Chinese Economics Thread

[GulfLander]

Seems the export controls are having an immediate effect. Ideally, I would prefer to see them dropped after other countries start making investments in alternative sources, to drive competitors out of business and maximize their losses.

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Shldnt it be expected from their side tho, like trump1.0 tradewar will just continue?

 

[zbb]

Domestic tourism in 2024 up 14.8% YoY in terms of number of trips and 17.1% in terms of tourism spending.

In what kind of economic collapse do people massively increase spending on tourism and recreational activities?

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Chinese movie box office smashing records over the Chinese New Year period. China economic collapse confirmed again!

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Ushering in the Year of the Snake,

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’s Spring Festival 2025 has set a new record for box office during the annual holiday period. Total Mainland grosses reached RMB 9.51B ($1.3B) from January 28-February 4. This outstrips the previous record of RMB 8.02B.

 

[siegecrossbow]

Chinese movie box office smashing records over the Chinese New Year period. China economic collapse confirmed again!

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It’s carried so hard by Nezha 2 that it isn’t even funny.

 

[GulfLander]

It’s carried so hard by Nezha 2 that it isn’t even funny.

Was it the only "good" movie in this holiday? Bcoz i read some complaints in douyin(translated in google translate) complaining abt the other movies? Ofc its just few vids, not sure if its even what majority think..

 

[siegecrossbow]

Was it the only "good" movie in this holiday? Bcoz i read some complaints in douyin(translated in google translate) complaining abt the other movies? Ofc its just few vids, not sure if its even what majority think..

Chinatown 3 is okayish but what really elevated it is the amount of underlying anti-US propaganda that caused incredible amounts of seething among Chinese liberals. For starters, the whole plot got kicked off because of an AMWF relation gone wrong.

 

[Jiang ZeminFanboy]

Interesting, half of Guangdong is stagnating, look at Guangzhou and Foshan GDP growth

https://twitter.com/i/web/status/1884838433979547830

After another year the GDP difference between Guangdong and Jiangsu is getting again smaller

https://twitter.com/i/web/status/1881220116467355769

 

[tygyg1111]

Chinatown 3 is okayish but what really elevated it is the amount of underlying anti-US propaganda that caused incredible amounts of seething among Chinese liberals. For starters, the whole plot got kicked off because of an AMWF relation gone wrong.

Putting it at the top of my to watch list

 

[Eventine]

Guangdong - and the Pearl Delta in general - was the heart of the export industry. It made its money mainly through manufacturing and trade, especially with Hong Kong next door as the city of choice for foreign businesses' Chinese operations. Now that China is relying less on trade, out sourcing more of its manufacturing, and foreign businesses are being replaced by domestic competitors, it isn't particularly surprising that the provinces with the better universities and R&D ecosystems are out competing Guangdong.

Mind you, Shenzhen is doing just fine, but Guangdong as a whole is reaching the end of its cycle. It'll need to invent itself again in the new Chinese economy.

 

[GulfLander]

Guangdong - and the Pearl Delta in general - was the heart of the export industry. It made its money mainly through manufacturing and trade, especially with Hong Kong next door as the city of choice for foreign businesses' Chinese operations. Now that China is out sourcing more and more manufacturing to Southeast Asia and focusing more on high technology and R&D, it isn't particularly surprising that the provinces with the better universities and R&D ecosystems are rising.

Mind you, Shenzhen is doing just fine, but Guangdong as a whole is reaching the end of its cycle. It'll need to reinvent itself in the new Chinese economy.

Will completion of Pinglu Canal in Guangxi after Guangdong? The canal could divert cargo vessels to beibu gulf instead of pearl delta... giving inner guangxi province access to the seas...(also will the cargo canal elevator in Yunnan being constructed also flow to guangxi?)

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[Jiang ZeminFanboy]

Guangdong - and the Pearl Delta in general - was the heart of the export industry. It made its money mainly through manufacturing and trade, especially with Hong Kong next door as the city of choice for foreign businesses' Chinese operations. Now that China is relying less on trade, out sourcing more of its manufacturing, and foreign businesses are being replaced by domestic competitors, it isn't particularly surprising that the provinces with the better universities and R&D ecosystems are out competing Guangdong.

Mind you, Shenzhen is doing just fine, but Guangdong as a whole is reaching the end of its cycle. It'll need to invent itself again in the new Chinese economy.

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I don't think export was the problem last few years for Guangdong, this segment was one of the bright spot in its economy last year.

Investment in Guangdong’s housing sector was down 18.2 per cent last year from 2023, while sales of new homes plunged by 21.8 per cent in floor space terms, the bureau said

The province is home to several large property developers mired in severe financial difficulties, including Evergrande and Country Garden.
The fate of another major Guangdong developer, Shenzhen-based Vanke, has also been in question in recent weeks, as its share price dropped to record lows amid rumours that its CEO, Zhu Jiusheng, had been taken away by the police.

Guangdong also saw retail sales grow a paltry 0.8 per cent, in line with the weak consumption figures recorded elsewhere in China last year.
However, the province witnessed a 9.8 per cent increase in trade, as the region accounted for over one-fifth of the country’s total imports and exports, data suggested.

Guangdong’s exports grew by 8.4 per cent and imports increased by 12.5 per cent.