It would be interesting if in some future timeline China minted a USD stablecoin backed by USD bonds, for the specific purpose of drawing volume from existing US based USD stablecoins
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- Thread starter bd popeye
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It’s evident that jewish Groups have decided to increase their influence in Asia considering that Asia is where the greatest growth and wealth is going to be, I watched a TikTok where a local man was reporting on Jewish chabad compounds in Thailand which forced the local Thai police to negotiate on access in their own land. In fact I’d say Singapore‘a turn towards Sinophobia has been due to increasing Jewish wealth being funneled into Singapore.
AssassinsMace
Lieutenant General
I was watching a Tesla cult channel video on YouTube. When the female XPeng Iron debuted, they were skeptical it was a robot and believed it was a real person in disguise. And this was right before Elon Musk was suppose to have one his what's-going-on-with-Tesla shows. They were saying what Elon was going to reveal there about Optimus was going to make XPeng's Iron an afterthought. What did he reveal? No more prisons in the future and they'll be able to have Optimus robots following criminals around 24/7 watching them making sure they don't do bad instead of housing them in jail. I wonder if the criminal will be forced to change its batteries when it runs out... If Optimustic can do that, Elon just made a gajillion dollars making robot soldiers for the US and yet not one mention of it. It's like the US airborne laser program to shoot down ICBMs from thousands of miles away. If it can do that, more importantly it would be an impenetrable air defense system. No more need for anti-aircraft missiles. No need for Iron Dome or Golden Dome. Literally nothing hostile will be able to get through. That's the selling point. People want jails to imprison criminals as a punishment keeping them out of society. They don't want criminals free to roam around after they committed crimes. That idea is just unrealistic. Elon is just typical trying to get and make money from people buying a fantasy.
Life has gotten in the way so I've only been following the news and this forum sporadically lately. But catching up, it seems there's been a general discussion lately about how China has been supposedly losing the trade war and showing itself to be a paper tiger unable to stand up to the Western world.
But even just reading the outcomes of both the tariff truce and recent Nexperia deal, its clear that all that really transpired was both sides going back to the status quo and even some concessions like US suspension of port fees on Chinese ships. With Nexperia how can that can be characterized as anything other than a win, since China got the Dutch to back off on commandeering the company?
I already made a hammer nail analogy in a previous response to China's handling of Nexperia, so I'll just say. If China's getting a reality check that its not a superpower because it made concessions, then what does that make the US and the EU for not fully going through with their respective threats against China? Exactly.
We live in a multipolar world, most of the major powers today even if they're more powerful than the other aren't powerful enough to defeat one another outright. But there are still nations in this world that fall under the category of what China itself characterized in the past, as nations with no diplomacy. The Netherlands with Nexperia showed that it is such a nation with no diplomacy, beholden to whatever Washington commands even if it hurts the EU. Can one honestly say China falls into that bracket of nations nowadays?
But even just reading the outcomes of both the tariff truce and recent Nexperia deal, its clear that all that really transpired was both sides going back to the status quo and even some concessions like US suspension of port fees on Chinese ships. With Nexperia how can that can be characterized as anything other than a win, since China got the Dutch to back off on commandeering the company?
I already made a hammer nail analogy in a previous response to China's handling of Nexperia, so I'll just say. If China's getting a reality check that its not a superpower because it made concessions, then what does that make the US and the EU for not fully going through with their respective threats against China? Exactly.
We live in a multipolar world, most of the major powers today even if they're more powerful than the other aren't powerful enough to defeat one another outright. But there are still nations in this world that fall under the category of what China itself characterized in the past, as nations with no diplomacy. The Netherlands with Nexperia showed that it is such a nation with no diplomacy, beholden to whatever Washington commands even if it hurts the EU. Can one honestly say China falls into that bracket of nations nowadays?
South Korean bars and cafes putting up "No Chinese" signs.
These cafes and bars justify their discrimination by saying that they would piss off their Korean customers if they allow Chinese customers in. One whiskey bar owner questions why it's racist, because South Koreans have done anti-Japanese campaigns before. Yeah, then why do you label the Chinese cockroaches, and why don't you ban the Japanese too? All of this is just old fashioned racism. Another road side witness laments that South Koreans think that everything bad, including Covid comes from China.
Funny that the SK media doesn't want to call out discrimination against the Chinese as even racism at all. If South Koreans face discrimination in China, we can bet that they'll be screaming about racism and abuse. I have seen a video of a South Korean tourist going to Yanbian and questioning to a Hanbok shop why they consider Hanbok a Chinese heritage. Yet the Chinese shopkeeper remained courteous, but just confused. South Koreans will not face the same level of abuse in China because it's a different type of society and government.
So I see little thawing in the relationship between South Korea and China anytime soon. Even if their governments try to work things out, things are still not looking good on the common people level. Well, long may the silent boycott against SK products continue. SK is welcomed to follow Japan to economic stagnation. It needs to continue being taught that it is not the Master of East Asia.
These cafes and bars justify their discrimination by saying that they would piss off their Korean customers if they allow Chinese customers in. One whiskey bar owner questions why it's racist, because South Koreans have done anti-Japanese campaigns before. Yeah, then why do you label the Chinese cockroaches, and why don't you ban the Japanese too? All of this is just old fashioned racism. Another road side witness laments that South Koreans think that everything bad, including Covid comes from China.
Funny that the SK media doesn't want to call out discrimination against the Chinese as even racism at all. If South Koreans face discrimination in China, we can bet that they'll be screaming about racism and abuse. I have seen a video of a South Korean tourist going to Yanbian and questioning to a Hanbok shop why they consider Hanbok a Chinese heritage. Yet the Chinese shopkeeper remained courteous, but just confused. South Koreans will not face the same level of abuse in China because it's a different type of society and government.
So I see little thawing in the relationship between South Korea and China anytime soon. Even if their governments try to work things out, things are still not looking good on the common people level. Well, long may the silent boycott against SK products continue. SK is welcomed to follow Japan to economic stagnation. It needs to continue being taught that it is not the Master of East Asia.
There are millions of vastly superior and more enjoyable places in the world than South Korea. Only retarded Chinese that love kpop insist on going to South Korea. I was last in South Korea in the 2010s and it was a joke. Really not worth visiting even once in your life.
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For sure. Let them be to prosper and die as they wish.
But why the vitriol? Shein's business model is sales to outside of China.
To what advantage will being headquartered in China do for Shein?
Just like Tiktok is for the non-China market. What advantage will come from being based in China?
The next step for Shein really, as with any Chinese business doing largely Rest of World business, is to shift production out of China - primarily to sidestep tariffs and sanctions. I know a lot of China manufacturers whose primary market is the US and who have already done so since 15 years ago. Do we start hating all these "disloyalty" or do we accept that as fairplay? I actually hat tip to them because a lot of them shifted before the tariff wars actually began, really an indication that the Chinese are always one step ahead of those buffoons in the west. At the end of the day, the Chinese stakeholders are still making lots of money, money that would otherwise have been made by others if China business didn't move first. So why hate?
The other thing is this. I've long harped that lots of people don't realise how much western brand owners make out of manufacturing in China. Let me state a rule of thumb - if something cost $1 to make in China, it will be retailed for $1.50 to $2.00 in China but $5-7 in US/EU simply by spending a few cents on re-boxing and re-branding the same base product. What companies like Shein is doing is literally disrupting this western cash cow by selling direct to their western customer base and in a format that is easily accesible. If you understand this, you can understand why the consternation within wesetern markets and increasing attempts to ban/restrict Shein, et al because they are a significant "national security" threat to domestic import businesses and their economy.
I don't know about you, I've been cheering companies like Shein and Temu ripping the heart out of western manufacturing in Asia and eating their profit streams for breakfast. That countries like Singapore incidentally benefit from this is kinda beside the point ... unless you think that Shein should base themselves in the Netherlands? There aren't many places these days that both East and West trust for a safe, secure and stable business environment. Singapore has built itself around exactly that - for east to meet west and so bully for them to actually cash in on it.
Sure, but Chinese business will carry on making 50c to the dollar while the western businesses will carry on making $3 to $5 to that dollar because the vast majority of Chinese companies still do not know/understand how to do business in the west.
Now that Shein, et. al. have set the template, for sure someone in will step in if Shein folds. But honestly, it doesn't matter who owns Shein as long as it ain't the western fat cats themselves. The key is that these disruptors are undermining the long standing cash cow that manufacturing in Asia afforded to western businesses. The more you undermine their profitability, the less money they have floating around in their economy cos what profit is left is now siphoned off to non-western hands instead.
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Honestly Korean popular culture is still pretty popular in China, though not what it was in the 2010s. The Chinese government sees the new government in South Korea as a relatively friendly / neutral one so it’s not willing to directly act against South Korea for these people to people insults.
Chinese netizens however are free to retaliate at the grass roots level if they wish. There’s tons of targets they could go after for boycotts and internet shame campaigns. There just needs to be will & the recognition it’s happening. These racist establishments & their owners can be placed on a permanent de facto black list to ensure their businesses suffer in the future.
Based on my observations, the Korean Wave has been in deep decline since the THAAD deployment in South Korea. Despite the thaw in Sino-Korean relations, it has vanished from mainstream popular culture, becoming a niche phenomenon. Public opinion has also turned critical of the Korean Wave.