Politics China's Economy and Politics

[Picanha]

Do not deviate from party line

Chinese commentator goes silent on social media after controversial post

Analysts say Hu Xijin’s silence on social media reflects growing uncertainties Chinese people face when commenting on sensitive issues

www.voanews.com

Idiotic and childish Stürmer like article

Poor data spur fear of US economic downturn - Global Times

www.globaltimes.cn

The bought IMF is good for some self appraisal

IMF praises China for its resilient growth

The International Monetary Fund welcomes China's "resilient economic growth and the post-pandemic recovery in private consumption", according to a new report.

www.chinadaily.com.cn

And reality

Subscribe to read

www.ft.com

China’s New Economy Industries Suffer as Tech, Capital, Labor Inputs Drop - Caixin Global

China’s New Economy Industries Suffer as Tech, Capital, Labor Inputs Drop -The Caixin BBD New Economy Index slipped 1.4 points to 31 last month

www.caixinglobal.com

Anyway as a kind of self preservation the sell out to China is over. It will only get worse for them.

And mastering the chip tech already? It's 2024 now and super speed super China specialist engineer scientist is far better and quicker than the Western one.

The sanctions are there since 2020 or even earlier.

Only rumours from weirdo sites like Golem and Telepolis full of sidelined losers rooting for Putin and Xi.

Golem.de: IT-News für Profis

Some rumours no facts only China propaganda which this bunch is spreading since decades.

One commentary is gold "Dear Lord our daily China propaganda dose give us today"

In fact China is stockpiling Samsung AI chips. And is only successful in legacy chips.

Also all other things do not live up when analyzed. When is the time they'll come up with something useable? 2 years 5 years 10 years?

So far only copy action and even there they fail.

China Is Losing the Chip War

Xi Jinping picked a fight over semiconductor technology—one he can’t win.

www.theatlantic.com

 

[Picanha]

Poland surpassed China as export market for German goods.

Poland is now number 4 relegating China to fifth place.

The European common market is a success story and should rapidly be expanded to South Eastern Europe.

The costs pay themselves off through the economic gains made.

Deutsche Wirtschaft: Polen überholt China

Das Nachbarland liegt jetzt auf Platz vier der wichtigsten Absatzmärkte für die deutsche Exportindustrie, während die Volksrepublik auf den fünften Rang abrutscht.

www.sueddeutsche.de

 

[primer]

Anything China can do Ukraine can do better.

 

[haze99]

Exclusive | China poised to embed ‘Communist Party spies’ inside US firms — including Microsoft, critics warn

“They can tell a [Chinese intelligence] agent, ‘This is the person you need to talk to. If you want to coerce them, here’s who they are,’” a House aide briefed on the law told The Post. “’I have ac…

nypost.com

 

[Picanha]

https://www.washingtonpost.com/world/2024/09/20/chinese-economy-slowdown-real-estate-crisis/

The rich ones already left years ago now the middle class leaves. So many Chinese buying property in the EU and relocating their complete family.

Saw a documentary yesterday about a 25 yeo finished master degree student only getting driver jobs but being totally passive and not complaining and not seeing or wanting to see whats the cause.

And some mega smart German managers poured all money on there and lamenting non stop of how bad it's over here. Well yes the Putler gas trick was a one trick pony not returning. If that was all that they could come up with good luck.

Mercedes Benz lowered it's payout expectations it's now only 10 %.

https://www.marketwatch.com/story/mercedes-benz-cuts-guidance-on-slump-in-chinas-economy-b2ca2203

Better buy some China stocks then they have near zero dividends because they operate according to Xiconomics.

Dividend yield

BYD 1,5%

MB 9,71%

Even a poster company like that has such a low yield.

They are bound for a hard crash an especially German companies should stop investing there so much. They will need the money at home eventually.

There won't be any free consumer market on China.

A CCP values control much more than anything else.

 

[Picanha]

More from the righteous and very sincere gov. of China

China-connected spamouflage impersonated Dutch cartoonist

Account part of a spamouflage network that pushed Beijing’s propaganda on X

www.voanews.com

I would trust them unconditionally like a German manager or Merkel.

 

[primer]

China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy.

People's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending. The move comes after a series of disappointing data has increased expectations in recent months that the world's second largest economy will miss its own 5% growth target this year.

Current prime lending rate 3.3%

 

[Picanha]

While they would need to increase the rate to get out of deflation but because of their structural one way street it's impossible.

Deflation leads already to lower salaries. Minus 10% even in their pet industries pampered by Xi.

China's deflation is starting to snowball into lower pay, igniting a dangerous spiral

“We are definitely in deflation and probably going through the second stage of deflation.”

fortune.com

 

[yangguizimeima]

中国能做的任何事情，乌克兰都能做得更好。

？

 

[Picanha]

And so it begins China introduces a "travel abroad management" teachers and other state servants must hand in their passports. I posted the German article because the original FT is behind a paywall you can translate it with deepl.

https://www.focus.de/politik/ausland/xi-schraenkt-reisefreiheit-fuer-viele-beamte-ein-lehrer-in-china-muessen-ihre-paesse-abgeben_id_260375242.html

If you want to leave the country you have to apply for it at said office.

How nice of Xi that he manages his citizens travel plans - top service.

 

[Picanha]

It's even stricter and more GDR like than thought. I read an other article regarding that and it says it now extends to even ordinary people.

I noticed lots of Chinese buying property for example in Portugal but also in Germany and bringing their whole family over complete with grandma and grandpa.

Makes all sense now as the big wall is coming and no future in China.

And st some point in the future German managers won't be able to visit their factories anymore. Every cent invested there is lost.

Wait a few years. Some smarter companies like Neuron (a robotics company) bought out their Chinese part and relocated all manufacturing back to Europe.

Xi can't trust his citizens he must control them and their thoughts and then us afterwards (if we continue the idiotic naivite).

To illustrate the crazyness the other article states that even if you apply for travel and you get a passport issued you have to sign to not watch reactionary movies or talk bad about China.

 

[Picanha]

It's 8 months old but telling.

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Who is fleeing into China - from the West - nobody?

We have the new east West divide here.

Some are using their last chance before:

"Niemand hat vor eine Mauer zu errichten"

 

[Picanha]

China’s plan to boost flagging growth is the very definition of economic insanity | George Magnus

For the fourth time in 16 years, ‘bazooka’ stimulus aims to reset the economy – but China’s problems demand structural solutions

www.theguardian.com

 

[Picanha]

The 2024 Nobel Prize in Economic Sciences triggers debates on China’s economic growth

A few critical voices are using three Nobel laureates' research to argue for institutional reform in China. Critics say change is essential to address the country's economic woes.

globalvoices.org

 

[Picanha]

Opinion | Industrial profits slide highlights China’s need for balanced economy

Amid mixed signals on the health of the economy, President Xi Jinping calls on top officials to keep China on track to meet annual growth target of about 5 per cent.

www.scmp.com

Uh who woulda have thought that.

VW is in big turmoil because loss of profits but still way more profitable than all China companies. Yet they pull the trigger now lower costs etc etc to increase profit and keep the company alive.

China's Xiconomucs on the other hand: They produce and produce and produce ...without "Sinn und Verstand" as we say over here.

The are happy if companies have a low single digit profitability. like 1 - 3 maybe 5 %

Command economy doesn't work and to some extent Chinas is becoming one more and more.

"Mixed early signals and anecdotal evidence following recent stimulatory measures are to be expected. However, one that stands out is news of a 27.1 per cent slump in the profits of major industrial firms in September, year on year, following an 18 per cent fall in August.


This reflects lack of demand and overproduction."

 

[primer]

Back in 2019, Biden slammed then-President Donald Trump's move to impose tariffs on $300 billion worth of Chinese imports.

"Trump doesn't get the basics. He thinks his tariffs are being paid by China," Biden said at the time. "Any freshman econ student could tell you that the American people are paying his tariffs."

Then in 2020, while campaigning for the White House, Biden vowed to remove Trump's tariffs if elected.

Biden kept the tariffs and added more in his unpopular 3 years. EU and Canada have added tariffs to Chinese made.
Trump had no inflation, China is a steady 16% of imports for the bohemoth consumer and never met a lefty who didn't like taxes. So as the evidential laptop unfolded despite whatever arrangement they had with Hunter, Joe wasn't allowed to remove them.

Why would one as President want to not protect US jobs? Any freshman can see it.
Springsteen sang about it..

Now Main Street’s whitewashed windows and vacant stores
Seems like there ain’t nobody wants to come down here no more
They’re closing down the textile mill across the railroad tracks
Foreman says these jobs are going boys and they ain’t coming back to your hometown
Your hometown
Your hometown
Your hometown

China had a good run while their clinically blind friends were elected, Xi and his chinese will need to get philisophical about it when Trump gets elected.