REAL WORLD EVENT DISCUSSIONS

China

POSTED BY: THG
UPDATED: Wednesday, October 23, 2024 14:11
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Wednesday, December 27, 2023 3:22 PM

THG


Russia wants to topple dollar dominance, but it isn't even able to deliver oil to India with alternative currencies

Payment issues have delayed shipments of Russian Sokol crude oil to Indian Oil Corp.
India prefers rupee payments, but Russia is unwilling to use the currency.
And the Rosneft unit selling the oil hasn't been able to open a bank account in the UAE to accept dirham payments.

https://www.msn.com/en-us/money/markets/russia-wants-to-topple-dollar-
dominance-but-it-isn-t-even-able-to-deliver-oil-to-india-with-alternative-currencies/ar-AA1m54ew?ocid=msedgntp&pc=HCTS&cvid=b58613ee45b247f896c97cf9b20c4dd8&ei=40




Too funny aye comrade signym. I guess the dollar will live another day.

T






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Thursday, December 28, 2023 3:16 AM

SIGNYM

I believe in solving problems, not sharing them.


India is notoriously corrupt when it comes to foreign companies. After China developed the cell phone mfgr infrastructure in India, India is trying to drive out companies like xiaomi and Huawei and take over their factories. Russia tried co-developing the then-PAK FA stealth jet, and India tried to steal the technology so Russia told them to piss off.

If India wants to continue making money by refining Russian oil and selling it to Europe, India is going to have to bend.

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Thursday, December 28, 2023 10:43 AM

THG


Quote:

Originally posted by SIGNYM:

India is notoriously corrupt when it comes to foreign companies. After China developed the cell phone mfgr infrastructure in India, India is trying to drive out companies like xiaomi and Huawei and take over their factories. Russia tried co-developing the then-PAK FA stealth jet, and India tried to steal the technology so Russia told them to piss off.

If India wants to continue making money by refining Russian oil and selling it to Europe, India is going to have to bend.

- SIGNYM




Foreign investors have snatched back nearly 90% of the money they put into Chinese stocks this year

Foreign investors have pulled about $29 billion out of Chinese stocks this year, according to the Financial Times.
That means net foreign investment in China-listed shares this year has dropped 87%.
The exodus arrives as China's economy has been battered by a property crisis and slow growth post-COVID.

https://www.msn.com/en-us/money/markets/foreign-investors-have-snatche
d-back-nearly-90-of-the-money-they-put-into-chinese-stocks-this-year/ar-AA1m9LK1?ocid=msedgdhp&pc=HCTS&cvid=e651c221415d406f92f539883e413c4f&ei=82




How many ways do I have to explain it to you?

T


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Thursday, December 28, 2023 2:49 PM

SIGNYM

I believe in solving problems, not sharing them.


Hey, you're posting to the "NOT a fan of China" club. I've posted over and over the many ways I think China has screwed up, and IMHO their biggest screwup is being cowardly, and their next biggest screwup is depending on the west for markets and investment and their third biggest screwup is being unable to take a loss now for gains in the future. There's a reason they're called "Jews of the east" for their sharp business practices.

So I'm perfectly happy to see China in the doghouse AFA the west is concerned. Maybe they'll develop some spine and not be such sniveling cowards. They're always going on about win- win but they haven't yet figured out that the western approach is zero-sum? That's just stupid.

But however they've screwed up their finances, their oil imports don't reflect an economy that's declining. So let's see what happens to their economy. I expect a slowdown in growth next year but not an outright contraction. Time will tell.

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Friday, December 29, 2023 9:48 AM

THG


China's share of the global economy is falling by the most since Mao Zedong, and the historic turn could 'reorder the world'

China's share of world GDP is on pace to shrink 1.4 percentage points over two years, Ruchir Sharma wrote in the Financial Times.
It's the largest decline since the 1960s and 1970s, when Mao Zedong oversaw a weak economy.
"In a historic turn, China's rise as an economic superpower is reversing," Sharma said.

https://www.msn.com/en-us/money/markets/china-s-share-of-the-global-ec
onomy-is-falling-by-the-most-since-mao-zedong-and-the-historic-turn-could-reorder-the-world/ar-AA1kpDoi?ocid=msedgntp&pc=HCTS&cvid=906bea666d5c4bdb85a441c7c5974c17&ei=20




T

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Friday, December 29, 2023 9:58 AM

THG



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Friday, December 29, 2023 10:00 AM

THG


China is going under in a big way. You posted a
video that says they are not. You've been forced by my posts to
shift your opinion.

T


Quote:

Originally posted by SIGNYM: Friday, October 28, 2022 11:41 PM


SIGNYM

Here SIX, I thought you might find this interesting.



-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake



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Saturday, December 30, 2023 12:15 PM

SIGNYM

I believe in solving problems, not sharing them.


And here is China, still trying to find places for all of that excess productive capacity.
The problem is, who is going to protect these cities from US attack? Iraq? Hardly.

Quote:

China & Iraq Begin Construction Of New City Near Baghdad

On Friday Iraq broke ground on 30,000 housing units near Baghdad, as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq, Bloomberg has reported.

The government of Prime Minister Mohammad Shia al-Sudani is seeking to build 250,000 to 300,000 housing units for poor and middle-class families. The new city on the outskirts of Baghdad will include universities, commercial centers, schools and health centers and should be completed in four to five years.
Aerial view of Baghdad, via Reuters

Contracts to build the housing units were awarded to East China Engineering Science and Technology Co., Ltd. and China National Chemical Engineering Co., Ltd along with their Iraqi partner Shams al-Binaa.

Contracts to build four more cities are expected to be awarded soon and another 10 will be announced next year, including in Karbala, Anbar, Nineveh and Babel governorates.

Chinese firms have increased their presence in Iraq in recent years, in part due to a deal between Baghdad and Beijing.

In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.


https://new.thecradle.co/articles/china-iraq-begin-construction-of-new
-city-near-baghdad


-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Saturday, December 30, 2023 6:32 PM

THG


China’s Massive Belt and Road Initiative

China’s colossal infrastructure investments may usher in a new era of trade and growth for economies in Asia and beyond. But skeptics worry that China is laying a debt trap for borrowing governments.

Summary
The Belt and Road Initiative is a massive China-led infrastructure project that aims to stretch around the globe.

Some analysts see the project as a disturbing expansion of Chinese power, and the United States has struggled to offer a competing vision.

The initiative has stoked opposition in some Belt and Road countries that have experienced debt crises.



China keeps trying but the more they do the worse it gets for them. The countries they sucker can't pay back the loans. Have you learned nothing comrade from what I've been posting?

Too funny...

T


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Saturday, December 30, 2023 6:36 PM

THG


Quote:

Originally posted by 1kiki:

That's what happens when you outsource critical industries in the name of profit.



T



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Saturday, December 30, 2023 6:51 PM

THG


Quote:

Originally posted by SIGNYM:

And here is China, still trying to find places for all of that excess productive capacity.
The problem is, who is going to protect these cities from US attack? Iraq? Hardly.

Quote:

China & Iraq Begin Construction Of New City Near Baghdad

On Friday Iraq broke ground on 30,000 housing units near Baghdad, as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq, Bloomberg has reported.

The government of Prime Minister Mohammad Shia al-Sudani is seeking to build 250,000 to 300,000 housing units for poor and middle-class families. The new city on the outskirts of Baghdad will include universities, commercial centers, schools and health centers and should be completed in four to five years.
Aerial view of Baghdad, via Reuters

Contracts to build the housing units were awarded to East China Engineering Science and Technology Co., Ltd. and China National Chemical Engineering Co., Ltd along with their Iraqi partner Shams al-Binaa.

Contracts to build four more cities are expected to be awarded soon and another 10 will be announced next year, including in Karbala, Anbar, Nineveh and Babel governorates.

Chinese firms have increased their presence in Iraq in recent years, in part due to a deal between Baghdad and Beijing.

In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.


https://new.thecradle.co/articles/china-iraq-begin-construction-of-new
-city-near-baghdad


SIGNYM






T

Why China’s Belt and Road Initiative is Failing

China's Belt and Road Initiative was supposed to be the centrepiece of its foreign policy, but as many countries are failing to repay their loans, is it actually succeeding? So in this video, we take a look at the BRI and what Xi Jinping might do next.



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Sunday, December 31, 2023 11:03 AM

THG


Quote:

Originally posted by THG: Saturday, June 5, 2021 9:15 AM


THG

China to 'welcome the Taliban back' in bid to extend Belt and Road into Afghanistan

China plans to link Afghanistan to the Belt and Road Initiative as the withdrawal of NATO forces from the country clears the way for Beijing’s return to one of the ancient Silk Road nations.

https://www.msn.com/en-us/news/world/china-to-welcome-the-taliban-back
-in-bid-to-extend-belt-and-road-into-afghanistan/ar-AAKJErZ?ocid=msedgntp





China is said to have a long term strategy but without friends it will fail. So far they've pissed off all their neighbors and many other countries around the globe. They've tipped their hand and exposed what their long term strategy is, and it isn't good for anyone. It's been amazing to see how stupidly they've used aggression against everyone, even Russia. This is not a winning strategy.

It shows a complete lack of understanding of how to use diplomacy to further their policies. In other words; they have no experience doing so. This applies to their military as well.

They have no experience waging a battle much less a war. And since each branch of their military must go through the central government to get instructions, they lack the capability of launching a multiprong attack that isn't planned out well in advance. In other words, successfully using a 3 dimensional approach to fighting.

I'm still waiting on a typhoon to wipe out their manufactured islands.

tick tock





T


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Sunday, December 31, 2023 11:04 AM

THG

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Sunday, December 31, 2023 11:21 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two


Quote:

Originally posted by THG:
I'm still waiting on a typhoon to wipe out their manufactured islands.

tick tock





T


China's Nine-Dash Line in the South China Sea is absurd, except for China, which asserts that its sovereignty and rights in the South China Sea date back to “ancient times.” I'm pretty sure China knows its assertions are silly, but it pretends otherwise, getting incensed when its nonsense is pointed out.

https://chinaus-icas.org/research/map-spotlight-nine-dash-line/



The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Monday, January 1, 2024 3:42 PM

THG


Xi Jinping Makes Admission about China's Economic Struggles in New Year's Speech

Chinese President Xi Jinping, in his New Year's Eve speech, addressed the economic challenges currently facing China. This year's address marked a departure from his previous New Year messages since 2013, as it was the first time Xi openly discussed the nation's economic struggles.

China, the world's second-largest economy, is encountering significant hurdles, including a structural slowdown characterized by weak demand, rising unemployment, and declining business confidence.

https://www.msn.com/en-us/news/world/xi-jinping-makes-admission-about-
china-s-economic-struggles-in-new-year-s-speech/ar-AA1mjx5G?ocid=msedgntp&cvid=5ce73a818e2e45acb648eac2c00363ec&ei=155




T

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Tuesday, January 2, 2024 1:19 PM

THG


Poor Xi, poor China. The world's bullies are falling apart.

T


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Tuesday, January 2, 2024 1:27 PM

THG


Quote:

Originally posted by JAYNEZTOWN:

THG your obsession with Trump and eating and vomiting stuff from Zeihan's anus makes you seem like a mental patient

Do you even watch the vids, look at what you post

So you still think Peter Zeihan knows all, and you parrot and keep spamming his BS, he knows all the Gay Lesbo bars and nightclubs on Earth, the expert geopolitical ANAL-yst and once in a while a Spook type gives him some numbers to swallow up and spit out

WTF you are still posting that degenerate homosexual with his Spook propaganda nonsense? Do you even watch those Yellow Peril stuff or that spooky George Friedman any of his Fu-Manchu vids?

Pay up your Reparations!
Listen and repeat the religion slogans of Austin-based Stratfor
Blame the Alt-Reich

Sam Brinton, the transexual diversity hire Open Border ass bandits like Pete Buttigieg are doing such a good job!

and because any second now, any week Chicom is collapsing

and Japan must be RAYCISS also?

Quote:

Originally posted by THG:


Don't Be Surprised by China's Collapse




THG, you keep spamming these vids but more importantly ...fuckedup your pink font






I can fix the font but I'm afraid nobody can fix you.

T


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Tuesday, January 2, 2024 1:29 PM

THG


Quote:

Originally posted by SIGNYM:

And here is China, still trying to find places for all of that excess productive capacity.
SIGNYM




What Happened: China’s National Bureau of Statistics released official private sector activity readings for December on Sunday, revealing a worse-than-expected contraction in the manufacturing sector. The non-manufacturing sector barely expanded, with the corresponding purchasing managers’ index at 50.4, up from 50.2 in November.

https://www.msn.com/en-us/money/markets/el-erian-warns-merely-adding-f
uel-to-china-s-tired-growth-engine-won-t-bring-durable-prosperity-needs-deeper-reform/ar-AA1mlkbC?ocid=msedgntp&cvid=933b97d278154dc387704b869fd6b642&ei=92




Always wrong is wrong again.

Too funny...

T


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Tuesday, January 2, 2024 3:44 PM

SIGNYM

I believe in solving problems, not sharing them.



Quote:

Originally posted by SIGNYM:

And here is China, still trying to find places for all of that excess productive capacity.


THUGR:
Quote:

What Happened: China’s National Bureau of Statistics released official private sector activity readings for December on Sunday, revealing a worse-than-expected contraction in the manufacturing sector. The non-manufacturing sector barely expanded, with the corresponding purchasing managers’ index at 50.4, up from 50.2 in November.

https://www.msn.com/en-us/money/markets/el-erian-warns-merely-adding-f
uel-to-china-s-tired-growth-engine-won-t-bring-durable-prosperity-needs-deeper-reform/ar-AA1mlkbC?ocid=msedgntp&cvid=933b97d278154dc387704b869fd6b642&ei=92




Always wrong is wrong again.

Too funny...



How is that wrong? China's Belt and Road - essentially a foreign infrastructure project- is supposed to take the place of western markets, internal infrastructure, housing speculative boom (ghost cities). A lot of people left their small rural farms and moved to the cities, and China is desperate to find jobs for everyone bc, unlike most western nations, China doesn't have a "safety net". Joblessness leads to restlessness and disruption.

I think China's leadership is stupid. Not for their ultimate goals ... a productive society and increased standard of living for everyone ... but for the way they go about it. They jump into Big Projects... the Three Gorges Dam, instant industrialization, BRI, dislocating people from their small farms to raise the standard of living, housing projects, etc. without seeing if it will work first, or having a fallback plan in case it doesn't.

China has made a lot of progress but they've made a lot of mistakes. They take unnecessary risks with things that are entirely under their control, but wimp out when it comes to foreign relations.



-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Tuesday, January 2, 2024 6:05 PM

THG


Quote:

Originally posted by SIGNYM:

Quote:

Originally posted by SIGNYM:

And here is China, still trying to find places for all of that excess productive capacity.

THUGR:
Quote:

What Happened: China’s National Bureau of Statistics released official private sector activity readings for December on Sunday, revealing a worse-than-expected contraction in the manufacturing sector. The non-manufacturing sector barely expanded, with the corresponding purchasing managers’ index at 50.4, up from 50.2 in November.

https://www.msn.com/en-us/money/markets/el-erian-warns-merely-adding-f
uel-to-china-s-tired-growth-engine-won-t-bring-durable-prosperity-needs-deeper-reform/ar-AA1mlkbC?ocid=msedgntp&cvid=933b97d278154dc387704b869fd6b642&ei=92




Always wrong is wrong again.

Too funny...



How is that wrong? China's Belt and Road - essentially a foreign infrastructure project- is supposed to take the place of western markets, internal infrastructure, housing speculative boom (ghost cities). A lot of people left their small rural farms and moved to the cities, and China is desperate to find jobs for everyone bc, unlike most western nations, China doesn't have a "safety net". Joblessness leads to restlessness and disruption.

I think China's leadership is stupid. Not for their ultimate goals ... a productive society and increased standard of living for everyone ... but for the way they go about it. They jump into Big Projects... the Three Gorges Dam, instant industrialization, BRI, dislocating people from their small farms to raise the standard of living, housing projects, etc. without seeing if it will work first, or having a fallback plan in case it doesn't.

China has made a lot of progress but they've made a lot of mistakes. They take unnecessary risks with things that are entirely under their control, but wimp out when it comes to foreign relations.

SIGNYM






What you wrote implies a falsehood.
China has no excess of manufacturing to worry about.
What I posted came directly from
China’s National Bureau of Statistics.
And it states very clearly, China is suffering
a worse-than-expected contraction in the
manufacturing sector.

And there belt and road initiative
is failing miserably. The Chinese economy
is stating to free fall towards a total collapse.
Just like Russian comrade.

T


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Tuesday, January 2, 2024 8:40 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

Originally posted by SIGNYM:

And here is China, still trying to find places for all of that excess productive capacity.

THUGR:
Quote:

What Happened: China’s National Bureau of Statistics released official private sector activity readings for December on Sunday, revealing a worse-than-expected contraction in the manufacturing sector. The non-manufacturing sector barely expanded, with the corresponding purchasing managers’ index at 50.4, up from 50.2 in November.

https://www.msn.com/en-us/money/markets/el-erian-warns-merely-adding-f
uel-to-china-s-tired-growth-engine-won-t-bring-durable-prosperity-needs-deeper-reform/ar-AA1mlkbC?ocid=msedgntp&cvid=933b97d278154dc387704b869fd6b642&ei=92




Always wrong is wrong again.

Too funny...

SIGNYM: How is that wrong? China's Belt and Road - essentially a foreign infrastructure project- is supposed to take the place of western markets, internal infrastructure, housing speculative boom (ghost cities). A lot of people left their small rural farms and moved to the cities, and China is desperate to find jobs for everyone bc, unlike most western nations, China doesn't have a "safety net". Joblessness leads to restlessness and disruption.

I think China's leadership is stupid. Not for their ultimate goals ... a productive society and increased standard of living for everyone ... but for the way they go about it. They jump into Big Projects... the Three Gorges Dam, instant industrialization, BRI, dislocating people from their small farms to raise the standard of living, housing projects, etc. without seeing if it will work first, or having a fallback plan in case it doesn't.

China has made a lot of progress but they've made a lot of mistakes. They take unnecessary risks with things that are entirely under their control, but wimp out when it comes to foreign relations.

THUGR: What you wrote implies a falsehood.
China has no excess of manufacturing to worry about.
What I posted came directly from
China’s National Bureau of Statistics.
And it states very clearly, China is suffering
a worse-than-expected contraction in the
manufacturing sector.

And there belt and road initiative
is failing miserably. The Chinese economy
is stating to free fall towards a total collapse.
Just like Russian comrade.



OMFG I can't believe anyone is your level of stupid.


OUTPUT can go up and down depending on demand.
But the FACTORIES are still there.
The PEOPLE are still there.
The CAPACITY is still there.
Scroll up. I specifically referred to capacity.
CAPACITY has been partly idled from lack of demand.

China wants to see it's factories running at capacity and its people fully employed. Working as I did with a pretty international set, I could ask a colleague of mine, who would go to China as part of a Christian missionary program, how things were in the cities and the hinterland.

I will pass along a story he told me.

When asked how many people it would take to run a western -constructed factory, the western manager said "100". Chinese officials countered with "Then you will hire 300". Even if it meant trimming the lawn with hand shears.

China really REALLY wants to keep its people busy and raise the standard of living.




-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Friday, January 5, 2024 6:58 PM

THG


China-U.S. cooperation 'no longer an option ... but an imperative' - Wang Yi

BEIJING (Reuters) -Chinese Foreign Minister Wang Yi said on Friday the most urgent task for Sino-U.S. relations is to establish a correct understanding and cooperation between the two sides, stressing it is "no longer an option ... but an imperative" for the world.

Cooperation is the "most correct choice for China and the United States to get along", Wang said in a keynote speech at an event to mark the 45th anniversary of the establishment of diplomatic relations between China and the U.S.

"It can be said that China-U.S. cooperation is no longer an option for the two countries and even for the world, but an imperative that must be seriously addressed," Wang said.

Relations between the United States and China have been tense over a range of issues, including national security, global conflicts, trade curbs, climate change and Taiwan.

The diplomatic rift deepened last year as both accused each other of flying high-altitude balloons in their respective air spaces.

This past week, the two superpowers held competing military drills in the South China Sea as run-ins intensify in the region over disputed territory.

Wang said China hopes the U.S. will relax its mindset and "in an attitude of equality and inclusiveness" respect the choices made by the Chinese people and China's development path, including when defending its national sovereignty and territorial integrity.

"We are willing to commit ourselves to building a stable, healthy and sustainable China-U.S. relationship on the basis of mutual respect," he said.

Wang also said China's development and revitalisation has a "strong endogenous momentum", which he said meant that China will assume greater responsibility for the world's peace and development.

"We have no intention of replacing anyone, overriding anyone, and have no intention of seeking hegemony," he added.

The U.S. and its allies have often said they are concerned about an increasing alignment between China and Russia.

China's top diplomat travelled to the United States recently as both countries sought to manage their differences to avoid conflict.

https://www.msn.com/en-us/news/world/china-u-s-cooperation-no-longer-a
n-option-but-an-imperative-wang-yi/ar-AA1mvCGS?ocid=msedgdhp&pc=EDGEXST&cvid=019789832e0c40d5b726a2db36cfba70&ei=25




Reading this I thought, China, stop bulling everyone. It shows the world you can't be trusted. Same with business. Now that the world has other countries to turn to for cheap labor they are choosing to do so because of the way they've been treated.

T


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Saturday, January 6, 2024 12:04 AM

SIGNYM

I believe in solving problems, not sharing them.


Reality check for you THUGR:

How many nations has China invaded?
How many foreign elections has China determined?
How many foreign regime change operations has China completed?
How many nations has China sanctioned?

And, before you answer "Taiwan" to any of these questions, Taiwan is part of China, just as much as Texas is part of the USA.

I'll provide you with specific examples of China "bullying" nations later, if you bump this thread as a reminder.

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Saturday, January 6, 2024 11:11 AM

THG


Quote:

Originally posted by SIGNYM:
Reality check for you THUGR:

How many nations has China invaded?
How many foreign elections has China determined?
How many foreign regime change operations has China completed?
How many nations has China sanctioned?

And, before you answer "Taiwan" to any of these questions, Taiwan is part of China, just as much as Texas is part of the USA.

I'll provide you with specific examples of China "bullying" nations later, if you bump this thread as a reminder.

- SIGNYM






China bullying was what I posted about. Here is some evidence that I am correct. Your response to me shows you are clueless. Exactly as I've been saying. I am talking about China going under and some of the reasons why.

T



OPINION
THOMAS L. FRIEDMAN

China’s Bullying Is Becoming a Danger to the World and Itself

Ever since Deng Xiaoping opened China to the world in the late 1970s, many in the West wanted to see the country succeed, because we thought China — despite its brutal authoritarian political structure — was on a path to a more open economy and society. Alas, President Xi Jinping has reversed steps in that direction in ways that could pose a real danger to China’s future development and a real danger to the rest of the world.

Everything Xi is doing today is eroding trust among Chinese and foreign entrepreneurs about what the rules of business are now inside China, while at the same time eroding trust abroad that China — having swallowed Hong Kong — won’t soon move on Taiwan, which could trigger a direct conflict with the U.S.

While I don’t want Xi’s hard-line strategy to succeed — that would pose a danger to every free country and economy in the Pacific — I also don’t want China to fail or fracture. We’re talking about a country of 1.4 billion people whose destabilization would affect everything from the air you breathe to the cost of your shoes to the interest rate for the mortgage on your house. It’s a real dilemma. Alas, though, I don’t think Xi realizes just how much uncertainty his recent behavior has injected — inside and outside China.

https://www.nytimes.com/2021/10/19/opinion/china-microchips.html

How China’s bullying could backfire

Humiliating those who defy it does not make them love China’s government

Dec 5th 2020

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China bullies other countries because it works. Once told that they have crossed a “red line” by harming China’s interests or calling out its misdeeds, many governments crumble swiftly. Others fold after suffering months of threats, trade boycotts and cancelled official meetings. But in China’s long experience, almost all—even sometimes America—climb down eventually, sending envoys to sue for peace. True, some Western leaders pay public lip-service to their own country’s values as they land in far-off Beijing. Once the press is shooed from the room, however, the foreign visitors get down to dealmaking. They bow to China’s mix of market power, geopolitical importance and ruthlessness.

Lately, bullying others into furtive submission has not been enough for Communist Party chiefs. Increasingly, they seem bent on humiliating countries that show defiance, notably small or mid-sized allies of America. Just now, it is Australia’s turn for punishment. Its transgressions include taking a lead among American allies in banning the use of 5g network equipment from Huawei, a Chinese telecommunications giant, and calling for an independent probe into the origins of covid-19. China has imposed hefty tariffs on Australian wine and blocked imports of everything from coal to lobsters. In November Chinese diplomats made public a list of 14 ways in which Australia was “poisoning bilateral relations”. The charge-sheet rebuked Australia for allowing news outlets, members of parliament and think-tanks to criticise China. Late last month China’s foreign ministry pounced on an Australian government report into unlawful, brutal killings of prisoners and civilians in Afghanistan by Australian troops. Zhao Lijian, a ministry spokesman and licensed provocateur on social media, said the report exposed the hypocrisy of Western concerns about human rights. On November 30th Mr Zhao tweeted a crude photo-montage made to look like an Australian soldier slitting an Afghan child’s throat. Mr Zhao demanded that troops be held accountable—serenely ignoring the fact that Australia’s inquiry had already recommended that 19 soldiers face criminal investigation.

https://www.economist.com/china/2020/12/05/how-chinas-bullying-could-b
ackfire





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Saturday, January 6, 2024 1:09 PM

THG


T


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Saturday, January 6, 2024 2:42 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

Everything Xi is doing today is eroding trust among Chinese and foreign entrepreneurs about what the rules of business are now inside China, while at the same time eroding trust abroad that China — having swallowed Hong Kong — won’t soon move on Taiwan, which could trigger a direct conflict with the U.S.


China doesn't need foreign entrepreneurs anymore, having built up its industry. What it needs are customers.

It doesn't want to create internal oligarchs either.

Hong Kong and Taiwan ARE PART OF CHINA, as much as New York city and Texas are part if the USA. Writing about China "swallowing" Hong Kong is like writing about the USA "swallowing NYC" and writing about China "moving on" Taiwan is like writing about the USA "moving on" Texas.

That first paragraph alone tell me that Friedman is either an IDIOT or a LIAR.


Australian sanctions on China began in 2018

Quote:

The scandal resulted in Australia initiating a foreign agent register and a ban on foreign political donations.[6]

In 2018, Australia banned Chinese telecommunications companies Huawei and ZTE from providing 5G technology for new networks, citing security concerns


https://en.m.wikipedia.org/wiki/Australia%E2%80%93China_trade_war

Trade relations certainly didn't improve with the signing of AUKUS in 2021, and Australia's agreement to essentially host American nuclear subs.

https://www.defense.gov/Spotlights/AUKUS/

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Saturday, January 6, 2024 2:55 PM

THG


Quote:

Originally posted by SIGNYM:
Quote:


Everything Xi is doing today is eroding trust among Chinese and foreign entrepreneurs about what the rules of business are now inside China, while at the same time eroding trust abroad that China — having swallowed Hong Kong — won’t soon move on Taiwan, which could trigger a direct conflict with the U.S.



China doesn't need foreign entrepreneurs anymore, having built up its industry. What it needs are customers.

It doesn't want to create internal oligarchs either.

Hong Kong and Taiwan ARE PART OF CHINA, as much as New York city and Texas are part if the USA. Writing about China "swallowing" Hong Kong is like writing about the USA "swallowing NYC" and writing about China "moving on" Taiwan is like writing about the USA "moving on" Texas.

That first paragraph alone tell me that Friedman is either an IDIOT or a LIAR.


SIGNYM







Watch the video moron. I'll answer your post with this. China's work force is too small. Remember all the years of their one child policy. Most of its population is old. Thats only one of its problems. Watch the video. Then tell me what you disagree with. All I see you posting are word salads. Clueless word salads.

If you watch the video, you will learn how China cannot project its navy much further out than Tiawan. So, if they invade Tiawan, because they import 80% or more of everything they need, food and energy to name two things, we will set up an embargo where China cannot reach blocked goods from getting in. China will quickly collapse.

T


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Saturday, January 6, 2024 5:35 PM

SIGNYM

I believe in solving problems, not sharing them.



Quote:

THUGR: Everything Xi is doing today is eroding trust among Chinese and foreign entrepreneurs about what the rules of business are now inside China, while at the same time eroding trust abroad that China — having swallowed Hong Kong — won’t soon move on Taiwan, which could trigger a direct conflict with the U.S.

SIGNY: China doesn't need foreign entrepreneurs anymore, having built up its industry. What it needs are customers.

It doesn't want to create internal oligarchs either.

Hong Kong and Taiwan ARE PART OF CHINA, as much as New York city and Texas are part if the USA. Writing about China "swallowing" Hong Kong is like writing about the USA "swallowing NYC" and writing about China "moving on" Taiwan is like writing about the USA "moving on" Texas.

That first paragraph alone tell me that Friedman is either an IDIOT or a LIAR.

THUGR: Watch the video moron. I'll answer your post with this. China's work force is too small.


And yet, "they say":that China has an unemployment problem. That means no matter how small China's population, they still have excess labor pool. Seems like "they" can't make up their minds how to criticize China!


Quote:

THUGR: Remember all the years of their one child policy. Most of its population is old. Thats only one of its problems. Watch the video. Then tell me what you disagree with. All I see you posting are word salads. Clueless word salads.
I consider your sources to be posting word garbage.

Quote:

If you watch the video, you will learn how China cannot project its navy much further out than Tiawan. So, if they invade Tiawan, because they import 80% or more of everything they need, food and energy to name two things, we will set up an embargo where China cannot reach blocking goods from getting in. China will quickly collapse.


CHINA CAN'T "INVADE" TAIWAN, NUMBSKULL! TAIWAN IS NOT A NATION, IT IS PART OF CHINA! THAT WOULD BE LIKE SAYING THE USA "INVADED" TEXAS. BOTH YOU AND YOUR "SOURCES" PERSIST WITH THIS DELUSION. PLEASE NEVER REFER TO THIS AGAIN!

AFA "blockading" China to punish this non-existent "invasion" you keep yapping about ... China is working very hard to establish invulnerable or less vulnerable trade routes. That is why China has established and is establishing overland trade with Russia, Iran etc.

You haven't yet provided an example of China invading and occupying another nation, overthrowing a government, or bullying neighbors. There are examples, you just don't know about them bc you're focused on fake issues.



-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Sunday, January 7, 2024 6:30 AM

THG


Frank Zappa famously said, “You can't be a real country unless you have a beer and an airline.” Well, Taiwan has both of those — plus its own government, a president, its own currency, economy, and military, and it holds free and democratic elections. Zappa would surely approve.

Taiwan claims it is independent. America only recognizes that China staked claim to the island. Not that America agrees that China has a right to Taiwan.

T


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Sunday, January 7, 2024 6:42 AM

THG


Always wrong signym is still, always wrong. Watch the video.

And I see she is confusing my post with her own again. Troll...the first quote is entirely hers not mine. So I fixed it.

According to the World Economic forum comrade...

T


China needs 11.8m workers.

The seventh national population census of the People’s Republic of China suggests a potential Chinese labour force gap for the next decade and beyond. In fact, we calculate the projected annual labour force gap to be around 11.8 million.

The Seventh National Population Census of China suggests demographic and educational gaps in the country's labour force in the next 10 years and beyond;

The demographic gap may prompt China to delay retirement age and reform immigration policies;

The educational gap may force China to strengthen vocational training and encourage skilled immigrants in a new model of China's opening-up strategy.

https://www.weforum.org/agenda/2021/07/how-to-fix-china-labour-shortag
e
/

Quote:

Originally posted by SIGNYM:

Quote:

signym: Everything Xi is doing today is eroding trust among Chinese and foreign entrepreneurs about what the rules of business are now inside China, while at the same time eroding trust abroad that China — having swallowed Hong Kong — won’t soon move on Taiwan, which could trigger a direct conflict with the U.S.

SIGNY: China doesn't need foreign entrepreneurs anymore, having built up its industry. What it needs are customers.

It doesn't want to create internal oligarchs either.

Hong Kong and Taiwan ARE PART OF CHINA, as much as New York city and Texas are part if the USA. Writing about China "swallowing" Hong Kong is like writing about the USA "swallowing NYC" and writing about China "moving on" Taiwan is like writing about the USA "moving on" Texas.

That first paragraph alone tell me that Friedman is either an IDIOT or a LIAR.

THUGR: Watch the video moron. I'll answer your post with this. China's work force is too small.


And yet, "they say":that China has an unemployment problem. That means no matter how small China's population, they still have excess labor pool. Seems like "they" can't make up their minds how to criticize China!


Quote:

THUGR: Remember all the years of their one child policy. Most of its population is old. Thats only one of its problems. Watch the video. Then tell me what you disagree with. All I see you posting are word salads. Clueless word salads.
I consider your sources to be posting word garbage.

Quote:

If you watch the video, you will learn how China cannot project its navy much further out than Tiawan. So, if they invade Tiawan, because they import 80% or more of everything they need, food and energy to name two things, we will set up an embargo where China cannot reach blocking goods from getting in. China will quickly collapse.


CHINA CAN'T "INVADE" TAIWAN, NUMBSKULL! TAIWAN IS NOT A NATION, IT IS PART OF CHINA! THAT WOULD BE LIKE SAYING THE USA "INVADED" TEXAS. BOTH YOU AND YOUR "SOURCES" PERSIST WITH THIS DELUSION. PLEASE NEVER REFER TO THIS AGAIN!

AFA "blockading" China to punish this non-existent "invasion" you keep yapping about ... China is working very hard to establish invulnerable or less vulnerable trade routes. That is why China has established and is establishing overland trade with Russia, Iran etc.

You haven't yet provided an example of China invading and occupying another nation, overthrowing a government, or bullying neighbors. There are examples, you just don't know about them bc you're focused on fake issues.



-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM








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Sunday, January 7, 2024 1:16 PM

THG


Quote:

Originally posted by SIGNYM:

Quote:

Everything Xi is doing today is eroding trust among Chinese and foreign entrepreneurs about what the rules of business are now inside China, while at the same time eroding trust abroad that China — having swallowed Hong Kong — won’t soon move on Taiwan, which could trigger a direct conflict with the U.S.


China doesn't need foreign entrepreneurs anymore, having built up its industry. What it needs are customers.

It doesn't want to create internal oligarchs either.

Hong Kong and Taiwan ARE PART OF CHINA, as much as New York city and Texas are part if the USA. Writing about China "swallowing" Hong Kong is like writing about the USA "swallowing NYC" and writing about China "moving on" Taiwan is like writing about the USA "moving on" Texas.

That first paragraph alone tell me that Friedman is either an IDIOT or a LIAR.


Australian sanctions on China began in 2018

Quote:

The scandal resulted in Australia initiating a foreign agent register and a ban on foreign political donations.[6]

In 2018, Australia banned Chinese telecommunications companies Huawei and ZTE from providing 5G technology for new networks, citing security concerns


https://en.m.wikipedia.org/wiki/Australia%E2%80%93China_trade_war

Trade relations certainly didn't improve with the signing of AUKUS in 2021, and Australia's agreement to essentially host American nuclear subs.

https://www.defense.gov/Spotlights/AUKUS/

SIGNYM




Unveiling the True Scale of Debt

China’s debt crisis continues to escalateLi Daokui’s assessment paints a worrying picture of economic health. By 2020, local authorities had amassed an estimated 90 trillion yuan ($12.6 trillion) in debt, predominantly spent on infrastructure projects unlikely to yield sufficient revenues for debt servicing. This alarming figure, representing 88% of China’s GDP, poses a significant challenge for national authorities. Without a major shift in economic policy, China risks following Japan into a period of prolonged economic stagnation.

The debt accumulated by China’s local governments is largely hidden behind complex financial arrangements, such as the financing of the vast rail transit loop in Chongqing. Li’s analysis reveals that a significant portion of this “capital” was, in reality, debt disguised under various financial instruments. This misrepresentation of financial health has masked the true extent of the debt crisis at the local level.

https://www.msn.com/en-us/money/markets/china-s-debt-crisis-continues-
to-escalate/ar-AA1mAdC5'
;



Comrade signym, read. Maybe you'll learn something.

T


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Sunday, January 7, 2024 1:25 PM

SIGNYM

I believe in solving problems, not sharing them.


Yes, yes, I understand all that. I read about that years ago. "Local authorities" don't have the power to tax. All tax revenues go to the central government, which does NOT revenue share. So in order to raise funds ... which the local authorities can skim... local governments sell a crapton of bonds for infrastructural projects which are often overbuilt.

China has a debt problem, but it is an INTERNAL debt problem.

There is also the shadow banking system which extends loans at extortionate rates.

I don't know wby you keep harping on China. I'm not a big fan, I'm not defending China, and that video you love so much? The first thing the guy says is

CHINA IS NOT A THREAT TO US.


China's problems are China's problems, and their system couldn't be emulated here even if we wanted to bc it depends on Chinese culture.

So, what's your point?

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Sunday, January 7, 2024 4:01 PM

THG


Quote:

Originally posted by SIGNYM:
Yes, yes, I understand all that. I read about that years ago. "Local authorities" don't have the power to tax. All tax revenues go to the central government, which does NOT revenue share. So in order to raise funds ... which the local authorities can skim... local governments sell a crapton of bonds for infrastructural projects which are often overbuilt.

China has a debt problem, but it is an INTERNAL debt problem.

There is also the shadow banking system which extends loans at extortionate rates.

I don't know wby you keep harping on China. I'm not a big fan, I'm not defending China, and that video you love so much? The first thing the guy says is

CHINA IS NOT A THREAT TO US.


China's problems are China's problems, and their system couldn't be emulated here even if we wanted to bc it depends on Chinese culture.

So, what's your point?

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM







My point is you are singing another tune now. You've had to up your game based on the fact that you got called out on your prior bullshit. Like the fact that you've known for years about the seriousness of China's dept. Had you, your previous posts would have reflected that.

China is going under and will stay that way for decades to come. Like Russia, aye comrade? Don't bet against the United States.

T


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Sunday, January 7, 2024 5:39 PM

SIGNYM

I believe in solving problems, not sharing them.



Quote:

Originally posted by SIGNYM:
Yes, yes, I understand all that. I read about that years ago. "Local authorities" don't have the power to tax. All tax revenues go to the central government, which does NOT revenue share. So in order to raise funds ... which the local authorities can skim... local governments sell a crapton of bonds for infrastructural projects which are often overbuilt.

China has a debt problem, but it is an INTERNAL debt problem.

There is also the shadow banking system which extends loans at extortionate rates.

I don't know wby you keep harping on China. I'm not a big fan, I'm not defending China, and that video you love so much? The first thing the guy says is

CHINA IS NOT A THREAT TO US.


China's problems are China's problems, and their system couldn't be emulated here even if we wanted to bc it depends on Chinese culture.

So, what's your point?

THUGR::My point is you are singing another tune now.

Oh, yeah?
Find that quote and link it.
You can't bc it's not there. I have NEVER been a fan of China.


Quote:

You've had to up your game blah blah blah....




China has made remarkable progress. It's lifted 800,000 people out of poverty in 10-15 years. It's also made some big mistakes.

Dood, stop looking at other nations. They're over there. We're over here. Focus on here, m'kay?

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Sunday, January 7, 2024 11:10 PM

SIGNYM

I believe in solving problems, not sharing them.




A few years ago I watched a Chinese parade. It was mostly military,and I noticed that the soldiers were all the same height, they all had exactly the same stride and the exact same gun and arm angle.

And I thought "WTF good is THAT? How combat-ready does that make them?". If only their quality control was as good!


-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Monday, January 8, 2024 8:39 PM

THG


Quote:

Originally posted by SIGNYM:

China has made remarkable progress. It's lifted 800,000 people out of poverty in 10-15 years.

SIGNYM





Watch the video and pay attention. China is doomed.

T






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Monday, January 8, 2024 8:45 PM

THG


T

China's banking system is in free fall right now, says Hayman Capital's Kyle Bass


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Monday, January 8, 2024 8:54 PM

THG


And your advice is to stop worring about China. What happens in China affects the rest of the world stupid.

T







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Monday, January 8, 2024 8:57 PM

THG


T

What This $100B Ghost City Reveals About China’s Property Crisis | WSJ


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Monday, January 8, 2024 10:15 PM

THG


T

The End of China’s Economic Miracle


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Monday, January 8, 2024 11:09 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

THUGR: And your advice is to stop worring about China. What happens in China affects the rest of the world stupid.


Well, assuming you're correct, what we should plan on depends on HOW China's failure affects us.

So, what's YOUR advice?

Push China over the edge by invading Taiwan?
Support China so it doesn't fail?
Decouple from China so its failure doesn't affect us economically?

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Tuesday, January 9, 2024 3:20 PM

THG


Quote:

Originally posted by SIGNYM:
Quote:


THUGR: And your advice is to stop worring about China. What happens in China affects the rest of the world stupid.



Well, assuming you're correct, what we should plan on depends on HOW China's failure affects us.

So, what's YOUR advice?

Push China over the edge by invading Taiwan?
Support China so it doesn't fail?
Decouple from China so its failure doesn't affect us economically?

SIGNYM






Decouple, but what he mentions in the video is not the only reason to do so.

T




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Wednesday, January 10, 2024 7:44 PM

THG


China Is Fast Losing Its Place as Must-Have in Global Portfolios

(Bloomberg) -- Years of harrowing losses have left Chinese stocks with a diminished standing in global portfolios, a trend that’s likely to accelerate as some of the world’s biggest funds distance themselves from the risk-ridden market.

An analysis of filings by 14 US pension funds with investments in Chinese stocks show most of them have reduced their holdings since 2020. The California Public Employees’ Retirement System and New York State Common Retirement Fund, among the nation’s biggest pension investors, cut their exposure for a third straight year.

What started out as a performance-driven exodus now risks becoming a structural shift due to a toxic combination of doubts over Beijing’s long-term economic agenda, a prolonged property crisis and strategic competition with the US. Money managers at some of the biggest pensions in the US and Australia said in interviews that the prevailing playbook for China is one of caution.

“Foreign investors no longer fear leaving China out of their investment universe,” said Gary Dugan, chief investment officer at Dalma Capital Management Ltd. “We sense that international investors are just giving up trying to read China and will revert to a world-ex-China opportunity set, hence resetting the benchmarks to MSCI World ex-China.”

https://www.msn.com/en-us/money/markets/china-is-fast-losing-its-place
-as-must-have-in-global-portfolios/ar-AA1mMb8Q?ocid=msedgntp&cvid=569347ed2db24a73b56735b4cec735bc&ei=15




And it continues...

T


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Thursday, January 11, 2024 2:54 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:


THUGR: And your advice is to stop worring about China. What happens in China affects the rest of the world stupid.

SIGNY: Well, assuming you're correct, what we should plan on depends on HOW China's failure affects us.

So, what's YOUR advice?

Push China over the edge by invading Taiwan?
Support China so it doesn't fail?
Decouple from China so its failure doesn't affect us economically?

THUGR: Decouple, but what he mentions in the video is not the only reason to do so.

Huh. That's what Trump was trying to do.
The Biden* admin, tho, seems intent on warring on Taiwan. As do establishment Republicans.




-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Thursday, January 11, 2024 6:47 PM

THG


T

China Has 10 Years Left, Says Geopolitical Analyst Peter Zaihan


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Thursday, January 11, 2024 8:56 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

China Has 10 Years Left, Says Geopolitical Analyst Peter Zaihan


If that's the case, why bother to go to war with China over Taiwan? The problem will take care of itself.


-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Thursday, January 11, 2024 10:18 PM

THG


Quote:

Originally posted by SIGNYM:
Quote:

THG
China Has 10 Years Left, Says Geopolitical Analyst Peter Zaihan



If that's the case, why bother to go to war with China over Taiwan? The problem will take care of itself.
SIGNYM




You don't understand shit do ya?

T




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Friday, January 12, 2024 2:48 AM

SIGNYM

I believe in solving problems, not sharing them.


The narrator makes a few critical mistakes:

China can't "invade" Taiwan when everyone agrees, by international treaty, that Taiwan is part of China.

Being a part of China, TAIWAN HAS NO INDEPENDENT "TERRITORIAL WATERS".

China has no interest in using force against Taiwan unless Taiwan mounts an armed rebellion. Aided and abetted by the west. In that case, China would be within its rights to claim territorial defense, and it would be western forces that would be judged aggressor.

The FICTION that Taiwan is an independent nation is pushed relentlessly by the west. Since the video persisted in that fiction, I stopped listening about 5 minutes in bc it is based on a false premise.

-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger

Loving America is like loving an addicted spouse - SIGNYM



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Friday, January 12, 2024 12:56 PM

THG


Quote:

Originally posted by SIGNYM:

The narrator makes a few critical mistakes:

China can't "invade" Taiwan when everyone agrees, by international treaty, that Taiwan is part of China.

Being a part of China, TAIWAN HAS NO INDEPENDENT "TERRITORIAL WATERS".

China has no interest in using force against Taiwan unless Taiwan mounts an armed rebellion. Aided and abetted by the west. In that case, China would be within its rights to claim territorial defense, and it would be western forces that would be judged aggressor.

The FICTION that Taiwan is an independent nation is pushed relentlessly by the west. Since the video persisted in that fiction, I stopped listening about 5 minutes in bc it is based on a false premise.

SIGNYM






Wrong, everybody doesn’t agree Taiwan is a part of China. Many say openly that they recognize China thinks it is; big difference. This has been explained to you several times. Your continued posting Taiwan is a part of China, does not now and never will, make it so. Also, you being Russian explains why you keep saying this.

Taiwan doesn’t believe it is a part of China and keeps saying so; I agree.

The video was based on a much deeper understanding of the subject than you can grasp. This explains your incorrect and simpleton answer.

T


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Friday, January 12, 2024 1:15 PM

THG


HONG KONG—China is sinking deeper into its worst deflation in years, spelling trouble for the whole world as demand falters in its second-largest economy.

With many Chinese worried about the economic outlook and unwilling to spend, consumer prices fell for a third straight month in December, official data showed Friday. Prices charged by manufacturers dropped for the 15th month in a row.

Economists at Morgan Stanley described the situation as the “longest and deepest” deflation in China since the Asian financial crisis in 1998, when countries across the region overheated and entered recessions that took years to recover from.

Until recently, many Western economists had welcomed some deflation in China, because it lowered the cost of imported Chinese goods, helping to ease inflationary pressures elsewhere. Inflation in the U.S. cooled through most of 2023, though it edged up some in December.

But as inflation worries have eased in the West, China’s deflation has become a bigger source of concern. It signals continuing economic distress in China, which could mean weaker sales for Western brands that do business there.

It also augurs more efforts by Chinese companies to unload excess goods elsewhere, competing with Western companies and exacerbating trade tensions, which are already high.

The European Union last fall accused China of flooding the market with cheap electric vehicles and launched an investigation into the role of state subsidies from China. Companies in other industries, including solar power, have raised similar concerns.

“Persistent deflation or very low inflation in China could contribute to a higher trade surplus and more trade frictions with the rest of the world,” said Adam Wolfe, emerging-markets economist at Absolute Strategy Research.

All of that is adding urgency for Beijing to increase efforts to reverse falling prices and revive growth. One worry is that without more forceful stimulus, China’s economy could fall into a debt-deflation spiral like Japan did in the 1990s, when falling prices prompted companies to cut wages and consumers to hold off on purchases, creating a vicious cycle of even weaker demand and more deflation.

“The size and speed of stimulus policy matters” in China, said Robin Xing, chief

https://www.msn.com/en-us/money/markets/deflation-worries-deepen-in-ch
ina/ar-AA1mQlj0?ocid=msedgntp&cvid=8276c3772eef46a7c1309e3a68b1ba8d&ei=22




China is disposing of its surpluses with lower prices to stay afloat. It won't last.

T


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