Chinese Economics Thread

Michael90

Junior Member
Registered Member
Entire western world bar some hostile nations and Middle eastern countries have visa free entry. and don't forget about Korea and Japan too.

on every weekend, Shanghai become mini Seoul. "going to China for shopping on Friday" is a new trend in South Korea''

South Koreans made 8 million trips to Shanghai city alone in November 2024 to Feb, 2025.

Snacks and Oreos sales broke all the record. beauty saloons overwhelmed by the Female Korean tourists. almost half the price as compare to Korea. :D one nail saloon owner says, her friend list on wechat are mostly south koreans now. she adds she never seen anything like it in 20 years.

Yeah the visas free policy has been a boon for the chinese market in attracting tourists again after the zero covid policy basically chaae away almost every foreigner from the country and the fact that the chinese government opened up way later than the world meant people were reluctant to visit China again. However with time and most of all the visa free policy which makes it easier for people to travel to china tourist number have returned to the pre covid era finally.
The visa free policy for south Koreans explains the large nunbers now travelling to China, but let's also hope this is will be a new nornal and will carry on like that for the foreseeable future and not just a temporary excitement of having visa free policy to china which is something new for them. Hopefully this will lead to even more korean/asian/western tourists coming to china since word of mouth is the most powerful marketing ever.
 

fishrubber99

Junior Member
Registered Member
But retail sales still sucks, hope more child benefits will be introduced. It looks like until real estate finally stabilize (it should be soon, we're very close to the bottom) retail sales won't see better growth without cash stimulus in some form.

Number of vehicles sold is up 14% YoY but total sales by revenue is practically flat (~0-1% automotive retail sales growth), we shouldn't get stuck in the trap of thinking that because sales revenue isn't growing very fast that people aren't benefitting from cheaper products that translate into large amounts of consumer surplus.
 

Michael90

Junior Member
Registered Member
Number of vehicles sold is up 14% YoY but total sales by revenue is practically flat (~0-1% automotive retail sales growth), we shouldn't get stuck in the trap of thinking that because sales revenue isn't growing very fast that people aren't benefitting from cheaper products that translate into large amounts of consumer surplus.
How is it possible that car sales increase by 14% which is quite a lot, but revenue remain the same? That will mean that car sales prices have declined even more than they were already ?
 

ENTED64

Junior Member
Registered Member
How is it possible that car sales increase by 14% which is quite a lot, but revenue remain the same? That will mean that car sales prices have declined even more than they were already ?
Well it means the average selling price declined a lot but that's not necessarily due to prices of the same car declining but rather it could be that more mass market cars are being sold and less top end cars are being sold. In reality it's probably a combination of both some price declines due to fierce competition but also more volume in sales in mass market models that were priced lower to begin with.
 
Top