Comments by "May L" (@MeiinUK) on "China Observer"
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@morrisonparker3229 : Shanghai had always been a foreigner's trading hub. The issue is that, the chinese government was fighting amongst themselves.. and this led to a situation. Cos.. why would one province fight with anothe province ? Even in Europe, people do not fight. AND they count how many people, and how many houses. And this is why democracy works. Cos the ratio of your salaries.. and the worth of your currency is dependent on how many people, how many items. Suppler and demand. So... what do these individuals think when they are actually running a business? All the care about is actually their own immediate budgets and outgoings. And would grab at anything. I don't think that, they would even know, how many buildings exist in their own city or province ? (And this is also why HK was ruined as well... cos the governing body, literally attacked both the locals... e.g. my family..... and then also attacked the housing as well. i.e. You're NOT supposed to get public housing, if you are NOT living in that city, or is a citizen of that city. And yet, the flood gate was open... and now the very same people who said that, they have a RIGHT to be there.. are enjoying very very low wages. They won't even get the higher wages, cos the area has been depressed. ) ..... Yeh.. my mother's generation of 7 kids.. Managed to produce only 4 adults.. and only 2 adults, have kids. Cos nobody could afford anything any more. And we're mostly around 2 generation living under the same roof. So it means, around 2-3 generation of people, sustaining ONE house !!!!!
These individuals, are arrogant.... that is what I think. And we also had to pay inheritance taxes as well.. which the civil servants lied.. and hoovered up. Cos the mainland people didn't have to do that at all !!! Was robbed, left, right and centre !!!! Asswipes. So yeh.. this does NOT surprise me at all. You pay so many taxes.. only to then be wasted away by incompetents.... It is a crying shame... really upsetting. A lot.
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@peterseth3296 : Many previous generation of overseas' chinese... that were the... "imperial civil servants"... it is THEY and THEM... that worked, and resent the money back home... and repopulated some of the treasuries and the banks as well. What genuinely happened is that, non-Imperial elites, dominated the country and eroded the structure.. and such-like. The thing is... is this going to carry on or what ???... And why would non-Imperial families, be allowed to have so many children? Just cos the concept exists... and today, China is not even chinese ?.... HK, why HK was important? Cos it still had some of the descendents, or the people that dated far back from the Song dynasty... that is why it was an important city... Despite, so much meddling, and the media touting.. and putting down HK as well..... Not everybody wants to kick up a fuss.... About Qing dynasties.. but... some basic respect would not go amiss....
And yet, some people want the destruction and the extinction of some of these chinese people as well.... and then to embrace and to expand the Dutch Cantonese, or to expand the Indonesian Cantonese... or the Filipinos etc.. or Thai... Well.. Xi Jing Ping now has signed and is supporting these people now. So... those "indigenous" people.. are literally dying out. This is why so many fled into Taiwan. It is such a weird time... This is why it is called PRC, and not China.
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@PunditKING : I did not say "no dowry", I wrote "use less dowries"... and then let the remaining amount of money, to be put away or to a middle man.. for safe keeping and then repaid as an income. Many people even in the UK or in Europe still follows Christian values as well. Even if they cannot afford a formal wedding. Then they can use a civil service, and then a small party. Rather than a more formal affair. Some people would pay one month's salary. Others would use half a month's salary. And any gifts are based on their needs, or not. As it's the case may be. Whereas... some of my friends that were also chinese, either the woman pays... or worked a few years, they date... and then the woman adds her salary into the dowries as well....(after discussion between themselves, of course).... and then the guy gives it to the inlaws. Or some of my friends, one guy who gave his salary to his parents for years. She saved it up, and used it as a dowry for him when he married. The inlaw gets this, but then they gave this back to their daughter as "baby money"... which.. at least the child for the first few years would not starve. 2-3 years the child would be fine. Both male and females are now more pragmatic? More SOLID. Realistic. Thankful. As weddings are getting more expensive... it is too extravagant in many ways too. You don't have to throw away the concept of your tradition, your identity, but at least be realistic. Pragmatic. Not stupid. But be good. Be real. Decent.
Usually, whe the money is put into a fund, this is because it is those people's money. i.e. Those people are often related to one another as well. Even though the next generation won't know this... or at all. So.. what can you do? The elders eat the young, and then the youngsters when in position of powers.. eat the elders... So...
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READ THIS PLEASE.....
"Early Currency in China
With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.
Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan.
The Renminbi in Foreign Exchange
During the command economy, the Chinese Yuan Renminbi was set to unrealistic exchange values and as a result, severe currency guidelines were put in place. When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar. As a managed float, the Renminbi's value is determined by a basket of foreign currencies."
This comes from a database that dealt with different currencies and things like that... If the US dollars is no longer use, then why is the Yuan so valuable? IT is not any more. And it should exit out of the world's trade already... Cos it isn't pegged basically.... from 1 new yuan to around 100 000 old yuans... And even the Taiwanese banks that were in NYC.. they were kicked out already, a LONG time ago...!!! I bet the Americans did not know that, the PRC did not actually even HAD an actual banking system.. They assumed that, they were like the Taiwanese.. I bet. I bet they did not know that, they weren't even a formal Imperial structure. Cos if it was.. then why would the Southern Chinese... Or there was a divide between North and South ? Southern Hans Chinese had trades with SE Asia.. and they also traded in gold as well. I expect PRC's so called building empire to be dropped. And then those money could be released back to their central banks. Cos what else can they do ???... They over built... and over used... and not even stuck to the right format. They should've just merged an entire company together. Or something. But they did not do that. It is always "everything or nothing" approach... So... They couldn't even do vertical either. This is their own fault and demise. Nobody else's issues...
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@jonathanj8303 L That is not what they are doing... and if you look carefully in that video.. do you not noticed the lower level of 3 tier houses ? THOSE are their real houses... and these building blocks? This is the equivalent of what we have in the UK, we call them "commercial buildings"... so what does that mean ? They are effectively following what was done in HK... a trade hub. So then.. this is the other way that those regions would get money dropped into their areas via the central bank etc. (Ever wondered why the Chinese stock exchanges and the market doesn't work ? Well... here we are... Cos it has turned into actual gambling machines, and not a Stock Exchange or market at all.) How could China, afford the high military spending, and the military's salaries ? And kept like, the "entire so called ccp members as "elites " and as "imperial civil servants" ???.... (And they coerce women to marry to them as well. Each one of them has MORE than one WIFE !!!!!! This is like... the opposite of the Tibetan way of life, which was one woman, and many men. If you think that they would follow the law, cos they signed a mere dotted paper for foreigners to see, then you have another thing coming.)
This is why.. if you work out the figures for PRC as whole.. how do they transact ? This is precisely why... Commercial buildings, based on credit loans, and administrated by central bank... and not by the free market... (there isn't one, and even if any chinese citizen say that there is, they are misunderstanding the entire diagram !!!!!).. Cos if it was working, then the other countries would not be in debts.. and that there wouldn't be this high a military spending, at all ???....
Even if these people increases consumer spending, it is pointless... why ? Cos they don't have the salaries to spend it on. And then, so they created the thing about celebrities and buying expensive items etc... and yet, even the volume on these is not even enough ??? So then... what is to happen ? People were free to begin with... The state turned them into capitalists.. so this couple is possibly just.... doing their duty by their local governor or something.... And this is why it is filmed. And when you watch the film, then get the royalties and the money. And therefore sustain their economy for a little bit longer.... Isn't this how it works ???....
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@dnomyarnostaw : You are comparing domestic mortgages with commercial building loans. They traditionally... ran in different circular ecosystem.. and doesn't impact one with the other one. When the subprime mortgage situation happened... it gotten worst... Cos the UK tried to save the US.... And the US tried to save that, cos it was those same loans coming out of China.... and China, refused to do retail banking separate with their international bankings... And this was the entire circular thing which blew up... And China, today, no longer are those same people who saved the Asian crisis... Cos now, they are traversing, kicked out the old people, who saved stabilities... and swapped with more assholes... This is all you need to know. Cos ask yourself.. how could a "poor" country... have the followings? 1) Send satelites into the skky. 2) spend so much on militaries and not on their own people. 3) Have more people without food or without shelters without disturbing their every day life with new ideas or new policies? 4) Make their own people run away from their own country, despite everything that other countries have got, is made from them ? So why are they running away from the country, to buy the same thing, which they made at home ?? Which they could buy for LESS ?
This Canadian said it well.... and he made a joke about it...
https://www.youtube.com/watch?v=oSzgCDIUzq0
A lot of people did not know that, a lot more people sacrificed before they did.. in order to achieve peace and stabilities... and money is always a balancing game ??? So cooperation is always needed to begin with as well.... Always.
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In China, they retire around 50. You need to find other ways to make an income for the next 30 years. So.. that is why they were pushed to be living in denser cities and urban areas, and by doing so, play the flipping game... the only thing is, the late comers, didn't know which direction. Cos many cities were in first and second tier cities... But the Evergrande thing, happened to third tier cities. Some good businessmen, tried to catch those downfalls.. so that the effect is NOT as big.. but the way has been capped. So now, rebalancing for China is important... and well.. some have been prosecuted for the financial issues etc. So..... that is why, such places, are basically a "safe haven" for those individuals to stay away from the chaos. Or something to that effect.. or other...
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I would understand it, if they do indeed, and is part of the marketing team. So... they don't need to attend, surely, right ? So... So this is also a kind of style of... paying for people to attend.. and to have a look around? I don't see an issue with it, per se. So.... lol.... But I can see what's going on really. I mean, I have been to shows and exhibition myself too... Travel ones. And then computer fairs. I sometimes buy things. Sometimes I don't. But gathering together, if you are local businesses, then sometimes, this is just more for atmospheres.. than anything.. For me, it was the "hard to find" places... as in.. if I needed to buy an entire thing, from beginning to the end... There is value in that.
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It's because these employees doesn't know how to work the chinese market. And this is why their own salaries are also low too. I wouldn't necessarily give an actual discount. I wouldn't do that. Cos if you give one, and then another complains then. Normally, they should join a club, and then decide which one they like the best, and put those design forward, and sell those instead. Be done with. Cos this close time limit on the price difference is going to land them into hot waters. That's why. I would just put smaller selection out, and if they really want it. Then sell it. And not more. I would reduce the sizes, and then let them ask for the right sizes and things like that. And either they really want it, or that there is a small quantity... and then sell it. If it is finished, then let it be finished. This is too wasteful.. to "hope that they will buy"... Sorry... Just. Too spoilt for choice. In other countries, people don't do that, cos their entire customer population could only be around 100-200 people... but everything to China is like... an average 1000 to 2000 PER day !....
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Between 1997 - 2023... what happened is that, you both allowed many mixed race Europeans (that ballooned in HK) along with many hakka-fujianese chinese... who isn't and wasn't part of the original trades anyway. On top of this, they threw out and threw off the previous governors (who WERE decent and WAS strict).... But those individuals got actually assasinated, bullied, and destroyed. Because of this... people like Li Ka Shing.. and many other various PRC region, built the State Council to be stronger and stronger, to control HK as well.. cos before then, many money did not entered into the PRC mainland. It was a pure "shipping ports" had foreign money. It is the fault of also European countries too.. Like Germany, and more... who entered into the mainland, and then wanted to do this kind of "foreign direct investments" (FDI) thing... and whereas, it is clear... that, from a mere 3000 high rises, into a now in 2023... a whopping 9000 high rises... It means that, the local chinese, have a head on their minds that lives like the old "provincial canton"... mindset. Of Landlords Vs Commoners. And now, they also screwed up too.. not realising, which part of these money... belonged to which bank, and which central money or not. Well... if PRC was not legitimate before, USA has now finally forced them to become something which nobody admitted that they should. Watch the fall out soon enough. i.e. Assasination and deaths.... Watch the culling.
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That last part makes me want to cry.... cos he is in the cold... and I also live in the UK's higher Northern Europe area too. We're also cold too this month. - 5 C. Temperatures have dropped but we are lucky that we still have heating here. Despite Russian war. I noticed that he has beautiful blue eyes.. does that mean he is one of the few Turkic Northerners that were also left behind in China ???....
This video says it all... because.. originally when we had the Virgin Islands.. it was for overseas' trades only. And the way that it has been utilised.. I think it is definitely a case of...."things moved faster than it could have happened"... So in a way... the current situation is what.... that.... the "PRC" is following "UN and World Bank" ideals.. above its own actual economic developments? Cos... shouldn't they have an actual healthy boom and bust cycle already? And an actual indirect reversal recycling processes as well ???.... And in a way, their members of the CCP... ended up as... Maybe they should have been an actual indirect non-CEO.. as in, advisory, rather than actual ownership. Cos if the registration is under them. Then they are the direct directorship.... And maybe if there WAS an actual China Infrastructure bank.. or Asian Development Bank... then this would not have happened? That arm's length impartialities.... So.... Because there are no separation of powers... such that... These small decisions mean that, anybody, could indeed... "fall into a trap"... cos... they didn't know what had to be done. Even in an actual developing economy. And they too, would not have known... how to actually... survive..... And nor did they researched. Now I get why that Li guy who just passed away, was so much loved. Cos he studied economics.. and he did advice people to go low.. than to go high. Cos obviously, he knew that this would be on the cards etc.
And even some of the actual methods of payments, like currency transfer. That was only ever a small way to reduce inequal balance.. It was never for China to make it and to grow its method as well.... Like, all of these so called "payment apps". And now ,they try to redirect back into foreign shores? That is nonsense !!!!! So then it means... I lose out like, twice or three times ? lol....
This is getting SO messy !!!! And some of those trusts in the UK. A lot of "businesses" and "transactions" never leaves the country itself. They just get reused. Again and again. And again. Redistributed in different ways. I don't even get why China is so messy. Some parts. They don't need to really need to do anything. Cos some buildings were built on the cheap already anyway. And farming.. or food.. that is free. Like, some of the autonumous region. Maybe if there was not the idea of communism. And if ROC was in power. And separated back the 5 "major big race".... within the PRC itself... And then have separation of powers... and allow, those who WERE the old Imperial families, to govern their own people, and their own courts etc. This isn't even "splitting". This is like "managing your own family".... Just like, how Europe is done, and has done things.... I don't think that, they get why some things work and others don't. (The only reason why it does not all work, is because everybody assumes that "the WORLD BANK" and the whole "CAPITALISM thing" means everything.... )
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This is not what is understood. Do you want to know what I think has happened ? Cos before the PRC joined the WTO. It was the World Bank that entered the UK... and it is the US and all the other countries that literally "took control, end helped PRC became a WTO member". And because they did this, this is why, they tried to find a way to organise themselves. At first, they had so many consultants inside the PRC... to create "tiered-cities" as that was part of a reform. So... and if you looked at the model.. They are basically a difference between "state-owned enterprises and the local provincial governments' employees. Aka "civil services" people... for different regions. So the wholesale suppliers, would make them. Then it goes to the civil service tiers. Then it goes to the employee. Then the employee resells it, to somebody else. Then that scalper resells it back to the original first shop. And not the wholesaler/manufacturer. Doing this, means that, it has been through the civil servants/provincial/tier 1/2/3.....>>>> then citizens... and then it goes back to the provincial governor again. Do you see this circular economy ? lol... And they could do thi smany many times over. And this is how they do "the economy". lol... I bet they do this, cos that is how their banking system works. Money from the central bank, then to the local provincial governor... and then it circulates round and round... within that province... Round and round. Now I get why so many products are in bad shape. Cos they don't do it for eating. They do it for circulation only ?... So... I never knew this actually. lol...
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@garricksl : What is "C-suite and SLT due to new HK govt" ??? Did they replace Carrie Lam's entire team ? Or just her ?...... What does SLT stands for ? HK can look after itself.. it always does, and will. What will be, will be. If I cannot even get a goddamn bowl of rice for 20 dollars in HK. Frankly, nobody cares. People have lost it... totally....
Because people mentioned about the point that, their railway shape and line is inter-twined back onto itself, and then it goes through several areas and districts. This is what it is like in London's format as well. The underground station.. yes, you could say that it is a HK design, or you could say that it is a London design. Cos when you see the maps, it is like for like. Now... if only HK MTR patented this design, and then IP'd it.. and charges these other actual cities that uses it, and it ends up as a profit level... IN an actual very democratic world, then yes.. this is what usually happens.. but in a "communal wealth" society. This is not likely to be as such. Either MTR owns the same design and patents... or... What should really happen is, when the rental period or time is over. Those should actually be owned by HK. i.e. legal services. Of other sector than just shipping. If this is to sustain the HK dollars etc.... Well.. in an ideal world. There can be a service sector still for HK. The gap in currency differences etc.
FYI... the MTR "company" did not even used to be an actual company. It was owned by the public purse. HK Government directly. It wa part of the government, and not an actual company itself. This is the ultimate difference. It was spun off... and then listed.
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This is so so so soooo bad. It is like, that case which is currently being highlighted. Like, they want to automate and to technologically create an "perfect" account. But what if some of those accounts were paid off, and then when it came to reconciliation it didn't or wasn't created? This is what a lot of accountants are to do. And what clerks do. And their point about "it should have been done years ago"... Er.. depending on which year, and where... Cos people are now using tech, to "retro-spective grab".. Which is not even legal ?... Cos I had one woman calling me randomly about licensing rights. And the fact that her organisation did not existed, and the item/product was bought BEFORE the creation of the sectors as it is now. So... how is that possible? You are grabbing into a nonsensical situation. A fabricated situation ?... So.... The same with those businesses as well, that is collapsing. So they have collapsed. Then the stock are still worth something. Why are they suddenly considered as "wastes" ? Why doesn't China have liquidators? So sell off those stocks back to some kin dof banks then. But this isn't done though... China doesn't differentiate it seems, between what is a company, and what is a personal wealth. Or even personal taxes. They are two different things ! Also, you cannot have wealth family businesses, if indeed... well.... How could you have worked all your life, and not to have anything returned? China does not own the world though. And this is a BIG issue.. that ought to be discussed globally. Cos they are indirectly forcing the world to collapse with them !!!!!
This action alone is making those bonds useless !!! And the stock market ... pointless !....
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@nfuryboss : I actually just checked. lol.... I am sooo tempted !... I didn't realise that they have advanced so much, and are doing also transfer-pricings too.. I did see it before.. and wasn't sure... at all.... So... I did tried before to get a similar role, abit.. outside of the accountancy area, and the lady said explicitly... "mo lay fun"... (there is no room for you)... she said. lol.... That was enough for me. I doubt that even if I did fill in my actual form.. that I would be put forward any way? So.... I know my place. Since the NSL, a few family friends have also been rejected or asked to leave... So... I don't get what is happening at all ? So.... Plus, many of us who are middle-aged, just want an easy life. Cos we don't want to deal with the junks any more.. and there is chat on the streets that... the government prefers or want new grads to enter the market. So.... there is that too. I don't think I can and want to handle the antagonisms.... I dunno.. It is way too stressful. Imagine.I cannot even get past the recruitment agency, what chances would I get, even if I am experienced? And I have seen actual barebone graduates, that has merely a few years' experiences... entering straight into top level managerial positions.. despite... Well... anyway, it's too... never mind. Cos... we know that the world has gone weird... So... The Enron's financial issues have never been finished and dealt with... either. So.... I don't know if I am doing the right thing, to help it secure itself this way... Cos.. some of the financial sectors.. were not.. .erm.... Complicated.
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China has a retiring age of around 50 years old. I think this is definitely for SOEs.. am not sure if this is for private sector. I don't think this applies to the private sector. But definitely for SOEs. This is why, some people then try to open their own private little business to run from their 50-70 or whatever... No wonder so many people leaves China to continue to work abroad as well. Which earns them even more ! lol..... This is so weird. But then again.. we are talking about relativeness as well. Cos we may pay 1000 pound for an apple, but they only pay 1 yuan for an apple etc. In fact, some of the rural citizens actually can grow their own food, is my understanding. But somehow, the recent lockdown situation saw some rural residences had their own secret stash kind of trashed. Cos they must not be spending their own money. So this is like a chicken and egg scenario... Which is absolutely crazy.... No wonder they rely on tourisms etc. So that... those incomes to that region can boost that region's GDP and therefore their budgets etc. (This has been what HK citizens used to do... and indirectly raised their own GDPs.. until it can't... or the system kind of collapsed. This is why then the whole entire system fell apart, cos some of the mayors/ccp whatever..must have been holding onto those money, and thus causing bank runs. lol.... Now I get what has been happening. Cos then it must have kept running. lol.... And then they joined WTO etc... And bring in external influences which then checks their balances, which doesn't work out. I bet. ) Cos now, if china goes down, the entire world goes down.... OMG.
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It's because they don't understand what they needed to do. So she took out a loan ? And yet, she does not work together, or merge together their business, with other businesses, to maximise the return and to hold the market as well ? This is one of those things as well... maybe it is over expanded..... I don't know what they don't know etc. This is the thing... Cos if you have a company, then you could always try and edge and find ways to expand it slowly etc etc... Even in the UK and the USA.. when the market is shrinking, for whatever reason, then you have to reduce down in size, and merge with your competitors.. and have a buy out. How come, they don't do things like that?? I don't get what they don't get. You cannot have 1.4 billion bosses, all at the same time ! Somebody has to be an employee !
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@RodrigoPalma700 : Because in HK... the "indigenous" people there.. were actually some of the old elites, that belongs to some of the older dynasties. And they are actually chinese people. Not mixed race. Not from colonial days. Some had been actual part of the imperial emperor's remits. This is the difference. The problem with Singaporeans and with some Malaysians is that, they assume that, these people should have no rights at all ? Cos many just "want to earn as much money as I could". But frankly... money is just a tool. Don't make others suffer for you. Even in the UK and in Europe.. the Royal families are not destroyed. Work, is a means to keep people sane, and to keep them from killing each other. So why should HK suffer... at the cost of what..."rentier capitalism" ? So an item is made.. and it gets shipped around the globe, using precious petrol.. for what purpose? It is used and reused and it is resold again as well. Why ??
Singapore and Malaysia love the CCP party. But the thing is.. HK existed even before the formation of the ccp party. And their powers is NEVER meant to be THIS powerful. Either the Western media and the Western world has mistaken their roles in the world.. and how other countries operate. But an advisory party, should not be accepted as the entity IN power !!! And it is often funny when people said that... especially those from SG etc... "There never was voting rights. Cos you had a governor." Er.... maybe cos they were coolies. And that is why they were not counted as the local citizens. When Britain took over HK. ALL the people that were not migrants. Were counted, and their lives were documented and they were registered. This is why he has no record or contingencies and understanding of how the actual HK Government came about.. and how it became what it is.. and who those individual people that sits in those civil service tiers came from. WHO they were and WHY they were etc. UK was fair... they only took what was expected to be needed and was part of the trade deal. And nothing more. So for us to see today.. SE Asian countries.. actually making life as if the people had no say ? I find that ludicrous....
Those people became the actual city's "administrators". Meaning that, they hold no powers. Power means, they do not have the right to destroy somebody else.
"But you are not a finance person !" ------ lol.... Which person has not worked in finance, and which person has not worked in the navy, and which person could not speak English ? And which person needs to kowtow to the kids today ????? Did they really think that we are "uneducated farmers" from the fields ???
THIS was the classic "fisherman's sons" from the 1970s. (THIS is a good example of the "farmers" who now works in the Legco etc.) And why do you see some people cussing ? They know who is who, and who to cuss and who not to cuss. You wouldn't cuss your own family, would you ?
https://www.youtube.com/watch?v=TEAvM9POTsY&list=PLK7qCnafFFJbWojxFTmN7kmE1RJBD6JbJ&index=61&t=525s
And this was... Britain back in the days....
https://www.youtube.com/watch?v=QLbPYQcUcgM&list=PLK7qCnafFFJYQEnNVBJTOrlvc3v7i47wc&index=22&t=696s
The world war promise was merely about..."rebuild after the war" and then called quits. Nobody said NOR agreed that. It would go on forever. What is this "net zero" business all about then ???
Somebody stated it VERY funnily...... that... people are moving goods across the world for very pointless things. Very pointless reasons.
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This has nothing to do with "the ccp party", cos the party is separate from the state councils as well... There is also the local regions. They drew boundaries of the different lands for different groupings. They also... did not reform their banking systems as well. Why some of the cities like the shanghai and HK could handle itself, is because of its previous generation of trade of import and exports as well ? PRC has been building a mega infrastructure project for the past 40 years or so. Cos they had the likes of the World Banks sitting in their country... and to dictate them as well.. and the wrong move was... THOSE who were exposed to this confidential knowledge... The USA government did say that, they had a LOT of different... "helps" from various entities from the West.... (PRC had access to the World Bank model of ALL countries.. in the globe.) This is why.. some people hates China right now.. cos they deliberately used these details and info... for themselves.... ?... But they mismanaged it as well.... and then those so called "young educated types" were never prosecuted as well.. cos they basically were winging it... i.e. "Making things up as they go along, without proper analysis or any kind of cushions" at all.... They basically screwed up, because the "land bank" were also not a small region, and they didn't keep lending and relending, because they wanted to make the same way as that of HK as well... which never used to be as such... So... And they didn't actually used a different approach. They went "all or nothing" at the exact same time.. This is why they failed royally. NOthing to say that, they couldn't have created a different regional currency. They could've drawn stricter borders and lines. Could've used a different ratio of... land values.. rather than the same one. And then keep knocking down, and rebuilding, in City A as opposed o City B as well etc. BUT.. because their politicians are like... they are only promoted... based on their regional goals. So therefore, of course, everybody would build houses, to meet their local GDPs.. in order to actually get up the career ladder. So this is what they did, and now, instead of regional bank runs.. they are experiencing the central bank runs... That is why their so called "developers" is going bankrupt.
Oh, to add insults to injuries.. a lot of these investments could be foreign ones as well. Plus... local regional banks.. could also handle foreign currencies too.. and hence, they basically use their own "loans" to export those debts into other countries. So now, Sri Lanka is in deep trouble.. because they did that.... Very complicated... (It basically means..."china build some buildings, which were based on a credit card debt.. and now, China has moved that credit card debt to Africa. To Sri Lanka etc.) IF you read it like THAT... you will begin to see why people hates this idea.
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@Candolad : You need to understand that.. HK had freedom back then.. despite it was just after the second world war as well... your assumption is that, it should be an exact model.. or a desire to be something else... but... what it lost, is the freedom to do what they liked, which is to earn money. That is one, and the second one is that, there is not enough work as well.. and also the current restriction just kind of stops everything else... and at the same time, causes a lot of damages globally too. Which does not help. The intent is good.. but the outcome was bad. Some people wanted the "one voice, one vote".. but then it cannot be the international currency exchange that made it rich. It wanted the local government model.. and yet, it cannot be the international financial commerce that it is. If they wanted both, then you need to lock yourself out into a flat, like they do in New York... which is to keep things impartial.. So what do you want?.... Even people in London, they don't go anywhere near the financial district, if they don't live there. They avoid it. So.... and then they live in the rural areas. End of the business of the day. Then go home. But today, you have so much surveillances AS well.. on top of such financial and internationally sensitive areas... Do you think that other countries would allow you to do that? To put your own militaries and surveillance into a city of commercial activities? The answer is a good "no". Actually.... So.... What do china want? ... It is destroying one areas, above another. And yet, some people assume that they could export the same exact laws into Shenzen. In reality... they international crowd can't go there, at all.... (And right now, the CCP is controlling the banking sector as well.. above the financial sector itself... It should not interfere with the financial sectors..... but it is doing so. So how is that "international finance, without political meddling" ???).... Every other country, does not allow the politics to meddle with the financials....
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Well.. if I was the HSBC CEO right now. I would definitely ring fence those mainland customers, into their own databases, and separate the overseas' account separately. Just for safety and ease of actual auditabilities. And separate transactions and so forth. Creating an internal second layer, does not actually ruin anything. It makes traceabilities much easier as well. So.... Should or should the HK Dollars with the US dollars collapse or not.. should be an actual formal action and formal decision. And not this way. Not this indirect way. Phase out process is always better than actually jumping off a cliff's edge !!!! And by right, HK had or didn't have such a high or large peg to USD anyway, and the fact that the WTO, to allow yuan-USD to happen.... I mean... And it is the fault of the various chinese dispora too... who sent money back into HK. And it was then the different local chinese, that then filled their own boots inside the mainlands. With their various mistresses, and concubines, and built up their own so called "clans and family businesses".. I bet this was never translated into English, right? To the English banks or the foreign banks....
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I do think that there can be an actual Western business model here. That is... open private boarding schools in the rural areas. And actually mean that, they can both ask the rural workers to work on site. Either buy agricultural products from them, which also gets processed on site. As well as paying them an actual salary too in small foreign domination. If they do this model. It then means that, the able bodied supporting two people, they stay in the urban areas.... and supports the SOEs.... and even if there are no small or medium enterprises, or if they are reduced. Then ifthese foreign enterprises supports those rural villages as well. It then means, the overall GDP is still supported ? Basically, open boarding schools for kids in the rural areas. And also, to make sure that they have both domestic AND foreign teachers as well. Kind of like a comprehensive system all around. (And in the end, those figures, ought to also provide the GDP income, to clean up pollution also in rural areas as well.) And with those building investments, they, when the school ends. Those buildings, can indeed be sold, or given to those rural villagers. Which implies or mean that, they need to be built in such a way that reflects like a low tier building.. that can be domestic kind. Imagine if these are built, it is like killing TWO birds with a single stone. It then eleviates the actual GDP spend that urban areas need, so that spare budget, could go to their own insurances or their own pensions etc. Win-win-win.
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Do you know what I am trying to figure out ?... It is like this....
This video says... 4 million people. That is around... 4,000,000... But if their parents.. each of those individuals... borrowed around a whopping 500,000 amount.. so let us check out the total... 4,000,000 x 500,000 = Those mere chinese people, already has created "debts" (in the entire global system).... to be around a whopping 2,000,000,000,000.... (2 trillion ).... I hope that is not in UK pounds, or even in US dollars. Cos frankly... This is collapsing the US as a country.... I mean....
I don't trust this video at all... Cos... I don't believe it.
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@marvelcomiks8078 : Since my parents are from HK... I still remember the old currencies as well.. before the UK's decimalisation as well....
mān (Chinese: 蚊), hòuh (Chinese: 毫), and sīn (Chinese: 仙), = Even this was still used in the 1980s....
https://en.wikipedia.org/wiki/Yuan_(currency)
My mother would still remember tael... in weight... But most people only use this for precious metal like silver or gold. And yes, you could buy gold then... And silver, was really used for foreign exchange back then. And tael is still used in many Indian places... as well as... (from my last trip back to HK)... the tea leaves people still uses this as well. And for many of their weights and measurements.
Tael/兩 - https://en.wikipedia.org/wiki/Tael
If you buy traditional chinese medicines, they also still weigh it in tael too. Sometimes, modernisation is not all that. Some people, say that, this is done, in order to cheat that bit of margin and earnings.. but yes.. there is that, despite many other places sell in the international metrics like kilo and litres already. Standard metrics.
Also, read the part about the actual "printing press" that minted actual metal coins for circulation that existed in Canton.... that was built by the British.
https://en.wikipedia.org/wiki/Qing_dynasty_coinage
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@EllieMaes-Grandad : Technically speaking, it isn't a "corruption" per se, cos the PRC did not join the WTO til much later on. And they wouldn't and didn't have known the changing laws.. or even if laws applied to them etc. So this kind of situation seems somewhat unfair to most people... Cos if you were not taught, then how would you know that you were in the wrong? At the same time, they didn't have decent mayors. Cos some town mayors forced "money" into the hands of the citizens to make them stay within their own regions, and to hold tight those banks, and those regions, from economic collapse.. in a way, they are not wrong to desire to do so.. but that is also going through a big stretch too.... And then when some migrant workers move away into another region.. They also forget to remind themselves that, they are in a different region and that region might have a different economic status to the ones that they left behind ? So it feels like they are ALWAYS running around, and always chasing their own tails... hence, some people now live in fear.....
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@vanessali1365 : Before 1997.. a lot of HK chinese went up North to have like second and third wives already... like an Imperial King.. so... (and then their children came down into HK as well)... This is why HK was congested, and why they all have their so called ID cards.... It isn't like this was not known. And somebody recently posted about the various prostitution den, or other... that is frequented by the US marines.. I don't know how true that is... I am shocked to find that to be the reality, in truth.... And then this explains why these weird unwanted children, and where they came from etc. And their so called idealism.. that they were "definitely unwanted women".... I find that a bit sickening to be honest. Now I get why there had been SO many.. "Asians".... I get who they are now. A lot of those people already went into the mainland to create businesses any way. So.... maybe it is the left over Eurasians, that see themselves as Hong Kongers and not as chinese. That can explain things quite a lot. But the people who moved down into HK are not those from Canton... Before 1997... the ones who moved to Shenzen could be Cantonese.. It is when it created the so called "economic zones", that saw an influx of people, from various other provinces, who bombed it down into HK.. and created another kind of weird clusters of cities. They are mostly from rural areas... and doesn't want urban lifestyles. THIS is what worries a lot of the Urbanites in HK as well...
Watch this video...
https:// www.youtube.com/watch?v=SGJ5cZnoodY
This is why.. not a 40 million region before 1997... It might have only been around a mere 10 million maybe.. or less.. Cos it was a shipping port area... It went into a decline, it made so many people move into the area... It is now a 40 million region... But many lost their homes, and then so many loans are carried out as well...
And this is the latest news: A woman owning around 1200 suites in Shenzen ? Why ??
https://www.youtube.com/watch?v=zFCMxwVMAMA
This is the latest news... 300 billion US dollars....
https://www.youtube.com/watch?v=L7GzNlI8vto
But I think... it is correct that we don't broadcast this.. cos it does make people fearful and it causes a blip... but.. it does beg the question, why people have this many suits etc. All they need to do, is basically to consolidate themselves. And be done with. I hope they do the sensible things !!!.... And also NOT to risk HK.. cos putting HK at risk.. puts the globe at risk.. cos many countries are also tied to HK as well... and THEN.. the PRC would be in DEEP poop poop !!!.... Cos other countries are not going to be so forgiving for dragging them down AGAIN ! The 2008 crash was about China as well...
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@Spyderdeztrade : I am not an accountant, but I am an IT consultant, that has specialised in ERP for many many years, and you can call me as a "financial systems' analyst" which is the title that I would get in the West. I also deal with and double checks the financial ledgers, and act as a technical backing support, whenever something goes wrong. As a secondary non-qualified systemic accountant. Maybe qualified to the AAT level. And yes, I have done or checked, technical audits, and have also worked in both government finances, as well as actual accountancy consultancies as well... So... It is expected mostly in the West, to have issues, cos you kind of expects it. This is why the way that you do finance, is structured the way that it is ? Every month-end, and for the USA, every quarterly-ends. It doesn't even matter, if you need to regulatorily uses a quarter-end, but you instil a strong process internally to check monthly, so that you have at least 2 to 3 opportunities yourself, to correct any mistakes. I think with large volumes like China does.. it is even better to have like tiered-upon-tiered checks. Daily, then weekly, and then monthly.. to quarterlies.. so that you catch every single one transactions.
In the U K, every single position as an accountancy sector, is and has to be done by a learning and practising accountant as well. So this is not new for us here in the UK. For some reason, the US doesn't have this, but they do have things like a permanent internal audit as well. But only for very mature and older companies that often tries to transition and to pivot into a new areas, and need more hands on deck etc etc etc. So... But most people, if their finance manager thinks that something isn't quite right, it is down to them, to change the team and to double and recheck etc. Otherwise, how can they sign off? The video did say that PWC actually did not sign off their accounts.. it was "advisory" only... so... To me, it comes across like, they didn't have an actual set and strong regulatory practices any way ? So.... and I don't even understand why they do things the way they do... Cos HK used to be an actual financial centre, with investments.. and now, this kind of "state model control" is like... you are removing the actual investment banking areas... So I don't get it. Actually. Cos this isn't how things are run and done in the UK, or in the USA ?.... So... There are public money, as well as private money, and then there are institutional investment banking... which is all separate from the other two. So even if every area is "state-owned enterprises"... then... I don't get it... I don't.
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@Spyderdeztrade : You need to remember that, many of us, used to do the manual double book keeping. As in.. literally doing an actual ledger check. And your peers, can kick you out, even if you cannot do it. A lot of people, or companies here in the UK, do not need you to take on a university degree any more. They expect you to come into the company, and to do the work, slowly but correctly. Even if you have actual manual method, you need to actually do and use the systems as well. They check your mistakes and they check your standards as well. If you failed the check and doesn't past the exams. Then you just stay in the same position, or that certain jon function, you can no longer do. So... the standards here in the UK is extremely high ?
So... you need to be able to do something by hand.. even before the computers became a tool to do the same job. Also, you need the same as well... when in reality, you need to be able to know the processes, from end-to-end. It is rare, for anybody inside China.. to be able to know the end-to-end processes, cos you guys have not been exposed to it. (By right, you should not know this, at all. So.... I can see why people hack. But when you hack, you are also breaching security and attacking both yourself, and your clients too. ) I can imagine the number of systemic issues as well.. that goes on inside china. Cos... before, it was open.. and then it was closed off. Even if something has been closed off, from you.. your management, should talk to you guys and have an actual chat as well. As not to let you be stuck in your mind... at all... so...
I don't think that they are classified as "auditors", more than they are and should be classified and be called as "Advisory". Advisory, is talking about the build up of possible issues, that is going to grow big.. and those areas, is expected to happen, cos you just pushed out a policy to the country, so you don't expect perfection and smooth running, would you? So this is why it is advisory. However, audit... is to have an external... arm.. somebody that you don't know... check your own work. Cos sometimes, you are inside the company, and you can have corruption between teams and between people. So that is why you would want an external audit. Random or otherwise, to check that team's work. I have had this done to my work too. We were not told... and nobody is allowed to see those individuals. But everybody is on edge, and you can of, sometimes know. It is only often gets told afterwards... So... I still remember my first audited work by Deloitte as well. German guy, he was. Came in, seems like a lot of money. But he did a thorough check. Nothing that we wouldn't have been doing otherwise, by the statutory method in doing things. And then he came with some recommendations in and on small areas. So we followed up on that. Maybe he stated the small section which we needed to know. But... he filtered the correct section for the different tier and layers. As accordingly. Really. I've since then worked for Deloitte too.Not a big deal.
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@venomlords : The thing is, because everything happens so fast for China, mistakes can indeed occur.. which it is expected to be as so and as such too... It is when they joined the WTO that converted into the current model. I don't feel that it is all that fair, to be honest?.... And in a way, China doesn't have to literally use this as a single thing....cos... they are using high level UN level style.. monetary style.. above their own internal developments, and small banks and their so called "shadow banking".. (Which is really, the olden ways to do their own living. Which is absolutely fine?....).... Sigh... The other thing is... when foreign diplomats go into China, they expect absolute perfection. Any body out... is an actual... death penalty or whatever ?.... But at the same time.. they shouldn't use these excuses to take one another out. i.e. prosecute... And also, they shouldn't have excess babies... unwillingly.... Some people still have a concubine systems as well... which is scary. Then there is that white lady, that was taken to a Buddhist country.. she was raped by those people.. and then her baby is deformed. Cos they expected that the land is full of illnesses... and she ended up writing about her ordeal.... She too was a banker. And nobody helped her. That was crazy. She now sits in the top echeolon of monk's structures. Now people worship her like a God. A lot of people still think and assume that they could sell eurasian kids as well... A lot of that went on too. Reselling of babies, cos they know that they would be taken care of by the West. So people deliberately did it as well.. Rather than to let nature take its course...
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There should've been an actual Asian Development Bank to stop this chaos, but it did not go ahead. That is why.... and now, it is a mess.
Oh... well there is one.. and it is even in more of an actual mess too...
https://www.youtube.com/watch?v=1j04K83O1yg
Laos ? Khyzan ?? Er... A lot of individuals are not even taught basics to raise their own country up, but women, are sold, left, right and centres too... so then, they have more kids as well.. and the list goes on and on and on etc etc etc.. It is never endless... Cos people do not even spend on actual jobs. As in, there are now pollutions, but then who should clean it up? It does not get cleaned up. Due to the chaos of so many things going on. Who would monitor the financial system? Nobody. Even Indonesian Catholics are allowed to become a 300 million existence... and children trafficking was never stopped, and no external foreign armies to stop children being kidnapped etc ???? Why ?? They did not even create an ID system either? Why ????
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@kyleaugustine6886 : Yeh but his cost of living is lower though. That is the ratio thing, on top of supply chain operations to get it there as well.. as well as overhead costings as well. The reality is that, that coffee should indeed be MORE expensive than it is already. The reason is that cos China, that is PRC does not have a commodities market for coffee and hence it seems like it is cheap. And they statically set the price at the point of its originally sold price point. But imagine if they did have this... then sure.. it can indeed go up as well.. like the rest of us had to pay for expensive coffee. They are kind of cheating their way out of things to be honest... That is why they want to increase that price point, but to be frank and fair.. should it be as such ??? And also, in the USA, you guys have a higher salary but how much taxes do you pay ? And you guys don't have a state medical care either like we do. We pool back our money to get this as well. Same with china. Well.. they do have free state healthcare as well.. which is the point. But whereas even though your salary is higher, you guys pay a lot more for your every day things...and what you earn, is what you need to pay. Even in Europe.. some states pay around 40-50% of their salary to the state for schools, medical care... pensions... etc etc. Even now, the UK's calculation is not enough for pensions. i.e. You need to have a state pension and a private pension and savings to see you through !!!! (This is why I hate these kind of chats about China, cos they aren't necessarily reporting explicit correct info. Everywhere you go, the range can vary from their province to their city or their states.. so it is meaningless...)
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@hailandfire1822 : It is very different though as well. Many doctors in the West, are not just a job. They actually own the business that they run as well. So it means that, their salaries has to carry the clinic as well? This is another one of those stupid media or social media thing, which can cause jealousies.. but without actual understanding of the obligations, the rights, and the regulations.. and the ins and the outs as well. So basically, I don't know about the USA, I presume that, the doctors also actually has to pay some kind of professional insurances as well. Cos the ones in the UK has to carry the weight of the building and has to run it as a side business, but with the medical side controlled and regulated by the state instead. Not the building and the salary, that too could be a possibility, but it is half privatised. Whereas it is clear that in China, their hospitals are carried by the provincial or city budgets. And they have to wrap it under some kind of SOE model as well. And then, either individual SOE or the collective, the entire thing has to be wrapped up as a listed company in their exchange...
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@blxtothis : Chinese dealers inside China, has no business acumen, and has no understanding of what is happening in Europe.. for the Germany company, so they are reacting trigger happy, right now. That is why... lol..... And this channel.. I suppose is NOT helping them. Just like, those food apps finding their way into Europe.. is not working either? Somebody were selling minus zero priced items ! lol.... OMG... i.e. The app company gets the food for free from the local shops. And then also .. charges the customers.. as well.. and gets the free food. They earn DOUBLE way? Eh ? Of course, they have no idea that, if they use that app in that country, they they need to legally start an actual company and list it ? They didn't do that... At all.. This is why, so many students... comes to study overseas'... and then.. they could liquidate the actual bank ? i.e. They max out their credit cards and then leave. lol.... Those food apps are the same too. They max out the local brick and mortar family businesses... They act more like a bank, than they do an actual supplier.
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Why do they keep doing this? Some of those kind of banks, , shouldn't be lumped with those foreign investment money as well. Since... the way that China rose, is the way that China rose. The companies, needed to reform, and re-enstate those debts. Which is fine? Leave the small people alone, and the small SMEs. Cos the big debts, or the SOEs, shouldn't been linked to foreign debts, and then the small local debts, and local firms, ought to be actually... for internal circulation only ? Shouldn't mix both together. Cos you cannot be both providing for the globe, and providing for yourself ? So... Plus alone, people are too obsessed with the pricing as well. They don't even actually understand when something should be priced as A in city A, and B as in city B !!!! We do that here in the UK alone !!!.... Why all of this "average-out price point" ?? I don't get how the actual figures are done... actually....
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@coryavila01 : Because to them, it was about following orders. Cos if you don't follow orders, then you don't get paid. If you don't get paid, then you would end up poor. On the reverse side, these developers, raise capital from the banks, and then they continuously make bank runs.. and that is why, they WANT to become capitalists, they assume that they are capitalists.... but they are not. Cos the banks doesn't connect back to the people ? So it means that, these people basically gets tortured. And those with those money, raised from the banks, they hoard that budget, and it doesn't get fizzled back down to the poor either. So it basically spells that... their monetary system is basically broken. Who the hell hoards cash in their own home ????? He acts like an Imperialists, than a capitalists, or as an communist. Even worst than before the previous dynasties.... (And I bet that, the old dynasties never told them the secret sauce of how things worked..... That is why.) In the past dynasties, if you did work, or helped do work, then you would get money, to the civil servants, and those civils servants basically build and gives back as well... and continue to use that money to build the society's civic buildings.... Is this the "OEM model" which China advocates a lot, and it goes into every single sector of theirs ??? From tech to buildings ???? These people are not stupid. Cos lands are only owned for like 70 years. So maybe many people think "it is not worth building it so well, cos it will be gone in 70 years".... That is the mentality, and I am sure that many people know this too. Some buildings will stay, and those are possibly in tier 1 cities already....
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They were receiving in more and more foreign direct investments.. that is what they were doing. So basically to absorb the money into the country, and then use that to turn things around... Build factories, housing, products whatever it may be. So these extra buildings, must be in different locations. As in... the GDP of regions. So some regions, wanting to become that region's local governor.. to raise its profile... and "win"... to be promoted upwards... They often borrow a lot of money, and build first tier empty buildings, in order to get the loans into those areas' branches.. that is what is going on. It isn't an issue as such.. but they should've used that budget to turn it into commerce. Or factories or something asap !!!!... As not to actually make an issue. And if a company needs to go bankrupt, then they need to ? The successful ones, need to run smoothly and together with other businesses, like a daisy-chains.. but to be fair.. to build that kind of trust, is tough ? And it IS hard ?..... The successful ones, probably didn't build it.... or maybe they experienced it via life experiences... hence... the HK financial crashes before. Which was EXACTLY the SAME EXACT THING. This was why HK was left behind by the British before anyway. And we are too close. Hence, why the 2008 financial crash happened too... and yeh.. we are still connected to China... unfortunately.... Suffering, isn't it ?... Lots of people just want out. It's too painful. Too many times. Over and over and over again.
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It's not. It is a muslim state. An extension of Indonesian and Malaysian dispora's paradise...
Cos they over took your Indian mosques as well... and no local police bats an eyelid obviously cos of "equality laws".. apparently !!!!! Meanwhile.. the local race.. that is actual Hans Chinese, have ran off into the UK with their so called BNO passports, to get a decent education. Cos they are not even given the 200 million HK Dollars which the "ethnic minorities" get...
This IBEL guy.. is worth around a whopping 1,400,000,000 HK Dollars.... And he is Indian too !!!!!
So this British Indian mosque.. I kidn of expect to be held as part of your assets or the British assets and be used or loaned this way. But oh no... there are now muslims that uses it. I wonder if they owns it now. I mean.. how rubbish is this ? Right ????
https://en.wikipedia.org/wiki/Kowloon_Masjid_and_Islamic_Centre
Mr Dhar is a millionaire.. cos he runs the goddamn school... !!!!
https://www.youtube.com/watch?v=CXqkIbCcbIw
I wonder how much he earns ??? He must live in a wonderfully expensive goddamn, non-auditable building or flat.... Cos why.... He gets this much funding, and the salaries are low? But why ?????.... And after 20 years, these so called kids are STILL not educated ?!!!? Shouldn't this centre be closed by now ? Since it has been opened since 2014 ???? Why does it still open as such ???? Even my mother was not allowed to go to school as a child.... and she doesn't get subsidised this way. Her FOUR children... and her SEVEN siblings support one another, by working abroad.... And why does people like this, get THIS much !?!?!?!! Can somebody tell me why ? Cos I don't get it ????!!!!!!!!! AND I pay Li Ka Shing for his Three network too !!!!!!
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@visitante-pc5zc : So ? It took my grandfather his entire life time to earn the money, that is, the price of the materials in order to buy the building materials with. And then my mother's generation to build a single house. And then in our generation, to live in that one single house, for three generation. So if we could do it, then how come, they couldn't ? And now, it takes around 4 children, to raise two children of the next generation. Even in HK... they had orphanages... and then the orphans grew up into actual adults. And then they were merely maids, in other rich people's houses... So I don't get, why the big boom in kids... The PRC.. if they left people alone, then they would take care of themselves. Like, those ethnic groups... in those autonomous regions, their population didn't exploded. They still only restrict their babies, based on how much rice they could hold !!! From a 600 million people, into a 1.4 billion people.. and the entire globe... cannot work enough to feed them either. So when would this end ??? Living in a commune way is not a bad thing now. Seriously. (And the thing is... lots of people in the Western countries, also have to pay taxes on top of their mortgages as well... and they have to also allocate a portion to pensions as well. That is attribute to somebody's child... etc etc etc... Some people's schools or pensions... etc etc etc....)
I cannot even believe that other woman, from that other video.. about her owning around 1000 properties? How is that possible ? I realised that a lot of the so called "propaganda" is basically "advertising".. or "marketing"... So don't believe in it. Not really. Don't.
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@MightyCrazy : No such a thing as "fake info".... cos I bet that, this is basically a very dynamic situation.. and they aren't in an actual control position... hence, they won't know what to do ??? .... Should've divided and separated region with regions, and then change local laws, and directly... Cos they aren't in a specific Turin-complete situation... how do you know where the leak is ?? You don't. There's a reason why in the UK... every town, is the same. Or tries to be. Same shops, same ways, same budget, same debts etc. Whereas the USA tried to do so, they section it by states... and try to always focus on the budgets within an actual state. Cos the PRC is so big... you can't really get an actual simple video. This might explain why they have an actual shadow banking sector... like.. an underground cushion.. which is not a bad thing per se. Cos then, they would be able to reverse and swap the figures as needed. Whatever model China has used.. they need to keep that cushion going. In a way, the influences from outside the country shouldn't be as such..... Maybe they should've actually created another currency, and then actually run things in a dual way ? That should've been the approach. And then debase when needed, but always kept the consumer side the same. And let the changes, be done within the closed door. So that, the individuals could do and keep doing what they need to do ? This is another one of those things as well... So...
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So that is a good way to learn. Cos that is how I was also taught too in school, when I was in HK.. and also when I was in the UK too. I had to hold a reading book... and read in front of my teacher, every single day. And then when I finish the book, I get graded. And then I change my book to the next level, or the level that they think I am capable of. She checks my speaking, and my grammar.. and my pronunciation. And then also my understanding of the book as well. She would asks me some questions from the book, to see how much I understood the contexts... and those "deductive logic" (i.e. Reasoning, and IQ)....
So you wrote that: "Meanwhile, students used to need to write a weekly writing journal, and then also write about topics studied. Now the writing journal is rolled into one. A journal of their own life in a way that touches on that (given) topic."
This in Chinese, we call... "作文" . It means "writing an essay". So if they are writing about themselves.. and how that topic touch them.. it then means and imply that, this is how they perceive the subject. Or other. Or how it impact them or how they feel. So how is this "restricted" ? This is basically writing an "opinion piece".... i.e. How the subject make them feel, and how it impacts them. This is considered as a form of journalism, and even self expression ??? (Which is what democracy is all about too.)
"論文" is theory, and philosophy. Even though the dictionary is named as "thesis"... but in actuality, it is discussion and thinking about actual... concepts, ideas... and so forth. Chinese academia, is FULL of theories.. for centuries, and centuries. It is embedded into its poems. It's essays, and its old writings too.
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They may want you to do this, so that, it follows the old traditional style of teaching kids. Which is what we did, in our generation... and children NEEDS to be actually a lot more confident in themselves also too. In chinese culture, you are expected to know the history, and the work of certain writers, and scholars. And if you could quote, and explain in modern terms, or even in olden style writing and academic style... You are more respected ? So this form of writing and reading, which is inline with social media.. Is actually not good enough. Not really for many individuals. And so many people, just quote a certain group of people, and not others.. THAT itself. .... is not very acceptable ? Cos knowing the writer and the person, indeed shows you and your understanding of the person, the individual.. and why.... and their role in their society at that time. So many so called "mythology" is well known.. and passed down from generation to generation. So....
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@41tl : You need to remember that, they are only unhappy and kind of upset, because of the figures. Cos remember... 1 pound, used to be around 200k yuans. So.... They have played around too much with their ratios, such that, they have literally lost focus or lost their eye on the ball. Whereas, we... in the West now, are literally quite bankrupt. And our figures, are basically set, and fixed. And we have stayed the same, for a long time. And most areas are literally charities.. we've beyond collapsed. So.... This is why nothing goes up or down any more in terms of inflation. We just literally recycle out money. lol... I realised this as much now.
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Then why was HSBC still there in HK then ? The entire bank, needs to be removed, and actually given back OR absorbed into the RBS back then and be done with ! But oh NO... This was "not on" !!!!!..... RBS should have been reduced to nothing, and then be absorbed back as well.. into the HSBC part.. but instead.. it crashed.. and went under... !!!!! Is this some kind of "Chinese Imperial Arm's length order" ?!!?!?... This made NO SENSE !!!!!!..... It isn't THEIR money after all !!!... And slave trade HAD been abolished ! And so called chinese financiers, DIDN'T WANT TO get themselves OUT of an actual job ! And now, we have this mess !!!!.... And now, so called "family office" is being created. But why? If you have nothing, then you have nothing. Why should anybody give you something? Out of nothing ? It isn't your money. Reason why people trade, is because they are part of the family. But if you are not part of that family, then why should they give you the money ???... Some of the Scots are the ancestors of some of the eurasians. So why is HK government, now giving away the banks literally into remote areas of those rural lands ?!!?!! WHY !!!!!!!!!
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You won't understand HK... cos so many commercial activities have a direct impact on the economy itself. Both the loans that they carry.. as well as the actual financial products to the sector.. as well as to the impact on the currency itself. This is why, som eindividuals do not want, or desire.. HK to have "non-understanding background people".. to live and to work there. I can understand why, they want this. They want HK to become a NYC... some people... do.. but there is a danger... cos the rest of the world is already onto a specific kind of actual... model... and they have transformed their own country in order to stop any systemic issues as well... that is why freedom of movement was important too. But as usual.. when you have a single policy.. people tend to abuse it, to the Nth degree. Like... so many families and individuals in SE Asia is like that....
If you think about why the old colonies died out... as in, why the Dutch Empire died out. Why did the Spanish emppire died out. So... and the British Empire. Today, you have so called "indians"... calling themselves Indians.. but really, they could be part Spanish. But they won't know that. Or to admit it. And then, you have some Spanish people.. with actual cantonese heritages,, working against themselves.. and their direct communities etc.
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Do you believe that ? Cos it scares me to see that, even regional banks can hold foreign reserves.. This is absolutely crazy ? And then, those "assets" aka properties.. are basically securities. As in, the kind of commercial buildings, which we would classify as in the UK, which takes years to pay off etc. But these individuals buy them, like they buy domestic houses. !fck... no wonder they don't even believe in actual stock market. This is asinine.... Absolutely trash. Like.. I didn't know that is how they operated !!!! Chi sin.... No wonder so many of these individuals, run off.. to foreign countries, and buy those assets, cos they assume that, this is what it is for....
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They are being very very harsh. They are teaching children, that PhD level materials. If you actually looked, and understood it. In the past, even though Beijing and Shanghai had the best English teachers. Many continuous studying, and explaination had to happen to create the overall understanding of the subject matters. Many of these individuals, are merely learning basic, nonsensical way to learn English "as a foreigner speaker". This is NOT good enough for any kind of international level, or UN level jobs, at all !!! Not at all !!!!
Why US and China worked, is also because you had also many many MANY good and decent Chinese diplomats that went abroad to the US to begin with, and build their railroads.. and therefore, slowly integrated China, the current PRC into the global economy. But the rest is not doing so well.... and there are no middle man, to speak in a fairer way either. And the global conflicts is indirectly causing internal hurt within the country also. So this is also NOT good either !....
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@noticedruid4985 : China have always had a plan... and they are actually achieving that as well... but the people are revolting, big time. Rightly so. Cos there had been so many decent and small banks. At the risk of wanting to "force UN level laws onto the people"... when they had some kind of semi level workable regions and solutions.. It tried to take out, political individuals in the government tier.. for the sake of.. what... governance and reforms ???.... It ended up forcing the population to live in very very dire situations....
It never could be run as a single one plan country. I watched a documentary about a man, who travelled from the Western side of the country, into Beijing.. and he still carried a photo of Mao... but he achieved that like after 20 years. He didn't even know that, the man had passed away, and that the polices or the reform have happened. He still went there, cos he still believe in what he believed in, like 20 or 30 years ago... Now, ask yourself, how many people could "change".... in Shenzen.. or "change" or "reform"... ???? They won't be able to do so. Herd mentality is often pretty strong. Many doesn't even know that it is a 1.3 billion population...
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@Solus749 : You do know that when you rebroadcast the original source, you need to show them as a sign of the company, and how you are distributing and that you bought them. You do know that, right ?..... Like those "AP " ones... You do know that in the areas of publishing, you do know that, you needed to... literally.... reference your sources as well.. And even if it is secondary or third party derived. If it is fiction, then it is fiction, isn't it ??? And that youtubers, aren't actually applicable in the entire globe scheme, or anything of the sorts. You DO know that, don't you ?
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If the single person that has the hukuo. It then means that, it is the "father" of that person, that could. So for example. My grandfather was from HK. Bo'an as well. Then my father were born there. Where my father is born, as we say in chinese, is my "hometown". Cos when they did that... the surname of the family tree, is solidified into the village itself. It is the name of the village as well. And the registration of the graves and everything else is there ? So.... Normally, it is the women, that moves around.. and then the father has their graves written there etc. And then the women, obviously, hopefully married.. are settled into those areas as well. So... Normally, you just DO NOT rename the city or the town ! (And this method is EXACTLY the same method as in Europe. As in Japan. As in the USA... and presumably, similar in other countries AS well... So why do people make it sound like, this is nonsense ??? ).... It is these days that people have mixed surnames, and all of these so called "globalists"... junk.. people don't move to where they need to etc.
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@rob1248996 : In Europe.. when you used to build an actual building... you need to pay taxes by the number of windows that you have. So this is why in The Netherlands, their windows were quite high ??? And why some places in the UK, are so dark looking as well. And with tiny or small windows... The size of the window matters.. and how big it matters. It is similar to the taxes on alcohols before... Like, how big is the foam on the actual pint of beer... It has to be measured, and it has to be precise. And then you have to learn how to pull a proper pint that fits into that measurement area as well... I suppose, now is the car parking. I didn't even know that in some areas, they also have the poll taxes as well ? I thought that was a lie, but apparently, it was real.... I thought it was a nation wide ban, but apparently, it is not.. and I suppose that each council could control their own budgets and therefore their running costs etc. Just that, it used to be such that, in some areas, people could indeed have a seat at the table as well.. so that, they knew what was going on etc. But now.. if you don't get involved... well.. people just runs away. Most people would. Cos it is too taxing, on top of those kind of work and jobs as well etc.
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@doctortermaine7255 : The thing which they did not tell you is that, they borrowed a lot of money to begin with, to study abroad, and THEN, they go back to a LOWER paid job... AND then... also... their parents still has the debts, as well as their child's income, is not enough to pay their debts off... as well as to feed themselves.. and also to feed themselves AS well ? THAT is what you don't see the circular argument.... And they are saying that, China, NEEDs to join BRIC etc... So those debts.. how is that going to work out then ? China BORROWED a lot of money, EVEN to get themselves up to a good standard of living... as well.. as the fact that, it was their parents' export before... which other countries bought... only to... So they themselves want companies to list in other countries, but previous generation is already done and reached there. SO..... They can only recirculate round amongst themselves... and not necessarily export... Cos nobody can be buying continuously...for the 1.4 billion to raise themselves? So... Qing dynasty.... tried to keep the people from inside the mainland side.... away from the shipping's export coastal regions... And those coastal regions sold items that came from the mainland anyway, so it kept THEM from poverty.... and then the coastal regions just got a cut, to pay the people, and then also a customs charges for the other countries AS well... So....
Anyway.. here in the UK, it is very common, to find a multi-aged team... and your boss could be 20 something and he is in charge of a 50 year old etc. So..... I bet this is going to cause issues.. in the mainland... So....
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@satriojumeneng7055 : In the UK... the King runs the entire country. He even runs the government, just that, the government tier... cannot allow him to make the final decision, but he owns the team of people, as in, he can say "I do not want a parliament to exist any more"... so he can end all of their jobs. If he so wish to do so. However, the talking, the discussing... of the good and bad to any decision to any situation... they talk it out.. And then the group finally vote or make adjustments to policies, so that it is always win-win... and not win-lose.. EVERYBODY in the whole country participates in this. Cos it is your own life, and your own destiny. This is why they do it. But he doesnot get involved in those discussions.. and nor does he vote on those things. So yes.. it can exist and it does exist. Similar with the Japanese setup as well.. The issues is that, it is not merged or integrated with the PRC... The PRC does not classify it as religion Vs government. And the way that you guys follow religion, especially evangelical Christianity as well... To me, you guys are a bit of a con... in how you run the churches and things. It comes across as more government role, than it is a religious role.
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@wizard-of-other-oz : This could be based on currency exchange rates. I quote:
" Early Currency in China
With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.
Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan."
So yeh... you can see why, my mobile in 1998.. for 300 pounds, equalled to around half a million yuan ? And at that time, some "cities" had no banks. So then they keep it in the biscuit tins. And cos they don't bank it. Then the numbers run out. So when the numbers run out. They get duplicates. And then they add a new machine, that cannot calculate up to that high figure. So.. it ends up this way. "Uncertain overall GDP figure." Cos basically, systemic errors everywhere... but of course, they say some are legal. Maybe it is, but then they don't say. So often, absorbs some of the old western way to do things. And it ends up worst etc. It goes on and on... etc.
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@MrGerdbrecht : Because people coming from India... are very "competitive"... as in, they are "fighting amongst a lot of people"... whereas.. many are very used to a "9 to 5 " life.. What these modern migrants do not know is that.. they already HAD been building up the country, a LOT... as well... from scratch. What they see, is the benefits of the hard work from the past people? They don't appreciates it ? They don't appreciates it. Cos they just "want to earn the money"... but they were never "shown the people died, for them to be here today.. using those items".... Most SE Asian bosses are very mean, and are very very nasty... actually. IBM is different cos it is those people's fathers who have died in the wars... and hence they would make it every single thing.. to make it smoother for others. I don't see these Indians to be dying in wars... they haven't actually.... Let us see what happens when that happens? And a lot of SE Asians often say things like..."but we don't invoke wars"... like heck, they don't.... They do it, in a different way. i.e. Have more children. Than there are food. Have more salaries, than there are money. Hoard resources, and not share. Sharing is better, but oh no... it doesn't work. We are now into 9 billion people.. under a mere 100 years... This is why most Indian moms guilt trip their children.... to comply. But if you are a parent, not having extra children even for a mere 8 to 10 years in India helps... the global world. Fancy that !
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You need to understand the history of china. Cos that South West region is part of the "autonomous region". Meaning that, they run themselves. And what they are a part of, is that, in their so called "reform"... The "PRC" identified around 56 ethnic groups. (I dispute this to some degree, to be honest.) .... So.. by right, the so called "ethnic groups" are nothing more than "clans".. and the Western media had always written it as such that... "those are warlords".... But what if they were... "Imperial Families"? Flip the narratives upside down, and call it..."PRC has around 56 Imperial Clans and trees in the entire PRC Region today." How do you see the situation then ? So therefore, why are those individuals all in government positions? Maybe cos they are the descendents of the Imperial families? Or they basically kept themselves to themselves, including the land that was gifted to them by their ancestors.. and hence, any other individuals... I presume that those specific families living in the outskirts might not be part of those family trees. Cos their ancestors fought off a lot of invaders over the years.. and managed to keep themselves contained. HK once tried to do this too.. it tried to fought off invaders.. but it lost. Lost royally and lost very badly. Despite the latter elites or Imperial elites coming down like a tonne of bricks. They still lost. The latest Agnes Chow is such a sacrifice. I had no idea that her families went as far back as 1500s... Which meant that even before the Dutch or the Portugese or even before the British were there.... And today, HK is lost, is because.. so many "mixed race dispora" took over the entire region... and hence, the current legco.. is so ruined. Cos some people tried to fight back but couldn't.
Li Ka Shing was a Canton Imperial Elite.... and even he cannot hold on.. and his second son married into European ancestries... (but he tried to cut him off).... as rightly so. In recent years.. due to the political climate, he tried to gain back his second son's daughters... To strengthen his own position. He did at one point in time... sold out from the mainland... and actually... Well.. his second son went against him. And the rest is history.
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@dirkaminimo4836 : You don't get it.. imagine this... Your grandfather owns the land, which you live on. So therefore, you rent it... for your own consumption. Once the 70 years is over.. (presumably, that is how long you live on it... etc etc etc)... You can either pass it onto the next generation... or that you could lend it, or rent it... to somebody else outside of the family. Now which option... do you take? Normally, you would make sure that it runs inside your family, really. That is how it goes...
Or... so your grandfather owns it.. and it got passed down onto you.. So then you rent it, to his brother.. and their family tree... and they lived on it, until they can't. Or they didn't have the next generation, and then gives it up. And then it falls back onto you. While they rent it, you get rent. If you think of it like that... how do you perceive the situation? Presuming that, there is no such a thing as "inheritance"... per se.... (So the Japanese way is that, you have to pay out the loans... and that the land, is yours.. once you paid off the loan. Most families take around a big 1.5 generation to pay off the mortgage. And that the land... well.. some of the land are owned by the old Samaurai.... with the Emperor overlooking as the mediators etc.) Take a step backwards and think, what is China doing? How do you perceive their model ? I think it will make sense when you step back and understand it from another angle.
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Now I get why they do that. They raise the fees, cos the interest rates went up. So it is fluctuating... all of the time ? What they should have done is to have less buildings, and then increase or reduce rents... occasionally.... and write it down in black and in white. So that they could boom, and bust easily. And rotate, and have SOME stores that could be rotational and experimental etc. And some stores to always exist and lock them down. This would have been able to cushion the effects of them etc. Cos if they didn't bust the HK's financial model... and let it become an actual financial centre, and had an exchange that deal with currency exchanges.... Then they would not have this boom and bust cycle. But instead, of IB... what did they do? They made their entire country full of IBs !!! Rather than to have high street banks, separated from their IBs... They did not do that. In fact, that guy that went to jail.. when HK was trying to save what you are now seeing... That did not happen. This is why... when Trump tried to get them to do proper reporting to save themselves.. and to have PRC be an actual global player. They refused. And now, they want those "I am backing my country with a currency" deal... Well... this is like rolling back the world to before the world war. Just after the world war... They basically absorbed their currency inflation from the past. They devalued their currency... so this is why, they will find that things will get more and more and more expensive for themselves soon enough. So I don't even think that the Silk Road is going to be any cheaper. Cos the yuan is too strong actually.
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They're not falling apart though.. are they ? They are making mince meat out of us.. cos they didn't put in actual strict control... like.. how could they change their own financial systems.. without asking the rest of the world to begin with ? Read this for a laugh.
"Early Currency in China
With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.
Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan.
The Renminbi in Foreign Exchange
During the command economy, the Chinese Yuan Renminbi was set to unrealistic exchange values and as a result, severe currency guidelines were put in place. When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar. As a managed float, the Renminbi's value is determined by a basket of foreign currencies."
From before second world war... 1 new yuan to 100 000 old yuans. And then... 1 yuan to 8.3 us dollars. And now... ALL "foreign banks"... literally.... connects to Chinese banks... And they are inflating US....!!!... And those are credit card DEBTS !!!... So they blow us up... to be unaffordable... And then get us to buy their goods... etc etc. Do you see? So it is like... I hold the... fire touch... I heat up the pan that you are standing on.. and I make you jump and dance for them. Do you feel this is correct ???
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@dnomyarnostaw : I am British Cantonese, of course I know what the HECK is going on !!! And it ISN'T how you are presuming it to be !!!
"Early Currency in China
With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.
Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan.
The Renminbi in Foreign Exchange
During the command economy, the Chinese Yuan Renminbi was set to unrealistic exchange values and as a result, severe currency guidelines were put in place. When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar. As a managed float, the Renminbi's value is determined by a basket of foreign currencies."
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@HKim0072 : HK was fine when it did have an actual FX exchange. Cos now what... now they are realising that actually.. the figures aren't right ? Aren't correct? Why ?
"Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan."
So... which bank actually had the old yuans then ? Weren't they counted and taken back up ? What happened to those ones then ? And then, what about the new yuan ?? Didn't they think about merging the banks together, so that, they COULD indeed get those money back? And make sure that, it tallies? Every single one of them ??? And they don't want an exchange to deal with these discrepancies ? Do they REALLY think that shorting is about shorting to make money, or did they think that it was actually to cushion this kind of risk element, when those money find its way back into those banks, and then counted or knocked off the checklist ????? So these banks doesn't have insurance or a vehicle to deal with fake moneys ? Or whatever ? Oh how WEIRD indeed !!!!
You depreciate your currency and has no mechanism to find them find its way back. And yet, you don't think about how to keep the economy afloat either. What was the name of that guy... that one that suggested some kind of securities exchange.. it was securities wasn't it ?.... The high street banks that turned investment bank, that turned into an actual central bank. What the flying H does this government want ???
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@martin32074 : Auntie lives in the UK. Was born abroad but was actually a child that also lived in HK as well.. when I was younger.. you are an ass ! A dumb dumb DUMB ass !!!
"my point is xi want to change the industry structure from relying on real estate to mid to high end manufacturing" <-------- THIS is already happened. It HAS already happened. the North-Western side of China, has converted from mining, into robotics already. It has DONE. Auntie is 46 this year already.... your asumption that, a population of 1.3 billion people, could be actually NOT have at least 100k people doing this type of work ? They DO exist already ! Maybe it was not inside Shanghai. Or that it was not in the city that you are brought up in. And that is why, your piece of news, or whatever news you have read, is only isolated to your region.. but what about the rest of the society ????.... Auntie has seen gazillion amount of chinese people, turning over in and out and in and out of the city that I raised in. And also, when I left HK... it was still quite less developed. Now ? Now it has become an actual land bank. i.e. Mainland chinese, used the land.. and use the governor of HK... to raise capital.. for their own debts, back inside the mainland.. So that they could maintain their position in the structures. Let's be honest here. We ALL know what corruption looks like !!! And so many million films, movies.. about corruptions... It goes on and on... In other countries, they stay in the same city and live for many years. They try to make it stable... They don't leave. Why does so many chinese often always move around the entire country ? And why always often, take the resources from another region, and call it "profit" ????....
Your so called CIA romantic story... sorry... but you are warped. If you think that, the entire economic situation was merely to do with those so called "protests".... Those videos are deleted, could really be because, they don't want to rock the structure of the political system. How could a 1.3 billion be called "a country" ? It is not. It is an actual united nation in and of itself !!! A chinese united nation... this is what it is ?.... Even in Europe.. people don't tend to lie.. They tend to be honest with each other as well. Especially if their lives are going to be impacted. "I am running out of money.. we cannot make this move." Or a "we don't have this budget, but we can squeeze back out the money from here".... HONESTY !!!!
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@bay29 : You cannot really say that this is "corruption".... cos.. IF indeed the PRC had an actual Health & Safety law.. then going against this specific issue, is indeed, and could indeed be seen as an actual "corrupt against the H&S law"... but I am guessing that they don't have this anyway ? SO... therefore.. if indeed, they are a budget contrained issue, and situation, "at that time".... Going with their flow... instead of creating more of a budget deficit... is indeed the right way to monitor their own economy though. Isn't it ? Do you know, how much... vocals... they have against this specific project ? And did you know, how long it took them to derisk, and remove the death penalty? I used to think that, they should indeed bring back the death penalty... but I never knew that... actually, it used to be abused, so therefore removing this means actually... an actual better situation. I can just imagine, how frugal they must have to be... and if it was not for foreign overseas' chinese both buying, and also remitting money back home.. Then I don't think that they could even have pulled it off to this extent. I never knew this is what went on... Right now... I think the risk is higher... cos it seems that... the situation has now escalated into something else altogether. i.e. The control of the media, or the control of jobs and economy etc.... It isn't wrong per se... for China, to use their best resources to achieve their own objectives. Which is electronics. They can create better concrete now.. and hire more chemists to create better "fillers".. to backtrack and to mend this specific project. And if they need to use softwares to do stimulation now. Then that is their strengths, isn't it ? Utilise their best educated individuals... is the way to go, since they are already educated.
Maybe they also need to reduce this meritocracy civil servant thing as well... and have some areas, as just small villages or more autonomous areas.. etc etc etc... Without impacting anything else. Use another regional currency if it helps etc. Help create mini 60-70 million "provinces" that acts like most European countries, with their own currency control, without such impacts.. etc etc.... That is how they should resolve things. IMHO. And they need to ring-fence these kind of capital projects. And make sure that it has its own controlled finances, and have a team of finance analysts that does the entire audits, from end-to-end etc. So that this can indeed be discussed as need be etc. They have so many people... The only reason originally why the PRC hit the mark in growth was because they had a lot of consultants too. So to put them down now, seems somewhat nonsensical... cos it was both US and UK consultants that entered into the chinese market etc. You cannot fight so many actual fires at the exact same time.
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They were overcharging you anyway.... and this is the exact issue with China.. the so called PRC. Cos they don't do normal. As in, they don't do correct audits and calculations etc. They have had a lot of bank runs as well.. and this kind of increase, without controlling their currency rates and ratio.. is also a form of "printing money" as well. But the man does not know that, cos they assume that to raise the actual ratio to pay off their own debts, is enough. That is how dangerous it is to give an uneducated man, in charge of money. (And there are also issues like, forcing rural individuals.. to be living in the urban areas. e.g. Those rural citizens, they have paid off their land, and live off their land.. and is debt free. So now, they want those individuals to be moved into the urban cities, to carry the debts of those idiots.... Even in the UK, and in Europe.. people don't do that. If you provide rental.. then you don't try and raise the prices and the ratio.. to be non-sustainable ?... Cos what would you do then ? ) PRC should NOT have joined the WTO at all. They have world bank's offices there.. and couldn't even handle this. And at the same time, they are ultra.. sadistic.. sadistic in the sense that, they have the blue print of ALL countries' actual financial model.. as provided by the World Bank as well... And as you can see. This is ultimate carnage ! With so much support.. and know the insider details of other countries as well... and they opt for this option ? WTF indeed. VERY irresponsible.
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@stischer47 : But.. every time China visits, you get a percentage of their central bank's money, and they expect a lot of things from you, especially if you don't repay it back. They will own your land. But if USA visits.. every time you earn or get a loan from them... it is nothing but a mere loan. Cos there are SO many rules AND laws.. to stop USA from taking over your entire country. This is the differences between the two. China, could indeed make it bureacratic, so that they don't own your country. This is why, when Chinese diplomats visits. They appear "harsh"... and start to hit at people. Especially the local employees. However, you are using a percentage of money, from an entire 1.2 billion population... This is why, they cannot justify their 1.2 billion to starve.. while they gave a lot of money to you, to use?... So.... but many a diplomats, isn't like those from overseas'... Cos we do everything, and we see you as equal.. Cos even in smaller countries like the UK. We do every single thing ourselves? Like, literally, every single thing... But in large countries, they use more tech to help lift their lives.... This is the difference.
This is why you would find angry netizens from coming out of china, I guess.. in a way, I can see why.
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@stischer47 : The thing is, even as an oversea's chinese, I don't agree with this. The harshness of the consolidation of the entire country. And this is whereby you often hear some pratts.. I figured out who they are... That is the Thai-Chinese non-Hans' pratts.. in wanting and needing to monetize something, in the pursuits of what.. exactly ?.... Many people did indeed live off grid and off land. And they were okay. It is often the case of needing to reform for the sake of reform, and then everything is lost or gone... kind of thing. Sigh... I dunno... and then there are the insubordination issues.. like... .. helping a chinese here once they move here into the UK, say. And then these ladies act like they are about to... They basically bump you off... lol.... Despite, your taxes, goes to their school and their pots... but they will feel the need to feel hungary hungry.. and bite a piece of your sodding arm. Despite her.... or her boss telling you that, "we pay our own ways"... Sure.. as heck, you are. Cos it was our taxes, that built the school.. that gave you money and gave you also healthcares as well... so you coming in to open a sodding bank account and a stage, and then retell the tale.. and forget other people's money, their actions, and their wealth generation actions AS well..... !!!! I am sooooooo maaaaaad !!!!!!.... Jealousies is not a good look, I know... but sometimes, you just wanted to say... "Hey... you.... there.... just... ssszzzzup !.....".... Grr.... I once heard another lady batted back. She said.. "yes, yes, yes.. it is aaaall my fault....".... And then she walked off. lol... Maybe I was not raised in those conditions. lol.... And I thought that fighting for affection from your mother against 3 other siblings were tough enough... lol..... Ohhh... I am soo wrong. lol...
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@coastcity7029 : During the lockdown, all countries, took back their debts, and their money from the opposite countries... So this is why now, we have hyper inflation in many regions... And this is why also... China, they listed all their tech companies on the Beijing stock exchange. And then also... they forced Russia to sign oil deals with them. But Russia is now meant to give their oil to China, and withdraw from Europe !!! And Europe went into shock, cos the oil from Russia is a lot ? (Europe merely survived the last winter.. but this coming winter, is going to be a big problem too. And this is why the foreign companies, all exited out of China. China also did not have enough energy too. They released their oil to help the global price. But then.. they had to also close their own factories too. And many stores also closed too. The same with UK... and presumably Europe. Netherlands, had an indoor farm, and their government also forced them to closed down their farm too. Cos it took too much energy.) So yeh.... not everybody is happy with China's decisions !!!! i.e. They took the oil that is meant for Europe from Russia.. for their own use. Cos Australia wouldn't sell more coal to them. And yet, they still want to sell more things abroad and export ? But most people don't want to buy chinese goods any more. Cos they keep going round. It is the SAME second hand, or even third hand things. All the time !.... You just need to look at what is happening in HK and in SE Asian countries to know that the same goods circulates round and round several times....
FYI... Africa also reduced their electricities as well. Sri Lanka went into shock. Also, Lebanon also went into shock too. Cos they had an explosion... and it wiped out their city. Hyperinflation across Europe...
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The more I watch these videos. The more I don't think that these are "mortgages"... They are more like... "imperial land sales".. or something to that effect. So how come they don't have those rural lands then ? What happened to those banks? And why did those local and lower level banks went bankrupt before? And why now, the central government is controlling with a central bank model? They shouldn't do that... at all... It is weird that even local banks could do foreign currency exchanges, despite them not selling anything. How is that possible? This is why their so called "shadow banking" sector... is collapsing.. I think they tried to circumvent that from happening, but it didn't work. And let us not forget that... the yuan were debased.. in order to "unify the entire country's financial system"... Should it be unified? It does not need to be unified !!! If they think about it. As long as people have food and shelter, it does not need to be anything. Keep it simple !!!! They don't even understand this kind of exchanges between regions... it is the same in the UK too. Some people can be an egg for 10p... but others could pay like 50p. But this is fine too. It works out. And your salaries, bank it ! Put it in the bank! Don't liquidate and keep it in a biscuit tin !!!! And keep counting your money, EACH day !!! The thing is, they don't do these moves... this is why it goes bad. And businesses, to them is "big boom, big bust".... (And that takes down the banks too. Every_single_time. Ev ery_time.)
This is why in the USA, they have M&As... ALL of the time... ALL the time....
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@dongshengdi773 : And Indonesia, have frankly never stopped... exporting ever since those SE Asian financial crashes. It IS about time that, they stopped being stupid people and curb their own actual population controll !!!! They are growing faster than China alone... From 150 million people, jumped to 300 million people under 40 years? Did you know that, even in the UK.. from 70 million people, they only jumped to around 69 million people? Most people left, and must people abort as well. When they don't have the money, they don't have kids. Until they saved it. And yet, during that time, they still pay taxes to the NHS, as well as local taxes etc etc etc. Do you give 家用 to your mother or your father? And for them to save you a dowry ? No ? Well... UK chinese kids here do. Their parents would give them pocket money to do chores. And once they have done them, then they get pocket money. And then they save this up, for their own future wedding. And THEN.... even for English kids, they are the same too... If the child is 16 or 17 or even 18.... they would go out and do casual work. Working in the farms. Working in the bars. Or Pubs. Or do newspaper deliveries.They save that money and give "board" to their mother. So that she is helped in some ways to the household bills. THIS is the kind of environment I was raised in the UK. WTF has and does the rest of the world OWE... to China? And even now, so many people don't have as many kids... Some, not at all, even. And I hate that, the social services are supporting many more refugees, and they were never part of the British Empire too.. and we have to give a lot set of our savings towards them.. people are SO angry.. you have no idea... sometimes I cry about this fact. And sometimes I am also SUPER angry too.. at what some of the UK banks did too. Which is that, they save YOUR ASSES in China ! Like.. my dad's pension went into Santander.. and that company went and bought some assets from HSBC in Shanghai !?!?! WTF...!!!! Why are they doing that kind of global business !?!?!.... And yet, you guys don't even appreciate "the West"... Oh yeh.. keep on spending, cos we're super angry about it !!! (Oh, I am Cantonese, BTW !!! Super angry !!! And what is that about "The west used us" !?!! REALLY ?! Including the "Western banks used their money to save our asses in Shanghai, but I never knew about it " !!!!!! ) WELL.... KEEP SPREADING THAT NEWS ! COS IT IS REAL ! AND I AM LIVING PROOOF !!! I DON'T NEED TO DO A KOL ABOUT IT !!!! I don't need to be an influencer!!!
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@embun1945 : USA did not goddamn print any sodding thing. I bet that is just a media lie.. I bet that, in truth.. China couldn't hold themselves together.. so then.. what happened next is that, they mis manage it... and then they have to get other foreign companies to both buy them out.. or to use them to eleviate themselves... or something to that nature. Cos how could a 1.2 billion people be all on the SAME equal footing and earnings etc ? They don't buy it. and they don't see it either. They don't even really accept.. the idea or the notion of leverage and ratios... So I had to pay like 5 pound.. to eat an orange say, but they have to pay only like 3 pounds. But they don't like it.. when prices go up... and they don't see the end of the reasons why their prices went up... cos why ? They flip open the internet... see a ratio, see a price, and assume that "AHH... I need to be paying too much." (But behind the scenes is what.... it is THIS entire process... Farmer > Logistics/driver > Distribution centre > port > country A > consumer/customer. That is SIX companies... that have to take the prices of. SIX companies... that needs to get paid. What do you think China is doing? I bet that they have already bankrupted and collapsed a few times, so now they are trying to do like THREE companies or something. Instead of formally doing a clearance and resell those stocks WITH a proper value.... (I bet they went and stole them from those bankrupted companies.) So then.. they see a price online... "In the UK, I will sell it as this price, cos I have seen something similar." (Kind of BS !!!)....
Maybe this is why people are disillusioned... cos if it was not, then why does Alibaba exists with SO much excess stocks ? Like, more stocks then the world needs ??? If China supported currency leverage, then they shouldn't have let the HK's position as a leverage disappeared... That is THEIR fault too. Along with the various SE Asian countries trying to be clever.. and the thing is... the PRC Government SHOULD see these SE Asian countries AS enemies, but they don't.... Cos they will keep letting them using THEIR currency as a leverage but not them. I AM FUMING !!!! What... an "Indonesian maid"... can earn around 1000 multiples... as a "maid"... and gets paid in HK. Meanwhile... I HAD TO... buy a STUPID... dead fish, salted.. preserved.. for around 1000 HK Dollars, if I recalled.. in HK... Cos my mother would do that. At that time, the exchange rate ratios were around 1 hk dollars = 100 yuans !!!!!! OF COURSE, I WOULD BE SUPER HAPPY !!! WHO WOULD NOT ?!!?!? And then, those maids got... like 3-4 thousand hk dollars AS well ? What was the exchange rates in late 1990s ??? (Just googled to check... 1 hkd = 310 rupee in 1997 !!!!! OF COURSE THEY WOULD BE SUPER HAPPY !!!! AND NOW THEY HAVE GRAND KIDS !!!! WE DONT EVEN DARE TO HAVE KIDS !!!!! UNFAIRNESS DONT YOU THINK ?!)
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@RodrigoPalma700 : You only need to know one thing and one thing only....
https://en.wikipedia.org/wiki/Punti%E2%80%93Hakka_Clan_Wars
When the opium war started.... people always remember this. But not so many people remembers the death of the 1 million punti people in HK. That is, the Qing dynasty tried to get their own people into the area... and they got some of the Northerners to go down...and then, this was when the kick off happened. In fact, Britain had HK since 1830s.... and it was a slow trade. There was also an actual grooup of people there already too. And HK was not an unknown destination. It existed since the Song dynasties. There were actual landowners that lived there. And the British, only documented the people that they know, or worked for them etc. And they don't have visibilities... (or this is my understanding).... of why there was people there. There was a famous rock, called Song Dynasty's rock.. which existed there. Some people say that, the people died and that emperor of that lineage died... But HK was an Imperial Oyster farm to begin with. They harvested pearls. And this was sent to the local provincial governor.
Why were the actual people fight ? Who were these migrants? They call themselves hakka... but where are they from ? This is why sometimes even now... you need to know the migrants that lives in Singapore.. as in, which heritage they are. Most Singaporean have heritage from Fuijian... and not HK or Canton.... It's important that you don't take the wrong side here. And the UN convention IS supposed to protect the people of the land !!!! And recently, even somebody stated that, they preserved some heritages... since the UN law came in 1960s.. but in reality is that.... the law is to protect the local people that the land belongs to and let them build up their families !!!!! That is in ALL UN convention !!!
https://www.youtube.com/watch?v=hVcpZsem_lw&list=PLK7qCnafFFJb4XxCU_5gP5uuRbp2u_gQa&index=48
She said it the best.... she clearly stated that the party itself.. was a new thing... and that, you shouldn't confuse... the state's money..... to be that different to the actual... rest of the world. The UN does not override actual people, and their positions in life, or their heritages either.
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@gamasoppo4915 : In the English language, we call this "the mistress", because in the UK, the law, does not allow a man to have more than one wife. There is only one single wife, and she is the ONLY wife. Any woman that you sleep with, outside of this marriage, is considered as cheating, and there are laws to protect that as well. This kind of 包養, don't tell me that, there is this residual legacy from Imperial China... left over.. to do this kind of thing ? Even Japan does not have this any more, do you realise this ? What Japan did, was for the different wealthy families to pool together their wealth and money, and then created a bank. And then the bank actually loan back to the businesses. And each generation marries their own age group. And they also don't marry the same family tree either ! It really is not that tough to work this out, you know. I cannot believe this kind of thing happens... like even now. After like 70 years. All other "advanced" country, hold back... so that they also follow this kind of rule. Why is China always wanting to break these rules ???? Why ??? These youngsters really lack common sense. And lack dignity for themselves, and for society as well. Always just want the trend and does not have the empathy to change a society....
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For 500k, you can get a green card ?! 800k is more like... which is an actual business. And lots of people inside the PRC is uber rich ! Lots of properties... etc etc. Why do they call it "consulting" ??? That is trash.... cos it consults nothing. So they slowly put forward 50k per year? I don't get this....
To me, it is clear... cos the original ROC.. it had yuan... and the RMB was newly created and used within certain region, wasn't it ? So... And Shanghai and HK had always been a trading port. So the "trading notes for foreign goods" had always been.. isolated to that areas only. So.... To those who understands the PRC. It is simple.. but if you treat all areas of the whole or the entire land as all the same and all region. Then I assume that it isn't so.
A couple of things make me curious... 1) why is an "immigration office" actually do this ? Cos the way that they are treating it, is nothing but merely moving money, without actual businesses and actual business contracts ? 2) She is a party member. If we see party members as the old Imperial Dynastic model... Then why do you or why would you allow imperial money to leave the country? And even so... shouldn't a bank be doing the transaction and not her ? So why would any actual exchange... be moved out this way? Details are important in this story imho. 3) Was she also an actual party member, but moved to the wrong location, cos it is the local Shanghai police arresting the party member here. She is also Chairwoman of Wailian group as well. This kind of makes it bad, doesn't it ? So this doesn't fit into the whole Wailian MNC's company audit. Is this company, part of the actual list of companies that needed to be delisted from the US side? Cos it seems to me that she is treating the situation as "donating local money to expand and to move party members, than it is for investment to go abroad".... and this is not a functioning business.. it seems.
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@GameFuMaster : So they created a mega big MLM. Which... even the US have actually stopped it. But the problem with China is that, they should've reduced the number of... and also, they didn't change the politics. They tried to make the entire PRC the SAME.... rather than to actually.. what they should NOT have done... is actually joined the WTO. Cos they joined the WTO, and then they broke their own actual banks, and their actual own governance as well. And then they tried to make everywhere the same, even though they tried to label areas and regions as specific "tiers"... by wealth and by regions... Well... This is what happens when you try to expand so much. For a population of around 1.4 billion, they could indeed afford around 20 odd banks, different types.. rather than singular chains.. across the entire board. Cos they tried to get people to live in those regions and move, and re-register themselves, and decouple from their own original hometowns. Rather than to actually.... stay in their own hometowns and develop it. This is what happens normally... everybody loses. You want to create the various leverages, and yet, you still lose... as well... royally.
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@franciscouderq1100 : If their job lies in the sales figures... do you really think that they would want that chat and coffee time with their customer? It isn't British banking, that is for sure.. and they are merely processors.... Not like in the UK, you once needed to jump through hoops upon hoopes to get a loan. Not like today.... And now, I get why the USA went through a financial crash.. cos some of their debts, I watched from another YOU TUBE video.. came from the chinese side... of foreign companies, those subsidiaries.. And now, I guess this video shows that finally, even the chinese companies, are taking the matter a lot more seriously too. To hold tight their cash flows... Well.. about time too. If they need to become advisors... and watch their their clients' P&L, then they should do it ! Cos more than one pair of eyes is good.. is it not ?... So... Until they rebuild the trust amongst themselves once again. Then... Otherwise, the market would always stay collapsed. It is down to their own processes and things...
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In the past, their exchange rates were around.. like... 1 pound to 15 hk dollars.. and one gold yuan.. equalled to around 3 million yuans fabi. (I think "fabi" means "foreign coin" or foreign exchange or other.) I translated it, and it says it's "fiat"... unsure if this is true. But they used to use silver... and then they added gold. So all of this talk about them "unification", they really mean "economic financial system reunification".... is what I read it as. Cos why else, would they be THIS aggressive ???
"With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.
Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan."
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The reality is... they live an okay life. They just don't get why some currency is not in a certain way, or what else is going on, in another area of their country. So... this might be why, they don't see the difference between the 1st tier, 2nd tier.. 3rd, 4th etc. I bet it is related to actual currency exchange rates etc. Which I bet, their own people don't understand either. Or they tried to skip it or something.
So China has the gold yuan, and the yuan-RMB.
1 Gold Yuan = 3 million RMB. Basically.
To keep people happy, they reconciled, and spread the wealth, into those arguing cities.. the communist areas.. so then, those areas,exchanged into:
1 new Yuan = 10 000 old yuan. So then, people felt rich, cos they just had an actual increase in wealth ! And therefore could buy more ! (In a way, this is like allocating local provincial budgets, isn't it ? So....)
I don't know what else happened after that... If they live in a rural area, and yet, they could indeed keep food in their tummy and a roof over their heads. Then does this matter all that much? It shouldn't matter that much. The issue is.. should they use this kind of methods, to raise their own GDPs etc ? The need to figure something else out here. Cos it does not have to mean this way. Not at all.
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@johnstreet797 : Originally when people say that China's economy was "growing"... it was growing, due to the connection to the WTO. That part, grew... . and as far as I know... it was from materials like Yukon Huang's lectures on youtube. (And he used to work in World Bank... and China has two offices in the World Bank.. as far as I am concerned.) I find it odd that, these kind of channels now exists... it could be because they must have fired and restructured their media.. cos the media, were merely following "inside PRC info".... (without their UN / World Bank/ External Foreign Finance info) ... piece.. Cos frankly, are they privvy to such information? My guess is a good "no". This is whereby... Yukon was VERY clear... when he said and chose words like "the shadow banking sector" from within the PRC. Meaning that.. he is pitching... the... "if we peg the yuan to the gold, and then use the world bank's model via their own import and exports"..... (But most chinese INSIDE China... does not care for these kind of imports and exports issues.. Cos they frankly would not know what else goes on anyway. For a 1.4 billion existence... I am sure that some people are living quite happily as well... and it works out.) It is when some pieces has shown online that, they have so many people, that, even their banks... are actually not enough. As in.... their computers couldn't cope with actual... counting... hence, the duplicate bank note issues. To me, it is so simple. Do not use the same notes, but use different notes. Or to use the same currency name, but lock your actual banks, to specific region. Which is why some areas, they print their own bank notes. So then if those bank notes goes BACK to the SAME banks... Then they won't have this kind of liquidity issues at all ? Make sure that it goes back to the same bank. And once a while. Ask their customers to recall... and send back those notes etc. etc. If they kept to this.. then I think it would've worked out a whole lot better... imho... No wonder they then tried to introduce Fin Tech banking AS well.. which.. I bet this is like throwing more oil to the fire....
No wonder when they tried to raise money in the stock market... it seems like, they have an actual set and control... as in.. government is controlling them... on how much is and is not utilised etc. They have a team of so called hackers.../traders..... No wonder the individual non-state owned enterprise... person/citizen.. ends up losing a lot of money. Cos now I get what their social media call "leeks".. As in, they are harvested like leeks. Cos everything is government-controlled. Here... whereas.. in the UK.. and in the US... and even in HK... they do have a fluid investment, and stock exchange investments... Now I get why so many techies.. and tried to create things like.... app investments etc. etc. Which is now being clamped down on.
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It is now NGO time....
https://www.youtube.com/watch?v=1j04K83O1yg
Is this why so many individuals have been getting so much money as well ? Read this one ? I would actually DO something actually, and put down the borders etc.
Apparently, these individuals are "ethnic minorities" in HK... and that, "(me)... as the "indigenous" (and almost extinct)... ex-Imperial Chinese dynastic families and clans.. are not "ethnic minorities" under the current "UN and NGO" style and format... Cos apparently, who are the real "citizens" ?????!!!!!
https://www.youtube.com/watch?v=CXqkIbCcbIw
SCMP kept saying that, these individuals do not have the support of the HK SAR government, despite their pot of money being used here for the last 10 years have been around a whopping ......."2014, with funding of HK$200 million every year, "....!!! HK is only a mere 8 million city !!!! HOW can it NOT keep its people alive for the past TWENTY YEARS ?! HK should NOT carry the weight of the entire SE Asian region !!! Those countries ought to deal with their own issues !!!!!!!!
And why should there be this many NGOs parked there as well ? What rubbish !!!!!! You earn the money, you stay in the city ! And refugees need to go ! And those old Colonial buildings, need to be kept as an actual diplomacies towards those countries !!!! Nothing more ! Nothing less !
Like this one.. how come, this building belongs to the British... and the Indians.. and yet, it has now been hijacked by the Muslims ?! WTF is going on ?! Since when should this be allowed !!! Those British paid for it !!!!
https://en.wikipedia.org/wiki/Kowloon_Masjid_and_Islamic_Centre
So the British paid for this.. but yet, the SE Asians now gets it ? The muslim gets it for free ?! WTF !!!!!!! Why is HK SAR Government Mismanaging the money ?!!!!?? They better cough it back up !!!!! Chi sin !
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The thing is, you see this as a bystander, and that they are "abducted"... but in their mind... which is justified... in a roundabout way, because some of these individuals are kind of an extended relative, since most people living closeby.. if you did DNA testings, then it would be such that, they are indeed relatives. So for one or two to be "married away", it is pretty normal ? However.. the way that they are going about things is wrong though imho. Cos even in the West, we have proper and legal and formal processes to deal with things. They don't even have the child registered, or anything of the sorts. No wonder everybody just gives up etc. And maybe even the internet, is a filtered fake version or something. Maybe genuine actual imperial descendents are gone... etc etc.. and that the paper work is just there for the sake of it etc etc. But I refuse to believe this. To be honest. This is quite bad... imho. It means that they won't have the family tree to write down etc.
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They wanted automation, so this is how fast you fall and how fast you achieve. Some banks, literally count and cost the actual "rate of work".. of the individual by hours, and by rates. And not by asset value. I find all I am seeing really very extremely stupid as well. So yeh... every other Western countries are "backwards". And yet, their own people can and actually checks each bank notes to see if they are fake or not. They are able to do that, and yet, china cannot even do that at all ??? People are so obsessed with automation, well.. this speeded automation in "growth" has captured them and trapped themselves into a rut. It has to explode... It just has to. Instead of "growing constructions"... How come, they don't actually have the other type of companies, which is actually "reposession companies" and its associated laws to go with it ??? Find companies, that are willing to dismantle those buildings, and liquidate them as well. THAT is what they SHOULD do. And then turn those individual companies, into actual waste management companies. i.e. Return them into raw materials. And if they are clever, then those raw materials are kept and can be sold onwards as a commodity. (But I think this is way too stupid for them to realise imho....)
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It's because there never was a "single and central china".... and "PRC" is man-made in this century... that is why it happens. And also... the old "chinese" that was part of the Treasury. That is, the Imperial Treasury... along with these so called "international finance".. has ruined.. and this is also man-made as well.. cos.. they created a so called electronic payment methods... and also didn't classify or reclassify situations. And they also used the same network, that is used for both media, as well as payments, as well as internet.. everything together... is causing these so called... "boom and bust".... It is like, they are trialling and erroring.. and nobody is taking actual responsibilties. Even if they create a structure. Nobody cares... cos.. frankly.. they have the both the equipments as well as the knowledge to create and recreate again... So... This is why now, their addition of their so called "electronic coins"... It became a : B2B, B2C, C2C, C2B.... they have THAT ? for most of us in the UK and in the US.... Only... B2C exists. And then you don't see the B2B part at all. Cos that is mostly either government controlled, or banking sector tightly controlled. So you definitely do not have the C2C part. And the C2C part, only normally through small gifts. They way they have done things are just.. This is why they are actually going under.
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For example.. some of their so called "P2P" payments "peer to peer payment" systems.. are basically individuals... lending their own excess cash or money, at a hyped price? Like, a high loan value ??? Think of the same equal example as the BTL landlords in the UK at the moment. This is why it happens. Cos it is higher than the actual Bank of England rate. So what they have done here, is the same too. They are lending more money than they have in their own central banks. And they don't also depreciate either, or slow depreciation as well... and this is also chaos too.. Cos they say that they hold certain amount of foreign capitals as well... (But in reality, since they have the shadow banking, this is not true.) Cos all the foreign banks, if they took back all the foreign cash into their own country. It does not even add up ??? So then... in this situation, you can only create like "time-restricted loans".... i.e. Long term longs. Like, a loan of 100 years. A loan of 50 years. A loan of 25 years... etc etc etc... And you pay it slowly back in time. As in... 1 % per year.. for the rest of your life. But they don't want to do that inside China. Cos they don't accept it. It is either a case of "cash in hand, or nothing at all"... or in their case... "I saw this in the West, then this is normal"... They don't have the entire banking knowledge, or the background information either. As in.. like... Germany have a 100 year mortgage loan... for example.. of even in Japan.. they pay their debts around 1.5 generation? Around 40 years... Even my mortgage is around 20-30 years. Many have around 30 years mortgages... Which is normal. But these individuals.. are not doing that.
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China is the original China. The today that you are seeing, is actually "PRC".. but the USA would not, and does not use this term.. cos it means that they have ties and links then. Most of the top level government of the USA, are chinese, that is Hans Chinese any way. So in a way, you are.. if from the perspective of this military team, they are trying to hack out... their opponent. No matter where they live in the globe. As in.. there are actual Sichuan people, living here in the UK ? So that Beeline company, is now being run by some kind of Chinese groups. And this is why you are seeing a situation of "white flight" in the UK as well... This is and explains why US money is exiting out of China, out of PRC, that is. Cos these groups are doing the hacking.
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This is why, many actual oversea's chinese, were the overseas chinese to begin with. And originally, they assume that to want a foreigner to teach English is the best. But then you are losing those boundaries as well. Cos foreign teachers tend to drink and to see the rest of their private lives as "socialable". Whereas if you were an actual "teacher" here in the UK and the USA, you are a lot more restricted in your behaviours too. Just because you let your social guard down, cos these are young children, and is belonging to somebody, so you need to be easier on their lives too... as to so that they could PASS ???.... The standards that I am seeing, is like, setting PhD levels, on 7 year olds. Even children here in the UK is NOT like this ! Don't make them to reach a standard, that is not even actually easy to use, or to do ! Just show them useable phrases, and how to ask for more ways to learn. SHOW them how to use a dictionary, and how to structure a paragraph, or to even write an essay. Read books, and to write. Use a different style. Set them continually to learn. I kind of expect them to be able to do this, continually.
When I was learning here in the UK. We had 3 groups. 1) Those who need help to reach basic level. 2) Those who are fine, and can deal with every task given. 3) Those who is edgy and is angry at being slowed down by the class and its teaching materials. Set those on "homework, for extra", as to not see them disrupt the class in general. Every single class, is set this way. And nobody was discriminated against. Once, those "who needed extra help" is done. Then, they are sent their way. Many children who needed help.. and was not too shy to ask for help... They normally stay behind. (Very shy, and know that they are dumb.) The teachers would stay behind to show them their mistakes. Once they learn the mistakes. (And is not holding back the classes.) Then they are on their way. So.... it isn't that china, is any different, it is HOW you structure your class in general.. and not to disrupt.. or to be unfair.. to the entire class itself. I thought that was a very fair way. Cos then, they graded their levels already...I was normally a "C" grade child. Actually.
But if I was in China, I think my grade would be A++.... !!!
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@chillinginthefrozennorth : The problem is not that, it is "made in china" that is bad. The problem is..."all 1.4 billion chinese people, ALL wants to be the factory owners at the same time". Now, this is bad. Even if a mere 200 millions are factory owners. Then who does the menial jobs ? This is why in other foreign countries, whether you are the toilet cleaner or the celebrity, your earning, or the hour earnly ratio is exactly the same. To give you a sense of equality. But how can you have around 200 million people who all either wants to work in a bank, or be a factory owners? And nobody does farming. Or nobody does cleaning ? You can't. I didn't really understand why.. sometimes when I see some of the chinese students abroad here.. They are so evil towards one another. Like VERY evil ? Really bad. Extremely brutal... If this is to be the future, then to be fair.. I rather take myself out now. Cos frankly, I don't think that there is much for me to experience of life. If it wasn't for the fact that I have families... I think I would've gone. Cos frankly, I don't think I will win. At all. I knew that I have not been stabbed to death yet, is actually a Godsent... but I didn't think that I would be living to a long old age.. in all honesty.
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@hddun : If you think about it, there is the HP office also inside China too. So... but yeh.. maybe they think that.. they are from the same office or company and therefore do the same thing. What IS wrong though.. is, if they took that photo... and is from the same company, and then to go to another company, and then copy their competitors.. and produce the same thing. Maybe they need to be educated, to NOT do that?... Cos this is even worst than copying each other, if they were from the same country. But obviously, they are inside another country... and to be fair.. they might not even know which country that specific patent came from ! So it would cause like, a mega big outrage across the entire GLOBE ! This is why... the other countries were SO against... China creating their own satelites, and everything else. Cos we knew that this day would come too. And here we are... And these attendees, would not know what has gone on before them either. So... they would not know, to be mindful and not to copy.
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I don't think that is the issue.. it is because china also wants to and needs to actually also use the net or their mobile for advertising too. Along with actual laws. It is similar to the UK as well.. whereby Libel is an actual thing. And if you want to market something, then you pay the marketing company, before it reaches the internet company and before it is broadcasted. Where china is concerned is that, they are of a much larger scale? So their solution seems to be very restrictive... that is why this kind of "blanket ban" is kind of very intrusive... For foreigners, it is confusing, cos you do not know how to read a situation. Cos we have been raised very differently. Whereas many citizens are raised with mobile-based lives as well.. asap... while we were raised with 2G, 3G.. 4G... and not everybody has 5Gs... whereas some are raised with 5Gs.... A lot of citizens, do not know how to interact with foreigners.. cos they have 1) never seen a foreigner in their lives before, or 2) never been out of their own hometown before, or 3) never been to a city before. So... maybe some give way is appropiate ??? Not too much, and too fast... cos they don't get who they are talking to ? Or why.
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Some of the kimono style is actually part of the older Eastern side of the country, that is, the PRC today.. but so many of these kids, won't know that either, so therefore, their learning is that, it is a generalised "56 ethnic groups" and "12 dynasties".. when in reality, all 12 dynasties didn't always get along, cos they hoard and guard their own regions. So.... Similar to Europe. But most citizens of Europe know know. Even though I classify myself as British Cantonese, I can tell the differences between Europeans all over Europe. Whether they are Italian, or Scandinavians, or even Turkish. I could tell the differences. I think they are trying to make a proverbial point ?
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They need to merge the two though, and both of them. So... and shouldn't be "either/or".... So..... This is why many things, doesn't kind of work. So.... Maybe they need to bring some of the actual social media types.. to be on TV ? Like so many station does... so.... And speed up the authorisation a lot faster. That should've happened. Cos this way, they are wading into a lot of HK issues as well. So... And they don't even have an actual..."good and decent editor" even before speech happens. So....
But the thing is, you cannot have around like... a whopping... 800 million..."one man band" though, can you ? Of "citizens' reporters".. This kind of also destroys actual.... economies too. Some insurances are supposed to be protecting citizens.. and if you keep doing things like that, it will violate the situation? Same with so many small situations as well.. from a small situation, blows up into a mega big one. So... you don't even know if it is indeed true or false. How does things get reported or done ? And so many people doesn't even follow a set of protocols either? As in, they report random things. For the UK, you should or supposed to report things which affects you. I now see idiots here in the UK, reporting illegal things as well.. even if they are the criminals, they have their own channels to report things? So what is wrong with this scenario? But they don't feel it though, cos nobody stated that they are the illegal person here in the UK ? So.... and yet, people assume that they are doing this for "laughs". Who says "a person who is illegal in a country, can be a reporter" ? There is no such a thing ! AT ALL !! ....
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It is because of the way that the banking system worked. So the central government doesn't control the local taxes... for a region to have money, they need to bring in that money, and normally, they need to borrow money from the central banks into that region in order to spend, as their budgets. It is like..."give me money Emperor.. from the treasury, I need it".... And only because you ask, then do you get. Once you get this, how do you sustain the money to go back round? Because the constitution stated that you could actually own your properties, and have rights. But how do you have rights, if you don't find ways to then recirculate that money back round ?? In the past, the people went abroad to work, and then bring back home the bacon, so that there is a means of exchange etc etc.... That is what happened, but you cannot have around 1.4 billion people, all wanting to do the same things, right ? This is why some people are quite demovitated, and demoralised, and doesn't see a future etc. Cos the against voice is stronger.
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Why don't they stay at home.. and then actually, those regions promote actual "tourists opportunity abroad".... So.... cos surely, the entire region o f the PRC cannot ALL go abroad, right? And why do they want to go any way ?... It is just another city, of people, with different colours to their faces.... My father used to scold me.. when I wanted to go to a overseas' trip to china.. for my geography lessons. And then, he didn't like it. Whereas my teachers wanted me to do it. He was practically in tears. Cos he knows how poor it was. And yet.. he doesn't want me to have a bad perception of life. Whereas my geography teachers thinks that this is a good thing... He didn't sign the consent form. So I didn't go. He brought me to safety and then I recall my parents fought very very hard over this situation.... They almost divorced !... That was how tough it was.... back then. I didn't know that Xian.. at that time, was under the Jurisdiction of the British at that time. Now I get why. Whereas my father's hometown was from Canton.. and he didn't want any of his child, to violate their own code of conducts that were passed down from generation before. If it was not for economic reasons.. then I don't think that they would have moved overseas' at all ?... But if there is a grand master plan.... that the entire globe is in and on.. Then we are not made aware of this one, at all. So.... I should've listened to my parents, and we should have left, as well.. and gone back to HK. But... so many people wanted us to teach them xyz... and there had been SO much fighting.. and people died... Nobody married anybody etc etc... and... The rest is history... Well.. our family tree is and shall die out. It is as simple as that.
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This is more like a tutorial.. cos you cannot claim back old taxes, since the actual PRC didn't even existed back then, right ? So... and those so called public bureau... er... that didn't all existed, right ?.... So... Why are they now, claiming money.... from before the creation of their own jobs ? Makes no sense. Cos now.. they are claiming that, the central bank's loaned money to provincial level is a form of wrongly used thing. So this is why they would stretch all that way abroad to drag people back. But er..... This isn't what the US helped with the PRC on and over .. over the past god knows how many years. Around 50 to 60 years !!!!!... This is not fair.. and nor is it just ?... Cos... Didn't PRC had access to the world bank ? And so many countries, didn't and truly was not that big at all.... Many individuals have become economic slaves... and to carry debts, that they did not eve incurred ? This is what it seems like.... Like, A LOT.... How can a single person today in the world today, be carrying debts, of your own grandparents' generation... as well as the parent of your enemy... as well as the debts of somebody else in another country, cos they decided to take out a loan for education ? When in reality... there are no jobs for that education afterwards. Now then what ?....
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@davidjacobs8558 : Oh, the other thing is... China actually has a law... labelled the "hukuo system", which is a form of birth registration thing. And you are supposed to live within your registered area and birth place only. Cos they created the so called "economic zone". It seems like, everybody and their cats and dogs, came to those areas. And that is a bit of a lie as well. Cos they created Shenzen to be like that, and it is supposed to be following some kind of "economic rules", but it became lawless ??? And the police also does nothing too. And therefore, the so called "police" has become a kind of "city guards" (like they do in the mainland), which it should not be as so, or as such.... Cos that region has spent up.. and Shenzen has borrowed a lot of loans and losing money... Somebody, in HK, (they reshuffled their government tiers and members as well)... are now trying to full fill those missing loans and use HK's cashflow, to fill those debts. And cos the foreign banks, hired so called "PRC's childrens and elites"... They spent up.. and forced, their so called... regions and governance to carry high debt levels... Such that, this causes political reshuffling.. and hence, a lot of corruption and people got jailed. Banks were merged, even though they were fluid before. So now, the so called "PRC" is using a "UN LEVEL heavy handed style" to whack the entire country... and this is why the current political unrests...
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@LittleMew133 : The UK's university courses had changed already to cater for this disability, and yet, the standard is getting worst and worst. I suppose, this is the issue, BECAUSE... the good ones.... the decent teachers, are now rare and fair and few between, cos so many did not learn the proper way. So imagine, these 20% grade people.. That is, imagine.. the grade E.... individuals.. are now everywhere in the world. It just means that, they have been dumbed down. lol.... So now, imagine for the past 10 or so years... every year, there are around E grade kids.... and the numbers are around 100 million now.. globally... And they ALL teach the same way. i.e. Bad form. So now... well.. you can imagine what has happened now. lol...
This video is very amusing, because the fines seem pretty hard, but.. I can see why this could be so.
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@tsukareruru : This is the fault of the PRC, trying to join the WTO. Cos if they stayed with the various other banks... like how RBS was inside China before as well. And they did different types of actual "products". Small business loans have small business loans. And then investment banks, are investment banks. They were usually for offices, and not for homes. I don't know who thought it was a good thing, to ask for commercial loans, on properties. Nobody does that, ever. And in the UK, they don't have that. It is regulated and restricted as well ? Same in the USA too. Different state laws doesn't allow such situation to happen. Cos some people did it, and so many individuals does not know what and how they did it, and why they did it.. when something gets copied inside China, it goes royally bad.
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@MrMarinus18 : China doesn't accept any unions, is because there is no need to have any any more. Cos they have basically somehow.. and I don't know how... managed to.. create something called "state-owned enterprises" aka "SOEs"... at first, I thought it was like a say provincial level organisation maybe. But then I have seen written articles about even a TV station could be a SOE.. then it dawned on me that, it is equivalent to an actual local provincial company as such. And they call it "state" cos it is tied to the state's. Whether it is a province or a city or whatever it may be. And then, they put these SOEs into their stock exchanges. And if anybody complains, then their share prices goes down ? lol... I find this one odd. lol... SO... I need to get my head around this one. SO... the measurement of work, is not by time, and labour costs. It is by... "how happy you make others"... and "how productive" the organisation really is... And if you match this, then you would get gifts. and money is not transacted to actually be... cos you paid for it, or cos you earned it. Cos it could be often gifted as a corpporate gift instead? Eh ???? Do you see how it just.. doesn't truly work ?? So why would you need a union ? They have different sets of actual groups of people, and organisations and they get paid. Some people sits in like around 2-3 lots of such organisations as well.. whereas others won't. Well, in dense cities like HK, you would find that is pretty common ? So people literally have around 2-3 lots of salaries.
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@maxrebo8455 : That is a lie, and you don't know what the hell you are talking about !
"Dabu County: The Ancestral Place of Lee Kuan Yew and Many Hakka Overseas"
https://www.youtube.com/watch?v=zJwkV7MJJH8
Read the comments' section... Do you think that this would have gone ahead, anyway? These are non-Cantonese, but just over the borders in the nearby area. And they expanded into SE Asia.. and then onto the USA as well. And which family or country actually sent money back into HK as well as into those regions to begin with? And then expanded into Malaysia, and into Singapore as well ?? When you have THIS transient an actual city and nation, and that immigration was NOT controlled.... And the only reason why the US dollar was pegged was because of the different wars that the USA was involved in. Second world war, saw a LOT of actual Chinese, that is most probably NOT Hakka... (who tried to make money than they want to fight in wars). It probably was the Cantonese, or the local elites, that ended up going into the USA side (cos they were part of the Imperial dynasties, and army) who then refight backwards. Who died? And saved themselves and who died and lost their family trees ???
The idea of the whole of the "UN" was because "Hakka people went abroad and forced themselves to sit in an actual country" ???
https://www.youtube.com/watch?v=NHt6v3yo3KA&list=PLK7qCnafFFJZBwgKhFnwgSJfc6d_WbDDC&index=153
So WHO fought in the war then ????? Why did Xi Jing Ping actually said that, he respected the Flying Tigers, and the Cantonese disporas ??
https://www.youtube.com/watch?v=cTgtQ3Fl1jw
Today, the so called "4 families" are actual Lords. I think all of them are... and then some were lost... the influx of mainland chinese, and this whole Greater Bay thing, truly lost the entire city as well... Just because some people cannot let go. Ending those family trees mean that you are ending chinese dynasties... which is what is indeed happening. And today, how many Americans are actually Chinese? Around a good 60% I would say. I rest my case. Why wouldn't you enact the NSL otherwise ???
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At least Russia is honest. But China doesn't want to be. And if you think about it.. how did China got their nuclear ideas from ? And if you think about things, when Mao was all the rage about nuclear.. and that was how come he went to France to learn... and France is one of the few countries that did end up with nuclear developments. And even in Canton, they have a big plant too. I often wondered whether, HK was let go also WAS because of the actual nuclear plant discussion etc. Cos Mao's hometown is an entire nuclear plant development. Which they say they have shut off... And now, people use it as a museum.. but I bet it's just been dormant. (And of course, he did not tell or advice those other coal mining companies to correctly do things.... Cos why would he kick himself in the foot, when it is better to benefit from somebody else's mistakes than to teach them to be careful ?....) The plant in Canton is also a "joint venture" with France... I never knew that, the PRC was actually SO.... I now get why, they have everything ultra futuristic. i.e. All the techs. All the DNA editing. (In case of nuclear radiation, which it does.) All the "have more children, and have more concubines" to populate in case one dies.... It all makes sense !!!!
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It's not fake.. let's be honest here... cos this is a form of forcing the real and local businesses, using their own materials to make things... So.. and many companies, did not used to be THAT global as well... so it is unfair to say that, if stores were opened before in the past, but it did not actually... be seen as "new".... and yet, when you go into china, you see these old stocks, or whatever, as "fake"... I am sure that a lot of these could've been the investments from the 1980s... That is the ultimate truth. Cos I bet a lot of people did not have the money to buy them then either. And then some kept them and did not destroy them at all etc etc etc. So.... That is what I am assuming, either /or.... Even people in HK used to call stocks as "grade A, B or C"... possibly that some areas were sold in tier 1 cities or tier 2 or tier 3 etc etc... Or something of that level and nature. etc etc.
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@silentwatcher1455 : And the entire globe has products made in China, do you want us to stop buying from you? Cos frankly, I paid around half a million yuan.. for a sodding mobile phone. When your currency used to be only a mere 1 new yuan... to be around 10 000 yuans. Otherwise, you would have been fighting and beaten to death by now. Who protected you guys from killing one another ? It is all about money, isn't it ??? WHO raised your currency to be high, so that you stop killing one another ? WHO did that ? Which chinese family that went abroad as labourer, did not exchange it back to money to bring back into chinese soil ? WHICH person.. collapsed those original banks, and robbed them of their money ? Auntie is old, but not senile... some things does not need to be said. In black and in white. It's funny.. even now.. North Korea still have cannibalism... And it was not that long ago... that even Tibet had actual cannibalism too. Or maybe they didn't. They believed in reincarnation, cos they burnt the body instead... and made them into porceilain... They didn't eat the bodies.
And why wouldn't women have abortions, if you cannot have enough food to feed the kids ??? Why do things this way ?
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@YukitoOnline : UK did as much as it could.. but if you see the situation, who lived in HK at that time? It was fine before 1997... Britain contained the area.. under their ruling powers. The people who transitted and lived there were....
1) Dutch commonwealth disporas.
2) Armenians-Jewish.
3) Macanese/Europeans/Indonesians
4) Scots.
5) Dutch-Cantonese
6) Cantonese
7) Hakka (From Fuijian.) (From nearby Canton.) (From Singapore. From Malaysia.) They moved back, cos it wasn't meant to be the port for them to tranport with, but they used it in the end anyway.
8) British-Indians.
9) Vietnamese. (They were part of the older Cantonese, and Song dynasty's kingdom.)
10) Thais. (Li Kwan Yu and then those Hakka moved to Thailand, and then back round to HK? Why?)
11) Catholic Filipinos... Catholics.. Indonesian, and Spanish-ex-colony's Spainish King's descendents. Transiting back and forth between HK and Philippines, and then onto the USA as well etc etc.
The reason why it is "not an international city" any more.. is not because of European money. The question is, why are SE Asians... especially the way that they view those European banks, as part and as an extension of their lives. And not that it is soveign money of other countries. But that they are the Imperial elites ??? That is what you should be asking. Some people assumed that cos it was a "Trading Port", that the banking, is always going to be "merchant banking".. aka "Credit Card" style investments. No wonder the European countries collapsed. And that American banking also collapsed, and deregulated as well ????
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Yeh. What they don't realise is that, the people who does the researches are actually also chinese too. So in effect, they are "not" actually.. protecting themselves, but basically using two fold approach, to destroy other nations. And this is the sickening thing, cos... it is other regions or none "public security" people, that is the non-civil servants, that does the hard work abroad. And then those specific researches stays in those countries, and then it is used for commercial purposes... mostly non-militaries.
Does "china rule this century" ? They do. And they are doing. 1.4 billion people inside the PRC. Around 200 million, works for the public bureau. And there has been a lot of discussion about actual corruptions within as well.... and yet, most people that moves around the world buy and sell chinese goods as well... so they win-win-win-win-win.... i.e. They make other citizens buy chinese farmed goods, sell and move them abroad. And then these security public entities, steals back the money, and then they adjust the value of those money and those banks and financial institution, as their own actual "salaries". OMG indeed.... !!!!!
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@joesmith3590 : Exactly. Most Asian companies used "old" technologies... but those "old" technologies, were considered and designed in such a way, that does not conflict with other electrical equipments. Rather than to actually lock them down so that it does not. Huawei... that company loves to interfere and deal with military things. This is how hostile... it makes the world ? Now.. with more planes in the air. I find it funny that.. Chinese media.. does NOT put down.. their own companies inside the PRC... when failures DO happen. They don't report such things? And they don't even write pieces to slate them? Why? Cos they are afraid that, it appears libel.. or that it appears like... they would be out of a job. So then, this all boils down to actual..."journalism and reporting"... With so many companies also controlling the internet too. Exploding batteries does not happen any more. I mean, they don't report this any more, when they should report it. THAT is how dangerous the world has become now.... Remember exploding batteries,or exploding laptops ? Sometimes I think to myself.. did somebody from their competitor company, paid off somebody to mess around with those mobile phones, and then take a video.. and then sell it to advertising agencies to stop them. I bet this is also why that shift changed.... From Samsung's exploding factories.. or the removal of all of the old Japanese mobile phones.... (No wonder Japan, and Samsung has no more patience.. for China any more...) It is bad. Very bad.
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@johndoh5182 : Yeh.. but a lot of the students, and people, ALWAYS buy them though, and then they flip them as well ! The reason why these high-end brands ended up inside the PRC is because, they were making copies.. and yet, when they ARE there.. They would NOT buy it ? Well.... to be fair.. these high end brands, have done their days of paying those rents. Cos.. I mean. There used to be small factories, good quality ones as well. And then, when China opens up... wah... everybody flocks to Europe and fight over those items ! Chi sin. And now, when they exists inside the major cities? How come, people don't buy it ? Even when they could afford it ??.... This is absurd. It is a 1.4 billion market.. you cannot please them all. And when you don't sell those items, to the people that wants it, they will berate you online. So it is always a case of lose-lose to these brands...
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But China is forcing the farms to be stopped. Cos they made it such that, even though some farmers own their lands... They somehow, managed to throw in some kind of coastal side population, and threw them into farming lands. Cos they have never known how to farm.. This was the original cultural revolution.. It got the people there, but it didn't have the people know how to do the jobs, or why etc. So.... It starved the people. A lot. Coastal side, have to pay something like customs duty, I think. So then, they tried to make some kind of loans into the rural areas. So when though the coastal areas have actual customs duties. And then urban areas have taxes, and rural lands, doesn't. They forced or tried to make them pay as well ? Or to entice the people there. So it is all very very chaotic. Even though, you can have a "one stream-lined flow"... from rural to urban to coastal. Hence, the rural food, they can manage to get some money from them.. to then be sold into the urban areas, and then to be sold into the coastal areas.. and exported. Everybody took a cut. So why isn't this followed explicitly these days ???.... They messed up. By fighting amongst themselves !!!!
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Well well well... these companies doesn't know what and why.. their products are not wanted by oversea's suppliers... or buyers... Cos normally, they don't past the "health and safety" for those countries. Cos if they were produced in those countries, the companies, and those directors would go to jail ? It is only in recent years.. did this "financialisation" happened... from so called China, into the world. And that is why people are using "fin tech" to buy.. but to be honest.. this is not right. Cos if it is not good for one baby in the world. It should not be good for other babies in other world. When some companies suddenly collapse.. and then rebuild decent companies, this is known why, right? In the UK.. and in Europe.. some areas of HK as well... the "good and better" products, are reused and washed, and resold again. Cos they have those "CE marks"... Despite this being introduced... it is just... So many others.... are just. I don't know. A lot of chinese when they see other people in other countries etc. Their skin is flawless.. but why? Is it ALL about their race? Or that their ancestors are "white" ? No...! They don't live with contamination !... So more and more women, feel insecure... and want more foundation... so then, everybody wants foundation... but they don't think about working together.. to get their skin flawless again.. i.e. REMOVE contamination !!! I got hacked, and blocked so much on social media.. A LOT.... So.... and then, these so called personal data protection isn't even there either. So it is chicken and egg situation.
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They were used.... and cos the PRC joined the WTO, and then all of their assets turned from type A, into type B. That is what really happened. And the so called PRC government did absolutely NOTHING about it ? And they didn't even split or introduced different types of currencies, or regional currencies or borders or boundaries to stop this kind of collapse from happening.... so.... this is why it happens. They are playing a risky game. (And at one point in time as well.. cos they joined the WTO, it means that they have to meet certain targets.. but when you have a set of entire "civil servants" that governs... the economy... this way.... by pleasing somebody, for a region, then means you can go up the ladder, you can see how nobody wants to actually displease your local officers, right? So therefore, people instead of saying "no".... they buy it instead. Otherwise, your land, or your home, would be disturbed by the local officer.. cos he wants the job. He wants to go up the career ladder.) That is why it happens.
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@ryanreedgibson : Remember, we pay taxes. China does not. If I recall, or if my understanding is correct, their so-called "state enterprise organisation" ... Is equal to our public sector. So therefore, most people only get one income ?... But looking at this company, it might have been picked on us because, it might not have been scaled up, because it might clash with other existing companies already. From the sound of this video, it might have been trying to get hold of markets or parents, since existing stuff was already rolled out... From the likes of Shenzhen. So if they use cloud to block their competitors and reclaim original parents when it already exists, then.. this is a form of shadow mergers and acquisition isn't it ??.... As in, they hide their competitors from realising that they're in a coup. You can see why some people ran towards the economic zones. Or, why they pay to the local provincial governors so that they are aware of the company operating in their areas, instead of this kind of virtual company. Not understanding that there are 2 to 3 or 4 virtual worlds...
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@KeithBovain : The problem inside china is not that they are not smart. It is that they focused way too much on externals, than they do internals. That is the issue. Foreign companies have indeed entered China before in the 1980s.. and mostly, it flopped. Why ? Cos they didn't have the spending power back then. Actually. So then, they put into place this "must transfer assets onwards after N years, " or a "must focus on own situation afterwards". There was always a time limit. But some people didn't focus on that one. So... it went a bit too wild. So now, they have indeed grown into the middle class. But they don't know how to pivot either. So... It is a lot harder now, than ever before... a lot harder. The thing with china is that, boom and busts could happen too quickly. Like months and days... Which makes the whole thing pointless. I don't think that they understood that... "the rest of the world didn't have any tech, as much as they do".... So this kind of "what you have, I want" attitude is wrong... So.. did they know that Germany has 100 year mortgages? And that their homes, are still exactly the same as 100 to 200 years ago ???... They don't realise that. So.... They assume too much !
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You can apply any kind of "lump sum" on top of any building.. Here in the UK, we have something called "stamp duty" when you buy and sell a property. Even when you own the property, you then have to pay something called "council tax"... Maybe cos she is renting out the property.. for money... She is... or the PRC government is looking at another form of taxation for her, in her case. So.... This is reasonable to be honest. Cos here in the UK, normally, it is VERY clear... like... if you open a business.. Then it is a case of "company tax".... And that profit level is also taken, as a percentage of your earning, and the rental of the property is already minused etc etc. So... Since she is definitely milking this, like a lot of it. So why shouldn't the local authorities near her, get something back in return ?? They should.
Afterall, she lives in a Tier 1 city. Some laws and some taxes do and don't apply to different regions. So... What did you expect to see happen, to be honest ??? I pay a LOT actually even in the UK !!! And this is the fault of China any way, cos they produced SO many goods... faster than the entire world's politics and their laws could evolve. But this is too fast.... and here we are... we now see the results. (And Western world has no more money either.) So yeh.... Global depression is not the recent thing in this century. USA have gone bankrupt before as well... So.... So why isn't China going bankrupt? This video shows that they are. This is what happens when you try to please everybody and not to get some people ready.. or focused...
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You also have to remember that, this channel.. is also kind of fake as well.. cos it also uses AI.. as a form of their calculation... This is what the info you need to know.
"Early Currency in China
With a history of over 3000 years, Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fǎbì, was issued.
Introduction of the Gold Yuan and Chinese Yuan Renminbi
The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan.
The Renminbi in Foreign Exchange
During the command economy, the Chinese Yuan Renminbi was set to unrealistic exchange values and as a result, severe currency guidelines were put in place. When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately 8.3 CNY to 1 USD. In 2005, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to 8.1 Renminbi per US dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar. As a managed float, the Renminbi's value is determined by a basket of foreign currencies."
This is why... some people now uses gold to swap inside China... cos I think you will find that you will get MORE yuans !!! Basically...
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@tesacc17 : But they stupidly indirectly links it though. This is another problem. Did they not learn anything ? And the other thing is that, they don't focus on their own internal spending either... The West had been wanting to help them raise to be similar to them as well... with more control. Same with Japan. Although on paper, they are not doing well.. but they don't need to do well... What they did first, was to put their own people first, and then their savings. It is their savings, that actually trade internationally and invest in other countries for import and export. "Feed yourselves first. Then help feed others." Cannot feed yourself first, and then drag down others as well while you are struggling is nonsense !!! In Europe... people always feed themselves first, and they keep working? Why do they keep working? The working is to save and build a safety net, in case any wrong decisions create a hole. So it has always been like this... Save yourself first. Maybe they need to set a ratio... like 60 % - 40% or something. With the situation with China, they were too ambitious, cos they wanted to uplift an entire nation.. but at the same time, they did not put down risk control elements to stop themselves from running out of that boundary. i.e. Population growth. Kept moving local budgets. And not reuse the same things to keep reducing excessive spending. Don't change policies on a local level to keep themselves going... Neglect the people first, even before stretching them to do whatever whatever... Promote people first, even before the overall bigger goal is reached. So then they cheat. I can go and on and on.. I don't even need to have lived in the PRC to knows what they have done...
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