Chinese Economics Thread

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SanWenYu

Captain
Registered Member
tphuang said:
that is completely not true. Why do you think Xiaomi invested so much money into smart ACs?
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Not a good example IMO. Xiaomi might have tried to catch the wind while the housing market was hot.

Now the housing market has cooled down, depending on whether their products are attracting more existing appliance owners for upgrade than the first time buyers, it is questionable how much Xiaomi is helping grow the markets.

In other words, in the markets of AC, Xiaomi might be helping upgrade more than expanding.
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
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https://twitter.com/i/web/status/1827794893353197622

Diesel and gasoline demand have either peaked or are close to peaking.

We are probably getting close to peak crude demand. The main growth driver are petrochemical related. Now, if they can only switch more of that to green hydrogen, ammonia and methanol as input.

Energy independence is important.
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
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SanWenYu said:
Not a good example IMO. Xiaomi might have tried to catch the wind while the housing market was hot.

Now the housing market has cooled down, depending on whether their products are attracting more existing appliance owners for upgrade than the first time buyers, it is questionable how much Xiaomi is helping grow the markets.

In other words, in the markets of AC, Xiaomi might be helping upgrade more than expanding.
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well, I don't know the market dynamics but from this, it looks like there are over 800 million AC units in China. That sounds like quite a bit to me.

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PeoplesPoster

Junior Member
SanWenYu said:
If I am understanding the debate correctly, it was the growth rate that is in question. No one doubts the size of the existing AC installions in China.
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No the debate was that someone claimed houses in Beijing dont require AC because it dosent get hot in northern china, while anyone who has ever been to Beijing in the summer will know thats complete nonsense.
 
FairAndUnbiased

FairAndUnbiased

Brigadier
Registered Member
PeoplesPoster said:
No the debate was that someone claimed houses in Beijing dont require AC because it dosent get hot in northern china, while anyone who has ever been to Beijing in the summer will know thats complete nonsense.
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Guess I'm just not as soft as some people. Was in Beijing pre-Olympics.
 
FairAndUnbiased

FairAndUnbiased

Brigadier
Registered Member
Staedler said:
Temperatures have gotten much hotter since then. Peak temperatures (real feel) in Beijing is higher than Hong Kong these days, although Hong Kong is still champion by far of long summers. Even Hong Kong has gotten significantly hotter than pre-Beijing Olympic days.
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I see, climate change has a big effect.
 
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