Independent thinking for complex markets and current events
via Mike Shedlock: Trump and Biden both tried to cut off China’s supply of advanced microchips. So China is now producing its own. Please consider New Phone Sparks Worry China Has Found a Way Around U.S. Sanctions. As Commerce Secretary Gina Raimondo was visiting China earlier this week, a sea-green Chinese smartphone was quietly launched online. …
Amid China’s recession, local governments across the country have been amassing significant debt. Since last year, there have been ongoing reports of salary cuts for civil servants in various regions. Now, local government debt has gotten out of control, with many even defaulting on their obligations. Starting from August 18, the Chinese Communist Party’s official …
via pjmedia: The bad news is we’re probably going to lose World War III — the Taiwan War, the Pacific War, whatevs — to China. The good news, if you want to see it that way, is that China might drive us all the way back to Hawaii without having to fire a shot. Let …
Embattled Chinese developer China Evergrande has warned investors to “exercise caution” as it revealed the true extent of the crisis facing one of its units. Hengda Real Estate, a principal subsidiary of Evergrande, says it had a total of 1,931 pending litigation cases as of the end of July 2023. Those cases each involve more …
. @RepNancyMace : ‘Biden most corrupt President in U.S. history, China sent nearly 7-figures to young grandchild’s shell account, Hunter wrote off about 28 Russian escorts on his taxes.’ “The amount of money in the alleged money laundering and bribery scheme is astronomical… We know that every time Joe Biden has been asked questions about …
by mark000 Sure looks like a Lehman moment (major negative event) is about to happen over there. Which will trigger a Chinese Financial System crisis, which will trigger one in Japan because of their interdependance. And from there to the rest of the world……. China’s Economy Shows Fresh Weakness in Factories, Housing and Consumer Spending …
BEIJING, Aug 31 (Reuters) – China’s manufacturing activity contracted for a fifth straight month in August, an official survey showed on Thursday, maintaining pressure on officials to provide support to shore up economic growth amid soft demand both at home and abroad. On the brighter side, new orders reverted to expansion for the first time …
‘JUST IN: China to cut interest rates on $5.3 TRILLION of mortgages to support their economy. The last time China did this? In the 2008 financial crisis. The move comes just after they cut taxes on stock trades and considered banning short selling of stocks. Is China on the brink of a credit event?’ JUST …
Graduate job applicants in China today fall into one of three categories, says Julia Zhu, director of recruiter Robert Walters China. Some have rare skills that are in high demand in the tech or green energy sectors and are able to secure high salaries. But a second group feels helpless. Their skills do not match …
‘China’s Foreign Ministry spokesperson Wang Wenbin announced the plan in a government news release, marking a big milestone in a country that has enforced strict lockdowns and “zero COVID” policies during the pandemic. This is the latest in changes to policies that have isolated China from the rest of the world. In January, the country ended …
by Qplus17 The chart is behind a paywall here: https://www.bloomberg.com/news/articles/2023-08-24/washington-s-top-middle-eastern-allies-move-closer-to-china?utm_source=website&utm_medium=share&utm_campaign=twitter If you add in India you’re up to $175bn/year.
Chinese stocks are now underperforming US stocks by the most since 2001. Meanwhile, China’s HY real estate index is down a massive 82% in just over 2 years. This puts the index back down to 2008-levels. Adding to this, Evergrande just filed Chapter 15 bankruptcy. All while China just “unexpectedly” cut interest rates. Is China …
Buckle up pic.twitter.com/6et4DUUhGT — Michael A. Arouet (@MichaelAArouet) August 18, 2023
This is the moment when Japan started releasing treated nuclear water from its Fukushima plant into the Pacific Ocean today: pic.twitter.com/h4NMt1uaDi — unusual_whales (@unusual_whales) August 24, 2023 New plans to dump waste from the Fukushima Daiichi nuclear plant into the ocean could create mutant animals, an expert has hinted. Tokyo Electric Power Company Holdings (Tepco) …
via WSJ: Russia and China used a summit of countries known as the Brics this week to air their grievances against Western powers, present themselves as defenders of developing economies and set out the case for an alternative international order.
China plans 2 days of live-fire drills in Taiwan Strait | Taiwan News | 2023-08-23 14:01:00 https://t.co/JO4el3bMJY — EndGameWW3 🇺🇸 (@EndGameWW3) August 23, 2023 China says it will conduct two days of live-fire exercises in Xinghua Bay, around 160 kilometers from Taiwan’s main island. pic.twitter.com/oNmyOVbMYS — TaiwanPlus News (@taiwanplusnews) August 23, 2023 On Wednesday, Footage …
by Chris Black Stimulus (https://archive.is/Gx9ok). China’s Central Bank surprised investors with the steepest cut rate cut since COVID, as July delivered another month of disappointing economic numbers. The grim market reaction suggests Beijing must take bolder steps to ease worries. Cutting Targets (https://archive.is/l0Pzu). At least five investment banks cut their projections for China’s economic growth …
China and Japan resumed the selling. this will be relentless. tech is toast. pic.twitter.com/Gd8ODcxjOx — The Market Dog (@TheMarketDog) August 21, 2023 Beware: 10-year real yield is at its highest level since the 2008 Financial Crisis pic.twitter.com/eOPBT5ZtPw — Bravos Research (@bravosresearch) August 21, 2023 Bracing for the Global Ponzi Scheme’s Downfall Governments worldwide, including Washington, …
SHENYANG, CHINA: Strange light phenomenon caught on video.. WHAT IS IT? pic.twitter.com/QB2UpOy2Xu — Chuck Callesto (@ChuckCallesto) August 20, 2023
by Honest_Water3408 It is clear that Xi Jinping’s primary concern is ensuring that China does not fall into a period of deflationary economic growth. This worry is likely driven by the fact that Beijing desires to maintain high levels of economic growth in order to continue its rise as a great power. However, it seems …
by ihasanemail [So I’m a Mandarin-speaking Asian dude from Texas. This is all anecdotal, so this is only my first-hand observations. Feelings are useless in trading. You a moron if you trade off a story versus hard facts.] I was in Beijing for a wedding, then was a tourist through Chengdu and Harbin and various villages …
by china-golden She may have a point here. I don’t think China is “finished” however.
We've never seen this before. A buffoonish level of complacency in a global RISK OFF event. pic.twitter.com/GgJPZWs1fP — Mac10 (@SuburbanDrone) August 19, 2023 There is a high probability that Powell will finish off China this week. And then U.S. gamblers will wish they had a map with more than one country on it. pic.twitter.com/90cy9Cz38j — …
BOMBSHELL REPORT: NFSC chairman uncovers MASSIVE CCP SPY OPERATION on American soil utilizing elements and components American citizens use on a daily basis. The amount of data COLLECTED by these operations is staggering.. WHAT ARE THEY USING IT FOR? BOMBSHELL REPORT: NFSC chairman uncovers MASSIVE CCP SPY OPERATION on American soil utilizing elements and components …
by Dismal-Jellyfish source: https://www.marketwatch.com/story/china-evergrande-collapse-shows-need-for-1-trillion-beijing-rescue-plan-says-clocktower-strategist China Evergrande Group’s EGRNF, bankruptcy filing in New York on Thursday shows a need for Beijing to go big, and soon, to sop up the nation’s soured real estate market, says Clocktower Group’s Marko Papic. China’s second-largest property developer asked a Manhattan court on Thursday for protection from creditors under Chapter 15 of the …
⚠️CHINESE PROPERTY GIANT EVERGRANDE BANKRUPT – NY COURT — Don Johnson (@DonMiami3) August 17, 2023 WOW!CHINA’S SECOND LARGEST PROPERTY DEVELOPER #EVERGRANDE HAS JUST FILED FOR BANKRUPTCY Chapter 15 bankruptcy protection (NY) pic.twitter.com/2x9mPowevW — jeroen blokland (@jsblokland) August 17, 2023 👀 pic.twitter.com/M2Ge4Cxn36 — Genevieve Roch-Decter, CFA (@GRDecter) August 17, 2023
Long story short, something in my guts kept yanking at me so I decided to mark down most the locations mentioned in the videos except for the blood moon or red sky mumbo jumbos. Here’s what I got: The area with more pins surround Beijing and is known to have one of the more historically …
Explainer-How much worse can China’s economic slowdown get? HONG KONG (Reuters) – China’s economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth. THE DEMISE OF CHINA’S GROWTH HAS BEEN MISTAKENLY FORECAST BEFORE. IS THIS TIME DIFFERENT? Activity data has …
pic.twitter.com/uX9VoRGdXK — Genevieve Roch-Decter, CFA (@GRDecter) August 15, 2023 Does anyone remember August 2015 – Yuan deval? Well, it's about to be a lot worse this time as the Chinese government can't stimulate the economy and support the currency at the same time. So why not just let the currency do the heavy lifting? pic.twitter.com/fAcHUIQMhH …
by betsharks0 Think the great downward spiral of China has started. It is going to be very difficult for them to get out of it. They were so stupid to piss off so many of their neighbors and biting the hand that fed them. We are not even really very far into the demographics nightmare …