Chinese Economics Thread

B.I.B.

Captain
I just saw it discussed on CNN before my last post. They had an Australian journalist on skype talking about it.

So far Turnbull has refused to make any comment on his conversation with Trump. So unless something was leaked from the White House, its only speculation at this stage.
 

Lethe

Captain
Hello, Australian here.

So far Turnbull has refused to make any comment on his conversation with Trump.

Actually Turnbull has made
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comments regarding his conversation with the US President. The only thing he has denied is the claim that Trump hung up the phone call.

As for China ... frankly I think you've got it the wrong way around. The Australian government has made a domestic political commitment that asylum seekers will never be resettled in Australia: rather they are to be housed in offshore facilities and in other nations and, if their claims are approved, resettled in other nations. The difficulty for Australia has been finding other nations willing to take asylum seekers off Australia's hands on a consistent basis.

Enter the Obama administration. Turnbull and Obama arranged to transfer up to 1250 asylum seekers on a one-off basis, representing basically all of those currently languishing in Manus Island and on Nauru. Now, the question you have to ask is why did Washington offer to make this arrangement? When you see the awkward position that Turnbull is in now, you have the answer: it gives Washington leverage over the Australian government. Leverage at a time when the US military is setting up shop in Darwin and agitating for a more "assertive" policy with China. Leverage, in other words, that could be very useful in advancing Washington's strategic objective of containing China.

And now Trump comes along and threatens to blow things up, because he's an idiot who doesn't understand how to win friends and influence people. The recklessness and belligerence of the Trump administration is occasioning a long overdue public discussion in Australia of the merits of our current relationship with the United States. While that discussion is still far too timid for my tastes, it is an enormous improvement over the situation even twelve months ago.
 
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B.I.B.

Captain
Hello, Australian here.



Actually Turnbull has made
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comments regarding his conversation with the US President. The only thing he has denied is the claim that Trump hung up the phone call.

As for China ... frankly I think you've got it the wrong way around. .....The Australian government has made a domestic political commitment that asylum seekers will never be resettled in Australia: rather they are to be housed in offshore..........

Errrr I think that should have been directed at 'Mace' as I never mentioned China.
Actually my comment was based on a sound bite of Turnbull telling the reporters that he would'nt comment.

Thanks for your POV as it refreshed my knowledge of the Australian asylum seekers.
 

Blackstone

Brigadier
Hello, Australian here.



Actually Turnbull has made
Please, Log in or Register to view URLs content!
comments regarding his conversation with the US President. The only thing he has denied is the claim that Trump hung up the phone call.

As for China ... frankly I think you've got it the wrong way around. The Australian government has made a domestic political commitment that asylum seekers will never be resettled in Australia: rather they are to be housed in offshore facilities and in other nations and, if their claims are approved, resettled in other nations. The difficulty for Australia has been finding other nations willing to take asylum seekers off Australia's hands on a consistent basis.

Enter the Obama administration. Turnbull and Obama arranged to transfer up to 1250 asylum seekers on a one-off basis, representing basically all of those currently languishing in Manus Island and on Nauru. Now, the question you have to ask is why did Washington offer to make this arrangement? When you see the awkward position that Turnbull is in now, you have the answer: it gives Washington leverage over the Australian government. Leverage at a time when the US military is setting up shop in Darwin and agitating for a more "assertive" policy with China. Leverage, in other words, that could be very useful in advancing Washington's strategic objective of containing China.

And now Trump comes along and threatens to blow things up, because he's an idiot who doesn't understand how to win friends and influence people. The recklessness and belligerence of the Trump administration is occasioning a long overdue public discussion in Australia of the merits of our current relationship with the United States. While that discussion is still far too timid for my tastes, it is an enormous improvement over the situation even twelve months ago.
Good post overall, and evidence show Trumps actions can be belligerent and reckless, but nuance is needed on the "idiot" narrative, because facts show otherwise. The man is smart, very smart, and focused mostly on his extremely well publicized and emphasized domestic agenda. Other than "radical Islamic terrorism" and keeping nukes from fragile or rogue states like Iran and the DPRK, Trump's foreign policy serves as supportive elements for his domestic goals.

In an interesting quark of history, we see the world's two most powerful countries, both with unusually powerful and charismatic leaders at the same time. One has been crafting the "China Dream" for over four years, with the Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank as crowing achievements, while the other just rode the "Make America Great Again" dream to the White House. We're living in interesting times.
 
Good post overall, and evidence show Trumps actions can be belligerent and reckless, but nuance is needed on the "idiot" narrative, because facts show otherwise. The man is smart, very smart, and focused mostly on his extremely well publicized and emphasized domestic agenda. Other than "radical Islamic terrorism" and keeping nukes from fragile or rogue states like Iran and the DPRK, Trump's foreign policy serves as supportive elements for his domestic agendas.

In an interesting quark of history, we see the world's two most powerful countries, both with unusually powerful and charismatic leaders at the same time. One has been crafting the "China Dream" for over four years, with the Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank as crowing achievements, while the other just rode the "Make America Great Again" dream to the White House. We're living in interesting times.

The US and China are very much facing parallel domestic problems stemming from the recent decades of globalization. It's interesting to watch them attempt their own sets of solutions.
 

Hendrik_2000

Lieutenant General
It is slow week since China is in the mid of lunar new year holiday. But there are many economic news
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China's Manufacturing cost advantage is eroding so China will spend trillions for automation, robotics, 3D manufacturing and research
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Half were going to other Asian countries and 40% to America, Canada or Mexico.

China's worker wages are rising about 7-8% each year and they have a shrinking working age population as the people age.

China is making big moves in automation and large scale deployment of robotics. In 2014, President Xi Jinping talked about a robotics revolution. China has been the number one buyer of industrial robots since 2013. However, China lags other nations in terms of robots per worker.

This more than the occasional story of
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of its 600 workers or Foxconn automating their iPhone factories with thousands of workers. Roughly 100 million people work in the Chinese manufacturing sector, which contributes nearly 36% of China's gross domestic product, but IDC's Zhang believes Beijing is prepared to manage the transition.

There will be about 1.3 million industrial robots in the world in 2018.

If China were to become a top ten country in industrial robot density in 2025 then they would need about 13-15 million robots (if they maintained the 100 million workforce). If the manufacturing workforce were halved to 50 million then China would need 7 to 10 million robots by 2025.

The automation could boost production and revenue from manufacturing by 25%.

China's 13th five year plan includes a made in China 2025 plan. The plan is to make China an advanced manufacturing power within a decade.

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(478 units), followed by Japan (314 units) and Germany (292 units). At 164 units, the USA currently occupies seventh place in the world.

At 36 units per 100,000 employees or about half the global average figure, China is currently in 28th place. Within the overall global statistics, this is roughly on a par with Portugal (42 units), or Indonesia (39 units). However, about five years ago, China embarked on a historically unparalleled game of catch-up aimed at changing the status quo, and already today it is the world's largest sales and growth market for industrial robots.
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Never before have so many robot units been sold in one year as were sold in China in 2014 (57,100 units). The boom is continuing unabated in line with the forecasts: In 2018, China will account for more than one-third of the industrial robots installed worldwide.

Progress toward automation is moving at a good clip in both the public and private spheres. In 2015, Guangdong province, long China's top manufacturing hub, pledged to spend $ 150 billion to install industrial robots in its factories and establish new advanced automation centers.

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By 2030, China's share of younger population, i.e. those in the age group of 15-39 years, will likely drop to 28 percent of the population from 38 percent in 2013.

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worldmanufacturing4.png
 

Franklin

Captain
It is slow week since China is in the mid of lunar new year holiday. But there are many economic news
Please, Log in or Register to view URLs content!

China's Manufacturing cost advantage is eroding so China will spend trillions for automation, robotics, 3D manufacturing and research
Please, Log in or Register to view URLs content!
Half were going to other Asian countries and 40% to America, Canada or Mexico.

China's worker wages are rising about 7-8% each year and they have a shrinking working age population as the people age.

China is making big moves in automation and large scale deployment of robotics. In 2014, President Xi Jinping talked about a robotics revolution. China has been the number one buyer of industrial robots since 2013. However, China lags other nations in terms of robots per worker.

This more than the occasional story of
Please, Log in or Register to view URLs content!
of its 600 workers or Foxconn automating their iPhone factories with thousands of workers. Roughly 100 million people work in the Chinese manufacturing sector, which contributes nearly 36% of China's gross domestic product, but IDC's Zhang believes Beijing is prepared to manage the transition.

There will be about 1.3 million industrial robots in the world in 2018.

If China were to become a top ten country in industrial robot density in 2025 then they would need about 13-15 million robots (if they maintained the 100 million workforce). If the manufacturing workforce were halved to 50 million then China would need 7 to 10 million robots by 2025.

The automation could boost production and revenue from manufacturing by 25%.

China's 13th five year plan includes a made in China 2025 plan. The plan is to make China an advanced manufacturing power within a decade.

Please, Log in or Register to view URLs content!
(478 units), followed by Japan (314 units) and Germany (292 units). At 164 units, the USA currently occupies seventh place in the world.

At 36 units per 100,000 employees or about half the global average figure, China is currently in 28th place. Within the overall global statistics, this is roughly on a par with Portugal (42 units), or Indonesia (39 units). However, about five years ago, China embarked on a historically unparalleled game of catch-up aimed at changing the status quo, and already today it is the world's largest sales and growth market for industrial robots.
Please, Log in or Register to view URLs content!


Never before have so many robot units been sold in one year as were sold in China in 2014 (57,100 units). The boom is continuing unabated in line with the forecasts: In 2018, China will account for more than one-third of the industrial robots installed worldwide.

Progress toward automation is moving at a good clip in both the public and private spheres. In 2015, Guangdong province, long China's top manufacturing hub, pledged to spend $ 150 billion to install industrial robots in its factories and establish new advanced automation centers.

Please, Log in or Register to view URLs content!


By 2030, China's share of younger population, i.e. those in the age group of 15-39 years, will likely drop to 28 percent of the population from 38 percent in 2013.

Please, Log in or Register to view URLs content!


Please, Log in or Register to view URLs content!


Please, Log in or Register to view URLs content!

worldmanufacturing4.png
The reason why wages in China are rising so fast is not because of a aging population. But its because the economy is moving up the value chain and is also diversifying away from (low end) manufacturing. It is becoming more difficult for low end manufacturers to find workers. As people in China no longer have to go to the coastal cities to work in city sized factories as there are oppertunities closer to home. The ones that are moving out of China are the lower end manufacturers that are facing higher labor costs and more stringent environmental rules. But where China is losing out on the lower end China is gaining in the mid to higher end. You can see that in the fact that China every year is gaining a ever larger share of the world's industrial output as well as a larger share of the global export market.
 
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