Pubblicato in: Cina

Cina. 2021H1. Pil +12.7% sul 2020H1.

Giuseppe Sandro Mela.

2021-08-01.

2021-08-01 __ Cina 001

Il National Bureau of Statistics of China ha rilasciato  il Report Preliminary Accounting Results of GDP for the Second Quarter and the First Half Year of 2021.

«                       Basic Concepts.

Gross Domestic Product (GDP) refers to the final products at market prices produced by all resident units in a country during a certain period of time. GDP is the core indicator of the national accounts, and also an important indicator to measure the economic conditions and the level of development of a country.

In the practice of national accounting, gross domestic product is calculated using three approaches, namely production approach, income approach and expenditure approach, which reflect gross domestic product and its composition from different angles. The production approach refers to remove the value of intermediate goods and services from the value of goods and services created in the production process, and to get the value-added. The accounting formula as follows: value-added = total output – intermediate inputs. The GDP by production approach is the sum of value-added by production approach of various industries of national economy. The income approach refers to accounting the production activities from the point of generating income during the production process. Under this accounting method, the sum of the value-added obtained from four parts: workers compensation, net taxes on production, depreciation of fixed assets and operating surplus. The accounting formula as follows: value-added = workers compensation + net taxes on production + depreciation of fixed assets + operating surplus. The GDP by income approach equals to the sum of value-added by income approach of various industries of national economy. GDP by expenditure approach refers to the method of measuring GDP from the perspective of the final uses of production activities. The final uses include final consumption expenditure, gross capital formation and net export of goods and services.

National Bureau of Statistics released quarterly GDP used the production method which based on the result of basic accounting.

                         Production Coverage.

Production range of GDP accounting includes the following four parts: first, the production of goods and services provided to or ready to provide to other units by the producers; second, self-sufficient production of goods for own final consumption or capital formation by the producers; third, self-sufficient production of knowledge carrier products for own final consumption or capital formation by the producers, excluding similar activities undertaken by the household sector; housing services; fourth, housing services provided by owner-occupied housing, as well as self-sufficient production of household and personal services provided by paid family service personnel. Production range does not include unpaid household and personal services, nor no units controlled natural activities (such as wild, non-cultivated forest, berries or wild berries natural growth, the natural growth of the number of fish in the public sea), etc.

                         Related Laws and Regulations.

GDP accounting was strictly complying with the provisions of the Statistics Law of the People’s Republic of China. At present, China’s GDP was measured in accordance with the requirements of the China’s System of National Accounts (CSNA) (2016), which has adopted the basic accounting principles, contents and methods of the United Nation’s System of National Accounts (SNA) 2008.»

Pubblicato in: Cina, Diplomazia, Stati Uniti

Cina. Un j’accuse ferocemente e brutalmente rude, e vero, contro gli Stati Uniti.

Giuseppe Sandro Mela.

2021-07-27.

Leonardo. Uomo Irato. 001

«China would not accept the United States taking a “superior” position in the relationship»

Biden attacca nuovamente la Cina e questa replica al vetriolo.

Cina. Giugno21. Import +36.7%, Export +32.2%, anno su anno.

BlackRock. Gli assets hanno passato i 9.5 trilioni di dollari. Da quando è in Cina.

Cina. Xiaomi sorpassa Apple ed è seconda nel mercato mondiale degli smartphone.

Cina. 2021Q2. Pil +7.9% anno su anno, +12.7% negli ultimi 12 mesi.

Cina. Criticata ferocemente perché usa sui social le tecniche imparate da Facebook e Google.

China’s Wechat deletes university LGBT accounts

Cina. Il 60% delle imprese europee fugge da casa e sta investendo lì. – Bloomberg.

Cina. 2020. Investimenti esteri +81% YoY. Superano quelli negli Usa.

Cina. Si avvia alla maggioranza nelle Nazioni Unite.

* * * * * * *


«The China-U.S. relationship is in a stalemate, fundamentally because some Americans portray China as an “imagined enemy,” said Chinese Vice Foreign Minister Xie Feng, urging the United States to change its highly misguided mindset and dangerous policy»

«Xie made the remarks on Monday during talks with U.S. Deputy Secretary of State Wendy Sherman, who is on a visit to north China’s port city of Tianjin from July 25 to 26»

«For quite some time, when talking about conflict with China and challenges facing the United States, the “Pearl Harbor moment” and the “Sputnik moment” have been brought up by some Americans»

«It seems as if by making China an “imagined enemy,” a national sense of purpose would be reignited in the United States»

«→→ The hope may be that by demonizing China, the United States could somehow shift domestic public discontent over political, economic and social issues and blame China for its own structural problems ←←»

«It seems that a whole-of-government and whole-of-society campaign is being waged to bring China down. It is as if when China’s development is contained, all U.S. domestic and external challenges would go away, and America would become great again and Pax Americana would continue to go on»

«The U.S. policy seems to be demanding cooperation when it wants something from China; decoupling, cutting off supplies, blockading or sanctioning China when it believes it has an advantage; and resorting to conflict and confrontation at all costs»

«Do bad things and get good results. How is that even possible?»

«China wants to work with the United States to seek common ground while shelving the differences»

«→→ The U.S. side needs to change course and work with China on the basis of mutual respect and embrace fair competition and peaceful coexistence with China ←←»

«The U.S. side’s so-called “rules-based international order” is designed to benefit itself at others’ expense, hold other countries back and introduce the law of the jungle»

«→→ This is an effort by the United States and a few other Western countries to frame their own rules as international rules and impose them on other countries ←←»

«The United States is the “inventor and patent and intellectual property owner” of coercive diplomacy»

«The Chinese believe that one must not do to others what one does not like to be done to himself»

«It is the United States who has engaged in broad unilateral sanctions, long-arm jurisdiction and interference in other countries’ internal affairs»

* * * * * * *

Per tradizione ultra millenaria la diplomazia cinese è oltremodo cauta e misurata negli enunciati.

Mr Xie Feng, Vice Foreign Minister, ha invece parlato usando parole inusitatamente dure nei confronti della Harris-Biden Administration. Per dirla in modo conviviale, ha vuotato il sacco, mettendo gli americani spalle al muro.

Più che una nota diplomatica, le parole di Mr Xie Feng suonerebbero come un ultimatum, che potrebbe anche precedere delle severe contromisure cinesi.

* * * * * * *


China urges U.S. to change misguided mindset

TIANJIN, July 26 (Xinhua) — The China-U.S. relationship is in a stalemate, fundamentally because some Americans portray China as an “imagined enemy,” said Chinese Vice Foreign Minister Xie Feng, urging the United States to change its highly misguided mindset and dangerous policy.

Xie made the remarks on Monday during talks with U.S. Deputy Secretary of State Wendy Sherman, who is on a visit to north China’s port city of Tianjin from July 25 to 26.

For quite some time, when talking about conflict with China and challenges facing the United States, the “Pearl Harbor moment” and the “Sputnik moment” have been brought up by some Americans, Xie said.

Some international scholars, including some U.S. academics, perceive this as comparing China to Japan in the Second World War and the Soviet Union in the Cold War. It seems as if by making China an “imagined enemy,” a national sense of purpose would be reignited in the United States. The hope may be that by demonizing China, the United States could somehow shift domestic public discontent over political, economic and social issues and blame China for its own structural problems, he said.

It seems that a whole-of-government and whole-of-society campaign is being waged to bring China down. It is as if when China’s development is contained, all U.S. domestic and external challenges would go away, and America would become great again and Pax Americana would continue to go on, Xie said.

                         BILATERAL TIES.

In terms of the United States’ “competitive, collaborative and adversarial” rhetoric, Xie said this is a thinly veiled attempt to contain and suppress China.

The Chinese people feel that the real emphasis is on the adversarial aspect, the collaborative aspect is just expediency, and the competitive aspect is a narrative trap, he said.

The U.S. policy seems to be demanding cooperation when it wants something from China; decoupling, cutting off supplies, blockading or sanctioning China when it believes it has an advantage; and resorting to conflict and confrontation at all costs, he added.

“It seems that the United States only thinks about addressing its own concerns, getting the results it wants and advancing its own interests. Do bad things and get good results. How is that even possible?” Xie said.

What the world needs most is solidarity and cooperation, for humanity are passengers in the same boat, according to Xie.

“The Chinese people cherish peace,” said Xie, adding that what China hopes to build is a new type of international relations featuring mutual respect, equality, justice and win-win cooperation, and a community with a shared future for mankind.

“China wants to work with the United States to seek common ground while shelving the differences,” he said.

The U.S. side needs to change course and work with China on the basis of mutual respect and embrace fair competition and peaceful coexistence with China.

“After all, a healthy and stable China-U.S. relationship serves the interests of both sides. And the world expects nothing less from the two sides,” he added.

The U.S. side’s so-called “rules-based international order” is designed to benefit itself at others’ expense, hold other countries back and introduce “the law of the jungle,” Xie said.

This is an effort by the United States and a few other Western countries to frame their own rules as international rules and impose them on other countries.

The United States has abandoned the universally-recognized international law and order and damaged the international system it has helped to build, he said. “It is trying to replace it with a so-called ‘rules-based international order.'”

“The purpose is to resort to the tactic of changing the rules to make life easy for itself and hard for others, and to introduce ‘the law of the jungle’ where might is right and the big bully the small,” Xie added.

COERCIVE DIPLOMACY.

The United States is the “inventor and patent and intellectual property owner” of coercive diplomacy, Xie said.

The Chinese believe that one must not do to others what one does not like to be done to himself. The desire to seek hegemony or territorial expansion is simply not in the Chinese DNA, according to Xie.

“China has never coerced any country,” he said, adding that China responds to foreign interference with legitimate and lawful countermeasures, and the aim is to defend the legitimate rights and interests of the country and uphold international equity and justice.

China has never gone to others’ doorsteps to provoke trouble. Neither has China ever stretched its arm into the households of others, still less has China ever occupied any inch of other countries’ territory, he said.

“It is the United States who has engaged in broad unilateral sanctions, long-arm jurisdiction and interference in other countries’ internal affairs,” he said.

The U.S. notion of “engaging other countries from a position of strength” is just another version of the big bullying the small and “might is right.” This is pure coercive diplomacy, he added. Enditem

Pubblicato in: Cina, Stati Uniti

Biden attacca nuovamente la Cina e questa replica al vetriolo.

Giuseppe Sandro Mela.

2021-07-26.

Cina 017

Biden ha irritato la Cina, e Pechino sta reagendo.

La Cina è il maggior produttore di terre rare, ma mica è detto che continui a vederle a chi la insulta.

«Accusations of hacking and other moves by the Biden administration have surprised and angered China’s leaders, who are pushing back with punitive actions and vitriol of their own»

«From China’s perspective, the blows from the United States just keep coming. Sanctions and export controls over the crackdown in Xinjiang. A warning to international businesses about the deteriorating climate in Hong Kong. The rejection of visas for students and researchers suspected of having links to the People’s Liberation Army»

«The torrent of attacks has infuriated Beijing»

«Now the United States has rallied a broad array of nations to accuse the Chinese Ministry of State Security not only of cyberespionage but also of hacking for profit and political intrigue»

«In Beijing’s view, Mr. Biden has taken a more strategic approach than his predecessor, enlisting allies to join his campaign against Chinese behavior in ways that appear to have frustrated officials»

«The United States has declared its comeback, but the world has changed, .,.. The United States needs to see these changes, adapt to them, and reflect upon and correct its mistakes in the past»

«→→ patience with the Biden administration has worn thin ←←»

«China has retaliated against American and European sanctions over China’s political repression in Hong Kong and Xinjiang with sanctions of its own.»

«Tensions have been mounting since the top diplomats from the two sides met in Alaska in March. Those meetings opened with an extraordinarily rancorous exchange about the issues that divide them»

«Zhao Lijian, a spokesman for the Chinese Ministry of Foreign Affairs, dismissed the newest American-led accusations as “made up out of thin air.” He said the United States was the world leader in cyberattacks»

«The view is that Mr. Biden’s moves reflect an American intention to undercut China’s growing economic and military might.»

«Mr. Zhao, the foreign affairs ministry spokesman, recently called the 1921 Tulsa race massacre an example of “genocide” by the United States»

«A recent poll by the Pew Research Service, for example, found that overwhelming majorities of people in 15 major countries had a negative perception of China.»

«The East is rising, while the West is declining»

* * * * * * *

Il Tramonto dell’Occidente di Oswald Spengler fu profetico.

Sempre meno capace di competere economicamente con la Cina, l’enclave liberal occidentale sta conducendo un assalto accusando i cinesi di violare quegli human rights che così tanto stanno a cuore ai liberal, purché si accetti il modo in cui li definiscono, ovviamente.

Questo comportamento è facilmente comprensibile da parte dell’elettorato americano, ma ben poco fruttifero di risultati pratici nel confronto con la Cina. Intanto,

Cina. Giugno21. Import +36.7%, Export +32.2%, anno su anno.

Né ci si dimentichi come, dopo un lungo tempo di pazienza, i cinesi siano alla fine stanchi di sopportare ulteriormente.

*


Biden Has Angered China, and Beijing Is Pushing Back

Accusations of hacking and other moves by the Biden administration have surprised and angered China’s leaders, who are pushing back with punitive actions and vitriol of their own.

From China’s perspective, the blows from the United States just keep coming. Sanctions and export controls over the crackdown in Xinjiang. A warning to international businesses about the deteriorating climate in Hong Kong. The rejection of visas for students and researchers suspected of having links to the People’s Liberation Army.

Now the United States has rallied a broad array of nations to accuse the Chinese Ministry of State Security not only of cyberespionage but also of hacking for profit and political intrigue.

The torrent of attacks has infuriated Beijing, but six months into the tenure of President Biden, the Communist Party leadership has yet to find an effective strategy to counter the American moves.

In Beijing’s view, Mr. Biden has taken a more strategic approach than his predecessor, enlisting allies to join his campaign against Chinese behavior in ways that appear to have frustrated officials. China has resorted to its usual instinct for tit-for-tat measures, while lashing out with a heavy dose of vitriol and sarcasm.

Although both sides have said that they want to avoid a new Cold War, they are plunging into an increasingly ideological conflict that shows little sign of easing. The result has been a deterioration of relations that, to the surprise of many in Beijing, has surpassed even the four tumultuous years of dealing with President Donald J. Trump.

“The United States has declared its comeback, but the world has changed,” Le Yucheng, a vice minister of foreign affairs, said in a recent interview with the nationalistic news site Guancha.cn, echoing a Biden administration catchphrase. “The United States needs to see these changes, adapt to them, and reflect upon and correct its mistakes in the past.”

It is not clear whether the Chinese leader, Xi Jinping, has formally signaled a change in foreign policy strategy, but judging from public statements and actions in recent weeks, patience with the Biden administration has worn thin.

China has retaliated against American and European sanctions over China’s political repression in Hong Kong and Xinjiang with sanctions of its own. It has reined in the public offerings of Chinese companies on American stock exchanges. And it has stepped up military activity in the South China Sea and in the water and air around Taiwan in response to a more visceral American policy of support for the island democracy under Mr. Biden.

The quickening tempo of military operations increases the chances of armed confrontation — even if accidental. The incendiary language emanating from some officials and state media in China would make climbing down even more difficult, given a nationalistic mood at home.

Mr. Xi used a speech on July 1 celebrating the 100th anniversary of the founding of the Communist Party of China to warn that anyone who challenged the country’s sovereignty would “crack their heads and spill blood on the Great Wall of steel built from the flesh and blood of 1.4 billion Chinese people.”

Shi Yinhong, a professor of international relations at Renmin University in Beijing, said, “The Chinese government realizes very clearly up until now the pressure and unprecedented challenges that China faces in the world.”

“The problem is they know that to change this means that China has to change its fundamental policy, which is firmly deemed by the Chinese leaders as not possible, or at least not worth it,” he added.

Tensions have been mounting since the top diplomats from the two sides met in Alaska in March. Those meetings opened with an extraordinarily rancorous exchange about the issues that divide them.

Mr. Biden’s special envoy on climate change, John Kerry, followed up with a visit to Shanghai in April, but a joint statement pledging to reduce emissions included no new efforts to work together. Since then, cooperation on any issue has been scarce. Instead, there has been an almost daily exchange of recriminations.

The animosity has become so intense that even a visit by the new deputy secretary of state, Wendy R. Sherman, has become a diplomatic dispute, with officials on both sides wrestling over who would attend any meetings, tentatively scheduled for next week.

Mr. Biden, who has already met with another obstreperous American adversary, President Vladimir V. Putin of Russia, has not yet announced a face-to-face with Mr. Xi.

Mr. Biden and Mr. Xi, who met many times as their countries’ vice presidents, have not spoken since their two-hour-plus telephone call in February during the American president’s first month in office.

Zhao Lijian, a spokesman for the Chinese Ministry of Foreign Affairs, dismissed the newest American-led accusations as “made up out of thin air.” He said the United States was the world leader in cyberattacks.

Wu Qiang, an independent political analyst in Beijing, said mutual suspicion was blocking a return to more stable relations. “There is a lack of political trust,” he said. “This is the biggest obstacle.”

In Beijing, there is no question who is to blame. The view is that Mr. Biden’s moves reflect an American intention to undercut China’s growing economic and military might. The strategy to recruit allies in the effort seems to have particularly rankled.

“Biden’s administration is isolating China with a multilateral club strategy,” Yan Xuetong, dean of the Institute of International Relations at Tsinghua University in Beijing, wrote in a response to questions. “This strategy has brought about much more difficulties to China’s economic development and pressure on China’s diplomatic relations than Trump’s unilateral strategy.”

China has treated the deterioration of relations, in part, as a propaganda problem. In public statements and on social media, it has sought to discredit the United States as an arbiter of international behavior and values.

When a condominium collapsed in Surfside, Fla., Chinese state media castigated what it called a “sluggish” response, glossing over similar tragedies at home. Mr. Zhao, the foreign affairs ministry spokesman, recently called the 1921 Tulsa race massacre an example of “genocide” by the United States.

While Mr. Zhao’s “wolf warrior” persona plays well among nationalists, others in China have raised concerns about such an aggressive strategy.

At a seminar in Beijing last week organized by the Center for China and Globalization, a research group based in the Chinese capital, some scholars were stark about the country’s global image. A recent poll by the Pew Research Service, for example, found that overwhelming majorities of people in 15 major countries had a negative perception of China.

Chu Yin, a professor at the University of International Relations in Beijing, called on China’s diplomats to be more flexible and creative in telling the country’s story abroad.

“I often say that our diplomatic personnel have made great strides in their foreign language skills, but their ability to tell stories and find emotional resonance has been regressing in great strides,” Mr. Chu said at the seminar. “Now, China’s national image is not going over well, and this is directly related.”

But China’s hard-line approach seems unlikely to change soon. Within the Chinese political and diplomatic establishment, there is an understanding that this tough approach comes from the top.

Mr. Xi seems undaunted. Even before Mr. Biden won the election, Mr. Xi was reported to have reprised a theme that has since appeared much more frequently in public discussions. “The East is rising, while the West is declining,” he was said to have told a party meeting last year.

Deng Yuwen, a former editor of a Communist Party newspaper who now lives in the United States, said many in China believed the coming five years would be the most tense period in relations so far.

“China’s view now is that ‘We are so strong that it’s no problem for us to confront you. We can confront you for as long as is necessary,’” he said.

Pubblicato in: Cina, Economia e Produzione Industriale

Cina. Xiaomi sorpassa Apple ed è seconda nel mercato mondiale degli smartphone.

Giuseppe Sandro Mela.

2021-07-20.

Cina 017

«smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple»

«Xiaomi had a 17% share of global smartphone shipments, ahead of Apple’s 14% and behind Samsung’s 19%.»

«Xiaomi is growing its overseas business rapidly»

«shipments increased 300% year-on-year in Latin America and 50% in Western Europe»

«Xiaomi phones are still skewed toward the mass market with the average selling price of its handsets 75% cheaper than Apple’s.»

«Earlier this year it launched the Mi 11 Ultra, a premium smartphone that starts at 5,999 yuan ($928)»

«It also launched the 9,999 yuan Mi Mix Fold, its first foldable phone»

«That price range pits Xiaomi against Apple and Samsung in the premium segment»

«All vendors are fighting hard to secure component supply amid global shortages»

* * * * * * *

Come si constata, la produzione industriale cinese continua ad affermarsi nel mondo, che la reclama a gran voce.

Si noti come la tecnologia della Xiaomi sia totalmente cinese.

*


China’s Xiaomi overtakes Apple in the global smartphone market

– Chinese smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple, a new report from analyst firm Canalys showed.

– Xiaomi had a 17% share of global smartphone shipments, ahead of Apple’s 14% and behind Samsung’s 19%.

– Xiaomi has expanded rapidly in international markets and is now trying to push into the premium segment with smartphones such as the Mi 11 Ultra.

*

Guangzhou, China — Chinese smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple, a new report from analyst firm Canalys showed.

Xiaomi had a 17% share of global smartphone shipments, ahead of Apple’s 14% and behind Samsung’s 19%.

“Xiaomi is growing its overseas business rapidly,” Canalys Research Manager Ben Stanton said in a press release, noting shipments increased 300% year-on-year in Latin America and 50% in Western Europe.

The Chinese smartphone maker posted year-on-year smartphone shipment growth of 83% versus 15% for Samsung and 1% for Apple.

Stanton noted, however, that Xiaomi phones are still skewed toward the mass market with the average selling price of its handsets 75% cheaper than Apple’s.

But the Beijing-headquartered company is now looking to push into the high-end market. Earlier this year it launched the Mi 11 Ultra, a premium smartphone that starts at 5,999 yuan ($928). It also launched the 9,999 yuan Mi Mix Fold, its first foldable phone.

That price range pits Xiaomi against Apple and Samsung in the premium segment. But its domestic rivals Oppo and Vivo are also trying to break through into the high-end market.

“It will be a tough battle, with Oppo and Vivo sharing the same objective, and both willing to spend big on above-the-line marketing to build their brands in a way that Xiaomi is not,” Stanton said.

“All vendors are fighting hard to secure component supply amid global shortages, but Xiaomi already has its sights set on the next prize: displacing Samsung to become the world’s largest vendor.”

Xiaomi has benefitted from Huawei’s struggles. Huawei was once the largest smartphone player in the world, but U.S. sanctions cut the Chinese company off from critical supplies including software and chips, causing its sales to plunge.

While smartphones still account for the majority of Xiaomi’s revenue, it is looking to get into new business areas. In March, the technology firm announced plans to launch an electric vehicle business and invest $10 billion over the next 10 years.

Pubblicato in: Cina, Commercio, Economia e Produzione Industriale

Cina. Giugno21. Import +36.7%, Export +32.2%, anno su anno.

Giuseppe Sandro Mela.

2021-07-19.

2021-07-14__ China Import Export 001

«China’s exports grew much faster than expected in June»

«Overall imports also beat expectations, though the pace of gains eased from May, with the values boosted by high raw material prices»

«the world’s biggest exporter has managed a solid economic revival from the coronavirus-induced slump in the first few months of 2020»

«Exports in dollar terms rose 32.2% in June from a year earlier, compared with 27.9% growth in May»

«The analysts polled by Reuters had forecasted a 23.1% increase»

«Exports surprised on the upside in June, shrugging off the impact of the temporary Shenzhen port closure and other supply chain bottlenecks»

«China’s strong shipment numbers last month underlined some solid factory surveys overseas»

«The data also showed imports increased 36.7% year-on-year last month, beating a 30.0% forecast»

«China’s crude oil imports in the first half fell 3% in their first contraction for the period since 2013»

«China’s yuan also rose to a near one-week high against the dollar as the data tempered worries over softening GDP growth»

«China posted a trade surplus of $51.53 billion for last month, compared with the poll’s forecast for a $44.2 billion surplus and the $45.54 billion surplus in May»

«However, exporters are grappling with higher raw material and freight costs and logistics bottlenecks»

«Prices for commodities such as coal, steel, iron ore and copper have surged this year»

«China’s trade surplus with the United States swelled to $32.58 billion in June»

* * * * * * *

Alcune considerazioni sgorgano spontanee.

– La Cina ha superato più che bene la crisi dello scorso anno.

– Più che di ripresa, si dovrebbe parlare di ritorno alla crescita.

– Ancora una volta le previsioni degli economisti e degli analisti si sono rivelate essere errate per significativa sottostima.

– Con i 32.58 miliardi Usd di surplus, i rapporti commerciali con gli Stati Uniti stanno continuamente perdendo importanza.

*


National Bureau of Statistics of China. National Economy in the First Half Year Witnessed the Steady and Sound Growth Momentum Consolidated.

«Imports and Exports of Goods Grew Fast and Trade Structure Continued to Improve.

 In the first half year, the total value of imports and exports of goods was 18,065.1 billion yuan, an increase of 27.1 percent year on year. The total value of exports was 9,849.3 billion yuan, up by 28.1 percent year on year. The total value of imports was 8,215.7 billion yuan, up by 25.9 percent year on year. The trade balance was 1,633.6 billion yuan in surplus. The trade structure continued to improve. In the first half year, the exports of mechanical and electrical products accounted for 59.2 percent of the total value of exports, up by 0.6 percentage points over the same period last year. The imports and exports of general trade accounted for 61.9 percent of the total value of imports and exports, up by 1.7 percentage points over the same period last year. The imports and exports by private enterprises accounted for 47.8 percent of the total value of imports and exports, up by 2.8 percentage points over the same period last year. In June, the total value of imports and exports was 3,291.6 billion yuan, an increase of 22.0 percent year on year. The total value of exports was 1,812.2 billion yuan, up by 20.2 percent year on year. The total value of imports was 1,479.4 billion yuan, up by 24.2 percent year on year.»


China’s export growth quickens as global vaccinations, easing lockdowns lift demand

–    Easing global lockdowns help spur demand for Chinese goods

–    Imports growth remains robust on high raw materials prices

–    Analysts say China’s exports growth may slow during 2H

–    June exports +32.2% yr/yr vs +23.1% forecast in Reuters poll

–    June imports +36.7% yr/yr vs +30.0% forecast

* * *

Beijing, July 13 (Reuters) – China’s exports grew much faster than expected in June, as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays.

But overall trade growth in the world’s second-biggest economy may slow in the second half of 2021, a customs official warned on Tuesday, partly reflecting the COVID-19 pandemic uncertainties as the Delta virus variant wreaks havoc in some countries.

Overall imports also beat expectations, though the pace of gains eased from May, with the values boosted by high raw material prices, customs data showed.

Thanks to Beijing’s efforts in largely containing the pandemic earlier than its trading partners, the world’s biggest exporter has managed a solid economic revival from the coronavirus-induced slump in the first few months of 2020.

Exports in dollar terms rose 32.2% in June from a year earlier, compared with 27.9% growth in May. The analysts polled by Reuters had forecasted a 23.1% increase.

“Exports surprised on the upside in June, shrugging off the impact of the temporary Shenzhen port closure and other supply chain bottlenecks,” said Louis Kuijs, head of Asia economics at Oxford Economics.

“The headline US$ numbers suggest that in real, sequential terms shipments held up in June, after having moderated earlier on from the record levels of end-2020.”

China’s trade performance has seen some pressure in recent months, mainly due to a global semiconductor shortage, logistics bottlenecks, and higher raw material and freight costs.

All the same, the global easings in COVID-19 lockdown measures and vaccination drives appeared to underpin a strong uptick in worldwide demand for Chinese goods.

Germany, for example, which was at first sluggish in its vaccination drive, said this month it had caught up with the United States in terms of the proportion of the population having had one shot of COVID-19 vaccine. Close to half of Americans are now fully vaccinated, while elsewhere in Europe the rate has also increased recently.

China’s strong shipment numbers last month underlined some solid factory surveys overseas. A measure of U.S. factory activity climbed to a record high in June, while Euro zone business growth accelerated at its fastest pace in 15 years. The data also showed imports increased 36.7% year-on-year last month, beating a 30.0% forecast but slowing from a 51.1% gain in May, which was the highest growth rate in a decade.

China’s crude oil imports in the first half fell 3% in their first contraction for the period since 2013, as an import quota shortage and rising global prices curbed buying, but imports of soybeans, natural gas and iron ore rose.

Asian stock markets, partly buffeted over recent weeks by concerns over the spreading Delta virus variant and easing growth rates in China, extended their gains after the trade data and were headed for the best session in more than two weeks.

China’s yuan also rose to a near one-week high against the dollar as the data tempered worries over softening GDP growth. On Friday, the People’s Bank of China said it would cut the amount of cash that banks must hold as reserves to support the economy, especially as smaller firms were unable to pass on rising raw material costs.

                         PANDEMIC UNCERTAINTIES.

China’s customs administration spokesperson Li Kuiwen said imported inflation risks were manageable, but cautioned that the country’s overall trade still faces uncertainties due to the global pandemic.

Li, speaking at a news conference in Beijing earlier in the day, said trade growth may slow in the second half of 2021, mainly reflecting the statistical impact of the high growth rate.

“But overall we think China’s foreign trade in the second half still has hopes of achieving relatively fast growth,” he said.

China posted a trade surplus of $51.53 billion for last month, compared with the poll’s forecast for a $44.2 billion surplus and the $45.54 billion surplus in May.

Asia’s economic powerhouse has contained a sporadic coronavirus outbreak in one of its major export hubs in southern Guangdong province last month. However, exporters are grappling with higher raw material and freight costs and logistics bottlenecks.

Prices for commodities such as coal, steel, iron ore and copper have surged this year, fuelled by easing pandemic lockdowns in many countries and ample global liquidity.

“The pandemic-induced surge in retail sales in advanced economies has started to reverse recently as consumption patterns begin to normalise amid reopening,” said Julian Evans-Pritchard, senior China economist at Capital Economics.

“Once retailers in these countries have rebuilt their inventories, softer consumer demand will feed through into weaker foreign demand for Chinese exports.”

China’s trade surplus with the United States swelled to $32.58 billion in June, Reuters calculations based on customs data showed, up from the May figure of $31.78 billion.

Top officials from China and the United States started exchanges in June to address mutual concerns, while the Biden administration is conducting a review of trade policy between the world’s two biggest economies, ahead of the expiry of their Phase 1 deal at the end of 2021.

Pubblicato in: Banche Centrali, Cina, Economia e Produzione Industriale

Cina. 2021Q2. Pil +7.9% anno su anno, +12.7% negli ultimi 12 mesi.

Giuseppe Sandro Mela.

2021-07-18.

2021-07-16__ Cina Pil 001

Attenzione!

Mentre i pil dei paesi occidentali conteggiano le sovvenzioni statali, regionali e comunali come se fossero state proventi da lavoro, gonfiando così i valori dei prodotti interni lordi, il pil cinese considera solo quanto prodotto realmente con il lavoro diretto.

* * * * * * *

In sintesi.

– The country’s gross domestic product increased 7.9% in the second quarter from a year ago

– Retail sales rose 12.1% in June from a year ago

– Industrial production grew by 8.3%

* * * * * * *


National Bureau of Statistics of China. National Economy in the First Half Year Witnessed the Steady and Sound Growth Momentum Consolidated.

«In the first half year, faced with complicated and changing environment both at home and abroad, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at the core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, continued to consolidate and expand the achievements made in the epidemic prevention and control and the economic and social development, and implemented accurate macro policies. China’s economy sustained a steady recovery with the production and demand picking up, employment and prices remaining stable, new driving forces thriving fast, quality and efficiency enhancing, market expectations improving and major macro indicators staying within reasonable range. The national economy witnessed the steady and sound growth momentum consolidated.

According to the preliminary estimates, the gross domestic product (GDP) of China in the first half year was 53,216.7 billion yuan, a year-on-year increase of 12.7 percent at comparable prices, 5.6 percentage points lower than that of the first quarter; and the average two-year growth was 5.3 percent, 0.3 percentage points faster than that of the first quarter. By quarter, the year-on-year GDP growth for the first quarter was 18.3 percent, with an average two-year growth of 5.0 percent; for the second quarter 7.9 percent, with an average two-year growth of 5.5 percent. By industry, in the first half year, the value added of the primary industry was 2,840.2 billion yuan, a year-on-year growth of 7.8 percent, with an average two-year growth of 4.3 percent; the secondary industry 20,715.4 billion yuan, a year-on-year growth of 14.8 percent, with an average two-year growth of 6.1 percent; and the tertiary industry  29,661.1 billion yuan, a year-on-year growth of 11.8 percent, with an average two-year growth of 4.9 percent. The quarter-on-quarter GDP growth of the second quarter was 1.3 percent.»

* * * * * * *


China’s GDP grew 7.9% in the second quarter; retail sales beat expectations

– The country’s gross domestic product increased 7.9% in the second quarter from a year ago, the National Bureau of Statistics said Thursday. That fell short of Reuters’ estimate of 8.1% growth.

– Retail sales rose 12.1% in June from a year ago, more than the expected 11% level forecast by Reuters.

– Industrial production grew by 8.3%, greater than the 7.8% Reuters estimate.

*

China reported second-quarter GDP growth that came in slightly below expectations, while retail sales and industrial production grew faster than forecast in June.

The country’s gross domestic product increased 7.9% in the second quarter from a year ago, the National Bureau of Statistics said Thursday. That fell short of Reuters’ estimate of 8.1% growth for the April to June period.

“Overall, China’s economy looks to be on track for recovery, with the 6% annual growth goal in reach,” Chaoping Zhu, global market strategist at JPMorgan Asset Management, said in a note.

“However, downside and structural risks in domestic demand are concerning,” he said, pointing to weak growth in long-term credit and uncertainty over market regulation.

Second-quarter GDP rose 1.3% from the first quarter, faster than the 0.6% pace between the first quarter of this year and fourth quarter of 2020. However, the latest quarterly increase was still slower than the 2.6% pace of the fourth quarter.

“China’s economy sustained a steady recovery,” the statistics bureau said in a release. But the bureau added there were still concerns about the global spread of the pandemic and “unbalanced” recovery domestically.

Retail sales rose 12.1% in June from a year ago, more than the expected 11% level forecast by Reuters. The fastest-growing category was beverages, up 29.1% year-on-year.

Retail sales growth has lagged that of the overall economy, and missed analysts’ expectations for the first two months of the second quarter.

Consumption declined year-on-year in May for four provincial capitals — Wuhan, Guiyang, Shijiazhuang and Yinchuan — according to analysis of public data by Pinpoint Asset Management.

Industrial production grew by 8.3%, greater than the 7.8% Reuters estimate.

In the last three months, Chinese authorities have also announced support for companies affected by the surge in commodity prices.

The urban survey unemployment rate held steady at 5% in June, while unemployment for the younger 16 to 24 age category climbed to 15.4% — the same as June 2020.

On Thursday, a cut to the reserve requirement ratio (RRR), or the amount of funds banks must hold in reserve, was set to take effect. Authorities’ initial hint of such a cut surprised investors last week, and signaled concerns of slower growth.

The cut is expected to release about 1 trillion yuan (or $154 billion) into the economy.

Meanwhile, China’s customs agency said earlier this week that exports rose a more-than-expected 32.2% in June.

Exports growth will likely slow in the second half of the year, said Bruce Pang, head of macro and strategy research at China Renaissance. He cited factors such as a high level of growth in the second half of last year and weaker growth in commodity prices.

China’s slower pace of economic recovery “is still clouded with uncertainties and unbalanced growth, as employment, household income, consumption, manufacturing investment, the service sector and private companies have yet to return to pre-pandemic levels,” Pang said.

Pubblicato in: Cina, Commercio, Logistica

Cina. 2021H1. Ferrovia sino-europea, traffici +52% anno su anno.

Giuseppe Sandro Mela.

2021-07-17.

2021-07-13__cina_ferrovie__0001

Cina. Belt & Road. Il segreto delle ferrovie cinesi. – Bbc.

«Belt & Road è un grandioso piano da oltre 1,400 miliardi di dollari Usd per generare un’infrastruttura ferroviaria allo stato dell’arte a livello euroasiatico.

Quando il Progetto venne reso noto la quasi totalità dei tecnici occidentali si era messo a ridere, di cuore ed a crepapelle. Progettare e costruire i quasi ventimila chilometri di strade ferrate, molte delle quali ad alta velocità ed in climi fortemente avversi era sembrata loro la “barzelletta del secolo“.

I cinesi hanno costruito in quattro anni invece dei trenta previsti dagli occidentali quasi l’intera rete ed a costi trenta volta inferiori a quelli stimati dai tecnici tedeschi.»

* * *

Cina – Europa. Gennaio. Da Manzhouli sono partiti 331 treni, +59.9% anno su anno.

Ferrovia Cina – Europa. 2020. 12,400 treni, +50% anno su anno.

Ferrovia Cina, Kyrgyzstan, Tajikistan, Iran, Afganistan, più Uzbekistan e Turkmenistan.

Nepal. Belt and Road. Progetto di collegamento ferroviario moderno con la Cina.

Rep Ceka e Cina. Attiva la ferrovia Praga – Yiwu.

Kenya. Nuova linea ferroviaria Nairobi – Mombasa finanziata dalla Cina.

Cina. Xi Jinping si meriterebbe il Premio Nobel per l’economia.

Ferrovia Yiwu-Xinjiang-Europe. 11,920 km in dieci giorni. 1,033 convogli al mese.

* * * * * * *

Nel primo semestre di questo anno sulla tratta ferroviaria che collega la Cina con l’Europa sono transitati 707,000 container da 22 piedi, segnando un incremento del +52%. E questi traffici si svolgono con tariffe ridicole a confronto di quelle di trasporto marittimo.

E si tenga presente come le spese di investimento siano state quasi completamente ammortizzate.

*


China-Europe freight-train service sees surging growth in H1

Beijing, July 10 (Xinhua) — The China-Europe freight-train service has handled 7,377 trips in the first half of this year, up 43 percent from the same period last year, data from the China State Railway Group Co., Ltd. showed.

The freight trains have carried about 707,000 20-foot equivalent unit containers of goods in the six-month period, surging 52 percent year on year.

Launched in 2011, the freight trains have reached 168 cities in 23 European countries and recorded more than 40,000 trips, according to the group.

The freight trains have played a crucial role in stabilizing the international logistics supply chain, promoting Sino-European trade and helping with the global fight against the COVID-19 pandemic.

Around 94,000 tonnes of anti-pandemic supplies were sent through the route as of late June, official data showed.

In 2020, the freight trains made 12,406 trips, up 50 percent year on year.

Pubblicato in: Cina, Ideologia liberal, Ong - Ngo, Vizi e Depravazioni

Cina. Criticata ferocemente perché usa sui social le tecniche imparate da Facebook e Google.

Giuseppe Sandro Mela.

2021-07-16.

Cina 017

«The U.S. State Department said on Wednesday it was concerned about reports that China had restricted use of social media accounts of LGBTQI Plus student groups and non-governmental organizations.» [Reuters]

Siamo al paradosso: il Dipartimento di Stato ha quasi come unica preoccupazione sulla Cina questo particolare problema.

* * * * * * *

Il problema sarebbe semplice nella sua complessità.

Cina ed enclave liberal occidentale hanno Weltanschauung opposte e conflittuali, che non si tollerano a vicenda.

La grande differenza però consiste nel fatto che mentre i cinesi si fanno i fatti propri, i liberal occidentali vorrebbero poter imporre la loro visione di vita a tutti coloro che non la condividono, fatto questo molto mal recepito in Cina.

Poi, quando i social occidentali bloccano utenti ed impediscono la pubblicazioni di post contrari all’ideologia liberal, alla questa sarebbe cosa corretta, giusta e meritoria.

* * * * * * *

Cina. Si ribella alla femminilizzazione dei suoi maschi. Li vuole virili.

«A notice from China’s education ministry has caused a stir after it suggested young Chinese men had become too “feminine”»

«For a while China’s government has signalled concern that the country’s most popular male role models are no longer strong, athletic figures like “army heroes”»

«So last week, the education ministry issued a notice with a title that left no doubt about its ultimate goal»

«The Proposal to Prevent the Feminisation of Male Adolescents called on schools to fully reform their offerings on physical education and strengthen their recruitment of teachers»

«”cultivating students’ masculinity”»

* * *

Hollywood. Sta perdendo il grande mercato cinese. Troppo liberal.

«The share of foreign films, including those from Hollywood, slipped to 16% of Chinese ticket receipts in 2020 from 36% the year before»

«Meanwhile, several of Hollywood’s highly anticipated, big-budget films either flopped in China or faced public-relations issues»

«Walt Disney Co.’s fantasy-action drama “Mulan” stirred up controversy for its portrayal of Chinese culture and was also criticized for filming in the Xinjiang region, where the government is accused of oppressing Muslim-minority Uighurs»

«Chinese consumer sentiment toward anything American is at an all-time, modern day low»

* * * * * * *

«While homosexuality, which was classified as a mental disorder until 2001, is legal in China, same sex marriage is not recognised»

«This year, a court upheld a university’s description of homosexuality as a “psychological disorder”, ruling that it was not a factual error»

«China’s Wechat deletes university LGBT accounts»

«Chinese tech giant Tencent’s WeChat social media platform has deleted dozens of LGBT accounts run by university students, saying some had broken rules on information on the internet, sparking fear of a crackdown on gay content online»

«Members of several LGBT groups told Reuters that access to their accounts was blocked late on Tuesday and they later discovered that all of their content had been deleted»

«They censored us without any warning. All of us have been wiped out»

«Attempts by Reuters to access some accounts were met with a notice from WeChat saying the groups “had violated regulations on the management of accounts offering public information service on the Chinese internet”»

«Other accounts did not show up in search results.»

«The Weibo social media platform, owned by Weibo Corp, has at times removed lesbian content and the online community board platform Zhihu has censored topics on gender and identity»


* * * * * *

China’s Wechat deletes university LGBT accounts

Chinese tech giant Tencent’s WeChat social media platform has deleted dozens of LGBT accounts run by university students, saying some had broken rules on information on the internet, sparking fear of a crackdown on gay content online.

Members of several LGBT groups told Reuters that access to their accounts was blocked late on Tuesday and they later discovered that all of their content had been deleted.

“Many of us suffered at the same time,” said the account manager of one group who declined to be identified due to the sensitivity of the issue.

“They censored us without any warning. All of us have been wiped out.”

Attempts by Reuters to access some accounts were met with a notice from WeChat saying the groups “had violated regulations on the management of accounts offering public information service on the Chinese internet”.

Other accounts did not show up in search results.

WeChat did not immediately respond to emailed questions.

While homosexuality, which was classified as a mental disorder until 2001, is legal in China, same sex marriage is not recognised. Social stigma and pressure still deter people from coming out.

This year, a court upheld a university’s description of homosexuality as a “psychological disorder”, ruling that it was not a factual error.

The LGBT community has repeatedly found itself falling foul of censors and the Cyberspace Administration of China recently pledged to clean up the internet to protect minors and crack down on social media groups deemed a “bad influence”.

The Weibo social media platform, owned by Weibo Corp, has at times removed lesbian content and the online community board platform Zhihu has censored topics on gender and identity.

Last year, China’s only pride festival was cancelled indefinitely after organisers cited concerns over staff safety.

“Authorities have been tightening the space available for LGBT advocacy and civil society generally. This is another turning of the screw,” said Darius Longarino, a senior fellow at Yale Law School’s Paul Tsai’s China Center, who focuses on LGBT rights and gender equality.

Pubblicato in: Cina, Economia e Produzione Industriale, Materie Prime

Cina. Maggio21. PPI +8.8%, PCI +1.1%.

Giuseppe Sandro Mela.

2021-07-13.

2021-07-10__ Cina PPI PCI 001

«In May 2021, Producer Price Index (PPI) for manufactured goods rose by 9.0 percent year-on-year and 1.6 percent month-on-month»

«The purchasing price index for manufactured goods increased by 12.5 percent year-on-year and 1.9 percent month-on-month»

«From January to May, on average, the producer price of industrial products increased by 4.4 percent over the same period last year, and the purchasing price of industrial products increased by 5.9 percent»

«Among the PPI for manufactured goods, the year-on-year producer prices for means of production increased by 12.0 percent»

«producer prices for mining and quarrying industry, raw materials industry, manufacturing and processing industry increased by 36.4, 18.8 and 7.4 percent»

«Producer prices for consumer goods increased by 0.5 percent, and the pace of growth enlarged 0.2 percentage point, meaning 0.14 percentage point increase in the overall price level»

«the year-on-year purchaser price indices for non-ferrous metal materials and wires, ferrous metal materials, fuel and power and chemical raw materials jumped by 28.0, 26.8, 20.7 and 17.0 percent»

2021-07-10__ Cina PPI PCI 002

* * * * * * *

Cina. L’aumento delle materie prime comprime i profitti industriali.

Materie Prime. Rincari che sostengono una inflazione strutturale, duratura e severa.

Inflazione. Il costo di un container da Shanghai a Rotterdam è 10,522 Usd, +547%.

Fao Food Price Index +39.7% anno su anno. Inflazione. – Fao.

Stagflazione. Uno dei tanti cigni neri che si aggirano come avvoltoi.

* * * * * * *

L’intero sistema economico produttivo mondiale è entrato in un periodo di consistenti rincari delle materie prime, specie poi quelle necessarie per la generazione di energia.

A ciò si aggiunga il fatto che la quasi totalità dei paesi sia entrata in recessione, fatto questo che riduce il volume di interscambio commerciale, complice anche uno straordinario aumento del costo dei noli.

Elemento comune sono gli alti prezzi dei carburanti e dell’energia, ostacolo formidabile ad ogni possibile ripresa.

Si noti infine come la vorticosa variazione dei costi sia elemento inficiante ogni qualsiasi programmazione industriale.

*


National Bureau of Statistics of China. Producer Prices in the Industrial Sector for May 2021.

In May 2021, Producer Price Index (PPI) for manufactured goods rose by 9.0 percent year-on-year and 1.6 percent month-on-month. The purchasing price index for manufactured goods increased by 12.5 percent year-on-year and 1.9 percent month-on-month. From January to May, on average, the producer price of industrial products increased by 4.4 percent over the same period last year, and the purchasing price of industrial products increased by 5.9 percent.

  1. Year-on-Year Changes of Prices of Different Categories

Among the PPI for manufactured goods, the year-on-year producer prices for means of production increased by 12.0 percent, and the pace of growth enlarged 2.9 percentage points than that of last month, affecting 8.87 percentage points increase in the overall level of producer price. Of which, producer prices for mining and quarrying industry, raw materials industry, manufacturing and processing industry increased by 36.4, 18.8 and 7.4 percent. Producer prices for consumer goods increased by 0.5 percent, and the pace of growth enlarged 0.2 percentage point, meaning 0.14 percentage point increase in the overall price level. Of which, producer prices for foodstuff increased by 2.2 percent, while that of clothing fell by 0.6 percent, that of commodities rose by 0.5 percent, and that of durable consumer goods decreased by 0.8 percent.

Among the purchaser price index, the year-on-year purchaser price indices for non-ferrous metal materials and wires, ferrous metal materials, fuel and power and chemical raw materials jumped by 28.0, 26.8, 20.7 and 17.0 percent.

  1. Month-on-Month Changes of Prices of Different Categories

Among the PPI for manufactured goods, the prices for means of production went up by 2.1 percent month-on-month, higher 0.9 percentage point over last month, affecting 1.58 percentage points increase in the overall level of producer price. Of the total, producer prices for mining and quarrying industry, raw materials industry and manufacturing and processing industry rose by 6.5, 2.1 and 1.7 percent. The prices of consumer goods increased by 0.1 percent, unchanged over last month, affecting 0.03 percentage point increase in the overall level of producer price. Of which, the producer prices for foodstuff and clothing were flat, while that of commodities and durable consumer goods rose by 0.4 and 0.1 percent.

The month-on-month purchaser price indices for ferrous metals materials, non-ferrous metal materials and wire, fuel and power, and chemical raw materials, respectively increased by 5.1, 4.1, 2.8 and 1.3 percent.

Pubblicato in: Cina, Devoluzione socialismo, Unione Europea

Cina. Il 60% delle imprese europee fugge da casa e sta investendo lì. – Bloomberg.

Giuseppe Sandro Mela.

2021-07-12.

denaro-in-fuga-001

«More companies saw higher profit margin in China than globally»

«Companies worried about politicization of business environment»

«European businesses are increasing investment in China and moving supply chains onshore after the quick recovery from the pandemic last year made China an even more important source of growth and profits»

«Nearly 60% of European companies plan to expand their China operations in 2021, up from 51% last year»

«About half of the 585 respondents reported profit margins in China higher than their global average, a jump from the 38% recorded a year earlier»

«The resilience of China’s market provided much-needed shelter for European companies amidst the storm of the Covid-19 pandemic»

«A total of 73% of the survey respondents reported a profit last year, with another 14% breaking even»

«Some 68% of the survey respondents were optimistic about the business outlook in their sector over the next two years, up from 48% last year»

«Businesses are also expanding in China to further separate their operations in the country from the rest of the world, in order to avoid supply chain disruptions due to geopolitical tensions»

«9% of firms said they were considering moving any current or planned investment out»

«The main point is to develop supply chain as much as possible here, as far as it’s possible, to provide what’s needed for the market here»

«Another 40% said that any alternative would be either more expensive or be of lower quality»

«The political environment for European firms in China has become more difficult in 2021, with consumer boycotts of companies such as Hennes & Mauritz AB in March and Beijing and Brussels imposing tit-for-tat sanctions on each other over accusations of human rights abuses by China against the Uyghur population in Xinjiang»

«European companies continued to experience forced technology transfer»

«Sixteen percent of respondents said they were compelled to transfer technology in order to maintain market access»

* * * * * * *

Cina. 2020. Investimenti esteri +81% YoY. Superano quelli negli Usa.

Cina. Aprile21. Investimenti Diretti Esteri +38.60%.

Cina. Abolite le restrizioni agli investimenti esteri nel settore energetico.

Cina apre il suo mercato dei bond agli stranieri. Un mercato da 15 trilioni Usd.

BlackRock anticipa l’apertura cinese alla finanza occidentale. 3.4 trilioni in tre anni.

* * *

I media liberal occidentali da anni demonizzano la Cina, attribuendole ogni sorta di nequizie. Il tragico è che la gente comune crede che dicano la verità. Quando si sente gente simile parlare o scrivere della Cina ci si domanda a cosa mai si riferiscano: un qualcosa di inesistente che alberga solo nelle loro menti incapaci di una sia pur minima revisione critica.

La realtà dei fatti è ben esposta dai numeri.

Quando il 60% delle imprese europee investe in Cina dovrebbe eppure raccontarla lunga. Fuggono dall’Unione Europea che le vessa con tasse, gabelle, leggi e normative del tutto stravaganti, per non parlare poi del politically correct e del gender, impossibilitate di gestire il proprio lavoro.

L’attuale dirigenza europea e degli stati membri sta generando un deserto produttivo, e poi si lamenta che la gente fugga.

*


European Companies to Invest More in China After Pandemic.

– More companies saw higher profit margin in China than globally

– Companies worried about politicization of business environment

*

European businesses are increasing investment in China and moving supply chains onshore after the quick recovery from the pandemic last year made China an even more important source of growth and profits.

Nearly 60% of European companies plan to expand their China operations in 2021, up from 51% last year, according to an annual survey by the European Chamber of Commerce released Tuesday. About half of the 585 respondents reported profit margins in China higher than their global average, a jump from the 38% recorded a year earlier.

“The resilience of China’s market provided much-needed shelter for European companies amidst the storm of the Covid-19 pandemic,” said the survey report. China’s quick containment of the virus and successful reopening of its economy early last year made it the main global growth driver in 2020, throwing a lifeline to European companies from French luxury giant LVMH SE to German car maker BMW AG.

A total of 73% of the survey respondents reported a profit last year, with another 14% breaking even. That was about the same level as in previous years despite the pandemic, showing how quickly the domestic market bounced back. Some 68% of the survey respondents were optimistic about the business outlook in their sector over the next two years, up from 48% last year.

                         Growing Concerns

Businesses are also expanding in China to further separate their operations in the country from the rest of the world, in order to avoid supply chain disruptions due to geopolitical tensions, according to the chamber’s report.

A quarter of the surveyed companies are “onshoring” their supply chains by moving production lines into China or switching to suppliers with local production, according to the chamber. Only 9% of firms said they were considering moving any current or planned investment out, the lowest level on record.

Businesses in China Consider Splitting Operations: Roland Berger

“The main point is to develop supply chain as much as possible here, as far as it’s possible, to provide what’s needed for the market here,” said Charlotte Roule, a board member of the chamber.

Companies are exposed to the threat of decoupling between China and other economies, with many reliant on imports for critical components or inputs that could be disrupted by restrictions or bans by other nations. A third of firms say that there are simply no viable alternatives to some of the equipment or components they import from abroad into China, leaving them exposed to production disruptions. Another 40% said that any alternative would be either more expensive or be of lower quality.

The political environment for European firms in China has become more difficult in 2021, with consumer boycotts of companies such as Hennes & Mauritz AB in March and Beijing and Brussels imposing tit-for-tat sanctions on each other over accusations of human rights abuses by China against the Uyghur population in Xinjiang. Even before that, more than 40% of the respondents in the February survey thought the business environment in China had become more political in the past year.

                         Tech Worries

European companies continued to experience forced technology transfer, even though it’s banned by the Foreign Investment Law China enacted last year. Sixteen percent of respondents said they were compelled to transfer technology in order to maintain market access, unchanged from the survey a year ago.

Respondents are also concerned that China’s push for technology self-reliance will hurt businesses as it increases compliance costs and Chinese customers may increase their scrutiny of foreign services or even switch to local suppliers, the report said.