China Economy: News & Discussion
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JBH22
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Wait, if I remember my accounting classes, CAPEX hit the cash flow statement and not P&L. However, higher loans may induce higher finance cost thus reducing profits.
SexyChineseLady
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C939 after C919 and upcoming C929!
MiG-29SMT
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Uhmm not a single private owner all CCP owned airliners, well good luck, but most likely pure wet dreams of wankers, well wanker loves wet dreams, same COMAC
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SexyChineseLady
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A very healthy, growing and complete semicon eco-system 
Equipment:
Fabrication:
Product:
Equipment:
Fabrication:
Product:
rockdog
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Strong language only makes you looks like a old loser, with long time unemployed and stayed away from the real world.
On 3 September, 1970, Air France signed a letter of intent to buy six A300s, the first order won by Airbus.
And Air France during 1970s was also state owened.
MiG-29SMT
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You will be old that makes you more stupid, only a stupid call a person older than himself a loser since a loser never sees things right but what can I say from you, thinking your future is assured we are blind to the future but stupids talk arrogant like you do that think they own future times.
Being older actually is good and under heaven only fools care for material things, I know I will have all what I need, only materialistic fools like CCP trolls care I am not like you get it
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MiG-29SMT
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- April 2024 deliveries: 61 deliveries to 33 customers
- April 2024 gross orders: 57
- 2024 deliveries to date: 203 deliveries to 52 customers
| Single-Aisle | A300/A310 | A330 | A340 | A350 | A380 | TOTAL | |
|---|---|---|---|---|---|---|---|
| Total Orders | 19521 | 816 | 1774 | 377 | 1278 | 251 | 24017 |
| Total Deliveries | 11759 | 816 | 1599 | 377 | 598 | 251 | 15400 |
| Aircraft in Operation | 11043 | 270 | 1468 | 202 | 597 | 234 | 13814 |
Orders and deliveries
Airbus releases commercial results in a monthly “Orders & Deliveries” report, which lists all firm aircraft transactions – including executive and private jetliners.
www.airbus.com
sales sales and more sales C919 no sales all are debts.
not owned By French government
No foreign and private owners, only CCP buys C919 and no profit since most of the aircraft has foreign parts
Japan Airlines to add 32 new Airbus planes to its fleet
Japan Airlines to add 32 new Airbus planes to its fleet
The airline, a longtime Boeing customer, will also buy 10 jets from the U.S. planemaker as it expands its international network.
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Azaad
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Biden quadruples tariffs on China EVs and targets chip imports as a trade war intensifies
Treasury Secretary Janet Yellen has said Biden won't allow a second wave of the “China shock” of the early 2000s
qz.com
MiG-29SMT
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MEXICO CITY (Reuters) -Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, in Mexico on Tuesday, as its regional chief brushed off new U.S. tariff hikes on Chinese EVs, saying the company was not eyeing an entry to the U.S. market.
The Shark strengthens BYD's foothold in the North American market with a vehicle aimed directly at incumbents Ford, General Motors and Toyota.
It is for now only available in Mexico, executives said, and is the first time the world's largest electric-vehicle (EV) maker has launched a new product outside its home country.
BYD chose Mexico because of the rapid growth in demand for pickup trucks in the country, Chief of Americas Stella Li said.
The unveiling event in Mexico came hours after U.S. President Joe Biden announced steep tariff increases on an array of Chinese imports, citing unfair competitive practices. Duties on Chinese EVs were quadrupled to over 100%.
U.S. Trade Representative Katherine Tai later said that the United States is weighing tariffs on imports from Mexico.
In an interview with Reuters after the event, Li said the U.S. tariff hikes have no impact on BYD, which plans to build a plant in Mexico.
"We don't have plans to go to the U.S. market, so this announcement does not impact us at all," Li said.
"When we build a Mexican plant, we only consider the Mexican market and other countries' markets, we have not considered the U.S.," she added.
There is now a shortlist of potential sites for BYD's plant in Mexico, Li said, adding it will be centrally-located in the Latin American country.
A "deeper dialogue" was needed to make the final decision, Li said, which was expected to come by the end of the year.
The plant, which will have a capacity of 150,000 vehicles per year, will take two to three years to finish, Li added.
GROWING PRESENCE
The presence of Chinese automakers in Mexico has grown exponentially since 2017. One out of 10 cars sold in Mexico last year was from a Chinese automaker, with MG Motors, a unit of SAIC, dominating nearly half the market.
Reuters exclusively reported last month that Mexico's federal government, under pressure from the U.S. in keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production.
Li said BYD has not yet discussed incentives with Mexico's federal government, citing the busy period ahead of the country's elections in June. She did not share details on incentives BYD would be seeking from the federal government or individual states.
"I think all the states will try their best to give a best offer to attract us because we will be bringing a lot of technology there and create a lot of local jobs," Li said. "Every state, and even the central government, would love this kind of investment."
BYD's Shark will go head-to-head in Mexico with compact and medium-sized trucks such as the Toyota Tacoma and Ford Ranger. It is, however, costlier than most makes of both of the competing vehicles with a starting price of 899,980 pesos ($53,442.68) for the Shark GL and 969,800 pesos ($57,588.73) for the premium Shark GS.
The Shark can travel up to 100 km (62 miles) in EV mode before needing to be recharged, BYD said, and up to 840 km using both electric and combustion methods.
The pickup consumes 7.5 liters of fuel per 100 km (31.4 mpg) traveled, the brochure detailed.
($1 = 16.8401 Mexican pesos)
(Reporting by Cassandra Garrison; Writing by Kylie Madry; Editing by Anthony Esposito, Deepa Babington and Marguerita Choy)
www.yahoo.com
This model has boosted BYD's sales in Mexico. Sources close to the company confirmed that, in the first two months of the year, the company managed to sell 1,570 units, compared to the 1,123 units sold in all of 2023.
expansion.mx
.
BYD, the Chinese electric vehicle giant, announced its entry into the Mexican market in November 2022, with the goal of selling 10,000 units in its first year of operations. However, despite initial expectations, sales of BYD's fully electric vehicles have been more muted than expected.
expansion.mx
The Shark strengthens BYD's foothold in the North American market with a vehicle aimed directly at incumbents Ford, General Motors and Toyota.
It is for now only available in Mexico, executives said, and is the first time the world's largest electric-vehicle (EV) maker has launched a new product outside its home country.
BYD chose Mexico because of the rapid growth in demand for pickup trucks in the country, Chief of Americas Stella Li said.
The unveiling event in Mexico came hours after U.S. President Joe Biden announced steep tariff increases on an array of Chinese imports, citing unfair competitive practices. Duties on Chinese EVs were quadrupled to over 100%.
U.S. Trade Representative Katherine Tai later said that the United States is weighing tariffs on imports from Mexico.
In an interview with Reuters after the event, Li said the U.S. tariff hikes have no impact on BYD, which plans to build a plant in Mexico.
"We don't have plans to go to the U.S. market, so this announcement does not impact us at all," Li said.
"When we build a Mexican plant, we only consider the Mexican market and other countries' markets, we have not considered the U.S.," she added.
There is now a shortlist of potential sites for BYD's plant in Mexico, Li said, adding it will be centrally-located in the Latin American country.
A "deeper dialogue" was needed to make the final decision, Li said, which was expected to come by the end of the year.
The plant, which will have a capacity of 150,000 vehicles per year, will take two to three years to finish, Li added.
GROWING PRESENCE
The presence of Chinese automakers in Mexico has grown exponentially since 2017. One out of 10 cars sold in Mexico last year was from a Chinese automaker, with MG Motors, a unit of SAIC, dominating nearly half the market.
Reuters exclusively reported last month that Mexico's federal government, under pressure from the U.S. in keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production.
Li said BYD has not yet discussed incentives with Mexico's federal government, citing the busy period ahead of the country's elections in June. She did not share details on incentives BYD would be seeking from the federal government or individual states.
"I think all the states will try their best to give a best offer to attract us because we will be bringing a lot of technology there and create a lot of local jobs," Li said. "Every state, and even the central government, would love this kind of investment."
BYD's Shark will go head-to-head in Mexico with compact and medium-sized trucks such as the Toyota Tacoma and Ford Ranger. It is, however, costlier than most makes of both of the competing vehicles with a starting price of 899,980 pesos ($53,442.68) for the Shark GL and 969,800 pesos ($57,588.73) for the premium Shark GS.
The Shark can travel up to 100 km (62 miles) in EV mode before needing to be recharged, BYD said, and up to 840 km using both electric and combustion methods.
The pickup consumes 7.5 liters of fuel per 100 km (31.4 mpg) traveled, the brochure detailed.
($1 = 16.8401 Mexican pesos)
(Reporting by Cassandra Garrison; Writing by Kylie Madry; Editing by Anthony Esposito, Deepa Babington and Marguerita Choy)
Why Biden's quadrupled Chinese EV tariffs will have little immediate impact
The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China. Of which, there aren't many.
This model has boosted BYD's sales in Mexico. Sources close to the company confirmed that, in the first two months of the year, the company managed to sell 1,570 units, compared to the 1,123 units sold in all of 2023.
¿Cuántos autos ha vendido BYD en México? Estos son sus números de ventas
El gigante chino de los vehículos electricos llegó a México con una expectativa ambiciosa, pero ha tendo que hacer algunos ajustes en el camino.
expansion.mx
BYD, the Chinese electric vehicle giant, announced its entry into the Mexican market in November 2022, with the goal of selling 10,000 units in its first year of operations. However, despite initial expectations, sales of BYD's fully electric vehicles have been more muted than expected.
¿Cuántos autos ha vendido BYD en México? Estos son sus números de ventas
El gigante chino de los vehículos electricos llegó a México con una expectativa ambiciosa, pero ha tendo que hacer algunos ajustes en el camino.
expansion.mx
MiG-29SMT
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President Joe Biden on Tuesday directed the U.S. trade representative's office to impose a full tariff of more than 102% on Chinese electric vehicles, as well as new tariffs on other products, including steel, aluminum, microprocessors and solar cells.
Prior to this, the Chinese electric vehicle company BYD indicated that it was looking for manufacturing sites in Mexico for the Mexican market, creating a vacuum to avoid new tariffs.
www.informador.mx
The future of the automotive industry in North America, specifically the United States and Mexico, is at a crossroads due to threats of tariffs by Donald Trump.
And in an attempt to avoid import tariffs imposed by the United States on Chinese cars, Chinese automakers have considered the possibility of establishing plants in Mexico.
Given this situation, Donald Trump has made it clear that if he is re-elected as president of the United States, he will impose 100% tariffs on Chinese cars manufactured in Mexico.
In a recent interview, Trump addressed Chinese President Xi Jinping directly, expressing his discontent with the large auto factories that are coming to Mexico and seeking to establish plants with the possibility of these Chinese cars entering the United States without hiring American workers.
During his presidency, Trump already imposed 25% tariffs on Chinese cars. If he is elected again, he has promised to increase these tariffs to 50% for all products made in Mexico and up to 60% for products made in China.
The consequences for Mexico
These protectionist measures could have serious consequences for the Mexican automotive industry and could effectively nullify the North American Free Trade Agreement (NAFTA), also known as NAFTA, signed by the United States, Mexico and Canada in 1992.
This NAFTA has been one of the largest trade agreements in the world and has fostered economic growth and regional integration. In 2017, Trump began talks to replace NAFTA with a new agreement, the United States-Mexico-Canada Agreement (USMCA). This agreement was signed and entered into force in 2020, although with minor changes compared to NAFTA.
However, the imposition of such high tariffs by the United States on products manufactured in Mexico would jeopardize the stability and benefits of the USMCA.
Mexico is one of the United States' main trading partners, with billions of dollars in goods exchanged each year. If such high tariffs are implemented, they risk triggering a trade war that would negatively affect both economies.
The consequences for the United States
It is also important to note that the United States imports around half a trillion dollars in goods from both China and Mexico each year. These imports are vital to many American businesses and consumers, and tariffs could increase prices and affect the availability of products in the market.
Simply put, President Trump's threats of tariffs on Chinese cars made in Mexico represent a significant challenge to the auto industry in the country.
While concerns about trade and jobs are understandably important for any government, it is essential to find solutions that encourage economic growth and stability rather than imposing trade barriers.
us.as.com
Prior to this, the Chinese electric vehicle company BYD indicated that it was looking for manufacturing sites in Mexico for the Mexican market, creating a vacuum to avoid new tariffs.
Estados Unidos amenaza con más aranceles a autos eléctricos chinos si se producen en México
La medida fue anunciada este martes por el gobierno de Joe Biden
www.informador.mx
The future of the automotive industry in North America, specifically the United States and Mexico, is at a crossroads due to threats of tariffs by Donald Trump.
And in an attempt to avoid import tariffs imposed by the United States on Chinese cars, Chinese automakers have considered the possibility of establishing plants in Mexico.
Given this situation, Donald Trump has made it clear that if he is re-elected as president of the United States, he will impose 100% tariffs on Chinese cars manufactured in Mexico.
In a recent interview, Trump addressed Chinese President Xi Jinping directly, expressing his discontent with the large auto factories that are coming to Mexico and seeking to establish plants with the possibility of these Chinese cars entering the United States without hiring American workers.
During his presidency, Trump already imposed 25% tariffs on Chinese cars. If he is elected again, he has promised to increase these tariffs to 50% for all products made in Mexico and up to 60% for products made in China.
The consequences for Mexico
These protectionist measures could have serious consequences for the Mexican automotive industry and could effectively nullify the North American Free Trade Agreement (NAFTA), also known as NAFTA, signed by the United States, Mexico and Canada in 1992.
This NAFTA has been one of the largest trade agreements in the world and has fostered economic growth and regional integration. In 2017, Trump began talks to replace NAFTA with a new agreement, the United States-Mexico-Canada Agreement (USMCA). This agreement was signed and entered into force in 2020, although with minor changes compared to NAFTA.
However, the imposition of such high tariffs by the United States on products manufactured in Mexico would jeopardize the stability and benefits of the USMCA.
Mexico is one of the United States' main trading partners, with billions of dollars in goods exchanged each year. If such high tariffs are implemented, they risk triggering a trade war that would negatively affect both economies.
The consequences for the United States
It is also important to note that the United States imports around half a trillion dollars in goods from both China and Mexico each year. These imports are vital to many American businesses and consumers, and tariffs could increase prices and affect the availability of products in the market.
Simply put, President Trump's threats of tariffs on Chinese cars made in Mexico represent a significant challenge to the auto industry in the country.
While concerns about trade and jobs are understandably important for any government, it is essential to find solutions that encourage economic growth and stability rather than imposing trade barriers.
Autos chinos hechos en México serían bloqueados en Estados Unidos - Autos
Las amenazas de aranceles del presidente Trump a los autos chinos fabricados en México representan un desafío significativo para la industria
us.as.com
MiG-29SMT
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I want to be forever young
The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China.
New duties on EVs from companies like BYD, Geely, and NIO are set to quadruple in 2024, to 100% from 25% of the cost of the vehicle.
Why Biden's quadrupled Chinese EV tariffs will have little immediate impact
The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China. Of which, there aren't many.
SexyChineseLady
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We are watching an civilian aircraft industry being built out in front of eyes. This is like Airbus in 1981
ARJ-21, C919c C929, C939:
The C919 today is like A320 in 1981:
In June, 1981, at the Paris Air Show, Air France gave the A320 programme a huge boost by declaring its intention to buy 25 of the planned new aircraft, with an option on 25 more. Yet the A320 was not officially launched until March, 1984.
But even better, instead of 25 firm plus 25 options, the C919 has 300 firm orders from China's big three (China Easteen, Air China, China Southern) plus another commitments of 1200 from leasing firms and smaller airlines.
COMAC has just contracted AVIC to expand the production area in Pudong that would allow output of 150 per year:
ARJ-21, C919c C929, C939:
The C919 today is like A320 in 1981:
In June, 1981, at the Paris Air Show, Air France gave the A320 programme a huge boost by declaring its intention to buy 25 of the planned new aircraft, with an option on 25 more. Yet the A320 was not officially launched until March, 1984.
But even better, instead of 25 firm plus 25 options, the C919 has 300 firm orders from China's big three (China Easteen, Air China, China Southern) plus another commitments of 1200 from leasing firms and smaller airlines.
COMAC has just contracted AVIC to expand the production area in Pudong that would allow output of 150 per year:
rockdog
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MiG-29SMT
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China has become the world leader in the manufacture and purchase of electric vehicles. In 2022 it sold 6.8 million units in the country. To get an idea, the United States sold just under 800 thousand in the same year. Chinese manufacturing is also booming. More than half of all electric vehicles sold in the world are from Chinese brands. In addition, China has the world's largest charging network. It added 649,000 public chargers in 2022, accounting for more than 70% of all charger installations made in the world that same year. But despite these impressive numbers, we are talking about China. So you have to look beyond the numbers, because according to information from Bloomberg, at least 6 Chinese cities have seen something like car graveyards. In other words, several fields where thousands of nearly new electric vehicles have been abandoned among the weeds and garbage. This is reminiscent of the case also of the millions of bicycles that ended up abandoned in rivers and parking lots in 2018. So the questions are why are there thousands of nearly new electric cars abandoned in China? Why are so many electric vehicle manufacturers going out of business in that country? And why is it so common for resources to be wasted in this way in China?
China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
By Bloomberg News
17 de agosto de 2023, 19:00 GMT+9
Electric cars are piling up in European ports
Part of the problem is that Chinese manufacturers are unable to sell electric cars at the expected pace.
Electric cars are piling up in European ports
Part of the problem is that Chinese manufacturers are unable to sell electric cars at the expected pace.
STR/AFP/Getty Images
LondonCNN —
US President Joe Biden has quadrupled tariffs on electric vehicles from China to 100%, effectively sealing off one of the world’s biggest passenger car markets to the largest global producer of EVs.
“I’m determined that the future of electric vehicles will be made in America by union workers,” Biden said Tuesday. But the real battleground over EVs may lie far beyond US shores — in Europe.
The United States
E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
rockdog
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rockdog
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China has become the world leader in the manufacture and purchase of electric vehicles. In 2022 it sold 6.8 million units in the country. To get an idea, the United States sold just under 800 thousand in the same year. Chinese manufacturing is also booming. More than half of all electric vehicles sold in the world are from Chinese brands. In addition, China has the world's largest charging network. It added 649,000 public chargers in 2022, accounting for more than 70% of all charger installations made in the world that same year. But despite these impressive numbers, we are talking about China. So you have to look beyond the numbers, because according to information from Bloomberg, at least 6 Chinese cities have seen something like car graveyards. In other words, several fields where thousands of nearly new electric vehicles have been abandoned among the weeds and garbage. This is reminiscent of the case also of the millions of bicycles that ended up abandoned in rivers and parking lots in 2018. So the questions are why are there thousands of nearly new electric cars abandoned in China? Why are so many electric vehicle manufacturers going out of business in that country? And why is it so common for resources to be wasted in this way in China?
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China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
By Bloomberg News
17 de agosto de 2023, 19:00 GMT+9
Electric cars are piling up in European ports
Part of the problem is that Chinese manufacturers are unable to sell electric cars at the expected pace.
Shandong province in April 2024.
Electric cars are piling up in European ports
Part of the problem is that Chinese manufacturers are unable to sell electric cars at the expected pace.shippingwatch.com
STR/AFP/Getty Images
LondonCNN —
US President Joe Biden has quadrupled tariffs on electric vehicles from China to 100%, effectively sealing off one of the world’s biggest passenger car markets to the largest global producer of EVs.
“I’m determined that the future of electric vehicles will be made in America by union workers,” Biden said Tuesday. But the real battleground over EVs may lie far beyond US shores — in Europe.
The United States
E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.www.nytimes.com
