Chinese Economy Watch

Are you aware that Hollywood gained a lot of popularity during The Great Depression ? That's coz unemployment levels were sky high & people had plenty of time for themselves . Besides ticket prices were very cheap.

Is that the case with the Chinese film industry today given the high unemployment levels in China ?

??

At least do some search and try some counterexample. And how you explain this?

China box office falls 23% to $5.8bn in 2024​



BTW, It's good movie, and gained $0.7Billion in 7 days since it's on 7-day spring festival holiday?


If only picking up two setences theory makes you think you know the secret of economics, i don't think you had good college education and serious academic training.
 
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According to the data from FY2024,India exports a wide range of products to the United States,covering several important industries.Here are the main categories of exported products and their values:


1.Pharmaceuticals and Medicines
India is one of the largest producers of generic drugs globally,and its pharmaceutical products hold a significant position in the US market.In FY2024,India's exports of pharmaceuticals to the US reached8.72 billion,accounting for 11%of India's total exports to the US.


2.Gems and Jewelry
India's gem and jewelry industry is renowned globally.In FY2024,exports of gems and jewelry,including pearls,precious stones,and diamonds,amounted to9.9 billion,representing 13%of India's total exports to the US.


3.Engineering Products
Engineering products,which include machinery and automotive parts,are a significant part of India's exports to the US.In FY2024,the export value of engineering products was17.6 billion,accounting for 23%of India's total exports to the US.


4.Electronic Products
India's exports of electronic products are also growing.In FY2024,the export value of electronic products,including telecommunication equipment and electronic components,reached10 billion,accounting for 13%of India's total exports to the US.


5.Textiles and Apparel
India's textile and apparel industry has a long history and offers a wide range of products,from high-end silk to everyday clothing.In FY2024,exports of textiles and apparel amounted to4.71 billion,accounting for 6%of India's total exports to the US.


6.Petroleum Products
India's exports of petroleum products are also increasing.In FY2024,the export value of petroleum products was5.83 billion,accounting for 8%of India's total exports to the US.


7.Other Important Export Products

• Seafood:India's seafood exports also hold a certain share in the US market.In FY2024,the export value of seafood was1.9 billion.

• Information Technology Services:Although not directly counted as goods exports,India's IT services and software solutions also have an important position in the US market.

These categories not only reflect the diversity of India's manufacturing and service sectors but also highlight India's significant presence in the US market.

————

I think Trump is going to raise tariffs


View: https://x.com/BeijingDai/status/1886737772595294668?t=KVJzauGCz51459JZ2qm8ZQ&s=19


View: https://youtu.be/tuUujxyynbw?si=0702-Xm-4Zpzrgzr
 
??

At least do some search and try some counterexample. And how you explain this?

China box office falls 23% to $5.8bn in 2024​



BTW, It's good movie, and gained $0.7Billion in 7 days since it's on 7-day spring festival holiday?


If only picking up two setences theory makes you think you know the secret of economics, i don't think you had good college education and serious academic training.
I didn't offer a comprehensive argument for I was saving it for your answer. You see a failing film industry or the entertainment industry in general is almost always an indication of a failing economy which is the reason economists were surprised at the spectacular performance of the entertainment industry namely Hollywood during The Great Depression.

This is where sociologists & psychologists stepped in to explain the situation. You see films or entertainment in general offers entertainment which in turn helps people forget their daily drudgery which in bleak times like The Great Depression gets multiplied given cheap ticket prices & no real hope of the economy reviving thus offering the lay people escapism. It's the same thing with alcoholic beverages.

If the Chinese film industry isn't doing well you ought to be grateful that though the economy is bad the film industry isn't booming which means you're not in The Great Depression like period . Of course with Trump in power all that can change instantly.

You should also check for alcoholic beverages consumption patterns. If the growth you see is the usual year on year growth then it means the economy's fine but if in the last 5 years ever since the Wuhan virus pandemic alcoholic beverages consumption patterns are showing enormous growth that means your economy is in trouble.

I was sure you'd be totally unaware of issues like these because they're not easily understood or discussed in the west too & since the CCP & their Han slaves derive everything from the west which they then duly copy unthinkingly there's no chance the ordinary Han would be aware of these dimensions to a problem. It's also called lateral thinking . People who're good in it excell in abstract concepts & occupation like Software where East Asia is mostly absent.
 
I didn't offer a comprehensive argument for I was saving it for your answer. You see a failing film industry or the entertainment industry in general is almost always an indication of a failing economy which is the reason economists were surprised at the spectacular performance of the entertainment industry namely Hollywood during The Great Depression.

This is where sociologists & psychologists stepped in to explain the situation. You see films or entertainment in general offers entertainment which in turn helps people forget their daily drudgery which in bleak times like The Great Depression gets multiplied given cheap ticket prices & no real hope of the economy reviving thus offering the lay people escapism. It's the same thing with alcoholic beverages.

If the Chinese film industry isn't doing well you ought to be grateful that though the economy is bad the film industry isn't booming which means you're not in The Great Depression like period . Of course with Trump in power all that can change instantly.

You should also check for alcoholic beverages consumption patterns. If the growth you see is the usual year on year growth then it means the economy's fine but if in the last 5 years ever since the Wuhan virus pandemic alcoholic beverages consumption patterns are showing enormous growth that means your economy is in trouble.

Theories like “Lipstick effect” is just small piece of economic indicator of whole economy, i just don't know why you wrote too much words for showing off you knew it, It's the basics of college lecture.


If you want to counter my disscussion, let me give you a hint, you should try to find enough materials like this, which in 3 years, created same revenue of whole movie industry in China.

The Dramatic Rise of China’s Mini-Dramas​


Inside China’s US$5 billion micro drama industry, which has the US in its sights​




BTW, the movie of Nezha is mostly an independent movie than a legacy "failing film industry", most of employees come from gaming industry, the similar group of people made Black myth Wukong. It has very limited connection with current movie industry except distribution channels.

See, i gave you exmaple and counterexmaple, be my guest since you don't do enough research.

That's why i said you might not had good college education according to my impression and made me to provide you the hints to counter myself.

It's a wasting of my time.
 
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Theories like “Lipstick effect” is just small piece of economic indicator of whole economy, i just don't know why you wrote too much words for showing off you knew it. It's the basics of college lecture.

I knew you wouldn't understand advanced concepts trying to link it with topics well within your realm of knowledge which is extremely limited to begin with just like it is with your intellect shaped as it is by your environment & the curricula you've been taught.

The Lipstick effect is gender specific . Show me a woman who doesn't want to look nice wherever her means !

The phenomenon I was referring to was pure escapism. That's what the surge in sales of alcoholic beverages & tickets to movies was in times of great desperation.

When will a person drink himself silly , day in & day out or watch movies continuously ? It's only when he has nothing to do which means plenty of time on one's hands with no future whatsoever.

What's that got to do with looking good all the time which is usually the pre occupation of only one gender unless of course you're arguing men are equally vain.

If you want to counter my disscussion, let me give you a hint, you should try to find enough materials like this, which in 3 years, created same revenue of whole movie industry in China.

The Dramatic Rise of China’s Mini-Dramas​


Inside China’s US$5 billion micro drama industry, which has the US in its sights​


What's unique in this ? It's a common phenomenon the world over including in the west , the Middle East , Latin America , Africa & India ever since the rise of network based platforms like Netflix.

It was preceded by daily soaps the world over pioneered by the US . With the proliferation of cell phones & short attention spans this was bound to happen.

However as usual it seems you didn't read the articles or merely glanced thru the first few lines or paragraphs you read & linked it here because they featured first in your search using the key words micro drama

I say this coz those very same articles comment on how this is a short lived phenomenon irrespective it being noticed & the trend copied by the west & more to the point it's now come under the scrutiny of the CCP censors which has deleted thousands of such videos online & is trying to regulate this phenomenon.


BTW, the movie of Nezha is mostly an independent movie than a legacy one, most of employees come from gaming industry, the similar group of people made Black myth Wukong. It has very limited connection with current movie industry except distribution channels.

See, i gave you exmaple and counterexmaple, be my guest since you don't do enough research.

Frankly if the youth of your country are popularizing a movie which was made by gaming enthusiasts it tells me everything I need to know about the Chinese youth , their tastes or rather the lack of it & the reason behind this movie's success.

If you had a little more intellect you would've immediately seen the pitfalls of this trend. It means the Chinese youth are a dissolute lot , they've plenty of time on their hands coz of high unemployment & money to go with it courtesy their parents's income & savings & the "little emperor syndrome" or another aspect of it - 孩奴 .

Sometime back you were here boasting bas usual about the incredible success of the
Chinese gaming industry & I wrote back on the ill effects of it stating that this wasn't an Eastern or Dharmic trait but a western trait the Chinese were blindly copying.

You defended the move saying it earned a lot of money especially in exports & that the CCP was regulating the industry in China.

Well now here you are. In addition to The Great Helmsman 2.0 & the CCP setting time limits for gaming for children by enacting rules & regulation , you're now faced with this phenomenon of having crossed over into the mainstream where regulating it will be all the more difficult especially now with high unemployment levels among the youth.

Congratulations !
That's why i said you might not had good college education according to my impression and made me to provide you the hints to counter myself.

If you mean I didn't have access to the Chinese education system then you're right & looking at you & your compatriots's response over the years on SM , I'm extremely grateful I wasn't born in Zhongguo which obviously means I wasn't subjected to your curricula.
It's a wasting of my time.
Who asked you to respond then ? You should've ignored it like you do so many posts I make tagging you when you've no arguments.
 
Surprising to see cement production declining so sharply in China in 2024
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