Chinese Economics Thread

wuguanhui

Junior Member

Why is Shenzhen, China’s balmy southern tech hub, becoming a skiing destination?​

World’s largest indoor ski resort part of efforts to boost consumption by promoting winter sports​

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This facility requires a lot of electricity. This shows China's superior power generation capability.

This is going to be filled with Hong Kongers on weekends. :D
 

Michael90

Junior Member
Registered Member
Industrial profits recovered sharply in August, up 20.4% YOY. Major reversal from the 1.5% decline YOY reported in July. This takes profits from January-August to 0.9% growth, again a recovery from the January-July figure of 1.7% drop.



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Seems Xi policy of cracking down on never ending price war is finally paying off. Which is a good thing for industry/companies.
 

Michael90

Junior Member
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Very informative. I think that’s where the real transformation has really taken place for China, the increase in market share in robots (the machine that builds the machine) in the local market is a major success since they now constitute just over half of the market in this crucial industry. The good thing is that it means they still have a large room to grow and capture more market share from western and Japanese brands in this sector. Especially in the auto sector where their market share is still low. I’m sure in 3 years they will dominate completely the domestic market and thus the world since China is by far the largest market, so dominating Chinas market means dominating the worlds market in this sector.
 

supercat

Colonel
Glenn continues to rebut the China EV overcapacity myth.

Michael Pettis was the one who "predicted" in the early 2010s that China's average annual growth rate would be 2-3% in the next decade. About 15 years later, like uncle Gordon, he refuses to make any correction and is still at it.

What we get wrong about China​

An interview with Michael Pettis
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