

[srevster]

India-Pakistan Cricket World Cup Match Brings 34,000 Fans to Long Island

Security was tight, but the mood was jubilant in the temporary stadium in Nassau County, where India won 119-113 in a highly anticipated showdown.

www.nytimes.com

 

[Blademaster]

India-Pakistan Cricket World Cup Match Brings 34,000 Fans to Long Island

Security was tight, but the mood was jubilant in the temporary stadium in Nassau County, where India won 119-113 in a highly anticipated showdown.

www.nytimes.com

Pls print out the content. behind a paywall and I absolutely refuse to pay anything to that ragtag antihindu paper.

 

[Hari Sud]

No matter how much the Americans and Europeans holler, but they have made themselves dependent on Chinese products. That dictates all the inter - relations between China and the white man’s West. They cannot get out of it hence Chinese are exploiting that superior position of theirs.

To exploit that position of theirs, they overbuilt capacity in almost everything. The recent example of it EV cars. They have the capacity to supply the whole world with cheap EVs. They may not be sturdy as made elsewhere but so cheap that everybody can have it even if they have petrol car in the garage.

All this resulted in President Biden impose 100% import duty. The Chinese tried to bypass that by setting a factory in Mexico, hence the Americans imposed tax on all cars coming from Mexican factories made with Chinese parts.

The moral of the whole story above is that until Chinese Yuan - Dollar exchange rate is fixed to a more reasonable level and import from China for everything have a big import duty applied, the Chinese will keep making things and dumping them in the West.

Deal with economics of the West’s dependency on China. Reduce dollar inflow into China and all other strategic problems will solve themselves.

 

[MiG-29SMT]

No matter how much the Americans and Europeans holler, but they have made themselves dependent on Chinese products. That dictates all the inter - relations between China and the white man’s West. They cannot get out of it hence Chinese are exploiting that superior position of theirs.

To exploit that position of theirs, they overbuilt capacity in almost everything. The recent example of it EV cars. They have the capacity to supply the whole world with cheap EVs. They may not be sturdy as made elsewhere but so cheap that everybody can have it even if they have petrol car in the garage.

All this resulted in President Biden impose 100% import duty. The Chinese tried to bypass that by setting a factory in Mexico, hence the Americans imposed tax on all cars coming from Mexican factories made with Chinese parts.

The moral of the whole story above is that until Chinese Yuan - Dollar exchange rate is fixed to a more reasonable level and import from China for everything have a big import duty applied, the Chinese will keep making things and dumping them in the West.

Deal with economics of the West’s dependency on China. Reduce dollar inflow into China and all other strategic problems will solve themselves.

The taxes Trump and Biden are talking is a political ploy, in reality the Free trade agreement Between Mexico, Canada and USA has laws governing the rules of origin content.

What Biden did, was to impose tariffs to Chinese exported cars that go directly to the USA of 100% Mexico did 25%.

any car made in USA, Canada and Mexico must have a very high local content of 70% so only 30% can be made else where.

However the threat made by trump is not included in the agreement, the threat means Chinese companies are excluded, but not so Japanese or German cars.

Mexico, Canada and the USA have not a customs Union, if we had a customs Union like Europe does we would had imposed a 100% tariff too and same would have been Canada.
In fact it by passes the free trade agreement and nullifies it since as long as BYD makes parts in the USA or Canada and uses lithium from North America technically they can make cars in Mexico.

When Trump says Mr Xi you can not sell cars without american workers he is implying it could be possible by BYD make cars in the USA and very likely they will need to make a Joint venture.

This means technically the Chinese advantage will evaporate, because the price will equalize with Ford or Tesla.

 

[MiG-29SMT]

No matter how much the Americans and Europeans holler, but they have made themselves dependent on Chinese products. That dictates all the inter - relations between China and the white man’s West. They cannot get out of it hence Chinese are exploiting that superior position of theirs.

To exploit that position of theirs, they overbuilt capacity in almost everything. The recent example of it EV cars. They have the capacity to supply the whole world with cheap EVs. They may not be sturdy as made elsewhere but so cheap that everybody can have it even if they have petrol car in the garage.

All this resulted in President Biden impose 100% import duty. The Chinese tried to bypass that by setting a factory in Mexico, hence the Americans imposed tax on all cars coming from Mexican factories made with Chinese parts.

The moral of the whole story above is that until Chinese Yuan - Dollar exchange rate is fixed to a more reasonable level and import from China for everything have a big import duty applied, the Chinese will keep making things and dumping them in the West.

Deal with economics of the West’s dependency on China. Reduce dollar inflow into China and all other strategic problems will solve themselves.

SEV, the automotive division of the Solarever group, together with the state of Durango, Mexico, announced a plan to establish an electric vehicle assembly plant.

The investment will be 6.8 billion Mexican pesos in a state-of-the-art facility located on a 13-hectare site, which aims to promote cleaner and more efficient mobility.

The choice of Durango as the location for this plant is based not only on its territorial extension but also on its potential to strengthen the local economy.

The factory, which is expected to start operations in 2025, will be inaugurated with the assembly of the E-Wan Cross mini SUV. The flexibility of the facility will allow the simultaneous manufacture of three models, providing versatility in responding to market dynamics and the evolution of SEV’s business strategies.

Solarever to Establish Electric Vehicle Plant in Durango

Solarever group, together with the state of Durango, announced a plan to establish an electric vehicle assembly plant

latamobility.com

Here you have an example why Trump says what he says technically Mexico can have Solarever (a Chinese company that was first sold as Mexican because the owner had Mexican nationality but was born in China, and is an ethnic Chinese) Technically they can install the car factory in Mexico.

However usually the Mexican government gives many insentives such as low taxes, cheap land or even free water, so the Americans also recieve the same insentives, however in the case of the Chinese they pressed Mexico to stop doing it.

The solarever can be sold in Mexico, only in Mexico but if Solarever tries to export the cars to the USA it will have a 100% tariff since it does not manufacture cars in the USA.
Also it needs a none chinese battery, thus basically it can make cars in Mexico but not export them without tariffs to the USA or Canada.

 

[Hari Sud]

SEV, the automotive division of the Solarever group, together with the state of Durango, Mexico, announced a plan to establish an electric vehicle assembly plant.

The investment will be 6.8 billion Mexican pesos in a state-of-the-art facility located on a 13-hectare site, which aims to promote cleaner and more efficient mobility.

The choice of Durango as the location for this plant is based not only on its territorial extension but also on its potential to strengthen the local economy.

The factory, which is expected to start operations in 2025, will be inaugurated with the assembly of the E-Wan Cross mini SUV. The flexibility of the facility will allow the simultaneous manufacture of three models, providing versatility in responding to market dynamics and the evolution of SEV’s business strategies.

Solarever to Establish Electric Vehicle Plant in Durango

Solarever group, together with the state of Durango, announced a plan to establish an electric vehicle assembly plant

latamobility.com

Here you have an example why Trump says what he says technically Mexico can have Solarever (a Chinese company that was first sold as Mexican because the owner had Mexican nationality but was born in China, and is an ethnic Chinese) Technically they can install the car factory in Mexico.

However usually the Mexican government gives many insentives such as low taxes, cheap land or even free water, so the Americans also recieve the same insentives, however in the case of the Chinese they pressed Mexico to stop doing it.

The solarever can be sold in Mexico, only in Mexico but if Solarever tries to export the cars to the USA it will have a 100% tariff since it does not manufacture cars in the USA.
Also it needs a none chinese battery, thus basically it can make cars in Mexico but not export them without tariffs to the USA or Canada.

It is Mexico; then we don’t care….. Take it to Mexican website.

 

[MiG-29SMT]

It is Mexico; then we don’t care….. Take it to Mexican website.

do not need to be so defensive, commerce is like that we have commerce between India and Mexico too

Mexico has the capacity to produce up to 5 million vehicles, mainly compact and mid-size SUVs and pickups. However, only a small portion of these cars are left to be sold locally, 89% are exported to other countries. Meanwhile, the Mexican market, eager for subcompact models, both sedans and SUVs, is supplied by other countries that have become producing powers of this type of model.

Between January and September, the brands have sold 757,846 vehicles, of which 63% (477,878 units) have been imported. Although models from 25 countries arrive in the country, four of them have gained ground as sources of car supply for Mexico: India, China, Brazil and Thailand. Together they ship 47% of the cars that Mexico imports, according to Inegi data.
India has contributed 17% of vehicle imports and is the main supplier for Mexico. Brands like Volkswagen, Kia, and Hyundai bring high-volume models from this destination, such as the Volkswagen Vento, the Kia Seltos, and the Hyundai Grand i10.

Ni EU ni Canadá: India es el principal proveedor de autos para México

Marcas como Volkswagen, Kia y Hyundai traen modelos de alto volumen de este destino, como el Vento, el Seltos o el Grand i10.

expansion.mx

It is part of life, India has to have a market with all nations, the need for a website is not needed since all nations have economic relations and India and Mexico are not different

Imports from the automotive sector have grown in recent years. According to data from Bancomext, in 2019 the United States led the first place of origin of imported automobiles with (44%), followed by China with 11% and Japan with 8%. The main imported products were automobiles and auto parts such as body parts, gearboxes, axles, brakes and their parts, as well as engine parts.

However, data from the National Institute of Statistics and Geography (INEGI) indicates that from January to November 2022, China displaced the United States in the Top 5 of the main car supplier countries to Mexico and the list is located in this order: China ( 153 thousand 707), United States (92 thousand 591), Brazil (88 thousand 592), Japan (65 thousand 714) and India (61 thousand 917).

Países de los que puedo importar vehículos a México

Los países de los que puedes importar vehículos a México son Estados Unidos, Canadá, así como de regiones de Latinoamérica, Asia y Europa.

www.aduaeasy.com

 

[Azaad]

another PoV

And why would countries forsake one evil for another ? At least as far as the US goes it's a known devil. Going by the CCP's track record in indebting & thereby debt trapping countries why would anybody want CCP to be in a position of strength by having its currency be the currency of the world ?

 

[helin]

And why would countries forsake one evil for another ? At least as far as the US goes it's a known devil. Going by the CCP's track record in indebting & thereby debt trapping countries why would anybody want CCP to be in a position of strength by having its currency be the currency of the world ?

The US is not the devil and neither is China.

The US is a superpower and China may be or will be.

This is the highest goal pursued by major powers.

India will have the same goal

 

[Azaad]

The US is not the devil and neither is China.

The US is a superpower and China may be or will be.

This is the highest goal pursued by major powers.

India will have the same goal

Depends on which side of the table one is on . Quite frankly if the US inspires little confidence in its ability to lead the world , China inspires ZERO confidence in this respect.

 

[GaudaNaresh]

And why would countries forsake one evil for another ? At least as far as the US goes it's a known devil. Going by the CCP's track record in indebting & thereby debt trapping countries why would anybody want CCP to be in a position of strength by having its currency be the currency of the world ?

CCP debt-trapping countries is no different than US backed IMF debt-traps.
RMB wont be the replacement currency, it will be one of basket of currencies

 

[GaudaNaresh]

The US is not the devil and neither is China.

The US is a superpower and China may be or will be.

This is the highest goal pursued by major powers.

India will have the same goal

The US is the devil. It experiments on its own people with deadly diseases, it kept an anti-constitutional racist system alive for centuries, it has worse discrimination problems than India and it is by far the worst country on the planet for all other nations. as far as superpowers go, USA is by far the worst one.

 

[Azaad]

CCP debt-trapping countries is no different than US backed IMF debt-traps.
RMB wont be the replacement currency, it will be one of basket of currencies

Are you actually asking me to choose between 2 different types of sh!t or are you indicating your preference for 1 particular kind of sh!t , coz it certainly looks like that from here.

 

[GaudaNaresh]

Are you actually asking me to choose between 2 different types of sh!t or are you indicating your preference for 1 particular kind of sh!t , coz it certainly looks like that from here.

anytime its a basket of currencies instead of a singular one, its better shit. thats the bottomline.

 

[Azaad]

anytime its a basket of currencies instead of a singular one, its better shit. thats the bottomline.

That basket is available even today in case you haven't noticed.

 

[MiG-29SMT]

The US is the devil. It experiments on its own people with deadly diseases, it kept an anti-constitutional racist system alive for centuries, it has worse discrimination problems than India and it is by far the worst country on the planet for all other nations. as far as superpowers go, USA is by far the worst one.

no system is perfect, but if i were given to choose i will take the USA but if you are rich in china and poor in the USA well then China looks better, both are horrible systems, but face it more people try to live in the USA and Canada than in China, true the americans have many defects but they stink less


people trying to enter the USA

people trying to scape China

 

[helin]

Depends on which side of the table one is on . Quite frankly if the US inspires little confidence in its ability to lead the world , China inspires ZERO confidence in this respect.

America first, China second.

This will continue for decades