Chinese Economics Thread

horse

horse

Major
Registered Member
tphuang said:

from HW前HR​


i mean you can't really argue against that here BRI has created bigger markets for China
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I don't think, anybody expected it to happen this fast.

Nobody, including the Chinese.

Just five or three years ago, if the question was asked when will the ASEAN block trade with China overtake American or EU trade with China.

The answer everyone probably would say a few years or decade or two.

Like, it is today!

That is not the only thing.

The other thing is the trajectory, growth rates, etc.

Some are moving forward aggressively, while others appear to be standing still, or actually slipping a bit.
 
tphuang

tphuang

Lieutenant General
Staff member
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very aggressive price cuts across the board in China's cloud market
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Tencent & China mobile cloud seeing up to 40% & 60% discounts on various cloud products

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Alibaba cloud cutting by 40% for international clients and I think they made similar cuts for domestic clients already

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Alibaba going all out for oversea users in its 2023 Partner summit.

If Chinese cloud providers can offer local prices to capture market share, they should do it
 
Z

zbb

Junior Member
Registered Member
tphuang said:
keep in mind that people were locked down last April in Shanghai and nearby area. So yeah, higher expectations than this.

April was a little disappointing. May has looked really solid so far
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Below are China's industrial output yoy growth numbers for the 4 April periods since COVID:

April 2020 3.9%
April 2021 9.8%
April 2022 -2.9%
April 2023 5.6%

Despite the lockdown in Shanghai, April 2022 was only down 2.9% from the extremely high output level of April 2021. In this light, the analyst expectation of 10.9% increase for April 2023 was completely unrealistic.

Anyways, for the four April periods since COVID, China's industrial output grew at an annualized rate of 4.0% per year. For comparison, China's pre-COVID 2019 April industrial output growth was 5.4%.
 
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