Chinese Economics Thread
- Thread starter Norfolk
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The economic consensus that low consumption = high savings rates + low social security is merely a means to justify the high consumption levels in the United States.
The OECD is just a facade. When people compare the US with the OECD, they'll shout about American exceptionalism.
Economics isn't a science that explores what's right, but rather a discipline that defines what's right. Like the Chicago School of Sinology
Change the keywords to "US" and "tariffs."
IMF: Well done, Mr. President. Thank you, Mr. President. In fact, we need more, Mr. President.
key to consumption led growth in china is a positive wealth effect via equity mkts and property sector price stabilization
The IMF keeps giving billions of loans to Ukraine. Even through their own policies forbid it.
Idk, kinda lackluster growth for Huawei. I am not sure they sold a lot of Al chips in 2025, the production it seems is not there yet. Maybe 2026 will be finally the year of Ascend chips? We will see if that's the case if 2026 RMB revenue will exceed 1T.
Should wait for a business unit breakdown. I'm actually surprised there was positive growth.
Huawei's smartphone business struggled in early/mid 2025 since they moved the OS to native Harmony causing many users to wait-and-see until it matures before buying. Pura 80 missed expectations, but Mate 80 released with a lower price and more mature OS ecosystem and sold very well, but released very late in the year so may not be well reflected in 2025 numbers.
From what I’ve read Ascend chips are around 60 percent the inference performance of H100 so there is still some catching up to do.