Politics China's Economy and Politics

[Picanha]

How long do you think it will take until this crisis is overcome?

I think the real question is: How long will it take to digest the debt? This is not a situation where you can simply digest the debt through growth because growth has been created by debt – and there isn’t any sort of organic growth within the economy.

China will have no choice but to become more repressive, more closed, colder»

In her new book «Wild Ride», China expert Anne Stevenson-Yang argues that China’s experiment with capitalism has failed. In this in-depth interview, she explains why Beijing is now closing the Chinese economy again – and what the consequences are for the financial markets.

themarket.ch

 

[Hiryu2.0]

Chinese tech chief quits after berating her staff for daring to moan

Baidu is one of China's largest tech companies, running the country's leading search engine, and is often seen as the country's equivalent to Google.

www.dailymail.co.uk

 

[Redav]

China took a significant step this Saturday in strengthening its energy leadership with the acquisition of exploration rights for several oil and gas fields in Iraq.

China expande poder energético com conquista no Iraque

A China deu um passo significativo este sábado no reforço da liderança energética com a aquisição dos direitos de exploração de vários campos de petróleo e gás no Iraque.

eco.sapo.pt

 

[colin traveller]

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Era of Mao ....

 

[Hiryu2.0]

 

[Hiryu2.0]

US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico

The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade...

finance.yahoo.com

 

[Picanha]

The communist cycle begins....

https://www.reuters.com/world/china/chinas-fiscal-revenue-shrank-27-jan-april-amid-shaky-economic-recovery-2024-05-20/

 

[Hiryu2.0]

Chinese vice-premier calls on cities to buy back residential land, unsold homes

He Lifeng stressed the need to ‘carry on the battle’ to surmount the risks that unfinished and unconstructed homes represent, as the health of the property market is tied closely to social wellness and economic development.

www.scmp.com

 

[Hiryu2.0]

Should You Buy China Tech ETFs Following David Tepper & Michael Burry?

Most China tech ETFs have turned around lately after a slump. David Tepper's Appaloosa is betting big on Chinese tech stocks. Michael Burry too has been binging on Chinese tech shares.

finance.yahoo.com

 

[Picanha]

Yes sure buy China ETFs. Good investment. In the end it's again mentioned - low performance.

Plus you help Xis dictatorship in the end.

New anti spy law poses big problems. German pharma companies struggle to control the GMP (good manufacturing practice) of their Chinese suppliers.

This is mandatory by law. But companies fear that their employees might get arrested.

Medikamente: Große Probleme bei Arzneimittelkontrollen in China – Pharmabranche besorgt - WELT

Das geänderte Anti-Spionage-Gesetz in China hat Auswirkungen auf die Kontrolle von Arzneimitteln vor Ort. Mehrere Bundesländer setzen fällige Inspektionsreisen aus, wie aus einer Umfrage hervorgeht. Die Pharmaindustrie zeigt sich alarmiert.

www.welt.de

Mind you this is in addition to the problems of the due diligence inspectors.

 

[Picanha]

Oil producers pumped billions into China for scam climate protection projects. And let the consumer pay it. On top of the fuel price for climate protection.

Naturally nothing was done in China as satellite images show.

What is wrong with those people? Why not do things elsewhere like over here? And do good and useful things.

Millionenbetrug bei Klimaschutzprojekten in China?

Mit Klimaschutzprojekten in China können deutsche Ölkonzerne ihre gesetzlich vorgegebenen Klimaziele erreichen. Doch viele davon existieren gar nicht.

www.zdf.de

China is a giant scam attracting manager scammers.

 

[primer]

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Hyundai heavy machinery. Not made in China. Some place in India. The worm turned some time ago for the Koreans, experts in getting the most out of human labour..

 

[Connaught Ranger]

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[Redav]

Globalization was awesome, right?

Retired army general's chilling warning over China's chokehold on US military: 'We need to prepare for war'
Chinese manufacturers dominate supply chains for U.S. armaments industry
"'If we were in a war with China and it stopped providing parts, we wouldn't be able to build the planes and weapons we needed,' he said.
A startling report released earlier this year revealed Chinese firms have a stranglehold across 12 critical technologies that are vital to US national security, including nuclear modernization, hypersonic and space technologies.

The study, which was carried out by defense software firm Govini, delivered a damning indictment on the American armaments industry.
'U.S. domestic production capacity is a shriveled shadow of its former self,' the report said.
'Crucial categories of industry for U.S. national defense are no longer built in any of the 50 states.'"

https://www.dailymail.co.uk/news/article-13551371/China-military-supplies-war.html

 

[Picanha]

https://www.reuters.com/world/china/chinas-ccb-cuts-pay-headquarters-staff-by-least-10-sources-say-2024-07-01/

now add that a bmw which costs 40k in the West sells for 24k in China..

Commie fans see this as a perk but it's not it indicates commercial and economic weakness.

They're pretty broken.

 

[Picanha]

German government stopped sale of MAN ES to China Longjian company.

FDP economic expert Reinhard Houben sees this positive

https://fundscene.com/fdp-wirtschaftspolitiker-begruesst-verbot-von-man-deal-mit-china/

MAN ES produces gas turbines the chicoms are naturally interested in that tech. But hey no.

Figure it out yourself than you can start world domination plan no 2.

 

[Redav]

Sry for the off topic but every time in read FDP i have to laugh

 

[Picanha]

Hope his mom had a better job....

 

[NebrHogger]

Big trouble in little China... all of China, actually.

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[Mark Sman]

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That was more interesting than I thought it would be. But the video title is total clickbait.