Chinese Economics Thread

[Deleted member 15887]

Vaccination Update: China daily vaccination rate hit 8 million doses/day yesterday, 4 times the rate of US vaccination rates

 

[Deleted member 15887]

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A new government video showing a local labour official working a 12-hour shift as a Meituan employee has been making the rounds on Chinese social media, two days after the on-demand delivery giant became the latest target of China’s sweeping campaign to rein in the country’s internet companies.
The two-minute clip, shared by the Beijing Municipal Human Resources and Social Security Bureau’s official Weibo account on Wednesday, featured the deputy director of the bureau’s labour relations division Wang Lin spending a day working as a Meituan delivery driver in the Chinese capital.

finally some movement towards action on courier companies' abuse of workers. hope the government drops charges on the leader of the Delivery Riders Alliance union.

 

[sndef888]

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While steel production dropped in the rest of the world due to Covid, China's increased by 5.2%, increasing market share from 53.3% to 56.5%. China alone controls almost 60% of global steel production.

 

[voyager1]

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A new government video showing a local labour official working a 12-hour shift as a Meituan employee has been making the rounds on Chinese social media, two days after the on-demand delivery giant became the latest target of China’s sweeping campaign to rein in the country’s internet companies.
The two-minute clip, shared by the Beijing Municipal Human Resources and Social Security Bureau’s official Weibo account on Wednesday, featured the deputy director of the bureau’s labour relations division Wang Lin spending a day working as a Meituan delivery driver in the Chinese capital.

Meituan should be regulated all the way down.

Filthy company exploiting the poor, driving restaurants either out of business or making super low profits.

Meituan is a parasite to the Chinese economy. They should immediately stop hurting the little guy trying to make some extra RMB for his family.

Fcking disgusted with this company

 

[Orthan]

Zhejiang is number one nationwide, it seems Wenzhou's Economic model is the most successful in China.

How much of that comes from exports?

 

[Tyler]

Meituan should be regulated all the way down.

Filthy company exploiting the poor, driving restaurants either out of business or making super low profits.

Meituan is a parasite to the Chinese economy. They should immediately stop hurting the little guy trying to make some extra RMB for his family.

Fcking disgusted with this company

Millions of people save time by ordering food online, providing business to restaurants.

 

[voyager1]

Millions of people save time by ordering food online, providing business to restaurants.

I didnt say that the company should be closed down? They certainly innovated at this area, but now they doing anti-competitive practises and squeeze out mom-and-pop owned restaurants and they exploit their overworked driver.

 

[Tyler]

I didnt say that the company should be closed down? They certainly innovated at this area, but now they doing anti-competitive practises and squeeze out mom-and-pop owned restaurants and they exploit their overworked driver.

How are they anti-competitive when they still have to compete against food delivery services from alibaba like ele.me?

 

[voyager1]

How are they anti-competitive when they still have to compete against food delivery services from alibaba like ele.me?

They are by enforcing the "choose only one"(made up name) merchant method where they force restaurants to sell exclusively to their company if they want to enter their sellers network. This is a blatant anti-competitive method.

Plus Ele.me is also anti-competitive and it was also summoned by the regulators for this matter if I am.not wrong?

And they are also blocking small competitors from showing up. Only big companies backed by Alibaba can compete with it. Its more like a duopoly

 

[FriedRiceNSpice]

They are by enforcing the "choose only one"(made up name) merchant method where they force restaurants to sell exclusively to their company if they want to enter their sellers network. This is a blatant anti-competitive method.

If that's the case, then it seems they'd be in violation of anti-trust laws in just about any major nation. Imagine the uproar if Doordash or Uber or Caviar tried that in the US.