Independent thinking for complex markets and current events
Jan 3 (Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a deepening property debt crisis ripples through the economy. Two of China’s biggest state-owned banks and a leading joint-stock bank …
Chinese Tesla rival Nio has developed an EV battery with a range of 1,000km — and its CEO tested it out by driving for 14 hours on a single charge between two Chinese cities. Nio CEO William Li, who has gained a reputation as China’s Elon Musk, live-streamed his mammoth 1,044km journey from Shanghai to …
ENERGY, CURRENCIES AND CHANGE. 🌎2024: The year of change. 2024 is going to be a transformational year. Russia and China's energy trade is soaring. The two countries don't use the dollar anymore in trade and countries around the world are beginning to utilize local trade.… pic.twitter.com/vWLFE84tM1 — Gold Telegraph ⚡ (@GoldTelegraph_) December 31, 2023 Russia, …
In a concerning development, China appears to be wielding economic sanctions against Israel, with repercussions felt in the import of crucial electronic components. Israeli officials have bluntly asserted a connection to the recent conflict, adding a layer of geopolitical tension to the economic strain. The impact is particularly felt in the technology sector, as Israel …
But as 2023 draws to a close, conflicts are flaring across the world, and Russia and China are growing increasingly aggressive in their shared ambition to topple the US as the world’s biggest power. Their authoritarian leaders, Xi Jinping of China and Vladimir Putin of Russia, are seeking to exploit global instability to damage the …
China's 30-Year Government Bond Yield has fallen to its lowest level since 2005 pic.twitter.com/Rg9tCuNVyf — Win Smart, CFA (@WinfieldSmart) December 24, 2023 The U.S. economy has a new twist: Deflation. Here's what it means. https://t.co/CO1DlmGUZH — CBS News (@CBSNews) December 8, 2023 After grappling with high inflation for more than two years, American consumers are …
Xi Jinping warns Biden: Reunification with Taiwan inevitable, prefers peaceful means, dismisses U.S. military predictions. via CNBC: Chinese President Xi Jinping bluntly told President Joe Biden during their recent summit in San Francisco that Beijing will reunify Taiwan with mainland China but that the timing has not yet been decided, according to three current and …
by Michael One of the biggest bombshells of the entire year just dropped, but now it has almost entirely disappeared from the news cycle. NBC News is reporting that during their recent summit meeting in San Francisco, Chinese President Xi Jinping told Joe Biden to his face that a decision has been made to “reunify Taiwan …
Oh wait, let me get this straight, China is one of the biggest global polluters and co2 emitters and they’re having a problem with extreme cold? Kind of rules out the whole global warming thing, doesn’t it? via Yahoo: “More low temperature records tumbled across China on Thursday, as the country endures a persistent cold …
🌍 Global Supply Chain Pressure Index rising. “Two continental shipping passages, the Suez and Panama canals, are suffering from obstructions to trade traffic.” Not good for short-term goods #inflation. H/t: @FinancialTimes pic.twitter.com/FBwiN1DIF1 — Alex Joosten (@joosteninvestor) December 21, 2023 🇨🇳 China Bans Exports of Some Rare-Earth Processing Technologies China accounted for more than two thirds …
Dec. 18 (UPI) — More than 100 people have been killed in an earthquake that struck China’s north-western Gansu Province shortly before midnight Monday, state news reported Tuesday. The China Earthquake Networks Center said in a statement that the temblor hit at 23:59 p.m. Monday, local time, in Jishan County at a depth of a …
China is phasing out Apple. This is what China does with US Manfs. They now have the tech./knowledge and can move on from Apple. Now you see Apple making some phones in India. — floridanow1 (@floridanow1) December 18, 2023 Chinese government entities and state-supported companies throughout China are instructing employees to refrain from using iPhones …
BREAKING – Emergency response launched after shallow China earthquake: Xinhua https://t.co/HnjXWg43GT — Insider Paper (@TheInsiderPaper) December 18, 2023 https://earthquake.usgs.gov/earthquakes/eventpage/us7000ljvg/executive Rapid-fire aftershocks. Near a dam on the Yellow River 23:59 An earthquake of around 6.5 magnitude occurred near Jishi Mountain in Linxia, Gansu! Earthquake rapid reporting systems in many places in China have issued warnings! pic.twitter.com/6jsLGDdzgh …
China’s central bank has made a historic move by injecting a record $112 billion into the financial system, according to reports from Bloomberg. This substantial cash injection comes as the Chinese yuan experiences depreciation against the US dollar, posing challenges for exporters and raising concerns about potential inflation. The Chinese economy has been grappling with …
#recession … #GFC2 China #Property Bubble edition https://t.co/HnqfaqD6lO pic.twitter.com/KV3TML3HTi — Invariant Perspective (@InvariantPersp1) December 17, 2023 #recession … #PBoC Pushing on a String edition https://t.co/cOmr1C85k1 — Invariant Perspective (@InvariantPersp1) December 17, 2023
via businessinsider: “China held its annual Central Economic Work Conference, or CEWC, on Monday and Tuesday. It was attended by all of the country’s top leaders, including President Xi Jinping and Premier Li Qiang. A document released after the conference sets the agenda for China’s economy — the second-largest economy in the world — for …
https://twitter.com/RadGrapes/status/1735644813507047718 👀🚨 pic.twitter.com/QrMEtJVSar — jeroen blokland (@jsblokland) December 15, 2023 France is following Germany into recession. It’s just two largest economies in the Eurozone. Is anybody really still taking Lagarde’s hawkish rhetoric yesterday seriously? Chart @Lvieweconomics pic.twitter.com/nTFNXcgbI9 — Michael A. Arouet (@MichaelAArouet) December 15, 2023 Foreign Investors withdrew $12 billion from China during the 3rd …
https://t.co/XuqKrBc7sJ — Win Smart, CFA (@WinfieldSmart) December 15, 2023 China 🇨🇳 desperately trying pic.twitter.com/0i3v0Gbw1q — Win Smart, CFA (@WinfieldSmart) December 15, 2023
Life inside China's Total Surveillance State. China is tracking people by installing QR codes on their homes in order to get instant access to the personal details of people living there. You need to tell police first if your friend wants to sleep at your home for one night.… pic.twitter.com/nzdOid0eMe — Wall Street Mav (@WallStreetMav) December …
Chinese borrowers default in record numbers as economic crisis deepensMore than 8mn people are blacklisted by authorities after missed payments on mortgages and business loans. Defaults by Chinese borrowers have surged to a record high since the outbreak of the coronavirus… pic.twitter.com/SOXOR3tX01 — floridanow1 (@floridanow1) December 13, 2023 China's Real Estate Market suffered an 81% …
According to a report by NBC News on Tuesday, December 12, 2023, the U.S.-Chinese military hotline, which was expected to be restored following the Biden-Xi summit, remains inactive, causing concerns about the lack of direct communication between the two military powers. Despite President Joe Biden’s announcement of an agreement to resume direct military communications, U.S. …
China falls deeper into deflation territory, hitting markets, as UK house asking prices drop – business live China’s consumer price index (CPI) dropped 0.5% on a monthly basis in November, showing that prices of a basket of goods and services fell compared with October. CPI was also 0.5% lower on an annual basis, China’s National …
How Is China’s Economy Doing? Not Nearly as Well as China Says It Is An independent tally of 2023 growth might accept Beijing’s official figures of 5% consumption growth as of the third quarter, but the other components of GDP remain flat or negative: government spending, net exports and business investment. Taken together, depending on …
The Moody’s announcement, meanwhile, put a spotlight on China’s debt issues. While the agency retained a long-term rating of A1 on the nation’s sovereign bonds, it cited the usage of fiscal stimulus to support debt-laden local governments and the spiraling property downturn as risks. The pushback from China generally followed a theme: Moody’s just doesn’t …
So it looks like NVDA wouldn’t be able to just continuously create slightly cut down versions of their products for the Chinese market in the future. Like the rumored RTX 4090D and L40s Thoughts? via pcgamer: Nvidia’s penchant for redesigning its GPUs to get around US export restrictions has seemingly been directly called out by …
China’s Colossal Hidden-Debt Problem Is Coming to a Head [WSJ] China is trying to defuse a financial time bomb that could severely damage its banking system. Cities and provinces across the country have accumulated a massive amount of hidden debt following years of unchecked borrowing and spending. The International Monetary Fund and Wall Street banks …
Coal plants should not be permitted “anywhere in the world” the self-described “militant” U.S. climate envoy John Kerry said Sunday at the COP28 climate conference in Dubai. Kerry said he is becoming “more and more” militant about climate policy because people are avoiding responsibility and not doing as they are told, focusing on countries that …
via notayesmanseconomics: As 2023 developed we saw rather a divergence between our view of the Chinese economy and the media or mainstream one.Their view was one of economic recovery whereas we continued with the theme of the consequences of the bursting of the property bubble.Indeed in something of a theme for today there was a …
Translation: Chinese Army: An American warship illegally entered the waters adjacent to Second Thomas Shoal Island in the South China Sea. 🚨🚨الجيش الصيني يُحرك المدمرات ويُعلن: الولايات المتحدة عطلت الحركة في بحر الصين الجنوبي عمدا وانتهكت سيادة الصين بشكل خطير. pic.twitter.com/1r28zTqGR2 — الأحداث العالمية (@NewsNow4USA) December 4, 2023 Translation: The Chinese army moves the destroyers …
