Chinese Economics Thread

[broadsword]

I'm waiting for the Xiaomi Mi4. I can put the savings to good use by buying accessories and apps.

 

[mr.bean]

I didn't know DJI was actually founded by a chinese person as well as being based in china.

Their products definitely seem to be popular, and their marketing is very slick. Not bad, not bad at all.

that thing is selling for approx. USD$1400 that's very affordable to a lot of tech geeks who likes cool toys like that. I can imagine them selling a lot.

 

[Equation]

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This is why the Vietnamese shouldn't be bragging about stealing outsourced jobs from China. If Chinese aren't buying them, that's going to affect Samsung's operations especially in regards to Vietnam since the Vietnamese already literally attacked Samsung bosses before and later including the riots that burned down foreign factories.

I already see the attack of fear on Xiaomi in the media. There was a recent story of spyware in Xiaomi phones and also how it's a rip-off of Apple. You mean like Samsung? But you know the difference is China is the largest smartphone market in the world. Xiaomi phones will likely have difficulty penetrating Western markets thus China can create the same difficulties for them.

I wouldn't be surprise if Vietnamese or any other Southeast Asians would soon be buying Xiaomi smart phones over Samsung or Apple because of it's quality for that kind of price. Big names smart phone companies are just getting too expensive for developing countries market.

 

[ahho]

I wouldn't be surprise if Vietnamese or any other Southeast Asians would soon be buying Xiaomi smart phones over Samsung or Apple because of it's quality for that kind of price. Big names smart phone companies are just getting too expensive for developing countries market.

IMO, other than quality and price of the Xiaomi phone that is attracting customer, the others would good firmware support and online community. Example of company that failed in the early days was Sony, Motorola and later days, HTC, where they created multiple version of android phone, providing no firmware update. That really left a bad taste to consumer, especially in the Asian community, where a smartphone is still a big purchase. These made Xiaomi stand out even among its Chinese peer. (The only brand of Chinese phone that really have updates are OPPO and Meizu, where both of them are more expensive) Too bad it is not thinking of entering the North American market

 

[solarz]

This article is absolutely hilarious:

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Cisco and other big U.S. tech companies have held out China as "the" huge market of the future. But as China becomes more confrontational toward U.S. business, that perception is changing.

With Cisco reporting earnings after the bell Wednesday, analysts aren't expecting much good news when it comes to the Chinese market.

And companies like Cisco are counting on China to be a huge source of growth.

IBISWorld says the Chinese information technology market will reach $111 billion this year, and that would be a 7 percent increase over last year.

Cisco tells CNBC that China accounts for less than 5 percent of Cisco's total global revenues, but that's still close to $2 billion.

And the slump in China isn't a new trend. The networking giant has seen it's business in China moving downward for the past few quarters.

Read More China calls for 'severe punishment' for US tech firms
Cisco executives have publicly blamed the company's disappointing results, in part, on disclosures about surveillance activities by the National Security Agency, which they say worry Chinese customers.

But the Chinese state media is also fanning the flames of concern.

It has said that Beijing should "punish the pawns" of the U.S. government, and specifically pointing to Cisco, Microsoft, Google, Yahoo and Facebook.

Analysts say it's all about promoting domestic tech companies such as Huawei, Lenovo and ZTE over foreign rivals.

"This is an opportunity for the Chinese government to say, 'Hey, we have no concerns about our own products.' And it's a way for China to promote their own indigenous products and drive those products forward," said Crawford del Prete, IDC chief research officer.

And it's not just Cisco that's in Beijing's crosshairs. IBM, Microsoft and Qualcomm are also facing challenges in China.

Restricted access to the Chinese high tech hardware market has financial ramifications on big tech.

RBC Capital Markets' Mark Sue said it's not just about the loss of sales in China that is disturbing.

Sue said China is being very aggressive and protectionist, and while Cisco and other big U.S. tech companies were counting on rapid growth in China, it doesn't look like they will be able to deliver to investors any time in the near term.

Sue added that the Edward Snowden-NSA affair has had "a lingering impact on purchases, and the current environment is not conducive for vendors."

 

[AssassinsMace]

Some in the media totally ignore that Beijing's scrutiny over foreign tech companies has anything to do with the NSA scandal. They spin it to be about China's unfair trade practices. They totally ignore this has been the main practice towards Chinese companies wanting to get into Western markets. Europe shouldn't be complaining either since they always follow. Beijing's problem is they allowed this imbalance to happen and not act in turn immediately. They wait like what's happening now and Western countries have already accepted the imbalance as the norm so if China tries to correct the imbalance later they can spin it to look like China fired the first shot.

 

[Blackstone]

IMO, other than quality and price of the Xiaomi phone that is attracting customer, the others would good firmware support and online community. Example of company that failed in the early days was Sony, Motorola and later days, HTC, where they created multiple version of android phone, providing no firmware update. That really left a bad taste to consumer, especially in the Asian community, where a smartphone is still a big purchase. These made Xiaomi stand out even among its Chinese peer. (The only brand of Chinese phone that really have updates are OPPO and Meizu, where both of them are more expensive) Too bad it is not thinking of entering the North American market

I looked at Xiaomi phones closely while in Shanghai, and was amazed how much features, functions, and quality you get for about 1,000 RMB. I fully expect Xiaomi to hit it big, first displacing Samsung in China, then take big market shares outside China. It's astounding how far the company has come along in four short years, and it isn't just copying either, there's true innovation going on there. Look for the phones in US stores soon, but I'm not sure about the spywares though.

 

[Equation]

I looked at Xiaomi phones closely while in Shanghai, and was amazed how much features, functions, and quality you get for about 1,000 RMB. I fully expect Xiaomi to hit it big, first displacing Samsung in China, then take big market shares outside China. It's astounding how far the company has come along in four short years, and it isn't just copying either, there's true innovation going on there. Look for the phones in US stores soon, but I'm not sure about the spywares though.

If when Xiaomi opens in the US who is going to be the carrier? Will it be AT&T, T-Mobile, Verizon, or Sprint. Man I hope it's not Sprint, their signals suck.

 

[ahho]

I don't think they are coming to Canada or North America any time soon. I forgot where I read their news, they are targeting Mexico and South America.

The phone does look nice. The concept is very simple, create a phone with the highest spec and sell it with a low price. Provide support and update (very important for a successful smartphone manufacturer, since you are targeting price conscious customer) and sell accessories (Heard they also make a lot of money from their emoticons dolls).

Also about the backdoor that someone found. F-secure did indeed found a backdoor type problem. After the report being analyzed by another group, they say that it was something similar to Apple's Iphone where the iCloud service would send data back to a server. Same thing for XiaoMI, but the problem with it is that it was auto on, unless you disable it, and the data was not encrypted.

 

[A.Man]

This article is absolutely hilarious:

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This is a part of West disinformation.