shlomo Posted August 13, 2020 Share Posted August 13, 2020 Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted November 23, 2020 Share Posted November 23, 2020 (edited) Dr Sandeep Parwaga @drsparwaga "China has the biggest housing bubble the world has ever seen. They also have many ghost towns (i.e. oversupply), so why is there still a bubble? Because the market is run on gambling and manipulated dynamics, classic signs of speculative markets." The $52 Trillion Bubble: China Grapples With Epic Property Boom Real-estate surge eclipses the one in U.S. housing in the 2000s; desperate buyers undeterred by Covid pandemic https://www.wsj.com/articles/china-property-real-estate-boom-covid-pandemic-bubble-11594908517 Edited November 23, 2020 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted January 17, 2021 Share Posted January 17, 2021 Deaths, self-immolation draw scrutiny on China tech giants https://techxplore.com/news/2021-01-deaths-self-immolation-scrutiny-china-tech.html Quote E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest. China's internet industries already were known for long, demanding days. With millions of families confined at home, demand surged and employees delivered tons of vegetables, rice, meat, diapers and other supplies, often aboard scooters that exposed them to sub-freezing winter cold. For white-collar workers in the technology industry, pay is better than in some industries but employees are often expected to work 12 hours a day or more.,,, Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted March 14, 2021 Share Posted March 14, 2021 (edited) UK declares China in breach of 1984 Hong Kong declaration Raab says Beijing in ‘state of ongoing non-compliance’ with accord that guaranteed a high degree of autonomy https://www.theguardian.com/politics/2021/mar/13/hong-kong-uk-accuses-china-of-breaching-joint-declaration Edited March 14, 2021 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
DarkHorseWaits-NoMore Posted March 14, 2021 Share Posted March 14, 2021 Hmm, won't be long now. This month its Syria being pushed back onto our MSN news adgenda (by who...), next month it'll be back on to Chiiiiina: Quote France sends navy mission to South China Sea as tensions build in Beijing's back yard The move comes ahead of the deployment of the Royal Navy's flagship aircraft carrier ...This week Berlin also announced that a German frigate will set sail for Asia in August and, on its return journey, become the first German warship to cross the South China Sea since 2002, amid growing tensions with China over navigation rights. https://www.telegraph.co.uk/news/2021/03/07/france-sends-navy-mission-south-china-sea-tensions-build-beijings/ Previously: Japan, France, US, UK make hypocritical naval moves against China. ..The moves of France, Britain and the US all aim to push for the militarization of the Asia-Pacific region. They are posing real threats, yet they call China a "danger." https://www.globaltimes.cn/content/1209262.shtml Quote Link to comment Share on other sites More sharing options...
DarkHorseWaits-NoMore Posted April 18, 2021 Share Posted April 18, 2021 Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted April 22, 2021 Share Posted April 22, 2021 On 26/07/2020 at 17:56, DarkHorseWaits-NoMore said: Anyone remember what happened to ~1m Arabs in Iraq and Abu Ghraib? Rendition, Guantanamo bay? Ever seen the great historic city of Mosul with its 600k population? You never will, we leveled it. Israel knee capping thousands for standing in a field? Saudi and Yeman... Yet suddenly the west is getting on its morally bankrupt high horse about how China deals with so called insurgent Islamic extreme ideas. I think pretty soon we're going to know fairly loudly the Chinese for "Phuck off!" 滚开 Quote Link to comment Share on other sites More sharing options...
DarkHorseWaits-NoMore Posted April 23, 2021 Share Posted April 23, 2021 Yep, that'll be it 🙊. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 23, 2021 Share Posted April 23, 2021 The Tory boys appear to have forgotten that in 2015, this happened: Let's keep reminding them. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted June 8, 2021 Share Posted June 8, 2021 (edited) China's competition for living space | DW Documentary https://www.youtube.com/watch?v=C6wY2b9amnA Quote More than 60 percent of China's population of 1.4 billion currently lives in cities. Within a decade, the share of urban dwellers is expected to increase to 75 percent. Construction is booming and competition for residential land is fierce. But the right to live in a city in China is conditional. Authorities want their modern cities to be peopled with well-educated, highly-qualified or politically well-connected residents. As a result, certain standards have to be met to be eligible for a modern, urban home. Only members of China's political classes and the financially successful have a hope of qualifying. Yet more than half of the people who live in cities are so-called "migrant workers." They come from rural communities and have no official rights to settle in cities. They are there to work. With no proper rights, they are merely tolerated while they serve as merchants, servants, waitstaff, cleaners, construction workers and tradespeople. But while they are indispensable to daily life in the cities, they are unable to afford their exorbitant rents. This documentary looks at how and where these workers live, and asks whether middle and working class Chinese even figure in the official vision of shiny, high-tech cities. The filmmakers also look at what happens to those who oppose official plans, or stand in the way of the building boom. Edited June 8, 2021 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 3, 2021 Share Posted September 3, 2021 Breaking - Did China just Declare WAR? https://www.youtube.com/watch?v=6xcvDMDg8TY Quote Link to comment Share on other sites More sharing options...
shlomo Posted September 3, 2021 Share Posted September 3, 2021 https://eu.usatoday.com/story/entertainment/tv/2021/09/02/china-bans-sissy-men-tv-encourages-more-masculinity/5694333001/ China bans 'sissy men' from TV to encourage more masculinity in young men BEIJING (AP) — China’s government banned effeminate men on TV and told broadcasters Thursday to promote “revolutionary culture,” broadening a campaign to tighten control over business and society and enforce official morality. President Xi Jinping has called for a “national rejuvenation,” with tighter Communist Party control of business, education, culture and religion. Companies and the public are under increasing pressure to align with its vision for a more powerful China and healthier society. The party has reduced children’s access to online games and is trying to discourage what it sees as unhealthy attention to celebrities. Broadcasters must “resolutely put an end to sissy men and other abnormal esthetics,” the TV regulator said, using an insulting slang term for effeminate men — “niang pao,” or literally, “girlie guns.” Quote Link to comment Share on other sites More sharing options...
winkie Posted September 3, 2021 Author Share Posted September 3, 2021 Kids do best having brothers and sisters..... harder being an only child, sometimes spoilt and smothered, wrapped in cotton wool....daddies girls, mummies boys. Quote Link to comment Share on other sites More sharing options...
reddog Posted September 4, 2021 Share Posted September 4, 2021 China seem to be making some quite dramatic changes to society, to be honest a lot of it is probably fairly popular, so I am interested to see how it goes. I do think that like "the west", the biggest challenge is demographics. But as they had decades more of the one child policy, I think they will end up with a very heavy burden of older people. Quote Link to comment Share on other sites More sharing options...
shlomo Posted September 4, 2021 Share Posted September 4, 2021 1 hour ago, reddog said: China seem to be making some quite dramatic changes to society, to be honest a lot of it is probably fairly popular, so I am interested to see how it goes. I do think that like "the west", the biggest challenge is demographics. But as they had decades more of the one child policy, I think they will end up with a very heavy burden of older people. I somewhat agree, Xi does seem to be making very family orientated decisions no longer taking its culture from the deprived west Quote Link to comment Share on other sites More sharing options...
shlomo Posted September 4, 2021 Share Posted September 4, 2021 The Briefing The world’s 10 largest shipping hubs shipped 250 million TEUs (twenty foot equivalent units) in 2019 The Asia-Pacific dominates the landscape with 9 out of 10 shipping hubs located in that region Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 9, 2021 Share Posted September 9, 2021 China property market rocked as giant Evergrande struggles to repay $300bn debts Shares in Hong Kong-listed firm slump 10% and bond trade suspended amid fears of contagion in shaky Chinese real estate market https://www.theguardian.com/world/2021/sep/09/china-property-market-evergrande-300bn-debt-share-slump Quote Link to comment Share on other sites More sharing options...
wighty Posted September 9, 2021 Share Posted September 9, 2021 On 9/3/2021 at 8:21 PM, winkie said: Kids do best having brothers and sisters..... harder being an only child, sometimes spoilt and smothered, wrapped in cotton wool....daddies girls, mummies boys. Being an only child, I'm definately a "mummies boy". Well, MILFs to be exact. Quote Link to comment Share on other sites More sharing options...
Huggy Posted September 9, 2021 Share Posted September 9, 2021 8 hours ago, Saving For a Space Ship said: China property market rocked as giant Evergrande struggles to repay $300bn debts Shares in Hong Kong-listed firm slump 10% and bond trade suspended amid fears of contagion in shaky Chinese real estate market https://www.theguardian.com/world/2021/sep/09/china-property-market-evergrande-300bn-debt-share-slump Can't go wrong with bricks and mortar! Quote Link to comment Share on other sites More sharing options...
yelims Posted September 9, 2021 Share Posted September 9, 2021 McWilliams has a good episode today about the real culture war China style Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 11, 2021 Share Posted September 11, 2021 (edited) How You can Fight Back against the Communist Party of China https://www.youtube.com/watch?v=Q3ehy-de3A0 How about starting a Uk low tech Micro factory ? Edited September 11, 2021 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 13, 2021 Share Posted September 13, 2021 (edited) What a Collapse of China’s Evergrande Would Mean https://wolfstreet.com/2021/09/12/the-wolf-street-report-what-a-collapse-of-chinas-evergrande-would-mean/ UK planning last-ditch China climate talks to break impasse before Cop26 Exclusive: Crunch meeting of world leaders tabled for this month, with Xi key to success of climate summit https://www.theguardian.com/environment/2021/sep/10/uk-china-climate-talks-break-impasse-cop26 Edited September 13, 2021 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
felix Posted September 13, 2021 Share Posted September 13, 2021 Evergrande Denies Rumors Of Bankruptcy As Crisis Boils Over, Social Unrest Breaks Out Across China | ZeroHedge Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 14, 2021 Share Posted September 14, 2021 (edited) 7 hours ago, felix said: Evergrande Denies Rumors Of Bankruptcy As Crisis Boils Over, Social Unrest Breaks Out Across China | ZeroHedge China property giant Evergrande admits debt crisis as protesters besiege HQ Disgruntled investors voice anger at headquarters as company appoints advisers and says firesale of assets won’t cover debts https://www.theguardian.com/world/2021/sep/14/china-property-giant-evergrande-admits-debt-crisis-as-protesters-besiege-hq Quote ....However, the group faces serious financial problems and the statement on Tuesday appeared to lay bare the magnitude of the crisis which has seen its bonds fall to less than 75% face value in some cases. Some trading was suspended again on Tuesday amid wild swings in prices. After highlighting its problems raising cash from the firesale of properties and other assets, it said: “In view of the difficulties, challenges and uncertainties in improving its liquidity, there is no guarantee that the group will be able to meet its financial obligations under the relevant financing documents and other contracts. “If the group is unable to meet its guarantee obligation or to repay any debt when due or agree with the relevant creditors on extensions of such debts or alternative agreements, it may lead to cross-default under the group’s existing financing arrangements and relevant creditors demanding acceleration of repayment. This would have a material adverse effect on the group’s business, prospects, financial condition and results of operations.” According to Caixin, Evergrande on Monday proposed that investors choose to accept 10% of the principal and interest of the matured product now and the rest via 10% instalments quarterly, payment by property assets, or by using the outstanding product value to offset home purchase payments. On Friday, Evergrande vowed to repay all of its matured wealth management products as soon as possible. Many buyers of Evergrande-built homes have expressed concern about down-payments made for projects now suspended by the property firm, airing concerns on Weibo, China’s Twitter equivalent. A report last week by Capital Economics said Evergrande had 1.4m properties it has committed to completing, as of the end of June. Analysts at the Hong Kong-based market intelligence firm Reorg described in a recent report how the disputes over contractor payments intertwined with Evergrande’s large exposure of unfinished properties that buyers – as is common in China – have already paid for upfront. “In extreme cases, if China Evergrande fails to complete pre-sold property projects on time, due to inability to pay contractors, China Evergrande will be liable to the purchasers for their losses,” Reorg said. “In line with industry practice, the group pre-sells properties prior to their completion – as a result, banks providing financing to end purchasers require China Evergrande to guarantee their customers’ mortgage loans. If a purchaser defaults on a mortgage loan, the group may have to repurchase the underlying property by paying off the mortgage.” Edited September 14, 2021 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
yelims Posted September 14, 2021 Share Posted September 14, 2021 Quote Link to comment Share on other sites More sharing options...
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