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?
[IMG alt="FalconSlayers"]https://defenceforumbharat.com/data/avatars/m/0/21.jpg?1721981678[/IMG]
@FalconSlayers @SKC
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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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]
@FalconSlayers @SKC
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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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]
@FalconSlayers @SKC
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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Xi Unleashes a Crisis for Millions of China’s Best-Paid Workers
China created a professional class in record time. Now, just as swiftly, many of their dreams are being crushed.
www.bloomberg.com
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To be rich is (not) glorious !Xi Unleashes a Crisis for Millions of China’s Best-Paid Workers
China created a professional class in record time. Now, just as swiftly, many of their dreams are being crushed.
D̶e̶n̶g̶ ̶̶X̶i̶a̶o̶p̶i̶n̶g
Xi Jinping
@rockdog
On September 19, the first domestically controllable F-class heavy-duty gas turbine (code name: G50), organized by the China Machinery Industry Federation and demonstrated by China Huadian Corporation, successfully passed product certification at the Huadian Qingyuan Overseas Chinese Garden project site in Guangdong.
During the product certification event for 2000 hours of full-load commercial operation held that day, an expert group composed of several domestic academicians and well-known experts concluded that this significant achievement indicates that the G50 gas turbine not only successfully passed 2000 hours of full-load commercial operation but also officially possesses the capability for promotion and application from "1" to "N." This fills the gap in China's independent gas turbine industry and provides a valuable reference model for the commercial operation of domestically produced gas turbines.
It is understood that during the application and operation of the G50 gas turbine, China Huadian, in collaboration with Dongfang Electric, has fully promoted the localization of gas turbines and the autonomous control of core technologies. Currently, the G50 gas turbine project has developed the capability for fault warning diagnosis and autonomous maintenance of domestically produced gas turbines, breaking through key core technologies such as remote monitoring, intelligent operation and maintenance, fault diagnosis, and health management. It has established a comprehensive technical standard system for the design, manufacturing, repair, and operational maintenance of domestically produced gas turbines, addressing the "bottleneck" issue of autonomous operation and maintenance, and laying a solid foundation for subsequent applications in fields such as ships, aerospace, and maintenance services for domestically imported gas turbines of the same model.
The 2000 hours of full-load commercial operation is a comprehensive test of the design, manufacturing, installation, debugging, and operational capabilities of the gas turbine. This move verifies that the gas turbine has undergone long-term, high-load continuous operation, demonstrating stability and durability under various working conditions, marking a key step from demonstration application to market application for the G50 gas turbine, with a technology maturity that can meet the demands of various complex commercial environments.
This verification also fully demonstrates that the G50 gas turbine possesses high quality throughout the entire process of design, manufacturing, and operation and maintenance. Its performance remains stable, providing reliable output of predetermined power and efficiency, ensuring stable clean energy supply for electricity users; its control system can effectively and accurately adjust operational parameters, ensuring safe and efficient operation of the gas turbine under different working conditions.
The event also included the signing of research project agreements for the Huadian sub-chamber of the full-weight laboratory and the unveiling ceremony for the autonomous gas turbine testing base.
During the product certification event for 2000 hours of full-load commercial operation held that day, an expert group composed of several domestic academicians and well-known experts concluded that this significant achievement indicates that the G50 gas turbine not only successfully passed 2000 hours of full-load commercial operation but also officially possesses the capability for promotion and application from "1" to "N." This fills the gap in China's independent gas turbine industry and provides a valuable reference model for the commercial operation of domestically produced gas turbines.
It is understood that during the application and operation of the G50 gas turbine, China Huadian, in collaboration with Dongfang Electric, has fully promoted the localization of gas turbines and the autonomous control of core technologies. Currently, the G50 gas turbine project has developed the capability for fault warning diagnosis and autonomous maintenance of domestically produced gas turbines, breaking through key core technologies such as remote monitoring, intelligent operation and maintenance, fault diagnosis, and health management. It has established a comprehensive technical standard system for the design, manufacturing, repair, and operational maintenance of domestically produced gas turbines, addressing the "bottleneck" issue of autonomous operation and maintenance, and laying a solid foundation for subsequent applications in fields such as ships, aerospace, and maintenance services for domestically imported gas turbines of the same model.
The 2000 hours of full-load commercial operation is a comprehensive test of the design, manufacturing, installation, debugging, and operational capabilities of the gas turbine. This move verifies that the gas turbine has undergone long-term, high-load continuous operation, demonstrating stability and durability under various working conditions, marking a key step from demonstration application to market application for the G50 gas turbine, with a technology maturity that can meet the demands of various complex commercial environments.
This verification also fully demonstrates that the G50 gas turbine possesses high quality throughout the entire process of design, manufacturing, and operation and maintenance. Its performance remains stable, providing reliable output of predetermined power and efficiency, ensuring stable clean energy supply for electricity users; its control system can effectively and accurately adjust operational parameters, ensuring safe and efficient operation of the gas turbine under different working conditions.
The event also included the signing of research project agreements for the Huadian sub-chamber of the full-weight laboratory and the unveiling ceremony for the autonomous gas turbine testing base.
Covering from deep sea to deep space, the BeiDou comprehensive positioning, navigation, and timing system is coming!
The "three-step" strategy of the BeiDou system has been completed, but this is not the end for BeiDou. The next step is to build a comprehensive positioning, navigation, and timing system to better serve global users. The successful construction of the BeiDou-3 system has laid a solid foundation for the development of the next generation of BeiDou systems. According to the plan, by 2035, China will establish a more ubiquitous, integrated, and intelligent comprehensive positioning, navigation, and timing system. This so-called "comprehensive positioning, navigation, and timing system" will use the BeiDou system as its core and foundation, covering a stronger, safer, and more reliable system from indoors to outdoors, and from deep sea to deep space.
To complete the comprehensive positioning, navigation, and timing system, the first plan is to establish a low-orbit satellite constellation system based on the BeiDou system by 2025, further expanding the coverage of high-precision services to achieve centimeter-level positioning services globally. Additionally, it will further overcome technical challenges of weak satellite navigation signals that are easily interfered with, enabling underwater navigation as well as indoor and deep space navigation.
XICHANG, Sept. 19 (Xinhua) -- China on Thursday launched two new satellites for the BeiDou-3 Navigation Satellite System (BDS-3) from the Xichang Satellite Launch Center in southwest China's Sichuan Province.
The two satellites, the 59th and 60th satellites of the BeiDou family, were launched at 9:14 a.m. (Beijing Time) by a Long March-3B carrier rocket and the Yuanzheng-1 (Expedition-1) upper stage attached to the carrier rocket.
They are the second group of medium Earth orbit (MEO) satellites launched since BDS-3 was formally commissioned to provide satellite navigation services worldwide. After entering orbit and completing in-orbit tests, they will be connected to the BDS system.
Compared with the previous group of MEO satellites, these new satellites feature upgraded onboard atomic clocks and new inter-satellite link terminals.
They will further improve the reliability of the BDS-3 system and the performance of its positioning, navigation and timing (PNT), global short message communications and other services.
The satellites will also be used for new technology tests for the next generation BDS system, according to the China Satellite Navigation Office.
China will accelerate the construction and development of the next-generation BDS system, and increase technical research on a variety of PNT methods that do not rely on satellites, said the office.
The satellites and launch vehicles were respectively developed by the Innovation Academy for Microsatellites under the Chinese Academy of Sciences and the China Academy of Launch Vehicle Technology under the China Aerospace Science and Technology Corporation.
This launch was the 535th mission involving Long March series carrier rockets. ■
The "three-step" strategy of the BeiDou system has been completed, but this is not the end for BeiDou. The next step is to build a comprehensive positioning, navigation, and timing system to better serve global users. The successful construction of the BeiDou-3 system has laid a solid foundation for the development of the next generation of BeiDou systems. According to the plan, by 2035, China will establish a more ubiquitous, integrated, and intelligent comprehensive positioning, navigation, and timing system. This so-called "comprehensive positioning, navigation, and timing system" will use the BeiDou system as its core and foundation, covering a stronger, safer, and more reliable system from indoors to outdoors, and from deep sea to deep space.
To complete the comprehensive positioning, navigation, and timing system, the first plan is to establish a low-orbit satellite constellation system based on the BeiDou system by 2025, further expanding the coverage of high-precision services to achieve centimeter-level positioning services globally. Additionally, it will further overcome technical challenges of weak satellite navigation signals that are easily interfered with, enabling underwater navigation as well as indoor and deep space navigation.
XICHANG, Sept. 19 (Xinhua) -- China on Thursday launched two new satellites for the BeiDou-3 Navigation Satellite System (BDS-3) from the Xichang Satellite Launch Center in southwest China's Sichuan Province.
The two satellites, the 59th and 60th satellites of the BeiDou family, were launched at 9:14 a.m. (Beijing Time) by a Long March-3B carrier rocket and the Yuanzheng-1 (Expedition-1) upper stage attached to the carrier rocket.
They are the second group of medium Earth orbit (MEO) satellites launched since BDS-3 was formally commissioned to provide satellite navigation services worldwide. After entering orbit and completing in-orbit tests, they will be connected to the BDS system.
Compared with the previous group of MEO satellites, these new satellites feature upgraded onboard atomic clocks and new inter-satellite link terminals.
They will further improve the reliability of the BDS-3 system and the performance of its positioning, navigation and timing (PNT), global short message communications and other services.
The satellites will also be used for new technology tests for the next generation BDS system, according to the China Satellite Navigation Office.
China will accelerate the construction and development of the next-generation BDS system, and increase technical research on a variety of PNT methods that do not rely on satellites, said the office.
The satellites and launch vehicles were respectively developed by the Innovation Academy for Microsatellites under the Chinese Academy of Sciences and the China Academy of Launch Vehicle Technology under the China Aerospace Science and Technology Corporation.
This launch was the 535th mission involving Long March series carrier rockets. ■
Last edited:
China’s Roborock Tops US’ iRobot to Become World’s Largest Robot Vacuum Maker in Second Quarter
China’s Roborock Tops US’ iRobot to Become World’s Largest Robot Vacuum Maker in Second Quarter
(Yicai) Sept. 20 -- Roborock Technology has surpassed US firm iRobot to become the world’s largest robot vacuum maker by shipments in the second quarter of the year.
Roborock’s shipments rose 8 percent in the three months ended June 30 from a year earlier, while iRobot’s fell 6 percent in the period, according to a report released by the International Data Corporation yesterday. The former also surpassed the latter in terms of revenues from the robot vacuum cleaner business.
Nine of the world’s 10 largest sweeping robot makers were Chinese companies in the second quarter. Ecovacs ranked third, followed by Xiaomi, Dreame, Narwal, Anker Innovations, SharkNinja, Lefant, and ILife Robot, according to the report.
Global robot vacuum shipments soared nearly 16 percent to over 5.1 million units in the period, the report also showed. In the first half, the figure exceeded 9.6 million units, Yicai calculated from IDC data.
With the upgrading of robot vacuum cleaners’ functions, the pace of new product releases accelerated in the first half, with the proportion of high-end products to overall shipments surging, driving the average unit price up to about USD485 in the second quarter, IDC noted.
The main competition in the smart robot vacuum market will focus on high-end products in the second half, with their accelerated deployment expected to intensify competition, said Zhao Siquan, senior analyst at IDC China. The rise in average prices will impose higher requirements on consumers’ purchasing power, she added.
Chinese companies are accelerating their overseas expansions, especially in developed markets where their products have significant performance advantages, IDC added. North America and Europe will remain key battlegrounds for Chinese firms in the second half, Zhao predicted.
Global vacuum cleaner sales rose 13 percent in the six months ended June 30 from a year earlier, with robot vacuum cleaners accounting for about 26 percent of the total. The share of robot vacuums is increasing because of consumers’ higher remand for convenience, health, and technological innovations, said Lu Yan, managing director of the Chinese branch of German researcher GFK.
Rapid innovation and intensified competition are the main reasons Chinese sweeping robot makers are expanding overseas, Zhou Nan, secretary-general of the Household Appliances Branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, told Yicai.
(Yicai) Sept. 20 -- Roborock Technology has surpassed US firm iRobot to become the world’s largest robot vacuum maker by shipments in the second quarter of the year.
Roborock’s shipments rose 8 percent in the three months ended June 30 from a year earlier, while iRobot’s fell 6 percent in the period, according to a report released by the International Data Corporation yesterday. The former also surpassed the latter in terms of revenues from the robot vacuum cleaner business.
Nine of the world’s 10 largest sweeping robot makers were Chinese companies in the second quarter. Ecovacs ranked third, followed by Xiaomi, Dreame, Narwal, Anker Innovations, SharkNinja, Lefant, and ILife Robot, according to the report.
Global robot vacuum shipments soared nearly 16 percent to over 5.1 million units in the period, the report also showed. In the first half, the figure exceeded 9.6 million units, Yicai calculated from IDC data.
With the upgrading of robot vacuum cleaners’ functions, the pace of new product releases accelerated in the first half, with the proportion of high-end products to overall shipments surging, driving the average unit price up to about USD485 in the second quarter, IDC noted.
The main competition in the smart robot vacuum market will focus on high-end products in the second half, with their accelerated deployment expected to intensify competition, said Zhao Siquan, senior analyst at IDC China. The rise in average prices will impose higher requirements on consumers’ purchasing power, she added.
Chinese companies are accelerating their overseas expansions, especially in developed markets where their products have significant performance advantages, IDC added. North America and Europe will remain key battlegrounds for Chinese firms in the second half, Zhao predicted.
Global vacuum cleaner sales rose 13 percent in the six months ended June 30 from a year earlier, with robot vacuum cleaners accounting for about 26 percent of the total. The share of robot vacuums is increasing because of consumers’ higher remand for convenience, health, and technological innovations, said Lu Yan, managing director of the Chinese branch of German researcher GFK.
Rapid innovation and intensified competition are the main reasons Chinese sweeping robot makers are expanding overseas, Zhou Nan, secretary-general of the Household Appliances Branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, told Yicai.
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Doesn’t matter now as our wise ancestors said “ ugte suraj ko Pranam karte hai ,dubte suraj ko koi nhi puchta” .
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