Chinese Economics Thread

antiterror13

Brigadier
How come an American company goes broke but becomes a success after being taken over by a Chinese company in the same activity? Was it lack of investment? The quality of the owners in some other respect?

a lot of possibilities
* Capital, new technologies
* New ideas or visions
* New networks .. hence new market
* etc

The same way when American companies bought "bankrupt" companies in NZ or anywhere and then become much more successful
 

Hendrik_2000

Lieutenant General
This online business will surely create a lot of job for people with no skill I see hope for these people otherwise they will be left behind . A nice video about a day in the life of a courier. A white dude impersonate Chinese delivery man. They will still need delivery man no matter how much automation they are going to get
 

plawolf

Lieutenant General
I don’t know, I think low skilled jobs like delivery drivers will be some of the first jobs to go.

Already, you have the likes of Amazon trialling driverless trucks and drones. While there are already drone operated warehouses in operation today.

With improvements in technology, it may well not be long until we get to a point where bulk deliveries gets taken from ports/factories/etc by large automated trucks, to be sorted by drones, and then loaded into driverless delivery trucks that have drone hangers, so the truck drives to a parking spot optimised by software, and send out its fleet of drones to deliver packages to all the customers in the area, then drives to another optimised point to service the next sector and so on.

It will start with small sized, high value packages, but as drone and battery technologies improve, it will probably proliferate to cover larger and more general items, with the niche area between driverless trucks and drones shrinking all the time until there is pretty much no in-between for human drivers.

After the public has gotten used to seeing driverless delivery vehicles and there are sufficient statistics built up to show how much safer automated vehicles are compared to human drive, we will probably see a rapid acceptance of driverless, with huge spikes in both driverless private vehicles and driverless taxis.

There may well be some overlap and government schemes to get private owners to rent out their driverless cars as taxis when not in use on environmental grounds. For example, in Beijing, they could either grant exemptions to the licence plate restrictions on which days you can use your car if you rent it out; and/or they could add a point based system where you are given extra days of private use for how many miles your vehicle serves as a taxi.
 

Hendrik_2000

Lieutenant General
I doubt they can replace delivery man with robot . They can automate warehousing and sorting out of parcel but the last mile still need human to deliver it door to door like in this video .

Sometime the client is not even at home and they have to leave it with the receptionist. Unless they can invent biped robot with intelligence and dexterity of human I doubt it will come the day
Anyway Chinese courier company has a bumper crop via Adam Wang from pakdef

China Courier companies running at full speed after Singles' Day
Source:Xinhua| 2017-11-12 15:40:16|Editor: Mengjie

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Employees work at a distribution center of Express Mail Service in Hengyang City, central China's Hunan province, Nov. 12, 2017. Courier companies were running at full speed to deliver massive number of parcels after Alibaba Group's 11.11 Singles' Day global online shopping spree on Nov. 11. (Xinhua/Cao Zhengping)
 

Equation

Lieutenant General
At this time I believe it is hard to do 100% automation without the input of any human help to either guide, watch, and correct any machine and robot mistakes. Once AI is input more into the assembly line than we will noticed a more autonomous assembly line or factory line work.
 

Hendrik_2000

Lieutenant General
A lot of these western critic still live in the past and completely disregard the improve efficiency in Chinese economy and the tremendous change in Chinese economic structure where more and more, consumption drive the economy. Also they don't know the huge entrepreneur spirit of Chinese people.
They still harping on debt ratio , demographic, rising labor cost etc
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Look at this report by CGTN on automation in China
The southern Chinese city of Dongguan built its fortune by manufacturing goods for the world, relying for decades on cheap manual labor to produce low-end goods. But in recent years there has been a massive shift towards automation, following a period of economic hardship and rising labor costs. Ryan Chua visited some of the factories in the city where machines are replacing humans on the assembly line.
 

kwaigonegin

Colonel
there are some things that even the most advanced robots can't do that a human child can do easily.
I was watching this documentary on making shoes :) .. pretty much 100% of the shoe was mechanically automated and robotically made EXCEPT the last part. Stringing the shoes through the holes and then tying the laces LOL.
A human at this point in time can still do it much faster and much more efficient even for mass production.
 
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