BYD no.1 in the sale of cars
BYD Motor Co. (chin. 比亚迪汽车股份有限公司) increased its advantage over Tesla in April in terms of the number of electrical cars sold (EV). BYD sold 120 000 "electricians" in April and Tesla sold 32 000 in the same period.
The differences are even more visible in terms of the period from January to April this year. At that time, BYD sold 382,000 EV cars (an increase of 31% year-on-year), while Tesla sold 164 1000 while recording a decrease in sales volume (in pieces) by 7.3% y/y.
Source:
Dial of yuan per microprocessor
China's Integrated Circuit manufacture Investment Fund, a state-owned institution tasked with supporting companies related to the production of integrated circuits in independency from the influence of abroad suppliers (especially from the United States), announced the launch of the 3rd phase of financing of the sector. As part of the 3rd phase, RMB 344 billion (about PLN 186.15 billion) was mobilised. The main investors of this phase are:
- Ministry of Finance (chin. 财政部),
- the largest national banks,
- large state companies and
- Local government funds invest the largest 10 cities.
China Integrated Circuit manufacture Investment Fund was established in 2014 as part of the national Made in China (chin. 中国制造) program, which aims to make China independent from global supply chains and make state-of-the-art technologies.
In the first phase of operation of the fund (2014-2019), funds of RMB 158,02 billion, or about PLN 86,41 billion, were launched. In the second phase (2019-2024) 216 billion RMB (about PLN 118.13 billion).
In February this year, under the same strategy (Made in China), the Shanghai government, its 2 investment companies and the Ministry of Finance formed a fund of RMB 195,7 billion (about PLN 107 billion), for financing the local integrated circuit industry.
In this way, within 10 years, the Chinese authorities allocated close to 1 trillion RMB (about PLN 546.85 billion) to the improvement of the home semiconductor industry.
Recent examples of fresh Huawei processors (smartphones Mate p 60 and Pura 70), resignation from cooperation with Qualcom, or the emergence of fresh Chinese memory bones rather clearly indicate that cutting off China from access to Western technology only accelerates the process of your mediate State independency from abroad suppliers. besides bad for those suppliers.
Source:
9.787 billion bank cards
As reported in the People's Bank of China study (chin. 中国人民银行) at the end of the year 2023 each resident of the mediate State owned 6,93 bank cards. There were a full of 9.787 billion active bank cards in the country at that time, an increase of 3.26% year-on-year. This figure included 9.02 billion debit cards (an increase of 3.92% year-on-year) and 767 million credit cards, which in turn means a decrease of 3.89% year-on-year.
Source:
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
