Comments by "D W" (@DW-op7ly) on "Inside China Business" channel.

  1. the Chinese don’t believe in zero-sum game type of thinking They viewed the Americans as partners, probably still view them as partners they can work with in the future Kind of like waiting for Meloni going to China to reset recently But at this time they have to view the USA as an unreliable partner. But one who might reset relations in the future 👇 US-China tech war: Beijing's secret chipmaking champions How Washington's sanctions boosted China's semiconductor sector MAY 5, 2021 Plan B So far, Yangtze Memory, also known as YMTC, has remained under the radar of the U.S. government. But the company is taking no chances. With the guidance of Beijing, it has launched a massive review of its supply chain in an effort to find local suppliers -- or, at least, non-U.S. ones -- to replace the current dependence on American technology. The collective effort has occupied over 800 people, full time, and including staff from its multiple local suppliers, for two years. And they have not finished yet. YMTC is seeking to learn as much as it can about the origin of everything that goes into its products, from production equipment and chemicals to the tiny lenses, screws, nuts and bearings in chipmaking machinery and production lines, multiple sources familiar with the matter said. The audit extends not only to YMTC's own production lines, but also to suppliers, suppliers' suppliers, and so on. "The review is as meticulous as knowing where the screws and nuts are coming from, the lead time, and if those parts have alternatives," one person familiar with the matter told Nikkei Asia. The purge of YMTC's supply chain has been handled with the spirit of a national emergency. Based in the city of Wuhan, the effort did not pause even when the virus epicenter was ravaged by COVID-19 last spring. While the rest of the city endured a brutal quarantine, high-speed trains remained in service to ferry YMTC employees to its $24 billion 3D NAND flash memory plant that began producing chips in 2019. All the while, delivery trucks for critical chipmaking materials drove to and from the production campus. Nikkei Asia
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  2. Oh boy, I have dabbled in crypto currency and made money.... But thats young man's game these days
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  3.  @gk.4102 that’s true but that printing of money does not disappear… long story short, much of it ends up as debt on central bank balance sheets to eventually be dumped on the public
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  4. Taiwan should have put their foot down Grown a backbone and said no In a China invade Taiwan scenario One excuse that would have been used is “the world has to protect Taiwan or we will be cut off from advanced chips “ “You mean the ones TSMC is making in the USA”
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  5. China is the bad guy because they did not kowtow and do Plaza Accord 2.0
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  6.  @astroganov you really should compare the ethnic minorities in China vs the USA You go to China acting like you deserve respect for being a foreigner They go to the USA knowing they will get no respect being a foreigner these days
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  7.  @maggiechan33 there are probably still Chinese around when our 8 western countries semi colonized China and traded opium to it in return for its treasures I’m surprised the Chinese especially older Chinese don’t have more animosity towards westerners
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  8. Depends in 50 years we are suppose to run out of oil In 50 years (well China 35) the USA, EU, China which make up the bulk of EV are suppose to be able to meet their lithium needs through recycling. Sodium Ion Batteries might just stay with energy storage
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  9. BTW It's actually Soda Ash that the USA has. Just in huge deposit The Chinese are apparently making synthetic Soda Ash using sodium chloride (salt). But in their desserts they plan to pump seawater into them. And the have the water evaporate create clouds change the environment/ ecosystem. Where there will be left over salt
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  10.  @Buckzoo2030  tons…is slang for “a lot” I have tons of girlfriends
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  11.  @papiso2008  Try this one out 👇 Intel Brags of $152 Billion in Stock Buybacks Over Last 35 Years. So Why Does It Need an $8 Billion Subsidy? What’s to stop the chip-making giant from shoveling taxpayer grants into more stock buybacks? LES LEOPOLD Mar 27, 2024 Common Dreams Intel, the largest chip maker in America, with 2023 revenues of $54 billion, has just been awarded an $8.5 billion grant from the federal CHIPS and Science Act, plus $11 billion in favorable loans. In addition to badly needed microchips, Intel produces totally useless stock buybacks. On its website the company proudly proclaims to have spent $152 billion on stock buybacks since 1990. That’s not a typo: $152,000,000,000. Which is why I call it "Stock Buybacks Я Us." Intel took $152 billion of its revenues, some portion of which could have been used for R&D and building new microchip facilities in the U.S. as well as paying workers more, and instead funneled it to its largest Wall Street stockholders and corporate executives, enriching the top fraction of the top one percent. CommonDreams
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  12. Actually the 1%ters and the politicians know how much money that can be made in China China just wasn’t opening up fast enough for them Things like a Common prosperity push real estate crackdown does not help either Their idea to get at those Chinese savings. Get them buying their 4th and 5th homes right about now Because the 1%ters and their multinational corporations want to be the ones loaning out that money, selling their goods and services to those Chinese consumers And the way to do it is a trade war Because it’s a zero sum game mentality for them 🙄 👇 Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value – or 15-26% of world GDP – by 2040. McKinsey
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  13. Mastercard JV Approved to Begin Domestic Payments Processing in China November 20, 2023 Download (opens in new window) Mastercard cardholders in China will soon enjoy seamless payment experiences at home and abroad BEIJING-(BUSINESS WIRE)- Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China. Mastercard
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  14. China smart love is to have no gold stored in the USA
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  15.  @ensaw5486  ​​⁠ ​​⁠Actually China has managed to make a homegrown Lithography machine albeit one that creates legacy type/level 28nm chips Where they are using their proprietary layering/patterning technique to get down to that 7nm/5nm So yes one could argue they are behind from a sanctioning standpoint But from an all out war standpoint where a Country has been cut off from inputs from other countries? I look at it as a China is ahead Because really that is the worst case scenario the USA/West is envisioning. As that being the reason they have sanctioned/cut off China right now That’s the biased criteria we put on China they need to be making that 100% homemade semiconductor chip From that 100% homemade Lithography machine right down to the screws and Rare Earths required to make the lithography machines in the first place Where ASML sources 85% of what goes into making their lithography machines from around the world
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  16. There is now 27 books published that says we copied from them 👇 Why was China erased from Western memory The remarkable history of Chinese invention - Why was China erased from Western memory? Article by 龙信明 Introduction Joseph Needham was an English medical doctor and biologist, teaching in England in the 1930s. By an accident of fate he acquired some Chinese students, and was intrigued to hear their claims of so many medical and scientific discoveries having originated in China, rather than in the West. Needham became fully fluent in Chinese, and eventually moved to China in 1942 to investigate these claims and to research the entire history of Chinese invention. That work led to an astonishing voyage of historical discovery. Needham originally planned to write a book cataloguing Chinese inventions, but his first volume barely scratched the surface of his subject. He slowly gatherred many of his students into this enterprise, and they eventually wrote a collection of 26 books, to catalog the history of Chinese discovery. Myth and Misrepresentation It leaves one speechless to learn the vast extent of things invented by the Chinese many hundreds of years, and often several millennia, before they appeared in the West MySingaporeBlogSpot
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  17.  @lucadellasciucca967 that’s because you still believe we are the good guys What’s the worst we can say about China these days??? their so called oppression of Uyghur Muslims? Throwing the extremist into re education camps???? When the USA is currently causing the demise people in 20 countries in just Africa alone Simply because the religion they practice is deemed too strict for Americans liking to Govern that nation When some Muslim Uyghur Chinese committed terrorist acts on Chinese streets Where some Uyghur Chinese were thrown into re-education camps, and some mosques housing extremist were removed The world called it cultural genocide Where some Palestinians escaped their Gaza Ghettos committed terrorist acts on Israeli streets. We in the world call that terrorism, justifying the bombing of Palestinian civilians in their Gaza Ghettos Which begs the question China throws money at their ethnic Uyghur Chinese minority and gives them special rights over the Han majority. (Like the ability to have more than 1 kid when the rule was still enforced back then. Preferential treatment for minorities when it comes to University Education etc) like they do with all their ethnic minority people they consider as Chinese What does Israel consider these Palestinian people as??? As they bomb them in those Gaza Ghettoes Israel forced them into. Yet in this situation, we mostly stay silent on that genocide
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  18.  @lucadellasciucca967  You have no understanding of the Chinese people My guess is you are a white separatist expat who went to Asia/China of all places to find a wife Seriously if you are going to be an expat over there then learn about the country If not for gaaaawds sake, don’t have kids over there… they will be the messed up ones. No thanks to you as the parents 👇 China confronts Europe with an enormous problem: we do not understand it China confronts Europe with an enormous problem: we do not understand it. Worse, we are not even conscious of the fact. We insist on seeing the world through our Western prism. No other tradition or history or culture can compare. Ours is superior to all and others, in deviating from ours, are diminished as a consequence. This speaks not of our wisdom but our ignorance, an expression not of our cosmopolitanism but our insularity and provincialism. It is a consequence of being in the ascendant for at least two centuries, if not rather longer. Eurocentrism – or perhaps we should say western-centrism – has become our universal yardstick against which, in varying degrees, all others fail. Our western-centric value-judgements about China must no longer be allowed to act as a substitute for understanding the country in its own terms. This is no easy task. China is profoundly different from the West in the most basic of ways. Perhaps the most basic difference is that it is not a nation-state in the European sense of the term. Indeed, it has only described itself as such since around 1900. Anyone who knows anything about China is aware that it is a lot older than that. China, as we know it today, dates back to 221BC, in some respects much earlier. That date marked the end of the Warring States period, the victory of the Qin, and the birth of the Qin Empire whose borders embraced a considerable slice of what is today the eastern half of China and by far its most populous part. For over two millennia, the Chinese thought of themselves as a civilization rather than a nation. The most fundamental defining features of China today, and which give the Chinese their sense of identity, emanate not from the last century when China has called itself a nation-state but from the previous two millennia when it can be best described as a civilization-state: the relationship between the state and society, a very distinctive notion of the family, ancestral worship, Confucian values, the network of personal relationships that we call guanxi, Chinese food and the traditions that surround it, and, of course, the Chinese language with its unusual relationship between the written and spoken form. The implications are profound: whereas national identity in Europe is overwhelmingly a product of the era of the nation-state – in the United States almost exclusively so – in China, on the contrary, the sense of identity has primarily been shaped by the country’s history as a civilization-state. Although China describes itself today as a nation-state, it remains essentially a civilization-state in terms of history, culture, identity and ways of thinking. China’s geological structure is that of a civilization-state; the nation-state accounts for little more than the top soil. China, as a civilization-state, has two main characteristics. Firstly, there is its exceptional longevity, dating back to even before the break-up of the Roman Empire. Secondly, the sheer scale of China – both geographic and demographic – means that it embraces a huge diversity. Contrary to the Western belief that China is highly centralised, in fact in many respects the opposite is the case: indeed, it would have been impossible to govern the country – either now or in the dynastic period – on such a basis. It is simply too large. The implications in terms of the way the Chinese think are profound. In 1997 Hong Kong was handed over to China by the British. The Chinese constitutional proposal was summed up in the phrase: ‘one country, two systems’. Barely anyone in the West gave this maxim much thought or indeed credence; the assumption was that Hong Kong would soon become like the rest of China. This was entirely wrong. The political and legal structure of Hong Kong remains as different now from the rest of China as in 1997. The reason we did not take the Chinese seriously is that the West is characterised by a nation-state mentality, hence when Germany was unified in 1990 it was done solely and exclusively on the basis of the Federal Republic; the DDR in effect disappeared. ‘One nation-state, one system’ is the nation-state way of thinking. But, as a civilization-state, the Chinese logic is quite different. Because China is so vast and embraces such diversity, as a matter of necessity it must be flexible: ‘one civilization, many systems’. The idea of China as a civilization-state is a fundamental building block for understanding China in its own terms. And it has multifarious implications. The relationship between the state and society in China is very different to that in the West. Contrary to the overwhelming Western assumption that the Chinese state lacks legitimacy and is bereft of public support, in fact the Chinese state enjoys greater legitimacy than any Western state. We have come to assume that the legitimacy of the state overwhelmingly rests on the democratic process – universal suffrage, competing parties et al. But this is only one element: if it was the whole story, then the Italian state would enjoy a robust legitimacy rather than the reality, a chronic lack of it. And to explain this we have to go back to the Risorgimento as only a partially fulfilled project. The reason why the Chinese state enjoys a formidable legitimacy in the eyes of the Chinese has nothing to do with democracy but can be found in the relationship between the state and Chinese civilization. The state is seen as the embodiment, guardian and defender of Chinese civilization. Maintaining the unity, cohesion and integrity of Chinese civilization – of the civilization-state – is perceived as the highest political priority and is seen as the sacrosanct task of the Chinese state. Unlike in the West, where the state is viewed with varying degrees of suspicion, even hostility, and is regarded, as a consequence, as an outsider, in China the state is seen as an intimate, as part of the family, indeed as the head of the family; interestingly, in this context, the Chinese term for nation-state is ‘nation-family’. Martin Jacques
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  19.  @topsuperseven7910 stop making up facts The USA has to borrow 1 trillion every 100 days It will take Canada with it when it goes down
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  20.  @ssuwandi3240  you would start an exodus of capital/selling of dollars or a civil war if you forced American citizens to pay for that US External Sovereign Debt Doing so would turn those dollars in wealth into pennies in wealth As the class action happy American people are the biggest holders/creditors, of that debt (indirectly/directly) That you have added to the plus side of the American peoples balance sheet You must be one of those progressive far left folks who think that debt is really an asset on your balance sheet Yeah until that IOU becomes worthless
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  21.  @FallenLeavesReturnToRoots  For the west it’s about China closing itself off to their Multinationals, especially the USA It not about trade deficits because Americans tend to consume more than they produce So when the USA trades with XYZ country they will have trade deficit with them Our western countries /multinational corporations want MORE or BETTER access to Chinese domestic markets, even though in 2018 when trump started his trade war, just US multinationals based in China alone and their subsidiaries, had 392 billion in sales for their goods and services in China In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities Which their Government in 2010 started to crackdown on this speculation Which our western 1%ters and their multinational corporations don’t like They wanted those overheated real estate markets. They want those Chinese buying their 4th and 5th homes right about now (Even though there is a few hundred million less well off rural folks, who they are expecting to migrate to the cities where they can’t find affordable housing as Property Developers build higher end homes that make them more money) That’s because our western 1%ters and their multinational corporations want to be the ones loaning out that money for those homes Getting at those high Chinese saving's getting them to spend them on their goods and services and then borrowing to spend some more like they did to us (although we are also at fault as we played our part) 👇 Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value – or 15-26% of world GDP – by 2040. McKinsey
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  22.  @FallenLeavesReturnToRoots  What most people don’t get? Is it is mostly US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies mostly trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These US multinationals are still using the same highly polluting labour intensive factories formula. As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia. Or more and more automation in their wholly owned factories in China these days These are the same companies who got those trump Corporate tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales of their goods and services into those Chinese domestic markets in 2018 when trump started his trade war Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war Same companies whose HQ is in a North American city you can easily go stand outside and protest at…. Why didn’t China pull the nuclear trade option and boot these US companies you might ask? For one, it would crash the US Economy And the Chinese don’t believe in a zero-sum game type of thinking As I can show you during the trade war. China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie. But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP
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  23.  @striker44  are you the typical Indian intellectual ? There is now a 27 book series on Chinese inventions that says we copied or stole from them These days the Chinese lead in 37 of 44 critical technologies of the future The narrow minded view? Is to concentrate on the 7 technologies that China does not lead in…. Then arguing they can’t innovate 👇 Why was China erased from Western memory? The remarkable history of Chinese invention - Article by 龙信明 Introduction Joseph Needham was an English medical doctor and biologist, teaching in England in the 1930s. By an accident of fate he acquired some Chinese students, and was intrigued to hear their claims of so many medical and scientific discoveries having originated in China, rather than in the West. Needham became fully fluent in Chinese, and eventually moved to China in 1942 to investigate these claims and to research the entire history of Chinese invention. That work led to an astonishing voyage of historical discovery. Needham originally planned to write a book cataloguing Chinese inventions, but his first volume barely scratched the surface of his subject. He slowly gatherred many of his students into this enterprise, and they eventually wrote a collection of 26 books, to catalog the history of Chinese discovery. Myth and Misrepresentation It leaves one speechless to learn the vast extent of things invented by the Chinese many hundreds of years, and often several millennia, before they appeared in the West. MySingaporeBlogSpot
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  24.  @striker44  If you are among the best and brightest Indians then how come you don’t know this? 👇 IP Theft Is What Once Helped Make America Great That was certainly the case for the United States. The practice of grabbing intellectual property was a staple of U.S. economic strategy since the outset of the nation’s founding. The play Hamilton has brought new and deserved respect to the first secretary of the treasury. But his many economic achievements should not blind us to the fact that theft of intellectual property was a linchpin of his manufacturing strategy. RealClearMarkets
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  25.  @lzl4226  The US FED can and has taken up that US Sovereign debt issued by the US Treasury where it also has tried to dump that debt which helped to cause the US FED to come back in and buy back that debt although the Pandemic was a big reason The US FED had to bailout the TooBigTooFail banks once again in the repo markets in Q3 of 2019 before the pandemic hit us
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  26.  @mark4371  are you stooopid it’s well known the USA has to borrow a few trillion a year to prop up the economy With only mid 30% of Americans being reading and math proficient at the age 15 . You probably have not been taught those facts about your own country 🙄
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  27. I read China has lent out way more money than the official statistics state great story and info in the video
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  28. The process is highly polluting it takes 2000 tons of waste water to get 1 ton of refined rare earths
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  29. It's been drilled into the American public the Chinese are the bad guys. So any FDI from the Chinese to the USA is a National Security Risk, Concern, Intrest, Review etc That was with a Chinese takeover, merger, partnership of an existing US corporation. Now imagine a Chinese Company bringing over its own technology the horror!!!!!!!
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  30.  @chriscain7333  ​​⁠never moves? There was a stock market bubble (and then crashes) in China in 2007 and one in 2015 Yes Only about 14% of the people invest in Chinese stocks Their stock market has no market makers, 85% trades are done by these retail mom and pop investors and 81% of these people trade atleast once a month. Even worse most Chinese stock investors, are not well educated in a society who puts very high importance on education As 67% of the people who invest in stocks have less than a highschool education With that said ??!?! That should tell you any bull market will be overbought And any bear market will be oversold If you don’t understand that Best you put your money in a balanced mutual fund with conservative stock picks
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  31.  @TheGreatAmphibian  US-China tech war: Beijing's secret chipmaking champions How Washington's sanctions boosted China's semiconductor sector MAY 5, 2021 Plan B So far, Yangtze Memory, also known as YMTC, has remained under the radar of the U.S. government. But the company is taking no chances. With the guidance of Beijing, it has launched a massive review of its supply chain in an effort to find local suppliers -- or, at least, non-U.S. ones -- to replace the current dependence on American technology. The collective effort has occupied over 800 people, full time, and including staff from its multiple local suppliers, for two years. And they have not finished yet. YMTC is seeking to learn as much as it can about the origin of everything that goes into its products, from production equipment and chemicals to the tiny lenses, screws, nuts and bearings in chipmaking machinery and production lines, multiple sources familiar with the matter said. The audit extends not only to YMTC's own production lines, but also to suppliers, suppliers' suppliers, and so on. "The review is as meticulous as knowing where the screws and nuts are coming from, the lead time, and if those parts have alternatives," one person familiar with the matter told Nikkei Asia. Each supplier is assigned a score for geopolitical risk, identified in many pages of documents detailing the components they use in its machines. YMTC has sent engineers to audit local equipment suppliers' production sites to verify that the origins of parts have been truthfully reported, one of the people told Nikkei. American-made parts are scored highest for risk, followed by parts bought from Japan, Europe and those made locally, the person said. Meanwhile, suppliers are asked to provide corrective action reports to explain how they can together diversify procurement and find alternatives. Nikkei Asia
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  32.  @TheGreatAmphibian  The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese Where their Government was trying to get their people to switch to homegrown chips before the sanctions China is now expected to take over those legacy chip markets If the USA was smarter instead of cutting off China from semiconductor chips and equipment for manufacturing They should have themselves and their allies, lowered prices even more, and dump even more chips on China Instead their idea was to force the hand of Chinese people at the time content with cheap imported chips. Hope they could not innovate When there is now a 7 volume 27 book series on what China invented first that says the world copied from them And China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing over 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year, within the products they export 👇 How Close Is China to World Dominance in Legacy Semiconductors? 27-02-2024 | By Paul Whytock * Bread and Butter Technology Obviously, China would like to be a major player when it comes to high-end sophisticated semiconductor devices, but that doesn’t mean they are not interested in the bread-and-butter end of the market, particularly when it comes to legacy products. In fact, they are very interested in the legacy market, and there are some very good reasons why. Legacy devices make up a huge amount of global chip sales. Most chips manufactured today are not advanced chips but legacy chips, and around 71% of devices * China's Aggressive Expansion in the Semiconductor Industry In September 2023, Reuters reported that China was set to launch a new state-backed fund aimed at raising about €43bn to support its chip industry, and according to research analysts, the Rhodium Group, in less than ten years, China is expected to domestically add nearly as much 50–180nm wafer manufacturing capacity as the rest of the World. The views of industry analysts and observers vary, but generally speaking, it’s thought that 22 wafer fabs are being built in the country, and there is an overall plan to create a total of 30 new wafer fabrication plants. Many of these will concentrate on the production of legacy devices. As for market share, industry intelligence gatherers Trendforce believe China’s legacy chip manufacturing base could provide as much as 30% of the global demand for older devices. ElectroPages
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  33.  @TheGreatAmphibian  What’s the rush China will eventually get there You are transferring our western thinking on how they think If the USA is forcing the Chinese to start from scratch Then the Chinese can go right down to the most basic Rare Earths that go into those Lithography machines and semiconductor chips In most cases Countries are not refining enough, at all, or the heavy rare earths So China could play the same game But they don’t believe in zero-sum game type of thinking Well not yet 👇 Circumventing the Chokepoint: Can the US Produce More Rare Earths? Oct 30, 2023 * Rare earths—which include the fifteen lanthanide series elements plus scandium and yttrium—are critical not only to energy technology like permanent magnets in electric vehicles and offshore wind turbines but also to military applications like lasers and precision-guided weapons. These elements enable defense equipment and weapons system components to function. From 1950 to October 2018, China filed 25,911 rare earth patents, while the United States filed only 9,810. Thus, China can also restrict rare earth technology. In April 2023, for instance, Nikkei Asia reported that China was considering restricting exports of rare earth magnet technology New Security Beat
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  34.  @huveja9799  he is an American, giving the facts. Must not be easy to report the USA dropping the ball/shooting itself in the foot/blowback after blowback since Nixon went over to China in 1972 I can relate I was pro American until the 1990s. USA was doooong stoooopid after stooooopid back then also But back then it was still USA Number 1 Rah Rah Sis Boom Ba ​​⁠ ​​⁠in the late 1980s I was warning about Free Trade and the push for Globalization Especially when it came to the rise of CCP China. This was before their GDP was even a blip on the radar. When 88% of the population was knee deep in the mud of the family rice plot or making 1 dollar a day on a factory floor yet was getting laughed at and called a CCP 50 cent army poster. Must be a Communist Trai tor, for sure against Capitalism For Kevin atleast most of the people who subscribe or watch his videos understand what he is talking about. Or at least will fact check what he is saying To me it was already too late in the 1990s These days most of what I see is just the wrong solutions to a rising China As people who don’t want to believe act like suddenly woah oak snow fl aches Like we had no clue 50 years ago
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  35.  @TheGreatAmphibian  Your assumption is they would just lie 👇 On 12 April, China's experimental advanced superconducting tokamak (EAST), known as the 'artificial sun', set a new world record and successfully achieved a steady-state high-constraint mode plasma operation for 403 seconds. The previous record was 101 seconds, set by EAST in 2017.Apr 13, 2023 world-nuclear-news
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  36.  @TheGreatAmphibian  There is now a 27 book series on Chinese inventions that says we copied or stole from them These days the Chinese lead the world in 37 of 44 critical technologies of the future The narrow minded view? Is to concentrate on the 7 technologies that China does not lead in…. Then arguing they can’t make those innovations 👇 The remarkable history of Chinese invention - Why was China erased from Western memory? Article by 龙信明 Introduction Joseph Needham was an English medical doctor and biologist, teaching in England in the 1930s. By an accident of fate he acquired some Chinese students, and was intrigued to hear their claims of so many medical and scientific discoveries having originated in China, rather than in the West. Needham became fully fluent in Chinese, and eventually moved to China in 1942 to investigate these claims and to research the entire history of Chinese invention. That work led to an astonishing voyage of historical discovery. Needham originally planned to write a book cataloguing Chinese inventions, but his first volume barely scratched the surface of his subject. He slowly gatherred many of his students into this enterprise, and they eventually wrote a collection of 26 books, to catalog the history of Chinese discovery. Myth and Misrepresentation It leaves one speechless to learn the vast extent of things invented by the Chinese many hundreds of years, and often several millennia, before they appeared in the West. MySingaporeBlogSpot
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  37.  @TheGreatAmphibian  Wake-Up Call': China Leads in 37 Out of 44 Critical Technology Sectors, Says Report The Australian Strategic Policy Institute has pointed out that only seven of the 44 technologies analysed by its report are currently led by a democratic country, 'and that country in all instances is the US.' The Wire Staff Mar 09, 2023 New Delhi: China is far ahead of even the United States in conducting cutting-edge research in most critical technologies, especially in defence, space and security, a new report by a top Australian think tank has found. In the report published on March 2, the Australian Strategic Policy Institute shows that China has “built the foundations to position itself as the world’s leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains”. TheWire
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  38.  @DailyBeatings  probably an older codger like me But a typical zero-sum game thinking American Probably does not know that he literally would be dropping like a fly, if China actively participated in a trade war with the west without 400 thousand Chinese drug labs we would go without the Alzheimer’s, Diabetes, Cancer, Heart Disease drugs and more etc etc etc That’s because they supply us with the essential ingredients that go into the Worlds Pharmaceutical drugs 👇 U.S. officials worried about Chinese control of American drug supply "Basically we've outsourced our entire industry to China," retired Brig. Gen. John Adams told NBC News. "That is a strategic vulnerability." If China shut the door on exports of medicines and their key ingredients and raw material, U.S. hospitals and military hospitals and clinics would cease to function within months, if not days," said Rosemary Gibson, author of a book on the subject, "China Rx." NBCNews 👇 China's lock on drugs Two pillars of Trump administration policy – combating the soaring prices for prescription drugs and equalizing the U.S. trade imbalance with China – appear to be on a collision course, drug and foreign policy experts say. That's because the key ingredients for so many essential drugs, from antibiotics and birth control pills to treatments for cancer, depression, high cholesterol and HIV/AIDS, are purchased from China, says Rosemary Gibson, co-author with Janardan Prasad Singh of a new book called "ChinaRx: Exposing the Risks of America's Dependence on China for Medicine." CNBC
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  39.  @hermon1415  Americans have lost that pioneer ethos Instead it’s everyone wins everyone gets a participation ribbon mindset…. No one fails When you say it will take time? That is failure for the average American and time to give up Because to them it’s about instant gratification these days or else nothing at all 👇 What is the Dunning-Kruger effect? When we don't know enough to know what we don't know. * So goes the reasoning behind the Dunning-Kruger effect, the inclination of unskilled or unknowledgeable people to overestimate their own competence. LiveScience 👇 Why we overestimate our competence Social psychologists are examining people's pattern of overlooking their own weaknesses. Cross-cultural comparisons Regardless of how pervasive the phenomenon is, it is clear from Dunning's and others' work that many Americans, at least sometimes and under some conditions, have a tendency to inflate their worth. It is interesting, therefore, to see the phenomenon's mirror opposite in another culture. In research comparing North American and East Asian self-assessments, Heine of the University of British Columbia finds that East Asians tend to underestimate their abilities, with an aim toward improving the self and getting along with others. These differences are highlighted in a meta-analysis Heine is now completing of 70 studies that examine the degree of self-enhancement or self-criticism in China, Japan and Korea versus the United States and Canada. Sixty-nine of the 70 studies reveal significant differences between the two cultures in the degree to which individuals hold these tendencies, he finds. In another article in the October 2001 Journal of Personality and Social Psychology (Vol. 81, No. 4), Heine's team looks more closely at how this occurs. First, Japanese and American participants performed a task at which they either succeeded or failed. Then they were timed as they worked on another version of the task. "The results made a symmetrical X," says Heine: Americans worked longer if they succeeded at the first task, while Japanese worked longer if they failed. There are cultural, social and individual motives behind these tendencies, Heine and colleagues observe in a paper in the October 1999 Psychological Review (Vol. 106, No. 4). "As Western society becomes more individualistic, a successful life has come to be equated with having high self-esteem," Heine says. "Inflating one's sense of self creates positive emotions and feelings of self-efficacy, but the downside is that people don't really like self-enhancers very much." Conversely, East Asians' self-improving or self-critical stance helps them maintain their "face," or reputation, and as a result, their interpersonal network. But the cost is they don't feel as good about themselves, he says. Because people in these cultures have different motivations, they make very different choices, Heine adds. If Americans perceive they're not doing well at something, they'll look for something else to do instead. "If you're bad at volleyball, well fine, you won't play volleyball," as Heine puts it. East Asians, though, view a poor performance as an invitation to try harder. Interestingly, children in many cultures tend to overrate their abilities, perhaps because they lack objective feedback about their performance. For example, until about third grade, German youngsters generally overrate their academic achievement and class standing. This tendency declines as feedback in the form of letter grades begins. But researchers also have shown significant cross-cultural differences in youngsters' performance estimates--American children, it appears, are particularly prone to overestimate their competence. APA
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  40.  @hermon1415  reminds me of the time my son played this teammate who immigrated from China in a racquet sport My son had won a Provincial title around that time let the kid only score 1 point on him in the first game then bagled him (o) in the next game If that happened to my son he probably would have given up … partly from embarrassment partly because he didn’t like the sport that much And we here in the west can’t force our kids to do something especially if they don’t like it 2 years later he was beating my son As I saw how hard this kid practiced and my son lost his passion for the sport. Our attitude Okay go do something you like to do Thats is the difference between how we think in the west and they think in the east
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  41.  @MrStevemur  The difference between the USA and China is in Q3 of 2019 The US FED was bailing out those TOOBIGTOFAIL banks in their repo markets less their credit markets seize up once again A few things we learned since the 2008 subprime crisis 1) Buying for US debt is not unlimited. In 2013 the US FED had to buy 71% of the newly issued external Sovereign debt by the US Treasury 2) That Quantitative Easing (QE)debt that was soaped up/printing of money, that debt does not disappear Since we know from Q3 of 2017 to Q3 of 2019 the FEDs bright idea was to allow 50 to 60 billion of the Agency Debt and US Treasury Debt it soaped up during QE to slowly mature each month, off the FEDs balance sheet. Their Quantitative Tightening (QT) Where the US Treasury would issue new corresponding debt for the public to buy. Where with this QT selling they managed to dump about 600 to 700 billion in debt on the American “people” As the American “people” are the biggest buyers of US Sovereign Debt (directly/indirecty) That QT selling ended during Q3 of 2019 Because that selling of debt ended up helping to freeze up the repo market Just like when it happened in 2008/2009 during the subprime crisis Thus the FED balance sheet went from 4.5 trillion to about 3.8 trillion.with that selling from 2017 to 2019 But then the FED had to come back in QE 2.0 and buy that Treasury debt again, all that they dumped and more Last I checked they ran that FED balance sheeet back up to over 8 trillion. Now it’s back to around 7.8 trillion Wait you might ask Agency debt is internal debt not supposed to be backed by the US Government Well the USA has had no issue with taking private internal debt and turning it into External Sovereign Debt backed by the US Government and the American “people” Something the Chinese might have been tempted to do with the Junk Bonds issued by those Chinese Property Developers That were a hot commodity the last few years, sought after by sophisticated foreign investors In short the Chinese purposely deflated their real estate markets. Cut off money to its Property Developers since 2010. And didnt bailout foreign investors who took a risk buying those Property Developer junk bonds the last few years While the USA left their real estate market to implode. Kept the stimulus/bailout money flowing to the companies, and bailed out foreign investors who invested in private internal debt 👇 As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas. The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury’s most recent “Report on Foreign Portfolio Holdings of U.S. Securities.” FreedomWorks President Matt Kibbe commented, “The prospectus for every GSE bond clearly states that it is not backed by the United States government. That’s why investors holding agency bonds already receive a significant risk premium over Treasuries.” “A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors.” “It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors.” “A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics.” FreedomWorks
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  42. Learn to do a little research. Start with PPP
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  43. Americans are so uneducated these days dont understand Purchasing Power Parity the Chinese are averaging over 820 billion a year in trade surpluses with the world. Most of that trade, even if it is not directly with America, will be in USD yet they are buying Gold with their surpluses instead, and have held at that 800 billion to 1 trillion in US Sovereign Debt for a few decades now Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead. (What’s 4 houses vs 5 This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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  44. Has China Restored Private Land Ownership? The Implications of Beijing’s New Policy By Donald Clarke May 16, 2017 Full Private Land Ownership Returns to China’s Cities I don’t see how to read this other than as a promise of perpetual free renewals. This means that people who paid for a 70-year LUR now find themselves with a perpetual LUR: the equivalent of full fee simple ownership. That’s worth noticing. Law professors typepad
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  45. Good News For Chinese Homeowners: Premier Li Offers Some Clarity On Land Leases Mar 21, 2017 Chinese homeowners can breathe a little easier. Last Wednesday, Premier Li Keqiang said a real estate protection provision that would ensure individual’s access to property under a 70-year lease would be renewed unconditionally is being drafted. This will help to quell ongoing fears that wealth garnered from one generation will be removed after the 70-year lease ends by the government. And while this does not address the fate of 20-year leases, the precedent set in Wenzhou may be replicated in other areas. Residential land lease policy Chinese residential land is parceled out in 20- or 70-year leases. Home owners may own their apartment, but do not own the land it is built on, which belongs to the government. The question of how the land lease will be renewed is therefore a big question. While the 2007 Property law stated that the right to use residential land would be renewed at the expiration of the contract, it did not state how the process would be carried out or how much it might cost to renew the lease. As 20-year leases come due, homeowners want to know what to expect for the future of their oftentimes largest asset. This impacts not only bequeathing property to the next generation, but also selling property. The first 70-year leases are expected to expire around 2030. Reassurances on the longer leases from the central government follow after Chinese officials in the land ministry assured homeowners in Wenzhou, a city in the eastern Zhejiang province, last December that they would not have to pay a renewal fee to continue to use their residences after the shorter 20-year lease expires. The was a reversal of earlier statements that homeowners would have to pay a large fee of up to a third of the property value to renew. Wenzhou’s case was unique in that fees for property renewal were quite high; other cities, such as Qingdao and Shenzhen, experienced earlier lease expiries, but did not address the issue or requested lower fees. Wenzhou may set a precedent for other Chinese cities by waiving the renewal fee, albeit only temporarily. The lease renewal process matters How central and local governments shape the lease renewal process is critical in maintaining stability in property markets. I believe that the lease renewal process must be codified in a law to make it clear and consistent. Otherwise, a patchwork of policies among local governments, with regard to the 20-year lease, will sow confusion and create strong market biases toward cities with lower renewal fees. Furthermore, lease renewal should at least be affordable, although analysts hold various opinions as to whether or not it should be free. Notably, across China, 90% of households own their homes, and home ownership is especially important because there are few other reliable investment outlets available to households. Most individuals have not factored the cost of lease renewal into their home price, and a high renewal fee would present a large initial shock to home owners. Low fees are a double-edged sword Allowing homeowners to renew leases for a low fee or without paying a new fee is a double-edged sword, however, since local governments obtain funds from selling and leasing land. Abolishing the fees wholesale would result in a drop in much-needed local government revenue, which in some places is already insufficient to support the many services local governments are tasked with. A property tax would resolve this. However, such a tax has been in the making for the past several years but has yet to be implemented, most likely due to concerns that this would dampen the real estate market. China’s Vice Housing Minister, Lu Kehua, stated last month that China needs to “speed up” a property tax law, yet there was no discussion of this at the recent National People’s Congress. Previous experiments implementing a property tax in Chongqing resulted in confusion about how bills were to be paid and how they were to be administered. Still, potentially replacing land use fees with a property tax makes sense Forbes
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  46. The growing hate Americans have for even their own EVs tells me the WV industry will falter in the USA
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  47. What are you talking about the Chinese have a pension And they are transferring money and assets from State owned enterprises to fund their Pensions 👇 Through a central coordination mechanism, over 930 billion yuan ($147.58 billion) from the national pool went to make up for the shortfalls of local pension schemes last year alone. China's basic old-age insurance, a key program to ensure people's well-being after retirement, has been evolving to a larger-scale management system since its establishment in the 1990s. The central coordination mechanism was set up in 2018 as the first step prior to building a national system to further address unbalanced pension burdens nationwide. But issues deriving from disparities in regional economic development and demographic structure still exist. "Some regions have more surpluses, while the others with older populations are under heavier pressure to make pension payments," said Qi Tao, an official from the Ministry of Human Resources and Social Security. In 2021, over 210 billion yuan from the coordination mechanism went to the central and western regions as well as the northeastern "rust belt" provinces, as a greying population weighs on their pension payments and growing labor outflows squeeze pension income. Using a nationwide chessboard as a metaphor, the head of the China Association of Social Security Zheng Gongcheng said the new national system will make the pension benefits fairer. "People won't need to sacrifice their pensions for migrating to work, and retirees won't have to deal with the risks from local pension fund shortfalls." Qi said a mechanism that assigns the respective expenditure responsibilities of central and local governments on pension funds will be built after the national program comes into force and the central government will not roll back its subsidy to the pension funds. Apart from the coordination efforts and central subsidy, state assets totaling 1.68 trillion yuan from 93 centrally-administered enterprises and financial institutions have also been transferred to replenish the pension schemes. GOV . CN
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  48. Laaaaaap dog countries… literally latching themselves on a sinking ship
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  49.  @kkay2000  yes…. I forgot about that But then the Japanese are subservient to the USA. With that said they are/will for sure make a show of it… especially if the USA offers up financial incentives But probably won’t build their most advanced ships in the USA if they ever get to that point Making it a useless vanity project
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  50. Yes… like I mentioned collective action clauses are intended to keep Sovereign nations from being tied up in court for years upon years. Not be able to issue new Sovereign debt less the proceeds be seized because a minority of creditors are holding out (usually vulture funds) But the majority of class action happy American “people”/biggest creditors buyers of that debt are not going to let the US Government default/$creeew them over for 10s upon 10s of trillions of dollars China can just piggy back off those class action lawsuits To me the 800 billion is just the right amount.
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