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 boards : Politics : China, Hong Kong, Taiwan and The World


 
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