Chinese Economy Watch

Let me tell you something, I have know you virtually in this forum for 3 years, so up to a degree i consider you my friend, and we are learning both of us since each argument you make we need to counter argument it, thus we read.

Now our positions sometimes do not meet because each one of us comes from different countries and we think in what is best for each of our own specific countriy.

Indians of course will try to defend their economy, since if they have their domestic companies and keep jobs in India will help them to live better than importing from China.


Same in Mexico, we need to keep our jobs thus we must keep companies producing in Mexico.

Now protectionism and over production are real, because each contry will defend their local economy, so when China exports it does not translate automatically in benefits to the nations importing goods from China, so protectionism appear, I told you we have a free trade agreement with the USA in Mexico.

Nations have 3 ways to deal economically in trade one is free trade agreements, other is protectionism and the third is war, that is the reality, Mexico and the USA have a free trade agreement, Europe has a common market (a very developed form of free trade agreement and common currency). When nations decide the advantages of trade are bigger that the disadvanatges they sign the free trade agreement.

Mexico saw more benefits with a free trade agreement with the USA than Brazil, in the 1990s there was an idea of making a free trade agreement within the americas, Brazil rejected it under grounds they did not see enough advantages.

BEIJING, June 28 (Reuters) - China and Peru have achieved "substantial conclusion of negotiations" on the upgrading of a free trade agreement between both countries, Chinese state media said on Friday.
In a meeting with Peruvian President Dina Boluarte in Beijing, President Xi Jinping said both sides should coordinate and promote cooperation in fields such as minerals, energy, manufacturing, agriculture and others, state broadcaster CCTV said



At this moment Peru sees advantages in free trade agreements with China.

Now Europe has a more developed free trade agreement within the EU countries, since companies share technology and markets.

Tariffs will remain as long as China has surpluses, and has little intent to open the Chinese Market to foreign goods and does not protect intelectual property of foreign companies, by opening I mean importing more and leting western companies make money in China otherwise tariffs will emerge and China will lose due to highly subsidised economy and the fact chinese oligarchs do not allow Chinese consumers get cheaper goods at the expense of profits aka (defletion will happen like in Japan).
 
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Kazakhstan, China Enhance Trade Links with Middle Corridor Agreement​

By Nagima Abuova in Business, International on 2 July 2024

ASTANA — President Kassym-Jomart Tokayev signed a law on the ratification of the agreement between the government of Kazakhstan and China governments to develop the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor on July 1.
EB6AA234-9E33-4446-ACF3-4AC66A21A130.jpeg

Photo credit: zakon.kz
According to Kazinform, Tokayev also signed the law on the ratification of the agreement with China on the development of the Middle Corridor, including for container trains between China and Europe and on the ratification of the agreement with China on international road transport.
The agreements aim to optimize the use of road, rail and sea modes of transport, create favorable conditions for the transportation of goods and develop logistics centers in both countries. This initiative is expected to attract additional transit volumes to the Middle Corridor.
 

China-Serbia free trade agreement comes into effect​

Politics09:46, 02-Jul-2024
CGTN

Customs workers explain rules for certificates of origin at a foreign trade company, Yantai City, east China's Shandong Province, July 1, 2024. /CFP


Customs workers explain rules for certificates of origin at a foreign trade company, Yantai City, east China's Shandong Province, July 1, 2024. /CFP
The China-Serbia free trade agreement (FTA) came into effect on Monday and a launch event for the FTA was held in Novi Sad, Serbia's second-largest city.
Under the deal signed in October 2023, about 90 percent of the products traded between China and Serbia will be exempted from tariffs, while over 60 percent of them enjoying zero tariffs immediately after the FTA goes into effect.
Serbian Minister of Domestic and Foreign Trade Tomislav Momirovic and Chinese Ambassador to Serbia Li Ming attended the launch event.
Momirovic emphasized the agreement's significance for Serbia's economic development while affirming Serbia's commitment to an "ironclad friendship" with China. He said that the FTA will enhance trade, foster investment cooperation and integrate industrial chains to maximize economic benefits for both nations and boost their international competitiveness.
"This is a major development for the Serbian economy. We are looking at a market of 1.4 billion consumers," Momirovic said, adding that China has invested 5.5 billion euros ($5.9 billion) in Serbia, making it one of the country's largest investors.
Ambassador Li praised the timely implementation of the agreement, noting it took less than one and a half years from negotiation to finalization, which he said reflects "a high degree of political trust" and an "ironclad friendship" between China and Serbia.
 
Interesting projects




The new Railway, with no deadline yet to begin its construction, will be structured on an Irish gauge of 1,600 mm, and will connect the Port of Açu, on the coast of Rio de Janeiro, to Boqueirão de Esperança, in Acre, estimated at 4,400 km The main railways that will connect the Brazilian coast with the Peruvian coast will be the Central West Integration Railway (FICO) and the North-South Railway (FNS), which are already partially operational.


It is just a project that has been going on for 14 years and has no real effect since it would be better going by Bolivia o Chile


The controversial railway that China wants to build in South America
Gerardo Lissardy
From BBC Mundo
May 19, 2015
Knowing latin america they want China to pay
1720158722442.png

but maintainance will be a nightmare, very likely it will not happen it will be too expensive to maintain

Megahighway that connects Brazil to Chile becomes the route for the development of MS
In the state, new businesses are being created, jobs generated, labor, entrepreneurs and managers trained and projects developed by the private sector and the Public Power to take advantage of the potential that the continental road corridor will offer.
By Anderson Viegas, g1 MS
1720159019794.png
06/04/2023 11:49 pm Updated 6 months ago

1720159196314.png

North Argentina has easier but not much better climate than the amazon since it is arid
 
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Why China Leads India in AI and Robotics Talent​

While major investments are needed to expand and advance India's tech talent pool, Indian technologists abroad can help says Ravi Rao​


Global Indian Times
Jul 06, 2024




(A robotic dog in China imitating a yoga head stand. Photo Ravi Rao ©.)

By Ravi Rao*

I earned a BS in electrical engineering from the Indian Institute of Technology (IIT), Kanpur, teach computer engineering at a university in the United States, conduct research in artificial intelligence (AI), including collaborating with some teachers at IIT Delhi, and recently spent a month teaching at a university in central China. So, based on my experience, I offer some anecdotal comparisons on the race between India and China to develop advanced talent in artificial intelligence (AI) and the related fields of machine learning and robotics.

Before my visit, I knew very little about the province of Hubei, in the interior of China, where I was to teach. The World’s largest dam, the Three Gorges dam, is in Hubei. The provincial capital is Wuhan. During my entire stay and travels in and around Hubei, I came across very few foreigners.

I taught an engineering course to a class of 120 third year students at a mid-tier Chinese university in Hubei. The students were passionate, interested and with a strong work ethic. There were no late submissions of assignments and most put in serious effort in their work, with no copying from Chat GPT and other sources. Five of the students had outstanding knowledge and curiosity and were catalysts for the other students.

Most of the students were eager to pursue Ph.D. studies, with AI and robotics being the top choices. This reflects the emphasis and spending on rapidly developing the country’s capabilities in these fields, by both the government of China and major Chinese technology companies. Also, the students were attracted by the high salaries paid to advanced AI and robotics talent.

Recently The Economist ran a story about how large language models are being used to make robots smarter. The companies working on the robots are well-funded American startups in the Silicon Valley. Similar advances in robotics are taking place in China on university campuses as well.

One of my students brought a robotic dog to class, made by Unitree Robotics, a Chinese manufacturer. The Go2 robot dog is priced at $1,500. In the U.S., Boston Dynamics has an entry level robot dog that costs $75,000.

One day after class, we took the robotic dog out for a walk around the campus. It did a yoga head stand, competing with my posture, much to the amusement of onlookers. The robot was an instant hit with many people taking photos and videos. Children were especially fascinated. Introducing children to such advanced products is sure to spur their interest and imagination in technology.

I saw how easy access to advanced technology products in classrooms turbo-charged student interest. Several students in my class said that, during the summer break, they will learn how to program the Go2 robot dog using advanced AI techniques, including the latest large language models as well as free opensource tools, which U.S. and other western companies put up on the web. I was surprised to find that several students had paid subscriptions to ChatGPT 4, the latest AI tool from Open AI, the U.S. company backed by Microsoft.

Based on what I saw at a mid-tier university, the study and use of AI, machine learning, and robots must be far wider and deeper at the top universities in China. Many of the advances made by Chinese companies and universities in the commercial field are featured on bilibili.com, a Chinese site which is similar to YouTube.

Bilibil shows several robotic projects completed by first and second year college undergraduate students in China. It also features a large number of university and high school competitions in robotics. The content is in Chinese, and hence technologists in the West are largely ignorant about these developments. While it is possible to use AI to translate the content into English, it requires effort.

Wuhan University, the main university in Hubei province, recently celebrated its 130th year anniversary. It has 37 schools and departments, offering more than 120 undergraduate programs, 300 plus graduate programs and more than 200 doctoral programs. It has a total student population of 56,000.

I happened to be in Wuhan during graduation week. Among the 15,000 graduating in 2024, there were nearly 3,000 PhDs mainly in science, technology, engineering, and math (STEM).

Even with such a large output of graduates and PhDs, the quality of education is high. Wuhan is ranked 164th in the London Times Higher Education World University Rankings.


There are seven Chinese universities in the Times top 100 list, up from only two five years ago. In contrast, the highest-ranked Indian university on the list is the Indian Institute of Science, Bangalore, between #201-250. The highest ranked technology institute in India is IIT, Bombay, which comes in between 401-500.

It is sobering to compare Indian and Chinese universities even at the Asian level. Twelve universities in China are among the top 30, according to the Times rankings. The Indian Institute of Science is ranked #32, the next highest ranked Indian University is Anna University, Chennai, at #119.

The number of full-time students at the Indian Institute of Science is roughly 4,500. At Anna University the student population is nearly 13,000, less than a quarter of the number at China’s Wuhan University.

Chinese universities are rapidly improving their quality as well as creating a wide and deep pool of talent in AI, machine learning, robotics as well as in other STEM fields. This is not due to the efforts of a few Qian Xuesens’ – the celebrated Chinese engineer behind China’s rocket program. It is based on incremental development by hundreds of thousands of competent engineers and scientists, with adequate funding, focused on achieving well-defined goals.

Some of the top Chinese universities are attracting leading global STEM faculty by paying them two to three times what Harvard and Stanford pay in the U.S. In addition, Chinese faculty making major technological discoveries, including getting articles published in leading global research journals, are paid substantial bonuses.

Chinese universities are likely to exceed the prediction of a 2021 Georgetown University report. By 2025, the report stated, “Chinese universities will produce more than than 77,000 STEM PhD graduates per year compared to approximately 40,000 in the United States. If international students (mainly Indian and Chinese) are excluded from the US count, Chinese STEM PhD graduates would outnumber their US counterparts

In contrast, India trails far behind in building a pool of advanced STEM talent. For instance, while the number of IITs have risen to 23, their total annual intake of undergraduate engineering students is only around 20,000. This is about twice the number of Chinese students annually enrolling in engineering courses at just one university in China, Wuhan University.

Through a combination of expanding intake at existing top ranked institutes, like the IITs, as well as setting up hundreds of new universities, India needs to rapidly expand the output of quality STEM graduates. Such a talent pool will help attract Western manufacturing and services businesses, including in AI and robotics, to set up major operations and create millions of jobs in India. The talent pool can also help tackle other important problems in India, including developing education tools in the twenty major Indian languages to improve literacy as well as basic science and math skills, which are necessary to build an advanced STEM talent pool.

But expanding and setting up new universities in India requires major investment by the Government of India, which provides most of the funding for colleges and universities in India.

One way for the Indian universities to improve their quality is to engage in more research. But this too requires major investment by the government for new labs and faculty.

At the least, even with limited resources, STEM experts of Indian origin from around the globe need to collaborate with institutes in India. Such collaboration will stimulate student interest in advanced research and techniques in India and inspire them to conduct their own research.

Since 2020, in my own small way, I am collaborating on machine learning research with some faculty and students at the Indian Institute of Technology, Delhi. Our efforts have produced two papers published in journals and several papers presented at conferences across the world.
 
Very impressive but these are the unemployment rates in China for the age group 16-24 . 👇

What exactly are you going to do with so many STEM graduates / post graduates / PhDs when the unemployment rate as on July 2023 was ~ 21 % after which CCP stopped posting such news ?!

 
Very impressive but these are the unemployment rates in China for the age group 16-24 . 👇

What exactly are you going to do with so many STEM graduates / post graduates / PhDs when the unemployment rate as on July 2023 was ~ 21 % after which CCP stopped posting such news ?!


Your story's a little out of date,

This unemployment rate 2024 is being released every month

 
Fine. Please post the unemployment rates then & kindly explain the reason CCP stopped posting unemployment rates for the rest of the year last year.

Adopt new statistical methods
 

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