China Economy Forum

[Dungeness]

Great!

Another area where China has surpassed the US.

eCommerce is THE area that China truly leaves the US in the dust.

 

[Hamartia Antidote]

Great!

Another area where China has surpassed the US.

Um....the entire population of the US is less than 360M so of course you will pass it.

eCommerce is THE area that China truly leaves the US in the dust.

haha @Slav Defence you wonder how stupid flames start...

 

[Dungeness]

haha @Slav Defence you wonder how stupid flames start...

hey, buddy, you have no idea how Chinese order their lunches, and their grocery. Give them credit where the credit is due.

Do we get to enjoy the service like "same day free delivery" in the states? Let's face it, they have advantage over us in the states. It should not hurt your pride just because someone else is doing a better job.

 

[cirr]

China's Unigroup to Pay $600 Million for Taiwan Chipmaker Stake

Bloomberg News @TaiShang

October 30, 2015 — 7:39 AM EDT

Tsinghua Unigroup Ltd., the investment arm of China’s Tsinghua University, has agreed to pay about $600 million to become the largest shareholder in Taiwanese chip testing and assembly provider Powertech Technology Inc.

Unigroup, which is unlisted, will purchase a stake of about 25 percent in Powertech for NT$75 ($2.30) per share, according to a statement posted on the mainland Chinese company’s website on Friday. Powertech could expand its market share in China and reinforce its leading role in the global market after the deal, the statement said.

The stake purchase is another step forward in the Beijing-based company’s expansion into the $80 billion global memory market. Unigroup is said to have considered bidding for Micron Technology Inc. and also said to be close to a deal for Tongfang Guoxin Electronics Co. This month, an affiliate agreed to buy a stake in Western Digital Corp, while Unigroup hired Taiwanese industry veteran Charles Kau, chairman of a venture between Nanya Technology Corp. and Micron Technology, as one of three global executive vice presidents.

Taiwan hasn’t an received application for the Powertech deal, Taiwan’s Ministry of Economic Affairs said in a separate statement on its website, adding that it would consider the impact of Unigroup’s global purchases on Taiwan while examining the deal.

Taiwan’s Advanced Semiconductor Engineering Inc., the world’s biggest chip assembler and tester, said in August it planned to buy a stake of as much as 25 percent in Siliconware Precision Industries Co. for about NT$35.1 billion. Profits of Taiwan technology companies are coming under pressure amid increased global competition and weaker economic growth.

Powertech’s shares gained 3.5 percent to close at NT$72 on Friday in Taipei, adding to a 33 percent gain this year.

China's Unigroup to Pay $600 Million for Taiwan Chipmaker Stake - Bloomberg Business

 

[Beidou2020]

Um....the entire population of the US is less than 360M so of course you will pass it.

US wasn't complaining when it was the largest of everything competing with countries with smaller populations like Germany, Japan, etc.

Like the US had a bigger population advantage over those countries, now the role is reversed.

China will surpass the US in everything.
Get used to it.

 

[cirr]

China’s Tsinghua Unigroup Eyeing SSD Market



SEOUL, SOUTH KOREA

26 October 2015 - 3:30pm

By Michael Herh

A new market report says that Tsinghua Unigroup, a new rising star in the global semiconductor industry, is targeting the solid state drive (SSD) market where Samsung is enjoying an overwhelming market share. According to a Market View report by D-RMA Exchange, a semiconductor industry market survey organization on Oct. 25, Western Digital, a U.S. storage company is making a foray into the SSD market after taking over SanDisk, a NAND flash company. Tsinghua Unigroup became the largest shareholder of Western Digital by taking over a 15 percent stake in the companies.

Analysis shows that Tsinghua Unigroup, which indirectly took over SanDisk, made a big investment after taking into consideration potential demand for SSDs, a hot future item in the storage market. The Chinese government announced the promotion of its semiconductor industry by raising a fund of 120 billion yuan (US$18.9 billion). Industry experts analyze that China aims to raise its own supply rate as the world’s biggest consumer of SSDs. China accounts for 30 percent of global SSD demand.

The SSD market is estimated at US$13 billion. In 2019, the market will outgrow the HDD market by breaking through US$20 billion in 2019. According to HIS, a market survey organization, Samsung Electronics took up 42 percent of the SSD market, 2.6 times the market share of Intel (16 percent), in the second quarter of this year. SanDisk came in third with nine percent, followed by Micron and Toshiba, both of which inked a six percent market share, respectively.

Samsung Electronics beat Intel in market shares last year as the former chalked up 34 percent while the latter only got 17 percent. This year, the gap has widened. This means that Samsung Electronics has market control in the SSD market, which is as strong as its market share in the DRAM market. But SanDisk shares Fab lines with Toshiba, and has maintained a partnership with Toshiba, the original developer of NAND flash memory. This fact indicates that Western Digital now has great potential to chase Samsung Electronics.

Tsinghua Unigroup took over technological companies such as STEC, Velobit, and Skyera to reinforce its flash storage technologies before acquiring SanDisk. SanDisk received technology from companies such as FlashSoft and Smart Storage. “Samsung is enjoying a comfortable lead in terms of 3D NAND technologies and prices. Thus, other companies will need a lot of investments to catch up with Samsung,” the report says.

SSD Market Fluctuation: China’s Tsinghua Unigroup Eyeing SSD Market | BusinessKorea

 

[Hamartia Antidote]

US wasn't complaining when it was the largest of everything competing with countries with smaller populations like Germany, Japan, etc.

Like the US had a bigger population advantage over those countries, now the role is reversed.

China will surpass the US in everything.
Get used to it.

Of course! The only reason you need to surpass us is because you fell behind. That's not our fault.

BTW the EU is 500M...more than us.

 

[cirr]

Wed Oct 28, 2015 3:57am EDT

China's SAIC investing more than $3.2 bln in new energy vehicles

* Aims to sell 600,000 green cars by 2020

* Green car sales tripled ytd in China (Adds context)

Oct 28 (Reuters) - China's SAIC Motor Corp Ltd said on Wednesday that it would invest more than 20 billion yuan ($3.2 billion) in new energy vehicles in the next five years.

The company aims to develop 30 green energy models and targets total sales of 600,000 units by 2020, it said in a statement on its website.

The country's largest automaker also announced a partnership with the municipal government in Shanghai's densely populated Huangpu district to invest 300 million yuan in charging stations and services related to new energy vehicles. SAIC aims to build 50,000 charging stations nationally by 2020.

The Chinese government is using subsidies and emissions targets to push automakers to develop green energy cars, which it sees as its best shot at closing a competitive gap with global rivals.

Sales of battery electric and hybrid cars have more than tripled so far this year, while overall vehicle sales have only increased a meagre 0.3 percent, according to latest data from the China Association of Automobile Manufacturers. ($1 = 6.3565 Chinese yuan renminbi) (Reporting by Jake Spring and Beijing newsroom; Editing by Michael Perry and Christopher Cushing)

UPDATE 1-China's SAIC investing more than $3.2 bln in new energy vehicles| Reuters

 

[Beidou2020]

Of course! The only reason you need to surpass us is because you fell behind. That's not our fault.

BTW the EU is 500M...more than us.

Where did I say it's your fault?

China at its best will be a very powerful country. That's what the CPC wants to achieve.

 

[qwerrty]

got scammed badly last time. not not gonna buy any on 11.11 this time. i'd rather pay full price than get tricked again like donkey lol

 

[cirr]

It is getting increasingly easier to part with your money thanks to the ease with which things and services can be bought and delivered to ur desk within hours，literally。

 

[Beast]

got scammed badly last time. not not gonna buy any on 11.11 this time. i'd rather pay full price than get tricked again like donkey lol

Did you used Alipay? How did you get scammed?

 

[Shotgunner51]

eCommerce is THE area that China truly leaves the US in the dust.

There are far more areas on the production side, but on consumption side yes, China doesn't perform well except say in eCommerce. It will take a lot more socio-economic reforms to convert the world biggest gross domestic savings into consumption, decades to go my friend.

China retail sales up 10.9 pct in Sept.
BEIJING, Oct. 19 (Xinhua) -- China's retail sales of consumer goods grew 10.9 percent year on year in September, slightly higher than 10.8 percent for August, official data showed Monday.

The figure marked the highest rate of growth since the beginning of this year, according to the National Bureau of Statistics (NBS).

In the first three quarters, total sales rose 10.5 percent from a year earlier to 21.61 trillion yuan (3.4 trillion U.S. dollars).

In the same period, retail sales in rural areas expanded by 11.7 percent, outpacing the rate of 10.3 percent for sales in urban areas.

Online sales surged by 36.2 percent to 2.59 trillion yuan from January to September, totaling about 12 percent in gross retail sales, the NBS said.

That's a good progress!

 

[CHN Bamboo]

Haha,my family contribute a lot!

 

[AndrewJin]

Haha,my family contribute a lot!

Mine too, all tissues, shampoo, even rice and oil.