Kuomintang’s (KMT) presidential candidate Hou Yu-ih has bowed out of the 2024 Taiwan presidential election.

He delivered a rousing speech, conceding defeat to and congratulating his Democratic Progressive Party (DPP) opponent, William Lai Ching-te.

Hou thanked his supporters and apologised for "disappointing" them.

He said: "Thank you everyone. With regard to the results of the election, I tried my best. Unfortunately, I disappointed everyone. I express my deepest apologies."

December data continues to underwhelm
Readings for December showed that economic weakness was likely to extend into early-2024, as the economy remained in deflation, while factory activity failed to recover.

Other data on Wednesday showed industrial production grew 6.8% year-on-year in December, beating estimates of 6.6%, while retail sales grew 7.4%, missing estimates of 8%. While both figures appeared to show strong growth, they also benefited from a lower base of comparison.

Capital spending also slowed substantially during the year, with fixed asset investment growing 3% in December- remaining close to its slowest pace of growth in nearly three years.

China’s unemployment rate unexpectedly grew to 5.1% in December from 5.0% in the prior month.

Chinese stocks slide as Q4 GDP misses expectations
China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell between 0.7% to 1%, as the country’s fourth-quarter gross domestic product grew slightly less than expected, at 5.2%.

Losses in mainland stocks dragged Hong Kong’s Hang Seng index down 3%, as did weakness in heavyweight technology shares.

Annual GDP growth came in at 5.2%, beating Beijing’s 5% target for 2023. But a bulk of this growth was driven by a lower base for comparison from 2022.

Market never trust CCP data. That's why smart money is smarter than you.

This shift is partly due both to geographic proximity – Taiwan is the Philippines’ closest neighbor – and to the fact that the Philippines’ status as a U.S. security ally has de facto embroiled it in the growing U.S.-China tensions over Taiwan. For these reasons, Macros stated in a recent interview, “it’s very hard to imagine a scenario where the Philippines will not somehow get involved” in a conflict over Taiwan.

Taiwan is not alone.

Philippine President Ferdinand Marcos yesterday extended his congratulations to Lai Ching-te, the winner of Taiwan’s presidential election, saying that he was looking forward to “close collaboration.”

“On behalf of the Filipino people, I congratulate President-elect Lai Ching-te on his election as Taiwan’s next president,” Marcos wrote yesterday on the social media platform X (formerly Twitter). “We look forward to close collaboration, strengthening mutual interests, fostering peace and ensuring prosperity for our peoples in the years ahead.”

Japanese Foreign Minister Yoko Kamikawa

Japan offered congratulations for Lai's election and the smooth vote, Foreign Minister Yoko Kamikawa said in a statement.

"We expect that the issue surrounding Taiwan will be resolved peacefully through dialogue, thereby contributing to the peace and stability in the region," the statement said.

"For Japan, Taiwan is an extremely crucial partner and an important friend, with which it shares fundamental values and enjoys close economic relations and people-to-people exchanges," it said, repeating Japan's usual lines about Taiwan.

Who cares about CCP' response paper tiger.🤣🤣

British Foreign Minister David Cameron

Cameron congratulated Lai on his win and said he hoped Taiwan and China would renew efforts to resolve their differences peacefully.

"The elections today are testament to Taiwan’s vibrant democracy," he said in a statement. "I hope that the two sides of the Taiwan Strait will renew efforts to resolve differences peacefully through constructive dialog, without the threat or use of force or coercion."

金磚峰會小插曲：習近平助手被阻攔入場

https://youtu.be/WwJ0pxYep04?si=HdNCKyabhYk39V6R

Bidden secret agent never experience this 🤣🤣

The outflow has gained momentum for more than a year now. According to Beijing’s National Bureau of Statistics, foreign companies pulled a total of $160 billion of earnings out of country during the 18 months through September, the most recent month for which data are available. In just the summer quarter alone, withdrawals overwhelmed foreign investment inflows so that for the first time in a very long time, China suffered a net outflow of foreign-based funds, to the tune of $11.8 billion. There can be little doubt that these significant funds flows have contributed to the about 5% decline China’s yuan has suffered relative to the U.S. dollar so far this year.

More Money Is Leaving China

China’s already beleaguered economy is facing yet another problem. Foreign firms, some long-established in China, are rethinking plans to modernize and expand and have begun to send their profits home or elsewhere in Asia and even further afield. The trend has diverse causes — some immediate, some more fundamental – and has been developing for some time. Whatever its cause, however, it has made China’s economic recovery looks even more problematic.

Chinese Secret Service in Action

https://youtu.be/pVTUmj6NfJQ?si=Vyt2to2qD8pKxuDF

Only dictator so scare of his own citizens.

Silly Xi was the i.diot who extremely scare of his own people, everytime he visited any place all people must be cleared and even windows around the street where he visited must be closed. He sent bodyguards to pretend normal citizens to welcome him. A real joker.🤣🤣

Yes blaming US & Taiwan everything to cover own real estate crisis, negative assets, youth high jobless rate. 🤣🤣

Fly more military aircraft over the median line in the Taiwan Strait, attempt to poach more of Taiwan's formal diplomatic allies and punish Taiwan business interests that favor Lai, the analyst said.

All these were useless because Taiwanese rejected CCP corrupted and power abuse dictator Xi.

After China's largest private asset management company, Zhongzhi Group, exploded due to insolvency, investors may lose more than three-quarters, or even recover only 13% of the principal.

Bloomberg reported on Monday (November 27) that Ying Yue, a lawyer at Shanghai Lianggao Law Firm, said that Zhongzhi's debts were as high as 460 billion yuan (about 64.9 billion U.S. dollars), and only about 100 billion yuan could be recovered after liquidation. Moreover, the court proceedings related to Zhongzhi are expected to be protracted.

Sun Jianbo, founder of Huaxin Capital, a Beijing-based asset management firm, also told Bloomberg that non-performing assets are usually sold after a 70% discount. Bloomberg concluded through calculations that this means that ZZ investors can only recover about 13% of the principal.

DPP’s Lai Ching-te wins Taiwan’s presidential election

https://youtu.be/mhbU3Lsc8Zw?si=AopksHgifpFBRIah

osted by Sslee > 2 minutes ago | Report Abuse

Posted by Jefftan123 > Jan 14, 2024 8:42 PM | Report Abuse
What a joke u call Malaysia a democracy system under Tun M.🤣🤣

Yes democracy is a joke. Can be easily bought over by money, girl and power.🤑😪

Ha ..... without election, CCP could not enjoy money and girls. 🤣😉

CCP Xi a dictator with zero vote. What an evil

The second, introduced by Oklahoma Republican Frank Lucas, directs regulators to exclude the People’s Republic of China from banking organisations if the US president notifies Congress of threats to Taiwan arising from Beijing’s actions.

A very strong message.

California Republican Young Kim says her bill meant to send Taiwanese “a strong message of solidarity and support for their democracy”

Taiwan deserve it for the technology, economy and democracy.

US House passes finance bills bolstering Taiwan, squeezing mainland China ahead of island’s presidential election
-One supports including Taipei in IMF while another directs regulators to exclude Beijing from banking organisations over threats to self-ruled island

The next Russia if try to be funny.

Kuomintang’s (KMT) presidential candidate Hou Yu-ih has bowed out of the 2024 Taiwan presidential election.

He delivered a rousing speech, conceding defeat to and congratulating his Democratic Progressive Party (DPP) opponent, William Lai Ching-te.

Hou thanked his supporters and apologised for "disappointing" them.

He said: "Thank you everyone. With regard to the results of the election, I tried my best. Unfortunately, I disappointed everyone. I express my deepest apologies."

can i conclude the result show the result of CCP political system as dictatorship where 0% rule over the other 100% ?

For decades, China's economy has relied on a booming real estate sector fueled by population growth. The real estate market creates jobs, while China's growing middle class invests their wealth here. Local governments also rely on land sales for revenue.
But China's population is no longer growing as it once was, and the strict Covid restrictions that have been in place for years have transformed Chinese consumers. The industry's high-risk practices, coupled with the government's crackdown on them, have led to huge debts for property developers, with new homes in excess of demand.
Housing prices have plummeted as the government tries to shift from a state-led investment and export-driven economy to one dominated by domestic consumer spending, eroding Chinese households' savings and confidence.

The turmoil in China's real estate market is shaking China's economy and the world economy, which has come to rely on China as a reliable engine of growth.
Large developers are struggling, facing huge losses, struggling with mountains of debt and unable to repay their loans. The long-running construction boom that drove China's economic growth has come to a halt, threatening jobs and savings for millions of households. China's stock market plunged and the renminbi depreciated as officials moved to spur economic growth.

Taiwan People’s Party (TPP) Ko Wen-j learned from UMNO, would join the government to share the resources. KMT was defeated as 90% of the voters rejection of CCP "one party 2 system" policy.

WOW. Such a big corruption PLA was a rubbish.🤣🤣

KMT failure was a sign of Taiwanese rejection of "One Country two systems". Just looked at the result os HSI back to 1997.

Funny CCP's supporters, DPP & US without over 50% votes not OK. But CCP zero vote is OK.🤣🤣

Banks Run Out of Money, Demanding Salaries Back From Employees; Firms Bankrupt, Bosses in Deep Debt

https://youtu.be/V1KdstIJCvo?si=Clu6zkQ1xq5dFIJR

Fu Lei, senior executive at Tebon Asset Management, said China's REIT market is dominated by risk-averse institutional investors.

That means volatility "triggers a rush for the exit ... which in turn magnifies mood swings and invites more volatility", he told an online roadshow on Wednesday.

CCP representative want to teach Taiwan how to choose President ? 🤣🤣

CCP got zero vote to government.🤣🤣

President Lai Ching-te has the majority vote, even PH/Anwar did not get 60% of the votes to form government.

Did PH/Anwar get 50% of the vote to form government ?

Another REIT, CCB Principal Zhongguangcun Industrial Park , whose income is composed of office rents from tech start-ups in Beijing, has said government crackdowns on the internet sector and economic hardship had raised vacancy rates.

The meltdown has triggered a slew of stabilisation measures by REIT managers, including trading suspensions, increased transparency, and investments by underlying properties' biggest owners.

CICC GLP Warehousing Logistics also plunged to record lows on fears it would be similarly affected.

Investors also dumped REITs backed by industrial parks amid signs vacancy rates are soaring. Vacancy at retail properties climbed to 9.1 per cent at the end of September, from less than 6.0 per cent in 2019, according to CBRE, showing the lingering impact on consumption from the COVID pandemic.

The Hua An Zhangjiang Industrial Park REIT has plunged 24 per cent this year. Only 61 per cent of space at an office building in Shanghai was rented out at the end of 2023, down from 94 per cent six months earlier, its asset manager disclosed, citing the loss of a key tenant.

Most of China's 29 listed REITs are backed by infrastructure assets such as industrial parks, tollways and sewage treatment plants. Other REITs backed by shopping malls and supermarkets will be launched this month.

BIGGEST CASUALTIES

In the latest bout of relentless selling, REITs backed by logistics properties were among the biggest casualties.

The Harvest Jingdong Warehousing and Logistics REIT has tumbled roughly 30 per cent this year, taking a hit after its Jan. 4 disclosure that leasing fees at an underlying warehousing project in central Wuhan city had been cut by 13 per cent in the new year.

"In an economic downtrend, it's getting harder and harder for REITs to make money," said Xia Chun, chief economist at Forthright Holdings Co.

Although REITs derive yields from relatively stable fee or rental incomes generated by underlying assets such as office towers or warehouses, Xia said REITs trade more like stocks than bonds, with big ups and downs, particularly in China.

After some initial excitement after its 2020 launch, China's REIT market has witnessed an eye-watering bubble burst. The REITs index has nearly halved from its early 2022 peak.

After tumbling 28 per cent in 2023, the CSI REITs Index has dropped another 6.4 per cent this year through a rare, seven-day losing streak driven by one REITs manager's disclosure of cuts in warehouse rental prices and broader fears of falling yields.

The selloff reflects tumbling confidence in an economy where a deepening property crisis, weakening consumption and sputtering business activities have sapped demand for office buildings, warehouses and shopping malls.

It also complicates Beijing's efforts to lure investors into a nascent REIT market designed to channel badly needed cash to indebted local governments and property developers.

China REITs plumb record lows as economic gloom lingers

SHANGHAI/SINGAPORE: China's real estate investment products are tumbling, extending last year's slump as investors lose hope for a recovery in the economy and property assets such as industrial parks and logistics hubs.

Chinese real estate investment trusts (REITs), which issue shares to investors against a portfolio of real estate holdings, have hit successive lows in the first few days of 2024.

Posted by Jefftan123 > 6 hours ago | Report Abuse

HK index back to 1997. 🤣🤣

stock market give those i.diots many times opportunity losing their pants.

China Facing 280 Million Jobless by 2024? Youth in Terror, Unemployment Rate Feared Over 20%

https://youtu.be/R83aiucYvek?si=obBFNrxXqtZsXtl6

Wall Street’s benchmark S&P 500, which remains within a whisker of a record high set in January 2022.

Those i.diots keep on telling US dollar and stocks collapsing, end up looking at the mirror. Collapsing of Shanghai and HK stocks. Lol.

Most Asian stocks retreated on Wednesday as investors remained on edge over U.S. inflation and early interest rate cuts, while Japan’s Nikkei 225 jumped to a 34-year high amid growing expectations of a delay in the Bank of Japan’s plans to tighten policy.

which i.diot keep on telling Japan is collapsing. Lol

"recover 30% of their money". 70% of their money went to CCP's red army 2nd and 3rd generations for their girl friends and migration to US, left their supporters continue to hate westerns and US. Lol

“The worsening woes at Zhongzhi, a major player in China’s $3 trillion shadow banking sector”

World human history lost in a single private company. Changes not seen for hundreds of years, only made in CCP worse than 3rd world countries. Lol.

Posted by foongsh > 3 hours ago | Report Abuse

Chinese shadow bank Zhongzhi files for bankrupcty

Beijing — Chinese wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn.

Silico Valley Bank, Signature Bank and First Republic Bank were saved by big banks most important depositors able to get back their money. Not like Zhongzhi's investors lost their pants.

The notebooks' processor bears a strong resemblance to the HiSilicon Kirin 9000 which was packaged in the 35th week of 2020, the team concludes. "The die uses the same BEOL [back end of line] stack and process node that TechInsights has reported for the Kirin 9000 processor."

In the years since Huawei attracted the US' ire, both the Trump and Biden administration have steadily ratcheted up export controls on Chinese designers developing domestic semiconductors. Recently Biren and Moore Threads, two of the Middle Kingdom's more promising GPU vendors, faced similar sanctions after the US Commerce Department named both on its "Entities List."

Huawei "cheats". 🤣🤣

too bad not manufactured by SMIC but CCP keep on telling lies.