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

[Viva_Viet]

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?

If its still hard for u to imagine how terrible of 600 millions poor lives in CN, then just pls do Google search.

Their houses will collapse in any storms, they dont have enough money for medical treatment when they get old and sick, they dont have enough money to build better houses. Let alone they can save 500rmb per month.

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Xijinping just visited a poor area two months ago , it's pretty much like what you see in the picture…
the picture…

. In China,the richest man you can not imagine how rich he is, the poorest man,you can not imagine how poor he is. We can say the richest man lives in 21 centuries, morden. The poorest man lives in 21 centuries ago, they live just like ancestors in 2000 years ago.

What does a poor Chinese family look like in China?

Answer (1 of 19): Maybe beyond your imagination. I wanna talk about LiangShan (meaning cold mountain” in Chinese), a place in China where people are still living under extremely poverty. " Here is an article written by a ten-year girl in LiangShan. I will try to translate it for you. > Tears...

www.quora.com

 

[Han Patriot]

If its still hard for u to imagine how terrible of 600 millions poor lives in CN, then just pls do Google search.

Their houses will collapse in any storms, they dont have enough money for medical treatment when they get old and sick, they dont have enough money to build better houses. Let alone they can save 500rmb per month.

-----

Xijinping just visited a poor area two months ago , it's pretty much like what you see in the picture…
the picture…




View attachment 688717

What does a poor Chinese family look like in China?

Answer (1 of 19): Maybe beyond your imagination. I wanna talk about LiangShan (meaning cold mountain” in Chinese), a place in China where people are still living under extremely poverty. " Here is an article written by a ten-year girl in LiangShan. I will try to translate it for you. > Tears...

www.quora.com

600mil Chinese are poor but middle class by Viet standards. Lol. We have brick houses even for poor villages, we don't build from wood like primitives.
These kind of poverty is maybe around 5% of the population not 600mil mate. That's why I ask you to visit China and see. Our government is working hard to eliminate poverty unlike the useless Vietnamnese government. Alot of mud houses are abandoned and the government relocates them to more assessible areas.

Btw, you still haven't answered me how does Xiamen compare to Vietnam and where are the famous Vietnam companies? Plz ANSWER ME

 

[Viva_Viet]

. Alot of mud houses are abandoned and the government relocates them to more assessible areas.

Btw, you still haven't answered me how does Xiamen compare to Vietnam and where are the famous Vietnam companies? Plz ANSWER ME

see ,600 millions poor Cnese is a big burden and the Govt have to take care of them. U have to admit that "the government relocates them to more assessible areas", but u dont wanna admit they r the big burden ?? Who will give them medicine when they r old and sick, who build better houses for them ?? Your Tax do it or their saving 500rmb per month

And for ur pathetic Xiamen, I told u "No hope" already while VN is the land of opportunity now, thats why Hai phong city alone is building 15 industrial zones to welcome the investors who quit CN to VN due to high labor cost .

Your Xiamen is dead when all investors left cos they dont wanna waste 800-1000 usd per month for ur workers due to CN GDP per capita is 10,000 usd

 

[FairAndUnbiased]

see ,600 millions poor Cnese is a big burden and the Govt have to take care of them. U have to admit that "the government relocates them to more assessible areas", but u dont wanna admit they r the big burden ?? Who will give them medicine when they r old and sick, who build better houses for them ?? Your Tax do it or their saving 500rmb per month

And for ur pathetic Xiamen, I told u "No hope" already while VN is the land of opportunity now, thats why Hai phong city alone is building 15 industrial zones to welcome the investors who quit CN to VN due to high labor cost .

Your Xiamen is dead when all investors left cos they dont wanna waste 800-1000 usd per month for ur workers due to CN GDP per capita is 10,000 usd

amazing. I'm glad that you have such low wages and have the opportunity to work very hard for foreign investors. Us poor Chinese only have the opportunity to enjoy life and make games like Genshin Impact, sing like Kris Wu, play League of Legends and win worlds like Suning gaming, write books like Liu Cixin, etc. All the hard work has left for you and for robots like this.

Too bad for us. I guess, have fun with your work, while we get money by playing games, writing and singing while robots do the work for us.

How many Viet workers sewing underwear does it take to produce the profit that this automated factory does in 5 minutes?

 

[Han Patriot]

see ,600 millions poor Cnese is a big burden and the Govt have to take care of them. U have to admit that "the government relocates them to more assessible areas", but u dont wanna admit they r the big burden ?? Who will give them medicine when they r old and sick, who build better houses for them ?? Your Tax do it or their saving 500rmb per month

And for ur pathetic Xiamen, I told u "No hope" already while VN is the land of opportunity now, thats why Hai phong city alone is building 15 industrial zones to welcome the investors who quit CN to VN due to high labor cost .

Your Xiamen is dead when all investors left cos they dont wanna waste 800-1000 usd per month for ur workers due to CN GDP per capita is 10,000 usd

Erm, since when did I say its not a burden feeding housing and developing 600mil ppl, it is a burden even for 1.3 billion people. But that's the job of the government to develop the populace and make sure they create economic output, which they did.

So far we get almost 2 trillion usd in taxes, thats almost the same as US federal taxes. So far its enough to develop a baduc education and healthcare, not perfect but our aim is by 2050 wewill be able to bringoderate prosperity to the rest.

Again, we are no longer looking to be exporting, it's also about domestic consumption. You don't understand how powerful the Chinese Market is. Btw, below is your land of opportunity Vietnam. Lol. Slum area full of shit water. Lol. You dare compare to Xiamen. Lololol

 

[Viva_Viet]

amazing. I'm glad that you have such low wages and have the opportunity to work very hard for foreign investors. Us poor Chinese only have the opportunity to enjoy life and make games like Genshin Impact, sing like Kris Wu, play League of Legends and win worlds like Suning gaming, write books like Liu Cixin, etc. All the hard work has left for you and for robots like this.

Too bad for us. I guess, have fun with your work, while we get money by playing games, writing and singing while robots do the work for us.

How many Viet workers sewing underwear does it take to produce the profit that this automated factory does in 5 minutes?

Good, at least u realize that CN manufacturing sector is dead already due to high labor cost. No one pay 800-1,000 usd per month for ur workers.

U guys'd better focus on making uselss game, crazy-idiot app like Tik Tok. U cant make profit from shoes, airpods assembly factories anymore.

 

[FairAndUnbiased]

Good, at least u realize that CN manufacturing sector is dead already due to high labor cost. No one pay 800-1,000 usd per month for ur workers.

U guys'd better focus on making uselss game, crazy-idiot app like Tik Tok. U cant make profit from shoes, airpods assembly factories anymore.

yep you are right. absolutely right. we can't profit from shoes and airpods assembly. we can only make chips, TVs, games, apps, pop stars, etc.

enjoy posting this on a phone with Chinese components while everyone around you is on Tik Tok, playing Genshin Impact and listening to Kris Wu.

 

[Han Patriot]

yep you are right. absolutely right. we can't profit from shoes and airpods assembly. we can only make chips, TVs, games, apps, pop stars, etc.

enjoy posting this on a phone with Chinese components while everyone around you is on Tik Tok, playing Genshin Impact and listening to Kris Wu.

yep you are right. absolutely right. we can't profit from shoes and airpods assembly. we can only make chips, TVs, games, apps, pop stars, etc.

enjoy posting this on a phone with Chinese components while everyone around you is on Tik Tok, playing Genshin Impact and listening to Kris Wu.

I hope that genius realize that automated line is to make the most advanced OLED and their Papa don't even have this technology.

 

[Viva_Viet]

Erm, since when did I say its not a burden feeding housing and developing 600mil ppl, it is a burden even for 1.3 billion people. But that's the job of the government to develop the populace and make sure they create economic output, which they did.

So far we get almost 2 trillion usd in taxes, thats almost the same as US federal taxes. So far its enough to develop a baduc education and healthcare, not perfect but our aim is by 2050 wewill be able to bringoderate prosperity to the rest.

Again, we are no longer looking to be exporting, it's also about domestic consumption. You don't understand how powerful the Chinese Market is. Btw, below is your land of opportunity Vietnam. Lol. Slum area full of shit water. Lol. You dare compare to Xiamen. LolololView attachment 688779

Not asure if CN has 2 trillion usd in taxes,but based on the article CN debt is raising ,banking system is facing mega trouble.

Okay, so we agree that 600 millions Cnese is a big burden, the Govt have to spend lots of money to keep them survive .

For another 600 millions Cnese who still got job, just like I said, their factories still open mainly thanks for CN stimulus measures, No crazy one pay CN workers 800-1,000 usd per month just for doing the same Jobs wt VN workers who got 300-430 usd per month ( not mentioning US-CN trade war make them lose all profit).

When stimulus measures end, at least abt 350 millions Cnese will lose jobs. CN manufacturing sector is dead, 3rd tier cities like Dongguan, Xiamen r dead. Bad Future for at least 900 millions Cnese

 

[Han Patriot]

Good, at least u realize that CN manufacturing sector is dead already due to high labor cost. No one pay 800-1,000 usd per month for ur workers.

U guys'd better focus on making uselss game, crazy-idiot app like Tik Tok. U cant make profit from shoes, airpods assembly factories anymore.

Land of hope! Houses made of leaves. Lolol

Not asure if CN has 2 trillion usd in taxes,but based on the article CN debt is raising ,banking system is facing mega trouble.

Okay, so we agree that 600 millions Cnese is a big burden, the Govt have to spend lots of money to keep them survive .

For another 600 millions Cnese who still got job, just like I said, their factories still open mainly thanks for CN stimulus measures, No crazy one pay CN workers 800-1,000 usd per month just for doing the same Jobs wt VN workers who got 300-430 usd per month ( not mentioning US-CN trade war make them lose all profit).

When stimulus measures end, at least abt 350 millions Cnese will lose jobs. CN manufacturing sector is dead, 3rd tier cities like Dongguan, Xiamen r dead. Bad Future for at least 900 millions Cnese

You don't understand how the Chinese banking system works mate. Its government owned,, it one pocket money out going to another pocket of the same government numb numb. As long as the net profit of all the SOEs combined is positive, its just another sector subsidizing the next. It has to balance else, we would have collapsed long ago genius. Our annual tax revenue is roughly 2.2 trillion usd. That does not even include profit from state monopolies liike power water and telco.

We don't spend alot to keep them alive, they work and farm to keep themselves alive, we spend money for the basic infrastructure healthcare and education, that's accross the board. Its not like we hand out cash to keep them alive, we are not a welfare state man, we can't afford to be and won't encourage lethargy.

Vietnamnese workers are paid 200 usd on average not all work for MNC factories. So stop comparing your highest paid with our poorest. Lol.

China didn't even use any stimulus for this virus crisis mate. I told you there are no such thing stimulus for commercial loans, it's only government investment in long term projects. Get it?
Some one please post Xiamen pics for this genius to see. Lolol

 

[shi12jun]

Take a look at all the Vietnam videos posted by this Vietnam YouTube blogger are from Vietnam this year.

What a wealthy Vietnam
What a wealthy Vietnam

China’s poor rural countries all allocate new buildings for free. Why doesn’t Vietnam help these poor Vietnamese people allocate a clean building? Hahaha

 

[Han Patriot]

This is like Africa. Lolol

 

[shi12jun]

Look at China now, hundreds of cities are no worse than Ho Chi Minh

Chinese city aerial photos

jNext continue to Shenzhen pictures Next, continue to send Beijing Next, continue to send Shanghai

defence.pk

 

[Viva_Viet]

yep you are right. absolutely right. we can't profit from shoes and airpods assembly. we can only make chips, TVs, games, apps, pop stars, etc.

enjoy posting this on a phone with Chinese components while everyone around you is on Tik Tok, playing Genshin Impact and listening to Kris Wu.

The business that help CN earn profit mainly in 1st and 2 nd cities, while 3rd cities that having shoes, airpods assembly factories r all dead .

Land of hope! Houses made of leaves. Lolol
View attachment 688785
View attachment 688786


You don't understand how the Chinese banking system works mate. Its government owned,, it one pocket money out going to another pocket of the same government numb numb. As long as the net profit of all the SOEs combined is positive, its just another sector subsidizing the next. It has to balance else, we would have collapsed long ago genius. Our annual tax revenue is roughly 2.2 trillion usd. That does not even include profit from state monopolies liike power water and telco.

We don't spend alot to keep them alive, they work and farm to keep themselves alive, we spend money for the basic infrastructure healthcare and education, that's accross the board. Its not like we hand out cash to keep them alive, we are not a welfare state man, we can't afford to be and won't encourage lethargy.

Vietnamnese workers are paid 200 usd on average not all work for MNC factories. So stop comparing your highest paid with our poorest. Lol.

China didn't even use any stimulus for this virus crisis mate. I told you there are no such thing stimulus for commercial loans, it's only government investment in long term projects. Get it?
Some one please post Xiamen pics for this genius to see. Lolol

Whatever u say, it cant help Cnese shoes, airpods assembly save their job due to No one wanna pay them high salary.

Without shoes, airpods assembly factories CN 3rd cities r all dead

 

[Han Patriot]

The business that help CN earn profit mainly in 1st and 2 nd cities, while 3rd cities that having shoes, airpods assembly factories r all dead .

Whatever u say, it cant help Cnese shoes, airpods assembly save their job due to No one wanna pay them high salary.

Without shoes, airpods assembly factories CN 3rd cities r all dead

Well we make components for those airpods you assemble mate. We are also automating and producing shoes. Still waiting for it to collapsed but our exports actually increased mate. Lol

Here some more video on poor Vietnam.