Chinese Economics Thread

[KYli]

As I have said before, there are a ton of jobs available in factories and in need of high skills blue collar workers. For recent unemployed college graduates in low tier colleges or universities, high skill factory jobs offer long term job security instead short term gig jobs.

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But the Ministry of Human Resources and Social Security estimates that by 2025, nearly 30 million manufacturing roles will go unfilled, nearly half of all jobs in the sector.

 

[Rafi]

As I have said before, there are a ton of jobs available in factories and in need of high skills blue collar workers. For recent unemployed college graduates in low tier colleges or universities, high skill factory jobs offer long term job security instead short term gig jobs.

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But the Ministry of Human Resources and Social Security estimates that by 2025, nearly 30 million manufacturing roles will go unfilled, nearly half of all jobs in the sector.

Most of these jobs will go to robots in the next 5 to 10 years

 

[KYli]

Most of these jobs will go to robots in the next 5 to 10 years

Most of Chinese construction and factory workers are over 40. Even with automatic and robots adoption, China still needs many highly skilled blue collar workers to fill up all the vacancy.

 

[Rafi]

Most of Chinese construction and factory workers are over 40. Even with automatic and robots adoption, China still needs many highly skilled blue collar workers to fill up all the vacancy.

It's not a big deal, with such a huge population they will manage, the CPC have everything in hand

 

[Jiang ZeminFanboy]

No property tax short term

https://twitter.com/i/web/status/1703671406947672190

 

[tphuang]

alibaba plans to invest $2B in Turkey

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looks like this is going through a Turkish e-commerce giant that it owns

 

[BoraTas]

alibaba plans to invest $2B in Turkey

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looks like this is going through a Turkish e-commerce giant that it owns

Then there is this. To summarize Turkey and China had "positive talks" regarding the third NPP of Turkey. Talks were ongoing for a few years, but now, it looks likelier than ever. It will become the biggest infrastructure export of China if it happens. The Turkish press release also mentions the BRI several times.

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The date of this announcement and the mentions of BRI probably mean it is in response to this. It would be funny if China gets to export 4 nuclear reactors because of this vaporware.

 

[tamsen_ikard]

No property tax short term

https://twitter.com/i/web/status/1703671406947672190

Undersandable in the current situation but sad for long term Chinese economic health. They need to put property tax to end extreme obsession with properties among the Chinese public. Properties are used as a store of money instead of solid investments or place to stay.

Stocks should be the primary investment vehicle and that will enable Chinese companies to raise more money and invest towards higher technology and market share.

 

[tphuang]

https://twitter.com/i/web/status/1703629431762497820

https://twitter.com/i/web/status/1703689166167679155

https://twitter.com/i/web/status/1703663768771907791

Lots of interesting data coming out over night.

Seems to me that china is doing a lot of imports of hydrocarbon here and exporting refined products like diesel, gasoline and fertilizer as eu cuts down on its imports from Russia.

The increased economic activity shows that things are trending in the right direction

 

[tphuang]

Then there is this. To summarize Turkey and China had "positive talks" regarding the third NPP of Turkey. Talks were ongoing for a few years, but now, it looks likelier than ever. It will become the biggest infrastructure export of China if it happens. The Turkish press release also mentions the BRI several times.

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The date of this announcement and the mentions of BRI probably mean it is in response to this. It would be funny if China gets to export 4 nuclear reactors because of this vaporware.

View attachment 118903

yep and this

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There are definitely some economic opportunity between the two sides given the current Biden policy of alienating Turkey

behind paywall copy

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The head of the Chinese giant, Michael Evans, made the announcement after the meeting in Istanbul on Friday,according to a statement from its Turkish unit

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. He indicated that the company has “confidence in Turkey’s sound economic fundamentals” and has already invested $1.4 billion in the country through Trendyol, Turkey’s biggest e-commerce marketplace.

Trendyol said Alibaba has 76.1% stake in the e-commerce operator.