Chinese Economics Thread

now I read
Brokers promise big money in helping finance private firms
Xinhua| 2018-11-24 23:08:21
Please, Log in or Register to view URLs content!

Chinese brokerages have stepped up launching asset management products to help finance private companies and promised to invest their own money in the fundraising plans.

As of Friday, 26 securities companies including Everbright Securities and Dongxing Securities had pledged to offer a collective 44 billion yuan (6.35 billion U.S. dollars), the Securities Association of China (SAC) said in an online statement.

The SAC said 15 of them had signed agreements to set up 17 asset management products, including one subsidiary product, and contribute more than 31 billion yuan collectively.

Some had finished their initial funding rounds to help ease the cash crunch of private businesses, according to the SAC.

The group initiated the program nearly a month ago as a plunging stock market posed threats to firms that pledged their shares as collateral to borrow money.

The program is designed to provide liquidity aid to promising firms, support high-quality growth of the private sector and better serve the real economy, with the goal of drawing more than 100 billion yuan of funds from banks, insurance companies, state firms and governments.
 

Anlsvrthng

Captain
Registered Member
I'm sorry, but you were very confident and invested in the idea that a structure where the masses rule themselves is superior to one where they are governed by a ruling elite
......
You made the claim that the self-ruled masses are more efficient and have double the performance of a society governed by an elite few. You cannot find proof or even supporting evidence. You are wrong. Nobody else has any issues, just you.
Step back a bit , and thing about the difference between the central planning economy model and the "capitalist " one .

In the central planning there is a "genius" or a group of them that telling to everyone what to do, like in a Soviet style company.
Now, in the capitalist model only the general rules are set, everyone will do the job by his best knowledge, within the rules , without any central command authority .
However this system needs a working ,decentralised legal and police system, and many other institutions that very hard to copy.


Interestingly, a typical successful company works closer to the "capitalist " model than to the central command model.

The same model works for companies as well, and by going thought different organisations each of them has different balance between the Valve corporation like "no free " and the "military unit " like organisation.


Anyway, the rule based system works within the politics as well, if you graph Stalin,Woodrow Wilson , Gorbachev, George Bush , Nixon and any random Swiss politician from the past 160 years on a scale, and check how deep economical damage they caused to the country that they lead then it will be quite obvious the connection between the freedom of leader to do whatever he/she wants and the potential damage that he/she can cause.

And it become quite obvious if the final decision about war and peace, international organisation, and every law that affecting the people rest in the hand of masses then the end result will be way better in medium / long term than in any other system.


Who knows, the successor of Putin will be maybe a Stalin like idiot, who willing to use all resources of the country to revenge a personal insult about his belly fat, or a Gorbachev like tree huger.
 

Yvrch

Junior Member
Registered Member
Whot? Whot? .. LoL ... Unabashedly pretentious load of ladida ..
this stuff is worthy of a full residency in a psychiatric ward somewhere .. forever ...
 

manqiangrexue

Brigadier
Step back a bit , and thing about the difference between the central planning economy model and the "capitalist " one .

In the central planning there is a "genius" or a group of them that telling to everyone what to do, like in a Soviet style company.
Now, in the capitalist model only the general rules are set, everyone will do the job by his best knowledge, within the rules , without any central command authority .
However this system needs a working ,decentralised legal and police system, and many other institutions that very hard to copy.


Interestingly, a typical successful company works closer to the "capitalist " model than to the central command model.

The same model works for companies as well, and by going thought different organisations each of them has different balance between the Valve corporation like "no free " and the "military unit " like organisation.


Anyway, the rule based system works within the politics as well, if you graph Stalin,Woodrow Wilson , Gorbachev, George Bush , Nixon and any random Swiss politician from the past 160 years on a scale, and check how deep economical damage they caused to the country that they lead then it will be quite obvious the connection between the freedom of leader to do whatever he/she wants and the potential damage that he/she can cause.

And it become quite obvious if the final decision about war and peace, international organisation, and every law that affecting the people rest in the hand of masses then the end result will be way better in medium / long term than in any other system.


Who knows, the successor of Putin will be maybe a Stalin like idiot, who willing to use all resources of the country to revenge a personal insult about his belly fat, or a Gorbachev like tree huger.
No, YOU step back. You never said "capitalist." You said a system where the elite have very little or no power and the masses decide everything for themselves. Now, you are changing to capitalism, which is you moving the goalpost in a HUGE way. Capitalism is a form of government where the rich elite rule over the masses; it is completely NOT the system you were arguing for prior. Nobody would argue with you that capitalism didn't work for companies or countries. I challenged you to find one government or even company that followed your style and you stumbling all over yourself with incoherent rants before finally trying Valve, but failed, because they don't do what you thought they did. Now you want to say you were talking about capitalism?? LOL Would that have been so hard to find an example?

Sorry, but you ain't slick and your neck isn't getting out of this noose you fashioned for yourself. You're wrong and pretending to have said something else doesn't work when there's black and white words to record your history.
 

Yvrch

Junior Member
Registered Member
There's only one word to describe this : cringe.

Embarrassing, awkward, totally sanitized to feel any shame.
What a cringebag!
 

Tam

Brigadier
Registered Member
Interesting article on the percentage of Chinese senior citizens (over 60 years old) using online payment methods now standing around 5% from around 1%:
Please, Log in or Register to view URLs content!
.

Statistics on HIV in the PRC, cases from transmission via drug injection are down 44.5% and pregnancy transmission down 2.2% since 2012:
Please, Log in or Register to view URLs content!
.

Neat statistics from 1978 to 2017 during the opening up period:
Please, Log in or Register to view URLs content!
.

Chengdu, Fujian Province's coastal city of Xiamen, Shandong Province's coastal city of Qingdao, Hubei Province's capital city of Wuhan, and Yunnan Province's capital city of Kunming will implement a 144 hour free visa period from 72 hours now. To be implemented on New Year's Day:
Please, Log in or Register to view URLs content!
.


Online or mobile payment systems are revolutionizing the Chinese economy in a way that wasn't envisioned before.

In order to pay for online or mobile, you need a formal bank account. This means you have to take out the money you are saving and hiding under the mattresses into the banking system, resulting having China's massive black market economy, as well as hidden savings, back into the formal economy.
 
Antagonism is ingrained on this one and he/she finds delight in masochistic humiliation. Totally useless for intelligent discourse except to provide pleasure for sadist among us in this forum.
 

manqiangrexue

Brigadier
Antagonism is ingrained on this one and he/she finds delight in masochistic humiliation. Totally useless for intelligent discourse except to provide pleasure for sadist among us in this forum.
Let's not get too crazy with that; it's starting to sound a little... off...
 
Last edited:
now I read
China to set up evaluation system to better business climate
Xinhua| 2018-11-29 01:27:49
Please, Log in or Register to view URLs content!

Premier Li Keqiang heard work reports on improving China's business environment to align with advanced international standards at the State Council executive meeting on Wednesday. It was decided at the meeting that China will carry out evaluation of its business climate by measuring it against international standards.

The Chinese government places high importance on deepening the reform of government functions and enhancing the business environment. Premier Li Keqiang pointed out that the business environment is like the soil nourishing corporate development and reflects market competitiveness. It is hence crucial to foster a world-class business environment that is market-driven, law-based and up to international standards.

The government's relentless efforts in recent years to streamline administration, enhance compliance oversight and provide better services have brought notable improvement in China's business climate. The World Bank's recent report of Doing Business 2019 ranked China number 46, up by 32 spots from 2017.

"With continued reform of government functions, our business environment has visibly improved in recent years, and its global ranking has continuously moved up," Li said, "As many as 18,000 new market entities are now registered on an average day, up from several thousand a few years back. This would not be possible without an enabling business climate. "

The Wednesday meeting stressed the importance of bettering the business environment for promoting high-quality development. Efforts will be made to better align with advanced international standards, tackle areas of major weakness and vigorously pursue reform and opening-up.

"To foster a more enabling business environment, the primary task is to widen market access, and secondly to properly exercise supervision and oversight," Li said, " The government should leave no regulatory gaps and conduct even-handed oversight, abolish any arbitrary practices in fee collection or inspection, avoid unwarranted interference in business operations and continuously narrow the gap with world-class business environments."

"Based on the concerns expressed by market entities, we should apply international standards in the context of China's marketplace to truly reflect the actual conditions on the ground." he said.

The meeting agreed to set up a system for evaluating the business environment in China that is comparable internationally, aligned with World Bank standards and reflects Chinese features. The assessing criteria shall cover areas of immediate concern to market entities, such as ease of opening a business, construction licensing, access to electricity and credit, paying taxes, filing for bankruptcy, and the protection of intellectual property rights.

The evaluation will be carried out across the country in due course. Local authorities and departments will be encouraged to come up with more solid measures for bettering the business climate. The aim is to deliver tangible benefits to enterprises and maintain China's status as a popular destination for investment from home and abroad.

"Countries around the world are working to upgrade their business environment, as this is crucial for attracting investment, boosting market vitality and stimulating public creativity," Li said, "Our efforts so far still fall short in some respects. We must make sustained efforts to enhance our business climate as an important means for managing the complex external environment and promoting high-quality development."

The meeting urged faster extension nationwide of practices proven effective at local levels in facilitating business operations. In particular, efforts in cutting reviewing requirements, simplifying permitting procedures and lowering costs must be intensified. Enterprises will be supported in participating in the policy-making process related to the business environment and channels of communication between business and government will be smoothed to make government policies better targeted and more effective, and foster a business environment that is market-driven, law-based and up to international standards.

"Improving the business environment is a comprehensive endeavor with great significance," Li said, "Our successful practices so far, especially in the free trade zones, must be fully drawn upon to help us develop a full-fledged and sound evaluation system. A more enabling business climate will generate sustained impetus for the development of market entities."
 
Top