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Post by herosrest on Aug 23, 2023 10:21:06 GMT
As Xi came to power in 2012, five and ten years plans were in place and underway to urbanise great swathes or countryside around large cities and urbanise quality of life for 400 million transient workers - those travelling to the cities from the countryside. A great idea really - spankingnew concrete chicken coups for 30% of the population. It's going oh so well, isn't it. Mind you, car production in China decreased to 2,115,000 Units in July from 2,219,000 Units in June of 2023. That's about 25 million a year. As car sales decline the production will be shipped and sent abroad at knockdown cut-throat loss leading prices and the game is up for pretty much all domestic manufacturers.
What a pity that they cannot export all those empty high rise luxury apartments. Oh wait..... Of course they will.
Invest in a Chinese bargain...
This report is courtesy of Bang Mi Silly News.
Yup. New homes for 400 million Chinese farm dwellers.
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Post by quincannon on Aug 23, 2023 16:03:14 GMT
Economies that are centrally directed always fail HR. The Chinese are every bit as bright as the Russians and North Koreans in that regard, which is to say "NONE TO"
It went without much notice but last week the US, South Korea and Japan's representatives met at Camp David. That was something for China to take serious notice of, but they probably did not, given their delusional hubris. Chinese leadership is very much like George Custer, people that think they are on a roll until their not.
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Post by herosrest on Aug 23, 2023 22:03:00 GMT
I don't keep anything like a close eye on life there but dig into it now and again. There was a move towards liberalised market economics which developed a huge number of wealthy oligarchs and huge credit derived (leveraged) wealth which bumped along producing phenomenal growth that delivered the economy of today. Xi seems to be reigning in the free marketeers and slowly drifting into the total authoritarian regime which stifles, tramples and diminishes economic growth. Just passing thoughts. There is a hell of a mess with pollutions and population also with it unlikely ever to be forgotten that it was revolution which brought the CPC or is it PCP, to modern and advanced World. Chinese are clever and make no mistake on that. So were the Sioux but their system could not compete.
The idea that 400 million people could be lifted out of rural poverty was immense. In effect, they would create the equivalent of an entire USA in 10-15 years, or more. Looks like it will be more. What is interesting, bearing in mind China has done cencus for thousands of years, is they are aware their population will decline and do it on steroids as the aging portion demise. Recent policy is virtually 'Bang me silly' stuff to get future workforce numbers up but that seems to be a change of attitude in the last few years. As is usual with people, the joined up thinking, isn't but what they have done in 40 years is remarkable. It took the US 400.
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Post by quincannon on Aug 24, 2023 0:53:19 GMT
Yes, it took us 400 years but we had to carve ours out of raw wilderness. The Chinese had several Millinia to work on their problems and they still did not get it right. A good economy requires free people to make their own decisions
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Post by herosrest on Aug 25, 2023 14:13:20 GMT
Actually, they simply stole and copied and undercut and still hold developing nation status approaching largest national GDP. The wheels will fall off because the incredible growth for so long, outstripped ability to repay the debt. They will default like no-one ever before and say, whoops you're all getting what you deserve. It's time to build kill switches into every chip and let China have all they can eat. Oh whoops.... Like no-one thought of that already. 😠🤔 It is entirely brilliant of the UK to have succesfully and very quietly claimed all sea water on the planet. It's ours - yippie.... www.euronews.com/green/2022/12/13/significant-breakthrough-this-new-sea-salt-battery-has-4-times-the-capacity-of-lithium |
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Post by quincannon on Aug 26, 2023 1:01:35 GMT
Britania does rule the waves. It must be true. The song says so, and I read the lyrics on an impeccable source - The Internet
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Post by herosrest on Aug 28, 2023 10:02:29 GMT
God Save the King, Sir! No one else will.............. China's dream, it's economic miracle IS being exported and one can only say that those giving and those receiving its benefit are about as insane as it gets. Malaysians have expressed concern at the prospect of a housing glut and environmental damage from a huge land reclamation effort. The project aims to house 700,000 people by 2035 in a development that includes office towers, malls and schools, besides residential buildings. Malaysian Prime Minister Anwar Ibrahim said the project would be designated a "special financial zone" to attract investment, and help cut the cost of doing business there. The Chinese genius behind the $100 billion project - Country Garden. The largest of China's megalomaniac businesses to teeter on the edge of abyss. www.reuters.com/world/asia-pacific/malaysia-offers-new-incentives-country-gardens-100-billion-project-2023-08-28/ Maylasia GDP forecast There is nuts Then there is stop them in their tracks because the insanity destroys the planet. Now, don't be greedy. 1% of 100 billion.............. hmmm - Tough one, that. So, who'd settle for 1%........  |
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Post by herosrest on Aug 29, 2023 7:50:54 GMT
Let's see. 2018 and Country Garden splash the obligatory squillions of Yuana another deal.............. into property anywhere on Earth except China, and when the bottom falls out - they buy back shares to keep the pool (of them)liquidified rather tha dated. The group is in a good financial position and its working capital during the period was financed by internal funds generated from operations, bank loans and paid-in capital from shareholders," the company said. link In 2017, it achieved profits of 11% on contracted sales of £62.3bn. In mainland China it had 1,468 active projects in 768 towns, 220 cities and 30 provinces. It has still not begun development of Howland Island. The company missed payments on loans in 2023, has injected itself with more loans and is buying back its own shares from its shareholders. So, all things being equal and belevably - they are - during the year of the rat...... they are fleeing the sinking pontoon game with billions financed by even more loans. Wait and watch...... How long before Xi, figurws it out? You don't suppose that............... naaaa........ He couldn't possibly............. be a director and shareholder. No, he's invested in their bonds..... A genius!  This story is hot from Bang Mi's Stupid News and may be poopable. Best enjoyed in the little office, in privacy. |
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Post by herosrest on Aug 29, 2023 8:00:41 GMT
Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half. The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms. Evergrande is at the centre of a real estate market crisis threatening the world's second largest economy. On Sunday, the firm posted a 33bn yuan ($4.5bn; £3.6bn) loss for the first six months of the year. However, that was an improvement on the 66.4bn yuan loss it reported for the same period a year earlier. The company's directors "have taken a number of measures to improve the liquidity position and financial position of the group," Evergrande said in a filing to the Hong Kong Stock Exchange. link Ping Fah So LahTiDoh, a senior exec planning downsizing the corporate HQ into Guangzhou, stated the new office will reserve the top (217th) floor for senior officers able to fly without wings. This was after the $1 billion HQ in Shenzen was taken over by a Receiver....  My God, Harry............. They kept that quiet. The B'stards............ www.bloomberg.com/news/articles/2022-09-13/evergrande-s-hong-kong-headquarters-taken-over-by-a-receiver?leadSource=uverify%20wall |
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Post by herosrest on Aug 29, 2023 8:16:47 GMT
The reason I mention this, is that, pretty much anyone in China at this moment - which is potentially 1.5 billion of them - want their money anywhere but China. Since the government are strangling legitimate capital flight - there is an incredible opportunity at this time to relieve those desperate souls of every lasy sioux they own because it's wor thless whilst invested in China. Follow Musk..... andhis sleepless Knights. Charge! Charge again but charge less........... A disaster like nothing ever before, awaits. It's going to be interesting. Note, travel from China which funds half the World's travel - has collapsed. Worry not though, just send them chips............. edition.cnn.com/2021/07/23/china/china-flood-climate-change-mic-intl-hnk/index.htmlYou build an economy in fifteen years which is one third larger than the USA today and then sit around back slapping wondering at what the F just happened! Do invest in China. |
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Post by herosrest on Aug 29, 2023 8:31:50 GMT
Government borrowing is the next shock. It will become cheaper shortly than during the credit crunch crisis because the only place to be is liquid in cash. There is nothing else as interest rates rise. This is counter-intuitive but simple reality. The only way to take the liquidity out of inflated economies is with Govt. bonds. Let's explain inflation. It happens because there is too much cash in economies. It's that simple. Inflation falls when the cash dries up and the only safe place for all the cash is.........................
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Post by herosrest on Aug 29, 2023 8:50:16 GMT
Meanwhile in London, where a pollution charge on older emitting vehicles has come into force link - the website where you can check elegibility has........................... crashed! So very, very, sorry............ The law is that driving a polluting vehicle will now cost £12.50 (about $16) per day. About $4k per year for someone driving 5 days a week. |
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Post by herosrest on Aug 30, 2023 18:28:58 GMT
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Post by herosrest on Sept 27, 2023 0:11:26 GMT
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Post by herosrest on Sept 28, 2023 9:45:11 GMT
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