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China's Economic News

Discussion in 'China & Asia Pacific' started by Martian, Aug 6, 2010.

  1. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    Chinese fishing fleet in African waters reports nine per cent of catch to UN - 04 Apr 2013 - News from BusinessGreen

    Just nine per cent of the millions of tonnes of fish caught by China's giant fishing fleet in African and other international waters is officially reported to the UN, say researchers using a new way to estimate the size and value of catches.

    Fisheries experts have long considered that the catches reported by China to the UN's Food and Agriculture Organisation (UNFAO) are low but the scale of the possible deception shocked the authors.
    "The study shows the extent of the looting of Africa, where so many people depend on seafood for basic protein. We need to know how many fish have been taken from the ocean in order to figure out what we can catch in the future," says Daniel Pauly, at the University of British Columbia (UBC). "Countries need to realise the importance of accurately recording and reporting their catches and step up to the plate, or there will be no fish left for our children."

    The alleged gross misrepresentation of the official Chinese catch suggests that many countries are being systematically cheated, leaving them unable to devise effective management plans to conserve stocks. The long term implications for food security could be severe because many millions of people in developing countries depend on fish both for their livelihoods and for their diets.

    But a spokesman for the UNFAO, the agency that keeps track of global fisheries catches, disputed the new figures. "The estimates in this paper of Chinese catches off west Africa are far too high."

    In their new study, scientists at UBC estimate that China's "distant water" fleet of 3,400 vessels catches 4.1 million tonnes of fish every year, worth $11.5bn, from the coastal waters of 93 countries. But the Chinese government, says the report, tells the UNFAO that its vessels only took an average of 368,000 tonnes a year from 2000-2011.

    The team of 20 researchers calculated the number of Chinese vessels fishing in international waters by consulting news reports, online articles and local fishery experts and estimated that nearly 75 per cent of all the fish caught by Chinese vessels came from African waters, with almost three million tonnes a year from west Africa.

    According to the UNFAO, the west African coast has some of the world's most abundant fishing grounds, but almost all are fully or over-exploited by international fishing fleets.

    [​IMG]
    Chinese fishing vessels in the port of Haikou. | AFP / STR

    The FAO spokesman said the estimated three million tonne take by China off west Africa was on the same scale as the total catch of all 22 west African coastal states and 38 foreign nations fishing in the region in combined. He noted that unregulated catches are by definition unreported but said the "best" estimate for these was less than 560,000 tonnes a year.

    If Chinese vessels are taking far more fish than suspected, it would mean that many poor countries are losing tens of millions of dollars, having signed contracts with Chinese companies to catch far fewer fish. However, the study does not try to estimate the amount of illegal fish caught by Chinese vessels.

    According to Greenpeace, sub-Saharan Africa is now the only region on earth where per capita fish consumption is falling, largely because foreign fishing fleets have removed so much fish.

    Public pressure both in Europe and in developing countries has forced European fleets to stop fishing in some west African coastal waters, but Chinese vessels have moved in, to the consternation of local fishing fleets .

    "Chinese agreements are generally the most private and secretive and are often only known to a few individuals within a host country's ministry," says the report.

    "China hasn't been forthcoming about its fisheries catches," says Dirk Zeller, a co-author of the study. "While not reporting catches doesn't necessarily mean the fishing is illegal - there could be agreements between these countries and China that allow fishing - we simply don't know for sure as this information just isn't available."

    The authors estimated that 345 Chinese ocean-going vessels fish African waters with several thousand others working in Pacific waters. Some of the fish is sold on the international market but much is returned to China. The only large regions of the world where Chinese distant water vessels do not operate are the Arctic, the Caribbean and the coasts of North America and Europe.

    This article first appeared at the Guardian

    BusinessGreen is part of the Guardian Environment Network
     
    Last edited: Apr 7, 2013
  2. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    Google translation
    IN CHINA, JUST REAL ESTATE BUBBLE BURST

    Both engines of China's growth stalled at the same time home sales fell 25% in a year and exports to Europe fell 9.8%. Officially, China is going through a "little slow" but if the (more difficult to embellish the GDP indicator) power consumption is observed, China is close to recession as growth of 6 %. In May, industrial activity declined: it is not a slowdown in growth but a decline.

    [​IMG]

    We saw in Spain that gives a burst real estate bubble: unemployment has tripled and José Luis Zapatero to resign. In China, the bubble is bigger than it was in Spain. And explosion risk of having much more serious social consequences because there is no insurance coverage for the unemployed, or family support for millions of people uprooted. But Chinese leaders have no desire to relinquish power: they announced that they will double the military budget by 2015 to have four times the budget of the Army of Japan, the hereditary enemy .

    Gare au prochain tsunami financier
     
  3. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    China Grows Down by Andrew Sheng and Xiao Geng - Project Syndicate

    HONG KONG – For more than three decades, China’s GDP has grown by an average of more than 10% annually. But former Premier Wen Jiabao rightly described this impressive growth performance as “unstable, unbalanced, uncoordinated, and unsustainable,” highlighting the many economic, social, and environmental costs and challenges that have accompanied it. Now China must choose between the export-based, investment-driven growth model of the past and a new, more viable economic order.

    Cheap credit and perverse incentives – such as promotions for officials who contribute most to GDP growth – have led to massive but redundant investment, which, in turn, has contributed to excess capacity in manufacturing and infrastructure. This model is not only inefficient; channeling government resources to support investment also undermines China’s social development.

    Given this, China’s leaders have decided to stop using GDP growth as the primary criterion for evaluating officials’ performance. Indeed, the 12th Five-Year Plan, which extends until 2015, aims to shift China’s economy to a new, more sustainable growth model based on quality and innovation, and accepts that annual GDP growth will likely fall to 7% during the transition.

    Most discussion of growth models nowadays is based on work by the Nobel laureate Robert Solow. For Solow, GDP growth is determined by the factor inputs of land, labor, and capital, together with the economy’s total factor productivity (TFP, or the change in output not accounted for by changes in the volume of inputs, but by factors like technological innovation and institutional reform).

    Since 1978, China, by implementing major reforms, has achieved three periods of high TFP growth, each lasting 5-7 years. First, in the early 1980’s, following the introduction of the rural household-responsibility system, which boosted agricultural productivity and released a large amount of unskilled labor to work in the higher-productivity urban and industrial sectors, annual TFP growth accelerated to 3-4%.

    The second such period followed Deng Xiaoping’s southern tour in 1992, during which he emphasized the need to shift to a market-based – albeit state-controlled – system by opening China’s economy to foreign direct investment and establishing special economic zones to help develop export-oriented industries. This time, TFP growth soared to 5-6%, partly owing to the “catching up” process facilitated by China’s adoption of foreign technology and know-how.

    Finally, after major reforms of state-owned enterprises (SOEs) and the tax system, China acceded to the World Trade Organization in 2001. With the country fully integrated into global supply chains, TFP growth hit 4%, where it remained until 2007. Since then, however, the TFP growth rate has fallen by almost half.

    Indeed, China’s economy has experienced a significant – and ongoing – growth slowdown in the wake of the global economic crisis that erupted five years ago. By 2012, human capital’s contribution to China’s GDP growth fell almost to zero, with fixed-capital accumulation accounting for roughly 60% of total growth. Large-scale, debt-funded capital investments have raised the country’s credit/GDP ratio to nearly 200%, increasing the financial system’s vulnerability – a development reflected in the recent spike in interbank interest rates.

    In order to achieve more balanced and sustainable GDP growth, China’s leaders must implement a set of deep, comprehensive, and long-lasting institutional reforms aimed at boosting TFP. In particular, the reforms should be designed to facilitate China’s transition from its traditional supply-based growth model, which assumes that building hard infrastructure leads automatically to demand growth.

    In fact, GDP growth may be slowing precisely because existing investment in manufacturing and infrastructure, undertaken largely by local governments and SOEs, does not match the pattern of domestic demand. As a result, China now faces the problem of short-term excess capacity.

    Improving the quality of GDP growth will depend on Chinese leaders’ willingness to enact market-oriented reforms. Rather than directly driving investment, the state must emphasize its regulatory and enforcement functions, including setting and overseeing standards, building an effective property-rights infrastructure, and managing macroeconomic conditions. At the same time, the state must improve the quality and delivery of education, health care, and security, while minimizing corruption and administrative abuses.

    In short, China must shift its focus from meeting GDP growth targets to creating an environment that fosters innovation and competition, thereby enabling market forces to set prices and allocate resources more effectively. The state would thus become an intermediary agent, facilitating the development of a sustainable economic order in which less is more – that is, a system in which less intervention creates more opportunities for creativity.

    SOEs undoubtedly played an important role in China’s previous growth model, delivering the infrastructure and services that were deemed necessary for the global manufacturing supply chain to function. But access to cheap credit from state-controlled banks creates an incentive for SOEs to generate surplus capacity, which increases systemic risk in the economy. To correct China’s excess-capacity problem would require the relevant enterprises, whether SOEs or private firms, to exit the market.

    Unless China’s leaders implement major structural reforms aimed at establishing a market-based growth model, they will be unable to avoid the “middle-income trap” that has prevented so many developing economies from attaining advanced-country status. The deceleration in GDP growth that such reforms would cause would be more than offset by increased market dynamism and overall economic stability.
     
  4. hy_003

    hy_003 FULL MEMBER

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    Re: Ford to Build $500 Million Engine Plant in Chongqing

    New Focus is a nice car and comfortable to control,I like it.....
     
    Last edited: Aug 23, 2013
  5. layman

    layman Aurignacian STAR MEMBER

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    [MENTION=4919]hy_003[/MENTION] please cut the bolds. We do read all the content of posts. Thanks
     
    Last edited: Aug 23, 2013
  6. layman

    layman Aurignacian STAR MEMBER

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    Build it and they will believe, says defiant China tycoon

    [​IMG]

    Beijing: A Chinese multi-millionaire who built himself an Egyptian pyramid and a replica of Versailles vows to construct the world's tallest building in just six months -- despite authorities preventing work amid safety concerns.

    Zhang Yue is worth an estimated 1.1 billion yuan ($180 million)and has grandiose aspirations, the biggest of them to build an 838 metre tall tower he calls "Sky City" by the year's end.

    It is designed to be 10 metres higher than the current title-holder, the Burj Khalifa in Dubai -- which took five years to construct.

    But he admits the project has run into fierce opposition. "There are not many people who support us," Zhang told AFP. "There are too many bad people."

    Zhang, 53, made a fortune selling air-conditioners and was the first Chinese entrepreneur to own a private helicopter, but has sought to reinvent himself as a green crusader.

    He retains a down-to-earth manner, eating in a staff canteen and spitting casually into a tissue as he talks, but sees himself as a visionary hoping to reshape China's cities.

    The decades-long movement of hundreds of millions of people from China's countryside to its towns and conurbations is the largest migration in human history, and both a cause and effect of its economic boom, but he sees it as a road to environmental disaster.

    "We have to quickly move out of this mistaken kind of urbanisation," he said, describing Sky City, with energy-saving materials and reduced use of land, as "one such way out".

    Zhang's company Broad Sustainable Building has already built a 30 storey hotel in 15 days in the central Chinese city of Changsha.

    A time-lapse video of the construction has been viewed more than five million times on Youtube and shows the concrete and metal sections being slotted into place and bolted together, akin to a gigantic Lego set.

    "Our aim is not making money," he said, lounging in bare feet on the hotel's top floor, as thick grey smog - a common sight in Chinese cities - blurred his view of surrounding fields.
    "Once you have environmental consciousness, money loses meaning."

    A short man who appears to have difficulty staying still, Zhang sipped from a giant cylinder of tea as a chauffeur drove him past the 130-foot high pyramid he built on his corporate campus.

    Opposite it stands a replica of France's Palace of Versailles, designed by his wife, which Zhang plans to turn into an "environmental philosophy academy", although for now it hosts a display of North Korean paintings.

    Zhang - who has renounced his helicopter citing concerns about climate change - is "not far off being an environmental activist", said Rupert Hoogewerf, compiler of the Hurun Report, an annual Chinese rich list.

    China's wealthiest - many of whom have been millionaires for more than a decade - are attempting to influence social and other issues, he said.

    "These are people who have the sense they have everything financially and materially they could ever want and are now looking beyond that, to legacy and extended status."

    "I could make an even taller building"

    Close to Zhang's office, workers in a cavernous hangar welded together the pre-fabricated building sections, and he insisted there would be "no problems" using the method to build Sky City.

    "We will be finished by December," he said. "I could make an even taller building."

    Construction was formally launched last year, but rapidly suspended and state-run media reported authorities in Changsha had ordered a halt as it lacked proper permits.
    Independent engineering experts say the Sky City concept faces a host of problems, from lift design and fireproofing to the physical compression caused by the monumental weight of the completed building.

    An audience "laughed" when Zhang's plans were first presented at a meeting of the US-based Council on Tall Buildings and Urban Habitat (CTBUH), said David Scott, a structural director at engineering firm Laing O'Rourke.

    But now "people understand it's a much more serious offer", he said. "I wouldn't say it's not feasible... Properly thought through, it will work."

    China's earthquake-proofing standards for skyscrapers are amongst the world's strictest, he added, and construction may have been delayed by a mandatory expert review of the project.

    CTBUH director Antony Wood said: "I'm still skeptical, but it's with a massive amount of respect for what (Broad Group) has done so far. I'm not inclined to write it off."

    In the hotel, Zhang - who studied art and first worked as an interior decorator - brandished one of his firm's egg-shaped smartphones, which can gauge levels of tiny air pollutants known as PM2.5.

    It was an attempt to demonstrate his building's immaculate air quality - although the demonstration was rendered more difficult by the cigarette he had just smoked.

    Pollution is a hot-button issue in China, but Zhang still feels victimised and misunderstood.

    "In this society, if you try to do something good, no one will believe you," he said. "Society lacks basic trust, and sees everything good as bad."

    More Info
     
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  7. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    The greatest uncertainty that the world faces today do not concern the euro but the future path adopted by China. In fact, the model which allowed the rapid growth of the country has reached its limits.

    This model was based on restrictive financial arrangements for households to stimulate export growth and investment.

    The household sector is therefore eroded to represent only 35% of GDP. Forced savings that were recommended are no longer sufficient to finance the current growth model. This has led to an exponential increase in the use of various forms of debt financing.

    The Chinese leadership was right to uphold the economic growth on structural reforms, to the extent that when combined with fiscal austerity, these structural reforms push the economy into a deflationary spiral.

    However, it remains an unresolved contradiction in the current policies of China: restarting the engine is also accompanied by the reappearance of an exponential growth in debt, which will be at most tenable for two years.

    The answer to the question of how and when this contradiction is resolved will have considerable consequences for China and for the world.

    Success of the Chinese transition would enable most likely political and economic reforms, while failure would challenge the strong confidence of the country in respect of its political leaders, giving rise to a crackdown on the national level, and a possible military confrontation with the international.

    Finally, the misallocation of credit and real resources into unproductive projects decreases the wealth of the country. There is a price to pay, and a way to avoid paying this price is getting angry against his neighbor, and to initiate a war.
     
  8. layman

    layman Aurignacian STAR MEMBER

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    China's five largest power firms hit record revenues for 2013

    [​IMG]
    A model of a China Huaneng Group coal-fired power plant. (Photo/Xinhua)

    China's five largest state-controlled power companies set new records for revenue in 2013 as a result of plunging coal prices.

    The nation's five largest power firms, which account for over half of the country's power usage, earned a combined revenue of 74.03 billion yuan (US$12.23 billion) in 2013, which was 60% higher than the 46 billion yuan (US$7.6 billion) generated in 2012 and was also a record high since 2002.

    China Huaneng Group Corporation topped the list with reported revenue of 20.84 billion yuan (US$3.45 billion), followed by China Guodian Corporation and China Huadian Corporation, whose revenue was pegged at 15.79 billion yuan (US$2.61 billion) and 15.17 billion yuan (US$2.51 billion), respectively.

    Further, China Power Investment Corporation (CPI) and China Datang Corporation saw revenues jump to 11.16 billion yuan (US$1.85 billion) and 11.07 billion yuan (US$1.83 billion), respectively.

    In addition, the five groups' combined net revenue was 47.39 billion yuan (US$7.84 billion).

    Coal costs account for at least 70% of the total overheads incurred during thermal power generation, so the power enterprises have benefited from plummeting coal prices since May 2012.

    An electricity industry employee told Shanghai's China Business News that he was optimistic but cautious about the profits generated as these power firms might face a deficit again if coal prices rise again. He also added that when coal prices had surged in 2008, these firms had suffered a combined deficit of over 100 billion yuan (US$16.5 billion). The current revenue could be seen as compensation for the losses experienced during that period, he said.

    In the meantime, their generation capacity has grown steadily as well, which is one of the reasons for revenue growth in addition to the coal price decrease.

    Huaneng generated 649.3 billion Kilowatt hours (KWh) in 2013, up by 7%, while Huadian supplied 472.8 billion KWh, up by 8.1%.

    Market observers predict that coal prices will continue to slip in 2014.

    More Info
     
  9. Martian

    Martian Captain SENIOR MEMBER

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    Last edited: Feb 13, 2014
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  10. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

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    Koss Corporation moves manufacturing from China to Mexico
    El Paso, Texas, February 20, 2014 – Milwaukee-based Koss Corporation, a designer and manufacturer of stereo headphones and accessories for global consumers, has completed the movement of some of its manufacturing from China based vendors to its own manufacturing operations in Mexico.

    The company recently began operations in Ciudad Juarez to assemble Koss’ products. The Koss Corporation established its new Mexico operations through the El Paso-based, Tecma Group of Companies, and has signed a five year contract for what are commonly referred to as “shelter services” in Mexico.

    According to Dave Smith, Koss’ CFO, “Now was the right time to move some of our production from China to Mexico. Mexico’s favorable wage structure, available labor force and proximity to the U.S. market are all strategic advantages for our company. The Koss Corporation looks forward to partnering with the Tecma Group in Ciudad Juarez to the mutual benefit of both of our organizations.”
    About the Koss Corporation

    The Koss Corporation was founded by John Koss, who invented the first stereo headphones in 1958. The company has been pioneering hi-fi technology for three generations. In addition to hi-fidelity headphones the company designs, manufactures and sells computer headsets, telecommunications headsets, active noise canceling stereo headphones, wireless stereo headphones, and compact disc recordings of American Symphony Orchestras under the Koss Classics label to retailers and distributors.
    About the Tecma Group of Companies
    The Tecma Group of Companies, Inc., headquartered in El Paso, Texas provides services that have enabled firms from a wide range of industries to establish and maintain production facilities in Ciudad Juarez, Mexico and beyond, for almost three decades. Under its Mexico Shelter Manufacturing Partnership (MSMP) companies control and focus on their core manufacturing functions, while Tecma tends to their human resource, payroll, accounting, logistics, and other needs that, although important, are not part of the manufacturing process. Sign up to receive Tecma’s information content via RSS feed.


    Koss Corporation moves manufacturing from China to Mexico - Maquila Portal
     
  11. Martian

    Martian Captain SENIOR MEMBER

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    A great way to celebrate the end of Chinese New Year is to note the progress in Shenzhen. My, how far you've come.

    China Estimates 2013 Growth at 7.6% as Challenges Seen Ahead - Bloomberg

    [​IMG]
    Commercial and residential buildings stand illuminated at night in the Luohu district of Shenzhen, China. China’s GDP reversed a two-quarter growth slowdown in the July-September period, as Premier Li Keqiang spurred factory output and investment in the world’s second-largest economy to meet the expansion target. (Photographer: Brent Lewin/Bloomberg)
     
  12. Martian

    Martian Captain SENIOR MEMBER

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    China on-track for $720 billion trade surplus in 2015

    For the first two months of 2015, China had a $120 billion trade surplus.
    For Taiwan, the first two months yielded a $9 billion trade surplus.

    For the year, China should have a merchandise trade surplus of $720 billion.
    For this year, Taiwan's merchandise trade surplus will be $54 billion.

    Altogether, the Greater China merchandise trade surplus is currently $65 billion per month (or $774 billion annually). I'm pretty sure this is a new world record. I can't remember a country that has ever recorded a 3/4 TRILLION trade surplus in one year. Under the One China Policy, Taiwan and China are considered one country.
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    References.

    China's exports post surprise drop in January - MarketWatch
    "China's exports post surprise drop in January
    Published: Feb 8, 2015 9:52 a.m. ET
    ...
    China's trade surplus widened in January to $60 billion from $49.6 billion in December...."

    China trade surplus hits new record as exports grow - BBC News
    "China trade surplus hits new record as exports grow
    8 March 2015

    China's monthly trade surplus hit a record $60.6bn (£40.3bn) in February, as exports grew and imports slid back."

    Taiwan Exports Fall Unexpectedly In February
    "Taiwan Exports Fall Unexpectedly In February
    3/9/2015 4:40 AM ET
    ...
    In the first two months of 2015, a [Taiwan] trade surplus of $9.36 billion was recorded."
     
    Last edited: Mar 30, 2015
  13. Martian

    Martian Captain SENIOR MEMBER

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    China's Billion-Dollar Companies

    I am focusing on China's tech companies. Banks, insurance companies, real estate companies, etc. are excluded from this list.

    Here's my pick of China's Top 50 technology companies. Many of China's largest military contractors, such as NORINCO, are missing. It's simply my personal preference to keep the spotlight on the civilian companies.

    China's Norinco Is Defense Giant on Global Growth Path - Businessweek
    "Sep 25, 2014 - The bottom line: China arms maker Norinco's $62 billion in 2013 revenue make it bigger than Lockheed Martin or General Dynamics."

    China Railway Construction - $89.9 billion in sales
    SAIC Motor - $88.3 billion
    Huawei - $46.3 billion
    Lenovo - $38.71 billion
    BAIC Motor - $33.3 billion
    Haier - $29.5 billion
    Huaneng Power International - $21.8 billion
    China Aerospace Science and Industry Corporation (CASIC) - $21.61 billion
    Sinohydro Group - $19.7 billion
    Great Wall Technology - $15.1 billion
    China CNR - $14.6 billion
    CSR - $14.1 billion
    TCL - $13.83 billion
    ZTE - $13.1 billion
    Tencent - $12.899 billion
    Shanghai Electric Group - $12.8 billion
    Sinomach Automobile - $12.18 billion
    Datang International Power - $12.1 billion
    Shanghai Pharmaceuticals - $12.09 billion
    Xiaomi - $12 billion
    China Aerospace Science and Technology Corp. - $11.29 billion (2009 revenue)
    China National Chemical- $9.67 billion
    Weichai Power - $9.4 billion
    Sichuan Changhong Electric - $9.24 billion
    Great Wall Motor - $8.9 billion
    BYD - $8.4 billion
    Alibaba - $7.95 billion
    Baidu - $7.906 billion
    China Shipbuilding Industry - $7.9 billion
    SINOPEC Engineering (Group) - $7.1 billion
    Dongfang Electric - $6.85 billion
    Yunnan Yuntianhua - $6.55 billion
    Zoomlion Heavy Industry - $6.24 billion
    Dongfeng Motor Group - $6.1 billion
    Inspur - $5.9 billion
    Chongqing Changan Auto - $5.83 billion
    Sany Heavy Industry - $5.8 billion
    AVIC International - $5.39 billion
    BOE Technology Group - $5.38 billion
    China Oilfield Services - $4.5 billion
    Wanhua Chemical Group - $3.2 billion
    Guangzhou Automobile Group Co. Ltd. - $3 billion
    Goldwind - $2.85 billion
    Shenyang Machine Tool Co. - $2.7 billion
    SMIC - $2.07 billion
    Netease - $1.5 billion
    Hikvision - $1.49 billion
    HiSilicon - $1.36 billion
    Spreadtrum - $1.07 billion
    RDA Microelectronics - $0.43 billion
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    References:

    The World's Biggest Public Companies | Forbes Global 2000
    Bloomberg
    Statista
    Company websites

    You may like: Taiwan's Billion-dollar Companies
     
  14. Martian

    Martian Captain SENIOR MEMBER

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    China's 2014 exports total $2.343 trillion

    China's Top 10 Exports - World's Top Exports

    [​IMG]
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    US 2014 exports total $1.623 trillion

    United States Top 10 Exports - World's Top Exports

    "In 2014 exports from America amounted to US$1.623 trillion, up 27.1% since 2010."
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    German 2014 exports total $1.28 trillion

    German exports hit record high in 2014 | Business | DW.DE | 09.02.2015

    "Germany exported a record 1.13 trillion euros ($1.28 trillion) worth of goods and services last year - 3.7 percent more than in 2013, according to figures released Monday by the country's statistics office, Destatis."
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    Japanese 2014 exports total $0.691 trillion

    Top Japan Exports

    "...Japan was the world's number 4 exporter in 2014. Japan shipped US$691.2 billion worth of goods, down by 10.2% since 2010."
     
  15. sunny

    sunny 2nd Lieutant FULL MEMBER

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    Since Taiwan trade surplus from China is 10billion $ during the first two months of 2015, in another word, in not inlude China, Taiwan will has $0.6 billion trade deficit with the world
     

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