antiterror13
Brigadier
Does it mean that Huawei now has managed to localised all the chips on 5G stations ? I thought there was one or two chips that need to be on 7nm ?
Chinese Economics Thread
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Does it mean that Huawei now has managed to localised all the chips on 5G stations ? I thought there was one or two chips that need to be on 7nm ?
Sir remember TSMC delivery of millions of unfinished 7nm and 5nm chips before the deadline and subsequent offloading of Honor? How many chips are needed for a 5G base station? maybe 1? It's only 3 years when TSMC stop selling chips to Huawei and from that day on Hisilicon is working hard to domesticated, first by doing the packaging themselves and working with SMIC and maybe in 2024 they will have a operational 7nm FAB in PWX.
The request for the anti-dumping investigation was filed by the Jiangsu Chemical Industry Association, a major domestic producer that holds more than half of the Chinese market share.
“To seize or maintain market share in China, US manufacturers have begun to adopt a price-cutting strategy to dump large quantities of propionic acid products into the Chinese market, and this has had a serious impact – and damaged – the domestic industry,” the ministry-issued document said.
Propionic acid is commonly used in foods, pesticides, pharmaceuticals and drug intermediates. It inhibits the growth of mould and some bacteria – acting as a common preservative.
There are three main mistakes Western economists like Pettis make about Chinese consumption
1- Thinking all house purchases are investment
In a still urbanizing country like China, a real estate purchase is consumption. They are ultimately bought for living in rather than for capital gains. Yes, there are areas with massive real estate speculation in China, but you can't deny a lot of the real estate purchases are by people who intend to live in what they buy.
2- Ignoring in-kind transfers
In China, it is common for some businesses to provide accommodation for their employees. Especially factories in large cities do this a lot. It is also common for the Chinese government to pay for education expenses. This kind of services by the government and employers account for 7% of the Chinese economy. By Western calculation, most of this is investment by the govt and corporations.
3- Thinking that high exports are a result of wage suppression rather than competitiveness
Deserves no answer, really.
This Michael Pettis is a great example of why economists should not be taken seriously. He lives in China, collecting a Chinese salary, and predicts China's downfall. Except, if China is gonna collapse, why is he still living on that sinking ship?
At least Kyle Bass put the money with his predictions even if he lost all of it.
@horse bro Game set match China!!!! ...lol Huawei decision to drop the smartphone business and focus on 5G infrastructure is the correct strategy. For the Neocons and US political elites, may you lived in interesting times.
China gets to work.
US media gets to get it all wrong as always.
Nokia and Ericsson's share prices and profits were supposed to go to the moon once Huawei and ZTE were banned in the West, Japan, and India, but it looks like the laggards can't be helped because the market works differently from what the lawyers in Washington think .
Sure, they are partly victims of a slowing Western economy but it's now clear that Huawei would have buried them in their home markets too
IPO proceeds in H1 2023 (in billions of USD) :-
China - $31 Billion
USA - $11 Billion
UAE - $4 Billion
Indonesia - $2.8 Billion
Hong Kong - $2.1 Billion
Japan - $1.9 Billion
India - $0.1 Billion
China dominates the world, accounting for whopping 50% of global funds raised!
China = 3x USA
China was #1 in IPO last year as well. first times surpassed USA in 2022.
This is Hugeeeee
China - $31 Billion
USA - $11 Billion
UAE - $4 Billion
Indonesia - $2.8 Billion
Hong Kong - $2.1 Billion
Japan - $1.9 Billion
India - $0.1 Billion
China dominates the world, accounting for whopping 50% of global funds raised!
China = 3x USA
China was #1 in IPO last year as well. first times surpassed USA in 2022.
This is Hugeeeee