The question is "Why was 800 million of their people in poverty in the first place?" Oh wait, it was because of the oppressive communist dictatorship.
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phucked up prc
- Thread starter eatshitndie
- Start date
The communist leaders were too ambitious and taking corners in their desire to overtake the West , USA and USSR. All the farmers were making steel instead of harvesting crops in the field during the great leap forwards.
In the first place, the CCP pushed the people into extreme famine and poverty and now the people are grateful to the CCP for the development and progress they are seeing, 5G infra, HSR, cashless system, etc. I pushed you into the water and saved you, you ought to be grateful to me @A Singaporean
according to previous pm li keqiang 696m tiongs still live in poverty. the lifting of 800m out of “poverty” is relative to ccp’s definition of poverty (which is cny16.9 or us$2.30 per day or us$69 per month) and is directly related to deng’s opening to the west. without fdi from the west and other wealthier east asian cuntries to help prc build factories, transfer tech, and import goods and cheap products from prc for decades, ccp will still be piss poor. ccp should thank the capitalist west and far east cuntries for their economic miracle. without them ccp can go back to be piss poor again.
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The Suchou Industrial Park is well forgotten, anyone has updates on the past and current?
I heard in the 90+, those sinkie technicians went to china to work they are maciam like talents because hardly any talent left in china by the 90+ as the elites and educated ones were killed in concentration camps, persecuted by red guards or sent to rural areas to work as farmers during the great cultural revolution.
ccp as usual is very ungrateful to sinkies and sg. they have dismissed all notions that sg has helped prc in the past as they consider sg too tiny and insignificant to have helped prc modernize. true that sg is small but it’s not size that matters. it’s policies, methods, processes, trained and skilled human resources in industrial and commercial infrastructure and logistics (the sinkie system), whereby sg is very good at, that matters. ccp cocksuckers forget that a smaller cuntry can train and guide a much bigger cuntry to build factories, pipes, bridges and roads to sexport products that the rest of the world need. tsmc is one such sexample. a way smaller cuntry like tw can demonstrate that less than 6.9nm wafers can be made while a large cuntry like prc still struggle with 6.9nm and above. tiongs can’t even make tiny ball bearings round enough to match those of jp to make ballpoint pens smooth and smudge-free. left alone, prc will just be like another nk. everything grand on the outside but tofu and rot on the inside.
no more lavish meals with exotic wild animals for banquets, tiongs now settle for 六毛九 porridge.
Thu, August 10, 2023 at 2:05 AM PDT
BEIJING (Reuters) - At Nanchengxiang restaurants in Beijing, customers treat themselves to a breakfast buffet with three types of rice porridge, sour and spicy soup, and milk - all for the price of 3 yuan ($0.40).
"Many good, cheap choices popped up during the pandemic," said 71-year-old Gao Yi, while sharing breakfast with his grandson in one of the chain's 160 outlets in the Chinese capital.
"Not all of them last. But there are new good deals all the time, you just have to go out to find them."
That's what deflation looks like in China.
Poor consumer appetite is fuelling a price war among lower-end restaurant chains in China, which analysts say could harm smaller businesses struggling to keep up with discounts offered by bigger players.
As witnessed by Japan in the 1990s, deflation - if prolonged - can weigh on economic growth.
"Good deals are needed to get consumers through the door so there is a lot of pressure on these businesses to find margins," said Ben Cavender, managing director at China Market Research Group in Shanghai.
Unlike in Western countries, Chinese people were left largely to fend for themselves financially during the pandemic, with government support directed mainly toward the manufacturing sector. Once the restrictions were lifted, there was no immediate consumer splurge as some economists had predicted.
With wages and pensions hardly budging and the job market highly uncertain, spending appetites are limited, and in a barely growing economy, confidence is low.
"Discount strategies, offering consumers a more value-for-money choice, match the current economic situation," said Zhu Danpeng, a food and beverage analyst and deputy head of the Guangdong Provincial Food Safety Promotion Alliance.
The central Nanchengxiang outlet was packed on Thursday, as it has been every morning since the 3 yuan deal was launched in May, according to staff. The company did not respond to Reuters' questions about their profit margins and business strategy.
https://www.yahoo.com/finance/news/breakfast-40-cents-chinas-deflation-090541224.html
Breakfast for 40 cents: what China's deflation looks like
Sophie Yu and Yew Lun TianThu, August 10, 2023 at 2:05 AM PDT
BEIJING (Reuters) - At Nanchengxiang restaurants in Beijing, customers treat themselves to a breakfast buffet with three types of rice porridge, sour and spicy soup, and milk - all for the price of 3 yuan ($0.40).
"Many good, cheap choices popped up during the pandemic," said 71-year-old Gao Yi, while sharing breakfast with his grandson in one of the chain's 160 outlets in the Chinese capital.
"Not all of them last. But there are new good deals all the time, you just have to go out to find them."
That's what deflation looks like in China.
Poor consumer appetite is fuelling a price war among lower-end restaurant chains in China, which analysts say could harm smaller businesses struggling to keep up with discounts offered by bigger players.
As witnessed by Japan in the 1990s, deflation - if prolonged - can weigh on economic growth.
"Good deals are needed to get consumers through the door so there is a lot of pressure on these businesses to find margins," said Ben Cavender, managing director at China Market Research Group in Shanghai.
Unlike in Western countries, Chinese people were left largely to fend for themselves financially during the pandemic, with government support directed mainly toward the manufacturing sector. Once the restrictions were lifted, there was no immediate consumer splurge as some economists had predicted.
With wages and pensions hardly budging and the job market highly uncertain, spending appetites are limited, and in a barely growing economy, confidence is low.
"Discount strategies, offering consumers a more value-for-money choice, match the current economic situation," said Zhu Danpeng, a food and beverage analyst and deputy head of the Guangdong Provincial Food Safety Promotion Alliance.
The central Nanchengxiang outlet was packed on Thursday, as it has been every morning since the 3 yuan deal was launched in May, according to staff. The company did not respond to Reuters' questions about their profit margins and business strategy.
https://www.yahoo.com/finance/news/breakfast-40-cents-chinas-deflation-090541224.html
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Hahaha, sounds about right
Can cum here to join ATB commando
Must be fake news.... 160 holy news say China will help us to huat big big deal woh
Singaporean treat with huat la huat la $20/kg maoshanwang durian De wohno more lavish meals with exotic wild animals for banquets, tiongs now settle for 六毛九 porridge.
Breakfast for 40 cents: what China's deflation looks like
Sophie Yu and Yew Lun Tian
Thu, August 10, 2023 at 2:05 AM PDT
BEIJING (Reuters) - At Nanchengxiang restaurants in Beijing, customers treat themselves to a breakfast buffet with three types of rice porridge, sour and spicy soup, and milk - all for the price of 3 yuan ($0.40).
"Many good, cheap choices popped up during the pandemic," said 71-year-old Gao Yi, while sharing breakfast with his grandson in one of the chain's 160 outlets in the Chinese capital.
"Not all of them last. But there are new good deals all the time, you just have to go out to find them."
That's what deflation looks like in China.
Poor consumer appetite is fuelling a price war among lower-end restaurant chains in China, which analysts say could harm smaller businesses struggling to keep up with discounts offered by bigger players.
As witnessed by Japan in the 1990s, deflation - if prolonged - can weigh on economic growth.
"Good deals are needed to get consumers through the door so there is a lot of pressure on these businesses to find margins," said Ben Cavender, managing director at China Market Research Group in Shanghai.
Unlike in Western countries, Chinese people were left largely to fend for themselves financially during the pandemic, with government support directed mainly toward the manufacturing sector. Once the restrictions were lifted, there was no immediate consumer splurge as some economists had predicted.
With wages and pensions hardly budging and the job market highly uncertain, spending appetites are limited, and in a barely growing economy, confidence is low.
"Discount strategies, offering consumers a more value-for-money choice, match the current economic situation," said Zhu Danpeng, a food and beverage analyst and deputy head of the Guangdong Provincial Food Safety Promotion Alliance.
The central Nanchengxiang outlet was packed on Thursday, as it has been every morning since the 3 yuan deal was launched in May, according to staff. The company did not respond to Reuters' questions about their profit margins and business strategy.
https://www.yahoo.com/finance/news/breakfast-40-cents-chinas-deflation-090541224.html
If China could compromise the journalism in European and American newspapers, dealing with those cheap fake news merchants at Braddell is easy-peasy.
Fake Fire Extinguishers & Hydrants, Life-Saving Equipment Has Become Mere Decoration in China
A car owner had received a gift fire extinguisher from a 4S store when purchasing his vehicle, only to discover that it was fake. Recently, a video from a fire drill conducted by a certain organization in China has gone viral. In the video, a woman can be seen trying to extinguish a fire pile with the extinguisher, but to no avail. Netizens commented that this was a typical example of a counterfeit product made in China. Some even remarked that it was a good thing this was just a drill; had it been used in a real fire, the consequences would have been disastrous.
#fake #chinacollapse #chinaobserver
China has suspended the release of monthly data on joblessness among young people
https://edition.cnn.com/2023/08/14/economy/china-economy-july-slowdown-intl-hnk/index.html
https://edition.cnn.com/2023/08/14/economy/china-economy-july-slowdown-intl-hnk/index.html
yes, Chinese authorities asked some investment funds this week to avoid being net sellers
https://www.bloomberg.com/news/arti...nds-to-avoid-net-equity-sales-as-markets-sink
That's how evil CCP is, and commiecunt dickless retarded faggot @tanwahtiu still thinks they are hero. These people are the biggest traitor of China Chinese people.
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