Chinese Economics Thread
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Hendrik_2000
Lieutenant General
That is an excellent
Munger: who would guess that China succeed
Jorno: What is their secret
Munger: They copied Singapore and they found Chinese leader outside China
They use saving from poor people I am huger admirer what China has done
Wow that is strong word
Hendrik_2000
Lieutenant General
Here is an excellent video about poverty alleviation program by CGTN It has segment on Minning. You see in this video many SOE get involve in poverty alleviation program. So they have social function and not only profit that is why their profit margin is low compare to private company
Fourteen cities in nine eastern Chinese provinces have paired with 14 underdeveloped cities and provinces in the central and western regions. Another 343 developed counties in the east and 573 poor counties in the west have also entered a partnership. Victory in the poverty alleviation campaign can be guaranteed by everyone working together.
Fourteen cities in nine eastern Chinese provinces have paired with 14 underdeveloped cities and provinces in the central and western regions. Another 343 developed counties in the east and 573 poor counties in the west have also entered a partnership. Victory in the poverty alleviation campaign can be guaranteed by everyone working together.
antiterror13
Brigadier
The BIG difference is that the US govt debt is in US$, while other countries also mainly in US$, not their own currency, except perhaps Japan and somewhat China. So technically the US govt could just print the $, while other countries couldn't print the US$
But but, think of the LAndLordS, think about the bIG comPaNIeS, how could they ever recover back their investment.
Property prices should absolutely go down. And if any bank or local gov depends on infinite house price increases then their financial system/model is broken.
Houses are for common people to find a place to live not for investment.
Yes, it sounds a bit suspicious when the article quotes someone from Tianjin who’s paying two mortgages simultaneously complaining about declining property prices.
The BIG difference is that the US govt debt is in US$, while other countries also mainly in US$, not their own currency, except perhaps Japan and somewhat China. So technically the US govt could just print the $, while other countries couldn't print the US$
Seriously, Chinese government debts are predominantly internal debts (rmb denominated). Why does this "somewhat" come from?
Wow. Did Xi just gave a call to Tenscent's CEO to start making real innovation or he will shut them down? Lmao.
I mean look at these numbers, this is such a dramatic increase, there is no way it is solely market forces. Not.complaining though lol.
Now the rest of the industry better follow up or...