China Economy: News & Discussion

rockdog

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Its not just RCEP, FTA deals in general are not India's game.
Other than US,UK and UAE, India has a trade deficit with each of its trading partner.
I'd thought it would be easy for India to replace China in a few manufacturing sectors as the low cost exporter, but it seems India's having a bad time banking on its labor pool.
My personal view is: I respect India not join RCEP this time and this is the way India reservers its domestic market to its own companies.

If someone need to blame, i think should be Manmohan Singh.
After 2008 financial crisis, India had golden oppotunity to become a manufcturer hub, Manmohan Singh should done someting on legal and governmental reform...

But at that time, i remembered that Indian members on the forums were drunk of "India is world's office, and China is world's Sweatshop" ... it's little late to realize the manufacture is the key for nations's modernization not some call centers or forgein company's R&D department.

If Modi would held the power in 2008, the situation must be very different.
 

Armand2REP

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My personal view is: I respect India not join RCEP this time and this is the way India reservers its domestic market to its own companies.
It is good that you respect India's decision not to allow a flood of Chinese dumping into India... it is good.
 

no smoking

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Its not just RCEP, FTA deals in general are not India's game.
Other than US,UK and UAE, India has a trade deficit with each of its trading partner.
When you sign the deal, you made your terms not only based on your current capability, but also on your possible capability realized in the near future. The fact is India likes to be overoptimistic about her progress in the new future.

I'd thought it would be easy for India to replace China in a few manufacturing sectors as the low cost exporter, but it seems India's having a bad time banking on its labor pool.
Because India is not the only one wants to get those labour-intensive industries from China.
 

amoy

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I think India's exit from the RCEP deal makes good sense. Many cite China's entry to WTO to liberalize her economy as a successful precedent. But that's hardly applicable for India which is promoting ""Make in India"" nor does Modi / the ruling BJP garner consensus across the Indian society over RCEP.

With RCEP manufacturing would speed up shifting to Vietnam, Cambodia and Indonesia from CJK.
 

no smoking

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I think India's exit from the RCEP deal makes good sense. Many cite China's entry to WTO to liberalize her economy as a successful precedent. But that's hardly applicable for India which is promoting ""Make in India"" nor does Modi / the ruling BJP garner consensus across the Indian society over RCEP.
Well, the matter of fact is that India society has never been preparing for Death or Live competition of modern industrial society. Everyone is expecting a easy win: because we are big, foreigners will come to us; because we are big, foreigners have to accept our term; because we are big, they should give their tech cheaply. On the other hand, Chinese did everything they could before entering WTO: over 80m workers were sacked, these were well-trained workers used to produce rifles, tanks, missiles; over 10000s state-own factories closed, their machines/tools were sold to private manufacturers for almost zero cost.
 

Armand2REP

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China’s car sales drop for 16th consecutive month as October falls 4 per cent
  • Total car sales in the world’s biggest market fell 4 per cent from the same month a year earlier, the China Association of Automobile Manufacturers said on Monday
  • Sales of new energy vehicles (NEVs) fell 45.6 per cent in October following a 33 per cent decline in September
https://www.scmp.com/economy/china-...s-drop-16th-consecutive-month-october-falls-4
 

rockdog

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China’s car sales drop for 16th consecutive month as October falls 4 per cent
  • Total car sales in the world’s biggest market fell 4 per cent from the same month a year earlier, the China Association of Automobile Manufacturers said on Monday
  • Sales of new energy vehicles (NEVs) fell 45.6 per cent in October following a 33 per cent decline in September
https://www.scmp.com/economy/china-...s-drop-16th-consecutive-month-october-falls-4
PSA group in China drops 62.1% sales in first half of 2019... the share in China is less than 1% ...
And 0% in USA;

http://finance.sina.com.cn/stock/relnews/us/2019-07-16/doc-ihytcitm2466721.shtml

Now French cars almost been kicked out from world's big 2 markets...
 

Armand2REP

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PSA group in China drops 62.1% sales in first half of 2019... the share in China is less than 1% ...
And 0% in USA;
PSA bought controlling stake in Fiat-Chrysler to access USA. Why invest in China when it is a dying market?
 

rockdog

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Haldiram

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+1 for complete information.

Another useless piece of commentary to lower the world's IQ :

China’s trade dominance dealt a blow after US gains


Analysts are tentatively calling it “peak China”. The country’s position as the leading global exporter for the past two decades has been dealt a blow after it lost ground to the US in the first six months of this year.
American anal-yeasts have been writing obituaries of Chinese economy since 2002. Unoccupied ghost towns, yield curve inversion, currency deflation, China dying.

Such headlines are only suitable for low iodine American readers. Murica knew all the way that China has gotten the better of them in the 90's itself. That's when successive American administrations started the policy of downplaying Chinese achievements to reassure domestic American voters that America is still the world's pre-eminent power. Today the truth is out in the open so they are giving it a spin that "...China only got ahead of us because they cheated."

Sore losers.

If China is truly a dying economy then why is the US so desperate to make a trade deal with it?

Same anal-yeasts are writing obituaries of Indian economy today while begging India for a FTA with the USA. :pound:


Why is the USA so interested in signing trade deals with dying economies.
 

Haldiram

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@Deathstar 's recommendation for India to sell pork to China be right. Pork prices have gone 4X in a single year.

 
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amoy

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Alibaba Closes Books Early for Hong Kong Listing Amid Strong Demand

https://www.caixinglobal.com/

Planned $13.4 billion secondary offering would be the world’s biggest so far this year, though Saudi Aramco may soon take the top spot
 

amoy

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Kaldi Creator Daniel Povey Joins Xiaomi in Beijing

https://syncedreview.com/2019/10/17/kaldi-creator-daniel-povey-joining-xiaomi-in-beijing/

Beijing (PingWest)- Daniel Povey, the main developer of the widely-used open-source speech recognition toolkit Kaldi, tweeted on Friday that he is likely joining Chinese smartphone maker Xiaomi at its Beijing headquarters to work on a next generation “ PyTorch-y Kaldi”

“I am very close to signing an agreement to work for Xiaomi in Beijing. Would leave before end of 2019, and would hire a small team there to work on next-gen “PyTorch-y Kaldi”, Daniel said on its twitter.

Daniel Povey is a leader in voice recognition research, well known for his contributions to speech recognition and language processing technologies. He and his partners created Kaldi as part of Johns Hopkins University workshop in 2009.
 

ezsasa

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@Deathstar 's recommendation for India to sell pork to China be right. Pork prices have gone 4X in a single year.

Yup, that’s because there is a “pork” epidemic, the Chinese govt has culled a lot of pigs past year .Chinese have opened their strategic pork reserves to control the prices(not kidding).
 

Armand2REP

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Yup, that’s because there is a “pork” epidemic, the Chinese govt has culled a lot of pigs past year .Chinese have opened their strategic pork reserves to control the prices(not kidding).
They get rid of them in the most horrific of ways...

 

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