Chinese Economics Thread

AssassinsMace

AssassinsMace

Lieutenant General
SamuraiBlue said:
The west doesn't need to finding various malware in the Chinese smart phones sold on the market already.
Same with the servers I believe ZTE was accused of couple of years ago.
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Yes and Japan itself recognizes the inferiority of their stealth fighter designs hence why they're buying US stealth fighters. :)
 
SamuraiBlue

SamuraiBlue

Captain
China’s Forex Reserves Plunge to More-Than-Three-Year Low
The world’s largest stockpile of foreign currency fell by $99.5 billion last month

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China’s foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the rainy-day funds to defend the yuan without triggering a huge flight of capital.


The People’s Bank of China said Sunday that the world’s largest stockpile of foreign currency plunged by $99.5 billion last month, to $3.23 trillion. The drop follows
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and continues a decline that picked up speed in August, as China’s exchange-rate policies started to appear to be in flux.


In mid-August, the central bank unexpectedly devalued the yuan, saying it wanted to bring its value more in line with market forces. But the action backfired, as investors sold the currency in panic fashion, forcing the Chinese central bank to dig into the reserves to stabilize it..... to read more
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SamuraiBlue

SamuraiBlue

Captain
Oooops, Sorry that was the old new here is an update to recent situation.

China’s Forex Reserves Decline Further in December to Hover over $3T

China's foreign exchange reserves continued its downslide in December as it declined for straight six months to hit a five year low. However, the Chinese government can take respite in the fact that the decline was less than what most analysts had expected.


China's exchange reserves witnessed a decline of $41 billion last month to reach at $3.011 trillion, according to the data issued by China's central bank on Saturday. The reserves had recorded more steep fall in the previous month of November at $69.06 billion.

Meanwhile,
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in reserves for December. The poll estimated that the country's reserves would drop by $51 billion to reach $3.001 trillion.

The continuous freefall in China's reserves has been attributed to yuan's poor performance during most part of 2016.
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the US dollar, the Chinese government had dig deep into foreign reserves to save its falling currency.

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tidalwave

Senior Member
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1)Skyworks Solutions (over 83% revenue coming from China)
2)Qualcomm (over 61% revenue from China)
3)Broadcom (55% revenue from China)
4)Micron (52% revenue from China)
5)Nvidia (48% revenue from China)
6)Avago (45% revenue from China)
7)Applied Material (42% revenue from China)
7)Texas Intrument (39% revenue from China)
8)SanDisk (36% revenue from China)
9)MicroChip Tech (33% revenue from China)
10)Marvel (32% revenue from China)


Top 10 US companies most reliant on China all Semiconductor companies.
If trade war started. you know where China going to Hit!
 
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