Chinese Economy Watch

[rockdog]

Airbus builds strong supply chain in China​

(Xinhua) 14:17, December 04, 2024
TIANJIN, Dec. 4 (Xinhua) -- European aircraft manufacturer Airbus opened its first safety promotion center in China on Tuesday at its facilities in the northern port city of Tianjin, part of the company's global efforts to strengthen safety culture within the organization and improve safety awareness throughout the industry.

"Many domestic and international partners often come to Tianjin. The center will help us enhance the understanding of the importance of aviation safety and effectively implement aviation safety measures in practice," said George Xu, Airbus executive vice president and Airbus China CEO.

This year, Airbus has continued to deepen its industrial footprint in China and upgraded its industrial facilities in the country, with a focus on resilience, especially in Tianjin. Its efforts to increase production capacity to meet the booming market demand have demonstrated its long-term commitment to China.

Last month, Airbus signed several cooperation agreements with its partners at the 15th China International Aviation and Aerospace Exhibition held in the city of Zhuhai, south China's Guangdong Province, covering customer service, sustainable development, innovation, industrial cooperation and helicopters.

"Aviation, connecting people and cargo, is a tool to promote exchanges among countries, which relies very much on free trade. We always believe that free trade is an important engine to propel the prosperous development of countries. We hope that in the future, free trade can make even bigger progress," Xu said, noting that the series of products and solutions from Airbus has showcased the cooperation between China and Europe.

As of October 2024, Airbus Tianjin has delivered over 750 A320 Family aircraft, 16 A330 aircraft and 24 A350 aircraft since 2008.

Airbus has said that about a third of its aircraft operated by Chinese mainland airlines are delivered from Airbus Tianjin.

In the next two decades, China will need over 9,500 new passenger and freighter aircraft, accounting for over 20 percent of global demand, according to Airbus' latest global market forecast.

In order to meet the growing demand, the construction of the second A320 Family Final Assembly Line (FAL) at Airbus Tianjin is well underway, having commenced in September 2023.

The second FAL is expected to be put into operation by the beginning of 2026. By then, Airbus will have a global production network of 10 FALs, two of which will be in Tianjin, demonstrating the company's determination to expand its presence in China.

"After FAL 2 goes into operation, Airbus will greatly enhance its cooperation with China in the areas of wings and fuselage equipping," Xu said.

Wings produced by the Aviation Industry Corporation of China Xi'an Aircraft International (Tianjin) Corporation (AVIC XAT), which is located near the Airbus Tianjin A320 Family FAL, can be delivered directly to the FAL, reducing transportation time by at least 60 days when compared to shipment from the UK by sea.

This October, AVIC XAT was awarded the Ramp-up Champion Award during the 2024 Airbus Global Supplier Conference. Despite a tight global supply chain, AVIC XAT has delivered high-quality wings for the A320 Family in an efficient and timely manner, providing strong support for Airbus' global civil aircraft production rate increase.

During the exhibition, Airbus and AVIC XAT signed a procurement contract to expand cooperation to include the A321 model, in addition to existing cooperation on the A320.

In 2024, Airbus signed cooperation agreements with several Chinese or foreign suppliers with facilities in China, covering items from the upstream of raw materials to the lower stream of equipment, in an effort to expand its supply chain in China.

"The Chinese supply chain is an integral part of the global aviation industry, showing great resilience and competitiveness," Xu said. At present, approximately 200 suppliers in China support the production of Airbus' commercial aircraft.

The company's industrial chain in China is playing an increasingly important role in propelling the global aviation industry. In recent years, aircraft assembled at the Airbus Tianjin A320 Family FAL have been delivered to airlines across Europe and Asia.

"As a long-term reliable partner of the Chinese aviation industry, Airbus is committed to continuously expanding its industrial footprint and promoting common progress across the entire industrial chain in the country for enhanced resilience and competitiveness. Airbus will continue to become an outstanding multinational enterprise in China, contribute to the high-quality development of China's aviation industry, and make positive contributions to the global aviation industry," Xu said.

There will be lots of further cooperations between EU and China.

 

[Nibbler]

 

[randombully]

View attachment 17662

We do have 15+ trillion dollar economy if you judge it by ppp.
Chinks has 35+ trillion dollars economy by ppp.
Now ppp also matters a lot, "just "judging the gdp as exchange rate is kind of wrong.

 

[Nibbler]

We do have 15+ trillion dollar economy if you judge it by ppp.
Chinks has 35+ trillion dollars economy by ppp.
Now ppp also matters a lot, "just "judging the gdp as exchange rate is kind of wrong.

of course. a man like zhong xiaohan doesn't lie

 

[rockdog]

We do have 15+ trillion dollar economy if you judge it by ppp.
Chinks has 35+ trillion dollars economy by ppp.
Now ppp also matters a lot, "just "judging the gdp as exchange rate is kind of wrong.

5x or 6x?


View: https://youtube.com/shorts/8TfXgjYHjac?si=IBy53f7puAd_NlUA

 

[E-195]

View: https://www.youtube.com/watch?v=1rOeXFrqOzI


Mexican Authorities Raid Chinese Yiwu Mall, Confiscate 260,000 Fake Items Valued at $3.6 Million
The raid was conducted by over 200 law enforcement officers, including marines, intelligence agents, city police, and trade officials. The authorities seized more than 260,000 items, valued at about 75 million pesos (around 3.7 million USD). These goods had no import documents or product labels, and roughly 90,000 items were counterfeit brand-name products, including Marvel, Sanrio, Disney, and Nintendo. The goods were reportedly from China, Malaysia, Indonesia, Bangladesh, and Vietnam, and took authorities seven hours to collect.

 

[randombully]

5x or 6x?


View: https://youtube.com/shorts/8TfXgjYHjac?si=IBy53f7puAd_NlUA

That's gdp based on exchange rate.
Second we can't implement chinese model here, we are a democracy with states also having significant powers.
For example in maharashtra bullet train project was stopped for years because bjp lost the election.
Similarly, there's west Bengal state ruled by mamta, and she's just fucking up the economy of that state, central gov. Can't prevent it, beacuse mamta's party won the election.
Our growth could easily touch +8% if west Bengal is reformed.

 

[rockdog]

of course. a man like zhong xiaohan doesn't lie

Also like Gorden Chang & Yasheng Huang?

A new generation of Gordon Chang wannabes has emerged in the United States. Long the butt of jokes among sinologists and China economists, the author of The Coming Collapse of China, first published in 2001, has been nothing if not consistent. The man has made it twice on Foreign Policy magazine’s “10 worst predictions of the year”.

My Take | Why ‘China doomers’ are almost always wrong

People should really get a sense of the scale and complexity of a country’s economy before making sage pronouncements on its rise or fall.

www.scmp.com

Yasheng Huang?

Huang, Yasheng, and Tarun Khanna. "Can India Overtake China?" Foreign Policy, no. 137 (July–August 2003): 74–81.

Can India Overtake China? - Article - Faculty & Research - Harvard Business School

www.hbs.edu

 

[srev2004]

Also like Gorden Chang & Yasheng Huang?

A new generation of Gordon Chang wannabes has emerged in the United States. Long the butt of jokes among sinologists and China economists, the author of The Coming Collapse of China, first published in 2001, has been nothing if not consistent. The man has made it twice on Foreign Policy magazine’s “10 worst predictions of the year”.

My Take | Why ‘China doomers’ are almost always wrong

People should really get a sense of the scale and complexity of a country’s economy before making sage pronouncements on its rise or fall.

www.scmp.com

Yasheng Huang?

Huang, Yasheng, and Tarun Khanna. "Can India Overtake China?" Foreign Policy, no. 137 (July–August 2003): 74–81.

Can India Overtake China? - Article - Faculty & Research - Harvard Business School

www.hbs.edu

What about this guy? Is he joker too?

Xi Jinping calls for fertility policy ramp up in China

China's ageing population is burdening its pension system, and although the country abandoned its 35-year-old one-child policy in 2015, it has struggled to boost the birth rate.

www.rnz.co.nz

 

[randombully]

What about this guy? Is he joker too?

Xi Jinping calls for fertility policy ramp up in China

China's ageing population is burdening its pension system, and although the country abandoned its 35-year-old one-child policy in 2015, it has struggled to boost the birth rate.

www.rnz.co.nz

The fall of birth rate is gonna the biggest and most probably the sole reason of decline of chinks, though it will start after 2050.
And No, robots and AI ain't fixing that.


If current trend of our lower birth rate also continues we will also join chinks after 2070 in economic decline.

With that said SK will start facing "SERIOUS" decline after 2035, "very fucking serious"
With Japan and Europe already facing slow gradual decline.

 

[srev2004]

The fall of birth rate is gonna the biggest and most probably the sole reason of decline of chinks, though it will start after 2050.
And No, robots and AI ain't fixing that.


If current trend of our lower birth rate also continues we will also join chinks after 2070 in economic decline.

With that said SK will start facing "SERIOUS" decline after 2035, "very fucking serious"
With Japan and Europe already facing slow gradual decline.

China is already declining people wise

 

[randombully]

China is already declining people wise

I'm talking about economic decline.

 

[Nibbler]

u dare defy your general Helin?

 

[Nibbler]

The fall of birth rate is gonna the biggest and most probably the sole reason of decline of chinks, though it will start after 2050.
And No, robots and AI ain't fixing that.


If current trend of our lower birth rate also continues we will also join chinks after 2070 in economic decline.

With that said SK will start facing "SERIOUS" decline after 2035, "very fucking serious"
With Japan and Europe already facing slow gradual decline.

after 2050? its starting in 2030. check dependancy ratios not raw population numbers. people over 60 are useless

indias medin age in ~2060 will be about what china's median age is today.

 

[Nibbler]

big yikes

 

[randombully]

after 2050? its starting in 2030. check dependancy ratios not raw population numbers. people over 60 are useless

indias medin age in ~2060 will be about what china's median age is today.

Na till 2050, Chinese can manage and still grow their economy even with demographic decline.
After 2050 tho, without "mass immigrants" or reform in birth rate.
They will decline.

 

[Nibbler]

Na till 2050, Chinese can manage and still grow their economy even with demographic decline.
After 2050 tho, without "mass immigrants" or reform in birth rate.
They will decline.

2030. prices are set at margin.

 

[E-195]

View: https://www.youtube.com/watch?v=ON1zbmBLiVI

Only 10 Out of 400 Chinese EV Companies Left? Electric Buses Can’t Hold Up, Switching Back to Gas​

Here’s something unexpected: a showroom for Yuanhang Motors. I heard the company went bankrupt. Without after-sales support, buying a car from them seems risky. This display car is covered in dust—I’ve never seen it before. It’s astonishing how a new energy vehicle brand could fall so quickly. If this car sold for fifty thousand yuan, I’d consider buying it. I think many others would, too. But when it was new, the price was at least a few hundred thousand yuan, maybe more. All of these cars are fully electric.

 

[rockdog]

View: https://www.youtube.com/watch?v=ON1zbmBLiVI

Only 10 Out of 400 Chinese EV Companies Left? Electric Buses Can’t Hold Up, Switching Back to Gas​

Here’s something unexpected: a showroom for Yuanhang Motors. I heard the company went bankrupt. Without after-sales support, buying a car from them seems risky. This display car is covered in dust—I’ve never seen it before. It’s astonishing how a new energy vehicle brand could fall so quickly. If this car sold for fifty thousand yuan, I’d consider buying it. I think many others would, too. But when it was new, the price was at least a few hundred thousand yuan, maybe more. All of these cars are fully electric.
View attachment 17771

BYD has made more electric buses in the US than anyone else—and it hasn’t given up on cars

BYD has made more electric buses in the US than anyone else—and it hasn’t given up on cars

China's BYD has focused on electric buses and trucks in the U.S.—and it's delivered more electric buses than any other maker so far.

www.greencarreports.com

5,900 e-buses are in operation in Latin America, with BYD, Foton and Yutong leading​

5,900 e-buses are in operation in Latin America, with BYD, Foton and Yutong leading

Around 5,900 electric buses are in operation in 41 cities in 12 Latin American countries, according to data highlighted in the E-Bus Radar...

www.sustainable-bus.com

 

[helin]

BYD has made more electric buses in the US than anyone else—and it hasn’t given up on cars

BYD has made more electric buses in the US than anyone else—and it hasn’t given up on cars

China's BYD has focused on electric buses and trucks in the U.S.—and it's delivered more electric buses than any other maker so far.

www.greencarreports.com

5,900 e-buses are in operation in Latin America, with BYD, Foton and Yutong leading​

5,900 e-buses are in operation in Latin America, with BYD, Foton and Yutong leading

Around 5,900 electric buses are in operation in 41 cities in 12 Latin American countries, according to data highlighted in the E-Bus Radar...

www.sustainable-bus.com

In Japan, pure electric bus manufacturers are still very few.

In the pure electric bus market in Japan, China's BYD (BYD) accounts for about 70% of the share,