OMG, have you lived in Asia? Do you have any clue at all what you are talking about? Apparently not. How about you first work on your English before you try to school others. CCP can do anything it pleases, adjust reserve rates, prime rates, inject money, even transfer money across different state owned entities if need be. You have zero understanding how China works. How about you get your lazy butt over to HK and I treat you for beers and tell you how economics work here. Schmuck.
Edit: and please stop jumping all over the place focus on a single issue else you come across simply as someone who read a few articles and reports and has very little in terms of making his own case. Your entire premise on the salary issue is flawed. Yes labor intensive jobs have started moving to Thailand and Pakistan and Bangladesh over the past years towards Africa even. But China is hiring engineers and deep learning researchers, medical professionals in record numbers. In short, China is moving up the sophistication ladder in almost every industrial sector. The salary paid for a data researcher is a fraction of the cost one has to pay in the US or other western nations while the skill and educational level is equal in those higher sophistication jobs. But that is just an aside as you chose to shift topics. The main topic here set out by yourself, is debt levels of corporate entities. And I claim you do not understand how corporate finance works in China.
Edit: and please stop jumping all over the place focus on a single issue else you come across simply as someone who read a few articles and reports and has very little in terms of making his own case. Your entire premise on the salary issue is flawed. Yes labor intensive jobs have started moving to Thailand and Pakistan and Bangladesh over the past years towards Africa even. But China is hiring engineers and deep learning researchers, medical professionals in record numbers. In short, China is moving up the sophistication ladder in almost every industrial sector. The salary paid for a data researcher is a fraction of the cost one has to pay in the US or other western nations while the skill and educational level is equal in those higher sophistication jobs. But that is just an aside as you chose to shift topics. The main topic here set out by yourself, is debt levels of corporate entities. And I claim you do not understand how corporate finance works in China.
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