China Posts Record Trade Surplus ，$873 billion，for 2022 Despite Slowing Demand

[beijingwalker]

Hmm...growing salty

Big demand in China for India-made Covid meds: A tribute and a warning

Indian drug makers should not try to circumvent the terms under which they have obtained the licence to manufacture a version of Paxlovid.

www.google.com

Watch: Is China Selling A 'Replica' Of Mahindra SUVs - Thar & Bolero In Pakistan?

China is infamous for making copies of any tech-based products; it has also been accused of copying car designs. After making replicas of McLaren 570GT, Volkswagen Passat, MINI Cooper, Land Rover Discovery Sport among others, China is now selling a mix of Mahindra Thar and Mahindra Bolero. The...

eurasiantimes.com

This Chinese Car Seems Like A Poor Copy Of The Tata Nexon

There are a lot of copied cars that are doing big in the Chinese market and the latest victim of it seems like the Tata Nexon.

www.google.com

Royal Enfield Himalayan copied in China: Images

Hanway, a Chinese automobile manufacturer eyed the design of the Royal Enfield Himalayan to launch the G30 in the domestic market. It does not a surprise that the G30 looks exactly the same as the Himalayan.

www.google.com

You truly believe that I trust those western and Indian media, don't you? lol, you punch sky high above your weight, Go and find someone your own size to compete, Bangladesh now overtook you in GDP per capita and you rank bottom low in world hunger index, you really should face the reality a bit and stop living just in your own dream.

 

[beijingwalker]

From economic miracle to IMF bailout in two months, what happened to Bangladesh?

In November, the International Monetary Fund approved loan assistance worth $4.5 billion to Bangladesh after its economy declined to levels that has now led people to protest against the country’s administration

www.firstpost.com

Pak Tanks: Forex Reserves Plunge Threatening Imports, Scarcity of Meds, Firms Halt Ops | Exclusive - News18

The ongoing dollar shortage in the country has now taken another life-threatening turn, as there is a scarcity of life-saving drugs and equipment in hospitals

www.news18.com

Dhaka may get Delhi's quota promise for rice, wheat

Bangladesh has sought quota assurance from India to import a fixed amount of onion, lentil, sugar, garlic and ginger along with 65 lakh tonnes of rice and wheat each year to stabilise the market price of daily commodities in the country. Ministry officials believe India will agree to the...

www.tbsnews.net

Finally you realised the right competitors for you and switched to look at your true rivals, a good step in the right direction.

 

[walterbibikow]

Finally you realised the right competitors for you and switched to look at your true rivals, a good step in the right direction.

Dholera is the home of Foxconn-Vedanta’s $20 billion semiconductor fabrication plant

https://twitter.com/x/status/1613766043293618176

Taiwan’s PSMC might partner with India to help set up semiconductor fabs

Having experience in setting up factories in joint ventures with mainland China, PSMC might assist Indian and large local companies such as Vedanta or Tata in setting up factories and training talent for fabs.

www.google.com

Dholera, Gujarat's futuristic greenfield city in making — from solar park to Make in India chip hub

A pet project of PM Modi, Dholera smart city has been shaping up at some speed. The first phase, spread over 22.5 sq km, is expected to be completed by 2025-26, officials say.

theprint.in

Apple Partners With Sunny Opotech for $300 Million Camera Module Factory in India - News18

Sunny Opotech will begin manufacturing exclusively for Apple in 2024, following initial product testing in China.

www.google.com

 

[925boy]

China‘s trade with Russia hit new high in 2022​

January 13, 202310:43 AM GMT+8

BEIJING, Jan 13 (Reuters) - China's exports and imports with Russia hit a new high of 1.28 trillion yuan in 2022, Lyu Daliang, spokesperson of the General Administration of Customs, told a news briefing in Beijing on Friday.

China's 2022 trade with Russia hit record $190 bln - customs

China's trade with Russia hit a record 1.28 trillion yuan ($190 billion) last year, the government said on Friday, even as Russia's imports from the European Union fell on sanctions related to Moscow's invasion of Ukraine.

www.reuters.com

Not going to lie, it sweetens my heart to See the China- Russia economic bromance. wow.

 

[beijingwalker]

China’s Overall Trade Surplus In 2022 Reaches All-Time High Of $878 Bn​

14TH JANUARY 2023

Bankinter| China’s December Trade Balance records a surplus of +$78B vs +$76.9B estimated and +$69.84B previous. Exports decelerate -9.9% vs -11.1% estimated and -8.7% previous. Imports also, but less: -7.5% vs -10% estimated and -10.6% previous.

Opinion: The trade surplus widens, which is good news, but it is due to lower imports (a symptom of weak domestic demand) and not to a rise in exports. In fact, exports are falling, in a context of slowing global demand. Lower exports and imports highlight the weakness of demand and do not, for the time being, reflect the relaxation of the anti-Covid policies implemented by the government at the end of 2022. For the year as a whole, China’s trade surplus amounted to $878 billion, a record high.

China's overall trade surplus in 2022 reaches all-time high of $878 Bn | The Corner

Bankinter| China's December Trade Balance records a surplus of +$78B vs +$76.9B estimated and +$69.84B previous. Exports decelerate -9.9% vs -11.1% estimated

thecorner.eu

 

[retaxis]

2023 with no lockdown china is going to hit 1trillion easy

 

[beijingwalker]

2023 with no lockdown china is going to hit 1trillion easy

1 trillion dollars yearly trade surplus.... how many countries have total GDP over 1 trillion dollars

 

[beijingwalker]

China's trade revenue with RCEP members jumps 7.9% YoY in Jan-Nov 2022​

20 Jan '23

The import-export revenue between China and members of the Regional Comprehensive Economic Partnership (RCEP) increased by 7.9 per cent year-on-year from January to November 2022—totalling to 11.8 trillion yuan (around $1.74 trillion). This revenue is about 30 per cent of the East Asian country’s total trade revenue, as per the General Administration of Customs (GAC).


Experts opine that the biggest advantage offered by the RCEP deal is preferential tax rates with zero tariff implemented on more than 90 per cent of goods traded by its members. The agreement has enabled the shifting of the economic and trade cooperation focus from China to the Association of Southeast Asian Nations (ASEAN) as well as strengthening China’s economic-trade partnership with the ASEAN, various experts were quoted as saying by local media reports.

Moreover, trade between China and ASEAN touched 5.9 trillion yuan (about $872.65 billion), which is an increase of 15.5 per cent YoY. The RCEP deal is anticipated to build development opportunities for rising economies in the region, particularly those in the ASEAN.

ASEAN along with Australia, New Zealand, China, Japan, and South Korea signed the RCEP in 2020. It is currently the biggest free trade agreement and covers 30 per cent of the world’s gross domestic product (GDP). While the deal came into effect last year, it aims to do away with around 90 per cent of the tariff lines in the next 20 years.

China's trade revenue with RCEP members jumps 7.9% YoY in Jan-Nov 2022

The import-export revenue between China and members of the Regional Comprehensive Economic Partnership (RCEP) increased by 7.9 per cent year-on-year from January to November...

www.fibre2fashion.com

 

[beijingwalker]

Will China continue to dominate global trade in 2023?​

This year will be better than last for China’s economy but that doesn’t mean exports will sustain their pandemic-era momentum
By ALICIA GARCIA HERREROJANUARY 21, 2023

Containers stacked high at a port in Qingdao in China's eastern Shandong province. Photo: AFP

China’s export performance is clearly important for the world, and certainly Europe. To start, global inflation not only depends on commodity prices but also on China’s export prices and its own cost dynamics.

Second, the European Union is the other major export machine, together with China, so developments in China’s export capacity and competitiveness are bound to affect the European economy.

China’s global export share had been on the rise for years until it first plateaued in 2015 and even came down with the US-led trade war against China. However, the trend changed radically after the first months of the Covid pandemic, as China suffered lockdowns in the first quarter of 2020 but reopened much faster than the rest of the world.

During 2020-21, until Omicron came to haunt China with renewed lockdowns, Chinese exports experienced annualized growth of 7%, and its export share in the world increased further to an astounding 15%.

At the same time, China’s increasingly central role in the global supply chain is another important point to take into account to understand China’s stellar export performance since the pandemic started. In fact, China’s even larger export share for intermediate goods points to the rising dependence of other countries’ supply chains on Chinese imports.

This is clearly also the case in the European Union. A very clear example is solar panels, where China already has more than 80% of the global export share, but also batteries for electric vehicles and even more so for their components and critical materials.

Will China continue to dominate global trade in 2023?

China’s export performance is clearly important for the world, and certainly Europe. To start, global inflation not only depends on commodity prices but also on China’s export prices and its own co…

asiatimes.com

 

[Viet]

China Posts Record Trade Surplus ，$873 billion，for 2022 Despite Slowing Demand​

Imports increased about 1.5% from a year earlier.

Bloomberg

January 13, 2023, 2:22 AM UTC
China’s annual trade surplus hit a record high in 2022 in yuan terms, as surging exports through the first half of the year offset a global drop-off in demand that worsened in the final quarter.

The surplus widened to 5.87 trillion yuan ($873 billion) last year, according to Bloomberg calculations based on data released by the General Administration of Customs on Friday. That easily surpassed the previous year’s record of 4.3 trillion yuan.

China’s Exports Slump Further as Global Demand Drops Off

China’s exports fell further in December as global demand continued to drop off, adding to pressure on the economy as it charts a hasty, uncertain path out of Covid Zero.

www.bloomberg.com

Chinese suck money from other like a vacuum cleaner. Crazy. That’s not fair.

 

[StraightEdge]

It would be interesting to see what touches $ 1trillion first ? China's trade surplus or US military spending.

 

[etylo]

Chinese suck money from other like a vacuum cleaner. Crazy. That’s not fair.

There is no such thing as fairness in the world, you Germans and Viets just have to work harder, not drinking beer and taking holidays all the time.

 

[Song Hong]

Since China is having so much trade surplus, GoC should implement export VAT. China’s budget deficit jumped to a record $1.3 CNY trillion last year, showing the strain put on local government finances.

Nevertheless this deficit is extremely safe if compared with GDP.

Covid Zero, Property Slump Drive China Into Record Deficit

China’s budget deficit jumped to a record $1.3 trillion last year, showing the strain put on local government finances by the spending needed to implement and offset the ultimately futile Covid Zero policy.

www.bloomberg.com

 

[Viet]

There is no such thing as fairness in the world, you Germans and Viets just have to work harder, not drinking beer and taking holidays all the time.

Hey one or two beer per day is good bro. Ok in Vietnam we drink too much from stuff I admit. Same here in some parts of Germany for instance Bavaria beer is considered as food. Chinese are much smarter than Russians. Economy matters, not war. You sometimes run amok threatening with war but luckily it’s not happening.

 

[Song Hong]

I always argued the good thing about being world production factory is -- the ability to tax the entire world by VAT. Similar to USD being world reserve currency, US is able to tax the whole world on minting tax.