Chinese Economics Thread

[tphuang]

Very reasonable accounting for tier 1/2 cities, but elsewhere in China 9000 RMB/month of take home income would be considered very high.

That's fair & there are a lot of people making lower than 5000 RMB/month in poorer provinces, but BYD factory jobs even in lower tier cities pay this much. 5000 RMB/month is around the lowest entry level salary in China's Auto industry based on the BYD job postings I have seen.

 

[tphuang]

https://twitter.com/i/web/status/2033180133452853281

China trade data for electricity is interesting. It’s getting a small amount of really cheap electricity from Myanmar and exporting electricity at much higher rates.

 

[tphuang]

https://twitter.com/i/web/status/2033246570305425477

China's largest land ports and world's largest sea port.

This just shows the size difference in terms of scale between rail and container ship transport.

 

[tphuang]

https://twitter.com/i/web/status/2033252541064945884

China's natural gas import from pipeline & LNG in 2025 by countries. Pipeline is just so much cheaper.

 

[PopularScience]

No more rural poverty. They can simply go to big cities as migrant workers.

talking about poverty, a mental illness/homeless from guangxi, working in brick factory, free accommodation and foods, received 2000 rmb montly salary.

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[Wrought]

The economy is off to a strong start for 2026. However this data is for Jan-Feb, so before any Middle East disruptions. We'll likely see worse results later in the year.

Industrial production climbed 6.3% in the January-February period from a year ago, according to data released by the National Bureau of Statistics on Monday. That’s the fastest growth since September, a performance that likely benefited from a surprising surge in exports early this year. Other segments of the economy that are more reliant on domestic demand also got off to a stronger start than expected. Retail sales rose 2.8% in the first two months — more than triple their gain in December — while fixed-asset investment unexpectedly expanded 1.8% after contracting for the first time on record in 2025.

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[Franklin]

I absolutely love this headline and the article is interesting too.

‘Autocracy 2.0’: How China Reinvented Tyranny for the Innovation Age

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[tphuang]

https://twitter.com/i/web/status/2033628707722564008

China's industrial production breakdown and vs last year for the first two months of this year.

 

[tphuang]

https://twitter.com/i/web/status/2033641221957001614

my thread on China's current base block for the plastics and chemical industry. How much comes from which feedstock and how much they import for these chemicals.

 

[supercat]

Best not to extrapolate yearly numbers from just two months.

Actually, the data from January-February are exceptions. Because of the Chinese New Year, the numbers for these two months are usually the lowest over the year, so overestimation of the annual output is unlikely to occur.

Why Michael Pettis is wrong:

Yu Yongding: There Is No “Consumption-Driven” Growth Model, and China’s Infrastructure Investment Is Far From Saturated​

Senior economist warns that China's consumption is being misread, growth is being misdiagnosed, and fiscal caution is holding back the economy.

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