7 is too much. 6.5% is what I estimated a few months ago, and probably the upper limit for 2023. 6% is probably most realistic given the current state of world growth
Chinese Economics Thread
- Thread starter Norfolk
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China is successfully diversifying away from western markets to emerging markets in ASEAN, Africa and Latin America. It is in China's interest for countries in these regions to grow prosperous so they can buy more and more Chinese goods.
The Brazilian Government has just announced that it has finalized 15 bilateral trade agreements with China, valuing R$50 billion (69 billion RMB) including a satellite manufacturing partnership..
in another deal between China and Brazil
Alibaba's CiaNiao has signed deal with Brazilian postal service for cooperation to more quickly send products into Brazil and probbly Latin America I think
This to me is a case of Chinese e-commerce battling American ones.
Will involved 8 flights a week between China and Brazil
automated distribution centers in Brazil, Chile & Mexico
express delivery network spanning over 1,000 Brazilian cities
Alibaba's CiaNiao has signed deal with Brazilian postal service for cooperation to more quickly send products into Brazil and probbly Latin America I think
This to me is a case of Chinese e-commerce battling American ones.
Will involved 8 flights a week between China and Brazil
automated distribution centers in Brazil, Chile & Mexico
express delivery network spanning over 1,000 Brazilian cities
I google and see that QR cargo is operating 1 weekly hkg to Brazil in 2022. also Ethiopian airlines also operate cargo from.xiamen to Brazil. Any other airlines involved?
Indonesia is really taking advantage of its nickle resources. Good to see a gov't doing that
CATL is expanding a nice big battery factory there
Either way, good to see indonesia grow with Chinese investment
CATL is expanding a nice big battery factory there
Also going to talk to byd in May for a plant there
Either way, good to see indonesia grow with Chinese investment
Not sure, I think the plan is to ramp it up. I need to look into Brazilian market a little more. There is a major competition between Didi owned 99 and Uber right now in the ride hailing market also
just as I expected. From David Goldman. He has been on this more than anyone else. But to be fair, I think a large part of the surplus is just Chinese products taking over from Western/Japanese/Korean products in Global south. After all, if all Chinese goods are going through ASEAN countries to get to US, why are these other countries seeing collapsing exports?
other people are getting it too. The entire friendshoring is nonsensical. Does anyone really think that if a war breaks out, China isn't going to block shipments from surrounding Asian countries if the west really pisses China off? Southeast Asia have now oriented their economy around China and Chinese supply chain. China's trade with global south continue to increase. Now, the Europeans don't realize that they are receding into complete irrelevance by acting as NATO mouth piece.
so this is the level of current Chinese solar market dominance. Keep in mind that some of that other capacity for cell and modules are simply chinese companies setting up in other countries. So in terms of tech, China has this entire supply chain covered.
I've often talked about to not focus too much on semiconductor and this is part of the reason. China has a good chance of completely controlling wind power and hydrogen supply chain in the next 10 years. Same with shipbuilding, EVs, batteries and others.
I've often talked about to not focus too much on semiconductor and this is part of the reason. China has a good chance of completely controlling wind power and hydrogen supply chain in the next 10 years. Same with shipbuilding, EVs, batteries and others.