(December 22, 2022) How the duplicate banknotes would impact the Chinese financial system/The new level of corruption? | China Insights
https://www.youtube.com/watch?v=jmgBpRAB8B4
On Dec. 8th, 2021, the deputy general manager of the China Banknote Printing and Minting Corporation and a director of the company was reportedly investigated on suspicion of "serious violations of the law and party discipline.
This has become a hot search online in mainland China. Chinese people are wondering: What mistake the printer of Renminbi has made?
According to an overseas tweet, "The trillions of counterfeit bills in the Chinese market are authentic, printed by the China Banknote Printing Corporation. Everything is real, including serial numbers.“
If the Chinese Banknote Printing and Minting Corporation had actually printed duplicate bills, I wonder if such news would scare the money printing clients? However, based on the CCP's habit of covering up real information, we don't expect to get a definitive answer to the question of whether there are duplicate authentic bills in China.
(August 13, 2021) Vice mayor found no concrete in paving/Bamboo sheets replace steel bars/They all cutting corners | China Insights
Why are there so many tofu-dreg projects in China? According to an article published in the Daily Economic News of mainland China, the author claims that he used to work in a construction administration department for years. Thus he knows some of the "dark secrets" involved in the construction industry. The construction money has to pay for materials, labor and management fees, etc.
Due to the fierce competition in the market, the profit from a construction project is tiny, and even if the entire construction fund is used for the construction, the profit is usually less than 10%. If "one-third of the project money is used for bribes", the only way to still make a profit is to cut corners on a large scale, or purchase inferior materials, or default on labor costs.
This is only one of the reasons for the proliferation of tofu-dreg projects in China.
(December 22, 2022) How the duplicate banknotes would impact the Chinese financial system/The new level of corruption? | China Insights https://www.youtube.com/watch?v=jmgBpRAB8B4
On Dec. 8th, 2021, the deputy general manager of the China Banknote Printing and Minting Corporation and a director of the company was reportedly investigated on suspicion of "serious violations of the law and party discipline.
This has become a hot search online in mainland China. Chinese people are wondering: What mistake the printer of Renminbi has made?
According to an overseas tweet, "The trillions of counterfeit bills in the Chinese market are authentic, printed by the China Banknote Printing Corporation. Everything is real, including serial numbers.“
If the Chinese Banknote Printing and Minting Corporation had actually printed duplicate bills, I wonder if such news would scare the money printing clients? However, based on the CCP's habit of covering up real information, we don't expect to get a definitive answer to the question of whether there are duplicate authentic bills in China.
(August 13, 2021) Vice mayor found no concrete in paving/Bamboo sheets replace steel bars/They all cutting corners | China Insights
https://www.youtube.com/watch?v=RElGXLwWTvI
Why are there so many tofu-dreg projects in China? According to an article published in the Daily Economic News of mainland China, the author claims that he used to work in a construction administration department for years. Thus he knows some of the "dark secrets" involved in the construction industry. The construction money has to pay for materials, labor and management fees, etc.
Due to the fierce competition in the market, the profit from a construction project is tiny, and even if the entire construction fund is used for the construction, the profit is usually less than 10%. If "one-third of the project money is used for bribes", the only way to still make a profit is to cut corners on a large scale, or purchase inferior materials, or default on labor costs.
This is only one of the reasons for the proliferation of tofu-dreg projects in China.
If you make this an individual post, I will sticky it.
Thank you for the offer!
Just posted it here:
https://communities.win/c/GreatAwakening/p/15IrUEZDug/