Chinese Economy Watch

[E-195]

Your words proved you are jobless for too long, and didn't know what happened in the real world. In fact, China in recent years with no inflation, or even has slight deflation now, most prices including food is stable or even cheaper. Also with cheaper engery, export from China increased a lots due to strong competitiveness.

China Is Risking a Deflationary Spiral​

https://www.wsj.com/economy/china-is-risking-a-deflationary-spiral-75702b5b

CPI inflation rebounded to 5-month high in July​

China’s CPI inflation rebounded due to a smaller drag from food prices

Chinese inflation moved a little higher in July

think.ing.com

Acutally, Chinese food comsuption is almost equal to entry level of develped nation.

View attachment 13529

View attachment 13530

Life expectancy at birth​

Life expectancy at birth Comparison - The World Factbook

www.cia.gov

View attachment 13531

View attachment 13532



Murder rate:

View attachment 13533

do you understand that mexico has a younger population than China?

The average Mexican is in its 30s and we have a larger younger population mister propaganda, while the average Chinese is in its 40s but not only that we have 24% of people below 20 years old and you only 16%

Mexico

2023

24%

China

2023

16.8%

Population (age group as % of total population) | World Bank Gender Data Portal

Visualizations for Population (age group as % of total population)

genderdata.worldbank.org

Obviously you can not grasp Mexicans, we are younger in average and your population is older add you have more erectile dysfunctional problems and lower birth rate it is obvious you have more old men with more dysfunctional sexual lives


You life expectancy is a joke it simply shows you have older people and we have more young people since no one can know when we are going to die only guess and the proof is my father is 92 years old

https://www.goldjournal.net/article/S0090-4295(02)02102-7/fulltext#:~:text=never%2C%E2%80%9D%20respectively.-,Results,%2C%20and%2015%25%20in%20Brazil.

deflation is a result of of oversupply

KEY TAKEAWAYS​

• Deflation is the general decline in the price level of goods and services.
• It is usually associated with a contraction in the supply of money and credit, but prices can also fall due to increased productivity and technological improvements

Deflation: Definition, Causes, and Changing Views on Its Impact

Deflation is the decline in prices for goods and services that happens when the inflation rate dips below 0%.

www.investopedia.com

Still, as analysts such as Michael Pettis, a professor at Peking University, have long pointed out, China’s economy shares many similarities with Japan’s. These include an overreliance on construction and a dependence on export markets to absorb excess supply, a rapidly ageing and shrinking population and a curious resistance to spurring domestic consumer demand.

What’s causing China’s economic downturn and what does it mean for Australia?

Oversupply and deflation are spooking markets, while falling demand for coal and iron ore threatens to further hamper anaemic Australian growth

www.theguardian.com

Not only does deflation signal a stagnating economy, it can lead to high unemployment, unaffordable debt repayment, and dismal outcomes for businesses. In the worst cases, deflation can lead an economy into a recession, or even a depression.

What is deflation?

Deflation occurs when the price of goods and services decreases. Learn about its causes, how it's measured, how it's managed, and how it compares to inflation.

www.empower.com

In few words sooner or later you will inflation and more poverty

 

[E-195]

Your words proved you are jobless for too long, and didn't know what happened in the real world. In fact, China in recent years with no inflation, or even has slight deflation now, most prices including food is stable or even cheaper. Also with cheaper engery, export from China increased a lots due to strong competitiveness.

China Is Risking a Deflationary Spiral​

https://www.wsj.com/economy/china-is-risking-a-deflationary-spiral-75702b5b

CPI inflation rebounded to 5-month high in July​

China’s CPI inflation rebounded due to a smaller drag from food prices

Chinese inflation moved a little higher in July

think.ing.com

Acutally, Chinese food comsuption is almost equal to entry level of develped nation.

View attachment 13529

View attachment 13530

Life expectancy at birth​

Life expectancy at birth Comparison - The World Factbook

www.cia.gov

View attachment 13531

View attachment 13532



Murder rate:

View attachment 13533

Here are three common scenarios that can lead to deflation:

• Decrease in the money supply: When the Federal Reserve deploys a tight monetary policy, that means it’s pulling back on spending and raising interest rates. This makes it harder for people to borrow money to buy goods and services.
• Decline in consumer demand: When demand falls, whether because the government is tightening its purse strings or the stock market is on a downswing and investors are hoarding more cash, businesses may lower prices to encourage people to spend.
• Increase in business productivity: Technological advances can help businesses produce more goods at a lower cost, increasing the supply on the shelves. With increased supply and level demand, prices fall (think about how cheap TVs have become).

The effects of deflation​

Deflation isn’t all bad. In the short term, it can help consumers buy more with the same paycheck. Beyond that, the negative effects can mount quickly. Here are a few.

• Falling incomes/higher unemployment: When businesses are selling goods for lower prices, they earn less profit. To make up for it, they may cut wages or lay off employees, and spend less on innovation and investing in the company.
• Less consumer spending: If consumers have less income to spend, they buy fewer discretionary goods and services. Less overall spending weakens the economy, furthering a deflationary spiral. Another theory for reduced consumer spending is that perception drives outcomes — when prices are continuously dropping, people may save money and put off big purchases to hold out for a lower price tag in the future.
• More expensive debt: If the monthly payment on your mortgage or car loan stays the same, but your income falls, you’re spending more of your paycheck on debt. At the same time, the asset you’re paying off — like a house or a car — is dropping in value.

What is deflation?

Deflation occurs when the price of goods and services decreases. Learn about its causes, how it's measured, how it's managed, and how it compares to inflation.

www.empower.com

Death rate, crude (per 1,000 people) - Mexico, China​

Country
Most Recent Year
Most Recent Value

China
2022
7

Mexico
2022
7

World Bank Open Data

Free and open access to global development data

data.worldbank.org

How come you have a higher life expectancy of life and we have more murders per 100000 people but we have the same rate of death?

answer you have lower birth rate and less young people so we have not much deaths as you claim mister propaganda who can not think well

 

[rockdog]

do you understand that mexico has a younger population than China?

The average Mexican is in its 30s and we have a larger younger population mister propaganda, while the average Chinese is in its 40s but not only that we have 24% of people below 20 years old and you only 16%

Mexico

2023

24%

China

2023

16.8%

Population (age group as % of total population) | World Bank Gender Data Portal

Visualizations for Population (age group as % of total population)

genderdata.worldbank.org

Obviously you can not grasp Mexicans, we are younger in average and your population is older add you have more erectile dysfunctional problems and lower birth rate it is obvious you have more old men with more dysfunctional sexual lives


You life expectancy is a joke it simply shows you have older people and we have more young people since no one can know when we are going to die only guess and the proof is my father is 92 years old

https://www.goldjournal.net/article/S0090-4295(02)02102-7/fulltext#:~:text=never%2C%E2%80%9D%20respectively.-,Results,%2C%20and%2015%25%20in%20Brazil.

deflation is a result of of oversupply

KEY TAKEAWAYS​

• Deflation is the general decline in the price level of goods and services.
• It is usually associated with a contraction in the supply of money and credit, but prices can also fall due to increased productivity and technological improvements

Deflation: Definition, Causes, and Changing Views on Its Impact

Deflation is the decline in prices for goods and services that happens when the inflation rate dips below 0%.

www.investopedia.com

Still, as analysts such as Michael Pettis, a professor at Peking University, have long pointed out, China’s economy shares many similarities with Japan’s. These include an overreliance on construction and a dependence on export markets to absorb excess supply, a rapidly ageing and shrinking population and a curious resistance to spurring domestic consumer demand.

What’s causing China’s economic downturn and what does it mean for Australia?

Oversupply and deflation are spooking markets, while falling demand for coal and iron ore threatens to further hamper anaemic Australian growth

www.theguardian.com

Not only does deflation signal a stagnating economy, it can lead to high unemployment, unaffordable debt repayment, and dismal outcomes for businesses. In the worst cases, deflation can lead an economy into a recession, or even a depression.

What is deflation?

Deflation occurs when the price of goods and services decreases. Learn about its causes, how it's measured, how it's managed, and how it compares to inflation.

www.empower.com

In few words sooner or later you will inflation and more poverty

Well, so you have younger mid age, but still lower life expectency, only means your medical system is in serious problem, and drug problems are harvesting people's life.

 

[rockdog]

Here are three common scenarios that can lead to deflation:

• Decrease in the money supply: When the Federal Reserve deploys a tight monetary policy, that means it’s pulling back on spending and raising interest rates. This makes it harder for people to borrow money to buy goods and services.
• Decline in consumer demand: When demand falls, whether because the government is tightening its purse strings or the stock market is on a downswing and investors are hoarding more cash, businesses may lower prices to encourage people to spend.
• Increase in business productivity: Technological advances can help businesses produce more goods at a lower cost, increasing the supply on the shelves. With increased supply and level demand, prices fall (think about how cheap TVs have become).

The effects of deflation​

Deflation isn’t all bad. In the short term, it can help consumers buy more with the same paycheck. Beyond that, the negative effects can mount quickly. Here are a few.

• Falling incomes/higher unemployment: When businesses are selling goods for lower prices, they earn less profit. To make up for it, they may cut wages or lay off employees, and spend less on innovation and investing in the company.
• Less consumer spending: If consumers have less income to spend, they buy fewer discretionary goods and services. Less overall spending weakens the economy, furthering a deflationary spiral. Another theory for reduced consumer spending is that perception drives outcomes — when prices are continuously dropping, people may save money and put off big purchases to hold out for a lower price tag in the future.
• More expensive debt: If the monthly payment on your mortgage or car loan stays the same, but your income falls, you’re spending more of your paycheck on debt. At the same time, the asset you’re paying off — like a house or a car — is dropping in value.

What is deflation?

Deflation occurs when the price of goods and services decreases. Learn about its causes, how it's measured, how it's managed, and how it compares to inflation.

www.empower.com

Death rate, crude (per 1,000 people) - Mexico, China​

Country
Most Recent Year
Most Recent Value

China
2022
7

Mexico
2022
7

World Bank Open Data

Free and open access to global development data

data.worldbank.org

How come you have a higher life expectancy of life and we have more murders per 100000 people but we have the same rate of death?

answer you have lower birth rate and less young people so we have not much deaths as you claim mister propaganda who can not think well

Again, China's per food comsuption is the entry level of developed nations.



Contrary to what you claimed:




Copy and pasting the definition of terms like Deflaion and Inflation made no sense. This is the typical way you debate things, even from the old forum, and got banned in J20 threat, when you lost on debating.

 

[E-195]

Well, so you have younger mid age, but still lower life expectency, only means your medical system is in serious problem, and drug problems are harvesting people's life.

View attachment 13627


View attachment 13628

View attachment 13629

EU Imposes Tariffs on China EVs, Risking Retaliation​

Bloomberg News

EU Imposes Tariffs on China EVs, Risking Retaliation

(Bloomberg) -- The European Union has imposed higher tariffs peaking at 45% on electric vehicles from China, ratcheting up trade tensions between the world’s leading export powers.Most Read from BloombergNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkThere Will Soon Be No...

www.yahoo.com

are you unable to think?

I will give you an example of your thinking.

if you go to the kindergarden and you do not see old people can you say life expectancy is low comparing it to a nursing home?

You can not understand even that simple statistic?

expectancy of living is a generalization, based upon what?

usually it is given by relative statistics.

if Mexico and China have the same death rate what does it mean?

of course you have no new arguments and you can not back up your points.

Death rate means how many people die for 1000 people.


So I will explain you for you Mexico has more crime, but for 100000 it has 30 people death by murder, got it?

so by 1000 is not 30.but just 0.3 people of those 7 people will die due to murder

But if China has 7 per 1000 and Mexico 7 for 1000 means China has less crime, but has factors such as disease. age accidents that makes the death rate the same.


In fact in Mexico only 4.2% of deaths are due to crime, which shows your health system is not that good (consider i used mexico having 30 deaths, but the color say 20-29 people so that 4.2% in reality is a bit lower perhaps 3.9%)

 

[E-195]

Again, China's per food comsuption is the entry level of developed nations.

View attachment 13630

Contrary to what you claimed:

View attachment 13631


Copy and pasting the definition of terms like Deflaion and Inflation made no sense. This is the typical way you debate things, even from the old forum, and got banned in J20 threat, when you lost on debating.

you just claim victory but you only bark and no bite.

Inflation means prices go up and salaries go down due to higher prices.

In deflation prices go down but so go salaries so you earn less, That is what happened in japan, once they could not sell and export as they were doing oversupply meant salaries never grew in japan, and the economy too did not grow too


Deflation makes lower salaries so at the end of the day they pay you less and prices depress gains,

Got it, well it means the same effect of inflation because you earn less and prices cost more

 

[FalconSlayers]

A breakdown of the data shows that the country's tax revenue decreased 5.3 percent from the year prior, while its non-tax revenue increased 13.5 percent.

During the first nine months of the year, the central government collected 7.17 trillion yuan (about 1.01 trillion U.S. dollars) in fiscal revenue, down 5.5 percent year on year, while local governments collected 9.13 trillion yuan, up 0.6 percent, according to the ministry.

China's fiscal revenue down 2.2 pct in first three quarters

China's fiscal revenue down 2.2 pct in first three quarters-

english.news.cn

 

[E-195]

Well, so you have younger mid age, but still lower life expectency, only means your medical system is in serious problem, and drug problems are harvesting people's life.

View attachment 13627


View attachment 13628

View attachment 13629

by the way update your data

• From January to June 2023, 15,082 homicides were recorded in Mexico. The rate
was 12 homicides per 100,000 inhabitants nationwide.

https://www.inegi.org.mx/contenidos/saladeprensa/boletines/2024/DH/DH2023_En-Jn.pdf

EU's extra tariffs of up to 35.3% on Chinese EVs angers Beijing​

EU's extra tariffs of up to 35.3% on Chinese EVs angers Beijing

The EU's decision to impose hefty tariffs on Chinese-made electric cars prompted anger from Beijing on Wednesday, after an anti-subsidy probe concluded China's support undercut European automakers.Brussels' probe found that China's state subsidies were unfairly undercutting European automakers.

www.yahoo.com

Automobiles became largest economic pillar of China, but price war also contributed to deflation​

Automobiles became largest economic pillar of China, but price war also contributed to deflation

China recently released official data indicating that in 2023, China's automobile production and sales generated a total value of CNY11 trillion (approx. US$1.52 trillion), accounting for nearly 10% of the country's GDP and surpassing real estate for the first time to become its primary economic...

www.digitimes.com

View: https://www.youtube.com/watch?v=48cf9Mfue0g
China's electric vehicle (EV) industry is facing a massive crisis as more companies struggle to stay afloat. Intense competition, financial difficulties, and the phase-out of government subsidies are driving even some of the biggest players towards bankruptcy. As a result, massive EV graveyards are piling up across the country. In this video, we explore the reasons behind this growing issue and what it means for the future of the Chinese EV market. Will smaller companies survive, or is this the end for many? Watch to find out!

 

[helin]

Sinosteel Equipment Co., LTD. (hereinafter referred to as "Sinosteel Equipment"), a wholly-owned subsidiary of Sinosteel International, has once again cooperated with Lloyd Metal and Energy Co., LTD., India, and officially signed a 680m³ blast furnace and 2x600,000 tons/year wire rod project contract. This strategic cooperation not only marks the first time that China's independently developed, world-class complete sets of high-line core equipment have entered the Indian market, but also represents Sinosteel's successful return to the Indian market in the complex international environment, opening a new chapter in the Sino-Indian steel cooperation.

Lloyd Metal&EnergyLimited (full name "LloydsMetal&EnergyLimited", referred to as "Lloyd of India ") was established in 1977, mainly engaged in the manufacturing of metal and energy products, and is well known for its high quality products and services in the Indian steel industry.

Under the contract, Sinosteel Equipment is responsible for the construction of a new 680m³ blast furnace at Lloyd's plant in Maharashtra and two high-speed wire production lines with an annual output of 600,000 tonnes. Among them, the Double high Line project will use Sinosteel equipment's independent technology and core equipment, which is the first time that China's independent high-end rolling equipment has entered the Indian market, highlighting the international competitiveness of "Made in China" in the steel industry.

 

[srev2004]

Again, China's per food comsuption is the entry level of developed nations.

View attachment 13630

Contrary to what you claimed:

View attachment 13631


Copy and pasting the definition of terms like Deflaion and Inflation made no sense. This is the typical way you debate things, even from the old forum, and got banned in J20 threat, when you lost on debating.

Lol meat consumption shouldn’t be a measuring stick you are proud of.

 

[E-195]

Mexico weighs whether to impose tariffs on e-commerce Chinese imports​

South China Morning Post
Wed, October 30, 2024 at 6:30 PM GMT+9·3 min read
1

Mexican President Claudia Sheinbaum is considering imposing tariffs on small imported goods from China to boost revenue and protect jobs in domestic industries, local media reported on Tuesday.

Officials are seeking new revenue sources to address the nation's budget deficit and financial obligations inherited from her predecessor, Andres Lopez Obrador, according to the newspaper El Universal.

The proposed tariffs would target products bought through Chinese e-commerce platforms including Temu, Shein, AliExpress and Alibaba, according to the report.


Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

AliExpress and Alibaba are subsidiaries of Alibaba Group Holding Limited, which owns the South China Morning Post.

Officials told El Universal that the websites had circumvented import duties and often evaded local taxes while failing to meet technical standards required for domestic manufacturers.

Governmental data show that this year Mexico will face its largest budget deficit in more than 30 years, reaching 5.9 per cent of its gross domestic product.

Mexican President Claudia Sheinbaum seeks new revenue sources to help cut a budget deficit said to be the largest in decades. Photo: Mexican Presidency/AFP alt=Mexican President Claudia Sheinbaum seeks new revenue sources to help cut a budget deficit said to be the largest in decades. Photo: Mexican Presidency/AFP>

Sheinbaum aims to reduce this to 3 per cent next year, which will require significant spending restraint and additional tax income.

She has reportedly tasked Finance Secretary Rogelio Ramirez de la O with finding new revenue sources while maintaining social programmes.

Ramirez de la O has previously cited potential economic measures against China, accusing Beijing in July of increasing its global exports "at the expense of North America".

He said that Sino-Mexican trade relations were "not reciprocal" and that it was "only logical to expect that both Americans and Mexicans demand our fair share of this global demand".

According to El Universal's sources, the "unfair competition" from the Chinese e-commerce platforms had eliminated at least 20,000 textile industry jobs, reducing apparel manufacturing by 8 per cent.

The National Association of Self-Service and Department Stores trade group also accused the Chinese platforms of selling products that violated intellectual property rights and unregulated goods, including cosmetics.

None of the cited companies responded to requests for comment. The Mexican Finance Secretariat could not be reached for comment.

Any new tariffs, with rates yet to be determined, would be part of the 2025 economic package developed by Ramirez de la O, Economy Secretary Marcelo Ebrard and tax administration chief Antonio Martinez Dagnino.

According to law, the plan must be submitted to Mexico's Congress by mid-November for approval.

It would also penalise Chinese companies that bypass Mexico's import tracking system, which was instituted this month to prevent fraud. Companies violating rules more than three times monthly would face tax penalties.

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.

Mexico weighs whether to impose tariffs on e-commerce Chinese imports

Mexican President Claudia Sheinbaum is considering imposing tariffs on small imported goods from China to boost revenue and protect jobs in domestic industries, local media reported on Tuesday. Officials are seeking new revenue sources to address the nation's budget deficit and financial...

www.yahoo.com

 

[rockdog]

Mexico weighs whether to impose tariffs on e-commerce Chinese imports​

South China Morning Post
Wed, October 30, 2024 at 6:30 PM GMT+9·3 min read
1

Mexican President Claudia Sheinbaum is considering imposing tariffs on small imported goods from China to boost revenue and protect jobs in domestic industries, local media reported on Tuesday.

Officials are seeking new revenue sources to address the nation's budget deficit and financial obligations inherited from her predecessor, Andres Lopez Obrador, according to the newspaper El Universal.

The proposed tariffs would target products bought through Chinese e-commerce platforms including Temu, Shein, AliExpress and Alibaba, according to the report.


Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

AliExpress and Alibaba are subsidiaries of Alibaba Group Holding Limited, which owns the South China Morning Post.

Officials told El Universal that the websites had circumvented import duties and often evaded local taxes while failing to meet technical standards required for domestic manufacturers.

Governmental data show that this year Mexico will face its largest budget deficit in more than 30 years, reaching 5.9 per cent of its gross domestic product.

Mexican President Claudia Sheinbaum seeks new revenue sources to help cut a budget deficit said to be the largest in decades. Photo: Mexican Presidency/AFP alt=Mexican President Claudia Sheinbaum seeks new revenue sources to help cut a budget deficit said to be the largest in decades. Photo: Mexican Presidency/AFP>

Sheinbaum aims to reduce this to 3 per cent next year, which will require significant spending restraint and additional tax income.

She has reportedly tasked Finance Secretary Rogelio Ramirez de la O with finding new revenue sources while maintaining social programmes.

Ramirez de la O has previously cited potential economic measures against China, accusing Beijing in July of increasing its global exports "at the expense of North America".

He said that Sino-Mexican trade relations were "not reciprocal" and that it was "only logical to expect that both Americans and Mexicans demand our fair share of this global demand".

According to El Universal's sources, the "unfair competition" from the Chinese e-commerce platforms had eliminated at least 20,000 textile industry jobs, reducing apparel manufacturing by 8 per cent.

The National Association of Self-Service and Department Stores trade group also accused the Chinese platforms of selling products that violated intellectual property rights and unregulated goods, including cosmetics.

None of the cited companies responded to requests for comment. The Mexican Finance Secretariat could not be reached for comment.

Any new tariffs, with rates yet to be determined, would be part of the 2025 economic package developed by Ramirez de la O, Economy Secretary Marcelo Ebrard and tax administration chief Antonio Martinez Dagnino.

According to law, the plan must be submitted to Mexico's Congress by mid-November for approval.

It would also penalise Chinese companies that bypass Mexico's import tracking system, which was instituted this month to prevent fraud. Companies violating rules more than three times monthly would face tax penalties.

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.

Mexico weighs whether to impose tariffs on e-commerce Chinese imports

Mexican President Claudia Sheinbaum is considering imposing tariffs on small imported goods from China to boost revenue and protect jobs in domestic industries, local media reported on Tuesday. Officials are seeking new revenue sources to address the nation's budget deficit and financial...

www.yahoo.com

If a Coke salesman can be your president, and a CIA agent as well, i don't think Mexican government can really do any thing.

The surprising story of ex-Mexican president Vicente Fox, who started as a Coca-Cola delivery worker and worked his way up to run Coca-Cola Mexico

Former Mexican president Vicente Fox led Coca-Cola's charge in taking on Pepsi in Mexico in the 1960s, working as a delivery truck driver. Later, he would become president of Coca-Cola Mexico.

www.businessinsider.com

Declassified Documents Uncover Yet Another Mexican President’s CIA Ties

Recently declassified documents have exposed former Mexican president José López Portillo as a CIA asset. The revelations are a reminder of his ignominious contributions to Mexico’s brutal “dirty war” against left dissent during the Cold War.

jacobin.com

 

[E-195]

If a Coke salesman can be your president, and a CIA agent as well, i don't think Mexican government can really do any thing.

The surprising story of ex-Mexican president Vicente Fox, who started as a Coca-Cola delivery worker and worked his way up to run Coca-Cola Mexico

Former Mexican president Vicente Fox led Coca-Cola's charge in taking on Pepsi in Mexico in the 1960s, working as a delivery truck driver. Later, he would become president of Coca-Cola Mexico.

www.businessinsider.com

Declassified Documents Uncover Yet Another Mexican President’s CIA Ties

Recently declassified documents have exposed former Mexican president José López Portillo as a CIA asset. The revelations are a reminder of his ignominious contributions to Mexico’s brutal “dirty war” against left dissent during the Cold War.

jacobin.com

View attachment 13723

New US shipping rules target China's Shein and Temu​

14 September 2024
Share
Save
Natalie Sherma

The US has proposed rules that would hit many low-value shipments from China with new taxes - a measure aimed at curbing the flood of packages from shopping sites such as Shein and Temu.

The Biden administration said the plan was intended to stop "abuse" of an exemption that allowed packages worth less than $800 (£600) to enter the US without facing tariffs and other fees.

The US said the "de minimis" rule has helped firms such as Shein and Temu, which typically ship directly from the manufacturer to the customer, undercut competitors with lower prices.

In statements, the two companies defended their business models.

US targets China's Shein and Temu with new shipping rules

Shein and Temu have been able to ship packages under $800 to the US without facing tariffs.

www.bbc.com

The news: The Biden administration plans to restrict the de minimis exemption, which allows shipments valued at $800 or less to enter the US without duty or much scrutiny.

Under the new rule, about 70% of Chinese textile and apparel shipments will be subject to tariffs and must go through more formal channels to enter the US, increasing financial pressure on companies like Temu, Shein, and Alibaba.

Why it matters: This change could especially handicap China-founded ecommerce companies like Temu and Shein, making it harder for them to ship to the US.

US tariff shift could affect Temu and Shein ad spending

Chinese retailers may cut ad spending under new tariffs: US tariff crackdown could impact Temu and Shein's ad investments, reshaping the digital ad market.

www.emarketer.com

well you do not read the whole issue

 

[E-195]

If a Coke salesman can be your president, and a CIA agent as well, i don't think Mexican government can really do any thing.

The surprising story of ex-Mexican president Vicente Fox, who started as a Coca-Cola delivery worker and worked his way up to run Coca-Cola Mexico

Former Mexican president Vicente Fox led Coca-Cola's charge in taking on Pepsi in Mexico in the 1960s, working as a delivery truck driver. Later, he would become president of Coca-Cola Mexico.

www.businessinsider.com

Declassified Documents Uncover Yet Another Mexican President’s CIA Ties

Recently declassified documents have exposed former Mexican president José López Portillo as a CIA asset. The revelations are a reminder of his ignominious contributions to Mexico’s brutal “dirty war” against left dissent during the Cold War.

jacobin.com

View attachment 13723

EU launches action against shopping website Temu over illegal products​

Formal investigation opens amid concerns Chinese shopping website is breaching Digital Services Act

The EU has launched formal proceedings against the Chinese shopping website Temu amid concerns it is failing to halt the sale of illegal products online.

A formal investigation was opened on Thursday with the European Commission citing concerns over the platform, which is a cut-price rival to Amazon.


With its tagline “shop like a billionaire”, the service has rapidly grown in the EU market since its launch in April last year, selling everything from cosmetics to clothing as well as furniture and tech, sourced directly in China to about 100 million users.

The European Commission said it had numerous concerns that the platform, owned by PDD Holdings, was breaching the new Digital Services Act (DSA), which regulates tech firms ranging from Facebook to X and Google.

Among them are concerns that it does not have sufficiently robust systems in place to stop the reappearance of “previously suspended rogue traders” with products re-emerging sometimes within days of being removed.

A senior commission official said concerns about selling of counterfeit products, pharmaceuticals, cosmetics and toys had been raised by various authorities across Europe, particularly in Germany, Denmark and Ireland, where the company is headquartered in the EU.

EU launches action against shopping website Temu over illegal products

Formal investigation opens amid concerns Chinese shopping website is breaching Digital Services Act

www.theguardian.com

León, Guanajuato.- The Government is seeking to regulate and control mini international purchases via platforms such as Shein and Temu.

Now, all international online sales companies will have to collect the RFC or CURP of their clients in Mexico so that the Ministry of Economy can control those who import merchandise on a large scale to resell in Mexico.

Pone el SAT en la mira ventas de Shein, Temu...

Gobierno federal anuncia normas para combatir prácticas abusivas de importación que dañan a industria

www.am.com.mx

In Mexico they prepare to stop Chinese products that enter through platforms such as Temu
Enrique Hernández | October 24, 2024 @ 1:10:14 pm

Photo: Reuters.
There will be provisions because there is an abuse of the use of the de minimis scheme, says the Undersecretary of Economy, Vidal Llerenas Morales.

The Government of Mexico will present fiscal provisions to stop the "vortex" of Chinese imports that are marketed through the Shein and Temu platforms, said the Undersecretary of Economy, Vidal Llerenas Morales, on Tuesday.

En México preparan freno a productos chinos que entran por plataformas como Temu

Habrá disposiciones porque hay un abuso del uso del esquema de minimis, dice el subsecretario de Economía, Vidal Llerenas Morales.

forbes.co

 

[rockdog]

View: https://youtu.be/rF7GUrNDXYM?si=9RmLjmaBCKCWESlS

 

[FalconSlayers]

Chinese office landlords offer free furnishings to lure tenants amid economic squeeze​

‘Rental fees are going down, and competition is getting fiercer,’ as landlords fight to sustain occupancy rates, CBRE researcher says

Shanghai landlords throw in free desks, chairs to lease empty offices

‘Rental fees are going down, and competition is getting fiercer,’ as landlords fight to sustain occupancy rates, CBRE researcher says.

www.scmp.com

 

[rockdog]

Lol meat consumption shouldn’t be a measuring stick you are proud of.

？


View: https://x.com/DetroitShowtyme/status/1851598039682814115?t=8PguR0yipcgBNRR8fTsMwQ&s=19

 

[helin]

？


View: https://x.com/DetroitShowtyme/status/1851598039682814115?t=8PguR0yipcgBNRR8fTsMwQ&s=19

Height of Asian youth

 

[rockdog]

View: https://youtu.be/5ZErypuePDk?si=NlPhHk0u4GvJFDfF


View: https://youtu.be/WmYh6stxPJ8?si=eNgwy81PB4DN-tNK

Xiaomi SU7 Ultra, with pricing of $120,000, with 3680 orders in 10 mins.

 

[E-195]

Brazil imposes new tariffs on imports from China in bid to fight dumping​

Duties on a range of imports, including iron, steel and fibre optics, come less than a month before Xi Jinping is to visit Rio de Janeiro

Brazil imposes new tariffs on imports from China in bid to fight dumping

Duties on a range of imports, including iron, steel and fibre optics, come less than a month before Xi Jinping is to visit Rio de Janeiro.

www.scmp.com

Brazil has imposed new tariffs on various imports from China, including a 35% tariff on fibre optic cables and a 25% increase on iron and steel products. The Foreign Trade Chamber Executive Committee (Gecex) justified these tariffs by citing a ‘significant increase in imports that harmed national production.’

Brazil imposes new tariffs on Chinese imports | Digital Watch Observatory

Despite the significant policy change, analysts suggest that a strong reaction from China is unlikely, highlighting the complex interplay between economic strategy and diplomatic relations.

dig.watch