Chinese Economics Thread

[bladerunner]

There are many ways to protect your self interests,

Like supporting genocide in Southern Sudan

Actually you can read the article on line

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Sadly it is begining to emulate the former colonial powers to a T. Like zoom I thought they might be different , but the African is being short changed again.

 

[latenlazy]

Like supporting genocide in Southern Sudan

Not to say that isn't bad, but it's not nearly as bad as what the colonial powers did. And besides, it's not like the Western powers don't prop up regimes like Syria. There's a reason why they (the governments, not necessarily their citizenry) didn't push very hard for China to stop dealing with Sudan.

 

[Schumacher]

Like supporting genocide in Southern Sudan

China and most other nations trade and have ties with western powers who launch brutal wars in the Middle East etc, so cutting off all ties doesn't help nor is it practical.

 

[Equation]

I already read that article, and it's interested. Thanks for the posting.

 

[Equation]

Well, that doesn't necessarily mean western media are totally dumb although many probably are. It just means their aim is first and foremost to sell and entertain. To educate and be informative come a distant second.
They're just selling to a western audience desperate to hear doom and gloom news about other parts of the world, especially China, to help them sleep better.
Once you realize this, it's easy to understand why western media are consistently 99.9% wrong and still go on.

That's a good explanation there.
I thought democracy was suppose to be an informative educated society like the one in ancient Greece of Aristotle times. True to what you said, but isn't it dangerous to play the articles according to what the majority of the misinformed crowd wants to see or hear? What problems would it solved to stoke and inflame hatred toward a particular group or country? If journalism is like that, than it is an irresponsible use of freedom of press in my opinion.

 

[Schumacher]

That's a good explanation there.
I thought democracy was suppose to be an informative educated society like the one in ancient Greece of Aristotle times. True to what you said, but isn't it dangerous to play the articles according to what the majority of the misinformed crowd wants to see or hear? What problems would it solved to stoke and inflame hatred toward a particular group or country? If journalism is like that, than it is an irresponsible use of freedom of press in my opinion.

That's probably because most western societies have little to do with real democracy nor do most western media have much to do with journalism, entertainment is a better description of what they do.

 

[AssassinsMace]

The only important differences between China and the colonialists is the colonialists stole what they took. China pays for what they get from Africa. China isn't occupying any African country either. Also Africa never experienced growth when the colonial masters were in charge. Dealing with a dictator compare to being in totalitarian control is as big of a differences of the distance between zero and one.

 

[Martian]

Lenovo posts record $5.9b sales revenue for second quarter

The world's five largest PC manufacturers are:

1. HP - wants to get out of low-margin PC business and undo Compaq acquisition from 2001
2. Dell - "has already stated that it’s heading to higher ground with storage, networking and services."
3. Lenovo - Chinese company "growing fast and has a lot of cash."
4. Acer - Taiwanese company known for Acer notebook computers and dual-screen Iconia tablet
5. Asus - Taiwanese company famous for Asus Transformer tablet with 400,000 sold last month alone

IBM vacated the PC business and sold it to Lenovo in 2004. Today, HP is trying to follow in IBM's footsteps and become a higher-margin software and services company. Dell has stated it wants to move in a similar direction.

The conclusion is inescapable. There is no future in competing against a core Chinese strength in PC manufacturing. Lenovo's size is scaling upwards in lockstep with Chinese economic growth. In the next ten to fifteen years, Lenovo should become the world's largest PC manufacturer.

Reference:

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----------

Lenovo Smartphone, Skylight and IdeaPad U1

Lenovo LePad Slate

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"Lenovo posts record $5.9b sales revenue
Updated: 2011-08-19 07:57
By Tuo Yannan (China Daily)

BEIJING - The technology giant Lenovo Group, the third-largest PC maker by market share, on Thursday reported quarterly sales revenue of $5.9 billion for April through June and pre-tax net profit of $123 million, nearly double compared with the same period last year.

Lenovo attributed the result - the company's highest in 27 years - to pre-tax net profit of $77 million in mature markets such as the United States, Japan and Western Europe. It was facing $9 million in losses for the same period last year.

Lenovo's sales revenue in mature markets was $2.1 billion in the quarter ended June, accounting for 34.6 percent of the company's global figure.

According to the company, it will shift its emphasis from market share to profit-generating projects in those regions.

Lenovo Chairman Liu Chuanzhi at the earnings call said the company has been placing its focus on mature markets since the beginning of this year.

In January, the company announced a $175 million joint venture with Japan's NEC Corp. In July, Lenovo completed its acquisition of Medion AG, a German multimedia and consumer electronics maker.

"Our results show that Lenovo's acquisition of IBM's PC business has become a success. In future quarters, we will take what we've learned from this acquisition and apply that knowledge toward our joint venture with NEC in Japan and our acquisition of Medion in Germany," Lenovo's CEO Yang Yuanqing said.

Lenovo Group surpassed Acer Inc to become the world's third-largest PC maker with a market share of 12.2 percent in the latest quarter and has benefited from its expanded distribution channels through acquisitions, according to the US-based research company IDC.

Yang said the company will continue to focus its acquisition targets on overseas PC companies that occupy a large portion of local markets.

The PC sector has been Lenovo's main business after its acquisition of IBM's Personal Computing Division in 2005. The company said it will focus on the more lucrative business-computing sector, where the company has leverage in domestic and overseas markets.

"Although Lenovo's market share in mature markets is still relatively small, it has a very strong advantage in the Chinese market. We forecast China will continue to experience rapid growth over the next quarter, especially in the mobile Internet sector," said Kitty Fok, vice-president of the research company IDC Asia-Pacific.

Apple Inc received $3.8 billion in sales revenue in China last quarter through sales of iPhones and iPads, while Lenovo saw $2.8 billion in the same period.

Lenovo said it will place greater emphasis on its LePhone smartphone and LePad tablet PC in order to grab a greater share of the mobile Internet sector.

In the earnings call on Thursday, the company said it sold 81,000 LePads in the last quarter and aims to occupy 20 percent of China's tablet PC market by the end of this year to compete with Apple."

 

[Schumacher]

The only important differences between China and the colonialists is the colonialists stole what they took. China pays for what they get from Africa. China isn't occupying any African country either. Also Africa never experienced growth when the colonial masters were in charge. Dealing with a dictator compare to being in totalitarian control is as big of a differences of the distance between zero and one.

Yes, the difference is obvious to anyone with any ability to think. Western colonialists just invaded, killed, robbed and enslaved Africans. How can anyone be confused with something as simple as that ?
Western media is just using their old tricks of hoping if some claims are repeated often enough, some will eventually believe it. Unfortunately, considering the intelligence levels of much of western media's audience, some are believing it.

 

[latenlazy]

That's a good explanation there.
I thought democracy was suppose to be an informative educated society like the one in ancient Greece of Aristotle times. True to what you said, but isn't it dangerous to play the articles according to what the majority of the misinformed crowd wants to see or hear? What problems would it solved to stoke and inflame hatred toward a particular group or country? If journalism is like that, than it is an irresponsible use of freedom of press in my opinion.

That's what you get when you couple "democracy" with "capitalism". Profit driven news will gravitate towards demand, aka what is popular, not what is "right". The good news is that news meant to inform does have a reasonably sized niche audience, but it requires a lot of digging.

The world's five largest PC manufacturers are:

1. HP - wants to get out of low-margin PC business and undo Compaq acquisition from 2001
2. Dell - "has already stated that it’s heading to higher ground with storage, networking and services."
3. Lenovo - Chinese company "growing fast and has a lot of cash."
4. Acer - Taiwanese company known for Acer notebook computers and dual-screen Iconia tablet
5. Asus - Taiwanese company famous for Asus Transformer tablet with 400,000 sold last month alone

IBM vacated the PC business and sold it to Lenovo in 2004. Today, HP is trying to follow in IBM's footsteps and become a higher-margin software and services company. Dell has stated it wants to move in a similar direction.

The conclusion is inescapable. There is no future in competing against a core Chinese strength in PC manufacturing. Lenovo's size is scaling upwards in lockstep with Chinese economic growth. In the next ten to fifteen years, Lenovo should become the world's largest PC manufacturer.

Reference:

Please, Log in or Register to view URLs content!

----------

Lenovo Smartphone, Skylight and IdeaPad U1

Lenovo LePad Slate

Please, Log in or Register to view URLs content!

"Lenovo posts record $5.9b sales revenue
Updated: 2011-08-19 07:57
By Tuo Yannan (China Daily)

BEIJING - The technology giant Lenovo Group, the third-largest PC maker by market share, on Thursday reported quarterly sales revenue of $5.9 billion for April through June and pre-tax net profit of $123 million, nearly double compared with the same period last year.

Lenovo attributed the result - the company's highest in 27 years - to pre-tax net profit of $77 million in mature markets such as the United States, Japan and Western Europe. It was facing $9 million in losses for the same period last year.

Lenovo's sales revenue in mature markets was $2.1 billion in the quarter ended June, accounting for 34.6 percent of the company's global figure.

According to the company, it will shift its emphasis from market share to profit-generating projects in those regions.

Lenovo Chairman Liu Chuanzhi at the earnings call said the company has been placing its focus on mature markets since the beginning of this year.

In January, the company announced a $175 million joint venture with Japan's NEC Corp. In July, Lenovo completed its acquisition of Medion AG, a German multimedia and consumer electronics maker.

"Our results show that Lenovo's acquisition of IBM's PC business has become a success. In future quarters, we will take what we've learned from this acquisition and apply that knowledge toward our joint venture with NEC in Japan and our acquisition of Medion in Germany," Lenovo's CEO Yang Yuanqing said.

Lenovo Group surpassed Acer Inc to become the world's third-largest PC maker with a market share of 12.2 percent in the latest quarter and has benefited from its expanded distribution channels through acquisitions, according to the US-based research company IDC.

Yang said the company will continue to focus its acquisition targets on overseas PC companies that occupy a large portion of local markets.

The PC sector has been Lenovo's main business after its acquisition of IBM's Personal Computing Division in 2005. The company said it will focus on the more lucrative business-computing sector, where the company has leverage in domestic and overseas markets.

"Although Lenovo's market share in mature markets is still relatively small, it has a very strong advantage in the Chinese market. We forecast China will continue to experience rapid growth over the next quarter, especially in the mobile Internet sector," said Kitty Fok, vice-president of the research company IDC Asia-Pacific.

Apple Inc received $3.8 billion in sales revenue in China last quarter through sales of iPhones and iPads, while Lenovo saw $2.8 billion in the same period.

Lenovo said it will place greater emphasis on its LePhone smartphone and LePad tablet PC in order to grab a greater share of the mobile Internet sector.

In the earnings call on Thursday, the company said it sold 81,000 LePads in the last quarter and aims to occupy 20 percent of China's tablet PC market by the end of this year to compete with Apple."

Well, if computer usership in the Mainland grows (and it will), Lenovo will have much greater market access than its competitors to the biggest computing market. Such an outcome is not surprising.