China: Facts, Events, Opinions (08/2023/260)

chiny24.com 2 years ago

China No. 1 in car production

China is the world's largest maker and at the same time the world's automotive marketplace has been continuously for 14 years. For 8 years this has besides been the case for NEV (New Energy Vehicles), i.e. electrical and hybrid cars. Last year, 27.021 million cars were manufactured in China and 26.864 million cars were sold. This represents an increase of 3.4% and 2.1% respectively. Chinese car exports over 3 million copies in the past year. There was an increase of 54.4% y/y.

In 2022 more than 5,365 million electrical cars were sold in China, an increase of 81.6% y/y. In the same period, 1,518 million hybrid cars were sold. 679,000 electrical cars were exported.

The largest producers of ‘electricians’ are:

BYD car Co., Ltd. (比亞迪股份有限公司),
ShangHai Automobile Group Co., Ltd. (上海汽车集团股份有限公司) and
Tesla Shanghai Co., Ltd. (特斯拉上海有限公司 ).

The Chinese car Manufacturers Association (中国汽车工业协会) predicts that in 2023 Chinese companies will produce and sale 9 million electrical cars.

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The largest private companies

The first 10 top Chinese private companies in 2022:

This is how the top of the most valuable Chinese private companies are presented according to the yearly study 《2022胡润中国500强》HunRun investigation (胡润研究院) – a British analytical and advisory company with office in Shanghai. The list of 500 companies closes Beijing AutoJing Home Information Technology Co., Ltd. (北京车之家信息技术有限公司) is simply a company that deals in the trade of cars, accessories and car parts on the network, which has been valued at 28 billion RMB (about PLN 18.11 billion).

The average age of companies on this list is 25 years. There are besides 5 with a past of over 100 years – all from Hong Kong. The most valuable Chinese companies have their office in Beijing, Shanghai, ShenZhen, HangZhou and Hong Kong.

The analysis of the list of 500 companies besides shows that:

– 176 are companies debuting in the ranking;

– companies included in the list employment more than 11 million employees in total;

– 88% are listed mainly in Shanghai, ShenZhen and Hong Kong and 27 companies are listed on American stock exchanges;

– the marketplace value of all 500 companies represents a 4th of national GDP and doubled in relation to the pre-Covid-19 period.

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The only nonsubjective is to increase

Most Chinese provinces anticipate local GDP to emergence at no little than 5% in 2023. provincial governments intend to accomplish this by investing in infrastructure, industry, expanding consumption and stabilising the economy.

The biggest increase is planned by provinces:

- HaiNan (海南) 9.5%,
- Tibet (西藏) 8%,
- JianXi ( ) and XinJiang (新疆) 7%,
- AnHui (安徽), NingXia (宁夏), Hunan (湖南), HuBei (湖北) 6.5%.

These provinces are not the most crucial drivers of the improvement of the Chinese economy. The provinces considered to be specified motorists forecast little ambitious growth in their local economies:

- Shanghai (上海) 5.5%,
- GuangDong (广东), ShanDong (山东), Zhejiang (浙江), JiangSu ( ) above 5%.

It is amazing that Beijing (北京) adopted a GDP growth plan of 4.5%. The neighbouring capital TianJin (天津) plans to increase GDP this year at no more than 4%.

Bank Goldman Sachs increased China's GDP growth forecast in 2023 from 5.2% to 5.5%.

Source:

http://services.shobserver.com/news/viewNewsDetail?id=573289

Housing interest

The average interest rate on housing loans in December 2022 was 4.26%. This is the lowest since 2008. This is besides intended to aid the real property marketplace to develop.

Source:

https://m.jiemian.com/article/8748347.html

The World’s Military Powers

American portal GlobalFirepower.Com published its latest Global Firepower Index. This comparison compared the military capabilities of 145 countries of the world, based on 50 criteria to find the ability of each of the countries surveyed to wage war on land, sea and air utilizing conventional means. The first 3 largest military powers in the planet are, according to the authors, the United States, Russia and China.

It is hard to accept the results of the ranking without reservation. He wonders not only about placing the Polish army in place of 20, but besides about Ukrainian army in place of 15 (there have been many changes in the last year, both in equipment and in the verification of combat capabilities in real conflict), but besides about placing the Chinese army in place of 3. surely the Chinese army has no possible for the American army, here the leader is indisputable, but you can argue whether in any aspect it is comparable to the American army. But do Chinese armed forces have little possible than Russian forces? The Chinese Army has far greater capabilities to conduct military operations at sea and on land, and possibly besides in the air than the Russian Army. It is besides hard to recognise the higher capabilities of the Russian army over Chinese, given developments in Ukraine. These prove the weaknesses of the Russian military forces.

The Army of the mediate State is larger in terms of the number of soldiers, has better equipment, more modern equipment (from mechanized troops, by rocket troops, to the Navy). He has no combat experience. And you better keep it that way.

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The largest debt ever

A consortium created by the 7 largest state banks:

- Industrial and Commercial Bank of China (中国工商银行),
- Agricultural Bank of China (中国农业银行),
- Bank of China (中国银行),
- China Construction Bank (中国建设银行),
- Bank of Communications (交通银行),
- China Minsheng Bank (中国民生银行),
- Export-Import Bank of China (中国进出口银行),
- Shanghai Pudong improvement Bank (上海浦东发展银行)

administration syndicated loan a private company ShangHai Fosun Hi-Tech Group Co., Ltd. (上海复星高科技集团有限公司). It is simply a company operating in many fields, including medicine, pharmacy, tourism, retail, fashion, gastronomy, as well as financial investments, mainly in the real property market.

The amount of credit, the largest debt to private companies in history, is RMB 12 billion (about PLN 7.65 billion). These measures will service the group to restructure its activities and make projects with the top potential. The loan, supported by the Shanghai authorities, is besides a concrete example of the private sector's support. As highlighted in the press release:

‘As Fosun is simply a typical company of the Chinese private sector rooted in Shanghai, it should be hoped that signing a credit agreement with a banking consortium will be an chance for the government, banks and businesses to make and strengthen the private economy together.It’s okay. ”

Source:

https://www.shobserver.com/staticsg/res/html/web/newsDetail.html?id=573415&sid=11

New year... fresh orders.

Shipbuilding Company Shanghai WaiGaoQiao Shipbuilding Co., Ltd. (上海外高桥造船有限公司) owned by China Shipbuilding Group Co., Ltd. (中国船舶集团贸易有限公司) received its first order in the fresh year, which is besides the first order that the Chinese shipbuilding manufacture received in 2023. The Italian shipowner ordered 5 ships to carry cars at Shanghai shipyard. Each car will be able to transport up to 9,000 cars.

Source:

https://www.shobserver.com/staticsg/res/html/web/newsDetail.html?id=573114&sid=11

Friendship without change and without borders

At the pre-Christmas press conference, China's MFA spokesperson Wang WeiBin (外交部) one more time stressed the importance of good Chinese-Russian relations. He stated that both countries achieved the best level of common relations in history. He pointed out that these relations had entered a fresh way of harmonious coexistence and common cooperation, bringing tangible benefits to both nations and playing an crucial constructive function in promoting the improvement of the global governance system. In the fresh year, China is ready to work with the Russian side to strengthen strategical communication, deepen applicable cooperation, contribute more to promoting democracy in global relations, build a more equitable and reasonable global order, a community for the future of humanity.

This is possibly the best press comment of reports on China's impatience with Russia's attitude and the global consequences of the conflict in Ukraine caused by Russia.

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