Dismiss Notice
Welcome to IDF- Indian Defence Forum , register for free to join this friendly community of defence enthusiastic from around the world. Make your opinion heard and appreciated.

China's Economic News

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

  1. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
  2. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    http://www.nextbigfuture.com/2017/03/made-in-china-2025-plan-is-similar-to.html


    March 28, 2017


    "Made in China 2025" is an initiative to comprehensively upgrade Chinese industry. The initiative draws direct inspiration from Germany's "Industry 4.0" plan, which was first discussed in 2011 and later adopted in 2013. The heart of the "Industry 4.0" idea is intelligent manufacturing, i.e., applying the tools of information technology to production. In the German context, this primarily means using the Internet of Things to connect small and medium-sized companies more efficiently in global production and innovation networks so that they could not only more efficiently engage in mass production but just as easily and efficiently customize products.

    The Chinese effort is far broader, as the efficiency and quality of Chinese producers are highly uneven, and multiple challenges need to be overcome in a short amount of time if China is to avoid being squeezed by both newly emerging low-cost producers and more effectively cooperate and compete with advanced industrialized economies.

    If Germany’s goal is to have its SMEs hitch on to a high-tech revolution, China aims to comprehensively upgrade its industry in all dimensions (human capital, management, optimization, quality control, etc.). In other words, Made in China 2025 represents a holistic approach to manufacturing whereas Industrie 4.0 focuses primarily on internet integration.

    It appears that Made in China 2025 took at least one page out of America’s book. The Chinese plan foresees the creation of 15 manufacturing innovation centers by 2020 and 40 by 2025. A few years ago, the U.S. government co-founded a National Network for Manufacturing Innovation (NNMI) made up of several Institutes for Manufacturing Innovation, a concept similar to Chinese innovation centers. Although distinct from the Industrial Internet and the IIC, the NNMI bears a distinctive hallmark of industrial policy. In this sense, Made in China 2025, Industrie 4.0, and America’s NNMI all trace their origins to government activism.

    [​IMG]

    [​IMG]
     
    SrNair and Agent_47 like this.
  3. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    http://www.nextbigfuture.com/2017/03/china-starting-to-acquire-some.html

    March 28, 2017
    China's outbound Merger and Acquisition activity surged in 2015 and 2016 with a broad universe of acquirers executing transactions with an increase in pace and deal size.

    This surge has been driven by a range of macro factors, including the pursuit of long-term and sustainable growth, consumption by the rising middle class, and a favorable regulatory and financing environment. Chinese buyers are becoming more active and experienced in M and A and are comfortable executing public takeovers and arranging acquisition financing in overseas markets.

    Global mergers and acquisitions set a record in 2015 with transaction volume reaching nearly $5 trillion, driven by the globalization of the M&A market and the emergence of Asia Pacific as a key player in it. Asia Pacific companies’ appetite for M and A has increased due to a range of macro factors, with overall Asia Pacific M and A volume approximately doubling from $748 billion in 2013 to $1.5 trillion in 2015.

    Chinese buyers are playing an increasing role in Asia Pacific M and A activity, with their volume nearly tripling from $259 billion in 2013 to $735 billion in 2015. In addition, seven of the 10 largest cross-regional acquisitions out of Asia Pacific in the first four months of 2016 were announced by Chinese buyers.

    China is transforming its economy from export-driven manufacturing to one driven by technology, industrial know-how and consumption. The strategic priorities of Chinese buyers have evolved to reflect this shift. Chinese companies are acquiring North American and European companies to enhance technological capabilities and move the nation’s industrial sector upstream, to obtain high-value brands that can be offered to the maturing consumer in China, and to build scale and distribution in strategically important markets and geographies. Chinese companies are looking beyond market share in China to global markets, with their sights set on becoming market leaders globally.

    China invested $9.9 billion into new Silicon Valley firms in 2015 and made an additional $3.5 billion in tech investments in the first nine months of last year.

    - Boston-based artificial intelligence start-up Neurala
    - China bought US tech companies make rocket engines for spacecraft, sensors for autonomous navy ships, and printers that make flexible screens that could be used in fighter-plane cockpit
    - In May 2015, Haiyin Capital invested an undisclosed in XCOR Aerospace, a Mojave, Calif., commercial space-travel company that makes spacecraft and engines and has worked with NASA
    - In 2016, Tianjin Tianhai bought Ingram Micro for $6.07 Billion
    - In 2015,WeEn Semiconductor acquired NXP Power Semiconductors for $1.8 billion. ISSI was acquired by a Chinese consortium for $765 million; and Hua Capital Management Co. Ltd. Acquired OmniVision Technologies for $1.9 billion.
    - In 2016, a Silicon Valley start-up called Kateeva that makes machines that print flexible screens raised $88 million from a group of Chinese investors.

    [​IMG]
    [​IMG]

    [​IMG]

    [​IMG]
     
  4. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    http://www.nextbigfuture.com/2017/03/china-using-up-to-million-dollar-fuding.html

    March 21, 2017
    China has a program of bonuses and funding to recruit top scientific talent

    1. The "Thousand Talents Program" Scientists

    (1) Long Term Talents: The employee shall receive a personal funding package of 1 million RMB (US$144,000) from the nation's central budget and 3 million RMB ((US$432,000) from CAS special talents funds.

    (2) Short Term Talents: The employee shall receive a personal funding package of 0.5 million RMB from the nation's central budget.

    (3) Young Talents: The employee shall receive a research funding package of 1 million to 3 million RMB, a personal funding package of 0.5 million RMB from the nation's central budget and 0.5 million RMB from CAS special talents funds.

    (4) Foreign Experts: The employee shall receive a research funding package of 3 million to 5 million RMB and a personal funding package of 1 million RMB from the nation's central budget.

    2. The "Hundred Talents Program" Scientists

    (1) Academic Leaders (A-Class of the "Hundred Talents Program"):

    CAS will allocate a funding package of 7 million RMB (a little of US$1 million) to the Academic Leaders and 1 million RMB to cover the infrastructure construction.

    (2) Technological excellence (B-Class of the "Hundred Talents Program")

    A technological Excellence will get the package of 1-2 million RMB and an infrastructure services funding of 0.6 million RMB from CAS.

    (3) Young Talents (C-Class of the "Hundred Talents Program")

    CAS will allocate a funding package of 0.8 million RMB for the Young Talents and after a period of time, the young talent will be reviewed and mit supported by auto recruited in the "Hundred Talent Program" with a funding package of 2 million RMB and an Infrastructure construction funding of 0.6 million RMB from CAS.

    CIAC will also provide extra start-up funding, settling-in allowance and housing allowance for these employees.

    Chinese employer takes a cut of any patents or inventions — important markers in Beijing’s efforts to measure its progress. Employees can retain about 42.5% ownership of patents and inventions which is competitive with international standards.

    China is and will continue to put hundreds of billions to buying key technology companies and making large investments in automation and robotics.

    China still has to catch up to Mexico, Malaysia and Spain on per person productivity.

    [​IMG]

    [​IMG]


    [​IMG]

    [​IMG]
     
  5. Averageamerican

    Averageamerican Colonel ELITE MEMBER

    Joined:
    Oct 3, 2010
    Messages:
    15,365
    Likes Received:
    2,382
    Country Flag:
    United States
    U.S. President Donald Trump and Chinese President Xi Jinping have agreed to a new 100-day plan for trade talks that will boost U.S. exports and reduce the United States' trade deficit with China, Commerce Secretary Wilbur Ross said on Friday.
    "Given the range of issues and the magnitude, that may be ambitious, but it's a very big sea change in the pace of discussion," Ross told reporters after the leaders of the world's two largest economies held their first face-to-face talks. "I think that's a very important symbolization of the growing rapport between the two countries."
    (Reporting by Steve Holland; Writing by Roberta Rampton and Ayesha Rascoe; Editing by Leslie Adler)
     
  6. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    U.S. President Donald Trump and Chinese President Xi Jinping should cooperate together to control the whole world.

    Chinese President Xi Jinping is the terminator of the CCP ruling in China, he needs the cooperation from U.S. President Donald Trump to fulfill his mission in the next five years.
     
    Last edited: Apr 9, 2017
  7. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    List of countries by credit rating
    https://en.wikipedia.org/wiki/List_of_countries_by_credit_rating

    Standard & Poor's
    For S&P, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.

    China AA- Negative 2016-03-31
    India BBB- Stable 2014-09-26
    Russia BB+ Positive 2017-03-17


    Moody's
    For Moody's, a bond is considered investment grade if its credit rating is Baa3 or higher. Bonds rated Ba1 and below are considered to be speculative grade, sometimes also referred to as "junk" bonds.


    China Aa3 Negative 2016-03-02
    India Baa3 Positive November 16, 2016
    Russia Ba1 Negative 2016-04-22



     
  8. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
  9. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    http://www.semiconductor-today.com/news_items/2017/apr/nedi_070417.shtml

    7 April 2017


    Gallium nitride fin transistor with high linearity and output power

    Nanjing Electronic Devices Institute in China has used fin structures to improve the linearity of aluminium gallium nitride/gallium nitride (AlGaN/GaN) high-electron-mobility transistors (HEMTs) [Kai Zhang et al, IEEE Electron Device Letters, published online 24 March 2017]. The team comments: “To the best of our knowledge, this is the first demonstration of superior power performance of high-linearity GaN finFETs, indicating significant advantages of tri-gate configuration over planar HEMTs for microwave power applications.”

    Fin structures allow better electrostatic control of channel conduction by transistor gates, reducing the negative short-channel effects of the scaled gate-lengths needed for high-frequency operation. Linearity in radio frequency (RF) operation is also highly desired for mobile communication platforms.

    An AlGaN/GaN epitaxial structure – a 16nm Al0.3Ga0.7N barrier, a 1nm AlN spacer, and a 1.5μm GaN buffer – was grown on silicon carbide (SiC), giving a two-dimensional electron gas with 1.06x1013/cm2carrier density of 2170cm2/V-s mobility, according to Hall measurements.
    ======================================================

    In addition to the radar infrastructure design, the impact of the T / R components on the overall performance of the radar is also very significant. At present, the international mainstream T / R component types are gallium arsenide and gallium nitride, in which gallium nitride is emerging in recent years, not only for radar radio and other equipment, radio communications also need high performance Gallium nitride semiconductor components.
    -------------------------------------------------------------------------------

    Nanjing Electronic Devices Institute , as a unit responsible for the development of T / R components, this breakthrough in the formation of gallium arsenide T / R ccan help for the Chinese defense industry to develop the gallium nitride T / R components. However, due to material properties and other reasons, as a new thing, gallium nitride T / R components will appear some of the original problems have not been encountered. In addition to the use of diamond as the substrate material to improve the thermal conductivity, reduce component power consumption, the application of three-dimensional GaN FinFET can be said to be another way.

    In the current semiconductor industry starting to promote the trend of a variety of three-dimensional structure of the chip, the introduction of three-dimensional structure, the GaN two-dimensional device into a three-dimensional structure, can be said to be a big innovation. Simply, under the same power, volume of T / R components will be able to provide more accurate radar waveforms and higher RF power, without further increasing the external energy requirements , and further improve the radar basic performance.
     
    Last edited: Apr 16, 2017
  10. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    What Is the U.S. Trade Deficit with China?
    https://www.thebalance.com/u-s-china-trade-deficit-causes-effects-and-solutions-3306277

    The U.S. trade deficit with China was $347 billion in 2016. The trade deficit exists because U.S. exports to China were only $116 billion while imports from China were $463 billion.

    The United States imports consumer electronics, clothing and machinery from China. A lot of the imports are from U.S. manufacturers that send raw materials to China for low-cost assembly.


    Once shipped back to the United States, they are considered imports. (Source: "U.S. Trade in Goods With China," U.S. Census.)

    Causes of the Trade Deficit
    China can produce many consumer goods for lower costs than other countries can. Americans of course want these goods for the lowest prices. How does China keep prices so low? Most economists agree that China's competitive pricing is a result of two factors:

    1. A lower standard of living, which allows companies in China to pay lower wages to workers.
    2. An exchange rate that is partially fixed to the dollar.
    That means many American companies can't compete with China's low costs. As a result, U.S. manufacturing jobs are lost. From time to time, legislators try to impose tariffs or other forms of trade protectionism against China to bring jobs back.

    If the United States implemented trade protectionism, U.S. consumers would have to pay high prices for their "Made in America" goods.


    That's why it's unlikely that the trade deficit will change. Most people would rather pay as little as possible for computers, electronics and clothing, even if it means other Americans lose their jobs.

    How Is China's Standard of Living Measured?

    China is the world's largest economy. It also has the world's biggest population.


    That means it must divide its production between almost 1.4 billion residents. A common way to measure standard of living is gross domestic product per capita. China’s GDP per capita is $15,400. China's leaders are desperately trying to get the economy to grow faster to raise the country’s living standards. They remember Mao's Cultural Revolution all too well. They know that the Chinese people won't accept a lower standard of living forever.

    How China Manages Its Currency

    China sets the value of its currency, the yuan, to equal the value of a basket of currencies that includes the dollar. In other words, China pegs its currency to the dollar using a modified fixed exchange rate. When the dollar loses value, China buys dollars through U.S. Treasurys to support it. For the latest updates, see Dollar to Yuan Conversion.

    How It Affects the U.S. Economy
    China must buy so many U.S. Treasury notes that it is now the second-largest lender to the U.S. government. Japan is the largest. As of February 2017, the U.S. debt to China was $1.059 trillion. That's 28 percent of the total public debt owned by foreign countries. Many are concerned that this gives China political leverage over U.S. fiscal policy, since it could call in its loan.


    (Source: "Major Foreign Holdings of Treasury Securities," U.S. Treasury.)

    By buying Treasurys, China helped keep U.S. interest rates low. That helped fuel the U.S. housing boom, which lead to the subprime mortgage crisis. If China were to stop buying Treasurys, interest rates would rise. That could throw the United States and the world into recession. But this wouldn’t be in China's best interests, as U.S. shoppers would buy fewer Chinese exports. In fact, China is buying almost as many Treasurys as ever.

    U.S. companies that can't compete with cheap Chinese goods must either lower their costs or go out of business. Many businesses reduce their costs by outsourcing jobs to China or India, which adds to U.S. unemployment. Other industries have just dried up. U.S. manufacturing, as measured by the number of jobs, declined 34 percent between 1998 and 2010.

    As these industries declined, so has U.S. competitiveness in the global marketplace. (Source: "Employees by Industry," Bureau of Labor Statistics.)
     
  11. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    India’s trade deficit with China rises to $53 billion in FY16
    http://www.thehindu.com/news/nation...ses-to-53-billion-in-FY16/article16714941.ece

    India’s trade deficit with China increased to $52.69 billion in 2015-16 from $48.48 billion in the previous financial year, Parliament was informed on Monday.

    During the April-September period of 2016-17, the deficit is at $25.22 billion, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

    “Increasing trade deficit with China can be attributed primarily to the fact that Chinese exports to India rely strongly on manufactured items to meet the demand of fast expanding sectors like telecom and power,” she said.

    India is negotiating the Regional Comprehensive Economic Partnership (RCEP) trade agreement keeping in view “its offensive export interests” as well as sensitivities with respect to all participating countries including China, she said.

    She added that efforts are being made to increase overall exports by diversifying the trade basket with emphasis on manufactured goods, services, resolution of market access issues and other non-tariff barriers.

    Further, the Minister said that as India and China are WTO members, any restrictions imposed on trade needs to be WTO compliant.

    No blanket ban can be imposed on China or any other member country under the WTO framework, she added.

    Replying to a separate question, she said India’s import of bulk drugs from China stood at $1.63 billion in 2015-16, which constitutes 64 per cent of India’s total bulk drug imports. Overall, India had imported such drugs worth $2.5 billion last fiscal.

    “Efforts are being made for revival of (Active Pharmaceutical Ingredient) API industry to lessen dependency on import of key starting materials, intermediates and bulk drugs including from China,” the Minister said.
     
  12. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
  13. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    http://news.xinhuanet.com/english/2017-01/13/c_135979593.htm

    BEIJING, Jan. 13 (Xinhua) -- China's foreign trade surplus narrowed to 3.35 trillion yuan (about 486 billion U.S. dollars) in 2016, down 9.1 percent from a year earlier, customs data showed Friday.

    The country's exports in yuan-denominated terms dropped 2 percent to 13.84 trillion yuan year on year in 2016, while imports rose 0.6 percent from the 2015 level to 10.49 trillion yuan, according to the General Administration of Customs (GAC).

    The total export and import value decreased 0.9 percent year on year to 24.33 trillion yuan.
     
  14. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa
    China and the United States GDP forecast

    http://mil.news.sina.com.cn/dgby/2017-02-06/doc-ifyafcyw0417941.shtml

    According to the US Bureau of Economic Analysis data, the current value of US dollars, the United States 2016 total GDP of about 18.6 billion US dollars. The National Bureau of Statistics of China's data show that the initial accounting, 2016 annual gross domestic product of 74412.7 billion yuan, in dollar terms, the total more than 11 trillion US dollars.

    China's GDP rose from $ 1 trillion to $ 10 trillion in 14 years, while the US took 31 years. in 2001, USA was the first country's GDP reaching 10 trillion dollars.

    In the World Economic Outlook Report released in January, the International Monetary Fund raised China's economic growth forecast by 0.3 percentage points to 6.5 percent this year, while maintaining China's 6 percent growth forecast for next year. While the agency's growth rate for the next two years is slightly higher than 2%.

    This means that "China's speed" will continue. According to the "China Economic Growth Report 2016" issued by the National Economic Accounting and Growth Center of Peking University, the total GDP of China calculated by the exchange rate method in 2020 may be close to or reach the level of the United States.
     
  15. RMLOVER

    RMLOVER Lieutenant FULL MEMBER

    Joined:
    Mar 26, 2017
    Messages:
    436
    Likes Received:
    255
    Country Flag:
    South Africa

Share This Page