Comments by "Twomix" (@twomix1822) on "China Update" channel.

  1. Pro-Beijing HK politicians: COVID cases rising… help? CCP: You are insufficiently loyal to the regime!
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  2. Watching your reports is like watching another episode of “How China’s economy went from hero to zero”.
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  3. I like Magnus’ analysis basically he is saying “the current CCP regime goes or the Chinese economy goes”.
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  4. The fact that "China will grow old before it grows rich" is becoming true after all.
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  5. Here comes the stock dump.
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  6. PRC is heading towards the same as 1990 Japan -- utter economic stagnation for the next decade or two.
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  7. Of course they blame the local government officials. All tragedy caused by the higher ups are blamed on the local government officials. The reality is in other provinces they are suffering too but you don't see the kind of mass angry reaction from Shanghai. Some has estimated the deaths from the lockdown maybe be around 100,000s+ compared to the relatively few deaths from COVID.
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  8. Yep still under 5000 COVID deaths but 10s of millions of untold “Zero COVID policy” related deaths. There are videos circulating on Twitter of a Da Bai telling a Chinese citizen if you can’t afford the cost of the mandatory COVID testing then you’ll be forever stuck in your home. That is the real China. While the cost of the COVID tests are relatively low it is a huge burden to Chinese citizens who have no income (due to being laid off , etc.) and they have to do it multiple times per week.
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  9. Lol not allowed to lower prices for property sales but allowed the state to purchase property for cheap. This is what they called “harvesting the leek”.
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  10. Winning the election with only one candidate. 🤣🤣🤣
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  11. The west has pretty much given up trying to liberalize, democratize and cooperate with PRChina. 40 years of appeasement to the CCP PRC regime has amounted to nothing. China prospered because of globalization but we are now entering an era of decoupling and deglobalization. Frankly economy wise China is finished — they are now facing rampant stagflation, demographic collapse and unsustainable levels of debt. Without the US buying stuff from China, the Chinese economy is doomed as local consumption of goods in China is cratering even faster than US consumption of goods from China. Some geopolitical analysts concluded that the PRC would cease to even be a sovereign state in about 10-15 years.
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  12. Let’s put it this way.. during the great famine of China in 1959 - 1962 people resorted to eating their own babies while Mao Zedong exported grains to Russia on the (wrong) assumption that those were surpluses. Once it became known that didn’t topple the CCP. Now that the Chinese have tasted a measure of wealth and good life I wonder if it will be different this time around. They can always leave their country permanently (which a lot of the wealthy Chinese did, by taking their skill and wealth with them). There is so much capital flight and emigration the CCP stopped issuing passports for fear of capital and brain drain. But I highly doubt there will be a mass armed revolt against the CCP. 🤔🤔🤔
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  13. Frankly without a political change in China, I don’t see how investors will want to invest their money in China ever again.
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  14. Many are especially pissed at Chinese encroachment and overfishing by Chinese industrial trawlers on traditional fishing grounds of FSM fishermen.
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  15. When the PRC government had to have a specialized task force to debunk bad economic news from western media outlet is when you know shit is really hitting the fan.
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  16. Everything the ccp does now is all about propaganda, obfuscation and global brainwashing because its prosperity model has failed.
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  17. I would take everything predicted by Goldman Sacks with a grain of salt. There are the ones who predicted that China would bypass US economy by 2525 in 2015. Goldman Sachs uses data to predict economic outcomes except the problem is China's economic data are mostly falsified.
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  18. Interesting topic to talk about tomorrow. Why was Hu Jintao unceremoniously escorted (I say kicked out) of the 20th NPC just before the final vote to proclaim Xi as Emperor Pooh for life ? Also Li Keqiang has been forced out too as premier and Li Qiang (huge Xi supporter) will replace him. Pretty much all the moderates are now out and replaced with Xi clique hardliners and ultranationalists. Note: Li Qiang was the guy who had a hand in the 2022 Shanghai COVID lockdown fiasco as he is the Shanghai party secretary.
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  19. Looks like China is falling apart piece by piece.
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  20. Ironically China invaded Vietnam before in 1979.
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  21. New form of human civilization? Is that euphemism for the return of slavery with CCP characteristics?
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  22. Each time the CCP engages in acts of "great benevolence" millions of Chinese people tends to perish...
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  23.  @gtw4546  I agree rapidly aging population NOT the contributing factor to increased authoritarianism. Basically what happened after the market liberalization years started by Deng (1990 - 2012) was private businesses and billionaire businessmen became a powerbase and institutions into itself that is not entirely under control of the CCP. Under Xi Jinping, he believes power must be solely concentrated into the hands of the party elites and princelings not business elites (like Hu Jintao or Jiang Jemin) hence the crackdowns at the expense of businesses. Xi calculated if the CCP continues to lose power to the business elites eventually the CCP regime could face demise. It's a calculated risk by Xi to roll back the influence of the business elites, concentrate on rebuilding state run enterprises and state capitalism to replace the business elites. It's basically a power struggle between the princelings (2nd generation red guards) and the business elites. Of course out of this the Chinese people/society are the collateral damage. It's also causing angst to foreign relations with western powers.
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  24. CCP mentality: Let's get ourselves out of this credit crunch hole by digging deeper holes. 🤣🤣🤣
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  25. Hahaha she is only there for the $$$.
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  26. Ironically, Li Keqiang’s (another CYL faction member was purged too) replacement was Li Qiang (Xi loyalist) who was the one in charge when the 2022 Shanghai COVID lockdown fiasco happened. Normally there is a gradual ascension of ranks from lowly bureacrat to politburo standing committee but Li Qiang went from party general secretary of Shanghai to politburo standing committee (massive promotion). I bet he pissed off a few people with that promotion. I guess personal loyalty to Xi really buys you a seat in the new Xi era. The false claim of China’s government are composed of meritocratic technocrats has finally been busted.
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  27.  @gtw4546  Yep if the US really wants the Middle East to go to hell all it needs to do is pull out the US fleet and watch a massive power vacuum happen in the Middle East overnight. Pirates and rogue states will jump on those tankers so fast most of the oil cargo will be lost to piracy. China can only be prosperous because of the world order provided by the US.
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  28. China: We oppose imperialism unless we or our allies are doing the conquering.
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  29. Let's put it simply: If you are a western investor still investing in China right now you deserve it when the regime confiscates all your money for "common prosperity". Autocracies are terrible places to put your money in because the regime CAN and WILL confiscate foreign investments and investors will be left without recourse like what Putin did last week. China is not much different from Russia, the PRC regime has no qualm about confiscating western investments.
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  30. It's all about keeping up the appearance of "growth" on paper in order to prop up the regime. The regime doesn't care if people becomes actually prosperous. They only care of the "appearance of prosperity". In a sense, China under the CCP is a hollowed out country. Pretty on the outside, rotten and hollowed out on the inside.
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  31. The only way to combat totalitarian regimes like the PRC is to project strength, confidence and aggressiveness.
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  32. Glad there is now stricter US inspections of Chinese ADRs. Many Chinese companies are kinda scammy in their financial reporting. Too many cooked books.
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  33. This is what the CCP does...they say nice things to the world but do bad things behind everyone's back when nobody is paying attention.
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  34. CCP: Let’s prop up the flagging economy with more waste spending and debt.
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  35. The PRC real estate industry isn't facing a liquidity crisis, it is facing an insolvency crisis -- huge difference there.
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  36. From what I am hearing people have stopped reporting for daily PCR test and some of the city officials no longer tries to enforce stringent measures as well (they're as exhausted as the locked down people themselves). It doesn't really mean omicron is really gone, but it merely means nobody is reporting any new cases out of fear. That's how China works. The whole zero covid debacle was a political test on how far the regime can push the Shanghainese and they realized people will now fight back if they are pushed far enough.
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  37. Yep typical CCP solution to everything. Our COVID cases were going down because we moved the sick people outside the city. 🤣🤣🤣
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  38. Last week I heard there are already 2,000+ cases in Xi’an and they suddenly stop updating the world of the cases in China. It’s interesting to know it’s spread now all the way to Beijing, Shanghai and Shenzhen.
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  39. If you are still investing in Chinese ADR stocks then you will probably deserve what's coming next. Get out while you can. Liquidate. Liquidate now.
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  40. A third term of Xi would pretty much ensure the PRC continues along its merry way to self isolation and economic implosion.
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  41. LOL ...typical Chinese excuse "We have made poor decisions in investments due to extreme arrogance and idiotic speculations but ultimately we blame foreigners (America)." 🤣🤣🤣
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  42.  @Leshic2  Yep most of the Samsung fab in China are the low end 20-30nn chips not the good high tech ones. China still cannot produce the cutting edge 10nn - 5nn chips that's why it is very reliant on US/Taiwan/Korean/Japanese chips. It's most advanced foundry SMIC can only reliably make 10nn (2 generations behind Taiwan's TSMC and Korea's Samsung which can make 7 and 5 nn chips and gearing up for 3nn in 2022). It isn't for lack of trying though, China is investing heavily on chip production and has blew massive amounts of money on it (over $300 billion dollars). However high end chip is very complicated business, it takes over 100+ steps to produce a cutting edge FinFET/MoSFET 5nn chip wafer. You also need to hire thousands materials engineer to do the work (it's a super labor intensive job). Also the US ban on exports of lithography machines to China has basically crippled China's ability to catch up.
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  43. Answer: You don’t own property in the PRC. You only lease property from the government on a 50/75 year term. You can own homes and apartments however. I would say sell and get your money out of the PRC. There is no riding this out as the low end commercial real estate will collapse sooner or later. The only ones profiting off real estate right now are the high end luxury apartments but even they are hedging their bets and selling their assets and converting them to dollar and hiding them overseas.
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  44. I agree "good" housing policy is selling affordable living spaces to the poor not build more empty luxury apartments.
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  45. I've read about that -- people were trading onions, potatoes and veggies as payments for their apartments. I guess the barter system is in again. How many cows, pigs, chickens and goats do I need for this 300 sq^m condo ?
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  46. Only JPMorgan and Blackrock is bullish on China. Everyone else is bearish. They are going to lose their shit.
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  47. PRC is finished. Get out while you can.
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  48. China are ungrateful to the US.
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  49. China's economic problems isn't COVID but deep structural problems. The COVID pandemic merely hasten the rot and collapse by a factor of 10. The scam will eventually end like it or not. Ironically it is US Wall Street that is intent on keeping it going but not even Wall Street can save it now.
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  50. They're now trying to promote "Xi thoughts" on the same standing as the classical Chinese philosophers and scholars like Confucius, Mencius, Zhuangzi and Laozi. Even some Chinese netizens are finding that to be too much and are making fun of Xi.
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