casual
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if you are building infrastructure to generate profits, then you are doing infrastructure wrong.
China Has A Debt Problem Three Times Larger Than Evergrande
- Thread starter Dai Toruko
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beijingwalker
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US economy depends on printing dollars and stock market, nothing tangible assets like industries and manufacturing to back them up, it's the real big bubble, this covid crisis exposed it very clearly.
KampfAlwin
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As opposed to you, who constantly has the worst takes out of all the PDF think tank analysts? There are members here more deserving of the title than you. No offense.
lcloo
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Who is China railways?
China Railway's predessor was the Ministry of Raiways. It is now a wholely government owned limited company taking over the former Ministry of Railway.
China State Railway Group Company, Ltd., doing business as China Railway or CR, is a state-owned sole proprietorship enterprise that undertakes railway passenger and cargo transportation services in the People's Republic of China and is a state-owned industrial enterprise established under the "Law of the People's Republic of China on All-Ownership Industrial Enterprises." The Ministry of Finance acts on behalf of the State Council to perform the duties of shareholders.[2] It used to be part of the now defunct Ministry of Railways. China Railway operates passenger and freight transport via 21 subsidiaries.
China Railway previously had its own railway police force, prosecutors office and court system. The police department of the railway is still under the control of the company. The status of the police is civil service of Ministry of Public Security, but they are still paid and managed by the company. [3]
All-Ownership Industrial Enterprises.:-
Article 1 This Law is formulated in accordance with the Constitution of the People's Republic of China with a view to ensuring the consolidation and development of the economic sector under ownership by the whole people, defining the rights and obligations of industrial enterprises owned by the whole people, safeguarding their lawful rights and interests, enhancing their vitality and promoting socialist modernization.
An All-Ownership Industrial Enterprise like China Raiways is legally owned by the people of China. It's purpose is to serve the people and the country. It is run as a business with minimum profit margin. Its vast railway network stimulate the economic growth of China by connecting major cities transporting people and freights. As with all public owned transport companies in the World, its main concern is to serve the public interest rather than making money. But if it made money so much the better, as long as the peole are well served and not burderned.
If the company is making money, then it is self-sustaining economically. If it is making loss, it is no worse than the annual budgetted expenditure of its former self, the Ministry of Railway.
How the Australian EE youtuber made up the huges losses incurred by China Railways is typical Western media lies, the latest financial statement of China Railway shows it has more assets than liabilities, its acid-test ratio is healthy and its accummulated profits is on the positive side.
China Railway did suffer heavy losses during Covid-19 lockdown, but so is every transport companies in the World, regradless of whether they are railway company or airline companies. Thus using the financial figures of 2020 is simply misleading on the long term financial standing of the company.
www.wsj.com
www.marketwatch.com
China Railway's predessor was the Ministry of Raiways. It is now a wholely government owned limited company taking over the former Ministry of Railway.
China State Railway Group Company, Ltd., doing business as China Railway or CR, is a state-owned sole proprietorship enterprise that undertakes railway passenger and cargo transportation services in the People's Republic of China and is a state-owned industrial enterprise established under the "Law of the People's Republic of China on All-Ownership Industrial Enterprises." The Ministry of Finance acts on behalf of the State Council to perform the duties of shareholders.[2] It used to be part of the now defunct Ministry of Railways. China Railway operates passenger and freight transport via 21 subsidiaries.
China Railway previously had its own railway police force, prosecutors office and court system. The police department of the railway is still under the control of the company. The status of the police is civil service of Ministry of Public Security, but they are still paid and managed by the company. [3]
All-Ownership Industrial Enterprises.:-
Article 1 This Law is formulated in accordance with the Constitution of the People's Republic of China with a view to ensuring the consolidation and development of the economic sector under ownership by the whole people, defining the rights and obligations of industrial enterprises owned by the whole people, safeguarding their lawful rights and interests, enhancing their vitality and promoting socialist modernization.
An All-Ownership Industrial Enterprise like China Raiways is legally owned by the people of China. It's purpose is to serve the people and the country. It is run as a business with minimum profit margin. Its vast railway network stimulate the economic growth of China by connecting major cities transporting people and freights. As with all public owned transport companies in the World, its main concern is to serve the public interest rather than making money. But if it made money so much the better, as long as the peole are well served and not burderned.
If the company is making money, then it is self-sustaining economically. If it is making loss, it is no worse than the annual budgetted expenditure of its former self, the Ministry of Railway.
How the Australian EE youtuber made up the huges losses incurred by China Railways is typical Western media lies, the latest financial statement of China Railway shows it has more assets than liabilities, its acid-test ratio is healthy and its accummulated profits is on the positive side.
China Railway did suffer heavy losses during Covid-19 lockdown, but so is every transport companies in the World, regradless of whether they are railway company or airline companies. Thus using the financial figures of 2020 is simply misleading on the long term financial standing of the company.
390 | China Railway Group Ltd. Stock Price & News - WSJ
View the latest China Railway Group Ltd. (390) stock price, news, historical charts, analyst ratings and financial information from WSJ.
www.wsj.com
390 | China Railway Group Ltd. Annual Income Statement | MarketWatch
China Railway Group Ltd. Annual stock financials by MarketWatch. View the latest 390 financial statements, income statements and financial ratios.
www.marketwatch.com
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Norwegian
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Exactly. Chinese bubble in real estate is nothing in comparison
There is no bubble in china's real estate. The price of housing barely rise these years due to national control. The real estate of USA is a much bigger bubble compare to china,not need to mentioning their stock market bubble. USA is a country run by pure bubble,ponzi scheme and speculation,everyone with a functioning brain knows that.
beijingwalker
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China is the world biggest trader, exporter, industrial and manufacturing power by a big margin, produces and consumers over half of world total steel, copper, alluminium, coal, cement...stores over half of the world's total food, these are all tangible assets and when an emergency hits, China can comfortably support herself, unless US, a mere covid plunged the whole country into chaos and supply strains, if China is a bubble, what does US have?
Norwegian
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China has only bubble in real estate while US has bubble in every thing. That's why your China is the new super power
Mista
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China’s High-Speed Rail, the world’s longest high-speed railway network, is now losing $24 million per day with a reported debt of $1.8 trillion
As you may recall, we wrote about China National Railway after it unveiled the world’s first high-speed train capable of a top speed of 600 kph (375 miles/hour). According to Reuters, the maximum speed makes the train which was self-developed by China and manufactured in the coastal city of...
defence.pk
^
beijingwalker
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US itself is a big bubble, we'll see how long it can still keep its head above water by printing money like there's no tomorrow.
Norwegian
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China, Japan and other countries who hold trillion dollar US debt are responsible for this reckless behavior of America. When there is too much debt creditor has the problem not debtor.
FairAndUnbiased
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The entire video keeps mentioning debt, debt, debt... But when I take out a loan you know what an actual loan officer at a bank mentions?
Debt to income and debt to asset ratio. They never look at just debt. So how come this supposed pro top tier economic guru never mentions the words asset, income or equity?
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