Chinese Economics Thread

[dfrtyhgj]

DiDi voluntarily delisted. China's sight has now expanded to European bourses as well.

Is the app still banned?

 

[Overbom]

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The extended Covid-19 lockdown in Shanghai could reduce China’s monthly GDP by 2.5 to 3 per cent, as stringent travel restrictions in the financial centre and logistics hub have started to take a toll on the national economy, with more Chinese cities set to impose equally strict measures, experts said.

The estimation was made by Michael Song, an economics professor at the Chinese University of Hong Kong, based on the model used in a research paper published this month by Song and four economists from Tsinghua University, Zhejiang University, Princeton University and the University of International Business and Economics.
The model used truck flow data covering 315 cities from January 2019 to January 2022 to forecast the impact of a month-long lockdown in Shanghai. It concluded that truck flows connected to the city, as well as Shanghai’s real income, would both decrease by 54 per cent.

 

[KYli]

Is the app still banned?

It's still ban for downloading.

 

[dfrtyhgj]

They can make it all up by doing overtime at 2x pay.

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It's still ban for downloading.

We should also ban Big Tech from accepting new customers so Small Tech can blossom.

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[broadsword]

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[/URL]

China had all the time in the world to make CIPS as efficient as SWIFT. So why had they not done so?

 

[dfrtyhgj]

China had all the time in the world to make CIPS as efficient as SWIFT. So why had they not done so?

They don't want the Yuan to be the reserve currency, they'd rather the Ruble fill that role. Eg: they'll eventually take the Yuan back from the billionaires while printing more to fund jobs.

 

[xypher]

They don't want the Yuan to be the reserve currency, they'd rather the Ruble fill that role.

? Ruble won't ever become a reserve currency. Russia is barely in the top 20 trading nations. Not having Yuan as the reserve currency (or at least making up a significant chunk of the currency bucket) means conceding that privilege to the West.

 

[dfrtyhgj]

? Ruble won't ever become a reserve currency. Russia is barely in the top 20 trading nations. Not having Yuan as the reserve currency (or at least making up a significant chunk of the currency bucket) means conceding that privilege to the West.

All of OPEC has rejected the dollar, the Euro, Pound, and the Yen, they chose Ruble already including China as well. It is game over for the West. Right now, only the dollar is still holding on due to the Chinese peg. Once China repeg to the Ruble it's party time.

 

[KYli]

China had all the time in the world to make CIPS as efficient as SWIFT. So why had they not done so?

A few years ago, China isn't strong enough and powerful enough to make the change. As of now, it is more of a will issue and special interests that don't want any decoupling to happen.

 

[broadsword]

All of OPEC has rejected the dollar, the Euro, Pound, and the Yen, they chose Ruble already including China as well. It is game over for the West. Right now, only the dollar is still holding on due to the Chinese peg. Once China repeg to the Ruble it's party time.

Was it reported officially?