China Economy: News & Discussion

[rockdog]

China's export is still boom in April, even better than expectation!

China's imports in April increased 43.1% year-on-year (in US dollars), expected to be 44%, compared with the previous value of 38.1%. In April, exports grew by 32.3% year-on-year (in US dollars), expected to be 24.1% and the previous value was 30.6%.

The following is from the General Administration of Customs:
According to customs statistics, in dollar terms, China's total import and export value in the first four months of this year was US $1.79 trillion, up 38.2% year on year and 27.4% over the same period in 2019. Among them, exports amounted to US $973.7 billion, a year-on-year increase of 44%, and an increase of 30.7% over the same period in 2019; Imports reached 815.79 billion US dollars, up 31.9% year on year and 23.7% over the same period in 2019; The trade surplus was US $157.91 billion, up 174% year on year.

In terms of US dollars, China's total import and export value in April was US $484.99 billion, a year-on-year increase of 37%, a month on month increase of 3.5%, and a year-on-year increase of 29.6%. Among them, the export reached 263.92 billion US dollars, up 32.3% year on year, 9.5% month on month, and 36.3% year on year; Imports reached US $221.07 billion, a year-on-year increase of 43.1%, a month on month decrease of 2.8%, and a year-on-year increase of 22.5%; The trade surplus was US $42.85 billion, a year-on-year decrease of 4.7%.

The import and export of general trade increased and the proportion increased. In the first four months, China's general trade import and export reached US $1102.336 billion, up 42.3% year-on-year (the same below), accounting for 61.6% of China's total foreign trade value, up 1.8 percentage points over the same period last year. Among them, exports reached 590.573 billion US dollars, an increase of 49.4%; Imports reached 511.763 billion US dollars, an increase of 34.8%.

Imports and exports to ASEAN, EU and the United States increased. In the first four months, ASEAN was China's largest trading partner. The total value of trade between China and ASEAN was US $264.025 billion, an increase of 37.2%, accounting for 14.8% of China's total foreign trade value. Among them, exports to ASEAN reached 146.272 billion US dollars, up 38.8%; Imports from ASEAN reached US $117.754 billion, an increase of 35.3%; The trade surplus with ASEAN was US $28.518 billion, an increase of 43.6%. The EU is China's second largest trading partner, with a total trade value of US $250.299 billion, an increase of 42.0%, accounting for 14%. Among them, exports to the EU reached US $150.093 billion, an increase of 46.6%; Imports from the EU reached US $100.207 billion, an increase of 35.7%; The trade surplus with the EU was US $49.886 billion, an increase of 60.9%. The United States is China's third largest trading partner, with a total value of US $221.651 billion, an increase of 61.8%, accounting for 12.4%. Among them, exports to the United States reached 161.168 billion US dollars, an increase of 60.8%; Imports from the United States reached US $60.484 billion, an increase of 64.7%; The trade surplus with the United States was US $100.684 billion, an increase of 47%. Japan is China's fourth largest trading partner, with a total value of US $118.525 billion, an increase of 24.8%, accounting for 6.6%. Among them, the export to Japan was US $52.429 billion, an increase of 21.2%; Imports from Japan reached 66.096 billion US dollars, an increase of 27.9%; The trade deficit with Japan was 13.667 billion US dollars, an increase of 53.6%.

Exports of mechanical and electrical products and high-tech products increased. In the first four months, China exported 583.166 billion US dollars of mechanical and electrical products, an increase of 46.7%, accounting for 59.9% of the total export value. During the same period, the export of high-tech products reached 288.526 billion US dollars, an increase of 42%, accounting for 29.6% of the total export value.

 

[sunshine]

China's export is still boom in April, even better than expectation!

China's imports in April increased 43.1% year-on-year (in US dollars), expected to be 44%, compared with the previous value of 38.1%. In April, exports grew by 32.3% year-on-year (in US dollars), expected to be 24.1% and the previous value was 30.6%.

The following is from the General Administration of Customs:
According to customs statistics, in dollar terms, China's total import and export value in the first four months of this year was US $1.79 trillion, up 38.2% year on year and 27.4% over the same period in 2019. Among them, exports amounted to US $973.7 billion, a year-on-year increase of 44%, and an increase of 30.7% over the same period in 2019; Imports reached 815.79 billion US dollars, up 31.9% year on year and 23.7% over the same period in 2019; The trade surplus was US $157.91 billion, up 174% year on year.

In terms of US dollars, China's total import and export value in April was US $484.99 billion, a year-on-year increase of 37%, a month on month increase of 3.5%, and a year-on-year increase of 29.6%. Among them, the export reached 263.92 billion US dollars, up 32.3% year on year, 9.5% month on month, and 36.3% year on year; Imports reached US $221.07 billion, a year-on-year increase of 43.1%, a month on month decrease of 2.8%, and a year-on-year increase of 22.5%; The trade surplus was US $42.85 billion, a year-on-year decrease of 4.7%.

The import and export of general trade increased and the proportion increased. In the first four months, China's general trade import and export reached US $1102.336 billion, up 42.3% year-on-year (the same below), accounting for 61.6% of China's total foreign trade value, up 1.8 percentage points over the same period last year. Among them, exports reached 590.573 billion US dollars, an increase of 49.4%; Imports reached 511.763 billion US dollars, an increase of 34.8%.

Imports and exports to ASEAN, EU and the United States increased. In the first four months, ASEAN was China's largest trading partner. The total value of trade between China and ASEAN was US $264.025 billion, an increase of 37.2%, accounting for 14.8% of China's total foreign trade value. Among them, exports to ASEAN reached 146.272 billion US dollars, up 38.8%; Imports from ASEAN reached US $117.754 billion, an increase of 35.3%; The trade surplus with ASEAN was US $28.518 billion, an increase of 43.6%. The EU is China's second largest trading partner, with a total trade value of US $250.299 billion, an increase of 42.0%, accounting for 14%. Among them, exports to the EU reached US $150.093 billion, an increase of 46.6%; Imports from the EU reached US $100.207 billion, an increase of 35.7%; The trade surplus with the EU was US $49.886 billion, an increase of 60.9%. The United States is China's third largest trading partner, with a total value of US $221.651 billion, an increase of 61.8%, accounting for 12.4%. Among them, exports to the United States reached 161.168 billion US dollars, an increase of 60.8%; Imports from the United States reached US $60.484 billion, an increase of 64.7%; The trade surplus with the United States was US $100.684 billion, an increase of 47%. Japan is China's fourth largest trading partner, with a total value of US $118.525 billion, an increase of 24.8%, accounting for 6.6%. Among them, the export to Japan was US $52.429 billion, an increase of 21.2%; Imports from Japan reached 66.096 billion US dollars, an increase of 27.9%; The trade deficit with Japan was 13.667 billion US dollars, an increase of 53.6%.

Exports of mechanical and electrical products and high-tech products increased. In the first four months, China exported 583.166 billion US dollars of mechanical and electrical products, an increase of 46.7%, accounting for 59.9% of the total export value. During the same period, the export of high-tech products reached 288.526 billion US dollars, an increase of 42%, accounting for 29.6% of the total export value.

many orders to India have been transferred to China. There are also many Indian guests under medical orders and other, but now they ask for confirmation to confirm whether the goods receipter will be normal, some of them are in the hospital, very few partially died, In case no one receives the goods.
ABANDONMENT RATE arise

 

[rockdog]

A good example of evil the Chinese Communist Party (CCP) really is: The CCP is raising prices of drug components it exports to India in the middle of the pandemic when India really needs these drugs. This after CCP cancelled Chinese state run Sichuan airlines cargo flights which usually transported these supplies (several flights per day), delaying essential medical supplies to India, as well as creating bottleneck in the supply of APIs for manufacture of drugs. India should file a complaint with the world trade organization (WTO) against China.

After cancelling Sichuan airlines flights, Chinese Communist Party is raising the prices of drug components (APIs) that India sources from China along with causing shortages in the supplies:

Curious, if those PPE and ventitalors are claimed by some media produced in Xijiang or comapnies hired by Uygurs, will India buy them or not ...

I also think those ventitalors are too cheap to sell, it might against WTO, i hope you would ask GOI to stop importing them.

 

[Haldilal]

many orders to India have been transferred to China. There are also many Indian guests under medical orders and other, but now they ask for confirmation to confirm whether the goods receipter will be normal, some of them are in the hospital, very few partially died, In case no one receives the goods.
ABANDONMENT RATE arise

Curious, if those PPE and ventitalors are claimed by some media produced in Xijiang or comapnies hired by Uygurs, will India buy them or not ...

I also think those ventitalors are too cheap to sell, it might against WTO, i hope you would ask GOI to stop importing them.

Ya'll Nibbiars again its just a percentage of the total world order. And again not a donation.

 

[johnq]

China's export is still boom in April, even better than expectation!

China's imports in April increased 43.1% year-on-year (in US dollars), expected to be 44%, compared with the previous value of 38.1%. In April, exports grew by 32.3% year-on-year (in US dollars), expected to be 24.1% and the previous value was 30.6%.

The following is from the General Administration of Customs:
According to customs statistics, in dollar terms, China's total import and export value in the first four months of this year was US $1.79 trillion, up 38.2% year on year and 27.4% over the same period in 2019. Among them, exports amounted to US $973.7 billion, a year-on-year increase of 44%, and an increase of 30.7% over the same period in 2019; Imports reached 815.79 billion US dollars, up 31.9% year on year and 23.7% over the same period in 2019; The trade surplus was US $157.91 billion, up 174% year on year.

In terms of US dollars, China's total import and export value in April was US $484.99 billion, a year-on-year increase of 37%, a month on month increase of 3.5%, and a year-on-year increase of 29.6%. Among them, the export reached 263.92 billion US dollars, up 32.3% year on year, 9.5% month on month, and 36.3% year on year; Imports reached US $221.07 billion, a year-on-year increase of 43.1%, a month on month decrease of 2.8%, and a year-on-year increase of 22.5%; The trade surplus was US $42.85 billion, a year-on-year decrease of 4.7%.

The import and export of general trade increased and the proportion increased. In the first four months, China's general trade import and export reached US $1102.336 billion, up 42.3% year-on-year (the same below), accounting for 61.6% of China's total foreign trade value, up 1.8 percentage points over the same period last year. Among them, exports reached 590.573 billion US dollars, an increase of 49.4%; Imports reached 511.763 billion US dollars, an increase of 34.8%.

Imports and exports to ASEAN, EU and the United States increased. In the first four months, ASEAN was China's largest trading partner. The total value of trade between China and ASEAN was US $264.025 billion, an increase of 37.2%, accounting for 14.8% of China's total foreign trade value. Among them, exports to ASEAN reached 146.272 billion US dollars, up 38.8%; Imports from ASEAN reached US $117.754 billion, an increase of 35.3%; The trade surplus with ASEAN was US $28.518 billion, an increase of 43.6%. The EU is China's second largest trading partner, with a total trade value of US $250.299 billion, an increase of 42.0%, accounting for 14%. Among them, exports to the EU reached US $150.093 billion, an increase of 46.6%; Imports from the EU reached US $100.207 billion, an increase of 35.7%; The trade surplus with the EU was US $49.886 billion, an increase of 60.9%. The United States is China's third largest trading partner, with a total value of US $221.651 billion, an increase of 61.8%, accounting for 12.4%. Among them, exports to the United States reached 161.168 billion US dollars, an increase of 60.8%; Imports from the United States reached US $60.484 billion, an increase of 64.7%; The trade surplus with the United States was US $100.684 billion, an increase of 47%. Japan is China's fourth largest trading partner, with a total value of US $118.525 billion, an increase of 24.8%, accounting for 6.6%. Among them, the export to Japan was US $52.429 billion, an increase of 21.2%; Imports from Japan reached 66.096 billion US dollars, an increase of 27.9%; The trade deficit with Japan was 13.667 billion US dollars, an increase of 53.6%.

Exports of mechanical and electrical products and high-tech products increased. In the first four months, China exported 583.166 billion US dollars of mechanical and electrical products, an increase of 46.7%, accounting for 59.9% of the total export value. During the same period, the export of high-tech products reached 288.526 billion US dollars, an increase of 42%, accounting for 29.6% of the total export value.

LOL, that headline is using incorrect English grammar. Chinese Communist Party (CCP) propagandists could at least use correct English grammar when throwing out propaganda reports with cherrypicked data points that do not reflect the complete reality of wealth inequality in China, nor does it show the tens of millions of slaves (made up of Uyghurs, Mongolians, Tibetans, other minorities, Falun Gong members, protestors from Hong Kong and elsewhere, and unjustly imprisoned common people from China) in forced labor camps and prisons, or how the CCP profits from selling their organs. Then there is the exploitation of the common Chinese worker who lives on scraps, while the CCP keeps all the profits: That number is at least 700 million because 50 percent of Chinese population make only 10 percent of the GDP, and that is according to statistics that are watered down by the CCP and don't include taxes paid to CCP or slave labor or organ harvesting. But CCP bots would prefer to believe CCP propaganda and live in their little propaganda bubbles. Ignorance is bliss for them. But only until the CCP needs their organs for somebody higher up in the CCP leadership. Then they or their loved ones disappear.
The above data also does not show the IP theft that has contributed to CCP's profits; or how most Chinese students and workers in other countries are CCP agents sent there to steal IP from universities and companies (the Chinese in other countries have to do this or their family members disappear into prisons); or how China is stealing IP from American companies in China, and then dumping them. Here is a discussion about this:
#116 Why China Screws Western Companies
The Chinese Communist Party has fooled Western Companies and businesses, like Elon Musk and Tesla, into coming into China to make their fortune. But it always comes back to bite them. Why is the US China relationship defined by so much ignorance? On this episode of China Unscripted, the team takes a look at what the West gets consistently wrong about China.

 

[johnq]

Ya'll Nibbiars again its just a percentage of the total world order. And again not a donation.

Yeah, they overcharged by something like 40 percent on prices and 20 percent extra for shipping, and then cancelled their damn airlines so India had to make other arrangements to pick them up which increased the cost by a lot. Even now the Chinese Communist Party (CCP) has tripled the prices of the drug APIs sold to India. Thankfully the Indian government was already in the process of indigenizing much of these APIs, other countries have stepped in to help out after CCP backstabbing. And the the CCP wonders why India is being so friendly with US and other western countries.

 

[rockdog]

many orders to India have been transferred to China. There are also many Indian guests under medical orders and other, but now they ask for confirmation to confirm whether the goods receipter will be normal, some of them are in the hospital, very few partially died, In case no one receives the goods.
ABANDONMENT RATE arise

 

[Flying Dagger]

Companies hired by uighurs ? What does it mean...

Between China virus is an opportunity created for china to grow it's business they aren't selling anything cheap, nor donating but selling substandard shit to make profit out of dire situation so hold off your high horses.

The only thing WTO should ideally consider is bringing step by step ban on china to facilitate other nations to take over the market . The organisation has made itself useless and just a propaganda tool of Chinese viruses leader ping pong XI.

How's that schum XI doing anyway ? Heard a story that her wife was used as a whore to facilitate deal for Chinese.. is it common among CCP. As I did learnt that many CCP members whore out their women to get in favourable position in the party.

 

[SexyChineseLady]

China stocks defy US blacklisting surging by nearly 20% this year
By contrast, the relaunched MSCI China index with the companies removed, was almost unchanged

China stocks defy US blacklisting surging by nearly 20% this year

By contrast, the relaunched MSCI China index with the companies removed, was almost unchanged

www.ft.com

 

[johnq]

Explains why there is no TikTok in China, and why TikTok is banned even in Pakistan, CCP's best friend.

India got it right: TikTok is evil - Washington Examiner

So what if the United States has successfully warded off the Chinese Communist Party’s Huawei from infiltrating our 5G development? China still has a one-way intelligence back door into the U.S. in the form of TikTok, the Chinese video networking platform that answers directly to Beijing. The...

www.washingtonexaminer.com

India got it right: TikTok is evil

So what if the United States has successfully warded off the Chinese Communist Party’s Huawei from infiltrating our 5G development? China still has a one-way intelligence back door into the U.S. in the form of TikTok, the Chinese video networking platform that answers directly to Beijing.

The app has been downloaded 165 million times in the U.S., meaning that if each download is unique, more than half of our population has turned over its most sensitive data to the Chinese Communist Party.

India, in contrast, refuses to continue to aid and abet Beijing. In an escalation of the long-simmering border conflict between India and China, the former took the unprecedented measure of banning 58 apps used by the Chinese Communist Party to surveil users in other nations, TikTok being the most prevalent in the Western world.

It’s difficult to see how a blanket ban on TikTok downloads in the U.S. would be either legal or wise, but it’s clear that India has the right idea, and we should do about it.

We already know that sites and services such as Facebook and Google are “free” because you, the user, are the product — your data gets sold for profit to advertisers. But allowing your profile to be mined for targeted ads about domestic politicians and fast fashion is a world away from servicing a dictatorship that unleashed a deadly pandemic across the world and is currently committing de facto genocide against its Muslim citizens.

And yet, clout-chasers like Taylor Lorenz at the New York Times, who claimed that a senator’s op-ed in her newspaper put lives at risk by expressing an opinion shared by 58% of the nation, reports glibly on Gen Zers selling their lives away to the Chinese Communist Party — in fact, she's nearly encouraging it. Here is Lorenz defending using the paper of record to signal-boost the underage daughter of a top Trump administration official's TikTok:

She already had thousands of views and has been going viral on TikTok for her vids about her mom, also I talked to her abt tweeting and we are mutuals. Idk what you want but she’s her own person growing her own online audience! https://t.co/yUezOb4Fh5 https://t.co/onFFtdkfKR
— Taylor Lorenz (@TaylorLorenz) June 30, 2020

Not for me! I write about teenage influencers and TikTok stars. I think it’s great that young people are making their voices and views heard online. You can read my coverage here https://t.co/ZB9ZIlG10z
— Taylor Lorenz (@TaylorLorenz) June 30, 2020

Not only does TikTok mine user data, but it also assists evil regimes in their pursuits of censorship. Given its direct access to Beijing, it comes as no surprise that TikTok censors information portraying the Communist Party in a critical light. What’s perhaps less logical but just as galling is its willingness to aid Turkey in silencing content supportive of the Kurds. In nations that criminalize homosexuality, TikTok is happy to censor contrary opinions.

And yet this is how top tech reporters try to whitewash TikTok in relation to other domestic tech companies:

when are we going to stop being shocked that apps collect data on us, and then use that data for profit

if youre mad about tiktok rn then i have bad news about your weather app, your dating app, your OTHER dating app (), your to-do list app, your diet tracker app...
— shoshana wodinsky (@swodinsky) June 29, 2020

An entire generation of millennials already sold its data to American companies in pursuit of profit. Yet we’re still allowing the next generation to sell data not to American companies but to a racist, genocidal regime — all in exchange for 15 minutes of fame. We may not be able to adopt its policy, but India has the right attitude. It’s high time consumers made their own choice to eradicate the filth that is TikTok from the free world's devices.

 

[SexyChineseLady]

Tik Tok in China is called Douyin. Super popular!

 

[Haldilal]

Ya'll Nibbiars The ED has Attached Bank Accounts of 7 Chinese Loan Applixations Companies and Attached ₹ 76.67 Cr.

 

[johnq]

Tik Tok in China is called Douyin. Super popular!

It's not the same thing, because the code is different with different safety controls. The tiktok outside China is built on exploiting teenagers' and young adults' data. But it is also true that the Chinese Communist Party (CCP) also monitors its own citizens by using software, just as it monitors people outside China using tiktok. After all the data hacks by CCP sponsored hackers, I don't trust tiktok at all.

Yes, TikTok Has A Serious China Problem—Here’s Why You Should Be Concerned

China's TikTok has been hit by a perfect storm this week—the platform has been under fire before, but not like this, this time it's different.

www.forbes.com

Yes, TikTok Has A Serious China Problem—Here’s Why You Should Be Concerned

There was an irony to the news on June 7 that TikTok was exiting Hong Kong. Its name joined those of Facebook, Google and Twitter, and then Microsoft and Zoom, as major U.S. platforms announced a rethink of their operations in the territory as its new national security law came into force. It was as if they were all the same—but the truth was very different. TikTok’s decision had nothing to do with the security concerns cited by others and everything to do with its Chinese ownership. In that moment, the carefully constructed shield around TikTok had fractured.

It doesn’t actually matter whether the Chinese Communist Party influences TikTok owner ByteDance, as the U.S. alleges, or not. China, in this instance, is China. The U.S. government has been waiting for an opportunity to act. That opportunity has presented itself in the last week. There’s a U.S. election coming up, set against the backdrop of a worsening stand-off between Washington and Beijing. The U.S. cannot afford to let this opportunity pass by unused—and it won’t.

Just like Huawei, TikTok managed to escape its Chinese confinement to go head to head with western tech giants. Arguably, TikTok presents a greater threat than Huawei. Arguably, it has given China the means to pump content directly onto the phones of hundreds of millions of citizens in America and Europe. TikTok has been under fire before—but not like this. It has suddenly been hit by the perfect storm of four separate security stories inside a week.

First came the news that a beta release of Apple’s iOS 14 had caught TikTok secretly accessing users’ clipboards. TikTok was not alone—a raft of other apps were caught doing the same, and like those others, TikTok issued an explanation and an update. But it was TikTok that generated the headlines, partly because it had been caught before doing the same and had promised to stop, but mostly because seeming to snoop on millions of phones in the west is different if you’re Chinese.

Then came the announcement from the Indian government that TikTok would be banned on national security grounds. Again TikTok was not alone—there were 58 other Chinese apps subject to the same sanctions. But, again, TikTok made the headlines. India is the platforms’s largest market, where hundreds of millions of users have installed the app and share its videos. According to reports, sources at the company suggested the ban might cost TikTok as much as $6 billion.

The triggers for India’s ban on TikTok were military and political tensions between itself and China. And, sure enough, shortly after its ban was announced, reports from Australia suggested its government was coming under pressure to do the same. Australia has its own geopolitical tensions with China, and recent cyber attacks on the country’s government have been informally attributed to Beijing.

The third whammy for TikTok, though, came when Secretary of State Mike Pompeo confirmed in a Fox News interview that the U.S. was “certainly looking at” banning the platform. Suddenly the relatively contained action in India looked as if it might spiral out of control and undo much of TikTok’s success in recent years. The U.S. news was pure politics, with TikTok joining Huawei as a totemic target of the technology standoff between China and the U.S. Yes, there are security concerns behind the scenes, but commercial, economic and political concerns trump those.

And so to Hong Kong, the final hit to the platform in recent days. To understand why this is so critical, one has to look at the way in which TikTok essentially wears two faces—one in China where it operates as the highly restricted and censored Douyin, and one elsewhere where it operates as the ostensibly liberal TikTok. By separating itself in this way, the platform can assure non-Chinese users that the Chinese authorities cannot access their data, that the data isn’t even stored in China, that there should be no concerns about outside interference.

Until the end of June, Hong Kong with its special status inside China operated as a non-Chinese TikTok market. But then as the long reach of Beijing’s security apparatus stretched to cover the territory for the first time, Hong Kong shifted from one side of that TikTok line to the other. And while owner ByteDance says it has no plans to offer Douyin to TikTok’s relatively small Hong Kong user base, it certainly can’t offer TikTok while claiming the usual TikTok shield around those users.

There are several factors in play here. Under Hong Kong’s new national security laws, China could compel TikTok to share information and its users might be prosecuted for dissent for content shared on the platform. That leads to the risk that information on the platform might be subject to monitoring and restrictions and censorship to comply with new laws, and that’s a PR nightmare. More critically, while Facebook and Google can refuse to co-operate with the Hong Kong authorities citing security concerns, ByteDance cannot. It is a Chinese-based entity.

And so while TikTok’s news coverage saw the platform blend in with all its high-profile western competitors, it was very different. The careful construct it had built and defended, that it was the same and should be treated and trusted the same, was suddenly called into question. That coincidental combination of Hong Kong’s security law coming into force at the same time as India’s ban and even Apple’s iOS 14 beta release, with U.S. political opportunism to follow, was simply too much.

As TikTok with its U.S. CEO looks to manage the fallout from this hugely challenging set of toppling dominoes, two issues stand out. First, the U.S. If you want to better understand the damage the administration can do when it sets its sights on the success of a Chinese tech giant, just ask Huawei. Pompeo has been the campaigner-in-chief against Huawei, and it was no coincidence that it was he who broke the news that TikTok might find itself in similar territory.

In the wake of Pompeo’s interview, a TikTok spokesperson told me “TikTok is led by an American CEO, with hundreds of employees and key leaders across safety, security, product, and public policy here in the U.S. We have no higher priority than promoting a safe and secure app experience for our users. We have never provided user data to the Chinese government, nor would we do so if asked.”

The most immediate threat to TikTok is not political, though, it’s commercial. We have seen various Indian platforms jump up to fill the void left in the country, and arch-opportunist Facebook is now pumping Reels, knowing that its chance to take back ground lost to TikTok will never be greater than it is now. So, can Facebook change the market dynamics and start to unpick what had seemed to be TikTok’s unstoppable success, replicating its viral appeal? Just ask Snapchat.

In reality, TikTok is not the electronic spyware machine some suggest—that’s no more credible than suggesting Huawei smartphone users risk the same. There are no genuine national security concerns that TikTok is vacuuming up petabytes of user data for analysis in Beijing. The real issue is all those impressionable young users who have become addicted to the platform—and that’s harder to stop.

In a world where social media has become such a prominent disseminator of news, especially to the young, a platform based in an adversarial state with an install base in the hundreds of millions across major western democracies is a threat. The ability on any level to manipulate all those feeds is significant. Facebook is based in the U.S., and just look at the power it wields. TikTok is on a similar path.

And so to the latest domino to fall: FBI Director Christopher Wray lambasting China as the greatest threat to the security and prosperity of the United States. In a world where that is true, the unstoppable rise of TikTok was always set to be challenged. What has happened this last week is that TikTok has inadvertently opened itself up to the beginning of that process. The U.S. government knows that if this opportunity is missed, it may be much harder later. China is now a serious problem for lockdown’s most iconic success story—and there’s no obvious fix.

 

[rockdog]

At the beginning of 2021, imports and exports to Central and Eastern Europe increased significantly (almost 50%)

2021年年初我国对中东欧进出口大幅增长

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In the first two months, imports and exports to Central and Eastern Europe amounted to 129.59 billion yuan, an increase of 42.8% year-on-year (the same below), which was 10.6 percentage points higher than the overall national growth rate. Among them, exports were 95.77 billion yuan, an increase of 48.4%; imports were 33.82 billion yuan, an increase of 29.2%; the total value of imports and exports, exports and imports all hit new highs over the same period in the past year.

 

[johnq]

LOL, American companies investing in China are so dumb. Chinese Communist Party (CCP) uses American companies like Tesla, steals their technology and intellectual property (IP) which the CCP then transfers to their own companies (like Nio) , and then dumps them.

Tesla may be much worse off in China than anyone thought

Tesla's Chinese sales last month were much weaker than they originally appeared.

www.cnn.com

Tesla may be much worse off in China than anyone thought

Tesla's Chinese sales last month were much weaker than they originally appeared.
Although Tesla does not report monthly sales or regional revenue, the China Passenger Car Association earlier this week estimated Tesla's Chinese sales were down 27% from March to just under 26,000 cars — much worse than the overall 10% decline in China's electric vehicle sales overall.

But that's not the full story: The trade group later clarified that its April figure includes sales of vehicles built in China but exported to other markets. More than half of the Teslas initially reported as Chinese sales — 14,174 — were exported.
That's potentially a serious problem for Tesla, which opened its second auto assembly plant in Shanghai in late 2019 specifically to serve the crucial Chinese market. China is the world's largest market for overall car sales, and electric vehicles make up a much bigger share of auto sales than in any other major market — about 4.5% in 2020, more than twice the EV share of the US car market last year.

Tesla's sales to Chinese buyers plunged by more than 60% between March and April, according to independent Chinese EV analyst Zhu Yulong. Newly insured Tesla vehicles fell to just under 12,000 vehicles in April from about 34,500 in March, Yulong reported. Those numbers correspond closely to the CPCA's non-export number in April, and total number in March.

Why Tesla sales are plummeting in China

Yulong believes that the drop in sales is due to bad publicity that Tesla has suffered in the Chinese market since the start of April.Customers protested the company at China's largest auto show in Shanghai last month, complaining about problems with their cars. The company also has five Chinese regulatory agencies investigating the quality of its Shanghai-made Model 3 cars. Chinese media also reported that China's military had banned Tesla vehicles from entering its complexes, expressing concerns that onboard cameras could be used for spying — a charge Tesla CEO Elon Musk has denied."Tesla has suffered really strong negative coverage recently. It has damaged its sales," Yulong wrote in a recent analysis.Tesla critics in the United States were quick to point out that the weaker sales numbers represent a sign of trouble for the automaker's bottom line."Keep in mind that the negative state-affiliated media campaign inside China around Tesla's car quality didn't begin until late April," noted Gordon Johnson of GLJ Research, one of the harshest critics of Tesla. "So the impact (whatever that may be) likely won't be seen until May/June 2021 sales figures are out."

Tumbling shares

Tesla (TSLA) shares have been falling this week on worries about its Chinese sales, and on a report from Reuters earlier that Tesla has decided not to buy land next to its Shanghai plant for possible future expansion.
Major Tesla investor dumps a big chunk of shares
Shares fell 2% on Tuesday when the initial figures from CPCA suggested a 27% drop in Chinese sales, were down another 4% Wednesday and closed down 3% Thursday.
A spectacular 743% share price gain in 2020 made Tesla one of the most valuable US companies of any kind and by far the world's most valuable automaker, worth as much as the six largest automakers combined.
But after continuing that run in the first few weeks of 2021, shares topped out in late January after the company reported slightly disappointing fourth quarter earnings. Tesla shares have lost a third of their value through Wednesday's close from their record high close in late January, sending the stock into bear market territory.

 

[johnq]

Chinese Communist Party spokesperson Hua Chunying tweeted the following message mocking the FBI's efforts in tracking Chinese students' espionage activities:

Republican congressmen proposed to set up 56 #FBI posts to supervise #Chinese students in American universities. Perhaps they should set up 300,000 FBI posts or at least 150,000 because there are more than 300,000 Chinese students in the US.

Most Chinese students and workers from mainland China in the US are Chinese Communist Party (CCP) spies sent to the US to steal intellectual property (IP) from American universities and companies. It shows how dumb the US government and American universities are in allowing these CCP spies into the US in the first place. The CCP has set up Confucius institutes in most major universities that are part of the CCP spy network which is used to keep Chinese students in line for fulfilling their spying duties. The Chinese students have to do the CCP's bidding in stealing IP from American universities, otherwise their families back home would be in danger.
No wonder Hua Chunying is so proud of the fact that there are over 300000 students (CCP spies) in the US, and laughing at the FBI for not having the resources to do anything about them. CCP is mocking the US about CCP's blatant IP theft from American universities and companies, and US' inability to do anything about it due to CCP's leverage over key American government, university, and corporate officials. And the US government and systems have been so thoroughly infilitrated by the CCP that the US government cannot/will not do anything about the CCP spies even as CCP mocks them publicly. If the US government had any brains at all, they would've stopped all people from mainland China from entering the US in the first place.

 

[Kumata]

Y, All nibba's

As i always believed, Chinese growth is fed by huge debt and financing of it's state owned companies by CCP ...

China's debt problem

A look at China's debt as a percentage of GDP since 2006.

fingfx.thomsonreuters.com

China’s debt is more than 250 percent of GDP, higher than the United States. It remains lower than Japan, the world’s most indebted leading economy, but some experts say the concern is that China’s debt has surged at the sort of pace that usually leads to a financial bust and economic slump.

 

[Kumata]

and latest Stats

Chinese debt-to-GDP ratio approaches 300 %

www.bofit.fi

The People’s Bank of China reports that the combined domestic debt of corporations, households and the public sector increased last year to a level equivalent to 280 % of GDP (285 trillion yuan or 36 trillion euros), up from 255 % of GDP in 2019. When China’s foreign debt (which the PBoC estimates to be 14.5 % of GDP at the end of June) is included, total debt rises to about 295 % of GDP.

will be interesting to see till how far CCP can keep the wheel running with ever mounting debt...

 

[johnq]

Chinese Communist Party spokesperson Hua Chunying tweeted the following message mocking the FBI's efforts in tracking Chinese students' espionage activities:

Republican congressmen proposed to set up 56 #FBI posts to supervise #Chinese students in American universities. Perhaps they should set up 300,000 FBI posts or at least 150,000 because there are more than 300,000 Chinese students in the US.

Most Chinese students and workers from mainland China in the US are Chinese Communist Party (CCP) spies sent to the US to steal intellectual property (IP) from American universities and companies. It shows how dumb the US government and American universities are in allowing these CCP spies into the US in the first place. The CCP has set up Confucius institutes in most major universities that are part of the CCP spy network which is used to keep Chinese students in line for fulfilling their spying duties. The Chinese students have to do the CCP's bidding in stealing IP from American universities, otherwise their families back home would be in danger.
No wonder Hua Chunying is so proud of the fact that there are over 300000 students (CCP spies) in the US, and laughing at the FBI for not having the resources to do anything about them. CCP is mocking the US about CCP's blatant IP theft from American universities and companies, and US' inability to do anything about it due to CCP's leverage over key American government, university, and corporate officials. And the US government and systems have been so thoroughly infilitrated by the CCP that the US government cannot/will not do anything about the CCP spies even as CCP mocks them publicly. If the US government had any brains at all, they would've stopped all people from mainland China from entering the US in the first place.

Here is a perfect example of a Chinese student spying for the CCP. I am posting a link to my post in the other thread:

The Rise of China : Strategic Implications.

YouTube Helps Cover Up China’s Atrocities YouTube and Google is helping hide the crimes of the Chinese Communist Party. Over the years, we've been hit hard with demonetization, age restriction, or even had videos removed. And I've noticed a pattern to what gets flagged—any footage from China...

defenceforumindia.com

Most Chinese citizens in other countries are working as spies and agents for the Chinese Communist Party and should not be trusted. They are there to infiltrate organizations, gain leverage over individuals on behalf of the CCP, or to steal intellectual property.

 

[SexyChineseLady]

Y, All nibba's

As i always believed, Chinese growth is fed by huge debt and financing of it's state owned companies by CCP ...

China's debt problem

A look at China's debt as a percentage of GDP since 2006.

fingfx.thomsonreuters.com

View attachment 90307
View attachment 90306

Lol. China debt is lower than Japan's and Japan's debt had been like this for decades.

BTW, you know that only advanced countries can do this right? Third world countries can't finance development with debt even if they tried because their IOUs cannot get them material from the markets. This is why they are under-develop.

Infrastructure, like high speed rail, super highways and airports can only be financed by debt. If you need to pay immediately with cash, you can never build things that would take decades to recoup cost (but help the economy boom.)

Thank you for worrying about China's debt but you should be more worry about your country's inability to get financing for infrastructure. Infrastructure is the biggest difference between places like China/Japan and like India/Bangladesh.