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Arglebargle III posted:https://www.gartner.com/newsroom/id/3115517 Time for the government to start faking smartphone purchase stats.
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# ? Aug 22, 2015 19:14 |
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# ? Jun 8, 2024 06:04 |
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Arglebargle III posted:https://www.gartner.com/newsroom/id/3115517 It was time to do that when the gilded goose committed suicide via homeopathic 'medicines'.
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# ? Aug 22, 2015 21:15 |
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http://ftalphaville.ft.com/2015/08/21/2138087/more-on-questioning-chinas-weirdly-stable-unemployment-rate/quote:More on questioning China’s weirdly stable unemployment rate
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# ? Aug 23, 2015 03:27 |
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The whole "China can't have disorder ever because it's special" thing has always bothered me, premodern China had basically the most stable political regime in the world for literally thousands of years. The Middle East has been at war basically constantly for its entire history, whereas China has a bad civil war every few hundred years and suddenly China can't have democracy or human rights or non-fudged unemployment numbers because of its horrible civil wars? Like literally China was probably the most internally stable premodern society by a long shot. Obviously the chaos of the late 19th/early 20th centuries looms large in the Chinese consciousness, but this is another entry on the list of orientalist garbage vomited out by Chinaboos to excuse the CCP I especially like the casualty figures for the pseudo-mythological war mostly attested in epic literature taken at face value. Did you know that 10 billion people died in Roman-Persian wars just like contemporary historians claimed? icantfindaname fucked around with this message at 04:23 on Aug 23, 2015 |
# ? Aug 23, 2015 04:10 |
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Even if you take those figures at face value (and you shouldn't, as you said), both that uprising and the Taiping rebellion started as secret society plots that were planned out for years. It wasn't a bunch of Chinese people going apeshit and burning poo poo for no reason because their inscrutable mind went into "burn everything" mode. That guy's fear of the unwashed mob is showing, it's like reading a 19th century conservative pamphlet. Bringing up the Three Kingdoms is just comical because of how long ago it was. What if [insert large-scale political reform] leads to another Caesar crossing the Rubicon ;_;
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# ? Aug 23, 2015 07:25 |
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Kassad posted:Even if you take those figures at face value (and you shouldn't, as you said), both that uprising and the Taiping rebellion started as secret society plots that were planned out for years. That's definitely not true of the Taiping at least. I'm also not sure why you two are jumping on the author. His point is that civil wars in China have been highly destructive (true), that the Chinese government is aware of this (also true), and this influences their decision making (probably true).
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# ? Aug 23, 2015 08:31 |
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I'm less convinced that the CCP cares about the potential loss of Chinese life from civil unrest and more convinced that they know they'd probably end up strung up really quickly.
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# ? Aug 23, 2015 08:57 |
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Fojar38 posted:I'm less convinced that the CCP cares about the potential loss of Chinese life from civil unrest and more convinced that they know they'd probably end up strung up really quickly. Well, obviously, yeah Daduzi fucked around with this message at 10:35 on Aug 23, 2015 |
# ? Aug 23, 2015 09:33 |
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http://www.ft.com/intl/cms/s/0/388bf2ca-475a-11e5-af2f-4d6e0e5eda22.html?siteedition=intlquote:The Chinese model is nearing its end
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# ? Aug 23, 2015 16:25 |
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http://www.theglobeandmail.com/repo...rticle26066035/quote:China on Sunday allowed pension funds managed by local governments to invest in the stock market for the first time, potentially channeling hundreds of billions of yuan into the country’s struggling equity market.
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# ? Aug 23, 2015 17:11 |
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Such a bad idea.
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# ? Aug 23, 2015 17:25 |
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This is going to be a goddamn disaster. If there's a saving grace it's that that first drop already happened, so there shouldn't be any illusions about market volatility (unlike, say, the housing bubble, which was billed as a safe investment until it suddenly wasn't). Unfortunately, I can still imagine a lot of fund managers either ignoring the warning signs, or being pressured into investment.
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# ? Aug 23, 2015 17:48 |
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Holy poo poo! Goddamn, goodbye pensions.
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# ? Aug 23, 2015 18:02 |
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The Lord of Hats posted:This is going to be a goddamn disaster. If there's a saving grace it's that that first drop already happened, so there shouldn't be any illusions about market volatility (unlike, say, the housing bubble, which was billed as a safe investment until it suddenly wasn't). Unfortunately, I can still imagine a lot of fund managers either ignoring the warning signs, or being pressured into investment. The later is probably what's going to happen. Being "allowed" to invest 30% of your pension fund in the stock market means 30% of your pension fund is going in the stock market, like it or not (revive the A shares).
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# ? Aug 23, 2015 18:18 |
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If wide swaths of the market are still frozen, how are the pension funds going to be able to invest? Just in the shallow remaining market, bailing out the holders of frozen equities privately, or something else? RIP Chinese pensioners either way.
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# ? Aug 23, 2015 18:24 |
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Is this a signal that things are more dire than we think?
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# ? Aug 23, 2015 18:42 |
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ocrumsprug posted:If wide swaths of the market are still frozen, how are the pension funds going to be able to invest? Just in the shallow remaining market, bailing out the holders of frozen equities privately, or something else? They'll probably be funneled into the big Chinese companies involved in energy and finance.
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# ? Aug 23, 2015 18:48 |
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Vladimir Putin posted:Is this a signal that things are more dire than we think? That is exactly what I thought when reading the article.
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# ? Aug 23, 2015 18:50 |
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Vladimir Putin posted:Is this a signal that things are more dire than we think? well, if you need to throw your pensioners to the lions to prop the market then things cannot be going that well
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# ? Aug 23, 2015 18:58 |
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This gives me the impression that there's something worse than mass ruined pensions they're trying to stave off...
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# ? Aug 23, 2015 21:07 |
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Holy poo poo, china!
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# ? Aug 23, 2015 21:08 |
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ocrumsprug posted:If wide swaths of the market are still frozen, how are the pension funds going to be able to invest? Just in the shallow remaining market, bailing out the holders of frozen equities privately, or something else? I think "frozen" actually is code for "can only go up". If someone comes to the Chinese SEC with a suitcase full of pension money and says they want to dump it all into the stocks they're trying to prop up those stocks will mysteriously unfreeze for long enough to do that
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# ? Aug 23, 2015 21:24 |
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Fox Cunning posted:This gives me the impression that there's something worse than mass ruined pensions they're trying to stave off... I don't know why they are risking it at all. Doesn't the government have tons of cash reserves? Edit: maybe they don't want to use all their foreign reserve currency because that would flood the market and depreciate that currency vs renminbi.
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# ? Aug 24, 2015 00:23 |
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Vladimir Putin posted:I don't know why they are risking it at all. Doesn't the government have tons of cash reserves? Burning through them to keep the yuan propped up.
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# ? Aug 24, 2015 00:23 |
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Vladimir Putin posted:I don't know why they are risking it at all. Doesn't the government have tons of cash reserves? Also, the stability of the regime is heavily dependent on maintaining those reserves both to support the renminbi and stabilize the banking system. One issue that China has is the renminbi isn't a major reserve currency which is going to complicate massive foreign purchases of debt, and their population is can't support a giant domestic state debt burden like Japan and its postal banking system. They are just throwing the pension systems into the fire because believe they are comparatively expendable compared to the needs of the state itself (we will see about that).
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# ? Aug 24, 2015 00:35 |
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Vladimir Putin posted:I don't know why they are risking it at all. Doesn't the government have tons of cash reserves? Also I've noticed that it's the go-to argument for idiots when it's pointed out to them that China's economy is hosed/China isn't going to overtake the US. "But they have 3.7 trillion in reserves!" Which basically means that they can't actually be used without causing even more panic because everyone considers the reserves to be a lifeline that would only be used if things are actually hosed.
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# ? Aug 24, 2015 01:47 |
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First shcomp readings in 30 minutes.
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# ? Aug 24, 2015 01:49 |
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Cultural Imperial posted:First shcomp readings in 30 minutes.
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# ? Aug 24, 2015 02:02 |
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Guys, guys, no need to worry, they've got it covered: http://www.bbc.com/news/business-34013514 quote:But, when in doubt, reach for the hard facts and take a deep breath - and here's what Julian Evans-Pritchard, China Economist at Capital Economics, says: Increasing credit and local government spending to get out of the problem: that seems like a novel and sustainable solution to me.
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# ? Aug 24, 2015 02:02 |
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Daduzi posted:Guys, guys, no need to worry, they've got it covered: Is it just me or does it seem like the BBC always has overly upbeat news on China?
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# ? Aug 24, 2015 02:07 |
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Invisible Handjob posted:Is it just me or does it seem like the BBC always has overly upbeat news on China? The British establishment in general has been sucking China's dick for like the past 5 years and it's very fascinating.
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# ? Aug 24, 2015 02:22 |
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Why though?
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# ? Aug 24, 2015 02:30 |
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drilldo squirt posted:Why though? I have no idea, just theories. People say that it's because of guilt over the Opium wars or whatever but I think that it's because a bunch of policymakers came to sincerely believe the "China's gonna rise and be a superpower and rule the world" narrative and the British are just hedging their bets which is very much in their historical character. It's not like they have anything to lose. If China does rule the world then they're first in line to do the 21st century kow-tow and if (when) they don't well back to the Yanks then.
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# ? Aug 24, 2015 02:33 |
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SHCOMP shat itself again, down 4%
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# ? Aug 24, 2015 02:34 |
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Jumpingmanjim posted:SHCOMP shat itself again, down 4% Dehumanize yourself and face the bloodshed.
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# ? Aug 24, 2015 02:35 |
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I am trying to find the right Wile E Coyote gif to express what is going on with the SHCOMP today.
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# ? Aug 24, 2015 02:44 |
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Fojar38 posted:The British establishment in general has been sucking China's dick for like the past 5 years and it's very fascinating. In the case of the BBC, it's more that they've become very conservative (with a small c) over the past decade due to a number of scandals, and so their reporting tends to err on the side of caution and predicting the status quo will continue.
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# ? Aug 24, 2015 02:55 |
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Fojar38 posted:Dehumanize yourself and face the bloodshed. You hosed up.
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# ? Aug 24, 2015 03:03 |
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Jumpingmanjim posted:SHCOMP shat itself again, down 4% Goodbye pensions I guess.
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# ? Aug 24, 2015 03:04 |
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# ? Jun 8, 2024 06:04 |
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Vladimir Putin posted:Goodbye pensions I guess. This is 11th dimensional chess from the CPC. They are just waiting for a good bottom to buy in on, then it is easy street for all the elderly in China.
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# ? Aug 24, 2015 03:06 |