HSBC: China Will Continue to Drive Global Demand

[AndrewJin]

we're importing materials to China this year too

Indonesia struggles to stay competitive in Chinese market - Channel NewsAsia

Southeast Asia's biggest economy is hopeful that bilateral trade with China will hit US$80 billion this year, a target originally set in 2013.

• By Valarie Tan, Channel NewsAsia's China Correspondent
• POSTED: 22 Sep 2015 23:39

(apparently there is a video regarding this news. but i can't link it here. please look it up in the site's link)

NANNING, China: China’s economy may be weakening, but Indonesia sees potential in its massive consumer market.

At China’s second largest tradeshow in Nanning, Indonesia is doing all it can to promote its goods to Chinese customers in a bid to improve exports and support its waning economy.

It is China's growing appetite for consumer goods that Indonesia is banking on to drive demand for its manufacturers. Teak furniture maker Broxo Indonesia has been exhibiting at the China-ASEAN Expo since 2013.

Since then, it says sales to China have been growing 30 per cent each year, thanks to rising demand from Chinese consumers.

"Their purchasing parity is still stable," said Jajag SP, owner of Broxo Indonesia. "Actually I export mostly to Europe also to America, (so) this is a new market for me."

Yet for Indonesia jeweller Artha Simamora, director of Basana Tritama, orders are on the decline from the Chinese customers who make up half of her business.

When asked if she had smaller margins, she replied that she did for the sake of having “good relations”, and added that “for now it may be like this (lower price), but next time it may be better.”

With China being Indonesia’s largest export market, a fall in Chinese demand will mean the Indonesian economy has to suffer. Indonesian commodities exports have been badly hit by China’s slowdown. Prices of rubber and coal, the two main exports to China have fallen by more than half, stifling overall growth.

But Southeast Asia’s biggest economy is still hopeful that bilateral trade with China will hit US$80 billion this year, a target set in 2013.

“Before, we exported a lot of the technical specified rubber, natural rubber,” said Nus Nuzulia Ishak, Director-General, National Export Development. "Now China is asking for not the raw materials, but the compound, meaning rubber fused chemical. So we need time to make.”

But time may not be on the side of Indonesia’s struggling economy, and it may need to move fast to exploit new opportunities in China.

ASEAN is China's top3 trade partner. The demand of the whole world is on the decline, but we can always find a way out. The interior of China and less developed regions of Indonesia are full of opportunities.

 

[rcrmj]

@Bussard Ramjet @Echo_419
Pls confirm the sources. Better to have a link of governmental websites.
Free Digital Marketing Article | eMarketer

India in 2014
total retail sales 717 billion U.S. dollars
E-commerce sales 5.3 billion U.S. dollars

(the number is estimated or predicted)
View attachment 259256

China in 2014
China's retail sales rose 12 percent year on year in 2014 to 26.24 trillion yuan (4.28 trillion U.S. dollars), the National Bureau of Statistics said on Tuesday. Online sales showed robust growth, soaring 49.7 percent year on year in 2014 to 2.79 trillion yuan (430 billion U.S. dollars)

lol these figures shows clearly that the Indian's delusion is way beyond idiocy
'IT superpower'
'biggest middle class'
'consumption driven'
blablabla````but in reality all the facts depict India as a classic factor-driven primitive society, not so different from Ethiopia or Congo``

E-commerce and middle-class consumption is the key indicator of a country and a society's level of advancement in terms of technology and economy, and India is like 1/76th and 1/6 of China's respectively in 2014``and yet we are still a developing country, and somehow they'll be a 'superpower' in 2025 or 2030 or 2050 or whatever years``

 

[AndrewJin]

lol these figures shows clearly that the Indian's delusion is way beyond idiocy
'IT superpower'
'biggest middle class'
'consumption driven'
blablabla````but in reality all the facts depict India as a classic factor-driven primitive society, not so different from Ethiopia or Congo``

E-commerce and middle-class consumption is the key indicator of a country and a society's level of advancement in terms of technology and economy, and India is like 1/76th and 1/6 of China's respectively in 2014``and yet we are still a developing country, and somehow they'll be a 'superpower' in 2025 or 2030 or 2050 or whatever years``

Imagine there is a county where no industry or investment exists, the u can say the local economy is mostly consumption-driven.

 

[AndrewJin]

To call India a democracy in true sense is an insult to the practice of democracy since the Ancient Greece.

Therefore, yes, it is anything but democracy.

I don't know a single Asian developing country which is a successful democracy before and during industrialisation.

Back to main topic.
@Shotgunner51 @TaiShang
2015-2016 outlook for the retail and consumer products sector in Asia: a PWC report

To summarise the first 6 months, China's retail sales grew 10.4 percent year on year to 14.16 trillion yuan ($2.32 trillion) in the first half of 2015. Online retail ales continued to be a bright spot, surging 39.1 percent year on year to 1.65 trillion yuan($265.33 billion).

The last six months are always China's top retail sales seasons. Let's see, the performance of Mid-autumn/National Day, 11-11 Single's Day, etc.

Online retail sales in China grows 39% in the first half of 2015