Chinese Economics Thread

siegecrossbow said:

Continued...



When will people realize that you can't have your cake and eat it too?

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Well, I think it's just a form of denial. They still cannot accept the fact that the roles of Taiwan and the Mainland have reversed. Many older generations still bathe themselves in the reflective glory of Taiwan being one of the four little dragons of Asia.

I guess in their minds, they still hope that "the more civilized Taiwanese will cunningly take advantage of the dumb mainlanders and get the best of the both worlds".

The fact of the matter is that the local Taiwanese will one day understand that they have no choice but to invite Chinese investment, if they want to have a chance to live a better life. And that Taiwan's future is with China.

There is an old Chinese saying: a family relative living far away is useless compared with a nearby neighbor. China is a giant and very powerful neighbor and the closest relative that they can ever hope for. So it makes every kind of logical and emotional sense for the Taiwanese to look to the Mainland. They just need time to finally accept that.

vesicles said:

I guess in their minds, they still hope that "the more civilized Taiwanese will cunningly take advantage of the dumb mainlanders and get the best of the both worlds".

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So many recent cases of fraudsters from Taiwan that target Chinese people

Hulunbuir or Manjoli a tri junction city between Mongolia, Russia and China
This what a border town should look like peaceful,prosperous where people mixing and mingle with each other, trade and appreciate and enjoy each other culture

It is amazing town as if Las Vegas is transported to Inner Mongolia steppe The Russian influence is un mistaken they are everywhere. Few people know that in China there is Russian minority and they are famous for the beautiful lady. Popeye where are you
Don't forget thathalf century ago this town is mere dusty pit stop on the rail line between China and Russia

The narrative that China decimate native culture is nothing but lie with strong economy you can support more cultural activity. And it is up to people to preserve their heritage. the mongolian is strong enough to keep their culture even though they are inundated with the Han. As proven by this mongolian kid from Mongolia who study in Hailar a predominant mongolian district in Inner mongolia
Here is a interesting Video
Hulunbuit aka Manjoli

Manjoli at night

Statue of Genghiz khan every where in Hailar district

Tri country cultural activity

Beautiful Russian Chinese

More picture. People doesn't know that the Mongolian culture is completely decimated in Mongolia so when they want to learn about their language , culture, custom they have to go to Inner mongolia university to study like these kids
China make commendable act to preserve and research the Mongolian culture,language, music, custom etc

A beautiful Russian Chinese


Russian influence

Mongolian Kid from Mongolia study in Hailar singing their folk song

Fashion show of mongolian formal dress


Kids performing Mongolian ensemble

Daayeeemmmm!

As some one said before China maybe the last country that escape poverty first by exporting cheap good utilizing their vast manpower. But the same route is now closing fast
China’s Robot Revolution May Affect the Global Economy

Automation impact on wages isn’t showing in the data – yet
Bloomberg News
August 22, 2017, 11:00 AM CDT
From
China is installing more robots than any other nation, and that may affect every other nation.

Shipments jumped 27 percent to about 90,000 units last year, a single-country record and almost a third of the global total, and will nearly double to 160,000 in 2019, the International Federation of Robotics .


The blazing pace hasn’t dented Chinese wages – yet – but it might influence the global economy, according to a this week by Bloomberg Intelligence.

Automation may drive productivity gains and export competitiveness, but the rising use of robots also threatens to exacerbate domestic income inequality, undermining consumption. And that could spill out beyond the country’s borders, economists said.

“By turbocharging supply and depressing demand, automation risks exacerbating China’s reliance on export-driven growth – threatening hopes for a more balanced domestic and global economy,” BI economists Tom Orlik and Fielding Chen wrote.

Pay gains are intact. Domestic manufacturing workers with a high-school education saw wages rise 53 percent from 2010 to 2014, according to China Household Finance Survey data cited by BI.

“Increasing use of robots should be bad news for medium-skilled workers, especially those in sectors where routine work means scope for automation,” Orlik and Chen said. “Yet wage growth in China remains rapid, and if anything medium-skilled workers conducting routine work are doing better than average.”


Robots are at the core of the government’s sweeping plan to upgrade factories to be highly automated and technologically-advanced. Replacing assembly-line workers will also help it to offset a shrinking working-age population.

And while China is catching up to global leaders like South Korea and Singapore, saturation is nowhere in sight and its density of robots is below the world average, according to the IFR.


China also is buying more and more of its own robots. Under Made in China 2025 and a five-year robot plan launched last year, Beijing plans to focus on automating key sectors like car manufacturing, electronics, appliances, logistics, and food.

The “robot revolution” proposed by President Xi Jinping in 2014 will also raise fears of greater as the benefits of productivity gains are skewed toward the owners of capital, at the expense of workers, according to BI. Such an outcome would be bad news for household spending and might delay the shift toward a consumer-driven economy, Orlik and Chen said.

of total sales volume by 2020 from 31 percent last year, and aims to produce 100,000 robots a year by 2020, compared with 33,000 in 2015. That means competition will intensify for foreign firms that supply 67 percent of China’s robots, such as Japan’s Fanuc Corp. and Yaskawa Electric Corp., according to BI.

“The combination of a massive domestic market, policy-driven technology transfer from foreign to domestic firms and government funding often proves brutally effective.”

Yep that is correct, China is the last major country on earth that is taking the traditional ladder of agriculture > light industry > heavy industry > Technology and Service as they develop their economy.

Unfortunately after this, they are taking the ladder with them with automation and AI so that no one else will follow this path to success (I'm looking at you India)

And this will only get worse (for India) as they already lack the funds and technology to research automation and AI, while receiving more pressure from their massive population.

This will also only get better for China and advanced nations like USA, as they compete for manufacturing by throwing money into automation and AI, beside them there is really no chance for the rest. (India, Middle East, Africa)

Yep. There's a reason why China is in a rush towards automation, so not only can it prevent a middle income trap from its current unsustainable model but also its to avoid being stuck in the wrong side of Elysium once the automation because cheap and efficient enough to completely replace low skill labor.

Big multinational corporations and World powers will no longer have an interest in throwing its FDI in poor countries for cheap labor. They invested in China and the developing world places so they can exploit cheap labor but its a two way street. The FDI recipient may have provided cheap labor but in return received something greater than just money from foreign investment, access to the global market, skills training, infrastructure and new technology.

Like you said, it will be truly an economic iron curtain and aside from charity or PR campaigns which will act as equivalents of pity money given to homeless no real money will come in. The developing world will not be able to jump start their own manufacturing industry and consumer market though outside capital as they could in the past and be permanently stuck in purgatory. At most they can hope for is negotiating market access for a few robot factories that only employ a few dozen people, leaving the rest of the poor to become a demographic time bomb.

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China Continues Massive Solar Installations With 10.52 GW In July, Already Exceeds 2020 Target
August 22nd, 2017 by

China has had a fantastically impressive year so far in terms of solar installations, and it doesn’t look like it is planning on stopping anytime soon, as the country managed to install 10.52 GW worth of new solar capacity in July alone.

Further, not only is 2017 a big year for solar installations, but China has already surpassed its 13th Five-Year Plan (2016-2020) target of 105 GW solar installations.

New figures published by independent solar industry advisory firm Asia Europe Clean Energy (Solar) Advisory (AECEA) this week show that China installed a whopping 10.52 GW (gigawatts) worth of new solar in July. That’s not bad, but even better when you consider that China installed a mammoth 24.4 GW worth of new solar capacity in the — including 13.5 GW worth of new capacity in June.

That means in the space of two months (June and July) China installed 24.02 GW — that’s more solar capacity than some countries (read: Australia).

It should come as little surprise, then, that China has already exceeded its solar capacity installation targets wrapped up in its 13th Five-Year Plan (2016-2020) of 105 GW. At the end of the first half of 2017, China’s cumulative solar capacity had reached 101.82 GW, putting it now at 112.34 GW.

Further, China is expecting significant solar capacity additions through the second half of 2017 — not least of all because it managed 10.52 GW in July. Specifically, China expects the second half to be fueled by 5.5 GW worth of “Top Runner” project deadlines ending in September, and a state government program of 8 GW of ‘Poverty Alleviation’ schemes throughout the year.

Unsurprisingly, therefore — and with July’s mammoth capacity additions — China has increased its 2017 solar forecast, and now thinks it might be able to install between 40 GW and 45 GW by the end of the year.

Putting solar in comparison with new generation additions, AECEA explained that 1.09 GW worth of new nuclear energy was added in the first seven months of 2017, new hydro capacity was 6.69 GW, and new wind capacity reached 7.3 GW. China did add a total of 18.84 GW worth of new thermal power [read: fossil-fuel], but solar still well and truly put that into second place.

now I read
Google Cloud's absence in China is hindering its core cloud business
2017-08-22 12:52 GMT+8

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The absence in China is costing Google's core cloud business around the world, which makes it much harder for the company to challenge its rivals like Microsoft and Amazon, according to CNBC recently.

In March this year, Google announced that it planned to open three more data center regions in the world by the end of 2018, namely the Netherlands, Canada, and California. China, the world's second-biggest economy, is still not on Google's list this time.

Missing Opportunities

In fact, Google has already realized that its service's absence in China has hindered its business in the field of big data, where Microsoft's Azure and Amazon's AWS services are booming. As one of Google's main cloud clients, Snap earlier this year pointed out that the Google Cloud's unavailability in China may be a reason preventing Snap from entering local market. Later, Snap disclosed a big deal with Amazon's AWS cloud service.

At present, Amazon has built data centers in Beijing and Ningxia, and Microsoft has such facilities in Beijing and Shanghai. Both of them have already partnered with local Chinese tech companies to promote their cloud business.

Potential Market

According to statistics from IDC, the market for cloud infrastructure and software in China is expected to climb to 9.8 billion US dollars by 2021 from 2.4 billion US dollars in 2016. Compared to rival companies, Google is reportedly falling behind in the field of cloud business development. According to Synergy Research, the company trails Amazon, Microsoft as well as IBM, with a share of only five percent of global cloud business market.

"Google today is in so few countries -- they have a lot of other fish to go fry," Lydia Leong, an analyst at Gartner told CNBC.

Eager for the huge potential market in China though, Google's "no plans to bring Google Cloud to China" is placing itself in a dilemma. If the company indeed wants to make a big push in its core business, China is a significant market that they couldn't and mustn't ignore.

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