Chinese Economy Watch

[E-195]

China's building material giant, Saudi Aramco sign deal to advance green materials​

(Xinhua) 13:01, September 25, 2024
RIYADH, Sept. 24 (Xinhua) -- China National Building Material Group (CNBM) and Saudi Aramco signed a five-year cooperation agreement on Tuesday to explore new opportunities in advanced materials and industrial development.

The companies identified potential areas of collaboration, including establishing manufacturing facilities in Saudi Arabia for wind turbine blades, hydrogen storage tanks, lower-carbon building materials, and energy storage solutions.

They also discussed a joint technology development center and laboratory to promote innovation.

CNBM Chairman Zhou Yuxian said the agreement combined the strengths of both companies for a win-win partnership.

"The CNBM is dedicated to promoting the green and low-carbon transformation of the building materials industry," said Zhou. He added that this collaboration will help the CNBM utilize its expertise in offering comprehensive low-carbon solutions in the non-metallic materials sector, thereby supporting Saudi Aramco's transformation and development.

Wail Al Jaafari, Aramco's executive vice president for technical services, highlighted the company's commitment to expanding its relationship with CNBM to pursue breakthroughs in materials science.

"By combining Aramco's expertise in nonmetallic materials and CNBM's industry know-how, we aim to identify groundbreaking advances and new business opportunities," he said.

The cooperation agreement builds on Aramco's existing relationship with CNBM, following the launch of the Nonmetallic Excellence and Innovation Center for Building Materials in Beijing in 2021.

so what you keep silence how come China only imports 1/4 of what it exports from the uSA and Mexico imports 3/4 of what it exports to the USA. who do you think will be more affected?

yes trump can impose tariffs on Mexico but we buy much more, you buy less, so they lose less if they impose tariffs on american companies, in your case they put tariffs on Chinese car brands, in our case on american tractor manufacturers, likely you will lose more

But your silence shows you accepted what i said

 

[helin]

On September 22, it was reported that Huawei, in collaboration with the UAE operator du, successfully deployed the first indoor network in the Middle East based on three-carrier aggregation (3CC) technology using the LampSite X digital solution.



▲ UAE du headquarters building, source: Huawei
The network achieves a peak rate of 5.1 Gb/s, marking an important milestone for du in building a 5G-A network. IT Home learned that du partnered with Huawei in 2021 to launch the first ubiquitous gigabit indoor network in the Middle East. This collaboration aims to enhance mobile connectivity quality in indoor scenarios such as shopping malls, hotels, airports, and residential buildings.
Saleem AlBlooshi, the Chief Technology Officer of du, stated: "Introducing 5G three-carrier aggregation technology in the indoor solution (IBS) network is a crucial step to ensure a leading 5G user experience. It enhances our network capabilities and quality, significantly improving customer satisfaction."

 

[helin]

so what you keep silence how come China only imports 1/4 of what it exports from the uSA and Mexico imports 3/4 of what it exports to the USA. who do you think will be more affected?

yes trump can impose tariffs on Mexico but we buy much more, you buy less, so they lose less if they impose tariffs on american companies, in your case they put tariffs on Chinese car brands, in our case on american tractor manufacturers, likely you will lose more

But your silence shows you accepted what i said

Because China is the only factory of the world and Mexico is not

 

[helin]

China is the world’s sole manufacturing superpower: A line sketch of the rise

The US is the world’s sole military superpower. It spends more on its military than the ten next highest spending countries combined. China is now the world’s sole manufacturing superpower. Its production exceeds that of the nine next largest manufacturers combined. This column uses the recently...

cepr.org

 

[helin]

In the next 20 years,

China's manufacturing advantage will always be maintained

 

[helin]

Exports account for only a fifth of China's gdp,

China's economic growth does not depend on exports

 

[E-195]

Because China is the only factory of the world and Mexico is not

poor boy he forgets what moves the economy are the banks, does not matter China or Mexico or the west or Russia are manufacturing, what is important is the currency circulating, finaces control the world.

lesson from capitalists since you are a communist subdit it is not manufacturing what rules the world but finances and oh God do you know what are the more used currencies? USA Dollar and European Euro



It seems that is the reason China is desperate to sell EVs to Europe and the USA

What are the top 10 most traded currencies in the world?

The forex market is the biggest market in the world, accounting for an average of $6.6 trillion worth of trades each day. Here we take a look at the top 10 most traded currencies, which are involved in nearly 90% of trades.

www.ig.com

No money no sales

 

[helin]

poor boy he forgets what moves the economy are the banks, does not matter China or Mexico or the west of Russia is manufacturing, what is important is the currency circulating, finaces control the world.

lesson from capitalists since you are a communist subdit is is not manufacturing what rules the world but finances and of God do you know what are the more used currencies? USA Dollar and European Euro

View attachment 10437

It seems that is the reason China is desperate to sell EVs to Europe and the USA

View attachment 10438

What are the top 10 most traded currencies in the world?

The forex market is the biggest market in the world, accounting for an average of $6.6 trillion worth of trades each day. Here we take a look at the top 10 most traded currencies, which are involved in nearly 90% of trades.

www.ig.com

Where is Peso mexicano?

 

[E-195]

Where is Peso mexicano?

what a fool, the largest currency by useage are dollars, euro and Yuan, by population numbers, however by trade you are still losers, yes losers because in trade currencies dollar is higher

Most Traded Currencies in the World (2024)
# Currency Share of turnover(%)
1 US Dollar 87.62%
2 Euro 31.27%
3 Japanese Yen 21.56%
4 Great British Pound 12.78%
5 Australian Dollar 6.94%
6 Canadian Dollar 5.13%
7 Swiss Franc 4.73%
8 Chinese Renminbi 3.97%
9 Swedish Krona 2.22%
10 Mexican Peso 2.2%
11 New Zealand Dollar 2.06%
12 Singapore Dollar 1.79%
13 Hong Kong Dollar 1.73%
14 Norwegian Krone 1.67%
15 South Korean Won 1.65%
16 Turkish Lira 1.4%
17 Indian Rupee 1.14%
18 Russian Ruble 1.14%
19 Brazilian Real 1%
20 South African Rand 1%
Taking Advantage of the Most Traded Currencies in the World

The Top 5 Most Traded Currencies in the World

What are the most traded currencies in the world? We break down each of the most popular currencies and find out the factors that cause their movement.

fxssi.com

China and Japan have the same value but there is a catch Japan has 1/12 the population of China

and Japan has a more traded currency got it mister Rich Chinese

 

[helin]

what a fool, the largest currency by useage are dollars, euro and Yuan, by population numbers, however by trade you are still losers, yes losers because in trade currencies dollar is higher

Most Traded Currencies in the World (2024)
# Currency Share of turnover(%)
1 US Dollar 87.62%
2 Euro 31.27%
3 Japanese Yen 21.56%
4 Great British Pound 12.78%
5 Australian Dollar 6.94%
6 Canadian Dollar 5.13%
7 Swiss Franc 4.73%
8 Chinese Renminbi 3.97%
9 Swedish Krona 2.22%
10 Mexican Peso 2.2%
11 New Zealand Dollar 2.06%
12 Singapore Dollar 1.79%
13 Hong Kong Dollar 1.73%
14 Norwegian Krone 1.67%
15 South Korean Won 1.65%
16 Turkish Lira 1.4%
17 Indian Rupee 1.14%
18 Russian Ruble 1.14%
19 Brazilian Real 1%
20 South African Rand 1%
Taking Advantage of the Most Traded Currencies in the World

The Top 5 Most Traded Currencies in the World

What are the most traded currencies in the world? We break down each of the most popular currencies and find out the factors that cause their movement.

fxssi.com

View attachment 10439

China and Japan have the same value but there is a catch Japan has 1/12 the population of China

and Japan has a more traded currency got it mister Rich Chinese

Good ranking, I'm happy with it,

America, Europe, China

 

[helin]

On September 25, it was reported that Wang Zhonglin, a world-leading scientist in nanoscience and nanotechnology known as the "father of the nanogenerator," has left his decades-long career in the United States and returned to China for a position.



According to the South China Morning Post on September 24, multiple Chinese media outlets and a professor from Georgia Tech have confirmed that Wang Zhonglin has resigned from his position in the U.S. and is currently working full-time at a research institute in Beijing that he helped establish. As of the publication by IT Home, neither Wang Zhonglin nor Georgia Tech has responded to this matter.

The report also mentioned that at the end of 2010, Wang Zhonglin came to China to attend a conference where Bai Chunli, then the executive vice president and deputy secretary of the Chinese Academy of Sciences, asked him if he was interested in leading the establishment of a research institute focused on nanotechnology and nanomaterials. After returning to the U.S., Wang immediately applied to Georgia Tech, and after receiving approval, he helped establish the Beijing Institute of Nanoenergy and Nanosystems under the Chinese Academy of Sciences.

The official website of the Beijing Institute of Nanoenergy and Nanosystems shows that the first council meeting was held on July 19 this year, where seven industry and investment experts, including Chinese Academy of Sciences academician Li Yuliang, formed the first council of the institute. According to information on its website, the meeting voted to appoint Wang Zhonglin as the director and chief scientist of the Beijing Institute of Nanoenergy and Nanosystems. Wang expressed his gratitude to all parties and the council for their trust and stated that he would continue to lead the institute along the path of scientific originality, enhance international presence, and solidify its leading position in the field.

Public information shows that Wang Zhonglin was born in 1961 in Pucheng County, Shaanxi Province. He graduated with a bachelor's degree from Northwest Institute of Telecommunications Engineering (now Xi'an University of Electronic Science and Technology) in 1982. He is a foreign academician of the Chinese Academy of Sciences, a foreign academician of the European Academy, a foreign academician of the Canadian Academy of Engineering, the director of the Beijing Institute of Nanoenergy and Nanosystems, the dean of the Nano Institute of the University of Chinese Academy of Sciences, a chair professor, and a doctoral supervisor.

Wang Zhonglin mainly engages in theoretical and applied research in nanomaterials science, including the synthesis, characterization, growth mechanisms, and applications of zinc oxide nanomaterials; controllable growth, characterization, and applications of nanomaterials; nanotechnology and self-driven nanosystems technology; piezoelectronics and piezo-optics. In 2019, Wang Zhonglin received the Albert Einstein World Science Prize, becoming the first Chinese scientist to win this award.

According to the latest global "Standardized Citation Indicators for All Scientists" database released by Elsevier, the world's largest academic publisher, and Stanford University, Wang Zhonglin ranked second in overall career impact and has ranked first in annual scientific impact for five consecutive years.

 

[E-195]

Good ranking, I'm happy with it,

America, Europe, China

yes but China has 1400 million actually per capita is much less do not pretend you did not notice you know perfectly Chinese are at the most at the level of Mexico per capita because Europe has 1.3T for 440 million China 1T for 1400 million people and USA 1.7T for 330 Million.

basically China has 1.T for Xi and his cronies

 

[helin]

yes but China has 1400 million actually per capita is much less do not pretend you did not notice you know perfectly Chinese are at the most at the level of Mexico per capita because Europe has 1.3T for 440 million China 1T for 1400 million people and USA 1.7T for 330 Million.

basically China has 1.T for Xi and his cronies

Don't worry, Mexican expert,

Rome wasn't built in a day

If Mexicans work hard, Mexico will overtake the United States

 

[E-195]

Don't worry, Mexican expert,

Rome wasn't built in a day

If Mexicans work hard, Mexico will overtake the United States

the Chinese dreamer thinks Xi told you about the celestial country let us see facts


THE WORLD'S TOP 50 MOST AFFORDABLE PLACES IN WHICH TO BUY A HOME: Rank Country Average price of a 100sqm home Yearly salary GBP Annual salary as a % of the cost of a 100sqm home How many years it would take to buy a 100sqm home, based on an annual salary (if nothing was spent) 1 Saudi Arabia £67,021.00 £15,027.72 22.42% 4.5 2 South Africa £68,458.00 £12,441.12 18.17% 5.5 3 United States £207,171.50 £31,102.92 15.01% 6.7 4 Puerto Rico £11 0,363.00 £15,974.76 14.47% 6.9 5 United Arab Emirates £176,851.00 £24,037.56 13.59% 7.4 6 Palestine £56,950.00 £7,248.24 12.73% 7.9 7 Oman £124,856.50 £14,616.00 11.71% 8.5 8 Iceland £284,045 .50 £27,864.48 9.81% 10.2 9 Cyprus £129,848.50 £12,402.12 9.55% 10.5 10 Qatar £281,502.50 £26,669.16 9.47% 10.6 11 Ireland £287,569.50 £26,041.80 9.06% 11.0 12 Denmark £358,857.50 £31,306.20 8.72% 11.5 13 Belgium £246,952.50 £21,121.80 8.55% 11.7 14 Canada £295,275.50 £25,180.92 8.53 % 11.7 15 Australia £382,233.00 £32,103.84 8.40% 11.9 16 Netherlands £311,492.50 £26,128.32 8.39% 11.9 17 Mauritius £53,086.00 £4,410.24 8.31% 12.0 18 Bahrain £165,440.00 £13,610.04 8.23% 12.2 19 Sweden £337,997.00 £26,376.72 7.80% 12.8 20 Bulgaria £74,116.50 £5,720.64 7.72% 13.0 21 New Zealand £331,389.00 £25,4 42.88 7.68% 13.0 22 Latvia £108,030.00 £8,155.44 7.55% 13.2 23 Jordan £67,568.00 £5,096.64 7.54% 13.3 24 Trinidad And Tobago £98,005.50 £7,366.56 7.52% 13.3 25 Norway £420,486.00 £31,277.64 7.44% 13.4 26 Finland £325,716.50 £23,974.32 7.36% 13.6 27 Switzerland £761,039.00 £54,536.28 7.17% 14.0 28 £209,378.00 £14,603.40 6.97% 14.3 29 Turkey £49,395.50 £3,396.96 6.88% 14.5 30 Mexico £68,358.50 £4,683.96 6.85% 14.6 31 Germany £379,628.50 £25,911.84 6.83% 14.7 32 United Kingdom £356,940.00 £23,655.00 6.63% 15.1 33 Spain £207,998.50 £13,709.52 6.59% 15.2 34 Iraq £76,302.50 £4,899.72 6.42% 15.6 35 Estonia £183,164.50 £11,645.64 6.36% 15.7 36 Kazakhstan £57,871.50 £3,654.72 6.32% 15.8 37 France £368,845.00 £23,261.04 6.31% 15.9 38 Malaysia £114,585.50 £7,175.88 6.26% 16.0 39 Bolivia £69,929.00 £4,296.36 6.14% 16.3 40 Greece £124,005.00 £7,438.68 6.00% 16.7 41 Honduras £73,984.50 £4,4 26.80 5.98% 16.7 42 Costa Rica £109,043.00 £6,465.72 5.93% 16.9 43 Romania £100,047.00 £5,922.48 5.92% 16.9 44 India £66,095.00 £3,880.80 5.87% 17.0 45 Libya £100,375.00 £5,882.52 5.86% 17.1 46 Kosovo (Disputed Territory) £73,403.50 £4,283.52 5.84% 17.1 47 Bosnia And Herzegovina £92,580.00 £5,176.44 5.59% 17. 9 48 Moldova £64,246.00 £3,586.68 5.58% 17.9 49 Hungary £131,542.50 £7,260.72 5.52 % 18.1 50 Austria £376,826.50 £20,518.08 5.44% 18.4

THE WORLD'S TOP 20 LEAST AFFORDABLE PLACES IN WHICH TO BUY A HOME: Rank Country Average price of a 100sqm home Yearly salary GBP Annual salary as a % of the cost of a 100sqm home How many years it would take to buy a 100sqm home, based on an annual salary (if nothing was spent) 1 Ghana £377,032.00 £2,525.28 0.67% 149.3 2 Sri Lanka £157,077.50 £2,095.20 1.33% 75.0 3 Hong Kong £2,045,824.00 £27,874.32 1.36% 73.4 4 Jamaica £3 41,877.50 £5,583.36 1.63% 61.2 5 Iran £156,547.50 £2,698.68 1.72% 58.0 6 Philippines £130,598.00 £2,583.96 1.98% 50.5 7 South Korea £926,201.50 £19,617.00 2.12% 47.2 8 China £430,354.00 £9,261.00 2.15% 46.5 9 Argentina £160,414.00 £3,564.00 2.22% 45.0 10 Ethiopia £ 76,535.50 £1,734.96 2.27% 44.1 11 Kenya £150,894.00 £3,559.08 2.36% 42.4 12 Nepal £72,804.00 £1,925.88 2.65% 37.8 13 Indonesia £97,834.50 £2,621.88 2.68% 37.3 14 Zimbabwe £105,745.50 £2,843.04 2.69% 37.2 15 Taiwan £462,373.50 £12,589.68 2.72% 36.7 16 Thailand £179,429.50 £4,918.68 2.74% 36.5 17 Vietnam £128,941.00 £3,924.60 3.04% 32.9 18 Peru £104,440.00 £3,289.32 3.15% 31.8 19 Uruguay £161,793.50 £5,307.60 3.28% 30.5 20 Azerbaijan £79,795.50 £2,689.32 3.37% 29.7

World property prices in relation to average salaries around the world

With UK property prices increasing, experts analysed world property prices in relation to average wages to reveal the most and least affordable countries.

insideconveyancing.co.uk

Facts of life China has a large supply of Money but houses are ultra expensive

Snapshot: Countries With the Most Money in Circulation?

How much money is in circulation around the world at any given time? And how would the money supply of each country compare against each other? The visual reveals the answers. China has the most money in circulation ($25T), beating out the U.

www.linkedin.com

Of course having a lot of money in circulation does not mean prices are Cheap, a Mexican can take 14 years to buy a House, and Indian 17 years but rich Chinese take 45 years

Snapshot: Countries With the Most Money in Circulation?

How much money is in circulation around the world at any given time? And how would the money supply of each country compare against each other? The visual reveals the answers. China has the most money in circulation ($25T), beating out the U.

www.linkedin.com

Chinese houses are small but Rich Chinese claim every one has a house in China

7.​

Mexico has the largest house by size in the South American Continent, with an average house size by country of 1,400 square feet. The availability of timber and other building materials enables people to construct bigger houses

House Size by Country 2024

worldpopulationreview.com

House Size by Country 2024

worldpopulationreview.com

our Chinese cheerleaders say money is every thing in life

 

[E-195]

The odds are stacked against many Chinese electric vehicle (E.V.) firms. And yet they keep hanging on.

A decline in federal government subsidies, tariffs from abroad, intense price competition, and waning demand should have led to a consolidated Chinese E.V. market. But local governments have used incentives to keep half-dead E.V. firms from shuttering, and in some cases, even revived dead ones.

Such Chinese E.V. manufacturers have benefited greatly from massive industrial policy support from the government. A combination of "generous government subsidies, tax breaks, procurement contracts, and other policy incentives," as laid out in the MIT Technology Review, helped create the dominant E.V. market China has today. In just the Chinese domestic market, for example, E.V. ownership reached 13.1 million in 2022, accounting for 60 percent of global sales.


China's industry dominance, however, has raised eyebrows among many legislators in the U.S. and European Union, who see China as a threat to their manufacturing sectors. In response, China has steadily phased out many forms of subsidies. According to estimates from the Center for Strategic and International Studies (CSIS), subsidies per vehicle dropped nearly 66 percent between 2018 and 2023.

And yet most Chinese E.V. companies are still reliant on subsidies. As corporate earnings reports show, only BYD Auto has managed to make a profit.

It is difficult to measure the exact scope of local policy intervention in the E.V. market, but some localities like Shanghai, Shenzhen, and the Changping District in Beijing have created modest rebate programs ranging from 1,000 to 10,000 yuan per vehicle. And because of how difficult it can be to shut down companies in China, sometimes bribes are necessary to force a small firm to close. China is also implementing an initiative centered around creating "new productive forces" that has empowered provincial governments to revive local E.V. producers in order to expand their "high-income workforce, which can then drive consumption," according to Bloomberg.

Because many subsidies provided by the Chinese government go directly to consumers, potential middlemen like provinces have historically been excluded from access. Now, however, local governments have successfully inserted themselves into the E.V. business by setting up funds and investment vehicles to funnel money into E.V. companies.

"Depending on how they are set up, these funds and investment vehicles might take out loans from banks, sell bonds, or raise money from investors," writer and researcher G.A. Donovan, who authored a recent paper on the subject, tells Reason. "Funds from higher levels of government also trickle down to localities for all kinds of purposes."

One prominent example is the eastern city of Hefei, which invested 5 billion yuan into NIO Inc.'s E.V. business. Because of this, NIO moved its headquarters to Hefei and went from originally outsourcing production to a Hefei-based manufacturer to taking ownership of the plant and adding specialized production, research and development facilities, and expanding its subscription service for replaceable batteries, according to CSIS.

Not all of NIO's fundraising has come from local governments, as Donovan explains. Chinese firms have taken up Silicon Valley–like methods of raising capital from "capital markets, sovereign wealth funds, and private equity and venture capital investors." NIO and its peers, however, continue to bleed losses of around $6 billion, an amount that many investors deemed intolerable, causing NIO's stock price to fall more than 90 percent.

Fortunately for them, the Wuhan municipal government fund has invested over $200 million in NIO's battery management subsidiary, helping them temporarily halt the free fall.

The post Most Chinese E.V. Firms Are Unprofitable. Local Governments Keep Propping Them Up Anyway. appeared first on Reason.com.

Most Chinese E.V. Firms Are Unprofitable. Local Governments Keep Propping Them Up Anyway.

China has dominated the market—thanks in part to a robust industrial policy.

www.yahoo.com

 

[E-195]

Top Chinese economist disappears after criticising Xi Jinping​

Pui-Guan Man
Tue, September 24, 2024 at 7:56 PM GMT+9·5 min read

A leading economist in China has vanished from public view after allegedly criticising Xi Jinping’s handling of the country’s economy on a mobile messaging app.

Questions over Zhu Hengpeng’s whereabouts have arisen after he was detained by officials in spring and stripped of his role as deputy director at a prominent Chinese think tank

Top Chinese economist disappears after criticising Xi Jinping

A leading economist in China has vanished from public view after allegedly criticising Xi Jinping’s handling of the country’s economy on a mobile messaging app.

www.yahoo.com

 

[Abhijeet]

View: https://youtube.com/shorts/8PpRK_DTaqc?si=2EAXs61N6rSpUDjs

 

[srev2004]

View: https://www.instagram.com/reel/C-kM16LvO0S/?igsh=MzRlODBiNWFlZA==

 

[srev2004]

India surpasses Japan to become third most powerful nation in Asia Power Index - CNBC TV18

The Asia Power Index, published annually by the Lowy Institute, evaluates countries based on their resource capabilities and influence in the Asia-Pacific region.

www.cnbctv18.com

 

[Blademaster]

India surpasses Japan to become third most powerful nation in Asia Power Index - CNBC TV18

The Asia Power Index, published annually by the Lowy Institute, evaluates countries based on their resource capabilities and influence in the Asia-Pacific region.

www.cnbctv18.com

Means nothing if we cannot take care of the kukicunts in Manipur and banglus in WB and smack Bangladesh around.