Chinese Economics Thread

[styx]

huawei google ban is a flop of catastrophic proportions for usa. Using playstore and google apps is banal on the mate 30 pro. I use an italian video because i don't trust what americans says regarding huawei.

 

[solarz]

huawei google ban is a flop of catastrophic proportions for usa. Using playstore and google apps is banal on the mate 30 pro. I use an italian video because i don't trust what americans says regarding huawei.

Can you explain how they are using the playstore and google apps on the mate 30 pro?

 

[lgnxz]

Can you explain how they are using the playstore and google apps on the mate 30 pro?

They're using an app made from china called google service assistant to help sideload the services. This one is in english.

 

[Just4Fun]

I touched the topic of negative interest rates in my post on "American Economics Thread" a few days ago, and asked if you, the readers of SD, could predict which countries are likely to have negative rates and which countries are unlikely to have negative rates down the road five or ten years later. Now, as hinted by Yi Gang, the governor of China's central bank, you can confidently put China into the camp of unlikely-negative-rates countries and, as suggested by Alan Greenspan, a former chief of US central bank, put the US into the camp of likely-negative-rates countries.

Don't underestimate the impacts of negative rates. They will re-shape current world economic system. International money looking for higher returns will leave negative rates countries for China and other positive rates countries.

"Trade wars are good and trade wars are easy to win"? Well, Donald, I think the money talks otherwise.



China central bank governor says in no rush to take big policy easing steps
reuters.com/article/us-china-anniversary-economy/china-central-bank-governor-says-in-no-rush-to-take-big-policy-easing-steps-idUSKBN1W90BO

BEIJING (Reuters) - China central bank governor Yi Gang said on Tuesday that authorities are in no rush to take big policy easing steps to cope with downward pressure on the economy.

There is still relatively big policy room but it should be “treasured”, said Yi, adding that some people worry that major economies may exhaust monetary policy tools amid talk of negative interest rates.

 

[Jura The idiot]

now I read
Huawei vows to fix ‘loopholes’ in building ecosystem in 2-3 years: chairman
Source:Global Times Published: 2019/9/24 23:48:40

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Huawei vows to fix ‘loopholes’ in building ecosystem in 2-3 years

Huawei will spend two to three years to fix "loopholes," or dependence, in construction of its operation system and open ecosystem, the Chinese tech giant said Tuesday.

The "loopholes" in the information and communications technology sector have already been fixed, meaning supply to that sector is no problem, Huawei Chairman Liang Hua told a meeting attended by domestic and foreign media representatives amid the China-Germany-US Media Forum co-organized by the Global Times and the Robert Bosch Stiftung, or Robert Bosch Foundation, on Tuesday in Shenzhen, South China's Guangdong Province, where Huawei is headquartered.

Liang told them that so far the company was operating normally and "the US ban has no real impact on Huawei's operation."

US President Donald Trump said at the

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summit in June that US companies could sell their equipment to Huawei as long as transactions do not present a great national emergency problem. This was widely seen as a U-turn after the US government blacklisted Huawei in May for "national security" reasons.

However, the US government has not yet delivered on its promise.

Since the US ban, Huawei has been ramping up efforts to attract more developers in a bid to build its own systems, which will cost an investment of another $1.5 billion.

As a backup, Huawei launched Harmony OS in August after Google followed the US government's instruction in May to partially limit the Chinese company's access to Android.

"If the US government allows, Huawei still hopes that it can provide services for global consumers by using Android products," Liang said.

During the Huawei Connect 2019, a flagship annual event in Shanghai last week, Huawei Deputy Chairman Ken Hu Houkun reiterated that the company will seek to attract more developers in its future computing strategy, which will become the focus of its development path.

Liang also noted during the meeting that Huawei is serious about its proposal to "transfer" its 5G technology to US firms.

"If Huawei can serve the US market or global market, and a reasonable and fair competitor emerges, it will help prevent Huawei from being slack and then become more competitive," Liang said.

The Chinese government clarified at the beginning of this year that it did not require enterprises to install a "backdoor" or collect foreign information, said Liang, when asked about the issue.

"For the past years, we've never received such requirement. Even if we received one someday in the future, Huawei would never execute."

During the meeting, the Global Times Editor-in-Chief Hu Xijin inquired on Liang's view that the outside world did not believe the US ban had little impact on Huawei and also doubted the company was unaffected by the Chinese government.

"Foreign media at the site might not believe that faced with a US crackdown, Huawei is little impacted," Hu said. "They also don't believe that Huawei stands independent from the government."

Such distrust cannot be erased in an instant, Liang replied, and the issue needed more communication.

"I'm not an expert on Huawei while and I didn't know that much about it. I didn't find it mysterious. You know it's pretty clear what they do and what they wanna do," Nicholas Goldberg, an editorial page editor at the Los Angeles Times, told the Global Times.

Goldberg said he was trying to seek his own answers about Huawei against reports in the US that the company was "spying on the US."

Christian Haenel, senior vice president of Robert Bosch Stiftung, told the Global Times Tuesday that his first visit to Huawei headquarters impressed him.

"The scale of the headquarters, the expertise of Huawei's employees as well as the smart city exhibition hall have all left a deep impression for me," Haenel said.

"Today has marked a good beginning to build trust between China, Germany and the US. It is a very good opportunity to build an equal dialogue platform and to cultivate trust, the way of which should be maintained in the future,"he said.

 

[Gatekeeper]

Not sure where to put this now trade war thread is closed. And I supposed hauwei is a part of Chinese economy. I'll put it here.

It's just doesn't look right to treat someone like her as an ordinary criminal!

 

[localizer]

Lets hope they don't try her as an African American male.

 

[Equation]

Beijing Daxing Airport has finally opened! It is an architectural beauty!

China opens new Beijing airport ahead of party anniversary

In this image made from CCTV video taken Sept. 17, 2019, an aerial view is seen of the new Beijing Daxing International Airport. The Chinese capital, Beijing, has opened a second international airport with a terminal billed as the world’s biggest. (CCTV via AP)
BEIJING (AP) — President Xi Jinping on Wednesday inaugurated a second international airport for the Chinese capital with the world's biggest terminal ahead of celebrations of the Communist Party's 70th anniversary in power.

Beijing Daxing International Airport is designed to handle 72 million passengers a year. Located on the capital's south side, it was built in less than five years at a cost of 120 billion yuan ($17 billion).

The airline's first commercial flight, a China Southern Airlines plane bound for the southern province of Guangdong, took off Wednesday afternoon, state broadcaster CCTV reported. Six more flights took off later for Shanghai and other destinations.

The main Beijing airport, located in the city's northeast, is the world's second-busiest after Hartsfield-Jackson Atlanta International Airport and is nearing capacity.

Daxing, designed by the late Iraqi-British architect Zaha Hadid, includes a terminal billed as the world's biggest at 1 million square meters (11 million square feet).

Despite that, its builders say travelers will need to walk no more than 600 meters (2,000 feet) to reach any boarding gate.

The vast, star-shaped airport is about 45 kilometers (30 miles) south of downtown Beijing. It has four runways, with plans for as many as three more.

Carriers including British Airways and state-owned China Southern, the country's biggest airline by passengers, plan to move to Daxing from Beijing Capital International Airport.

The capital has a third airport, Nanyuan, for domestic flights, but the government says that will close once Daxing is in operation.

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[Jura The idiot]

now I skimmed over
China’s free-trade zone on border of Vietnam fights an uphill battle to woo investors amid trade war

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I wouldn't know if it's sensationalist or not

 

[Tam]

Huawei's new Mediapad M6 tablet. This one also had Google apps sideloaded.