Youtube comments of D W (@DW-op7ly).

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  18. The Chinese Treasure Fleet in 15th century Philippines * It was the people of our archipelago who discovered Magellan and the Europeans in 1521, not the other way around, as most Filipinos were taught by our grade-school textbooks. Our islands and their inhabitants were well-known to a larger, richer world that of Chinese emperors and scholars and Arab traders, as early as the 9th, even 6th centuries. And certainly by 1000 A.D., our shores were regular ports of call in the trade with China, then the most powerful nation on earth. Chinese chronicles, European archaeologists and the diggings in our pre-colonial burial grounds prove that those ancient Filipinos used fine porcelain, weights and measures imported from China, and recorded written contracts. Chao-Ju-Kua reported that Chinese traders visited Ma-I (Luzon) regularly, leaving silks, porcelain and metal utensils on the beaches of designated islands, and returning weeks later to collect payment in the form of beeswax, gold dust, carabao horn, ginger, cinnamon or garlic. It was an import-export system run on a reliable honor system with unquestioned good faith. * When Magellan’s Spanish Armada hove into view in March 1521, the natives of Homonhon in the Visayas must have taken pity on the small black ships with tattered sails and scruffy, starving, disoriented sailors, for they sent a small rowboat packed with rice, coconuts and bananas to their rescue. On the next island, the white, bearded strangers were feted in a bamboo palace with a banquet of roast fish, pork, turtle eggs and palm wine, by a native king whose queen wore a black-and-white gown, red lips and nails, while a quartet of young, topless damsels played music on various gongs and drums. Those early Filipinos had been more accustomed to the tall, prosperous, Chinese ships with a trio of feathery sails stiffened with battens, for the China trade had been in place for at least 500 years. During the Ming Dynasty, Filipinos enjoyed the visits of the Treasure Fleet (1405-1500) of Admiral Cheng Ho (Zhen He) a huge, 7-ft tall, powerful eunuch, who had built 1,500 massive, 500-ft ships in a giant shipyard in Nanking with the help of 30,000 workers. The luxurious ships, each manned by 1,000 sailors ruled the South Pacific and the Indian Ocean. * But the Chinese were not interested in conquest or territorial aggrandizement. Their purposes were trade and diplomacy. That was what our ancestors expected when they first saw the Spanish Armada. Filipinos had never seen white men before Magellan and never thought the strangers would be as rapacious and predatory as they would prove to be. They assumed the new foreigners to be poor and needy because they had only glass beads, a string of little bells and a red cap (Magellan’s gifts) to reciprocate the native prodigality. The white men were, in fact, so dazzled by the earrings, chains, armlets and anklets, of pure gold, worn by both the native men and women that Magellan had to warn them against showing their covetousness. Philstar
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  40. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  48.  @MrNickjberry you have no clue what you are talking about 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  61.  @MrNickjberry  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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  70. A bit of empathy might even be in order. One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In the United States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs. Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color. BostonGlobe
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  83. Yes Philippines made a claim in the 1960s go read up on it Using the maps from the 15th century from their former Spanish Colonizers China made a claim in the 12th Century before the Philippines was even made a country by their Spanish colonizers But then get your facts straight The Philippines makes a proximity claim and disputes the Chinese historical claim. Arguing against a historical claim and using proximity as its argument The irony is the Philippines makes a historical claim against Malaysia over Sabah land given to them by a previous Sultan for their participation in a war That’s because Sabah is attached to Malaysia and there is a sea that separates the Philippines from Sabah Plus if we are talking proximity I would argue there are a few islands controlled by the Philippines right now that are closer to Malaysia than they are the Philippines 👇 The two main sultanates in the region at the time were Sulu and Brunei. In 1658, the Sultan of Brunei gave Sabah to the Sultan of Sulu - either as a dowry or because troops from Sulu had helped him quell a rebellion. More than 350 years later, the sultan's heirs have come to remind Malaysians that they still consider Sabah to be part of Sulu and, by extension, part of the Philippines. "Sabah is our home," they said simply when asked why they had come. But history is not that simple and of course Malaysia has no intention of giving up Sabah to this little band of Filipinos. The crux of their disagreement lies in a contract made in 1878, between the Sultanate of Sulu and the British North Borneo Company. Under this contract known as pajak, the company could occupy Sabah in perpetuity as long as it paid a regular sum of money. Even today, Malaysia pays about 5,000 Malaysian ringgit (£1,000, $1,500) a year to the Sultanate of Sulu. But the British and, after that an independent Malaysia, interpreted pajak to mean sale, while the Sulu Sultanate has always maintained it means lease. "In my opinion, this is more consistent with a lease rather than a sale, because you can't have a purchase price which is not fixed and which is payable until kingdom come," said Harry Roque, a law professor at the University of the Philippines. BBC
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  98. Do China's ghost cities offer a solution to Europe's migrant crisis? By Wade Shepard * Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space - enough to completely cover Madrid - these places are not the urban wastelands they are often posited to be. While many of China's new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible number of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Strange as it may seem, they are very actively bought and sold in this bare-bones form. In fact, investors often prefer them that way. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn't need to mold a piece of gold into something usable, like a piece of jewelry, for it to have value and an economic function, an apartment in China doesn't need to have people living in it for it to be economically viable. "Empty units leave flexibility for quick sales in a changing market or need to cash in quickly," said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong-based urban design firm. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1 percent or so) is often not worth the hassle - especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80 percent of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don't have any mortgages to pay off or any other leans, so there isn't as much financial pressure to make a profit from these homes in the short term. Additionally many empty apartments have owners who intend to occupy them at some point. A huge number of China's new apartments are located in new development areas, which are, by definition, new. The thinking is if you buy property in these emerging new areas early, you can get a better price. So it's common for people to purchase homes in places that are not yet ready to support a large population with the understanding that they won't be able to inhabit them for many years. Reuters
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  103. The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese Government trying to get their people to use homegrown chips 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 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 China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year 👇 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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  107. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Would India do the same with its untouchables???????
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  132. European Economic Review Volume 144, May 2022, 104079 Asian American Discrimination in Harvard Admissions Among typical applicants, Asian Americans actually have a slightly higher unconditional admit rate than whites. But as we show in Section 3, these unconditional admit rates mask substantial differences in qualifications between the two groups. While it is widely understood that Asian American applicants are academically stronger than whites, it is startling just how much stronger they are. During the period we analyze, there were 42% more white applicants than Asian American applicants overall. Yet, among those who were in the top ten percent of applicants based on grades and test scores, Asian American applicants outnumbered white applicants by more than 45%.2 Of course, Harvard values more than just academics. And here, too, Asian American applicants as a whole perform as well or better than white applicants on most of Harvard’s ratings. But Harvard’s ratings may also be affected by racial preferences and penalties. Indeed, Harvard acknowledges that race, in the form of preferences for under-represented minority groups (URMs), is one of the inputs into the overall rating (Day 4 Trial Transcript, p. 50).3 Consistent with this, we find large racial gaps in the assignment of the overall rating conditional on academic strength. Similar patterns hold for the personal rating, suggesting that this measure is also directly influenced by race. Further, we show that racial groups who have observed characteristics associated with lower overall and personal ratings score higher on these ratings, again suggesting a direct role of race Science Direct
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  135. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  161. The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese Government trying to get their people to use homegrown chips 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 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 China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year 👇 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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  169.  @ilmaio  Btw 30 million cars are sold in China every year 8 million of them were EVs in 2023 Where 300 thousand Chinese EVs were sold in the EU in 2023 This year 10 million EVs will be sold in China in 2024. Probably much less Chinese EVs will be sold in Europe That still will leave 20 million ICE vehicles sold in China this year many of them will be sold by European or American legacy car manufacturers That’s the thing big talkers like you don’t get…. not only does the EU multinational corporations based in China sell 500 billion Euro worth in good and services to the Chinese consumer But these Multinational corporations, make the lions share of the profits exporting their goods from China back to the EU . Inflating those Chinese export figures 👇 Europe's listed firms expect to glean $514 billion in revenue from China LONDON (Reuters) - European listed firms expect to receive 449 billion euros (£392 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows. The data underscores the role China's burgeoning middle class is increasingly playing in determining the corporate and economic health of Europe, as concerns grow that their spending has slowed as Chinese economic growth cools. Among the pan-European STOXX 600 index, consumer firms including Swatch, Richemont and BMW, derived the biggest chunk of revenues from China - with a total of 120 billion euros sales from the country, the analysis based on companies' estimates of their 2019 revenue shows. Reuters
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  172. The slowdown has been engineered by the Chinese for sometime now In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities (What was happening in America o yes you were crashing the world economy with the subprime crisis) By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  188. Yup China isn’t playing ball Our top of the food chain 1%ters and their multinational corporations Don’t want a closed off or slowing China They want those Chinese buying their 4th and 5th homes right about now. They want their companies in China lending that money and selling those goods and services to them. Hopefully get them to spend those high saving and then borrow to spend more like we did in the west. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  190. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  198. Why do you Americans always say the same thing My reply is their debt is mostly internal debt You will reply debt is debt I will reply there is a big 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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  199.  @WG55  he is pointing out the cost of tariffs will be put on the US consumer What most people like you don’t get? Is it is 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? They 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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  200. These Chinese probably figured people buying their 4th and 5th homes right about now when 300 million rural Chinese are still expected to move to the cities would be a bigger problem This why they intentionally slowed down their economy 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  213. ⁠ Sure the Americans may have lost 7 million manufacturing jobs from the height of their manufacturing days. But they gained 53 million service sector jobs 33 million of them higher paying jobs than their manufacturing jobs So with more jobs, more higher paying jobs, and added saving from imported goods did the average American Invest,save, or even throw that money under the mattress????? No they spent those added earnings, and then borrowed to spend some more 👇 The U.S. Lost 7 Million Manufacturing Jobs--And Added 33 Million Higher-Paying Service Jobs It’s also nonsense. The truth is that America has lost some 7 million manufacturing jobs and added some 53 million jobs in services. This is just what happens with advanced economies–it’s easier to increase productivity in manufacturing than it is in services, this is the heart of Baumol’s Cost Disease. As it was easier to increase productivity in agriculture through mechanising it than it was in manufacturing. Thus, over time, the proportion of the workforce engaged in agriculture falls, so too does the proportion in manufacturing. And given that services (with a couple of small adjustments for mining, construction and utilities) is the name we give to all the rest of the economy therefore an increasing portion of the labour force ends up in services. Further, of those 53 million new jobs some 62% of them were in higher paying occupations than those “high paying good jobs” in manufacturing we lost. Yes, really, 33 million higher paying jobs came along to replace those 7 million lost. Which does, when you look at those numbers properly, seem like rather a good deal. Forbes
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  215. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  227. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  268. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  305. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  308. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  335. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  337. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  346. Most people who talk about China have no clue about the country Most Chinese do not invest in the Stock Market because it is considered no better than a Casino They however do invest in their Real Estate 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  379. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  392. another way to look at it 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 the Dutch company ASML sources 85% of what goes into making their lithography machines from around the world. As ASML cuts off China from its technology/patents But then no one thought to go back even farther. Forgetting about the fact 85% of the components are sourced from other places/countries They should have been asking what goes into making those components or the patents on what goes into that component in the first place? 👇 Applications in Semiconductor Manufacturing Lasers and Lithography Lasers are indispensable in semiconductor manufacturing, especially in advanced lithography. REEs like neodymium are used in Nd:YAG lasers, which are critical for UV light generation in lithography processes. Laser Cleaning As semiconductor components shrink, traditional cleaning methods become less effective. Lasers, particularly those using REEs, offer a solution by dislodging particles adhered to wafers through Van Der Waal forces. Magnets and Plasma Material Processing Permanent magnets, often made from REEs like neodymium, are used in plasma material processing systems. These systems are essential for thin film growth and patterning. Coatings and Abrasives REEs like yttrium oxide are used for coatings in plasma etch chambers, reducing maintenance costs. Cerium dioxide abrasives are used in the Chemical Mechanical Polishing (CMP) process to achieve extremely flat wafer surfaces. The Impact on Adjacent Technologies Optoelectronics and LEDs REEs like cerium and yttrium are vital for the production of white LEDs. These LEDs are increasingly used in various applications, from displays to therapeutics. Silicon Photonics In the emerging field of silicon photonics, REEs like erbium are being studied for their potential to enable silicon to emit light, thus making monolithic silicon photonics chips a possibility. Amr Elgarony
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  395. Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. Which the tribunal did rule against The tribunal did not rule on ownership of the disputed islands or waters But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  397.  @AdrianCHOY  Civilization state versus nation-state 15/01/11 - Süddeutsche Zeitung China confronts Europe with an enormous problem: we do not understand it 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’. Or consider a quite different example. Over 90 per cent of Chinese think of themselves as of one race, the Han. This is so different from the world’s other most populous nations – India, United States, Indonesia and Brazil, all of which are highly multi-racial – as to be extraordinary. Of course, in reality the Han were a product of many different races, but the Han do not think of themselves like that. And the reason takes us back to the civilization-state and one of its defining characteristics, namely China’s remarkable longevity. Over thousands of years, as a result of many processes, cultural, racial and ethnic, the differences between the many races that comprised the Han have been weakened to the point where they were no longer significant. We will never make sense of China if we persist in treating it as if it is, or should be, a product of our own civilization. Our present attitude towards China is a function of arrogance and ignorance. And it threatens to leave us bewildered, confused and alienated. Our historical inheritance, and the mentality it has engendered, ill equips us for the very new world that is presently unfolding before us. Martin Jacques
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  411. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  456. Most people who talk about China have no clue about the country Most Chinese do not invest in the Stock Market because it is considered no better than a Casino They however do invest in their Real Estate 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  465. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  496. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  519. Timeline of the South China Sea dispute It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  524. Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space – enough to completely cover Madrid, these places are not the urban wastelands they are often posited to be. While many of China’s new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range in the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. So why would anyone spend incredible amounts of cash on houses they do not intent to use? * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible amount of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Although they are very actively bought and sold in this bare-bones form, which is often preferred by investors. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn’t need to mold a piece of gold into something usable like a piece of jewelry for it to have value and an economic function, an apartment in China doesn’t need to have people living in it for it to be economically viable. “Empty units leave flexibility for quick sales in a changing market or need to cash in quickly,” said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong based urban design firm. Another reason for the sheer amount of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1% or so) is often not worth the hassle — especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80% of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don’t have any mortgages to pay off or any other leans, so there isn’t as much financial pressure to make a profit from these homes in the short term. Thevagabondjourney
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  525.  @Be-ui4os why would you doubt them? It’s not like they need to make money in public transportation ​​⁠even with their own Government engineered slowdown in their real estate market (or else 70% of the people in their city real estate markets would probably be buying their 3rd 4th or 5th homes right about now….) While a few hundred million rural migrants can’t find an affordable home as they migrate to the cities And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years And have a record trade surplus for the first 6 months of 2024 Even though their Central Government is cracking down into real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and into investimg in technology/industries instead. (What’s the difference between buying a 4th house vs a 5th house) 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 We can hide our heads in the sand and pretend “it ain’t so”… like that will help us out in the long run 👇 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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  532. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  539. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  546. If it is an American I usually say this Anericans probably can’t make a distinction between the two types of debt because the US Government/US FED has had no problems taking internal Agency Debt which is private Debt and not back by the US Government and then turning into External Sovereign Debt Since we know from 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. Where the US Treasury would issue new corresponding debt for the public to buy. It ended during Q3 of 2019 Because that selling ended up freezing 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. Last I checked its was back over 8 trillion. As the US FED had to buy back that US Treasury Debt it dumped and more 👇 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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  568. 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 Chinese ambassador 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 China would 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. . . 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 Chinese leaders, 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 Chinese dictate the terms of negotiation;this should be seen against the background of a decade-long hostility between the two countries. . . 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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  571. Anericans probably can’t make a distinction between the two types of debt because the US Government/US FED has had no problems taking internal Agency Debt which is private Debt and not back by the US Government and then turning into External Sovereign Debt Since we know from 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. Where the US Treasury would issue new corresponding debt for the public to buy. It ended during Q3 of 2019 Because that selling ended up freezing 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. Last I checked its was back over 8 trillion. As the US FED had to buy back US Treasury 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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  581. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  583. @nocrtnane Where do you get your info? The people making the lions share of the money inflating those Chinese export numbers to the west? Are Multinational corporations, mostly US multinationals Whose wholly owned factories and suppliers are using more and more illegal workers from SE Asia or more and more automation in those factories in China Where the Chinese are sending their exports? to their belt and road partner countries Mind you exports is not the biggest driver of their economy these days last I checked it was less than 18% of GDP 👇 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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  585. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  588. Does it matter? Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  591. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  600. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  616. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  635.  @stealthtowealth2167  seriously what is up with you? You are either one of those people who does not believe in renewables, clean, green etc etc Or you are one of those people who believes it’s all renewables, clean, green etc etc and nothing else For me…, I understand we need renewables, clean, green in the future etc etc But it’s not going to happen overnight and … for sure we can’t just flip the switch The Chinese just showed us how hard that is to do If you really think the Chinese want to rely on burning coal in the future then you have no clue how they think Most importantly there is no money in it for them in burning coal There is money renewables, clean, green etc etc 👇 How China Became the World’s Leader on Renewable Energy China has achieved stunning growth in its installed renewable capacity over the last two decades, far outpacing the rest of the world. But to end its continued dependence on fossil fuels, it must now move ahead with planned reforms to its national electricity system. BY ISABEL HILTON MARCH 13, 2024 In 2020, for example, China pledged to reach 1,200 gigawatts of renewables capacity by 2030, more than double its capacity at that time. At its present pace, it will meet that target by 2025, and could boast as much as 1,000 gigawatts of solar power alone by the end of 2026, an achievement that would make a substantial contribution to the 11,000 gigawatts of installed renewable capacity that the world needs to meet the 2030 targets of the Paris Agreement. Fossil fuels now make up less than half of China’s total installed generation capacity, a dramatic reduction from a decade ago when fossil fuels accounted for two-thirds of its power capacity When the International Energy Authority issued its assessment of the pledge to triple renewables globally by 2030, it pointed out that the 50 percent increase in global renewable installations in 2023 was largely driven by China. In 2022, China installed roughly as much solar photovoltaic capacity as the rest of the world combined, then went on in 2023 to double new solar installations, increase new wind capacity by 66 percent, and almost quadruple additions of energy storage. Yale EDU
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  640. This guy best explained what happened 👇 Do China's ghost cities offer a solution to Europe's migrant crisis? By Wade Shepard * Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space - enough to completely cover Madrid - these places are not the urban wastelands they are often posited to be. While many of China's new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible number of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Strange as it may seem, they are very actively bought and sold in this bare-bones form. In fact, investors often prefer them that way. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn't need to mold a piece of gold into something usable, like a piece of jewelry, for it to have value and an economic function, an apartment in China doesn't need to have people living in it for it to be economically viable. "Empty units leave flexibility for quick sales in a changing market or need to cash in quickly," said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong-based urban design firm. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1 percent or so) is often not worth the hassle - especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80 percent of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don't have any mortgages to pay off or any other leans, so there isn't as much financial pressure to make a profit from these homes in the short term. Additionally many empty apartments have owners who intend to occupy them at some point. A huge number of China's new apartments are located in new development areas, which are, by definition, new. The thinking is if you buy property in these emerging new areas early, you can get a better price. So it's common for people to purchase homes in places that are not yet ready to support a large population with the understanding that they won't be able to inhabit them for many years. Reuters
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  647. The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries 👇 Developing countries’ transition periods Provisions for developing countries, economies in transition from central planning, and least-developed countries Developing countries and economies in transition from central planning did not have to apply most provisions of the TRIPS Agreement until 1 January 2000. The provisions they did have to apply deal with non-discrimination. Article 65.2 and 65.3 Least-developed countries were given until 1 January 2006. Article 66.1. Members have agreed to extend the deadline to 1 July 2034, or to the date a country is no longer “least-developed”, if that is earlier. Pursuant to the Doha Declaration on TRIPS and Public Health, a separate transition period exists for pharmaceutical patents, which currently runs until 1 January 2033. WTO
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  658. Does it matter? Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  662. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  663. What most people don’t get is the Philippines had every right to ask for arbitration It’s just China has every right not to accept arbitration 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  674.  @Kevin-fq3zh  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  678. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  685. What most people don’t get is the Philippines had every right to ask for arbitration It’s just China has every right not to accept arbitration 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  693. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  695. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  703. These Chinese probably figured people buying their 4th and 5th homes right about now when 300 million rural Chinese are still expected to move to the cities would be a bigger problem This why they intentionally slowed down their economy 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    3
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  728. Longer than that 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  764. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    3
  765. This slowdown is a slowdown engineered by the Chinese Government itself 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    3
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  773. Ethnic Chinese/overseas Chinese were the biggest FDI investors into China during its 30 years of double digit growth. And serve as bridge these days for China FDI into ASEAN countries Does it matter? Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  781. The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals would just pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans/us westerners were able to raise our standards of living with those cheaper goods
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  786. No one accepts the 9 dash line except China and Taiwan No one is talking 9 dash line it’s the islands in dispute 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  806. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    3
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  815. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  825. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  835. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    3
  836. Most people probably don’t know China’s factories are filled with illegal workers from SE Asia And manufacturing is not the driver of the Chinese economy these days It has been their Real Estate 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, heath, education and even marriage prospects Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Unlike here in the west where we are going the other direction
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  839. No shame at all 👇 Timeline of the South China Sea dispute It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  851. 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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  855. This guy best explains it 👇 Do China's ghost cities offer a solution to Europe's migrant crisis? By Wade Shepard * Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space - enough to completely cover Madrid - these places are not the urban wastelands they are often posited to be. While many of China's new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible number of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Strange as it may seem, they are very actively bought and sold in this bare-bones form. In fact, investors often prefer them that way. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn't need to mold a piece of gold into something usable, like a piece of jewelry, for it to have value and an economic function, an apartment in China doesn't need to have people living in it for it to be economically viable. "Empty units leave flexibility for quick sales in a changing market or need to cash in quickly," said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong-based urban design firm. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1 percent or so) is often not worth the hassle - especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80 percent of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don't have any mortgages to pay off or any other leans, so there isn't as much financial pressure to make a profit from these homes in the short term. Additionally many empty apartments have owners who intend to occupy them at some point. A huge number of China's new apartments are located in new development areas, which are, by definition, new. The thinking is if you buy property in these emerging new areas early, you can get a better price. So it's common for people to purchase homes in places that are not yet ready to support a large population with the understanding that they won't be able to inhabit them for many years. Reuters
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  859. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  867. Ethnic Chinese/overseas Chinese were the biggest FDI investors into China during its 30 years of double digit growth. And serve as bridge these days for China FDI into ASEAN countries Does it matter? Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  870. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  872. 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 Chinese ambassador 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 China would 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. . . 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 Chinese leaders, 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 Chinese dictate the terms of negotiation;this should be seen against the background of a decade-long hostility between the two countries. . . 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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  875. Says the American living on indigenous land probably arguing how they were not the first and how they fought each other before the white man showed up 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  880. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  886. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  891. China isn’t playing ball Our top of the food chain 1%ters and their multinational corporations Don’t want a closed off or slowing China They want those Chinese buying their 4th and 5th homes right about now. They want their companies in China lending that money and selling those goods and services to them. Hopefully get them to spend those high saving and then borrow to spend more like we did in the west. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  897. China has a 800 billion dollar trade surplus with the world This property decline/slow down by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  909. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  911. UNCLOS???? Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  912. I don’t think Filipinos with a grade 10 graduation (when you are 16 or some cases 15 ) can grasp what they are being told because once again Philippines under UNCLOS had every right to request a tribunal as a resolution BUT China under UNCLOS had every right not to accept the tribunal as a resolution You Filipinos went to shop for a sympathetic court once again That’s like the Chinese going to a Russian court to see if by international law they can drop A few nukes on you No one other than Taiwan accepts that 9 dash line claim. But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  916. You worked in China and you didn’t know this There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. Bunnies Studio
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  928. Since 2023….you know when you tap on the breaks you have to let go also Since the idea is not to slam on those breaks Or just let the car decide when it wants to stop 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  934.  @verypleasantguy  thanks for your opinion these are the facts 👇 Beyond as bridges: The role of the Chinese voluntary associations in Chinese outward foreign direct investment in Southeast Asia Conclusion This study focuses on the key research question of how CVAs organised and promoted by ethnic Chinese in host countries play a role in Chinese MNEs' OFDI in Southeast Asia. We address this question by adopting qualitative and comparative approaches to analyse the intermediary role of ethnic Chinese and CVAs involved in the OFDI process of Chinese MNEs and how their actions and interactions influence MNEs' local embeddedness. First, from the perspective of ‘global–local’ interactions, we analyse the role of CVAs in promoting the globalisation and localisation of Chinese MNEs. On the one hand, Chinese MNEs can effectively obtain global resources and information through the global contact network formed by institutionalised links between CVAs and their close communications and interactions, such as the periodic global/regional association conferences. On the other hand, Chinese MNEs can successfully realise local embeddedness through CVAs' bidirectional facilitative capacity formed by their long-term cultivation in the locality. The essential role of CVAs serving as a ‘bridge’ that connects the host country and China has been emphasised, which promotes mutual understanding and Chinese MNEs' local embeddedness. Second, considering the different types of CVAs, we unravel their different roles in promoting/hindering Chinese MNEs' OFDI. Comparatively speaking, the government-cooperative/sponsored CVAs and the privately-organised CVAs have their own advantages and disadvantages in shaping Chinese OFDI, while the ‘new’ CVAs generally play a more significant role in the process of Chinese MNEs' OFDI. This paper has demonstrated how Chinese MNEs' OFDI can achieve a ‘win-win’ outcome through interaction with CVAs and ethnic Chinese by focusing on cooperation cases. Moreover, we highlight how recent changes in the leadership, economic orientation, and activities of CVAs point towards a trend of closer ties with China (Liu, 2023). onlinelibrarywiley
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  952. Moat people who talk about China have no clue what they are talking about 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  981. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in The future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
  982. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  996. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1002. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  1014. Most people who talk about China have no clue about the country Most Chinese do not invest in the Stock Market because it is considered no better than a Casino Their real estate was overheated 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
  1015. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in The future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  1025. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1051. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1065. The guy is giving a US centric point of view China’s total trade is at 5.4 trillion USD a year India (who has a trade surplus with the USA) with a younger workforce, larger workforce, and lower wages had a 100 billion USD trade deficit with China in 2022 Vietnam (who has a trade surplus with the USA but trade deficit with China) its economy is dependent and dominated by ethnic Chinese and their companies While the Vietnamese economy ad a whole, is dependent on the Chinese economy What most people don’t know China actually sends its goods and service /trades, with its Belt and Road partner countries While these days it is mostly US multinationals in China using their wholly owned factories and suppliers in China To manufacture and send goods back to the USA to purchase They are the companies still using the same labour intensive highly polluting factory model. But these days using more and more illegal workers from SE Asia or more and more automation in those wholly owned factories in China Exporting their goods to America inflating those Chinese trade deficits with the USA I can’t see that being any different in Mexico Americans will cry about trade deficits. But protect their multinationals doing the lions share of the exporting to America They are just lucky China has not booted those American manufacturers in China Probably viewed a crashing USA as bad for the world economy And makes sense because they did not even pull out their big trade weapons during this trade war
    2
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  1068. What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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
    2
  1069. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  1071. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in The future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  1079. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1083. That’s because even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still has a 820 billion plus dollar a year trade surplus with the world the last 2 years 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 But with no other viable investment options left these days Their Government is actually pushing their people to invest in technology/industries instead Where China already leads the world in 37 of the 44 critical technologies of the future already As they pile even more money into these 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 Btw that’s how innovation and competition works over 90% of inventions never get used and over 90% of businesses fail 👇 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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  1086. Yeah the last few years just like your claim came about 50 years ago Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines (off the shores of Malaysian land) if we are arguing strictly “proximity” Malaysia wins in their dispute with the Philippines Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in 1971 on those disputed islands and waters Where China makes a 200 BCE “historical claim” that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth themselves 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1097. What most people don’t get is the Philippines had every right to ask for arbitration It’s just China has every right not to accept arbitration 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  1107. Chinese debt is mostly internal debt Where they have little external debt 2.4 trillion Kind of like when you Americans only list your 35 trillion in Sovereign external debt While not including the 500 trillion in internal debt As for their slowdown 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1109. Yeah and you lost the appeal Fact Fact Filipinos Talk about a Bully Imagine an unprovoked attack on Malaysia, killing Malaysians then seeking a court case against them 👇 How Malaysia ended up owing $15 billion to a sultan's heirs * KUALA LUMPUR, Aug 4 (Reuters) - Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a $15 billion arbitration award in a dispute over a colonial-era land deal. In 1878, two European colonists signed a deal with the sultan for the use of his territory in present-day Malaysia – an agreement that independent Malaysia honoured until 2013, paying the monarch's descendants about $1,000 a year. Now, 144 years later after the original deal, Malaysia is on the hook for the second largest arbitration award on record for stopping the payments after a bloody incursion by supporters of Sultan Mohammed Jamalul Alam's heirs in which more than 50 people were killed. For years, Malaysia largely dismissed the claims but in July, two Luxembourg-based subsidiaries of state energy firm Petronas were served with a seizure notice to enforce the award that the heirs won in February. read more The arbitration ruling in France followed an eight-year legal effort by the heirs and $20 million in funds raised for them from unidentified third-party investors, according to interviews with main figures in the case and legal documents seen by Reuters. *Malaysia did not participate in nor recognise the arbitration - allowing the heirs to present their case without rebuttal - despite warnings that it would be dangerous to ignore the process. The claimants, including some retirees, are Filipino citizens leading middle-class lives, a far cry from their royal ancestors of the Sulu sultanate that once spanned rainforest-covered islands in the southern Philippines and parts of Borneo island. Reuters 👇 Malaysia Wins Court Battle Over $15 Billion Sulu Heirs Award The ruling by the French Court of Appeal questioned the jurisdiction of Spanish arbitrator Gustavo Stampa, who ordered last year’s eye-watering payout. The “partial award” was subsequently nullified by the Spanish High Court of Justice in June 2021, when it ruled that Malaysia had not been properly served ahead of Stampa’s appointment in 2019. In September, however, Stampa took the seemingly unusual step of transferring the arbitration proceeding to Paris, where he would go on to render the final award. Critics of Stampa and the Sulu heirs have accused them of “forum shopping” – of “hopping from one foreign jurisdiction to the next to find a court that was willing to hear their claim,” as two Malaysian writers put it in these pages last year. TheDiplomat
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  1124. China leads the world in 37 of 44 critical technologies of the future 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1134. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1163. Most people who talk about China have no clue about the country Most Chinese do not invest in the Stock Market because it is considered no better than a Casino They however do invest in their Real Estate 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1171. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1175. Let’s face it when the Chinese showed up 1000 years ago to trade they had to go to Luzon to find Filipinos Not these disputed islands you claimed in 1971 2 years after oil was found At that time your ancestors must have went the islands you sailed by are yours???? okay na lang thank you sir come again siiiiiirrrr 👇 The Chinese Treasure Fleet in 15th century Philippines * It was the people of our archipelago who discovered Magellan and the Europeans in 1521, not the other way around, as most Filipinos were taught by our grade-school textbooks. Our islands and their inhabitants were well-known to a larger, richer world that of Chinese emperors and scholars and Arab traders, as early as the 9th, even 6th centuries. And certainly by 1000 A.D., our shores were regular ports of call in the trade with China, then the most powerful nation on earth. Chinese chronicles, European archaeologists and the diggings in our pre-colonial burial grounds prove that those ancient Filipinos used fine porcelain, weights and measures imported from China, and recorded written contracts. Chao-Ju-Kua reported that Chinese traders visited Ma-I (Luzon) regularly, leaving silks, porcelain and metal utensils on the beaches of designated islands, and returning weeks later to collect payment in the form of beeswax, gold dust, carabao horn, ginger, cinnamon or garlic. It was an import-export system run on a reliable honor system with unquestioned good faith. * When Magellan’s Spanish Armada hove into view in March 1521, the natives of Homonhon in the Visayas must have taken pity on the small black ships with tattered sails and scruffy, starving, disoriented sailors, for they sent a small rowboat packed with rice, coconuts and bananas to their rescue. On the next island, the white, bearded strangers were feted in a bamboo palace with a banquet of roast fish, pork, turtle eggs and palm wine, by a native king whose queen wore a black-and-white gown, red lips and nails, while a quartet of young, topless damsels played music on various gongs and drums. Those early Filipinos had been more accustomed to the tall, prosperous, Chinese ships with a trio of feathery sails stiffened with battens, for the China trade had been in place for at least 500 years. During the Ming Dynasty, Filipinos enjoyed the visits of the Treasure Fleet (1405-1500) of Admiral Cheng Ho (Zhen He) a huge, 7-ft tall, powerful eunuch, who had built 1,500 massive, 500-ft ships in a giant shipyard in Nanking with the help of 30,000 workers. The luxurious ships, each manned by 1,000 sailors ruled the South Pacific and the Indian Ocean. * But the Chinese were not interested in conquest or territorial aggrandizement. Their purposes were trade and diplomacy. That was what our ancestors expected when they first saw the Spanish Armada. Filipinos had never seen white men before Magellan and never thought the strangers would be as rapacious and predatory as they would prove to be. They assumed the new foreigners to be poor and needy because they had only glass beads, a string of little bells and a red cap (Magellan’s gifts) to reciprocate the native prodigality. The white men were, in fact, so dazzled by the earrings, chains, armlets and anklets, of pure gold, worn by both the native men and women that Magellan had to warn them against showing their covetousness. Philstar
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  1176. This Week at War: An Arms Race America Can’tWin The United States has no chance in ship-for-shipshowdown with China. Luckily, it shouldn't have to have one. Of course, counting ships does not tell the whole story. Even more critical are the missions assigned to these ships and the conditions under which they will fight. In a hypothetical conflict between the United States and China for control of the South and East China Seas, the continental power would enjoy substantial structural advantages over U.S. forces. China, for instance, would be able to use its land-based air power, located at many dispersed and hardened bases, against naval targets. The ONI forecasts China’s inventory of maritime strike aircraft rising from 145 in 2009 to 348 by 2020. U.S. land-based air power in the Western Pacific operates from just a few bases, which are vulnerable to missile attack from China (the Cold War-era Intermediate Nuclear Forces Treaty prevents the United States from developing theater-based surface-to-surface missiles with ranges sufficient to put Chinese bases at risk). A comparison of ship counts similarly does not include China’s land-based anti-shipcruise missiles, fired from mobile truck launchers. Nor does it account for China’s fleet of coastal patrol boats, also armed with anti-ship cruise missiles. The Air-Sea Battle concept began as an effort to improve staff coordination and planning between the Navy and the Air Force in an effort to address the structural disadvantages these forces would have when going up against a well-armed continental power like China. The concept is about creating operational synergies between the services. An example of this synergy occurred in last year’s campaign against Libya, when U.S. Navy cruise missiles destroyed Libya’s air defense system, clearing the way for the U.S. Air Force to operate freely over the country. But Air-Sea Battle still faces enormous challenges in overcoming the "home court" advantage a continental power enjoys deploying its missile forces from hidden, dispersed, and hardened sites. In addition, the United States faces a steep "marginal cost" problem with an opponent like China; additional defenses for U.S. ships are more expensive than additional Chinese missiles. And China can acquire hundreds or even thousands of missiles for the cost of one major U.S. warship. FP
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  1198.  @PelleGIT  For the west it’s about China closing itself off to them especially the USA It not about trade deficits because we in the west tend to consume more than we produce So we trade with XYZ country we 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 the average westerners are also at fault as we played our part by borrowing and spending) The Chinese just ain’t playing ball so they are obviously the bad guys to our elite western 1%ters 👇 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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  1199.  @philgooddr.7850  China is still considered a developing country by the WTO A decade ago people were complaining about China being the worlds biggest polluter Now it’s China subsidized this plus that and over capacity 🙄 Maybe it’s time for these richer countries to put even more money into fixing the climate change they fear so much Because let’s get one thing straight every country is subsidizing their auto industries Plus worldwide oil subsidies hit 7 trillion in 2023 If they don’t have an auto industry then their clean, green, renewable etc etc etc It’s just the Chinese are doing it on a massive scale Maybe you want your grandkids to go back to the cart and horse 50 years from now Because worldwide oil reserves are projected to last 50 years. And there ain’t looking to be any better options right now While worldwide Rare Earths deposits are expected to last 400 years. China just found another new RareEarth deposit expected to last 120 more years on top of that Plus when it comes to lithium and Nickel. China can replace the mining of those minerals through recycling within 25 years 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  1221. Because your only other Filipino claim other than a proximity claim in 1971???? Is based on your Spanish Colonizer claim in the 1500s 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1222. Long version 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG
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  1236. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines (off the shores of Malaysian land) if we are arguing strictly “proximity” Malaysia wins in their dispute with the Philippines Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in 1971 on those disputed islands and waters Where China makes a 200 BCE “historical claim” that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth themselves 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1237. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1244. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1247. You are about as dum down as the Americans The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese people and Government 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 lowered prices even more, and dump even more chips on China Instead their idea was to force the hand of Chinese at the time content with cheap imported chips. Hope they could not innovate When China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year 👇 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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  1252. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1255. 90% of the Chinese families own a home 80% without any encumbrances 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1259. All these people who are clueless 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
  1260. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    2
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  1274. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1276. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1278. Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  1284. The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese Government trying to get their people to use homegrown chips 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 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 China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year 👇 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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  1299. Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  1312. This Week at War: An Arms Race America Can’t Win The United States has no chance in ship-for-ship showdown with China. Luckily, it shouldn't have to have one. Of course, counting ships does not tell the whole story. Even more critical are the missions assigned to these ships and the conditions under which they will fight. In a hypothetical conflict between the United States and China for control of the South and East China Seas, the continental power would enjoy substantial structural advantages over U.S. forces. China, for instance, would be able to use its land-based air power, located at many dispersed and hardened bases, against naval targets. The ONI forecasts China’s inventory of maritime strike aircraft rising from 145 in 2009 to 348 by 2020. U.S. land-based air power in the Western Pacific operates from just a few bases, which are vulnerable to missile attack from China (the Cold War-era Intermediate Nuclear Forces Treaty prevents the United States from developing theater-based surface-to-surface missiles with ranges sufficient to put Chinese bases at risk). A comparison of ship counts similarly does not include China’s and-based anti-ship cruise missiles, fired from mobile truck launchers. Nor does it account for China’s fleet of coastal patrol boats, also armed with anti-ship cruise missiles. The Air-Sea Battle concept began as an effort to improve staff coordination and planning between the Navy and the Air Force in an effort to address the structural disadvantages these forces would have when going up against a well-armed continental power like China. The concept is about creating operational synergies between the services. An example of this synergy occurred in last year’s campaign against Libya,when U.S. Navy cruise missiles destroyed Libya’s air defense system, clearing the way for the U.S. Air Force to operate freely over the country. But Air-Sea Battle still faces enormous challenges in overcoming the"home court" advantage a continental power enjoys deploying its missile forces from hidden, dispersed, and hardened sites. In addition, the United States faces a steep "marginal cost" problem with an opponent like China; additional defenses for U.S. ships are more expensive than additional Chinese missiles. And China can acquire hundreds or even thousands of missiles for the cost of one major U.S. warship. FP
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  1318. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1335. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1347. Chinas 10 dash line/9 dash line no one accepts With that said the Philippines did not make official claim on those disputed islands until 1971 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1349. China is experiencing deflation right now The Chinese had to crackdown on this real estate bubble/speculation 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1350. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1353. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, heath, education and even marriage prospects Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Unlike here in the west where we are going the other direction
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  1366. Btw What most people like you 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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  1374. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1377. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    2
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  1383. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, heath, education and even marriage prospects Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Unlike here in the west where we are going the other direction
    2
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  1385. Yes local Governments for example could start charging property taxes The smart people would have moved already Still a lot better than western countries sticking that debt into their Sovereign external debt. Even then take the US Internal debt at 300 trillion. Where they have already borrowed 34 trillion externally At least the Chinese could go borrow externally if all else fails The USA is where people should be worried if it’s about debt 👇 China's Creative Accounting: How It Buried Its Debt and Forged Ahead with Stimulus 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
    2
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  1387. Yes local Governments for example could start charging property taxes The smart people would have moved already Still a lot better than western countries sticking that debt into their Sovereign external debt. Even then take the US Internal debt at 300 trillion. Where they have already borrowed 34 trillion externally At least the Chinese could go borrow externally if all else fails The USA is where people should be worried if it’s about debt 👇 China's Creative Accounting: How It Buried Its Debt and Forged Ahead with Stimulus 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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  1390. Do China's ghost cities offer a solution to Europe's migrant crisis? By Wade Shepard * Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space - enough to completely cover Madrid - these places are not the urban wastelands they are often posited to be. While many of China's new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible number of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Strange as it may seem, they are very actively bought and sold in this bare-bones form. In fact, investors often prefer them that way. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn't need to mold a piece of gold into something usable, like a piece of jewelry, for it to have value and an economic function, an apartment in China doesn't need to have people living in it for it to be economically viable. "Empty units leave flexibility for quick sales in a changing market or need to cash in quickly," said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong-based urban design firm. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1 percent or so) is often not worth the hassle - especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80 percent of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don't have any mortgages to pay off or any other leans, so there isn't as much financial pressure to make a profit from these homes in the short term. Additionally many empty apartments have owners who intend to occupy them at some point. A huge number of China's new apartments are located in new development areas, which are, by definition, new. The thinking is if you buy property in these emerging new areas early, you can get a better price. So it's common for people to purchase homes in places that are not yet ready to support a large population with the understanding that they won't be able to inhabit them for many years. Reuters
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  1395. 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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  1398. China could have used that option in the trade war but they didn’t What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners These IS multinationals are also using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificing so they could get more or better access into those Chinese Domestic markets Why didn’t China pull the nuclear option and boot these companies you might ask? They 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 👇 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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  1400. To me what ever it is? Rent or the Sale of the land??? Malaysia has the right to pay you Filipinos in “perpetuity” Certainly does not give you the right to invade As for China just because there is a change in Government does not mean the country does not exist where did you get your education Even with that strange logic then Taiwan should control those disputed islands And the commies in China established in 1949 still made a claim to to those islands before the Philippines did in 1971 a few years after oil was found As for the Manchu Dynasty that only shows what has already been argued in court that China did not show continuous control over the disputed islands 👇 Timeline of the South China Sea dispute It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1407.  @SumTingWong888  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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  1420. China will be doing it all… 👇 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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  1436.  @djibicisse  you need to stop crying and acting like the suddenly woah oak snow fla aches you dis like so much Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservatives minded folks back then, were pushing for Globalization and Free Trade Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them Yet Now you cry about it, acting like you didn’t know I bet you are a boomer who voted for Reagan 👇 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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  1437.  @djibicisse  you don’t understand China yes when you Go to China if you want to sell to their consumers In most cases you have to take on a joint venture partner If you want to go manufacture and export your products out of China? in most cases you don’t have to take on a joint venture partner The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves To the point foreigner’s like you are crying for market access to Chinese Domestic markets My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% interest Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living for decades and decades while the Americans were able to raise their standards of living with those cheaper goods borrow and spend to borrow and spend more If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries
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  1438.  @djibicisse  So these days what most people don’t get? Is it is 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 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 into the 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? They 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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  1444. Where are you getting your figures most companies that did leave China went to SE Asia where China has a strangle hold on their economies With all the postering the USA still has not stopped buying from China And when I say buying from China I use that word loosely Chinese companies are exporting their goods mostly to their Belt & Road country partners It’s is mostly US multinational corporations based in China using their wholly owned factories and suppliers, exporting those goods for Americans to buy while inflating those Chinese export numbers to the USA and trade deficit US multinationals who are still using the same labour intensive highly polluting factory formula Only these days they are using more and more illegal workers smuggled in from SE Asia or more and more automation in their factories in China Same corporations who derive a big chunk of their revenue from selling their goods and services into the Chinese domestic markets Same corporations whose high flying stocks are in US stock exchanges and your Pension/401ks Same corporations who got those huge corporate tax cuts you no doubt cheered on Same corporations trump sacrificed the American consumer and American farmer to try and get more or better access into those Chinese domestic markets for those multinational corporations in China Same corporations whose headquarters are in North Americans cities folks can easily go picket Plus the slowdown in China everyone keeps talking about was by design as the Chinese Central Government cut off money flow to their property developers in 2010 That’s because there is still a few hundred million poorer rural folk still expected to move to the cities and join their richer urban countrymen. Only problem was these developers were building more high-end housing and not the affordable housing these rural migrants need Thus the common prosperity push and the crackdown on overt displays of wealth Their Government figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1446. 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 Most likely where they store that added wealth or to seek save haven for I’ll be gold 👇 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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  1457. These were property developers cut off from money flow by their Central Government 14 years ago But they were recently saved as their Junk Bonds started to become hot commodities these last few years So as a Developer what to you do when you get an influx of Cash???? You build…. This is what was happening before this 👇 * Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space – enough to completely cover Madrid, these places are not the urban wastelands they are often posited to be. While many of China’s new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range in the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. So why would anyone spend incredible amounts of cash on houses they do not intent to use? * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible amount of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Although they are very actively bought and sold in this bare-bones form, which is often preferred by investors. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn’t need to mold a piece of gold into something usable like a piece of jewelry for it to have value and an economic function, an apartment in China doesn’t need to have people living in it for it to be economically viable. “Empty units leave flexibility for quick sales in a changing market or need to cash in quickly,” said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong based urban design firm. Another reason for the sheer amount of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1% or so) is often not worth the hassle — especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80% of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don’t have any mortgages to pay off or any other leans, so there isn’t as much financial pressure to make a profit from these homes in the short term. Thevagabondjourney
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  1458. Does it matter Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  1466.  @cleomenes01  This isn’t just on Trudeau this is in all of us. If you think PP is going to change anything you ain’t going to be happy He will need to borrow and spend and pack in the immigrants We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1480. The people taking the biggest hit these last few years were the people buying these Junk Bonds Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  1492.  @eugenechin2863  if it was happening to the Chinese instead, of the Americans I would say the same thing You can complain…. but that won’t change a thing because bottom line is, you can’t compete But then we already know that wouldn’t happen the East Asian mindset they might complain but then in the end they would try harder, work harder The Western mindset/American mindset is to complain then give up when they are losing 👇 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. * Meanwhile, other researchers are studying the subjective nature of self-assessment from other angles. For example, Steven Heine, PhD, a psychologist at the University of British Columbia, is showing that self-inflation tends to be more of a Western than a universal phenomenon. * 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. * 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. * 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. APA
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  1499. Bulls on China ain’t going to be happy especially as “Sophisticated Foreign Investors” recently made these Property Developers Junk Bonds a hot commodity Problem is they were expecting the Chinese Central Government to backstop these Junk Bond investments I even had old colleagues reach out to me because I researched China back in the 1980s I basically told them the Chinese Central Government wasn’t about to bailout these Property Developers after cutting off money to them for over a decade They didn’t listen 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1500. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1501. Yes China got their banks to loan out 580 billion That created a big ball of money that has been sloshing around creating bubbles 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Btw that debt you takk about is internal debt and not external sovereign debt There is a big difference between the two I can show you how they swept internal debt under the table in the 1997 Asian Financial crisis
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  1503. That’s right you are no economic expert. But you like to type a lot 👇 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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  1504. Once again Take for example the USA has 212 trillion in unfunded liabilities, which is internal debt when was the last time you heard that figured included with that 34 trillion external sovereign debt figure????? 👇 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. Huffington Post
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  1510. The Chinese Government cut off money flow to these Developers on 2010 That’s all the warning people needed 2 years ago was when it was mostly “Sophisticated Foreign Investors “ Who were buying these Property Developers Junk bonds 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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. 👇 China attempts to deflate its unstable property bubble China is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijing Wed 9 Mar 2011 19.24 GMT Chinese officials are blaming speculators for soaring property prices and are vowing to build 36m affordable homes over the next five years. There are already widespread concerns about China's booming property market and the threat it poses to the country's expanding economy. China would spend nearly $200bn (£123bn) on an affordable homes and social housing scheme, said deputy housing minister Qi Ji in Beijing . The pledge came a few days after premier Wen Jiabao promised to "resolutely" curb speculation to tackle excessively rapid price increases The authorities have taken various steps since spring last year to dampen the property market. These include raising interest rates, increasing the minimum downpayment required on second homes and restricting the rights of foreigners to buy property. Two Chinese cities are now imposing sales tax on property deals. While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%. The Guardian
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  1511. COLUMN-Do China's ghost cities offer a solution to Europe's migrant crisis? * Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space - enough to completely cover Madrid - these places are not the urban wastelands they are often posited to be. While many of China’s new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. So why would anyone spend incredible amounts of cash on houses they do not intent to use? * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible number of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Strange as it may seem, they are very actively bought and sold in this bare-bones form. In fact, investors often prefer them that way. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn’t need to mold a piece of gold into something usable, like a piece of jewelry, for it to have value and an economic function, an apartment in China doesn’t need to have people living in it for it to be economically viable. Reuters
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  1538.  @ChickenSouvlaki777  Agreed But everyone is to blame on both sides …. Not just the suddenly woah oak lefties This is a Conservative Canadian Supreme Court Justice, appointed by a Conservative PM Harper, in our top Canadian Supreme Court, dominated by Conservative Justices since 2012. The majority of these Justices also appointed by Harper . Striking down this law introduced by Harpers Conservative Government 👇 Supreme Court strikes down ‘degrading’ parole ineligibility law for mass murders By Betsy Powell Courts Reporter Fri., May 27, 2022 But in Friday’s much-anticipated ruling, Chief Justice Richard Wagner said Section 745.51 of the Criminal Code violates section 12 of the Charter of Rights and Freedoms in a way that cannot be justified in a free and democratic society. Section 12 guarantees the right not to be subjected to cruel and unusual punishment. What is at stake is our commitment, as a society, to respect human dignity and the inherent worth of every individual,” the decision states. Striking down the law should not be seen as devaluing the lives of innocent victims, the court said. “Everyone would agree that multiple murders are inherently despicable acts and are the most serious crimes, with consequences that last forever. This appeal is not about the value of each human life, but rather about the limits on the state’s power to punish offenders, which, in a society founded on the rule of law, must be exercised in a manner consistent with the Constitution.” TheStar
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  1541. Not as bad as your USA being 500 trillion in debt China cut off money flow to Vanke 14 years ago It was Sophisticated Foteign Investors buying these Property Developers junk bonds these last few years what do you think these Property Developers did with that sudden influx of money…. They built more higher end housing 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider
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  1544. even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 But with no other viable investment options left these days Their Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead 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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  1546. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1549. Nice fake narrative. You are always spouting off the same slogans even when proven wrong You for sure are not well educated And worse off than the Hong Kongers who ran off believing all we need is freedom !!!! Yeah you have the freedom to work at McDonald’s hoisting loogers into my burgers and fries 😂😂😆😆😂 👇 BN(O) visa immigrants: Study reveals 50% unemployment rate among Hong Kongers under 65 in the U.K., 99% have no plans to return 2nd November 2023 – (London) A recent study conducted by the “Welcoming Committee for Hong Kongers” organisation, which assists Hong Kongers who have immigrated to the U.K. through the BN(O) Visa, has shed light on the employment situation of these individuals. The study surveyed over 2,000 Hong Kong immigrants and found that only 50% of those under the age of 65 were able to secure employment, indicating a significant unemployment rate among this group. Many Hong Kongers attribute their difficulty in finding employment to factors such as a lack of recognition for their English language skills and qualifications. The study also highlighted the educational background of BN(O) Hong Kongers in the U.K. It revealed that 36% of the surveyed individuals held a master’s or doctoral degree, while 23% had a postgraduate degree. These figures indicate that BN(O) Hong Kongers in the U.K are nearly twice as well-educated as the average UK population. However, despite their educational qualifications, many BN(O) Hong Kongers are facing difficulties in securing employment that matches their skills and experience. Among those surveyed who were employed, 47% felt that their job did not align with their qualifications, and 20% felt that their workload was excessive. Dim sum daily
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  1554.  @100c0c  that’s the difference The USA thinks in zero-sum game ways. The Chinese do not during US/China trade war. While the USA put tariffs on even us here in Canada calling Canada a national security threat the Chinese were lowering their tariffs to most other countries Infact if the Chinese brought out their real trade wea pons with the USA Just stopped exporting? we in the west would have been dropping like flies 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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  1558. There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  1559.  @eds7343  There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  1563.  @nag2129  I tried the short version Here is the long version We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1568.  @kunoichi301  Such a dyuuuum down American 👇 A nation of outlaws A century ago, that wasn't China -- it was us One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In theUnited States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs. Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color. Boston Globe
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  1571.  @kunoichi301  Annalee Saxenian, a UC Berkeley professor, whose scholarly research interests include the contribution of Chinese immigrants on America's high-technology realm carried out a study that showed that since 1998, one out of five high-tech start-ups in Silicon Valley were led by a Chinese American. During the same year, 5 of the 8 fastest growing high-technology companies in Silicon Valley had a leading upper-level management executive who was of Chinese ancestry, except for Yahoo, whose Jerry Yang was a founder and owner, but was not serving in an executive leadership position. In Silicon Valley, several Chinese American community organizations, numbering from two to three dozen, actively strive to look out for and are committed to safeguarding the professional interests and well-being of the Chinese American community. These organizations boast membership counts with at least 100 individual members, with one particularly influential group being the Committee of 100.[114] Immigrants from mainland China and Taiwan were key founders in 12.8% of all Silicon Valley start-ups between 1995 and 2005.[115] Almost 6% of the immigrants who founded companies in the innovation/manufacturing-related services field are from China.[116] Research funded by the Public Policy Institute of California indicates that in 1996, 1,786 Silicon Valley technology companies with $12.5 billion in sales and 46,000 employees were run by executives of Indian or Chinese descent. Moreover, the pace of entrepreneurship among local immigrants has been increasing rapidly. While executives of Chinese or Indian origin were at the helm of 13% of the Silicon Valley technology businesses started between 1980 and 1985, they were also running 27% of the more than 4,000 businesses started between 1991 and 1996.[117] Start-up firms remain a primary source for new ideas and innovation for Chinese American internet entrepreneurs. Many of them are employed or directly engaged in new start-up activities. The proportional share of start-up firms by ethnic Chinese in Silicon Valley skyrocketed from 9% in 1980–1984 to about 20% between 1995 and 1998.[118] By 2006, Chinese American high-technology entrepreneurs were behind 20 percent of all Silicon Valley start-up firms, leading 2000 Silicon Valley companies, and employing 58,000 workers. Wikipedia
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  1573. What most people like you don’t get? Is it is 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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  1574. And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries 👇 China starts zero-tariff treatment for 6 least-developed African countries Positive move to continue bolstering bilateral trade, show demonstration effect By GT staff reporters Published: Dec 25, 2023 09:45 PM The zero-tariff treatment China had granted for six least-developed African countries officially took effect on Monday. Experts and industry players noted that the move will bolster trade between China and Africa while showing a demonstration effect for China's cooperation with other markets. The Customs Tariff Commission of the State Council, China's cabinet, announced on December 6 that 98 percent of taxable products from Angola, The Gambia, the Democratic Republic of the Congo (DRC), Madagascar, Mali and Mauritania would be exempt from import tariffs starting on Monday. Sarah Wang, executive director of Beijing Wise Century Trading Co, which sells a range of African products, told the Global Times on Monday that such measures will have a huge implication for trade between these countries and China. "With zero tariffs, these countries could expand the sales channels for their local produce, find new ways to generate foreign exchange reserves and create jobs," Wang said. The implementation of the tax break is a significant move contributing to fulfilling the China-Africa comprehensive strategic and cooperative partnership, and realize its responsibility under the WTO-led Aid for Trade Initiative, Song Wei, a professor at Beijing Foreign Studies University, told the Global Times on Monday. GT
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  1576. They have spent 14 years trying to deflate the bubbble they will not try and stimulate the economy like they did in 2008 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1577. China's Creative Accounting: How It Buried Its Debt and Forged Ahead with Stimulus * 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. * 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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  1583. Fox News always trots out so called “China experts” that are constantly wrong in China I’d like to get paid to spew out outdated or wrong info There is now a 7 volume 27 book series on what China invented first that says the world copied from them 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 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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  1591. Disillusioned about China’, more Chinese aim for US via risky Darien Gap In 2023, Chinese migrants become the largest group outside the Americas to cross the treacherous region to reach the US. * Behind her, signs explaining the hotel prices and policies are written in Mandarin. Pots of spicy instant noodles imported from China are for sale next to bottles of water. Payments via the Chinese social media app WeChat are accepted. * “They move along in their own separate world,” Fernandez said. The group of middle-aged travellers, wearing hats and carrying tents and walking poles, are dressed for a trek. But not everything quite adds up. Many are wearing lightweight Crocs footwear, and their small backpacks are wrapped in plastic bags. * Just over 25,000 of those migrants were Chinese, making them the fourth largest overall nationality and the largest outside of the Americas to making the crossing. * Chinese migrants – unlike many of the other most common nationalities in the Darien, such as Venezuelans and Haitians – often take special “VIP” routes across the jungle that are led by guides working for the Gulf Clan, Colombia’s largest drug cartel, and are quicker and less strenuous for higher prices than the most basic routes. Why we want to go to the United States’ * “Our requirements are very simple: We can afford medical treatment, have a place to live, our children can afford to go to school and our family can be safe.” * Some migrants interviewed by Zhou were misled to believe they could easily get a job for $10,000 in cash a month. However, the reality is that many are struggling to get jobs because employers are fearful of hiring undocumented workers. * “I was forced to do this,” Sheng said while sipping a cup of tea at his hotel in Necocli. “It’s really difficult for most Chinese people to apply for a visa to America. But I feel disillusioned about China. That’s why we’re here in the jungle.” Aljazeera
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  1595.  @richardle3212  Chinese EVs are beating Tesla in price, quality and innovation Tesla is seen as a laggard in China these days and people are basically buying it because of brand name As for the robotaxis (Because we the average westerner is too lazy to read past a headline) Go read just the recent headlines from Western Mainstream Media On Elon Musk’s Tesla trip to China (before you read the rest of this) Reading only those headlines You would get the impression, Tesla is introducing FSD and Robotaxis into the Chinese domestic market When Baidu the company the Chinese Government partnered Tesla with???? As of Q3 2022 has already done 1.4 million paid robotaxi rides As of Q3 2023 4.1 million paid robotaxi rides you really have to dig into multiple western media articles to gleen this real information… rather than Tesla is going there to introduce robotaxis A simple search will tell you Tesla is level 2 Autonomous Baidu is level 4 Autonomous 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC
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  1598. This is where you Americans make your stand???? Teen shaking their a zzzzz to the W app dance on tictok But not this 👇 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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  1602. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1604. India has a younger workforce, a larger workforce, and lower wages. But a 100 billion a year trade deficit with China China is investing heavily into clean, green, renewable And the best we can do is complain overcapacity Meaning our western Governments will do nothing. As this generations Sputnik moment 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  1613. The other option is rich Chinese buying their 4th and 5th homes right about now…. China could easily over heat the markets/economy and have another decade of bubbles The Chinese did that in 2008 as the US subprime prime crisis crashed the world markets And put 27 million out of work and /shuttered 100 thousand factories in China In response the Chinese Government got the banks to loan out 580 billion dollars That created overheated bubbles where their Government had to come in and shutdown and regulate That 580 billion created a big ball of money that went From Real Estate, Shadow Banks, Underground economy, Commodities, Stocks, Bonds and then back to Real Estate 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1621.  @MD97531  ​​⁠ 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 - 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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  1624. There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  1625.  @vivliforia2262  everyone copies just some people complain about it more than others these days…. 🤔🤔🤔 There is now??? 27 books out there on what the Chinese invented that says we in the west copied from them Even right now the Chinese are willing to share the samples they got from the far side of the moon. With you Americans of all people Which no one has been able to send a spacecraft onto that far side except China twice in the last 6 years Where no one else has demonstrated that have that same capability As the Chinese plan to mine the far side of the moon for Helium-3 Which will power fusion reactors and power the space ships to explore the rest solar system, galaxy and universe As that Helium-3 on the moon is expected to power the world for 10,000 years But the Chinese copy our games!!!! 👇 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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  1628.  @Dollarrmb-pk6ub  ​​⁠not if they wipeout the competition It’s going to be an Automated / A.I. future like it or not Question you should be asking us will our countries be willing to give a basic income Some Asian guy in your country advocated for it…Barely anyone voted for him, thought he was nuts They transfer money assets and State owned corporations themselves …into their National Pension Plan We give tax breaks to private sector owned corporations who hide their money offshore in tax havens they have incorporated in 👇 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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  1631. What most people like you don’t get? Is it is 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? They 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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  1632.  @Corbots80  China starts zero-tariff treatment for 6 least-developed African countries Positive move to continue bolstering bilateral trade, show demonstration effect By GT staff reporters Published: Dec 25, 2023 09:45 PM The zero-tariff treatment China had granted for six least-developed African countries officially took effect on Monday. Experts and industry players noted that the move will bolster trade between China and Africa while showing a demonstration effect for China's cooperation with other markets. The Customs Tariff Commission of the State Council, China's cabinet, announced on December 6 that 98 percent of taxable products from Angola, The Gambia, the Democratic Republic of the Congo (DRC), Madagascar, Mali and Mauritania would be exempt from import tariffs starting on Monday. Sarah Wang, executive director of Beijing Wise Century Trading Co, which sells a range of African products, told the Global Times on Monday that such measures will have a huge implication for trade between these countries and China. "With zero tariffs, these countries could expand the sales channels for their local produce, find new ways to generate foreign exchange reserves and create jobs," Wang said. The implementation of the tax break is a significant move contributing to fulfilling the China-Africa comprehensive strategic and cooperative partnership, and realize its responsibility under the WTO-led Aid for Trade Initiative, Song Wei, a professor at Beijing Foreign Studies University, told the Global Times on Monday. GT
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  1641. Now they have just turned us into brain wash.d dummm down westerners over them red book thumping com mies 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 👇 Imperialist media can’t stop lying about mosques in China * Firsthand report from Kashgar On a recent visit to Kashgar, Xinjiang, home to about 80% of the ethnic Uygur population, this writer had a chance to speak to residents and learn about local architecture. Many of the buildings in Kashgar are 1,000 or more years old. These old buildings, while stunningly beautiful, were not built to standards that would be considered seismically safe today in areas with a risk of earthquakes. In the past, collapses and deaths were common. * In 2020, the U.S. Mosque Survey counted 2,769 mosques in this country, compared to China’s more than 35,000 mosques. This means that Chinese Muslims have nearly three times more mosques per capita than do Muslims in the U.S. But the accusations don’t stop at alleged demolition. The Western media have also claimed that the Chinese government is carrying out a process of “Sinification” through the renovations, meaning that China is allegedly removing the Arabic aspects of mosques and replacing them with traditional Chinese architecture. Mosques built in the traditional Chinese-style architecture are presented in the Western media as “evidence” of “cultural erasure,” when in reality mosques built in Chinese style have existed as far back as around 700 C.E. There are also many Muslim populations in China that are not Arabic in origin, such as the Hui population, who were originally descended from Han Chinese and are Chinese-speaking. Because of the ancient Silk Road and the historical mixing of peoples from the Chinese coast with Arab, European and many other peoples, the blending of language, religion and architecture should not be seen as an attempt at Han hegemony, but rather as a natural blending of peoples living side-by-side in a multiethnic nation with more than 5,000 years of recorded history. WorkersWorld
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  1644. @ThadThad-h4i I think you need to educate yourself We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1646.  @WinstonSmithRoom101  ​​⁠ We need immigrants to support the economy no one said anything about housing them if we could throw them into factory type housing without public uproar. Like we do with migrants picking our fruits and vegetables we probably would We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1649.  @Rockiii9  where are you getting your info the 1980s? even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead 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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  1653. Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider
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  1656.  @drscopeify nothing wrong with debt it’s if you can pay it back China has 2.4 trillion in external debt it can pay back No one is saying the USA is about to crash right now… but they are saying that about China Unsustainable model for who? Even though the Chinese 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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  1658.  @Polit_Burro  s why did you pick 1979? 1972 Nixon went to China to get them to open up their economy Sure the Americans may have lost 7 million manufacturing jobs from the height of their manufacturing days. But they gained 53 million service sector jobs 33 million of them higher paying jobs than their manufacturing jobs So with more jobs, more higher paying jobs, and added savings from imported goods did the average American Invest, save, or even throw that money under the mattress???? No they spent those added earnings, and thenborrowed to spend some more 👇 The U.S. Lost 7 Million Manufacturing Jobs--And Added 33 Million Higher-Paying Service Jobs It’s also nonsense. The truth is that America has lost some 7 million manufacturing jobs and added some 53 million jobs in services. This is just what happens with advanced economies–it’s easier to increase productivity in manufacturing than it is in services, this is the heart of Baumol’s Cost Disease. As it was easier to increase productivity in agriculture through mechanising it than it was in manufacturing. Thus, over time, the proportion of the workforce engaged in agriculture falls, so too does the proportion in manufacturing. And given that services (with a couple of small adjustments for mining, construction and utilities) is the name we give to all the rest of the economy therefore an increasing portion of the labour force ends up in services. Further, of those 53 million new jobs some 62% of them were in higher paying occupations than those “high paying good jobs” in manufacturing we lost. Yes, really, 33 million higher paying jobs came along to replace those 7 million lost. Which does, when you look at those numbers properly, seem like rather a good deal. Forbes
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  1659.  @bigmedge  Sure the Americans may have lost 7 million manufacturing jobs from the height of their manufacturing days. But they gained 53 million service sector jobs 33 million of them higher paying jobs than their manufacturing jobs So with more jobs, more higher paying jobs, and added savings from imported goods did the average American Invest, save, or even throw that money under the mattress???? No they spent those added earnings, and thenborrowed to spend some more 👇 The U.S. Lost 7 Million Manufacturing Jobs--And Added 33 Million Higher-Paying Service Jobs It’s also nonsense. The truth is that America has lost some 7 million manufacturing jobs and added some 53 million jobs in services. This is just what happens with advanced economies–it’s easier to increase productivity in manufacturing than it is in services, this is the heart of Baumol’s Cost Disease. As it was easier to increase productivity in agriculture through mechanising it than it was in manufacturing. Thus, over time, the proportion of the workforce engaged in agriculture falls, so too does the proportion in manufacturing. And given that services (with a couple of small adjustments for mining, construction and utilities) is the name we give to all the rest of the economy therefore an increasing portion of the labour force ends up in services. Further, of those 53 million new jobs some 62% of them were in higher paying occupations than those “high paying good jobs” in manufacturing we lost. Yes, really, 33 million higher paying jobs came along to replace those 7 million lost. Which does, when you look at those numbers properly, seem like rather a good deal. Forbes
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  1665. The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. In every exercise the U.S. is not engaged in an abstract push-button war from 30,000 feet up like the ones Americans have come to expect since the end of the Cold War, but a horrifically bloody one. And that’s assuming the U.S.-China war doesn’t go nuclear. Politico
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  1671.  @pevlez  There is now a 27 book series on what the Chinese invented that says we in the west ripped off inventions 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 👇 👇 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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  1673.  @pevlez  like I said there are 27 books out there on what the Chinese invented If you were to take the time to read these books You will rarely find a person named to that invention in China. More likely to read the Chinese invented this or that in such and such a century That’s because they viewed IP differently from us in the west and still do 👇 From Gongkai to Open Source Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  1680. they have done war games/war scenarios over and over Arming the Philippines would just make it a target when the Chinese can produce 1000 cruise missiles everyday. That’s how they plan to win a war with the USA. Out produce the Americans 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. Politico
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  1682. Cut off from money flow from the Central Government These Property Developers junk bonds they were flogging, suddenly became a hot commodity these last few years Where “Sophisticated Foreign Investors” started to pile their money in I actually had a few old contacts from my investment banking days reach out to me for advice as I have been researching China since the late 1980s The general consensus was the Chinese Government would backstop these junk bonds My reply was “not when they cut off money flow to these Developers over a decade ago” They didn’t listen…..🤷 Plus if you are a Property Developer and you get an influx of cash??? What do you think you are going to do? Not build?… 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  1684.  @TheBooban  Look at you shucking it for people who took a risk And had 14 years warning 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1692. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1693. China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways They already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  1695.  @Hkchinese888  stop lying you are a Indian who had to go to Hong Kong to find work 👇 with their engineered slowdown (or else 70% of the people in their city real estate markets would probably be buying their 3rd 4th or 5th homes right about now…. as a few hundred million rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead. (What’s the difference between buying a 4th house vs a 5th house) 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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  1696.  @Hkchinese888  I find you Hong Kongers to be Naive Don’t like the country you live in then leave if you think life is better somewhere else But then you are probably an Indian pretending to be a hong Konger But then it shows how sli my you are that you are at the same level as a Indian call centre sc am mer 👇 BN(O) visa immigrants: Study reveals 50% unemployment rate among Hong Kongers under 65 in the U.K., 99% have no plans to return 2nd November 2023 – (London) A recent study conducted by the “Welcoming Committee for Hong Kongers” organisation, which assists Hong Kongers who have immigrated to the U.K. through the BN(O) Visa, has shed light on the employment situation of these individuals. The study surveyed over 2,000 Hong Kong immigrants and found that only 50% of those under the age of 65 were able to secure employment, indicating a significant unemployment rate among this group. Many Hong Kongers attribute their difficulty in finding employment to factors such as a lack of recognition for their English language skills and qualifications. The study also highlighted the educational background of BN(O) Hong Kongers in the U.K. It revealed that 36% of the surveyed individuals held a master’s or doctoral degree, while 23% had a postgraduate degree. These figures indicate that BN(O) Hong Kongers in the U.K are nearly twice as well-educated as the average UK population. However, despite their educational qualifications, many BN(O) Hong Kongers are facing difficulties in securing employment that matches their skills and experience. Among those surveyed who were employed, 47% felt that their job did not align with their qualifications, and 20% felt that their workload was excessive. Dim sum daily
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  1709. @nocrtname 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. . . 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. . . 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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  1712.  Rocksteady246  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1714. Plus it does not help that the USA decided to go after China in the one area they are behind in Semiconductors Where 6 years ago they had virtually no advanced chip or chip making foundries Blocking chip and chip making equipment forcing them to innovate…. Thinking they could not innovate when they lead the world in 37 of 44 critical technologies of the future The smart thing to have done… would have been to lower prices and dumped even more chips on the Chinese markets as they use to import 300 billion dollars worth of chips per year About 210 billion of that total was legacy chips 👇 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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  1722. Well all one has to do is look at the comments on this thread Most people replying in this thread have no clue what they are talking about when it comes to China So I’m going to reply to you, in reply to them 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1728. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1731.  @usernobody I don’t know why you Americans talk so big You keep losing your wars And your own military leaders don’t think you have a chance against China 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. In every exercise the U.S. is not engaged in an abstract push-button war from 30,000 feet up like the ones Americans have come to expect since the end of the Cold War, but a horrifically bloody one. And that’s assuming the U.S.-China war doesn’t go nuclear. Politico
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  1733. Talk about a Bully Imagine an unprovoked attack on Malaysia, killing Malaysians then seeking a court case against them 👇 How Malaysia ended up owing $15 billion to a sultan's heirs * KUALA LUMPUR, Aug 4 (Reuters) - Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a $15 billion arbitration award in a dispute over a colonial-era land deal. In 1878, two European colonists signed a deal with the sultan for the use of his territory in present-day Malaysia – an agreement that independent Malaysia honoured until 2013, paying the monarch's descendants about $1,000 a year. Now, 144 years later after the original deal, Malaysia is on the hook for the second largest arbitration award on record for stopping the payments after a bloody incursion by supporters of Sultan Mohammed Jamalul Alam's heirs in which more than 50 people were killed. For years, Malaysia largely dismissed the claims but in July, two Luxembourg-based subsidiaries of state energy firm Petronas were served with a seizure notice to enforce the award that the heirs won in February. read more The arbitration ruling in France followed an eight-year legal effort by the heirs and $20 million in funds raised for them from unidentified third-party investors, according to interviews with main figures in the case and legal documents seen by Reuters. *Malaysia did not participate in nor recognise the arbitration - allowing the heirs to present their case without rebuttal - despite warnings that it would be dangerous to ignore the process. The claimants, including some retirees, are Filipino citizens leading middle-class lives, a far cry from their royal ancestors of the Sulu sultanate that once spanned rainforest-covered islands in the southern Philippines and parts of Borneo island. Reuters 👇 Malaysia Wins Court Battle Over $15 Billion Sulu Heirs Award The ruling by the French Court of Appeal questioned the jurisdiction of Spanish arbitrator Gustavo Stampa, who ordered last year’s eye-watering payout. The “partial award” was subsequently nullified by the Spanish High Court of Justice in June 2021, when it ruled that Malaysia had not been properly served ahead of Stampa’s appointment in 2019. In September, however, Stampa took the seemingly unusual step of transferring the arbitration proceeding to Paris, where he would go on to render the final award. Critics of Stampa and the Sulu heirs have accused them of “forum shopping” – of “hopping from one foreign jurisdiction to the next to find a court that was willing to hear their claim,” as two Malaysian writers put it in these pages last year. TheDiplomat
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  1736. Btw the Chinese are not decoupling… they are “preparing” for a decoupling 👇 US-China tech war: Beijing's secret chipmaking champions How Washington's sanctions boosted China's semiconductor sector CHENG TING-FANG and LAULY LI, Nikkei staff writers MAY 5, 2021 06:16 JST 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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  1743.  @taylorc2542  What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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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  1745.  @taylorc2542  The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries 👇 Developing countries’ transition periods Provisions for developing countries, economies in transition from central planning, and least-developed countries Developing countries and economies in transition from central planning did not have to apply most provisions of the TRIPS Agreement until 1 January 2000. The provisions they did have to apply deal with non-discrimination. Article 65.2 and 65.3 Least-developed countries were given until 1 January 2006. Article 66.1. Members have agreed to extend the deadline to 1 July 2034, or to the date a country is no longer “least-developed”, if that is earlier. Pursuant to the Doha Declaration on TRIPS and Public Health, a separate transition period exists for pharmaceutical patents, which currently runs until 1 January 2033. WTO
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  1751.  @PelleGIT  (Because we the average westerner is too lazy to read past a headline) Go read just the recent headlines from Western Mainstream Media On Elon Musk’s Tesla trip to China (before you read the rest of this) Reading only those headlines You would get the impression, Tesla is introducing FSD and Robotaxis into the Chinese domestic market When Baidu the company the Chinese Government partnered Tesla with???? As of Q3 2022 has already done 1.4 million paid robotaxi rides As of Q3 2023 4.1 million paid robotaxi rides you really have to dig into multiple western media articles to gleen this real information… rather than Tesla is going there to introduce robotaxis 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC
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  1752.  @PelleGIT  Apparently Musk went to China to get that Chinese FSD data stored over there by Tesla since 2021 The Chinese probably said no we can’t allow that Chinese data to go to the USA so you can type up some algorithms But we will allow you to team up with Baidu who are already way ahead of you anyways This will help you compete in China vs Chinese EV makers Right now Tesla is level 2 Autonomous Baidu is level 4 Autonomous This should be no surprise to you China saved Tesla back in 2019 when it had production issues and gave it the biggest EV market in the world I remember because I was calculating monthly cash burn rates at the time 👇 Elon Musk revealed on Twitter Tuesday that Tesla was one month away from bankruptcy during the 2017-2019 ramp of Model 3 production. Nov 4, 2020 Foxbusiness 👇 How Elon Musk Built a Tesla Factory in China in Less Than a Year Elon Musk presided over a ceremony at a new multibillion-dollar plant near Shanghai—its first outside the U.S.—where Tesla handed over the first China-made Model 3 sedans to the public Musk’s charm offensive in China has appeared to pay off. Originally just a muddy plot about a 90-minute drive away from Shanghai’s city center, the China plant has quickly come online since it broke ground at the start of 2019. It took twice as long for Tesla’s Gigafactory near Reno, Nevada to begin churning out batteries. Back in China, Tesla has been winning various concessions from local authorities ranging from approvals to preferential loans — all the more notable given the trade war with the U.S. Fortune
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  1758. Divesting to where, the companies that did leave China during the trade war only 5% went back to the USA The majority went to SE Asia and the majority of those companies to Vietnam Back in the 1980s tasked to start researching China for the investment banking firm I worked for I stumbled upon the fact Chinese people and their companies were already leaving China. And going to these SE Asian countries. To the point thaw days ethnic Chinese and their companies economically dominate these economies. And these Countries are dependent on the Chinese economy When I warned about this and CCP China at the time people didn’t believe called me a communist against capitalism as the western world wanted free trade, globalization, open markets These days folks thinking they can run off to countries like Vietnam have no idea what they are talking about 👇 Ethnic Chinese dominate PH economy by Solita Collas - Monsod on Jun 25, 2012 Truly, a picture is worth a thousand words. The pictures of the top 15 Filipino billionaires (in US dollars, mind you) in Friday’s issue of the Inquirer brought home with crystal clarity the domination of the Philippine economy by ethnic Chinese. This is, of course, not a unique situation, as it seems to be the case in all of Southeast Asia Philippine Daily Inquirer 👇 Vietnam posts record 2022 trade surplus with U.S. as China deficit rises * Vietnam's trade surplus with the United States widened to $94.9 billion last year, the highest level on record, * Meanwhile, a trade deficit with China, which is the largest supplier of materials and equipment to Vietnam's labour-intensive manufacturing sector, widened to a record $60.2 billion in 2022 from $54.0 billion a year earlier, Zawya
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  1760. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1764. China actually has a oversupply of higher end homes but not affordable homes 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1769.  @qwertyuiop2994  The real problem is for years we complained China was the number 1 polluter in the world Now that they are investing into green, clean, renewable The complaint is subsidies and overcapacity 🙄🙄🙄🙄 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief 👇 👇 Fossil Fuel Subsidies Surged to Record $7 Trillion Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change IMF
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  1780. This is where you Americans make your stand???? Teen shaking their a zzzzz to the W app dance on tictok But not this 👇 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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  1792. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1800. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1818.  @Q_QQ_Q  Korea and Japan are concentrating on the more advanced or eco friendly ship building these days because the can’t beat China on volume Now the USA wants them to give that high end to them 😂😂😂 With a friend like this… 👇 China Trounces Korea Taking Three-Quarters of Shipbuilding Orders in April PUBLISHED MAY 8, 2024 The Export-Import Bank of Korea’s Overseas Economic Research Institute highlights that South Korea’s industry is following a selective order-taking strategy. The yards are focusing on high-value new builds as well as emerging technologies for eco-friendly and technologically advanced vessels. In the first quarter of 2024, just over half of the orders received by the South Korean yards were for liquified petroleum gas (LPG) carriers. The emerging category of very large ammonia carriers was just over 20 percent of the orders. Korean shipbuilders failed to take any orders for VLCCs last year and are now seeing a slowing in containership construction orders. Analysts are questioning South Korea’s strategy. They note that orders for LNG carriers which have been among the highest-priced vessels have likely peaked driven by the 104 orders placed mostly with the Korean yards linked to Qatar’s expansion. Qatar Energy reported it has completed the second tranche of its orders signing a massive contract with China for 18 Q-Max carriers, the largest LNG vessels. China’s yards have built large production capacities and are very competitive on price. Analysts highlight that China is now targeting more of the mid-sized vessel construction orders previously led by Japanese yards. In addition to the Q-Max order last month, Chinese yards received the only large orders for new containerships in 2024. China’s yards are also breaking into new technologies including methanol-fueled vessels. Maritime-Executive
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  1827.  @beautanner8409  It’s the same…. imagine if some rebel Canadians dissatisfied with the Canadian Government Went up North and took land near the North West Passage where the ice is melting And then the Russians and Chinese stopped anyone from taking back that land by force (Probably because of the new trade routes) That’s basically the issue for you … as we do freedom of Navigation through the Taiwan Strait 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. In every exercise the U.S. is not engaged in an abstract push-button war from 30,000 feet up like the ones Americans have come to expect since the end of the Cold War, but a horrifically bloody one. And that’s assuming the U.S.-China war doesn’t go nuclear. Politico
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  1835. The difference is this 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 Buying for US debt is not unlimited. In 2011 the US FED had to buy 71% of the newly issued external Sovereign debt by the US Treasury 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. Where the US Treasury would issue new corresponding debt for the public to buy. Where they managed to dump about 600 billion in debt in the American people being the biggest buyers of US Sovereign Debt It ended during Q3 of 2019 Because that selling of debt ended up freezing 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 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. And didnt bailout foreign investors who took a risk buying those junk bonds While the USA left their real estate market to implode. Keep the money flowing to the companies and bailed out foreign investors who invested in private internal debt Yet we are complaining who is capitalist/communist 👇 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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  1843.  @chrissmith2114  the mistake we westerners make? Is we expect the Chinese to think like us. So whatever they are trying to do? If there is a setback, problem, issue etc etc etc We expect the Chinese to give up what they are trying to do, because that is how we think 👇 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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  1845. China just went on crackdown with its online gaming companies 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, heath, education and even marriage prospects Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Unlike here in the west where we are going the other direction
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  1846.  @tonysu8860  ​​⁠ another way to look at it 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 making that 100% homemade chip 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 👇 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 👇 Applications in Semiconductor Manufacturing Lasers and Lithography Lasers are indispensable in semiconductor manufacturing, especially in advanced lithography. REEs like neodymium are used in Nd:YAG lasers, which are critical for UV light generation in lithography processes. Laser Cleaning As semiconductor components shrink, traditional cleaning methods become less effective. Lasers, particularly those using REEs, offer a solution by dislodging particles adhered to wafers through Van Der Waal forces. Magnets and Plasma Material Processing Permanent magnets, often made from REEs like neodymium, are used in plasma material processing systems. These systems are essential for thin film growth and patterning. Coatings and Abrasives REEs like yttrium oxide are used for coatings in plasma etch chambers, reducing maintenance costs. Cerium dioxide abrasives are used in the Chemical Mechanical Polishing (CMP) process to achieve extremely flat wafer surfaces. The Impact on Adjacent Technologies Optoelectronics and LEDs REEs like cerium and yttrium are vital for the production of white LEDs. These LEDs are increasingly used in various applications, from displays to therapeutics. Silicon Photonics In the emerging field of silicon photonics, REEs like erbium are being studied for their potential to enable silicon to emit light, thus making monolithic silicon photonics chips a possibility. Amr Elgarony
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  1859. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines (off the shores of Malaysian land) if we are arguing strictly “proximity” Malaysia wins in their dispute with the Philippines Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in 1971 on those disputed islands and waters Where China makes a 200 BCE “historical claim” that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth themselves 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1861. ⁠ ​​⁠Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservatives minded folks back then, were pushing for Globalization and Free Trade Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing suddenly woah oak snow fl ache indignation on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them 👇 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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  1862. It’s actually not much different 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1865.  @tooltalk  ​​⁠ What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner But in “most” cases when you go to China to open up a factory, and export those goods back to your own country /the EU you don’t have to take on a JV partner It is mostly your own European multinationals making the lions share of the profits (who stocks are listed on your stock exchanges and in your own European stock portfolios and Pension funds) They are the ones sending you those goods and services, inflating that trade deficit you have with China Not only that, these multinational companies derive a huge amount of profits. While based in China selling to Chinese domestic consumers We are just lucky they don’t just boot these foreign companies, as they don’t believe in zero-sum game type of thinking 👇 Europe's listed firms expect to glean $514 billion in revenue from China LONDON (Reuters) - European listed firms expect to receive 449 billion euros (£392 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows. The data underscores the role China's burgeoning middle class is increasingly playing in determining the corporate and economic health of Europe, as concerns grow that their spending has slowed as Chinese economic growth cools. Among the pan-European STOXX 600 index, consumer firms including Swatch, Richemont and BMW, derived the biggest chunk of revenues from China - with a total of 120 billion euros sales from the country, the analysis based on companies' estimates of their 2019 revenue shows. Reuters
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  1866. Chinese EVs are not even in the USA not sure what you are babbling about 👇 Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  1878. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1882. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1890. What most people don’t get? Is it is 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 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 into the 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? They 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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  1895. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  1903. @Rocksteady246 We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  1908.  @LoyaFrostwind  Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. Has China been unfairly singled out? So, has WADA succeeded in changing the narrative? Probably not. Why? Because putting the words “China” and “doping” together is a lightning rod in the current political climate given the intense rivalry between China and the US. Currently there are 23 people serving anti-doping suspensions in Australia. Do we feel personal or national shame for their wrongdoing? Every time the US team marches into an Olympic Games, or steps up onto a World Championships medal podium, do we point at them while recalling memories of the US Postal Service cycling team and the banned-for-life cyclist Lance Armstrong? But when it comes to China, many observers are quick to name and shame athletes, viewing every news story as some kind of proof the country must have a systemic, state-sanctioned doping program. The Conversation
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  1917. Most people like you have no clue what they are talking about when it comes to China The irony is you would not believe a single word MSM, like CNN tells you. Except when it comes to China you just lap it up 🤔 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1923.  @antonyjh1234 the last 2 years China has put us to shame 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  1926.  @antonyjh1234  did you even read the articles I posted? They are going toward a green,clean renewable future Not because they are suddenly environmentalists But because there is money to be made in it the mistake we westerners make? Is we expect the Chinese to think like us. So whatever they are trying to do? If there is a setback, problem, issue etc etc etc We expect the Chinese to give up what they are trying to do, because that is how we think That’s what we do Instead it’s everyone wins everyone gets a participation ribbon mindset…. No one fails When I say it will take time? That is failure for the average westerner and time to give up Because 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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  1929.  @antonyjh1234  How China Became the World’s Leader on Renewable Energy China has achieved stunning growth in its installed renewable capacity over the last two decades, far outpacing the rest of the world. But to end its continued dependence on fossil fuels, it must now move ahead with planned reforms to its national electricity system. BY ISABEL HILTON MARCH 13, 2024 In 2020, for example, China pledged to reach 1,200 gigawatts of renewables capacity by 2030, more than double its capacity at that time. At its present pace, it will meet that target by 2025, and could boast as much as 1,000 gigawatts of solar power alone by the end of 2026, an achievement that would make a substantial contribution to the 11,000 gigawatts of installed renewable capacity that the world needs to meet the 2030 targets of the Paris Agreement. Fossil fuels now make up less than half of China’s total installed generation capacity, a dramatic reduction from a decade ago when fossil fuels accounted for two-thirds of its power capacity When the International Energy Authority issued its assessment of the pledge to triple renewables globally by 2030, it pointed out that the 50 percent increase in global renewable installations in 2023 was largely driven by China. In 2022, China installed roughly as much solar photovoltaic capacity as the rest of the world combined, then went on in 2023 to double new solar installations, increase new wind capacity by 66 percent, and almost quadruple additions of energy storage. Yale EDU
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  1950.  @chaoskid1211 seriously still talking Mao You Americans have caused the demise of 30 million people in your vvars since WW2 no one says sheeeet about that China harbinger for us here in the west looking to these American/ far right Governments like the ones getting elected in Europe right now, With the type of thinking that our forefathers actually fought that WWII against And as we look close ourselves off China has had the luxury of rising and falling few times in history The reason why there is a 7 volume 27 book series on what they invented first But we think they just copy and can’t innovate The last being in the 1500s China spent the better part of a millennia trading places with India for top economy in the world By the 1430s it was by far the top economy and technological leader in the world But their emperor at the time started the slow process of closing in on itself closing off its borders This lead to 400 years of decline and then an eventual semi colonization of China for 100 more years. Even up to the 1980s… 88% of the population was in abject poverty, knee deep in the mud of their family rice paddy plot, or making a dollar a day on a factory floor The big difference is back then they were not running up these huge external sovereign debts like we are seeing these days with our own Western Countries Now they are back as they lead the world in 37 of 44 critical technologies of the future But it took them 550 years to come back … so you can understand how they feel today I don’t think what ever western country you are from could last 500 years of decline
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  1957.  @mauriceharting5877 China is still a developing country the are following the rules at best bending them The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries 👇 Developing countries’ transition periods Provisions for developing countries, economies in transition from central planning, and least-developed countries Developing countries and economies in transition from central planning did not have to apply most provisions of the TRIPS Agreement until 1 January 2000. The provisions they did have to apply deal with non-discrimination. Article 65.2 and 65.3 Least-developed countries were given until 1 January 2006. Article 66.1. Members have agreed to extend the deadline to 1 July 2034, or to the date a country is no longer “least-developed”, if that is earlier. Pursuant to the Doha Declaration on TRIPS and Public Health, a separate transition period exists for pharmaceutical patents, which currently runs until 1 January 2033. WTO
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  1966. @TeeHee-vo1bn with their engineered slowdown (or else70% of the people in their city real estate markets would be buying their 3rd 4th or 5th homes right about now…. as a few hundred rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days 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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  1975. CNBC is a little biased This was all by design by the Chinese Central Government 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  1980.  @jlv3x  What most people like you don’t get? Is it is 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? They 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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  1988. The Chinese Treasure Fleet in 15th century Philippines - Carmen Guerrero-Nakpil - May 19, 2008 * It was the people of our archipelago who discovered Magellan and the Europeans in 1521, not the other way around, as most Filipinos were taught by our grade-school textbooks. Our islands and their inhabitants were well-known to a larger, richer world that of Chinese emperors and scholars and Arab traders, as early as the 9th, even 6th centuries. And certainly by 1000 A.D., our shores were regular ports of call in the trade with China, then the most powerful nation on earth. Chinese chronicles, European archaeologists and the diggings in our pre-colonial burial grounds prove that those ancient Filipinos used fine porcelain, weights and measures imported from China, and recorded written contracts. Chao-Ju-Kua reported that Chinese traders visited Ma-I (Luzon) regularly, leaving silks, porcelain and metal utensils on the beaches of designated islands, and returning weeks later to collect payment in the form of beeswax, gold dust, carabao horn, ginger, cinnamon or garlic. It was an import-export system run on a reliable honor system with unquestioned good faith. (Tell that to our Bureau of Customs.) “Filipinos had long been literate when Magellan came.” writes Harvard historian Laurence Bergreen, one of the sources of this article. * When Magellan’s Spanish Armada hove into view in March 1521, the natives of Homonhon in the Visayas must have taken pity on the small black ships with tattered sails and scruffy, starving, disoriented sailors, for they sent a small rowboat packed with rice, coconuts and bananas to their rescue. On the next island, the white, bearded strangers were feted in a bamboo palace with a banquet of roast fish, pork, turtle eggs and palm wine, by a native king whose queen wore a black-and-white gown, red lips and nails, while a quartet of young, topless damsels played music on various gongs and drums. Those early Filipinos had been more accustomed to the tall, prosperous, Chinese ships with a trio of feathery sails stiffened with battens, for the China trade had been in place for at least 500 years. During the Ming Dynasty, Filipinos enjoyed the visits of the Treasure Fleet (1405-1500) of Admiral Cheng Ho (Zhen He) a huge, 7-ft tall, powerful eunuch, who had built 1,500 massive, 500-ft ships in a giant shipyard in Nanking with the help of 30,000 workers. The luxurious ships, each manned by 1,000 sailors ruled the South Pacific and the Indian Ocean. * But the Chinese were not interested in conquest or territorial aggrandizement. Their purposes were trade and diplomacy. That was what our ancestors expected when they first saw the Spanish Armada. Filipinos had never seen white men before Magellan and never thought the strangers would be as rapacious and predatory as they would prove to be. They assumed the new foreigners to be poor and needy because they had only glass beads, a string of little bells and a red cap (Magellan’s gifts) to reciprocate the native prodigality. The white men were, in fact, so dazzled by the earrings, chains, armlets and anklets, of pure gold, worn by both the native men and women that Magellan had to warn them against showing their covetousness. Philstar
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  2005. As for Chinese owned and made…. they have been actually sending it to their Belt and Road partners But eventually it will make it to you Brits the rest of the world Because you can’t beat cheaper, better and faster 👇 Trump’s ‘trade war’ with China won’t be so easy to win President Donald Trump’s team will learn that finding China’s pain points in terms of trade is more difficult than expected, as Beijing continues to focus on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries 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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  2012. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2013. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2017.  @waynegnarlie1  On 1 July 2018, China slashed the import tariff rates of daily consumer goods involving 1,449 tariff lines. The term ‘daily consumer goods’ covers eight categories of product: food; apparel, footwear and headwear; furniture and houseware; sundry grocery items; cultural, sports and entertainment supplies, home electronics; daily chemical products; and medical and health products. The average tariff rates of the goods involved have been reduced from 15.7% to 6.9%, a reduction of 55.9%. Among these, the average import tariffs for apparel, footwear, headwear, kitchenware and fitness products have been reduced from 15.9% to 7.1%. For home appliances, such as washing machines and refrigerators, the reduction was from 20.5% to 8.0%. For processed food, the rates were cut from 15.2% to 6.9%. The average tariff rates for detergents, cosmetics, such as skincare and haircare products, and some medicine and health products have fallen from 8.4% to 2.9%. This is the fifth time that China has lowered import tariffs for consumer goods in recent years. In November 2018, China reduced the import tariffs on 1,585 taxable items, including industrial goods. The average tariff rate for high demand mechanical and electrical equipment, such as construction machinery, instruments and meters, was lowered from 12.2% to 8.8%. For textiles and building materials, the average tariff rate was cut from 11.5% to 8.4%, while that for certain resource goods, such as paper products, as well as primary goods fell from 6.6% to 5.4%. ResearchHKTDC
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  2018.  @TheBooban  The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange???? the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries 👇 Developing countries’ transition periods Provisions for developing countries, economies in transition from central planning, and least-developed countries Developing countries and economies in transition from central planning did not have to apply most provisions of the TRIPS Agreement until 1 January 2000. The provisions they did have to apply deal with non-discrimination. Article 65.2 and 65.3 Least-developed countries were given until 1 January 2006. Article 66.1. Members have agreed to extend the deadline to 1 July 2034, or to the date a country is no longer “least-developed”, if that is earlier. Pursuant to the Doha Declaration on TRIPS and Public Health, a separate transition period exists for pharmaceutical patents, which currently runs until 1 January 2033. WTO
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  2024. Most people taking about China right now have no clue about the country if you bothered to look 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2031. Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. Has China been unfairly singled out? So, has WADA succeeded in changing the narrative? Probably not. Why? Because putting the words “China” and “doping” together is a lightning rod in the current political climate given the intense rivalry between China and the US. Currently there are 23 people serving anti-doping suspensions in Australia. Do we feel personal or national shame for their wrongdoing? Every time the US team marches into an Olympic Games, or steps up onto a World Championships medal podium, do we point at them while recalling memories of the US Postal Service cycling team and the banned-for-life cyclist Lance Armstrong? But when it comes to China, many observers are quick to name and shame athletes, viewing every news story as some kind of proof the country must have a systemic, state-sanctioned doping program. The Conversation 👇 Sports Med Open. 2024 Dec; 10: 57. Published online 2024 May 20. doi: 10.1186/s40798-024-00721-9 PMCID: PMC11102888PMID: 38763945 Doping Prevalence among U.S. Elite Athletes Subject to Drug Testing under the World Anti-Doping Code Depending on the method of calculation, 6.5–9.2% of the 1,398 respondents reported using one or more prohibited substances or methods in the 12 months prior to survey administration. Specific doping prevalence rates for each individual substance / method categories ranged from 0.1% (for both diuretics / masking agents and stem cell / gene editing) to 4.2% for in-competition use of cannabinoids. NIH 👇 Lewis: ‘Who cares I failed drug test?’ Duncan Mackay Thu 24 Apr 2003 01.51 BST Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. THEGUARDIAN
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  2034. That’s the idea 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2037.  @whatcouldgowrong7914  Tesla is losing out to Chinese EV makers these days They don’t need the world industrialized nations. As China has been selling their cars to their Global South/BRI partner countries And really let’s pretend they don’t know. They will get tariffs if they take a large market share in Australia or where ever. And not like these Countries would allow Chinese to set up factories to manufacture EVs in Australia or where ever Tesla is losing out these days That’s because they are basically a legacy brand. People are buying in brand name alone Unable to compete on price, quality or innovation Even just recently with Musk going over to that country???? You would get the impression, Tesla is introducing FSD and Robotaxis into the Chinese domestic market When Baidu the the Chinese company the Chinese Government partnered Tesla with???? As of Q3 2022 has already done 1.4 million paid robotaxi rides As of Q3 2023 4.1 million paid robotaxi rides you really have to dig into multiple western media articles to gleen this real information… rather than Tesla is going there to introduce robotaxis 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC 👇 Baidu's Apollo Go offers 821,000 rides in Q3 2023, up 73% YoY Apollo Go, Baidu's autonomous ride-hailing service, provided 821,000 rides in the third quarter of 2023, up 73% year over year. As of September 30, 2023, the cumulative rides provided to the public by Apollo Go reached 4.1 million. CarNewsChina
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  2042. Korea and Japan are concentrating on the more advanced or eco friendly ship building these days because the can’t beat China on volume Now the USA wants them to give that high end to them 😂😂😂 With a friend like this… 👇 China Trounces Korea Taking Three-Quarters of Shipbuilding Orders in April PUBLISHED MAY 8, 2024 The Export-Import Bank of Korea’s Overseas Economic Research Institute highlights that South Korea’s industry is following a selective order-taking strategy. The yards are focusing on high-value new builds as well as emerging technologies for eco-friendly and technologically advanced vessels. In the first quarter of 2024, just over half of the orders received by the South Korean yards were for liquified petroleum gas (LPG) carriers. The emerging category of very large ammonia carriers was just over 20 percent of the orders. Korean shipbuilders failed to take any orders for VLCCs last year and are now seeing a slowing in containership construction orders. Analysts are questioning South Korea’s strategy. They note that orders for LNG carriers which have been among the highest-priced vessels have likely peaked driven by the 104 orders placed mostly with the Korean yards linked to Qatar’s expansion. Qatar Energy reported it has completed the second tranche of its orders signing a massive contract with China for 18 Q-Max carriers, the largest LNG vessels. China’s yards have built large production capacities and are very competitive on price. Analysts highlight that China is now targeting more of the mid-sized vessel construction orders previously led by Japanese yards. In addition to the Q-Max order last month, Chinese yards received the only large orders for new containerships in 2024. China’s yards are also breaking into new technologies including methanol-fueled vessels. Maritime-Executive
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  2043.  @randomaccount598  A few things we learned since the 2008 subprime crisis Buying for US external Sovereign debt is not unlimited. In 2011 the US FED had to buy 71% of the newly issued debt by the US Treasury That 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 up to 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. Where the US Treasury would issue new corresponding debt for the public to buy. It ended during Q3 of 2019 Because that selling of debt helped in freezing 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 do a QE 2.0 and buy back that Treasury debt it dumped and more Last I checked they ran that FED balance sheeet to 8.9 trillion. But are closer to 8 trillion now 👇 No Surprise, Fed Was Biggest Buyer of Treasuries in 2013 THE Federal Reserve financed most of the government’s deficit in 2013, in sharp contrast to the year before, when the Fed did not add to its holdings of Treasury securities. The American private sector appears to have been a net seller of Treasuries in 2013, but the foreign private sector was a substantial buyer, according to government estimates released this week. In 2013, the government issued a net $759 billion in Treasury securities to the public. That was the lowest figure in six years, as the budget deficit declined because of a healthier economy, which increased tax receipts, and to government austerity that cut spending. The Fed bought a net $543 billion of Treasuries during 2013. That was not a record amount — in 2011 it had purchased $656 billion — but it enabled the Fed to finance 71 percent of the net Treasury borrowing during the year. NYT
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  2051. This is why China would win... This Chip industry where the Chinese are actually behind. The USA bright idea was to cut off technology and make them innovative. Would have been smarter to lower prices and dump chips into China / / 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. Yangtze Memory Technologies Co. plant in Wuhan. (Photo by Yusho Cho) 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. "Previously, when China talked about self-sufficiency, they were thinking about starting to cultivate some viable chip developers that could compete with foreign chipmakers," a chip industry executive told Nikkei. "However, they did not expect that they would need to do all that, starting from fundamentals. "It's like when you want to drink milk -- but you not only need to own a whole farm, and learn how to breed dairy cows, and you have to build barns, fences, as well as grow hay, all by yourselves." Nikkei
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  2059. There is now a 7 volume “27” book series on what China invented that says they taught the world a few things themselves 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? MySingaporeBlogSpot
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  2063. Chinese Government has banned TicTok in China themselves and are wary about these Social Media Sites With that said this is really about China and US relations More accurately the US/China trade war Where the real goal isn’t trade deficits It’s to get more or better access for US multinationals into Chinese Domestic markets What most people don’t get? Is it is 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 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 into the 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? They 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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  2068. The irony is you don’t even know what really was going on If China really wanted that land that no one wants…. They could have cut off the water flowing along the river and made that land even more useless Why would China cause that incident???? Could it be that exactly around that same time, even the Russians were pushing for China to vote to give India a permanent seat on the UN Security Council? Don’t hear much about that anymore 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  2071. 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. MySingaporeBlogSpot
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  2088. You want a real threat: What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. These days using illegal labour smuggled in from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in 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, deriving a good pot of their profits from China these days Same companies who the American farmer and consumer were sacrificed. So these companies could get even more or better access into those Chinese Domestic markets 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? They 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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  2105. @TeeHee-vo1bn What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? What most people don’t get? Is it is 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 into the 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? They 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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  2113.  @张玉栋-q1h  FIRST READING: The heinous offenders Canada has freed in just the last three months Despite assurances that Robert Pickton will never obtain parole, it's not entirely beyond the realm of possibility This month, one of Canada’s most notorious serial killers officially became eligible to apply for day parole. Published Feb 28, 2024 • Last updated Feb 28, 2024 • 8 minute read It was 22 years ago that Robert Pickton was first arrested at his Port Coquitlam pig farm under suspicion of being personally responsible for scores of women disappearing from Vancouver’s Downtown Eastside. Convicted for the second-degree murder of six women, Pickton has confessed to killing as many as 49. But under Canadian criminal law, there is zero mechanism to sentence an offender to life imprisonment. While Pickton was technically handed a “life” sentence, that just means his parole conditions never expire. Like any convicted murderer, he can apply for day parole just 22 years after his arrest, and full parole after 25 years. On the day before Pickton’s parole eligibility, families of his victims gathered outside the farm where he had committed the murders. Speaking to the Canadian Press, they said lawyers had assured them that Pickton would never be paroled, but that they had few reasons to believe them. “I don’t trust the system. There’s always going to be that fear,” said Lorelei Williams, cousin of Pickton victim Tanya Holyk. While Pickton may yet remain a special case, the Canadian justice system has indeed granted parole to any number of heinous criminals that the public assumed would never get out, including mass shooters, serial killers, cannibals, cop-killers and the murderers of children. NP
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  2115. More like well over 2 trillion closer to the 3 trillion others have posted about in this thread 👇 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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  2125.  @Pain-zd5uo  Hambantota Port – Myths and Realities * Contrary to popular belief, the debt servicing costs on account of the loans obtained from Exim bank were not significant in the overall context of the external loan portfolio of Sri Lanka, with loan installments (including interest) amounting to less than five percent of Sri Lanka’s total external debt repayments. As the second phase of the Hambantota port project has not commenced, loans for this phase have not been obtained. Five loans for the port (excluding loans obtained for a bunkering facility project) were acquired in the period from 2007 to 2014. Including concessionary loans, the entire loan portfolio pertinent to the construction of Hambantota port amounted to $1.263 billion. One possible disadvantage to the concessionary loan structure could be that the payback period was not too long and had an in-built shorter grace period, but Chinese loans in such projects are regularly rolled over. The scandal surrounding the “Hambantota port sale” is not justified as the acquiring transaction was not contingent on default by Sri Lanka on its external debt to China’s Exim bank; rather it was a lease arrangement for a period of 99 years at a consideration of $1.12 billion. Sri Lanka has not transferred ownership of the port. The arrangement of the lease is distinct from loans pertinent to port construction and it is noteworthy that the lease was not accompanied by cancellation of debt due by Sri Lanka to China. Substantive port operations and accompanying revenues are now the exclusive domain of China Merchants Port Holdings Company (CMPort), which was transferred an 85 percent stake effective December 2017. For the sake of appearances, Sri Lanka retains a 15 percent stake in the joint stock company. Significantly, foreign countries are not permitted to use Hambantota's port facilities for military purposes without obtaining permission from the Sri Lankan government. Maritime-Executive
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  2133. they have done war games/war scenarios over and over Arming the Philippines would just make it a target when the Chinese can produce 1000 cruise missiles everyday. That’s how they plan to win a war with the USA. Out produce the Americans 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. Politico
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  2139.  @PM21-s2w as for the China slowdown Time to learn what we are up against instead of being a 5th columnist American People like you fooled people into thinking China was going to crash for over 30 years now 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2144.  @rodneyramsay5561  I wouldn’t trust Anything Mainstream Media tells me about China That’s the real irony people like you wouldn’t believe a single thing Mainstream Media tells you Unless it’s about China Here something they won’t tell you to make up for pension shortfalls in China as people move into cities. They are looking into centralizing their Pension system. In the meantime they transfer money and assets from State owned enterprises into their Pension system They are more likely to be the ones who give a universal basic income as AI takes over their country and the world for that matter 👇 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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  2145.  @rodneyramsay5561  here is one thing you don’t get this recent China slowdown was for the people at the bottom of their society as 200 million rural folk are still expected to migrate to the cities rural folk are less well off than their city folks But Mainstream Media will give you all this doom and gloom China bout to crash 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2154. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2156. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2157.  @lordofsevenrealms  Wasn’t to long ago we were complaining about China being the worlds biggest polluter Now as they invest in Green, Clean, Renewables etc. etc? We cry overproduction and they subsidize this or that 🙄🙄🙄🙄 They are actually spending the money and making those changes What are our western Governments doing since we are the ones most vocal about climate change and China being the worlds biggest polluter ??? 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief 👇 Fossil Fuel Subsidies Surged to Record $7 Trillion Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change IMF
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  2160. Not uincluding the USA China has close to a 600 billion dollar trade surplus with the rest of the world What most people don’t get? Is it is most 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 smuggled in from South East Asia. Or more and more automation in their wholly owned factories in China these days XD 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 into the 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? They 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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  2163. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  2168. This was by design 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2191. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2193. 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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  2194. Chinese EVs market is booming And it will boom more as their Government has cracked down on their speculative and overheated real estate. While pushing their people to invest in technologies of the future instead 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2195.  @johnk-pc2zx  Yes even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 But with no other viable investment options left these days Their Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead This is where China already leads the world in 37 of the 44 critical technologies of the future already As they pile even more money into these 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 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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  2203.  @jayceh  From my understanding Musk went to China to get that FSD data they had from Tesla vehicles driving in China since 2021. Maybe that was a smoke screen and the real reason Musk was there was to get approval to get into the Chinese domestic robotaxi market Or maybe the Chinese Government said no you can’t take that data to the USA to help you write up Algorithms for self driving robotaxis But we will let you partner up with Baidu instead. As they are already way Ahead of you …. 👇 China leads way with self-driving vehicle tech By CHENG YU China Daily Updated: Oct 07, 2023 Revenue of nation's autonomous auto market expected to exceed $500b by 2030 * WeRide, a global autonomous driving company headquartered in Guangzhou, Guangdong province in South China, created a splash when the United Arab Emirates awarded it the country's first national license for self-driving vehicles. This was the first such license globally, giving WeRide a place in history. With the move, WeRide, which mainly offers level-4 autonomous driving solutions, is able to conduct various road tests of autonomous vehicles on open roads across the Middle Eastern country. Level-4 autonomy means the car can drive by itself in most conditions without a human backup driver. * According to a report by BloombergNEF, China will operate the world's largest robotaxi fleet with about 12 million units by 2040, followed by the US, which is expected to have around 7 million autonomous vehicles by that time. Another report by global consultancy IHS Markit said that China's self-driving taxi market alone is expected to reach 1.3 trillion yuan ($178 billion) by 2030, accounting for 60 percent of the country's ridehailing market. ChinaDaily
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  2208.  @HellBot-gi5si  Chinese AI companies a perfect match for domestic chipmakers Published: 27 March 2024 Reading Time: 5 mins Some China observers contend that Washington’s export control strategies incentivise Chinese enterprises to bolster their self-reliance. Nvidia, a US chipmaker, has garnered attention for consistently introducing ‘China-specific’ redesigned chips, relieving Chinese chipmakers grappling with business constraints. Following the implementation of export control measures, Nvidia’s 2023 revenue and stock prices surged. During a visit to China in January 2024, Nvidia’s CEO Jensen Huang referred to 2023 as a ‘dream year’ for the company. Nvidia commands approximately 90 per cent of China’s chip market, particularly in artificial intelligence (AI) chips. TrendForce, a Taiwan-based technology consultant, forecasts that by 2030, Nvidia’s revenue from China will decrease to less than 50 per cent. Nvidia identified China’s tech giant, Huawei Technologies, as its most significant competitor in its annual report. Despite heavy dependence on Nvidia’s leading-edge chips, Chinese chipmakers are showing a diminishing interest in the company. Market leaders in China have expressed growing apprehensions about buying more stock from Nvidia, citing significant downgrades in chip performance leading to cost inefficiencies. A rising number of Chinese chipmakers believe that a sustained, long-term partnership with Nvidia is untenable, prompting them to explore domestic alternatives. In their pursuit of long-term stability, Chinese chipmakers seem inclined to endure short-term challenges, with China’s Huawei emerging as a prominent contender. EastAsiaForum
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  2215. There is now a 27 book series that says we copied from the Chinese 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  2230.  @BreadBox42  They come here because we tell them our way of live and education is better than there life over there Plus 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2241. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  2249. Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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. 👇 China attempts to deflate its unstable property bubble China is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijing Wed 9 Mar 2011 19.24 GMT Chinese officials are blaming speculators for soaring property prices and are vowing to build 36m affordable homes over the next five years. There are already widespread concerns about China's booming property market and the threat it poses to the country's expanding economy. China would spend nearly $200bn (£123bn) on an affordable homes and social housing scheme, said deputy housing minister Qi Ji in Beijing . The pledge came a few days after premier Wen Jiabao promised to "resolutely" curb speculation to tackle excessively rapid price increases The authorities have taken various steps since spring last year to dampen the property market. These include raising interest rates, increasing the minimum downpayment required on second homes and restricting the rights of foreigners to buy property. Two Chinese cities are now imposing sales tax on property deals. While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%. The Guardian
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  2252. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These multinationals are still using the same highly polluting labour intensive formula. Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets 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 option and boot these companies you might ask? They 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 hey we’re 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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  2265. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  2269.  @Hkchinese888  I’m not those people Or you could go to the UK … What ever you are Muslim, Indian, Filipino or Chinese I know you have never been to any of our countries you think there is freedom in… they don’t like coloured people like you … only difference in the Hong Kong/Chinese people have taken over the big cities like Vancouver and Toronto and pushed the racist folks out 👇 BN(O) visa immigrants: Study reveals 50% unemployment rate among Hong Kongers under 65 in the U.K., 99% have no plans to return * 22nd November 2023 – (London) A recent study conducted by the “Welcoming Committee for Hong Kongers” organisation, which assists Hong Kongers who have immigrated to the U.K. through the BN(O) Visa, has shed light on the employment situation of these individuals. The study surveyed over 2,000 Hong Kong immigrants and found that only 50% of those under the age of 65 were able to secure employment, indicating a significant unemployment rate among this group. The study also highlighted the educational background of BN(O) Hong Kongers in the U.K. It revealed that 36% of the surveyed individuals held a master’s or doctoral degree, while 23% had a postgraduate degree. These figures indicate that BN(O) Hong Kongers in the U.K are nearly twice as well-educated as the average UK population. * However, despite their educational qualifications, many BN(O) Hong Kongers are facing difficulties in securing employment that matches their skills and experience. Among those surveyed who were employed, 47% felt that their job did not align with their qualifications, and 20% felt that their workload was excessive. DimSumDaily
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  2270. The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese Government trying to get their people to use homegrown chips 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 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 China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year 👇 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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  2279. Welll your post didn’t age well There is now a 7 volume 27 book series on what China invented first that says the world copied from them 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 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 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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  2282. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  2283. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2303. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines off the shores of Malaysian land) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in the 1970s on those disputed islands and waters Where China makes a 200 bce historical claim that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  2307.  @captaincabbagio  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2329.  @louis8743  ​​⁠ America and it’s NATO lackeys both Russia and Ukraine receive dual use exported goods from China we know this because the Ukrainians started to use Chinese made retail toy store drones over US made military grade drones 😂😂😂 👇 Ukraine and Israel buying Chinese civilian drones for combat use; shun U.S military drones Kevin Walmsley YouTube 👇 How American Drones Failed to Turn the Tide in Ukraine Drones from American startups have been deemed glitchy and expensive, prompting Ukraine to turn to alternatives from China Updated April 10, 2024 at 4:56 pm ET The Silicon Valley company Skydio sent hundreds of its best drones to Ukraine to help fight the Russians. Things didn’t go well. WSJ 👇 Chinese UAVs ‘Outperform’ US Drones In Ukraine War; WSJ Report Calls US-Made UAVs Fragile & Ineffective April 10, 2024 According to WSJ, most small unmanned aerial vehicles (UAVs) developed by American firms have struggled to perform in combat scenarios. This development blows the hopes of these companies, who anticipated that combat testing would bolster sales and attention for their products. Moreover, it poses challenges for the Pentagon, which requires a reliable supply of thousands of small drones for various purposes. Sources cited in the report, including drone company executives, Ukrainian frontline personnel, government officials, and former US military officials, outline several key issues plaguing US-made drones. These include exorbitant costs, technical faults, and complex repair processes. In particular, Ukrainian officials have found US-made drones to be fragile and ineffective against Russian jamming and GPS blackout technology. Instances have been reported where these drones failed to take off, complete missions, or return safely. Moreover, they often fall short of advertised flight distances and payload capacities. Eurasiatimesnews 👇 American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones Chris Panella Apr 10, 2024, 3:44 PM ET American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. * The problems with many US-made drones, particularly some of the smaller ones, are that they often don't function as advertised or planned and easily glitch when targeted by Russian jamming, sources told The Wall Street Journal. They are fragile and vulnerable to electronic warfare. For some of the systems that were sent to Ukraine, issues included not taking off, getting lost and not returning home, or simply failing to meet mission expectations. * US drones are also typically far more expensive than comparable models. And at the rate Ukraine is burning through them, it wouldn't be feasible. Instead, Ukraine is turning to systems made by Chinese companies for cheaper and often more reliable alternatives. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Ukrainian forces sometimes strap bombs directly on them for a makeshift one-way attack drone or use them to drop grenades. BI 👇 China's trade turnover with Ukraine rises by 46.6% to $1.5 bln in January-February 18 March 2024 23:30 (UTC+04:00) AzerNews
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  2344. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2346. These is now a 27 book series on what China invented that says we copied from them Yet You Indians always cry how the Brits stole from you 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  2380. How is it misleading? They are adding to their wealth even with a Government initiated slow down that actually started in 2010 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2389. Dude your more well off friends sucks for them….but they took a risk 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2396. Why did they do this because they are use to the American Government bailing out private corporations and sticking that internal debt converted into external sovereign debt onto you the American taxpayer 👇 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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  2397. 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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  2400. 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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  2403. 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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  2404. 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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  2408. 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. . . 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. . . 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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  2412. 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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  2414. 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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  2428. ⁠@TeeHee-vo1bn China still has around 200 million rural folks they expect to move to the cities 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2434. What most people don’t get? Is it is 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 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 into the 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? They 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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  2435. This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. As they were using more and more illegal labour 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 into the 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 these companies could get even “more” or “better” access 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? They 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
    1
  2436. This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. As they were using more and more illegal labour 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 into the 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? They 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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  2440.  @nobodyli6543  (We the average westerner is too lazy to read past a headline) Go read just the recent headlines from Western Mainstream Media On Elon Musk’s Tesla trip to China Reading only those headlines You would get the impression, Tesla is introducing FSD and Robotaxis into the Chinese domestic market When Baidu the company the Chinese Government partnered Tesla with???? Has already done 1.4 million paid robotaxis rides since 2022 you really have to dig into multiple western media articles to gleen this real information… rather than Tesla is going there to introduce robotaxis 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC
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  2441.  @bobwallace9753  (We the average westerner is too lazy to read past a headline) Go read just the recent headlines from Western Mainstream Media On Elon Musk’s Tesla trip to China Reading only those headlines You would get the impression, Tesla is introducing FSD and Robotaxis into the Chinese domestic market When Baidu the company the Chinese Government partnered Tesla with???? Has already done 1.4 million paid robotaxis rides since 2022 you really have to dig into multiple western media articles to gleen this real information… rather than Tesla is going there to introduce robotaxis 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC
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  2446.  @storm_yu  India is a great country, but what if I tell you that Africa outperforms India when you examine absolute and intrinsic economic indicators. Do not get me wrong: India has one of the greatest diaspora models in the world which is simply amazing and truly enviable. But despite all that, India’s potentials remain latent, unlocked, just like Africa. So, as you share this plot (on click), note the following: The population of India is 1.4 billion. The population of Africa is 1.3 billion. The GDP of India is $3.1 trillion. The GDP of Africa is $3 trillion. Did you notice something? Africa and India are just in the same pot, underperforming, despite the perception that India has higher productivity or efficiency. Indeed, the economic efficiency difference between India and Africa is the type which exists between 12 and a dozen. Sure, Africa has more natural resources. But yet, India enjoys one border which has an efficiency factor against Africa. (GDP of China is about $17.73 trillion, population is about 1.4 billion) As I have written many times, we must look into #China, because China has the secret sauce to development. India has a literacy rate of about 78%; China has 99.8% which means every person above 15 years old can read and write in China! As you go deeper, you will see why China is supreme and totally uncorrelated with any other emerging economy. Then, the biggest difference. When Africans and Indians graduate in American top universities, they make US permanent homes; Chinese put about 5 years, and then move back to China, and tap unlimited government-created resources to challenge the companies they worked for in the United States. That is why you hardly see Chinese at top leadership positions in leading US tech companies even as you see them running companies which challenge those firms at the global level. Like #Africa, India does not offer such pathways. Sure, we must learn certain things from India. But India itself is learning more from China, and I think we can go straight and learn from China. China is doing the core things which transform economies. Of course #India rocks, and doing great; my point is to put things in perspective. Ndubuisi Ekekwe
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  2448.  @storm_yu  you have to copy and paste on YouTube You are not allowed to post up HTTP links You would know that if you ever posted up a 3rd party article to support an argument you Charmaar love child 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  2450. Basically many in the west are complaining because they are cracking down on property speculation in China…. Yet cheering on our own crackdown on speculators here The other option is 70% of the Chinese in their real estate markets buying their 4th or 5th home right about now 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2455. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2470.  @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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  2476. If China booted out those US companies that would crash the US economy What most people don’t get? Is it is 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 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 into the 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? They 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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  2479. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  2489. Mutual Funds will tell you if they are invested in Chinese stocks The problem wasn’t stocks The last few years cut off from money flow by the Chinese Central Government for over 12 years These Chinese Property Developer “junk Bonds” they were flogging, suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  2490. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2491. The Chinese Treasure Fleet in 15th century Philippines - Carmen Guerrero-Nakpil - May 19, 2008 * It was the people of our archipelago who discovered Magellan and the Europeans in 1521, not the other way around, as most Filipinos were taught by our grade-school textbooks. Our islands and their inhabitants were well-known to a larger, richer world that of Chinese emperors and scholars and Arab traders, as early as the 9th, even 6th centuries. And certainly by 1000 A.D., our shores were regular ports of call in the trade with China, then the most powerful nation on earth. Chinese chronicles, European archaeologists and the diggings in our pre-colonial burial grounds prove that those ancient Filipinos used fine porcelain, weights and measures imported from China, and recorded written contracts. Chao-Ju-Kua reported that Chinese traders visited Ma-I (Luzon) regularly, leaving silks, porcelain and metal utensils on the beaches of designated islands, and returning weeks later to collect payment in the form of beeswax, gold dust, carabao horn, ginger, cinnamon or garlic. It was an import-export system run on a reliable honor system with unquestioned good faith. (Tell that to our Bureau of Customs.) “Filipinos had long been literate when Magellan came.” writes Harvard historian Laurence Bergreen, one of the sources of this article. * When Magellan’s Spanish Armada hove into view in March 1521, the natives of Homonhon in the Visayas must have taken pity on the small black ships with tattered sails and scruffy, starving, disoriented sailors, for they sent a small rowboat packed with rice, coconuts and bananas to their rescue. On the next island, the white, bearded strangers were feted in a bamboo palace with a banquet of roast fish, pork, turtle eggs and palm wine, by a native king whose queen wore a black-and-white gown, red lips and nails, while a quartet of young, topless damsels played music on various gongs and drums. Those early Filipinos had been more accustomed to the tall, prosperous, Chinese ships with a trio of feathery sails stiffened with battens, for the China trade had been in place for at least 500 years. During the Ming Dynasty, Filipinos enjoyed the visits of the Treasure Fleet (1405-1500) of Admiral Cheng Ho (Zhen He) a huge, 7-ft tall, powerful eunuch, who had built 1,500 massive, 500-ft ships in a giant shipyard in Nanking with the help of 30,000 workers. The luxurious ships, each manned by 1,000 sailors ruled the South Pacific and the Indian Ocean. * But the Chinese were not interested in conquest or territorial aggrandizement. Their purposes were trade and diplomacy. That was what our ancestors expected when they first saw the Spanish Armada. Filipinos had never seen white men before Magellan and never thought the strangers would be as rapacious and predatory as they would prove to be. They assumed the new foreigners to be poor and needy because they had only glass beads, a string of little bells and a red cap (Magellan’s gifts) to reciprocate the native prodigality. The white men were, in fact, so dazzled by the earrings, chains, armlets and anklets, of pure gold, worn by both the native men and women that Magellan had to warn them against showing their covetousness. Philstar
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  2492. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  2499.  @b.d.a.8719  Laundered money was only 5% of our Real Estate. To key into that?, deflects from the 95% that came here legally Which falls into line with other instances where loads of money was entering another country, and where laundered money was 5 to 7 percent Think about it this way if you are going to blame triads then you need to blame the local gangs as well like Hells Angels Yes they were recruiting Chinese gambling whales from Macau to wash their money here in Canada. Whales would transfer their money from their accounts to triad accounts in China, and those dirty Canadian dollars that needed to be laundered, were given to the whales here in Canada Much of the laundering we are seeing actually comes here legally according to our Canadian laws, which has more to do with the strict capital controls the communist Government has on their people. Ie you are not allowed to take out of the country more than 50k of your money each year. Which our Canadian banks are complicit in helping them to skirt those laws legally here in Canada Our Canadian banks arguing they do not have to abide by CCP Chinese laws on currency controls. Which our Canadians courts have upheld their right to do so Plus it's illegal to hold onto foreign money in China. And Canadian dollars would be the last thing they want to hold onto So where did that money come from, for them to launder???. Grow ops were the backbone of our small town BC economies For decades upon decades upon decades and more And Casino laundering was a Hell's Angel's idea long, long ago, a soon as you saw those stacks of 20s then you should have known who it was Btw Even if the triads were able to sell billions worth of drugs on Vancouver streets each year... they still would have to move their products through the ports and guess who controls the longshoreman unions
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  2507.  @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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  2508.  @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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  2510.  @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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  2514.  @stealthtowealth2167  you exemplifying what is wrong with our western society, how we lost our pioneer ethos, and failed western thinking And we wonder why we are behind them A few years back China shut down too too many coal mines, and shut down too many power plants They obviously are not there yet but they will get there In the 1980s … 88% of the population was knee deep in the mud of their family rice paddy plot or working a factory floor Now they are pushing up our home prices where we live Unlike people like you who assume they think just like us? We in the west fail, so we should just give up 👇 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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  2521. What most people don’t get is the Philippines had every right to ask for arbitration It’s just China has every right not to accept arbitration 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG
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  2522. What most people don’t get is the Philippines had every right to ask for arbitration It’s just China has every right not to accept arbitration 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG
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  2523. What most people don’t get is the Philippines had every right to ask for arbitration It’s just China has every right not to accept arbitration 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG
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  2526. What most people don’t get is the Philippines had every right to ask for arbitration It’s just China has every right not to accept arbitration 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG
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  2532.  @AAnnie...Iamokay  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2541. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  2544.  @soothinglycool9806 China leads the world in 37 of 44 critical technologies of the future Westerners like Americans think in narrow minded terms Like cutting off chips and chip making equipment . Because to the Americans the Chinese just copy There is now a 7 volume 27 book series on what China invented first that says the world copied from them 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 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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  2545.  @federalistpapers4523  Biden did not change trumps anti globalization and free trade stance. Because that’s what the Democrats normally are against Trump just hijacked their platform and switched the Republican narrative As you today believe the fake narrative. That it was your Democrats who wanted to offshore the union jobs of their voting base back then When it was you Republicans who pushed for it back then Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservatives minded folks back then, were pushing for Globalization and Free Trade Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing suddenly woah oak snow fl ache indignation on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them in the first place 👇 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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  2548.  @weetaoneo3081  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2549. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2556. Most people like you have no clue what they are talking about when it comes to China The irony is you would not believe a single word MSM like CNN tells you, except when it comes to China you just lap it up 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Of course a lot of the well off folks ain’t going to like this As western media cries for these well off folks who took a risk and need to be made whole 👇 Evergrande Tycoon Crossed a Red Line When Wealth Funds Ran Dry Police are fielding complaints by wealth product investors China authorities have less tolerance for losses by households China Evergrande Group wiped out international investors, roiled financial markets and left thousands of suppliers in the lurch. Yet it was the developer’s failure to pay households who invested in its wealth management products that may have provided the last straw for Chinese authorities. Bloomberg
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  2565. Well if you are not a dum down cow poke…. You would know 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2566. Not as bad as your USA being 500 trillion in debt China cut off money flow to Vanke 14 years ago It was Sophisticated Foteign Investors buying these Property Developers junk bonds these last few years what do you think these Property Developers did with that sudden influx of money…. They built more higher end housing 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider
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  2569. I have no issues with that I’m just calling out the people acting like the suddenly wh oak snow fla akes they dislike so much Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservative minded folks back then, were pushing for Globalization and Free Trade As we followed our best buddy the USA lead Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing our suddenly wh oak in dig nation on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them 👇 👇 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 .reaganlibrary
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  2574.  @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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  2575.  @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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  2579.  @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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  2581.  @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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  2582.  @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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  2584.  @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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  2589. These Chinese probably figured people buying their 4th and 5th homes right about now when 300 million rural Chinese are still expected to move to the cities would be a bigger problem Thus why they intentionally slowed down their economy But it’s a deflationary spiral!!!!! 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2592. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2593. The other option if you’re he Central Government did not step in???? Would be rich Chinese buying their 3rd and 4th homes about right now 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2601.  @SK-lt1so no because you believe the Western Media on China when you don’t believe anything else they tell you From your postings in the past you are either a Hong Konger who should leave already if you don’t like the country a white separatist who went to Asia of all places to find a wife Or a English teacher 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2602.  @xiphoid2011  with their engineered slowdown (or else 70% of the people in their city real estate markets would probably be buying their 3rd 4th or 5th homes right about now…. While a few hundred million rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead. (What’s the difference between buying a 4th house vs a 5th house) 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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  2607.  @kuruminatsukashii  Canadian My country has a revolving door policy for career criminals So unless our citizens commit a crime in another country My country won’t care if you are a bad behaved Canadian abroad as long as you don’t break any laws Take for example This is a Conservative Canadian Supreme Court Justice, appointed by a Conservative PM Harper, in our top Canadian Supreme Court, dominated by Conservative Justices since 2012. The majority of these Justices also appointed by Harper . Striking down this law introduced by Harpers Conservative Government 👇 Supreme Court strikes down ‘degrading’ parole ineligibility law for mass murders By Betsy Powell Courts Reporter Fri., May 27, 2022 But in Friday’s much-anticipated ruling, Chief Justice Richard Wagner said Section 745.51 of the Criminal Code violates section 12 of the Charter of Rights and Freedoms in a way that cannot be justified in a free and democratic society. Section 12 guarantees the right not to be subjected to cruel and unusual punishment. What is at stake is our commitment, as a society, to respect human dignity and the inherent worth of every individual,” the decision states. Striking down the law should not be seen as devaluing the lives of innocent victims, the court said. “Everyone would agree that multiple murders are inherently despicable acts and are the most serious crimes, with consequences that last forever. This appeal is not about the value of each human life, but rather about the limits on the state’s power to punish offenders, which, in a society founded on the rule of law, must be exercised in a manner consistent with the Constitution.” Thestar
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  2609. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2614. China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways They already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  2616. 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  2618. 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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  2620. 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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  2622. 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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  2628. That’s because even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still has a 820 billion plus dollar a year trade surplus with the world the last 2 years 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 But with no other viable investment options left these days Their Government is actually pushing their people to invest in technology/industries instead Where China already leads the world in 37 of the 44 critical technologies of the future already As they pile even more money into these 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 Btw that’s how innovation and competition works over 90% of inventions never get used and over 90% of businesses fail 👇 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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  2638. @yourbudspud9366 We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2653. China trade surplus with the world was 823 billion in 2023 279 billion of it was with you Americans What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners US Multinationals using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Why didn’t China pull the nuclear option and boot these companies you might ask? They don’t believe in a zero sum game type of thinking I can show you in the trade vvar how they didn’t pull out their big trade we a pons In fact when the USA was raising tariffs on countries China was lowering them on Countries instead of the USA of course For example China dominates the production of the world’s essential ingredients that go into the world’s pharmaceutical drugs. China stops exporting and Americans lose access to Alzheimer’s, Diabetes, Heart Disease, Cancer Drugs etc etc etc etc 👇 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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  2658.  @tooltalk  What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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 into the 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? They 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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  2667. There is now a 7 volume 27 book series on what China invented first that says the world stole 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  2676. No one accepts the 9 dash line except China or Taiwan Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  2680. they have done war games/war scenarios over and over Arming the Philippines would just make it a target when the Chinese can produce 1000 cruise missiles everyday. That’s how they plan to win a war with the USA. Out produce the Americans 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. Politico
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  2681.  @foreignmatador6770  The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. There is a toxic lake 7 miles wide in China. Filled with the rare earth waste water that made the gadget you are typing on possible I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods
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  2685.  @doujinflip  What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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? They 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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  2692. Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. Has China been unfairly singled out? So, has WADA succeeded in changing the narrative? Probably not. Why? Because putting the words “China” and “doping” together is a lightning rod in the current political climate given the intense rivalry between China and the US. Currently there are 23 people serving anti-doping suspensions in Australia. Do we feel personal or national shame for their wrongdoing? Every time the US team marches into an Olympic Games, or steps up onto a World Championships medal podium, do we point at them while recalling memories of the US Postal Service cycling team and the banned-for-life cyclist Lance Armstrong? But when it comes to China, many observers are quick to name and shame athletes, viewing every news story as some kind of proof the country must have a systemic, state-sanctioned doping program. The Conversation 👇 Sports Med Open. 2024 Dec; 10: 57. Published online 2024 May 20. doi: 10.1186/s40798-024-00721-9 PMCID: PMC11102888PMID: 38763945 Doping Prevalence among U.S. Elite Athletes Subject to Drug Testing under the World Anti-Doping Code Depending on the method of calculation, 6.5–9.2% of the 1,398 respondents reported using one or more prohibited substances or methods in the 12 months prior to survey administration. Specific doping prevalence rates for each individual substance / method categories ranged from 0.1% (for both diuretics / masking agents and stem cell / gene editing) to 4.2% for in-competition use of cannabinoids. NIH 👇 Lewis: ‘Who cares I failed drug test?’ Duncan Mackay Thu 24 Apr 2003 01.51 BST Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. THEGUARDIAN
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  2694. @jacobuszwanenburg1629 Around 2000/2001 is generally when is considered Canada’s modern immigration push Back then the Government(s) must have looked at the future demographics and went oh sheet We haven’t replaced ourselves in 30 years… and in 10 years we will have 1000 boomers turning 65 each and everyday for the next 27 years The fact that they have ramped up the immigration numbers means they must have missed their targets badly these last 2 decades the math is simple, early last year when the Bank of Canada (BOC) did that 50 basis point hike that roiled the markets? That was the first of its size/kind in 22 years Pull up a 25 year chart on low/lowering interest rates, and the inverse correlation between rising home prices Common sense tells you . If you want to reign in overheated stock , crypto, real estate markets you start raising rates The only time home prices did have a noticeable drop in that period. Was in the 2008/2009 US subprime crises where the BOC lowered rates even more And the 2017/2018 mortgage stress test where they kept rates the same Even last year where they jacked up rates (8 times so far. Probably will stop being so aggressive because US banks started failing ) It wasn’t because after 22 years someone at the BOC went o shiet overheated housing for 2 decades The big rub and fact we are expected to see a 38% drop in home prices by 2024 And 40% increase in monthly mortgage payments for most homeowners by 2025/2026 The hike in rates and cooling of home prices, was just a byproduct of the BOC trying to tame consumer staples inflation brought in by supply side issues with the Ukraine war and China zero Covid My guess with 5.5 million Canadians in financial trouble or about to be in financial trouble as interest rates rise They will keep the Ponzi scheme going by slightly tapping on the breaks Because who is going to get elected, or stay elected putting 90 year old Grandpa’s and Grandma’s on the streets
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  2713. people like you probably can’t make a distinction between the two types of debt because the US Government/US FED has had no problems taking internal Agency Debt which is private Debt and not back by the US Government and then turning into External Sovereign Debt Since we know from 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. Where the US Treasury would issue new corresponding debt for the public to buy. It ended during Q3 of 2019 Because that selling ended up freezing 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. Last I checked its was back over 8 trillion. As the US FED had to buy back US Treasury 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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  2718. NVIDIA H20 chip faces competition from Huawei Written by Rebecca Uffindell Mon 5 Feb 2024 Reuters reported NVIDIA priced orders for H20 distributors in China in a range of £9,531 ($12,000) to £11,914 ($15,000) per card. Some distributors have promoted the NVIDIA chips at a markup toward the lower end of the range, around £12,167 ($15,320). In contrast, Huawei’s 910B is priced at about £13,388 ($16,856), citing sources familiar with the matter. Distributors are reportedly selling NVIDIA H20 servers pre-configured with eight AI chips for £156,560 ($196,745). This marked a significant price drop compared to servers equipped with eight H800 chips, which sold for around £223,657 ($281,065) when launched a year ago. The specifications for the NVIDIA H20 chip indicated it is less powerful than the Huawei Ascend 910B in key areas. According to a source, one example of where the H20 appears to lag is the 910B in its floating point 32-bit (FP32) performance. This is a metric that measures how rapidly a chip can process common tasks. The H20 chip’s FP32 performance is reported to be less than half of its rival’s capability. However, the H20 appears to outperform the 910B in interconnect speed, which is crucial for transferring data between chips. This advantage allows the H20 to stay competitive with the 910B in applications needing numerous chips linked together to function as a system. Before the US introduced the chip export restrictions to China, NVIDIA had a 90% market share in China. However, NVIDIA now faces competition from rivals domestic to China. Huawei’s 910B chip is currently seen as China’s top AI offering, gaining popularity amid concerns about restricted access to NVIDIA products due to US sanctions. Techerati
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  2721.  @Madame702  like I said you are behind the times China is making their own homegrown lithography machines and chips You are talking like it’s 1980s China Have no clue what is going on these days time to update your facts and data 👇 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. "Previously, when China talked about self-sufficiency, they were thinking about starting to cultivate some viable chip developers that could compete with foreign chipmakers," a chip industry executive told Nikkei. "However, they did not expect that they would need to do all that, starting from fundamentals. "It's like when you want to drink milk -- but you not only need to own a whole farm, and learn how to breed dairy cows, and you have to build barns, fences, as well as grow hay, all by yourselves." Nikkei Asia
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  2737.  @JigilJigil  Yeah let’s listen to what you have to say 👇 Chinese cars dominate latest safety ratings 03.04.2024 Six out of the 10 cars assessed as the safest on Europe’s roads are from Chinese manufacturers Sophus3 👇 BYD electric cars are regarded as one of the safest vehicles on the global market in 2023. This is because the Dolphin and Seal were recently released and therefore tested against the latest, strictest testing criteria by ANCAP and Euro NCAP.Mar 7, 2024 Compare the market 👇 Study shows BYD Seal and Dolphin are two of the world’s safest cars Reading Time: 3 minutes Mark Andrews March 13, 2024 The BYD Seal and Dolphin demonstrated high safety scores against the strictest 2023 testing criteria from Australasian and European safety authorities, in addition to universally standard safety assistance systems globally,” said Adrian Taylor, Compare the Market’s Executive General Manager of General Insurance. In the study by the car insurance experts 32 models available in most of six markets were examined across six data points. Countries looked at were Australia, New Zealand, Germany, the United Kingdom, United States and Canada and these markets are covered by three different safety authorities. To gain an overall safety rating the ratings of the three individual agencies were analyzed under Global New Car Assessment Programme (Global NCAP). In addition the study looked at whether key safety assistance systems were universally available on each model. CarNewsChina
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  2739.  @arthurlincoln9093  China lost 27 million jobs and 100000 thousand factories closed down in 2008 when the USA crashed the world economy during the subprime crisis You are a foreigner who went to China 8 years ago who has seen nothing but growth Overheated growth in their real estate Their country has been trying to shutdown since 2010 But now that you see it you cry wolf 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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. 👇 China attempts to deflate its unstable property bubble China is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijing Wed 9 Mar 2011 19.24 GMT Chinese officials are blaming speculators for soaring property prices and are vowing to build 36m affordable homes over the next five years. There are already widespread concerns about China's booming property market and the threat it poses to the country's expanding economy. China would spend nearly $200bn (£123bn) on an affordable homes and social housing scheme, said deputy housing minister Qi Ji in Beijing . The pledge came a few days after premier Wen Jiabao promised to "resolutely" curb speculation to tackle excessively rapid price increases The authorities have taken various steps since spring last year to dampen the property market. These include raising interest rates, increasing the minimum downpayment required on second homes and restricting the rights of foreigners to buy property. Two Chinese cities are now imposing sales tax on property deals. While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%. The Guardian
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  2740.  @arthurlincoln9093  Anyways with their engineered slowdown… (or else70% of the people in their city real estate markets would be buying their 3rd 4th or 5th homes right about now…. as a few hundred rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days 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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  2741.  @arthurlincoln9093  btw they think differently than how we westerners think 8 years living in a country you don’t like ??? Still have not learned anything about them or yourself 👇 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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  2742.  @arthurlincoln9093  and that is supposed to mean what with your reply??? We all know China is supposed to be the bad guy And they are in a trade war and suppose to decouple Just because you went to China to find a wife does not make you an expert on the country 👇 What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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 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 into the 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? They 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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  2755.  rogerjamespaul5528  What most people don’t get? Is it is 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 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 into the 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? They 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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  2759.  @markfinch2016  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.
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  2764. From what I read the USA has the largest deposit of Soda Ash. So it would make sense for the USA to make Sodium Ion Batteries It's not going to happen in the USA Since it's basically America and the American people attitude towards clean, green, renewable etc etc etc When it comes to semiconductors It's not the most advanced chips that keep these companies going, it is the Legacy chips. Which we in the west forced them to make their own semiconductor industry. 👇 How Close Is China to World Dominance in Legacy Semiconductors? * 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 currently sold are made using software and production equipment created more than twenty years ago. * 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. EP
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  2765.  @TAL142  another way to look at it 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 👇 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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  2768. You do know that BSL4 Biolab in Wuhwn was the first of its kind in China right? That’s because it was you Americans who partially funded the building of that Biolab as the French built it You Americans, British, French and Canada helped to train the scientists working at that Biolab And by now you know Fauci funded the Gain-Of-Function experiments at that Biolab Where he lifted a Moratorium on that Research under the trump administrations watch 👇 State Department cables warned of safety issues at Wuhan lab studying bat coronaviruses By Josh Rogin April 14, 2020 at 5:0 * In January 2018, the U.S. Embassy in Beijing took the unusual step of repeatedly sending U.S. science diplomats to the Wuhan Institute of Virology (WIV), which had in 2015 become China’s first laboratory to achieve the highest level of international bioresearch safety (known as BSL-4). WIV issued a news release in English about the last of these visits, which occurred on March 27, 2018. *During interactions with scientists at the WIV laboratory, they noted the new lab has a serious shortage of appropriately trained technicians and investigators needed to safely operate this high-containment laboratory,” states the Jan. 19, 2018, cable, which was drafted by two officials from the embassy’s environment, science and health sections who met with the WIV scientists. (The State Department declined to comment on this and other details of the story.) The Chinese researchers at WIV were receiving assistance from the Galveston National Laboratory at the University of Texas Medical Branch and other U.S. organizations, but the Chinese requested additional help. The cables argued that the United States should give the Wuhan lab further support, mainly because its research on bat coronaviruses was important but also dangerous. WAPO
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  2769.  @michaelernest7224  ​​⁠all these suddenly woah oak snow fl ache Americans should have thought about that 50 years ago Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservative minded folks like you back then, were pushing for Globalization and Free Trade As we followed our best buddy the USA lead Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing on our suddenly woah oak snow fl ache indignation on Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them 👇 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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  2779. American military grade drones are losing out to Chinese made retail toy store drones 👇 American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones They are fragile and vulnerable to electronic warfare. For some of the systems that were sent to Ukraine, issues included not taking off, getting lost and not returning home, or simply failing to meet mission expectations. Part of the problem is that US technology isn't evolving fast enough, in part due to restrictions on sourcing. Georgii Dubynskyi, Ukraine's deputy minister of digital transformation, told The Journal that "what is flying today won't be able to fly tomorrow," adding that the innovation window in this conflict is small. "The general reputation for every class of US drone in Ukraine is that they don't work as well as other systems," Adam Bry, the chief executive of American drone company Skydio, told WSJ, acknowledging that his own drone is "not a very successful platform on the front lines." US drones are also typically far more expensive than comparable models. And at the rate Ukraine is burning through them, it wouldn't be feasible. Instead, Ukraine is turning to systems made by Chinese companies for cheaper and often more reliable alternatives. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Ukrainian forces sometimes strap bombs directly on them for a makeshift one-way attack drone or use them to drop grenades. YahooNews
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  2780.  @tooltalk  What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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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  2781.  @tooltalk  You don’t understand how the Chinese think There is 27 books out there on what the Chinese invented But if you took the time to read the books rarely will you see a persons name attached to the invention You will find the Chinese invented such and such in such and such century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  2782.  @tooltalk  here is a more recent example (Because we the average westerner is too lazy to read past a headline) Go read just the recent headlines from Western Mainstream Media On Elon Musk’s Tesla trip to China (before you read the rest of this) Reading only those headlines You would get the impression, Tesla is introducing FSD and Robotaxis into the Chinese domestic market When Baidu the company the Chinese Government partnered Tesla with???? As of Q3 2022 has already done 1.4 million paid robotaxi rides As of Q3 2023 4.1 million paid robotaxi rides you really have to dig into multiple western media articles to gleen this real information… rather than Tesla is going there to introduce robotaxis Tesla is level 2 Autonomous Baidu is level 4 Autonomous 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC
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  2783. @TeeHee-vo1bn 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 👇 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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  2788. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  2794. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  2795. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2797. It all started in 2008 when the US Subprime crisis crashed the US and world economy Putting 27 million out of work in China and shuttering 100 thousand factories China got their banks to loan out 580 billion That created that big ball of money that went from sector to sector Real estate, shadow banks, underground economy, commodities. Stocks, bonds and then back to their Real Estate USA is sitting on a Stock Market bubble itself propped up by borrowed money to do share buybacks As well as Quantitative Easing because the last time the USA tried Quantitative Tightening from Q4 2017 to Q3 2019 they froze the credit markets/repo market Like I said it took the Chinese over a decade, to finally get these bubbles under control. As they are deflating those bubbles and loath to stimulate the economy with more stimulus money But western elite want those bubbles to continue, the well off Chinese to be buying their 3rd and 4th homes right about now They want access to those Chinese savings and for them spend it. Borrow more money and spend some more . Like they did to us westerners 👇 Project Syndicate The value of global China July 23, 2019 | Article 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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  2798. Yes local Governments for example could start charging property taxes The smart people would have moved already Still a lot better than western countries sticking that debt into their Sovereign external debt. Even then take the US Internal debt at 300 trillion. Where they have already borrowed 34 trillion externally At least the Chinese could go borrow externally if all else fails The USA is where people should be worried if it’s about debt 👇 China's Creative Accounting: How It Buried Its Debt and Forged Ahead with Stimulus 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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  2799. 90% of the families in China own a home 80% free of any encumbrances We are talking about the people who are buying homes in the cities they move to Which we know 70% were buying their 2nd and 3rd homes 6 years ago If nothing stopped they would be buying their 4th and 5th homes right about now Once again their Government started to cut off money flow to these Real Estate companies in 2010 When it went underground and to their Shadow Banking their Government also went to shutdown and regulate them The writing was on the wall for over a decade now Are you one of those new bull run investors started investing after 2008? who can only make money when markets go up? You are just showing bias as you are the type of person who has no sympathy for a person who takes a risk on their investments. And takes a loss But when it comes to are mostly more well off Chinese who can invest in these wealth management products You think their Government should make them whole In fact I hope the less well off rural migrants will have cheaper homes in these cities to buy into But my guess is those homes will get snapped up by the more well off Chinese. But that won’t happen unless the Government steps in and keeps them from doing so 👇 Evergrande Tycoon Crossed a Red Line When Wealth Funds Ran Dry Police are fielding complaints by wealth product investors China authorities have less tolerance for losses by households China Evergrande Group wiped out international investors, roiled financial markets and left thousands of suppliers in the lurch. Yet it was the developer’s failure to pay households who invested in its wealth management products that may have provided the last straw for Chinese authorities. Bloomberg
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  2800. * Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space – enough to completely cover Madrid, these places are not the urban wastelands they are often posited to be. While many of China’s new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range in the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. So why would anyone spend incredible amounts of cash on houses they do not intent to use? * A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible amount of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Although they are very actively bought and sold in this bare-bones form, which is often preferred by investors. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn’t need to mold a piece of gold into something usable like a piece of jewelry for it to have value and an economic function, an apartment in China doesn’t need to have people living in it for it to be economically viable. “Empty units leave flexibility for quick sales in a changing market or need to cash in quickly,” said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong based urban design firm. Another reason for the sheer amount of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1% or so) is often not worth the hassle — especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80% of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don’t have any mortgages to pay off or any other leans, so there isn’t as much financial pressure to make a profit from these homes in the short term. Thevagabondjourney
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  2806. Also the prevailing though is the economy crashes the people will rise up and the country will be plunged into chaos maybe even democracy will follow etc Putting aside the implications it has for the rest of the world as we just talk about decoupling. While the Chinese are actually preparing for that eventual decoupling This shows we do not understand the way people in China think. 👇 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. Other cross-cultural differences appear in whether children attribute good performance to ability or to effort, and in strategies used to improve performance.
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  2808. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2838.  @weewahgan6922  We in the west think the Chinese think just like us Our everyone wins a Participation ribbon. You are so good at this or that little Timmy or Tabitha So when there is a setback growth target not met, real estate bubble, , the Chinese people will give up like we would here in the West. 🙄 Because since they are not a democracy don’t have the same freedoms we have, the people revolt there is a civil vvar and China crashes and we are saved from the Chinese 🙄 👇 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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  2839. Yup We complained China was the number one polluter in the world Now that they throw tons of money into their clean, green, renewable etc etc we cry overcapacity… when the real question should be… “what are our countries doing out here in the west” 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  2855.  @hiram1923  What the USA should do is stop subsidizing the eternal victim these days ​​⁠stop whining…. You think the Chinese didn’t do this with Solar panels ? And a host of other products and industries? Only difference is the competition is other Chinese EV manufacturers Wasn’t to long ago we were complaining about China being the worlds biggest polluter Now as they invest in Green, Clean, Renewables etc. etc? We cry overproduction and they subsidize this or that 🙄🙄🙄🙄 They are actually spending the money and making those changes What are our western Governments doing since we are the ones most vocal about climate change and China being the worlds biggest polluter ??? 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief Fossil Fuel Subsidies Surged to Record $7 Trillion Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change IMF
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  2860.  @ua697  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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  2863. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2864. The US shale oil industry has been borrow to drill and then borrow to drill some more to maintain production numbers That’s because the depletion/decline rates on those shale oil wells are horrendous From what I read even the high oil prices have only helped these oil companies one close to break even on that borrowed money where they hope to transition to natural gas In short all that money spent and borrowed mostly went to the corporations and banks 👇 Shale Wells Producing More Early On, Then Declining Faster Than Ever The challenge of sustaining shale production is growing larger. August 16, 2023 Production from the average US shale oil well is declining more rapidly every year, with the biggest losses by far in the Delaware Basin, according to a report from Enverus. Increasing rapid declines by many thousands of older wells are obscured by the rise in total production from new wells as the industry engineers completions to maximize early production. JPT 👇 DECLINE RATES IN THE BAKKEN SHALE For decades the oil industry has applied a simple rule estimating a constant “decline” rate in conventional oil wells. Typically production in an oil field declines at an annual rate of around 8% to 10%, absent further investment. This allows field production to be counted on for two decades or more. Shale oil development, however, has turned the rule of thumb on its head, with decline rates as much as 50% in the first year. In order to maintain oil shale production the industry must constantly drill new wells. IAEE
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  2867. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2868.  @seanlander9321  The difference is this 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 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 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. 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 That QT selling ended during Q3 of 2019 Because that selling of debt ended up freezing 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. And didnt bailout foreign investors who took a risk buying those junk bonds While the USA left their real estate market to implode. Kept the 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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  2869.  @stefan2796  where are you getting that fake news? 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2870.  @stefan2796  Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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. 👇 China attempts to deflate its unstable property bubble China is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijing Wed 9 Mar 2011 19.24 GMT Chinese officials are blaming speculators for soaring property prices and are vowing to build 36m affordable homes over the next five years. There are already widespread concerns about China's booming property market and the threat it poses to the country's expanding economy. China would spend nearly $200bn (£123bn) on an affordable homes and social housing scheme, said deputy housing minister Qi Ji in Beijing . The pledge came a few days after premier Wen Jiabao promised to "resolutely" curb speculation to tackle excessively rapid price increases The authorities have taken various steps since spring last year to dampen the property market. These include raising interest rates, increasing the minimum downpayment required on second homes and restricting the rights of foreigners to buy property. Two Chinese cities are now imposing sales tax on property deals. While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%. The Guardian
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  2878.  @lucadellasciucca967  Learn some history about China And do not have kids with the Gei Sha girl fantasy you made up in your head with a Chinese wife of yours 👇 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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  2883.  @dailm8056  more like 2000 years ago 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  2889. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  2900. Talk about a Bully Imagine an unprovoked attack on Malaysia, killing Malaysians then seeking a court case against them 👇 How Malaysia ended up owing $15 billion to a sultan's heirs * KUALA LUMPUR, Aug 4 (Reuters) - Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a $15 billion arbitration award in a dispute over a colonial-era land deal. In 1878, two European colonists signed a deal with the sultan for the use of his territory in present-day Malaysia – an agreement that independent Malaysia honoured until 2013, paying the monarch's descendants about $1,000 a year. Now, 144 years later after the original deal, Malaysia is on the hook for the second largest arbitration award on record for stopping the payments after a bloody incursion by supporters of Sultan Mohammed Jamalul Alam's heirs in which more than 50 people were killed. For years, Malaysia largely dismissed the claims but in July, two Luxembourg-based subsidiaries of state energy firm Petronas were served with a seizure notice to enforce the award that the heirs won in February. read more The arbitration ruling in France followed an eight-year legal effort by the heirs and $20 million in funds raised for them from unidentified third-party investors, according to interviews with main figures in the case and legal documents seen by Reuters. *Malaysia did not participate in nor recognise the arbitration - allowing the heirs to present their case without rebuttal - despite warnings that it would be dangerous to ignore the process. The claimants, including some retirees, are Filipino citizens leading middle-class lives, a far cry from their royal ancestors of the Sulu sultanate that once spanned rainforest-covered islands in the southern Philippines and parts of Borneo island. Reuters 👇 Malaysia Wins Court Battle Over $15 Billion Sulu Heirs Award The ruling by the French Court of Appeal questioned the jurisdiction of Spanish arbitrator Gustavo Stampa, who ordered last year’s eye-watering payout. The “partial award” was subsequently nullified by the Spanish High Court of Justice in June 2021, when it ruled that Malaysia had not been properly served ahead of Stampa’s appointment in 2019. In September, however, Stampa took the seemingly unusual step of transferring the arbitration proceeding to Paris, where he would go on to render the final award. Critics of Stampa and the Sulu heirs have accused them of “forum shopping” – of “hopping from one foreign jurisdiction to the next to find a court that was willing to hear their claim,” as two Malaysian writers put it in these pages last year. TheDiplomat
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  2902. China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways They already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  2914.  @MeF0r3v3r  There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  2915.  @kirbyjoe7484  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 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot 👇 '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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  2916.  @reves3333  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 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot 👇 '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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  2917.  @fk3239  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 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot 👇 '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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  2918.  @joshuadeloach1676  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 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot 👇 '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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  2919.  @througtonsheirs_doctorwhol5914  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 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot 👇 '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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  2920.  @fantomas4935  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 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot 👇 '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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  2921.  @Tential1  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 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot 👇 '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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  2922.  @jeffbolton2986  A nation of outlaws A century ago, that wasn't China -- it was us One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In theUnited States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs. Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color. Boston Globe
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  2923.  @TrevorWebb-ck2yv  ​​⁠ We need immigrants to support the economy no one said anything about housing them if we could throw them into factory type housing without public uproar. Like we do with migrants picking our fruits and vegetables we probably would We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2932.  @Kevin-fq3zh  go do some research Look at how biased you are the Chinese are going after real estate/speculation Which I bet you are complaining about high real estate prices the west 90% of Chinese families own a home 80% free of encumbrances Sure the Chinese cracked down on real estate speculators where some first time home buyers would be hurt But their Government has been cracking down on real estate since 2010 did you even bother to wonder why these Property Developers were filing on US and Hong Kong courts???? Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” What do you do as a Property Developer who just got a huge influx of cash? You build The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  2934.  @Kevin-fq3zh  That’s because even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still has a 820 billion plus dollar a year trade surplus with the world the last 2 years 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 But with no other viable investment options left these days Their Government is actually pushing their people to invest in technology/industries instead Where China already leads the world in 37 of the 44 critical technologies of the future already As they pile even more money into these 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 👇 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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  2943. We get some of the blame because when Nixon went to China in 1972 . To get them to open up the country and economy. The people were still 88% in abject poverty. And it was just 10 years after the great leap forward. And right in the middle of the cultural revolution where 10s of millions met their demise. Yet we spent the last 50 years buying the gadgets made off the hands of 100s upon 100s upon 100s of millions of migrant workers paid dollars a day to make them. Raising our standard of living while keeping their standard of living suppressed It’s just while we borrowed and spent on the public purse (Sovereign debt) and on our own personal pocket books Their migrant workers saved 30% of those wages per year. Invested or made businesses with those slave like wages and enriched themselves. We just didn’t expect that to happen. Yeah sure we expected them to buy 1 billion toothbrushes and 2 billion socks. But we didn’t expect them to enrich themselves This was nothing new. Developed countries go to 3rd world or developing country like China take advantage of the weak labour laws, weak environmental laws, yes weak ip laws, and mass pool of cheap labour And then close shop run for it when the locals complain about the pollution or wages My evidence our TOOBIGTOFAIL investment banks in the west worked out the worst deal for themselves, before pushing for China’s WTO inclusion. A 33% interests in a Chinese subsidiary joint venture investment bank. Where the Chinese parent company held 67% interest these days we just type our suddenly woke indignation on a Chinese made gadget. Even if not made in China will have Chinese made components in it. Right down to the highly polluting rare earths mined and refined in China used to make the gadget in the first place
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  2948. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  2950. 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. . . 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. . . 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. Scribed
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  2952. That’s because I didn’t post up this in the thread We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2956.  @AAnnie...Iamokay  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  2972.  @buzzy1011  US multinationals based in China derived 392 billion in sales of their goods and services into those Chinese domestic markets in 2018 when trump started his trade war yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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 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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  2984. What most people don’t get? Is it is 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 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 into the 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? They 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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  2985. There is a debate if Dunning-Kruger is real or just be a data artefact. To me it does not matter what one calls it 👇 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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  2987.  @dr.emilschaffhausen4683  there are tons of You Tube videos just do your own search The average Chinese stopped wanting to work the factories over a decade ago Like I said they used illegal workers from SE Asia in their Chinese factories or are resorting to more and more automation these days You forget they have a population replacement problem as the Chinese have worst “natural” population replacement rates than the USA While you are at it…. Also type into your You Tube search “revisiting the poorest village in China” they have poverty alleviation programs in China, more than likely would introduce a UBI as robots take over And unlike us here in the west their companies are State owned or have state influence Unlike Our Western Corporations. I remember a decade ago US Multinationals alone had 2.7 trillion in cash stashed outside the country When trump gave them a that corporate tax cut. The money they did bring back home went into more share buybacks or more research to automate more of your own American jobs away 👇 SPECIAL REPORT-How smuggled workers power"Made in China" The smuggling of illegal workers from Vietnam across the 1,400-km (840-mile) border into China is growing. Labour brokers estimate that tens of thousands work at factories in the Pearl River Delta, which abuts Hong Kong. Workers from other Southeast Asian nations are joining them. Visits by Reuters to a half-dozen factory towns in southern China revealed the employment of illegalworkers from Vietnam is widespread, and authorities often turn a blind eye to their presence. Workers from Myanmar and Laos were also discovered to be working in these areas. Reuters found that employers supply these illegalworkers with fake identity cards and sometimes confine them to factory compounds to keep them out of sight of the authorities. Reuters
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  2995. These days the west especially the USA is openly hostile to anything Chinese Yet they should open their arms to your investment Their people are adding around 2.6 trillion a year to their savings With no real options left to invest that money as their Government cracks down on Real Estate and you think they want a influx of money from the west 👇 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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  2996.  @badbad-cat  Most Sophisticated Foreign investors are salty the Chinese Government didn’t save them Btw did my replies get deleted in this thread? 👇 the people really getting hurt these days are the “Sophisticated Foreign Investors” in 2010 cut off from money Property Developers started using Shadow Banks really just well off Chinese investors Giving loans to these Developers The Central Government came into shutdown and regulate Then these Developers started selling Wealth Management investment vehicles to the well off Chinese Which the Government came into shutdown and regulate But then these Developers started to flog their Junk Bonds to “Sophisticated Foreign Investors” Where these Junk bonds really started to take off in popularity these last few years (Btw Property Developer gets a cash infusion what do you think they did with that cash???) The General consensus was the Chinese Government would backstop these Property Developers Companies/Junk Bonds I had a few reach out for my opinion since they know I started researching China as an investment option in the late 80s during my investment banking days My reply was “Not when the Central Government was cutting off money flow to these developers for over a decade They didnt listen 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  3000.  @TheKkpop1  The real islands we know the Chinese own Timeline of the South China Sea dispute (China) * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands (Philippines) * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3009. Basically many in the west are complaining because the Communist Chinese are cracking down on property speculation in China…. Yet cheering on our own crackdown on speculators here with interest rate hikes, empty home taxes, speculation taxes, and foreign buyer taxes which many seem to be Chinese investors who buy those monster homes and leave them empty Without this crackdown The other option is 70% of the Chinese in their real estate markets buying their 4th or 5th home right about now with a few hundred million rural migrants, migrating to the city without affordable homes 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3015. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3018. What most people don’t get? Is it is 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 into the 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? They 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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  3024.  @mikebreen2890  Rare earths and EVs — it’s not about batteries By Jeff Shepard | January 23, 2023 Rare earths play an important part in the sustainability of electric vehicles (EVs). While there are sustainability challenges related to EV batteries, rare earths are not used in lithium-ion batteries. They are necessary for the magnets that form the main propulsion motors. The batteries mostly rely on lithium and cobalt (not rare earths). At the same time, the magnets in the motors need neodymium or samarium and can also require terbium and dysprosium; all are rare earth elements. The most common rare-earth magnets are the neodymium-iron-boron (NdFeB) and samarium cobalt (SmCo). This FAQ reviews what constitutes a rare earth element, considers where NdFeB and SmCo magnetic materials fit into the overall landscape of available magnetic materials, looks briefly at applications beyond EVs for rare earth magnetic materials, and presents examples of the efforts underway worldwide to minimize or eliminate the need for rare earths in high-performance magnets. What’s rare about rare earths? Contrary to their name, rare earths are neither rare nor earths. The 17 rare earths consist of fifteen lanthanides, including cerium, dysprosium, erbium, europium, holmium, gadolinium, lanthanum, lutecium, neodymium, praseodymium, promethium, samarium, terbium, thulium, and ytterbium and the metals scandium and yttrium. They are relatively abundant in the earth’s crust but are “rare” because they occur in relatively low concentrations compared with the ores for other metals. BatteryPowerTips
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  3033.  @thedownunderverse  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3034.  @OneTrueKing23  I would argue There are a lot of reasons for our overheated real estate, building permits, immigration is a few of the reasons But the main reason to me was decade upon decade of low interest rates. Creating cheaply borrowed money, and little other investment options other than overheated crypto /stock/real estate markets the Bank Of Canada (BOC) aggressively started to raise rates in March of 2022 which roiled the markets. That first 50 basis point hike was the first of its kind/size in 22 years…. they did 7 more hikes in 2022. Pull up a 25 year chart on the low/lowering interest rates and the inverse relationship between the high/higher home prices. ( You will see the only times our home prices didn’t go up was during the US Subprime Crisis, which crashed the world economy where the BOC lowered rates even more And once more during the mortgage stress test years where they kept rates the same but then those rates gradually came down) The irony being… these rate hikes???? wasn’t because some one at the BOC suddenly went “Oh hey let’s raise rates we have had overheated real estate for 2 decades” Common sense dictates you want to cool your overheated real estate markets you raise rates But they raised rates because of consumer staples inflation and the supply side issues that caused it (Raising rates wasn’t going to fix that inflation, it was to scare the average consumer into spending less) It was just a byproduct…. that home prices were predicted to decrease by 38% by 2024 And homeowners up for renewing their mortgages were to see a 40% increase in monthly payments by 2025 Now 5.5 million Canadians will be in financial trouble as interest rates rise This wasn’t that hard to see We all tend to forget not to long ago we had 2 1/2 channels going 24/7 on TV dedicated to non stop programming in how to buy/renovate and sell a property Around that time it was estimated 1 million Canadians would be underwater on their mortgages if interest rates went up 100 basis points The BOC jacked up rates 425 basis points from 2022 to 2023 And should have kept jacking them up as we followed the American lead But they stopped because banks started to fail in the USA Now rates are expected to go down not up…. So home prices are expected to go up again
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  3052. Filipino trike driver or bar girl Or if you a lucky a OFW nanny 👇 Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG
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  3053. Talk about a Bully Imagine an unprovoked attack on Malaysia, killing Malaysians then seeking a court case against them 👇 How Malaysia ended up owing $15 billion to a sultan's heirs * KUALA LUMPUR, Aug 4 (Reuters) - Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a $15 billion arbitration award in a dispute over a colonial-era land deal. In 1878, two European colonists signed a deal with the sultan for the use of his territory in present-day Malaysia – an agreement that independent Malaysia honoured until 2013, paying the monarch's descendants about $1,000 a year. Now, 144 years later after the original deal, Malaysia is on the hook for the second largest arbitration award on record for stopping the payments after a bloody incursion by supporters of Sultan Mohammed Jamalul Alam's heirs in which more than 50 people were killed. For years, Malaysia largely dismissed the claims but in July, two Luxembourg-based subsidiaries of state energy firm Petronas were served with a seizure notice to enforce the award that the heirs won in February. read more The arbitration ruling in France followed an eight-year legal effort by the heirs and $20 million in funds raised for them from unidentified third-party investors, according to interviews with main figures in the case and legal documents seen by Reuters. *Malaysia did not participate in nor recognise the arbitration - allowing the heirs to present their case without rebuttal - despite warnings that it would be dangerous to ignore the process. The claimants, including some retirees, are Filipino citizens leading middle-class lives, a far cry from their royal ancestors of the Sulu sultanate that once spanned rainforest-covered islands in the southern Philippines and parts of Borneo island. Reuters 👇 Malaysia Wins Court Battle Over $15 Billion Sulu Heirs Award The ruling by the French Court of Appeal questioned the jurisdiction of Spanish arbitrator Gustavo Stampa, who ordered last year’s eye-watering payout. The “partial award” was subsequently nullified by the Spanish High Court of Justice in June 2021, when it ruled that Malaysia had not been properly served ahead of Stampa’s appointment in 2019. In September, however, Stampa took the seemingly unusual step of transferring the arbitration proceeding to Paris, where he would go on to render the final award. Critics of Stampa and the Sulu heirs have accused them of “forum shopping” – of “hopping from one foreign jurisdiction to the next to find a court that was willing to hear their claim,” as two Malaysian writers put it in these pages last year. TheDiplomat
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  3061. Philippines uses the maps of its 2nd to last colonizer.Spain It’s current and last colonizer the USA didn’t give the islands to the Philippines until after China stopped being one of the US Allies Philippines under the USA can stay 3rd world…. Indonesia and Malaysia don’t have the bars like they do in the Philippines Filipinas will flock to angeles city 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba Wikipedia
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  3078. 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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  3088.  @HellBot-gi5si you are barking up the wrong tree it’s not just Silicon that goes into semiconductors At best America if they get the ability to refine heavy rare earths???? That will go to the US military no to you American consumers 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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  3089. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3097.  @RepublicanImmigrant  Here is another example What most people like you 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, smuggled in from South East Asia in their wholly owned factories in China 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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  3110. If China booted out those US companies that would crash the US economy What most people don’t get? Is it is 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 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 into the 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? They 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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  3112. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3116. A nation of outlaws A century ago, that wasn't China -- it was us One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In the United States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs. Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color. Boston Globe
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  3120. @daneilating1316 One thing I stumbled upon in the 1990s as I was a junior investment analyst tasked to look at investment opportunities in China Was their companies were already going outside of the country primarily to SE Asia/Central Asia. Where the Chinese people and companies have an outsized control of these Countries economies. And these countries economies are dependent on the Chinese economy . Obviously with belt and road you see it in more other countries 👇 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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  3123. @ThePowerLover Yes USA has more internal debt than it does external debt For example 26 trillion in SS liabilities, 49 trillion in Medicare liabilities, 211 trillion in unfunded liabilities. Don’t forget about the 200 trillion in derivatives bets the TOOBIGTOFAIL banks have ion their books. Last time I checked could only cover 5% of those bets if you sold off all their assets for top dollar But then no one cares because that US internal debt has been and can be swept under the table And Yes these days with collective action agreements in sovereign debt defaults. A country like the USA is protected from holdout creditors forcing a Country who. has defaulted on its Sovereign debt , where in the past is was to be stuck in court for years and years unable to issue new external sovereign debt less it be seized Also the 33 trillion that the USA owes in external Sovereign debt right now… Much of it is owed directly indirectly to the American people But then that is assuming that the majority of the class action happy American “people” are going to allow their Government to screeew then over for 10s of trillions of dollars . If they default in that debt Also thanks for pointing that out. If you notice when we get comparisons between the USA and China debt figures there is usually great pains made to separate that US “internal” debt from that US “external” debt figures But when we get Chinese debt figures we get both the Chinese “internal” debt and the Chinese “external” debt, all lumped in together with each other Separate the two types of debt and yes they will show tons of “internal” debt, But very little “external” Sovereign debt
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  3124. @MegaBanne COLUMN-Do China's ghost cities offer a solution to Europe's migrant crisis? * While many of China’s new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. So why would anyone spend incredible amounts of cash on houses they do not intent to use? * All over the world, the value of property extends beyond the utilitarian function of being a place to live. Real estate is also a vital economic entity that presents an avenue for investment as well as a way of storing wealth - a use of property that is taken to the extreme in China. A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible number of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Strange as it may seem, they are very actively bought and sold in this bare-bones form. In fact, investors often prefer them that way. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn’t need to mold a piece of gold into something usable, like a piece of jewelry, for it to have value and an economic function, an apartment in China doesn’t need to have people living in it for it to be economically viable. “Empty units leave flexibility for quick sales in a changing market or need to cash in quickly,” said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong-based urban design firm. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1 percent or so) is often not worth the hassle - especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80 percent of homes in China are owned outright. Reuters
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  3126. It’s just a “Common Prosperity” push by the Central Government China still has a few hundred million poorer Rural Chinese still expected to move to the cities And join the rest Not going to happen if developers keep building higher end homes and not enough affordable housing. And the more well off keep snapping up these homes Disenfranchise the people at the bottom of your society and they will be the ones most likely to act out in protest China has been trying to tap the breaks on the real estate bubble since 2010. I know because I dumped my Chinese real estate ETFs in 2011 I would argue even the US/China trade war was over China closing off its economy. For example Nixing that Alipay IPO which would have been the biggest in history Yes China could open up its economy make many in China and the world even richer… but that would only widen the gulf between the rich and the poor in China When in doubt go off of what the top 1% investment bankers already know 👇 Project Syndicate The value of global China July 23, 2019 | Article By Jeongmin Seong and Jonathan Woetzel 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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  3135.  @bob1519  Truth is we are becoming more and more duuuuuum down Canadians looking for anyone else who to blame but ourselves We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
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  3141. The irony is most people replying in this thread, would not believe a single word MSM like CNN tells them except when it comes to China they just lap it up 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3143. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3144.  @eneerondelacruz4753  Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3149.  @Alopen-xb1rb  No the real problem is the world cried about climate change and China being the worlds biggest polluter Now it cries about overcapacity in China Maybe our richer G7/EU should be spending the money instead of complaining Btw if you haven’t noticed 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 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  3157.  @MASMIWA  looks like you are 100% right they are refining, but not heavy rare earths yet 👇 SPECIAL REPORT: U.S. Begins Forging Rare Earth Supply Chain 2/10/2023 And soon, MP Materials will no longer have to ship this mixture overseas to China for the lengthy process of separating and refining the rare earth elements. After two years of construction, the company announced in November that it is on the cusp of opening the first rare earth refinement facility within the United States at the Mountain Pass facility. First it must commission assets for the new facility for the second stage of production, which is a process of stress testing the facility’s equipment to ensure it is performing at the rate it was designed for, Sloustcher said during a tour of the ongoing construction at the Mountain Pass mine. The procedure will unfold over the course of 2023, he added. “We’re months away from producing refined products,” he said. “It’s really exciting.” The second stage of production starts with a process of drying, roasting, leaching and purifying the mixture of rare earth concentrate, he explained. Then, the rare earths are fed into one of several towering tanks located in a building longer than an American football field. In these vats, a solvent extraction process separates the mixture into individual rare earth oxides, he said. Although it’s just one refinement facility competing against multiple in China, its opening marks a crucial step in the United States’ effort to address its vulnerable rare earth supply chain. In 2020, the Department of Defense invested $10 million into the $200 million project, according to a Pentagon press release. MP Materials will focus on refining a compound of neodymium and praseodymium — one of the most common materials used to make rare earth magnets — as well as lanthanum and cerium, Sloustcher noted. These elements are classified as “light rare earths.” The government is also pushing for domestic production of “heavy rare earths,” which are more difficult to refine but also used to make more specialized magnets. For example, heavy rare earths terbium and dysprosium are needed to make rare earth permanent magnets that can operate in high temperatures, while samarium is used to produce samarium-cobalt magnets found in aerospace and defense applications. National Defense Magazine
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  3160. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Why didn’t China pull the nuclear option and boot these companies you might ask? They don’t believe in a zero sum game type of thinking As you can clearly see in the trade war they didn’t pull out their big trade weapons 👇 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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  3167. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3171. Can Anyone Talk to China Anymore? Probably Not Why would China so brazenly challenge the world’s economic powers like this? Because the country’s leaders know what our leaders are only beginning to understand — that China would probably win a global trade war. In March 2009, the Pentagon for the first time held a series of economic war games exercises. The soldiers were Wall Street traders and executives, economists and academics. The weapons were stocks, bonds and currencies. The participants were divided into teams: the U.S., China, Russia, Japan, the European Union and so on. Then the teams were presented with different scenarios — North Korea is imploding, a major global economy is melting down — and told to do what was in their best interests. Our intelligence experts watched as the economic conflicts played out. What the exercises showed was that the U.S. consistently lost to China in economic warfare. Part of the reason was that the U.S. could be easily distracted by expensive side conflicts that sapped our economic strength. But the more important reason was that China could inflict real pain on the U.S. without feeling it at home. For instance, by simply moving the maturities of some of its $850 billion in Treasury holdings from 90 days to 60 days, it could cause chaos in the U.S. stock markets. Or China could sell just a trickle of its U.S. financial assets and signal that it didn’t have confidence in the U.S. economy, setting off a panic here. The overall lesson from the exercise was that, for all of our saber-rattling, in our weakened economic state we have to be careful about poking this dragon. And what’s more, everyone involved knows it. HuffingtonPost
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  3178. It’s embarrassing how uneducated most Filipinos are and it’s your own Country… yet you get mad when hen people call you Nanny and maids Like you think no one can go do a simple search Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution Yes the tribunal did rule against the Chinese 9 dash line claim But No one other than Taiwan accepts that 9 dash line claim. Which the tribunal did rule against The tribunal did not rule on ownership of the disputed islands or waters But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years Not that hard to understand As for Sabah the Philippines has a historical claim on Sabah And there are islands right now closer to Malaysia in proximity that you Filipinos control That if we argue proximity Malaysia should get those islands back No doubt the Philippines defence will be how they took that land away from the Malaysians long ago making a historical claim 👇 In July 2016, an arbitration tribunal constituted under Annex VII of the United Nations Convention on the Law of the Sea (UNCLOS) ruled against the PRC's maritime claims in the South China Sea Arbitration.[14] The tribunal did not rule on the ownership of the islands or delimit maritime boundaries. Wikipedia
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  3181. Talk about a Bully Imagine an unprovoked attack on Malaysia, killing Malaysians then seeking a court case against them 👇 How Malaysia ended up owing $15 billion to a sultan's heirs * KUALA LUMPUR, Aug 4 (Reuters) - Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a $15 billion arbitration award in a dispute over a colonial-era land deal. In 1878, two European colonists signed a deal with the sultan for the use of his territory in present-day Malaysia – an agreement that independent Malaysia honoured until 2013, paying the monarch's descendants about $1,000 a year. Now, 144 years later after the original deal, Malaysia is on the hook for the second largest arbitration award on record for stopping the payments after a bloody incursion by supporters of Sultan Mohammed Jamalul Alam's heirs in which more than 50 people were killed. For years, Malaysia largely dismissed the claims but in July, two Luxembourg-based subsidiaries of state energy firm Petronas were served with a seizure notice to enforce the award that the heirs won in February. read more The arbitration ruling in France followed an eight-year legal effort by the heirs and $20 million in funds raised for them from unidentified third-party investors, according to interviews with main figures in the case and legal documents seen by Reuters. *Malaysia did not participate in nor recognise the arbitration - allowing the heirs to present their case without rebuttal - despite warnings that it would be dangerous to ignore the process. The claimants, including some retirees, are Filipino citizens leading middle-class lives, a far cry from their royal ancestors of the Sulu sultanate that once spanned rainforest-covered islands in the southern Philippines and parts of Borneo island. Reuters 👇 Malaysia Wins Court Battle Over $15 Billion Sulu Heirs Award The ruling by the French Court of Appeal questioned the jurisdiction of Spanish arbitrator Gustavo Stampa, who ordered last year’s eye-watering payout. The “partial award” was subsequently nullified by the Spanish High Court of Justice in June 2021, when it ruled that Malaysia had not been properly served ahead of Stampa’s appointment in 2019. In September, however, Stampa took the seemingly unusual step of transferring the arbitration proceeding to Paris, where he would go on to render the final award. Critics of Stampa and the Sulu heirs have accused them of “forum shopping” – of “hopping from one foreign jurisdiction to the next to find a court that was willing to hear their claim,” as two Malaysian writers put it in these pages last year. TheDiplomat
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  3184. Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. Which the tribunal did rule against The tribunal did not rule on ownership of the disputed islands or waters But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  3194.  @tonysu8860  Wasn’t too long ago we were complaining China was the number 1 polluter in the world and climate change!!!!! Now that the Chinese throw money at clean,green, renewable etc etc ???? We cry subsidies, overcapacity, and 100% tariffs What we really should be asking is what our Governments are doing with clean, green, renewables etc etc Since they cry so much about climate change 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief 👇 Fossil Fuel Subsidies Surged to Record $7 Trillion Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change IMF 👇
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  3207. What most people don’t get? Is it is 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 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 into the 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? They 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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  3214. The Chinese already control the “majority” of the worlds largest shipping ports and dominate the production of shipping containers It is you Americans and your support of Israel that seems to be the flashpoint and the ships the Houthis are targeting not the Chinese or Russians Btw What most people like you don’t get? Is it is 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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  3220.  @frieren1011  Plus….what grade 10 educated Filipinos don’t get The Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. Which the tribunal did rule against The tribunal did not rule on ownership of the disputed islands or waters But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  3225. Filipinos 70% of Filipinos never go past grade 10 education 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  3226.  @davidsoom1551  Since the launch of its fully driverless robotaxi service in Wuhan in August 2022, Baidu Apollo says it has experienced exponential growth in the number of vehicles, area of operation and user coverage in the city. Baidu’s fleet of fully driverless robotaxis operating in Wuhan has increased to 300, a significant growth from just five vehicles a year ago. Apollo Go has also achieved its longest one-way service distance in Wuhan, reaching 95km. Apollo Go’s area of operation has also been expanded from 100km2 to 1,100km2, covering four million potential users. “Over the past year, one of the most significant developments in the intelligent vehicle sector has been the successful implementation of autonomous driving on China’s complex urban roads,” commented Li Zhenyu, senior corporate vice president of Baidu and general manager of Intelligent Driving Group (IDG). “Since the launch of its autonomous ride-hailing service in Wuhan, Baidu has initiated operations across multiple areas in the city within less than a year, including Jingkai, Hanyang, Dongxihu and Qiaokou. The company also managed to expand its driverless car service to cover Wuhan Tianhe International Airport, becoming China’s first to offer driverless airport rides.” The expansion of its service area and the increase in fleet size have been accompanied by an increase in operational efficiency, leading to continuous cost reduction per vehicle per kilometer, according to the company. At the same time, Apollo Go has seen a significant increase in both average daily order volume and revenue per order. Meanwhile, Zhang Yaqin, a member of the Chinese Academy of Engineering and the Dean of Tsinghua University’s Institute of Intelligent Industry, has commended the safety of Baidu’s autonomous driving: “Baidu’s autonomous driving safety testing has surpassed 70 million kilometers, and in comparison to human driving, there has been a remarkable improvement in safety, from being three times safer to nearly 10 times safer.” Apollo Go had provided over 3.3 million rides to the public as of June 30, 2023. Autonomous Vehicle International
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  3227. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  3242.  @Matthew_Loutner  this is the only comment you can be partially correct on Like I said these days the Chinese lead the world in 37 out of 44 critical technologies of the future While there is now 27 books series on what the Chinese invented in the past Which some might categorize we stole from them and gave our West the Industrial Revolution Where I view it? as we made incremental innovations to what was already invented by them What do I mean by that? Take for example the Rocket The Chinese invented the Rocket in the 12th century more rudimentary ones in the 9th century Now now nowhere do I say the rockets the Chinese invented are anywhere near what we have today. Thats because incremental innovations were made to the Rocket over the centuries to what we have today Just like in 2007 the Chinese designed a “type” of anti satellite rocket, that both the USA and Russians had not developed yet. I call that making incremental innovations to what was already invented Americans like you probably calling it stealing Because history only started for you a few hundred years ago 👇 '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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  3246. Korea and Japan are concentrating on the more advanced or eco friendly ship building these days because the can’t beat China on volume Now the USA wants them to give that high end to them 😂😂😂 With a friend like this… 👇 China Trounces Korea Taking Three-Quarters of Shipbuilding Orders in April PUBLISHED MAY 8, 2024 The Export-Import Bank of Korea’s Overseas Economic Research Institute highlights that South Korea’s industry is following a selective order-taking strategy. The yards are focusing on high-value new builds as well as emerging technologies for eco-friendly and technologically advanced vessels. In the first quarter of 2024, just over half of the orders received by the South Korean yards were for liquified petroleum gas (LPG) carriers. The emerging category of very large ammonia carriers was just over 20 percent of the orders. Korean shipbuilders failed to take any orders for VLCCs last year and are now seeing a slowing in containership construction orders. Analysts are questioning South Korea’s strategy. They note that orders for LNG carriers which have been among the highest-priced vessels have likely peaked driven by the 104 orders placed mostly with the Korean yards linked to Qatar’s expansion. Qatar Energy reported it has completed the second tranche of its orders signing a massive contract with China for 18 Q-Max carriers, the largest LNG vessels. China’s yards have built large production capacities and are very competitive on price. Analysts highlight that China is now targeting more of the mid-sized vessel construction orders previously led by Japanese yards. In addition to the Q-Max order last month, Chinese yards received the only large orders for new containerships in 2024. China’s yards are also breaking into new technologies including methanol-fueled vessels. Maritime-Executive
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  3248.  @user-si3qc4pp5d  You sure about that? Still waiting for these American athletes to lose their medals 36 years later Show me where the Chinese are complaining about this? 👇 Lewis: ‘Who cares I failed drug test?’ Duncan Mackay Thu 24 Apr 2003 01.51 BST Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. THEGUARDIAN 👇 Feud Flares Between U.S. and Global Antidoping Agency American officials allowed athletes to compete after testing positive for performance-enhancing drugs so they could work undercover. Their global counterparts call that a breach of the rules. Feud Flares Between U.S. and Global Antidoping Agency American officials allowed athletes to compete after testing positive for performance-enhancing drugs so they could work undercover. Their global counterparts call that a breach of the rules. Published Aug. 7, 2024Updated Aug. 8, 2024, 12:38 p.m. ET NY Times
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  3254.  @profounddamas  How long do electric car batteries last? What 6,300 electric vehicles tell us about EV battery life Last updated on May 31, 2024 How long do EV batteries last? According to research from Geotab, the simple answer is that if the observed EV battery degradation rates are maintained, the vast majority of batteries will outlast the usable life of the vehicle and will never need to be replaced. Based on data from over 6,000 electric vehicles, spanning all the major makes and models, Geotab finds that EV batteries are exhibiting high levels of sustained health. Across all vehicles, on average, an EV battery degrades at 2.3% per year. Do electric car batteries wear out? Of course, like all batteries, they will eventually wear out, but in most cases, this will be long after the vehicle’s life-cycle is complete. See also: To what degree does temperature impact EV range? Do electric cars lose range over time? Technically, yes. What this means for an electric vehicle’s range is, if you purchase an EV today with a 150-mile range, you would lose about 17 miles of accessible range after five years. This decline is not likely to have a significant impact on most drivers’ day-to-day needs, but it is a factor fleet managers will need to consider when it comes to maximizing the value of their EVs. Importantly for consumers, car makers commonly offer a warranty on EV batteries for around eight years or 100,000 miles. This is the federal minimum in the United States and it varies by manufacturer and country. But by all accounts, electric car batteries should last much longer than that. GeoTab
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  3257.  @PelleGIT  What most people Americans like you 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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  3260.  @PelleGIT  no you don’t get it Chinese are trading with Countries who are growing in need of investment and goods and services Our Western Governments like the USA and EU are in China making the most profits inflating those Chinese export figures to the USA/EU and Also selling their goods to the domestic Chinese consumers What most people like you 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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  3262.  @PelleGIT  technology from the west???? China leads in 37 of 44 critical technologies of the future That’s how narrow minded we westerners are…. as we concentrate on the 7 technologies the Chinese are behind in conveniently overlooking the 37 technologies they lead the world in Like Semiconductors where they are behind …. we require their lithography machines to be 100% homegrown Which the Chinese have a 100% domestically made 28nm lithography machines that they can do that proprietary quadruple patterning Yet the difference is that world leading Dutch ASML company, sources 85% of in the parts from around the world, that go into their lithography machines While the Chinese lithography machines are 100% domestically made these days Because that’s the criteria we imposed on them Yet we view that they are behind 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 These days they are producing chips at par with the rest of the world and only behind Taiwan in the most advanced Chips And more importantly 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 like I said 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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  3273. It’s shocking most of the poster on here don’t believe a single word MSM tells them But believe every word MSM tells them about China 👇 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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  3288. This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. As they were using more and more illegal labour 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 into the 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 these companies could get even “more” or “better” access 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? They 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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  3290. This small landlocked country has more sense than the other countries who take their marching orders from the USA Complaining about China when both Russia and Ukraine receive dual use exported goods from China we know this because the Ukrainians started to use Chinese made retail drones over US made military grade drones 😂😂😂 👇 Chinese UAVs ‘Outperform’ US Drones In Ukraine War; WSJ Report Calls US-Made UAVs Fragile & Ineffective April 10, 2024 According to WSJ, most small unmanned aerial vehicles (UAVs) developed by American firms have struggled to perform in combat scenarios. This development blows the hopes of these companies, who anticipated that combat testing would bolster sales and attention for their products. Moreover, it poses challenges for the Pentagon, which requires a reliable supply of thousands of small drones for various purposes. Sources cited in the report, including drone company executives, Ukrainian frontline personnel, government officials, and former US military officials, outline several key issues plaguing US-made drones. These include exorbitant costs, technical faults, and complex repair processes. In particular, Ukrainian officials have found US-made drones to be fragile and ineffective against Russian jamming and GPS blackout technology. Instances have been reported where these drones failed to take off, complete missions, or return safely. Moreover, they often fall short of advertised flight distances and payload capacities. Eurasiatimesnews 👇 Ukraine and Israel buying Chinese civilian drones for combat use; shun U.S military drones Kevin Walmsley YouTube 👇 How American Drones Failed to Turn the Tide in Ukraine Drones from American startups have been deemed glitchy and expensive, prompting Ukraine to turn to alternatives from China Updated April 10, 2024 at 4:56 pm ET The Silicon Valley company Skydio sent hundreds of its best drones to Ukraine to help fight the Russians. Things didn’t go well. WSJ 👇 American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones Chris Panella Apr 10, 2024, 3:44 PM ET American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. * The problems with many US-made drones, particularly some of the smaller ones, are that they often don't function as advertised or planned and easily glitch when targeted by Russian jamming, sources told The Wall Street Journal. They are fragile and vulnerable to electronic warfare. For some of the systems that were sent to Ukraine, issues included not taking off, getting lost and not returning home, or simply failing to meet mission expectations. * US drones are also typically far more expensive than comparable models. And at the rate Ukraine is burning through them, it wouldn't be feasible. Instead, Ukraine is turning to systems made by Chinese companies for cheaper and often more reliable alternatives. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Ukrainian forces sometimes strap bombs directly on them for a makeshift one-way attack drone or use them to drop grenades. BI
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  3294.  @partyeslife8157  I don’t think you have a clue yourself China has border disputes…. but that’s far from western countries invading far off countries As for its people 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3299. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  3306. Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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. 👇 China attempts to deflate its unstable property bubble China is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijing Wed 9 Mar 2011 19.24 GMT Chinese officials are blaming speculators for soaring property prices and are vowing to build 36m affordable homes over the next five years. There are already widespread concerns about China's booming property market and the threat it poses to the country's expanding economy. China would spend nearly $200bn (£123bn) on an affordable homes and social housing scheme, said deputy housing minister Qi Ji in Beijing . The pledge came a few days after premier Wen Jiabao promised to "resolutely" curb speculation to tackle excessively rapid price increases The authorities have taken various steps since spring last year to dampen the property market. These include raising interest rates, increasing the minimum downpayment required on second homes and restricting the rights of foreigners to buy property. Two Chinese cities are now imposing sales tax on property deals. While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%. The Guardian
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  3307. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3318. @FogoMackenzie Canadian Real Estate has been strong for decades because of immigrants We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are Canadians can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in The future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that screws over the younger folks but we don’t want to crash our Ponzi Scheme economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life sucks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke borrowers who couldn’t replace ourselves
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  3330. For the west it’s about China closing itself off to them especially the USA It not about trade deficits because we in the west tend to consume more than we produce So we trade with XYZ country we 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 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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  3332. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3347.  @arenzricodexd4409  And this is China we are talking about there is now 27 books out there on what China invented that says. We copied from them These days China leads the “world” in 37 of 44 critical technologies of the future Yet we narrowly focus on the technologies that they are behind thinking they won’t be able to catch up In those fields Or will just give up Thinking for even a second they think like us over there, is a big mistake If they thought like us? in zero sum-game theory like us westerners They would have crashed our economies by now…where yes both sides get hurt but we get hurt more To think the way you think Dunning-Kruger thinking 👇 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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  3357.  @PissBreakSupervisorOleHopkins  Why we bringing these people here? We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3367. Now they have just turned us into brain wash.d dummm down westerners over them red book thumping com mies 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 👇 Imperialist media can’t stop lying about mosques in China * Firsthand report from Kashgar On a recent visit to Kashgar, Xinjiang, home to about 80% of the ethnic Uygur population, this writer had a chance to speak to residents and learn about local architecture. Many of the buildings in Kashgar are 1,000 or more years old. These old buildings, while stunningly beautiful, were not built to standards that would be considered seismically safe today in areas with a risk of earthquakes. In the past, collapses and deaths were common. * In 2020, the U.S. Mosque Survey counted 2,769 mosques in this country, compared to China’s more than 35,000 mosques. This means that Chinese Muslims have nearly three times more mosques per capita than do Muslims in the U.S. But the accusations don’t stop at alleged demolition. The Western media have also claimed that the Chinese government is carrying out a process of “Sinification” through the renovations, meaning that China is allegedly removing the Arabic aspects of mosques and replacing them with traditional Chinese architecture. Mosques built in the traditional Chinese-style architecture are presented in the Western media as “evidence” of “cultural erasure,” when in reality mosques built in Chinese style have existed as far back as around 700 C.E. There are also many Muslim populations in China that are not Arabic in origin, such as the Hui population, who were originally descended from Han Chinese and are Chinese-speaking. Because of the ancient Silk Road and the historical mixing of peoples from the Chinese coast with Arab, European and many other peoples, the blending of language, religion and architecture should not be seen as an attempt at Han hegemony, but rather as a natural blending of peoples living side-by-side in a multiethnic nation with more than 5,000 years of recorded history. WorkersWorld
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  3368. China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways They already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  3375. This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is 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 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 in 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? They 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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  3379.  @waltertodd4479  it’s really not a hard concept to understand Property Developer gets a influx of cash What do you think they do with it? They do what they do best build 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3384. This was by design 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3388. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These multinationals are still using the same highly polluting labour intensive formula. Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets 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 option and boot these companies you might ask? They 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 hey we’re 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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  3392. @Ahmaio Get serious American companies went to Asia/China to take advantage of their weak labour laws, weak environmental laws, yes weak IP laws and mass Pool of cheap labour they could pay dollar a day wages to. This was nothing new developed country goes to a developing country takes advantage of the locals until they complain about wages or pollution. The difference is those migrant workers didn’t complain. They put up with those slave like working conditions saved 30% of these dollar a day wages each year for over 5 decades Invested that money or made a business with it. To the point their middle class is pushing you Americans out of your own housing markets. As for inventions? There is a now 7 volume and 27 book series on what China invented in the past that says we stole from them. Or took what they shared and used it against them 👇 Why was China erased from Western memory 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. mysingaporenewsblogspot
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  3395.  @bcanuck  We need immigrants to support the economy no one said anything about housing them if we could throw them into factory type housing without public uproar. Like we do with migrants picking our fruits and vegetables we probably would We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3398. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines off the shores of Malaysian land) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in the 1970s on those disputed islands and waters Where China makes a 200 bce historical claim that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3399. Philippines made a claim in 1971 a few years after oil was found China 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3404. The Chinese were there before the Spanish 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3406. 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 Chinese ambassador 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 China would 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. . . 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 Chinese leaders, 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 Chinese dictate the terms of negotiation;this should be seen against the background of a decade-long hostility between the two countries. . . 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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  3429.  @ront769  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3433.  @kenlee1416  Difference a lot of that US Treasury debt that is being printed up is being put on the US FED Balance Sheet in Q3 of 2019 The US FED was bailing out those TOOBIGTOFAIL banks in their repo markets once again… less their credit markets seize up once again A few things we learned since the 2008 subprime crisis 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 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. 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 That QT selling ended during Q3 of 2019 Because that selling of debt ended up freezing 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. And didnt bailout foreign investors who took a risk buying those junk bonds While the USA left their real estate market to implode. Kept the money flowing to the companies and bailed out foreign investors who invested in private internal debt Yet we are complaining who is capitalist/communist 👇 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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  3438.  @Featherface01  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3443. Even with China concentrating on its Belt and Road partner countries . China still has a 800 billion dollar trade surplus with the world But right now they are on a common prosperity push 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3447. they have done war games/war scenarios over and over Arming the Philippines would just make it a target when the Chinese can produce 1000 cruise missiles everyday. That’s how they plan to win a war with the USA. Out produce the Americans 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. Politico
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  3450. You do sound stooopid 👇 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest Would India do the same for its untouchables Heck you just made a citizenship law that excludes Muslims
    1
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  3456.  @DerElsasser1  you need to stop complaining the Chinese have been tested the most at these Olympics Maybe they are even better than the Americans at masking their doping these days But until this dude loses his medals and 100s of other American athletes Then you need to cope with Chinese swimmers Time to go to a family reunion for a date 👇 Lewis: ‘Who cares I failed drug test?’ Duncan Mackay Thu 24 Apr 2003 01.51 BST Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. THEGUARDIAN
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  3459. What most people don’t get? Is it is 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 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 into the 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? They 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
    1
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  3461. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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
    1
  3462. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    1
  3463. This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. As they were using more and more illegal labour 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 into the 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? They 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
    1
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  3466. Your info is outdated 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
    1
  3467.  @Madame702  seriously where did you come from under a rock? 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
    1
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  3492. Most people believed this about 20 years ago when the Chinese were seen as copycats But then they don’t even know their own history 👇 A nation of outlaws A century ago, that wasn't China -- it was us One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In theUnited States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs. Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color. Boston Globe
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  3494.  @DonLee1980  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    1
  3495.  @captaincabbagio  with their engineered slowdown (or else 70% of the people in their city real estate markets would probably be buying their 3rd 4th or 5th homes right about now…. ) While a few hundred million rural migrants can’t find an affordable home as they migrate to the cities And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years And have a record trade surplus for the first 6 months of 2024 Even though their Central Government is cracking down into real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and into investimg in technology/industries instead. (What’s the difference between buying a 4th house vs a 5th house) 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 We can hide our heads in the sand and pretend “it ain’t so”… like that will help us out in the long run 👇 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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  3517. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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
    1
  3518. 👇 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
    1
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  3520.  @senti2175  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
    1
  3521.  @OTROHIJO  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
    1
  3522.  @pipiqiqi4010  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    1
  3523.  @canthandlethetruth-dji  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    1
  3524.  @unsettledonpurpose  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
    1
  3525. Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG
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  3532.  @AceSM18  Have you even bothered to look at a map between Philippines and Malaysia? Putting aside your claim to Sabah There are still Filipino claimed/controlled islands that are way closer to Malaysia Malaysia should take the Philippines to court and make a Proximity claim As for UNCLOS 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  3534.  @AceSM18  You Filipinos invaded Sabah and caused the demise of 71 people in 2013 And you don’t even understand the history of your own country and the historical claim you have on Sabah The money the Malaysians pay you every year, they say it’s for the “sale” of Sabah You Filipinos call the money they pay you every year, money for the “rental” of Sabah Which In my opinion I agree it’s a rental and you Filipinos are the actual owners of Sabah, not Malaysia BUT arguing “sale” or “rental” it does not matter The Malays have the right to pay you 5000 Malaysian Ringgit every year in perpetuity Meaning they can pay you for ever and ever and ever for the “sale”or “rental” of Sabah 👈whatever you want to call it Time to learn the historical facts about your own country Also there is that issue of you Filipinos unilaterally bringing forth a proximity claim on those disputed islands you have with China Where you went to that ICJ tribunal in 2016 dismissing “historical claim.” Where a proximity claim trumps all The Philippines only making an official proximity claim for the first time in 1971 proximity claim on those disputed islands you have with China So with tour very own proximity claim logic Sabah belongs to Malaysia, along with a few islands you Filipinos now control, that are closer to Malaysia, that you no doubt bullied from Malaysia in the past It’s really not that hard to understand unless you are a Filipino 👇 The two main sultanates in the region at the time were Sulu and Brunei. In 1658, the Sultan of Brunei gave Sabah to the Sultan of Sulu - either as a dowry or because troops from Sulu had helped him quell a rebellion. More than 350 years later, the sultan's heirs have come to remind Malaysians that they still consider Sabah to be part of Sulu and, by extension, part of the Philippines. "Sabah is our home," they said simply when asked why they had come. But history is not that simple and of course Malaysia has no intention of giving up Sabah to this little band of Filipinos. The crux of their disagreement lies in a contract made in 1878, between the Sultanate of Sulu and the British North Borneo Company. Under this contract known as pajak, the company could occupy Sabah in perpetuity as long as it paid a regular sum of money. Even today, Malaysia pays about 5,000 Malaysian ringgit (£1,000, $1,500) a year to the Sultanate of Sulu. But the British and, after that an independent Malaysia, interpreted pajak to mean sale, while the Sulu Sultanate has always maintained it means lease. "In my opinion, this is more consistent with a lease rather than a sale, because you can't have a purchase price which is not fixed and which is payable until kingdom come," said Harry Roque, a law professor at the University of the Philippines. BBC
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  3537. What most people don’t get? Is it is 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 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 into the 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? They 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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  3544. @thedduck I think you are the one missing the point China went from virtually no ability to make chips and non existent semiconductor foundries 5 years ago to what we have today Plus these gadgets wouldn’t be possible without the Rare Earths (REE) that are mined and more importantly refined in China Even today as Countries around the world start to mine and refine their own REE When trump started this trade war China was the vast majority of the refining of rare earths And the Chinese knew that advantage was only finite especially back then when the USA was expected to be able to refine REE 4 years later in 2022. Yet they don’t pull the trigger As for who invented what???? There is a 7 volume 27 book series on Chinese inventions that one could argue we in the west copied or stole from China I like to believe incremental innovations were made to their inventions to what we have today Take for example the rocket the Chinese invented the rocket in the 12th century more rudimentary one in the 9th century But nowhere am I saying the rocket they invented is anything like we have today. Because incremental innovations were made to the rocket over the centuries Just like in 2007 where the Chinese were the first to develop a type of anti satellite rocket a type of rocket the USA or Russia had yet to develop I call it making incremental innovations to what was already invented, you no doubt call it copying or stealing But like I said everyone copies even the USA. But if you are going to argue who was first? The 7 volume 27 book series called Science and Civilization in China says time to “Read Me” 👇 Science and Civilisation in China (1954–present) is an ongoing series of books about the history of science and technology in China published by Cambridge University Press. It was initiated and edited by British historian Joseph Needham (1900–1995). Needham was a well-respected scientist before undertaking this encyclopedia and was even responsible for the "S" in UNESCO.[1] To date there have been seven volumes in twenty-seven books. The series was on the Modern Library Board's 100 Best Nonfiction books of the 20th century.[2] Wikipedia
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  3548.  @joelturley4847  Why are you such a trooooll? Everyone is Wumao for telling the truth And not posting up f ache News like you do 👇 China Trounces Korea Taking Three-Quarters of Shipbuilding Orders in April PUBLISHED MAY 8, 2024 The Export-Import Bank of Korea’s Overseas Economic Research Institute highlights that South Korea’s industry is following a selective order-taking strategy. The yards are focusing on high-value new builds as well as emerging technologies for eco-friendly and technologically advanced vessels. In the first quarter of 2024, just over half of the orders received by the South Korean yards were for liquified petroleum gas (LPG) carriers. The emerging category of very large ammonia carriers was just over 20 percent of the orders. Korean shipbuilders failed to take any orders for VLCCs last year and are now seeing a slowing in containership construction orders. Analysts are questioning South Korea’s strategy. They note that orders for LNG carriers which have been among the highest-priced vessels have likely peaked driven by the 104 orders placed mostly with the Korean yards linked to Qatar’s expansion. Qatar Energy reported it has completed the second tranche of its orders signing a massive contract with China for 18 Q-Max carriers, the largest LNG vessels. China’s yards have built large production capacities and are very competitive on price. Analysts highlight that China is now targeting more of the mid-sized vessel construction orders previously led by Japanese yards. In addition to the Q-Max order last month, Chinese yards received the only large orders for new containerships in 2024. China’s yards are also breaking into new technologies including methanol-fueled vessels. Maritime Executive
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  3560.  @cooleyfc  Disillusioned about China’, more Chinese aim for US via risky Darien Gap In 2023, Chinese migrants become the largest group outside the Americas to cross the treacherous region to reach the US. * Behind her, signs explaining the hotel prices and policies are written in Mandarin. Pots of spicy instant noodles imported from China are for sale next to bottles of water. Payments via the Chinese social media app WeChat are accepted. * “They move along in their own separate world,” Fernandez said. The group of middle-aged travellers, wearing hats and carrying tents and walking poles, are dressed for a trek. But not everything quite adds up. Many are wearing lightweight Crocs footwear, and their small backpacks are wrapped in plastic bags. * Just over 25,000 of those migrants were Chinese, making them the fourth largest overall nationality and the largest outside of the Americas to making the crossing. * Chinese migrants – unlike many of the other most common nationalities in the Darien, such as Venezuelans and Haitians – often take special “VIP” routes across the jungle that are led by guides working for the Gulf Clan, Colombia’s largest drug cartel, and are quicker and less strenuous for higher prices than the most basic routes. Why we want to go to the United States’ * “Our requirements are very simple: We can afford medical treatment, have a place to live, our children can afford to go to school and our family can be safe.” * Some migrants interviewed by Zhou were misled to believe they could easily get a job for $10,000 in cash a month. However, the reality is that many are struggling to get jobs because employers are fearful of hiring undocumented workers. * “I was forced to do this,” Sheng said while sipping a cup of tea at his hotel in Necocli. “It’s really difficult for most Chinese people to apply for a visa to America. But I feel disillusioned about China. That’s why we’re here in the jungle.” Aljazeera
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  3569.  @thecomment9489  Civilization state versus nation-state 15/01/11 - Süddeutsche Zeitung China confronts Europe with an enormous problem: we do not understand it 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’. Or consider a quite different example. Over 90 per cent of Chinese think of themselves as of one race, the Han. This is so different from the world’s other most populous nations – India, United States, Indonesia and Brazil, all of which are highly multi-racial – as to be extraordinary. Of course, in reality the Han were a product of many different races, but the Han do not think of themselves like that. And the reason takes us back to the civilization-state and one of its defining characteristics, namely China’s remarkable longevity. Over thousands of years, as a result of many processes, cultural, racial and ethnic, the differences between the many races that comprised the Han have been weakened to the point where they were no longer significant. We will never make sense of China if we persist in treating it as if it is, or should be, a product of our own civilization. Our present attitude towards China is a function of arrogance and ignorance. And it threatens to leave us bewildered, confused and alienated. Our historical inheritance, and the mentality it has engendered, ill equips us for the very new world that is presently unfolding before us. Martin Jacques
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  3573. @Thegreatpotato24 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. In every exercise the U.S. is not engaged in an abstract push-button war from 30,000 feet up like the ones Americans have come to expect since the end of the Cold War, but a horrifically bloody one. And that’s assuming the U.S.-China war doesn’t go nuclear. Politico
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  3577. What most people don’t get? Is it is 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 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 into the 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? They 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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  3593.  @krollpeter  US-China tech war: Beijing's secret chipmaking champions How Washington's sanctions boosted China's semiconductor sector CHENG TING-FANG and LAULY LI, Nikkei staff writers MAY 5, 2021 06:16 JST 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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  3611. Ethnic Chinese/overseas Chinese were the biggest FDI investors into China during its 30 years of double digit growth. And serve as bridge these days for China FDI into ASEAN countries Does it matter? Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  3613.  @HKim0072  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3616.  @lophiz1945  The difference is this 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 like in 2008 A few things we learned since the 2008 subprime crisis 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 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. 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/indirectly) That QT selling ended during Q3 of 2019 Because that selling of debt ended up freezing 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 Yet we are complaining who is capitalist/communist 👇 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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  3627.  @WinninethePING  Timeline of the South China Sea dispute China * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands Philippines * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3628. Well the western elite/MSM just recently called for China collapse because it cracked down on its real estate/speculation When the truth? 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3629. Why was the western Governments/elite MSM giving/still giving us this f ache narrative ? Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  3634.  @文羽-j7o  China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways They already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  3635.  @yauyuso  Are you taking in China the solution is simple the vast majority of the people investing in these property developers, these last few years were well off Chinese or sophisticated foreign investors The people owed homes in China? can be given a home that was already built by these developers, the remaining can be sold at a discount to those around 200 million rural country folk still expected to migrate to the cities join their more well off Chinese urban countrymen Although they might not be in a city these people choose but it is the risk these people knowingly took even with the writing on the wall (These people took a risk hoping the CCP Government would bail them out) Win win for everyone people owed a home get a home, rural migrants get a more luxurious home at a discount 😉 And the well off Chinese/Sophisticated Foreign Investors get back a few more pennies on the dollar… Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  3636.  @blackbelt2000  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3641. Those are all bordering countries Even the South China Sea is framed with a western narrative 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3642. China isn’t the only country with SCS island grabs many other countries have taken islands It’s just the USA wants to paint the Chinese as the bad guy When the Philippines who the USA supports in this dispute invaded Sabah in Malaysia and caused the demise of 71 people in 2013 Where the Philippines makes a historical claim on Sabah Where Malaysia clearly wins the proximity debate Which all stems from a Previous Sultan gifting this land to people who are now Filipinos as a prize for quelling a rebellion Where the Malays call the money they pay every year the sale of the land and the Filipinos call that money the Malays pay every year a rental BUT arguing “sale” or “rental” it does not matter The Malays have the right to pay 5000 Malaysian Ringgit every year in perpetuity to the Philippines Meaning they can pay the Philippines for ever and ever and ever for the “sale”or “rental” of Sabah 👈whatever people want to call it And certainly does not give the Filipinos the right to invade Sabah Also there is that issue of the Philippines unilaterally bringing forth a proximity claim on those disputed islands they have with China Where they went to that ICJ tribunal in 2016 dismissing historical claims….. as a legitimate claim While only accepting a recent 1971 proximity claim: the Philippines made on those disputed islands they have with China where China made a 200 BCE claim In any event with their very own proximity claim logic they argued in the Tribunal Sabah belongs to Malaysia, along with a few islands that Filipinos now control, that are closer to Malaysia in proximity that should be visited
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  3644. Most Chinese don’t invest in their own stock market why did you??? Most people like you have no clue what they are talking about when it comes to China The irony is you would not believe a single word MSM like CNN except when it comes to China you just lap it up 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3647. POLITICS Trump says Medal of Freedom "equivalent" to and "much better" than Medal of Honor, sparking backlash from veterans By James LaPorta Updated on: August 16, 2024 / 5:57 PM EDT / CBS News Former President Donald Trump received an immediate backlash Thursday when he said the Presidential Medal of Freedom he awarded to Dr. Miriam Adelson, the widow of Republican mega-donor Sheldon Adelson, was "equivalent" and "much better" than the Medal of Honor, the nation's highest military award for bravery in combat. Speaking from his golf club in Bedminster, New Jersey, during an event on fighting antisemitism, Trump praised the late Las Vegas casino magnate as "one of the greatest businessmen in the world," before addressing Sheldon Adelson's widow to make a comparison between the Medal of Honor and the Presidential Medal of Freedom, the nation's highest civilian honor, which is typically given for significant achievements in the arts, public service and other fields. "I watched Sheldon sitting so proud in the White House when we gave Miriam the Presidential Medal of Freedom. That's the highest award you can get as a civilian. It's the equivalent of the Congressional Medal of Honor, but civilian version," said Trump as he spoke from the podium in front of multiple American and Israeli flags. He added, "It's actually much better because everyone gets the Congressional Medal of Honor, they're soldiers. They're either in very bad shape because they've been hit so many times by bullets or they are dead. She gets it and she's a healthy, beautiful woman. And they're rated equal, but she got the Presidential Medal of Freedom." CBS news
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  3653. The main FDI investors in China were the Chinese Diaspora 👇 The Chinese diaspora’s role in the rise of China But those who are have played a pivotal role in developing China’s export industries, and mediating its economic integration with the region in ways that have allowed China to grow fast while retaining key features of its pre-1979 political economy. As such, the diaspora has effectively given China a resource unavailable to any previous rising power. From the outset of China’s economic reform era, diaspora Chinese have provided the lion’s share of inward foreign investment. This has been concentrated in export-oriented sectors, driving growth of transnational production networks that today bind China’s neighbours to it through the world’s most integrated intraregional trading system. But this outcome was not pre-ordained. In the 1980s, China was still a capital-poor country, racked by political battles over the direction of economic reform. During these uncertain years, diaspora investors were more persistent than their foreign competitors in China, relying on cultural and ancestral ties to offset political risk. They also directly shaped the reform debates: diaspora entrepreneurs served in the Chinese People’s Political Consultative Conference and the National People’s Congress, cultivating relationships all the way up to Deng Xiaoping. They influenced the conception and implementation of special economic zones (SEZs). And the technology and capital they sunk into these SEZs powered the take-off of China’s export industries, weighing the political scales in favour of continued liberalisation and opening. EASTASIAFORUM
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  3659. You are clueless What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners These multinationals are also using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificing so they could get more or better access into those Chinese Domestic markets Why didn’t China pull the nuclear option and boot these companies you might ask? They 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 👇 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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  3661. And let’s be honest about what you are really alluding to The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it We didn’t do them any favours paying those dollar a day wages In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese took those savings invested or made a business with their savings Yeah sure we expected them to buy 1 billion toothbrushes and 2 billion socks What we didn’t expect was for them to enrich themselves My proof even before our western Governments and western corporations pushed for Chinas inclusion into the WTO? Our top of the food chain 1%ters and their TOOBIGTOFAIL investment banks, worked out the worst deal ever for themselves A 33% interest in a Joint Venture Banking Subsidiary where the Chinese parent bank held a 67% interest
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  3663. Btw if you have only been in China the last 10 years Then you have only seen a Government that is trying to slowdown its economy I’ve been researching, investing and living in on and off China since the 1980s In fact from and Investing point of view started dumping out Chinese real estate stocks in 2010 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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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  3670. Btw were you not the winner who said he went to China starting 10 years ago???? I’m giving you these articles to show you their Government was cracking down on real estate and basically 30% of their economy and where Chinese people store their wealth 14 years ago Stick to your poems English teacher in China 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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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  3674. Btw the people really getting hurt these days are the “Sophisticated Foreign Investors” in 2010 folks started using Shadow Banks really just Rich Chinese investors Giving loans to these Developers The Central Government came into shutdown and regulate Then these Developers started flogging Wealth Management investment vehicles to the rich Chinese Which the Government came into shutdown and regulate But then these Developers started to sell their Junk Bonds to “Sophisticated Foreign Investors” Where these Junk bonds really started to take off in popularity these last few years (Btw Developer gets a cash infusion what do you think they did with that cash???) The General consensus was the Chinese Government would backstop these Companies I had a few reach out for my opinion since they know I started researching China as an investment option in the late 80s during my investment banking days My reply was “Not when the Central Government was cutting off money flow to these developers for over a decade 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  3677. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in The future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… borrowers who couldn’t replace ourselves
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  3682. Not as bad as your USA being 500 trillion in debt China cut off money flow to Vanke 14 years ago It was Sophisticated Foteign Investors buying these Property Developers junk bonds these last few years what do you think these Property Developers did with that sudden influx of money…. They built more higher end housing 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider
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  3684.  @xdragus  bingo 👇 Most people are lazy they will read the western Mainstream Media headlines on a article (Mainstream Media they don’t trust unless it’s news about China) And will assume it is Tesla introducing FSD to China and bringing their Robotaxis to China But Apparently Musk went to China to get that Chinese FSD data stored over there by Tesla since 2021 The Chinese probably said no we can’t allow that Chinese data to go to the USA so you can type up some algorithms But we will allow you to team up with Baidu who are already way ahead of you anyways This will help you compete in China vs Chinese EV makers 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC
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  3696. It was more of a international effort the Americans helped to partially fund, the building of the BSL4 Biolab the French built it The USA, UK, France, and Canada helped to train the scientists working there And the USA funded that Gain-Of-Function Research in that Biolab 👇 State Department cables warned of safety issues at Wuhan lab studying bat coronaviruses By Josh Rogin April 14, 2020 at 5:0 * In January 2018, the U.S. Embassy in Beijing took the unusual step of repeatedly sending U.S. science diplomats to the Wuhan Institute of Virology (WIV), which had in 2015 become China’s first laboratory to achieve the highest level of international bioresearch safety (known as BSL-4). WIV issued a news release in English about the last of these visits, which occurred on March 27, 2018. *During interactions with scientists at the WIV laboratory, they noted the new lab has a serious shortage of appropriately trained technicians and investigators needed to safely operate this high-containment laboratory,” states the Jan. 19, 2018, cable, which was drafted by two officials from the embassy’s environment, science and health sections who met with the WIV scientists. (The State Department declined to comment on this and other details of the story.) The Chinese researchers at WIV were receiving assistance from the Galveston National Laboratory at the University of Texas Medical Branch and other U.S. organizations, but the Chinese requested additional help. The cables argued that the United States should give the Wuhan lab further support, mainly because its research on bat coronaviruses was important but also dangerous. WAPO
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  3698. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  3712. They will still have a billion people by 2075 The country population Will peak in 2050 and will not be expected to start losing people until that year Psst here is a secret Made in China was being powered by illegal workers from SE Asia snuggled into factories in China But more recently automation in those factories As these days China has 12 times the rate of robot use in manufacturing than the United States We’re talking driverless taxis, and busses. Ai grocery stores. Robot deliveries. During Covid they used AI delivery vehicles to deliver food as people were locked down In the future we are “all” probably going to have to have a basic income because we can’t compete with an AI robot…. Even with Chinas go out policy and Belt and Road Initiative where China is sending out its people and companies China still has a 800! billion USD trade surplus with the world Example India with a younger workforce, bigger workforce, lower wages has a 90 to 100 billion dollar trade deficit with China Plus anyone still talking China proper? Has missed the boat I started warning about a rising China in the 1980s not because of what I saw within in China but what I stumbled upon outside of China As Chinese people and their Companies were going out to SE Asia and then onto places like Central Asia and Africa. Where the. Economies are dominated by the Chinese and the Countries are dependent on the Chinese economy 👇 Ethnic Chinese dominate PH economy Truly, a picture is worth a thousand words. The pictures of the top 15 Filipino billionaires (in US dollars, mind you) in Friday’s issue of the Inquirer brought home with crystal clarity the domination of the Philippine economy by ethnic Chinese. This is, of course, not a unique situation, as it seems to be the case in all of Southeast Asia Philippine Daily Inquirer
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  3715. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These multinationals are still using the same highly polluting labour intensive formula. Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets 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 option and boot these companies you might ask? They 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 hey we’re 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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  3735. 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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  3739. 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  3757.  TeeHee-vo1bn  not really the young are still moving to the cities Although Older Chinese might be moving out even with their engineered slowdown (or else 70% of the people in their city real estate markets would probably be buying their 3rd 4th or 5th homes right about now…. ) While a few hundred million rural migrants can’t find an affordable home as they migrate to the cities And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years And have a record trade surplus for the first 6 months of 2024 Even though their Central Government is cracking down into real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and into investimg in technology/industries instead. (What’s the difference between buying a 4th house vs a 5th house) 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 We can hide our heads in the sand and pretend “it ain’t so”… like that will help us out in the long run 👇 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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  3760. There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  3766.  @johnwright9372  What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? What most people like you 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, smuggled in from South East Asia in their wholly owned factories in China 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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  3767.  @daddy9267 actually when China joined the ASEAN free trade agreement They proposed that China would drop all its tariffs immediately, while allowing these ASEAN Nations to continue to impose tariffs until such time as the dates they would be required to get rid of them under the agreement Plus during trade war when the USA was raising tariffs the Chinese were lowering tariffs to most other countries These days???? 👇 China starts zero-tariff treatment for 6 least-developed African countries Positive move to continue bolstering bilateral trade, show demonstration effect By GT staff reporters Published: Dec 25, 2023 09:45 PM The zero-tariff treatment China had granted for six least-developed African countries officially took effect on Monday. Experts and industry players noted that the move will bolster trade between China and Africa while showing a demonstration effect for China's cooperation with other markets. The Customs Tariff Commission of the State Council, China's cabinet, announced on December 6 that 98 percent of taxable products from Angola, The Gambia, the Democratic Republic of the Congo (DRC), Madagascar, Mali and Mauritania would be exempt from import tariffs starting on Monday. Sarah Wang, executive director of Beijing Wise Century Trading Co, which sells a range of African products, told the Global Times on Monday that such measures will have a huge implication for trade between these countries and China. "With zero tariffs, these countries could expand the sales channels for their local produce, find new ways to generate foreign exchange reserves and create jobs," Wang said. The implementation of the tax break is a significant move contributing to fulfilling the China-Africa comprehensive strategic and cooperative partnership, and realize its responsibility under the WTO-led Aid for Trade Initiative, Song Wei, a professor at Beijing Foreign Studies University, told the Global Times on Monday. GT
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  3773.  @frankjames7272  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest 👇 New documentary focuses on financial health in Black community | Watch 'Our America: In the Black' In comparison, the median net worth of all U.S. households is about 7.6 times higher than black net worth. Additionally, a startling statistic by the organization Prosperity Now and the Institute for Policy Studies, predicts that the median wealth of Black Americans "will fall to zero by 2053." Feb 1, 2024 ABC
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  3781. What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner These days ????? Is it is 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 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 into the 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? They 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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  3785. China is going to complain just like the USA did when China did it to companies like Google What else do you expect these countries to do? This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. As they were using more and more illegal labour 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 into the 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? They 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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  3786.  @mudshovel289  Disillusioned about China’, more Chinese aim for US via risky Darien Gap In 2023, Chinese migrants become the largest group outside the Americas to cross the treacherous region to reach the US. * Behind her, signs explaining the hotel prices and policies are written in Mandarin. Pots of spicy instant noodles imported from China are for sale next to bottles of water. Payments via the Chinese social media app WeChat are accepted. * “They move along in their own separate world,” Fernandez said. The group of middle-aged travellers, wearing hats and carrying tents and walking poles, are dressed for a trek. But not everything quite adds up. Many are wearing lightweight Crocs footwear, and their small backpacks are wrapped in plastic bags. * Just over 25,000 of those migrants were Chinese, making them the fourth largest overall nationality and the largest outside of the Americas to making the crossing. * Chinese migrants – unlike many of the other most common nationalities in the Darien, such as Venezuelans and Haitians – often take special “VIP” routes across the jungle that are led by guides working for the Gulf Clan, Colombia’s largest drug cartel, and are quicker and less strenuous for higher prices than the most basic routes. Why we want to go to the United States’ * “Our requirements are very simple: We can afford medical treatment, have a place to live, our children can afford to go to school and our family can be safe.” * Some migrants interviewed by Zhou were misled to believe they could easily get a job for $10,000 in cash a month. However, the reality is that many are struggling to get jobs because employers are fearful of hiring undocumented workers. * “I was forced to do this,” Sheng said while sipping a cup of tea at his hotel in Necocli. “It’s really difficult for most Chinese people to apply for a visa to America. But I feel disillusioned about China. That’s why we’re here in the jungle.” Aljazeera
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  3789. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3790. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3796. China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  3797.  @TakeThis-z7v  That Chinese swimmer scandal in 2021 turns out it was self reporting the Chinese But continue to be brainwashed by your MSM who you don’t trust a word they tell you unless it’s about China 👇 Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. Has China been unfairly singled out? So, has WADA succeeded in changing the narrative? Probably not. Why? Because putting the words “China” and “doping” together is a lightning rod in the current political climate given the intense rivalry between China and the US. Currently there are 23 people serving anti-doping suspensions in Australia. Do we feel personal or national shame for their wrongdoing? Every time the US team marches into an Olympic Games, or steps up onto a World Championships medal podium, do we point at them while recalling memories of the US Postal Service cycling team and the banned-for-life cyclist Lance Armstrong? But when it comes to China, many observers are quick to name and shame athletes, viewing every news story as some kind of proof the country must have a systemic, state-sanctioned doping program. The Conversation
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  3799. And this 👇 A nation of outlaws A century ago, that wasn't China -- it was us One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In theUnited States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs. Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color. Boston Globe
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  3813. Most people who talk about China have no clue about the country Most Chinese do not invest in the Stock Market because it is considered no better than a Casino They however do invest in their Real Estate 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3815. The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. In every exercise the U.S. is not engaged in an abstract push-button war from 30,000 feet up like the ones Americans have come to expect since the end of the Cold War, but a horrifically bloody one. And that’s assuming the U.S.-China war doesn’t go nuclear. Politico
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  3820.  @HellBot-gi5si  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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  3832. Introduction: Article 310 of the Convention allows States and entities to make declarations or statements regarding its application at the time of signing, ratifying or acceding to the Convention, which do not purport to exclude or modify the legal effect of the provisions of the Convention. Article 310 reads: "Article 310. Declarations and statements "Article 309 does not preclude a State, when signing, ratifying or acceding to this Convention, from making declarations or statements, however phrased or named, with a view, inter alia, to the harmonization of its laws and regulations with the provisions of this Convention, provided that such declarations or statements do not purport to exclude or to modify the legal effect of the provisions of this Convention in their application to that State." Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287. Choice of procedure "When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein." In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: "Article 298. Optional exceptions to applicability of section 2 "1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded form such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention." PLEASE NOTE: Declarations and statements with respect to the Convention and to the Agreement on Part XI made before 31 December 1996 - upon signature, ratification or accession - have been analyzed and published in "The Law of the Sea: Declarations and statements with respect to the United Nations Convention on the Law of the Sea and to the Agreement relating to the Implementation of Part XI of the United Nations Convention on the Law of the Sea", (United Nations publication, Sales No. E.97.V.3). UNCLOS
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  3837. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3839.  @nag2129  I tried the short version Here is the long version We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3851. China has a homegrown 28nm lithography machines The will get there in the meantime they can go after the legacy chip markets The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese people and Government 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 lowered prices even more, and dump even more chips on China Instead their idea was to force the hand of Chinese at the time content with cheap imported chips. Hope they could not innovate When China leads the world in 37 of the 44 critical technologies of the future 🙄 👇 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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  3855.  @lesact no you are not understanding correctly Take for example that 2016 ICJ case the Philippines brought up between themselves and China over their land and water dispute The Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. Which the tribunal did rule against The tribunal did not rule on ownership of the disputed islands or waters But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. Introduction: Article 310 of the Convention allows States and entities to make declarations or statements regarding its application at the time of signing, ratifying or acceding to the Convention, which do not purport to exclude or modify the legal effect of the provisions of the Convention. Article 310 reads: "Article 310. Declarations and statements "Article 309 does not preclude a State, when signing, ratifying or acceding to this Convention, from making declarations or statements, however phrased or named, with a view, inter alia, to the harmonization of its laws and regulations with the provisions of this Convention, provided that such declarations or statements do not purport to exclude or to modify the legal effect of the provisions of this Convention in their application to that State." UNORG
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  3856.  @lesact  Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3860. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3861. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3862. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3869. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3871. Now they have just turned us into brain wash.d dummm down westerners over them red book thumping com mies 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 👇 Imperialist media can’t stop lying about mosques in China * Firsthand report from Kashgar On a recent visit to Kashgar, Xinjiang, home to about 80% of the ethnic Uygur population, this writer had a chance to speak to residents and learn about local architecture. Many of the buildings in Kashgar are 1,000 or more years old. These old buildings, while stunningly beautiful, were not built to standards that would be considered seismically safe today in areas with a risk of earthquakes. In the past, collapses and deaths were common. * In 2020, the U.S. Mosque Survey counted 2,769 mosques in this country, compared to China’s more than 35,000 mosques. This means that Chinese Muslims have nearly three times more mosques per capita than do Muslims in the U.S. But the accusations don’t stop at alleged demolition. The Western media have also claimed that the Chinese government is carrying out a process of “Sinification” through the renovations, meaning that China is allegedly removing the Arabic aspects of mosques and replacing them with traditional Chinese architecture. Mosques built in the traditional Chinese-style architecture are presented in the Western media as “evidence” of “cultural erasure,” when in reality mosques built in Chinese style have existed as far back as around 700 C.E. There are also many Muslim populations in China that are not Arabic in origin, such as the Hui population, who were originally descended from Han Chinese and are Chinese-speaking. Because of the ancient Silk Road and the historical mixing of peoples from the Chinese coast with Arab, European and many other peoples, the blending of language, religion and architecture should not be seen as an attempt at Han hegemony, but rather as a natural blending of peoples living side-by-side in a multiethnic nation with more than 5,000 years of recorded history. WorkersWorld
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  3873. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3881.  @DaBeezKneez  The difference is this 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 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 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. 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 That QT selling ended during Q3 of 2019 Because that selling of debt ended up freezing 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. And didnt bailout foreign investors who took a risk buying those junk bonds While the USA left their real estate market to implode. Kept the money flowing to the companies and bailed out foreign investors who invested in private internal debt Yet we are complaining who is capitalist/communist 👇 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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  3884. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  3890. Ahmed the Muslim The Chinese Government cut off money flow to these Developers on 2010 That’s all the warning people needed 2 years ago was when it was mostly “Sophisticated Foreign Investors “ Who were buying these Property Developers Junk bonds 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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. 👇 China attempts to deflate its unstable property bubble China is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijing Wed 9 Mar 2011 19.24 GMT Chinese officials are blaming speculators for soaring property prices and are vowing to build 36m affordable homes over the next five years. There are already widespread concerns about China's booming property market and the threat it poses to the country's expanding economy. China would spend nearly $200bn (£123bn) on an affordable homes and social housing scheme, said deputy housing minister Qi Ji in Beijing . The pledge came a few days after premier Wen Jiabao promised to "resolutely" curb speculation to tackle excessively rapid price increases The authorities have taken various steps since spring last year to dampen the property market. These include raising interest rates, increasing the minimum downpayment required on second homes and restricting the rights of foreigners to buy property. Two Chinese cities are now imposing sales tax on property deals. While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%. The Guardian
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  3894. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
  3895. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
  3896. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3900. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  3906.  @timsailors  Apparently Musk went to China to get that Chinese FSD data stored over there by Tesla since 2021 The Chinese probably said no we can’t allow that Chinese data to go to the USA so you can type up some algorithms But we will allow you to team up with Baidu who are already way ahead of you anyways This will help you compete in China vs Chinese EV makers Right now Tesla is level 2 Autonomous Baidu is level 4 Autonomous 👇 Baidu starts offering nighttime driverless taxis December 26, 2022 Starting this week, the public can ride its robotaxis in Wuhan between 7 am and 11 pm without safety drivers behind the wheel. Previously, its unmanned vehicles could only operate from 9 am to 5 pm in the city. The updated scheme is expected to cover one million customers in certain areas of Wuhan, a city of more than 10 million people. Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radar and lidar to help its cars see better in low-visibility conditions, in contrast to Tesla’s vision-based solution. In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates. In Q3, Apollo Go, the firm’s robotaxi hailing app, completed more than 474,000 rides, up 311% year over year. Accumulatively, Apollo Go had exceeded 1.4 million orders as of Q3. TC 👇 Baidu's Apollo Go offers 821,000 rides in Q3 2023, up 73% YoY Apollo Go, Baidu's autonomous ride-hailing service, provided 821,000 rides in the third quarter of 2023, up 73% year over year. As of September 30, 2023, the cumulative rides provided to the public by Apollo Go reached 4.1 million.
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  3919. How Malaysia ended up owing $15 billion to a sultan's heirs * KUALA LUMPUR, Aug 4 (Reuters) - Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a $15 billion arbitration award in a dispute over a colonial-era land deal. In 1878, two European colonists signed a deal with the sultan for the use of his territory in present-day Malaysia – an agreement that independent Malaysia honoured until 2013, paying the monarch's descendants about $1,000 a year. Now, 144 years later after the original deal, Malaysia is on the hook for the second largest arbitration award on record for stopping the payments after a bloody incursion by supporters of Sultan Mohammed Jamalul Alam's heirs in which more than 50 people were killed. For years, Malaysia largely dismissed the claims but in July, two Luxembourg-based subsidiaries of state energy firm Petronas were served with a seizure notice to enforce the award that the heirs won in February. read more The arbitration ruling in France followed an eight-year legal effort by the heirs and $20 million in funds raised for them from unidentified third-party investors, according to interviews with main figures in the case and legal documents seen by Reuters. *Malaysia did not participate in nor recognise the arbitration - allowing the heirs to present their case without rebuttal - despite warnings that it would be dangerous to ignore the process. The claimants, including some retirees, are Filipino citizens leading middle-class lives, a far cry from their royal ancestors of the Sulu sultanate that once spanned rainforest-covered islands in the southern Philippines and parts of Borneo island. Reuters
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  3932. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  3935. Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. Has China been unfairly singled out? So, has WADA succeeded in changing the narrative? Probably not. Why? Because putting the words “China” and “doping” together is a lightning rod in the current political climate given the intense rivalry between China and the US. Currently there are 23 people serving anti-doping suspensions in Australia. Do we feel personal or national shame for their wrongdoing? Every time the US team marches into an Olympic Games, or steps up onto a World Championships medal podium, do we point at them while recalling memories of the US Postal Service cycling team and the banned-for-life cyclist Lance Armstrong? But when it comes to China, many observers are quick to name and shame athletes, viewing every news story as some kind of proof the country must have a systemic, state-sanctioned doping program. The Conversation 👇 Sports Med Open. 2024 Dec; 10: 57. Published online 2024 May 20. doi: 10.1186/s40798-024-00721-9 PMCID: PMC11102888PMID: 38763945 Doping Prevalence among U.S. Elite Athletes Subject to Drug Testing under the World Anti-Doping Code Depending on the method of calculation, 6.5–9.2% of the 1,398 respondents reported using one or more prohibited substances or methods in the 12 months prior to survey administration. Specific doping prevalence rates for each individual substance / method categories ranged from 0.1% (for both diuretics / masking agents and stem cell / gene editing) to 4.2% for in-competition use of cannabinoids. NIH 👇 Lewis: ‘Who cares I failed drug test?’ Duncan Mackay Thu 24 Apr 2003 01.51 BST Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. THEGUARDIAN
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  3936.  @SumTingWong888  Viet cong where did you hear it was hamburger meat? That was the Americans sprinters excuse and we believe it 👇 Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. Has China been unfairly singled out? So, has WADA succeeded in changing the narrative? Probably not. Why? Because putting the words “China” and “doping” together is a lightning rod in the current political climate given the intense rivalry between China and the US. Currently there are 23 people serving anti-doping suspensions in Australia. Do we feel personal or national shame for their wrongdoing? Every time the US team marches into an Olympic Games, or steps up onto a World Championships medal podium, do we point at them while recalling memories of the US Postal Service cycling team and the banned-for-life cyclist Lance Armstrong? But when it comes to China, many observers are quick to name and shame athletes, viewing every news story as some kind of proof the country must have a systemic, state-sanctioned doping program. The Conversation 👇 Sports Med Open. 2024 Dec; 10: 57. Published online 2024 May 20. doi: 10.1186/s40798-024-00721-9 PMCID: PMC11102888PMID: 38763945 Doping Prevalence among U.S. Elite Athletes Subject to Drug Testing under the World Anti-Doping Code Depending on the method of calculation, 6.5–9.2% of the 1,398 respondents reported using one or more prohibited substances or methods in the 12 months prior to survey administration. Specific doping prevalence rates for each individual substance / method categories ranged from 0.1% (for both diuretics / masking agents and stem cell / gene editing) to 4.2% for in-competition use of cannabinoids. NIH 👇 Lewis: ‘Who cares I failed drug test?’ Duncan Mackay Thu 24 Apr 2003 01.51 BST Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. THEGUARDIAN
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  3943. What most people don’t get most of “Chinese” trade is with their Belt and Road partner Countries these days. While it is mostly US Multinational Corporations making the lions share of the profits inflating those export numbers and trade deficits, based in China using their wholly owned factories and suppliers. Exporting their goods from China to the USA for Americans to buy. While these days using more and more illegal workers smuggled in from SE Asia or more and more automation in those factories in China The same US multinational corporations whose high flying stocks are in US Stock exchanges and American 401ks The same Corporations who these days derive a good part of their profits from selling their goods and services to the Chinese consumers in their domestic markets The same Corporations who got those huge Corporate tax cuts, big talking Americans cheered on Same Corporations who were the real reason Trump started a trade war for. As he was looking to get more and better access for those Corporations into those Chinese domestic markets Even though in 2018 US Multinational Corporations and their wholly owned subsidiaries generated 390 billion USD in revenues. Selling their Goods and Services to into those Chinese domestic markets. Same Multinational Corporations that Trump sacrificed the American farmer and consumer for. To try a get those better concessions from China As these Multinational Corporations passed on those added tariff cost to the American people And finally the same Multinational Corporations whose Headquarters are based in a North American Cities . Any big talker can easily go protest and picket around their front doors
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  3949. @hieveryone2003 There is now a 7 volume 27 book series on what China invented first that says the world copied from them 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 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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  3952. 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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  3953. It’s like you think people are not smart enough to fact check us both Why would you want people to believe you are a fake news Ahmet? Maybe you are just trying to troll but have close to 40 years of research compiled so why would I want to keep it all to myself and not share???? 😆 If anything it is the Americans who instead of sweeping their internal debt under the table Converted private internal debt into external Sovereign 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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  3954. 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 Huffington Post
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  3957.  @bobwoods1302  ​​⁠ We need immigrants to support the economy no one said anything about housing them if we could throw them into factory type housing without public uproar. Like we do with migrants picking our fruits and vegetables we probably would We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  3958.  @kylegallant3423  I would argue There are a lot of reasons for our overheated real estate, supply and demand is just one of the reasons But the main reason to me was decade upon decade of low interest rates. Creating cheaply borrowed money, and little other investment options other than overheated crypto /stock/real estate markets the Bank Of Canada (BOC) aggressively started to raise rates in March of 2022 which roiled the markets. That first 50 basis point hike was the first of its kind/size in 22 years…. they did 7 more hikes in 2022. Pull up a 25 year chart on the low/lowering interest rates and the inverse relationship between the high/higher home prices. ( You will see the only times our home prices didn’t go up was during the US Subprime Crisis, which crashed the world economy where the BOC lowered rates even more And once more during the mortgage stress test years where they kept rates the same but then those rates gradually came down) The irony being… these rate hikes???? wasn’t because some one at the BOC suddenly went “Oh hey let’s raise rates we have had overheated real estate for 2 decades” Common sense dictates you want to cool your overheated real estate markets you raise rates But they raised rates because of consumer staples inflation and the supply side issues that caused it (Raising rates wasn’t going to fix that inflation, it was to scare the average consumer into spending less) It was just a byproduct…. that home prices were predicted to decrease by 38% by 2024 And homeowners up for renewing their mortgages were to see a 40% increase in monthly payments by 2025 Now 5.5 million Canadians will be in financial trouble as interest rates rise This wasn’t that hard to see We all tend to forget not to long ago we had 2 1/2 channels going 24/7 on TV dedicated to non stop programming in how to buy/renovate and sell a property Around that time it was estimated 1 million Canadians would be underwater on their mortgages if interest rates went up 100 basis points The BOC jacked up rates 425 basis points from 2022 to 2023 And should have kept jacking them up as we followed the American lead But they stopped because banks started to fail in the USA Now rates are expected to go down not up…. So home prices are expected to go up again
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  3962.  @ChandanMishra-ql1bi  Sure the Americans may have lost 7 million manufacturing jobs from the height of their manufacturing days. But they gained 53 million service sector jobs 33 million of them higher paying jobs than their manufacturing jobs So with more jobs, more higher paying jobs, and added saving from imported goods did the average American Invest, save, or even throw that money under the mattress???? No they spent those added earnings, and thenborrowed to spend some more 👇 The U.S. Lost 7 Million Manufacturing Jobs--And Added 33 Million Higher-Paying Service Jobs It’s also nonsense. The truth is that America has lost some 7 million manufacturing jobs and added some 53 million jobs in services. This is just what happens with advanced economies–it’s easier to increase productivity in manufacturing than it is in services, this is the heart of Baumol’s Cost Disease. As it was easier to increase productivity in agriculture through mechanising it than it was in manufacturing. Thus, over time, the proportion of the workforce engaged in agriculture falls, so too does the proportion in manufacturing. And given that services (with a couple of small adjustments for mining, construction and utilities) is the name we give to all the rest of the economy therefore an increasing portion of the labour force ends up in services. Further, of those 53 million new jobs some 62% of them were in higher paying occupations than those “high paying good jobs” in manufacturing we lost. Yes, really, 33 million higher paying jobs came along to replace those 7 million lost. Which does, when you look at those numbers properly, seem like rather a good deal. Forbes
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  3971. China's Creative Accounting: How It Buried Its Debt and Forged Ahead with Stimulus 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. HuffingtonPost
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  3975. From an investment standpoint I might buy back in but I haven’t seen a capitulation yet From a humanitarian standpoint. I’m hoping those unsold or sold or to be built properties end up going to those rural migrants heading to the cities But my guess is they will be snapped up by the more well off Chinese unless the Government steps in and regulates who can buy or not… As for SE Asia? In the late 80s early 90s during the Dot Com boom the investment firm i was working out me China to look for investments Opportunities as we felt DotCom was a bubble In the process of this research I stumbled upon the fact that Chinese people and their companies were already moving into SE Asia and countries like Vietnam . Which I warned about the rise of CCP China but no one believed me. They believed the China is about to “crash” folks… nothing to worry about. Let’s bury our head in the sand make up some fake info about a strategic competitor What most people don’t get these days is the companies sending goods from China to the USA are mostly American multinationals. Whose wholly owned factories were using more and more illegal workers from South East Asia or more and more automation in those factories in China. While the Chinese these days are trading more and more with their belt and road country partners 👇 Ethnic Chinese dominate PH economy by Solita Collas - Monsod on Jun 25, 2012 ruly, a picture is worth a thousand words. The pictures of the top 15 Filipino billionaires (in US dollars, mind you) in Friday’s issue of the Inquirer brought home with crystal clarity the domination of the Philippine economy by ethnic Chinese. This is, of course, not a unique situation, as it seems to be the case in all of Southeast Asia Philippine inquirer
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  3980. Ethnic Chinese/overseas Chinese were the biggest FDI investors into China during its 30 years of double digit growth. And serve as bridge these days for China FDI into ASEAN countries Does it matter? Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  3993. Except it was the USA who thought it was a good idea to cut off chip and chip making equipment to China Thinking the Chinese could not innovative when the Chinese lead the world in 37 out of 44 critical technologies of the future Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  3999. Chinese had virtually no chip making ability/foundries 6 years ago Now they are going after legacy chip markets 👇 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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  4009.  @SherwinChow-cg3nw  The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese Government trying to get their people to use homegrown chips 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 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 China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year 👇 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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  4017. This Week at War: An Arms Race America Can’t Win The United States has no chance in ship-for-ship showdown with China. Luckily, it shouldn't have to have one. Of course, counting ships does not tell the whole story. Even more critical are the missions assigned to these ships and the conditions under which they will fight. In a hypothetical conflict between the United States and China for control of the South and East China Seas, the continental power would enjoy substantial structural advantages over U.S. forces. China, for instance, would be able to use its land-based air power, located at many dispersed and hardened bases, against naval targets. The ONI forecasts China’s inventory of maritime strike aircraft rising from 145 in 2009 to 348 by 2020. U.S. land-based air power in the Western Pacific operates from just a few bases, which are vulnerable to missile attack from China (the Cold War-era Intermediate Nuclear Forces Treaty prevents the United States from developing theater-based surface-to-surface missiles with ranges sufficient to put Chinese bases at risk). A comparison of ship counts similarly does not include China’s and-based anti-ship cruise missiles, fired from mobile truck launchers. Nor does it account for China’s fleet of coastal patrol boats, also armed with anti-ship cruise missiles. The Air-Sea Battle concept began as an effort to improve staff coordination and planning between the Navy and the Air Force in an effort to address the structural disadvantages these forces would have when going up against a well-armed continental power like China. The concept is about creating operational synergies between the services. An example of this synergy occurred in last year’s campaign against Libya,when U.S. Navy cruise missiles destroyed Libya’s air defense system, clearing the way for the U.S. Air Force to operate freely over the country. But Air-Sea Battle still faces enormous challenges in overcoming the"home court" advantage a continental power enjoys deploying its missile forces from hidden, dispersed, and hardened sites. In addition, the United States faces a steep "marginal cost" problem with an opponent like China; additional defenses for U.S. ships are more expensive than additional Chinese missiles. And China can acquire hundreds or even thousands of missiles for the cost of one major U.S. warship. FP
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  4020. The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of servicemembers, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. In every exercise the U.S. is not engaged in an abstract push-button war from 30,000 feet up like the ones Americans have come to expect since the end of the Cold War, but a horrifically bloody one. And that’s assuming the U.S.-China war doesn’t go nuclear. Politico
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  4021. Can Anyone Talk to China Anymore? Probably Not Why would China so brazenly challenge the world’s economic powers like this? Because the country’s leaders know what our leaders are only beginning to understand — that China would probably win a global trade war. In March 2009, the Pentagon for the first time held a series of economic war games exercises. The soldiers were Wall Street traders and executives, economists and academics. The weapons were stocks, bonds and currencies. The participants were divided into teams: the U.S., China, Russia, Japan, the European Union and so on. Then the teams were presented with different scenarios — North Korea is imploding, a major global economy is melting down — and told to do what was in their best interests. Our intelligence experts watched as the economic conflicts played out. What the exercises showed was that the U.S. consistently lost to China in economic warfare. Part of the reason was that the U.S. could be easily distracted by expensive side conflicts that sapped our economic strength. But the more important reason was that China could inflict real pain on the U.S. without feeling it at home. For instance, by simply moving the maturities of some of its $850 billion in Treasury holdings from 90 days to 60 days, it could cause chaos in the U.S. stock markets. Or China could sell just a trickle of its U.S. financial assets and signal that it didn’t have confidence in the U.S. economy, setting off a panic here. The overall lesson from the exercise was that, for all of our saber-rattling, in our weakened economic state we have to be careful about poking this dragon. And what’s more, everyone involved knows it. HuffingtonPost
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  4023. What most people don’t get? Is it is 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 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 into the 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? They 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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  4032.  @DanielK1213th  nice speech 👇 The US crackdown on Chinese economic espionage is a mess. We have the data to show it. The US government’s China Initiative sought to protect national security. In the most comprehensive analysis of cases to date, MIT Technology Review reveals how far it has strayed from its goals. The effect of all these cases on Chinese, Chinese American, and scientific communities has been profound. A member survey of more than 3,200 physicists carried out in September by the American Physical Society found that more than 43% of foreign early-career researchers now consider the United States to be unwelcoming for international students and scholars. Less than 25% believe that the US federal government does a good job of balancing national security concerns with the research requirements for open science. Another survey of nearly 2,000 scientists at 83 research institutions carried out by the University of Arizona with the Committee of 100, an advocacy group that focuses on US-China issues, found that 51% of scientists of Chinese descent, including US citizens and noncitizens, feel considerable fear, anxiety, or both, about being surveilled by the US government. This compares to just 12% of non-Chinese scientists. Some respondents in the University of Arizona study indicated that this climate of fear has affected how—or what—they choose to research. One said they were limiting their work to only use data that is publicly available rather than collecting their own original data; one indicated that they would no longer host visitors from China; another said they would focus on what they call “safer” topics rather than “cutting edge” research. The effects of the initiative stretch even further. No one knows the exact number of scientists who have returned to China as a result of investigations or charges, but in late 2020, John Demers, then the assistant attorney general for national security, said that “more than 1,000 PLA-affiliated Chinese researchers left the country.” An additional group of 1,000 Chinese students and researchers had their visas revoked that September due to security concerns. How their security risks or affiliations with the People’s Liberation Army of China were determined, however, has not been explained. Randy Katz, a computer science professor at UC Berkeley who served as the university’s vice chancellor for research until earlier this year, says the initiative will have a grave impact on US innovation. “I am most concerned about how the initiative will deny the USA access to the world’s best science and technology talent,” he said in an email. “Recently, as [many] as 40% of our international graduate students were from China. These students are heavily represented in the STEM fields, are highly competitively selected…and represent a critical component of our research workforce. We want them to come and we want them to stay and innovate in the USA.” MIT Technology Review
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  4033. @TeeHee-vo1bn 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 - 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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  4035. @TeeHee-vo1bn 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 - 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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  4036.  @noivongxoang235  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 - 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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  4037.  @nebwachamp  ​​⁠dude you are watching too many videos from a white separatist South African who went to China of all places to find a wife Then became a unwelcome person in China Go back and watch those videos Even in his videos you can clearly see license plates on the vehicles. If you know anything about China!?? China in its bigger cities will have a lottery for License plates. To try and cap how many vehicles they have on the street Don’t win that lottery you don’t get a license plate you don’t get a car Those license plates on those cars would have been worth more than the car itself That’s IF they were not for commercial use like a taxi service or ride hailing app Which there are over 200 taxi/ride hailing companies in China Too many to survive long term 👇 Inside China’s EV Graveyard: Journalist Debunks Allegations Against Carmakers Auto journalist Mark Rainford’s visit to the graveyard in Hangzhou reveals how hundreds of EVs were abandoned. Recently, a YouTuber alleged that Chinese carmakers were overproducing electric cars to obtain government subsidies and beef up sales figures. Shanghai-based auto expert Mark Rainford has quashed these allegations after visiting the so-called Chinese EV graveyard. The cars aren’t new, as they have aftermarket seat covers, floor mats, and junk lying in the storage spaces, as per Rainford. The previous video showcased untouched plastic seat covers, so some EVs might have been new when they were driven to these fields. Moreover, an EV called BAIC BJEV EC3 accounts for the majority of the units seen on the field. It's a small electric hatchback primarily used for ride-sharing purposes insideevs
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  4038. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines (off the shores of Malaysian land) if we are arguing strictly “proximity” Malaysia wins in their dispute with the Philippines Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in 1971 on those disputed islands and waters Where China makes a 200 BCE “historical claim” that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth themselves 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  4042. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4054.  serriajohn  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 👇 What is the volume of Chinese loans in Africa? The Chinese press agency Xinhua gives lower figures on the extent of Chinese loans: “A report published last July by the British NGO Debt Justice showed that 12 percent of the external debt of African countries is owed to Chinese lenders, compared to 35 percent to Western private lenders. The average interest rate of these private loans is 5 percent, compared with 2.7 percent for loans from Chinese public and private lenders.” Source: Xinhua, Key Facts U.S. Deliberately Ignores about African Debt, 7/02/2023. Cadmium
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  4067. What most people don’t get? Is it is 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 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 into the 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? They 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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  4069. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These multinationals are still using the same highly polluting labour intensive formula. Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets 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 option and boot these companies you might ask? They 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 hey we’re 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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  4073.  @HgHg-yp6ft  JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  4083. He is saying cut off from money flow from the Central Government for 14 years in 2010 folks started using Shadow Banks really just Rich Chinese investors Giving loans to these Developers The Central Government came into shutdown or regulate Then these Developers started flogging Wealth Management investment vehicles to the rich Chinese Which the Government came into shutdown and regulate But then these Developers started to sell their Junk Bonds to “Sophisticated Foreign Investors” Where this really started to take off these last few years The General consensus was the Chinese Government would backstop these Companies I had a few reach out for my opinion since they know I started researching China for investment in the late 80s My reply was “Not when the Central Government was cutting off money flow to these developers for over a decade 👇 As the Pace of China’s Junk Bond Sales Grows, So Do Worries BY NEIL GOUGH MARCH 28, 2013 2:53 PM The junk bond market in China took off this year. Although the deals still account for a small share of the global total, Chinese companies have sold $8 billion of high-yield bonds to overseas investors since January. That’s up from $2.3 billion during the same period a year earlier, according to figures from Dealogic. “Bond markets are booming because companies have had difficulty getting the level of debt they want out of banks onshore or offshore, and in tapping equity markets,” said Nick Gronow, a senior managing director at FTI Consulting in Hong Kong and an expert in Chinese bankruptcies. “So bonds have really taken up the slack.” NYT
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  4098. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones like you to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society like you lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  4100. Btw same can be said about your Filipino claims to Sabah which is a historical claim Vs their obvious proximity claim Like I said you Filipinos are the ones who initiated that 2016 ICJ tribunal dismissing historical claim over your proximity claim As you bully Malaysia over a historical claim 👇 The two main sultanates in the region at the time were Sulu and Brunei. In 1658, the Sultan of Brunei gave Sabah to the Sultan of Sulu - either as a dowry or because troops from Sulu had helped him quell a rebellion. More than 350 years later, the sultan's heirs have come to remind Malaysians that they still consider Sabah to be part of Sulu and, by extension, part of the Philippines. "Sabah is our home," they said simply when asked why they had come. But history is not that simple and of course Malaysia has no intention of giving up Sabah to this little band of Filipinos. The crux of their disagreement lies in a contract made in 1878, between the Sultanate of Sulu and the British North Borneo Company. Under this contract known as pajak, the company could occupy Sabah in perpetuity as long as it paid a regular sum of money. Even today, Malaysia pays about 5,000 Malaysian ringgit (£1,000, $1,500) a year to the Sultanate of Sulu. But the British and, after that an independent Malaysia, interpreted pajak to mean sale, while the Sulu Sultanate has always maintained it means lease. "In my opinion, this is more consistent with a lease rather than a sale, because you can't have a purchase price which is not fixed and which is payable until kingdom come," said Harry Roque, a law professor at the University of the Philippines. BBC
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  4101. Philippines under UNCLOS had every right to request a tribunal as a resolution But China under UNCLOS had every right not to accept the tribunal as a resolution No one other than Taiwan accepts that 9 dash line claim. Which the tribunal did rule against The tribunal did not rule on ownership of the disputed islands or waters But what the tribunal did state was ... No one exhibited continuous control over the islands, reefs, water in dispute That means all the other countries who also have their land and water disputes including China and the Philippines Have dug into the land and water they control. And are basically saying talk to us in few hundred years 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  4106. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These multinationals are still using the same highly polluting labour intensive formula. Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets 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 option and boot these companies you might ask? They 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 hey we’re 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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  4113. Mao? Really? Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservatives minded folks back then, were pushing for Globalization and Free Trade As we followed our best buddy the USA lead Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them some people are just acting like the suddenly whoa oak snow fla akes they dis like so much 👇 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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  4120. President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found. Mr. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. Trump, provided almost no financial help. But The Times’s investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this day. Much of this money came to Mr. Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records indicate that Mr. Trump helped his father take improper tax deductions worth millions more. He also helped formulate a strategy to undervalue his parents’ real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing the tax bill when those properties were transferred to him and his siblings. These maneuvers met with little resistance from the Internal Revenue Service, The Times found. The president’s parents, Fred and Mary Trump, transferred well over $1 billion in wealth to their children, which could have produced a tax bill of at least $550 million under the 55 percent tax rate then imposed on gifts and inheritances. The Trumps paid a total of $52.2 million, or about 5 percent, tax records show. NYT
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  4121. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4126. There is now a 27 book series that says we copied from the Chinese 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  4128. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines off the shores of Malaysian land) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in the 1970s on those disputed islands and waters Where China makes a 200 ce historical claim that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  4147. China is going to complain just like the USA did when China did it to companies like Google What else do you expect these countries to do? This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. As they were using more and more illegal labour 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 into the 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? They 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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  4165. 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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  4170. What most people don’t get? Is it is 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 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 into the 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? They 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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  4175. China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways And yes….they already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  4180. Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. Has China been unfairly singled out? So, has WADA succeeded in changing the narrative? Probably not. Why? Because putting the words “China” and “doping” together is a lightning rod in the current political climate given the intense rivalry between China and the US. Currently there are 23 people serving anti-doping suspensions in Australia. Do we feel personal or national shame for their wrongdoing? Every time the US team marches into an Olympic Games, or steps up onto a World Championships medal podium, do we point at them while recalling memories of the US Postal Service cycling team and the banned-for-life cyclist Lance Armstrong? But when it comes to China, many observers are quick to name and shame athletes, viewing every news story as some kind of proof the country must have a systemic, state-sanctioned doping program. The Conversation 👇 Sports Med Open. 2024 Dec; 10: 57. Published online 2024 May 20. doi: 10.1186/s40798-024-00721-9 PMCID: PMC11102888PMID: 38763945 Doping Prevalence among U.S. Elite Athletes Subject to Drug Testing under the World Anti-Doping Code Depending on the method of calculation, 6.5–9.2% of the 1,398 respondents reported using one or more prohibited substances or methods in the 12 months prior to survey administration. Specific doping prevalence rates for each individual substance / method categories ranged from 0.1% (for both diuretics / masking agents and stem cell / gene editing) to 4.2% for in-competition use of cannabinoids. NIH 👇 Lewis: ‘Who cares I failed drug test?’ Duncan Mackay Thu 24 Apr 2003 01.51 BST Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. Carl Lewis has broken his silence on allegations that he was the beneficiary of a drugs cover-up, admitting he had tested positive for banned substances but claiming he was just one of "hundreds" of American athletes who were allowed to escape bans. "There were hundreds of people getting off," he said. "Everyone was treated the same." Lewis has now acknowledged that he failed three tests during the 1988 US Olympic trials, which under international rules at the time should have prevented him from competing in the Seoul games two months later. THEGUARDIAN
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  4187. This is the dispute between the Philippines and China 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  4204. 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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  4206. China is going to complain just like the USA did when China did it to companies like Google What else do you expect these countries to do? This is where you Americans make your stand teens shaking their a zzzzz to the W app dance on TikTok ????? You want a real threat: here is just 1 example What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies 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 formula. As they were using more and more illegal labour 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 into the 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? They 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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  4212. Where you getting that Chinese demand is still strong But they are trying to kill world competition but each other for now That’s because even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still has a 820 billion plus dollar a year trade surplus with the world the last 2 years 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 But with no other viable investment options left these days Their Government is actually pushing their people to invest in technology/industries instead Where China already leads the world in 37 of the 44 critical technologies of the future already As they pile even more money into these 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 Btw that’s how innovation and competition works over 90% of inventions never get used and over 90% of businesses fail 👇 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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  4214. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  4216.  @kyungshim6483  the laundering that is f flowing into Canada is in line with money flows into any country at 5% to 7% Where you are just taking away from the fact 95% to 93% of the money flowing into Canada comes here legally Plus our Courts have ruled our Canadian banks don’t have to follow Chinese laws as long as we are not breaking ours 👇 Judges: CIBC bank supports clients who break China’s cash-export laws, to buy Vancouver homes Canadian banks are not obliged to follow China’s rules, and nor are they obliged to report clients whom they know to have broken them – so long as they are not breaking any Canadian rules in the process. How far, then, will a financial institution go to satisfy the flood of Chinese millionaires looking to find new Canadian homes for their family and their funds? SCMP 👇 Canadian banks helping clients bend rules to move money out of China It is illegal for Chinese citizens to remove more than $50,000 (U.S.) a year from China without government permission, partly to stop corrupt millionaires from fleeing with their money. But a review of B.C. court cases by The Globe found they have worked around this restriction by sending millions of dollars into Vancouver-area banks through multiple wire transactions of smaller amounts by family and friends. TheGlobeMail 👇 Judges: CIBC bank supports clients who break China’s cash-export laws, to buy Vancouver homes Canadian banks are not obliged to follow China’s rules, and nor are they obliged to report clients whom they know to have broken them – so long as they are not breaking any Canadian rules in the process. According to both the original judgment and the appeal ruling, it was the practice of CIBC to support clients dodging China’s US$50,000 export limit. This was done by the client arranging for multiple individuals to make wire transfers of up to US$50,000 on their behalf, with the funds eventually reunited in Canada. SCMP
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  4219.  @Davido50  keep thinking that …. 10 years ago the Chinese were not even in the conversation for cars And that is not as difficult as forcing the Chinese to make their own equipment to make semiconductor chips 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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  4220.  @maninscrubdallas8694  Actually…. China moves in money, assets and even State owned enterprises into its Central Government run pension plan 👇 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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  4231. The Chinese Treasure Fleet in 15th century Philippines - Carmen Guerrero-Nakpil - May 19, 2008 * It was the people of our archipelago who discovered Magellan and the Europeans in 1521, not the other way around, as most Filipinos were taught by our grade-school textbooks. Our islands and their inhabitants were well-known to a larger, richer world that of Chinese emperors and scholars and Arab traders, as early as the 9th, even 6th centuries. And certainly by 1000 A.D., our shores were regular ports of call in the trade with China, then the most powerful nation on earth. Chinese chronicles, European archaeologists and the diggings in our pre-colonial burial grounds prove that those ancient Filipinos used fine porcelain, weights and measures imported from China, and recorded written contracts. Chao-Ju-Kua reported that Chinese traders visited Ma-I (Luzon) regularly, leaving silks, porcelain and metal utensils on the beaches of designated islands, and returning weeks later to collect payment in the form of beeswax, gold dust, carabao horn, ginger, cinnamon or garlic. It was an import-export system run on a reliable honor system with unquestioned good faith. (Tell that to our Bureau of Customs.) “Filipinos had long been literate when Magellan came.” writes Harvard historian Laurence Bergreen, one of the sources of this article. * When Magellan’s Spanish Armada hove into view in March 1521, the natives of Homonhon in the Visayas must have taken pity on the small black ships with tattered sails and scruffy, starving, disoriented sailors, for they sent a small rowboat packed with rice, coconuts and bananas to their rescue. On the next island, the white, bearded strangers were feted in a bamboo palace with a banquet of roast fish, pork, turtle eggs and palm wine, by a native king whose queen wore a black-and-white gown, red lips and nails, while a quartet of young, topless damsels played music on various gongs and drums. Those early Filipinos had been more accustomed to the tall, prosperous, Chinese ships with a trio of feathery sails stiffened with battens, for the China trade had been in place for at least 500 years. During the Ming Dynasty, Filipinos enjoyed the visits of the Treasure Fleet (1405-1500) of Admiral Cheng Ho (Zhen He) a huge, 7-ft tall, powerful eunuch, who had built 1,500 massive, 500-ft ships in a giant shipyard in Nanking with the help of 30,000 workers. The luxurious ships, each manned by 1,000 sailors ruled the South Pacific and the Indian Ocean. * But the Chinese were not interested in conquest or territorial aggrandizement. Their purposes were trade and diplomacy. That was what our ancestors expected when they first saw the Spanish Armada. Filipinos had never seen white men before Magellan and never thought the strangers would be as rapacious and predatory as they would prove to be. They assumed the new foreigners to be poor and needy because they had only glass beads, a string of little bells and a red cap (Magellan’s gifts) to reciprocate the native prodigality. The white men were, in fact, so dazzled by the earrings, chains, armlets and anklets, of pure gold, worn by both the native men and women that Magellan had to warn them against showing their covetousness. Philstar
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  4236. Chinese Government has banned TicTok in China themselves and are wary about these Social Media Sites With that said this is really about China and US relations More accurately the US/China trade war Where the real goal isn’t trade deficits It’s to get more or better access for US multinationals into Chinese Domestic markets What most people don’t get? Is it is 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 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 into the 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? They 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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  4248.  @palirvin1871  who says these homes have to have people in them? But there is an easy fix with the Chinese Government crackdown on real estate m/speculation even after 14 year warning??? The people who are owed homes by these developers can take a higher end home And the few hundred million rural folks still expected to move to the cities Can buy these homes built by Developers at a discounted price 👇 Do China’s ghost cities offer a solution to Europe’s migrant crisis? Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space — enough to completely cover Madrid — these places are not the urban wastelands they are often posited to be. While many of China’s new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. So why would anyone spend incredible amounts of cash on houses they do not intent to use? All over the world, the value of property extends beyond the utilitarian function of being a place to live. Real estate is also a vital economic entity that presents an avenue for investment as well as a way of storing wealth — a use of property that is taken to the extreme in China. “Many Chinese investors are buying property based on expectations of appreciation, and that it is a solid, safe investment that they can easily understand,” said Mark Tanner, the founding director of China Skinny, a Shanghai based marketing research firm. A full 39 percent of individual wealth in China is kept in housing, and, according to Nomura, 21 percentof China’s urban households possess more than one home. The reasons for this desire to invest in housing often results from a lack of better options. China’s banks pay negative interest and are becoming even more unattractive with the recent wave of currency devaluation. Wealth management products are not fully developed and are highly regulated by the government, and the stock market is viewed to be about as secure as a casino. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not an financial drain on their owners. Reuters
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  4249.  @palirvin1871  The real problem these last few years Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 Btw growing up in the construction industry then you should know A Property Developer who gets an influx of cash…what do you do??? You do what you do best…. you build 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  4250.  @palirvin1871  Anyways with their engineered slowdown (or else70% of the people in their city real estate markets would be buying their 3rd 4th or 5th homes right about now…. as a few hundred million rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead … what difference does owning 4 homes instead of 5 make 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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  4251.  @palirvin1871  Do China's ghost cities offer a solution to Europe's migrant crisis? Even though there are between 20 and 45 million unoccupied homes across China, which account for roughly 600 million square meters of uninhabited floor space - enough to completely cover Madrid - these places are not the urban wastelands they are often posited to be. While many of China's new cities and urban districts are deficient in people they are not deficient in owners. Nearly every apartment that goes on the market in China is quickly purchased, often at exorbitant prices that commonly range into the hundreds of thousands of dollars. Far from being unwanted infrastructure that could seamlessly be doled out to refugees, those arrays of vacant high-rises are actually the proud possessions of people who paid a lot of money for them. A huge portion of the homes that are purchased in China function very much like stocks or a trade-able commodity. As an incredible number of new apartments are sold as unfinished concrete cavities without any interior fit out or even windows, they are in no way immediately livable. Strange as it may seem, they are very actively bought and sold in this bare-bones form. In fact, investors often prefer them that way. In many ways they are purely economic entities, quantifiable placeholders of value that are traded on the open market akin to precious metals. Just as one doesn't need to mold a piece of gold into something usable, like a piece of jewelry, for it to have value and an economic function, an apartment in China doesn't need to have people living in it for it to be economically viable. "Empty units leave flexibility for quick sales in a changing market or need to cash in quickly," said Barry Wilson, the founding director of Barry Wilson Project Initiatives, a Hong Kong-based urban design firm. Another reason for the sheer number of unused apartments in China is the fact that there is often little financial incentive for owners to do anything with them after purchase. There is no yearly property tax in China, so vacant properties are not a financial drain on their owners. While the potential returns that could be had from renting them out (1 percent or so) is often not worth the hassle - especially because it costs tens of thousands of dollars to construct the interiors of new apartments in preparation for tenants. This is combined with the fact that Chinese homeowners, especially investors who have multiple properties, are remarkably un-leveraged. According to Mark Tanner, over 80 percent of homes in China are owned outright. This means that most homeowners, especially the big investors with multiple properties, generally don't have any mortgages to pay off or any other leans, so there isn't as much financial pressure to make a profit from these homes in the short term. Reuters
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  4255.  @mikewallace8087  All these suddenly woah oak snow fl ache Americans and these days ​​⁠ ​​⁠Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservatives minded folks back then, were pushing for Globalization and Free Trade Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing suddenly woah oak snow fl ache indignation on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them 👇 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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  4270. A nation of outlaws A century ago, that wasn't China -- it was us One hundred and fifty years ago, even America's closest trade partners were despairing about our cheating ways. Charles Dickens, who visited in 1842, was, like many Britons, stunned by the economic ambition of our nation's inhabitants, and appalled by what they would do for the sake of profit. When he first stepped off the boat in Boston, he found the city's bookstores rife with pirated copies of his novels, along with those of his countrymen. Dickens would later deliver lectures decrying the practice, and wrote home in outrage: "my blood so boiled as I thought of the monstrous injustice." In the United States of the early 19th century, capitalism as we know it today was still very much in its infancy. Most people still lived on small farms, and despite the persistent myth that America was the land of laissez-faire, there were plenty of laws on the books aimed at keeping tight reins on the market economy. But as commerce became more complex, and stretched over greater distances, this patchwork system of local and state-level regulations was gradually overwhelmed by a new generation of wheeler-dealer entrepreneurs. Taking a page from the British, who had pioneered many ingenious methods of adulteration a generation or two earlier, American manufacturers, distributors, and vendors of food began tampering with their products en masse -- bulking out supplies with cheap filler, using dangerous additives to mask spoilage or to give foodstuffs a more appealing color. Boston Globe
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  4272. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  4275. China was purposely trying to slowdown its economy 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4280.  @velelimaka9040  America and it’s NATO lackeys both Russia and Ukraine receive dual use exported goods from China we know this because the Ukrainians started to use Chinese made retail toy store drones over US made military grade drones 😂😂😂 👇 Ukraine and Israel buying Chinese civilian drones for combat use; shun U.S military drones Kevin Walmsley YouTube 👇 How American Drones Failed to Turn the Tide in Ukraine Drones from American startups have been deemed glitchy and expensive, prompting Ukraine to turn to alternatives from China Updated April 10, 2024 at 4:56 pm ET The Silicon Valley company Skydio sent hundreds of its best drones to Ukraine to help fight the Russians. Things didn’t go well. WSJ 👇 Chinese UAVs ‘Outperform’ US Drones In Ukraine War; WSJ Report Calls US-Made UAVs Fragile & Ineffective April 10, 2024 According to WSJ, most small unmanned aerial vehicles (UAVs) developed by American firms have struggled to perform in combat scenarios. This development blows the hopes of these companies, who anticipated that combat testing would bolster sales and attention for their products. Moreover, it poses challenges for the Pentagon, which requires a reliable supply of thousands of small drones for various purposes. Sources cited in the report, including drone company executives, Ukrainian frontline personnel, government officials, and former US military officials, outline several key issues plaguing US-made drones. These include exorbitant costs, technical faults, and complex repair processes. In particular, Ukrainian officials have found US-made drones to be fragile and ineffective against Russian jamming and GPS blackout technology. Instances have been reported where these drones failed to take off, complete missions, or return safely. Moreover, they often fall short of advertised flight distances and payload capacities. Eurasiatimesnews 👇 American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones Chris Panella Apr 10, 2024, 3:44 PM ET American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. * The problems with many US-made drones, particularly some of the smaller ones, are that they often don't function as advertised or planned and easily glitch when targeted by Russian jamming, sources told The Wall Street Journal. They are fragile and vulnerable to electronic warfare. For some of the systems that were sent to Ukraine, issues included not taking off, getting lost and not returning home, or simply failing to meet mission expectations. * US drones are also typically far more expensive than comparable models. And at the rate Ukraine is burning through them, it wouldn't be feasible. Instead, Ukraine is turning to systems made by Chinese companies for cheaper and often more reliable alternatives. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Ukrainian forces sometimes strap bombs directly on them for a makeshift one-way attack drone or use them to drop grenades. BI 👇 China's trade turnover with Ukraine rises by 46.6% to $1.5 bln in January-February 18 March 2024 23:30 (UTC+04:00) AzerNews
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  4286. Immigration isn’t the main problem I would argue There are a lot of reasons for our overheated real estate, immigration is one of the reasons But the main reason to me was decade upon decade of low interest rates. Creating cheaply borrowed money, and little other investment options other than overheated crypto /stock/real estate markets the Bank Of Canada (BOC) aggressively started to raise rates in March of 2022 which roiled the markets. That first 50 basis point hike was the first of its kind/size in 22 years they did 7 more hikes in 2022 The irony being… these rate hikes???? wasn’t because some one at the BOC suddenly went “Oh hey let’s raise rates we have had overheated real estate for 2 decades” Common sense dictates you want to cool your overheated real estate markets you raise rates But they raised rates because of consumer staples inflation and the supply side issues that caused it (Raising rates wasn’t going to fix that inflation, it was to scare the average consumer into spending less) It was just a byproduct…. that home prices are predicted to decrease by 38% by 2024 And homeowners up for renewing their mortgages will see a 40% increase in monthly payments by 2025 Now 5.5 million Canadians will be in financial trouble as interest rates rise This wasn’t that hard to see We all tend to forget not to long ago we had 2 1/2 channels going 24/7 on TV dedicated to non stop programming in how to buy/renovate and sell a property Around that time it was estimated 1 million Canadians would be underwater on their mortgages if interest rates went up 100 basis points The BOC jacked up rates 425 basis points from 2022 to 2023 And should have kept jacking them up as we followed the American lead But they stopped because banks started to fail in the USA Now rates are expected to go down not up…. So home prices are expected to go up again
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  4304.  @nebwachamp dude you are watching too many videos from a white separatist South African who went to China of all places to find a wife Then became a unwelcome person in China Go back and watch those videos Even in his videos you can clearly see license plates on the vehicles. If you know anything about China!?? China in its bigger cities will have a lottery for License plates. To try and cap how many vehicles they have on the street Don’t win that lottery you don’t get a license plate you don’t get a car Those license plates on those cars would have been worth more than the car itself That’s IF they were not for commercial use like a taxi service or ride hailing app Which there are over 200 taxi/ride hailing companies in China Too many to survive long term 👇 Inside China’s EV Graveyard: Journalist Debunks Allegations Against Carmakers Auto journalist Mark Rainford’s visit to the graveyard in Hangzhou reveals how hundreds of EVs were abandoned. Recently, a YouTuber alleged that Chinese carmakers were overproducing electric cars to obtain government subsidies and beef up sales figures. Shanghai-based auto expert Mark Rainford has quashed these allegations after visiting the so-called Chinese EV graveyard. The cars aren’t new, as they have aftermarket seat covers, floor mats, and junk lying in the storage spaces, as per Rainford. The previous video showcased untouched plastic seat covers, so some EVs might have been new when they were driven to these fields. Moreover, an EV called BAIC BJEV EC3 accounts for the majority of the units seen on the field. It's a small electric hatchback primarily used for ride-sharing purposes insideevs
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  4313. Like I said the people really getting hurt these days are the “Sophisticated Foreign Investors” The well off Chinese investors investing in those wealth management vehicles will get a portion.of their money back Only a naive person who takes a risk with their money and expects their Government to cover those losses But that’s what their Government will do unlike where the USA would make those Foreign Investors whole … which we saw them do with Fannie Mae and Freddie Mac debt much of that private internal debt held by foreigners in 2010 cut off from money Property Developers started using Shadow Banks really just well off Chinese investors Giving loans to these Developers The Central Government came into shutdown and regulate Then these Developers started selling Wealth Management investment vehicles to the well off Chinese Which the Government came into shutdown and regulate But then these Developers started to flog their Junk Bonds to “Sophisticated Foreign Investors” Where these Junk bonds really started to take off in popularity these last few years (Btw Property Developer gets a cash infusion what do you think they did with that cash???) The General consensus was the Chinese Government would backstop these Property Developers Companies/Junk Bonds I had a few reach out for my opinion since they know I started researching China as an investment option in the late 80s during my investment banking days My reply was “Not when the Central Government was cutting off money flow to these developers for over a decade They didnt listen 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  4314. Chinese ain’t covering the Property Developers Junk Bonds unlike the USA taking internal Agency debt not backed by the US Government, and Turning it into external Sovereign Debt . Backed by the US Government and the US People 👇 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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  4316.  @gregparrott  even if those numbers were to be believed The Chinese people are adding 2.6 trillion a year to their wealth the solution should be simple in China the last few years property developers went on a building spree in higher end homes So the people they owe homes to. Can be given one of those higher end homes (although the home might not be in a city/province they like… but beats getting nothing back… on a risk they willingly took) The remaining homes can be sold at a discount to the few hundred million rural migrants still expected to move to the cities And the wealthy Chinese/sophisticated foreign investors who took the biggest hit these last few years (You invest more money into overheated market with Property Developers? They naturally do what they do best they build even more) Well they get back a few more pennies on their investment Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  4322.  @kenyup7936  Hong Kongers crying for their freedoms are just naive babies I live in a democracy where they let career criminals with a 50 offence Rap sheet out the net day on bail after committing yet another crime Gaaaaawd forbid you do anything to the criminal trying to stop them We even have law enforcement tell us to put our car keys by the front door so when a criminal breaks in they won’t confront you for those car keys These naive Hong Kongers think life is better in democratic countries then they can always a leave They are already going to China to shop and eat these days in droves O wait 👇 BN(O) visa immigrants: Study reveals 50% unemployment rate among Hong Kongers under 65 in the U.K., 99% have no plans to return * 22nd November 2023 – (London) A recent study conducted by the “Welcoming Committee for Hong Kongers” organisation, which assists Hong Kongers who have immigrated to the U.K. through the BN(O) Visa, has shed light on the employment situation of these individuals. The study surveyed over 2,000 Hong Kong immigrants and found that only 50% of those under the age of 65 were able to secure employment, indicating a significant unemployment rate among this group. The study also highlighted the educational background of BN(O) Hong Kongers in the U.K. It revealed that 36% of the surveyed individuals held a master’s or doctoral degree, while 23% had a postgraduate degree. These figures indicate that BN(O) Hong Kongers in the U.K are nearly twice as well-educated as the average UK population. * However, despite their educational qualifications, many BN(O) Hong Kongers are facing difficulties in securing employment that matches their skills and experience. Among those surveyed who were employed, 47% felt that their job did not align with their qualifications, and 20% felt that their workload was excessive. DimSumDaily
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  4346. You can live in those houses Plus id advise you to see how much of these companies in your 401k/Pension get revenue from those Chinese domestic markets 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4355. Working for an investment banking wing of a National Bank here in Canada I was tasked with researching investment opportunities in China. 36 years ago as we felt DotCom was becoming a bubble. It was my job to know everything and anything about the country that would affect our Investments. Right down to going there to live for a spell. This allowed us to profit greatly and myself to retire at the age of 32 I just never stopped researching China Like I said I personally dumped out of my Chinese investments by 2011 after it became clear even before 2010 their Central Government was going to start cutting off money flow to the Real Estate Markets. So people had atleast 14 years warning they were investing in a bubble As for my rantings you wouldn’t believe the amount of information I have compiled. Why should I keep it to myself? Especially with people who are talking about China getting their information only from MSM. Who btw are the same type of people who would never trust a word MSM tells them unless it’s about China In fact I warned about Communist China back in the 80s anyone talking about China within the confines of their borders was clueless How their people and Companies were already going out to areas like SE Asia, countries like Vietnam in the 80s Where the Chinese dominated their economies. And these Countries were dependent on the Chinese economy where recently our western companies thought they could head to over to SE Asia or Vietnam after trump started his trade vvar in 2018 🙄🙄🙄 Where inside joke back then???? Was there was even more Chinese content in Vietnamese made products than there were in Chinese made products
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  4357. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4380.  @konkats-tg7pf  There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  4384. Americans the f ache News used car salesmen these days 👇 Nine Chinese cars scored five stars in Euro NCAP in 2023 In 2023, Euro NCAP crash-tested 17 cars. Nine of them were Chinese EVs, accumulating over 50% of assessed vehicles. According to E-NCAP, Chinese manufacturers were anxious to prove their relevance to European buyers. They have achieved this goal because every evaluated made-in-China car got five stars.Dec 11, 2023 CarNewsChina 👇 Government data show gasoline vehicles are up to 100x more prone to fires than EVs New study shows EV fires are far less common than in gas vehicles. According to findings pointed out by AutoInsuranceEZ, vehicles that operate using gasoline are tenfold more likely to catch fire compared to EVs. Electrek 👇 You’re Wrong About EV Fires Gas- and diesel-powered vehicles catch fire way more often than EVs, but you wouldn’t know that from the headlines. Jul 11, 2023 Combustion-Powered Vehicles Are 29 Times More Likely To Catch Fire According to MSB data, there are nearly 611,000 EVs and hybrids in Sweden as of 2022. With an average of 16 EV and hybrid fires per year, there's a 1 in 38,000 chance of fire. There are a total of roughly 4.4 million gas- and diesel-powered passenger vehicles in Sweden, with an average of 3,384 fires per year, for a 1 in 1,300 chance of fire. That means gas- and diesel-powered passenger vehicles are 29 times more likely to catch fire than EVs and hybrids. Motor trend 👇 Electric Vehicle Fires: How Often Do They Really Occur? Should an electric vehicle catch fire, it is more likely to happen while being parked or during charging. And where there is electricity, there are potential ignition sources," says Egelhaaf. However, the electric vehicle itself is rarely the cause." The cause can be an improper charger or that the building's electrical installation is not designed for charging electric cars," explains Egelhaaf. Dekra
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  4385. China is pivoting to green clean renewables etc etc etc away from real estate and speculation America complains China subsidizes well duuuuuuh America was complaining Chima was the worlds biggest polluter Now they are throwing even more money into clean,green, renewable etc etc 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  4387. Chinese Government has banned TicTok in China themselves and are wary about these Social Media Sites With that said this is really about China and US relations More accurately the US/China trade war Where the real goal isn’t trade deficits It’s to get more or better access for US multinationals into Chinese Domestic markets What most people don’t get? Is it is 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 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 into the 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? They 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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  4413. People like you make it seem like Chinese are out of house and home when we already know 90% of Chinese families own a home 80% free of any encumbrances We also know 70% of the Chinese in their real estate markets were buying their 2nd and 3rd homes in 2018 We also know it was more well off Chinese investing in these Real Estate Developers wealth management products And most importantly people like you crying for speculation, empty home and foreign investors taxes here????and the rise of interest rates here to combat high real estate prices. Like a first time homebuyer wouldn’t fall through the cracks also in the west Are the same people who cry because the Chinese Government started to crack down in Real Estate speculation in China 14 years ago where it’s only starting to bite now . Acting like we are supposed to feel sorry for folks who took a risk Btw the people really getting hurt these days are the “Sophisticated Foreign Investors” in 2010 cut off from money Property Developers started using Shadow Banks really just well off Chinese investors Giving loans to these Developers The Central Government came into shutdown and regulate Then these Developers started selling Wealth Management investment vehicles to the well off Chinese Which the Government came into shutdown and regulate But then these Developers started to flog their Junk Bonds to “Sophisticated Foreign Investors” Where these Junk bonds really started to take off in popularity these last few years (Btw Property Developer gets a cash infusion what do you think they did with that cash???) The General consensus was the Chinese Government would backstop these Property Developers Companies/Junk Bonds I had a few reach out for my opinion since they know I started researching China as an investment option in the late 80s during my investment banking days My reply was “Not when the Central Government was cutting off money flow to these developers for over a decade They didnt listen 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  4416. I usually wait for someone to argue debt is debt Then I give them this article 👇 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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  4417. Then when they try and argue how Chinese debt is really Government debt because the banks or corporations are State owned I give them this 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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  4423. A few things we learned since the 2008 subprime crisis Buying for US debt is not unlimited. In 2011 the US FED had to buy 71% of the newly issued debt by the US Treasury That 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 US 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. Where the US Treasury would issue new corresponding debt for the public to buy. It ended during Q3 of 2019 Because that selling of debt helped in freezing up the repo markets. As they basically dumped about 600 billion in debt over those 2 years Freezing up the credit markets, 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 and buy that Treasury debt again Last I checked they ran that FED balance sheeet to over 8.8 trillion. 👇 No Surprise, Fed Was Biggest Buyer of Treasuries in 2013 THE Federal Reserve financed most of the government’s deficit in 2013, in sharp contrast to the year before, when the Fed did not add to its holdings of Treasury securities. The American private sector appears to have been a net seller of Treasuries in 2013, but the foreign private sector was a substantial buyer, according to government estimates released this week. In 2013, the government issued a net $759 billion in Treasury securities to the public. That was the lowest figure in six years, as the budget deficit declined because of a healthier economy, which increased tax receipts, and to government austerity that cut spending. The Fed bought a net $543 billion of Treasuries during 2013. That was not a record amount — in 2011 it had purchased $656 billion — but it enabled the Fed to finance 71 percent of the net Treasury borrowing during the year. NYT
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  4426. When the USA destabilizes Governments/Props up dictators, causes vvar or goes to vvar Telling people the USA way of Government and life is better Then what do you expect? Reminds me of those Hong Kong protesters waving American flags Thinking life is better in the west with democracy and freedoms When we who live out west, know the real truth 👇 BN(O) visa immigrants: Study reveals 50% unemployment rate among Hong Kongers under 65 in the U.K., 99% have no plans to return * 22nd November 2023 – (London) A recent study conducted by the “Welcoming Committee for Hong Kongers” organisation, which assists Hong Kongers who have immigrated to the U.K. through the BN(O) Visa, has shed light on the employment situation of these individuals. The study surveyed over 2,000 Hong Kong immigrants and found that only 50% of those under the age of 65 were able to secure employment, indicating a significant unemployment rate among this group. The study also highlighted the educational background of BN(O) Hong Kongers in the U.K. It revealed that 36% of the surveyed individuals held a master’s or doctoral degree, while 23% had a postgraduate degree. These figures indicate that BN(O) Hong Kongers in the U.K are nearly twice as well-educated as the average UK population. * However, despite their educational qualifications, many BN(O) Hong Kongers are facing difficulties in securing employment that matches their skills and experience. Among those surveyed who were employed, 47% felt that their job did not align with their qualifications, and 20% felt that their workload was excessive. DimSumDaily
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  4428. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4429. We in the west think the Chinese think just like us Our everyone wins a Participation ribbon. You are so good at this or that little Timmy or Tabitha So when there is a setback growth target not met, real estate bubble, , the Chinese people will give up like we would here in the West. 🙄 Because since they are not a democracy don’t have the same freedoms we have, the people revolt there is a civil vvar and China crashes and we are saved from the Chinese 🙄 👇 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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  4430.  @NadeemAhmed-nv2br  As countries modernize their natural population replacement rates plummeted as well America as well has not met “natural” population replacement rates since 1972 But look at them complaining about immigrants these days Here is an example by 2033 Social Security payments will need to be cut by 27% Unless they borrow even more, raise taxes even higher or pile the immigrants in Because it certainly looks like more and more Americans are souring on Clean, Geeen, Renewable AI and Robotics 👇 Robotic upside to China’s demographic decline Fewer workers mean more industrial robots, greater efficiency and higher value-added By SCOTT FOSTER JANUARY 23, 2023 Even if some of the dire prophecies are accurate, however, the population decline will also make automation an absolute necessity – as has happened in Japan. It will widen China’s already large lead in the deployment of industrial robots and the industrial internet of things, helping to create an enormous market for service robots. This process is already well underway. Over the past decade, installations of industrial robots in China have increased by 10.7 times, according to the International Federation of Robotics (IFR). Compare that with 68% growth in Japan, 67% growth in the US, 20% growth in Germany and 19% growth in South Korea. In just a few years, China has become the world’s largest user of industrial robots by a very wide margin. In 2021, China accounted for 52% of total worldwide installations. Trailing far behind, Japan accounted for 9%, the US for 7%, South Korea for 6% and Germany for 5%. Viewed by region, Asia accounted for 74% of the total, Europe for 16% and the Americas for 10% AsiaTimes
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  4433. China was purposely trying to slowdown its economy 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4436. As for their real estate? 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4445. American military grade drones are losing out to Chinese made retail toy store drones 👇 American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones Business Insider American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones Chris Panella Wed, April 10, 2024 at 12:44 PM PDT 3 min read American drones aren't performing as well as those from other countries, like China's, in Ukraine. The drones are glitchy, expensive, and get lost during flight, sources told The Wall Street Journal. Those problems are opening the door for Ukraine to buy drones from other manufacturers. The drone war in Ukraine is constantly evolving and forcing both sides to innovate quickly. But for Ukraine, a key partner is having trouble keeping up and letting rivals fill the void. American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. The problems with many US-made drones, particularly some of the smaller ones, are that they often don't function as advertised or planned and easily glitch when targeted by Russian jamming, sources told The Wall Street Journal. They are fragile and vulnerable to electronic warfare. For some of the systems that were sent to Ukraine, issues included not taking off, getting lost and not returning home, or simply failing to meet mission expectations. Part of the problem is that US technology isn't evolving fast enough, in part due to restrictions on sourcing. Georgii Dubynskyi, Ukraine's deputy minister of digital transformation, told The Journal that "what is flying today won't be able to fly tomorrow," adding that the innovation window in this conflict is small. "The general reputation for every class of US drone in Ukraine is that they don't work as well as other systems," Adam Bry, the chief executive of American drone company Skydio, told WSJ, acknowledging that his own drone is "not a very successful platform on the front lines." US drones are also typically far more expensive than comparable models. And at the rate Ukraine is burning through them, it wouldn't be feasible. Instead, Ukraine is turning to systems made by Chinese companies for cheaper and often more reliable alternatives. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Ukrainian forces sometimes strap bombs directly on them for a makeshift one-way attack drone or use them to drop grenades. YahooNews
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  4446. There is now a 27 book series on what the Chinese invented first? that says we in the west copied or stole from them If you took the time to read those books you will find in the vast majority of the cases, there is no specific inventor(s) name(s) attributed to an invention Rather it is the Chinese invented such and such in such in such a century This guy explains it the best 👇 From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  4447. This was for left behind people like you 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4454.  @bladestarX  Why do I think like this? Because the Chinese can tell you what happened to them with their own version of open source There is now 27 books out there, on what the Chinese invented that says we stole and copied from them Yet most people believe they can’t innovate they copy and they steal If you take the time to read those books you will rarely find a name of a person or persons attributed those inventions Instead it will be the Chinese invented such and such in such and such century 👇 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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  4455.  @bladestarX  From Gongkai to Open Source My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling. Further investigation taught me that the Chinese have a parallel system of traditions and ethics around sharing IP, which lead me to coin the term “gongkai”. This is deliberately not the Chinese word for “Open Source”, because that word (kaiyuan) refers to openness in a Western-style IP framework, which this not. Gongkai is more a reference to the fact that copyrighted documents, sometimes labeled “confidential” and “proprietary”, are made known to the public and shared overtly, but not necessarily according to the letter of the law. However, this copying isn’t a one-way flow of value, as it would be in the case of copied movies or music. Rather, these documents are the knowledge base needed to build a phone using the copyright owner’s chips, and as such, this sharing of documents helps to promote the sales of their chips. There is ultimately, if you will, a quid-pro-quo between the copyright holders and the copiers. This fuzzy, gray relationship between companies and entrepreneurs is just one manifestation of a much broader cultural gap between the East and the West. The West has a “broadcast” view of IP and ownership: good ideas and innovation are credited to a clearly specified set of authors or inventors, and society pays them a royalty for their initiative and good works. China has a “network” view of IP and ownership: the far-sight necessary to create good ideas and innovations is attained by standing on the shoulders of others, and as such there is a network of people who trade these ideas as favors among each other. In a system with such a loose attitude toward IP, sharing with the network is necessary as tomorrow it could be your friend standing on your shoulders, and you’ll be looking to them for favors. bunnies studios
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  4456.  @bladestarX  it’s very simple open source AI is open source AI unless you close it off…. To me it’s just how you view it If or When the Chinese decide to copy what works from that open source AI for their closed off economy Do you call it stealing or the Chinese using Open Source AI There are two separate eco systems being developed these days as the East and West decouple And if there is any possibility to make money or money to be made I’m going to put my money on the Chinese the Chinese are already selling to the Global South have a 820 billion dollar a year, trade surplus with the world these days And yes there are AI companies out there with their proprietary AI products and services,.., but then that isn’t open source AI I’m the end it all come down to one thing “Money” who is willing to pay for these products and services…. There is a reason for these trade wars and decoupling talks That’s because they know western countries are in debt and in decline and the Chinese need to open up their economy Our 1%ters and their multinational corporations know one thing but tell you another thing 👇 Project Syndicate The value of global China July 23, 2019 | Article 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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  4457.  @tluangasailo3663  What decade are you living in these days????? There is now a 27 books written 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 argue they copy, steal, can’t innovate etc 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  4458.  @tluangasailo3663  Better question you should be asking is what happened to China China is a harbinger for these Western Countries electing these right wing Governments looking to close off borders China spent the better part of a millennia trading places with India for top economy in the world By the 1430s it was the top economy and technological leader in the world . But their emperor at the time started the slow process of closing in on itself closing off its borders/nationalism Like we are seeing with far right Governments and the Americans these days This lead to 400 years of decline and then an eventual semi colonization of China for 100 more years Where even up to the 1980s China was 88% in abject poverty These days they are back and they did not run up the external debt like the Americans are running up these days 👇 'Wake-Up Call': China Leads in 37 Out of 44 Critical Technology Sectors, Says Report author The Wire Staff Mar 09, 2023 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.' 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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  4462.  @kwokholuk8723  * 27 books 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
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  4465. Does it matter? Ethnic Chinese dominate the economies of these countries. And these countries are dependent on the Chinese economy Plus when it comes to Asean countries China has an ace up its sleeve 👇 China Is Winning the Race for Water Security in Asia Great power competition in Asia is not only about control of critical waterways in the South China Sea, but also about who controls Asia’s fresh water. The future of Asia’s water—upon which about four billion people depend—lies in China’s hands. Through its presence in Tibet, China controls the headwaters of ten of the eleven major rivers of Asia. So far, China has taken a relatively cooperative approach to sharing water with its neighbors as part of the systematic consolidation of its “soft power” over downstream countries. But climate change and rapid growth are threatening to upset this delicate diplomatic balance. What happens when China’s own thirst outpaces its resources? And how will China’s choices affect U.S. interests in the strategic Asia-Pacific region? China has positioned itself as a world leader on climate change and set ambitious goals for environmental protection. However, due to the pace of urban as well as industrial expansion and its often-lax enforcement of pollution control regulations, China continues to consume as much coal as the rest of the world combined. Its approach to combatting climate change and resource scarcity, which emphasizes engineering solutions over better resource management, has resulted in dramatic infrastructure projects. These include a series of hydro-electric dams meant to address the country’s severe water shortage challenges by giving it more control over the continent’s rivers, as well as to generate electricity. These construction projects mean China can bestow or withhold water as it sees fit, leaving downstream Asian countries vulnerable to Beijing’s decisions. For example, Chinese hydroelectric dams along the Brahmaputra River have proven to be a source of friction with India, exacerbating long-simmering border disputes. NewSecurityBeat
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  4474. There is now a 27 book series that says we copied from the Chinese 👇 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. All the myths about China and the Chinese being good at 'memorising and passing exams', but being unable to think independently or to be imaginative and creative, are just that - myths. Those stories were never true, not then and not now. This isn't a simple matter of gunpowder and fireworks, but encompasses the entire range of human knowledge from endocrinoloy to mathematics, from agriculture to astronomy. How could such facts have been hidden from the entire Western world for so long? And why were they withheld? Needham made his discoveries in the 1940s, but our Western education has never made reference to them, never acknowledged them. We Westerners were taught that virtually all inventions and discoveries arose in Europe but, thanks to Joseph Needham, we have clear documentation proving they existed in China often 1,000 or more years before the Europeans copied them. In all of the above, Needham has published not only old Chinese texts, but photos of old drawings that clearly depict all of these items, from texts that can be accurately dated. These are not wild claims or supppositions; the evidence is both conclusive and striking, and is there for anyone to examine. Where has the world been, for so many years? How could all of this have remained hidden? How - and Why - did the West so thoroughly erase China from the world's current historical memory? MySingaporeBlogSpot
    1
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  4480. 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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  4489. What most people don’t get? Is it is 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 into the 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? They 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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  4491. Now they have just turned us into brain wash.d dummm down westerners over them red book thumping com mies 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 👇 Imperialist media can’t stop lying about mosques in China * Firsthand report from Kashgar On a recent visit to Kashgar, Xinjiang, home to about 80% of the ethnic Uygur population, this writer had a chance to speak to residents and learn about local architecture. Many of the buildings in Kashgar are 1,000 or more years old. These old buildings, while stunningly beautiful, were not built to standards that would be considered seismically safe today in areas with a risk of earthquakes. In the past, collapses and deaths were common. * In 2020, the U.S. Mosque Survey counted 2,769 mosques in this country, compared to China’s more than 35,000 mosques. This means that Chinese Muslims have nearly three times more mosques per capita than do Muslims in the U.S. But the accusations don’t stop at alleged demolition. The Western media have also claimed that the Chinese government is carrying out a process of “Sinification” through the renovations, meaning that China is allegedly removing the Arabic aspects of mosques and replacing them with traditional Chinese architecture. Mosques built in the traditional Chinese-style architecture are presented in the Western media as “evidence” of “cultural erasure,” when in reality mosques built in Chinese style have existed as far back as around 700 C.E. There are also many Muslim populations in China that are not Arabic in origin, such as the Hui population, who were originally descended from Han Chinese and are Chinese-speaking. Because of the ancient Silk Road and the historical mixing of peoples from the Chinese coast with Arab, European and many other peoples, the blending of language, religion and architecture should not be seen as an attempt at Han hegemony, but rather as a natural blending of peoples living side-by-side in a multiethnic nation with more than 5,000 years of recorded history. WorkersWorld
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  4508. The better play would be to go short on Chinese real estate Right now 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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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  4514. China actually has a oversupply of higher end homes but not affordable homes 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4515.  @ZweiZwolf yes inorder to do so the west has to build the factories, infrastructure, educate and train the people, give financial incentives/ tax breaks etc etc etc All that cost money, which I don’t see the west doing enough of any of that Where the Chinese??? are preparing for that decoupling 👇 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. NikkeiAsia
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  4519.  @JigilJigil  ​​⁠You have no clue what you are talking about just giving f ache News talking points 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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  4523. ⁠ China Government has already state there should be a consolidation From my understanding in most countries 95% of businesses fail Why should it be any different in China? ​​⁠here in the west we hear only one Chinese EV company is making money right now? They will give up,because that is how we think and what we will do in that situation That’s the mistake we westerners make But the reality is that’s not how they think That is born out of study after study 👇 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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  4525. ⁠ ​​⁠ ​​⁠Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names I order for the west to bring back that manufacturing the west has to build the factories, infrastructure, educate and train the people, give financial incentives/ tax breaks etc etc etc All that cost money, which I don’t see the west doing enough of any of that Where the Chinese??? are already preparing for that decoupling For example… Ethnic Chinese have been going to South East Asia for centuries The last 40 to 50 years Chinese people and their companies have been going to SE Asia dominating the economies of these Countries. Where these Countries have become dependent on the Chinese economy And then there is this 👇 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. NikkeiAsia
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  4527. The Chinese Government cut off money flow to these Developers on 2010 That’s all the warning people needed 2 years ago was when it was mostly “Sophisticated Foreign Investors “ Who were buying these Property Developers Junk bonds 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider 👇 Business Economics China Increases Banks’ Reserve Ratios to Cool Prices By Bloomberg News December 10, 2010 at 4:08 AM PST 👇 China raises banks' reserve ratios again Reuters December 10, 20104:27 AM PSTUpdated 13 years ago Dec 10, 2010 — The 50 basis point increase, which takes effect on Dec 20, will leave required reserve ratios at 18.5 percent 👇 China Property Market ‘Bubble’ Set to Burst, Xie Says By Bloomberg News February 1, 2010 at 11:51 PM PST China’s property market “bubble” is set to burst as the government curbs credit growth and clamps down on speculation, according to independent economist Andy Xie. 👇 China cracks down on speculators to cool prices BY THE ASSOCIATED PRESS NOV. 23, 2010 The government has ordered banks twice in the past three weeks to raise the amount of money they hold in reserves to rein in lending growth. 👇 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. 👇 China attempts to deflate its unstable property bubble China is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijing Wed 9 Mar 2011 19.24 GMT Chinese officials are blaming speculators for soaring property prices and are vowing to build 36m affordable homes over the next five years. There are already widespread concerns about China's booming property market and the threat it poses to the country's expanding economy. China would spend nearly $200bn (£123bn) on an affordable homes and social housing scheme, said deputy housing minister Qi Ji in Beijing . The pledge came a few days after premier Wen Jiabao promised to "resolutely" curb speculation to tackle excessively rapid price increases The authorities have taken various steps since spring last year to dampen the property market. These include raising interest rates, increasing the minimum downpayment required on second homes and restricting the rights of foreigners to buy property. Two Chinese cities are now imposing sales tax on property deals. While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%. The Guardian
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  4542.  @PelleGIT you have no clue what’s happening over there 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4543.  @PelleGIT  Anyways with their engineered slowdown (or else70% of the people in their city real estate markets would be buying their 3rd 4th or 5th homes right about now…. as a few hundred million rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days 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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  4546. How long do electric car batteries last? What 6,300 electric vehicles tell us about EV battery life Last updated on May 31, 2024 How long do EV batteries last? According to research from Geotab, the simple answer is that if the observed EV battery degradation rates are maintained, the vast majority of batteries will outlast the usable life of the vehicle and will never need to be replaced. Based on data from over 6,000 electric vehicles, spanning all the major makes and models, Geotab finds that EV batteries are exhibiting high levels of sustained health. Across all vehicles, on average, an EV battery degrades at 2.3% per year. Do electric car batteries wear out? Of course, like all batteries, they will eventually wear out, but in most cases, this will be long after the vehicle’s life-cycle is complete. See also: To what degree does temperature impact EV range? Do electric cars lose range over time? Technically, yes. What this means for an electric vehicle’s range is, if you purchase an EV today with a 150-mile range, you would lose about 17 miles of accessible range after five years. This decline is not likely to have a significant impact on most drivers’ day-to-day needs, but it is a factor fleet managers will need to consider when it comes to maximizing the value of their EVs. Importantly for consumers, car makers commonly offer a warranty on EV batteries for around eight years or 100,000 miles. This is the federal minimum in the United States and it varies by manufacturer and country. But by all accounts, electric car batteries should last much longer than that. GeoTab
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  4575.  @OpinionFactChecker  👈 Also you look at China from our western point of view like they think like us in the West In your opinion their EVs industry failed so these Chinese people will give up Just like we out in the west would give up 👇 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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  4576.  @OpinionFactChecker  Chinese Government just spent the last 14 years cracking down on their overheated real estate It was that or have 70% of the people buying real estate in their cities, buying their 4th or 5th homes right about now (when a few hundred million less well off rural folk are still expected to move to the cities but can’t find “affordable” housing) So even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 But with no other viable investment options left these days Their Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead This is where China already leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these technologies. Beats buying your 4th or 5th home 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 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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  4584. 👆 More like some people don’t believe a single word MSM tells them Unless it’s about China then their word is the Gospel 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest 👇 Huge Price Cuts Rumored From Chinese Developers Due To Collapsing Demand Vincent Fernando, CFA May 29, 2010 Demand is falling since China's central government announced stricter regulations for property transactions during the middle of April. These involve higher down payments and mortgage rates for the purchase of second home, and act which is seen as potential speculation. Such tightening is reducing buying demand. Thus a moderately bearish view is that property prices need to come down, since demand is likely down yet supply is the same. This challenge isn't limited to Shanghai: China Vanke Co, the country's largest publicly listed developer, may cut apartment prices by 10 to 30 percent within three months, the Beijing News said yesterday, citing an unidentified sales agent. Local Vanke officials declined to comment yesterday. Yet Shanghai is where things could get the ugliest, the earliest. This is because the local Shanghai government is planning to clamp down on speculation even harder than China's central government already has: Chen Qiwei, a spokesman for the Shanghai municipal government, did not preclude the possibility of levying property tax when asked about this issue at a press conference on Friday. "Shanghai will take more strict measures in line with the central government policy," Chen said, adding that more efforts will be made in building economically affordable houses and cracking down on speculative house purchasing. Other cities such as Beijing, Chongqing, and Shenzen could have similar additional taxes, but Shanghai is the first to make an official comment such as above according to China Daily. Thing is, any action from Shanghai will likely need approval from the central government. BusinessInsider
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  4586. Yup Most people who talk about China have no clue about the country Most Chinese do not invest in the Stock Market because it is considered no better than a Casino They however do invest in their Real Estate 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4591. Filipinos….70% never go past a grade 10 education 👇 Article 287 Choice of procedure 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State shall be free to choose, by means of a written declaration, one or more of the following means for the settlement of disputes concerning the interpretation or application of this Convention: (a) the International Tribunal for the Law of the Sea established in accordance with Annex VI; (b) the International Court of Justice; (c) an arbitral tribunal constituted in accordance with Annex VII; (d) a special arbitral tribunal constituted in accordance with Annex VIII for one or more of the categories of disputes specified therein. 2. A declaration made under paragraph 1 shall not affect or be affected by the obligation of a State Party to accept the jurisdiction of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea to the extent and in the manner provided for in Part XI, section 5. 3. A State Party, which is a party to a dispute not covered by a declaration in force, shall be deemed to have accepted arbitration in accordance with Annex VII. 4. If the parties to a dispute have accepted the same procedure for the settlement of the dispute, it may be submitted only to that procedure, unless the parties otherwise agree. 5. If the parties to a dispute have not accepted the same procedure for the settlement of the dispute, it may be submitted only to arbitration in accordance with Annex VII, unless the parties otherwise agree. 6. A declaration made under paragraph 1 shall remain in force until three months after notice of revocation has been deposited with the Secretary-General of the United Nations. 7. A new declaration, a notice of revocation or the expiry of a declaration does not in any way affect proceedings pending before a court or tribunal having jurisdiction under this article, unless the parties otherwise agree. 8. Declarations and notices referred to in this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 Article 287, paragraph 1, provides that States and entities, when signing, ratifying or acceding to the Convention, or at any time thereafter, may make declarations specifying the forums for the settlement of disputes which they accept. Article 287, paragraph 1, reads: "Article 287 UNORG 👇 Article 298 Optional exceptions to applicability of section 2 1. When signing, ratifying or acceding to this Convention or at any time thereafter, a State may, without prejudice to the obligations arising under section 1, declare in writing that it does not accept any one or more of the procedures provided for in section 2 with respect to one or more of the following categories of disputes: (a) (i) disputes concerning the interpretation or application of articles 15, 74 and 83 relating to sea boundary delimitations, or those involving historic bays or titles, provided that a State having made such a declaration shall, when such a dispute arises subsequent to the entry into force of this Convention and where no agreement within a reasonable period of time is reached in negotiations between the parties, at the request of any party to the dispute, accept submission of the matter to conciliation under Annex V, section 2; and provided further that any dispute that necessarily involves the concurrent consideration of any unsettled dispute concerning sovereignty or other rights over continental or insular land territory shall be excluded from such submission; (ii) after the conciliation commission has presented its report, which shall state the reasons on which it is based, the parties shall negotiate an agreement on the basis of that report; if these negotiations do not result in an agreement, the parties shall, by mutual consent, submit the question to one of the procedures provided for in section 2, unless the parties otherwise agree; (iii) this subparagraph does not apply to any sea boundary dispute finally settled by an arrangement between the parties, or to any such dispute which is to be settled in accordance with a bilateral or multilateral agreement binding upon those parties; (b) disputes concerning military activities, including military activities by government vessels and aircraft engaged in non-commercial service, and disputes concerning law enforcement activities in regard to the exercise of sovereign rights or jurisdiction excluded from the jurisdiction of a court or tribunal under article 297, paragraph 2 or 3; (c) disputes in respect of which the Security Council of the United Nations is exercising the functions assigned to it by the Charter of the United Nations, unless the Security Council decides to remove the matter from its agenda or calls upon the parties to settle it by the means provided for in this Convention. 2. A State Party which has made a declaration under paragraph 1 may at any time withdraw it, or agree to submit a dispute excluded by such declaration to any procedure specified in this Convention. 3. A State Party which has made a declaration under paragraph 1 shall not be entitled to submit any dispute falling within the excepted category of disputes to any procedure in this Convention as against another State Party, without the consent of that party. 4. If one of the States Parties has made a declaration under paragraph 1(a), any other State Party may submit any dispute falling within an excepted category against the declarant party to the procedure specified in such declaration. 5. A new declaration, or the withdrawal of a declaration, does not in any way affect proceedings pending before a court or tribunal in accordance with this article, unless the parties otherwise agree. 6. Declarations and notices of withdrawal of declarations under this article shall be deposited with the Secretary-General of the United Nations, who shall transmit copies thereof to the States Parties. UNORG 👇 The Government of the People’s Republic of China does not accept any of the procedures provided for in Section 2 of Part XV of the Convention with respect to all the categories of disputes referred to in paragraph 1 (a) (b) and (c) of Article 298 of the Convention. UNORG 👇 In addition, article 298, paragraph 1, allows States and entities to declare that they exclude the application of the compulsory binding procedures for the settlement of disputes under the Convention in respect of certain specified categories kinds of disputes. Article 298, paragraph 1, reads: UNORG 👇 Article 299 Right of the parties to agree upon a procedure 1. A dispute excluded under article 297 or excepted by a declaration made under article 298 from the dispute settlement procedures provided for in section 2 may be submitted to such procedures only by agreement of the parties to the dispute. 2. Nothing in this section impairs the right of the parties to the dispute to agree to some other procedure for the settlement of such dispute or to reach an amicable settlement. UNORG
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  4606.  @MrNickjberry  with their engineered slowdown (or else 70% of the people in their city real estate markets would probably be buying their 3rd 4th or 5th homes right about now…. While a few hundred million rural migrants can’t find an affordable home as they migrate to the cities) And even though these last few years China has been investing a few trillion (hidden loans included) in their belt and road partner countries China still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years And have a record trade surplus for the first 6 months of 2024 Even though their Central Government is cracking down into real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023. (An increase of 8.5%) But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and into investimg in technology/industries instead. (What’s the difference between buying a 4th house vs a 5th house) 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 We can hide our heads in the sand and pretend “it ain’t so”… like that will help us out in the long run 👇 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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  4607.  @georwoogle  anytime you want to debate what I posted 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  4608.  @nickl5658  Yup… The difference between the USA and China is in Q3 of 2019 The US FED was bailing out those TOOBIGTOFAIL banks in their repo market less their credit markets seize up… once again A few things we learned since the 2008 subprime crisis 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 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 some people 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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  4609.  @partyeslife8157 the Chinese slowdown was by design… something they started in 2010 Because they still have around 200 million rural folk they expect to migrate to the cities What is the Philippines doing for its poor???? 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4610.  @partyeslife8157  And the guy is right they have done war games/war scenarios over and over Arming the Philippines would just make it a target when the Chinese can produce 1000 cruise missiles everyday. That’s how they plan to win a war with the USA. Out produce the Americans 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. Politico
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  4616.  @Andy-P  Sha dy Filipinos are like that when the Chinese showed up 2000 years ago they had to go to Luzon to find you Filipinos Not these disputed islands The Chinese probably went “these islands are ours” Filipinos were like O kay na lang Yes sirrrrr thank you sirrrrrrrr come again sirrrrrrrrr 👇 The Chinese Treasure Fleet in 15th century Philippines * It was the people of our archipelago who discovered Magellan and the Europeans in 1521, not the other way around, as most Filipinos were taught by our grade-school textbooks. Our islands and their inhabitants were well-known to a larger, richer world that of Chinese emperors and scholars and Arab traders, as early as the 9th, even 6th centuries. And certainly by 1000 A.D., our shores were regular ports of call in the trade with China, then the most powerful nation on earth. Chinese chronicles, European archaeologists and the diggings in our pre-colonial burial grounds prove that those ancient Filipinos used fine porcelain, weights and measures imported from China, and recorded written contracts. Chao-Ju-Kua reported that Chinese traders visited Ma-I (Luzon) regularly, leaving silks, porcelain and metal utensils on the beaches of designated islands, and returning weeks later to collect payment in the form of beeswax, gold dust, carabao horn, ginger, cinnamon or garlic. It was an import-export system run on a reliable honor system with unquestioned good faith. * When Magellan’s Spanish Armada hove into view in March 1521, the natives of Homonhon in the Visayas must have taken pity on the small black ships with tattered sails and scruffy, starving, disoriented sailors, for they sent a small rowboat packed with rice, coconuts and bananas to their rescue. On the next island, the white, bearded strangers were feted in a bamboo palace with a banquet of roast fish, pork, turtle eggs and palm wine, by a native king whose queen wore a black-and-white gown, red lips and nails, while a quartet of young, topless damsels played music on various gongs and drums. Those early Filipinos had been more accustomed to the tall, prosperous, Chinese ships with a trio of feathery sails stiffened with battens, for the China trade had been in place for at least 500 years. During the Ming Dynasty, Filipinos enjoyed the visits of the Treasure Fleet (1405-1500) of Admiral Cheng Ho (Zhen He) a huge, 7-ft tall, powerful eunuch, who had built 1,500 massive, 500-ft ships in a giant shipyard in Nanking with the help of 30,000 workers. The luxurious ships, each manned by 1,000 sailors ruled the South Pacific and the Indian Ocean. * But the Chinese were not interested in conquest or territorial aggrandizement. Their purposes were trade and diplomacy. That was what our ancestors expected when they first saw the Spanish Armada. Filipinos had never seen white men before Magellan and never thought the strangers would be as rapacious and predatory as they would prove to be. They assumed the new foreigners to be poor and needy because they had only glass beads, a string of little bells and a red cap (Magellan’s gifts) to reciprocate the native prodigality. The white men were, in fact, so dazzled by the earrings, chains, armlets and anklets, of pure gold, worn by both the native men and women that Magellan had to warn them against showing their covetousness. Philstar
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  4622. You Filipinos say payment is for rent Malaysians says it’s payment for sale It does not matter under the contract they can make those payments Whatever you want to call it rent or sale in perpetuity 👈( that means for ever and ever and ever ) But like I said in other post. The claim you Filipinos have on Sabah and some other Malaysian islands you Filipinos have taken that are closer to Malaysia Is a historical claim… Historical claim you Filipinos dismissed as a valid claim in 2017 👇 The two main sultanates in the region at the time were Sulu and Brunei. In 1658, the Sultan of Brunei gave Sabah to the Sultan of Sulu - either as a dowry or because troops from Sulu had helped him quell a rebellion. More than 350 years later, the sultan's heirs have come to remind Malaysians that they still consider Sabah to be part of Sulu and, by extension, part of the Philippines. "Sabah is our home," they said simply when asked why they had come. But history is not that simple and of course Malaysia has no intention of giving up Sabah to this little band of Filipinos. The crux of their disagreement lies in a contract made in 1878, between the Sultanate of Sulu and the British North Borneo Company. Under this contract known as pajak, the company could occupy Sabah in perpetuity as long as it paid a regular sum of money. Even today, Malaysia pays about 5,000 Malaysian ringgit (£1,000, $1,500) a year to the Sultanate of Sulu. But the British and, after that an independent Malaysia, interpreted pajak to mean sale, while the Sulu Sultanate has always maintained it means lease. "In my opinion, this is more consistent with a lease rather than a sale, because you can't have a purchase price which is not fixed and which is payable until kingdom come," said Harry Roque, a law professor at the University of the Philippines. BBC
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  4625.  @gelinrefira More like 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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  4632. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Sabah clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines) if we are arguing proximity Why is the proximity debate important Because the Philippines dispute stems with the fact they make a formal proximity claim against China in the 1970s on disputed islands and waters Where China makes a 200 BCE Historical claim that the Philippines dismissed in the 2016 ICJ tribunal 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  4633. Filipinos crying bullying when they are making a historical claim on Malaysian land in Sabah as a prize for participation in quelling a rebellion for a former Malay Sultan Bullying the Malaysians as Filipinos in 2013 invaded Sabah causing the demise of 71 people. Where Malaysia clearly wins the proximity claim as Sabah is attached to Malaysia and the sea separates the Philippines (In fact there are a few islands controlled by the Philippines that are closer to Malaysia than the Philippines (off the shores of Malaysian land) if we are arguing strictly “proximity” Malaysia wins in their dispute with the Philippines Why is the proximity debate important Because the Philippines dispute in the SCS with China stems from the fact they made a formal proximity claim against China in 1971 on those disputed islands and waters Where China makes a 200 BCE “historical claim” that the Philippines formally dismissed in the 2016 ICJ tribunal that the Filipinos unilaterally brought forth themselves 👇 Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  4640. 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. HuffPost
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  4647. When the USA destabilizes Governments/Props up dictators, causes vvar or goes to vvar Telling people the USA way of Government and life is better Then what do you expect? Reminds me of those Hong Kong protesters waving American flags Thinking life is better in the west with democracy and freedoms When we who live out west, know the real truth 👇 BN(O) visa immigrants: Study reveals 50% unemployment rate among Hong Kongers under 65 in the U.K., 99% have no plans to return * 22nd November 2023 – (London) A recent study conducted by the “Welcoming Committee for Hong Kongers” organisation, which assists Hong Kongers who have immigrated to the U.K. through the BN(O) Visa, has shed light on the employment situation of these individuals. The study surveyed over 2,000 Hong Kong immigrants and found that only 50% of those under the age of 65 were able to secure employment, indicating a significant unemployment rate among this group. The study also highlighted the educational background of BN(O) Hong Kongers in the U.K. It revealed that 36% of the surveyed individuals held a master’s or doctoral degree, while 23% had a postgraduate degree. These figures indicate that BN(O) Hong Kongers in the U.K are nearly twice as well-educated as the average UK population. * However, despite their educational qualifications, many BN(O) Hong Kongers are facing difficulties in securing employment that matches their skills and experience. Among those surveyed who were employed, 47% felt that their job did not align with their qualifications, and 20% felt that their workload was excessive. DimSumDaily
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  4649.  @andrewdubose9968  People like you are probably too brain was hed To have a clue there is now 27 books out there in what the Chinese invented first that says we copied or stole from them first These days???? China has been transferring its tech to Global South Countries and its Belt and Road partners countries BTW The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries 👇 Developing countries’ transition periods Provisions for developing countries, economies in transition from central planning, and least-developed countries Developing countries and economies in transition from central planning did not have to apply most provisions of the TRIPS Agreement until 1 January 2000. The provisions they did have to apply deal with non-discrimination. Article 65.2 and 65.3 Least-developed countries were given until 1 January 2006. Article 66.1. Members have agreed to extend the deadline to 1 July 2034, or to the date a country is no longer “least-developed”, if that is earlier. Pursuant to the Doha Declaration on TRIPS and Public Health, a separate transition period exists for pharmaceutical patents, which currently runs until 1 January 2033. WTO
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  4650. Chinese Government has banned TicTok in China themselves and are wary about these Social Media Sites With that said this is really about China and US relations More accurately the US/China trade war Where the real goal isn’t trade deficits It’s to get more or better access for US multinationals into Chinese Domestic markets What most people don’t get? Is it is 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 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 into the 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? They 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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  4653.  @sijugeo1973  The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it We didn’t do them any favours paying those dollar a day wages In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Put up with that killer smog and that toxic lake 7 miles wide (the left over toxic waste from the Rare Earths used to make our high tech gadgets) Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese took those savings invested or made a business with their savings Yeah sure we expected them to buy 1 billion toothbrushes and 2 billion socks What we didn’t expect was for them to enrich themselves My proof even before our western Governments and western corporations pushed for Chinas inclusion into the WTO? Our top of the food chain 1%ters and their TOOBIGTOFAIL investment banks, worked out the worst deal ever for themselves A 33% interest in a Joint Venture Banking Subsidiary where the Chinese parent bank held a 67% interest
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  4654.  @sijugeo1973  What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a JV partner And I’m “most” cases when you go to China to open up a factory export those goods back to your country you don’t have to take in a JV partner These days ????? Is it is 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 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 into the 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? They 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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  4657.  @sijugeo1973  even these last few years as China has invested a few trillion (hidden loans included) in their belt and road partner countries China exports are up 7.1% for the first few months of 2024 And it still averages about 820 billion plus dollar a year trade surplus with the world the last 2 years Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people still added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 (increase of 8.5% But with no other viable investment options left these days The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead 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 Musk saw the writing on the wall if he can partner and get his hands on Chinese tech he will be able to compete again 👇 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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  4658.  @sijugeo1973  Plus not sure why you are complaining anyways, American politicians and regular public want to decouple from China these days As Americans like you are acting like the suddenly wo ah oak snow fla aches tou dis like so much yourself Back 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 yet was getting laughed at and called a CCP 50 cent army poster. Communist Traitor, against Capitalism and worse names That’s because Conservatives minded folks back then, were pushing for Globalization and Free Trade Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right smack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages We couldn’t compete against them when they were 88% in abject poverty in the 1980s We definitely can’t compete against them as the take the technological lead Sure you Americans may have lost 7 million manufacturing jobs from the height of their manufacturing days. But you gained 53 million service sector jobs 33 million of them higher paying jobs than those manufacturing jobs So with more jobs…. more higher paying jobs…. and added saving from imported goods raising your standards of living did the average American Invest,save, or even think to throw that money under the mattress? No they spent those added earnings and the borrowed to spend some more and borrowed even more to spend some more Now you blame anyone else but yourselves If only China was wide open🙄🙄🙄 👇 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 liberal
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  4659.  @MD97531  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4660. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
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  4662. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
  4663. To me historical claim, proximity claim It really does not matter it’s just the reason for the countries claim I only bring but up because people want to make it out that it was the Chinese who just showed up one day When it was you Filipinos who didn’t make a formal claim until 1971 2 years after oil was found To me it’s who controls that land and water now That tribunal just affirmed the who ever controls that land controls its now Basically arguing no country has exhibited continuous control Well all the countries including China and your Philippines had dug into the islands and waters they control and say speak to us in a few hundred years Just like I am living on Indigenous peoples land who I say tough luck to those people You are living on Negrito peoples land You can say tough luck to them Or give you can give back their land to them if you want Which my argument is if you want to dispute historical claim like you did in the 2016 ICJ case you unilaterally brought forth Then Sabah in which you make a historical claim is closer to Malaysia in proximity As well as a few Island off the coast of Malaysia you Filipinos control As for Vietnam 👇 Nanyue (Chinese: 南越[1] or 南粵[2]; pinyin: Nányuè; Jyutping: Naam4 Jyut6; lit. 'Southern Yue', Vietnamese: Nam Việt, Zhuang: Namz Yied),[3] was an ancient kingdom founded by the Chinese general Zhao Tuo, whose family (known in Vietnamese as the Triệu dynasty) continued to rule until 111 BC.[4][5] Nanyue's geographical expanse covered the modern Chinese subdivisions of Guangdong,[6] Guangxi,[6] Hainan,[7] Hong Kong,[7] Macau,[7] southern Fujian[8] and central to northern Vietnam.[6] Zhao Tuo, then Commander of Nanhai Commandery of the Qin dynasty, established Nanyue in 204 BC after the collapse of the Qin dynasty. At first, it consisted of the commanderies of Nanhai, Guilin, and Xiang. Wikipedia
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  4665. China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways They already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  4667.  @mattvanr2361  look at you trying so hard to blame anyone else but yourself You took the time to type… but did not do your own research Embarrassing 👇 Toronto study initiated more than thirty years ago provides some of the most convincing evidence to support the theory that more immigration equals less crime. In 1976, John Hagan, now a professor of sociology and law at both U of T and Northwestern University in Chicago, surveyed a group of 835 teenagers at four high schools in a region west of Toronto, near Pearson International Airport. (The community has never been named, to protect residents’ anonymity.) He asked them about their families, their attitudes toward education, what they did when they hung out with their friends, and the kind of trouble they got into. Did they smoke pot? Get into fights? Ever steal a car and take it for a joyride? At the time, Hagan, who has since become one of the most prominent experts on immigration and crime, wasn’t looking into the issue of immigration at all. His interest was in youth delinquency, and such school-based studies were dominant during this period. The site he chose for his research, however, was about to undergo a radical demographic transformation. When his U of T colleagues Ronit Dinovitzer, a professor of sociology and law, and Ron Levi, a professor of criminology, returned in 1999 to repeat the survey, the community had become what they call “a global edge city”—taking the name from Joel Garreau’s groundbreaking 1991 book, Edge City, about emerging suburban economic power centres—with a high proportion of visible minorities, mainly South Asian, black, Filipino, and Chinese. Of Dinovitzer and Levi’s 900 respondents, a full 66 percent were from immigrant, non-European backgrounds (up from 10 percent in the original group), and it was upon seeing this diversity that the researchers realized they had more than just a study on youth delinquency; they had ample evidence to examine the relationship between immigration and crime. In an office at U of T’s Centre of Criminology, overlooking the Ontario legislature in Queen’s Park, Dinovitzer and Levi explain their findings. The overall rate of what they called “youthful illegalities”—drinking, taking drugs, petty theft, vandalism, fighting, and so on—was significantly lower in the immigrant-rich 1999 cohort, and in both groups immigrant kids were less likely than their peers to engage in delinquent behaviour. Also, as Sampson had discovered, the disinclination to commit crime extended across all nationalities; it didn’t matter whether a teenager’s family was from India or Trinidad or China. Specific cultural values were not at play; nor could behaviour be chalked up to a given ethnic group’s parenting style (sorry, Tiger Moms) The walrus
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  4679. China won’t allow ByteDance to sell TikTok off Especially to an American company. Because It is the algorithms that make the company It’s not like the Chinese Central Government actually wants a Social Media App that they can’t control and regulate, or to be out there possibly with people giving their unfettered opinions on China anyways They already cracked down on Douyin the sister version of TikTok in China So it’s highly likely the Chinese Government will force ByteDance to have TikToc just leave the US market. Like their Government stated they would do 👇 A forced sale of TikTok in the US amounts to a downgrade of the app, as the Chinese government won’t approve the sale of its algorithms,” said Alex Capri, a research fellow at the Hinrich Foundation and a lecturer at the National University of Singapore’s Business School. “If TikTok is forced to stop operating in the US, ByteDance’s prospects in other mostly liberal democracies will come under further scrutiny,” he said. If the Chinese government won’t let ByteDance relinquish TikTok’s algorithm, it could block the sale outright. Alternatively, it may allow TikTok to be sold without the lucrative algorithm that forms the basis for its popularity. A US ban, or a less powerful version of TikTok,would be a windfall for YouTube, Google, Instagram and other TikTok competitors, as many of its customers may jump ship, Capri said. And it would be a major hit to the global ambitions of ByteDance. “It [a TikTok ban] would be the end of ByteDance’s global expansion, as it would be a sign that the Chinese state values the algorithm’s security more than ByteDance’s financial prosperity and global expansion,” said Richard Windsor, tech industry analyst and founder of Radio Free Mobile, a research company based in the US. “The implications are that the ideological struggle being fought in the technology industry will become more intense.” A ban on TikTok is also likely to accelerate a shift that is splitting the world’s tech landscape into two blocs, one centered on the US, the other embracing tech from China, according to Capri. CNN
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  4681. Flood the Chinese markets is what the USA and its allies should have done 6 years ago When China was importing 300 billion USD worth of semiconductors And when China had virtually no chips/chip making foundries So…… Instead of lowering prices and dumping even more chips on China Let’s cuts off chip and chip making equipment and think they can’t innovate When China leads the world in 37 of the 44 critical technologies of the future That is flawed western thinking that we apply to East Asians .that they will just give up…like we would That is a classic example of Dunning-Kruger … real or not there is differences in how we think 👇 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. * Meanwhile, other researchers are studying the subjective nature of self-assessment from other angles. For example, Steven Heine, PhD, a psychologist at the University of British Columbia, is showing that self-inflation tends to be more of a Western than a universal phenomenon. * 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. * 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. * 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. APA
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  4682. We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in The future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
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  4696.  @sethaldrich6902  You are delusional from what i understand the even tested a few swimmers hair… meaning they could tell how long the TMZ was in the swimmers systems Bottom line the Chinese self reported 👇 Chinese swimming scandal: a strong defence by world anti-doping body, but narrative of ‘cover-up’ remains Published: April 24, 2024 Given an investigation by the Chinese Ministry of Public Security found traces of the banned substance trimetazidine (TMZ) in a kitchen at the swimmers’ hotel, CHINADA ruled the positive tests were the result of accidental contamination. The Chinese swimmers were cleared without any public announcement. WADA says China’s national anti-doping agency kept them abreast of events throughout their extensive investigation, which took place during strict COVID lockdowns and was impacted by a local outbreak of the virus. Far from accepting CHINADA’s findings on the face of it, WADA requested the entire case file so it could conduct its own scientific and legal investigations – including speaking with the drug manufacturer to get the latest unpublished science on TMZ, and comparing the Chinese positive tests with TMZ cases in other countries, including the US. WADA ultimately determined there was no concrete evidence to “disprove” the possibility of environmental contamination. Here are a few reasons WADA gave as to why in its press conference this week: More than 200 swimmers competing in the Chinese National Championships were staying in at least two different hotels at the time. The swimmers who tested positive to non-performance-enhancing amounts of TMZ were all at one hotel. There were fluctuating negative and positive results for the swimmers that were tested on multiple occasions, which were not consistent with deliberate doping techniques, including microdosing. WADA found no evidence of misconduct or manipulation in the case file handed over by CHINADA. WADA says it reviews between 2,000 and 3,000 cases of suspected doping every year. It is not unusual for the body to file an appeal challenging anti-doping findings. For example, WADA challenged an Australian Football League decision to clear 34 members of the Essendon Football Club. It also appealed a decision by the world swimming body, FINA, to clear high-profile Chinese swimmer Sun Yang of wrongdoing for his conduct during a 2018 drug test. According to WADA’s general counsel, Ross Wenzel, the difference between these cases and the more recent allegations against the Chinese swimmers was that the body accepted the “no fault” finding in the latter case. In the earlier cases, it did not. He also said WADA received external legal advice that it would have had less than a 1% chance of winning an appeal in the TMZ case. According to WADA, everything was handled by the book, and if the body was faced with the same situation again, it would do nothing differently. The Conversation 👇
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  4700. Timeline of the South China Sea dispute * It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands * Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5] * Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5] 1876 – China makes its earliest documented claim to the Paracel Islands[citation needed] 1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests. 1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys 1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30] 1907 – China sends another naval force, this time to plan for resource exploitation.[28] 1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988. 1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested. The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28] The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38] 1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan. 1969 – A UN sponsored research team discovers oil under the sea floor of the island group. 1970 – China occupies Amphitrite Group of the Paracel Islands * In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status. 1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[ Wikipedia
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  4712. No he is right the Chinese Government started to crack down in real estate development in 2010 If they didn’t? right about now???? You would have people buying their 4th and 5th homes. While a few hundred million rural migrants still expected to migrate to the cities couldn’t afford a home in the cities they move to 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4713.  @luipaardprint  The writing was in the wall in 2010 when the Chinese Government cracked down on real estate/speculation 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4714.  @luipaardprint  the solution should be simple in China the last few years property developers went on a building spree in higher end homes So the people they owe homes. Can be given one of those higher end homes (although the home might not be in a city/province they like… but beats getting nothing back… on a risk they willingly took) The remaining homes can be sold at a discount to the few hundred million rural migrants still expected to move to the cities And the wealthy Chinese/sophisticated foreign investors who took the biggest hit these last few years (You invest more money into overheated market with Property Developers? They naturally do what they do best they build even more) Well they get back a few more pennies on their investment Cut off from money flow by the Chinese Central Government for over 12 years starting in 2010 Chinese Property Developers “Junk Bonds” they were flogging, these last few years suddenly started to become a hot commodity by “Sophisticated Foreign Investors” The general consensus was the Chinese Central Government would backstop these junk bonds I actually had a few old colleagues reach out to me for advice from back in my investment banking days.. Since they knew I had been researching China investments since the late 1980s My reply to them was “Not when their Government has cut off the money flow to these companies for over a decade” They did not listen….🤷 👇 A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Bloomberg) -- From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 billion in defaulted offshore bonds; $242 billion in assets; and a government that appeared determined to prop up the country’s faltering property market. So US and European hedge funds piled into the debt, envisioning big payouts to juice their returns. What they got instead over the course of the next two years is a harsh lesson in the dangers of trying to bargain with the Communist Party. The talks are now dead — a Hong Kong court has ordered Evergrande’s liquidation, and the bonds are nearly worthless, trading in secondary markets at just 1 cent on the dollar. Bloomberg
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  4718.  @charleshinton8565  The difference is this 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 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 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 Yet we are complaining who is capitalist/communist 👇 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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  4719.  @ws7001  What most people like you 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, smuggled in from South East Asia in their factories in China Or more and more automation in their wholly owned factories in China 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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  4726. What most people don’t get? Is it is 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 into the 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? They 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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  4730.  @calc1657  yea but it was China that saved Tesla from going under 5 years ago. No Amount of US support was going to fix production and EV market to sell into Until the Shanghai Gigafactory came online within a year. And Tesla got handed the largest EV market in the world I clearly remember because…. That’s when everyone was calculating their monthly cash burn rate Plus even in 2022 there were still production issues in the USA 👇 Tesla was 'about a month' from bankruptcy during key period, Musk says Model 3 ramp pushed the electric car maker to the limit Foxbusiness 👇 How Elon Musk Built a Tesla Factory in China in Less Than a Year Elon Musk presided over a ceremony at a new multibillion-dollar plant near Shanghai—its first outside the U.S.—where Tesla handed over the first China-made Model 3 sedans to the public Musk’s charm offensive in China has appeared to pay off. Originally just a muddy plot about a 90-minute drive away from Shanghai’s city center, the China plant has quickly come online since it broke ground at the start of 2019. It took twice as long for Tesla’s Gigafactory near Reno, Nevada to begin churning out batteries. Back in China, Tesla has been winning various concessions from local authorities ranging from approvals to preferential loans — all the more notable given the trade war with the U.S. Fortune 👇 Tesla Sends Shanghai Workers to California for Factory Boost Bloomberg 👇 Elon Musk Brings Tesla’s China Chief to Texas to Run Gigafactory Bloomberg News, Bloomberg News Dec 8, 2022
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  4749. 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4750. I would say you are wrong the subprime market was a bubble pop and crash The Chinese purposely deflated their bubble 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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4752.  @foreignmatador6770  Chinese economy is really number 1. If you use purchasing power parity Filipinos ain’t smart if they think the USA who has to borrow 1 trillion every 100 days will protect them ​​⁠ they have done war games/war scenarios over and over Arming the Philippines would just make it a target when the Chinese can produce 1000 cruise missiles everyday. That’s how they plan to win a war with the USA. Out produce the Americans 👇 The Pentagon Is Freaking Out About a Potential War With China (Because America might lose.) By MICHAEL HIRSH 06/09/2023 04:30 AM EDT The war began in the early morning hours with a massive bombardment — China’s version of “shock and awe.” Chinese planes and rockets swiftly destroyed most of Taiwan’s navy and air force as the People’s Liberation army and navy mounted a massive amphibious assault across the 100-mile Taiwan Strait. Having taken seriously President Joe Biden’s pledge to defend the island, Beijing also struck pre-emptively at U.S. and allied air bases and ships in the Indo-Pacific. The U.S. managed to even the odds for a time by deploying more sophisticated submarines as well as B-21 and B-2 stealth bombers to get inside China’s air defense zones, but Washington ran out of key munitions in a matter of days and saw its network access severed. The United States and its main ally, Japan, lost thousands of service members, dozens of ships, and hundreds of aircraft. Taiwan’s economy was devastated. And as a protracted siege ensued, the U.S. was much slower to rebuild, taking years to replace ships as it reckoned with how shriveled its industrial base had become compared to China’s. The Chinese “just ran rings around us,” said former Joint Chiefs Vice Chair Gen. John Hyten in one after-action report. “They knew exactly what we were going to do before we did it.” Dozens of versions of the above war-game scenario have been enacted over the last few years, most recently in April by the House Select Committee on competition with China. And while the ultimate outcome in these exercises is not always clear — the U.S. does better in some than others — the cost is. In every exercise the U.S. uses up all its long-range air-to-surface missiles in a few days, with a substantial portion of its planes destroyed on the ground. Politico
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  4757.  @forgettohaveaname2954  The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese people and Government 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 lowered prices even more, and dump even more chips on China Instead their idea was to force the hand of Chinese at the time content with cheap imported chips. Hope they could not innovate When China leads the world in 37 of the 44 critical technologies of the future 🙄 👇 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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  4758.  @bullpup1337  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 That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
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  4761.  @R0M8N  The Chinese had “virtually” no chip making ability/foundries 6 years ago thanks to the USA who did the job for the Chinese Government trying to get their people to use homegrown chips 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 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 China leads the world in 37 of the 44 critical technologies of the future 🙄 At one point China was importing 300 billion in chips a year Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year 👇 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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  4786.  @PelleGIT  I wouldn’t expect any EV company to be making money right now The Chinese are doing what they did in the Solar Panels to the world Only difference the competition is in China ….and this winner take all survival game is on steroids over there Do not mistakenly attribute our western thinking onto the way they think Their goal is clean, green, renewable etc future Nothing will change that 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
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  4787.  @PelleGIT  ​​⁠here in the west we hear only one Chinese EV company is making money right now? They will give up,because that is how we think and what we will do in that situation That’s the mistake we westerners make But the reality is that’s not how they think That is born out of study after study 👇 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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