Where are the missing 7 million people? 4/4
China Telecom - Mobile Users
Jan 2020: +430,000
Feb 2020: -5,600,000
https://www.chinatelecom-h.com/sc/ir/kpi.php
To sum up, all three major telecom service providers record a huge decrease in the number their mobile customers.
= =-862000-7254000-1186000+430000-5600000
=-14472000
(excluding China Unicom Feb 2020’s data)
alone in February, the decrease is -12854000
So some may argue that this is just due to the collapse of businesses, and therefore fewer mobile contracts needed, or people becoming too poor to have a mobile network, etc. Well if you imagine that 14mio people needed to cut the mobile lines, the situation is pretty bad too.
Source: LIHKG
https://lih.kg/1935093
#ChinaMobile #ChinaUnicom #ChinaTelecom #MobileUsers #Coronavirus #Wuhan
China Telecom - Mobile Users
Jan 2020: +430,000
Feb 2020: -5,600,000
https://www.chinatelecom-h.com/sc/ir/kpi.php
To sum up, all three major telecom service providers record a huge decrease in the number their mobile customers.
= =-862000-7254000-1186000+430000-5600000
=-14472000
(excluding China Unicom Feb 2020’s data)
alone in February, the decrease is -12854000
So some may argue that this is just due to the collapse of businesses, and therefore fewer mobile contracts needed, or people becoming too poor to have a mobile network, etc. Well if you imagine that 14mio people needed to cut the mobile lines, the situation is pretty bad too.
Source: LIHKG
https://lih.kg/1935093
#ChinaMobile #ChinaUnicom #ChinaTelecom #MobileUsers #Coronavirus #Wuhan
#Newspaper
Number of Users of China’s Three Major Telecom Drops Drastically
Analysis: Sim Card Users Drop Under the Epidemic
(20 Mar) China’s three major telecom companies announced that the number of mobile users has decreased by about 14.402 million since the beginning of the year. The data plunge caused netizens to wonder whether it reflects that the actual number of deaths in China due to COVID-19 is much higher than the official figures. A netizen pointed out that “a dead person can’t pay the monthly fee”, and some thought it might be due to the shutdowns or layoffs, which caused the termination of monthly plans.
Every individual can apply for a maximum of 5 phone numbers in China. Under the coronavirus pandemic, China has completely shut down at the start of the year. Workers may have stopped topping up their sim cards during this time, which caused a decrease in users in the first two months of the year. However, the actual situation can not be confirmed.
Fred Wong, CFA founder and chief investment officer of eFusion, believes that many people own more than one sim card nowadays. The coronavirus pandemic would have affected the total number of clients, but the impact on monthly plans is considerably smaller compared to prepaid sim cards, which have a larger drop in number. The pandemic seems to be under control in China at the moment, it is believed that the total number of China Mobile users will bounce back to normal levels.
Source: Apple Daily
https://bit.ly/2WPb3RQ
#Coronavirus #ChinaMobile
Number of Users of China’s Three Major Telecom Drops Drastically
Analysis: Sim Card Users Drop Under the Epidemic
(20 Mar) China’s three major telecom companies announced that the number of mobile users has decreased by about 14.402 million since the beginning of the year. The data plunge caused netizens to wonder whether it reflects that the actual number of deaths in China due to COVID-19 is much higher than the official figures. A netizen pointed out that “a dead person can’t pay the monthly fee”, and some thought it might be due to the shutdowns or layoffs, which caused the termination of monthly plans.
Every individual can apply for a maximum of 5 phone numbers in China. Under the coronavirus pandemic, China has completely shut down at the start of the year. Workers may have stopped topping up their sim cards during this time, which caused a decrease in users in the first two months of the year. However, the actual situation can not be confirmed.
Fred Wong, CFA founder and chief investment officer of eFusion, believes that many people own more than one sim card nowadays. The coronavirus pandemic would have affected the total number of clients, but the impact on monthly plans is considerably smaller compared to prepaid sim cards, which have a larger drop in number. The pandemic seems to be under control in China at the moment, it is believed that the total number of China Mobile users will bounce back to normal levels.
Source: Apple Daily
https://bit.ly/2WPb3RQ
#Coronavirus #ChinaMobile
China Mobile, Telecom, and Unicom will be delisted as U.S. ban investment in Chinese military-related firms
The New York Stock Exchange announced on 31 Dec. 2020 that China Mobile, China Telecom, and China Unicom Hong Kong will be delisted so as to comply with President Trump’s November executive order, which prohibits U.S. capital from investing in Chinese military-linked firms. NYSE will suspend their ADR trading from 7th to 11th of January, after which they will be delisted.
President Trump’s executive order will become effective at 9 a.m. ET on 11 Jan., prohibits U.S. individual investors, investment firm, and pension funds from trading or investing in the stocks or derivatives of 31 Chinese firms. In addition to the three telecommunication companies mentioned above, Huawei, Hikvision, China Communications Construction, and China Railway Construction are included as well. The order also stipulates that U.S. investors will not be allowed to hold any securities products of these 31 Chinese firms on or before 11 Nov. 2022.
#NewYorkStockExchange #ChinaMobile #ChinaTelecom #ChinaUnicom #Huawei #ExecutiveOrder #USChinaRelation #ExecutiveOrder
Source: Stand News #Jan01
https://bit.ly/2N2ctp2
The New York Stock Exchange announced on 31 Dec. 2020 that China Mobile, China Telecom, and China Unicom Hong Kong will be delisted so as to comply with President Trump’s November executive order, which prohibits U.S. capital from investing in Chinese military-linked firms. NYSE will suspend their ADR trading from 7th to 11th of January, after which they will be delisted.
President Trump’s executive order will become effective at 9 a.m. ET on 11 Jan., prohibits U.S. individual investors, investment firm, and pension funds from trading or investing in the stocks or derivatives of 31 Chinese firms. In addition to the three telecommunication companies mentioned above, Huawei, Hikvision, China Communications Construction, and China Railway Construction are included as well. The order also stipulates that U.S. investors will not be allowed to hold any securities products of these 31 Chinese firms on or before 11 Nov. 2022.
#NewYorkStockExchange #ChinaMobile #ChinaTelecom #ChinaUnicom #Huawei #ExecutiveOrder #USChinaRelation #ExecutiveOrder
Source: Stand News #Jan01
https://bit.ly/2N2ctp2