Chinese Economics Thread

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StraightEdge

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Interesting trend from China's just released 5th census data (第五次全国经济普查公报):

Financial Industry: 12.355M employed by 2023, down 32% (~5.8M fewer jobs since 2018).
IT and Software: 15.067M employed by 2023, up 51.4% (~5.1M more jobs since 2018).
Real estate: 14.398M employed by 2023, up 14% from 2018, with diverging trends:
Property development: down 27% (2.713M)
Property management: up 34.1% (8.543M)
Intermediary services: up 18% (1.867M) likely driven by structural change in the sector - shift from construction to managing and trading existing properties.

Source:
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TK3600

TK3600

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GulfLander said:
"It is the first time the census has included data on emerging industries such as the digital economy.

The census covered the secondary and tertiary industries led by wholesale and retail with more than 10 million entities, rental and business services with 4.6 million entities, and manufacturing with more than 4 million entities.
Forestry, farming, and fishery of the primary industry are excluded."

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Western economists: I ToLd YoU CHYNA fAkeD tHeIR DatA!!!!
 
S

StraightEdge

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China is gearing up for the takeoff of its low-altitude economy, which is expected to soar in 2025, providing a platform for future growth.
Its National Development and Reform Commission (NDRC) has set up a new department, the Low-Altitude Economy Development Division, to coordinate the policies, plans and infrastructure needed to advance the low-altitude economy.

The emphasis is on integrated management and innovation in areas such as airspace regulation, intelligent networks and sustainable development.

The low-altitude economy refers to the portion of airspace that extends up to 1 kilometer (0.6 miles) and encompasses all airborne economic activity within this sphere, including drones, air taxis and smart city applications.

Responsibility for this airspace spans a number of agencies, including the Air Force, and the new division will act as a coordinating body to formulate and implement development strategies, medium- and long-term planning, policy recommendations and other issues that may arise in the rapidly growing sector.

In April, Jin Xiandong, director of the NDRC Policy Research Office, identified the challenges China faces as its nascent low-altitude economy gains momentum. These include top-level design, safety oversight and infrastructure development and he emphasized the importance of cross-departmental collaboration in fostering healthy and sustainable growth.

Provincial governments have already started work in this area. Guangdong province, for instance, introduced a three-year action plan in May that prioritizes airspace coordination, pilot programs, infrastructure networks and intelligent systems.

At the Greater Bay Area Science Forum in November, Chen Zhijie, an academic at the Chinese Academy of Engineering, confirmed plans for the new division emphasizing the government’s commitment to the low-altitude economy. Chen, who leads a national laboratory on air traffic management, underscored the division’s critical role in addressing challenges and advancing innovation.

The division will make infrastructure development a priority. Recent meetings involving the Ministry of Natural Resources, the Ministry of Ecology and Environment and state-owned enterprises have discussed strategies for orderly infrastructure construction.

The division is also looking to build a low-altitude intelligent network system which will integrate 5G technology to provide comprehensive communication, navigation and monitoring of low-altitude airspace, laying the foundation for high-density integration of various aircraft.

Local governments, including Shenzhen, Hefei and Zhuhai, have begun building intelligent network systems for the low-altitude economy. In Shenzhen, a partnership with the International Digital Economy Academy has produced the Smart Integrated Lower Airspace System, with its pilot version unveiled in November.
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K

KingBroward

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pipaster said:
Xerox to buy Lexmark for $2 billion dollars from a Chinese consortium who bought the company for $3.6 billion in 2016.

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The waning days of Chinese FDI in the United States for a long while. Once actively courted by the federal government and state economic development offices, now a politically radioactive bomb no one wants to touch with a 30 foot pole
 
B

Biscuits

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KingBroward said:
The waning days of Chinese FDI in the United States for a long while. Once actively courted by the federal government and state economic development offices, now a politically radioactive bomb no one wants to touch with a 30 foot pole
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US is far too unstable nowadays, not to mention they got a poor humanitarian reputation even due to Israel.

It's funny watching the current MAGA meltdown but for investors? Yeah it's a chernobyl. One random tweet in modern America can set off a horde of retarded nationalists and then suddenly the consensus is that all H1B need to be banned. I mean I agree as anyone else, Indian immigrants are low quality as fuck, but it's bad procedure to let emotions guide a whole economy ffs!

Only gonna get worse when Trump's base gets more boldened. The best move for China is to treat them like Indians: always payment before goods delivery, always payment in gold or other desirable easily exchanged materials. No credit, no investment, no financial support!
 
H

henrik

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Biscuits said:
US is far too unstable nowadays, not to mention they got a poor humanitarian reputation even due to Israel.

It's funny watching the current MAGA meltdown but for investors? Yeah it's a chernobyl. One random tweet in modern America can set off a horde of retarded nationalists and then suddenly the consensus is that all H1B need to be banned. I mean I agree as anyone else, Indian immigrants are low quality as fuck, but it's bad procedure to let emotions guide a whole economy ffs!

Only gonna get worse when Trump's base gets more boldened. The best move for China is to treat them like Indians: always payment before goods delivery, always payment in gold or other desirable easily exchanged materials. No credit, no investment, no financial support!
Click to expand...

The yankees are going to pay in bitcoin, as trump is making bitcoin the reserve currency. China should now reconsider mining for bitcoin.
 
K

KingBroward

New Member
Registered Member
Biscuits said:
US is far too unstable nowadays, not to mention they got a poor humanitarian reputation even due to Israel.

It's funny watching the current MAGA meltdown but for investors? Yeah it's a chernobyl. One random tweet in modern America can set off a horde of retarded nationalists and then suddenly the consensus is that all H1B need to be banned. I mean I agree as anyone else, Indian immigrants are low quality as fuck, but it's bad procedure to let emotions guide a whole economy ffs!

Only gonna get worse when Trump's base gets more boldened. The best move for China is to treat them like Indians: always payment before goods delivery, always payment in gold or other desirable easily exchanged materials. No credit, no investment, no financial support!
Click to expand...
In 2023, there was $149 billion of new foreign direct investment in the US economy
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