Comments by "May L" (@MeiinUK) on "90% Of China’s Tofu-Dreg Subways Lose Money, With Beijing’s Debt Over 500 Billion! Why Build More?" video.

@garricksl : Because the original MTR was developed slowly... and have had a lot of experiences, and also fights as well... Yes, those democracy fights back in those earlier days. People keep saying things like..."but you have no voting rights"... Actually, there were regional committees and functional groups. Always have had regional meetings... And if they object, it does not go ahead. So their inputs, created the blue prints of what ended up in HK. And I guess they copied that as well for Shenzen too. Underground shops. Vending machines. Very convenient stores. Eat before going home. Or shop on the way home. etc etc etc. No wonder China doesn't want "any committees"... cos frankly, all they need is just to copy others' ideas and never ask any questions. That is why they don't care about democracies... cos with tv, media.. and internet... All they need is to copy, monitor... and expect people to go along with it. Any word that sounded negative is an opposing force. It's funny.. until in recent trip to HK... I never used to hear people say those words to me..."opposing force". It is rude. And obtuse. Those basic respects are gone as well...
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HK's MTR have diversified... they bought some of the lands now and turned them into shopping malls... so therefore they might get some rental revenues and whatever loans or fees etc... And then people's pensions are tied to their exchanges etc. Those MPFs... Otherwise, how else could they afford to keep things going ?
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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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That is how they lose their job going up towards the state council ! So.... It's simple isn't it ?
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Well.. when you want quality and speed.. what do you get ? Either quality, or either speed. So... and they also seen time as money. So either time, or money. Which ? It is what it is sometimes. This is why in the West, they often qualify it.. and does not always push it force if they hit a snag. Cos the insurance to cover it is too much. Whereas it doesn't seem like the PRC wants to insure it anyway.
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The presenter said it wrongly.. it shouldn't be considered as profit... it is actually a loan... maybe borrowed from the central government down to the regional.. and their they are expected that it is paid back under a certain time. Some don't. Some do. I don't know if it is government money, or whether it is bank borrowed in the name of the central government. That bit is unclear. But if it is paid off.. then that region.... and those citizens could enjoy lesser fees... and just cover wages etc. It is possibly quite clever.. if the stores and shops also give a rental to the MTR as well as they are renting their space. Doing that speeds up the loan reduction. So therefore, it is less expensive for the commuter.
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It is actually a lot of money, isn't it ? Really, a lot of money.
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They fine people. So.. I remember a long time ago... I jaywalked and got fined. lol.... That was so scary. Because before, I did not have that problem before? So I paid it. In the end.. I assume that... the riot in HK happened, must have been because these civil servants kept squeezing people for fines... which then subsidised their wages. Which got onto people's backs. That is why the last police riot thing happened... cos apparently it was a new chief or other.. and she threw the weight and got people's back a lot as well... In the end, the city does what it usually do. i.e. Ask to borrow more loans and people have to pay higher cost and items. Some people sold their mortgages or housing. And then used those savings to create small companies etc for businesses and for salaries. A lot of people can't stand that longer, so they left. The remaining people are such good people I tell you... Really good people. To keep the peace. Imagine... who else would put themselves and their own families at financial risk this way ? Humans are the same everywhere. They fight for two things only. Either for money. For for love. It's the selfish gene.
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@garricksl : Have they all been replaced ?
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@garricksl : Wow I didn't know that... oh no... I take it many of them are foreigners ? Or local HK but replaced by mainland team ?
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@happyhappynuts : China has a lot of raw materials that makes electronics. And those electronics help make these electric trains, that is why. Cos there are older petrol and steam trains inside the PRC. They are still running apparently. Mostly from rural areas to the urban areas. This is why they took advantage of this and just blew it big and created so many. I learn so much about the country from this channel. It's odd.. I never knew this was how the PRC is.
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That's business speech.. but consider this point... could you actually capitalise 1.4 billion people at the same time ? And are these people willing to pay for their housing or mortgages for the next generation and more ? Say 40 years ?.... I doubt it very much. Even to pay 20 years is hardwork.
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Maybe they couldn't run it any more cos they created more cars.. and planes... so some of the old trains are only running from certain areas only. These ones must be electric.. and seems to be using their nuclear electricities or something like that.
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@garricksl : Well then, they are very very stupid if this is what and why they are doing this.... so.. is there going to be another actual event, whereby fund raising is going to happen for the prc then ?... To fill the gap ? Lol...
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@garricksl : HK was raised on import and export... as well as manufacturing as well. They forget this point !!! In fact, they could negotiate decent deals, if they had savvy people... This is what I don't get. People used to make plastic flowers for a living. Sell salted dried fish. Or sell rice. Or sell toys. In fact, their toy sector is what made the big boom as well. I think quite a lot of toys are still made in China... and have a HQ in HK is my understanding. Those Christmas pressies etc... HK also used to export soy sauces too. (And the weird thing is... so many HK companies have an actual factory in the USA too. So yeh.. people made their money alright.)
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@MSDGroup-ez6zk : And imagine either of those things and the CO2 that is generated from it ?
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