Page 18 of 99
Re: PRC Economy News and Discussions-II
Posted: 18 Feb 2009 09:09
by Liu
Sagar wrote:In 2005 I traveled by train from Wuhan to Guangdong(Shenzhen). My Chinese interlocutor was curious about the state of trains in India. He was surprised when I mentioned to him that in India most trains of that distance that I was familiar with, were electric rather than the diesel that we were riding on. Also that even in second class compartments in India, the seats were cushioned!
Clearly, PRC and India need to talk to each other and urgently. And they should stop fighting other peoples battles.
frankly speadking, mainly influenced by the travel diaries and photoes of CHinese visitors to india,most chinese have a nagetive impression on India's infrastructures.
anyhow, such a misunderstanding can be clarified only by "talk" and "exchange of ideas"
Re: PRC Economy News and Discussions-II
Posted: 18 Feb 2009 09:44
by Liu
http://www.militaryphotos.net/forums/sh ... p?t=151825
ChineseCompanies to go on a European shopping trip
well, Chinese are going to place a order of 15 billion USD. But because of Sarkozy's meeting of Dalai, French company won't get a penny from the order.
Re: PRC Economy News and Discussions-II
Posted: 18 Feb 2009 10:40
by Raghav K
China’s ‘Soft-Power’ Strategy Threatened by Obama, Slow Growth
By Dune Lawrence
Feb. 17 (Bloomberg) -- U.S. Secretary of State Hillary Clinton has touted her approach to diplomacy as “smart power.” That’s nothing new for China, which has employed economic, political and cultural persuasion under President Hu Jintao to build its image as a responsible world leader.
Now China’s gains as a regional partner and potential counter to U.S. influence are threatened by a slowdown in growth that may reduce its economic clout. At the same time, President Barack Obama’s pledge to reverse Bush-era policies that diminished America’s authority creates added competition for China’s “soft power” -- a phrase coined by Harvard professor Joseph Nye.
The changes may expose China’s communist government to more scrutiny as the country’s leaders launch a reported 45 billion yuan ($6.6 billion) program to expand the reach and impact of its state-run media.
“If you want to promote something, you have to make sure the thing you’re promoting is acceptable to other countries,” says Zheng Yongnian, director of the East Asian Institute at National University of Singapore. “Soft power means other parties accept your values.”
http://www.bloomberg.com/apps/news?pid= ... refer=home
Re: PRC Economy News and Discussions-II
Posted: 18 Feb 2009 11:46
by sudarshan
There you go- this post amply illustrates the callous attitude of the average Chinese citizen (I assume that's what this Liu character is, but even otherwise, this is the kind of thinking that permeates the aam Chinese brain). Any thoughts or sympathy for the Tibetans, whose country China snatched away, and for the thousands of Tibetans living in exile in India? What exactly did the Dalai Lama do, other than try to get back his country for his people, through peaceful means? If it hadn't been for him, the Tibetan struggle would have been far more violent- so you Chinese have a lot to be grateful to this man for.
"You Frenchies met Dalai (notice- "Dalai," not even "the Dalai Lama,") so you don't get a penny." This kind of "might is right" attitude isn't going to win you guys many friends around the world, to put it mildly.
Sudarshan
Re: PRC Economy News and Discussions-II
Posted: 18 Feb 2009 13:14
by ArmenT
Here's wishing the Chinese luck in their shopping trip. Europeans are way more protectionist than Americans are (at least in the continent, especially the French). If there's a hint of a Chinese company trying to take over a large European company, you can bet they'll pull out every rule in the book to prevent the sale happening. It'll make the attempted Unocal purchase by China Oil seem like a walk in the park.
Re: PRC Economy News and Discussions-II
Posted: 18 Feb 2009 17:12
by Liu
sudarshan wrote:
There you go- this post amply illustrates the callous attitude of the average Chinese citizen (I assume that's what this Liu character is, but even otherwise, this is the kind of thinking that permeates the aam Chinese brain). Any thoughts or sympathy for the Tibetans, whose country China snatched away, and for the thousands of Tibetans living in exile in India? What exactly did the Dalai Lama do, other than try to get back his country for his people, through peaceful means? If it hadn't been for him, the Tibetan struggle would have been far more violent- so you Chinese have a lot to be grateful to this man for.
"You Frenchies met Dalai (notice- "Dalai," not even "the Dalai Lama,") so you don't get a penny." This kind of "might is right" attitude isn't going to win you guys many friends around the world, to put it mildly.
Sudarshan
1.as a monk or sholar, Dalai is a charmful and good gentleman.
but as a poltical leader, Dalai is a cunning , unreliable and even dangerous guy.
Obviously, He and fierce-advocating tibetan in exile are playing the game of "good cop,bad cop". Among the game, Dalai is the "good cop".
With the Acquiescence and even the bless from Dalai,those radical violence-advocators faned the riot in Tibet , killed so many the innocent and called on the "ethnic clean" in Tibet ,while Dalai pretended that he was against it ....how irony...
2.more violence? if the mob were to dare use violence, PLA would couterattack with much more violence. PLA is not a scarecrow,which has been proved in 1959.
well, it is a topic for economy.
If you want to keep on the "tibet issue", i would be glad to discuess it with you the the political forum.
Re: PRC Economy News and Discussions-II
Posted: 18 Feb 2009 21:11
by Raghav K
Sudarshan, I think Liu is right. Tibet for a Chini=Kashmir for Baki.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 07:05
by sudarshan
Raghav K wrote:
Sudarshan, I think Liu is right. Tibet for a Chini=Kashmir for Baki.
That's fine, I don't want to hijack this thread (not that I'll get away with it, in any case

). Just brought it up because I couldn't let that Dalai Lama remark pass. Also to point out- notice the reply from Liu. Not one mention of the central issue, viz., plight of Tibetans whom China has rendered practically homeless in their own country (and also exiled a few thousand). Keep the reply focused on the Dalai Lama and ignore the main point. Very clever, Liu.
Sudarshan
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 10:16
by Liu
The quoted are some interesting datas about the penentrating rate of household electroonics appliance in China.
In 2007,
In CHinese rurall ,every 100 households have 94.4 color TV sets,26.1 refrigerators,45.9 washing machines.
In Chinese urban, every 100 households have 137.8 color TV sets,95 refrigerators,96.8 washing machines,
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 10:34
by amit
Here's a
Reuters report on the Chinese unemployment problems:
"Hostile" forces stirring up China jobless
China must guard against "hostile forces" within and outside the country working to stir up trouble among its masses of newly unemployed workers, a senior trade union official said in comments published on Wednesday.
Sun Chunlan, vice-chairman of the state-backed All-China Federation of Trade Unions, said police taskforces had been "rushed" to all regions to "understand the situation with regional social stability," the Beijing News paraphrased him as saying during a teleconference with officials.
Authorities needed to guard against "hostile forces within and outside China using the difficulties of some enterprises to infiltrate and bring trouble to rural migrant workers," Sun said. He did not elaborate.
After enacting a landmark labour law last year giving greater protection to the country's 130 million migrant workers, labour rights groups have accused officials of turning a blind eye to violations amid economic hardship to help factory owners survive the financial crisis.
But about 20 million jobs alone have been lost in Guangdong province, southern China's manufacturing hub where a third of the country's exports are produced, an official from China's top planning agency said on Tuesday.
Just look at the numbers.
In Dongguan, one of China's largest factory belts in the Pearl River Delta, the labour market on the ground remained tight for many returning migrant workers.
A senior Guangdong police official on Tuesday warned of a "grim" public security outlook in the province bordering Hong Kong, warning that ranks of jobless workers could be "tempted by crime and become a factor of instability."
Police in neighbouring Fujian province shot two robbery suspects, killing one, after they resisted arrest and injured five policemen during a raid, Xinhua news agency said in a separate report.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 11:17
by Raghav K
sudarshan wrote:
That's fine, I don't want to hijack this thread (not that I'll get away with it, in any case

). Just brought it up because I couldn't let that Dalai Lama remark pass. Also to point out- notice the reply from Liu. Not one mention of the central issue, viz., plight of Tibetans whom China has rendered practically homeless in their own country (and also exiled a few thousand). Keep the reply focused on the Dalai Lama and ignore the main point. Very clever, Liu.
Sudarshan
Thats what I meant by chini mind=baki's madrasa.
I am sorry for digressing from the thread but one last point about this is a quote from Swami Vivekananda about the greatness of desh.
I am proud to belong to a NATION which has sheltered the persecuted and the refugees of all religions and all nations of the earth'. In this context, he cited an example, namely, that when the sacred temple of the Jews was demolished by the Romans, we Hindus gave shelter to the Jewish refugees and took care of them in India. In the third sentence, Swamiji said: 'I am proud to belong to a RELIGION which has sheltered and is still fostering the remnants of the grand Zoroastrian nation'. In these three consecutive sentences, Swami Vivekananda proclaimed his pride of belonging first 'to a religion', then second 'to a nation' and third again 'to a religion'.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 11:23
by amit
Also worth noting is that the old way of doing business, with China acting as the "Factory of the World" may become a thing of the past if Obama has his way with his stimulus package.
And the Chinese leadership is already starting to get worried. This
Reuters report about a Xinhua commentary betrays the fear and anger.
China's official Xinhua news agency slammed the "Buy American" requirement of the U.S. economic stimulus package, saying in a commentary that trade protectionism is a "poison" that will harm poor countries.
But countries such as China, India, Brazil and Russia, which are not members of an international government procurement agreement, would be shut out.
Xinhua cited the example of the Great Depression of the 1930s as showing that moves to protect domestic markets, and ensuing trade wars, could have only negative effects on the global economy.
"Trade protectionism will also cause catastrophic effects to some poor countries, making the current financial crisis one of a humanitarian crisis as well," it said.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 11:24
by Raghav K
Liu wrote:
The quoted are some interesting datas about the penentrating rate of household electroonics appliance in China.
In 2007,
In CHinese rurall ,every 100 households have 94.4 color TV sets,26.1 refrigerators,45.9 washing machines.
In Chinese urban, every 100 households have 137.8 color TV sets,95 refrigerators,96.8 washing machines,
Thank you for opening my eyes. So what is the barometer to measure a country's greatness?
1. Color TV's.
2. Refrigerators.
3. Washing machines.
How about Vacuum cleaners?

FYI, my chinese friend here mentioned to me that close to 50% chinese never brush their teeth

Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 11:33
by amit
Anurag Vishwanth's article in Business Standard is worth a read.
Growth versus democracy
But with shrinking external demand and declining exports, which registered the largest drop in a decade, the busy buzz has been replaced by a sense of uneasy calm. Official figures cite the closure of 670,000 factories, still others are scaling down production leading to massive lay-offs. This alone has led to almost 20 million migrants — a sixth of the total floating population of 120-140 million — losing their jobs. The actual figure is likely to be higher, some estimates place the number at 33 million unemployed migrants.
Add to this, the war of words with the United States — while former US Treasury Secretary suggested that China’s vast pool of savings had created the crisis, his successor Timothy Geithner triggered off a diplomatic row by indicating in writing to the US Senate Finance Commission that President Barack Obama believed that China was “manipulating” its currency, keeping the yuan artificially low to bolster exports.
The Communist Party has ‘legitimised’ its mandate to rule by delivering economic growth. But with this floundering, domestic woes are on the rise. Not only is China embattling with drought in its northern-central wheat-growing belt, but joblessness is also threatening its social stability. Party circulars have noted the rise in “mass incidents” i.e. rioting and protests in the countryside and the industrial belt that have taken place last year — the number of such “mass incidents” are reportedly on a par with the 87,000 cases reported in 2005.
For the Communist Party, the astounding economic performance has been the legitimising factor, therefore, the pressure to perform is enormous. More populism may be on the cards as China’s legislative body, the National People’s Congress, convenes in March.
And Anurag ends this article with an excellent paragraph:
While China will not collapse, its socialism is on the edge. As it marks the 60th year of its founding, it may well remind itself of the lesson of Tiananmen, 20 years ago. The trade-off between development vs accountability and transparency cannot continue indefinitely.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 11:40
by amit
I gotta rush off and so I'll end for now with a final post:
This commentary in a
Fairfax publication is also worth a read.
The party has managed to retain power while ditching ideology largely because it has made tens of millions of people wealthy and lifted hundreds of millions out of poverty.
But the party still controls the world's most formidable propaganda and internal security regimes. As it showed in 1989, it will not hesitate to use them at the expense of its reform and opening agenda. "I think the DNA of anyone who makes it to the heights of that regime is 'we have to maintain control'," Fred Teiwes, emeritus professor of Chinese politics at the University of Sydney, says. "We can try this experiment and that experiment but as soon as the dark clouds come on the horizon we have to crack down."
This bolded portion is important and that's why many folks think that if things get any worse the hardliners will takeover and stop all this experimentation - you can't have darker clouds than the present crisis. IMO.
Many Chinese reporters, activists and political watchers believe 2009 will be a year of tight restrictions on media, the internet and any kind of public gatherings. The party will enforce stability by making itself less accountable. It is going to be a tense and bumpy ride.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 12:43
by RayC
Sagar wrote:
In 2005 I traveled by train from Wuhan to Guangdong(Shenzhen). My Chinese interlocutor was curious about the state of trains in India. He was surprised when I mentioned to him that in India most trains of that distance that I was familiar with, were electric rather than the diesel that we were riding on. Also that even in second class compartments in India, the seats were cushioned!
And there is also the Air Conditioned three tier coaches too!
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 13:35
by Liu
Raghav K wrote:Liu wrote:
The quoted are some interesting datas about the penentrating rate of household electroonics appliance in China.
In 2007,
In CHinese rurall ,every 100 households have 94.4 color TV sets,26.1 refrigerators,45.9 washing machines.
In Chinese urban, every 100 households have 137.8 color TV sets,95 refrigerators,96.8 washing machines,
Thank you for opening my eyes. So what is the barometer to measure a country's greatness?
1. Color TV's.
2. Refrigerators.
3. Washing machines.
How about Vacuum cleaners?

FYI, my chinese friend here mentioned to me that close to 50% chinese never brush their teeth

well, what i refered just shows the gap of life quality between rural china and urban china.
you seem tooooo “hypersensitive" to those data.
BTW,just because the electronical appliance market in rural chinese households still have lots of potential,not a compaign of " Sending household electronical applainces to the Rural" is being launched in CHina.
According to the compaign, Chinese government gives every rural chinese household subsidies equal to the 17% of the price ,as long as rural chinese households buy color TV sets,washing machines,refrigerators,Personal computuer and air conditionors.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 14:17
by RayC
Liu wrote:
well, what i refered just shows the gap of life quality between rural china and urban china.
you seem tooooo “hypersensitive" to those data.
BTW,just because the electronical appliance market in rural chinese households still have lots of potential,not a compaign of " Sending household electronical applainces to the Rural" is being launched in CHina.
According to the compaign, Chinese government gives every rural chinese household subsidies equal to the 17% of the price ,as long as rural chinese households buy color TV sets,washing machines,refrigerators,Personal computuer and air conditionors.
I think it is an excellent idea so long as the economy can continue the subsidy without affecting the growth of the country.
A very progressive move.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 14:26
by Liu
RayC wrote:Liu wrote:
well, what i refered just shows the gap of life quality between rural china and urban china.
you seem tooooo “hypersensitive" to those data.
BTW,just because the electronical appliance market in rural chinese households still have lots of potential,not a compaign of " Sending household electronical applainces to the Rural" is being launched in CHina.
According to the compaign, Chinese government gives every rural chinese household subsidies equal to the 17% of the price ,as long as rural chinese households buy color TV sets,washing machines,refrigerators,Personal computuer and air conditionors.
I think it is an excellent idea so long as the economy can continue the subsidy without affecting the growth of the country.
A very progressive move.
Before the crisis, CHinese government also give exporting enterprises "
The export tax rebate" eqaul to 17% of export price.
Now, when export declined, CHinese government change "The export tax rebate" to "subsidies " to CHinese rural peasants.
such measures will not add the financial burden of CHinese gvernment.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 14:49
by Liu
RayC wrote:Sagar wrote:
In 2005 I traveled by train from Wuhan to Guangdong(Shenzhen). My Chinese interlocutor was curious about the state of trains in India. He was surprised when I mentioned to him that in India most trains of that distance that I was familiar with, were electric rather than the diesel that we were riding on. Also that even in second class compartments in India, the seats were cushioned!
And there is also the Air Conditioned three tier coaches too!
then congradutation for indian achievment!
Because Chinese tier 3 coaches has no AC yet,Indian railway should perform better than CHinese.
Here is the Tier3 coach in CHina,called "Green None-AC". Its nickname is " SCPW(special coach for peasant workers)",because most travllors on the "Green None-AC" are those peasant workers.

Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 15:17
by Nayak
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 15:27
by Liu
here is a crowded coach....which is often seen in busy time such as Chinese new year.

Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 15:43
by amit
Liu,
Since we are talking about Railways, I'm curious to know if it's possible to make reservations on China Rail online?
For example, if I'm not mistaken, it is possible to book a point to point ticket from any station in India to another on the Indian Railways network online from any part of the world (as long as you have an Internet connection).
Does the Chinese Railway system also a similar system?
Would be interested to know.
TIA
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 16:16
by RayC
The Chinese New Year traffic is indeed huge and therefore it surely cannot be taken as the average. There will be hassles and that is natural.
I wonder if there are low priced airlines in China which can take the overflow so as to relieve the pressure on the Chinese railways.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 20:03
by Liu
amit wrote:Liu,
Since we are talking about Railways, I'm curious to know if it's possible to make reservations on China Rail online?
For example, if I'm not mistaken, it is possible to book a point to point ticket from any station in India to another on the Indian Railways network online from any part of the world (as long as you have an Internet connection).
Does the Chinese Railway system also a similar system?
Would be interested to know.
TIA
In china, you have three ways to book or buy railway tickets.
1.buy or book tickets in railway stations,hotels or other ticket-selling outlets.
2,book ticket on internet.
3.book ticket by telephone call.
--------------------------------------------------------------
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 20:18
by Liu
RayC wrote:The Chinese New Year traffic is indeed huge and therefore it surely cannot be taken as the average. There will be hassles and that is natural.
I wonder if there are low priced airlines in China which can take the overflow so as to relieve the pressure on the Chinese railways.
low priced arline is not popular in China. at least I have never heard about it.
But during time except busy vacation, the airline tickets in China is not very expensive,compared with railway.
For example, My homecity is 1500 KM away from Beijing. During ordinary days ,one airline ticket from my homecity to Beijing costs only 600 RMB(90 USDs) while a “Hard Sleeper” from there to Beijing costs 400 RMBs(65 USD).
"Hard sleeper" is the tier 2 coach in China railway.here are some pictures of "Hard sleeper"

Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 20:36
by Liu
BTW,
1.the following coach is tier 3 coach in china,which is called " Hard seat". it has no sleeper and the travellors can not sleep,so such coach is only fit for short trip.
a.Some of "Hard seat" have AC ,like following.
b.some of "Hard Seat" have no AC,which nickname is "STPW(Special train for peasant worker,because such none-AC "hard seat" is cheapest and most of its travellors are "peasant worker".
2. "Tier 2 Coach" in China is called " Hard sleeper" ,showed in the precious post.
3. "Tier 1 coach" in China is called " Soft sleeper",showed as following pictures. the tickets of "soft sleepers" usually cost more than plane tickets.

Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 20:50
by RayC
Liu,
I believe the Tibetan Railway is a pressurised train so that none is affected by any High Altitude sickness. Is that correct?
Has the perma frost affected the Tibetan Railway operation?
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 21:06
by Liu
RayC wrote:Liu,
I believe the Tibetan Railway is a pressurised train so that none is affected by any High Altitude sickness. Is that correct?
Has the perma frost affected the Tibetan Railway operation?
1.the coachs on the Titetan railway are speically designed . they are sealed and keep air pressure cozy. Indeed non is affected by high altitude sickness in the coach...
2.perma frost had been considered before the project of tibetan railway was built.It has not afftected Tibetan railway operation yet.
In fact, CHinese engineers had spent decades to work out the solutions to solve the problem of "perma frost" and "frozen soil",before the railway was built.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 21:07
by RayC
Liu,
Thank you.
Please contribute in the Understanding the Chinese, with the social customs and the different people who are part of China.
Re: PRC Economy News and Discussions-II
Posted: 19 Feb 2009 21:22
by Liu
RayC wrote:Liu,
Thank you.
Please contribute in the Understanding the Chinese, with the social customs and the different people who are part of China.
with my pleasure, that is why I come here..
Re: PRC Economy News and Discussions-II
Posted: 20 Feb 2009 03:19
by Rishirishi
Liu wrote:RayC wrote:The Chinese New Year traffic is indeed huge and therefore it surely cannot be taken as the average. There will be hassles and that is natural.
I wonder if there are low priced airlines in China which can take the overflow so as to relieve the pressure on the Chinese railways.
low priced arline is not popular in China. at least I have never heard about it.
But during time except busy vacation, the airline tickets in China is not very expensive,compared with railway.
For example, My homecity is 1500 KM away from Beijing. During ordinary days ,one airline ticket from my homecity to Beijing costs only 600 RMB(90 USDs) while a “Hard Sleeper” from there to Beijing costs 400 RMBs(65 USD).
"
The Chinease airline system is highly controlled by the government/regional governments. If you book in advance you can get a price comparable to a LCC in India. But I still think airtravel is chaper in India. a 2 hour flight will cost anything between Rs 3500 to 7000 (rmb 500 to 1000). Comparable price in India would probably be Rs 2500 to 5000.
Re: PRC Economy News and Discussions-II
Posted: 20 Feb 2009 07:28
by Liu
Rishirishi wrote:Liu wrote:low priced arline is not popular in China. at least I have never heard about it.
But during time except busy vacation, the airline tickets in China is not very expensive,compared with railway.
For example, My homecity is 1500 KM away from Beijing. During ordinary days ,one airline ticket from my homecity to Beijing costs only 600 RMB(90 USDs) while a “Hard Sleeper” from there to Beijing costs 400 RMBs(65 USD).
"
The Chinease airline system is highly controlled by the government/regional governments. If you book in advance you can get a price comparable to a LCC in India. But I still think airtravel is chaper in India. a 2 hour flight will cost anything between Rs 3500 to 7000 (rmb 500 to 1000). Comparable price in India would probably be Rs 2500 to 5000.
yes.
you seem to have been to China, don't you?
flight from Guangzhou to Xian costs 700 RMB while the flight from Guangzhou to Hainan costs only 300 RMB,even cheaper than railway.
Re: PRC Economy News and Discussions-II
Posted: 20 Feb 2009 10:16
by Liu
"Four more Chinese provinces joined the club of ' Trillion RMB'"
Last year, four more Chinese provinces's GDP surpassed "1 trillion RMB"(140 billion USD). Now about 1/3 of chinese 31 provinces have joined the club of " trillion RMB ",if Taiwan, Hongkong and Makao are excluded.
The first Chinese province who joined the "trillion RBM" is Guangdong province. Guangdong province's GDP surpassed 1 trillion RMB in 2001. Guangdong's 2008 GDP is 3.5696 trillion RMB(about 0.52 trillion USD).
Re: PRC Economy News and Discussions-II
Posted: 20 Feb 2009 21:57
by vsudhir
Chinese Firms Turn to Pawn Shops as Loans Dry Up
Whats CNBC upto?
Obviously, there's some mistake here.
Didn't Xinhua recently report the PBoC's numbers on the surge in lending from Chinese banks to the business sector thanks to the stimulus? How can the CCP be wrong? And again the notorious western devils reported that most of that lending was crony-istic and was being channelled to fuel to the recent stock mkt surge....
Two things have driven the optimism about China, and they appear overblown. The first is the rise in lending. Michael Pettis reported that a lot of that was sham transactions created so that banks would meet government target. The second reason was that stock prices have rallied. Well, one analyst estimates a big chunk of the lending went into.....the stock market!
Link
Re: PRC Economy News and Discussions-II
Posted: 20 Feb 2009 22:03
by vsudhir
x-post
Chinese copper entrepreneurs flee DR Congo
More than 40 Chinese-run copper smelters are standing idle in the Democratic Republic of Congo after their owners fled the country without paying taxes or compensating staff at the end of the commodity boom, according to a governor.
Terrible.... I'm talking about the shady plot to besmirch the image of China's heroic entrepreneurs.....
Re: PRC Economy News and Discussions-II
Posted: 20 Feb 2009 22:25
by Raghav K
Liu wrote:
"Four more Chinese provinces joined the club of ' Trillion RMB'"
Last year, four more Chinese provinces's GDP surpassed "1 trillion RMB"(140 billion USD). Now about 1/3 of chinese 31 provinces have joined the club of " trillion RMB ",if Taiwan, Hongkong and Makao are excluded.
The first Chinese province who joined the "trillion RBM" is Guangdong province. Guangdong province's GDP surpassed 1 trillion RMB in 2001. Guangdong's 2008 GDP is 3.5696 trillion RMB(about 0.52 trillion USD).
thank you for the prgda.you should also start a new thread to teach us chinese and then after a few years we can come back and read your links.

Re: PRC Economy News and Discussions-II
Posted: 21 Feb 2009 00:47
by skbanner
Admins should limit posting of images from that skyscraper wanking site. Loo is basically replying to every question with umpteen images from Chinese infrastructure p0rn sites… This has got to stop!
Re: PRC Economy News and Discussions-II
Posted: 21 Feb 2009 05:23
by Raghav K
skbanner wrote:Admins should limit posting of images from that skyscraper wanking
site. Loo is basically replying to every question with umpteen images
from Chinese infrastructure p0rn sites… This has got to stop!
Please also be advised that my antivirus detected a worm on one of the website. Can never trust any of the Baki and Chinki websites.A while ago I remember BRfites mentioning one buki website posting a image after Butto's bombing and by clicking that image the virus would automatically download.

Re: PRC Economy News and Discussions-II
Posted: 21 Feb 2009 06:08
by skbanner
Raghav K wrote:skbanner wrote:Admins should limit posting of images from that skyscraper wanking
site. Loo is basically replying to every question with umpteen images
from Chinese infrastructure p0rn sites… This has got to stop!
Please also be advised that my antivirus detected a worm on one of the website. Can never trust any of the Baki and Chinki websites.A while ago I remember BRfites mentioning one buki website posting a image after Butto's bombing and by clicking that image the virus would automatically download.

Me too, Google Chrome warns about a malicious site. OSX Safari seems to be blissfully unaware. One more reason to ban linking from Cheeni sites. Admins?