Forums > Living in Kunming > Carrefour Giving Up On China Carrefour is selling and 80% stake, does not necessarily mean that stores will close. Initially stores and staff will be absorbed by the new owner Sunning. For those areas that do not currently have a Sunning presence, t first all that will change will be the name on the door.
Forums > Living in Kunming > Carrefour Giving Up On China Tesco did have a JV in China, but they pulled out several years ago.
Forums > Living in Kunming > Carrefour Giving Up On China Airless holes. I think that sums up a lot of superstores/hypermarkets, in many parts of the world, that are located in a larger multistorey shopping complex. True for Walmart, Homemart, Sunning, Metro, and other places I have visited.
Forums > Living in Kunming > Bike registered - Selling second hand The authorities have been trying to control the ebike market for several years and previous attempts have not been successful. This time I believe it will be successful.
Almost daily I see police with a recovery/flatbed vehicle seizing unregistered machines. There seems to be a clear mandate to get the no longer legal ebikes off of the road.
Like @JanJal, I thing the main issues have been around safety. When I first came to China in 2004 ebikes were small, light, and only did about 20kph. I also believe they were only 12 v.
Now ebikes are bigger and heavier than a gas scooter, 72V and capable of over 60kph, and still no license, insurance, or training is required to ride one.
I have been hit by an ebike once, whilst riding my bicycle, and nearly been wiped out on at least two other occasions by kamikaze ebike riders.
I have seen several ebike crashes caused by riders who do not have proper control of their vehicle (using feet as brakes, slamming on the front bike causing a low-side and dropping the machine, panicking and just freezing as they plow into other vehicles), this is a training issue. Alternative, let the untrained ride smaller and slower machines.
The market needed controlling. Yes there will be some waste, but in the next 4 years some sanity will quickly return to the streets and cycle paths.
The alternatives are to let the 'arms race' (bigger faster ebikes) and carnage continue, or do what other cities have done and ban ebikes and bikes from downtown (more cars would be the pattern, not desirable), or let the old bikes die through natural wastage (bureaucratic and uncontrollable).
Forums > Living in Kunming > Bike registered - Selling second hand It looks like the police are actively trying to phase out the older machines.
Report: Yunnan bonds shaky
Posted byI checked and it was still available yesterday. Not sure of minimum period. But three months makes a nice change from the usual minimum of 12.
Report: Yunnan bonds shaky
Posted byYes this is a high tisk period, and yes there have been problems in the past, but I think the HuaXia bank scandal last year put the cat among the pigeons for wealth management schemes in China.
Because there are so few investment opportunities, combined with so few people willing to invest, and with recent regulatory changes the banks need to/have to move money in the markets. This has opened up some more attractive products at the moment.
We have just been offered 5.5% projected annual growth for a wealth management product, and get this, the principle is protected (you cannot lose your original investment). You can invest for limited periods too. We invested for 3 months, as we have some spare cash for that period. I think you can invest for as little as one month.
NB This is not a recommendation for people to go out and invest, it is just a bit of information on another related trend in the market at the moment.
Volunteers needed to help Lufeng schools
Posted byI can't help feeling the participation/contributions to the event would have been higher with a different title to the article. I am cynical, TIC afterall.
Yunnan raises minimum wage
Posted byDon't hit the guy in front.
Don't hit government vehicles.
Yunnan raises minimum wage
Posted byStop on red IF there is a traffic cop standing there.