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#81 FCP Bob

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Posted 21 May 2013 - 12:03 PM

View PostBalloon guy, on 21 May 2013 - 10:28 AM, said:

Not sure I believe this



3% are financially vulnerable?

In what sense?

Bob, do you think this must be a cherry picked section of society Seems to me that having $200 a month pay for factory workers places them in more financial insecurity than the average frenchman who can't be fired by law.

And two stories down is this story.

That survey is pretty bad. Also China Daily is the official English language paper of the Chinese government so anything on there will be biased to show things in a favorable light.

That being said the average Chinese person even one who has a modest income has a high savings rate. Since there isn't a social safety net and pensions if you don't save for your retirement you are in a lot of trouble.

Pollution in China is massive and it isn't just pollution but you can't trust the food safety.

Here's the latest food scandal, cadmium in rice.


Hunan Rice Sales Plunge as China Probes Cadmium Contamination
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#82 FCP Bob

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Posted 21 May 2013 - 12:08 PM

View PostBalloon guy, on 21 May 2013 - 10:32 AM, said:

Bob, could you and your wife look at this and tell me what you think of it's value to learn Mandarin?

My wife is in China for a few weeks visiting her parents so I can't get her opinion but it seems pretty good after a quick look.
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#83 FCP Bob

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Posted 21 May 2013 - 02:25 PM

Half of The Rice in Guangzhou Is Polluted

China's latest food scandal comes from soil pollution -- and that's bad news.
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#84 FCP Bob

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Posted 21 May 2013 - 02:30 PM

ooops, posted the wrong thing here
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#85 FCP Bob

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Posted 21 May 2013 - 02:30 PM

oops also posted the wrong thing here
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#86 Balloon guy

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Posted 21 May 2013 - 03:34 PM

Is that in Yuan?
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#87 BigDMcGee

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Posted 21 May 2013 - 04:41 PM

It's the ole catch 22 of Communist Environmentalism. China is trying to gain power independence by converting to solar, wind and hydroelectric energy, all clean energy. But, inorder to use these technology on a massive level that they'll need, they need massive amounts of rare earth metals, so they have massive open pit mining operations without environmental controls, that are poisoning the earth. Shit is going to get real in china ( and russia too) in the next 100 years.
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#88 mrdannyg

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Posted 22 May 2013 - 07:17 AM

View PostBalloon guy, on 21 May 2013 - 10:28 AM, said:

Not sure I believe this



3% are financially vulnerable?

In what sense?

Bob, do you think this must be a cherry picked section of society Seems to me that having $200 a month pay for factory workers places them in more financial insecurity than the average frenchman who can't be fired by law.

And two stories down is this story.

76% said they had as much in savings as they receive in monthly salary (net of debt). How many people in other countries can say that? Low debt might not mean you're living in paradise, it just means your situation won't likely deteriorate significantly.
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#89 mrdannyg

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Posted 22 May 2013 - 07:17 AM

Fwiw, I barely read the article.
Long signatures are really annoying.

#90 Balloon guy

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Posted 22 May 2013 - 08:17 AM

View Postmrdannyg, on 22 May 2013 - 07:17 AM, said:



76% said they had as much in savings as they receive in monthly salary (net of debt). How many people in other countries can say that? Low debt might not mean you're living in paradise, it just means your situation won't likely deteriorate significantly.
Average factory worker makes $200 a month, would you like to reconsider your point?
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#91 mrdannyg

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Posted 23 May 2013 - 08:08 AM

View PostBalloon guy, on 22 May 2013 - 08:17 AM, said:

Average factory worker makes $200 a month, would you like to reconsider your point?

That's irrelevant to the point, so no, I won't.

It's just a study done, where the results make it obvious that the study was poorly constructed and provides no information. So they could either change their study or pretend it means something. They took the easier option.
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#92 FCP Bob

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Posted 09 June 2013 - 03:40 PM

ian bremmer ‏@ianbremmer 1h
Poverty Rate in China
1980 - 84%
2013 - 10%
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#93 colonel Feathers

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Posted 09 June 2013 - 05:15 PM

View PostFCP Bob, on 09 June 2013 - 03:40 PM, said:

ian bremmer ‏@ianbremmer 1h
Poverty Rate in China
1980 - 84%
2013 - 10%
I think a comparison in wat constitutes poverty in china vis a vis the US or even canada is wats needed here. In the US if your cable only gets 1 premium channel, and your cell phone is limited to a thousand monthly minutes, you are in poverty.
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#94 Balloon guy

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Posted 10 June 2013 - 09:16 AM

Poverty = People living on > $1.25 per day.


Just lower the bar, and the world becomes a socialist utopia!
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#95 FCP Bob

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Posted 16 June 2013 - 08:00 AM

China’s Great Uprooting: Moving 250 Million Into Cities

Articles in this series look at how China's government-driven effort to push the population to towns and cities is reshaping a nation that for millenniums has been defined by its rural life.
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#96 FCP Bob

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Posted 16 June 2013 - 03:41 PM


Fitch says China credit bubble unprecedented in modern world history




China's shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.

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#97 FCP Bob

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Posted 17 June 2013 - 02:48 PM


Watch: video of Guangzhou airport's 'most careless baggage handler'

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#98 FCP Bob

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Posted 19 June 2013 - 03:16 AM

no lengthy appeals in China for the death penalty.

Arrested in May 2012 and executed in June 2013

Official executed for raping 11 underage girls
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#99 colonel Feathers

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Posted 19 June 2013 - 09:38 AM

View PostFCP Bob, on 19 June 2013 - 03:16 AM, said:

no lengthy appeals in China for the death penalty.

Arrested in May 2012 and executed in June 2013

Official executed for raping 11 underage girls
There is virtue in varying degrees in all forms of govt.
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#100 FCP Bob

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Posted 20 June 2013 - 02:55 AM

Things could get ugly in the Chinese credit market

http://live.wsj.com/...3A-AB86C8CA0BF4
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