Politics China's Economy and Politics

[primer]

China’s leader Xi Jinping wants the recent spree of mass killings that shocked the country not to happen again. He ordered local governments to prevent future “extreme cases.”

Suppose when you taken away the guns and the problem remains...you have only got a problem to look at.

 

[Connaught Ranger]

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[Hiryu2.0]

What is HMPV? China steps up emergency measures amid new virus outbreak - Weblo

(HMPV)Hospitals packed. Families worried. Social media buzzing with photos of people wearing masks in crowded clinics. This winter, China is seeing a sharp

weblo.info

 

[Picanha]

Rhodium groups Chinese GDP assessment much closer to reality than the invented Komissbureaus 5,2 %, its only 2,4 % increase yoy.

They have very plausible explanations including "authority bias".

After the Fall: China's Economy in 2025

China’s 2024 claim that GDP growth was on track to meet high targets was impossible to reconcile with increasingly frantic efforts to prop up a flagging economy all year long. Collapsing property…

rhg.com

 

[Picanha]

Signs of a very powerful economy

China: Beijing bets on rice cookers and microwaves to boost economy

A list of subsidised household goods has been expanded as Beijing tries to increase domestic spending.

www.bbc.com

Fake it until you make it or not..

The fake can't be hidden anymore since the construction business crash.

Now China has lots of unused infrastructure to take care of in addition to their other problems.

But comrade Xi will properly take care of that....

 

[Picanha]

Another indicator

China’s millionaires eye the exit as economic storm clouds gather

Some 15,200 Chinese millionaires were expected to relocate in 2024, according to Henley & Partners.

www.aljazeera.com

 

[primer]

Placed an order in Chiiina.
Freight $150 US
All freight out of US or EU is down to the cent. As the figure is round and clearly the pulled it out of their arse I asked if there was room for a few more units in the box..answer no.
Adjust order down from 32 to 28 units
Freight $200
Cancelled order.

Another company...they claim they have Chiina lifetime warranty. Asked for back up spare parts that are lost due to them unable to use locktite and thoughtless design. They send a bunch of two sizes of screws and non of the rest of screws, circlips and spacer washers requested. Ask for the missing parts several times never send them.
EU suppliers send everything they can think of for backup and will alter products to suit requirements.

2024 you can't copy your culture into something better apparently.

 

[Picanha]

Der Mann, der die Wahrheit über China nicht sagen darf

Dass Peking seine Wachstumszahlen frisiert, ist für China-Kenner ein offenes Geheimnis. Ein Experte, der den Betrug beim Namen nennt, wird dafür nun von Präsident Xi Jinping persönlich mundtot gemacht. Denn in Peking ist das nicht nur Majestätsbeleidigung.

www.n-tv.de

It is an open secret for China experts that Beijing is fudging its growth figures. An expert who names the fraud is now being silenced by President Xi Jinping himself. Because in Beijing this is not just lèse majesté.

What Gao Shanwen openly said in Washington before Christmas has long been known to economic researchers, financial analysts and in fact everyone who deals with China's economy. Gao, chief economist of the largest state investment holding SDIC, had traveled to the USA for a joint conference of the Peterson Institute of International Economics and a Chinese think tank. And made a kind of unintentional revelation for the People's Republic: "We don't know the true size of China's real growth figure," said Gao. "My own guess is that in the last two or three years, the real figure may have averaged around 2 percent, although the official figure is close to 5 percent."

Translated with DeepL.com (free version)

 

[Picanha]

Placed an order in Chiiina.
Freight $150 US
All freight out of US or EU is down to the cent. As the figure is round and clearly the pulled it out of their arse I asked if there was room for a few more units in the box..answer no.
Adjust order down from 32 to 28 units
Freight $200
Cancelled order.

Another company...they claim they have Chiina lifetime warranty. Asked for back up spare parts that are lost due to them unable to use locktite and thoughtless design. They send a bunch of two sizes of screws and non of the rest of screws, circlips and spacer washers requested. Ask for the missing parts several times never send them.
EU suppliers send everything they can think of for backup and will alter products to suit requirements.

2024 you can't copy your culture into something better apparently.

Its totally uncontrolled one guy working often in China said once the visitors are gone the sleep matresses are taken out.

Not much thought put into design and the service mentality is zero. If you have problems you are on your own its a one way business street.

Saw copies of western machines built with differing sheet metal strenghts. They just took whatever was at hand.

 

[Picanha]

Bond trade stopped by the Comissbureau

https://www.nytimes.com/2025/01/10/business/china-central-bank-bonds.html

And its ever more manifesting in which direction they move.

I wonder how long this game continues.

R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’

R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.

www.nytimes.com

 

[Picanha]

You can't make that up. Why even patent it?

Exclusive—Chinese patents reveal aim to cut undersea cables

Patent applications showed that Chinese scientists had been devising ways for severing undersea cables

www.newsweek.com

Riesenverarsche like we say over here.

Again how long are we putting up?

 

[primer]

So the end the the cancelled order tale ends up with a sample from Taiwan and the tolerance is high. As good as anywhere else.

 

[Picanha]

China doesn't want to pay EU companies appropriately for their SEP technology patents.

EU fordert WTO-Konsultationen wegen Chinas Patentpraktiken

Die EU-Kommission hat Konsultationen bei der WTO beantragt, um Chinas Handelspraktiken bei standardessenziellen Patenten zu stoppen.

www.it-boltwise.de

Now listen to this guy

Yes yes invest in China but not too much and be ready to lose it and Europe has no technology only US and China

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Invest in China until he pulled out his assets.

It will all culminate at some point.

Good that China doesn't need backwards EU tech like DUVL and aircraft engines. And many other things.

A recent encounter:

Funny also how expat Chinese lie in the West to make their country appear "normal" to us. Or whatever reason is there to lie? Do they get repercussions in China so that the are educated to "correct themselves"?

Yes yes every Chinese can use VPN. Those super obvious lies, told even though everybody in the West knows, don' understand that honestly.

And that they think we are some kind of troglodytes.

Talking about drowning in your own kool-aid.

 

[Picanha]

Another indicator...

Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world

Despite weakness in China, "Richemont has never been stronger," investment firm Vontobel's analyst said.

fortune.com

How does that fit to 5% growth?

 

[Picanha]

Vanke taken over by local governments total debt of 45 bill. $

https://www.reuters.com/markets/asia/vanke-woes-test-limits-chinas-property-sector-revival-efforts-2025-01-21/

 

[Redav]

China removes American telecommunications equipment from Cisco and co, to replace with Chinese products.

National security

Nya 360 (@nya360_) on Threads

🇺🇸🇨🇳 China removes American telecommunications equipment from Cisco and co, to replace with Chinese products. National security

www.threads.net

 

[Picanha]

Panama ends cooperation with China.

Handelsblatt

www.handelsblatt.com

 

[Picanha]

China removes American telecommunications equipment from Cisco and co, to replace with Chinese products.

National security

Nya 360 (@nya360_) on Threads

🇺🇸🇨🇳 China removes American telecommunications equipment from Cisco and co, to replace with Chinese products. National security

www.threads.net

We should do the same. Everyone proposing Chinese stuff and postulating ad nauseam "not proven that they spy but but USA" can move to China for a life lesson. Maybe they can sell stuff better to us if they are very close to the source...

 

[TheKiwi]

I mean it was pretty common knowledge post 2014 that Cisco stuff was easily compromised by the NSA/CIA. So it's not exactly a surprise.

 

[Picanha]

Of course naïve to think they wouldn't do it.

In Germany exactly this was used as an argument for Huawei that the US spies too.