Chinese Economics Thread

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gelgoog

Lieutenant General
Registered Member
zbb said:
I've noticed that for countries with similar nominal GDP per capita, the PPP to nominal ratio for China is among the lowest (if not the lowest).
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The Yuan isn't convertible. It is kind of pointless to evaluate GDP in USD done by converting Yuan amounts to USD.
The fact that China is experiencing deflation at roughly the same as everyone else is experiencing inflation is another sign that the Yuan is worth more than what it appears to be worth on the surface. Will probably only appreciate more as demand for Yuan continues to grow.
 
L

luminary

Senior Member
Registered Member
Starbucks is almost a Chinese company now.

Three-time Chief Executive Howard Schultz,
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from Starbucks’ board, placed great importance on China,
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Tellingly, his replacement will be former
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executive Wei Zhang, most recently a senior adviser to
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, previously served as the
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.


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Starbucks is making a big push, but other companies are pushing even harder as China moves closer to becoming the country with the most coffee shops in the world​

Only developing markets, and China in particular, can create the sort of growth that justifies Starbucks’ rich stock valuation.
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, China’s one-time answer to Starbucks, was brought to its knees financially
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. It has had a dramatic recovery under new management. Three years ago it was neck-and-neck with Starbucks in terms of store count and heading lower. Now it has nearly 11,000.
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Cotti Coffee, a China-based chain started just a year ago by Luckin’s founders,
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which would make it the fifth-largest coffee brand globally. Between them Luckin and Cotti have opened a coffee shop every hour on average in the past year.
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M

Michael90

Junior Member
Registered Member
luminary said:
Starbucks is almost a Chinese company now.

Three-time Chief Executive Howard Schultz,
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from Starbucks’ board, placed great importance on China,
Please, Log in or Register to view URLs content!
Tellingly, his replacement will be former
Please, Log in or Register to view URLs content!
executive Wei Zhang, most recently a senior adviser to
Please, Log in or Register to view URLs content!
, previously served as the
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.


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Starbucks is making a big push, but other companies are pushing even harder as China moves closer to becoming the country with the most coffee shops in the world​

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Why will Luckin coffee fabricate sales if they were already doing well?‍♂️
 
Bellum_Romanum

Bellum_Romanum

Brigadier
Registered Member
Michael90 said:
Why will Luckin coffee fabricate sales if they were already doing well?‍♂️
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Since Lucken was and still is a PUBLICLY TRADED COMPANY LISTED AT THE NYSE it wanted to inflate the sales to meet and exceed WALLSTREET numbers which ensure a higher valuation of their stocks = $$ for then chief executive and his accomplices. Ultimately, it's all about GREED.
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
https://twitter.com/i/web/status/1705098151974371606

It’s because China is like the son of a Tiger Mom who expect her offspring to be the absolute best at every single subject whereas the UK is the delinquent pot smoking kid who stays at juvies more than he does in school or home. The expectations are totally different. When China gets an A-, he deserves a whipping for slipping into Bsian territory but when UK gets a D+, it really isn’t all that much worse than a C-.
 
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