Good news! Chinese car market rebounds after lockdown lifted

[James Baggott 227]

This should cheer some people up...

https://cardealermagazine.co.uk/publish/chinese-car-industry-sees-rapid-recovery-lockdown-lifted/189701

Let me know your thoughts

 

[metcars 397]

I know some clever finance guys and they are telling me to sit tight. Don’t throw investments on the fire. The economy will spike back up?

heres hoping?

[Mojo121 229]

1 hour ago, metcars said:

I know some clever finance guys and they are telling me to sit tight. Don’t throw investments on the fire. The economy will spike back up?

heres hoping?

Buy when there’s blood in the streets!

[New year revolutions...... 197]

Well they cant buy bats now so why not buy a car 

[LINGsCARS 24]

The bat references are idiotic.

Several things (I do have a little edge on you lot here, hehe)...

1. Don't believe anything at all coming out of China, the Tractor Committee Production Quota Figures are always manipulated and lies. Journos seem to believe this stuff. For example, who believes only 3,000 people died of the Death Virus in (the whole of) China? Absolute joke figures but widely reported by the UK press, every day by the BBC. Who believes no-one (in China) died of the virus last Wednesday? It's pure fantasy propaganda, but again, it hardly gets questioned. So don't believe stuff just because it's from Reuters or someone reputable.

2. A lot (ALL in Wuhan city, 11 million, twice the size of London or Scotland) of people have been trapped in their flats 100% 24/7 for 3-months. And many other Tier 1, New tier 1 tier 2, and tier 3 cities have been locked down worse than the UK. Some of these high-tier cities have populations that exceed that of many countries and are world-class in every way. My own parents and sister have been stuck inside in Chengdu (also new tier 1 city like Wuhan) for 2 1/2 months. Inside means inside. Not this crap that goes on here, dog walking. No. Each residential building has a political cadre controlling it.  You can't get out. You are spending nothing. You have a "family book" that controls ONE PERSON to leave once a week, for food. That's it. You break the rules, your family is collectively sanctioned. You really REALLY don't want to be sanctioned; loss of jobs, privileges, health cover, even lose your house. So you comply.

Due to the nature of the communist party, a hell of a lot of jobs (majority) are in the Government public sector which has been receiving full Government pay (to avoid insurrection and buy population compliance). So, many people have built up large nest-eggs, which they may feel they need to spend on cars for various reasons:

• They don't want to use public transport (that's not strong enough, they fkng sh1t themselves to fkuc - sorry James - about using public transport which is CROWDED. It's a death sentence). Or taxis. Bicycles are banned in many modern Chinese cities for more than very local journeys. Walking is very crowded. Cars are deemed safe spaces in comparison.
• In large Chinese cities car registrations are restricted (to prevent road overcrowding/smog etc) and many people will want to get a car now, before the allocation of registrations runs out. Often they have to join a lottery scheme to register a car. It can take years sometimes, unless you can bribe. So, take advantage of the availability, suddenly.
• It may be a race to buy physical cars, as the production lines have been disrupted big style (as will happen here in the EU/UK) and cars may be slow to come through... so grab what you can, while you can... like toilet rolls.
• In most of China, there is a 1 or 2 property rule, and you are stopped from transferring money out of the country... so if you can't put your money into houses (and you only ever own a 60-year lease, never the freehold which is all Govt owned), and foreign holidays (a recent thing) are still impossible, and people have been restricted to one child (now 2) what the hell do you buy/spend your money on? How many handbags can you own? A car is the answer. It's more of a status symbol in China than the UK.
• Because people in China (middle class) are cash-rich, and the car finance sector is mostly immature in China, most car purchases will be (effectively) in cash. Buying a car is also an easy way to launder large amounts of money if you have accumulated dodgy money. Therefore the market won't be slowed by credit availability and proper credit scoring from nervous finance companies, which may be the case in the UK.
• Because the used car market is immature in China (and people in China value *NEW* things.over used things) people prefer new cars over used cars.
• You've just dodged a bullet (the virus), so you think "fcuk it" and bladder some cash. Treat yourself.

So, not all of that stuff applies to the UK. So, I'd caution making too many parallels.

Especially the credit situation. That will be a bigger squeeze in the UK than in China, I think.

Hope this helps - Ling

 

Edited April 9, 2020 by LINGsCARS

[James Baggott 227]

Thanks Ling! 

[David Horgan 564]

Thats a scary report of China Ling 

I know your Chinese by birth and I have no personal reason to dislike Chinese people , so this is not a shot at being nasty . 

BUT with just what you have told us here about the way the Communist Government go about control of people , it really make me wonder if the west has any business dealing with them at all . World feeling is changing as more info comes out about how China conducts its self  , more negative  information will only be greeted with negative reaction , and when the lies come out the Shit will hit the fan big time . I know they make most of the products the world uses because of cheap labour and business won't want to stop dealing with them least because of profit margins , but if the end buyers say NO with their wallets it could change the way the world trades 

The fact that China is telling lies will eventually be heard by all wont it and that will affect millions of peoples thoughts 

Some bad feelings are building with people down here at a very local level , even boycotting Chinese restaurants is being spoke of when reopening finally takes place .  According to to road I live on people wont use the local Chinese Restaurant any more when it opens again , Shame because they are a nice family , but feelings run deep in times like these . Took years for a whole generation to buy German and japanese after the war war 2 so its not a new feeling . My Three uncles never bought a Jap or German car because of what they saw . 

no doubt the Chinese authorities have covered this up .man made or animal made it was let out by China  , I think they may well be made to pay for that somehow . 

Hope your family are ok back home Ling , best wishes to them all , sad times all for the wrong reasons eh , 

 

 

[Casper 272]

22 minutes ago, David Horgan said:

Thats a scary report of China Ling 

I know your Chinese by birth and I have no personal reason to dislike Chinese people , so this is not a shot at being nasty . 

BUT with just what you have told us here about the way the Communist Government go about control of people , it really make me wonder if the west has any business dealing with them at all . World feeling is changing as more info comes out about how China conducts its self  , more negative  information will only be greeted with negative reaction , and when the lies come out the Shit will hit the fan big time . I know they make most of the products the world uses because of cheap labour and business won't want to stop dealing with them least because of profit margins , but if the end buyers say NO with their wallets it could change the way the world trades 

The fact that China is telling lies will eventually be heard by all wont it and that will affect millions of peoples thoughts 

Some bad feelings are building with people down here at a very local level , even boycotting Chinese restaurants is being spoke of when reopening finally takes place .  According to to road I live on people wont use the local Chinese Restaurant any more when it opens again , Shame because they are a nice family , but feelings run deep in times like these . Took years for a whole generation to buy German and japanese after the war war 2 so its not a new feeling . My Three uncles never bought a Jap or German car because of what they saw . 

no doubt the Chinese authorities have covered this up .man made or animal made it was let out by China  , I think they may well be made to pay for that somehow . 

Hope your family are ok back home Ling , best wishes to them all , sad times all for the wrong reasons eh , 

 

 

Wish you and your family all the best David and also yours ling take care and stay safe safe and thats applies to everyone here so many nice decent people who are always willing to help people and offer advice . 

Edited April 10, 2020 by Casper

[LINGsCARS 24]

19 hours ago, David Horgan said:

Thats a scary report of China Ling 

I know your Chinese by birth and I have no personal reason to dislike Chinese people , so this is not a shot at being nasty . 

BUT with just what you have told us here about the way the Communist Government go about control of people , it really make me wonder if the west has any business dealing with them at all . World feeling is changing as more info comes out about how China conducts its self  , more negative  information will only be greeted with negative reaction , and when the lies come out the Shit will hit the fan big time . I know they make most of the products the world uses because of cheap labour and business won't want to stop dealing with them least because of profit margins , but if the end buyers say NO with their wallets it could change the way the world trades 

The fact that China is telling lies will eventually be heard by all wont it and that will affect millions of peoples thoughts 

Some bad feelings are building with people down here at a very local level , even boycotting Chinese restaurants is being spoke of when reopening finally takes place .  According to to road I live on people wont use the local Chinese Restaurant any more when it opens again , Shame because they are a nice family , but feelings run deep in times like these . Took years for a whole generation to buy German and japanese after the war war 2 so its not a new feeling . My Three uncles never bought a Jap or German car because of what they saw . 

no doubt the Chinese authorities have covered this up .man made or animal made it was let out by China  , I think they may well be made to pay for that somehow . 

Hope your family are ok back home Ling , best wishes to them all , sad times all for the wrong reasons eh , 

 

 

My family are fine. 

Where on earth are you talking about David Horgan? Where are those people boycotting Chinese restaurants? Where is your "local level"? Which town? I wouldn't worry about those stupid people, you find them everywhere.

I don't believe that at anti-Chinese stuff at all.

Nor do I believe the Chinese Government have covered anything up, just that they are misrepresenting the pandemic death figures. You'll be blaming 5G next.

China is China, not much anyone can do to change it. Good and bad like any country. 

- Ling

[New year revolutions...... 197]

27 minutes ago, LINGsCARS said:

My family are fine. 

Where on earth are you talking about David Horgan? Where are those people boycotting Chinese restaurants? Where is your "local level"? Which town? I wouldn't worry about those stupid people, you find them everywhere.

I don't believe that at anti-Chinese stuff at all.

Nor do I believe the Chinese Government have covered anything up, just that they are misrepresenting the pandemic death figures. You'll be blaming 5G next.

China is China, not much anyone can do to change it. Good and bad like any country. 

- Ling

Well I've stayed clear of my Chinese restaurant since December,I didn't even get my free calendar 

[LINGsCARS 24]

1 minute ago, New year revolutions...... said:

Well I've stayed clear of my Chinese restaurant since December,I didn't even get my free calendar 

Bastard, hope you choke on your next fortune cookie. 

[New year revolutions...... 197]

1 minute ago, LINGsCARS said:

Bastard, hope you choke on your next fortune cookie. 

I've supported you on here for the last 2 weeks

You have now shown your true colours

I'm out

[LINGsCARS 24]

7 minutes ago, New year revolutions...... said:

I've supported you on here for the last 2 weeks

You have now shown your true colours

I'm out

Complaining about your free calendar was the last straw

 

[andymc1973 199]

A boycott won’t happen, everything is price driven in this World, its the Chinese Gov who suppress the population and we have no business being world police, we can recall how that goes 

[have a word with the wife 299]

21 hours ago, David Horgan said:

 

to buy German and japanese after the war war 2 so its not a new feeling . My Three uncles never bought a Jap or German car because of what they saw . 

 

 

 

my neighbour was exactly same, lost his brother, to his death bed he never forgave, god bless him .

[LINGsCARS 24]

6 hours ago, have a word with the wife said:

my neighbour was exactly same, lost his brother, to his death bed he never forgave, god bless him .

Being Chinese, I have equally if not stronger feelings about Japs. As a race, not individually. Germans are not Nazis, but Japanese are still Japanese.

[David Horgan 564]

On 4/11/2020 at 11:21 AM, LINGsCARS said:

My family are fine. 

Where on earth are you talking about David Horgan? Where are those people boycotting Chinese restaurants? Where is your "local level"? Which town? I wouldn't worry about those stupid people, you find them everywhere.

I don't believe that at anti-Chinese stuff at all.

Nor do I believe the Chinese Government have covered anything up, just that they are misrepresenting the pandemic death figures. You'll be blaming 5G next.

China is China, not much anyone can do to change it. Good and bad like any country. 

- Ling

Ling I was as polite as i could be in my response  to your post wasn't I ,  To accuse me of blaming 5g next is completely stupid , what a silly comment as i never blamed 5G did i .

My feelings personally are that the Chinese Government are to blame for this world disaster , they should hang their lying heads in shame . " my view " 

The people boycotting local restaurants are a direct result of me knowing a Chinese family running one near us , sold them cars serviced their cars so we know them well , People are not going to their takeaway anymore its that simple , they are distraught about the feelings towards them , but that's what disasters do . 

China is China I agree with you there and now the world knows China a little better doesn't it unfortunate as it is,as they now know more about the BAD than the good don,t they . This is where resentment will stem from . There will be millions that hate China for this pandemic disaster as  the virus is killing their loved ones  .

Now as you mentioned 5G , well my own feelings regarding 5G is the Chinese Firm should bend over and have 5G stuffed where the sun doesn't shine , 

 

 

On 4/11/2020 at 12:00 PM, New year revolutions...... said:

I've supported you on here for the last 2 weeks

You have now shown your true colours

I'm out

There is no come back from rudeness like that is there . 

Hoping you choke on a fortune cookie shows true feelings doesn't it .

leopards never change their spots as they say .

[BHM 994]

3 hours ago, David Horgan said:

Hoping you choke on a fortune cookie shows true feelings doesn't it .

Perhaps NewYearRev should give Ling a taste of her own medicine, point his missile in her direction & let rip with his warhead!

Edited April 12, 2020 by BHM

[LINGsCARS 24]

David Horgan, you still haven't said where you are, where this town is where the locals are turning on the Chinese takeaway? The Chinese people there are probably from Hong Kong by heritage, and probably have never set foot in China. It'll be the slanty eyes that are kicking the locals off, eh?

I guess the locals are binning all their kitchen appliances, their lawnmower, their lightbulbs, their Tv and media centres, their computers, laptops and monitors, their electric toothbrushes and their mobile phones, as well as all the remote controls, their fridge, dishwasher, a lot of their clothes, their spectacles, their calculator, their camera, etc etc and most of the rest of the contents of their houses..

These people are going to have very simple frugal, xenophobic lives, soon.

 

Nice to know you've decided on the "blame". It's a shame everyone else doesn't have such fantastic worldwide access to evidence and facts, like you do. Your wisdom and knowledge is amazing.

[Rory RSC 596]

To be honest I know quite a few Chinese takeaway owners and sales are massively down.

it has happened since Corona and I think it’s sometimes sub concious. Plus the general population are pretty thick a lot of the time.

why have sales of Corona beer taken such a hammering it’s just an unfortunate name. 

[David Ayers 171]

Wouldn’t sales of any kind of takeaway be down at the moment.

Hardly “essential” is it.

 

[LINGsCARS 24]

3 minutes ago, Rory RSC said:

Plus the general population are pretty thick a lot of the time.

You are hitting the nail on the head, there.

These idiots are in every country though... not just the UK. How anyone's country of birth affects anything is nonsense..., unless they are unreformed holocaust deniers, or Japanese Imperialists or right wing neo-nazis or left wing socialist nutters, or Tommy Robinson types making the claims. 

[metcars 397]

18 minutes ago, David Ayers said:

Wouldn’t sales of any kind of takeaway be down at the moment.

Hardly “essential” is it.

 

Speak for yourself!

[Rory RSC 596]

54 minutes ago, David Ayers said:

Wouldn’t sales of any kind of takeaway be down at the moment.

Hardly “essential” is it.

 

Before lockdown but since corona. It’s hit Chinese takeaways hard. 
even chinatowns were emptier prior to lockdown. It’s because of thick people.

[New year revolutions...... 197]

1 hour ago, Rory RSC said:

Before lockdown but since corona. It’s hit Chinese takeaways hard. 
even chinatowns were emptier prior to lockdown. It’s because of thick people.

So you are calling me thick then

2020 is the chinese year of the rat

Remind you anything.?