Chinese Economics Thread
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supercat
Colonel
I didn't know Japan's global auto sales is around 25 million a year. It seems to be overestimated. On the other hand, China's overall annual auto sales including commercial vehicles should be more than 31 million instead of 27 million. From Nikkei Asia:
Lethe
Captain
They are probably counting at least some joint venture sales in China as Japanese sales: "Sales were attributed by country based on company ownership ratios. For 50/50 joint ventures, the country of the manufacturer associated with the brand name at the time of sale was used."
China surpassed Japan as world's largest vehicle exporter in 2023, but many Japanese brands manufacture a considerable proportion of their vehicles outside of Japan, in nations such as Mexico, Thailand, and indeed China. So it is not surprising that there is a lag between achieving the two milestones, despite China's domestic market being much larger than Japan's.
Yes, a good chunk of Japanese and American sales were cars made in China for Chinese market (until very recently of course). Conversely, the "Chinese cars" are increasingly less and less made in China as overseas facilities are being expanded. This is more a graph of brand power rather than production or sales.
Official December PMI surprises to upside:
S&P/RatingDog also at 50.1 for manufacturing:
S&P/RatingDog also at 50.1 for manufacturing:
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This is one of the most hardest decision party has taken in this century. popped a real estate bubble and turned investment towards industry and High tech.
Just last month we minted Two New Billionaires in semiconductor industry. Moore Thread and MetaX
The Hurun China Rich List 2025 reflects broader shifts in China’s economy and policy focus. 7 years ago, real estate developers made up a third of the top 100. Now there’s only one at no. 99.
Just last month we minted Two New Billionaires in semiconductor industry. Moore Thread and MetaX
The Hurun China Rich List 2025 reflects broader shifts in China’s economy and policy focus. 7 years ago, real estate developers made up a third of the top 100. Now there’s only one at no. 99.
The population is too addicted to bottled water, which is a parasitic industry that massively increases exposure to poorly understood health risks (microplastics).
supercat
Colonel
At least 5% GDP growth, approx. $1.1 trillion trade surplus, 4.4% RMB/CNY appreciation, stock markets rose 18.4% - 49.6%, despite a full-blown trade war with the Trump regime: 2025 is not too shabby for China.
China is cutting back on some import tariffs to encourage high tech industries.