Chinese Economy Watch
- Thread starter rockdog
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Excellent !!
I'm anticipating 1 or 2 global automotive giants located in the west to declare bankruptcy in the next couple of years beginning now i.e between 2025-27 due to the Chinese EV onslaught which'd trigger a Domino effect among the rest of the western automotive industry eco system.
That should trigger off the much anticipated trade war between China & the west led by the US. That in turn will precipitate an international crises few would anticipate today throwing up incidents with a lot of unintended consequences.
China must certainly pay back the gwailou in their coin be it in trade or other issues like fentanyl . We at DFB certainly support China on behalf of all 3rd world countries & wish China the best in its endeavours.
On the contrary, neither the eastern nor the Western auto giants will go bankrupt.
These enterprises are important symbols of national industry, and are protected by the state market and financial subsidies
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How old are you ?
The same as you
Chinese EV brands dominate Indonesian market in August
(Xinhua) 09:38, September 19, 2024JAKARTA, Sept. 18 (Xinhua) -- Chinese car manufacturers emerged as the best-selling brands in Indonesia's electric vehicle (EV) market in August, surpassing other Asian competitors, according to data from the Association of Indonesia Automotive Industries (GAIKINDO) released on Wednesday.
China-based BYD came at the top EV producer that gained the most popularity in the Southeast Asian country, recording a total of 2,971 unit sales, with Seal and Atto 3 being the most favorite series. Two other Chinese EV brands, Chery and Wuling, followed closely, each selling more than 400 units.
"BYD has recorded extraordinary achievement in terms of order, even if compared to other Chinese brands," GAIKINDO said in an official statement on its website.
South Korean EVs, such as the Hyundai Ioniq and Kona Electric, recorded significantly lower sales, with 182 units each.
Chinese EVs are gaining popularity in Indonesia as the demand continues to grow.
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I'm nearing 40 &: if you're the same age as me why do you sound like you've failed Gaokao ?
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interesting propaganda, so indonesia has a population of how many million? so less than 3000 cars, so how many million people in indonesia have cars? and what is the population of Indonesia? how many cars are sold in indonesia?
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In what way is asking you why you sound like a Gaokao fail a personal attack ?[IMG alt="FalconSlayers"]https://defenceforumbharat.com/data/avatars/m/0/21.jpg?1721981678[/IMG]
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Import Value of China-made EVs Soars by 848% from Jan. to July, Making China the Top Import Country
- 2024.09.18 23:42
Previously, most Chinese electric vehicles imported into South Korea were commercial vehicles such as buses and trucks. However, the landscape shifted dramatically with the introduction of Chinese-made Teslas produced at the Shanghai Gigafactory. These vehicles, imported since the second half of last year, are offered at a lower price than their U.S.-made counterparts, significantly boosting their appeal to South Korean consumers.
From January to July this year, the import value of Chinese electric vehicles reached $848 million, accounting for 65.8% of the total import value. This marks the first time the import value of Chinese electric vehicles has reached approximately 1.135 trillion won, making China the overwhelming leader in South Korea's EV import market. Germany, which was the top importer last year, ranked second with $338 million, followed by the United States ($44 million) and the United Kingdom ($23 million).
The influx of Chinese electric vehicles is expected to continue, with BYD, China's largest automaker, planning to import its low-cost electric cars into South Korea starting in the second half of this year. This development is likely to intensify competition in the domestic market, where South Korean automakers will have to contend with the price competitiveness of Chinese EVs.
Conversely, South Korea's export of pure electric vehicles to China remains almost nonexistent, contributing to a trade deficit in the EV sector. The aggressive expansion of Chinese electric vehicles in overseas markets, particularly in Europe, further compounds the challenges faced by South Korean automakers. The share of Chinese electric vehicles in the European pure electric vehicle market exceeded 18% in the first half of this year and is rapidly increasing.
According to the Korea Automobile Manufacturers Association (KAMA), the market share of Korean electric vehicles in the global market decreased by 0.8 percentage points to 9.6% in the first half of this year, down from 10.4% last year. This decline underscores the need for South Korean automakers to innovate and enhance their competitiveness in the face of growing Chinese dominance.
In a recent report, the Korea Institute for Industrial Economics and Trade emphasized the importance of innovation in production methods and supply chain efficiency to secure price competitiveness. "To secure price competitiveness, innovation in production methods and supply chain efficiency are necessary, and a thorough analysis of the sources of China's price competitiveness must precede," the institute stated.
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come on do not be ultra sensitive, I do not think he went off the limits, try to be honest you also post things that annoy them all the bragging is annoying but the civility of the forum is pretty good, at least in this thread I do not think beyond a few nicknames we have gone violent or rude most is is disagreements, but I think civility has been preserved in the forum[IMG alt="FalconSlayers"]https://defenceforumbharat.com/data/avatars/m/0/21.jpg?1721981678[/IMG]
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शौर्यम् दक्षम् युध्धेयः, बलिदान् परम् धर्मः
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नमस्ते शारदे देवी काश्मीरपुरवासिनि,
त्वामहं प्रार्थये नित्यं विद्यादानं च देहि मे ॥
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Senator Marco Rubio seeks to bar Chinese firms from evading US tariffs by manufacturing in other countries
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