BABA still got room to fall another 50%, BUY it when it does.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
A article from the BBC about China's accession to the WTO 20 years ago.
A quote from the article:
A quote from the article:
This is America's fatal flaw in understanding China and the world back then and still is today. The deeper you go into ideology the further you are removed from reality.
The premise of the article is fallacious. It presupposes that China could never have risen without the allowance of the West. China's rise was going to happen once its leaders set out to make it happen, exogenous factors are overstated. It's really a bizarre form of eurocentrism to assume that developing countries can only get rich if the West lets them.
How do they explain 8% average Chinese growth before WTO accession? The article is a piece of self-aggrandization. Ignore it.
RCEP has gone into effect.
The 15-member Regional and Comprehensive Economic Partnership, or RCEP, includes , , South Korea and many other Asian countries.
The deal slashes tariffs on thousands of products, streamlining trade procedures and providing mutual advantages for member nations. It also takes into account issues such as e-commerce, intellectual property and government procurement. But it has less stringent labour and environmental requirements than those expected of countries in the European Union or the smaller Trans-Pacific Partnership, which includes many of the same countries but not China.
RCEP is expected to boost trade within the region by two percent, or $42 billion, both through increased trade and also through diversion of trade as tariff rules change, experts say.
The 15-member Regional and Comprehensive Economic Partnership, or RCEP, includes , , South Korea and many other Asian countries.
The deal slashes tariffs on thousands of products, streamlining trade procedures and providing mutual advantages for member nations. It also takes into account issues such as e-commerce, intellectual property and government procurement. But it has less stringent labour and environmental requirements than those expected of countries in the European Union or the smaller Trans-Pacific Partnership, which includes many of the same countries but not China.
RCEP is expected to boost trade within the region by two percent, or $42 billion, both through increased trade and also through diversion of trade as tariff rules change, experts say.
I think EVERGRANDE is finished now. Probably the government might take over the restructuring of the company.
November and December sales by Evergrande is 700 mln RMB. That's just 99% percent less than at the same time a year ago which was 90 billion RMB.
November and December sales by Evergrande is 700 mln RMB. That's just 99% percent less than at the same time a year ago which was 90 billion RMB.
Why don't they sell their apartments? The government is not allowing them to reduce prices?
Probably no one wants to buy if the company is on the verge of collapse. The money for an apartment is usually your life savings, why would anybody risk it.
What is the danger of buying apartment from them? Warranty void if they go bankrupt?