Chinese Economics Thread
- Thread starter Norfolk
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Wonder how Zhejiang is doing…
Its crazy how Alibaba really lost its shine. While just 5/6 years ago they were almost competing with the biggest US tech e commerce companies like amazon in valuation and global reach and were neck and neck with tencent. Now they have stagnated /fallen so much that even Temu's holding is nearing them in valuation and Tencent is going to almost twice their valuation.
It really shows we should never take things for granted and alot can change in a few years. I thought Aliabab will emerge the strongest before and even outgrow amazon . Seems Jack Mas fall was the beginning of their uninspiring performance.
Alibaba is still one of the big 2 in Chinese tech with investment and hands on pretty much every field of tech and software eco-system. if Chinese stocks were valued correctly then Alibaba will likely be a trillion dollar company by now.
As one of the people with a foot in both, I would say it's closer to 1.2:1 in T1 cities. Hong Kong is 3:1.
As a habit, I keep a itemized list of my expenses and have noticed that the refrain of $1 = 1 RMB in XHS works decently well.
China’s economy in 2024 continued to far outgrow the U.S.
By John Ross (Posted Feb 05, 2025)
This is an edited version of an article which originally appeared in Chinese at Guancha.cn.
High rates of fixed investment into the economy correlates to strong levels of growth.
Savings = loans = investments.
Gawd daynm!
Okay, that is the basic thing.
But how China does it, then it is interesting.
Because that road is winding and twisting.
The state owned bank, gives the money to the state owned enterprise, but then often they get beat silly by the private sector, who also got a loan from someone.
Anyways, lots of stuff to reflect on.
By John Ross (Posted Feb 05, 2025)
This is an edited version of an article which originally appeared in Chinese at Guancha.cn.
High rates of fixed investment into the economy correlates to strong levels of growth.
Savings = loans = investments.
Gawd daynm!
Okay, that is the basic thing.
But how China does it, then it is interesting.
Because that road is winding and twisting.
The state owned bank, gives the money to the state owned enterprise, but then often they get beat silly by the private sector, who also got a loan from someone.
Anyways, lots of stuff to reflect on.
A customer selects goods at a supermarket in Zaozhuang City, east China's Shandong Province, Feb. 9, 2025. China's consumer price index (CPI), a main gauge of inflation, was up 0.5 percent year on year in January, the National Bureau of Statistics (NBS) said Sunday. (Photo by Sun Zhongzhe/Xinhua)
BEIJING, Feb. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, was up 0.5 percent year on year in January, the National Bureau of Statistics (NBS) said Sunday.
The figure was up from the 0.1-percent increase registered last month, largely due to the influence of the Spring Festival holiday, said NBS statistician Dong Lijuan.
The core CPI, which excludes food and energy prices, rose 0.6 percent from a year ago in January, up from the 0.4-percent increase in December 2024.
On a monthly basis, the CPI expanded 0.7 percent in January, the data showed.
The NBS data also showed the country's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.3 percent year on year in January, flat with that in December last year.
On a month-on-month basis, the PPI dropped 0.2 percent in January.
A customer selects vegetables at a supermarket in Mengzi City, southwest China's Yunnan Province, Feb. 9, 2025. China's consumer price index (CPI), a main gauge of inflation, was up 0.5 percent year on year in January, the National Bureau of Statistics (NBS) said Sunday. (Photo by Xue Yingying/Xinhua)
A customer selects tomatoes at a supermarket in Zunhua City, north China's Hebei Province, Feb. 9, 2025. China's consumer price index (CPI), a main gauge of inflation, was up 0.5 percent year on year in January, the National Bureau of Statistics (NBS) said Sunday. (Photo by Liu Mancang/Xinhua)