Miscellaneous News

Bellum_Romanum said:

Indonesia has been removed as the host country for FIFA WORLD CUP UNDER 20 due to it's policy of not allowing to host Israel into their country. Unfortunate situations and circumstances for both countries and players that were hopeful of competing in the tournament.

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Serb said:

Let's be honest, I think China's government definitely wants the yuan to replace or considerably strengthen against the dollar, at least to a very large extent, in the coming years. They made it clear in a form of numerous statements from various institutions and then direct actions that followed. It is because China can't achieve common prosperity, one of the quintessential party goals, without doing it, any time soon, I mean in decades, or if ever. And not everything regarding common prosperity is about money, meaning the crude size of people's paychecks, it's also about what kind of jobs people perform. This will all increase the party's standing and legitimacy (positive feelings) amongst the people. They want for their citizens to get more money, but also work better, easier, more engaging jobs than simply factory work. Look how the US has all those influencers, marketers, salespeople, etc. That is the true standard of living, easier jobs, and purchasing power for the common populace.

Yuan must be stronger, allowing China's Central Bank to print it more safely, lower interest rates, and give it to the government on social programs, and infrastructure, hence injecting more money into citizens' pockets in that way. Making them wealthier and making their economy more service-based, and more consumption-driven, so they can work less hard jobs in factories, and do less demanding kinds of jobs while simultaneously getting more money for that. However, this is mostly about low-end industrial, manufacturing jobs as they bring the lowest salaries and are the hardest to work at, China will probably relocate all of that to its allies and iron friends when that happens. I mean when the yuan manages to overthrow the dollar to a large extent. To ASEAN, Africa, Latin America, and other developing countries across the world. That's how China will manage to keep their eyes closed when it dethrones the dollar, and get them all to accept the yuan. It will get have more political power over them in that way, so not everything is lost. Just imagine the clout the Chinese government will have at that time, the queue will be endless. Imagine those FDI agreements' potential and the Chinese middle-income market in the eyes of those countries. At that time China will truly become the center of the world in every kind of way.

Meanwhile, they will keep the high-end manufacturing which won't be affected much by yuan internalization and appreciation. They learned a history lesson of how the US is collapsing and will disintegrate if they put all of their eggs into one basket, and just live in service-based and consumption-driven economic activity. But, China won't allow that, China is smarter, has 5000 years of civilization history as opposed to the US 250 years long history, and China has the means to make sure that it actually controls any of its large corporations, that it wants, and China has legal and sociological leverage over them as they are an autocracy as opposed to the American democratic oligarchy in which the US corporations control the government for example. In China, it's the opposite, the government controls its corporation. And high-end manufacturing is mostly about innovation, education, and intelligence, better salaries, and is more engaging, than low-end production. China will keep the high-end manufacturing sector, it will be immune to yuan appreciation before there is less supply of those products in the world, therefore it will still be sold internationally despite the yuan's stronger exchange rate. China also has the best infrastructure and political system in the world, and R&D will remain in China alongside high-quality production just due to those benefits mainly. But, China's government could also blackmail and potentially ban Chinese companies that want to relocate abroad, and form its domestic market, at that time the strongest in the world, unlike the cuck America in which the corporations control political parties through their lobbying and election interference. America's high-end manufacturing also fled the country, but China's won't. China won't allow their South Koreas, Germanies, and Japans to form like US.

Therefore, to make everything clear, I think China's economic model for the future will be service-based + only high-end manufacturing. I think only with this approach, China can truly transform its 1.4 billion people population into a truly wealthy society. As for how the de-dollarization and yuanization will play out, we see it today. China lessening banking regulations, giving more and more offshore yuan clearing and settlement permission to banks in various countries, increasing circulation of yuan, lessening pegging to the dollar, internationalizing its banks, more government-to-government trade agreements in yuan, more loans in yuan, more other offshore financial and banking services offered in yuan, leveraging its position to get more third-party cross-border trade to happen in yuan, getting more countries to hold yuan in their central bank reserves, more sovereign funds to hold Chinese yuan, promoting CIPS, e-yuan, etc. It's all happening now. China is even doing its own mini version of petroyuan with Russia, and possibly Saudi Arabia and others. And not to your point, China doesn't care if this will all upset Western feelings. They have their own country to run and they don't give a damn about their feelings. If the US and the EU collapse due to hyperinflation due to their currency devaluation, then it's even better for China. It's their mistakes that they run their economies like Ponzi schemes for decades basically. They are also today enemies of China in all aspects. Just to be clear, China has a way more efficient system, and they could always restart low-end production too if a similar situation like a de-yuanization occurs, they have a way more effective leadership. But the West can't do that. China will do currency internalization right, by studying their mistakes, just like China did the Leninist government right after studying USSR's mistakes.

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ACuriousPLAFan said:

Oof, CGTN fires the shot.

https://twitter.com/i/web/status/1641181798376800259

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Temstar said:

So far nothing, all signs point to the Americans wanting to play this one down. According to Guanqi the Americans seems to have deliberately not tip their hand on the scale to make it seem like the local Chinese diaspora is 50/50 on welcoming her/calling her a traitor. Hence all these videos we are seeing of all those Fujianese societies organizing rallies waving red flag and singing that Korean war song where they seem greatly out number pro-DPP people.

On this matter I saw someone theorize on Taiwanese talk show. The idea is that after McCarthy announced he was going to Taiwan CPC must have indicated to Biden that if he goes then PLA will put on a show much like Pelosi's visit. Neither Biden nor McCarthy want a repeat of that (recall Pelosi lost her position after midterm) but they can't just straight up call it off or they will lose face. So instead they engineered this crazy thing where they lured Tsai and her team into thinking if she comes to the states they will welcome her with fanfare. Once that trip is announced they then go "see, now McCarthy doesn't have to go to Taiwan because she's coming to us instead." So crisis averted.

But they're not done, now that she is there they're giving her the cold shoulder as part of what Xi would call create the right conditions for dialogue. They're unlikely to have told Tsai and her team this before the trip so basically she's been played as a fool and used as political bargaining chip.

It's not clear if Ma's trip to mainland is planned deliberately to coincide with Tsai's trip to put up a clear contrast of Tsai's treatment in the US vs the fairly warm treatment Ma is getting in mainland. This may be just a plan by Ma or just a KMT plan. I personally think KMT is too dumb to come up with this on their own and this must be Ma's doing and it's having a strong effect in boosting blue camp morale at the moment.

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solarz said:

It's not just the lack of density though, it's also the extremely low construction efficiency displayed by the public sector. Witness the 10+ years it took to build the six-station Spadina extension. High-rise condos pop up like mushrooms after rain, but a small subway line extension took over a decade to build. No other explanation than blatant corruption, IMO.

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taxiya said:

Regarding the EU officials visit to China, especially Von de Leyen and Baerbock, there is something that most people have missed. CAI is frozen because of China's retaliatory sanction. China has called on EU to walk towards each other meaning removing the road blocks together.

The EU sanction on China expired on 8th of December 2022 after renewal in December 2021. So far I have not found its renewal. It could be that this is the EU's step to end the farce. Their visits to China are therefor China's return. China may then remove the counter sanction, then CAI ratification may get rebooted.

Although Ukrainian crisis got all the attentions, the real purpose of both EU and China is probably for CAI. For this reason, the visits are necessary. For the public consumption (on Ukraine), both sides will just repeat their wellknown positions, it doesn't hurt anyone.

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KYli said:

A show of force.

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siegecrossbow said:

China cannot allow the CAI to pass with the terms unchanged, especially since the original terms offered so much concessions to the Europeans. My suggestion would be to wait until the financial situation in Europe festers for a bit before going back to the table. Do the minimum to keep the channels open and both sides interested, but don’t promise anything.

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siegecrossbow said:

China cannot allow the CAI to pass with the terms unchanged, especially since the original terms offered so much concessions to the Europeans. My suggestion would be to wait until the financial situation in Europe festers for a bit before going back to the table. Do the minimum to keep the channels open and both sides interested, but don’t promise anything.

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