2014 China GDP released by Chinese government

[Aepsilons]

China 2014 retail sales up 12%
Xinhua, January 20, 2015

China's retail sales rose 12 percent year on year in 2014, the National Bureau of Statistics said on Tuesday.

In December, retail sales grew 11.9 percent from a year earlier, quickening from 11.7 percent in November.


China's industrial output grows 8.3% in 2014
Xinhua, January 20, 2015

Industrial output in China grew 8.3 percent in 2014 from a year ago, down from the 9.7-percent growth seen in 2013, the National Bureau of Statistics (NBS) announced on Tuesday.

China uses industrial production (officially called industrial value added) to measure the activity of designated large enterprises, each with annual turnover of at least 20 million yuan (3.27 million U.S. dollars).

Wow!!!

You are warned not to win against our Gorilla friend here for your own sake

But thats why you're my pen pal...wai wu !

 

[FairAndUnbiased]

Korean display makers will face more difficulties in exporth

By: Cho Jin-young | businesskorea.co.kr | Posted: 20 Jan 2015, 14:00

The Hyundai Research Institute predicted on Jan. 18 that Korean exporters are likely to be increasingly challenged by Chinese companies in various industrial sectors.

At present, Chinese exporters are outperforming their Korean rivals in almost all major industries of Korea with the exception of automobiles; they are especially cut-throat in the IT sector. Besides, China has already outpaced Korea in shipbuilding, petrochemicals, steel, and machinery manufacturing.

In 2013, Korea accounted for 5.8 percent of the imported car market to lead China by a margin of 2.6 percentage points. However, Korea’s global market share was 6.4 percent, 0.5 percentage points lower than China’s, in the imported auto parts market during the same period.

In the IT sector, China is increasing its system-on-chip (SoC) market share while Korea has focused on the export of memory semiconductor products. In addition, China is outdoing Korea in the display panel segment by recording a market share of 28.5 percent, 13.2 percentage points higher than that of Korea.

Korea is currently the number one when it comes to marine vessel export but China won more orders both in 2012 and 2013. In petrochemical product export, Korea ranks eighth in the world whereas China is holding the second place. Both countries have increased their steel product export since the recent global financial crisis but China’s growth, unlike that of Korea, has been led by high value added products. China is continuing to grow in the machinery industry, too. It took up 11.4 percent of the global machinery market in 2013 to take the third spot while Korea remained at the ninth.

“Technological advancement and high added value-centered product development are required for Korea to cope with the rise of China,” the research institute advised, adding, “New manufacturing sectors for new materials and components and convergence-based future technologies will be the key along with export market diversification.”

No offense to Koreans, but it isn't looking good for their economy.

1. Their sectors of strength - memory, smartphones, displays - are either losing strength very quickly or losing profit very quickly such that the strength doesn't matter.

2. The sectors they were average in - steel, petrochemicals, shipbuilding - are getting weaker and less competitive.

3. The sectors they were already weak in - software, machinery, biomedical - are not getting any stronger and are moving towards irrelevance.

4. Their labor intensive and service sectors - textiles, music, movies - are strong, but they employ either very few people or employ many ppl but at very low wages.

5. The only sector thats doing well in wages, employment and growth is automobiles, but even after 10 years, they have been unable to move from the bottom of the pool and challenge Japanese cars for the mid-range price slot.

Koreans have never managed to get the core technology of US and Japan, who supply them with their process equipment. Instead they have been making their finished products better. But once the processes upgrade, or revolutionary new technology is deployed, Koreans are unable to capitalize because they're working far from the cutting edge. Chinese have never gotten the core technology either, but Chinese have been trying very hard for 30 years to develop it independently, and now its starting to pay off.

 

[Aepsilons]

No offense to Koreans, but it isn't looking good for their economy.

1. Their sectors of strength - memory, smartphones, displays - are either losing strength very quickly or losing profit very quickly such that the strength doesn't matter.

2. The sectors they were average in - steel, petrochemicals, shipbuilding - are getting weaker and less competitive.

3. The sectors they were already weak in - software, machinery, biomedical - are not getting any stronger and are moving towards irrelevance.

4. Their labor intensive and service sectors - textiles, music, movies - are strong, but they employ either very few people or employ many ppl but at very low wages.

5. The only sector thats doing well in wages, employment and growth is automobiles, but even after 10 years, they have been unable to move from the bottom of the pool and challenge Japanese cars for the mid-range price slot.

Koreans have never managed to get the core technology of US and Japan, who supply them with their process equipment. Instead they have been making their finished products better. But once the processes upgrade, or revolutionary new technology is deployed, Koreans are unable to capitalize because they're working far from the cutting edge. Chinese have never gotten the core technology either, but Chinese have been trying very hard for 30 years to develop it independently, and now its starting to pay off.

The Japanese firms saw the rising potential of China early on, and prepared for this by focusing on integrative partnerships. For example:

Chinese Smartphones Lift Japan’s Electronics Business - WSJ


Xiaomi owes smartphone success to Qualcomm, Japanese technology- Nikkei Asian Review


Nissan Forms Infiniti China Venture With Dongfeng - Bloomberg


Mitsubishi Motors plans to start new China venture by September


Press Release | News･Events | MITSUBISHI MOTORS


Joint Ventures + Global Strategic Alliances | Japan | Morrison Foerster

Opposites Attract: Does the Lenovo-NEC Japanese Joint Venture Make Sense? - Knowledge@Wharton

 

[terranMarine]

Japan is quite smart indeed, right now Samsung is feeling the Dragon's breath coming from Xiaomi/Huawei phone makers. It's good to see how China is way ahead of Koreans in certain industries.

@Nihonjin1051 You can always trample some South Koreans in Age of Empire and scream Tenno Banzai

 

[damiendehorn]

India's 2014 gdp projection is at 2.048 trillion USD. Where is this 4 trillion USD coming from?

LOL...I think he's an indian accountant, very good with manipulating figures, or he just pulled it from his rear. Oh you got to admire his delusion, india is going to be a $10bn economy in 6 years....modi magic....why not indians had flying ships that could travel between planets thousands of years ago.

 

[terranMarine]

LOL...I think he's an indian accountant, very good with manipulating figures, or he just pulled it from his rear. Oh you got to admire his delusion, india is going to be a $10bn economy in 6 years....modi magic....why not indians had flying ships that could travel between planets thousands of years ago.

You should have seen DRAY's ambitious goal for India, in 30 years time from now it would have surpassed China economically.

 

[definitelynotIndian]

Good for China I am so jealous cant hide it

 

[damiendehorn]

You should have seen DRAY's ambitious goal for India, in 30 years time from now it would have surpassed China economically.

Yeah, indian logic...make a 30 year prediction, so that you cant be laughed at ...most people will have gone to the after life by then. At least this one is making a 6 year prediction, even if he doesnt know the difference between PPP and nominal.

To be fair I think it was a guy called by78 who posted that...

 

[Edison Chen]

2014 GDP per capital $7,600

It will reach 10k mark in 2019.

 

[terranMarine]

Yeah, indian logic...make a 30 year prediction, so that you cant be laughed at ...most people will have gone to the after life by then. At least this one is making a 6 year prediction, even if he doesnt know the difference between PPP and nominal.

Which is why look no further, just keep focusing on the next 3 years and see how both India and China perform. If India isn't closing the gap by then how is it gonna surpass China with the next 27 years

 

[Aepsilons]

Japan is quite smart indeed, right now Samsung is feeling the Dragon's breath coming from Xiaomi/Huawei phone makers. It's good to see how China is way ahead of Koreans in certain industries.

@Nihonjin1051 You can always trample some South Koreans in Age of Empire and scream Tenno Banzai

Ha ha ha ha. Maybe i should play you next...

 

[terranMarine]

Ha ha ha ha. Maybe i should play you next...

but first my Gorilla friend , remember not to win if you want to play me next

 

[Aepsilons]

but first my Gorilla friend , remember not to win if you want to play me next

I'll be prepared for you both in my Hadaka Matsuri attire.... ....

 

[terranMarine]

I'll be prepared for you both in my Hadaka Matsuri attire.... ....

Trust me you don't want our Gorilla friend knock on your door

 

[Aepsilons]

Trust me you don't want our Gorilla friend knock on your door