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Can the Chinese government access WeChat accounts?
I guess, from a technological angle, any government, including China, the US, Russia, Japan, the UK, etc., can access to those accounts on social media apps, and actually, more than just social media accounts.The mentality of this question might be to seek another proof of “Chinese government’s censorship on its people” stuff. But pls take this into consideration, on WeChat only, as stated here:Number of monthly active WeChat users from 2nd quarter 2010 to 2nd quarter 2017 (in millions)WeChat: number of active users 2017 | Statistic“This statistic shows the number of Tencent's WeChat active accounts from the second quarter of 2010 to the second quarter of 2017. In the most recently reported quarter, Tencent's WeChat had 963 million monthly active users, closing in on 1 billion users.”And here in this Chinese link, it reports that WeChat users have exceeded 1 billion as of Jan. 15, 2018.http://news.ycwb.com/2018-01/15/content_25891065.htmThen, how many government personnel does China have? As of the end of 2015, there were some 7.17 million civil servants in China, including all those in all government sectors. Even there might be of some increase during the past two years, the number won’t jump drastically.Then, we can imagine, even if all the government civil servants do nothing else and just focus on censoring the message on WeChat, excluding other social media platforms such as QQ, Weibo, etc., this is “mission impossibile,” right?So, there are indeed “censorship” to certain extent in China, on those porn infomation, those encouraging violence, drugging, or other immoral or illegal info, etc., and might also be on some so-called “dissidents’ expressing of opinions,” but, as a whole, and as a normal citizen here in China, we are free to use WeChat and can express whatever we’d like to, except those info I mentioned above.
How do I understand BSE and start trading?
GO THROUGH PART 1 OF STOCKS DECODED FOR REFERENCE LINK: Anurag R Nair's answer to What are basic world and historic facts every person should know?STOCKS DECODED PART 2-What is Stock Exchange(SE)?Stock Exchange is an exchange where traders can buy and/or sell stocks(aka shares),bonds and other securities.Bombay Stock Exchange(BSE)- is an Indian SE located at Mumbai . Established in 1875, the BSE is Asia’s first stock exchange and it’s the world's 11th largest stock exchange with an overall market capitalization of $1.7 trillion as of January 23, 2015. More than 5500 companies are publicly listed on the BSE.How are these 5500+ companies divided?Companies are divided into various indices (Sensex being one of the indexes as mentioned in part 1 of my answer)Various indices are calculated based on1)Market capitalization which includesBSE Sensex Index,BSE Mid-Cap Index,BSE Small-Cap Index,BSE-200 Index,Dollex-30 and many more.The stocks in BSE Sensex approximately account for one-fifth of the capitalization of the exchange.2)Type of industries which includes-BSE Auto Index,BSE BANKEX,BSE Healthcare Index,BSE IT Index,BSE Oil and Gas Index,BSE IT Index,BSE Metal Index,BSE Power Index,BSE Healthcare Index,BSE FMCG Index,BSE Consumer Durables Index.If a company like MARUTI is there in BSE Sensex Index then it can’t be there in BSE Auto Index.So Conclusion—BSE and Sensex are different, one is the stock exchange and another one is the Index which comes under BSE which includes various other indices.Now coming to how Sensex is computed-Sensex includes top 30 companies as per the market capitalization which is listed on BSE.Calculation part for Sensex Index is explained in STOCKS DECODED PART 1 ,but these list of 30 companies gets revised in every quarter, i.e 3 months.Suppose Co 1 to Co 30 are there in the decreasing order of Total free floating capitalization(TFFC). Now suppose cumulative Total free floating capitalization of these 30 Companies =Rs 1,00,00,000(1 crore) at the end of first quarter of 2016 and Sensex Index=25000 at the same time.And suppose TFFC of Co 30=Rs 1,00,000(1 lakh) at the end of 1st quarter .Now Co 31 did well in the 1st quarter with a Total free floating capitalization=Rs 2,00,000 which is greater than the TFFC of company 30 but less than that of Co 29 .So now Co 31 enters into the top 30 companies of BSE(which we call new Top 30) and Co 30 goes out.But now the cumulative TFFC of the new Top 30 = (Rs 1,00,00,000-Rs 1,00,000+Rs 2,00,000)= Rs 1,01,00,000(1 crore 1 lakh).Now on the first day of 2nd quarter 0f, 2016 Sensex will indicate some different value.What will be the new value?For a TFFC of Rs 1,00,00,000 Sensex Index= 25000So for a TFFC of Rs1,01,00,000 Sensex Index=25250 (Ratio Proportion)Conclusion- Top 30 companies are not fixed and similar calculation is done after every quarterly report when there is a chance for”n” number of companies to get into top 30 listHope this helps ,suggestions are always welcomed .Stay tuned for more such explanation on various other topics.Till then “Stay Curious”.
How is the convergence of low economic growth, low inflation and low interest rates in the US since the Great Recession bad? It is being called an economic rut that we are stuck in.
Low GDP growth is bad, very bad, because shortfalls perpetuate indefinitely.To quantify “low:” it is real growth less than 3.2% per year, long the routine level of U.S. real growth and affirmed by the Trump Administration’s real growth objective of 3%+.For example, Between q1 2016 and q2 2018, U.S. real GDP growth missed objective by $298, 781 million, That “hole” in GDP will perpetuate into the indefinite future because there are no practicable do-overs or catch up. The comparatively small miss adds to a $2 trillion shortfall accumulated since 2008.Low interest rates and low interest rates were “bad” because they were symptoms of the economy “loafing” because of oversaving and slack demand. Despite low interest rates on deposits and low interest rates on loans, households kept accumulating savings in bank accounts at greater than nominal growth objective rate (5%: 3% real plus 2% inflation), while borrowing at far less than 5 % objective. Excess savings averaged about $374 billion per year and the drag of under borrowing averaged about $250 billion per year. We missed GDP growth objective by less than $150 billion per year, so teasing out a portion of this lost demand would have reached objective. Note that inflation was not “low,” but pretty close to the U.S. Federal Reserve’s 2% objective, leaving little headroom.The metaphor “rut” is too broad, because we missed growth objective in specific locales, industries and time period. Achieving the additional $150 billion or so per year in growth requires precision - as instantiated by MBO (management by objective) and MBE, management by exception. In the 2016-mid 2018 study period, We missed objective eight out of nine quarters by an average of only -$37,348 million (almost invisible compared to a GDP ofabout $18,000,000 million. We “won” 2nd quarter 2018 by +$44,108.7 billion.These GDP numbers in this response originate from the BEA’s (U.S. Bureau of Economic Analysis) online “Regional” GDP and Personal Income reporting services. Unlike national GDP reporting more commonly cited, regional data supports drill down to industry and U.S. state. For example, The U.S.’s largest industry category, Real estate, renting and leasing, between 2016 to 2nd quarter 2018 grew in real terms by $94,291 million, but missed growth objective by $70,740. Other industries have their own track records. Drill down to industry and state is needed to avoid fixing what “ain’t broke” while apply suitable measures (and strategic communications) in dealing with other industry/state combinationsLooking ahead, the U.S. Congressional Budget Office (and others) forecast a ten year revival of “low growth, “ but one that causally is quite different. Rather than being demand-constrained, we will be labor and productivity constrained. Again, that constraint is not a “rut” but will have variable impact across industries and locales. The BEA recently published prototypical County level “regional” GDP reports for 3,300 U.S. counties (for years 2013–2015), which if successfully produced on a more timely basis will be very important in getting away from metaphors and into marketing and market specific perspectives within MBO and MBE
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