Chinese Economics Thread

hullopilllw

hullopilllw

Junior Member
Registered Member
taxiya said:
And @B.I.B.

It is not what you think. Read here,
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O-RAN ALLIANCE has been founded in February 2018 by AT&T, China Mobile, Deutsche Telekom, NTT DOCOMO and Orange. It has been established as a German entity in August 2018.

ORAN is a consortium of operators to take control of what pieces of Radio Access Network HW and/or SW from whoever they may choose instead of being bound to a supplier, therefor control the price. It is telecom operators (trying to let in new element suppliers) against traditional system suppliers.

You are right about ORAN's technical problem. It is extremely inefficient both SW wise and HW wise that lead to its ultimate shortcoming "energy consumption" for doing the same job. So far, no system suppliers have taken up this approach but only paying lip services so not to upset the operators.

Lastly, it has nothing to do with companies from any specific country. All operators want to dictate the price setting and reduce their suppliers to slaves.
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ORAN is a DARPA led initiative with the long term aim of shifting whatever G into American controlled hardware standard.

v2-7f1e0e253102446577bc573c0559cc53_1440w.jpg
 
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Deleted member 15887

Guest
sndef888 said:
Also, is it just me or do China's cities feel very concretised and industrial? Even tiny cities like Lhasa and other 3rd tiers have so many high rises and concrete all around, compared to places like southeast asia where there are many quaint little low rises.

Yet, China's cities don't seem to save all that much space. Look at Lhasa for example, it uses the land size of a pretty large city
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save agricultural space. Plus on an individual/family level Chinese people don't earn as much to build individual single-family houses as Japanese families do, so concrete apartment blocks allow for more affordable/efficient costs due to economies of scale.
 
NiuBiDaRen

NiuBiDaRen

Brigadier
Registered Member
B.I.B. said:
IMO The japanese built their homes the way they so that the people had a better chance of surviving earthquakes.
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That's true. Extremely tall buildings in Japan all look like this

1618807046842.png1618807167695.png

It really limits architectural expression.

It's not about the cost of building a house, but that high rises are cheaper to build in China because of lower earthquake needs.

EDIT: Actually I just did some research. The tallest buildings in Japan are less than 300m, while you have a couple of 600m buildings in Korea and China because Japan needs very earthquake resistant buildings.
 
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voyager1

Captain
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Chinese tech giant Tencent on Monday pledged to invest 50 billion yuan ($7.68 billion) in environmental and social initiatives
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its investment would fund initiatives in areas including basic science, education innovation, rural revitalisation, carbon neutrality, food, energy, and water provision, assistance with public emergencies, technology for senior citizens and public welfare.
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"Tencent should continue to respond to the ever-changing needs of the public and of the era, so as to develop and prosper together with society as a whole," Pony Ma, founder and chairman of Tencent, said in a statement.
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Pony Ma seems like he is a smarted due than the other Ma, Jack Ma. He is getting the message that he better starts paying back to the society if he wants his mega-company to continue to operate

I am expecting that a lot of these big companies will soon follow. Bytedance (big target), Alibaba (already did?) etc
 
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Deleted member 15887

Guest
Crang said:
That's true. Extremely tall buildings in Japan all look like this

View attachment 71082View attachment 71083

It really limits architectural expression.

It's not about the cost of building a house, but that high rises are cheaper to build in China because of lower earthquake needs.

EDIT: Actually I just did some research. The tallest buildings in Japan are less than 300m, while you have a couple of 600m buildings in Korea and China because Japan needs very earthquake resistant buildings.
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I assume this is also why cities like Chengdu, which is in a seismic zone, lacks similarly tall skyscrapers like the rest of China
 
steel21

steel21

Junior Member
Registered Member
voyager1 said:
Yep the digital Yuan will become the currency and I think people will still be allowed to use Alipay etc. Its just that before only these companies had data, now the Gov will have the data.

I believe the companies will not be nationalised but I have heard that the Gov is pushing Alipay etc, to set up a joint company with the PBoC to transfer their data there. So Gov will take take the data that way lol
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Alipay is only the platform. DCEP is still content of the exchange.

I understand that DCEP has its own digital platform, but it can be adapted as something like an API to work within Alipay and Wechat pay in order to accommodate the current user base.

Besides, while POBC will be primarily occupied with monetary supply and security, the private firms are more adapted to commercialization and adaptation to consumer trends and GUI development.
 
W

weig2000

Captain
steel21 said:
Alipay is only the platform. DCEP is still content of the exchange.

I understand that DCEP has its own digital platform, but it can be adapted as something like an API to work within Alipay and Wechat pay in order to accommodate the current user base.

Besides, while POBC will be primarily occupied with monetary supply and security, the private firms are more adapted to commercialization and adaptation to consumer trends and GUI development.
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Commercial companies are also going to engage in the value-add business leveraging the data and customer relationships. Central bank is not going to be involved in those. I also suspect that commercial payment companies may identify more payment scenarios to facilitate the transactions, although we would have to see what are those.
 
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