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Pls post the video. I don’t want to share my personal details.
Chinese Economy Watch
- Thread starter rockdog
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Pls post the video. I don’t want to share my personal details.
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Looks like It was reported later as NSFW so it became unavailable without login.
View: https://x.com/xghana_/status/1809570160648298608
China's Achilles' heel—capital flight | Brookings
Amid speculation of a new round of capital flight from China, Robin Brooks analyzes the data.
www.brookings.edu
China faces economic headwinds as it grapples with an aging — and shrinking — population
Birth rates are falling around the world as women choose to have children later, or not at all.
China's local governement agencies are desperately seeking new financing
Hit hard by the economic slowdown and property crisis, China's heavily indebted local agencies will also be demanding back taxes from companies.
www.lemonde.fr
Asia is set to embrace protectionism in face of China's overcapacity
Pressure growing across region as West imposes more tariffs on Beijing
asia.nikkei.com
Overproduction played a significant role in causing the Great Depression by creating an imbalance between supply and demand. Here's a breakdown of how this occurred:
1. **Industrial Overproduction**: During the 1920s, technological advancements and increased industrial capacity led to a significant increase in the production of goods. Factories were producing more goods than the market could absorb.
2. **Agricultural Overproduction**: Similarly, the agricultural sector experienced overproduction due to improvements in farming techniques and machinery. Farmers produced more crops than the market needed, leading to a surplus.
3. **Falling Prices**: The surplus of goods resulted in a decrease in prices. While lower prices might seem beneficial, they reduced the overall income of businesses and farmers. This led to reduced profits and, in many cases, significant financial losses.
4. **Layoffs and Unemployment**: As profits declined, businesses and farms were forced to cut costs, leading to layoffs and reduced wages. This increased unemployment and decreased consumer purchasing power.
5. **Reduced Consumer Spending**: High unemployment and lower wages meant that people had less money to spend. Consumer spending, which drives demand for goods and services, declined sharply.
6. **Economic Slowdown**: With reduced consumer spending, businesses faced declining sales and further reduced production. This created a vicious cycle of layoffs, reduced income, and declining demand.
7. **Bank Failures**: The economic slowdown led to widespread bank failures. As banks collapsed, people lost their savings, further reducing consumer spending and contributing to the economic downturn.
8. **Global Impact**: The effects of overproduction and the resulting economic issues were not confined to the United States. International trade also suffered, leading to a global economic downturn.
In summary, overproduction led to an economic imbalance where supply far outstripped demand, causing falling prices, reduced profits, layoffs, and decreased consumer spending. This chain of events contributed significantly to the onset and severity of the Great Depression.
1. **Industrial Overproduction**: During the 1920s, technological advancements and increased industrial capacity led to a significant increase in the production of goods. Factories were producing more goods than the market could absorb.
2. **Agricultural Overproduction**: Similarly, the agricultural sector experienced overproduction due to improvements in farming techniques and machinery. Farmers produced more crops than the market needed, leading to a surplus.
3. **Falling Prices**: The surplus of goods resulted in a decrease in prices. While lower prices might seem beneficial, they reduced the overall income of businesses and farmers. This led to reduced profits and, in many cases, significant financial losses.
4. **Layoffs and Unemployment**: As profits declined, businesses and farms were forced to cut costs, leading to layoffs and reduced wages. This increased unemployment and decreased consumer purchasing power.
5. **Reduced Consumer Spending**: High unemployment and lower wages meant that people had less money to spend. Consumer spending, which drives demand for goods and services, declined sharply.
6. **Economic Slowdown**: With reduced consumer spending, businesses faced declining sales and further reduced production. This created a vicious cycle of layoffs, reduced income, and declining demand.
7. **Bank Failures**: The economic slowdown led to widespread bank failures. As banks collapsed, people lost their savings, further reducing consumer spending and contributing to the economic downturn.
8. **Global Impact**: The effects of overproduction and the resulting economic issues were not confined to the United States. International trade also suffered, leading to a global economic downturn.
In summary, overproduction led to an economic imbalance where supply far outstripped demand, causing falling prices, reduced profits, layoffs, and decreased consumer spending. This chain of events contributed significantly to the onset and severity of the Great Depression.
Hong Kong stocks decline by most in a week as EU tariffs hit Geely, BYD
Hong Kong stocks retreated, underperforming regional markets, after the European Union announced provisional import tariffs on Chinese electric vehicles.
amp.scmp.com
China’s population drops for a second year despite government push for more babies
The number of newborns in China last year was 9.02 million, more than half a million fewer than the previous year.
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China 6 times ahead of US in GenAI patents, tops with 38,000 filings
Chinese companies lead in GenAI patents, with Tencent topping the list with 2,074 inventions. IBM is the only non-Chinese company in the top five.
Updated: Jul 06, 2024 06:03 AM EST
Aman Tripathi
GenAI patent filings surge, with image and video data leading the charge.
iStock
Anew United Nations report has revealed that China is significantly ahead in the global race for generative artificial intelligence (GenAI) patents.
The report, published by the World Intellectual Property Organization (WIPO), analyzed GenAI patent filings between 2014 and 2023. It shows that China has filed over 38,000 patents during this period.
Notably, this figure is a staggering six times more than those filed by inventors based in the United States.
GenAI’s Explosive growth and China’s dominance
“Generative AI is a cutting-edge technology that is poised to disrupt various economic, social, and cultural sectors, and it extends far beyond simple human-like text generation using chatbots,” read the report.It has experienced explosive growth in recent years, and the WIPO report reveals that over 50,000 patent applications related to GenAI have been filed globally in the past decade. Moreover, a quarter of them were submitted in 2023 alone.
The geographic distribution of GenAI patents further underscores China’s dominance in this field. The country boasts 38,210 inventions, dwarfing the US (6,276 patents), South Korea (4,155), Japan (3,409), and India (1,350).
This dramatic lead underscores China’s strategic focus on AI as a key area of technological development. Subsequently, Chinese companies and institutions dominate the list of top patent applicants, with Tencent Holdings leading at 2,074 inventions, followed by Ping An Insurance (1,564) and Baidu (1,234).
The Chinese Academy of Sciences ranks fourth with 607 inventions, while IBM is the only non-Chinese company in the top five with 601 inventions.
Specific GenAI applications
The report also highlights specific applications of GenAI technology, with image and video data leading the charge in patent filings, accounting for 17,996 inventions.Text-based applications follow closely at 13,494 patents, while speech- and music-related inventions total 13,480.
GenAI patents for molecule, gene, and protein-based data have surged as well. Since 2014, 1,494 inventions have been filed, with an average annual growth of 78% over the past five years.
While current applications of GenAI, such as chatbots, are already enhancing customer service experiences, the future holds even more transformative possibilities. From revolutionizing scientific research and drug development to transforming publishing, transportation, and security, GenAI is poised to reshape the global economic landscape.
“GenAI has emerged as a game-changing technology with the potential to transform the way we work, live and play,” said Daren Tang, WIPO Director General.
The race is on
Currently, GenAI patents make up 6% of total AI patents worldwide. However, the growth in patent filings since the introduction of the deep neural network architecture in 2017 signals an expanding field.“The number of GenAI patents has increased by over 800%” since 2017, commented the WIPO report.
The report paints a clear picture that China is currently leading in GenAI patents. However, considering the ever-evolving nature of this technology, it will be safe to surmise that the race for GenAI innovation is far from over.
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China reacts to EU tariffs on electric vehicles by stepping up brandy investigation
China is escalating its investigation on European brandy in response to EU tariffs. The economies of both powers are at stake.
www.cointribune.com
China on the brink of economic meltdown as government bonds tank | World | News | Express.co.uk
Experts fear a Chinese bond bubble could be about to burst in what would be a disastrous outcome for the economy.
China crash leaves Australia in $10 billion a month free fall
Australia's economy is already hitting a brick wall, but it could be about to get much worse, writes Stephen Koukoulas.
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Exports are different than purchases. You can export and warehouse cars without customers. How many Chinese cars are actually being bought by consumers?
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