Chinese Economy Watch

[Anants]

@srev2004 what do you think at Swayat attempts. They seem to be focussing developing something which is more suited for Indian conditions?

 

[srev2004]

@srev2004 what do you think at Swayat attempts. They seem to be focussing developing something which is more suited for Indian conditions?

They are looking to license their ML models to automakers. Their goal is to be a tier 1 or tier 2 software vendors. Without a full suite of vehicles + drivers testing the AI model, building FSD becomes difficult. In the US only Tesla and Comma.ai have done this.

They should retrofit cars and sell the service to enthusiasts for autonomy in limited ODD and gradually expand the ODD. However the liabilities of an accident can lead to their company shutting down. So they are likely taking the safer road and trying to license their tech stack to a car manufacturer.

 

[Anants]

They are looking to license their ML models to automakers. Their goal is to be a tier 1 or tier 2 software vendors. Without a full suite of vehicles + drivers testing the AI model, building FSD becomes difficult. In the US only Tesla and Comma.ai have done this.

They should retrofit cars and sell the service to enthusiasts for autonomy in limited ODD and gradually expand the ODD. However the liabilities of an accident can lead to their company shutting down. So they are likely taking the safer road and trying to license their tech stack to a car manufacturer.

Seems mahindra is backing company. What impresses me is they have implemented and testing their models on workhorse rudimentary Bolero model which has hydraulic steering IIRC. None of the drive by wire tech is present in that particular rural workhorse model.

This autonomous driving startup impresses Anand Mahindra; secures a funding of Rs 33 crore ,Startups News, Business News | Zee Business

Founded by visionary entrepreneur Sanjeev Sharma in 2015, Swaayatt Robots has developed a revolutionary driverless car system powered by a proprietary algorithm. , Get more Startups News and Business News on Zee Business

www.zeebiz.com

 

[Anants]

On the topic Chinese MG Hector Self Combusted and its hidden & disabled FSD capability got activated.


View: https://www.reddit.com/r/CarsIndia/comments/1g2flag/burning_car_in_jaipur/

 

[Azaad]

On the topic Chinese MG Hector Self Combusted and its hidden & disabled FSD capability got activated.


View: https://www.reddit.com/r/CarsIndia/comments/1g2flag/burning_car_in_jaipur/

Chini maal . Chale toh chand tak warna sham tak.

 

[Azaad]

Indonesia asks Apple, Google to block China’s Temu to protect small merchants

Indonesia has asked Alphabet’s Google and Apple to block Temu in their application stores in the country.

www.thehindu.com

Some of the many splendid benefits RCEP confers its members . Wouldn't you agree ? @rockdog

 

[helin]

Indonesia asks Apple, Google to block China’s Temu to protect small merchants

Indonesia has asked Alphabet’s Google and Apple to block Temu in their application stores in the country.

www.thehindu.com

Some of the many splendid benefits RCEP confers its members . Wouldn't you agree ? @rockdog

Chile applied to join the RCEP

https://www.subrei.gob.cl/sala-de-prensa/noticias/detalle-noticias/2024/06/14/chile-inicia-negociaciones-con-indonesia-para-profundizar-acuerdo-comercial

 

[helin]

Sri Lanka & Bangladesh look east​

on a growth strategy that emphasises outward orientation and integration with the East AsianEarlier this month, a senior government official in Sri Lanka stated that their application for membership to the RCEP (Regional Comprehensive Economic Partnership) was awaiting approval and that they were in discussion with the RCEP members as they evolved an accession mechanism for new members. Sri Lanka had formally conveyed its intent to join the 15-member mega-regional trade agreement in 2023. In addition, Sri Lanka signed a free-trade agreement (FTA) with Thailand in February this year. Clearly, the island economy is working

https://www.business-standard.com/opinion/columns/sri-lanka-bangladesh-look-east-124042401292_1.html

 

[Azaad]

Chile applied to join the RCEP

https://www.subrei.gob.cl/sala-de-prensa/noticias/detalle-noticias/2024/06/14/chile-inicia-negociaciones-con-indonesia-para-profundizar-acuerdo-comercial

Sri Lanka & Bangladesh look east​

on a growth strategy that emphasises outward orientation and integration with the East AsianEarlier this month, a senior government official in Sri Lanka stated that their application for membership to the RCEP (Regional Comprehensive Economic Partnership) was awaiting approval and that they were in discussion with the RCEP members as they evolved an accession mechanism for new members. Sri Lanka had formally conveyed its intent to join the 15-member mega-regional trade agreement in 2023. In addition, Sri Lanka signed a free-trade agreement (FTA) with Thailand in February this year. Clearly, the island economy is working

https://www.business-standard.com/opinion/columns/sri-lanka-bangladesh-look-east-124042401292_1.html

Splendid ! Both these nations are either bankrupt or on the verge of it . What could be better for a hunter than his prey walking towards him ?! Hope China seizes the opportunity & does what China's renowned for doing.

 

[helin]

Splendid ! Both these nations are either bankrupt or on the verge of it . What could be better for a hunter than his prey walking towards him ?! Hope China seizes the opportunity & does what China's renowned for doing.

There will be no only two countries,

There will also be more national applications.

Welcome to RCEP

 

[Azaad]

There will be no only two countries,

There will also be more national applications.

Welcome to RCEP

I sincerely hope all of Asia joins in followed by Europe then Africa & on & on especially Europe. It gives China access to their markets at very low tariffs plus chances of punitive tariffs like what they're levying on Chinese EV falls dramatically .

 

[shade2]

EU to Impose Tariffs Up to 45% on Chinese Electric Vehicles​

• The new tariffs will be in effect for a period of five years
• China has threatened tariffs on Europe’s car and dairy sectors

EU to Impose Tariffs Up to 45% on Chinese Electric Vehicles

The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China, threatening a broader trade conflict with Beijing which has already vowed to protect its companies.

www.bloomberg.com

Looks like the wailing's of VW and Renault have reached the ears of their EU overlords.
Perhaps the wailing's began after VW sales in China are not what they used to be since chings now prefer their domestic EV brands

Meanwhile said domestic EV brands are also beating up the aforementioned EU companies on their home turf

A wonderful set of events with pale-skinned pearl-clutching holier-than-thou EU gandus and land-grabbing Hans getting in trade wars with each other

 

[helin]

China's foreign trade up 5.3 pct in first three quarters​

(Xinhua) 15:33, October 14, 2024
BEIJING, Oct. 14 (Xinhua) -- China's total goods imports and exports expanded 5.3 percent year on year in yuan terms in the first three quarters of this year, maintaining stable growth, official data showed Monday.

The goods trade volume expanded to 32.33 trillion yuan (about 4.57 trillion U.S. dollars) in the January-September period, according to the General Administration of Customs (GAC).

Exports rose 6.2 percent year on year to 18.62 trillion yuan, while imports climbed 4.1 percent year on year to 13.71 trillion yuan in the first three quarters, the GAC data showed.

 

[rockdog]

Indonesia asks Apple, Google to block China’s Temu to protect small merchants

Indonesia has asked Alphabet’s Google and Apple to block Temu in their application stores in the country.

www.thehindu.com

Some of the many splendid benefits RCEP confers its members . Wouldn't you agree ? @rockdog

Ecommerce as platform wise is not under framework of RCEP.

China's foreign trade up 5.3 pct in first three quarters​

(Xinhua) 15:33, October 14, 2024
BEIJING, Oct. 14 (Xinhua) -- China's total goods imports and exports expanded 5.3 percent year on year in yuan terms in the first three quarters of this year, maintaining stable growth, official data showed Monday.

The goods trade volume expanded to 32.33 trillion yuan (about 4.57 trillion U.S. dollars) in the January-September period, according to the General Administration of Customs (GAC).

Exports rose 6.2 percent year on year to 18.62 trillion yuan, while imports climbed 4.1 percent year on year to 13.71 trillion yuan in the first three quarters, the GAC data showed.

In the first nine months of the year, China's exports to Vietnam rose by 32.5 per cent, leaving a surplus of $61.4 billion.

 

[Azaad]

Ecommerce as platform wise is not under framework of RCEP.

Well Chang you're wrong. E commerce is very much part of RCEP .

does e commerce come under RCEP for member countries - Google Search

In the first nine months of the year, China's exports to Vietnam rose by 32.5 per cent, leaving a surplus of $61.4 billion.

Excellent stuff ! The more you export to Vietnam , the more you can rebadge stuff as Made in Vietnam & export to the rest of the world.

 

[helin]

Excellent stuff ! The more you export to Vietnam , the more you can rebadge stuff as Made in Vietnam & export to the rest of the world.

Right,

If you want to become a big exporter, you must first become a big importer

For Vietnam and India, importing parts from China is something that will be difficult to avoid within a decade

 

[Azaad]

Right,

If you want to become a big exporter, you must first become a big importer

For Vietnam and India, importing parts from China is something that will be difficult to avoid within a decade

In the event I wasn't referring to exports from Vietnam at all but rebadging stuff from China . That's not exports . It's rebadging. And whatever made you think we're interested in rebadging your stuff.

 

[helin]

In the event I wasn't referring to exports from Vietnam at all but rebadging stuff from China . That's not exports . It's rebadging. And whatever made you think we're interested in rebadging your stuff.

A smart businessman always has a solution

There is no need to worry, the key is product competitiveness

 

[Azaad]

A smart businessman always has a solution

There is no need to worry, the key is product competitiveness

True & there's no product competitiveness , it's merely a function of state subsidies vs the survival of local businesses of other countries which are the target of Chinese exports.

Since the CCP can't boost internal consumption to the extent it can compensate for loss of exports , it has to boost exports even subsidise them to keep the local economy running .

In doing so it jeopardizes the local economy of other countries who will naturally retaliate . Right now it's this phenomenon we're witnessing. China or rather the CCP is now riding the tiger. Usually this never ends well.

 

[helin]

True & there's no product competitiveness , it's merely a function of state subsidies vs the survival of local businesses of other countries which are the target of Chinese exports.

Since the CCP can't boost internal consumption to the extent it can compensate for loss of exports , it has to boost exports even subsidise them to keep the local economy running .

In doing so it jeopardizes the local economy of other countries who will naturally retaliate . Right now it's this phenomenon we're witnessing. China or rather the CCP is now riding the tiger. Usually this never ends well.

Exports of goods and services (% of GDP)​

China, 19.7 %

India 21.9%

China's economy is not highly dependent on exports,

More important is the added value and technological content of export products