Chinese Economics Thread
- Thread starter Norfolk
- Start date
It seems like South Korea is becoming a weak 'Western European' country for China conquering it without a single bullet shot like Russia likes to do. According to the Bank of Korea stats Chinese import and export shares hits the highest numbers in history with China getting 22% as South Korea's overall export partner and 16% in import. This makes South Korea a weak state considering that it's economy is based on export contrary to other well devoloped economies like France, Germany, Japan or US making it extremely vulnerable to Chinese demands which will sooner or later translete to politics in South Korea.
Well done from Chinese POV I must admit!
And I'm sure president Park Geun-hye won't get too kind memories on the southern part Peninsula in the next 10~100+ years from people living there... She managed to get get South Korean economy under CPC's shoe in no-time.
Well done from Chinese POV I must admit!
And I'm sure president Park Geun-hye won't get too kind memories on the southern part Peninsula in the next 10~100+ years from people living there... She managed to get get South Korean economy under CPC's shoe in no-time.
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broadsword
Brigadier
Looks like we have a new troll.
broadsword
Brigadier
What do you think should be South Korea's answer?
AssassinsMace
Lieutenant General
So now China gets what it wants without using violence is somehow bad? What happened to all the worry that China was going to use violence to get what it wants? You know what it means when there's a contradiction like that? It's all about numbing the Chinese into not questioning or challenging anything. They want blind obedience and that's what it has always been about. Not rule of law or democracy or anything that sounds civil.
Another superficial political mud slinger, blaming a president not even two years into her first term for the result of a systemic long term shift, let's see if you would hold accountable the business interests who are actually responsible for the phenomenon.
AssassinsMace
Lieutenant General
Time to turn Hainan into China's gambling center and it's 100% percent in control of China and a much more ideal place. What's the cause of last two months' revenues on gambling and luxury stores in Macau and Hong Kong dropping? Anti-corruption campaign... most certainly. But interesting it also coincides with symbolic democracy referendums in both Hong Kong and Macau.
I love seeing news stories on China's anti-corruption campaign. You can tell Western journalists don't even know who to root for. Is it a cover to purge rivals or is it a real anti-corruption campaign? Both scenarios they don't like because the latter is actually affecting Western luxury brands. Since the West is feeling the hurt, it does lean towards real. Not likely that Xi is a lone wolf capable of doing all this. The corrupt would still be buying luxury goods if this was all just an ousting of rivals. Hong Kong and now Macau think China needs them more than they need China? See what happens when everything shifts over to Hainan.
broadsword
Brigadier
Enterprising founder. I have not seen "made in china" jibes or "made in China is a deal breaker" on Amazon yet. Must be because they are not drone enthusiasts. DJI is a company the Chinese can be proud of, like Huawei, and emulate.
DJI's Drone Is Simple Enough for Anyone to Use
By Brad Stone May 15, 2014
DJI's Drone Is Simple Enough for Anyone to Use
Courtesy DJI
Earlier this year, Brian Tercero, a real estate agent in Santa Fe, N.M., purchased the Phantom 2, a small drone with four propellers that he equipped with a high-resolution camera. He started flying it over his properties and within two weeks had used the photos and video it shot to sell a ranch that had been on the market for three years. “It gives people a visual of something that they can’t picture in their heads and allows us to showcase the property from a different angle,” Tercero says. Drones will soon be as important for brokers as classified listings and cookies in the foyer, he says. “I believe within five years, sellers and buyers are going to demand this.”
Evangelists such as Tercero are propelling the Phantom’s maker, DJI Innovations, to an altitude rarely seen by Chinese technology startups. Founded in 2006 in China’s booming hardware hub, Shenzhen, DJI has grown from 50 employees to 1,500 in the past three years. It controls about half of what researcher Frost & Sullivan estimates is a $250 million to $300 million global market for small, unmanned aerial vehicles, outpacing rivals such as Parrot in France and Germany’s Microdrones. Silicon Valley venture capital firm Sequoia Capital is considering investing, though the financing isn’t final, according to a person familiar with the talks who wasn’t authorized to discuss them. Such a high-profile infusion of cash would likely put DJI at the center of an ongoing debate about drones, safety, and privacy. “The Phantom 2 Vision is the rough flying equivalent of the Apple II,” Sequoia partner and Chairman Michael Moritz wrote in a LinkedIn post in January.
DJI’s latest product, the Phantom 2 Vision+, comes with a two-joystick handheld controller that resembles a turbocharged video game accessory. A Wi-Fi transmitter on the controller lets owners connect their smartphone to the drone and watch video streamed live from its camera. Mounted on a three-axis gimbal, the 14-megapixel camera can be rotated by the pilot while the drone hovers in place.
Video: Super Fly: The Must Own Drone for Tech Geeks
Simplicity may be DJI’s biggest selling point. “It’s so easy to use, and it’s a turnkey system,” says Eric Johnson, a professor at the School of Aerospace Engineering at the Georgia Institute of Technology. “A lot of other stuff you have to tune, whereas here, you just take it out of the box.”
300 Number of retailers in more than two dozen countries that sell the DJI Vision+
DJI’s profile has risen quickly since the company began selling drones in January 2013. This April it began selling the $1,400 Vision+ on its website and at about 300 electronics retailers, including Amazon.com (AMZN) and Best Buy (BBY), in more than two dozen countries. The drone has shortcomings—the lithium ion battery has only enough juice for 25 minutes of flight—yet it’s launched a Silicon Valley fad in which Phantom pilots take self-portraits, called dronies, from the air.
Unlike many Chinese tech companies, DJI doesn’t manufacture gadgets based on the designs of an overseas partner and isn’t copying someone else’s products. The company was founded by Frank Wang, 34, a remote-control helicopter enthusiast who grew up in Hangzhou, China, and dreamed of making model aircraft superior to those of his youth. He owned the kind of copter that was “hard to control and easy to crash,” says Wang, DJI’s chief executive officer. “When you crashed it, it would take months to find the right parts so it could take off again.”
Wang graduated in 2006 from the Hong Kong University of Science and Technology with an electrical engineering degree. For his senior project, he and several classmates tried to build a durable, stable model helicopter system; just before their presentation to professors, it crashed. Wang’s grades weren’t good enough for a U.S. graduate school, he says, so he continued his studies in Hong Kong and tried to turn the helicopter project into a business. For DJI’s first few years, its handful of employees worked from a tiny Shenzhen apartment selling controllers to drone makers and hawking them on helicopter enthusiast forums online. To simplify the vehicles and expand their market beyond hobbyists, the company gradually moved into making drones on its own.
Courtesy DJI
Early versions of the Phantom were marketed to hobbyists who retrofitted them with cameras made by U.S.-based GoPro. Wang didn’t want customers to have to find and install separate components, so DJI put its own cameras in its newest models. The Vision+ doesn’t require any tools to attach its propellers, and the vehicle sends frequent low-battery warnings to a pilot’s smartphone to help avoid disastrous high-altitude plummets. DJI “is in the first wave of 21st century Chinese companies that we are all going to be dealing with,” says Chris Anderson, the former editor of Wired and now CEO of 3D Robotics, which makes a rival line of drones. “They are executing flawlessly.”
AssassinsMace
Lieutenant General
This is why the Vietnamese shouldn't be bragging about stealing outsourced jobs from China. If Chinese aren't buying them, that's going to affect Samsung's operations especially in regards to Vietnam since the Vietnamese already literally attacked Samsung bosses before and later including the riots that burned down foreign factories.
I already see the attack of fear on Xiaomi in the media. There was a recent story of spyware in Xiaomi phones and also how it's a rip-off of Apple. You mean like Samsung? But you know the difference is China is the largest smartphone market in the world. Xiaomi phones will likely have difficulty penetrating Western markets thus China can create the same difficulties for them.