Dear President Trump: America's economic problems are not caused by China. I help you find out why. Take action now! Dear Mr Trump: Big companies are pushing hard. You can't imagine the difficulties of small and micro enterprises in China, it's a big quantity.

The causes of the global economic crisis and financial crisis have been found...

glow sticks

Let's first look at some of the following reports:

[Tencent's second-quarter net profit was 24.136 billion yuan, up 35% from the same period last year]. Tencent Holdings released its second-quarter earnings in 2019. According to the financial report, Tencent's revenue in the second quarter was 88.821 billion yuan, up 21% year-on-year, and its net profit was 24.136 billion yuan, up 35% year-on-year. Wechat and WeChat's merged monthly active accounts reached 1.133 billion, an increase of 7% over the same period last year. QQ has an active monthly account of 707 million smart terminals.

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Tencent's latest report shows that the salary cost in the first half of 2019 was 24.259 billion yuan, the number of employees was 56.31 million, and the average half-year salary was 430.8 million yuan. From a single quarter perspective, in the first quarter of 2019, Tencent employees'quarterly salary was 212.7 million, or 70.9 million a month. In the second quarter of 2019, Tencent employees'quarterly salary was 218,800 yuan, or 727,000 yuan a month.

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Alibaba Group today released unaudited financial results for the first quarter of fiscal year 2020 as at 30 June 2019, showing that its second quarter revenue was 114.424 billion, up 42% from the same period last year, and its net profit, which was not measured in accordance with General Accounting Standards of the United States, was 30.949 billion, up 54% from the same period last year. Zhang Yong, CEO of Alibaba Group, said, "Alibaba has achieved an excellent quarter, the user base continues to expand, and the annual active consumers amount to 674 million, which fully demonstrates our excellent user experience."

Facebook's revenue in the second quarter was $16.886 billion, up 28% from $13.231 billion in the same period last year, and its net profit was $2.616 billion.

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Again: Beijing Huatang Mall is closed, Beijing Daxing Wangfujing Mall is closed, and many retailers are facing closure.

The causes of the global economic crisis and financial crisis have been found...

How many businesses can survive the winter when another American retailer falls?

The causes of the global economic crisis and financial crisis have been found...glow sticks

Like the first bankruptcy, high rents are the main reason why Barnes recently filed for bankruptcy. Its flagship store rent on Madison Avenue jumped from about $16 million to $30 million in January, wiping out almost all of Barnes'pre-tax depreciation and amortization profits.

Coresight Research data show that U.S. retailers have announced the closure of 7,062 stores so far this year. By the end of 2019, that number could exceed 12,000, a new record.glow sticks

In recent years, under the impact of Amazon-led business technology enterprises, the real retail business has been greatly impacted. In a challenging new environment, veteran retailers have to face a series of problems, such as struggling physical stores, huge debts and inefficient operation.

Like the first bankruptcy, high rents are the main reason why Barnes recently filed for bankruptcy. Its flagship store rent on Madison Avenue jumped from about $16 million to $30 million in January, wiping out almost all of Barnes'pre-tax depreciation and amortization profits.

Respected President Trump of the United States

Mr. Niu of gmtlight believes that the widespread use of Internet technology is the cause of the global economic crisis and financial crisis. Internet technology has redistributed or is redistributing social wealth, a small number of enterprises are rich in oil, and a large number of enterprises are struggling, failing or already failing.  The strong is the king. The new technology gathers social wealth. Does the government want to do something about a few of these enterprises?

The causes of the global economic crisis and financial crisis have been found...  Yuanfang, what do you think?

Yuanfang was speechless. Tencent's monthly salary is 70,000 yuan. May I ask Ms. Dong Mingzhu, who is the product manufacturer, what's the monthly salary of your factory?

The global economic crisis Is from Internet？glow sticks