New coronavirus like a tsunami, Unemployment has risen sharply

This new crown epidemic is really like a tsunami, it will leave damage after it recedes. The rise in unemployment is likely to be more severe than in 2008. At the same time, we see the importance of central banks. Additional money to create credit, which is the United States, Europe and many other countries began to take measures.
 The world will be different. Money, credit, and debt must have worked differently. Capitalism will be changed because interest rates can no longer be used to stimulate the economy, and the distribution of purchasing power, that is, capital, effectively distributes assets through the financial system through quantitative easing, and ultimately the system of loans to decide how to allocate capital will not work. Because money goes not to the companies that need it most, but to specific companies. The result of monetary easing is a greater gap between the rich and the poor, and the widening gap between the rich and the poor may cause greater debate in the future. We are going through a difficult period when globalization will turn to self-sufficiency. In the previous globalization, mainly to open free trade, such an era has passed, the tension will be including our mold and injection molding companies, all Chinese companies will have to face in the future, customers will be less and less, requirements will be higher and higher, prices will be cheaper and cheaper.
 Most investors will focus on the value of bonds, stocks, etc. held, but not enough on the value of money and money issues. If a bond is held, its rate of return is based on interest rates, but now interest rates have tended to zero. We need to think about what is to maintain value, the real economy and finance have mutual relations but also have their own characteristics, for example, many assets are reflected in debt, so we have to think about what is to maintain value in a broader sense.

There's a bull market in the second half of the year

If you are interested in the Chinese stock market, I hope this article will help you. I'm not only making molds but also making some investments.

Early in June in the good news, the market is now a rapid rebound, for the second half of the trend of Chinese A stocks, we believe that from the index point of view, better than the first half of the possibility still exists, the second half of the market will have a bull market. Because the real bull market must have enough support, especially the growth of corporate performance. But now dare not easily do this conclusion, the second quarter can be GDP from positive growth is still a distance, this situation can make a big market is uncertain. But the economy will be better than the first half of the month, so proposed "very much like the bull market ." The big logic of asset shortage in the second half of the year will not change, capital will still chase a small amount of growth more clear white horse stocks, chasing the imagination of the gem, Kechuang board stocks. But gem all the way up, no turning back at all, this shows that are more worried about "get off halfway ", can not catch up with other people's performance. So in this kind of asset collapse market, once the economic rebound is found to exceed expectations, I am afraid there will be twists and turns. Technology in the process may be more focused than others, so there are likely to be some shifts in the future, when it comes to price-to-earnings ratios and cash flows, it is difficult to be effective in technology stocks. When it comes to the recent return of Chinese stocks, the accounting standards of China and the United States are not exactly the same, and many of them have the nature of depository receipts because they can not be listed in full accordance with the traditional conditions of the United States. Now the United States is tightening, the survival of enterprises, especially in the future refinancing and other aspects will bring problems. If suddenly stopped, or privatized, the cycle time is too long, PR costs, friction costs and market maintenance costs will be high. If according to the domestic price-earnings ratio to price, the general stock must be very high, this situation can no longer use the past long-formed hype mentality.

Civilian personnel income in the Chinese military

 What is the treatment of China's military-civilian personnel?

 Thousands of words, into a payroll. On the basis of the information provided by our old cadets, we have 7k-9k RMB.
 In addition, the army has established a unified civil service wage system. Civilian salaries include basic salaries, allowances, allowances, etc.

 Civilian personnel housing to implement social monetized security policy, housing provident fund, housing subsidies, and rental subsidies according to the standards determined by the policy of active military officers.
For those who meet the prescribed conditions, the army may issue additional housing subsidies. Civilian personnel also receive family leave, transportation assistance, health check-ups and child care.

High wages, well-being and prospects for development —— no wonder the military-civilian ranks on the iron rice bowl.

Now the private business is difficult to do, some of our mold company owners do not have a person willing to continue their children in our industry. All hope their children can work for the government in the future, eat a stable job, this is our real idea now.

Talking About China's Share Economy

 To save the economy, it can be seen that the economic situation in China is really very serious now, and the unemployment situation is very severe

Recently a number of provinces have been introduced to allow the relevant measures to set up stalls, some people worry, if everyone set up stalls, then who will consume? The grim form is also a reminder to any of our injection molding companies that if you can't keep customers, you can only set up a stall.

 This question confuses the logic, the implication, everyone goes to the stall, means all buyers become sellers, so who goes to the stall to buy things? So where does money flow and how can the economy be boosted? It's not like that. We can sort it out.

 China stall

 First, there is no room for everyone to set up a stall. That people do not go to the stall, they wait to enjoy life. Those who have stable work will not go to set up stalls, set up stalls in the sun and rain, earn hard money, those who have work will cherish the work they still have now, even if pay cuts, many people will still work well.

Civil servants and institutions will not go to the stall, iron rice bowl in hand, a cup of tea to a newspaper, they will go to the stall? Wouldn't they be laughed at if they were seen by the heads of other sections? So there isn't a situation where everyone goes to the stall, which is a bit of a worry.

 Second, because there are more people in the stalls, so no one to consume? In fact, we don't set up stalls, we all have to spend. If there are no stalls, then people go shopping in the mall, go shopping in the supermarket, but because these places have to pay high rent, the price is more expensive, and the sharing of things cheap, can increase the desire to spend, so it will not be because someone set up stalls no one to consume, but will increase the overall consumption.

 At the same time, there is no stall, outside is very cold, no one will go out, home every day. After having the stall, the popularity rises, the shopping is many, has the flow of people to produce the economic activity, therefore says "the stalled economy is the human fireworks, is the Chinese hope "!

 Third, the opening of stalls is a special occasion, affected by the epidemic, the unemployment rate has increased, some people have no work, by allowing the stall, can be the most direct and effective way to solve the problem of unemployment so that the temporary unemployed can support themselves so that everyone can tide over the difficulties together.

 Similarly, the stall is to do business, if the stall made money, will also take to spend, if not allowed to set up stalls, unemployed at home no income, with what consumption? But set up the money, will also go to spend, at this time will change from the seller to the identity of the buyer, thus creating new economic increment, bring more money circulation.

In the next six months, the global economy will be in two strange phases, with entities falling and stocks rising

This year, the global economy was hit by an epidemic. Once upon a time, central banks around the world, such as the Fed, used money printers to save the market. The Fed immediately lowered interest rates to zero and opened up quantitative easing.
 In this case, we see that the global stock market has experienced a strong and rapid rebound, the U.S. stock rebound is closer to 40%, the fastest rate of rising. Many people can not understand that this phenomenon is not sustainable.

 However, CNMOULDING believes that this phenomenon will continue for half a year, and will become more and more intense. The reason is simple: the central bank's bail-out could indeed save capital markets, but not the real economy. Look at Europe. Last year, Europe's economy almost stagnated and the European debt crisis has not been properly handled, but Europe's stock market has been rising and even hit a record high.
 But such easing is of no use to the real economy, where the money isn't flowing into the real economy at all, but almost entirely absorbed by the stock and real estate markets. Because many companies in the real economy, in fact, zombie companies, should have gone bankrupt in the crisis, but because the easing survived, they would then enter what Japanese economist Koo Charming called a "balance sheet" recession.
 Such a situation, although strictly speaking, can not continue. But nobody seems to know where the end is. After all, Europe has been able to last for the past 12 years, so for another six months, I believe the probability is very large.

Class Division of Chinese Society!

 An interesting model of the latest class division in Chinese society is summarized and analyzed as follows:

I. THE TOPICS

•  Level 1: represented by serving political commissar and retired standing committee. The difference between 2 and 1 is that 1 has control over the national situation and 2 does not.
•  Level 2: To serve in the real power of provincial and ministerial cadres, retired "political commissar ", regional and above the active military leadership, some monopoly of central enterprises responsible, powerful, rich businessmen, big bankers as representatives; and 3 difference is that 2 can influence national policy ,3 can not.
•  Level 3: represented by senior officers at the general provincial, sub-provincial, regional sub-level, special authority, or by large business owners, general wealthy businessmen, headmasters of famous universities, and middle bankers; and the difference between level 3 and level 4 is that it can influence the development of a region or industry. Ma Yun, Ma Huateng as the peak outside the system,3 is the industry elite or regional system elite.

 Analysis comments:1~3 is the upper class of China, the ruling class, but also the largest vested interests, ordinary people smoke or once-in-a-lifetime adventure is difficult to enter this class, they account for less than 2/1000 of the population.

 II. Middle-level society

•  Level 4: To general hall level, real power county level, academicians, professors, senior professional managers, doctors, lawyers, university principals, performing stars, well-known writers, middle-class business owners, small bankers and so on. Ordinary people can reach this level at best through struggle. For example, a provincial government director, Hewlett-Packard Google China president, Fan Bingbing and so on is the top of the outside level. The difference between 4 and 5 is that 4 is inextricably linked to the upper layer and 5 is not.
•  Level 5: To small business owners, general sub-division level or real power section level cadres, professors, middle professional managers, large cities with multi-housing landlords, second and third-line stars, small famous doctors, lawyers, engineers and so on. The difference between 5 and 6 is that 5 has its own career and 6 does not.

• comment: CNMOULDING is small injection molding manufacturer, show belong to level 5

•   Level 6: General civil servants, mainstream enterprise staff, young university teachers, general freelancers, general doctors and lawyers, general engineers, large self-employed, etc. 985.211 Outstanding graduates, graduate students and genuine overseas returnees are at this level. The difference between 6 and 7 is that although 6 can not be said to have their own career, there is a certain room for improvement,7 is difficult.

 Analysis comments: level 4~6 is China's middle class, respectively, high, middle and low middle class, ordinary people through efforts, finally can be fixed in level 5 even if it is very good. Such people can share the fruits of economic development, but the proportion is small.

 Third, the bottom, that is, grassroots, loser class

•  Level 7: represented by ordinary enterprise workers, grass-roots technicians, graduates of general colleges and universities, marginalized institutional personnel, small self-employed households, indigenous people at the bottom of the city, rich farmers, etc. The difference between 7 and 8 is that 7 can stand in large and medium-sized cities,8 can not.
•  Level 8: represented by sweatshop workers, migrant workers, and ordinary farmers. The difference between 8 and 9 is that 8 can earn its own living and 9 can not.
•  Level 9: The unemployed population at the bottom of large cities, farmers in remote mountain areas, etc. are represented by the basic standard of living of the city, and these people can hardly support themselves in the city.

 Analysis comments: level 7~9 is the bottom of Chinese society, is the grass-roots class, is the "most hopeless class ", these people account for more than 70% of the total population.

 The stratum form of Chinese society is a typical pyramid structure, that is, the upper level is much smaller than the middle level, while the middle level is smaller than the bottom level, and the bottom layer accounts for the most part of the population. It should be noted in particular that, even at the same level, the division of social strata in Chinese society is very different not only from outside the system but also from other political and economic levels.

  Objectively speaking, the human society develops to today, the more ideal social structure should be spindle type (or olive type), that is, the middle class is more, the bottom layer is less (where the upper layer is less), such as some developed countries in Europe and the United States. Such social patterns ensure that people have relatively high economic income, thus ensuring the purchasing power and consumption level of social goods, conducive to the development of the national economy.

 There is no doubt that China's pyramid level 1-3 is the upper class, the ruling class, the rich class, the biggest vested interests, and the class that can cut the biggest cake from economic development. Level 4-6 is roughly middle-class, and they can share the fruits of economic development, but in small proportions.

 Clearly, level 7~9 is the person who contributes to youth and labor value. In particular,7-8 levels, basically no room to rise, in the community is also mixed to eat, rich without your share, hungry and hungry, is the absolute largest number of people. Because this crowd can not flow up, will only flow down, but flow down, can only flow to level 9, and the number of levels 9 too large will affect social stability, do not ask why, think about Chen Shui, you understand everything.

 The history of the past 30 years shows that under the existing system, the redistribution of wealth can only be carried out between 4,5,6 and 7,8, for example, by raising the minimum wage by allocating a portion of the cake at levels 4,5 and 6 to 7 and 8. As for 1~3 who are at all times the biggest vested interests, it is harder for middle and lower class people to expect to get a piece from them. As for printing money is more fun, this is 1~3 unconditional to the lower layer of wool shearing.

 The solidification of the social class is another important feature of the pyramid structure. In such a social structure, the personal struggle is far less important than networking. A good father is certainly the ideal, if not, by drilling camp by dedication —— or "I don't want to face" also have a chance to get a higher level of support.

 Countless facts have proved that it is easier for people with higher dimensions to reach higher levels than for individuals. A level 5~6 can easily reach level 4 if it is supported by people within a level 4 system or above. Class 7~8 can easily reach level 5~6 if people above level 4 carry them.

 Generally speaking, the 7th ~8th levels are hopeless classes, and even if there is an opportunity, they have no connections and funds to seize the opportunity. And level 9 is the most miserable class in this society, which has no welfare, low income or even 0, and can only survive in the countryside if it can only be gnawed in the city.

 Compare that to see what level you belong to; what level you hope to rise to in the future through your efforts; and what level you will, unfortunately, fall to in the event of unemployment. Think clearly, perhaps better to help you do a variety of life planning, including career, financial and insurance.

 As for the reform that all P people have high hopes of, the communique can all see, is to continue to ride the bicycle carefully, absolutely not to hurry to change to the car. Each round of economic reform is the focus of the privatization of state-owned enterprises, is the carnival of elite power, elite power to divide up, embezzlement of state-owned assets feast. A reform like this has nothing to do with the interests of the P people, and the Chinese Dream of improving people's livelihood will always be realized in the news broadcast. Don't tell the rulers to give you a cake, they will only rack their brains to squeeze every drop of hard-earned money P the people, to maintain their rule.

 Mao Zedong era people enjoy free medical care, education, housing, and other social benefits, all the reform elite changed, pushed to the market, has become a pressure on the bottom of the people on the new three mountains. What should be changed is not changed, but what should not be changed is completely different. The gap between the rich and the poor is the first in the world, people's income will never catch up with rising prices, corruption and corruption, people's moral mudslides and landslides, pornography, gambling, drugs and evil this social cancer sink, but is changed again.

 Anyway, the upper-level 1~3 want to maintain stability, the desire of level 4 reform is low, the level 5~6 is the highest level of entrepreneurship and reform enthusiasm, but there is absolutely no right to speak.

 Do you know why GDP insured 8? The real reason is to ensure that people at level 8 do not fall into level 9. At the moment, the goal is adjusted to 7.5—— meaning at least half of level 8 will not fall into 9. As for the bottom, the limit is 7, it means that if the level 8 can not be preserved, the level 7 is not allowed to fall into 9.

 China's average annual income is 30,000 yuan, but 600 million people earn 1,000 yuan a month, a top official said in a reply to a reporter at the two sessions. What kind of social status does a senior official reveal? What information? 1000 yuan in a medium-sized city may be difficult to rent, and now encountered an epidemic, unemployment tide...

 At the end of the day, seven ~ nine, a large group of people, can not survive any storm. If the people's livelihood really what problems, society will inevitably not be unstable. Water can carry a boat, but also can overturn it.

 In the final analysis, only let the majority of people at the bottom of the society live a good life, the society can be stable, the country really has the hope to be strong, otherwise, it is all the propaganda and brainwashing, useless.

 Comment: Here P explain in China the common people at the bottom

Making Hong Kong's financial sector worse

Hong Kong's economic growth fell 8.9 percent in the first quarter from the same period, the biggest drop since statistics, according to the Hong Kong Statistics Department. In response to the economic impact of the newly-crowned pneumonia epidemic, many multinational banks have been cutting back on Hong Kong offices and slowing recruitment in response to the economic downturn in Hong Kong. The IMF has said Hong Kong's economic downturn can be compared to the Great Depression of the 1930s.

In the first quarter of this year, the median monthly income of employees in the financial and insurance sectors fell 6.3% to HK $30,000, down from HK $32,000 in the same period last year, according to the Census and Statistics Department. Bloomberg reported last week that Deutsche bank had asked senior managers in hong kong to give up a month's pay, which could save the bank more than 10 million euros. Hong Kong banks paid 5% less annual bonuses in January and February than last year, compared with 30% less monthly bonuses last month, according to a survey by the Hong Kong office of headhunter Morgan McKinley. A report from the office said "the epidemic has had a considerable impact on recruitment across hong kong's financial sector, with the number of jobs significantly deteriorating over the past four to five months ."

Morgan McKinley also conducted a random survey of more than 1,000 employees in various industries in Hong Kong, about half of whom said their employers had taken cost-cutting measures after the outbreak, including leave without pay, freezing bonuses, or pay cuts. Eighty-six percent of respondents were worried about job insecurity this year, and 49 percent were actively looking for new jobs. More than half of them use today's "lower salary" as a reason to change jobs.

Several banks, including Deutsche Bank and Société Générale, have announced a moratorium on layoffs as part of a restructuring plan as part of a crisis for some multinational banks. But as soon as the economic situation becomes clearer and the global blockade is lifted, job cuts could restart. Hong Kong may be one of the main target areas once the new job cuts are launched. Banks such as HSBC and standard chartered also said they had cut the bonus pool as a possible target this year, as they would allocate tens of billions of dollars to non-performing loans and seek further spending cuts if the downturn continued.

The United States is now canceling Hong Kong's exchange rate preferences, and China has turned Hainan into a free trade area. CNMOULDING believes that the next hong kong financial and other industries will start to decline, the pearl of the east once no longer brilliant.