Chinese Economy Watch

rockdog · 2024-12-20T10:10:23+0530

View: https://x.com/tphuang/status/1869898951349997852?t=6aRX89wNYE4qxcEW_H9QFg&s=19

rockdog · 2024-12-20T11:11:04+0530

View: https://x.com/olalatech1/status/1869656487641149481?t=r2N5t8tqyu_ydsPflcFENA&s=19

Nutcracker · 2024-12-20T12:38:20+0530

Nibbler said:
Man if this happens, ccp is just dumping on its own people again..

https://www.reuters.com/markets/currencies/chinese-authorities-are-considering-weaker-yuan-trump-trade-risks-loom-sources-2024-12-11/

USA just toys with Chyna. It spreads rumours of import taxes and Chinese sellers line up to dump their goods at loss making rates just to bypass the upcoming import duties. Simultaneously US imposes ban on high end GPU/tech , and Chinese entities run to buy that commodity at inflated price from scalpers in TW or West. Both ways US wins.

helin · 2024-12-20T14:15:36+0530

Nutcracker said:
USA just toys with Chyna. It spreads rumours of import taxes and Chinese sellers line up to dump their goods at loss making rates just to bypass the upcoming import duties. Simultaneously US imposes ban on high end GPU/tech , and Chinese entities run to buy that commodity at inflated price from scalpers in TW or West. Both ways US wins.

It's too bad,

China loses out again

E-195 · 2024-12-21T05:53:20+0530

Claudia Sheinbaum, president of Mexico, signed a decree today that includes an increase in tariffs on textiles, but will they affect imported Chinese products from Shein and Temu? We explain.
Marcelo Ebrard, Secretary of Economy, spoke about this and indicated that this decree was planned because 70 thousand jobs have been lost, "it is evident that it is not the initiative of a single company, but rather it is a strategy to win the market," he stressed.
He added that 35% tariffs will be imposed and imports will be temporarily closed, but clarified that they are Mexican companies that import from Asia, countries such as Bangladesh, China, Indonesia.
But with respect to Shein and Temu, he indicated that they are different cases because they are companies that evade taxes, therefore, there will be other sanctions and regulations that apply. "They enter the market without paying VAT, we already have that located," he added.

View: https://www.youtube.com/watch?v=ir9IDdAIThQ

How much will Shein, Temu and Aliexpress products increase due to tariffs in Mexico?
Imported clothing from Shein, Temu and Aliexpress will increase with the increase in the temporary import tariff.

If it is about ready-made goods, the companies will have to pay a 35 percent tariff and if it is textile goods, 15 percent.

¿Aumentará la ropa de Shein, Temu y Aliexpress por aranceles en México?

En México la industria textil genera 400 mil empleos, que se busca que se mantengan.

mtpnoticias.com

E-195 · 2024-12-21T06:14:19+0530

(Reuters) - The Biden administration plans to blacklist a Chinese company whose TSMC-made chip was illegally incorporated into a Huawei artificial-intelligence processor, according to a person familiar with the matter.

The Chinese company, Sophgo, drew attention after a chip found on Huawei's Ascend 910B multi-chip system matched one it ordered from Taiwan Semiconductor Manufacturing Company.

Sophgo is the latest Chinese company slated to be punished by the U.S. for helping Huawei. This month, the Commerce Department added other companies viewed as part of Huawei's shadow network to the U.S. Commerce Department's restricted trade list.
Sophgo, an affiliate of bitcoin mining equipment supplier Bitmain, is in the process of being placed on the list, known as the Entity List, the source said.

Companies are added to the list for activities contrary to U.S. national security and foreign-policy interests. Exporters are then barred from shipping goods and technology to them without a license, which is likely to be denied.

China's Huawei, a telecommunications equipment maker and technology conglomerate, was placed on the list in 2019. Since 2020, it has been a violation to ship even foreign-made chips to the company without a license.

A U.S. Commerce Department spokesperson declined to comment.

Sophgo did not immediately respond to requests for comment. In an October statement, the company said it "has never been engaged in any direct or indirect business relationship with Huawei."

https://www.yahoo.com/finance/news/exclusive-us-plans-blacklist-company-154941620.html