Chinese Economics Thread


PeoplesPoster

Junior Member
Fosun invested in BioNtech and received 1.58 million shares of BioNtech. In addition, Fosun would have the exclusive rights of BioNtech vaccines in China. BioNtech granted Pfizer the exclusive rights of all other regions of its mRNA vaccines.

Fosun would conduct trials for BNT162b1 version of BioNtech covid vaccine in China but BNT162b2 which trials was conducted by Pfizer has a better safety results. Consequently, Fosun abandoned BNT162b1 and switched to BNT162b2. As a result, Fosun was forced to conduct BNT162b2 trials in China all over again for the clinical trial 1&2 phases.
Fosun has exclusive rights to not just China but Greater China, which was why Taiwan was complaining earlier about China “politically influencing” BioNtech to not directly sell them the vaccine.
 

ILikeChina

Junior Member
Registered Member
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I agree, give more days free or don't take free Sundays and sometimes Saturdays from Chinese workers and delete this holiday. This stupid system not only makes it more complicated to travel because all people have free at the same time, and instead of going somewhere on a normal weekend they go on holidays and everything is too crowded. But also people are tired of working non-stop for two weeks or more.
 

AntiDK

New Member
Registered Member

From video description:
Undoubtedly, China has become one of the great superpowers of the world. There is no industry left in which China hasn’t made its mark yet. In this video we answer the following:
1) Will China’s Yuan replace the US dollar?
2) Is the US global financial hegemony coming to an end?
3) What strategies China is doing to market its digital currency?
4) How this may impact you?

One thing is sure: China is marketing to the rest of the world to move into their new social currency to dethrone the US dollar. Surprisingly, this is all happening imminently over the next few months before the 2022 Olympics that will be hosted in China. Interesting times!!!

May 2, 2021.
 

Tyler

Junior Member
Registered Member

From video description:
Undoubtedly, China has become one of the great superpowers of the world. There is no industry left in which China hasn’t made its mark yet. In this video we answer the following:
1) Will China’s Yuan replace the US dollar?
2) Is the US global financial hegemony coming to an end?
3) What strategies China is doing to market its digital currency?
4) How this may impact you?

One thing is sure: China is marketing to the rest of the world to move into their new social currency to dethrone the US dollar. Surprisingly, this is all happening imminently over the next few months before the 2022 Olympics that will be hosted in China. Interesting times!!!

May 2, 2021.
How do you use the digital RMB? Is there any app to download?
 

hkbc

Junior Member

This story does the rounds every year, a favourite of the Gold 'Bulls' and Russia which likes to use it to pressure the dollar. Yes China has literally tons of gold but only a shade under 2000 tons in the PBOC's vaults, if you go to India, there's lots of gold in circulation too but not that much in the Central Bank's vault.

here's a small clue imagine what 0.5 billion wedding rings weighs!
 

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