Chinese Economics Thread

tphuang

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韩媒:韩国5月前20天出口同比减16.1%,贸易收支连续14个月呈现逆差!

韩国这是竞争力严重下降导致的吧,押宝到半导体,结果行业衰退加上美国人限制卖给中国,悲剧了。我棒

韩联社报道,据韩国关税厅(海关)5月22日发布的初步统计数据,韩国5月前20天出口额同比下滑16.1%,为324.43亿美元。出口已经连续下滑7个多月,贸易收支也连续14个月以上呈现逆差,今年以来的累计贸易逆差即将超过300亿美元。开工日数为14.5天,较去年同期减少0.5天,日均出口额同比减少13.2%。
Not to trash on the Koreans here, but this is just to show that world trade at current time isn't exactly booming. If China is able to outperform its 2022 numbers again this month, it would be quite the accomplishment.

Quite the decline for Korean industries
 

zbb

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sunnymaxi

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German healthcare equipment provider Siemens Healthineers plans to invest more than CNY1 billion (USD142 million) to construct a second research and production base in the southern Chinese city of Shenzhen.

Siemens Healthineers' unit Siemens Shenzhen Magnetic Resonance signed a strategic cooperation framework agreement with the government of Shenzhen's Nanshan district on the base, which will develop and make high-end medical equipment, the Erlangen-based firm said yesterday.

“China is of elementary importance for Siemens Healthineers,” Xinhua News Agency reported Chief Executive Bernd Montag as saying. “Through its technology savviness and openness to partnerships and innovation, it is already, and will continue to be, a strategic innovation driver for us locally as well as globally.

“Our decision to invest in a research center as well as in production in Shenzhen bears testament to Shenzhen's innovative capacity and pioneering spirit,” Montag added.

Siemens Healthineers built its first base in Shenzhen in 2002. Since then, it has delivered 8,000 pieces of equipment, mostly magnetic resonance and angiography systems, and over one million medical electronic components to more than 100 countries. Its localization rate has reached about 80 percent.

Magnetic resonance is a key medical imaging equipment with no radiation and is vital in treating tumors and nervous system diseases. China's MR market will nearly triple to CNY24.4 billion (USD3.5 billion) in 2030 from CNY8.9 billion in 2020, with a compound annual growth of about 10 percent, much higher than the global average, per data from China Insights Consultancy.
 

abenomics12345

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German healthcare equipment provider Siemens Healthineers plans to invest more than CNY1 billion (USD142 million) to construct a second research and production base in the southern Chinese city of Shenzhen.

Siemens Healthineers' unit Siemens Shenzhen Magnetic Resonance signed a strategic cooperation framework agreement with the government of Shenzhen's Nanshan district on the base, which will develop and make high-end medical equipment, the Erlangen-based firm said yesterday.

“China is of elementary importance for Siemens Healthineers,” Xinhua News Agency reported Chief Executive Bernd Montag as saying. “Through its technology savviness and openness to partnerships and innovation, it is already, and will continue to be, a strategic innovation driver for us locally as well as globally.

“Our decision to invest in a research center as well as in production in Shenzhen bears testament to Shenzhen's innovative capacity and pioneering spirit,” Montag added.

Siemens Healthineers built its first base in Shenzhen in 2002. Since then, it has delivered 8,000 pieces of equipment, mostly magnetic resonance and angiography systems, and over one million medical electronic components to more than 100 countries. Its localization rate has reached about 80 percent.

Magnetic resonance is a key medical imaging equipment with no radiation and is vital in treating tumors and nervous system diseases. China's MR market will nearly triple to CNY24.4 billion (USD3.5 billion) in 2030 from CNY8.9 billion in 2020, with a compound annual growth of about 10 percent, much higher than the global average, per data from China Insights Consultancy.

Joerg Wuttke, President of the European Union Chamber of Commerce in China: “If you’re not at the table, you’re on the menu”

Beijing United Imaging/Mindray will be eating the MNCs (Siemens/Phillips/GE) for lunch if they don't localize.
 

Strangelove

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Chinese purchases of Russian aluminum shoot up by 200% – customs data​

Imports reportedly tripled in April year-on-year

Chinese purchases of Russian aluminum shoot up by 200% – customs data

Stacks of aluminium ingots in a foundry in Sayanogorsk, Russia

Beijing bought nearly 89,000 tons of refined aluminum from Russia in April – nearly three times the amount purchased during the same period last year and the second-highest volume on record, Bloomberg reported on Monday, citing Chinese customs data.

Since the start of the conflict in Ukraine, between March 2022 and February 2023, Chinese imports of Russian aluminum increased by nearly 94% to reach 538,500 tons worth $1.36 billion. Russia’s share of Chinese aluminum imports stood at roughly 69% last year.

Russia has in turn increased purchases of Chinese alumina – a substance used in the smelting of aluminum metal, according to the media outlet.

China is the world’s largest aluminum producer and consumer, accounting for around 59% of global production of the metal in 2022, according to the International Aluminum Institute.

Russia, one of the world’s top aluminum exporters, has seen its exports restricted by the US and its allies. In February 2023, Washington imposed 200% duties on imports of Russian-made aluminum products. In March, Canada banned imports of Russian aluminum and steel.

Russian aluminum producers have responded by turning to countries that have not supported Western sanctions.
 
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