Thread: The View, from China

^ That’s a great improvement, unfortunately, Beijing is still three times more polluted than the most polluted city in the United States, Los Angeles.

Love how you leave off pertinent info.

Originally Posted by misskit

^ That’s a great improvement, unfortunately, Beijing is still three times more polluted than the most polluted city in the United States, Los Angeles.

Love how you leave off pertinent info.

Wanketeer S.O.P.

Originally Posted by misskit

^ That’s a great improvement, unfortunately, Beijing is still three times more polluted than the most polluted city in the United States, Los Angeles.

Love how you leave off pertinent info.

Indeed so.

In fact, the report (not study) made the comparative claim about particulate air pollution, not the more general air pollution.

"Since 2013, particulate pollution in China has declined by 39.6 percent, adding about 2 years onto average life expectancy, assuming these reductions are sustained. To place China’s impact into context, the reductions in pollution account for all of the global average decline since 2013. It took several decades and recessions for the United States and Europe to achieve the same pollution reductions that China was able to accomplish in 7 years, even as it continued to grow its economy."
page 4

However, 37.9 percent of the population still lives in areas where the pollution levels don’t comply with the country's own national standard and 99.9 percent of the population lives in areas that exceed the WHO guideline. The country level particulate pollution exposure is 6 times greater than the WHO guideline. Using an international lens, Beijing is still 3 times more polluted than Los Angeles, the most polluted city in the United States. page 19

https://aqli.epic.uchicago.edu/wp-content/uploads/2022/06/AQLI_2022_Report-Global.pdf

97% of the world's population live in areas that exceed the WHO guideline. A 40% reduction in air pollution is indeed something to celebrate ��, although in this case I would break out Spumante rather than champers, because it is an ongoing process.

Originally Posted by sabang

97% of the world's population live in areas that exceed the WHO guideline. A 40% reduction in air pollution is indeed something to celebrate ��, although in this case I would break out Spumante rather than champers, because it is an ongoing process.

Of course, being the snivelling chinky sycophant, you neglect to mention that the chinkies are simply exporting their pollution to third world victims of "Belt and Owed" in the form of coal and debt-laden coal-fired power stations.

97% of Chinese will get lung cancer from polluted air. That is 89.9% of the world's population.

Are you being deliberately idiotic?

Originally Posted by panama hat

97% of Chinese will get lung cancer from polluted air. That is 89.9% of the world's population.
Chinese are 173% higher risk of cardio-pulmonary diseases due to air and water pollution.

Leave them alone. If they want smog, let them have it.

A study published earlier this year by the British Medical Journal said China could prevent three million premature deaths a year if it raised air quality to meet WHO guidelines.

Looks like the chinkies are lying again. SOP.

How bad are China'''s economic woes? - BBC News

Don't forget how caring and thoughtful they are towards workers.

China's wealth inequality has worsened in pandemic, highlighting 'alarming' global trend, Oxfam finds

China’s wealth gap has widened particularly due to the ownership of flats, which is the biggest source of household wealth and debt, economist says.


The world’s income and wealth inequality is said to have reached an “alarming” level two years into a global pandemic that has killed at least 5.5 million people.


The disparity has proved particularly challenging for Asian countries, forcing Beijing, Tokyo, Bangkok and others to provide more policy support, according to analysts.


The wealth of the world’s 10 richest men has doubled to about US$1.5 trillion since the coronavirus pandemic began, but the incomes of 99 per cent of humanity are worse off, Oxfam said in its “Inequality Kills” report on Monday.


“This is the biggest surge in billionaire wealth since records began. The trend is alarming,” warned the organisation that is dedicated to alleviating global poverty. It also called for permanent wealth and capital taxes, as well as increased investment in health care and social security.


“It is significant that the leaders of the world’s two largest economies – the USA and China – are pursuing some crucial policies that reduce inequality, including higher taxes on rich people and action against monopolies,” it said. “This is just a beginning, but it provides opportunities for a new economic consensus to emerge.”


China’s income and wealth inequality is worse than that of European countries, but it is better than in the US and many Latin American and African countries, data from international studies has shown.


Premier Li Keqiang’s comments in May 2020 – that 600 million Chinese, or 42.9 per cent of its total population, live on an average monthly income of 1,000 yuan – helped draw attention to the country’s inequality problem.


David Malpass, president of the World Bank Group, warned of how the coronavirus crisis has worsened the rich-poor gap, and particularly the within-country inequality of emerging markets and developing economies.


“This increasing divergence of fortunes is especially troubling, given the possibility of social discontent in developing countries,” Malpass wrote in the foreword of January’s edition of Global Economic Prospects.


China’s National Bureau of Statistics (NBS) said its income-based Gini index was 0.465 in 2016 and was unchanged in the last release for 2019, which is higher than the international alert level of 0.4. A reading of 1.0 represents complete inequality, while 0.0 signifies absolute equality.


According to the annual report released by the World Inequality Lab last month, the bottom 50 per cent of Chinese adults earn about 25,520 yuan (US$4,000) a year, while the top 10 per cent of the population earns, on average, 14 times more at 370,210 yuan.


The gap is bigger than in most developed economies. In Japan, the top 10 per cent earn 13 times as much as the bottom 50 per cent; in Australia and Germany, it’s 10 times as much; and in France, it’s seven times greater.


However, China’s figure is smaller than that of the US, where the top 10 per cent earn 17 times as much as the bottom 50 per cent. The gap in some other countries is as follows: 19 times in Indonesia; 14 times in South Korea; 31 times in Mexico; 14 times in Russia; 23 times in Turkey; 22 times in “poor and very unequal” India; 29 times in Brazil; and 63 times in South Africa, one of the most unequal countries.


“Post-2005, [China’s] investments in health, education and infrastructure in rural areas helped keep inequality in check, but wealth inequality continued to increase at the very top of the social pyramid,” the World Inequality Lab report said.


The data showed that the top 10 per cent of China’s population owns almost 70 per cent of the total national wealth, higher than 64.6 per cent in India, 59.6 per cent in Germany, 59.5 per cent in France, 60.2 per cent in Indonesia, 56.2 per cent in Australia, 57.8 per cent in Japan and 58.5 per cent in South Korea.


However, it beats the US, where 10 per cent owns 71 per cent of wealth. That percentage increases to 74.1 per cent in Russia, 78.7 per cent in Mexico, and 79.8 per cent in Brazil.


Ren Zeping, an economist with Soo Chow Securities, said there were four groups of countries, in terms of inequality: fairly equal nations, such as Japan; developed countries with great wealth disparity, such as the United States; those falling in an inequality trap, such as India; and developing countries with more controllable inequality.


“China belongs in the fourth group, as its income gap is higher than the global average but its wealth disparity is relatively low,” Ren wrote in a column for web portal Sina.com in early January. “Its income inequality and rich-poor gap are being kept in a reasonable range and won’t curtail economic growth.”


The Chinese wealth gap has widened particularly due to the ownership of flats, which is the biggest source of household wealth and debt, according to Ren’s research.


The wide rich-poor gap helps explain Beijing’s push since last year for common prosperity – a strategy that has shifted the country’s policy direction.


China’s leadership has denied that the common-prosperity goal will equate to a Robin Hood-style “rob from the rich to give to the poor” plan, but it has also vowed to address income disparity through taxes, social security and direct government transfers, with the goal of creating an olive-shaped distribution structure in which middle-income groups account for most wealth.


While vowing to eliminate “unreasonable incomes” and illegal revenue, Chinese authorities are also encouraging wealthy individuals and companies to give back more to society.
Additionally, more Chinese cities will pilot a property tax plan from this year, though the tax rate and scope of levy remain unclear.


Government data released this month shows that progress has been made in narrowing the rich-poor and regional gap, as per capita disposable income rose 8.1 per cent to 35,128 yuan last year, in line with the expansion of the gross domestic product.

China’s wealth inequality has worsened in pandemic, highlighting ‘alarming’ global trend, Oxfam finds | South China Morning Post

Originally Posted by OhOh

Great decision by her and for all of us all in Asia.

What, to keep the chinkies in the dark?

Originally Posted by OhOh

Nancy Pelosi confirms Asia trip but does not mention Taiwan

Reports that House speaker could visit Taiwan have riled China; analysts say she may yet do so in unofficial capacity
.

So?
It's a free world isn't it ?
Does anyone complain when Chinese officials visit abroad.

Originally Posted by harrybarracuda

Don't forget how caring and thoughtful they are towards workers.

That's a Taiwanese company. Flextronics.

Originally Posted by Cujo

That's a Taiwanese company. Flextronics.

Originally Posted by harrybarracuda

I stand corrected,
That's a Taiwanese company, Foxxconn.

Originally Posted by Cujo

I stand corrected,
That's a Taiwanese company, Foxxconn.

In a miserable chinky factory in Beijing.

China

One of the production floors in Foxconn factory at Shenzhen

Foxconn has 12 factories in nine Chinese cities—more than in any other country.^[38]

The largest Foxconn factory is located in Longhua Town, Shenzhen, where hundreds of thousands of workers (varying counts include 230,000,^[37] 300,000,^[39] and 450,000)^[40] are employed at the Longhua Science & Technology Park, a walled campus^[7] sometimes referred to as "Foxconn City".^[41]

Covering about 3 km² (1.2 sq mi),^[42] the park includes 15 factories,^[41] worker dormitories, 4 swimming pools,^[43] a fire brigade,^[7] its own television network (Foxconn TV),^[7] and a city centre with a grocery store, bank, restaurants, book store and hospital.^[7] While some workers live in surrounding towns and villages, others live and work inside the complex;^[44] a quarter of the employees live in the dormitories.

https://en.wikipedia.org/wiki/Foxconn

Originally Posted by sabang

China

One of the production floors in Foxconn factory at Shenzhen

Foxconn has 12 factories in nine Chinese cities—more than in any other country.^[38]

The largest Foxconn factory is located in Longhua Town, Shenzhen, where hundreds of thousands of workers (varying counts include 230,000,^[37] 300,000,^[39] and 450,000)^[40] are employed at the Longhua Science & Technology Park, a walled campus^[7] sometimes referred to as "Foxconn City".^[41]

Covering about 3 km² (1.2 sq mi),^[42] the park includes 15 factories,^[41] worker dormitories, 4 swimming pools,^[43] a fire brigade,^[7] its own television network (Foxconn TV),^[7] and a city centre with a grocery store, bank, restaurants, book store and hospital.^[7] While some workers live in surrounding towns and villages, others live and work inside the complex;^[44] a quarter of the employees live in the dormitories.

https://en.wikipedia.org/wiki/Foxconn

Mind numbingly boring work.
But aren't all production line jobs the same wherever they are?
At least they're offering jobs.
Beats working in a 'hairdressers'
or sitting around the village playing majong all fucking day.

Originally Posted by Cujo

But aren't all production line jobs the same wherever they are?

Ah yes, I remember those suicide nets at Cowley and Longbridge.

China should continue to open up to the world despite US containment attempt: Jim Rogers


As the COVID-19 pandemic, geopolitical conflicts and the macroeconomic policies of developed countries such as the US lead to negative impacts on the global economy, a global crisis is imminent, threatening the economies of all countries around the world. In a recent interview with the Global Times (GT), Jim Rogers, an international investor and the author of A Bull in China: Investing Profitably in the World's Greatest Market, shared his views about both the Chinese and global economy.

GT: In your opinion, what has been the biggest change in China over the past decade? To you, in what ways has the change been seen?

Jim Rogers: China was less developed when I first went to there in 1980s, but now it has the best airports, best highways, best everything. In the past 40 years, especially the past 10 years, China has done an enormous unbelievable job of developing, whether we're talking about the computers, the internet, highways, airports, hotels, everything. This means somebody has done something right. Beijing has been making the right decisions, opening the economy, opening the country. History is very clear that if you are open and trade, you're going to be more successful than if you're closed and do not have interaction with others. China has done a great job.

As for myself, the last 10 years, I moved to Asia because of China. I wanted my children to know Asia and to speak perfect Putonghua. It has been my biggest investment in the last 10 years. I invested in my children and trying to prepare them for the 21st century, which will be the century of China.

GT: In the past 10 years, which sectors of China's economy have you focused on and bought shares? As a foreign investor, how do you evaluate the opening process and internationalization of China's capital market over the past decade?

Jim Rogers: In the past few years we've had the COVID-19 epidemic, the virus that's caused many shares to go down a lot. I do remember a Chinese word weiji which means disaster and opportunity the same thing. I've invested in transportation, tourism, agriculture, things that have been very badly hurt by the virus. I think these areas will improve in post-COVID recovery. Agriculture has been hurt badly for a long time in many places across the world. Beijing is trying to help agriculture. So agriculture is quickly exciting, especially in China. Metal looks good because we're going to have electric cars, which use much more copper, lead and lithium. If China continues to open up, transportation, energy, tourism, cultural and entertainment industries will all be well developed.

In the past 10 years, China's stock market has seen tremendous progress and become much more open. More and more foreigners know they can buy and sell Chinese stocks. I hope China will continue to open up its financial markets. China is now a rich, successful and powerful country. I hope there should be more IPOs in China and Chinese stocks, bonds and yuan can be easily bought anywhere in the world.

GT: Some said that China will lead to a hard landing, what do you think of this view?

Jim Rogers: I know there are people who say that about China for a long time. In my view, that is inaccurate. It's people who don't understand China or maybe if they do understand China they're just trying to make themselves more important.

Yes, China will have problems while moving forward, but everybody has problems as they rise. America became the most successful country in the 20th century, but along the way we had many depressions, we had bankruptcy.

Jim Rogers Photo: Courtesy of Jim Rogers

GT: In your opinion, what impact has the US' trade war, smearing campaign against China's Xinjiang region and other repressive measures had on China? Will more Western countries join in the suppression against China?

Jim Rogers: Throughout history when people have problems, they blame someone else, they always blame foreigners. Politicians know that they can blame foreigners. But it's not good. I have to repeat many times. We should be working together.

Because America is going to have economic problems in the next 2 or 3 years, they're going to blame that on other countries, especially China. It's not good for America, it's not good for the world, but that's what people do when they have bad times. Former US President Donald Trump tried to blame his problems on China. He tried to blame everybody, Germany, Canada, everybody, but especially China.

The US imposed additional tariffs against China trying to restrain Chinese trade with the US. In my view, it's always a mistake. I have never ever seen tariffs work for in the long term. They've always caused more harm than good. I wish that the US would not impose tariffs on anyone including China.

I know what the Americans say about China's Xinjiang region. I haven't been there a long time, but when I was there, I thought I didn't see any problems. Now China has invited people to comment, inspect and so far nobody independent has been able to demonstrate that China's doing bad things out there.

I suspect the US would try to do more to contain China. There is of what in history often when you have a dominant power and a rising power, they have often had war, not always, they don't have to. In the past 40 years the US and China have both made a lot of money together. We've traded a lot and we've had great success. China and the US should continue to work together and make a lot of prosperity together.

Many Western countries will not follow the US to suppress China. Some countries under US controls will certainly do what the US says, but most countries now around the world are trying to be friendly with China. Most countries do not want to get into a dispute with China and have problems with China, and some will do what the US says, but not like 20 years ago when most countries would have done what the US said. Now there are many countries that want to be friends with China which is good news for the world.

GT: Where does the resilience of China's economy and society come from?

Jim Rogers: Anybody, any economists, whether they're 200 years ago or 200 days ago, will tell you that you need high savings and high investment to have a successful economy and a successful country. The Chinese have a much higher savings rate than that America does. Chinese also have a great education system, that's one of the reasons I moved into Asia so that my children would experience the Asian education. So you combine education, a strong work ethic, a high savings rate, high discipline, everything that makes a great country. America had that 100 years ago, China has it now. China has been the most successful country in the world in the past 40 years. That's a simple situation one can measure. That's not an opinion; that is a fact.

The world is going to have serious problems mainly because there's so much debt. The US is now the largest debtor nation in the history of the world and it's getting worse every day. China should do what it was doing 5 years ago, 10 years ago and continue to open up. If the US does foolish things, the best thing for China to do is not retaliate. China should continue to open up to the world.

https://www.globaltimes.cn/page/202207/1271845.shtml

So in your opinion, the Chinese government is not beating us hands down, in terms of delivering the benefits and profits of society to the average citizen PH?