Chinese Economics Thread
- Thread starter Norfolk
- Start date
Pinduoduo pledges US$1.5 billion of profits to Chinese farmers as it reports 89 per cent jump in sales
China’s largest online retailer by consumers reported that sales jumped a less-than-expected 89 per cent to 23 billion yuan in the June quarterPinduoduo’s performance comes after rivals like Alibaba Group Holding and JD.com reported slowing growth in the face of regulatory curbs
China’s largest online retailer by consumers reported that sales jumped a less-than-expected 89 per cent to 23 billion yuan in the June quarterPinduoduo’s performance comes after rivals like Alibaba Group Holding and JD.com reported slowing growth in the face of regulatory curbs
Another has bent the knee…
FriedRiceNSpice
Captain
You have a very misguided view of the world, attributed to drinking too much media / propaganda kool-aid and lacking in actual education and understanding of how things work.
You love putting numbers together, especially isolated statistics that are meaningless in isolation and fail to grasp the big picture. You try to sound knowledgeable by applying academic sounding terms when in actuality you completely fail to understand core concepts.
There are many knowledgeable members on this forum, subject area experts in many different domains. You should take much more time reading, analyzing (to yourself), learn to identify who actually knows what they are talking about and who do not, and add to your own understanding before trying to support your own claims with real evidence and data.
Hendrik_2000
Lieutenant General
Thats approx. 9.3 billion barrels of oil
(1 tonne = 7.3 barrels of oil)
Lets say that in a 40 year time frame thats 230 mln barrels of oil per year (very simple calculation, not taking into account various factors which will most likely reduce that figure)
Divide that, and you get approx 650 000 barrels per day if production is set up fully.
A respectable number and a significant development. We will need to wait to see what their production schedule and estimated will be for this
Hendrik_2000
Lieutenant General
Yup that is probably the production rate of Oman and Indonesia today. Yes it is respectable find. China can always tapped the Tarim based oil field in emergency. They are not economical but in emergency every drop of oil count. It think 30 years is the benchmark
Hendrik_2000
Lieutenant General
Here is the video. This find improve Chinese resiliency in face of blockade or embargo but it will take several years to develop it
GLOBALink | China discovers major shale oil field
Wasn't there also not a group of consortiums that pretty much told to Biden freaking fix the China trade relation a month ago or so?