China Economy: News & Discussion

lixun

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hong kong is just a concrete jungly without its talented people. RIP HK.

In fact, Hong Kong and Duo are not Chinese. There are many Vietnamese who hate China very much. There are also many bandits, big landlords and descendants of warlords who fled there in 1949. It is impossible for them to have a good impression of CCP.
 

lixun

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Even the Chinese admit that they faked data for long. Now that’s a new one.


here’s a damning piece of evidence that China gdp is totally fake:

this is a Wikileaks leaked confidential document where Chinese premier Li Keqiang outs the truth “GDP figures are "man-made" and therefore unreliable”. See paragraph 4. Li also explains what data the world should use to judge China’s real growth.


HOW MANY PEOPLE STILL WONT ACCEPT THAT CHINESE GDP NUMBERS ARE A PIECE OF TRASH, and anyone quoting that deserves to be whipped 100 times and hung from a lam post in Tiananmen Square?
The national GDP is calculated using different methods, so you add up the GDP of each province to be higher than the national GDP. Generally speaking, the GDP of the northern provinces is higher, and the GDP of the southern provinces is lower
 

RoaringTigerHiddenDragon

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The national GDP is calculated using different methods, so you add up the GDP of each province to be higher than the national GDP. Generally speaking, the GDP of the northern provinces is higher, and the GDP of the southern provinces is lower
No explanations needed.. Yourpremier has clearly said your GDP is a joke. So we can put Chinese GDP numbers in the trash bin and move on.
 

rockdog

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Russian and US spy agencies puts death toll of Chinese soldiers atleast X 10 than Chinese claim.
So you don't believe the western media said there are 10x death in India's covid death, but believe 10x death of Chinese soldiers during hte clash?
 

Tang

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So you don't believe the western media said there are 10x death in India's covid death, but believe 10x death of Chinese soldiers during hte clash?
yes because credible agencies never said India's covid death toll is 10x but rather in the opinion articles some ppl said that, like India will not be able to vaccinate(single dose) 40cr ppl in july, which turn out to be false.
 
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HariPrasad-1

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thank you for your good wishes
I don’t know the situation of our army in Nepal. If you have an official report from the Nepalese government, please show it to me.
But from the emergencies in recent years, our domestic rescue efficiency is very high, especially in the last year’s epidemic, the Chinese army assembled a professional medical team of 3,000 people within ten hours and airlifted it to Wuhan. I haven’t seen any of them last year. The country’s military has this efficiency
The problem with our Chinese friends is that they can proved any random twit as the proof of their claim but they want government report of Nepalese government saying that Chinese soldiers in rescue were not effective. Can any government ever say that for soldiers of any other country came for rescue and relief? To talk nonsense is taught to Chinese in school, I think.
 

HariPrasad-1

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Have you heard…the CCP tried to collect tolls from drivers stuck in flooded tunnels. see comments section of this video on YT. Looks like the “party and it’s money box comes first” no matter the catastrophe. Poor Chinese peasants being deprived of any and all human dignity.

Chinese are denied dignity for many decades. Chinese have become slaves of CPC. Didn't we see how they were locked in house in covid time and denied from medicines. When Indian doctors will move home to home to search and help patients, China had locked people in house to die without medicines.
 

johnq

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CCP bots keep focus on the total GDP, while CCP keeps most of the profits and the common Chinese workers at the bottom get very little: In an authoritarian system like China the distribution of wealth is the problem as most of it is kept by state officials (CCP) without doing any real work. And this is not even including the tens of millions of slaves in concentration camps made up of unfairly imprisoned minorities like Uyghurs, Tibetans Mongolians, Falun Gong, Chinese protestors and political prisoners, and unfairly imprisoned common Chinese people who are killed for their organs, which are sold for massive profit by the CCP on the black market.
 

HariPrasad-1

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So you don't believe the western media said there are 10x death in India's covid death, but believe 10x death of Chinese soldiers during hte clash?
It is not western media who says this. They quotes different spy agencies findings. Do they qoute that10 time death figure from any research agency of west? India's covid tracking is best in the world and many countries have demanded India's software for covid management. As soon as even one guy is found positive in test, it is updated on government website. As soon as one guy is vaccinated, it is updated on website. As soon as anybody is hospitalied, the figure of hospitalized pation is updated. As soon as anybody dies, the website gets updated. How can there be X10 times death in this system?
 

lixun

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The problem with our Chinese friends is that they can proved any random twit as the proof of their claim but they want government report of Nepalese government saying that Chinese soldiers in rescue were not effective. Can any government ever say that for soldiers of any other country came for rescue and relief? To talk nonsense is taught to Chinese in school, I think.
Since you don’t have one, then I’ll talk about what I’ve read. After the Nepal earthquake, India directly closed the road to Nepal and asked Nepal to sign a contract on the border issue. (It is still under the autonomy of the Indians in Nepal, I forgot) After that, Nepal had to ask China for help. China urgently built roads and provided supplies to Nepal. After that, India panicked and hurriedly opened the roads. Of course, this also directly led to the rise of the Communist Party of Nepal. India forced its allies to the side of its enemies. .
 

johnq

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Massive Explosion at Factory Caused by Unprecedented China Floods
Massive flooding in China overturned cars like leaves, caused a factory to explode and killed, well we don't really know the full number because that's information China tries to suppress. As if the coronavirus weren't bad enough, there's now a virus that's been contracted from a monkey. And China is buying up farmland in the United States. There's definitely nothing suspicious about China trying to control U.S. agricultural production so don't worry folks! Watch this episode of China Uncensored for this and more of China news headlines.
 

rockdog

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How Paytm through its IPO could go one up on Jack Ma's Ant Group



1/5
A smaller, sturdier version of Ant?
India’s payments poster child is a smaller, sturdier version of its top backer, Ant. Paytm filed on Friday to raise some $2.2 billion in what’s set to be the country’s largest initial public offering in rupees. The company founded by Vijay Shekhar Sharma is well placed to rapidly expand in financial services without running into the rude regulatory shock that kyboshed the Chinese financial technology giant’s own IPO plans.

Reuters
A paean to Paytm's reach

2/5
A paean to Paytm's reach
The prospectus confirms Paytm’s reach. It shot to prominence during a 2016 banknote ban and now serves 333 million consumers and 21 million merchants. Paytm allows users to send money to friends, settle bills, buy groceries, book tickets and open a bank account. They can also tap wealth management products and, through the company’s financial partners, borrow money. Paytm earns most of its revenue from charging fees and commissions to merchants.

Agencies



Shrinking losses

3/5
Shrinking losses
Its net loss shrank an impressive 42% in the year to March even though operating revenue contracted over 10% as a pandemic-induced slowdown weighed on its commerce business. Paytm grew gross merchandise value of payments to merchants by a 33% compound annual growth rate in the past two full financial years despite slashing marketing and promotional expenses by a much higher percentage. Scale has helped reduce its payment processing bill, and more customers are using two or more of its services.

iStock

Higher revenue/active user compared to G-Pay or PhonePe

4/5
Higher revenue/active user compared to G-Pay or PhonePe
It’s a glimpse at a powerful network effect. Research firm Bernstein calculates Paytm has higher revenue for each of its monthly active users than competitors; rivals include Google’s G-Pay and Walmart’s PhonePe, which have grabbed payments market share riding on India’s free-to-use government-backed digital infrastructure. Paytm offers a bigger range of products like e-wallets which are easier to monetise, and uses payments as a hook to sell higher fee-earning services.

Shutterstock.com

Where Paytm may beat Ant

5/5
Where Paytm may beat Ant
Still, justifying its mooted $25 billion market value would require Paytm to trade at more than twice Visa and Mastercard’s blended multiple of trailing sales. That looks rich, not least as it faces stiff competition. Next year it will be eligible to apply for a banking license that allows it to offer small-ticket loans off its own balance sheet. Ant ran into trouble because regulators woke up late to the risks in its credit business. Paytm, at least, is used to jumping through official hoops.
 

rockdog

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China Export Growth Accelerated in June


BEIJING--China's export growth accelerated in June, beating economists' expectations, as global demand kept the country's exports buoyant after more than a year of rapid expansion.


Outbound shipments rose 32.2% from a year earlier, up from a 27.9% increase in May, according to data released Tuesday by the General Administration of Customs. The result beat the 23.2% growth expected by economists polled by The Wall Street Journal.


China's imports increased 36.7% in June, slowing from May's 51.1% pace. Still, June's reading was much higher than economists' forecast of a 25.6% increase.

The country's trade surplus widened to $51.5 billion in June from $45.5 billion in May.

In yuan terms, Chinese exports rose 20.2% in June, up from an 18.1% increase in May, according to the customs bureau.

Imports rose 24.2% in yuan terms last month, slower than the 39.5% growth in May.

That translated to a trade surplus of CNY332.8 billion in June, compared with CNY296 billion in May.
 

Tang

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How Paytm through its IPO could go one up on Jack Ma's Ant Group



1/5
A smaller, sturdier version of Ant?
India’s payments poster child is a smaller, sturdier version of its top backer, Ant. Paytm filed on Friday to raise some $2.2 billion in what’s set to be the country’s largest initial public offering in rupees. The company founded by Vijay Shekhar Sharma is well placed to rapidly expand in financial services without running into the rude regulatory shock that kyboshed the Chinese financial technology giant’s own IPO plans.

Reuters
A paean to Paytm's reach's reach

2/5
A paean to Paytm's reach
The prospectus confirms Paytm’s reach. It shot to prominence during a 2016 banknote ban and now serves 333 million consumers and 21 million merchants. Paytm allows users to send money to friends, settle bills, buy groceries, book tickets and open a bank account. They can also tap wealth management products and, through the company’s financial partners, borrow money. Paytm earns most of its revenue from charging fees and commissions to merchants.

Agencies



Shrinking losses

3/5
Shrinking losses
Its net loss shrank an impressive 42% in the year to March even though operating revenue contracted over 10% as a pandemic-induced slowdown weighed on its commerce business. Paytm grew gross merchandise value of payments to merchants by a 33% compound annual growth rate in the past two full financial years despite slashing marketing and promotional expenses by a much higher percentage. Scale has helped reduce its payment processing bill, and more customers are using two or more of its services.

iStock

Higher revenue/active user compared to G-Pay or PhonePe

4/5
Higher revenue/active user compared to G-Pay or PhonePe
It’s a glimpse at a powerful network effect. Research firm Bernstein calculates Paytm has higher revenue for each of its monthly active users than competitors; rivals include Google’s G-Pay and Walmart’s PhonePe, which have grabbed payments market share riding on India’s free-to-use government-backed digital infrastructure. Paytm offers a bigger range of products like e-wallets which are easier to monetise, and uses payments as a hook to sell higher fee-earning services.

Shutterstock.com

Where Paytm may beat Ant

5/5
Where Paytm may beat Ant
Still, justifying its mooted $25 billion market value would require Paytm to trade at more than twice Visa and Mastercard’s blended multiple of trailing sales. That looks rich, not least as it faces stiff competition. Next year it will be eligible to apply for a banking license that allows it to offer small-ticket loans off its own balance sheet. Ant ran into trouble because regulators woke up late to the risks in its credit business. Paytm, at least, is used to jumping through official hoops.
Chinese investments will move out of Paytm after the IPO.
 

rockdog

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Tang

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rockdog

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After CCP takeover of ANT. It seems very likely.
No need, just regulate Ant will ensure shareholders (currently including China's government fund) get enough money, hope part of profit come from India market.
 

johnq

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More on how the engine behind Chinese economy is forced labor by imprisoned minorities like Uyghurs, Tibetans, Mongolians, Falun Gong, political prisoners, locked up protestors, and unjustly imprisoned common Chinese people in factories associated with concentration camps:
 

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