Making energy cheap and affordable to the people instead of raking in huge profit for shareholders = economic depression and collapse for neoliberal cucks.
Chinese Economics Thread
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Making energy cheap and affordable to the people instead of raking in huge profit for shareholders = economic depression and collapse for neoliberal cucks.
Clearly again this year the tools used can't raise the inflation to the level set up by government. Idk why no one has two functioning brain cells that the easiest way to combat deflation is to raise the minimum wage, and raise it high. Right now the minimum wage in a lot of places in China is below market clearing wage.
We see increases in some provinces like 100-200 rmb (a joke) . In some not increases at all. Shanghai minimum wage is RMB 2,690, what the fuck is that? It should be raised by 2000 RMB in big cities and 1000 RMB in small to even have an impact on some lowest paying jobs.
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The CPI reduction was mainly driven by cheaper energy prices, which decreased 0.6% YoY. Core CPI (excluding food and energy) expanded by 0.6%, which was faster than April's 0.5% increase. Cheaper energy is just an unalloyed good, so there's nothing to complain about besides core CPI still being below target.
massive plan for digging canal. This should employ alot of unemployed.
When finished. Guanzhou ship to beijing through canal is possible.
western region , ships can transport stuffs to beihai gulf in guangxi through pinglu canal. They dont have to transport to the eastern coast first.
ship transport is cheapest (ship, rail line, truck, air)
basically, major rivers will be connected with canals throughout china.
In event of war it also provides safe high volume transport deep within China.
This one should buffer alot of unemployed in light of current trade war.
Also in the pipeline is the motto dam, the biggest on earth.
Waiting for western route water diversion and tibet water to xinjiang.
Can the new canals accomodate wide vessels like this in douyin video?
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