China Economy Forum

[TaiShang]

 

[JSCh]

Huawei overtakes Xiaomi as top smartphone vendor
Xinhua, October 23, 2015

Huawei Technologies Co. replaced Xiaomi Corp. as China's top smartphone vendor in the third quarter, according to a tech industry research company.

In the third quarter, Huawei's shipments registered 81-percent year on year growth, while Xiaomi's shipments shrank, Canalys estimated.

"Xiaomi, with its worldwide target of 80 million smartphone shipments for 2015, is under tremendous pressure to keep growing as an international player as it is slowing down in its key home market," said Jessie Ding, a research analyst based in the Canalys Shanghai office.

As domestic shipments wane, Xiaomi is looking to expand overseas. Lin Bin, Xiaomi's president, said at a technology conference on Wednesday that the company is considering selling its higher-end Mi Note and Mi Note Pro models in the United States.

Xiaomi entered the Indian smartphone market in 2014, selling a million handsets.

While Xiaomi has to face off against big names like Apple and Samsung overseas, there is also fierce competition at home.

Already established as an international smartphone maker, Huawei made 52 percent of its smartphone sales revenue overseas last year. The markets in Africa, Asia and Latin America are blossoming.

 

[Malik Alashter]

People like android as I think once you use windows on a phone you just pushed the people away from.

Not that because windows is bad or people dont like it no because android is easy to use.

 

[Edison Chen]

China’s Central Bank Cuts Rates - WSJ

BEIJING—China’s central bank late Friday cut both interest rates and the reserve-requirement ratio for banks, in a bid to revive slowing economic growth.

The central bank also scrapped its cap on deposit rates for China’s commercial lenders and rural cooperatives, a key move toward the government’s long-promised interest-rate liberalization.

The People’s Bank of China said in a statement that it will cut its benchmark lending and deposit rate by 0.25 percentage point. After the cuts, China’s benchmark one-year lending rate will be 4.35%, down from 4.6%, and the one-year deposit rate will be 1.5%, lowered from 1.75%, effective Saturday.

This is the sixth cut in benchmark interest rates since November last year.

Meanwhile, the PBOC said it would also lower its reserve-requirement ratio for banks by 0.5 percentage point, also effective Saturday, in a bid to boost liquidity and maintain stable credit growth. The official reserve-requirement ratio for most large banks will fall to 17.5% after the cut takes effect.

The central bank said there would be an extra 0.5 percentage point cut in certain banks’ reserve-requirement ratio, in a bid to support the country’s small businesses and agricultural sector.

This is the fourth across-the-board reserve-requirement-ratio reduction so far this year.

—Grace Zhu

 

[googly]

China is already in deflation. It needs to reduce rate & reserve ratio many times.

 

[LowPost]

Australian and NZ beef is ten times preferable over contaminated US beef.

At least that's the lesson we learned here in Taiwan.

Keep away from US beef (and other meat types).

I recall that @Wholegrain, a Taiwanese TTA, stated that there are even more food scandals in Taiwan than in China.

 

[Jlaw]

I recall that @Wholegrain, a Taiwanese TTA, stated that there are even more food scandals in Taiwan than in China.

Same here. Just that it's not reported in international news.

 

[Keel]

China ( China Railway Engineering Equipment Group Co. Ltd.) wins bid to supply six big-diameter EPB (Earth Pressure Balance) TBMs (Tunnel Boring Machines) to Israel

中国中铁向以色列出口6台大直径土压平衡盾构机_中国经济网——国家经济门户

中国中铁向以色列出口6台大直径土压平衡盾构机
国产盾构机打入中东市场
2015年10月22日 10:46 来源：中国经济网—《经济日报》 夏先清

[手机看新闻]
　　经济日报讯 记者夏先清、通讯员陈龙报道：近日，以色列特拉维夫轻轨红线项目盾构采购合同签约仪式在郑州举行，中国中铁工程装备集团一次性向以色列出口6台大直径土压平衡盾构机，首度打入中东市场。这是国际市场对中国品牌盾构的又一肯定，同时也标志着中国中铁装备国际市场占有率进一步扩大，增强了角逐国际盾构市场的话语权。

　　中国中铁工程装备集团出口的6台盾构机将全部用于以色列特拉维夫轻轨红线项目，该项目曾作为以色列建国以来最大的政府特许基础设施建设项目，其中西标段包括6座地下车站，2条长5.5公里的钻挖隧道及16条横通道。

　　中国中铁工程装备集团结合丰富的施工经验，为充分考虑该区间地层条件，以BS标准为主，结合以色列当地标准及欧洲标准，“量身定制”了具有世界领先技术的土压平衡盾构，盾构采用节能环保的变频驱动方式，盾构刀盘直径达到7.53米，特殊的设计能够有效保证工程的工期和质量。同时，为了提高施工人员的舒适度，盾构配备了先进的隧道通风冷却系统，充分考虑人体工学的操作系统。设备配置充分考虑设备及施工过程安全性，设计有高标准的应急逃生通道、紧急逃生舱、自动消防系统等。

　　据了解，这是中国中铁装备集团与承建方通过装备与施工技术实现了紧密的“手拉手”，在以色列特拉维夫轻轨红线项目全面合作，共同开发，展示了中国企业的实力，获得了国际市场的突破。此次项目中标也成为中国施工企业和装备制造企业的国际合作典范。

 

[Dungeness]

These are the concrete results a responsible Government should deliver to its people, not some pipe dream of being a "Superpower", and made itself the international laughing stock.

Huawei overtakes Xiaomi as top smartphone vendor
Xinhua, October 23, 2015

Huawei Technologies Co. replaced Xiaomi Corp. as China's top smartphone vendor in the third quarter, according to a tech industry research company.

In the third quarter, Huawei's shipments registered 81-percent year on year growth, while Xiaomi's shipments shrank, Canalys estimated.

"Xiaomi, with its worldwide target of 80 million smartphone shipments for 2015, is under tremendous pressure to keep growing as an international player as it is slowing down in its key home market," said Jessie Ding, a research analyst based in the Canalys Shanghai office.

As domestic shipments wane, Xiaomi is looking to expand overseas. Lin Bin, Xiaomi's president, said at a technology conference on Wednesday that the company is considering selling its higher-end Mi Note and Mi Note Pro models in the United States.

Xiaomi entered the Indian smartphone market in 2014, selling a million handsets.

While Xiaomi has to face off against big names like Apple and Samsung overseas, there is also fierce competition at home.

Already established as an international smartphone maker, Huawei made 52 percent of its smartphone sales revenue overseas last year. The markets in Africa, Asia and Latin America are blossoming.

Whole family switched to Huawei now, and are proud of it.

 

[Jlaw]

China is already in deflation. It needs to reduce rate & reserve ratio many times.

You are correct. China is in a deflation stage with 6.9% recent GDP for the quarter

 

[BuddhaPalm]

IMF Said to Give China Strong Signs of Reserve-Currency Nod - Bloomberg Business

I look in my pocket. Voila! There are pink colored bills of an IMF reserve currency. Much more potent now than the same bills yesterday.

 

[Economic superpower]

Pretty much a done deal now.

China just entered the big boys club.

Recognition of your currency as a reserve currency is the ultimate.

Nearly 40 years of development has been rewarded.

Congratulations to China!

 

[大汉奸柳传志]

LOL Let‘s make “Kowtowing to China” the new thread starter.

 

[Chinese-Dragon]

The U.S. took a step toward backing China’s SDR bid last month, when it softened its insistence that the Chinese implement financial reforms to win support.

That's weird.

Since America basically has veto power in the IMF (America + allies have majority voting rights). They could have vetoed it.

Instead they are supporting it?

What is the game here?

 

[googly]

You are correct. China is in a deflation stage with 6.9% recent GDP for the quarter

Learn some economics.

Nominal growth = 6.2
Real growth = 6.9
Deflator = -0.7

Without net export contribution Chinese growth is 5%.

China is in deflation.