Chinese Economics Thread
- Thread starter Norfolk
- Start date
Chinese leaders work very diligently. They know very well who will be at their back in difficult times n who is trying to contain them. Russia has vast natural resources n nuclear armed nation. They should stand together both in good n bad times n co-operate in every field.
Nope to me being a sheep farmer
He's the Milking Olympics gold medalist
I think you misunderstand unionpay. My atm card from China has a unionpay symbol. I go to HK, Taiwan, or San Jose, and I can get cash from an atm machine that has a unionpay symbol (I've tried this in all 3 places). I have never tried to use it as a debit card anywhere. In China, almost nobody uses a credit/debit card or even an atm card (cash) anymore. We use wechat pay or alipay. They are usually linked to a bank card. There is no fee on transactions, regardless of the size of transaction. There is a fee if an amount in your ewallet is transferred to your bank account. You can send 1 cent to your friend on wechat pay, for example. There's no fee. If your friend transfers from his wechat pay account to his bank account, there's a fee (though I don't know how they handle 1 cent).
Credit/debit cards never got a foothold here. We kind of skipped it and went directly from cash to e-payment. I've already got a digital rmb wallet and played with it a little bit. Haven't used it much though.
broadsword
Brigadier
What is the reason Unionpay is not available on Aliexpress, Alibaba and other portals?
No, but my grandfather was one of the first to start selling dairy cows for stock inprovement in China.
extract from
FEEDING DAIRY CATTLE IN TROPICAL REGIONS OF CHINA
by
Cheng Nanging
"In order to meet the people's milk demand, between 1980–1985, this province imported 3,318 black and white dairy cattle from New Zealand, Denmark, the USA, Canada and Australia. The milk productivity and management of these cattle and the original local black and white are as follows
Cattle from New Zealand are better adapted to the Guangdong Province conditions than cattle from other countries. In the first year of their importation, those cattle suffered serious heat stress. In the Chu-Cuen dairy cattle farm, among 675 cattle imported in 1985, 18.7% of them had to be slaughtered in the first year because of foot-rot, septicaemia, mastitis, pneumonia, dystocia, uterine prolapse, ruptured uterus and other diseases. In the second and third years, they had to cull only 5.8% and 1.9% of the total cows, respectively.
Milk production
From Table 1, it can be seen that the milk production of cattle from New Zealand is nearly equal to that found in their home country. The milk production of the cows from other countries, although it is increasing each year, is still lower than the production in their home countries (although higher than the New Zealand cows). The milk production has increased rapidly every year. Some of the cows produced 6000 kg of milk in a 305 day lactation and the highest one achieved 9327 kg of milk in 305 days."
Unionpay will be used by Russian business travelers and tourists traveling abroad basically. Might also be used for small scale e-commerce with China. Inside Russia they can use the Mir card network. Unionpay will not be used for corporate transactions in general. That will be CIPS.
Thats a good thing how bigger the network how more power China will have to determine vNext standards of the payment networks.
Sorry noob question, but why were there restrictions on Russian wheat?