Chinese Economics Thread

Gatekeeper

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I got my girlfriend hooked on the "find great deals" challenge. Once in a while, I'll get a text from her when she's shopping; something like, "Vacuum packed USDA prime ribeye marked down to $5 per pound from $20. Grab?" And I'll reply, "Ya... ALL of it." LOL Last step with her is to wean her off the iphone/Apple crap and we'll be golden.

Manqiang. She is a keeper! I'll definately marry her if I was you. My wife, on the other hand is completely opposite and clueless. I received a text from her to say she saw a good mixer that she had hers on had £299 knocked off as in a sales. I was out playing golf, and I showed my golfing buddies. And they all thought the price was £299! And they say even that's too much to pay for a glorify food mixer.

I have to repeat no! It's £299 OFF. And they all say how much was it too start with! Oh yeah it was ticketed as 50% off! And the worse thing was. I can't say no, particularly she mentioned she has had her eyes on it for sometime! Women!
 

NiuBiDaRen

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China’s mighty state monopolies cast a big shadow over private enterprise, but will antitrust law and vows of reform level the playing field?​

  • Restructuring monopolies enjoyed by China’s state enterprises has been a contentious topic, but doing so could contradict top-level calls to make them stronger
  • Chinese antitrust regulators may be pressured to turn a blind eye to well-connected SOEs, so as not to contradict national economic policy, analysts say
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Beijing’s latest measures to redistribute state capital in key sectors while enhancing the influence of state-owned enterprises (SOEs) are arousing concern in China’s private sector while also fuelling foreign suspicion about the return of state capitalism.

Chinese officials, namely President Xi Jinping, have commented on the need to build bigger, better and stronger state firms. But some analysts say that may run counter to pledges of market-oriented reform in the state sector. In particular, there are questions about whether the nation’s antitrust law will be applied to China’s many state-owned firms as it is now being applied to private-sector technology companies.

Enhancing the influence of state-owned firms fits well with Beijing’s new economic strategy emphasising self-reliance to offset external uncertainties, including decoupling attempts by the United States and its allies. But many analysts say the way those SOEs are treated is key to judging Beijing’s pledges to combat monopolistic activities and to promote competition neutrality for state, private and foreign investors.
 

Gatekeeper

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My salary pretty much tripled since I graduated in 2007, but the cost of things also doubled.

I keep a very detailed budget and expense list. It used to be $400 for groceries a month which is now $900. I haven't really changed what I buy.

I agree with the video cards. But inflation is calculated with a basket of goods weighted by "importance", means it's all BS. What I value (video card) is not what my wife values (milk). You will notice those price changes if you buy things once every several years with its $1000 jump. Milk prices been holding steady for almost a decade now, but meat and vegetables are going up.

But governments will say milk is a staple, so must stay stable, and is weighted more, thus low inflation. Clothing is another big item that has been stable in price, which shows a low inflationary value. However, if you buy good quality clothing for work (pre-2020) the prices have been going up very quickly.

That's all very true. Which is why the us blue collared males all voted the Orange one in droves.

I read some where, (I can't put my hand in it at the moment) that for the first time in US history, the average worker are worst off than their parents. Also in a stat I saw, the average U.S. living standards have not changed in the past 40 years.

No wonder the Orange one gain so much support from your average white male.
 

NiuBiDaRen

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I think that it will take a few months to filter through.

Remember most American's have impressions of China which are 10-20 years behind reality.
Even the average Congressman will be a few years behind, and think the Chinese economy is significantly smaller than the US economy.

That will be a rude awakening for America Firsters, and fire them up even more. But the only area where they have a level of clear superiority is in the military realm, and they know even this is only a temporary situation.

China needs to demonstrate that it is significantly bigger, before the America Firsters accept their position.
In my impression, more like 30 years behind reality.

LKY said it'll take another 20 years for Westerners to accept China. Maybe covid will speed things up a bit. Some people are getting a bit more clear headed after covid. But still people refuse to believe shit about China. Hey look even if China overtakes USA in the military realm too, people proactively want to keep their heads in the sand. They'd rather actively deceive themselves since a world where China is stronger than USA destroys their sense of superiority
 

PiSigma

"the engineer"
That's all very true. Which is why the us blue collared males all voted the Orange one in droves.

I read some where, (I can't put my hand in it at the moment) that for the first time in US history, the average worker are worst off than their parents. Also in a stat I saw, the average U.S. living standards have not changed in the past 40 years.

No wonder the Orange one gain so much support from your average white male.
The average worker in all western countries have not seen any improvements in standard of living over the past 20 years. Salaries have been stagnant with increase in cost.

Only reason standard of living is not dropping is because China's products are cheap, so all those electronic Toys prices are kept low.

Only those in highly specialized fields see increases in salary that beats the inflation. When I made it to SME, I saw a huge jump in salary. Otherwise, it's 2-3% increase a year basically to meat inflation.
 

Gatekeeper

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But some analysts say that may run counter to pledges of market-oriented reform in the state sector. In particular, there are questions about whether the nation’s antitrust law will be applied to China’s many state-owned firms as it is now being applied to private-sector technology companies.

Enhancing the influence of state-owned firms fits well with Beijing’s new economic strategy emphasising self-reliance to offset external uncertainties, including decoupling attempts by the United States and its allies. But many analysts say the way those SOEs are treated is key to judging Beijing’s pledges to combat monopolistic activities and to promote competition neutrality for state, private and foreign investors.

What a joke, the west pointing their fingers at China "monopolies" again. Gee
I'm currently teaching this topic to my students. And they were surprised how little their "free market" exist when I sight examples in the U.K.:

Supermarket: big four dominates
Banking: big four dominates
Auditing: big four dominates
Petrol forcourts: big four dominates
Hardware stores: big four dominates
Urban Public transport: big one dominates

I could find more, but none if my students up to the point I told them did not see it as monopoly power, because, these companies gives an impression competition existed.
 

NiuBiDaRen

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Registered Member
What a joke, the west pointing their fingers at China "monopolies" again. Gee
I'm currently teaching this topic to my students. And they were surprised how little their "free market" exist when I sight examples in the U.K.:

Supermarket: big four dominates
Banking: big four dominates
Auditing: big four dominates
Petrol forcourts: big four dominates
Hardware stores: big four dominates
Urban Public transport: big one dominates

I could find more, but none if my students up to the point I told them did not see it as monopoly power, because, these companies gives an impression competition existed.
Yes when the journalist mentions analysts, he's obviously talking about anti-China people.

I'm surprised your students don't hate you already. Especially the white ones.
 
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manqiangrexue

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Manqiang. She is a keeper! I'll definately marry her if I was you. My wife, on the other hand is completely opposite and clueless. I received a text from her to say she saw a good mixer that she had hers on had £299 knocked off as in a sales. I was out playing golf, and I showed my golfing buddies. And they all thought the price was £299! And they say even that's too much to pay for a glorify food mixer.

I have to repeat no! It's £299 OFF. And they all say how much was it too start with! Oh yeah it was ticketed as 50% off! And the worse thing was. I can't say no, particularly she mentioned she has had her eyes on it for sometime! Women!
Well, I wouldn't marry a woman just cus she can save money, though.

Her strengths are, she's really smart, graduated RenDa top of her class, currently working on her PhD in econ. Has very high EQ because she has positively maintained a lot of relationships in China's complex work environment while also learning to keep her distance without offending anyone. She's very athletic, 165cm, thin looking, but athlete-level muscle tone since she was a track star in the sprint in college and high school. Took her to the gym at 112 pounds bodyweight to test her strength and she did an ass-to-grass Olympic weightlifting squat of 115 pounds, then a bench press of 65 pounds, and then a clean grip deadlift of 135 pounds on her first day! She learns very fast; the form for the clean pull and Olympic squat are things that many guys never get down but she got on her first day.

Her weaknesses are that she's egotistic and can't stand to fail at anything (she will injure herself finishing a routine at the gym because she doesn't want to say she failed and will be visibly upset at herself if her cooking is a bit off on occasion) and that she still likes some luxuries like $5,000 Italian/French bags and iphones. She's already promised to ditch Apple once we get to China so we're shopping for her last one, an iphone 11 pro used, on Craigslist, but the bags thing we'll need to work that out. I tell her that items made by Chinese hands will always be worth more to me than those made by foreign hands because the ultimate luxury is no material thing but the sense of pride in your heart. We're still working on that last one...
 
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1/3 of global robot production in China, 1/3 of Chinese robot production in Shanghai​


The Shanghai Newstar Smart Factory, with a total investment of 690 million yuan and an annual output of 10,000 industrial robots, was put into production in Jiading; the third phase of the Shanghai FANUC Smart Factory cooperating with Shanghai Electric and the global robot giant Hair Neck started construction... Recently, Shanghai Robot Industry Good news spread frequently.

Robots are known as "the jewel in the crown of manufacturing" and are an important indicator of a country's technological innovation and high-end manufacturing level. The latest data show that 1/3 of the global robot output is in China, and 1/3 of China’s robot output is in Shanghai. The robot industry has become a new business card of "Made in Shanghai".

Faced with the epidemic rising against the trend

Last year was an extraordinary year for the robotics industry. "Affected by the decline of the automotive industry and the impact of the new crown epidemic, Shanghai's industrial robot output value was once faced with a crisis of decline, but leading companies such as Xinshida and Zhongke Xinsong have actively turned crises into opportunities and achieved bucking the trend." Said Han Dadong, Director of the Intelligent Manufacturing Promotion Division of the Information Committee.

Faced with the difficulty of face-to-face communication caused by the epidemic, Newstar built the same application scenarios as the customer's application sites in the factory, benchmarking the technical level of international first-line brands, and the sales, marketing, engineering and R&D teams cooperated to achieve major technological breakthroughs. , Especially in the core technology of robots-motion control algorithms have made great progress.

In April last year when the epidemic prevention situation was severe, the beat of the SP120/2400 palletizing robot of Xinshida exceeded 1,000 packs/hour, an increase of 54% compared to the original. During the Industrial Fair in September, this indicator broke through 1,200 packs/hour, achieving a parallel run with international first-line brands. Ji Yi, chairman of Newstar Electric, revealed that in the first three quarters of last year, the company's net profit was about 76.52 million yuan, a sharp increase of 36.64% year-on-year.

Zhongke Xinsong, China’s largest seven-axis robot manufacturer, focuses on small batches and diversified demand trends. Last year’s newly launched GCR5 collaborative robot has a load of 5 kg, an arm span of 910 mm, a joint angular velocity of 225 degrees per second, and repeated operations. With an accuracy of ±0.03 mm, it is the fastest collaborative robot in the industry.

Zhongke Xinsong President Yang Li said, “Although foreign demand slowed down last year, domestic demand continued to be released.” Domestic automobile OEMs, flexible chip production, and medical robot surgical trials have become the company’s The main battlefield.

The recovery momentum of the domestic manufacturing industry has begun to play a role. At the beginning of December last year, Shanghai FANUC's third-phase plant, covering an area of about 431 acres and a total investment of 1.58 billion yuan, was officially opened in Shanghai. This will be FANUC's largest robot base outside Japan. It is expected to be completed. The annual output value reaches 10 billion yuan. Qian Hui, general manager of Shanghai FANUC Robotics, said that last year the company's national sales reached a record high.

Service robots welcome the golden decade

Industrial robots look for opportunities in adversity, and service robots usher in explosive growth. In the fields of medical, commerce, education and people's livelihood robot applications, a number of industry rookies such as Dada and Gaoxian have emerged.

"The order is too late to make, and the demand is beyond imagination." Wang Bing, chairman of Dart Robotics, said frankly that since the epidemic, he has been watching the scene to catch up almost every day. As the leader of domestic service robots, Dart Robot's outstanding performance in the epidemic has made it a "hot commodity." In Wuhan, Dart Robots built the country’s first "smart shelter hospital"-Wuchang shelter hospital in just one week. Under the intelligent dispatching command of the cloud brain, it uses medical robots, patrol robots, cleaning and disinfection robots, and transportation robots. 24-hour online operations such as temperature measurement robots, etc., to improve the operating efficiency of the entire shelter hospital in real time; in Shanghai, the Dart 5G cloud cleaning and disinfection robot at Shanghai Children’s Hospital can efficiently and autonomously complete the cleaning and disinfection tasks in the hospital, reducing the working hours of staff , To avoid cross infection.

At present, Dart Robot's intelligent flexible joint SCA production and robot production line in Shanghai have entered the mass production stage. Wang Bing said that he now hopes that the Dana Intelligent Robot Industrial Base in Minhang will be completed as soon as possible, in order to build a world-class intelligent manufacturing base for core parts of robots.

Titanium robots, which were born in Pudong, have also emerged in the fight against the epidemic. Multifunctional disinfection robots have become "explosive models", and orders from hospitals have increased rapidly. Pan Jing, general manager of Titanium Robotics, said that currently, hundreds of Titanium Robotics and nearly ten medical robot products have been applied to more than 200 large-scale tertiary hospitals in China. Aiming at the direction of "medical robots", Titanium is sprinting into the science and technology innovation board.

Dai Liu, president of the Shanghai Robot Industry Association, said that in the development of the robotics industry, service robots are coming from behind, and China's development is almost synchronized with the international ones. As an obvious terminal product after the combination of manufacturing and AI, with the development of China's AI technology, the accompanying service robots will also usher in the golden growth period of the next ten years.

Promote the industry's fixed chain to replenish the strong chain

After rapid growth in previous years, the robotics industry has become an important pillar for Shanghai to promote technological innovation and develop intelligent manufacturing.

Today, Shanghai’s industrial robot production accounts for about 1/9 of the global scale. The “four major families” of international robots-FANUC, ABB, Yaskawa, and KUKA have established a Chinese headquarters or robot headquarters, and the leading domestic robot company New Times , Siasun, HKUST, etc. have expanded their investment layout. At the same time, a large number of leading companies in sub-sectors, such as Xiaoi, Dada, Gaoxian, and Titanium, have grown rapidly and have emerged as a new generation of industry forces and technology sources.

Accompanied by it is an increasingly complete industrial ecology. Fudan University established the Intelligent Robot Research Institute, dedicated to forming a series of intelligent terminals with independent intellectual property rights and a new industrial R&D economic model with robots as intelligent terminals. The Robotics Research Institute of Shanghai University, Shanghai Electric Apparatus Research Institute, Shanghai Electric Central Research Institute, ShanghaiTech University Advanced Robotics Laboratory, Shanghai Jiaotong University Medical Robotics Research Institute, and Shanghai Jiaotong University Robotics Research Institute are also helping the key core of Shanghai's robotics industry. Technology breakthrough.

In terms of spatial layout, Shanghai’s robotics industry has initially formed a “3+X” spatial layout. “3” refers to the Shanghai Robot Industrial Park in Jiading District, Baoshan District, and Pudong New District, and “X” refers to the joint development of multiple industrial parks. . Recently, Pudong officially released the robot industry map and the "One Valley, One Park" plan. It plans to form a robot industry development space of 3.9 square kilometers and 5.5 square kilometers in Zhangjiang and Jinqiao, respectively, and create a world-class technological innovation center, medical robot highland, and discrete Intelligent manufacturing characteristic industrial park, innovative functional service platform cluster, forming a cross-border integrated development ecology. By 2023, Pudong will be built into a top-level domestic robotics industry development highland with high international influence, with an overall industrial scale reaching 50 billion yuan.

Regarding the next development direction of the Shanghai robot industry, the relevant person in charge of the Shanghai Municipal Commission of Economy and Information Technology stated that it will accelerate the expansion of the promotion and application of robots in all walks of life, create a benchmarking project for industrial robot application, and carry out the "10030" special project throughout the city. The empowerment of robots promotes the construction of 100 smart manufacturing factories and drives the addition of 10,000 robots.

At the same time, speed up the implementation and promotion and application of major industrial projects of service robots, focus on service robot companies in the fields of medical care, education, security and customer service, and strive to cultivate 3 to 5 domestic leaders in service robots, create an industrial highland for service robots, and support Shanghai's “online” New economy" development. (Reporter Liu Kun)
 

Gatekeeper

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The average worker in all western countries have not seen any improvements in standard of living over the past 20 years. Salaries have been stagnant with increase in cost.

This what I was trying to say. A stat I read showed the average American has been stagnating for the past 40 years. Where as the American dream is one where the next generation is better off than the last.

They had the illusion that they have seen their living standards improved because of the nominal increase in wages, not real increases.

Only reason standard of living is not dropping is because China's products are cheap, so all those electronic Toys prices are kept low

This is what I've been trying to say to my students. Some get it, some don't. I think some stats I saw (I can't remember whos) calculated that the Chinese cheap prices contributed to .3% to .5% of average U.S. growth rates in the past 30 years.

So all the time the US is taking advantage of us Chinamen in producing cheap and plentiful items, it's fine and dandy. But as soon as US Chinese trying to move up the ladder, then we are cheaters, stealers, manipulators! Gee.
 
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