VIP Class Notes (Tibo) [S+W]

5 years ago we didn’t pay much attention to the traditional holidays but recently the government wants to maintain the traditional culture and develop the special culture in China so they lead the tendencies of social to pay more attention to traditional holidays.

The Chinese valentines day originated from the love story but this holiday is not to celebrate the couples , many girls will wish themselves to be smart good at some handcraft skills on July 7th.
Actually not special for me, we knew some habits and special events of the holiday but the chinese valentines day you should buy some presents for lovers it is a commercial event. In Ancient China this is for girls to wish themselves to be more smart and improve their skillset.

The milestone of the changing is the Jiaoshang bank
The finance service of banks is replaced by some internet companies like Alibaba and JD and xiaomi.

the government wants to support the commercial so 1 week ago they capped the maximum rate of loans, it is 15,4%. it is much lower than before.
Some financial companies

they need cash-flow to open new stores  so they mortgage coffee machines to financial companies and pay the rent per month

5 years ago we didn’t pay much attention to the traditional holidays but recently the government wants to maintain the traditional culture/ promotes and develop the special culture in China so they lead the tendencies of people to pay more attention to traditional holidays. / they advertise /push forward traditional holidays.

The Chinese valentines day originated from the love story but this holiday does not celebrate the couples , many girls will wish for themselves to be smart good at some handcraft skills on July 7th. / it is a day on which girls reflect on themselves and how to improve.
Actually not special for me, we knew some habits and special events of the holiday but the chinese valentines day you should buy some presents for lovers it is a commercial event. In Ancient China this is for girls to wish themselves to be smarter and improve their skillset.

The milestone for the change is the Jiaoshang bank
The finance service of banks is replaced by some internet companies like Alibaba and JD and xiaomi.

the government wants to support the economy so 1 week ago they capped the maximum rate of loans, it is 15,4%. it is much lower than before.

China has many legends because of its long history and various minorities. Amazing natural views and attractive local legends are both important for popular trip destinations. The great wall, which was built by lots of large stones, is one of the most famous tourist sites. It is hard to imagine how to build such a huge construction more than 2500 years ago without any devices.
The legend of Meng Jiangnv talks about Meng’s husband who went thousands of miles away to build the Great Wall just 3 days after their wedding, and then her husband died soon because of an illness, Meng went to the Great Wall after hearing/after she heard  this bad news and found her husband had been buried under the Great Wall. She was so sad and kept crying day and night, three days later, the Great Wall collapsed. Meng jumped into the sea with her husbands’ body at last.

Feb. 14th is Valentine’s Day in the western world, Jul. 7th of Chinese traditional calendar is local Valentine’s Day. This holiday originated from a love story legend that a fairy went to the human world and got married without getting her father’s permission, then, she was brought back to heaven. After that, lots of magpies would gather and link the worlds of the fairy and her husband so that they could meet once a year on Jul.7th on the magpies’ bridge.

Vocabulary

organ (n) : parts inside the body that has a vital function
Some of his organs are failing so he will have to be  cryogenized / put in ice

cryogenics (n) 低温学
I work in cryogenics

to cook the books : fake financial statements such P&L
We need to cook the books to pretend we make a lot of money

mortgage (v/n) 抵押
I mortgaged my kidney to buy an iPad Pro
I couldn’t pay back the mortgage and they took my kidney

state owned companies (n) : companies owned by the state
Most banks are state owned

convergence (n)
We see a convergence

to converge (v) : get closer   / tend to meet a a point
The tech industry and the finance industry have been converging

divergence (n): when things get farer and garer
There was a divergence between religion and the state at some point in history

cash back : you get a % back
the credit card has a 1% cash back so if you spend 100 you get 1 back.

loan shark :(n) financial company lending money at very high rate
In China loan shark cannot lend at more than 15.4%

collateral (n) 有担保的
under collateralized loan are normal in banks

lunar calendar (n) calendar based on the moon
The festival is based on the lunar calendar