Chinese Economics Thread

[Red Moon]

When ia china’s 2nd quarter GDP results published? Is it on thursday?

Yes. In other words, in a few hours.

 

[siegecrossbow]

Let's have a bet on what it is!

 

[localizer]

Let's have a bet on what it is!

Here's the forecasts:

 

[MrCrazyBoyRavi]

Stocks go up cuz:

-Low rates = People and institutions moving savings and bonds to higher risk investments such as stocks.
-So much liquidity around and people have nowhere to put it.

@MrCrazyBoyRavi China Q2 GDP comes out today at 10PM Eastern

View attachment 61808

I loaded up on NIO and Alibaba hoping for a boost from positive GDp numbers.

 

[Tyler]

I loaded up on NIO and Alibaba hoping for a boost from positive GDp numbers.

They should subsidize new plants for Nio, rather than just helping Tesla in Shanghai.

 

[Tyler]

Realistically, we are only looking at a 5-10% drop in US GDP this year, as per the IMF and other estimates.

Appreciating the Yuan actually means Chinese consumers buying more foreign-made products rather than Chinese-made products.
What needs to happen is the disposable incomes of Chinese consumers needs to increase.
Higher wages AND lower property costs for lower-income earners would be ideal.

How come property prices are still high, when there are excess supply of apartments?

 

[KYli]

Shanghai chose Tesla over Nio. However, Anhui has invested in Nio on the condition that it would move its headquarter and research facilities to Anhui.

 

[Tyler]

Saudi and EAU too are selling partly oil in rmb to China too. Iran's upcoming 400b 25years investment deal with China will see Iran supplying oil to China at highly discounted pricing and Chinese firms will get first right for all Iranian oil project developments. I predict that very soon the US will be expressing concern for the right of the Iranian people and her sovereign integrity(selling off to China).

Also worthy of notice is the development of China's DC/EP, they have started a public trial but remain quiet about it.

Are they going to impose sanctions on Chinese companies dealing with Iran?

 

[Tyler]

Shanghai chose Tesla over Nio. However, Anhui has invested in Nio on the condition that it would move its headquarter and research facilities to Anhui.

What they need are more plants for Nio. Their cars are just as good as those from Tesla. Any new Nio models coming soon?

 

[KYli]

What they need are more plants for Nio. Their cars are just as good as those from Tesla. Any new Nio models coming soon?

Nio doesn't need more plants as it has contracted Anhui Jianghuai Automobile Group for making its vehicles. 2 SUV, 2 Sedan, and 1 Minivan coming from now to 2021. Nio believes R & D and service are its differentiator.