Chinese Economics Thread

Hendrik_2000

Hendrik_2000

Lieutenant General
What happened to the idea that Japanese firm are leaving china?

Japanese dairy firm Yakult to build its largest plant (in the world) in Wuxi

chinadaily.com.cn | Updated: 2020-04-21
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Signing ceremony for Japanese dairy firm Yakult's new plant is held in Wuxi National Hi-tech District on April 16. [Photo provided to chinadaily.com.cn]

Japanese dairy firm Yakult signed a deal last week to expand its factory in the eastern Chinese city of Wuxi, Jiangsu province, making it the company's largest plant in the world.

Yakult will invest $300 million to build its second plant, aiming to meet fast growth in the Chinese market. The construction will start in August and is expected to finish by 2022.

Yakult's sales revenues in the Chinese market have seen continued double-digit growth in recent years thanks to the popularity of its probiotic dairy products among Chinese consumers.

Wuxi and Yakult have developed a friendly and co-operative relationship since 2013. As the COVID-19 epidemic broke out around the world, the two sides also exchanged medical protective materials to help against the virus.

Wuxi Party Secretary Huang Qin attended the signing ceremony and was bullish on the development of Yakult. Huang said the city government would provide a quality service for the new plant in the future, and expressed hope to deepen cooperation with Yakult.

The new plant is expected to lay a good foundation for expanding production capacity in China.

Susumu Hirano, general manager of Yakult (China) Investment Co, spoke highly of the measures Wuxi has taken to prevent and control the epidemic, adding that Yakult has seen rapid development in China thanks to quality government services and the business environment in Wuxi.

Yakult is one of the largest probiotic dairy product makers in the world. Its market share ranks first in both Chinese and world markets.
 
manqiangrexue

manqiangrexue

Brigadier
localizer said:
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I wonder if China can use left over labor to make more oil storage and store enough oil for years to come?
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Shazaam!!
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China buys crude as prices collapse, adding to stockpiles

As global prices fell, Chinese importers sent 84 tankers to Saudi Arabia in mid-March, each able to carry 2 million barrels of crude, according to news reports that cited the China Shipbuilding Industry Association.

Low oil prices “have a positive impact on China,” said the ruling Communist Party’s Political and Legal Commission on its social media account.

The Cabinet’s National Energy Administration reported in September that total reserves held by the government and oil companies were equal to 80 days of consumption.

The official reserve stands at about 385 million barrels, according to Lee of Fitch Solutions. He said plans appear to call for increasing that to 500 to 600 million barrels.

If enough additional storage capacity is built, the government might import 500,000 to 900,000 barrels per day for the strategic reserve, or 5% to 9% of China’s total foreign purchases, according to Lee.

“This is a once-a-century opportunity!” the commission said.
 
T

Tam

Brigadier
Registered Member
Hendrik_2000 said:
What happened to the idea that Japanese firm are leaving china?

Japanese dairy firm Yakult to build its largest plant (in the world) in Wuxi

chinadaily.com.cn | Updated: 2020-04-21
Please, Log in or Register to view URLs content!

View attachment 59323
Signing ceremony for Japanese dairy firm Yakult's new plant is held in Wuxi National Hi-tech District on April 16. [Photo provided to chinadaily.com.cn]

Japanese dairy firm Yakult signed a deal last week to expand its factory in the eastern Chinese city of Wuxi, Jiangsu province, making it the company's largest plant in the world.

Yakult will invest $300 million to build its second plant, aiming to meet fast growth in the Chinese market. The construction will start in August and is expected to finish by 2022.

Yakult's sales revenues in the Chinese market have seen continued double-digit growth in recent years thanks to the popularity of its probiotic dairy products among Chinese consumers.

Wuxi and Yakult have developed a friendly and co-operative relationship since 2013. As the COVID-19 epidemic broke out around the world, the two sides also exchanged medical protective materials to help against the virus.

Wuxi Party Secretary Huang Qin attended the signing ceremony and was bullish on the development of Yakult. Huang said the city government would provide a quality service for the new plant in the future, and expressed hope to deepen cooperation with Yakult.

The new plant is expected to lay a good foundation for expanding production capacity in China.

Susumu Hirano, general manager of Yakult (China) Investment Co, spoke highly of the measures Wuxi has taken to prevent and control the epidemic, adding that Yakult has seen rapid development in China thanks to quality government services and the business environment in Wuxi.

Yakult is one of the largest probiotic dairy product makers in the world. Its market share ranks first in both Chinese and world markets.
Click to expand...


You mean like the way Sony is 'leaving' the Chinese market?

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Jura The idiot

Jura The idiot

General
it's also tariffs and pork situation inside
Coronavirus: US farm sales to China hit by bumper soybean crop from Brazil, supply chain disruptions
  • Export sales of US soybeans to China have been hit by the coronavirus and competition from Brazil, new data and analysts say
  • This is hampering China’s guarantee to buy more US agricultural products over the next two years as part of the phase one trade dea

so follow the link
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if interested
 
R

Rettam Stacf

Junior Member
Registered Member
Hendrik_2000 said:
What happened to the idea that Japanese firm are leaving china?

Japanese dairy firm Yakult to build its largest plant (in the world) in Wuxi

chinadaily.com.cn | Updated: 2020-04-21
Please, Log in or Register to view URLs content!

View attachment 59323
Signing ceremony for Japanese dairy firm Yakult's new plant is held in Wuxi National Hi-tech District on April 16. [Photo provided to chinadaily.com.cn]

Japanese dairy firm Yakult signed a deal last week to expand its factory in the eastern Chinese city of Wuxi, Jiangsu province, making it the company's largest plant in the world.

Yakult will invest $300 million to build its second plant, aiming to meet fast growth in the Chinese market. The construction will start in August and is expected to finish by 2022.

Yakult's sales revenues in the Chinese market have seen continued double-digit growth in recent years thanks to the popularity of its probiotic dairy products among Chinese consumers.

Wuxi and Yakult have developed a friendly and co-operative relationship since 2013. As the COVID-19 epidemic broke out around the world, the two sides also exchanged medical protective materials to help against the virus.

Wuxi Party Secretary Huang Qin attended the signing ceremony and was bullish on the development of Yakult. Huang said the city government would provide a quality service for the new plant in the future, and expressed hope to deepen cooperation with Yakult.

The new plant is expected to lay a good foundation for expanding production capacity in China.

Susumu Hirano, general manager of Yakult (China) Investment Co, spoke highly of the measures Wuxi has taken to prevent and control the epidemic, adding that Yakult has seen rapid development in China thanks to quality government services and the business environment in Wuxi.

Yakult is one of the largest probiotic dairy product makers in the world. Its market share ranks first in both Chinese and world markets.
Click to expand...

Rhetoric against reality - if you want to participate in China's huge and fast growing consumer market .........
 
manqiangrexue

manqiangrexue

Brigadier
Jura said:
didn't know
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Summary would be good:

1. Chinese average urban household debt is 102% income while it is 93% income in the US with most of Chinese debt arising from housing acquisition.

2. Chinese household savings are much higher (>25% vs 7% in the US), providing much greater cushion against disaster.

3. Chinese average urban family household assets are 28% higher than the US equivalent with almost 60% in real estate, which is stable. American assets are mostly in stocks and futures and are greatly affected by crisis.

4. >80% of American jobs are in services, (which cannot be stockpiled) adding urgency for the economy to return to work.

5. Chinese distribution of wealth is more even than American, with the top 1% of Chinese families owning 17.1% of total household net assets compared to 38.6% in America.
 
Jura The idiot

Jura The idiot

General
manqiangrexue said:
Why? I just summarized your article, which provides so much more than what the title suggests. I didn't say you shouldn't post it.
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what I meant Today at 11:04 AM was I had had an issue with moderation, because I had been saying only "now I read" about China-related topics (for the reason I tried to explain and am ready to let go), but even now I don't comment much; for instance I perhaps should've provided the summary as you did Today at 10:10 AM
 
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