China’s Mega Banks Are in Mega Trouble—And So Is the Chinese Economy

[Viva_Viet]

He is asking to you to Which Vietnamese company is world famous, give him his answer instead of trolling

This thread is not related to VN, do u have problem wt understanding ??

U can open new thread abt VN banking system if u want.

 

[White and Green with M/S]

This thread is not related to VN, do u have problem wt understanding ??

U can open new thread abt VN banking system if u want.

So why you here for trolling if this is not Vietnam related thread???

 

[Viva_Viet]

So why you here for trolling if this is not Vietnam related thread???

Since when PDF members dont have the right to discuss abt CN economy?

Stop acting like u r Mod, or I will put u in the ignore list.

 

[Han Patriot]

Most of CN Private companies r also dead due to paying too high salary to Cnese like u

---
China Evergrande Group is facing a crisis of confidence among creditors who’ve lent the world’s most indebted developer more than $120 billion.

Avertissement de redirection

I am in a highly paid industry, normal Chinese are paid 1 to 1.5k usd. That's average over the major cities in China, rural areas might be 300 to 500 usd$.

I told you, if they are mismanaged they fail. Its simple economics, do you know what is the profit of evergrande? Show me the audited debt of evergrande. Not just speculation please?

Btw, so tell me which Vietnam companybis managed, how Is xiamen compare to poor Vietnam? At least we have the money to loan, what about poor Vietnam? Ask from your daddy? Lol

 

[White and Green with M/S]

Since when PDF members dont have the right to discuss abt CN economy?

Stop acting like u r Mod, or I will put u in the ignore list.

It right you troll about China, if Viet not able to do anything against China, this is reasonable/ sensible question i asked, and you're not discussing but trolling against China i am just telling you sooner or later you will be ban on PDF by any Mod because of your trolling

 

[Viva_Viet]

I am in a highly paid industry, normal Chinese are paid 1 to 1.5k usd. That's average over the major cities in China, rural areas might be 300 to 500 usd$.

I told you, if they are mismanaged they fail. Its simple economics, do you know what is the profit of evergrande? Show me the audited debt of evergrande. Not just speculation please?

Yeah, your highly paid industry is just like highly paid Oil industry in Lybia, where the staffs got 10,000 to 20,000 usd per month. But what happened to Lybia ?? This highly paid Oil industry is just too small to help Lybia avoid Chaos and collapse.

Evergrande hasn't collapsed yet like that coal company bcs they still got stimulus money from the banks, but the stimulus measures wont last long, we will know what happened to Evergrande in abt 3 years

With Biden coming in, Wall Street will try to get trade back on track and cut tariffs Trump imposed on China. It may take a while, but don’t count China out yet. BTW Gordon Chang by his own admission predicted that China would collapse within 10 years, back in 2001. he was obviously wrong.

When he reflected on this prediction (in a recent podcast) in 2020, he stated he had an overly simplistic view of how The Chinese communist party works and underestimated how resilient it truly is to survive.

U know, when Trump scrapped TPP, all Cnese said that "Trump is the best POTUS to CN" and we all knew what Trump did to CN.

So dont tell the same story to Biden ,bro

 

[Han Patriot]

Yeah, your highly paid industry is just like highly paid Oil industry in Lybia, where every workers got 10,000 to 20,000 usd per month. But what happened to Lybia ?? This highly paid Oil industry is just too small to help Lybia avoid Chaos and collapse.

Evergrande hasn't collapsed yet like that coal company bcs they still got stimulus money from the banks, but the stimulus measures wont last long, we will know what happened to Evergrande in abt 3 years

Those are not stimulus money mate, those are loan and they have alot of asset backing them up. China would have collapsed long time ago if we are managed like a third world country like Vietnam. Lol.

As I explained coal used to be a highly profitable industry, but now due to China's new clean energy policy, we are reducing coal usage. It created alot of millionaires in China, the coal barons.

I might not get the same amount of salary in the future, who knows, but the global marine industry is dominated by China and Korea. Koreans already feeling the pinch. Hey just answer me, where are the well known Viet companies and how is xiamen compare to Vietnam. I don't even want to start on Vietnamese fck up SOEs. Lol

Btw, Libya is not the worlds largest consumer market and the world's largest manufacturer right? And also the second most powerful military on earth? They got nailed by the states and if Vietnam don't suck on Papa like the old saigon days, you gonna get punished too.

 

[White and Green with M/S]

Yeah, your highly paid industry is just like highly paid Oil industry in Lybia, where the staffs got 10,000 to 20,000 usd per month. But what happened to Lybia ?? This highly paid Oil industry is just too small to help Lybia avoid Chaos and collapse.

Evergrande hasn't collapsed yet like that coal company bcs they still got stimulus money from the banks, but the stimulus measures wont last long, we will know what happened to Evergrande in abt 3 years
U know, when Trump scrapped TPP, all Cnese said that "Trump is the best POTUS to CN" and we all knew what Trump did to CN.

So dont tell the same story to Biden ,bro

Now trolling continues @Viva_Viet , this not a discussion but rants against China

 

[Kyle Sun]

Gordon Chang ...

 

[Viva_Viet]

Those are not stimulus money mate, those are loan and they have alot of asset backing them up. China would have collapsed long time ago if we are managed like a third world country like Vietnam. Lol.

As I explained coal used to be a highly profitable industry, but now due to China's new clean energy policy, we are reducing coal usage. It created alot of millionaires in China, the coal barons.

I might not get the same amount of salary in the future, who knows, but the global marine industry is dominated by China and Korea. Koreans already feeling the pinch. Hey just answer me, where are the well known Viet companies and how is xiamen compare to Vietnam. I don't even want to start on Vietnamese fck up SOEs. Lol

Btw, Libya is not the worlds largest consumer market and the world's largest manufacturer right? And also the second most powerful military on earth? They got nailed by the states and if Vietnam don't suck on Papa like the old saigon days, you gonna get punished too.

Just like a also said, CN is just like JP after Plaza accord, CN is facing property bubble burst. CN is also facing demographic crisis due to living cost get higher while much harder to find good jobs during trade war , meaning less Cnese wanna buy new houses/apartments.

So, the collapse of Evergrande is just the matter of time cos less Cnese can afford to buy new houses / apartments, except CN Govt desperately use the immigration policy like JP.

U can keep bragging CN is "strong and powerful " (while CN only control 12% of SCS when VN control abt 65% there )but Soviet also was "strong and really power", too.

CN is just making the same mistake wt Lybia when trying all cost to reach $10,000 usd per capita, boasting and lying how "powerful " CN is simply cant save u from chaos when only few ppl working in highly paid industry get well paid while the rest dont even have enough money for living cost

 

[White and Green with M/S]

Just like a also said, CN is just like JP after Plaza accord, CN is facing property bubble burst. CN is also facing demographic crisis due to living cost get higher while much harder to find good jobs during trade war , meaning less Cnese wanna buy new houses/apartments.

So, the collapse of Evergrande is just the matter of time cos less Cnese can afford to buy new houses / apartments, except CN Govt desperately use the immigration policy like JP.

U can keep bragging CN is "strong and powerful " (while CN only control 12% of SCS whiel VN control abt 65% there )but Soviet also was "strong and really power", too.

CN is just making the same mistake wt Lybia when trying all cost to reach $10,000 usd per capita, boasting and lying how "powerful " CN simply cant save u from chaos when only few ppl working in highly paid industry get well paid while the rest dont even have enough money for living cost

Who are you to suppose to be, does your country compete against China, China is the world major power player @Viva_Viet

U can keep bragging CN is "strong and powerful " (while CN only control 12% of SCS when VN control abt 65% there )but Soviet also was "strong and really power", too.

If they want 65% of YOUR SCS part, they will do this in no time and you will not able to stop China, So you must thanks to China to giving you 65% SCS @Viva_Viet

 

[Han Patriot]

Just like a also said, CN is just like JP after Plaza accord, CN is facing property bubble burst. CN is also facing demographic crisis due to living cost get higher while much harder to find good jobs during trade war , meaning less Cnese wanna buy new houses/apartments.

So, the collapse of Evergrande is just the matter of time cos less Cnese can afford to buy new houses / apartments, except CN Govt desperately use the immigration policy like JP.

U can keep bragging CN is "strong and powerful " (while CN only control 12% of SCS when VN control abt 65% there )but Soviet also was "strong and really power", too.

CN is just making the same mistake wt Lybia when trying all cost to reach $10,000 usd per capita, boasting and lying how "powerful " CN is simply cant save u from chaos when only few ppl working in highly paid industry get well paid while the rest dont even have enough money for living cost

I would say that the whole world is facing this kind of bread and butter issues, including young Americans and Westerners who can't afford houses and even young Vietnamese. But China is big and full of opportunities, if you can't afford Shanghai, buy in 3rd tier cuties or 5th,thats why people do not understand urbanisation in China. Its happening in smaller cities and these are the new consumption centers.

So far jobs are still plentiful but competition is stiff, that's the downside of having 1.4billiom people, the best survive. Japan was forced into an accord and militarily weak, we are a market larger than US and militarily the second most powerful, you can't even compare. There are alot of rich people and also alot of poor people in China, one apartment building alone is worth 1 bil US dollars in Shanghai, and you tell me there isn't 120 apartments in Shanghai? That's the meanong of 120bil usd, you need to understand scale in China.

I would Chinese work force is upgrading fast and we have so many tech companies creating new possibilities and opportunities, unlike Vietnam. Which is just a poor cheap slave labor society.

Programmers and tech workers are quite well paid in China, that's just economics, there is a need and demand, the supply comes, if adhering to market economics meant decay, then shoiuld we be like Viets where everilyody is poor and starving?

Well let's wait till 2023 when you predict China would collapse OK? Lol. I can't predict the future. So Vietnam is more powerful than China? If so why do you need to suck Papa? Like a whore? Lol
Btw until. Now you haven't answered the question, which is a world class Viet company and how does Xiamen, a tier 3 city compare to Vietnam? Lol

 

[Viva_Viet]

I would say that the whole world is facing this kind of bread and butter issues, including young Americans and Westerners who can't afford houses and even young Vietnamese. But China is big and full of opportunities, if you can't afford Shanghai, buy in 3rd tier cuties or 5th,thats why people do not understand urbanisation in China. Its happening in smaller cities and these are the new consumption centers.

So far jobs are still plentiful but competition is stiff, that's the downside of having 1.4billiom people, the best survive. Japan was forced into an accord and militarily weak, we are a market larger than US and militarily the second most powerful, you can't even compare. There are alot of rich people and also alot of poor people in China, one apartment building alone is worth 1 bil US dollars in Shanghai, and you tell me there isn't 120 apartments in Shanghai? That's the meanong of 120bil usd, you need to understand scale in China.

I would Chinese work force is upgrading fast and we have so many tech companies creating new possibilities and opportunities, unlike Vietnam. Which is just a poor cheap slave labor society.

Programmers and tech workers are quite well paid in China, that's just economics, there is a need and demand, the supply comes, if adhering to market economics meant decay, then shoiuld we be like Viets where everilyody is poor and starving?

Well let's wait till 2023 when you predict China would collapse OK? Lol. I can't predict the future. So Vietnam is more powerful than China? If so why do you need to suck Papa? Like a whore? Lol

Okay, if the knowledge of Cnese like u is too poor to understand the situation, then let me explain to u abt China.

There r 600 millions poor Cnese earning less than 140 USD per month as PM Li admit, those Cnese is already the big burden of CN economy. There r only abt 200 millions Cnese r rich, plus abt 100-150 millions have good life ( salary from $5,000 to $10,000) thanks for serving those rich Cnese.

The rest ( abt another 600 millions) still have jobs mainly thanks to CN stimulus measures, but it ( stimulus measures) will reduce soon and only focus on some key industries like truck manufacturing, electronic vehicles etc while end in labour intensive industries like shoes, garment, airpods assembly etc and those jobs mainly located in 3rd tier cities like Dongguan and Xiamen.

So, when the stimulus measures reduce, ppl will not able to find good enough jobs to pay for living cost in Dongguan and Xiamen, its completely not worth to buy houses there as ppl cant find jobs. Then companies like Evergrande will got property bubble bursted.

U asked me what I think abt 3rd tier cities like Xiamen, then I tell u :"No hope, no Future"

 

[shi12jun]

Okay, if the knowledge of Cnese like u is too poor to understand the situation, then let me explain to u abt China.

There r 600 millions poor Cnese earning less than 140 USD per month as PM Li admit, those Cnese is already the big burden of CN economy. There r only abt 200 millions Cnese r rich, plus abt 100-150 millions have good like ( salary from $5,000 to $10,000) thanks for serving those rich Cnese.

The rest ( abt another 600 millions) still have job mainly thanks to CN stimulus measures but it ( stimulus measures) will reduce soon and only focus on some key industries like truck manufacturing, electronic vehicles etc while end in labour intensive industries like shoes, garment, airpods assembly etc and those jobs mainly located in 3rd tier cities like Dongguan and Xiamen.

So, when the stimulus measures reduce, ppl will not able to find good enough jobs to pay for living cost in Dongguan and Xiamen, its completely not worth to buy houses there as ppl cant find jobs. Then companies like Evergrande will got property bubble bursted.

U asked me what I think abt 3rd tier cities like Xiamen, then I tell u :"No hope, no Future"

 

[Han Patriot]

Okay, if the knowledge of Cnese like u is too poor to understand the situation, then let me explain to u abt China.

There r 600 millions poor Cnese earning less than 140 USD per month as PM Li admit, those Cnese is already the big burden of CN economy. There r only abt 200 millions Cnese r rich, plus abt 100-150 millions have good life ( salary from $5,000 to $10,000) thanks for serving those rich Cnese.

The rest ( abt another 600 millions) still have jobs mainly thanks to CN stimulus measures, but it ( stimulus measures) will reduce soon and only focus on some key industries like truck manufacturing, electronic vehicles etc while end in labour intensive industries like shoes, garment, airpods assembly etc and those jobs mainly located in 3rd tier cities like Dongguan and Xiamen.

So, when the stimulus measures reduce, ppl will not able to find good enough jobs to pay for living cost in Dongguan and Xiamen, its completely not worth to buy houses there as ppl cant find jobs. Then companies like Evergrande will got property bubble bursted.

U asked me what I think abt 3rd tier cities like Xiamen, then I tell u :"No hope, no Future"

I think 160usd is the take home pay after taxes and social security if any, 160 is 1000 rmb, and if you live in a small town or village, the food and rental expenditure is very low I would say that 600mil is saving 500rmb per month, not rich but not starving. The average Viet factory worker gets around 200usd? You are comparing the poorer 600mil with Vietnamnese with factory jobs. There is still another 700mil earning more, 100 to 200 mil earning 10k usd a month is already way richer than you can imagine. This is the ultra rich segment, you need this portion to consume and let the benefits trickle down. That 500 million in between is the new middle class everyone wants to tap into. Now do you understand the scale of the Chinese economy? Coupled with population and industrialization and technology, in another 30 years, we will reach a moderately prosperous country per capita.

In China, not all loans are stimulus genius, it works by market principles, else we would have been fck up liike India and Vietnam. Most stimulus are used for key infrastructure projects requiring ROI of decades like Hsr, water conservancy, environmental, new energy etc.

You still don't understand the power of the command economy. Ebeegrande will not go bust because they have assets. You can prolong the loan and reduce the interests, unlike the West, money and the banking system. Is. Owned by the government. We can even command banks to not collect interest for decades.

If China and their cities have no hope, then what about Vietnam, a China wannabe? Money and dollars we earned are used to built industries and infrastructure, and secure resources for our growth. You gotta use money man its just printed dollars. In. VIETNAM, your people are poor and uneducated your government is corrupted and not efficient when compared to ours. You are like China 30 years ago cheap. Work force, with no. Technology. When most industries automates with Chinese tech, what will Vietnamnese do? Lol
And btw you still haven't tell. Me. How Xiamen compares to Vietnams sithole cities. Lol. And where are the infamous Vietnamnese companies?