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China urged to think big, go hard on reviving battered consumption

11 Comments
By Kevin Yao

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11 Comments
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The problem is that corruption is the lifeblood of the CCP. The easy economic growth is over and what is left requires people being free to lead their lives as they see fit.

6 ( +9 / -3 )

"Think big, go hard" Ahem. ............. just saying O_O

3 ( +4 / -1 )

The problem is that corruption is the lifeblood of the CCP. The easy economic growth is over and what is left requires people being free to lead their lives as they see fit.

https://giphy.com/gifs/LOWLIVES-i-dont-like-you-idontlikeyou-lowlives-Wiy6mt9DiYJe3r1YnZ

LOL

-7 ( +1 / -8 )

LOL

The joke's on you. One of the reasons my wife left China was her family couldn't afford the red envelopes to bribe university admissions to get the classes she wanted or the bribes the instructors wanted for a passing grade. Instead she earned her BSEE at an American university.

Everything in China depends on the red envelope. Everything.

6 ( +9 / -3 )

mmmh, not very many years ago I was reading the same lack of domestic consumption woes, guess where guys and gals. Red pockets are not needed for anything in PRC, only to gain unfair advantage now. D.T very impolite to ask a lady's age. Anybody reading this should be aware that she did not grad yesterday. CCP hatred hatred. Done a whole lot more for the poor than the lecturing nationalities. They've got too much housing, but can still buy I-phone. Regarding article, so I-phone is necessary. outside gathering meal is not. NB; Yr/day meal paid fo by yr/day host. She should have bought hua-wei.

-1 ( +1 / -2 )

There's an awful lot of them with money to travel abroad. Perhaps the CCP can re introduce an exit visa at a price so high only the disgustingly rich can go abroad, the rest get to holiday at home. Fewer ill mannered tourists in Japan is a win-win.

3 ( +5 / -2 )

I wouldn’t go to china if it was a fully paid trip

2 ( +3 / -1 )

D.T very impolite to ask a lady's age. Anybody reading this should be aware that she did not grad yesterday. CCP hatred hatred.

She grew up during the Cultural Revolution. The Red Guards forced her to denounce her own parents in front of the people of the village her family was exiled to after the Red Guards took their home in Shanghai ( a party puke still lives there, it's in the old French Concession ). Her mothers first husband was arrested and the next day the Red Guards told her mother he "committed suicide". Nobody believes that. He was killed for being a "capitalist roader". Some of you conveniently forget how barbarous the CCP was, and is to this day.

She earned her degree in 2015. It took her over ten years in the US to achieve this, working and raising up a daughter as a single mother working as many as three different jobs will chipping away at her degree a class or two at a time. But she did it here and instead of admissions staff and professors poking their hands out for a bribe as in China, people who hardly even knew here offered her help and even financial assistance. So guess where her loyalties lie now.

1 ( +1 / -0 )

There's an awful lot of them with money to travel abroad. Perhaps the CCP can re introduce an exit visa at a price so high only the disgustingly rich can go abroad, the rest get to holiday at home. Fewer ill mannered tourists in Japan is a win-win.

You have it backwards. It is the wealthy that the CCP doesn't want taking their money out of China to invest in homes abroad. The CCP tries all kinds of ways to prevent the wealthiest Chinese from moving their money abroad but the wealthy Chinese so far seem to be wilier than the CCP.

1 ( +1 / -0 )

There's no big consumption boost ANYWHERE with collapsing demographics and that includes China.

Marriage and household formation, key consumption drivers other than Govt. Money printing which never works

0 ( +1 / -1 )

@

Desert Tortoise YOU ARE CORRECT! What people really don't know is the CCP is the one who are investing their money is land and in homes abroad. The CCP is the one's who send their families abroad to live while they try to keep everyone else locked into the country to support the CCP. They are the one's with the secret bank accounts and the wealthiest Chinese who have direct ties to the CCP move their money out. Believe it or not XI entire family lives in New York that is a known fact. His daughter went to Harvard and has property in the city.

You have it backwards. It is the wealthy that the CCP doesn't want taking their money out of China to invest in homes abroad. The CCP tries all kinds of ways to prevent the wealthiest Chinese from moving their money abroad but the wealthy Chinese so far seem to be wilier than the CCP.

0 ( +0 / -0 )

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