Chinese Economics Thread

[AssassinsMace]

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In this same interview US Ambassador to China Nicholas Burns says US companies are fleeing and not investing in China and yet he says also none of them are leaving because they don't want to abandon a 1.4 billion person market. All the companies that are still in China are investing into expansion in China.

The US has to lie to everyone in the world to keep everyone in-line. They can't even keep their promises to the island of Palau because they're now threatening to run over to China because the US is not keeping their word for being virulently being anti-China for them. Now how much pocket change was it the US couldn't afford to give them? And the US thinks it's doing great when they can't even give its own closest allies an economic boost by giving them more market access? If the US is doing great, they would be able to do these things with ease but they can't.

 

[siegecrossbow]

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In this same interview US Ambassador to China Nicholas Burns says US companies are fleeing and not investing in China and yet he says also none of them are leaving because they don't want to abandon a 1.4 billion person market. All the companies that are still in China are investing into expansion in China.

The US has to lie to everyone in the world to keep everyone in-line. They can't even keep their promises to the island of Palau because they're now threatening to run over to China because the US is not keeping their word for being virulently being anti-China for them. Now how much pocket change was it the US couldn't afford to give them? And the US thinks it's doing great when they can't even give its own closest allies an economic boost by giving them more market access? If the US is doing great, they would be able to do these things with ease but they can't.

With so much money printed during and post pandemic you’d think that pocket change is one thing they have no shortage of.

 

[FairAndUnbiased]

If the Chinese have to manufacture cars in Europe, what will the prices be like, given that they have to employ European workers and European wages and follow European work rules, also the EU will likely require than something like 80 percent of the parts have to be sourced from the EU, so they will have to depend on the European supply chain, and not just import CKD and assemble them there.

Chinese work laws also make hiring and firing difficult so this is nothing new. China doesn't have US style at will employment. This means that they can plan around long term employee pools rather than constantly hiring, firing and retraining.

And EU doesn't mean Sweden or Germany. Hungarians have average wages around the equivalent of 1500 Euros per month.

 

[tphuang]

Xiaomi and Oppo are really pathetic. They are just passively waiting until the US also cuts their access to chips like lambs to the slaughter.
They should at least be funding the Chinese semi industry so they have actual alternatives.

Xiaomi has their own chip design team and are looking to design a medium end soc

oppo is a different story. Until SMIC can catch up to talc in process, there is no reason for non huawei oem to go 100% local

 

[sunnymaxi]

Xiaomi has their own chip design team and are looking to design a medium end soc

oppo is a different story. Until SMIC can catch up to talc in process, there is no reason for non huawei oem to go 100% local

Xiaomi recently released a ''2 Trillion RMB Plan'' to domesticized the supply chain as much as they can ..

even you also posted this news on semiconductor thread..

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Xiaomi Redmi announced a list of Chinese industry chain partners, including: TCL Huaxing, AAC, OV Howey Group, Lens Technology, Longqi Group, Sunwoda, Bourne, Visionox, Tianma, Sunny Optical, and Goodix Technology , Guanyu, Changxin Storage, Zhuosheng Micro, Awinic Electronics, Silicon Power, Weijie Chuangxin, Huaqin Technology, Wingtech Technology, Lingyi Intelligent Manufacturing, BYD Electronics, Tongda Group, OFILM, Goertek.

Redmi said that together with its partners in China's industrial chain, we believe that persisting in "hard-core innovation" is the proposition of the times, taking root in China and "linking" to the world is an inevitable choice, and "self-reliance and self-reliance while cooperating and opening up" is the only way to continue to develop. The rise of billion-level industrial clusters will reshape the global value chain.

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@gelgoog ..

 

[tphuang]

Xiaomi recently released a ''2 Trillion RMB Plan'' to domesticized the supply chain as much as they can ..

even you also posted this news on semiconductor thread..

----------------------------------------------------------------------

Xiaomi Redmi announced a list of Chinese industry chain partners, including: TCL Huaxing, AAC, OV Howey Group, Lens Technology, Longqi Group, Sunwoda, Bourne, Visionox, Tianma, Sunny Optical, and Goodix Technology , Guanyu, Changxin Storage, Zhuosheng Micro, Awinic Electronics, Silicon Power, Weijie Chuangxin, Huaqin Technology, Wingtech Technology, Lingyi Intelligent Manufacturing, BYD Electronics, Tongda Group, OFILM, Goertek.

Redmi said that together with its partners in China's industrial chain, we believe that persisting in "hard-core innovation" is the proposition of the times, taking root in China and "linking" to the world is an inevitable choice, and "self-reliance and self-reliance while cooperating and opening up" is the only way to continue to develop. The rise of billion-level industrial clusters will reshape the global value chain.

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@gelgoog ..

Of course they are trying to do it. Everyone is trying to do it. Nobody is really oblivious to what’s going on. But there are obvious constraints too

Cxmt doesn’t have lpddr5 yet. Omnivision capacity for ov50 series is limited. People need to be patient

 

[supercat]

In this same interview US Ambassador to China Nicholas Burns says US companies are fleeing and not investing in China and yet he says also none of them are leaving because they don't want to abandon a 1.4 billion person market. All the companies that are still in China are investing into expansion in China.

KFC is doing well in China. McDonald's will open 1,600 new stores globally in 2024, of these, 1,000 will be in China, while Burger King will open 200 new stores in China.

https://twitter.com/i/web/status/1755156822279782460

https://twitter.com/i/web/status/1755062581172047912

Burger King to Open Over 200 New Stores in China Next Year, Report Says

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The decoupling with China has been exaggerated.

China de-linking talk is overdone and it’s still key to the global economy, Asian Development Bank says​

• China is still the leading trading partner for many countries, and the narrative it being delinked from the global economy is overdone, says the ADB.
• China’s trade with its major partners fell in 2023 — its annual exports dipped for the first time in seven years.
• Although there have been parts of overall trade with China that have declined, the country’s engagement and importance in the global value chain has not diminished, said ADB’s chief economist.

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China has been pivoting to the Global South anyway.

https://twitter.com/i/web/status/1762147195200159927

China’s plan to reshape world trade on its own terms​

Friction with the west has prompted Beijing to build its own alternative system focused on developing nations

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[FairAndUnbiased]

KFC is doing well in China. McDonald's will open 1,600 new stores globally in 2024, of these, 1,000 will be in China, while Burger King will open 200 new stores in China.

https://twitter.com/i/web/status/1755156822279782460

https://twitter.com/i/web/status/1755062581172047912

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The decoupling with China has been exaggerated.

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China has been pivoting to the Global South anyway.

https://twitter.com/i/web/status/1762147195200159927

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Junk food is junk. Traditional Chinese restaurants are being suppressed.

 

[Zhong"Geodaddy"Li]

Junk food is junk. Traditional Chinese restaurants are being suppressed.

Tastien uses traditional Chinese handmade bao to make modernized roujiamo and went from nonexistent to more stores than McDonald’s in China within the span of 4 years.

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[B.I.B.]

Junk food is junk. Traditional Chinese restaurants are being suppressed.

I don't get to eat Asian food much and now with the introduction of MacDonalds Happy meals for Adults, I will be eating less and the toys are great,

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