Comments by "May L" (@MeiinUK) on "It’s Over: The Great Fall of China‘s Housing Market, 40 Real Estate Companies Lose ￥170 Billion" video.

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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China did not "print" money... China have always had an imperial system in place.. whereby the rest of the world is seen as Serfs. I think the previous generation of "colonalists" knew this.. Always had known this. So then, this is why, when they approached them to do deals and things, they knew what to say or to put up with. But hey... from a non capitalist country to become entirely depend on capitalism... What can you expect them to do? In terms of their behaviours as well ? ....
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@Gerrygambone : They should've left ages ago.. it is because Apple hires actual pratts !!! That is why !!! When I bought my first mobile phone.. It took my 8 years of savings... for that 300 pound mobile phone. Which equated to around 500 000 yuans... China had NOTHING. They now have EVERYTHING. I cry for myself. Being an idiot.. and spend on things which are made by them.. and then those chinese citizens.. especially the ones from Singapore and from Malaysia... they keep harassing people like myself in the UK and say sh!tty things like... "ha ha ha haaaa"... BS... ALL of the time !!!... "We are CEOs, and you are NOTHING." Er... well.... Huh. Money launderers... murderers.. rapists.. I have seen enough of SG news.. Psychos. "Churches that has a wealth "donation" the size of a European country".. and they call this a "fund"... Er.... This is not an investment fund. This is just a charity donation which mounts to around whopping... Well.. I call it credit card debts. And the funny thing is.. these individuals.. Don't try to bank it back into the same banks though. They try and spread it around a lot. Absolutely ZERO fiscal and monetary control... !!!! No wonder some people in the UK had a GOAT. Only pratts like some FT journalists keep saying things like...."HK... HAS A LOT OF DEPTHS.....AND KNOWLEDGES AND SKILLS....." (... so skilled that they are not into money laundering... and know how to hide it well....) HUH. WHERE ARE THE JOURNALISTS GONE TO ?!!?!!!
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Something tells me that this video.. is going to connect with their so called "Fin tech" systems.. and actually transfer money... via google.. app.. into their own companies or other... I bet this is what and why it is going on... etc etc.. Cos so many of these techs no longer make sense.
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@daryldaryl913 : No, they did not... cos the way that they indirectly self inflate isn't as you assume it be ! Everybody knows that.... even the chinese ! Otherwise why do they have those so called herd behaviours and just want continuous loaded money to dump to their debts ? Loan on loans is what the chinese are doing.... and in fact, they were NOT an actual capitalistic country to begin with ! And even with SOME capitalism... they cannot turn it back into liberalism... meaning that, they have to SHARE the money... to make it go BACK Round..... and to reuse it. They cannot even do THIS much... so why should we continually treat them... like socialists ??? It is not our problem in the West to be babysitting them like this. There are more of them... to raise... and their concubines... AND their concubines.... kids... to the Nth degree..... And it is a fake joke.. to say that there was a "one child policy".... because WHY ?.... They had polygamy AND mistresses as well....!!! The rule WERE.... "3 wives, and 4 mistresses".... THAT was THE rule....!!!! Even HK tried to nip it in the bud.. and they only managed it to SOME extent... and not ALL of it !!!!... What do you think the mainland side is doing then ???....
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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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So how come... the chinese central bank is not linked to the various... regional banks ? ... And then.. you are watching a you tube video.. which I bet.. behind it.. is some kind of "money tokens".. which links back to China... and Chinese banks... Do you realise what is going on ???
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@cyberslim7955 : Well.. it only happened cos HK was like that. So when those so called "elites" assume that this is a "Forever bank"... so they kept building.. So how come there can be this many buildings to begin with? I bet they slowed down on the building IS because they themselves knew that the figures doesn't add up. Cos frankly... why would it add up anyway, right? Instead of offending one another. Are they trying to finish like a set ratio in each province or something, instead of getting themselves whacked? And instead of the central government reforming ? I bet it is that, isn't it ?... And while they have to make such harsh and angry decisions.. are they scapegoating a little bit to the Westerners that are remaining there as well... as most Western companies that were never allowed to fully realise.. where they getting kicked out ?.... Is this why.. some of those so called "corruption" regions.. had to take "deals".. cos they knew that they were not allowed to go over a certain GDP etc ? Is that their regional goals.. but they took the bribe any way? So then internalised the money. And because the money is now SO much.. They also cannot hide it any more? Cos once a decision has been made.. Then this is... like.. a snowball rolling effect ? Is this why then... the likes of Huawei makes those weird "commercial commune", so that their own people, do NOT behave like that.. and one day gets to be released.. to work in the wild country ? lol.... I bet it is, isn't it ?
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@coolrunning2006 : Why do you think that China had an actual "internet filter" to begin with ????.... So that they would "hide" what you do not need to know... and then funnel the money that enters China... to be... owned by party members. And yet... how many oversea students.. from China... or from SE Asia.. that entered the UK... and opened student accounts and maxed out their credit cards? And then pat their bottom and ran back home ?? Assuming that they would not get chased for it ? WHO... cleared their debts for them ???.... WHY did this happen ???.... Do I aspire to work in a global bank any more? NO. I don't actually. I really really do_NOT....
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@C02045 ; But the CCPs had concubines.. so what are you going to do ??? Can't stop them though. It runs through their entire structure.. the CCP part is actually an Imperial dynastic structure.. and the rest ? Just fluffs... this is why.. they were able to actually provide any extra organs as they liked. In case there are any genetic issues... isn't it funny that.. the entire country, does not know the ins and the outs of the entire country ? They don't know who is doing what... when... and why... etc etc.... Nobody would ever stop to think..."I do not have to do things this way any more.. because modern help is here..."....
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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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