Chinese Economics Thread

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Tam

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Boeing cannot afford to lose the Chinese market.

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Boeing values China’s aircraft business at almost $3 trillion over the next two decades
  • China is widely tipped to become the world’s largest aviation market.
  • Boeing has upped its market forecast for the country to suggest almost 8,100 new planes are needed by 2038.
  • Boeing’s drive to work with Chinese companies has been slowed by the grounding of the 737 Max.
Excerpt:

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has claimed that growing Chinese demand for planes will generate almost $3 trillion worth of industry business over the next two decades.

In its latest market outlook, the U.S. plane maker
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China will soon become the world’s largest aviation market and will need 8,090 new planes by 2038. Boeing believes within a decade that one-in-five airline passengers will be Chinese.


The figure would equate to $1.3 trillion in current list prices. Boeing said associated services to maintain fleets would be even larger at $1.6 trillion, meaning almost $3 trillion worth of business could be up for grabs.

Boeing has said passenger traffic within China is tipped to grow at more than 6% a year until 2038 and China’s middle class is expected to double in size within a decade.

While domestic flights are predicted to provide the lion’s share of growth, outward bound international travel will also increase.
 
A

antiterror13

Brigadier
Tam said:
Boeing cannot afford to lose the Chinese market.

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Boeing values China’s aircraft business at almost $3 trillion over the next two decades
  • China is widely tipped to become the world’s largest aviation market.
  • Boeing has upped its market forecast for the country to suggest almost 8,100 new planes are needed by 2038.
  • Boeing’s drive to work with Chinese companies has been slowed by the grounding of the 737 Max.
Excerpt:

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has claimed that growing Chinese demand for planes will generate almost $3 trillion worth of industry business over the next two decades.

In its latest market outlook, the U.S. plane maker
Please, Log in or Register to view URLs content!
China will soon become the world’s largest aviation market and will need 8,090 new planes by 2038. Boeing believes within a decade that one-in-five airline passengers will be Chinese.


The figure would equate to $1.3 trillion in current list prices. Boeing said associated services to maintain fleets would be even larger at $1.6 trillion, meaning almost $3 trillion worth of business could be up for grabs.

Boeing has said passenger traffic within China is tipped to grow at more than 6% a year until 2038 and China’s middle class is expected to double in size within a decade.

While domestic flights are predicted to provide the lion’s share of growth, outward bound international travel will also increase.
Click to expand...

Does it mean Boeing wouldn't dare to upset China ? i.e by selling weapons to Taiwan?
 
AssassinsMace

AssassinsMace

Lieutenant General
That's why Obama wanted to file a WTO complaint against China because he wanted to kill China's domestic airline industry before any aircraft was even produced. When it was first announced you'd see comments that Westerners would never fly in one. It didn't matter if no one else bought it. You just need China to buy it and Boeing and Airbus would suffer.
 
T

Tam

Brigadier
Registered Member
antiterror13 said:
Does it mean Boeing wouldn't dare to upset China ? i.e by selling weapons to Taiwan?
Click to expand...

So far Boeing appears to be in a safe bubble from the trade war, but who knows how long this bubble will last. Boeing is one US company that won't dare upset China, and I don't think the package being sold to Taiwan has anything to do with Boeing. Boeing makes F-18s and F-15s, the purchase calls for F-16s. If there are any subsystems there that might be Boeing's, they, as well as other US companies, may choose to withdraw, although those vacancies can be filled by other defense companies that don't have any stakes in China.

For Boeing to be the Number One in civilian airlines in this world is very, very important for them, because of the prestige this position brings. There is more than money at stake here, its plain pride and prestige. Boeing cannot afford to lose that prestige --- its at the over my dead body primary level of importance --- and cannot afford China shifting more orders to Airbus over Boeing, which can put Airbus on top of Boeing in overall global unit and revenue sales.
 
Jura The idiot

Jura The idiot

General
now I read
Huawei Mate 30 beats iPhone 11 in innovation, quality: customers
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Sales of Apple's new iPhone 11 in China began on Friday, but were met with a much cooler reception from consumers than in previous years. Many compared it with Huawei's newly launched Mate 30, saying the Chinese firm's device beats the new iPhone in terms of innovation and quality.

Huawei's new devices have also won overseas consumers' hearts. Many praised the Mate 30 for far longer battery life and better design.

Unlike in previous years, no long lines were seen outside Chinese shops on Friday for the new iPhone, and the product release only made headlines in a few media outlets.

Huawei unveiled its Mate 30 smartphone series on Thursday night. At a launch in Munich, Germany, the Chinese firm said its new Mate 30 Pro and Mate 30 devices were more compact, their cameras more sensitive, and wraparound screens more vivid than those of the latest iPhone.

The Huawei Mate 30 and Mate 30 Pro are priced at €799 ($883) and €1,099, respectively, and will be officially launched in Shanghai next week.

In sharp contrast with iPhone 11's lukewarm sales, Chinese netizens have engaged in lively discussions on Mate 30 and Mate 30 Pro since late Thursday.

Several online polls on the Mate 30 and iPhone 11 on China's Twitter-like Weibo on Friday showed that more than 60 percent of netizens voted for the Mate 30, while less than 20 percent chose the iPhone 11.

Many voted for Huawei not out of patriotism but for its technology.

One customer from Shanghai surnamed Zhao, an IT specialist who pre-ordered a Mate 30 Pro on Chinese e-commerce platform JD.com on Friday, told the Global Times that he did not hesitate between the two phones.

"It's obvious that Huawei's new phone with its advanced 5G mode would lead the future global telecommunications market, and its new innovative features in gesture and side control attracted my attention, aside from its strong video recording features and cameras," Zhao said.

The iPhone 11 was being sold at a discount on Friday on several Chinese e-commerce platforms. On Pinduoduo, the iPhone 11 was sold for as low as 4,999 yuan - a 500 yuan discount.

Prior to Huawei's launch of new phones, a survey of Chinese consumer attitudes showed that Apple had dropped from No.11 a year ago to No.24, while Apple's biggest competitor Huawei has climbed two spots to second, behind Chinese payment service Alipay, Bloomberg reported on Thursday.

Overseas consumers also engaged in vigorous discussions on Huawei's new flagship devices on technology sites and social media platforms.

On Twitter, many netizens said "nice," "best phone ever" and "my favorite one" on Huawei's Twitter account.

"The Mate 30 Pro killed everyone, including the iPhone 11 Pro Max," one Twitter user said.

Some even made charts of the iPhone 11 and Mate 30, and concluded that the Mate 30 was better.

On US-based technology site theverge.com, a netizen said Americans should know that there is a big world outside the US and Apple, where Huawei products sell better.

Some netizens in countries like the UK, the Netherlands and Argentina asked when Huawei's new devices would be released in their countries.
Click to expand...
 
T

Tam

Brigadier
Registered Member
Something for the coming 70th anniversary.



But there is one thing that struck me --- that China's electrical power consumption, despite greater efficiency and power conservation measures --- is up by 8.4%. That's a strong sign of economic growth, as electricity powers engines of economic activity, such as factories, plants, shops, homes, restaurants, malls, public infrastructure, servers, and offices.
 
Jura The idiot

Jura The idiot

General
As Huawei’s Meng Wanzhou returns to court, her lawyers say Canadian border agents abused their powers and worked with FBI to gather information
  • The Vancouver hearing, expected to last eight days, is focusing on details of Meng’s arrest at Vancouver’s airport on December 1
  • Meng, flanked by two private bodyguards, greeted members of the public gallery queued up outside the court
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follow the link if interested
 
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