Births in China Fall to Lowest Level in Nearly Six Decades

[FedererExpress]

40 year old one child policy seems to have created a long term social demographic imbalance in China. Remains to be seen if the party can correct its past mistake or maybe it's too late

Only way the Party can correct anything in China is to remove itself from power and allow Chinese people to freely choose the direction of their country.

 

[Viva_Viet]

It's 100% FREE for POOR people. The government foots the bill.
If you have income but no insurance you have to pay.

That's why Humira is so expensive. The government or insurance companies are paying that $1362 for 95% of people. However if you don't have insurance THEN you'll know the true cost.

If you ask most people how much a doctor or dentist visit costs they'll have absolutely no idea since they are not paying the bill (directly).

Really ? Do u nid to keep lying to make US look good ?? The only American got free healthcare is dead American.pls ask Amrcan who have to buy medicine in Cadnada

--+++
Jane is a Type I diabetic, which means she requires insulin to keep living. The problem is a 10 mL bottle of insulin in the U.S. has a list price of about $450. Jane estimates it would cost her $3,000 a month to stay alive without insurance.

“So here is this medicine — it is life-saving, keeps me alive — and here we have a few companies who are preying upon people who don’t have a choice but to take this medication or we die,” she said. “So, how do we get it? How do we afford it? Where do we get it? Where are we being forced to go? The U.S. is the only country that gouges [patients]. It’s insane.”
https://www.google.com.vn/amp/s/www.drugwatch.com/featured/us-drug-prices-higher-vs-world/amp/

 

[Hamartia Antidote]

Really ? Do u nid to keep lying to make US look good ?? The only American got free healthcare is dead American.pls ask Amrcan who have to buy medicine in Cadnada

--+++
Jane is a Type I diabetic, which means she requires insulin to keep living. The problem is a 10 mL bottle of insulin in the U.S. has a list price of about $450. Jane estimates it would cost her $3,000 a month to stay alive without insurance.

“So here is this medicine — it is life-saving, keeps me alive — and here we have a few companies who are preying upon people who don’t have a choice but to take this medication or we die,” she said. “So, how do we get it? How do we afford it? Where do we get it? Where are we being forced to go? The U.S. is the only country that gouges [patients]. It’s insane.”
https://www.google.com.vn/amp/s/www.drugwatch.com/featured/us-drug-prices-higher-vs-world/amp/

46 states in the US REQUIRE insurance companies to cover insulin costs..this person must be in one of the 4 cheapskate dont-tax-me republican states that don't.

https://www.ncsl.org/research/health/diabetes-health-coverage-state-laws-and-programs.aspx

As of mid-2016, 46 states and the District of Columbia have some law that requires health insurance policy coverage for diabetes treatment. Laws in Mississippi and Missouri require only that insurers offer coverage, but not necessarily include the coverage in all active policies.

 

[Viva_Viet]

46 states in the US REQUIRE insurance companies to cover insulin costs..this person must be in one of the 4 cheapskate dont-tax-me republican states that don't.

https://www.ncsl.org/research/health/diabetes-health-coverage-state-laws-and-programs.aspx

As of mid-2016, 46 states and the District of Columbia have some law that requires health insurance policy coverage for diabetes treatment. Laws in Mississippi and Missouri require only that insurers offer coverage, but not necessarily include the coverage in all active policies.

And they r still American, and they r dying due to very high med price

 

[ziaulislam]

46 states in the US REQUIRE insurance companies to cover insulin costs..this person must be in one of the 4 cheapskate dont-tax-me republican states that don't.

https://www.ncsl.org/research/health/diabetes-health-coverage-state-laws-and-programs.aspx

As of mid-2016, 46 states and the District of Columbia have some law that requires health insurance policy coverage for diabetes treatment. Laws in Mississippi and Missouri require only that insurers offer coverage, but not necessarily include the coverage in all active policies.

and what about the co pay?
Do you think every one can pay those copays
And what about uninsured people?
What about bankrupt people ?
patients simply horde insulin and end up with DKA..

46 states in the US REQUIRE insurance companies to cover insulin costs..this person must be in one of the 4 cheapskate dont-tax-me republican states that don't.

https://www.ncsl.org/research/health/diabetes-health-coverage-state-laws-and-programs.aspx

As of mid-2016, 46 states and the District of Columbia have some law that requires health insurance policy coverage for diabetes treatment. Laws in Mississippi and Missouri require only that insurers offer coverage, but not necessarily include the coverage in all active policies.

And they still pay upto 15-50% federal taxes

And they r still American, and they r dying due to very high med price

If the Chinese government can strongly subsidize parents to have more babies, the number of new borns will skyrocket, many parents complain that it's too expensive to raise children now.

Single biggest threat to world economy is population collaspe, these are words of your own ali baba chief and its going to come & bite china very hard very soon

 

[Hamartia Antidote]

and what about the co pay?
Do you think every one can pay those copays
And what about uninsured people?
What about bankrupt people ?
patients simply horde insulin and end up with DKA..
And they still pay upto 15-50% federal taxes

What's all this whataboutism?

My original post was about poor people getting free medical coverage.

Now you are asking about people who aren't necessarily poor (ie no assets). I never said Socialism applied to them.

 

[ziaulislam]

What's all this whataboutism?

My original post was about poor people getting free medical coverage.

Now you are asking about people who aren't necessarily poor (ie no assets). I never said Socialism applied to them.

My post was that ppor people ARENOT getting any coverage
And middle class is being squeezed too.

You can ignore my comments if it offends you

 

[Hamartia Antidote]

My post was that ppor people ARENOT getting any coverage
And middle class is being squeezed too.

You can ignore my comments if it offends you

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

Medicaid is the largest source of funding for medical and health-related services for people with low income in the United States, providing free health insurance to 74 million low-income and disabled people

https://www.healthcare.gov/blog/who-qualifies-for-medicaid/

 

[ziaulislam]

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

Medicaid is the largest source of funding for medical and health-related services for people with low income in the United States, providing free health insurance to 74 million low-income and disabled people

https://www.healthcare.gov/blog/who-qualifies-for-medicaid/

Do you work in insurance or health care if not than ..
For example ever heard of part d
Every heard of "donut"..

 

[Hamartia Antidote]

Do you work in insurance or health care if not than ..
For example ever heard of part d
Every heard of "donut"..

Isn't it $5000 or something? Yes a lot for a poor person but it isn't a $100,000+ nightmare scenario.

 

[Viva_Viet]

So many job lost in CN, life is terrible specially when deadly corrvirus keep spreading .Chaos is coming so close

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Job jitters mount as China's factories sputter ahead of Lunar New Year
Stella Qiu and Anne Marie Roantree

Men are seen at a booth set up by local authority to educate workers on Chinese labour law, near a Maersk container factory in Dongguan, Guangdong province, China January 7, 2019.
REUTERS/STELLA QIU

Workers queue to collect their employee contract termination letters at a Maersk container factory in Dongguan, Guangdong province, China January 7, 2019.
REUTERS/STELLA QIU


DONGGUAN/HONG KONG (Reuters) - Wang Zhishen was thrilled when Danish shipper A.P. Moller-Maersk (MAERSKb.CO) gave him two months' paid leave, relishing the chance to spend time with his wife and daughters in China's remote northwestern Gansu province.

But his euphoria over what he thought was an unexpected bonus quickly turned to despair when Maersk fired Wang on January 3, less than a month after he packed his bags in the southern Chinese manufacturing center of Dongguan.

Wang said he was one of 2,000 workers laid off at the company's Dongguan transport container factory which has been idle since early December, as the impact of a trade war between Washington and Beijing ripples through industries from logistics to autos and technology.


"I was sure it was a holiday," said Wang, 35, who said he worked as a painter at Maersk for nearly six years until he was sacked two weeks ago via China's WeChat messaging service.

Maersk, the world's biggest container shipper, confirmed in an email to Reuters it had laid off 2,000 workers through "one-on-one" phone calls and WeChat messages.

In November, the company warned the trade war between China and the United States would hit demand for container shipping as the volume of goods shipped slides.

Two subsidiaries of China's COSCO Shipping, in a direct response to the trade war, have reduced the number of vessels in Guangdong, causing a plunge in regional shipping freight turnover, according to Guangdong's statistics bureau.

"I heard most container factories started letting people go on leave early this year, so I felt it was normal for us to have a few more days off as well," said Wang, who earned a base salary of 3,900 yuan ($574) per month.

Around the Lunar New Year holiday, this year scheduled for early February, millions of Chinese, including tens of thousands of migrant workers, travel back home for family reunions in what is the world's largest annual human migration.

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While many factories traditionally close ahead of China's most important holiday, Reuters interviews with more than a dozen workers, business owners, labor activists and trade lawyers revealed businesses are shutting earlier than usual this year as the prolonged trade war curtails orders.

A recent Reuters visit to three once-thriving towns in Dongguan in Guangdong province showed clear signs of a slowdown. Scores of shops and restaurants were shuttered, some factories idled and many up for rent.

Danny Lau, a Hong Kong factory owner in Dongguan, said some businesses had closed around 40 days ahead of Lunar New Year.

"Dongguan used to be bursting with factory workers but now with factories gone, people are gone as well," one taxi driver told Reuters.

"This complex used to be full of workers, eating and chatting when they got off work. Now look at this," he said, pointing to empty dark alleys in an open air dining place one recent weekday evening.



EXPORTS FALL

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The slowdown comes as data on Monday showed China's exports unexpectedly fell the most in two years in December and imports also contracted, pointing to further weakness in the world's second-largest economy in 2019.

Policy sources told Reuters last week China plans to set a lower economic growth target of 6-6.5 percent this year compared with last year's target of "around" 6.5 percent.

A recent UBS China survey of 200 manufacturing companies with significant export business or supply to exporters revealed the trade war has had a negative impact on 63 percent of those businesses.

A quarter of those affected have cut jobs, 37 percent have moved production out of China in the past 12 months, while 33 percent plan to move in the next 6-12 months.

China's giant manufacturing sector was already under pressure from rising labor costs, tighter regulations and a shift towards higher-end production and domestic consumption. But the risk of more and higher U.S. tariffs on Chinese goods has seen the trend rapidly accelerate as more companies look to move supply chains away from China.

U.S. President Donald Trump has vowed to increase tariffs on $200 billion worth of Chinese imports on March 2 if Beijing fails to take steps to protect U.S. intellectual property and allow more market access for U.S. businesses, among other steps.

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The two sides held face-to-face talks last week, with Trump hailing "tremendous success" and Chinese officials noting "progress", but few details have been made public.



SLOWDOWN BUILDING

Guangdong, home to more than 100 million people, is China's biggest provincial economy, with its $1.3 trillion GDP comparable to that of Australia or Spain. A slowdown in Guangdong bodes ill for other export-oriented provinces along the Chinese coast, and would also drag on national growth should the trade war persist.

"As a major export province, Guangdong's economy has been greatly affected by the trade war," said Shenzhen-based independent economist Song Qinghui. "Many enterprises have suffered from bleak business, orders have fallen sharply, and the number of factories deciding to shut down their business is not in minority."

Determining the scale of the slowdown through data is difficult, however, given Guangdong province recently stopped publishing a monthly economic indicator that gauges manufacturing growth momentum.

Other data shows Guangdong's manufacturing workforce dropped more than 6 percent in the third quarter of last year to 12.71 million from a year earlier.

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In a further bearish sign, the value of export orders to the United States signed in November at China's largest trade fair in Guangdong dropped 30.3 percent on the year.

"If you are servicing a U.S. brand, U.S. market, then of course the company will be in very deep trouble," said Sunny Tan, deputy chairman of the Federation of Hong Kong Industries, which represents more than 30,000 Hong Kong-owned factories in China's Pearl River Delta.

While some may not be hurting badly financially right now, "they know it's going south," he added.



RUNAWAY BOSSES

As orders trickle in and some production lines grind to a halt, many businesses have cut hours and done away with overtime.

"Without overtime, we don't have much salary left if you deduct social security and food. All we care about is the tangible money that we can see," said Ye Minghua, 25, a worker at Kam Pin Industrial Ltd, which has a metal-coating factory in Dongguan.

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Around a fifth of the factory's 200 employees have already left for the holidays, while some production lines have been suspended, said King Lau, assistant to the managing director at Kam Pin.

New orders were expected to fall by 30 percent if tariffs are increased to 25 percent in March, he added.

More factories are likely to shutter their gates for good over the next few weeks, with industry watchers forecasting some owners, unable to bear the hefty cost of bankruptcy, will simply disappear.

"It's tough to close down a manufacturing factory in China these days ... it's easier to bail," said trade lawyer Sally Peng of Sandler, Travis & Rosenberg. "After Chinese New Year, when all the workers go, they may not come back."



https://www.google.com.vn/amp/s/mobile.reuters.com/article/amp/idUSKCN1PB2WO

 

[PeacefulWar]

LOL! Not in the US. You have that backwards. Socialism attempts that goal while for capitalist countries liberalism towards wealth actually implements it.



In the US if you are poor and old you get:
Free housing (included is free water, free heat, free electricity, free cable tv, one free meal a day)
About $500 a month in cash
$50 Free vouchers for the local farmer's market a month
Free healthcare at the best hospitals + dental + prescription drugs

plus lots more

Explain why there are so many beggers in SF streets first LOL

 

[ILC]

I think you don't know much about manufacturing. Electronics manufacturing has been nearly completely automated long, long ago. The thing is that it is only "near completely," but not completely. Automating just any manufacturing process to 95% is easy, but getting those last few percents is very hard, and very expensive.

For that, it's still cheaper to hire line workers. Professionally trained, experienced line workers can easily get 12000-15000 CNY a month here in Guangdong. Manufacturing with human labour works, and is long term sustainable for most consumer products... if you can get that human labour.

Now you can see even those 12000 CNY positions not being filled for weeks to months. A "yesterday farmer" demographic is still plentifully available for hire, but they can't compete with trained cadres on cost/performance.

Do you have any job offer with that kind of money? I have an argument at Polish forum with one guy claiming that Chinese factory workers are earning 2000 RMB a month...

I have pics that dishwasher are earning 4000 RMB in Guangzhou.

 

[FairAndUnbiased]

Explain why there are so many beggers in SF streets first LOL

Americans aren't #1 at physical gymnastics but they are gold medal at mental gymnastics.

 

[andylrd]

Do you have any job offer with that kind of money? I have an argument at Polish forum with one guy claiming that Chinese factory workers are earning 2000 RMB a month...

I have pics that dishwasher are earning 4000 RMB in Guangzhou.

In GuangDong province, a worker normally earns about 4000-5000 RMB averagely a month, which is about 550-700 USD. Also depends on which city you are in. For example, a worker earns 6000-8000 in Shenzhen, 6000-7000 in Guangzhou, 5000-6000 in Dongguan, and less in some other cities more far away from Bay area.

People are unwilling to have more kids is mainly due to the huge living cost in bringing them up, especially in housing and schooling. In Dongguan city as an example, house prices 20,000 RMB per square meter, which means for ordinary workers, you need to work for 30 years to buy a 100m2 house, even you manage to save every penny you earn. To put a kid in school (privite), that costs another 30,000-40,000 RMB per year.

Every month, I personally have to pay approx. 19,000 RMB in house loans, and about 10,000 RMB on kids.
That is about 50,000 USD per year. I can't say it is not a presure.

People who want many kids, are those really can afford and live a much better-off life, and those who are poor but living in rural where living cost is lower and have relatives to help watching kids. ~--~..