Demographics is destiny.

China 🇨🇳 has lost 40 million workers since 2020. And its population is forecast to be cut in half by 2100.

Short 🧵 below on hugely consequential demographic developments in China. (1/9)

Cc: @Noahpinion @ElbridgeColby @nfergus @PekingMike @balajis
2022 was the first year where Chinese 🇨🇳 deaths surpassed births (2/9)
Overall, Chinese population fell in 2022 for the first time ever and is forecast to halve by 2100 (3/9)
India 🇮🇳 overtook China 🇨🇳 as the world’s most populous nation in 2022 (4/9)
Incredibly, India 🇮🇳 is forecast by the UN to be twice the size of China 🇨🇳 by 2100 (5/9)
The US 🇺🇸 is also forecast by the UN to have a modestly expanding population reaching 394 million by 2100 (6/9)
Compared to economic competitors like India, China now has a much older population (7/9)
The consequences of the dramatic shifts in Chinese 🇨🇳 demographics have been discussed by writers such as Niall Ferguson (@nfergus) in the Bloomberg column below (8/9)

bloomberg.com/opinion/articl…
Finally, if you found this thread to be interesting and useful, consider following me! (9/9)

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More from @scienceisstrat1

Mar 2
India 🇮🇳 is dramatically underperforming peer nations in terms of manufacturing 🏭

(1/5)

Cc: @Noahpinion @balajis @tejeshwi_sharma @RMantri @wadhwa @azeem Image
With better policies, India 🇮🇳 could leverage its massive and youthful population which gives it a growing demographic advantage against China 🇨🇳

(2/5) Image
India 🇮🇳 has also become a global tech power, with a massive surge in connectivity 📱 that’s led to an internet user base of over 750 million and growing (3/5) ImageImage
Read 5 tweets
Feb 26
Vietnam 🇻🇳 is booming 💥

Since 2000, Vietnam’s GDP has grown faster than any Asian country bar China, averaging 6.2% per year.

🧵 below on the rise of a new Asian economic powerhouse (1/15)

Cc:@Noahpinion @ElbridgeColby @DavidBarboza2 @pstAsiatech @jacobhelberg @elonmusk
Vietnam 🇨🇳 is now an electronics export powerhouse.

In 2020 electronics made up 38% of Vietnam’s goods exports, up from 14% of a much smaller pie in 2010 (2/15)

Cc: @ryanl_hass @greg_ip @balajis @TrungTPhan

economist.com/asia/2022/09/2…
Vietnam 🇻🇳 became an export powerhouse in part by welcoming foreign companies (3/15)

economist.com/finance-and-ec…
Read 15 tweets
Feb 26
Intel went from complete domination of advanced semiconductor design & manufacturing to being far behind.

Short 🧵 below on Intel’s fall from tech grace (1/12)

Cc: @Noahpinion @erikbryn @amcafee @paulg @ElbridgeColby @gilbert @djrosent @crmiller1 @GerardAraud @pstAsiatech
Despite its dominance in the traditional GPU market, Intel missed almost every new massive semiconductor market opportunity.

❌ It missed out on mobile to ARM

❌ It missed out on the AI wave to Nvidia and AMD

❌ It never built a foundry business to compete with TSMC

(2/12)
ARM’s power efficient architecture has given its chips 99% share of the $25bn market for smartphone chips. More than 225 billion chips based on its designs have been shipped (3/12)

economist.com/business/2022/…
Read 12 tweets
Feb 24
Tesla was responsible for an incredible 65% of all EV 🚙 sales in the US 🇺🇸 in 2022.

Below a short 🧵 on Tesla, the state of the US EV and progress on clean energy more generally (1/17)

Cc: @elonmusk @FutureJurvetson @Noahpinion @JesseJenkins @dwallacewells @Jason
2022 was a breakthrough year for EV availability in the US market (2/17)
EV 🚙 adoption has been enhanced by incredible tech progress (3/17)

✅ The average range of newly launched EVs exceeded 265 miles in 2022

✅ Since 2019, average EV range increased 14% annually

✅ EV models announced for 2023 have an average range of 360 miles
Read 17 tweets
Feb 14
2023 is a comeback year for China’s 🇨🇳 economy

Below a short 🧵 exploring the implications of China’s return to economic normality (1/15)

Cc: @Noahpinion @PekingMike @pstAsiatech @ElbridgeColby Image
Anticipating China’s 🇨🇳 return to robust growth, foreign investors are piling back in to Chinese markets 📈

(2/15)

ft.com/content/d2ffd7… Image
After suffering steep multi-year losses, Chinese 🇨🇳 tech stocks are now up over 60% from their October 2022 lows 📈

(3/15)

ft.com/content/b7fe7b… Image
Read 15 tweets
Feb 7
It won’t be easy to dislodge China’s 🇨🇳 dominant position in the EV battery supply chain 🚙

Short 🧵 below on the state of the race to power the future of the auto industry (1/8)

Cc: @Noahpinion @ElbridgeColby @JesseJenkins @dwallacewells @PekingMike @nfergus @pstAsiatech
At present, China 🇨🇳 is the Saudi Arabia 🇸🇦 of batteries (2/8)

🔹 6 of top 10 companies are Chinese

🔹 Top 2 Chinese producers, CATL & BYD, control 50.7% of global market
China’s battery dominance is also supported by the explosive success of its EV industry and the demand-side stimulus that generates (3/8)
Read 8 tweets

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