China Economy: News & Discussion

[srevster]

3.85 * 6.9 = 26.5 T yuan, where are you getting $75T yuan from?

 

[ym888]

What are you smoking?

it’s $3.85T not $75t

View attachment 196010

What kind of institution is this



The data I forwarded about digital payments in China came from the People's Bank of China, which is the most authoritative institution

 

[karn]

One US dollar =6.9 yuan

I mean what was the transaction value in yuan. Or did the Chinese bank value the transactions in dollars.

 

[NutCracker]

GDP is not equal to transaction size

Fake shit.

All the articles I read have shown transaction in the range of 3-4T$ and it's very plausible number .

India in Q3 touched 39T INR. Means 150-160T INR in a year.
Means 2T$ .

Looks like a good amount compared to China considering the size of GDP

 

[ym888]

I mean what was the transaction value in yuan. Or did the Chinese bank value the transactions in dollars.

"151.228 billion mobile payment transactions, with the amount of 526.98 trillion yuan, '



I just converted it into dollars

 

[NutCracker]

What kind of institution is this



The data I forwarded about digital payments in China came from the People's Bank of China, which is the most authoritative institution

Where did you forward any data ??

No link no screenshot.
Pure garbage proofless claim.

 

[ym888]

Where did you forward any data ??

No link no screenshot.
Pure garbage.

我国数字支付规模持续扩大

我国数字支付规模持续扩大

finance.sina.com.cn

You can use the translation software

 

[NutCracker]

我国数字支付规模持续扩大

我国数字支付规模持续扩大

finance.sina.com.cn

You can use the translation software

That's not a govt's website.

Also translation goes one step ahead of you and adds one extra zero and takes it to 4500 T yuan.
Number system in Chinese language is ambiguous.

better bring official proof.

 

[srevster]

of course

View attachment 196017

 

[srevster]

LoL , Sovereignty.

They say a picture is worth a thousand words and a video is worth a thousand pictures

 

[jai jaganath]

Unless you have data, I don’t care about your opinions

What about these data
U think these are reliable
These are most bogus rankings
Just look at other rankings u will understand how bogus it is
Importantly these have been disregarded in forum
They have mic capabilities of aircrafts and engine
Mic buddy
They can manufacture 100s of aircrafts by their own without foreign support
They have more modern fighters than us
They are increasing their squadron strength to next level
Forget fighters look at hevy lifters awacs refuelers sigint mmpa every They have manufactured in huge nos along with engines
Even if they have imported engines they are replacing
U r arguing without any technical point in this regard atleast

 

[jai jaganath]

LoL , Sovereignty.

This is fake context bro
I mean it is a old video not related to Pelosi visit
I might be wrong

 

[jai jaganath]

of course

View attachment 196017

Unavailability of spj and in enemy territory nothing can be expected
But atleast he was brought with show of missiles over Pakistan
Pls look af their MP statement
Pair kanmp rahe the mathe pe pasena tha

 

[NutCracker]

This is fake context bro
I mean it is a old video not related to Pelosi visit

Can you speak Chinese ?
One Reddit comment has transcript. tell Chinese members to refute.

I might be wrong

Don't ride two boats with one foot on each.

 

[ym888]

That's not a govt's website.

Also translation goes one step ahead of you and adds one extra zero and takes it to 4500 T yuan.
Number system in Chinese language is ambiguous.

View attachment 196015

better bring official proof.

http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4671788/index.html

This is the website of the People's Bank of China



You can download pdf

The information about digital payments is on page 12

Mobile payment services have maintained rapid growth. 2021, national banking finance

Institutions handled 439.506 billion non-cash payment transactions with a total value of 44.1556 million yuan

100 million yuan, up 23.90% and 10.03%, respectively. Coexistence of banking and financial institutions

Online payment transactions reached 102.278 billion, with the amount of 2353.96 trillion yuan, year-on-year

16.32% and 8.25%, respectively; Mobile payment business 151.228 billion transactions, Kim

The value was 526.98 trillion yuan, up 22.73% and 21.94%, respectively. non-silver

Bank payment institutions handled 1,028.322 billion online payment transactions, with the amount of 355.46

One trillion yuan, up 24.30% and 20.67%, respectively. In 2021, the banking industry

Financial institutions handled 11.13 billion online payments in rural areas, down from a year earlier

Decreased by 6.31%; Mobile payment transactions reached 17.37 billion, up 22.2 percent year on year. non-silver

The bank's payment institutions handled 576.56 billion online payments in rural areas

The number of transactions increased by 23.45%, and the vast majority of them were completed by mobile phones

Become. Local governments have actively promoted the in-depth development of mobile payment projects for the convenience of the people to solve problems

The "digital divide" facing young people. For example, Gansu Province vigorously promotes the promotion of old

The People's Bank of China Lanzhou Central Branch shall guide the banks in the whole province to the degree of payment facilitation

And payment institutions to do a good job of online and offline services for aging transformation, most of the province

Banking financial institutions have completed the transformation of mobile apps for aging.

Trials of the digital renminbi have been steadily carried out. By the end of 2021

 

[NutCracker]

http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4671788/index.html

This is the website of the People's Bank of China



You can download pdf

The information about digital payments is on page 12

View attachment 196036

Mobile payment services have maintained rapid growth. 2021, national banking finance

Institutions handled 439.506 billion non-cash payment transactions with a total value of 44.1556 million yuan

100 million yuan, up 23.90% and 10.03%, respectively. Coexistence of banking and financial institutions

Online payment transactions reached 102.278 billion, with the amount of 2353.96 trillion yuan, year-on-year

16.32% and 8.25%, respectively; Mobile payment business 151.228 billion transactions, Kim

The value was 526.98 trillion yuan, up 22.73% and 21.94%, respectively. non-silver

Bank payment institutions handled 1,028.322 billion online payment transactions, with the amount of 355.46

One trillion yuan, up 24.30% and 20.67%, respectively. In 2021, the banking industry

Financial institutions handled 11.13 billion online payments in rural areas, down from a year earlier

Decreased by 6.31%; Mobile payment transactions reached 17.37 billion, up 22.2 percent year on year. non-silver

The bank's payment institutions handled 576.56 billion online payments in rural areas

The number of transactions increased by 23.45%, and the vast majority of them were completed by mobile phones

Become. Local governments have actively promoted the in-depth development of mobile payment projects for the convenience of the people to solve problems

The "digital divide" facing young people. For example, Gansu Province vigorously promotes the promotion of old

The People's Bank of China Lanzhou Central Branch shall guide the banks in the whole province to the degree of payment facilitation

And payment institutions to do a good job of online and offline services for aging transformation, most of the province

Banking financial institutions have completed the transformation of mobile apps for aging.

Trials of the digital renminbi have been steadily carried out. By the end of 2021

Institutions handled 439.506 billion non-cash payment transactions with a total value of 44.1556 million yuan

Your translation seems way off. Can you find sense in above line ??
Translations in billions but value in million.

Can you actually read Chinese ??

 

[ym888]

Your translation seems way off. Can you find sense in above line ??
Translations in billions but value in million.

Can you actually read Chinese ??

Sorry, there was an error in the machine translation


I extract Chinese from the file

You can translate it yourself

移动支付业务保持较快增长。2021 年，全国银行业金融 机构共办理非现金支付业务 4395.06 亿笔，金额 4415.56 万 亿元，同比分别增长 23.90%和 10.03%。银行业金融机构共处 理网上支付业务 1022.78 亿笔，金额 2353.96 万亿元，同比 分别增长 16.32%和 8.25%；移动支付业务 1512.28 亿笔，金 额 526.98 万亿元，同比分别增长 22.73% 和 21.94%。非银 行支付机构处理网络支付业务 10283.22 亿笔，金额 355.46 万亿元，同比分别增长 24.30%和 20.67%。2021 年，银行业 金融机构共处理农村地区网上支付业务 111.3 亿笔，同比下 降 6.31%；移动支付业务 173.7 亿笔，同比增长 22.2%。非银 行支付机构共处理农村地区网络支付业务 5765.6 亿笔，同 比增长 23.45%，其中业务笔数的绝大部分是通过移动电话完 成。

Mobile payment services have maintained rapid growth. In 2021, the banking financial institutions in China handled 439.506 billion non-cash payment businesses, with the amount of 441.56 trillion yuan, up 23.90% and 10.03% year on year respectively. Banking financial institutions managed 102.278 billion online payment transactions, with the amount of 2353.96 trillion yuan, up 16.32% and 8.25% year on year respectively; There were 151.228 billion mobile payment transactions, with the gold amount reaching 526.98 trillion yuan, up 22.73% and 21.94% year-on-year respectively. Non-banking payment institutions handled 1,028.322 billion online payment transactions, with the amount of 355.46 trillion yuan, up 24.30% and 20.67% year-on-year respectively. In 2021, banking financial institutions handled 11.13 billion online payment transactions in rural areas, down 6.31% year on year; Mobile payment transactions reached 17.37 billion, up 22.2 percent year on year. Non-banking payment institutions handled 576.56 billion online payment transactions in rural areas, up 23.45% over the same period. Most of these transactions were completed through mobile phones.

 

[ym888]

Sorry, there was an error in the machine translation


I extract Chinese from the file

You can translate it yourself

移动支付业务保持较快增长。2021 年，全国银行业金融 机构共办理非现金支付业务 4395.06 亿笔，金额 4415.56 万 亿元，同比分别增长 23.90%和 10.03%。银行业金融机构共处 理网上支付业务 1022.78 亿笔，金额 2353.96 万亿元，同比 分别增长 16.32%和 8.25%；移动支付业务 1512.28 亿笔，金 额 526.98 万亿元，同比分别增长 22.73% 和 21.94%。非银 行支付机构处理网络支付业务 10283.22 亿笔，金额 355.46 万亿元，同比分别增长 24.30%和 20.67%。2021 年，银行业 金融机构共处理农村地区网上支付业务 111.3 亿笔，同比下 降 6.31%；移动支付业务 173.7 亿笔，同比增长 22.2%。非银 行支付机构共处理农村地区网络支付业务 5765.6 亿笔，同 比增长 23.45%，其中业务笔数的绝大部分是通过移动电话完 成。

Mobile payment services have maintained rapid growth. In 2021, the banking financial institutions in China handled 439.506 billion non-cash payment businesses, with the amount of 441.56 trillion yuan, up 23.90% and 10.03% year on year respectively. Banking financial institutions managed 102.278 billion online payment transactions, with the amount of 2353.96 trillion yuan, up 16.32% and 8.25% year on year respectively; There were 151.228 billion mobile payment transactions, with the gold amount reaching 526.98 trillion yuan, up 22.73% and 21.94% year-on-year respectively. Non-banking payment institutions handled 1,028.322 billion online payment transactions, with the amount of 355.46 trillion yuan, up 24.30% and 20.67% year-on-year respectively. In 2021, banking financial institutions handled 11.13 billion online payment transactions in rural areas, down 6.31% year on year; Mobile payment transactions reached 17.37 billion, up 22.2 percent year on year. Non-banking payment institutions handled 576.56 billion online payment transactions in rural areas, up 23.45% over the same period. Most of these transactions were completed through mobile phones.

Machine translation is still poor



The Chinese version shall prevail

 

[ym888]

Ford partners with Chinese EV tech company
Dan Williams





02:36

The move to bring more manufacturing jobs to the U.S. received a boost earlier this year after Ford Motor Company announced that it would be building a new battery plant in the state of Michigan.
The automaker says the factory, in the city of Marshall, will provide some 2,500 jobs.
Ford will partner with the world's largest battery company, China's Contemporary Amperex Technology Co. on the project.

 

[Cheepek]

GDP is not equal to transaction size

Wumao, learn something and stop spewing rubbish

1) Higher the GDP, higher the value of transactions.

2) We are talking about India ahead of China in real time payments, wallet to wallet transactions are not real time payments; because they are non bank money transfers within the wallet itself, no one can track those except the wallets themselves.
Banking transactions are real time payments, and hence India has more real time payments than China, thanks to UPI.