A hub for independent voices and hard truths
The clock is ticking, problems may deepen Why do small banks have such big problems? Many Chinese cities and even entire regions are drowning in debt. The liabilities were so high that local government representatives sent envoys to Beijing in the spring. They are negotiating terms for repaying billions in …
A portion of the 226m (741 feet) long dike surrounding the lake in Huarong County, Yueyang City, Hunan Province, collapsed at around 5 PM. The collapsed section was approximately 220m (722 feet) long. Chinese President Xi Jinping instructed to do everything possible to protect the lives and property of the …
The China Petroleum and Chemical Corporation (Sinopec) announced Thursday that its Sinopec Oilfield Service Company has signed an agreement worth about $1.1 billion to construct natural gas pipelines for Saudi Aramco, the state oil company of Saudi Arabia. The Sinopec subsidiary is stepping into the third phase of a massive …
Japan and the Philippines are indeed scheduled to hold high-level defense talks next month. Japanese Defense Minister Minoru Kihara and Foreign Minister Yoko Kamikawa will discuss “bilateral and defense and security issues affecting the region” during the July 8 meeting in Manila. These talks come amid escalating confrontations at sea …
Raimondo answered, “I don’t have anything specific to announce or specific that we might be working on. It’s more of a — it’s a dynamic process, right? When we learn information about what China might be doing, other countries diverting chips to China, then we take action. Here’s what I …
Australia and Canada cut rates, now inflation is re-accelerating in both those countries. Europe cut rates, now stocks are imploding. China cut rates, now they're in recession. All U.S. investors want to know is why can't we cut rates too? pic.twitter.com/MNS8k7kIso — Mac10 (@SuburbanDrone) June 27, 2024 Ho lee fuk …
https://twitter.com/GayBearRes/status/1806374707186344192 China’s giant solar industry, which has been at the forefront of renewable energy expansion, is indeed facing significant turmoil. The challenges it confronts are multifaceted, including supply chain disruptions, policy shifts, and international trade tensions. Let’s delve into the causes behind this situation: Supply Chain Disruptions: The COVID-19 pandemic has …
China’s annual “618” mid-year e-commerce sales festival recently experienced a decline in sales for the first time in eight years. This event, which is China’s second-largest in terms of annual sales, serves as a barometer for household consumption. According to data from Syntun, the gross merchandise value (GMV) during this year’s …
The China 10-Year Government Bond Yield recently reached its lowest point in nearly 22 years. As of the latest update on June 21, 2024, the yield stands at 2.267%1. This yield represents the annual return that investors can expect if they hold the bond until its maturity in 10 years. China's 10-Year Bond Yield …
China’s economy is sputtering, with sales, production and investment all missing while the housing slump continues despite massive government aid. The one bright spot — exports — is now in danger of a trade war. The question from her is will the Chinese people put up with a… pic.twitter.com/OHlLz1AVF2 — …
According to the Henley Private Wealth Migration Report 2024, the UK is expected to experience an unprecedented net loss of 9,500 millionaires in 2024. This places the UK as the second-largest loser of millionaires globally, trailing only behind China. Notably, this figure is more than double the 4,200 millionaires who left the country last year, which …
It appears that there is a significant decline in China’s M1 money supply growth rate. According to the data and tweets provided, the M1 money supply in China has been decreasing since June 2023, with the most recent figures showing a 4.2% year-on-year decline in May 2024. This is a …
China once enjoyed an optimistic and confident middle class. It supported the economy’s growth path with sometimes exuberant spending and aggressive investing. Sadly, those millions are now losing ground, with many slipping back toward poverty. This is no small problem for the Chinese Communist Party (CCP). It has long had …
Central bank demand has played a huge role in gold markets recently. Then last week, the news that PBoC officials didn’t buy gold in May sent shockwaves through global gold markets. What does it mean? From Peter Reagan for Birch Gold Group This week, Your News to Know rounds up the …
Tensions between China and the United States have been escalating for years, fueled by economic competition, geopolitical disputes, and a series of diplomatic confrontations. Recently, China has taken a significant step that further complicates this fraught relationship by cutting ties with a record number of US treasuries and agency debt …
Economists said the country’s property crisis continued to weigh on confidence among households and businesses, as non-manufacturing activity also slowed. The National Bureau of Statistics (NBS) said its official manufacturing purchasing managers’ index (PMI) fell to 49.5 in May from 50.4 in April. This is below analysts’ forecasts and under …
This article seems like an implicit warning against further credit weakness. However, credit is falling off a cliff NOT because nonbank financials are shifting to another source of funding, but because there is simply no credit demand in the economy given the deflationary context — Shanghai Macro Strategist (@ShanghaiMacro) May …
China’s stagnation in one picture. Their economy is facing a similar issue to what Japan experienced after the bursting of its asset price bubble in the late 80s, which led to a long period of low growth known as the “Lost Decades”. After three decades of accruing more debt… pic.twitter.com/XPGbt9Dk3l — Otavio …
Foreign investment into China dropped for a 4th consecutive month in April. Inbound investements into China are as low as during the onset of the Covid crisis as the country struggle to attract foreign funds. pic.twitter.com/k8Zvr8NPW5 — Global Markets Investor (@GlobalMktObserv) May 27, 2024 China’s big housing rescue aims to …
China faces a demographic challenge with sharp declines in young adults and births. China: The number of annual births has plummeted from 18 million in 2014-15 to 10 million today pic.twitter.com/91Rmch1gJZ — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) May 22, 2024
Fresh out of school after studying chemistry, she joined one of China’s biggest property companies in 2016, as the country’s real estate market was taking off. She worked until 11 p.m. every day and was transferred to a bigger city after being designated a “sales champion.” She pampered herself in …
China Showcases ‘Dogs of War’ Battle Robots in Cambodia Military Drills China’s largest-ever military drills with Cambodia on Thursday included a showcase performance by the literal dogs of war — a squad of robot dogs with automatic rifles mounted on their backs. Both the People’s Liberation Army (PLA) of China …
The underground banking network of Chengdu is an illicit financial system that operates outside the formal banking sector, facilitating unauthorized and unregulated financial transactions. This network is often used to move large sums of money across borders without detection by authorities, bypassing traditional banking regulations and anti-money laundering laws. In …
The rise of drone technology, particularly in the hands of China’s DJI, signifies a seismic shift in the landscape of modern warfare. With DJI manufacturing more small drones than every other company combined, it’s clear that China is positioning itself at the forefront of this technological revolution. Reports of the …
China’s military closely monitored and “drove away” USS Halsey that entered the territorial waters of Paracel Islands in the South China Sea on May 10, the Southern Theater Command of the People’s Liberation Army said in a statement. The US move “seriously infringed on China’s sovereignty and security,” the military …
Chinese home prices are plummeting at an alarming rate, surpassing the decline seen during Japan’s infamous bubble burst. With a lack of transparency, the full extent of the crisis remains uncertain, but indicators suggest it could be ten times worse than the 2008 financial crisis. Residential real estate volumes have …
The recent decline in the Chinese market has sent shockwaves through the global economy, raising serious concerns about the state of China’s economic health. Alicia García Herrero, Chief Asia-Pacific Economist for Natixis, succinctly captured the prevailing sentiment: “Nobody believes the economic situation is going to get any better.” This lack …
Seems fishy, right? Mon 29 Apr 2024, #StocksToWatch: 📢 Upcoming earning alert! Big companies like #Apple, #Amazon, #Pfizer, and #CocaCola will release their latest quarterly results this week. 🚀Keep an eye out for market-moving updates.#EarningsReports #MarketMovers https://t.co/x2jKq24MzN pic.twitter.com/qumy0iw0X5 — FXKILLA 📊 (@FX_PIPHunter) April 29, 2024 BEIJING, April 23 (Reuters) – …
BREAKING: Tesla stock, $TSLA, surges 11% as China removes restrictions on its vehicles after passing data security requirements. The move has made it far more likely that Tesla’s Full Self Driving (FSD) will soon be available in China.$TSLA is now up nearly 40% since its low… pic.twitter.com/JSSVH2yK0s — The Kobeissi …
