Comments by "May L" (@MeiinUK) on "China Observer"
channel.
-
3
-
3
-
3
-
3
-
3
-
3
-
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...
3
-
3
-
3
-
3
-
3
-
@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 ???....
3
-
@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.
3
-
3
-
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...
3
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
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.
3
-
3
-
3
-
3
-
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 !....
3
-
3
-
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.
3
-
3
-
3
-
3
-
3
-
2
-
2
-
2
-
2
-
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.... )
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
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...
2
-
2
-
2
-
2
-
2