Xi Jinping points China to Communist Revolution 2.0

[Arogab]

54 minutes ago, inlinesix said:

Until now still haven’t bankrupt.

 

If go burst then I think got 280 cities and 1.4m houses will not get completion. This is huge numbers

[Arogab]

39 minutes ago, Lala81 said:

Evergrande needs to be wound down carefully. 
Similar to HuaRong who was backstopped

It's way bigger than the HNA crisis.

 

HR was helped once, now EG may not be like the same. XJP angry with these people too. Likely get somebody else money to help them clear some of the houses not completed to help those buyers

[Lala81]

3 minutes ago, Arogab said:

HR was helped once, now EG may not be like the same. XJP angry with these people too. Likely get somebody else money to help them clear some of the houses not completed to help those buyers

i think it's too big to allow a total collapse. the shockwaves will be massive, in a time when the economy is slow.

 

[Arogab]

2 minutes ago, Lala81 said:

i think it's too big to allow a total collapse. the shockwaves will be massive, in a time when the economy is slow.

 

That's why I say they will use other money to help. There was one news I read CCP will not want to bail them. Anyway, they are so big, they have some way or another to do it. Take some here and there. 

Chinese style

[Lala81]

2 minutes ago, Arogab said:

That's why I say they will use other money to help. There was one news I read CCP will not want to bail them. Anyway, they are so big, they have some way or another to do it. Take some here and there. 

Chinese style

that's why i'm not vested in the chinese banks/Ping An etc. someone will have to help bailout Evergrande in some way/form.

National service.

Edited September 15, 2021 by Lala81

[Arogab]

Just now, Lala81 said:

that's why i'm not vested in the chinese banks/Ping An etc. someone will have to help bailout Evergrande in some way/form.

National service.

Indeed, of all the stock that I buy. Up till now I dare not try Chinese ones. My Boss keep asking me to try. I worry, better do my safe style. 

Last time I was in Foxconn, many employees keep saying how much and how much they make, then comes to crunch, all keep quiet

[Lala81]

41 minutes ago, Arogab said:

Indeed, of all the stock that I buy. Up till now I dare not try Chinese ones. My Boss keep asking me to try. I worry, better do my safe style. 

Last time I was in Foxconn, many employees keep saying how much and how much they make, then comes to crunch, all keep quiet

wiser than me. since i hold chinese tech lol.

[Arogab]

8 minutes ago, Lala81 said:

wiser than me. since i hold chinese tech lol.

Not any wiser lah. I wish I got the balls to follow my bosses. They make good money. 

16 years in China, I didn't really make it well leh, I could have done much better. Sometimes you think you wanna go all out but the fear is there

[inlinesix]

😂😂😂😂😂😂

 

[mersaylee]

5 minutes ago, inlinesix said:

😂😂😂😂😂😂

 

New 门符😁

[inlinesix]

7 hours ago, happy_man said:

I read some years back Xi had warned against property speculations and pple flipping to get rich quick.

Clearly some pple ignored or forget his warning back in 2017 - 习近平：坚持房子是用来住的、不是用来炒的定位 😬

https://www.zaobao.com.sg/realtime/china/story20171018-803902

 

LOL!
打房for so many years still can’t get the message through.

[Arogab]

10 hours ago, happy_man said:

I read that many thought China has gone "Capitalist" when Deng started the economy reform- But forget it isn't since Beijing allows it in a controlled manner to drive its market economy. Foxconn is just one of many who love cheap labors and got addicted when they got very rich.

Today, Foxconn is 100% dependent on operating as China+1, and will barely survive if they attempt minus China 100%. 😜

Foxconn has a very different managing style in China. Yes, those low operating functions and some R&D are there. I cannot tell too much, if you look into their finance reporting. You will notice other income. 

The boss Terry is a smart guy. He has set up so much entities that even at low margin which people cannot survives. He can make some. Of cos CCP supported him, he has more than 1m employees. If CCP kicks him out, they also have to think twice

[inlinesix]

17 minutes ago, happy_man said:

政策早已公布 不听后果自负

Can't blame anyone now when Xi already gave explicit warning 4 years ago against property speculations.

上有政策

下有對策

😂

[Arogab]

4 minutes ago, happy_man said:

I think you give Guo too much credit - Fact is success would not be possible if the Honghai boss hadn't setup factory in Shenzhen over 30 years ago. The real "genius",however, who accelerated China's role into global supply chain was Foxconn's largest customer - Apple Inc.  Remember this guy when he wanted a "perfect" glass for his new revolutionary phone within 6 weeks which American engineers cannot deliver ?

This is Why iPhones Are Made in China

https://www.idownloadblog.com/2012/01/22/iphone-made-china/

 

Hehe, yes you are right. But I was with them for 8 over years as their Senior Manager and Director.  You should see how Terry Guo set rules to his Generals and how the team nego for factory land and rentals on hostels. 

The apple guy goes to them not for nothing. And yes, you were right, the americans cannot deliver, he lead and do it. Maybe later part not him, but right from the start. Terry leads by example. My office just diagonally opposite his office for several years till I go Tianjin and Other locations 

[Arogab]

25 minutes ago, happy_man said:

政策早已公布 不听后果自负

Can't blame anyone now when Xi already gave explicit warning 4 years ago against property speculations.

 

 

7 minutes ago, inlinesix said:

上有政策

下有對策

😂

There is a report that says "They give you directions but not the timing" And yes, CCP will get something in return and then back to square one with “上有政策，下有对策”。。。people will find the grey areas

[Arogab]

1 minute ago, happy_man said:

Thanks for sharing your experience at Foxconn - Not easy to do business in China, especially now US politics has turn 180 against its largest banker while much of its imports are still 中国制造 😜

China with it's huge population can push their rural areas to spend and keep their economy. Many people thinking they will bubble 3 years back but till no also don't burst. 

I read a book that quote "While the Americans complain the Chinese takes away their job. They are addicted to the Chinese's low cost" 

See today, so many homeless in US. Really a lot. San Francisco is no longer the same one I see 15 years ago when I first go there 

[Beregond]

3 minutes ago, Arogab said:

 

I read a book that quote "While the Americans complain the Chinese takes away their job. They are addicted to the Chinese's low cost" 

lppl . we also addicted to cheap labour etc etc. very hard to escape from that hole. 

[Arogab]

2 minutes ago, Beregond said:

lppl . we also addicted to cheap labour etc etc. very hard to escape from that hole. 

Hehe, not my company. I said before, we pay Chinese equivalent to Singaporeans for people that can create.

Anyway, China cost is rising. My company setting up in India and Vietnam soon