Chinese Economics Thread

[Tyler]

But the revenue is 200B less than one year ago after 3q, hope next year it will stabilize.

When they release their next 5G smartphone, their growth will resume. Make sure you will buy their smartphone.

 

[NiuBiDaRen]

One of my friends from high-school ended up in Siemens Energy Steam Turbines Division. The level of bean counting in that industry is ridiculous. Billions of euros and the efforts of thousands of engineers are being used to increase turbine efficiency by 1-2% so that electricity distributors can earn a bit more. The innovation is always for lowering the operational costs of electricity providers by a few percent. He said me that sometimes he thinks the same resources could be used for much more impactful things.

What do you think of hydrogen powered gas turbines

 

[xypher]

But the revenue is 200B less than one year ago after 3q, hope next year it will stabilize.

Well, that was expected - Huawei lost most of its smartphone market due to US economic terrorism. However, they are still going pretty strong which is good to see.

 

[Hendrik_2000]

Nah, nvm that cringy WASP, dude ...
He obviously has a massive inferiority complex in front the Chinese, especially with the self-inflicted shitshow of Brexit which is somehow getting even worse by the day.
Watching his civilization collapse probably isn't fun for him. lol.

I don;t think he is WASP more like WASP wannabe. He is Polish émigré work and live in Good ole england

 

[NiuBiDaRen]

I don;t think he is WASP more like WASP wannabe. He is Polish émigré work and live in Good ole england

Is it like on those weekslong work visas that BoJo is promising to hungry Polish men?

 

[manqiangrexue]

But the revenue is 200B less than one year ago after 3q, hope next year it will stabilize.

I don't think so. According to this, is was $136B for all of 2020.

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It was $122B for all of 2019.

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[9dashline]

Well, that was expected - Huawei lost most of its smartphone market due to US economic terrorism. However, they are still going pretty strong which is good to see.

Considering the US government goal was to kill Huawei, I think they aren't doing so bad... much in the long term will depend on China's own ability to become semiconductor self sufficient in the high end

 

[Michaelsinodef]

Considering the US government goal was to kill Huawei, I think they aren't doing so bad... much in the long term will depend on China's own ability to become semiconductor self sufficient in the high end

Eh they aren't really killing Huawei at all, stopped them from making mobiles, but I'm pretty sure it's only gonna be a temporary gap.

They debut and come back into the mobile market again in the future.

 

[Jiang ZeminFanboy]

I don't think so. According to this, is was $136B for all of 2020.

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It was $122B for all of 2019.

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I was talking about rmb.

456B yuan this year to q3 vs 671B yuan last year to q3.

 

[horse]

But the revenue is 200B less than one year ago after 3q, hope next year it will stabilize.

The numbers seem crooked.

They said that Huawei generated half of its revenue from its consumer division, which is basically the cell phone sales.

If Huawei had revenue of $120 billion USD, they reported those kind of numbers before the stockpile ran down, then logically half of that should be in jeopardy.

But, Huawei still like about a $100 billion USD company. For comparison, TSMC has revenue about $50 billion USD.

Whatever Huawei did not make sales with the phones, clearly they made sales somewhere else.

Huawei may be doing $200 billion sales in 3 or 4 years.

Some war this is turning out to be.