Chinese Economics Thread

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

  1. taxiya
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    taxiya Captain
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    I am not a fan of Musk due to his flamboyant style, but regardless his intention, his plan is not bad for China. It is his investment or whoever's money, his factory, research center and equipment on Chinese soil hiring Chinese workers and engineers. Chinese investments in it runs similar risk as in other All-E cars from tech perspective.

    More over, who is going to supply the batteries? And many more components in the supply chain? Look at other industries, Chinese components will increase gradually. That is a good for China. I know that Panasonic is the sole? supplier for now, but who knows what will happen to this factory in China, some Chinese suppliers' name come up immediately, CATL and BYD.

    On a broader scope, BMW just signed with Brilliance (Shenyang Jinpei, Zhonghua, producing BMW 1, 3 and 5 series today) a new agreement to increase the production in China of its SUV from 400,000 (per year?) to 500,000. This is on top of another agreement BMW signed earlier (from 300,000 to 400,000). These SUVs are today built in South Carolina USA and exported to China (40% of its total). China's retaliatory tariff on US made cars apparently pushed BMW to shit the production. Musk is simply doing the same thing. Harley Davidson thinking of Thailand factory is another example.
     
    #9091 taxiya, Jul 11, 2018
    Last edited: Jul 11, 2018
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  2. Hendrik_2000
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    Hendrik_2000 Brigadier

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    Here is the New China report on the subject of China improve ranking in innovation. China jump 5 places from the 22th to 17th Well next year will be 12th
     
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  3. vincent
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    vincent Junior Member

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    My concern is Musk raises tons of cheap loans from Chinese and then deliver nothing. He likes to think big but can't execute. He got no talent in mass production and may very well run Tesla to the ground. Chinese will be the one left holding the bag
     
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  4. Hendrik_2000
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    Hendrik_2000 Brigadier

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    Here is the story of Jinjiang formerly poor village that got rich by manufacturing shoe. And it is dirt poor in the past hundred of thousand were forced to migrate at the end of Qing dynasty mostly to SEA. Quanzhou dialect is prominent in Penang and Medan, Manila.Located close to Quanzhou. It is one of the oldest dialect in Fujian. Nowadays it attract migrant from all over China But they treat them as their own no difference they got social welfare benefit the same as local.
    Thing will be better in the future because Jinjiang is selected as one of three memory chip fabrication



    [​IMG]

    Fujian Jin Hua equips Jinjiang fab

    China DRAM start-up, Fujian Jin Hua Integrated Circuit, is moving fab equipment into its Jinjiang fab (pictured) with the intention of running first silicon in Q3 2018, reports Digitimes.

    [​IMG]
    The fab is to make DRAM on a 32nm process supplied by UMC. It is being initially equipped to run 60k wpm. It is spending $5.3 billion to get to that point. The intention is to spend more, later, to expand the fab or build another.

    With Samsung currently ramping up DRAM on an 18nm process, Jin Hua has a long way to go before it becomes competitive in the world market, but the China government is expected to find customers for its production whatever the yield, cost or timing of the eventual output.
     
    #9094 Hendrik_2000, Jul 11, 2018
    Last edited: Jul 11, 2018
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  5. Jura
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    Jura Lieutenant General

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    then you probably should read
    Commentary: U.S. brazen bullying on trade to boomerang back with unbearable costs
    Xinhua| 2018-07-12 15:36:22 http://www.xinhuanet.com/english/2018-07/12/c_137319588.htm

     
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  6. SamuraiBlue
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    SamuraiBlue Senior Member

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    Well looks as if somethings are moving;


    Basically an overall national debt of some estimating as high as over 20 trillion yuan or approx.30 trillion dollars US, things are going to start buckling when economy hits uncharted waters, with export the main source of revenue is hitting against high waves.
     
  7. Equation
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    Equation Lieutenant General

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    How does "over" 20 trillion yuan equals to about $30 trillion US dollars?o_O

    When the current exchange rate is:
    1 United States Dollar equals
    6.67 Chinese Yuan

    YES China is still ahead and out growing economically of Japan. ;)
     
  8. Jura
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    Jura Lieutenant General

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    LOL! favorable exchange rate "offered" by
    SamuraiBlue

    but his Yuan figure might be correct according to
    https://en.wikipedia.org/wiki/National_debt_of_China
     
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  9. Equation
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    Equation Lieutenant General

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    Still only: CN¥ 28 trillion (US$4.3 trillion), equivalent to about 41% of GDP.

    Have you seen Japan yet?:D

    $10.46 trillion

    The Japanese public debt exceeded one quadrillion yen or about US$10.46 trillionin 2013, more than twice the country's annual gross domestic product. By 2015, the figure rose to US$11.06 trillion.


    Government Debt to GDP in Japan averaged 137.40 percent from 1980 until 2017, reaching an all time high of 253 percent in 2017
    https://tradingeconomics.com/japan/government-debt-to-gdp
     
  10. Jura
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    Jura Lieutenant General

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    yep I would've thought the really large ratio in the case of Japan was well-known; not sure what
    SamuraiBlue
    was attempting LOL
     
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