China Economy Forum

[hexagonsnow]

World urged to be 'China-ready' for travelers - Lifestyle - Chinadaily.com.cn
Chinese is fond of travelling if they have spare time.In the china national day,provide such a chance.(The trypophobia should keep the eyes out the following pics)

 

[TaiShang]

HSR, the optimal transport method for the emerging Chinese middle class.
It is efficient, energy-saving, cheaper than flight, and above all, super fast and super comfortable.
The increasing popularity of bullet train trips has proved the rapidly growing purchase capacity of urban middle class, the new urban inhabitants from the countryside and wealthier Chinese living in the countryside.

Yesterday's Changsha South Railway Station, Central China
View attachment 262376

View attachment 262375

View attachment 262377

The HSR will indeed facilitate China's internal growth in a more equitable way by, among others, encouraging domestic tourism and services.

 

[AndrewJin]

World urged to be 'China-ready' for travelers - Lifestyle - Chinadaily.com.cn
Chinese is fond of travelling if they have spare time.In the china national day,provide such a chance.(The trypophobia should keep the eyes out the following pics)View attachment 262368 View attachment 262369 View attachment 262370 View attachment 262371 View attachment 262372 View attachment 262373 View attachment 262374

Tourism industry is dramatically growing.
The question now is not we don't spend money, but we don't have time to spend money.
More public holidays and more paid vacations!

I think, what if every province chooses a different week of October-November for an equivalent of National Day holiday? The current situation is more people are scared to travel during this 7-day National Day golden week.
I tried very hard to buy a slow train ticket to Changsha, all HSR tickets were sold out!

The third day of the 7-day National Day holiday in Shaoshan
I had waited for 2.5 hours in a crazy queue outside Chairman's former residence!!!

July
One of the 5 waiting rooms of Kunming Railway Station, Western China
Mostly tourists

July
Huangguoshu Waterfall
Guizhou Province, Western China

July
Ancient town of Lijiang, Western China

The current holiday policies are extremely outdated, limiting people's consumption and lowering productivity.
@TaiShang @Shotgunner51 @cirr

What about India, Heard about that more than 80% PP in India = Middle class!

The definitely of middle class is apparently different.
One irresponsible definition of middle class is 80% of population are middle class, 10% lower class, 10% upper class. Then, any country has 80% people as middle class. That's how that kind of bragging comes from.

 

[powastick]

For SEA and India to close the income inequality, you'll need more than job. Nothing beats education, the best equalizer. Not some dumb quota.

 

[Edison Chen]

Alipay, the payment arm of Chinese e-commerce giant under its subsidiary Ant Financial, has expanded its services to Japan and Singapore to allow Chinese tourists to pay with their Alipay accounts, reports our Chinese-language sister paper Commercial Times.

Ant Financial and Japanese advertising and HR company Recruit Co jointly announced that 176,000 stores in Japan would accept Alipay as a payment method. Chinese tourists visiting the country can pay for items from their Alipay accounts by scanning in-store QR codes with their smartphones.

Consumer electronics retailer Big Camera, department store chain Parco, duty-free stores and shopping malls will be the first to offer Alipay as a payment method. The service will eventually be adopted by all of Recruit's outlets across Japan including restaurants, hair salons and clothes shops.

Alipay is breaking into the Korean market - Ecommerce China

 

[StarCraft_ZT]

China Box Office: 'Lost in Hong Kong' Surges Past $200 Million - Hollywood Reporter

@Peter C

 

[AndrewJin]

For SEA and India to close the income inequality, you'll need more than job. Nothing beats education, the best equalizer. Not some dumb quota.

I don't think quota is the reason, at most a lame excuse.
China has quotas too.
@Bussard Ramjet

 

[AndrewJin]

Using Alipay is super convenient!
Just open the QR code in your APP and let them scan.

 

[powastick]

I don't think quota is the reason, at most a lame excuse.
China has quotas too.
@Bussard Ramjet

China is exceptional. They are able to produce many talented workforce. Is a nightmare for HR department to do interviews, as you get bombarded by hundreds of application.

 

[AndrewJin]

China is exceptional. They are able to produce many talented workforce. Is a nightmare for HR department to do interviews, as you get bombarded by hundreds of application.

Even the system is abysmal, as long as you have talents, they won't be defeated by quotas.
In Malaysia, Chinese have no quotas but are economically successful.
If people are really diligent and smart, those with quotas can make achievements too, not necessarily useless.

 

[hexagonsnow]

Tourism industry is dramatically growing.
The question now is not we don't spend money, but we don't have time to spend money.
More public holidays and more paid vacations!

I think, what if every province chooses a different week of October-November for an equivalent of National Day holiday? The current situation is more people are scared to travel during this 7-day National Day golden week.
I tried very hard to buy a slow train ticket to Changsha, all HSR tickets were sold out!

The third day of the 7-day National Day holiday in Shaoshan
I had waited for 2.5 hours in a crazy queue outside Chairman's former residence!!!
View attachment 262388
View attachment 262390
View attachment 262391


July
One of the 5 waiting rooms of Kunming Railway Station, Western China
Mostly tourists
View attachment 262393

July
Huangguoshu Waterfall
Guizhou Province, Western China
View attachment 262392

July
Ancient town of Lijiang, Western China
View attachment 262397

The current holiday policies are extremely outdated, limiting people's consumption and lowering productivity.
@TaiShang @Shotgunner51 @cirr


The definitely of middle class is apparently different.
One irresponsible definition of middle class is 80% of population are middle class, 10% lower class, 10% upper class. Then, any country has 80% people as middle class. That's how that kind of bragging comes from.

Good idea! Hope the gov can accept your suggestion.

 

[CHN Bamboo]

There r still many poor people in China,but the population keeps declining,I am happy to know that many people get out from poverty.
@dy1022 Dont troll...

 

[Bussard Ramjet]

I don't think quota is the reason, at most a lame excuse.
China has quotas too.
@Bussard Ramjet

You know nothing about quota man!

You only have 9% of the population that is a minority, of which most are indistinguishable, and use the supposed quota only as a gain.

In India, quota places can be as much as 50% by law, which they often are.

There r still many poor people in China,but the population keeps declining,I am happy to know that many people get out from poverty.
@dy1022 Dont troll...

Yes, all people in rural areas should be shifted to urban areas, and Chinese agriculture industrialized.

The yields for most crops in China today is between half and a third that of developed world yields. Imagine if you could reach developed world standards, you would double to triple your agricultural output!

 

[Abotani]

Interesting data,while the article talks much about how increased wealth creation leads to more equitable distribution of the created wealth most articles on economics ignore the effect the attitude and values of a society play in creation of wealth itself and hence the distribution of wealth.Or that the equitable distribution maybe a result of the social values of a society.

I think this is one reason for success in Asia as compared to Eastern Europe,Latin America and South Asia.The middle and lower classes work with dedication as they almost have a social warranty that wealth will trickle down to them as well and not remain confined to the rich alone.Most interestingly,the wealth distribution is not due to a culture of spending( well not uptill now to a large extent) in East Asia unlike say western Europe and N.A.The newfound expendable income seems to be fostering an attitude of responsible spending on products that are beyond the basic needs.Hence,creating something of a virtuous circle.

 

[AndrewJin]

The yields for most crops in China today is between half and a third that of developed world yields.

Datas pls.

You know nothing about quota man!

You only have 9% of the population that is a minority, of which most are indistinguishable, and use the supposed quota only as a gain.

In India, quota places can be as much as 50% by law, which they often are.

The question is, if the general people with quotas are diligent and smart, they can still stand out.