Chinese Economics Thread

[ansy1968]

boycott or no boycott, the bottom line is its affordable.

from cnTechPost

Chinese brands ship 80% of smartphones in India in Q2
2020-07-18 12:14:10 GMT+8 | cnTechPost

Please, Log in or Register to view URLs content!

0

In the second quarter of this year, Chinese smartphone brands had nearly 80% market share in India, according to a

Please, Log in or Register to view URLs content!

released on Friday by market research firm Canalys.
Three of the top four sellers were Chinese brands, with Xiaomi being No. 1, Vivo No. 2, and OPPO No. 4, the report showed.

Xiaomi has been the largest seller of smartphones in India since late 2018. According to Canalys, in the second quarter of this year, Xiaomi shipped 5.3 million smartphones in India, representing a 30.9 percent share of smartphone sales in India.
Vivo shipped 3.7 million units in India in the second quarter, accounting for 21.3 percent of the market share and putting it in second place.
South Korea's Samsung Electronics, once the dominant player in the Indian smartphone market, had a 16.8 percent market share in the second quarter and came in third in the sales chart.


However, Samsung has been expanding in the Indian market and in recent months the company has made another major investment in the country.
In the second quarter, fourth in the sales chart was OPPO.

Canalys says Apple has just 1 percent of the smartphone market share in India, and the company is the least affected by the Covid-19 outbreak among the top 10 smartphone makers in the country.
According to Canalys, Apple shipped 250,000 iPhone units in the second quarter of 2020, a year-on-year decline of 20%.


Overall, smartphone shipments in India fell 48 percent year on year in the second quarter due to the impact of the novel coronavirus outbreak, the largest single quarterly decline in the Indian smartphone market in a decade, the report said.

About 17.3 million smartphones were shipped in India in the second quarter of 2020, well below the 33 million units in Q2 2019 and 33.5 million in Q1 2020.

This decline is largely attributed to the current epidemic, with the number of new coronavirus infections reported in India to date has been more than 1 million cases.
In an effort to contain the spread of the virus, India ordered a nationwide lockdown at the end of March.

Even e-commerce giants such as Amazon and Flipkart have been banned from selling smartphones and other products classified as "non-essential".
In the first quarter, when India was still largely unaffected by the coronavirus epidemic, smartphone shipments in the country grew by 4%. Worldwide smartphone shipments declined by 13 percent during that period.



“It’s been a rocky road to recovery for the smartphone market in India,” said Madhumita Chaudhary, an analyst at Canalys.
While vendors witnessed a crest in sales as soon as markets opened, production facilities struggled with staffing shortages on top of new regulations around manufacturing, resulting in lower production output, Chaudhary said.

 

[Gatekeeper]

Talk about throwing everything but the kitchen sink at China. Here's today's Financial Times headline. It is not surprising that China find it tough to get it's message across with daily barrage of every thing that's "wrong" with China gets repeated every chance it gets.

"Germany faces a fateful choice on Huawei
Beijing’s China First policies demand a firm EU response"

"Americans and Europeans used to fight about whether there was a “smoking gun” indicating that Huawei’s equipment was being used for espionage. This is still not proven, but it is plausible. No Chinese company is exempt from pressure by the Chinese party-state.

Today, the national security case against Huawei is made by the shift in China’s behaviour: its hardening authoritarianism and persecution of minorities at home; its drive for regional hegemony; its aggressive pursuit of physical, economic and digital assets in Europe; and its crackdown on the autonomy of Hong Kong, in flagrant breach of international law."

Rest of the article if you can open it. But it really just saying China is bad.

Please, Log in or Register to view URLs content!

 

[Wangxi]

Please, Log in or Register to view URLs content!

Good, we should no longer depend on Taiwanese companies as long as the DPP is in power, Wistron, Foxconn, Pegatron, have too much manufacturing power within China

 

[localizer]

China always has the following nuclear options in response to US getting too uppity.

Ban Apple (Probably threatening to use this card right now)
Ban US car companies
Use all reserves and then US treasuries

 

[s002wjh]

China always has the following nuclear options in response to US getting too uppity.

Ban Apple (Probably threatening to use this card right now)
Ban US car companies
Use all reserves and then US treasuries

i doubt it, both apple and other US company provide alot jobs in china. and ill bet trump would be super happy if china accelerate the decoupling.

 

[localizer]

i doubt it, both apple and other US company provide alot jobs in china. and ill bet trump would be super happy if china accelerate the decoupling.

The whole trade war is retarded but that hasn’t stopped anyone from being retarded as well.

 

[ansy1968]

i doubt it, both apple and other US company provide alot jobs in china. and ill bet trump would be super happy if china accelerate the decoupling.

Hi s002wjh

That's it objective, Navarro is the one framing the policy, since most US corporation hate him and will not abandon the huge Chinese Market, It will be China disadvantage if they retaliate with a ban, they are China allies and also bring in needed technology like what Tesla had done with its factory.

 

[ansy1968]

Its all about winning the election, whoever win, things will go back to normal cause they need China for their economic salvation.

from beijingwalker (PAKISTAN DEFENSE FORUM)

‘US election shaping up as contest between which candidate hates China more’
July. 17 2020
Tokyo [Japan], July 18 (ANI): As relations between Washington and Beijing worsen over a range of issues, the upcoming US election is shaping up as a contest between which candidate hates China more, suggests William Pesek.

The relations between US and China have been on a downward spiral over issues ranging from coronavirus pandemic to Hong Kong to human rights abuses in Xinjiang.

In an article in Nikkei Asian Review, Pesek said: “The U.S. election is shaping up as a contest between which candidate hates China more: President Donald Trump or former Vice President Joe Biden?”

For now, Pesek noted, the advantage is Trump’s, who on Tuesday ended Hong Kong’s special status with the U.S., which allowed the city direct access to key U.S. sectors like technology and defense. “He also signed legislation requiring sanctions against Chinese officials involved in Beijing’s crackdown in the former British colony and the banks they deal with.”

US President Donald Trump had on Tuesday signed a legislation and executive order authorising sanctions against China for its oppressive actions against the people of Hong Kong.

“Today, I signed legislation and an Executive Order to old China accountable for its oppressive actions against the people of Hong Kong,” Trump had said.

China’s move to impose national security law in Hong Kong has drawn fierce criticism, with many saying it is aimed at crushing dissent in the erstwhile British colony which saw massive pro-democracy protests last year.

“Trump’s actions demonstrate the extent to which November 3 will be a race to the bottom to see who can be harsher toward China. Your move, Joe,” the article read.

Pesek said the Central question for this election should be who has the best plan to keep the U.S. on top of the great power struggle. Americans trying to decide might consider why China’s President Xi Jinping seems to fear Biden more than another four years of Trump, he stated.

While noting that the ruling Chinese Communist Party (CCP) “loathes the trade war, the Twitter tantrums and Trump’s racist remarks about the coronavirus’ origins”, Pesek said the “more Trump damages America’s global standing, the closer China is to realizing its hegemonic aspirations.”

“In sharp contrast, a Biden presidency promises a return to the Democratic Party’s traditional approach toward Beijing. That means using a multilateral approach that puts human rights, environmental concerns and government censorship at the front end of trade talks, not as retaliatory cudgels to bash China,” he said.

China has been trying to bully its smaller neighbours with its muscle power. Its territorial claims have aggravated tensions in the region.

Pesek, however, also cautioned that Biden must not overplay his hand. “He is not an economic guru. Foreign policy is his comfort zone and he will need some semblance of a relationship for his approach to work,” he said.

He stated that Biden, who has earlier served as Vice-President, would reengage the world, would keep US in WHO, reenter Paris Climate Accord and the Iran Nuclear Deal.

“He would reach out to the remaining 11 TPP nations to revive a deal China hoped would stay dead. Odds are, Biden would lobby Bangkok, Jakarta, Manila, New Delhi, Seoul and others to join the pact,” he said.

Earlier this month, Donald Trump administration, which has been critical of UN health body over its handling of the coronavirus pandemic has formally withdrawn US from the WHO.
Yet, Pesek said, Biden risks repeating Trump’s mistake of losing sight of the bigger picture when it comes to dealing with an “ascendant” China.

“Trump’s efforts to color his opponent as soft on China clearly pushed the Biden campaign’s efforts to out China-bash Trump,” he said, while adding that China “deserves” it too.

Referring to Xi’s “chilling clampdown” in Hong Kong, exploits in South China Sea, appalling treatment of Uighur Muslim minority in Xinjiang and clampdown on media, Pesek said these actions have won Beijing little goodwill.

“A Group of Seven nation like the U.S. should help to ensure the world’s second-biggest economy plays by the rules,” said Pesek.

He also warned that taking on China alone will not build American economic muscle nor will it suddenly restore the manufacturing sector to its 1980s heyday or end the struggle to compete with Asia’s low wages. “It will not magically improve crumbling infrastructure nor reduce inequality or improve the education system,” he said.

“So will building a more equitable and collaborative trade relationship with China. Trump’s approach has been starting economic food fights. A President Biden will have to work with Xi, not just hurl platitudes,” added Pesek. (ANI)

Please, Log in or Register to view URLs content!

 

[localizer]

@s002wjh @ansy1968 @BMEWS The problem I hear is that the US bans will force Tiktok and Wechat to be removed from Google and Apple app stores of all countries.

So it’s like a Huawei sanction.


US is sayin: China shall not own businesses that compete with US businesses on the world stage.

China can stay “Open” but US will sanction those open businesses globally.



The correct response would be to spend the US reserves and treasuries and stop trying to placate the US. Chinese will have no need for the dollar if its dollar transactions and holdings get invalidated. This will happen naturally as Chinese realize the dollar is less and less useful to them. Chinese will soon be prevented from buying assets in the US and will be forced to hold inflationary dollars. Thus forgoing the Dollar should be accelerated.

 

[ansy1968]

@s002wjh @ansy1968 @BMEWS The problem I hear is that the US bans will force Tiktok and Wechat to be removed from Google and Apple app stores of all countries.

So it’s like a Huawei sanction.


US is sayin: China shall not own businesses that compete with US businesses on the world stage.

China can stay “Open” but US will sanction those open businesses globally.



The correct response would be to spend the US reserves and treasuries and stop trying to placate the US. Chinese will have no need for the dollar if its dollar transactions and holdings get invalidated. This will happen naturally as Chinese realize the dollar is less and less useful to them. Chinese will soon be prevented from buying assets in the US and will be forced to hold inflationary dollars. Thus forgoing the Dollar should be accelerated.

Hi localizer,

Yup correct, but it is being use domestically ($1.4 trillion 5 year hi tech upgrade) and RBI, for me China nuclear option is the full digitalization of YUAN (gradually hapening) and announcement of its GOLD reserve (from what I heard is about 20,000 tons), that will really crush the dollar.