China, Hong Kong, Taiwan and The World

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Scrooge McDuck
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Message 2136682 - Posted: 4 Jun 2024, 10:58:33 UTC

I thought China already owned a large portion of the world's rare earth reserves, as well as the vast majority of current global production.

But Xi wants to control everything, the entire world...
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Message 2137367 - Posted: 20 Jun 2024, 18:00:32 UTC

China Throws Its Weight Around Russia's Backyard
wrote:
Former Soviet republics in Central Asia have finalized a deal to build a railway that will provide China with a trade link to Europe that reduces Beijing's dependency on Russia.

The 324-mile railway connecting the three countries will cost around $8 billion and is part of China's global infrastructure development strategy the Belt and Road Initiative. It will provide a vital trade route for the landlocked Central Asian republics that are in Moscow's sphere of influence. [...]
Does Putin understand that his war in Ukraine and Western sanctions offer China a first-class opportunity to reverse a century of Imperial Russian conquests in Central Asia? All the states in this region will be liberated from Russian embrace (only to become dependent on China). However, the West will welcome this railway and start using it ASAP to circumvent Russia for the foreseeable future. If Russia changes one day it will be too late. Chinas highways and railways will be the shortest, most cost-efficient and best maintained ones connecting China and Europe.

In one generation, no Uzbek, Kyrgyz, Tajik will speak Russian anymore, but they will want to learn Chinese as foreign language in every school. China, unlike Russia, is a trading empire, which can offer them perspectives in their own country instead of cheap jobs abroad in Moscow as construction workers or cleaners, while Russians view them with racist eyes as inferior.

Can't Putin hear the remains of Tsars rotating in their graves?
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Message 2137390 - Posted: 21 Jun 2024, 3:59:25 UTC - in response to Message 2137367.  

Can't Putin hear the remains of Tsars rotating in their graves?
Commie ears don't hear Czars.
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Message 2137402 - Posted: 21 Jun 2024, 11:27:06 UTC - in response to Message 2137390.  

Can't Putin hear the remains of Tsars rotating in their graves?
Commie ears don't hear Czars.
But these 'commies' never were true communists. They have always only called themselves that to deceive their people. They never strived for brotherhood, equality and justice among the 'proletarians' of all countries. Instead they only wanted absolute power and have always sought world domination. The Russian commies were Bolshevik Imperialists, the Chinese Maoist ones. They simply pasted their theoretical reasoning onto the pure idea of Communism to create Mao Bible and Lenin's Writings which they then presented like a religious monstrance legitimating their claim to power. They killed the previous aristocratic class in the Red Revolutions only to adopt their imperial self-image.

And that is what I observe: While Xi is purposefully rebuilding the Chinese Empire, step by step... Putin destroys the legacy of the very Czars he cites as his spiritual idols. He and Russia's leading class seem too incompetent to grasp that. Or they still ponder on how to remove Nero without burning Rome.
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Message 2137555 - Posted: 24 Jun 2024, 20:36:52 UTC

I bet that Xi will get around to addressing this problem.

China's Millionaires Are Leaving the Country.

China is expected to lose more wealthy people via emigration than any other country this year, according to a recent study.

"China is again on track to be the biggest millionaire loser globally, with an anticipated net exit of 15,200 [high-net-worth individuals, or millionaires] this year," said a report published June 18 by British investment migration consultancy Henley & Partners (H&P).

Since China ended its strict COVID lockdown policies at the end of 2022, the world's second-largest economy has had a stuttering recovery, plagued by a real estate crisis, high levels of local government debt, youth unemployment, and lukewarm consumer demand.

This has coincided with Chinese President Xi Jinping's crackdown on open displays of wealth and tighter grip on the Chinese economy, with a focus on "common prosperity" to reduce wealth inequality and promotion of sustainable growth.

This has been a drag on wealth accumulation, wrote Curtis Chin, former U.S. ambassador to the Asian Development Bank, and may have impacted China's wealth flight, though it represents a small percentage of the country's 862,400 millionaires.

The U.S. is predicted to be the top likely destination for of high-income emigrants this year......
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Message 2137589 - Posted: 25 Jun 2024, 14:00:55 UTC

The communists of the past had this solution: let those who want to emigrate leave the country. Their money and property simply become state property.
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Message 2137594 - Posted: 25 Jun 2024, 15:58:49 UTC - in response to Message 2137589.  
Last modified: 25 Jun 2024, 16:02:34 UTC

The communists of the past had this solution: let those who want to emigrate leave the country. Their money and property simply become state property.

Ah, the era before bitcoin. You did see where Chinese are assisting Mexican drug cartels to launder their funds across the US border.
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Message 2137595 - Posted: 25 Jun 2024, 16:01:21 UTC - in response to Message 2137555.  

I bet that Xi will get around to addressing this problem.
Kim's solution: all you aunts and uncles for three generations go to the torture cells.

Of course being an overseas agent it also acceptable.
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Message 2138082 - Posted: 8 Jul 2024, 22:11:48 UTC

Pooh Xi's pirates are stepping things up to another level.

China’s “game of chicken” in the South China Sea hasn’t been going so well. So it has unleashed its Krakens.

China’s “game of chicken” in the South China Sea hasn’t been going so well.

So it’s unleashed its Krakens.

The 12,000-ton China Coast Guard ship, widely nicknamed ‘The Monster’, has arrived in the Spratly Islands and dropped anchor alongside a Philippines cutter at Sabina Shoal.

It’s the largest coast guard vessel in the world.

But its arrival comes just weeks after Beijing deployed a new legal ‘Kraken’, a vague but powerful set of laws ignoring the territorial definitions laid out by the International Convention on the Law of the Sea.

This enables China’s coast guard to seize “foreigners and foreign ships” in any waters it deems to be its own.

Together, this represents a dramatic escalation in Beijing’s internationally rejected move to lay claim over almost the entirety of the South China Sea........
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Message 2138391 - Posted: 15 Jul 2024, 20:13:15 UTC

1st it was real estate and now Xi has a banking problem.

China Reels From Banking Crisis.

At least 40 high-risk Chinese banks have been lost to mergers in the first six months of this year alone as local lenders buckle under exposure to debts, according to reports.

Small and medium-sized banks, long an integral part of poor towns and villages, numbered 1,636 at the end of last year, according to government statistics, comprising about 40 percent of China's total number of banking institutions.

Many of these local lenders have been hit hard by China's economic slowdown, in particular exposure to the debt crisis roiling the country's real estate market, which earlier this year saw a Hong Kong court order property developer Evergrande to liquidate.

The number of smaller banks that had buckled as of June 24 is four times the number that shuttered in the whole of 2023. The trend is only expected to accelerate as restructuring picks up pace, financial news agency Yicai Global cited industry insiders as saying.........
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Message 2138982 - Posted: 31 Jul 2024, 22:52:19 UTC

Will Xi's plan to repopulate Hong Kong work or will it just make his crumbling economy worse?

After a population exodus, Hong Kong looks to mainland China for new residents.
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Message 2139008 - Posted: 1 Aug 2024, 10:28:29 UTC - in response to Message 2138982.  

An interesting situation. Before the end of the British mandate in 1997 there was a fairly constant stream of people leaving China to set up a new life in HK. This dwindled to a mere trickle in subsequent years as the Chinese government cracked down on the HK economy and imposed tightet controls on the population. And then people began to leave HK by various routes (leagal or otherwise). Now the population (probably the wealth demographic) has dropped to a critical level and so the Chinese government has entered panic mode and is forecably moved.
Bob Smith
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Message 2139009 - Posted: 1 Aug 2024, 11:21:02 UTC

It was also British policy to offer every Hong Kong Chinese a British National (overseas) passport even after 1997. This was done in response to Chinas breach of the 1984 Sino British Joint Agreement of "one country, two systems principle" after 1997. The UK thus provided the Hong Kong Chinese with a Plan B. This was certainly not in the interests of the People's Republic.

There are 7.5m inhabitants and...
Home office estimates that there are around 2.9m BN(O)s in Hong Kong.
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Message 2139163 - Posted: 5 Aug 2024, 21:36:18 UTC

He's put a target on his back and Pooh Xi will not be happy with his revelations.

Former Chinese spy who spoke to Four Corners set to give evidence to Canada's Foreign Interference Commission.

A former Chinese spy is set to give evidence in a major Canadian inquiry into foreign interference following his appearance on Four Corners, where he revealed Beijing's illegal operations on foreign soil.

The former spy, known as Eric, worked for the Chinese secret police, one of the country's most notorious intelligence agencies, between 2008 and early 2023.

In an interview with the ABC in May, Eric revealed details about his role in surveilling the prominent dissident and artist, Hua Yong, and infiltrating his group of activists.

Mr Hua died in Canada in 2022.

The Canadian government launched the public inquiry last year to investigate and respond to foreign interference in federal elections and democratic institutions.

The Foreign Interference Commission, which is conducting the inquiry, singled out China as "the main perpetrator" of such activities against Canada, following public hearings over several months.......
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Message 2139640 - Posted: 19 Aug 2024, 21:37:45 UTC

Xi pirates are still acting the aggressors.

Chinese and Philippine ships collide again in disputed waters, and the countries are trading blame.

Chinese and Philippine coast guard ships collided at sea, damaging at least two boats, in an encounter early on Monday near a new flashpoint in their increasingly alarming confrontations in the disputed South China Sea.

Both blamed the other for the collision near Sabina Shoal, a disputed atoll in the Spratly Islands, where overlapping claims are also made by Vietnam and Taiwan.

There were no reports of injuries.

China's Coast Guard accused the Philippines of deliberately crashing one of its ships into a Chinese vessel......
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Message 2139650 - Posted: 20 Aug 2024, 8:56:06 UTC

The Philippines may need to modify the design of its coast guard ships. The ancient Greeks had a solution for this type of conflicts:

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Message 2140843 - Posted: 18 Sep 2024, 0:48:37 UTC

This move by the U.S. likely won't please Xi, and likely PooTin and little well overfed Kim either.

Satellite Photos Show US Reclaiming World War II Airfield for China War.

An overgrown airfield on a small island in the Pacific, once instrumental in America's role in ending World War II, is being reclaimed by the U.S. Air Force as it prepares for a possible future fight with China.

The remote island of Tinian, which is less than 40 square miles, is one of three principal islands in the Northern Mariana Islands, a string of sparsely populated islets in the Western Pacific Ocean that make up the U.S.'s westernmost frontier, along with the major military hub of Guam some 100 miles to the south.

Tinian was known for its strategic value during the war. Due to its proximity to Tokyo—less than 1,500 miles—it later became a staging base to launch bomber attacks on mainland Japan. The island is a similar distance to China and other flashpoints in Asia, with a U.S. Defense Department plan costed at nearly half a billion dollars now preparing it to help the United States deter, or defeat, the Chinese military.......
Meanwhile the stupidity of Chinese pilots is on display.

Chinese military video appears to show 'dangerous' intercept of Australian aircraft over South China Sea.

The People's Liberation Army has released video of a 2022 incident that appears to show a Chinese J-16 fighter intercepting an "enemy" Australian P-8 Poseidon surveillance aircraft while it was conducting a routine patrol in international airspace.

During the encounter over the South China Sea, the PLA aircraft flew closely alongside the RAAF plane firing flares, before cutting in front of it and releasing "chaff" into its flight path, which included aluminium fragments that were sucked into the P-8's engine.

More than two years after the "dangerous" intercept, the Chinese military broadcast the video of the events as part of a PLA documentary in which the J-16 pilot described "facing a strong enemy, a tough opponent" and not being "afraid".

According to the PLA propaganda film shown on Chinese state television in recent days, a "flashing infrared bomb" was also fired towards the Australian aircraft, although the ABC has been unable to verify this claim.

Australia's defence department said it was aware of the "unverified" video that purported to show the 2022 incident and emphasised that it had undertaken maritime surveillance activities in the region for decades "in accordance with international law".......
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Message 2141220 - Posted: 25 Sep 2024, 12:42:23 UTC

China test-fires ICBM for first time in decades
The ICMB was launched at 08:44 local time (04:44 GMT) on Wednesday and "fell into expected sea areas", Beijing's defence ministry said, adding that the test launch was "routine" and part of its "annual training".

China's nuclear weapon tests usually take place domestically, and it previously test-fired ICBMs west into the Taklamakan Desert in the Xinjiang region.

This is believed to be the first time since 1980 that it launched an ICBM into international waters.
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Message 2141230 - Posted: 25 Sep 2024, 19:54:57 UTC

Xi's plans to reverse his economic blunders regarded as far too little and far too late.

Economists sceptical about China's rate cuts, new stimulus measures.

China has announced a raft of measures aimed at countering a prolonged downturn in its property market that is heavily weighing on the world's second largest economy.

On Tuesday, People's Bank of China governor Pan Gongsheng said the central bank would reduce the amount of reserves banks are required to keep, freeing up more money for lending.

He also announced the reduction of interest rates on loans to commercial banks and promised other moves to revive the slowing economy.

Chinese authorities also want to make property investment easier, with down-payment requirements for second home buyers reduced from 25 per cent to 15 per cent.

Interest rates for mortgages will be cut by about 0.5 per cent, helping 50 million households and 150 million people, Mr Pan said.

Disruptions and job losses during the COVID-19 pandemic, coupled with falling prices for homes, have left many Chinese citizens unwilling or unable to spend, sapping the economy of other engines to drive business activity.

Official figures for August put urban unemployment at 5.3 per cent, up 0.1 per cent on the previous month.

Youth unemployment has risen to almost 19 per cent, a figure that some analysts claim is an underestimate.

These new monetary measures are therefore intended to support the faltering economy, stabilise the housing sector and restore market confidence.........
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Message 2141300 - Posted: 26 Sep 2024, 22:15:58 UTC
Last modified: 26 Sep 2024, 22:17:51 UTC

A bit embarrassing

Reuters - Chinese nuclear-powered submarine sank earlier this year, US official says
China's newest nuclear-powered attack submarine sank earlier this year, a senior U.S. defense official said on Thursday, a potential embarrassment for Beijing as it seeks to expand its military capabilities.
China already has the largest navy in the world, with over 370 ships, and it has embarked on production of a new generation of nuclear-armed submarines.
A senior U.S. defense official, speaking on condition of anonymity, said China's new first-in-class nuclear-powered attack submarine sank alongside a pier sometime between May and June.
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Message boards : Politics : China, Hong Kong, Taiwan and The World


 
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