Eh, there are a lot of financial illiterate people. This is why the government should strictly regulate these things. You cannot expect every single person to know about financial stuff
Chinese Economics Thread
- Thread starter Norfolk
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Didi is fined 8.026 billion yuans for having illegally collected user data, endangered national security with "improper handling of user data", and tried to evade regulations, etc.
The company's chair of board/CEO Chen Wei and President Liu Qing are also fined 1 million yuans each for their share of liabilities.
The company's chair of board/CEO Chen Wei and President Liu Qing are also fined 1 million yuans each for their share of liabilities.
China attains bumper summer grain harvest, producing 147.4 billion kg grain
Bumper output contributes to economic stability, food security: experts
By GT Staff reporters Published: Jul 20, 2022 02:50 PM Updated: Jul 20, 2022 02:48 PM
A harvester shuttles through wheat fields in Qingzhou City, east China's Shandong Province, June 7, 2022. China has reaped summer grain harvest with a 1-percent year-on-year growth in total output, the country's statistics bureau said Thursday. (Photo: Xinhua)
China's summer grain output reached a record high in the first half of the year, which experts said has laid a solid foundation for a good yearly harvest and played a positive role in stabilizing China's economy and contributing to global food security.
China's summer grain output hit 294.8 billion jin (147.4 billion kilograms), a record high, an increase of 2.87 billion jin over the previous year, despite challenges like extended autumn flooding, the pandemic and rising costs, the Ministry of Agriculture and Rural Affairs (MOA) said on Wednesday.
Wheat production rose 2.57 billion jin to reach 271.5 billion jin. The increase of wheat output is a highlight of the country's agricultural sector, which has been contributing to economic and social development this year, Zeng Yande, an official with the MOA, said during a press conference on Wednesday.
And, soybean planting area has grown while the planting area for rapeseed totaled more than 100 million mu, with a record-high yield.
"The key to achieving a full-year harvest depends on coming autumn harvest, which accounts for 75 percent of annual grain production," Zeng noted, adding that this year's fall grain area is expected to exceed 1.3 billion mu.
Food security has become a global concern amid the pandemic and a string of geopolitical challenges, which affected global agricultural production and supply of agricultural products.
China's elevated grain output and near self-sufficiency is a boon for global food security, Jiao Shanwei, editor-in-chief of industry news website cngrain.com, told the Global Times on Wednesday, adding that some Western media hype about China hoarding grain and causing a shortage in grain supply is nonsense.
The Chinese people have held their own rice bowls firmly in their hands for a long time, experts say.
China had a bumper grain harvest in 2021, despite extreme weather and COVID-19. The nation's grain output was stable at over 1.3 trillion jin for seven consecutive years as of 2021 and the per capita grain supply hit 483 kilograms, higher than the internationally recognized safety line of 400 kilograms, according to the MOA.
"Based on its own domestic resources, China has successfully addressed the problem of feeding one-fifth of the world's population, which in itself is an important contribution to global food security," Zeng said.
While actively solving its own food problems, the Chinese government is contributing to safeguarding international food security.
At the 9th China-EU High-Level Economic and Trade Dialogue on Tuesday, both sides agreed to increase cooperation in the fields of global food and energy security, and jointly promote global economic and financial stability.
It is expected that there will be more opportunities for China and Europe to complement each other's advantages in grain trade, Jiao said.
"Europe mainly imports non-GM soybeans and cereals from China, and China mainly imports wheat and feed grain from Europe, so there may be more opportunities for enhancing cooperation," Jiao said.
In addition, both sides could carry out cooperation in third countries to help with global food security, Zhou Rong, a senior researcher at the Chongyang Institute for Financial Studies of Renmin University of China, told the Global Times on Wednesday.
"For example, China can carry out mutually beneficial cooperation with the EU through international organizations. The EU can provide farming technology while China has successful experience to adapt to developing countries," Zhou said.
Food cooperation between China and the EU is beneficial to all mankind and serves as an opportunity to boost China-EU economic and trade ties, Zhou said.
Since the outbreak of the pandemic, some countries have taken measures to restrict the export of food, which has had negative impact on global food security, Zeng said, noting that the Chinese government has responded vigorously and taken effective measures to ensure stable domestic food supply.
China actively fulfills its international responsibilities, helping the majority of developing countries improve agricultural production and food security through agricultural South-South cooperation, and multilateral and bilateral food aid programs.
Since the beginning of this year, China has provided more than 15,000 tons of emergency humanitarian food aid to developing countries in need, said Chinese State Councilor and Foreign Minister Wang Yi at the G20 foreign ministers' meeting on July 7, Beijing Daily reported.
China is the country that has donated the most funds and sent the largest number of experts to the Food and Agriculture Organization of the UN, focused on South-South cooperation, Zeng said.
"As both China and the US are major agricultural countries, they should play an active role in jointly maintaining global food security. Since last year, China and the US have had good interaction in the sector, with both sides communicating on cooperation to enhance food security," Zeng said.
PLA has been conducting war games in the area. From all the information we have, it looks like the war games are exercises simulating the invasion of Taiwan.
The length of the coastline from Rongcheng, Shandong to Lianyungang, Jiangsu is coincidentally about the same length as the western coastline of Taiwan facing the mainland.
Shandong is part of the Northern Theatre Command, but as has been pointed out in the PLA News thread, the PLA units seen in Rizhao, Shandong belong to the Eastern Theatre Command that faces Taiwan. Many of the vehicles seen in Rizhao have amphibious capability, e.g., ZBD-04's are capable of traveling 20km/h in water. The military vehicles were seen traveling from areas near the Yellow Sea coast of Rizhao toward the center of the city, in the direction of the train station.
So what was the Northern Theatre Command doing in this exercise with the Eastern TC troops landing on their turf? It appears they were playing the role of defenders.
Missile boats in the PLAN are obsolete left overs of an older era when the PLAN was a brown water navy with main concern of coastal defense against a much more powerful opponent. They are basically irrelevant to the blue water PLAN of today. However, coastal defense with missile boats/corvettes is the main focus and strategy of Taiwan's navy for defending against an invasion by the PLA as evidenced by Taiwan's acquisitions of large numbers of missile boats/corvettes in recent years.
Rockets/missiles fired into the sea are likely to be anti-ship ballistic missiles simulating attacks on US aircraft carriers in the event of US intervention during an invasion of Taiwan.
Putting all of the above together, it is pretty clear IMHO that war games simulating the invasion of Taiwan involving ETC, NTC, and PLARF just took place in that area.
Of course, to an anti-china redditor, a better alternate explanation would be the following:
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Tweet from chinese related official media is saying it's military exercise too