Chinese Economics Thread

[henrik]

"23% in 1 year"

Well yeah that's why no one puts any stock in non adjusted gdp, because it is absurd and basically tells you nothing about the nation except possibly how large the currency is, which is far more complicated than "bigger number = better".

If China just decides to push up the RMB as much as possible, they can get extremely high nominal GDP, but this doesn't change the economic facts on the ground and may in fact be detrimental to growth.

China is now shifting Japan's automobile industry into China's system. Potentially, this automobile sector and related gdp will worth $2 trillion to the Chinese economy. The next sector would be for semiconductors.

 

[NiuBiDaRen]

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THE German government’s agreement to sell a stake of less than 25 per cent in one of Hamburg’s port terminals to a state-owned Chinese company is a face-saving compromise that enables Chancellor Olaf Scholz to travel to Beijing bearing at least one gift next week

What’s remarkable is that handing over even a measure of control of such strategic infrastructure was ever on the table to begin with.

And they said only Asians were obsessed with saving face.

Olaf Scholz entering Beijing:

 

[NiuBiDaRen]

 

[Jiang ZeminFanboy]

Huawei 3Q revenue up by 6.5%, it seems the whole year revenue should be positive, after 9 months down by 2.2%

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[luosifen]

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2022-10-27 13:23:53chinadaily.com.cn Editor : Li Yan

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An employee promotes pomegranates via livestreaming at a facility in Huili, Sichuan province, on Oct 10. (Photo/Xinhua)
Consumers are looking for bargains at more platforms for this year's Singles Day shopping spree, as 69 percent of the 3,000 consumers surveyed by market consultancy Bain &Company said they plan to shop at three or more platforms, according to the research firm's report released on Tuesday.
Last year, only 56 percent of the interviewees said they would choose more than three platforms. Strikingly, 37 percent of the respondents this year said they plan to use five or more platforms.
Livestreamed shopping events and other online retail festivals may have intensified competition among different platforms, said company experts.
Even with the changes in consumer behavior, Singles Day continues to be a priority for China retailers, said Kelly Liu, head of the Greater China retail practice at Bain &Company, adding that this year's total gross merchandise value across different platforms may reach the 1-trillion-yuan ($137 billion) milestone on Nov 11, the day the shopping carnival is celebrated every year.

 

[luosifen]

 

[KenC]

Eric Li giving out his view of China's economy strategic direction in a recent interview.

 

[siegecrossbow]

Top right corner proves that the artist is a true MAGACommunist.

 

[KYli]

Digital yuan would play an important role for yuan internationalization.

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[Minm]

How bad would US sanctions against Chinese biotech be, assuming they work like the semiconductor sanctions?

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Most lab equipment and chemicals is made by companies like Thermo Fisher Scientific and Merck. The European suppliers have acquired many American companies, so they won't be free to trade if the US doesn't want them to. Does China have any big competitors?