Chinese Economics Thread

D

drowingfish

Senior Member
Registered Member
manqiangrexue said:
Summary would be good:

1. Chinese average urban household debt is 102% income while it is 93% income in the US with most of Chinese debt arising from housing acquisition.

2. Chinese household savings are much higher (>25% vs 7% in the US), providing much greater cushion against disaster.

3. Chinese average urban family household assets are 28% higher than the US equivalent with almost 60% in real estate, which is stable. American assets are mostly in stocks and futures and are greatly affected by crisis.

4. >80% of American jobs are in services, (which cannot be stockpiled) adding urgency for the economy to return to work.

5. Chinese distribution of wealth is more even than American, with the top 1% of Chinese families owning 17.1% of total household net assets compared to 38.6% in America.
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I think most of Chinese household debt are in mortgages lol
 
Jura The idiot

Jura The idiot

General
Coronavirus: China’s industrial giants see profits collapse in first quarter of 2020
  • From January to March, China’s industrial giants’ profits were down 36.7 per cent, with the energy and automotive sectors suffering huge drops
  • Chemicals and ferrous metals processing were next worst hit, as China’s efforts to reopen the economy continue

perhaps more interesting than the profit data is info about unemployment inside
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so follow the link if interested
 
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L

LesAdieux

Junior Member
China Standards 2035
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America is not going to like this...

  • China is set to release a new plan this year called “China Standards 2035” with the aim of influencing how the next-generation of technologies, from telecommunications to artificial intelligence, will work.
  • Standards will define how some technologies work and their interoperability around the world.
  • Experts described standards as something that can “shape the playing field and landscape for the future of these technologies.”
  • But China will have challenges dislodging the dominance of Europe and the U.S., experts said.
​

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D

drowingfish

Senior Member
Registered Member
Jura said:
Coronavirus: China’s industrial giants see profits collapse in first quarter of 2020
  • From January to March, China’s industrial giants’ profits were down 36.7 per cent, with the energy and automotive sectors suffering huge drops
  • Chemicals and ferrous metals processing were next worst hit, as China’s efforts to reopen the economy continue

perhaps more interesting than the profit data is info about unemployment inside
Please, Log in or Register to view URLs content!
so follow the link if interested
Click to expand...
wow the numbers here is a LOT better than i thought. can't believe the industrial giants are still making money...
 
Jura The idiot

Jura The idiot

General
drowingfish said:
wow the numbers here is a LOT better than i thought. can't believe the industrial giants are still making money...
Click to expand...
yeah I recall thinking something like 'some profit is better than none' while reading it
***

came here to share what I now noticed which is
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I guess more important than stocks currently rising is the info People's Congress will meet this May
 
H

Hadoren

Junior Member
Registered Member
So one question - what effect will the new American "dual military" regulations have on China's development?

I'm not sure to what extent companies are dependent on these American exports, nor the extent to which they can be replaced.

They talk about several things:

Civil aviation parts and components - I guess this is an attack on COMAC? COMAC is so weak it can be killed a bunch of ways (e.g. jet engines, American FAA refusing to give approval). It's also doing a great job of killing itself without any outside help lol.

Semiconductor production equipment - Prohibiting export of Applied Materials, KLA-Tencor, and Lam Research? I think their equipment is actually more replaceable than the Americans think, especially with Japanese suppliers.

Certain integrated circuits, telecommunications equipment - I think this is an attack on ZTE, specifically things like Xilinx's field programmable gate arrays. I'm not sure how how much affect it has on Huawei.

Radar - An attack on COMAC? Not sure how many other Chinese companies really depend on American radar.

High-end computers - ???
 
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