Chinese Economics Thread

Discussion in 'Members' Club Room' started by Norfolk, Jan 10, 2008.

  1. Jura
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    China will increase support, subsidies for tech firms, official says
    • Sector needs a breakthrough and Washington’s protectionist moves can provide the catalyst for it, industry vice-minister Wang Zhijun says
    • Comments come after Chinese President Xi Jinping issued rallying call on trip to Jiangxi province
    Updated: 11:26pm, 24 May, 2019 https://www.scmp.com/news/china/pol...se-support-subsidies-tech-firms-official-says
     
  2. Hendrik_2000
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    Vote of confidence from Denso a Japanese air condition and auto part manufacturer So much for the narrative that Factory are fleeing China

    Japanese automotive supplier Denso to build new plant in China
    https://news.cgtn.com/news/3d3d774d7751544f34457a6333566d54/index.html
    CGTN - 27-May-2019

    [​IMG]

    Japanese automotive supplier Denso Corp. will invest no less than 2 billion yuan (290.3 million U.S. dollars) to build a plant in Nansha District of Guangzhou, capital of south China's Guangdong Province, sources with the district said Monday.

    Covering about 100,000 square meters, the plant will consist of auto parts manufacturing workshops, a quality monitoring center, and warehousing and distribution center to produce auto electronic components upon completion, according to an agreement signed between the management committee of the Guangzhou Nansha economic and technological development zone and Denso (Guang Zhou Nansha) Co. Ltd.

    The construction on the project, located in Huangge Township, will start on June 28. It is expected to become operational in 2021 and achieve mass production in 2022.

    Yoshitaka Kajita, president of Denso(China) Investment Co. Ltd., said that despite the recent decline in China's vehicle market, China was still a very large and important market in the medium and long term. Therefore, the company had decided to invest more in Nansha District to meet the needs of the market and customers.

    The new plant will expand its capacity and focus on designing new products for the development of new energy vehicles and intelligent network vehicles.

    Cai Chaolin, Party chief of the Nansha District, said that in recent years the automobile industry has developed to be one of the pillar industries of Nansha District, with total output value of automobile manufacturing and related industries exceeding 100 billion yuan.

    The district government will fully support the new plant project, Cai said.

    Denso is a world-renowned automotive parts and systems supplier. Its subsidiary Denso (Guang Zhou Nansha) Co. Ltd., was established in 2004 in Nansha District of Guangzhou, mainly engaged in the production and management of engine control systems, filters, horns, chassis control systems and equipment, and molds.


    Trade war. Indeed.
     
  3. Hendrik_2000
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    Hendrik_2000 Brigadier

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    China need to close rank with OC who contribute so much to China's economic development in the past. I guess Xi know the importance of OC. After all he spent 17 years as vice governor of Fujian province the ancestral home of Million SEA Chinese
    http://www.globaltimes.cn/content/1152139.shtml

    Xi meets representatives of overseas Chinese
    Source:Xinhua Published: 2019/5/29 7:54:17
    [​IMG]
    Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, meets with overseas Chinese representatives who are in Beijing to attend the ninth Conference for Friendship of Overseas Chinese Associations and a plenary session of the board of directors of the China Overseas Friendship Association at the Great Hall of the People in Beijing, capital of China, May 28, 2019. Other Chinese leaders including Wang Yang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the Chinese People's Political Consultative Conference National Committee, were also present at the meeting. (Xinhua/Li Xueren)

    [​IMG]
    Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, meets with overseas Chinese representatives who are in Beijing to attend the ninth Conference for Friendship of Overseas Chinese Associations and a plenary session of the board of directors of the China Overseas Friendship Association at the Great Hall of the People in Beijing, capital of China, May 28, 2019. Other Chinese leaders including Wang Yang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the Chinese People's Political Consultative Conference National Committee, were also present at the meeting. (Xinhua/Li Xueren)

    [​IMG]
    Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, meets with overseas Chinese representatives who are in Beijing to attend the ninth Conference for Friendship of Overseas Chinese Associations and a plenary session of the board of directors of the China Overseas Friendship Association at the Great Hall of the People in Beijing, capital of China, May 28, 2019. Other Chinese leaders including Wang Yang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the Chinese People's Political Consultative Conference National Committee, were also present at the meeting. (Xinhua/Li Xueren)

    [​IMG]
    Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, meets with overseas Chinese representatives who are in Beijing to attend the ninth Conference for Friendship of Overseas Chinese Associations and a plenary session of the board of directors of the China Overseas Friendship Association at the Great Hall of the People in Beijing, capital of China, May 28, 2019. Other Chinese leaders including Wang Yang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the Chinese People's Political Consultative Conference National Committee, were also present at the meeting. (Xinhua/Li Xueren)


    [​IMG]
    Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, meets with overseas Chinese representatives who are in Beijing to attend the ninth Conference for Friendship of Overseas Chinese Associations and a plenary session of the board of directors of the China Overseas Friendship Association at the Great Hall of the People in Beijing, capital of China, May 28, 2019. Other Chinese leaders including Wang Yang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the Chinese People's Political Consultative Conference National Committee, were also present at the meeting. (Xinhua/Li Xueren)

    President Xi Jinping on Tuesday met with overseas Chinese representatives who are in Beijing to attend the ninth Conference for Friendship of Overseas Chinese Associations and a plenary session of the board of directors of the China Overseas Friendship Association.

    On behalf of the Communist Party of China (CPC) Central Committee and the State Council, Xi, also general secretary of the CPC Central Committee, expressed a warm welcome and sincere congratulations to the representatives and extended greetings to overseas Chinese around the world.

    Posted in:
     
    #10023 Hendrik_2000, May 29, 2019
    Last edited: May 29, 2019
    KIENCHIN, mr.bean, Gatekeeper and 6 others like this.
  4. Jura
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    DigoSSA, zealotaiur485 and Equation like this.
  5. Jura
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    Huawei reassesses goal to be world’s bestselling smartphone vendor after US blacklist
    • Huawei is now closely observing and evaluating the situation, Honor president Zhao Ming said at Shanghai event
    • ‘Too early to say whether we are able to achieve the goal’ of becoming No 1 by 2020, Zhao said
    Updated: 2:40pm, 1 Jun, 2019 https://www.scmp.com/tech/big-tech/...be-worlds-bestselling-smartphone-vendor-after
     
  6. Jura
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    The village testing China’s social credit system: driven by big data, its citizens earn a star rating
    Set to be rolled out by next year, the scheme is the nation’s most ambitious project in social engineering since the Cultural Revolution. Whether it eventually creates an Orwellian dystopia, or an honest, harmonious society, as intended, remains to be seen
    Published: 2:00pm, 2 Jun, 2019 https://www.scmp.com/magazines/post...4/village-testing-chinas-social-credit-system

    is related to what I began to follow
    Oct 25, 2016
    (actually I now got to it by clicking from
    May 15, 2019
    and like going backwards)
     
  7. Jura
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    Economic Watch: China boosts targeted financing support for private sector
    Xinhua| 2019-06-01 22:18:45 http://www.xinhuanet.com/english/2019-06/01/c_138109021.htm

     
  8. Tam
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    When Russia sold over $100 million in US Treasury bonds it certainly had an impact on yield rates.

    Also, China does not have much of a choice. It will need money to boost its own economy and that means moving money overseas back to China. That means it will stop buying US bonds and sell them gradually, which they have already been doing. Mind you this is different from using Treasuries as a weapon, this is almost stealthily selling the bonds over time so not to disrupt the market. If you want to weaponize Treasuries, you would aim for disruption, which is not in this case. The intention is not to weaponize bonds but you want to eventually get out of the market altogether since it serves no benefit. The whole purpose of putting money into US Treasury bonds is to keep the dollar high and Chinese export prices low. Selling the bonds has a risk of devaluing the US dollar and making Chinese exports to the US even less competitive but China doesn't care much about the latter at this point, all it needs is as much cash as it can get for its own domestic stimulus.

    All these articles about China not going to weaponize Treasuries miss an important fact. These Treasuries are bought with surplus, and if try to hurt this economy, the surplus would be reduced and so will its buying power and appetite to buy Treasuries.

    Unless you give China a good reason to hold on to Treasuries, US Treasuries will become redundant in China's future economic planning, and like all things redundant, you cut them out.

    What did Russia do to the money they sold the US Treasuries for? They bought gold and silver. These help stabilize the currency and gives it more value. China is on the rise in buying gold and silver as well and might be compelled to sell Treasuries in exchange for buying more gold and silver.
     
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  9. Jura
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    I've now reported the outrage
    #10028 Anlsvrthng, Today at 9:46 AM
     
  10. Anlsvrthng
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    Domestic consumers using yuan, not dollar for purchases.

    I think there is quite lean stock of yuan in foreign hands, several magnitude smaller than the treasury.

    So, how can the treasury sale stimulate the domestic demand ?
     
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