China Economy: News & Discussion

[Azaad]

Forget the WTO,

It does not resolve the dispute between Japan and the United States over semiconductors

Then Japan should've sanctioned the US. Why didn't it ?

 

[ym888]

Then Japan should've sanctioned the US. Why didn't it ?

Because the Japanese know that the United States has atomic bombs

 

[ym888]

Singapore's RGE to Aquire, Privatize Chinese Tissue Giant Vinda
LI JUN
DATE: 2 HOURS AGO
/ SOURCE: YICAI

Singapore's RGE to Aquire, Privatize Chinese Tissue Giant Vinda
(Yicai) March 25 -- Vinda International Holdings said that Singapore's Royal Golden Eagle, owned by Indonesian billionaire Sukanto Tanoto, has bought an 83.5 percent stake in the major Chinese tissue maker and will later fully acquire and privatize it.
Isola Castle, a unit of RGE's Asia Pacific Resources International Limited, has purchased 1 billion shares of Vinda, the Jiangmen-based company said in a filing to the Hong Kong Stock Exchange on March 22. The buyer must pay HKD26.1 billion (USD3.4 billion) to buy all 1.2 billion shares.
RGE will continue to advance Vinda's privatization process and is replacing Sweden's Essity as its actual controller, the Chinese firm noted, adding that it will delist after getting fully acquired.
Vinda also noted that after the deal, founder Li Chaowang stepped down as chairman and was succeeded by APRIL's Hu Wei.
Isola Castle offered to buy a 52 percent stake in Vinda from Essity and a 21 percent stake from Li for HKD23.50 (USD3) a share, the Chinese firm announced last December.
Shares of Vinda [HKG: 3331] were unchanged at HKD23.45 apiece as of 11.45 a.m. today.
APRIL is a world-leading integrated forest, pulp, and paper manufacturer, operating a pulp paper plant in Riau Province on Indonesia's Sumatra island.
Vinda's net profit plunged 64 percent to HKD253 million (USD32.4 million) last year from a year earlier, with its income mainly coming from its tissue business, according to its latest financial report.
"During the year, while margin recovery is in progress, the group's gross profit and net profit were negatively impacted by inflationary pressures and intensified market competition compared to last year," Vinda said in the 2023 earnings report.
"Although raw material prices have decreased significantly, it still takes time to digest the inventory of raw materials purchased earlier, which to a certain extent had a negative impact on the profit margin," it added.
Editors: Liao Shumin, Martin Kadiev

 

[Azaad]

A Taiwanese vlogger makes a video on the exiled Tibetan community in Dharamshala , Himachal Pradesh , India .

 

[Azaad]

Because the Japanese know that the United States has atomic bombs

Chinese have the atomic bomb too. Didn't stop the US from sanctioning China . Why do you think this happened Chang ?

 

[MiG-29SMT]

Sorry, I don't know anything about world government

There is a limit the west will allow China, a limit in commerce and tech transfers, If you think we live in 1800s well we are not in 2024 we live in a time of coorporations and international banks, elites do not care for the nation state beyond as captive markets and consumers.

Consider well that Europe transfered tech for aircraft from A-320 to Eurocopters, the USA same in other areas.

The sactions you see now is an example of the limits China has, CCP is evil but the west is more evil but smarter than CCP that thinks they will cheat the west.

 

[ym888]

Chinese have the atomic bomb too. Didn't stop the US from sanctioning China . Why do you think this happened Chang ?

Because America has more atomic bombs，

So China wants to increase the number of nuclear weapons

 

[Azaad]

Because America has more atomic bombs，

So China wants to increase the number of nuclear weapons

Tell me you're a Gaokao fail without telling me you're a Gaokao fail.

 

[SexyChineseLady]

Yes they do. It's called greed. It's utterly foolish decision making. Otherwise how does one explain the US relocating most manufacturing to China, persuading the West to do so, ignoring all the nay sayers to the point where they couldn't ignore them anymore .

They then started sanctioning China. Right now it's the states policy of the US to contain the Chinese economy. How else do you explain the sanctions on the Chinese SMC industry or the fact that Chinese EVs are banned from the US as are your solar panels?

Till date in the recorded history of mankind there's not a single example of a powerful state or empire having created its own rival till we've the example of the US & its allies creating China.

Why didn't their "greed" worked for India?

Why just China? You had just as many people

And greed? Seriously, do you understand capitalism or are you a socialist? A social justice warrior who is concerned about non-tangible metrics that cannot be measured by money?

ALL great companies work on the basis of profits which is "greed", you silly Commie.

MNCs cannot become MNCs if they are not greedy and cannot manage risks

In the business world, all good things result in a lot of money and all bad things end up with little or no money. That is the way of the market.

If India were more "trustworthy" or more virtuous than China then it should have ended up with more investment and trade. We know that is untrue by a very large margin

On the US and China -- the US government needs to sanction China to keep American and other Western companies from setting up shop there. If China were untrustworthy, US companies would not need a ban. They would simply avoided China.

The truth is without sanctions, the US knew that the investments and trade with China would continue to grow so thet needed to ban and create propaganda to keep companies out of China

But China still gets investment despite the trade war. Tesla exports to EU from its Shanghai plant not from some place in India

 

[SexyChineseLady]

The future is in China!

 

[SexyChineseLady]

Tech will be as massive as RE in generating demand for China's economy!

 

[rockdog]

No country in the history of mankind has sustained growth with a declining working age population.

Another POV, new article.

India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says

India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says

India is unlikely to achieve the 8%-10% economic growth rates that China pulled off over the long term, Morgan Stanley’s chief Asia economist said, even though the investment bank remains optimistic about the South Asian nation’s prospects.

www.bloomberg.com

 

[omaebakabaka]

There are certain things India is NOT doing which tells me India is still not taking things seriously. Even in a democracy if all leaders are made accountable to their constituents and their success/failure measured, they will get shit done. People on India must be moved to vote on basis of their representative’s performance in policy areas related to jobs, infrastructure, education, health, urban development, transportation etc. This requires human development to be very high in India with an ability to understand what issues affect someone in the long run. This requires exposure and maturing of society. This is only happening to a minor extent in India. This has to go to a majority extent.

Its easier said than done when you have such an unconscious majority native population, Modiji inspite of all his perceived downsides such as not enforcing laws in WB or reacting strongly in Manipur or Punjab and so on did transform the majority of Hindu vote into a more consolidated block. I am hoping they have a strategy that will make this block not only expand into other states and kill the regional divisive parties like AAP, DMK, TRS, YSCP and so on but also reform the Judiciary and so on....majority of BJP CM's are pathetic and same with MP's, they just don't make any difference in their states or constituencies....this needs to change too.

HDI and other aspects are bs, one just needs to be aware of their background, true history and some common sense.....rest all is useless to make a living difference....basic education structure in India does not suit Indian traditions or mindset nor reflects our rich civilizational pride and capabilities. Instead it tried to get its motivation from English or French revolution or Mughals or Boston Tea party lol....

 

[omaebakabaka]

Another POV, new article.

India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says

India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says

India is unlikely to achieve the 8%-10% economic growth rates that China pulled off over the long term, Morgan Stanley’s chief Asia economist said, even though the investment bank remains optimistic about the South Asian nation’s prospects.

www.bloomberg.com

Growth isn't everything for India, 5 to 7% with some bursts is enough as we need more of transformation than absolute growth. Quick growth without transofrmation brings more inflation and other problems.

 

[srevster]

Another POV, new article.

India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says

India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says

India is unlikely to achieve the 8%-10% economic growth rates that China pulled off over the long term, Morgan Stanley’s chief Asia economist said, even though the investment bank remains optimistic about the South Asian nation’s prospects.

www.bloomberg.com

You do realize that India is growing 8% while the world is in recession right.

 

[rockdog]

You do realize that India is growing 8% while the world is in recession right.

Actually i don't quite care about it, 2008 financial crisis were far more serious than recent situation, and China managed well too.

There were 8% growth one or two times during last 2 decades in India. But each time it dropped quickly, the latest year was 2019.

There is an analysis from our India study group, it says the current India is somewhere like 2000 to 2004 of China. But at that time, when i finished my degree and started to work, experienced 8% to 12% growth lasted 10 yrs till 2012 i if remember correctly.

China took off from 2000 because Deng Xiaopimg made all key reforms for the whole society. I admire Modi is most and only capable leader after 1947, but except GST, he didn't make any revolutionary reform, maybe not his fault, but ur current system.

I think the other points were explained in this bloomberg/Morgan Stanley article.

India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says

India is unlikely to achieve the 8%-10% economic growth rates that China pulled off over the long term, Morgan Stanley’s chief Asia economist said, even though the investment bank remains optimistic about the South Asian nation’s prospects.

www.bloomberg.com

I have the Chinese version of subscription, if u r in USA, will be appreciate that u spend some coffee money to buy this article and post here.

 

[Azaad]

US banned new tech in SMC to China somewhere in 2018 & China's reciprocating by banning usage of Intel & AMD only now , nearly 6 yrs later . It was the same with Apple last year , where CCP banned usage of Apple by government employees party appartchik & PLA nearly 6 yrs after Xu Yanjun - the great CCP hero was sentenced to life imprisonment.

Say @rockdog , did the CCP honour Xu Yanjun the great CCP hero by at least naming the act banning usage of Apple by government employees after him . If not why not ? Btw - those Indian sailors accused of spying for Israel had their death sentences commuted to life imprisonment & what's more the life imprisonment itself was set aside & those sailors set free 2 months ago. Thought you must know since you were so concerned for their well being.

Will the CCP manage to convince the US to release Xu Yanjun - the great proletariat hero

Tech war intensifies: China blocks use of Intel and AMD chips in govt computers, says report

Government agencies above the township level have reportedly been told to include criteria requiring "safe and reliable" processors and operating systems when making purchases.

www.businesstoday.in

 

[rockdog]

US banned new tech in SMC to China somewhere in 2018 & China's reciprocating by banning usage of Intel & AMD only now , nearly 6 yrs later . It was the same with Apple last year , where CCP banned usage of Apple by government employees party appartchik & PLA nearly 6 yrs after Xu Yanjun - the great CCP hero was sentenced to life imprisonment.

Say @rockdog , did the CCP honour Xu Yanjun the great CCP hero by at least naming the act banning usage of Apple by government employees after him . If not why not ? Btw - those Indian sailors accused of spying for Israel had their death sentences commuted to life imprisonment & what's more the life imprisonment itself was set aside & those sailors set free 2 months ago. Thought you must know since you were so concerned for their well being.

Will the CCP manage to convince the US to release Xu Yanjun - the great proletariat hero

Tech war intensifies: China blocks use of Intel and AMD chips in govt computers, says report

Government agencies above the township level have reportedly been told to include criteria requiring "safe and reliable" processors and operating systems when making purchases.

www.businesstoday.in

It's technically workable.

 

[rockdog]

@SexyChineseLady


The man who sold Three Body IP & copyright to Netflix, are sentenced to death.

 

[Azaad]

It's technically workable.

Of course it is . Which is why CCP waited 6 years. While we may have a dim opinion about the CCP , they certainly aren't stupid . They're fools in a strategic sense but that's a different topic.

But what about the second point I raised about Xu Yanjun - the Hero of the Han. When is CCP getting him home . For perspective let me draw your attention to Jonathan Pollard & Israel's attempts to free him. Compared to those efforts your master the CCP seems to have written him off.