Comments by "D W" (@DW-op7ly) on "Japan Pulls Off an Early Chip Victory" video.
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China cracks down on property speculation
Source:Global Times Published: 2010
The Chinese government has raised the down payment for second-home buyers to a minimum 50 percent of the value from 40 percent, in a bid to curb property speculation.
The decision was announced in a statement released Thursday after conclusion of an executive meeting of the State Council, the Cabinet, presided over by Premier Wen Jiabao, on Wednesday.
First-home buyers must pay no less than 30 percent of the the property price if the area is above 90 square meters, the statement said.
The government was stepping up the introduction of tax policies to influence purchases and adjust property investment returns, said the statement.
Nationwide, land use for the construction of low-income housing, shanty town renovation and small and medium-sized homes (below 90 square meters) should account for at least 70 percent of the land approved for property development, the statement said.
It also urged local authorities to accelerate housing construction approvals to ensure effective land supply, and crack down on land hoarding and speculatory behavior.
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Nothing wrong with having debt
It’s if you can pay it off or not
That US external Sovereign Debt you can’t just sweep under the table
And America has shown they have no problem converting internal debt into external debt
As for what the Chinese do with their internal debt?
👇
China's Creative Accounting: How It Buried Its Debt and Forged Ahead with Stimulus
What is China's secret? According to financial commentator Jim Jubak, it may just be "creative accounting" -- the sort of accounting for which Wall Street is notorious, in which debts are swept off the books and turned into "assets." China is able to pull this off because it does not owe its debts to foreign creditors. The banks doing the funding are state-owned, and the state can write off its own debts.
Jubak observes:
China has a history of taking debt off its books and burying it, which should prompt us to poke and prod its numbers. If we go back to the last time China cooked the national books big time, during the Asian currency crisis of 1997, we can get an idea of where its debt might be hidden now.
The majority of bank loans, says Jubak, went to state-owned companies -- about 70% of the total. The collapse of China's export trade following the crisis meant that its banks were suddenly sitting on billions in debts that were clearly never going to be paid. But that was when China's largest banks were trying to raise capital by selling stock in Hong Kong and New York, and no bank could go public with that much bad debt on its books.
The creative solution? The Beijing government set up special-purpose asset management companies for the four largest state-owned banks, the equivalent of the "special purpose vehicles" designed by Wall Street to funnel real estate loans off U.S. bank books. The Chinese entities ultimately bought $287 billion in bad loans from state-owned banks. To pay for the loans, they issued bonds to the banks, on which they paid interest. The state-owned banks thus got $287 billion in toxic debt off their books and turned the bad loans into an income stream from the bonds.
Sound familiar? Wall Street did the same thing in the 2008 bailout, with the U.S. government underwriting the deal. The difference was that China's largest banks were owned by the government, so the government rather than a private banking cartel got the benefit of the arrangement. According to British economist Samah El-Shahat, writing in Al Jazeera in August 2009:
China hasn't allowed its banking sector to become so powerful, so influential, and so big that it can call the shots or highjack the bailout. In simple terms, the government preferred to answer to its people and put their interests first before that of any vested interest or group. And that is why Chinese banks are lending to the people and their businesses in record numbers.
In the US and UK, by contrast:
banks have captured all the money from the taxpayers and the cheap money from quantitative easing from central banks. They are using it to shore up, and clean up their balance sheets rather than lend it to the people. The money has been hijacked by the banks, and our governments are doing absolutely nothing about that. In fact, they have been complicit in allowing this to happen.
HuffPost
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Btw you are not a real American you ran away as the NVA won the war
These days ethnic Chinese dominate the Vietnamese economy and Vietnam is dependent on the Chinese economy
Plus they have 1 big ace up their sleeve
👇
Weaponizing Water: How China Controls the Mekong
Despite these record lows for the Mekong river in Southeast Asia, the upper Mekong in China’s Yunnan province received above-normal rainfall. Even though climate change does play a role in the Mekong’s fading banks, it is the construction of dams, not a lack of rain, that is most detrimental.
As of now, China has completed 11 dams with many more at various levels of planning and competition. Laos has two operational dams on the river with plans to build at least seven more while Cambodia has two in various stages of construction. The dams in both Laos and Cambodia are financially backed by China through its Belt and Road Initiative and intend to export much of this electricity to China. This shows China’s influence and determination to produce electricity from the river at any cost and its ability to pressure other nations, whose people want the river undammed, to comply.
Through the damming of the Mekong, China is using what has been termed “hydro-diplomacy” to exert control over Southeast Asia, bringing the threat of further economic and environmental ruin to its southern neighbors. With China’s dams in the Yunnan province alone, China can withhold some 47 million cubic meters of water from flowing downstream. This has the potential to cripple the lifeline of much of Southeast Asia in one swing which China both knows and utilizes to influence the region — especially when it comes to exerting power over America.
DavisPoliticalReview
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Here is the long version
Which you can search up the article
👇
China's Creative Accounting: How It Buried Its Debt and Forged Ahead with Stimulus
What is China's secret? According to financial commentator Jim Jubak, it may just be "creative accounting" -- the sort of accounting for which Wall Street is notorious, in which debts are swept off the books and turned into "assets." China is able to pull this off because it does not owe its debts to foreign creditors. The banks doing the funding are state-owned, and the state can write off its own debts.
Jubak observes:
China has a history of taking debt off its books and burying it, which should prompt us to poke and prod its numbers. If we go back to the last time China cooked the national books big time, during the Asian currency crisis of 1997, we can get an idea of where its debt might be hidden now.
The majority of bank loans, says Jubak, went to state-owned companies -- about 70% of the total. The collapse of China's export trade following the crisis meant that its banks were suddenly sitting on billions in debts that were clearly never going to be paid. But that was when China's largest banks were trying to raise capital by selling stock in Hong Kong and New York, and no bank could go public with that much bad debt on its books.
The creative solution? The Beijing government set up special-purpose asset management companies for the four largest state-owned banks, the equivalent of the "special purpose vehicles" designed by Wall Street to funnel real estate loans off U.S. bank books. The Chinese entities ultimately bought $287 billion in bad loans from state-owned banks. To pay for the loans, they issued bonds to the banks, on which they paid interest. The state-owned banks thus got $287 billion in toxic debt off their books and turned the bad loans into an income stream from the bonds.
Sound familiar? Wall Street did the same thing in the 2008 bailout, with the U.S. government underwriting the deal. The difference was that China's largest banks were owned by the government, so the government rather than a private banking cartel got the benefit of the arrangement. According to British economist Samah El-Shahat, writing in Al Jazeera in August 2009:
China hasn't allowed its banking sector to become so powerful, so influential, and so big that it can call the shots or highjack the bailout. In simple terms, the government preferred to answer to its people and put their interests first before that of any vested interest or group. And that is why Chinese banks are lending to the people and their businesses in record numbers.
In the US and UK, by contrast:
banks have captured all the money from the taxpayers and the cheap money from quantitative easing from central banks. They are using it to shore up, and clean up their balance sheets rather than lend it to the people. The money has been hijacked by the banks, and our governments are doing absolutely nothing about that. In fact, they have been complicit in allowing this to happen.
HuffPost
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First you need to type into a search the difference between internal debt and external debt
👇
Difference Between Internal Debt and External Debt!
The basic character of an internal debt is quite different from that of the external debt. In external debt, at the time of repayment there is a real transfer of resources.
In case of internal debt, however, since it is borrowed from individuals and institutions within the country repayment will constitute only a re-distribution of resources without causing any change in the total resources of the community.
There can, thus, be no direct money burden caused by internal debts since all payments cancel each other out in the aggregate community as a whole. Whatever is taxed from one section of the community servicing the debts is distributed among the bond-holders by way of repayment of loans and interest; and quite often, the tax-payer and the bond-holder may be the same person.
At the most, to the extent that the incomes of tax-payers (in a sense, debtors) are reduced, so will the incomes of creditors/ bond-holders increase, but the aggregate position of the community will, nevertheless, remain the same.
However, internal debt may involve a direct real burden on the community according to the nature of the series of transfer of incomes from tax payers to the public creditors. To the extent the tax-payers and the bond-holders are the same, the distribution of wealth will remain unaltered; hence there will not be any net real burden on the community.
Yourarticlelibrary
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Sino-Vietnamese conflicts (1979–1991)
When the Chinese People's Liberation Army (PLA) withdrew from Vietnam in March 1979 after the war, China announced that they were not ambitious for "any square inch of the territory of Vietnam".[3] However, Chinese troops occupied an area of 60 square kilometres (23 sq mi), which was disputed land controlled by Vietnam before hostilities broke out.[4] In some places such as the area around Friendship Gate near the city of Lạng Sơn, Chinese troops occupied territories which had little military value but important symbolic value. Elsewhere, Chinese troops occupied the strategic positions of military importance as springboards to attack Vietnam.[5]
The Chinese occupation of border territory angered Vietnam, and this ushered in a series of border conflicts between Vietnam and China to gain control of the area. These conflicts continued until 1988, peaking in the years 1984–1985.[6] By the early 1990s, along with the withdrawal of Vietnam from Cambodia and the dissolution of the Soviet Union, the relationship between the two countries gradually returned to normality. By 1991, the two countries proclaimed the normalization of their diplomatic relations, thereby ending the border conflicts.
Wikipedia
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In Defense of Socialism, 1990–1991
After the collapse of socialist regimes in Eastern Europe, the VCP chief and defense minister sought an ideological alliance with China.
As Party Chief Nguyen Van Linh explained to the Chineseambassador to Vietnam on June 5, 1990, the situation was marked by the West’s offensive to eliminate socialismand concurrently the difficulties of the Soviet Union in defending socialism.
In this situation, Linh concluded,
“China should raise high the banner of socialism and stick to Marxism-Leninism.”
Linh and Defense Minister Le Duc Anh hoped that Chinawould take the leadership of the world’s socialist forces;
they indicated to the ambassador that they were ready to meet Chinese leaders to discuss solidarity between the two states to fight imperialism.
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On September 2 that year, Vietnam’s Independence Day, the party and government chiefs did not stay in Hanoi to celebrate the 45th birthday of their state but instead flew to Chengdu, China, for a secret summit with Chineseleaders, the first since the mid-1970s.
The Vietnamese understood that their acceptance
of the time, place, and participants was a sign of deference to China.
Participants included Vietnam’s elder statesman Pham Van Dong but not China’s paramount leader Deng Xiaoping; Foreign Minister Thach was excluded.
During the meeting, the Vietnamese also let the Chinesedictate the terms of negotiation;this should be seen against the background of a decade-long hostility between the two countries.
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The Vietnamese had urgent reasons for taking this approach. At the time, the counterweight of the Soviet Union was no longer available and Vietnam was still isolated, regionally and globally.
In China, Vietnam faced a disproportionately powerful neighbor, and in order to prevent Chinese aggression, Hanoi had to pay deference to Beijing.
It appeared to be the calculation of Pham Van
Dong and, to some extent, Prime Minister Do Muoi.
Yet, as discussed above, General Secretary Nguyen Van Linh had different concerns and priorities.
His primary intention at Chengdu was to discuss how to protect socialism from the West, led by the United States.
Although the Chinese refused to play the solidarity game, Linh and his successors over the next decade kept trying to reestablish the Sino-Vietnamese relationship on an ideological basis.
scribd
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Looks like China could almost pay off its “External” debt on the books, with the loans it has given out to other countries
depending on how much loans they have given out and are hiding from us
👇
How Much Money Does the World Owe China?
Our research, based on a comprehensive new data set, shows that China has extended many more loans to developing countries than previously known. This systematic underreporting of Chinese loans has created a “hidden debt” problem – meaning that debtor countries and international institutions alike have an incomplete picture on how much countries around the world owe to China and under which conditions.
In total, the Chinese state and its subsidiaries have lent about $1.5 trillion in direct loans and trade credits to more than 150 countries around the globe. This has turned China into the world’s largest official creditor — surpassing traditional, official lenders such as the World Bank, the IMF, or all OECD creditor governments combined.
Despite the large size of China’s overseas lending boom, no official data exists on the resulting debt flows and stocks. China does not report on its international lending, and Chinese loans literally fall through the cracks of traditional data-gathering institutions. For example, credit rating agencies, such as Moody’s or Standard & Poor’s, or data providers, such as Bloomberg, focus on private creditors, but China’s lending is state sponsored, and therefore off their radar screen. Debtor countries themselves often do not collect data on debt owed by state-owned companies, which are the main recipients of Chinese loans. In addition, China is not a member of the Paris Club (an informal group of creditor nations) or the OECD, both of which collect data on lending by official creditors.
HarvardBusinessReview
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China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy
JANUARY 9, 2024
Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds.
If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets.
OxfordGoldGroup
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Here is the truth
Take for example if China cut off the essential ingredients that go into the world’s pharmaceutical drugs
going into Medicine you probably take like Alzheimer’s, Diabetes, Heart disease, Cancer drugs, painkillers etc etc etc etc
Old timers like you would for sure be dropping like flies within months if not weeks
But let’s hope for a crash in that country
When it was Conservative Americans like you who Pushed for Globalization, Free Trade and for China to open up
Shot down the voices like mine who warned about a CCP China in the 1980s
But then you were in the China can’t do this or that crowd nothing to worry about China about to crash
And are still doing today
Like the fake narratives you try to push these days
It’s Conservative Americans like you trying to pish. It was the Democrats who wanted to offshore the union jobs of their voting base back then 🙄
These days are just acting like the suddenly wh oke snow fl akes you di slike so much
Typing on your Chinese made gadget
👇
Remarks at a White House Meeting With Business and Trade Leaders September 23, 1985
Thank you very much, and welcome to the White House. I'm pleased to have this opportunity to be with you to address the pressing question of America's trade challenge for the eighties and beyond.
And let me say at the outset that our trade policy rests firmly on the foundation of free and open markets -- free trade. I, like you, recognize the inescapable conclusion that all of history has taught:
The freer the flow of world trade, the stronger the tides for human progress and peace among nations .
Reagan library
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