Exclusive: Baidu placed AI chip order from Huawei in shift away from Nvidia -sources
BEIJING/SHANGHAI, Nov 7 (Reuters) - Baidu (9888.HK) ordered artificial intelligence chips from Huawei (HWT.UL) this year, two people familiar with the matter said, adding to signs that U.S. pressure is prompting Chinese acceptance of the firm's products as an alternative to Nvidia's.
China is succeeding at building indigenous manufacturing. Autos, electronics, and pharma are areas for further gains. Japanese and US firms are losing in electronics and German firms in autos.
But Xi Jinping says its not finished yet. China wants to be number one in all aspects by 2050. and wants everybody to love it, admire it, appreciate it and see the full rejuvenation of China. They call it the China dream.
10 years target to eradicate extreme poverty, become moderately prosperous country by 2020, done that already with excellent results. what more can u say?
Exports shrank 6.4% from a year earlier in October, customs data showed on Tuesday, faster than a 6.2% decline in September and worse than a 3.3% fall expected in a Reuters poll. Imports rose 3.0%, dashing forecasts for a 4.8% contraction and swinging from a 6.2% fall in September. Imports snapped 11 straight months of decline.
"The figures are in contrast to market expectations. The bad exports data may hit market confidence as we had expected the supply chain of exports to recover," said Zhou Hao, economist at Guotai Junan International.
UNEVEN RECOVERY The yuan and Chinese stocks fell following the data, which reinforced markets' continued concerns about a fragile and uneven recovery.
China's official purchasing managers' index last week showed both new export and import orders shrank for an eighth consecutive month in October, suggesting manufacturers are struggling for buyers overseas and ordering fewer components.
"Since the global electronics market is on the rise, as affirmed by South Korea and Vietnam's export performance, China's poor export data points to weak demand in other categories, such as Christmas goods and garments," said Xu Tianchen, senior economist at the Economist Intelligence Unit.
China's manufacturing activity unexpectedly contracted in October, data showed last week, complicating policymakers' efforts to revive growth.
"Measures of foreign orders hint at a more significant drop in foreign demand than what has so far been observed in the customs data," said Julian Evans-Pritchard, head of China Economics at Capital Economics.
"We expect most advanced economies to experience either mild recessions or weak GDP growth in the near-term, which will weigh on their demand for foreign goods."
One year after MCO the export still dropped so much, next year probably even worse.
China’s exports to Southeast Asia and the European Union fell by double digits in October, according to CNBC calculations of official data. Exports to the U.S. dropped by more than 8%, the analysis showed.
IMF upgrades China's 2023, 2024 GDP growth forecasts Author: Tan KW | Publish date: Tue, 7 Nov 2023, 4:35 PM
BEIJING The International Monetary Fund (IMF) on Tuesday upgraded its 2023 gross domestic product (GDP) growth forecast for China to 5.4% from 5%, citing a "strong" post-Covid-19 recovery...
World’s 20 Richest Countries by GDP (PPP) per Capita Published on October 30, 2023 at 2:12 pm by RAMISH CHEEMA in Economy, Lists, News
20. Commonwealth of Australia GDP Per Capita In 2023: $65,366 19. Kingdom of Belgium GDP Per Capita In 2023: $65,501 18. Kingdom of Sweden GDP Per Capita In 2023: $65,842 17. Federal Republic of Germany GDP Per Capita In 2023: $66,132 16. Principality of Andorra GDP Per Capita In 2023: $68,998 15. Republic of Austria GDP Per Capita In 2023: $69,502 14. Iceland GDP Per Capita In 2023: $69,779 13. Netherlands GDP Per Capita In 2023: $72,973 12. Republic of China (Taiwan) GDP Per Capita In 2023: $73,344 11. Kingdom of Denmark GDP Per Capita In 2023: $73,386 10. Brunei Darussalam GDP Per Capita In 2023: $75,583
9. Republic of San Marino GDP Per Capita In 2023: $78,926 8. United States of America GDP Per Capita In 2023: $80,035 7. Kingdom of Norway GDP Per Capita In 2023: $82,655 6. Swiss Confederation GDP Per Capita In 2023: $87,963 5. United Arab Emirates GDP Per Capita In 2023: $88,221 4. Republic of Ireland GDP Per Capita In 2023: $124,596 3. State of Qatar GDP Per Capita In 2023: $124,834 2. Grand Duchy of Luxembourg GDP Per Capita In 2023: $142,490 1. Singapore GDP Per Capita In 2023: $157,354
CCP very far behind, none of the above countries are communism. Those countries enjoy freedom of speaking and electing their leaders. Communism is totally failure political system such as collapsed USSR and North Korea. Communism power crazy dictator political system rubbish from Westerns.
CCP very far behind, none of the above countries are communism. Those countries enjoy freedom of speaking and electing their leaders. Communism is totally failure political system such as collapsed USSR and North Korea. Communism power crazy dictator political system rubbish from Westerns.
By comparison, local Chinese trapped in negative assets, bad debts, jobless, homeless due to unfinished units. Building white elephants projects without proper drainage systems and retention ponds could not generate revenues to achieve targeted GDP. The above top 20 countries did not build white elephant projects wasting resources.
over the coming years, growth rates in global south with China at its core will exceed those of G7. This will be led by spread of knowledge and technology and more fair and sustainable.
Evil Xi follow the foot step of Mao and abandoned the strategies from Deng, Jiang, Hu leading country to wrong direction.
70 years ago Mao blowed water wanted to exceed Westerns end up GDP per capital very far away and local chinese suffered from negative assets, bad debts, jobless, homeless due to unfinished units.
Haha 😂, all the countries below have a very small population compared to China which has the highest population in the world. Therefore after GDP divide by population = GDP per capita of China is very small lah. People usually see technological advances of nations in AI, robotic, blockchain technology, nanotechnology, microprocessor technology, quantum computers, scientific discovery, patents ownership, number of scientists per population, space technology, number of scientific research papers published are better predictors of a country progress lah, compare to monetary achievements with fiat currencies. Idqxxxx you faham or not??? I better call i3 lurker to schooling you lah Idqxxx.
Posted by IDQWE001 > Nov 7, 2023 7:24 PM | Report Abuse
World’s 20 Richest Countries by GDP (PPP) per Capita Published on October 30, 2023 at 2:12 pm by RAMISH CHEEMA in Economy, Lists, News
20. Commonwealth of Australia GDP Per Capita In 2023: $65,366 19. Kingdom of Belgium GDP Per Capita In 2023: $65,501 18. Kingdom of Sweden GDP Per Capita In 2023: $65,842 17. Federal Republic of Germany GDP Per Capita In 2023: $66,132 16. Principality of Andorra GDP Per Capita In 2023: $68,998 15. Republic of Austria GDP Per Capita In 2023: $69,502 14. Iceland GDP Per Capita In 2023: $69,779 13. Netherlands GDP Per Capita In 2023: $72,973 12. Republic of China (Taiwan) GDP Per Capita In 2023: $73,344 11. Kingdom of Denmark GDP Per Capita In 2023: $73,386 10. Brunei Darussalam GDP Per Capita In 2023: $75,583
IDQWE001 2474 posts Posted by IDQWE001 > Nov 7, 2023 7:29 PM | Report Abuse
9. Republic of San Marino GDP Per Capita In 2023: $78,926 8. United States of America GDP Per Capita In 2023: $80,035 7. Kingdom of Norway GDP Per Capita In 2023: $82,655 6. Swiss Confederation GDP Per Capita In 2023: $87,963 5. United Arab Emirates GDP Per Capita In 2023: $88,221 4. Republic of Ireland GDP Per Capita In 2023: $124,596 3. State of Qatar GDP Per Capita In 2023: $124,834 2. Grand Duchy of Luxembourg GDP Per Capita In 2023: $142,490 1. Singapore GDP Per Capita In 2023: $157,354
over the coming years, growth rates in global south with China at its core will exceed those of G7. This will be led by spread of knowledge and technology (AND BRI INFRASTRUTURE) and more fair and sustainable.
You see Brunei , Qatar , UAE, Luxembourg , Republic of San Marino and Iceland … got any scientific achievements or not??? No doubt Brunei , Qatar , UAE, Luxembourg , Republic of San Marino and Iceland are rich, so what!!! Can they defend their country ir not during war??? Don’t only judge a country based on GDP per capita lah.
Just a gentle reminder to local Chinese buddies this QQQ is merely a CCP propaganda machine means to brainwash Chinese outside China to unconsciously go align with CCP directive one day CCP may need your help to gain power outside China or/and to fight those who do not go align with CCP directive
Evil Xi follow the foot step of Mao and abandoned the strategies from Deng, Jiang, Hu leading country to wrong direction.
70 years ago Mao blowed water wanted to exceed Westerns end up GDP per capital very far away and local chinese suffered from negative assets, bad debts, jobless, homeless due to unfinished units.
Silly following the foot step of Mao, end up Cultural revolution version 2.
CCP very far behind, none of the above countries are communism. Those countries enjoy freedom of speaking and electing their leaders. Communism is totally failure political system such as collapsed USSR and North Korea. Communism power crazy dictator political system rubbish from Westerns.
No matter how big or small is the country, leader with Silly Xi and Mao would bring the country to wrong direction.
Just a gentle reminder to local Chinese buddies this QQQ is merely a CCP propaganda machine means to brainwash Chinese outside China to unconsciously go align with CCP directive one day CCP may need your help to gain power outside China or/and to fight those who do not go align with CCP directive
He is a outside agent claimed to be permanent CCP member.
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
Most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Westerns.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
i3lurker
14,420 posts
Posted by i3lurker > 2023-11-07 17:27 | Report Abuse
Communism?
Thats what Chou En Lai got from Paris. Came back and brainwashed everybody.
5,000 years of China History dun have Communism.