VCheng
THINK TANK: CONSULTANT
Of course.
Chinese Economy: General News, Updates and Discussions
- Thread starter Beijingwalker
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Of course.
Davey Crockett
Elite Member
As China Stocks Crash, Beijing Proposes Multi-Trillion Market Rescue Package | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Which means China now has two options: pretend that the failed policies it has been doing (or pretending to do) so far has been successful, which it likely will until there is just too much blood on the streets, or it will finally capitulate and unleash the biggest fiscal stimulus ever seen in China: we are talking multiple trillions here, and in dollars not yuan, consequences be damned, because we are nearing the point of peak panic where Beijing will do anything at all to buy social order and stability for just a few more months. And once all those tens of trillions in Chinese deposits start fleeing, that's when the real meltup in non-fiat assets - read gold, silver, crypto, fine art, wines, etc - will truly start.
Beijingwalker
VIP Member
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- #138
China's economy is way more solid and substantial than US', which is a empty big bubble still building up.
Beijingwalker
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- #139
Last year China just became the biggest car exporter in the world, Huawei made a strong comeback, China's shipbuilding sector took over more than 60% of the total world market, each year, China makes rapid progress all across the world, what gets bigger in the west is only their big economic bubble which has no substance.
F-22Raptor
Elite Member
Han Patriot
Registered Member
Guys can we clean this thread, the cheerleaders are spamming again.
VCheng
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Please report any inappropriate or off topic posts. Thanks.
Beijingwalker
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- #143
Beijingwalker
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Decades on, devotion of Chinese experts still commemorated in Tanzania
Tucked in the lush greenery of the western suburbs of Tanzania's largest city Dar es Salaam, the Chinese Experts Cemetery houses the graves of 70 Chinese experts, technicians and workers, who lost their lives while assisting Tanzania in its national construction.
Forty-seven died while building the Tanzania-Zambia Railway. In the 1970s, some 50,000 Chinese joined the Tanzanian and Zambian people in its construction.
Facing challenges including food shortages, hot weather, diseases, and lack of medicines, the Chinese engineers and technicians worked side by side with their African brothers and sisters in the African continent.
Hailed as the Freedom Railway, the Tanzania-Zambia Railway was constructed as a turnkey project between 1970 and 1975 through an interest-free loan from China.
With commercial operations starting in July 1976, the railway covers 1,860 kilometers from Dar es Salaam in Tanzania to Kapiri Mposhi in Zambia.
"These graves always remind me of my friends who devoted their lives to us," 69-year-old Juma Khalfan Said told Xinhua.
"These graves are a memory that will last forever because these people were supposed to be buried in their country but they were rested here because they chose to help us in the construction," said Said, who worked at the railway for over 30 years.
The photo taken in 1976 shows children and teenagers on the bank of a lake in Zambia welcoming a train of the Tanzania-Zambia Railway to their hometown. [Photo/Xinhua]
In 1972, Said was selected to study in China and majored in railway management. He was assigned to work at the Dar es Salaam Station after completion of his study in Beijing in 1975.
Recalling the times of building the Tanzania-Zambia Railway, Said said working in the wilderness entails wild animals and accidents. "The danger is everywhere. When wading through the river, you may be attacked by crocodiles. And rocks fall during construction of tunnels," he added.
"Our Chinese friends never gave up. They told me they would finish the construction no matter what happened and they made it," Said told Xinhua.
Said has visited the cemetery every year since his retirement in 2007. "They were far away from their country and relatives, and were not able to be buried in their homeland. I feel I'm obliged to visit them," he said.
"In the 1970s, I worked at Dar es Salaam station with the Chinese experts rendering technical assistance and cooperation here and they were so meticulous when they taught me how to plan routing and scheduling," Said said, adding that the memory of those years still lingers on.
"What they taught me benefitted me for my whole working career," he said.
The Tanzania-Zambia railway not only greatly improved the transportation in the two countries, but also provided an affordable and reliable way of transportation for the public, he said.
Today, some old photos and objects left behind during the construction of the railway are still preserved in one of the bases of CCECC East Africa Limited.
Passengers leave the station one by one after the arrival of the train at the Dares Salaam station of the Tanzania-Zambia Railway on Feb 14, 2019. [Photo/Xinhua]
From a small injection needle to a large engineering machinery and equipment, it’s all been well preserved, telling the story of those heroic people and deeds and interpreting the great internationalist spirit of Chinese aid builders.
Wu Wei, an official of CCECC East Africa Limited, told the reporter that a lecture on the spirit of the Tanzania-Zambia Railway is now the first class for the company's new employees. He said he expects that these old objects will help young people better understand the struggle of the Chinese aid workers.
Beijingwalker
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Today is Chinese traditional Tomb Sweeping Day, people from both China and Tanzania go to the cemetery to pay respect
Beijingwalker
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FuturePAF
THINK TANK: CONSULTANT
If China wasn’t producing at low prices, what would happen to the standard of living of the developing countries? Or even Americans that shop can only afford to shop at places like Dollar General?
Janet Yellen told China to stop producing so much.
Janet Yellen told China to stop producing so much.
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Han Patriot
Registered Member
Chinese economy is not dependent on stock market paper pushing unlike the US. Stock price crash is actually ok unless it is too low. Remember, the most profitable companies are mostly owned by the government, money gets recycled back to the government. If you check historical data, stock prices for blue chip companies are mostly stable. speculative companies will undergo profit taking and etc. Most Chinese DO NOT play the stock market, they buy properties hence the property price hike. Chinese government is now trying to pop this bubble and persuade them to invest in consuming. Most Chinese don't live paycheck to paycheck, they have savings. I think US economy is in a worst shape than China, it is only supported by more money printing.
Joe Shearer
Professional
All well, nothing to see here, move on, please.
uhuru
Registered Member
Thank you.
Those chinese were our comrades. We honour them with deep respect. My late father worked side by side with them in designing the Tazara railways.
But the new chinese are NOT comrades. They are looting our country.
Those chinese were our comrades. We honour them with deep respect. My late father worked side by side with them in designing the Tazara railways.
But the new chinese are NOT comrades. They are looting our country.
