Miscellaneous News

gelgoog

Brigadier
Registered Member
China wont even be able to buy useless stuff, they are going to cheat China out of everything

There were signs back in Sept 2019 with that repo inversion blackhole... then couple months later the Phrase I trade deal was signed and China didnt cave... and as they say, the rest is history.....

You already saw purchases like this. For example Tencent buying Epic Games the guys behind the Epic Store and Fortnite.
 

voyager1

Captain
Registered Member
China isn't buying dollars. They are are just accepting US dollars which they then convert into treasuries. The reason they have so many dollars is because of trade deficits. You could argue they should be converting the dollars into something else, for example the Japanese in the 1980s started buying US companies and properties. But the US severely restricts what China can buy. Japan had the same problem and they ended up buying useless things like the US movie industry.
It should had promoted its RMB swap lines more forcibly and with more incentives. This is why I say that the BRI was too much unorganized.

In general there is too much apathy towards their dollar dependency.

See Russia where they have been weaning off their dollar addiction. Yes I know that they are not in the same circumstances but China is too slow on doing anything at all on this.

Lets see how their Digital Yuan attempt go. The moment it stops its trials and get openly released (2022?), China should throw everything at it and remove dollars as much as possible. This means that it must also go internationally.

No more delays. Whatever happens China HAS to promote it. It doesn't matter how they convince the rest of the world.

Tie it up to the BRI deals, offer lower tariffs for the country, offer discounts on infrastructure deals, offer discounts on imports, even offer some military ToT. Doesnt matter

Wang Yi should be touring the world from day 1 and offering all sorts of incentives, carrots and sticks. Budget its promotion costs at something like at $100 bln and keep doing it for 5 yrs. China should spend big on this.

The US will eventually come for Chinese dollar holdings. Even the most useless person knows that this is coming
 
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taxiya

Brigadier
Registered Member
The Jewish far right organizations who does those bombings are indeed tagged as terrorist organizations and banned in Israel et all.

I can't comment about WW2 etc. Anyone who bombs innocents to achieve political/ideological purpose and to send bigger message is a terrorist.

But you are right that in several cases one man's terrorist is another's freedom fighter. It's shouldn't be but it is so in many cases.
Be careful with that definition. ;)

Most victims in the two nuclear bombing of Japan are innocents (strictly speaking). The victims in the Tokyo fire bombing and Dresden bombing in Germany were mostly innocent civilians (strictly speaking). So by your definition US and UK are equally terrorist states. Of course, the US and UK can say that those are collateral damages or evil people who deserve to die. But then Taliban is no worse.

I am no friend of Taliban or its ideology, nor am I interested in it. BUT my principle and China's principle are:
  1. Mind our own business. And make that clear to our neighbors.
  2. Make it clear to our neighbors that we can be good neighbors if they do the same.
  3. Make examples of who does not do so. P.S. Interestingly, Afghanistan has never been that example out of all the neighbors of China.
  4. Never follow the narrative of the west.
  5. Judge and treat our neighbors based on how they treat us. 礼尚往来.
 

Tyler

Captain
Registered Member
It should had promoted its RMB swap lines more forcibly and with more incentives. This is why I say that the BRI was too much unorganized.

In general there is too much apathy towards their dollar dependency.

See Russia where they have been weaning off their dollar addiction. Yes I know that they are not in the same circumstances but China is too slow on doing anything at all on this.

Lets see how their Digital Yuan attempt go. The moment it stops its trials and get openly released (2022?), China should throw everything at it and remove dollars as much as possible. This means that it must also go internationally.

No more delays. Whatever happens China HAS to promote it. It doesn't matter how they convince the rest of the world.

Tie it up to the BRI deals, offer lower tariffs for the country, offer discounts on infrastructure deals, offer discounts on imports, even offer some military ToT. Doesnt matter

Wang Yi should be touring the world from day 1 and offering all sorts of incentives, carrots and sticks. Budget its promotion costs at something like at $100 bln and keep doing it for 5 yrs. China should spend big on this.

The US will eventually come for Chinese dollar holdings. Even the most useless person knows that this is coming
You need to understand the difference between russia and China at this point. Russia has been weaning off their dollar addiction much faster, this is due to the fact that they are a big exporter of natural resources, like oil and natural gas. China is a net importer of natural resources. The Russians can demand that you pay in euros or rupees, instead of $US.
 

AssassinsMace

Lieutenant General
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I wrote in here before of a California legislator who wanted to pass a law that wanted assault and battery not considered a serious crime if there was an economic hardship component involved which meant more hate crimes against Asians. Well the state tuned down a proposal that sounded similar if it wasn't the same. I'd be okay with it if they lessen the penalty for dealing with such criminals. California is not other like states where you can basically kill someone if they're committing a crime against you even shooting them in while running away.

In the link above that's how it is these days in California where criminals are so brazen because they know laws protect them from being killed by their victims.
 

siegecrossbow

General
Staff member
Super Moderator
Apple is not stupid. They know that China will kick them out if they are not creating sufficient economic activity inside the country.
Nowadays, CPC also requires local technological development as well.

Apple, as well as other big multinational companies know that they have to start investing in local R&D.

Apple has already expanded their Chinese suppliers by a lot this year so I assume that "$8 profit per phone" will only go up from now on

There are other reasons as well but that would make for a long discussion so I will stop here.
Btw same applies for Tesla.

Anyway, these companies are safe as long as they behave appropriately

China is not going to actively decouple. China is not run by Modis or Trumps.
 
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