Trade War Part 2 is about to start? or perhaps an attempt to distract from many problems facing the US.
He didn’t really drink the koolaid on the jobs number did he?
Trade War Part 2 is about to start? or perhaps an attempt to distract from many problems facing the US.
That was a very old photo-Beijing is Summer Hot while it looks like in the Fall of 1980s.China intends to reduce unemployment by relaxing rules against street vendors. I didn't know this rule existed! The thread is very interesting.
Do you know if it is only Beijing that is banning the stalls? I'm not sure if they contribute a lot to China's economy, but shouldn't they at least help the poorer population ride out the economic slowdown, thus reduce unemployment? Especially for the migrant workers. Or at the very least help return a sense of normalcy and encourage people to come out more?That street vendor story, the media made it sound like China's economy was so desperate that Beijing resorted to and needed them to restart the economy. Yesterday I read that the police were sent in to remove the street vendors. I thought Beijing was allowing them because the Chinese economy was so desperate... Today there's a story from Barron's that said it was a complete failure doing nothing for China's economy. After a few days something so important for China as they report it, they can tell if it's a failure or not? Take a look at how desperate for them to portray China failing as usual. Did they make the whole story up as setup so they can just spin a story to say China failed? Look at how they're handling coronavirus. That's how they'll be handling the economy and they know that too. They're not number one because they elevate themselves up. They're number one because they push everyone else down.
Do you know if it is only Beijing that is banning the stalls? I'm not sure if they contribute a lot to China's economy, but shouldn't they at least help the poorer population ride out the economic slowdown, thus reduce unemployment? Especially for the migrant workers. Or at the very least help return a sense of normalcy and encourage people to come out more?
I don't know why cars in China would be more expensive than in the West. Even "foreign" cars are made by joint ventures of the foreign automaker with a Chinese producer, usually a gargantuan SOE like SAIC Motors with vast economies of scale. That and "average Chinese income" is a useless statistic due to the huge difference between rural and urban incomes. The phenomenon of car ownership in China doesn't need a giant pool of uncounted income to explain, and I don't think that even if such a pool were to exist that rampant tax evasion is anything to celebrate.China is the largest car market in the world. How is China the largest car market in the world when the average family can't afford one? Why, because Chinese are making money in ways the government doesn't know about. Chinese have a longer capitalist spirit than ever in the history of the West. The Chinese know how to make money that the government can't track.
I don't know why cars in China would be more expensive than in the West. Even "foreign" cars are made by joint ventures of the foreign automaker with a Chinese producer, usually a gargantuan SOE like SAIC Motors with vast economies of scale. That and "average Chinese income" is a useless statistic due to the huge difference between rural and urban incomes. The phenomenon of car ownership in China doesn't need a giant pool of uncounted income to explain, and I don't think that even if such a pool were to exist that rampant tax evasion is anything to celebrate.