Chinese Economics Thread

NiuBiDaRen

NiuBiDaRen

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Overbom said:
Good policy. These companies have been squeezing the wages of their workers in order to "compete" with each other. In this capitalistic "competition", the only one who was losing was the poor worker who had hid wages cut in order for the business to "grow" (garbage growth)
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If it were me, I would execute these rent seeking food delivery czars and redistribute their land to deliverymen

Overbom said:
China also released a plan for having even more medicines included in a similar program. So that means that more medicines will have similar discounts!

Big pharma is taking a big L.
That should teach them to start investing in real cures where they can overcharge (acceptable price for finding a real cure) than on decades old medicines
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Please also send greedy pharma executives to the Gulags
 
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Overbom

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ansy1968 said:
@Overbom bro another one from Xi, for the betterment of the Chinese people, housing check, education check, working condition check and now medical expense check! Jia You!!!

BEIJING, Dec 3 (Reuters) - Pharmaceutical firms have agreed to cut prices by 61.7% on average for 67 medicines to be included in China's national medical insurance coverage in a new round of negotiations, Chinese authorities said on Friday.2 hours ago

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China also released a plan for having even more medicines included in a similar program. So that means that more medicines will have similar discounts!

Big pharma is taking a big L.
That should teach them to start investing in real cures where they can overcharge (acceptable price for finding a real cure) than on decades old medicines
 
X

xypher

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Crang said:
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Xi pressed the tiny button @Overbom
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ansy1968 said:
@Overbom bro another one from Xi, for the betterment of the Chinese people, housing check, education check, working condition check and now medical expense check! Jia You!!!

BEIJING, Dec 3 (Reuters) - Pharmaceutical firms have agreed to cut prices by 61.7% on average for 67 medicines to be included in China's national medical insurance coverage in a new round of negotiations, Chinese authorities said on Friday.2 hours ago

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China is genociding prices :mad::mad::mad:
 
NiuBiDaRen

NiuBiDaRen

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This is like WTA saying "no more tournaments in China" when there weren't any tournaments to begin with because of COVID.

I'm sure the real impetus is Chinese regulators cracking down on Chinese companies doing US listings. American regulators cracking down on same said companies doing US listings is just icing on the cake.

In fact American regulators are shooting themselves in the foot. What good are American regulators anyway


Anyway this benefits China since Chinese companies are better off listing in China.

Win for China! Oh yeah!
 
M

MixedReality

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Registered Member
Crang said:
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This is like WTA saying "no more tournaments in China" when there weren't any tournaments to begin with because of COVID.

I'm sure the real impetus is Chinese regulators cracking down on Chinese companies doing US listings. American regulators cracking down on same said companies doing US listings is just icing on the cake.

In fact American regulators are shooting themselves in the foot. What good are American regulators anyway


Anyway this benefits China since Chinese companies are better off listing in China.

Win for China! Oh yeah!
Click to expand...

I have no sympathy for any Chinese company that go list on Western exchanges and get kicked out.

List on Chinese exchanges and help develop China’s stock market instead.
 
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