Chinese Economics Thread

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luminary

Senior Member
Registered Member
tphuang said:
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I'm not sure 6G is needed, but faster wireless internet, greater CPU processor and such are all necessary in making future industries more efficient.
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Imagine a world where the speed of wireless transmission reaches the point where sending a process to cloud, having a supercomputer perform the computation task, then sending it back is as fast as or faster than processing the task on your personal device. At that point, you wouldn't need CPUs on your phone, laptop, or AR goggles anymore; they would just be compact, foldable LED screens with a wireless transmitter and receiver.

Imagine getting access to the latest internet services and the metaverse for less than $50 and never needing to replace your hardware. So cheap that even those in extreme poverty can afford one. A true democratization of technology. That's just the tip of the iceberg of what wireless communications can realize in the next few decades.
 
PiSigma

PiSigma

"the engineer"
luminary said:
Imagine a world where the speed of wireless transmission reaches the point where sending a process to cloud, having a supercomputer perform the computation task, then sending it back is as fast as or faster than processing the task on your personal device. At that point, you wouldn't need CPUs on your phone, laptop, or AR goggles anymore; they would just be compact, foldable LED screens with a wireless transmitter and receiver.

Imagine getting access to the latest internet services and the metaverse for less than $50 and never needing to replace your hardware. So cheap that even those in extreme poverty can afford one. A true democratization of technology. That's just the tip of the iceberg of what wireless communications can realize in the next few decades.
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I can imagine it, but I live in Canada, or USa lite. So even if that were to happen, Canada's triopoly of wireless services will charge $1000/month for it and it will be slower than everywhere else. Service will also only become available 10 years after everyone.
 
supercat

supercat

Major
China's car export increased more than 43% in Jan and Feb 2023 YoY. I think China probably will beat Japan to become the world's largest car exporter this year.
https://twitter.com/i/web/status/1633209148044091398

A dedicated Chinese car show in Kuwait:
https://twitter.com/i/web/status/1633010326122708994

In Jan and Feb, China's trade increased with ASEAN and BRI countries, while decreased with the US, EU, and Japan.
https://twitter.com/i/web/status/1632976792972673027

China-Russia trade in Jan-Feb increased 36.4% YoY.
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L

luminary

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The best one can say about the freefall in Taiwanese exports in January is that it could have been worse. The 19.3% drop from a year ago was less severe than the 24% economists feared. It's also less than December's 23.2% plunge.

The main cause of export decline is that fewer and fewer of Taiwan's integrated circuit chips are going to the mainland and Hong Kong. Due to US sanctions, electronics orders from China and Hong Kong have plunged 45.9%.

Tsai Ing-wen's economy shrunk 0.86% in the last three months of 2022. That was the worst quarterly showing since the 2008-2009 global financial crisis. Worse still, Taiwan's Ministry of Economic Affairs sees little reason for optimism that export demand will bounce back.

Huang Yu-ling, head of the ministry's statistics department, reports that 70% of over 2,000 companies surveyed so far detect little uptick in demand since China ended Covid-19 controls. News that Taiwan's economy is sputtering augers poorly for semiconductor growth. Local giants like taiwan semiconductor manufacturing co. (TSMC) are major suppliers to Apple, Qualcomm and other global tech names.

It's not just Taiwan. Japan and South Korea are also learning how expensive it is to stand with the US as an ally amidst China's economic rise. In Tokyo, Prime Minister Fumio Kishida's approval rating is in the mid-20s as his economic reform hopes go sideways.
 
horse

horse

Colonel
Registered Member
Fekhs! Afoejgiu kjlj un aifhah! Priaide! Shojg.

Iaoiny. Wjopjamno mnosn, sojme.

Salute!

Okay, that was my very own nationalistic outburst, Biden-style.

Sort of like Gundum style, but with slurred words and senility. :cool:

It's happening too quick.

If things do not turn around soon, then it could be too late.

The point of no return.

Where is that? We got no idea, nobody does, because everything in China is a state secret.

Transparency my ass. They just want to ban another Chinese company. The knife cuts two ways.
 
Maikeru

Maikeru

Major
Registered Member
escobar said:
China has shifted from buying US Treasuries to buying US Agencies.
https://twitter.com/i/web/status/1633303885434720257
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Recent Sean Foo video addressed this. Yes there is an increase in Chinese buying of US agency bonds (e.g. Freddie Mac and Fannie Mae) but this increase is substantially less than the decrease in Chinese UST holdings. Reason is the agency bonds pay higher interest than USTs and, effectively, the counterparty risk these days is about the same.

Edit: Here is the vid:
 
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