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China to inject $174B of liquidity on Monday as markets reopen

reuters.com

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Re: China to inject $174B of liquidity on Monday as markets reopen

#511

Post by bane »

edoceo wrote: post #395
seanmcdirmid wrote: post #370

Earlier quoted context omitted.

In general Beijingers have a higher income while running a shop pays low income, so migrant workers are the ones that mainly fill demand for such labor (including shop keepers, waitresses, cooks, etc...). Consider that Beijing has 21 million residents but less than 14 million hukou holders, there is a lot of migrant labor to go around.

Hukou, new word for me, https://en.m.wikipedia.org/wiki/Hukou - short answer is like a household registration, social, caste like thing.

It's your official place of residence paperwork. It can be used to limit internal migration as many official government activities like voting or paying taxes or whatever have to be done in the area for which your hukou is for. Housing is also suppose to verify you have a hukou for the place you are trying to buy/rent....that sort of thing.

Re: China to inject $174B of liquidity on Monday as markets reopen

#512

Post by orbital-decay »

toyg wrote: post #349
baybal2 wrote: post #215

Earlier quoted context omitted.

This might be similar, but I see zero chance of Xi's power taking a hit. For as long as party's institutes are intact, he will be there. Some people began to speculate that Xi wasn't seen for the last 3 days, and sudden activity of "party elders," but I bet this is just an enormous amounts of wishful thinking showing up. Xi's "system" has an expiration date attached, but it's not tomorrow. Following on that Gorbachev…

> there were officials who were publicly disobeying his direct orders. Gorbachev's point was more about public opinion than political machinery or party hierarchies. Infighting factions had been a fact of life in the USSR since foundation, but the public as a whole still operated on the presumption that the State existed and was working with some degree of competency and some degree of shared purpose (if inscrutable…

It's worth remembering that Chernobyl wasn't the only disaster driving public distrust. Chernobyl is just the most known and mythologized one in the West, but there were three in relatively quick succession during that period: Chernobyl (1986), Spitak earthquake (1988), and Ufa train disaster (1989). All three (and the government response to them) had huge resonance among Soviet population, with Spitak surpassing Chernobyl.

Re: China to inject $174B of liquidity on Monday as markets reopen

#513

Post by rediguanayum »

koheripbal wrote: post #278
mark_l_watson wrote: post #222

My wife asked me at breakfast why the new virus is such a big deal: hundreds dying vs. the 5K to 10K babies and infants who die everyday in the world from dehydration and/or starvation. My response was exponential growth of viruses and mutation into something very deadly. China is taking the outbreak seriously, locking down large and high population regions. I wondered if some of that is PR since after a previous out…

The most important thing to remember here is that we have ZERO idea how many people are truly infected in China. The Chinese gov't is publishing totally unreliable numbers on "confirmed". ...but the fact that confirmed cases are popping up all around the world, there is ZERO chance that the true number of infected people is 15,000 in China. That just doesn't make sense statistically.

The healthcare system in Wuhan is overwhelmed. The hospital are turning away patients with symptoms without evening screening unless their deathly ill due to a lack of resources: "Coronavirus Pummels Wuhan, a City Short of Supplies and Overwhelmed" https://www.nytimes.com/2020/02/02/world/asia/china-coronavi... which means that the statistics are going to badly off at this point.

Re: China to inject $174B of liquidity on Monday as markets reopen

#514

Post by Paradigma11 »

siracusa23 wrote: post #198
grecy wrote: post #183

[flagged]

I lived under the USSR, American and European propaganda machine, they are all the same. You get tired of them as you get to my age. I'm pretty sure that rayiner's comment exists mirrored on a random Chinese forum. Someone being offended by a comparison of China and US (implying China is better). We're all the same.

What would a media system look like that you wont classify as propaganda machine?

Re: China to inject $174B of liquidity on Monday as markets reopen

#515

Post by 9nGQluzmnq3M »

kingkawn wrote: post #150
ohazi wrote: post #138

Earlier quoted context omitted.

People are downvoting the parent, but he/she is correct. So many people misunderstand these masks. Surgical masks protect other people from your coughing / breathing -- they do nothing for you. N95 masks are notoriously difficult to actually fit correctly. A mask with a filter needs to be completely sealed around your face. You should not be able to get any airflow in from the sides. The elastic is usually too weak,…

As I understood it their primary purpose was to get the wearer to not absent-mindedly touch their face, which is a much higher vector of infection than airborne inhalation of disease.

But because surgical masks are somewhat uncomfortable, it's apparently fairly common for people to touch their faces more to adjust the masks.

Re: China to inject $174B of liquidity on Monday as markets reopen

#516

Post by 9nGQluzmnq3M »

marshray wrote: post #509
backupcavalry wrote: post #436

Earlier quoted context omitted.

Isn't there also a shortage of masks because everyone's snapping them up and hoarding them? If people who're actually ill can't get a hold of any because of that then I'd argue they aren't even doing the right thing period.

The insidious thing about this virus is that people can be contagious for weeks before they notice symptoms.

Citation needed. The incubation period appears to be 2-7 days, with 14 day quarantines used mostly to give margin for error.

Re: China to inject $174B of liquidity on Monday as markets reopen

#517

Post by kmonsen »

hn_throwaway_99 wrote: post #347
sytelus wrote: post #318

If US or China stock market was to go down, govt will immediately infuse such massive cash that things would be back up in no time. I'm wondering this is why there had been no recession past the entire decade and very likely none ahead. Somehow we have arrived at economic prosperity level where enough wealth is "buffered" to smooth out downturns.

> I'm wondering this is why there had been no recession past the entire decade and very likely none ahead. I'm taking your "we've solved the business cycle!" comment as my sell signal. Everything is rosy until it isn't. I have a very opposite, pessimistic view, that this great fear of even the slightest downtown means we're just putting off the day of reckoning until it really comes crashing down. The fact is the pro…

Even if you are right, who knows when it will happen? Chances are you cannot time the market, and it can be irrational for far longer than you think.

Re: China to inject $174B of liquidity on Monday as markets reopen

#518

Post by teknologist »

whoevercares wrote: post #357
a_c wrote: post #84

Earlier quoted context omitted.

Beijing is notorious for its air pollution. It is a literal mask AFAICT, to block off pollutants

Since 2017 the air quality has been greatly improved for Beijing. I just spent about three weeks there and the sky is surprisingly blue

Factories are closed at the moment. The skies tend to clear up when that happens.

The same thing also happens in other cities when there's a big central government visit (e.g. Xi Jinping) planned.

Re: China to inject $174B of liquidity on Monday as markets reopen

#519

Post by marshray »

pmorici wrote: post #144
throwawayhhakdl wrote: post #32

Earlier quoted context omitted.

The face masks aren’t especially effective for this disease

This is false. If used right along with other common sense measures like washing your hands regularly and not touching your eyes / nose / mouth they reduce your risk of catching and spreading infection. [0] [0] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4868605/

Thank you for linking that interesting article.

> We performed a systematic review of both clinical and surrogate exposure data comparing N95 respirators and surgical masks for the prevention of transmissible acute respiratory infections.

That it didn't find a difference between N95 and plain surgical masks isn't surprising:

> Participants in clinical studies were health care workers in a health care setting. We defined health care worker as any worker in a health care setting who might be exposed to a patient with an acute respiratory infection. [...] Acute respiratory infections may have been acquired during the study from community exposures rather than nosocomial exposure.

It's not obvious (and wasn't discussed) that such a broad definition of 'health care workers' identifies people who are exposed to categorically more respiratory infections than, say, elementary school teachers. Indeed, one of the studies was actually halted due to the H1N1 outbreak in 2009.

So... of the people in the study who did get sick, we don't know how many of them caught it from their kids at home or on the bus to work when they weren't wearing .

Interestingly, one of the two randomized studies they looked at, having by far with the largest number of participants (1669), concludes:

> Continuous use of N95 respirators was more efficacious against CRI than intermittent use of N95 or medical masks.

(The other study with 1441 participants concludes that N95 respirators are more effective in preventing multiple simultaneous infections.)

https://www.ncbi.nlm.nih.gov/pubmed/23413265/

https://www.ncbi.nlm.nih.gov/pubmed/24472436

Re: China to inject $174B of liquidity on Monday as markets reopen

#520

Post by ra5 »

toasterlovin wrote: post #468
ra5 wrote: post #464

Earlier quoted context omitted.

I’ve been suggesting the comment collapse idea for a while? Where can we put up a PR for this? Collapsing comments for HN’s comment scale is damn near required at this point.

FWIW, this site seems very well run to me. The mods seem to have very deeply considered positions on community management.

Not even from a community management standpoint, but more so just from a UX standpoint. As a HN reader, I don't just wanna read the top 5 or so parents (which is all I can read without scrolling for 2 mins, _especially_ on mobile). I want to read all the parents, and have the option to go into the thread should I so chose. Just me though
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