How China Pays off Debt

[Rangila]

Connection to where? Like I said, if you are talking about connection between China and US, then there is nothing China can do. The bottleneck is the external connections.

These are deceptive & digressive debate tactics. You are trying to indulge into a red herring type.

Just imagine if I would have given the same reply on India, which has even lower broadband numbers than China.
And I be like; Connection to where? The bottleneck is the external connections types that you are describing unnecessarily.

the 2015, 20mbps goal is actual for Urban households
China Says Broadband Speeds Of 20 Mbps By 2015
Faster broadband by 2015- China.org.cn
Faster broadband in China by 2015 | FTTH & Triple Play Broadband equipment

goal for 2020 i believe is 50 mbps for urban users

Well then the average for the nation (combined with rural areas) will come down.
South Korea beats every country as of now, even the mighty US & Japan. And we never hear things like Rural is this much & urban is this much.

And this is what I mean.

 

[Dungeness]

These are deceptive & digressive debate tactics. You are trying to indulge into a red herring type.

Just imagine if I would have given the same reply on India, which has even lower broadband numbers than China.
And I be like; Connection to where? The bottleneck is the external connections types that you are describing unnecessarily.



Well then the average for the nation (combined with rural areas) will come down.
South Korea beats every country as of now, even the mighty US & Japan. And we never hear things like Rural is this much & urban is this much.

And this is what I mean.

We all know SK has the highest Internet speed right now, for a country is as large as a province of China and with the population as many as Shanghai and it surrounding, it is not that of a big deal, so you do not really have to repeat this fact in every post.

The article mentioned in the original post, had stated the urban area would have 20M by 2015, and 4M for rural, which I thought was a great achievement for a developing country 3 times size of India. You did not bother to read the article, and started ranting, why? China never claimed it had the highest internet speed in the world, so what exactly is your problem?

The only reason I replied to your post is that you tried to insult China, which it not acceptable!

 

[AndrewJin]

We all know SK has the highest Internet speed right now, for a country is as large as a province of China and with the population as many as Shanghai and it surrounding, it is not that of a big deal, so you do not really have to repeat this fact in every post.

The article mentioned in the original post, had stated the urban area would have 20M by 2015, and 4M for rural, which I thought was a great achievement for a developing country 3 times size of India. You did not bother to read the article, and started ranting, why? China never claimed it had the highest internet speed in the world, so what exactly is your problem?

The only reason I replied to your post is that you tried to insult China, which it not acceptable!

I am in a village bus from Danba County to Aba Autonomous Prefecture. Read the slogan, this photo was taken 10 minutes ago in a village of Jinchuan County.

 

[Rangila]

Oh here he comes on Geography & population factor:

for a country is as large as a province of China and with the population as many as Shanghai and it surrounding, it is not that of a big deal

With above dialogue and the extension of your logic, you are accepting a defeat (on the speed of tech absorption) from number of countries (Sweden, Norway, Denmark, Spain, France, UK) which are smaller than China and possess more advanced technology. Just because they are smaller than China, so its not a big deal type.

Otherwise your reply was unwarranted.

@Dungeness

Why is then China bigger & better than little Venezuela in terms of Broadband speed penetration?

With SK China can not win because SK is of course smaller than Shanghai .....
Venezuela is the same smaller nation too, but China beats it on the same internet speed penetration WHY?

 

[TaiShang]

Why engage the Indian?

@Dungeness

***

Now back to finance:

London debt issue represents milestone for China
By Wang Yuzhu -- Published: 2015-10-22 23:53:01

Issuance highlights China’s economic power in post-financial crisis era

According to the People's Bank of China (PBC), the central bank, China issued 5 billion yuan ($788 million) worth of one-year bills in London on Tuesday, the first time that China has issued yuan-denominated bills outside the country.

As reported by the Financial Times, China's Ministry of Finance is likely to offer yuan-denominated debt with longer terms. This shows that economic cooperation between China and the UK has been elevated to a new level.

In recent years, Sino-British trade has grown by leaps and bounds, and investment and financial cooperation have been increasing. The opening up of sensitive UK sectors like telecommunications and nuclear energy to Chinese investors shows that the British government strongly trusts China's investment enterprises.

With trade settlement in the yuan having continued to rise, the stock of offshore yuan has also increased. However, the offshore market has long lacked an effective repatriation channel for the yuan. That affects the willingness of many in the international community to hold the currency, and so offshore yuan exchange rates and interest rates are under pressure.

This situation could lead to speculation in the yuan and have a negative influence on the currency's internationalization and the stability of the international financial market. Apart from the quota for Renminbi Qualified Foreign Institutional Investors (RQFII), the PBC's move to issue yuan-denominated bills in London - an important offshore yuan center in Europe and a pivotal international financial center - is another innovation for the yuan to return to China's domestic market. This means that in the future, offshore yuan capital, including that from other markets, can flow back to China via the London financial market. That will further highlight London's international competitive advantage as a financial center.

Since World War II, the supremacy of the US dollar, the formation of the eurozone and a rising euro have weakened London's position as a financial center. So the issuance of yuan-denominated bills during President Xi's State visit to the UK is in fact a demonstration of China's desire for Sino-British cooperation.

Technically speaking, it should not be much of an issue to launch yuan-denominated debt in the London market. The concern is mainly on the political level. Western countries have their concerns over China's potential political intentions and ambitions in terms of its investment and the yuan's internationalization, but London has shown them that China is a reliable partner.

The issuance of bills in yuan in London during Xi's visit also conveys an implication that political suspicion between China and the UK no longer exists, and shows that both sides welcome investment and opening-up. One example is that, despite US objections, the UK joined the Chinese-led Asian Infrastructure Investment Bank (AIIB), which led to many other developed countries' involvement in the AIIB. Another example was London's openness to the China Investment Corporation (CIC) not long after the corporation was founded in 2007, despite skeptical attitudes among some Western countries.

Financial cooperation between China and the UK could take bigger steps and further expand the repatriation channels for the yuan to China from different fields. For example, on September 25, the China Foreign Exchange Trade System and Chicago Mercantile Exchange Group (known as CME Group Inc) jointly announced an agreement allowing US financial institutions to invest in China's interbank market, which can also be applied in London's financial market. Issues by the PBC of yuan-denominated bills and bonds will be more effective in managing the liquidity of the domestic money market, compared with the opening up of the interbank market.

Against the backdrop of yuan internationalization, the PBC's perspectives and measures in monetary policy will undergo a series of adjustments, and London as a financial center could be an all-encompassing partner in the process of the yuan's internationalization. In addition, China's move to offer yuan-denominated debt also serves as a signal to attract more Chinese enterprises to conduct investment and financing business via the London market.

The issuance of yuan-denominated debt by the PBC in London is more than a milestone for the currency's internationalization. It is also a recognition of China's influence in the spheres of economics and finance and a reflection of the developing trend of pragmatic cooperation between China and developed countries.

The UK's cooperative approach toward China reflects the reality that developed countries are rebalancing and normalizing their view of a rising China. Sino-British cooperation is also a reflection of China's new style of international relations under Xi's leadership.

In the post-financial crisis era, when the global economic recovery and sustainable growth face severe challenges, pragmatic cooperation between China and the UK is the appropriate development direction for globalization. The fruit of this cooperation will serve as an example of global cooperation in the post-crisis era.

 

[tranquilium]

These are deceptive & digressive debate tactics. You are trying to indulge into a red herring type.

Just imagine if I would have given the same reply on India, which has even lower broadband numbers than China.
And I be like; Connection to where? The bottleneck is the external connections types that you are describing unnecessarily.

Erm, internet connection to different part of world has different speed. Which part of that is deceptive or digressive? The 20 mbps connection at my office at South Carolina connects to google.com almost instantaneously, but if I am trying to access a Chinese site like baidu.com it will take longer. Similarly, if I am staying in Shenyang China, connecting to Baidu is a lot faster than google. (yes, I am aware that google is banned in China. I think the idea should be obvious.)

Hence why I am asking about the graph shown in the post I quoted. It simply shows a speed with no mention of how that number is determined.

I would imagine it is the same for India. The speed of connecting to internal sites and to international sites will be very different.

 

[applesauce]

Well then the average for the nation (combined with rural areas) will come down.
South Korea beats every country as of now, even the mighty US & Japan. And we never hear things like Rural is this much & urban is this much.

And this is what I mean.

of course a combined urban/rural speed is going to be slower, rural speeds were less than 10 i believe, more like 4-5 mbps. that said, it's far easier and cheaper to wire SK than say china or the US, it's also why they break down the speeds to urban and rural. its fairly normal too, afterall you simply cannot expect the same speeds when living on top a mountain than if you in one of the largest cities on earth. china is large and though much of the population is in cities now, there is still almost half, that's 600+million people living in rural areas(45% ish of the pop.)

 

[Rangila]

Erm, internet connection to different part of world has different speed. Which part of that is deceptive or digressive? The 20 mbps connection at my office at South Carolina connects to google.com almost instantaneously, but if I am trying to access a Chinese site like baidu.com it will take longer. Similarly, if I am staying in Shenyang China, connecting to Baidu is a lot faster than google. (yes, I am aware that google is banned in China. I think the idea should be obvious.)

Hence why I am asking about the graph shown in the post I quoted. It simply shows a speed with no mention of how that number is determined.

I would imagine it is the same for India. The speed of connecting to internal sites and to international sites will be very different.

Its the overall average broadband speed of the nation.
Each country has its numbers based on what they have.
Thats what India has (lower numbers than China) and South Korea which tops the table.

What you are talking is another concept of slow server problems somewhere sometimes, and they are everywhere scattered along the globe.

But the country's prowess in terms of outstanding broadband speed numbers is different ball game.

of course a combined urban/rural speed is going to be slower, rural speeds were less than 10 i believe, more like 4-5 mbps.

Thats how each nation gets its average like India or South Korea.
And thats what I have been emphasizing = laying special attention to it.

 

[Dungeness]

Oh here he comes on Geography & population factor:

for a country is as large as a province of China and with the population as many as Shanghai and it surrounding, it is not that of a big deal

With above dialogue and the extension of your logic, you are accepting a defeat (on the speed of tech absorption) from number of countries (Sweden, Norway, Denmark, Spain, France, UK) which are smaller than China and possess more advanced technology. Just because they are smaller than China, so its not a big deal type.

Otherwise your reply was unwarranted.

@Dungeness

Why is then China bigger & better than little Venezuela in terms of Broadband speed penetration?

With SK China can not win because SK is of course smaller than Shanghai .....
Venezuela is the same smaller nation too, but China beats it on the same internet speed penetration WHY?

Funny, China is not in race with small countries or any country in that matter, what is the failure you are talking about? China set the goal, and accomplished it on time. That is all it matters. I can easily pick a region with

Why engage the Indian?

@Dungeness

***

Now back to finance:

London debt issue represents milestone for China
By Wang Yuzhu -- Published: 2015-10-22 23:53:01

Issuance highlights China’s economic power in post-financial crisis era

According to the People's Bank of China (PBC), the central bank, China issued 5 billion yuan ($788 million) worth of one-year bills in London on Tuesday, the first time that China has issued yuan-denominated bills outside the country.

As reported by the Financial Times, China's Ministry of Finance is likely to offer yuan-denominated debt with longer terms. This shows that economic cooperation between China and the UK has been elevated to a new level.

In recent years, Sino-British trade has grown by leaps and bounds, and investment and financial cooperation have been increasing. The opening up of sensitive UK sectors like telecommunications and nuclear energy to Chinese investors shows that the British government strongly trusts China's investment enterprises.

With trade settlement in the yuan having continued to rise, the stock of offshore yuan has also increased. However, the offshore market has long lacked an effective repatriation channel for the yuan. That affects the willingness of many in the international community to hold the currency, and so offshore yuan exchange rates and interest rates are under pressure.

This situation could lead to speculation in the yuan and have a negative influence on the currency's internationalization and the stability of the international financial market. Apart from the quota for Renminbi Qualified Foreign Institutional Investors (RQFII), the PBC's move to issue yuan-denominated bills in London - an important offshore yuan center in Europe and a pivotal international financial center - is another innovation for the yuan to return to China's domestic market. This means that in the future, offshore yuan capital, including that from other markets, can flow back to China via the London financial market. That will further highlight London's international competitive advantage as a financial center.

Since World War II, the supremacy of the US dollar, the formation of the eurozone and a rising euro have weakened London's position as a financial center. So the issuance of yuan-denominated bills during President Xi's State visit to the UK is in fact a demonstration of China's desire for Sino-British cooperation.

Technically speaking, it should not be much of an issue to launch yuan-denominated debt in the London market. The concern is mainly on the political level. Western countries have their concerns over China's potential political intentions and ambitions in terms of its investment and the yuan's internationalization, but London has shown them that China is a reliable partner.

The issuance of bills in yuan in London during Xi's visit also conveys an implication that political suspicion between China and the UK no longer exists, and shows that both sides welcome investment and opening-up. One example is that, despite US objections, the UK joined the Chinese-led Asian Infrastructure Investment Bank (AIIB), which led to many other developed countries' involvement in the AIIB. Another example was London's openness to the China Investment Corporation (CIC) not long after the corporation was founded in 2007, despite skeptical attitudes among some Western countries.

Financial cooperation between China and the UK could take bigger steps and further expand the repatriation channels for the yuan to China from different fields. For example, on September 25, the China Foreign Exchange Trade System and Chicago Mercantile Exchange Group (known as CME Group Inc) jointly announced an agreement allowing US financial institutions to invest in China's interbank market, which can also be applied in London's financial market. Issues by the PBC of yuan-denominated bills and bonds will be more effective in managing the liquidity of the domestic money market, compared with the opening up of the interbank market.

Against the backdrop of yuan internationalization, the PBC's perspectives and measures in monetary policy will undergo a series of adjustments, and London as a financial center could be an all-encompassing partner in the process of the yuan's internationalization. In addition, China's move to offer yuan-denominated debt also serves as a signal to attract more Chinese enterprises to conduct investment and financing business via the London market.

The issuance of yuan-denominated debt by the PBC in London is more than a milestone for the currency's internationalization. It is also a recognition of China's influence in the spheres of economics and finance and a reflection of the developing trend of pragmatic cooperation between China and developed countries.

The UK's cooperative approach toward China reflects the reality that developed countries are rebalancing and normalizing their view of a rising China. Sino-British cooperation is also a reflection of China's new style of international relations under Xi's leadership.

In the post-financial crisis era, when the global economic recovery and sustainable growth face severe challenges, pragmatic cooperation between China and the UK is the appropriate development direction for globalization. The fruit of this cooperation will serve as an example of global cooperation in the post-crisis era.

Got it. Some Indians I talked to do have some common sense though.

 

[CHN Bamboo]

@TaiShang

China Says Broadband Speeds Of 20 Mbps By 2015 Forbes: AUG 18, 2012

What is the actual speed as of now?

Let the Akamai explain;

View attachment 266288

Methane discharge?

Dont know how this statistic is concluded.
100M is cheap in China,less than 200$ a year.All my classmates changed to 100M now.

 

[Dungeness]

Dont know how this statistic is concluded.
100M is cheap in China,less than 200$ a year.All my classmates changed to 100M now.

I have already given up talking to some ignorant people, whose country's rural area in large extend don't even have electricity, let alone Internet. Remember the guy from South Tibet? He has only 14K speed in the good days.

There is no point giving a torch to a blind. What can you do them? Even their president believe they would be a superpower in 2012. Let them live in their delusion, that is how they get by with their pathetic live.

 

[Rangila]

China is not in race with small countries...

Its not race but your flawed rational saying SK is a smaller like Shanghai, so it can, hence no big deal.



@Dungeness

There is no point giving a torch to blind.

@Dungeness A bad mechanic fights with his tools.

 

[CHN Bamboo]

China is not in race with small countries...

Its not race but your flawed rational saying SK is a smaller like Shanghai, so it can, hence no big deal.



@Dungeness

There is no point giving a torch to blind.

@Dungeness A bad mechanic fights with his tools.

Even years ago my father's brother living in mountains have 6M,I am sure they use at least 20M now.

 

[大汉奸柳传志]

That is..one persistent indian...

 

[Rangila]

Even years ago my father's brother living in mountains have 6M,I am sure they use at least 20M now.

Come with credible numbers against this ongoing dialogue
Words alone wont suffice.