Chinese are worse than US. These freaking blood suckers know India is the only country which has the potential to cross them and they will try every trick on the book to slow/stop India’s progress.
Indo - Chinese Diplomatic & Economic Relations : News, Updates, Discussions & Analysis.
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Fear,they are planning something for sure. Target will be either Taiwan or India. Logically speaking,it should be india because of the land connectivity. Are these Iranian drones are capable to travel over sea from China to Taiwan?
@randomradio @vstoljocky
@rajputlion
They are most likely for Taiwan as the max operating altitude of these drons is just about 4500m which is unfit for operations in Tibet or LAC.
Taiwan of course. Their main priority.
They lack the hardkill defences to counter such drones.
Though a threat, our forces are much more capable in neutralizing such drones. Don't worry.
Arunachal Pradesh: Satellite images show China build-up along Line of Actual Control
We are keeping a close watch on brazen aggression and deployment shown by Chinese army over the past one year in the Tawang sector, says defence ministry official
www.telegraphindia.com
Forget Ukraine, 400,000 troops on this key border could start WW3
The risk of a major war between these two governments with strong nationalist tendencies cannot be ruled out, writes Jonathan Saxty
We aren't prepared for this.
Chinese are aware of the fact that US will support India in case of war. So they will speak to US first before going to war with China. If they compromise of Indian side that means Taiwan will go to China and if they compromise of Taiwan side with some mutually beneficially deal then it means big war is coming for India.
China debates cooperation with India on lithium-ion batteries
AUTHOR : ANTARA GHOSAL SINGH
Published on Jul 16, 2024
AUTHOR : ANTARA GHOSAL SINGH
Published on Jul 16, 2024
India must take a closer look at China’s internal debates on the issue of China-India collaboration in strategic industries so that any possible cooperation in the future can be made truly win-win
A seemingly insignificant piece of news reported by Reuters on 24 June 2024 is creating waves in the Chinese internet. The report claims that an Indian battery maker, Amara Raja Energy and Mobility, has signed a licensing agreement with a unit of China-based Gotion High Tech Co to produce lithium-ion batteries in India.
South Asian Research Newsletter ( 南亚研究通讯), a Weibo account, run by Mao Keji, a prominent South Asia researcher, associated with China’s National Development and Reform Commission (NDRC) reported the development as Chinese battery giant Gotion High-Tech “transferring lithium-ion battery technology to Indian companies”. This sparked heated discussions in the Chinese internet, where public opinion bitterly opposed the move. The development seemed to have touched a raw nerve among many in China on the grounds that 1) lithium batteries, one of China's new three export pillars, are seen as typical representative of China’s industrial upgrading; thus, many want the government to strictly control the core technology and not let it get transferred to foreign countries, least of all to India; 2) the news of “technology transfer” has intensified concerns over "more industrial chains withdrawing from China”, under a perceived “US-Europe conspiracy against China”; 3) the Chinese strategic community has already been fuming over what is perceived as India’s particularly tough stance against Chinese investments in the past few years.
South Asian Research Newsletter ( 南亚研究通讯), a Weibo account,run by Mao Keji, a prominent South Asia researcher, associated with China’s National Development and Reform Commission reported the development as Chinese battery giant Gotion High-Tech “transferring lithium-ion battery technology to Indian companies”.
“I really can't support Gotion High Tech’s transfer of lithium battery technology to India…it is understandable to transfer some relatively backward and generation-gap production capacity to foreign countries in order to achieve the goal of industrial upgradation and capturing new foreign markets. For example, TSMC has built a chip foundry production line in the mainland with a technological gap of at least two generations, which not only helped it make a lot of money from the Chinese market, but also suppressed the development of local enterprises in the mainland. But what Gotion High Tech is doing is aiding an adversary,” posted a popular Weibo account (with 2,90,000 followers). Similar views were expressed by another Weibo user who argued, “Gotion High Tech’s transfer of lithium battery technology to India has far-reaching impacts. In the short term, the transfer of production capacity may help ease the competitive pressure on the relevant industry in China’s domestic market. However, in the long run, this will promote the rise of India's lithium battery industry and may increase international competitive pressure. This is nothing but cultivating competitors…If technology needs to be transferred, it should be to friendly countries such as Malaysia and Thailand. Why transfer it to India?”. Meanwhile, many others lamented that “the Indian market has become too attractive, just like the Chinese market to Europe and the United States in the 1990s,” so that “certain Chinese companies do not mind exchanging critical technology for the market.”
TSMC has built a chip foundry production line in the mainland with a technological gap of at least two generations, which not only helped it make a lot of money from the Chinese market, but also suppressed the development of local enterprises in the mainland.
An online outrage of such a scale was last seen when XCMG India, a Chinese heavy machinery manufacturer, celebrated its 2,000th excavator at its Indian factory and was trolled for “aiding the enemy” and “committing treason”. Interestingly, like last time, some pro-business voices once again came to the defence of the move. They contended that Chinese battery brands have a global market share of over 60 percent, and the country has already fully mastered various core technologies. It was argued that China need not “cry wolf" over regular technology licensing and transfer arrangements, otherwise, Chinese enterprises would not expand in the international market. As Chinese new energy enterprises strive to dodge severe domestic saturation and seek new growth points overseas, India, they pointed out, is the biggest prize to be won in the developing world. Its electric vehicle sales is expected to increase by 66 percent in 2024, and by 2030, electric vehicle sales will account for about 30 percent of India's auto sales. The huge market will inevitably generate strong demand for power batteries. If Chinese manufacturers do not occupy the market now and make money from technology sharing, Japanese and Korean manufacturers such as Panasonic and LG will eventually do the same.
An online outrage of such a scale was last seen when XCMG India, a Chinese heavy machinery manufacturer, celebrated its 2,000th excavator at its Indian factory and was trolled for “aiding the enemy” and “committing treason”.
Such cooperation, they reassured, is unlikely to cause any major harm to China's industrial security. “Can India build a complete industrial chain by getting a little technology transfer from Chinese manufacturers?”—those defending the development feels it cannot. The industry chain requires the support of multiple factors such as talent, technology, infrastructure, electricity, and industrial policies. It is difficult for India, under its present circumstances, to gather these factors in a short period of time. For instance, they point out, that Guoxuan High-tech had stablished a joint venture with the Tata Group as early as May 2019, which also included providing technical support to Indian partners. Five years later, India has not surpassed China in core power battery technology. Defenders of the move believe that China has little to worry about because “Made in India” batteries are unlikely to pose any substantial challenge to China's leadership in the relevant industry. Instead, they argue, India becoming a major producer and consumer of electric vehicles is beneficial for China. This is because, at present, the trend of the global automobile industry's transformation to new energy remains in flux. European and American markets that initially advocated for this industry are even showing signs of backing down. China is the “largest practitioner” in this space and has mastered various core technologies. If India also starts using electric vehicles in the future, it will surely provide a big push to the EV industry and will indirectly help China in outcompeting traditional car manufacturers in Europe, the United States, Japan and South Korea.
They admit that investing in India has its own risks, particularly the risk of on-site challenges like heightened government scrutiny, intervention etc. like those currently faced by Chinese mobile phone companies in India. However, in the face of a particularly adverse international environment, and rapid contraction of demand in its domestic market, Chinese enterprises have little option but to take greater risks and even make compromises in foreign markets, including in India—“If not, it will be another form of closing the country and not making any progress.”
India must take a closer look at China’s internal debates and discussions on the issue of China-India collaboration in strategic industries or the industries of the future, so that any possible cooperation in the future can be made truly win-win.
========================
Source: ORF
The Chinese Economy: Lies and Realities
A Communist Party of China (CPC) conclave is currently underway in Beijing. Although the event is not open to the public, the primary focus is clear: addressing the significant challenges facing the Chinese economy. These challenges include a property sector meltdown, overbuilt capacity, ballooning debt, especially among local governments, and a decline in foreign investment as Western nations diversify their supply chains and consumer goods imports. Official data released by China indicates a slowdown, prompting the CPC to convene and strategize solutions.
China produces a third of the world’s manufactured goods, so further overbuilding is futile. The housing sector, once a symbol of progress, now epitomizes the problem, with 80 to 90% of new buildings unoccupied, creating ghost towns. Local governments, key players in the housing boom, have accumulated around $12 trillion in debt. Combined with the central government’s $3 trillion debt, this situation is unsustainable.
Official Chinese statistics indicate economic issues, yet their accuracy is rarely questioned. These statistics are designed to present China favorably to the world, and even institutions like the IMF and World Bank rely on them without thorough verification. Local data is aggregated and released centrally, leaving little room for independent validation.
One reliable metric is Chinese exports, which cannot be easily manipulated due to the precise tracking of goods loaded onto ships and planes. However, internal economic data lacks such reliability, leading to estimates that the official Chinese GDP may be inflated by 20 to 30%.
Overcapacity and Market Challenges
In the last two years, China has built significant capacity for Electric Vehicles (EVs), aiming to dominate global markets with highly subsidized prices and abundant Lithium resources. However, import duties imposed by the US and Europe have thwarted this plan, and concerns about the quality and reliability of Chinese EVs, often based on reverse-engineered technology, persist.
This situation mirrors the housing sector's overcapacity and lack of market demand. Now, President Xi is pushing for dominance in Artificial Intelligence (AI), aiming to automate factories with robots and computers. However, this agenda is questionable, as high automation could eliminate jobs, contradicting the population's demand for employment. Consequently, this push for AI-driven automation may also struggle to succeed.
Where Does China Go from Here?
China's future under one-man rule, with Xi Jinping at the helm for life, is uncertain. While his word is law and has thus far maintained order, the long-term prospects are doubtful. China is embroiled in confrontations with nearly all its neighbors, and its aggressive military and naval expansions are proving costly. Projects like the Belt and Road Initiative, ongoing infrastructure overhauls resulting in underutilized roads and bridges, and highly expensive but underused bullet trains exemplify how surplus export cash is being spent.
The risks are manifold. If exports decline as importers diversify their sources, and if the quality of supply chain products deteriorates, factory activity will drop. Additionally, any conflict over Taiwan could devastate China's coastal export infrastructure, further jeopardizing its economic ambitions. China's rapid push to rival the West may ultimately lead to its downfall if these challenges are not addressed.
One last point worth mentioning is that today's China was developed with American support as a counterbalance to the Soviet Union/Russia over the past 30 years. This effort has ultimately failed, as China has now aligned itself with Russia. This demonstrates that in the global arena, there are no permanent enemies or friends, a principle that also applies to international business deals.
A Communist Party of China (CPC) conclave is currently underway in Beijing. Although the event is not open to the public, the primary focus is clear: addressing the significant challenges facing the Chinese economy. These challenges include a property sector meltdown, overbuilt capacity, ballooning debt, especially among local governments, and a decline in foreign investment as Western nations diversify their supply chains and consumer goods imports. Official data released by China indicates a slowdown, prompting the CPC to convene and strategize solutions.
China produces a third of the world’s manufactured goods, so further overbuilding is futile. The housing sector, once a symbol of progress, now epitomizes the problem, with 80 to 90% of new buildings unoccupied, creating ghost towns. Local governments, key players in the housing boom, have accumulated around $12 trillion in debt. Combined with the central government’s $3 trillion debt, this situation is unsustainable.
Official Chinese statistics indicate economic issues, yet their accuracy is rarely questioned. These statistics are designed to present China favorably to the world, and even institutions like the IMF and World Bank rely on them without thorough verification. Local data is aggregated and released centrally, leaving little room for independent validation.
One reliable metric is Chinese exports, which cannot be easily manipulated due to the precise tracking of goods loaded onto ships and planes. However, internal economic data lacks such reliability, leading to estimates that the official Chinese GDP may be inflated by 20 to 30%.
Overcapacity and Market Challenges
In the last two years, China has built significant capacity for Electric Vehicles (EVs), aiming to dominate global markets with highly subsidized prices and abundant Lithium resources. However, import duties imposed by the US and Europe have thwarted this plan, and concerns about the quality and reliability of Chinese EVs, often based on reverse-engineered technology, persist.
This situation mirrors the housing sector's overcapacity and lack of market demand. Now, President Xi is pushing for dominance in Artificial Intelligence (AI), aiming to automate factories with robots and computers. However, this agenda is questionable, as high automation could eliminate jobs, contradicting the population's demand for employment. Consequently, this push for AI-driven automation may also struggle to succeed.
Where Does China Go from Here?
China's future under one-man rule, with Xi Jinping at the helm for life, is uncertain. While his word is law and has thus far maintained order, the long-term prospects are doubtful. China is embroiled in confrontations with nearly all its neighbors, and its aggressive military and naval expansions are proving costly. Projects like the Belt and Road Initiative, ongoing infrastructure overhauls resulting in underutilized roads and bridges, and highly expensive but underused bullet trains exemplify how surplus export cash is being spent.
The risks are manifold. If exports decline as importers diversify their sources, and if the quality of supply chain products deteriorates, factory activity will drop. Additionally, any conflict over Taiwan could devastate China's coastal export infrastructure, further jeopardizing its economic ambitions. China's rapid push to rival the West may ultimately lead to its downfall if these challenges are not addressed.
One last point worth mentioning is that today's China was developed with American support as a counterbalance to the Soviet Union/Russia over the past 30 years. This effort has ultimately failed, as China has now aligned itself with Russia. This demonstrates that in the global arena, there are no permanent enemies or friends, a principle that also applies to international business deals.
https://www.hindustantimes.com/indi...lac-patrolling-agreement-101729793987554.html
Steno Shishir back with some juicy details on how India & China finally reached their agreement on the LAC
Steno Shishir back with some juicy details on how India & China finally reached their agreement on the LAC
That's because of bania mentality or rent seeking by our EXISTING business class or trading class to be more precise. We need a new breed of entrepreneurs & they're coming up viz Dixon , Amber etc .
Agreed. There's none as crooked & criminal minded as the Han . They'd put even our lot to shame.
Not sure about power but in order to set up an alternative electronic component eco system we need Chinese expertise not their investment in the light of CCP prohibiting such co operation with india.
Apparently this is the remit of Jaishankar who will thrash it out with Wang Yi. We have the upper hand here as the trade deficit is in China's favour . We can always tell them they have to open up their market to our goods & services . Alternatively we borrow a leaf from the CCP playbook & get Chinese cos to get into specific sectors ONLY thru the JV route where the Indian partner has the majority stake.
Modi is spending 1.1 lakh plus crores in infrastructure building this year which is ~ 13 billion USD & has been raising the costs every fiscal since the past few years but has yet to sign the MRFA deal or increase the defence outlay for CAPEX at all. In fact the past few budgets saw our defence budget fall by a few decimal points.
How the heck does China get veto rights over third-country sales of German equipment it produces under license?
