As forecast by the global Monetary Fund
China will become the world's largest economy in 2030.
Counting by purchasing power parity (PPP). The full GDP of China is expected to be 47.38 trillion USD (about PLN 191.12 trillion). The United States forecast predicts that in the same year 2030 their GDP will scope 33.96 trillion USD (about PLN 136.98 trillion). India's GDP in turn is expected to scope 22.20 trillion USD (about PLN 89.55 trillion).
Source: https://finance.yahoo.com
The fight against corruption continues
According to the Central Commission for the Control of Discipline of the Central Committee of the KPCh (chin. 中央纪律检查委员), the country's highest anti-corruption authority, in 2023 a evidence number of 45 highest officials (including ministers, deputy ministers, subsecretaries of state and those of key positions in crucial sectors) were released from their positions. This is the largest number of persons under anti-corruption investigation resulting in a deviation from the tasks and initiation of the prosecutor's investigation (Central Commission is an analogous body to the prosecution) since the start of the run against corruption launched in 2013. This is simply a 40% increase from 2022.
The rule of the Commission's action is that no 1 must feel impunity, no substance how advanced his position is in the organization or administrative hierarchy.
In the event of suspected corruption incriminating a associate of the NAP, the investigation shall be initiated by the Central Commission for the Control of Discipline of the Central Committee of the NAP, and after its completion the case and the file shall be forwarded to law enforcement (police, civilian prosecutors, courts). Last year's practice points to a fresh trend: investigators no longer adhere to the previously practiced unwritten rule that retired officials are outside the ellipse of inquiry. The Commission's investigations are so besides subject to cases of corruption before president Xi takes over. Retiring is no longer a way to avoid responsibility.
Corruption problems among KPC members have accumulated over the past 3 decades as a consequence of the fast economical improvement and the "loose" organization discipline. The interior and, in particular, the external situation in which China is located, makes efforts to mitigate the effects of human weaknesses intensified. The administration of president Xi does not intend to quit efforts to clear the Chinese authoritative apparatus of the weak and tempted people.
Since the start of the anti-corruption run (2013), positions have been dismissed and investigations have been carried out against 294 elder officials.
Recently, the Chinese defence minister Li Shangfu was among them. This is an extraordinary case in KPCh's history, which is considered an organization that avoids ambiguous situations. Meanwhile, Li was removed from the positions only six months after taking over the portfolio.
Source: https://new.qq.com
Marriage at a Later Age
has become common in China. Data collected in 2022 show that the percent of singles aged 25-29 in cities and towns was 56.9% and reached 20% between the ages of 30 and 34, with 30.7% among the city's 30-year-olds alone. For the 35-39 age group in cities, the percent of singles is 8.3%, of which 10.3% are 35 years old. On the another hand, the percent of free people in the country aged 25-29 is 47.4%, 20-34 years is 19.3%, 35-39 years is 9.4%.
Scientists believe that the subsequent formal unionisation of young Chinese is due to an expanding period of learning, resulting in an increasingly later entry into the labour marketplace and, consequently, self-reliance, the anticipation of obtaining creditworthiness, for example. And a home in China is simply a prerequisite for marriage.
Young people in China are more independent of their parents' will than early generations, and the cost of surviving is increasing. These 2 factors make young people make rational choices – put off marrying for later...
Source:
- https://baijiahao.baidu.com
- https://www.163.com
Taiwanese exports decreased
Last year by 9.8% year-on-year (year/year), imports decreased by 17.8% year/year. Taiwan's trade surplus last year amounted to USD 80.56 billion (increase by 56.9% y/y)
Information, communication, audio and visual products are the most crucial engine of Taiwanese exports. Continental China is the largest recipient of Taiwanese products. Their share of Taiwan exports in 2023 was 35.2%. In the same period, 17.6% of Taiwanese exports were exported to the United States.
Source:
- https://focustaiwan.tw
- https://www.taipeetimes.com
Taiwan abroad exchange reserves
in December 2023, they amounted to USD 570.6 billion (about PLN 2.31 trillion), which means an increase of 22.82% y/y. Taiwan has the world's 4th largest reserves after mainland China, Japan and Switzerland.
For imaging, in the same period, abroad exchange reserves:
- Hong Kong was $425.5 billion (about PLN 1.72 trillion),
- China USD 3,238 trillion (approx. PLN 13,096 trillion),
- Poland USD 162.8 billion (about PLN 658.470 billion).
Source:
- https://www.cbc.gov.tw
- https://www.hkma.gov.hk
- https://www.safe.gov.cn
- https://nbp.pl
In 2023
volume of RMB turnover on the Moscow stock exchange
have exceeded the value of transactions in US dollars. The yuan accounted for almost 42% of all abroad currency trade on the Moscow stock exchange, and the volume of that trade increased over 3 times a year. The USD share was 39.5%. China's bilateral trade with Russia in 2023 reached a evidence USD 240 billion (about PLN 971.18 billion), an increase of 26.3% compared to the erstwhile year.
Source: https://www.kommersant.rau
Elon Musk about China. erstwhile again...
Elon Musk in a telephone interview with CNBC stated that Chinese electrical car manufacturers are the most competitive in the planet and will surely be a large success abroad. Tesla besides faces intense competition from these companies. Musk stated that if there were no barriers to trade, ccwl and another loads for cars imported from China, most of the world's automobile companies would fall.
Last year, in an interview with the “Financial Times”, Elon Musk said that China would become a power in the world's automotive industry, 1 to be reckoned with. He felt it was unbelievable that people so far ignored China's vast achievements. He besides pointed out that professionalism in China, a immense number of hardworking and intelligent people, impressed him. He felt that possibly this was the origin of the ambivalent attitude of the Western people to China: people admire China and at the same time fear them.
On the another hand, during last June's visit to the Tesla gigafactory in Shanghai, Elon Musk announced to the planet that it was not only 1 of the most productive factories in the world, but besides that any of the best cars in the planet are leaving it.
Source:
- https://www.cnbc.com
- https://www.thepaper.cn
- https://www.reuters.com
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
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