Independent thinking for complex markets and current events
The FBI Director, Christopher Wray, is set to unveil a disturbing plot orchestrated by Chinese hackers. These cybercriminals, allegedly backed by the Chinese government, have honed in on U.S. water treatment plants and electrical grids, strategically positioning themselves to wreak havoc on American soil. In a testimony scheduled for Congress, Wray is expected to highlight …
Chinese stocks hit a decade-low P/E ratio at 8, revealing a concerning trend in valuation practices. In a seismic development, a Hong Kong court orders Evergrande’s liquidation, plunging its stock further, while China’s real estate index remains in an 85% free fall. In response to the crisis, China deploys economic stimuli, contemplating a short selling …
Property investment in China dropped 9.6% in 2023 from the same period a year earlier, after slumping 9.4% in January-November, according to data from the National Bureau of Statistics. — unusual_whales (@unusual_whales) January 25, 2024
Brendan Kavanaugh plays piano in public, and streams on YouTube, when some Chinese group, wearing red and waving communist flags happened to assemble behind him. When they realized they were in his shot, they ordered him to stop filming. They had no concept of the right to film in public. One older man, the leader, …
The atmosphere surrounding Chinese assets is getting gloomier, extending beyond the realm of battered stocks. Investors are now expressing skepticism not just about stocks but also anticipating underperformance in the yuan and government bonds. Ken Cheung, the chief Asian currency strategist at Mizuho Bank Ltd. in Hong Kong, reflects this sentiment, stating, “We expect the …
The recent revelation about a Chinese lab creating a mutant COVID-19 strain with a 100% kill rate in “humanized” mice has sent shockwaves through the scientific community and beyond. The virus, named GX_P2V, was designed to mimic the behavior of SARS-CoV-2 in a unique model using mice with genetic makeup similar to humans. The study, …
Chinese billionaire Chen Tianqiao, an alleged CCP member, reportedly owns 198,000 acres of Oregon timberland, the Daily Mail reports. According to the outlet, the $85 million purchase makes Tianqiao the second-largest foreign owner of American land. “The sale went through in 2015, but only became widespread knowledge on Monday after Oregon tax records unveiled one of Chen’s …
by Chris Black >Industry is rushing for more clinical studies and mass production >Anti-Lysyl Oxidase (LOX) Antibody is an antibody against Lysyl Oxidase (LOX) for use in Western Blotting, IHC(P). >We confirmed that Anti-LOX promoted penile growth, especially when combined with a VED force >Our previous study found that inhibiting LOX activity (Anti-LOX) promoted tunica …
Staggering how abysmal the Chinese Outbound Tourism Recovery has been this far. Take Thailand International Visitor Arrivals for instance, and looking at the top 5 countries from where tourists flock to Thailand: – China is still 70% below 2019 levels– While Malaysia is up 3%… pic.twitter.com/4Uys596tB8 — Smartkarma (@smartkarma) January 2, 2024
Anybody surprised that „GDP growth“ based on debt fueled construction of ghost cities, idle airports and vacant skyscrapers doesn’t translate into corporate profits? — Michael A. Arouet (@MichaelAArouet) January 1, 2024 The End Phase of High Levels of Chinese Growth. In the 1980s until about 2000, China led the world in Total Factor Productivity (TFP) …
by Ed Driscoll Chinese spy balloon linked to U.S. company used for communication, potentially sending burst transmissions. Biden admin sought secretive court order. THE CALLS ARE COMING FROM INSIDE THE HOUSE! Report: Chinese Spy Balloon Used U.S. Internet Provider. The balloon connected to a U.S.-based company, according to the assessment, to send and receive communications from China, primarily …
Some spiders will die when cold weather hits, but scientists warn an invasive species from Asia may survive and continue to invade the US. Scientists at the University of Georgia froze more than two dozen of the eight-inch-long Jorō spiders spotted on the East Coast to see if the black and yellow creatures could survive …
Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles. China’s BYD Co. bills itself as the biggest car brand you’ve never heard of. It might need a different tagline soon. The …
by Chris Black Last summer, I wrote a brief article about how China’s property sector is, structurally, a bubble. And as with all bubbles, policymakers are equipped with a toolkit limited to delaying, mitigating, or perhaps even changing (https://genco.substack.com/p/the-great-financial-reset-of-2009) the inevitable “burst”. And while Beijing has done a mostly admirable job over the past decade …
Insane German energy policy has consequences. If you put radical left wing socialists and Green (communist) parties in control of your govt, this is what happens. They shut down all cheap energy and then your factories are no longer competitive and they close. Without cheap… https://t.co/Hcp1I64ufY — Wall Street Mav (@WallStreetMav) December 21, 2023
https://twitter.com/WinfieldSmart/status/1736936139418661091 Chinese equities hit 5-year low as doubts grow about decades of stunning growth. Post-COVID recovery disappoints, challenging Beijing to choose between more debt or slower growth in 2024 and beyond. Contrary to expectations, consumers save, foreign investment declines, factories struggle, and property markets face instability, raising concerns about China’s growth model. Some economists draw …
Chinese banks accelerate bad loan sales amid rising consumer defaults in the post-COVID economic recovery. Record issuance of non-performing loan-backed securities, up 40%. Real estate meltdown hits middle-class wealth, with 30% pay cuts, stock and property losses. Households reassess money priorities, facing the impact of a 5% decline in home prices wiping out trillions in …
Multiple 🇨🇳 state firms and government departments across at least 8 provinces — including the prosperous coast — instructed employees in the past month or two to start carrying local brands. That’s a major step-up from around September, when a small number of agencies in… pic.twitter.com/5j3Ngci7aE — Byron Wan (@Byron_Wan) December 15, 2023 🔴 CHINA’S …
In July, researchers using data from the Society for Assisted Reproductive Technology Clinic Outcome Reporting System found that Chinese nationals make up the largest percentage of foreign surrogacy contracts in the United States. This report — in the journal Fertility and Sterility, which is published on behalf of the American Society for Reproductive Medicine — …
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% …
by Michael Over the past couple of years, vast numbers of illegal immigrants from China have been pouring over our southern border. Most of them are military-age men. So why has there been such a dramatic spike? Is some sort of a coordinated effort going on that we don’t know about? In this article, I …
Reuters (via MSN) Gold buyers in China are getting younger, as a property market downturn, weakening stocks and currency and low bank deposit interest rates have left them with dwindling options to save for rainy days in a sputtering economy. The trend underscores heightening uncertainty about growth prospects in the world’s second-largest economy, which has …
EXCLUSIVE VIDEO: OMG goes undercover in Fresno to report on Chinese funded Bio Lab Daniel Sepulveda, US Congressional staffer to Jim Costa admits the illegal Chinese biolab poses a grave risk to public health and national security. Asked if his boss, thinks the lab endangered… pic.twitter.com/7XB7V4BsGM — James O'Keefe (@JamesOKeefeIII) November 30, 2023
The US government recently imposed export rules preventing chipmakers like NVIDIA from shipping chips to China (including the GeForce RTX 4090), citing AI safety concerns. However, the US government highlighted that the move wasn’t designed to run down China’s economy, further indicating that it was a safety measure to prevent using the chips in military advances. While it’s evident …
BREAKING: Reports that China's most advanced ship 980 hull number Type 071 landing ship (Longhushan) is on fire pic.twitter.com/eOVtNvzaQl — AlexandruC4 (@AlexandruC4) November 21, 2023
via Nikkei: BEIJING — China is struggling to reverse its declining births, with some estimates expecting drops of more than 10% this year to below 9 million, as young people remain wary of their economic prospects even after the end of the country’s stringent zero-COVID restrictions. “China’s newborns have declined by 40% over the past …
https://t.co/KraPDgOOQm — Win Smart, CFA (@WinfieldSmart) November 16, 2023 More Chinese cities record falling home prices in October BEIJING, Nov. 16 (Xinhua) — More Chinese cities reported falling home prices in October, official data showed Thursday. The National Bureau of Statistics said 56 of 70 large and medium-sized cities saw month-on-month drops in new home …
The financial landscape is in tumult as repo rates soar, with banks heavily borrowing to address liquidity concerns and a looming specter of potential economic deflation. Adding to the complexity, Chinese banks have entered the scene, issuing an extraordinary volume of short-term debt at penalty rates, coinciding with unusual activities by the Chinese Communist Party …