Chinese Economics Thread

antiterror13

Brigadier
In addition to any punishment handed to full extent of law in HK, Any of the violent protestor as punishment should just be banned from entering mainland until 2047. This will effectively kill their career and will be a much deserved punishment.

I think it is already happening of banning those people entering PRC
 

styx

Junior Member
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Not sure if posted before.
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World's 500 Largest Corporations In 2019: China Matches America


129 including Taiwan.
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119 Chinese companies is 25.6% of total Fortune 500 revenue.
US companies contribute 28.8% of total Fortune 500 revenue.


Man screw it, we ain't stopping until we're 75% of global revenue.


of the first 10 industries 8 are not american...
 
Last edited:
now I read
Economic Watch: Pro-growth measures help underpin Chinese economy
Xinhua| 2019-08-18 20:15:26
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Although signs of moderation prevail in the world's economic landscape, analysts remained confident about China's growth prospect with effects of the government's pro-growth measures filtering through.

The country's industrial output, retail sales and fixed-asset investment continued to expand in July, but at a slower pace, according to data released Wednesday by the National Bureau of Statistics (NBS).

Despite fluctuation of certain indicators, the economic performance has been generally stable and within a reasonable range, NBS spokeswomen Liu Aihua said at a press conference.

The July data were affected by seasonal factors such as adverse weather and one-off effect such as payback in auto sales and production after a strong June due to the new emissions standards that came into effect in July.

In breakdown, Wednesday's data also showed the country's economic rebalancing and industrial upgrades continued apace, injecting vitality into the economy.

Excluding auto sales, retail sales rose 8.8 percent last month, holding steady with that in June. The output of high-tech manufacturing expanded 8.7 percent year on year in the first seven months, 2.9 percentage points faster than the growth of overall industrial output.

New growth drivers are prospering and taking up a larger share in the economy, representing the potential for longer-term growth, according to Liu.

The outcomes came as the country managed to cope with multi-challenges ranging from lingering trade tensions, containing domestic debt levels, avoiding big swings in financial markets and shifting the focus of its economy to high-productivity and high-value industries.

Fully aware of the downside risks, the government has put in place a slew of measures, including large-scale tax cuts and fee reductions, increasing issuance of special government bonds and incentives to boost employment.

The pro-growth measures would gradually take effect and underpin the economy, Liu said.

An uptick in the manufacturing purchasing managers' index in July and accelerating growth of excavator sales, a barometer of infrastructure investment, added evidence for economic resilience.

Instead of resorting to flood-like stimulus policies, the country has focused on incentives to boost market vitality and bolster internal strength of the economy, Liu said.

According to the Ministry of Finance, the new tax cuts and fee reductions have saved businesses by around 1.17 trillion yuan (about 166.4 billion U.S. dollars) in the first half of 2019.

For targeted financing support of the real economy, the country also lowered the reserve requirement ratio (RRR) to support private as well as micro and small enterprises.

Analysts expected the government to roll out more policy easing, but no large stimulus in the second half of the year.

UBS economist Wang Tao said the government might lower the RRR by 100 more basis points in the H2 and provide more financing support for infrastructure investment.

The central bank may also guide the inter-bank market rates down by 10-20 basis points around the time of further Fed rate cuts, Wang said.

CICC analyst Liang Hong said there is room and necessity for monetary policies to loosen in the H2, while other growth stabilization effort may include promoting infrastructure investment growth and boosting consumer demand.

To boost domestic consumption, Meng Wei, spokesperson of the National Development and Reform Commission, said Friday that the country was working on an action plan for 2019-2020 to ensure reasonable increase of residents' incomes.
let's wait and see if "seasonal factors" (as in this July) are over
 
Thursday at 8:57 PM
now I read
China has to take countermeasures in response to U.S. announcement of tariff hikes
Xinhua| 2019-08-15 19:22:12
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related is

"... Trump also expressed hope the move would jolt US-China trade talks, which have proceeded haltingly since his meeting with Xi in June, much to Trump's frustration.
But that doesn't appear to have happened. On Thursday, China threatened to retaliate if the US issues new tariffs on $300 billion of Chinese-made products. A statement from the Ministry of Finance didn't mention the delay."

in the end of

Aides got Trump to delay tariffs by telling President it could 'ruin Christmas'
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now I read
US mixed move on Huawei ban shows its limited hand in dealing with China: analysts
Source:Global Times Published: 2019/8/19 22:44:58
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The US on Monday moved to grant another 90-day reprieve for Chinese telecom firm Huawei Technologies, but it also appeared to be increasing pressure on the company by adding more subsidiaries to its Entity List, in a sign of its increasingly limited options in cracking down on the company and China.

The move underscored the delicate situation faced by the Trump administration, which wants to continue its ill-intentioned goal of containing China's technological and economic rise but is also under intensifying domestic pressure as its actions also inflict pain on US companies and consumers, analysts noted.

The US Department of Commerce announced on Monday (US time) that it will extend the temporary general license, which allows certain US companies to continue supplying Huawei, for another 90 days. The current 90-day reprieve was due to expire on Monday. But in the same statement, the agency also announced that it had added 46 additional subsidiaries of Huawei to its Entity List.

Huawei opposes the US decision to add another 46 Huawei affiliates to the Entity List, which is politically motivated, the company said in a statement sent to the Global Times on Monday.

The extension of the temporary license does not change the fact that the company has been treated unjustly, and today’s decision won’t have a substantial impact on Huawei’s business either way, the statement said.

"This is typical of the US: tough on words but soft on actions," Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Monday, noting that the US is facing more difficulties in following up on its tough threats. "They know that they can't do much about Huawei without hurting themselves."

In the statement, US Secretary of Commerce Wilbur Ross acknowledged the dilemma. "As we continue to urge consumers to transition away from Huawei's products, we recognize that more time is necessary to prevent any disruption," he said.

But the new moves are unlikely to either ease or add new pressure that Huawei hadn't anticipated, said Jiang Junmu, the chief writer at telecom industry news website c114.com.cn.

"Huawei has already been forced to the bottom and whatever the US decision is will not change Huawei's rise," Jiang told the Global Times, noting that the company has been preparing for the worst-case scenario.

Since being added to the US blacklist, Huawei has mounted a fierce response to US accusations against its products and has moved to release a series of new technologies and products in anticipation of the ban. Most notably, the company has launched its own Harmony operating system to replace Android, which is from Google.

"The US move will only speed up Huawei's adoption of its Plan B," said Jiang, who follows Huawei closely.

The US decision will also have a limited impact on the trade negotiations between Chinese and US officials, which are facing a rough road as the US continues to adopt its bullying tactics.

Even as new talks are scheduled for Washington in September, the US administration announced a 10 percent tariff on more than $300 billion worth of Chinese goods. In another sign of its limited control over trade, the US later delayed tariffs on some household goods ahead of the
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shopping season to quell rising domestic pressure.

"The US has not changed its tactics but increasingly its hand is forced," Bai said.
 

canniBUS

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Rate vs. Mass of Surplus Value
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Economist David Harvey has some deep insight about Chinese economic policy in recent years and what it means regarding China's future economic plans and China's relation with the United States. David Harvey states that economic value is transferred from high labour intensity to high capital intensity regions. This transfer manifests as value transfer from poor labour intensive regions subsidizing richer capital intensive regions. This applies to both intranational trade and international trade. For example: rural inland of China and coastal cities, or Bangladesh/China and the US/EU. The US lead world economic system dictates which countries are allowed to use capital intensive economic system to defend their advantageous position as capital intensive economies. Made in China 2025 is a declaration that China will no longer subsidize the west by providing them cheap labour. China will switch to capital intensive production and compete against the entrenched capitalist-imperialist powers and attacking the last profitable sectors remaining in the so called developed world. Domestically, knowing that labour subsidizes capital and poor subsidizes rich, China is pursuing policy to reduce rural urban divide so that rural labour can enjoy better quality of life and retain more fruits of labour. It is seeking to alleviate the problems created by reform and opening up. Made in China 2025 and the two centenary goals of alleviating poverty and constructing a moderately prosperous socialist society are ambitious projects that seek to correct centuries of uneven economic development and give Chinese people mastery over the product of their labour.
 

AssassinsMace

Lieutenant General
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If only the Chinese on the mainland knew the truth about how Trump measures him winning the trade war by how much he can destroy China, then the Chinese people would help Trump. Yes the Chinese want to be their slaves and the evil Chinese government is preventing that from happening.
 

Franklin

Captain
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If only the Chinese on the mainland knew the truth about how Trump measures him winning the trade war by how much he can destroy China, then the Chinese people would help Trump. Yes the Chinese want to be their slaves and the evil Chinese government is preventing that from happening.
The US has already given in on the tariffs. Because of a falling stockmarket, inverted yield curve in the bond market and a rapidly slowing economy.

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styx

Junior Member
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Trump ignores the most basic economy rules. China is having succes not beacause it is a poor country but because of its culture, people and market dimension. Chinese are not vietnamese or mexicans exactly like americans are not germans or italians.

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HO CHI MINH CITY, Vietnam—With the
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, this should be Vietnam’s time to shine. Instead, it is becoming increasingly clear that it will be years, if ever, before this Southeast Asian nation and other aspiring manufacturing destinations are ready to replace China as the world’s factory floor.

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for smartphones and aluminum ladders and vacuum cleaners and dining tables are
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. Factories with U.S.-focused safety certifications and capital-intensive machinery aren’t as easy to find.

And Vietnam, with less than one-tenth China’s population, is already running into labor shortages as global manufacturers rush to set up shop here to avoid U.S. tariffs.

“China has a 15-year head start—whatever you want, someone’s doing it,” said Wing Xu, the operations director for Omnidex Group, which helps make large pumps for Pennsylvania-based industrial equipment manufacturer McLanahan Corp.


Omnidex has shifted some production to Vietnam, but out of more than 80 parts of a pump used in mining operations, factories here have been able to begin work on only 20 so far because molds must be created from scratch.

“You can’t just shift your business to Vietnam and expect to find what you’re looking for,” she said.

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between the world’s two largest economies. Few companies are planning to leave China altogether, but those that heavily clustered production in the country are urgently looking to diversify.

Some companies are relocating parts of their production lines to Southeast Asian countries or elsewhere, while continuing to manufacture in China for the Chinese and non-U.S. markets, a strategy they call “China+1.” Others with huge orders are hoping to nudge their Chinese suppliers to move operations out of China.


s a result, a new global manufacturing landscape is starting to take shape, executives say. Production leaving China is getting divvied up among developing countries, with a small portion going to the U.S. on the back of automation. The reordering of supply chains is likely to leave China with a diminished but still significant share of the pie.

The creation of new industrial clusters won’t happen overnight. Vietnam offers cheap labor, but its 100-million population is small compared with China’s 1.3 billion, and its roads and ports are already clogged. India has the manpower, but skill levels fall short and government rules are relatively restrictive.

“The question everyone is asking is: ‘Where should we go?’ ” said Giang Le, a Singapore-based analyst for strategic consulting firm Control Risks. “The answer is not obvious.”

alifornia-based camera-maker
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while keeping its China operations for other markets.
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Inc., which is based in Arizona and makes smart-home technology, has a new partner in the Philippines and is also expanding operations in Monterrey, Mexico.

Hong Kong-listed Techtronic Industries Co. Ltd., which makes Hoover vacuum cleaners, will set up a new plant in Vietnam and add capacity to its Mississippi operations. It will maintain some production in China for at least a decade, the company said.

The Chinese model of the past 20 years thrived on suppliers being close to each other, making production quicker, less expensive and more efficient. Now, as operations become more fragmented, they are threatening to raise costs, stretch delivery times and expose companies to multiple tax and labor regimes.

mpanies are starting to focus on the intricate rules that govern how much of a product needs to be manufactured in a country, say Vietnam, to be considered “Made in Vietnam,” said Willy C. Shih, an economist specializing in manufacturing at Harvard Business School. “The era of the benign trading environment is over,” he said.
 
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