https://www.bloomberg.com/news/articles/2020-03-23/china-s-mobile-carriers-lose-15-million-users-as-virus-bites
Apparently it's about 20 million mobile phone subscriptions canceled
over the course of January and February combined. Except they have 1.6
Billion mobile subscriptions. That's about 0.6% drop each month. If
you had 2000 subscribers that'd be like 12 cancelling in January and 12
cancelling in February. You would probably notice, but it's not as
insane as the raw number would imply.
They have a workforce of around 750,000,000.
https://tradingeconomics.com/china/employed-persons
Their unemployment rate went from 3.6% in December to 6.2% in February.
https://www.cnbc.com/2020/03/16/china-economy-millions-lose-their-jobs-as-unemployment-spikes.html
A change of 2.5%, which is 18,750,000 people. How many of them paid for
a phone for a spouse/kid/girlfriend?
Sorry, I'm thinking that 20,000,000 mobile phone subscriptions lost
actually seems to add up just fine.
On 3/24/2020 4:14 PM, Matt Hoppes wrote:
Regarding the China numbers... there are 3 Chinese mobile telephone
companies, all owned by the government.
In February, they reported a TOTAL (all 3) loss of 10 million + lines.
Now, you can attribute some of those to job loss... but not all of them.
Deaths? I suspect the death count in China is massively underreported.
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