Chinese Economics Thread

MortyandRick

Senior Member
Registered Member
I repeat, what I hate is the way this kind of problem is handled.Using people who don't wear uniforms to "solve" the protesters, but the government thinks they can get rid of the relationship by doing so, stupid idea.

What you see is the worst result of this matter.Last night, the government issued an announcement promising to solve the matter, but everyone was wondering whether it was true.
I understand your frustration. I do have a question though, have you ever lived in the states or Canada or a western country? stuff like this happened here more than you know and even with good PR due to elections, the results are the same. Except the politicians will say some good words for the cameras but still screw over the common folk. that distrust of government is the same here, even with supposedly democracy. That’s the way I see it and I’ve lived here most of my life. but I may be biased So don’t take what I say to seriously,
 

Coalescence

Senior Member
Registered Member
I repeat, what I hate is the way this kind of problem is handled.Using people who don't wear uniforms to "solve" the protesters, but the government thinks they can get rid of the relationship by doing so, stupid idea.
I think the purpose of using people not wearing uniforms is not to convince the domestic population, but to confuse the foreign media in reporting this incident. The video shared above to me looks like two groups of civilians fighting each other than cops suppressing the protest, if it was the latter it would be a boon for the foreign media's narrative of China's "authoritarianism".
 

zhangjim

Junior Member
Registered Member
I think the purpose of using people not wearing uniforms is not to convince the domestic population, but to confuse the foreign media in reporting this incident. The video shared above to me looks like two groups of civilians fighting each other than cops suppressing the protest, if it was the latter it would be a boon for the foreign media's narrative of China's "authoritarianism".
This idea is naive,Now some Chinese people believe that these people are underworld personnel hired by the government.
 

Coalescence

Senior Member
Registered Member
This idea is naive,Now some Chinese people believe that these people are underworld personnel hired by the government.
Well, there's no perfect solution to this problem, we'll just have to wait till the money problem is sorted out, then the central government make an announcement about the incident and then "punish" those responsible for hiring those personnel.
 

zhangjim

Junior Member
Registered Member
No it definitely looks like professionally trained tactics for crowd control. Well that one tweet actually believed those were protestors trying to storm the bank lol.
So it's more stupid and can't deceive anyone.This is not funny, because all the anger will be directed at the government. As a regime with great power different from the west, they have the obligation to bear and appease this anger.
In Chinese public opinion, this is the violent suppression of the people by the government using underworld personnel.In other words, the government is the largest illegal organization.This makes the "legal system" a joke. How to treat the people depends entirely on the mood of the government.
 

Sleepyjam

Junior Member
Registered Member
So it's more stupid and can't deceive anyone.This is not funny, because all the anger will be directed at the government. As a regime with great power different from the west, they have the obligation to bear and appease this anger.
In Chinese public opinion, this is the violent suppression of the people by the government using underworld personnel.
Well some were already “deceived” so… Underworld personal don't use professional tactics.
 

coolgod

Colonel
Registered Member
Zhangjim just keeps on spouting lies, doom and gloom. Greedy investors (not your average citizen) from all over China individually invested tens of millions of yuan into online scam investment products (e.g., 9%~10% annual interest) from small local banks, but lost all the money cause the scammer ran to the US. So they co-opted local people and used NED rallying tactics (English banners really?) to try and blackmail the Chinese government and people to bail them out.
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This is like investors who got scammed by Bernie Madoff organizing an illegal protest outside a Federal Reserve Bank, you think the US allows this?
If China bails them out this time, then these sorts of events will happen over and over again as long as people protest. This case is a clear moral hazard, hence China has to treat it delicately.
 
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zhangjim

Junior Member
Registered Member
Zhangjim just keeps on spouting lies, doom and gloom. Greedy investors (not your average citizen) from all over China individually invested tens of millions of yuan into online scam investment products (e.g., 9%~10% annual interest) from small local banks, but lost all the money cause the scammer ran to the US. So they co-opted local people and used NED rallying tactics (English banners really?) to try and blackmail the Chinese government and people to bail them out.
View attachment 92914
View attachment 92915
This is like investors who got scammed by Bernie Madoff organizing an illegal protest outside a Federal Reserve Bank, you think the US allows this?
If China bails them out this time, then these sorts of events will happen over and over again as long as people protest. This case is a clear moral hazard, hence China has to treat it delicately.
I repeat the content of another reply:
A few days ago,the frozen bank account was suddenly unsealed for half an hour without warning,then some money was withdrawn.

There is no reasonable explanation for this matter so far,there are suspicions that the government is helping those involved in the case to move their assets.
Then after the central government issued a warning,some depositors' health codes are marked in red again.

A series of coincidences add up to no coincidence.

By the way, it is very common to trick depositors into buying financial products in China,once the problem occurs, the bank will immediately throw the responsibility to the salesman.

The core of this series of problems is that regulation is completely out of control,many wrong practices have not been corrected for many years.
 

Sleepyjam

Junior Member
Registered Member
I repeat the content of another reply:
A few days ago,the frozen bank account was suddenly unsealed for half an hour without warning,then some money was withdrawn.

There is no reasonable explanation for this matter so far,there are suspicions that the government is helping those involved in the case to move their assets.
Then after the central government issued a warning,some depositors' health codes are marked in red again.

A series of coincidences add up to no coincidence.

By the way, it is very common to trick depositors into buying financial products in China,once the problem occurs, the bank will immediately throw the responsibility to the salesman.

The core of this series of problems is that regulation is completely out of control,many wrong practices have not been corrected for many years.
So you know which account was unsealed and for how long but not how much was withdrawn? What’s your source? Do you ever blame yourself for buying these risky financial assets?
 
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