Views: 1086|Replies: 6

"Structural Reform" Begins to Bite the Working Masses. [Copy link] 中文

Rank: 8Rank: 8

Post time 2016-3-21 01:00:25 |Display all floors
This post was edited by abramicus at 2016-3-21 01:01

Instead of blaming the overvaluation of the Yuan imposed by the so-called "Economic Team" for the overcapacity of China's mining and manufacturing companies, who can no longer sell their products due to the overpricing of Chinese products and services at home in Yuans and abroad in dollars, the Economic Team is blaming the SOES and their workers, and forcing factories to close and labor to be laid off.

Instead of migrating the laid off workers into higher tech jobs with higher pay, they are being relocated to lower tech jobs such as cooking, cleaning, and logging with lower pay - as can only be expected if the rest of the economy cannot sell abroad due to the overpricing of Chinese products by the overvalued Yuan - in short the overvaluation of the Yuan, not the manufacturing sector, has overpriced Chinese wages in Yuans at home, and therefore, also in Dollars abroad.

This will make the Great Leap Forward look like prosperity.

Foreign reporters have begun to pay notice to the nightmare engulfing the workers of mines and factories, whose products have not been selling to other businesses or consumers, because these in turn could not sell their products which have become overpriced due to the overvaluation of the Chinese Yuan, caused in turn by the Economic Team.  Workers in mines are being migrated to even lower tech jobs like sanitation, cooking and logging, that pay only half or a third of their previous salaries, with the luckier ones losing only a quarter of their pay.  Supposedly, they are going to be "retrained" for "higher paying jobs so that China will have a middle class equal to the West".  Well, they better make cleaning street and toilets more high tech pretty soon, and pay these sanitation workers a higher wage than what they earned as miners.

China is not reconstructing, but rather is deconstructing, or simply put, self-destructing, using its massive dollar reserves to jack up the Yuan until the economy collapses and social harmony, peace and order are destroyed.



Use magic tools Report

Rank: 8Rank: 8

Post time 2016-3-21 01:04:41 |Display all floors
Do not belittle the little man on the street.  He was the one who created modern China.  Without him, there can be no "China Dream".

Use magic tools Report

Rank: 8Rank: 8

Post time 2016-3-28 15:35:05 |Display all floors
THE FUNDAMENTAL "STRUCTURAL REFORM" CHINA NEEDS ABOVE ALL ELSE, IN ORDER TO STABILIZE HER ECONOMY, AND ALLOW IT TO GROW IS TO KEEP THE DIRTY FINGERS OF THE CENTRAL BANKERS FROM SELLING DOLLARS TO BUY YUANS, IN ORDER TO KEEP CHINESE PRODUCTS OVERPRICED IN DOLLARS ABROAD AND IN YUANS AT HOME.

THIS IS THE ONLY STRUCTURAL REFORM NEEDED - IN FACT.

Use magic tools Report

2018 Most Popular Member 2018 Most Popular Member 2016 Most Popular Member Medal Gold Medal

Post time 2016-3-28 18:35:30 |Display all floors
Reminder: Author is prohibited or removed, and content is automatically blocked

Use magic tools Report

Rank: 6Rank: 6

Post time 2016-3-28 23:21:56 |Display all floors
This post was edited by yasawakic at 2016-3-28 23:22
  1. reporters have begun to pay notice to the nightmare engulfing the workers of mines and factories
Copy code
hypocrit...workers and miners have been living in nightmare of taylorism for centuries...

Use magic tools Report

Rank: 8Rank: 8

Post time 2016-3-29 10:28:25 |Display all floors
THE ONLY STRUCTURAL REFORM THAT WILL STABILIZE CHINA'S ECONOMY AND ACHIEVE 7% ANNUAL GROWTH RATE OF ITS G.D.P. IS TO BAN THE PBOC FROM SELLING DOLLARS TO BUY YUANS, UNTIL THE YUAN/DOLLAR EXCHANGE RATE IS 7.00, AND EVEN SO, NOT TO DRIVE THE EXCHANGE RATE BACK UP AGAIN, BUT TO SLOW DOWN ITS DECLINE.

ALL OTHER STRUCTURAL REFORMS ARE LIKE TREATING THE SWELLING WITHOUT REMOVING THE INFECTION.

THEY WASTE TIME, RESOURCES, AND THE OPPORTUNITY FOR CURING THE NOW SICKENED MAN OF ASIA, COURTESY OF THE NEW ECONOMIC TEAM.

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.