PRC Economy - New Reflections : April 20 2015

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A_Gupta
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Re: PRC Economy - New Reflections : April 20 2015

Postby A_Gupta » 28 May 2019 17:50

One more of those China is cooking the books stories from Bloomberg.
https://www.bloomberg.com/opinion/artic ... tle-secret
China Has a Dirty $1 Trillion Stimulus Secret
Another economy-boosting infrastructure binge is afoot, but you won’t find it reflected in the fiscal deficit target.
China has stacked up almost 30 trillion yuan of LGFV debt, according to HSBC Holdings Plc, or roughly 30 percent of GDP. Once LGFV debt and special purpose bonds are accounted for, Beijing year after year is racking up a fiscal deficit in the neighborhood of 8 percent of GDP, more than twice the official figure, the bank estimates.

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Re: PRC Economy - New Reflections : April 20 2015

Postby ArjunPandit » 28 May 2019 23:23

Are you bored, want some fun for free...look no further than this

http://www.globaltimes.cn/content/1152120.shtml

An internet user with the pseudonym Moka, with more than 242,000 followers on Weibo, slammed FedEx China Thursday for confiscating chipset products delivered from a factory in the island of Taiwan to Huawei's office on the Chinese mainland.


funnier
An insider with close knowledge of the incidents told the Global Times on Tuesday that FedEx's behavior violates business cooperation principles and may also hurt its credibility.

funniest
"It's disgusting. An international express company is becoming a tool of the US government. It's surely a US firm," said the insider, who refused to be identified due to the sensitivity of the matter.

who said only chinese could joke

Later in the day, FedEx said on its official Sina Weibo account in response to the incident that "we value all of our customers who entrust more than 15 million packages a day with us."

"We regret that this isolated number of Huawei packages were inadvertently misrouted, and confirm that we were not requested by any external party to divert these packages which are in the process of being returned to the shippers," the company said.



It doesnt end here guys

"Errors only happened to Huawei among 15 million packages a day… interesting," commented a user.

"Isolated issue? All 4 packages were destined for Huawei. The FedEx business should be terminated in Asia," posted a user on Twitter.

"The package is from Japan to China, totally nothing to do with the US. Today they can divert Huawei's package. Tomorrow they can divert yours." tweeted another.



Shen Yi, head of Fudan University's Cyberspace Governance Research Institute, said that "the incident has left the Chinese public and firms with no choice but to suspect that FedEx is connected with US intelligence agencies."

Cyber space governance insti in china, we should also have Islamophobia prevention insti and democracy prevention isnti there...also pakistan can have world anti terror (Wat) insti there

Fang noted that the US private sector, government and even the military have formed a complex "to act jointly."

how can they, only we can do it

"In the modern world of globalization, this kind of complex, with a long-arm jurisdiction approach, is very destructive" for countries and companies around the globe "if the complex extended its approach beyond the territory of the US," Fang said.

Ok i need to smoke what fang is smoking, chola, UBji do you know that??

A_Gupta
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Re: PRC Economy - New Reflections : April 20 2015

Postby A_Gupta » 31 May 2019 23:13

https://www.theatlantic.com/internation ... le/589423/
The Migrant Workers Behind China’s Economic Miracle Are Miserable
Chinese workers who moved from the countryside to urban areas have found social mobility to be impossible.
China has freed more than 850 million people from absolute poverty in recent decades, a period in which the ruling Communist Party made a simple pledge to its population: Avoid interfering with the political order, and prosperity will be yours. This contract worked for China’s middle class, which grew from 29 million in the 1990s to some 531 million in 2013. In 2019, however, Beijing’s mission has become more complicated, and Liu’s story is typical of the 228 million migrants who work in China’s cities today. These workers, known as nongmingong, have seen their wealth increase, but their place in Chinese society is largely unclear. China’s cities are becoming more and more hostile to the people on whose backs they were built, and the nongmingong are not feeling the gains of the government’s promise.


Migrants also face a formidable set of institutional barriers in their attempts at success in the city. Chinese society is organized in a system of household registration known as hukou. If you are born in a rural area, it is usually impossible to change to an urban hukou regardless of how long you work in the city, a system that bars migrants from certain jobs and prevents access to health care and education for their children. It dates from pre-Communist China, but in the second half of the 20th century, it became so decisive in determining life opportunities that it has been compared to the caste system. A 2018 study in Baoding found that migrant workers who, in some cases, had lived in the city for decades had little emotional attachment to it, and their lack of security and happiness was central to this feeling. Researchers found that limitations on their hukou rights had determined much of their outlook on their lives.

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Re: PRC Economy - New Reflections : April 20 2015

Postby A_Gupta » 01 Jun 2019 21:04

One more of those:
https://www.cnbc.com/2019/05/28/falling ... cture.html
An under-the-radar way to measure economic growth in China is painting a bleak picture

Diesel demand in China fell 14% and 19% in March and April respectively, reaching levels not seen in a decade, according to data compiled by Wells Fargo.

China said in April its economy grew by 6.4% in the first quarter of 2019. However, global investors and economists have been skeptical of China’s official economic figures for years as they believe they overstate how much China’s economy is growing.

China apparent diesel demand 2006 to present
Source: Wells Fargo Securities, Bloomberg
Image

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Re: PRC Economy - New Reflections : April 20 2015

Postby A_Gupta » 02 Jun 2019 01:46

If true, a game-changer.
https://www.scmp.com/news/china/science ... eakthrough
China cracks cheap lithium production in electric car breakthrough
The production of lithium – an essential ingredient in batteries for electric cars – has become easier and significantly cheaper, thanks to a technological breakthrough, just as US concerns about China’s dominance in the supply chain are on the rise.
The cost of extracting the mineral has been slashed to a “record low” of 15,000 yuan (US$2,180) per tonne by the new process, a Chinese government report said.

That compares to an international price for lithium ranging from US$12,000 to US$20,000 per tonne – and a long-term contract price of about US$17,000 – over the past year, according to some industrial estimates.

The precise production costs of lithium are a closely guarded business secret, but industry insiders interviewed by the South China Morning Post agreed that the rate quoted in the report could be considered one of, if not the lowest, around.

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Re: PRC Economy - New Reflections : April 20 2015

Postby yensoy » 02 Jun 2019 09:39

New process = old process + government subsidy

chola
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Re: PRC Economy - New Reflections : April 20 2015

Postby chola » 02 Jun 2019 10:47

A_Gupta wrote:One more of those:
https://www.cnbc.com/2019/05/28/falling ... cture.html
An under-the-radar way to measure economic growth in China is painting a bleak picture

China apparent diesel demand 2006 to present
Source: Wells Fargo Securities, Bloomberg
Image


Trump is killing them. Let's hope they have the balls to continue fighting and weakening.

A full chini capitulation that allows them restart growth albeit with more Amreeki penetration and control of their market won't help us that much.

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Re: PRC Economy - New Reflections : April 20 2015

Postby Austin » 07 Jun 2019 11:11

China Has Lots of Policy Room if Trade War Worsens, PBOC Chief Says

https://www.bloomberg.com/news/articles ... -gang-says

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Re: PRC Economy - New Reflections : April 20 2015

Postby Austin » 11 Jun 2019 10:57

Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately

https://www.cnbc.com/2019/06/10/trump-i ... ately.html

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Re: PRC Economy - New Reflections : April 20 2015

Postby vimal » 11 Jun 2019 14:24

Austin wrote:Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately

https://www.cnbc.com/2019/06/10/trump-i ... ately.html


Wow! That's like saying "Xi is mah bitch" lol!

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Re: PRC Economy - New Reflections : April 20 2015

Postby Austin » 18 Jun 2019 11:25

Huawei says US ban will cost it $30 billion in lost sales over two years

https://edition.cnn.com/2019/06/17/tech ... index.html


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