SexyChineseLady
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China has better wages than the rest of Asia since 2010! The end of "Cheap Chinese Labor" already happen more than a decade ago
China Economy: News & Discussion
- Thread starter Rage
- Start date
srevster
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National highway construction in February at 42 km/day, highest in FY23
National highway development near FY22 levels, but likely to miss target
Subscribe to read | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
KurtisBrian
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look another one has moved to China.
That guy is so unique and special to the Chinese that he makes the People's Daily. Maybe they think he is Buliwyf from the 13th Warrior. Protect us from the Wendol.
An American finds his sense of home in southwest China’s Yunnan - People's Daily Online
Judging solely by his appearance, one can easily distinguish American Brian Linden as an
en.people.cn
That guy is so unique and special to the Chinese that he makes the People's Daily. Maybe they think he is Buliwyf from the 13th Warrior. Protect us from the Wendol.
SexyChineseLady
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The trade Yuan had already protected Turkey from the implosion of their local currency through loss of US dollar assets between 2019-2021. It will make others look for this protection.
asiatimes.com
NEW YORK – The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support.
But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, is coming to an end. The pain will be transferred from the banks to the real economy, which will starve for credit.
And the geopolitical consequences will be enormous. The seize-up of dollar credit will accelerate the shift to a multipolar reserve system, with advantage to China’s RMB as a competitor to the dollar.
...
The dollar reserve system will go out not with a bang, but a whimper. The central banks will step in to prevent any dramatic failures. But bank balance sheets will shrink, credit to the real economy will diminish and international lending in particular will evaporate.
At the margin, local currency financing will replace dollar credit. We have already seen this happen in Turkey, whose currency imploded during 2019-2021 as the country lost access to dollar and euro financing.
To an important extent, Chinese trade financing replaced the dollar, and supported Turkey’s remarkable economic turnaround of the past year. Southeast Asia will rely more on its own currencies and the RMB.
US bank trouble heralds end of dollar reserve system - Asia Times
NEW YORK - The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed...
asiatimes.com
NEW YORK – The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support.
But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, is coming to an end. The pain will be transferred from the banks to the real economy, which will starve for credit.
And the geopolitical consequences will be enormous. The seize-up of dollar credit will accelerate the shift to a multipolar reserve system, with advantage to China’s RMB as a competitor to the dollar.
...
The dollar reserve system will go out not with a bang, but a whimper. The central banks will step in to prevent any dramatic failures. But bank balance sheets will shrink, credit to the real economy will diminish and international lending in particular will evaporate.
At the margin, local currency financing will replace dollar credit. We have already seen this happen in Turkey, whose currency imploded during 2019-2021 as the country lost access to dollar and euro financing.
To an important extent, Chinese trade financing replaced the dollar, and supported Turkey’s remarkable economic turnaround of the past year. Southeast Asia will rely more on its own currencies and the RMB.
SexyChineseLady
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This was 10 years ago:
In those 10 years, China's exports grew from $2.2T to over $3.5T. A growth of over 62% when Chinese labor grew expensive
While exports as a percentage of GDP has gone down from 25% to under 20%.
Rising wages means a much bigger internal economy but exports are still growing to provide an extra lever of growth.
In those 10 years, China's exports grew from $2.2T to over $3.5T. A growth of over 62% when Chinese labor grew expensive
While exports as a percentage of GDP has gone down from 25% to under 20%.
Rising wages means a much bigger internal economy but exports are still growing to provide an extra lever of growth.
Blademaster
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Please keep posting. I like your posts.
srevster
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China Loses Ground in Nepal
The recent political shake-up in the government has cost Beijing the upper hand in the contest for geopolitical influence.
thediplomat.com
srevster
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China's aging population threatens a Japan-style lost decade
Beijing's brutal one-child policy tackled overpopulation but did it go too far?
asia.nikkei.com
srevster
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China to raise retirement age to deal with aging population - media
China is planning to raise its retirement age gradually and in phases to cope with the country's rapidly aging population, the state-backed Global Times said on Tuesday, citing a senior expert from China's Ministry of Human Resources.
srevster
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East Asia grapples with an aging society – DW – 03/13/2023
The elderly population in East Asia is swelling as the birth rate continues to decline. The region now has the world's lowest fertility rate, raising fears of social and economic woes, especially for its youth.
amp.dw.com
srevster
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What does a world with billions of old people look like? Asian countries are searching for answers
360 description topper for all 360s What are 360s? Grid’s answer to stories that deserve a fuller view. Global Aging 360 OVERVIEW Apartments in Singapore’s Queenstown district will soon offer slip-resistant floors and doorways wide enough to accommodate wheelchairs. In Japan, a recently built...
www.grid.news
Subscribe to read | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
rockdog
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Why Chinese Apps Are the Favorites of Young Americans
It isn’t just the algorithms, but lessons from a competitive culture
www.wsj.com
Washington's concerns about TikTok have raised new concerns about how Chinese apps are intertwined with the lives of young Americans and what makes them so popular. In March, four of the five most popular apps in the United States were "Made in China.". Algorithms are often considered their secret weapon, but one aspect that has been overlooked is that fierce competition for domestic users gives Chinese companies an advantage over Western rivals.
Like China's rise decades ago as a dominant manufacturing power, Chinese technology companies are constantly refining product functionality using an affordable pool of talent. There is even a special term in China's technology industry to describe this never-ending trend of improvement: embroidery
In the first three weeks of March, when Temu (Pinduoduoduo Overseas Edition) became the most downloaded app among app stores in the United States, it was followed by TikTok's video editing partners CapCut (Pinduoduoduo Overseas Edition) and TikTok itself. Fast fashion retailer Shein ranked fourth, followed by Facebook, the only non Chinese app in the top 5.
An example highlights how American consumers are immersed in the app ecosystem created by Chinese companies: Under the label of # temu Good Things Sharing, Generation Z customers showcase their crazy shopping gains in TikTok videos, and add titles such as "various $50 items that are ubiquitous on Temu" to the video
These apps come from companies founded by a younger generation of Chinese technology entrepreneurs. As the domestic market saturates, they are seeking global growth and are supported by China's vast technology talent pool. Investors, engineers, and analysts say the organizational efficiency of Chinese internet companies has been ignored by American competitors. Chinese companies have invested heavily in promoting their own apps in the United States. They use hundreds of millions of Internet users in China to test user preferences, optimize artificial intelligence models, and then export technology overseas.
A former senior engineer of TikTok's parent company, ByteDance, said, "They are really doing a great job in the market that needs to constantly update products to meet user needs.
Multiple teams with ByteDance develop the same but slightly changed products or functions. Pinduoduoduo said its research and development investment in 2022 increased by 15% year-on-year, mostly to attract talents. When Chinese companies see opportunities, they are far more willing to buy traffic earlier and on a larger scale than their American counterparts. Currently, wired earphones or dog cords on Temu sell for less than $2, attracting Americans who are tired of inflation.
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I think it's pretty like Japan's video games dominated USA during 1980s'. But this time it influences more industries in US.
It isn’t just the algorithms, but lessons from a competitive culture
Why Chinese Apps Are the Favorites of Young Americans
It isn’t just the algorithms, but a competitive, user-oriented culture boosting apps such as TikTok, Shein and Temu.
www.wsj.com
Washington's concerns about TikTok have raised new concerns about how Chinese apps are intertwined with the lives of young Americans and what makes them so popular. In March, four of the five most popular apps in the United States were "Made in China.". Algorithms are often considered their secret weapon, but one aspect that has been overlooked is that fierce competition for domestic users gives Chinese companies an advantage over Western rivals.
Like China's rise decades ago as a dominant manufacturing power, Chinese technology companies are constantly refining product functionality using an affordable pool of talent. There is even a special term in China's technology industry to describe this never-ending trend of improvement: embroidery
In the first three weeks of March, when Temu (Pinduoduoduo Overseas Edition) became the most downloaded app among app stores in the United States, it was followed by TikTok's video editing partners CapCut (Pinduoduoduo Overseas Edition) and TikTok itself. Fast fashion retailer Shein ranked fourth, followed by Facebook, the only non Chinese app in the top 5.
An example highlights how American consumers are immersed in the app ecosystem created by Chinese companies: Under the label of # temu Good Things Sharing, Generation Z customers showcase their crazy shopping gains in TikTok videos, and add titles such as "various $50 items that are ubiquitous on Temu" to the video
These apps come from companies founded by a younger generation of Chinese technology entrepreneurs. As the domestic market saturates, they are seeking global growth and are supported by China's vast technology talent pool. Investors, engineers, and analysts say the organizational efficiency of Chinese internet companies has been ignored by American competitors. Chinese companies have invested heavily in promoting their own apps in the United States. They use hundreds of millions of Internet users in China to test user preferences, optimize artificial intelligence models, and then export technology overseas.
A former senior engineer of TikTok's parent company, ByteDance, said, "They are really doing a great job in the market that needs to constantly update products to meet user needs.
Multiple teams with ByteDance develop the same but slightly changed products or functions. Pinduoduoduo said its research and development investment in 2022 increased by 15% year-on-year, mostly to attract talents. When Chinese companies see opportunities, they are far more willing to buy traffic earlier and on a larger scale than their American counterparts. Currently, wired earphones or dog cords on Temu sell for less than $2, attracting Americans who are tired of inflation.
------------------------------------
I think it's pretty like Japan's video games dominated USA during 1980s'. But this time it influences more industries in US.
