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
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