foongsh

foongsh | Joined since 2023-02-05

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2023-06-09 13:24 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

Asia FX dips as Chinese inflation disappoints, dollar steadies

When will US dollar become toilet paper ? CCP supporters please short the dollar as de-dollarization in process. Please teach BNM throw away US dollar as reserve replaced by RMB and Russian Ruble

CCP con all their silly alliance to buy RMB but CCP buy more US dollar that's why RMB dropped until 7.1. Only silly fools will believe RMB will take over US dollar in foressen near future. Malaysia pray RMB could hold above 7.3.

News & Blogs

2023-06-09 09:54 | Report Abuse

Posted by IDQWE001 > 8 hours ago | Report Abuse

Local Chinese fed up of Xi administration to bring them at risk to work together with evil Putin to confront the alliances. End up results is deflation, global supply chain restructuring, jobless, property bubble burst, local government debt trap, negative assets.

Although no system is perfect democracy is still the best. It just like Malaysia change government by voting.

News & Blogs

2023-06-08 23:37 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

CCP good in generating all data trust at your own risk especially there are many funds managers offer to buy China funds. qqq should all in to buy china funds to support and don't just lip service.

qqq is the running dog of CCP, you think he dare to all in his fund to those rubbish property equities. Even CCP member's funds go buying US dollars and put their money there. Thats why RMB dropped until 7.1 today. Talk no use fact and data tell you everything.

General

2023-06-08 22:15 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

Due to the pains citizens start to realise Xi bring them to wrong direction. CCP do not have enough approval rate.

With now so many social media from local chinese the voice is aligned. They are fed up with Xi administration. They like Deng, Jiang & Hu era to work with entire world to develop the country and contribute to the world. But now the silly Xi bring the country to wrong direction end up normal citizens suffered. CCP members still enjoy their privileges but the country suffered.

General

2023-06-08 18:33 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

驚恐!中國地方債爆表,官員發不出工資!雲南昆明城投會議紀要曝光,10億債務或將藉社保金堵“窟窿”開啟危險先河!武漢政府財政告急,公開登報討債,中國經濟積重難反!官僚體制崩潰,洗腦宣傳成笑話!領導只要錢

https://youtu.be/5vpqoI-Ba38

Another local government debt trap due to feeding white elephants no money to pay salary. Social security funds were cut normal citizens suffered.

General

2023-06-08 11:49 | Report Abuse

Posted by IDQWE001 > 54 minutes ago | Report Abuse

Posted by foongsh > 42 minutes ago | Report Abuse

End up how ? Global supply chain restructuring. Technology banned. Jobless. Deflation. Property bubble burst.

Xi join together with evil Putin to form evil axis. This is the pity results.

End up EU, NATO+, Indo-Pacific, Five Eyes, AUKUS joined allaince to resist evil alliance. CCP dogs jumping up and down but nothing can do. Very pity.

General

2023-06-08 10:08 | Report Abuse

EURASIAChina & Russia pledge ‘changes not seen in 100 years’: Xi & Putin take aim at US dollar hegemony
China’s President Xi Jinping traveled to Russia to meet Vladimir Putin, pledging “changes the likes of which we haven’t seen for 100 years”, agreeing to deepen economic integration and challenge the hegemony of the US dollar using yuan and other currencies in international trade.

End up how ? Global supply chain restructuring. Technology banned. Jobless. Deflation. Property bubble burst.

General

2023-06-08 09:52 | Report Abuse

Posted by IDQWE001 > 31 minutes ago | Report Abuse

China products export to US dropped 20% in May but inport from ASEAN, India & Mexico increased.

After global supply chain completely done, the futures are India, ASEAN.

General

2023-06-08 08:56 | Report Abuse

Funds moving out from China very fast because economy unstable caused RMB depreciate very fast.

General

2023-06-08 08:54 | Report Abuse

Posted by FortuneBull777 > 8 hours ago | Report Abuse

China at the moment in difficult domestic economy situation! Many manufacturing districts have gone tot he dump! Millons are jobless! Fresh graduates have zero prospect! Many end up working in low paying jobs with no prospect of getting cosy job like before!

Cheap products Global supply chain restructuring to ASEAN, India and Mexico, factories have no order caused very bad jobless. Foreign fund investment move to ASEAN, India and Mexico as well. Xi brought the country wrong direction only normal citizens suffered.

General

2023-06-08 00:14 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

中国经济隐忧挥之不去 人民币跌至今年新低

Keep on printing money but no more effect. If printing money is to feed white elephants it is no more working.

It is called deflation with property bubble burst, high jobless with bad debt and no money to spend. A perfect storm.

General

2023-06-07 20:06 | Report Abuse

地方债飙升 中国难缓解投资者担忧

彭博社专栏

中国力求缓解投资者对地方债务飙升的担忧,但该举动几乎没有安抚投资者对这个全球第二大经济体金融稳定风险的忧虑之情。

新华社周一援引中国财政部一位匿名官员报道,政府财政状况健康安全,当局有足够的资源来应对风险。该官员表示将避免系统性风险。

经济学家们表示该报道未提供任何新的细节可以让投资者对债务问题感到放心。

“北京方面在寻求传达一个信息,即没有必要恐慌,”法兴银行的亚太区和中国首席经济学家姚炜表示。

“但该报道对缓解投资者的担忧只能起到有限的作用,因为数据是公开的,数据本身就可说明问题。”

投资者尤为关注地方政府融资平台(LGFV)筹集的表外借款。经济学家警告称,LGFV可能造成中国首次发生公募债违约。一家与昆明市有关联的LGFV上个月在最后关头避免了债券违约。

LGFV违约几率低

渣打的大中华区和北亚区首席经济学家丁爽表示,新华社报道中有关解决地方债务问题的方式所使用的措辞,暗示其传达出的信息没有“新内容”,例如北京方面的立场是中央政府不会救助LGFV。

丁爽补充说,尽管LGFV对公募债违约的可能性仍然低企,但有可能不能偿付私营部门借款。

他说:“文章中的论点看起来很笼统,接受采访的这位匿名官员似乎没有太大的影响力,不足以让投资者放心”。

政府转移支付资金

地方政府愈发依赖中央政府的转移支付资金来填补财政缺口。财政部在两会预算报告中称,2023年中央对地方转移支付安排逾10兆元人民币。

彭博基于预算数据计算发现,这相当于今年地方政府一般公共预算本级收入的86%,而在2015年该比例约66%。

瑞银的首席中国经济学家汪涛表示,期望中央政府出于对道德风险的担忧而出手救助地方政府是“不现实的”。

她说,中国可能会依靠银行重组债务,并推动地方政府出售土地以外的资产,例如国企股票。可能以牺牲银行的利润率为代价来避免违约。

汪涛说,长远来看,随着土地收入减少,“政府,特别是地方政府,在整体经济中发挥的作用将缩小”,因此投资基础设施的财政资源将减少。她表示非常难以显著提高税收来抵消土地出让收入。

Due to property bubble burst local governments can't sell land as income to pay their liabilities.

Just have a good guest which debt defaults first ?

General

2023-06-07 19:44 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

人民币走低 马币丢失4.60

Both abang adik want to de-dollarization. What a joke.

In order to save RMB & RM, qqq and silly CCP supporters will short US dollar until it becomes toilet paper soon. Pity BNM hunting for US dollars most probably BNM never listen to qqq and silly CCP supporters.

General

2023-06-07 17:48 | Report Abuse

China's exports tumble in May, imports slow

BEIJING: China's exports fell a much faster than expected 7.5% in May year-on-year, while imports contracted at a slower pace, dropping 4.5%, customs data showed on Wednesday.

A Reuters poll of economists had forecast exports to have shrunk 0.4% and imports to have fallen 8.0%.

Having beaten expectations in the first quarter, analysts are now downgrading their expectations for the economy for the rest of the year, as factory output continues to slow amid persistent weak global demand.

Weak Chinese demand is hurting other major economies in the region. South Korean data last week showed shipments to China slid 20.8% in May, marking a full year of monthly declines.

CCP dogs trying to deny but can't change the facts and data.

General

2023-06-07 10:04 | Report Abuse

Posted by IDQWE001 > 27 minutes ago | Report Abuse

This is perfect storm of deflation, jobless, property bubble burst, global supply chain restructuring happen in 2023. Xi brought the wrong direction and people suffered.

With all the effects local people did realise Xi is not smart compared to earlier leaders. Xi work together with evil Putin confront the entire world. End up he eat the bullets but thier people suffered.

General

2023-06-06 22:26 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

買房之前想狠狠賺一票,沒想到最後虧到坑裡去,手裡有房的趕緊賣掉|斷供潮過去之後,查封熱來了|貸款幾百萬的房子被查封後還倒欠銀行幾十萬|

https://youtu.be/Ra16shHz7J8

Very pity negative asset people crying. Huge white elephant projects for what ? Not able to help normal citizens

So far negative asset only happen in CCP no other place. Balanced housing loan is higher than property price. still want to build white elephant project ?

CCP build white elephant project to sell the image to entire world, it is looking good. White elephant as pets. People die nobody care. Even CCP supporters dont care.

General

2023-06-06 18:11 | Report Abuse

令吉又跌了!

吉隆坡6日讯)全球经济增长放缓,尤其大马最重要的贸易伙伴中国经济复苏受阻,拖累令吉兑美元及新元今日走低。

截至下午5点,令吉兑美元报4.6075,虽然日间曾一度走高至4.5725,不过攀升动力受阻,按日仍跌近0.68%或。

兑新元方面,早上曾一度走高至3.3907,但是,随之而来的负面情绪,拖累令吉走势,兑新元报3.4156,按日跌0.33%。

中国经济出现低迷,加上美联储将在下周公布利率政策动向,引起市场强烈关注。

人民币持续走软,也大幅拖累亚太地区的货币走势出现疲软。

就目前的情况而言,除非美联储宣布按兵不动暂停升息,或是中国经济出现有力的复苏局面,否则,令吉走势预计将持续低迷。

de-dollarization my foot.

General

2023-06-06 18:07 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

中國經濟該怎麼辦啊!服務運輸行業全面崩潰!540萬網約車!一個都別想活!深圳已經無法生存!打工人死都想不明白!為什麼這麼慘!商鋪全都租不出去!上海晚高峰一個人都沒有!今年太難了!七尺男兒崩潰痛哭!

https://youtu.be/7vnM2o-OzTs

very bad jobless and pay cut still have to bear the negative assets liabilibity. Very pity.

General

2023-06-06 18:05 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

age 16-24 & above 34 very bad jobless. CCP only provide 9 years free education on par with 3rd world country.

CCP only provide 9 years free education on par with 3rd world country. Malaysia is better which provide 12 years free education and local university fees is comparably low.

General

2023-06-06 18:02 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

買房之前想狠狠賺一票,沒想到最後虧到坑裡去,手裡有房的趕緊賣掉|斷供潮過去之後,查封熱來了|貸款幾百萬的房子被查封後還倒欠銀行幾十萬|

https://youtu.be/Ra16shHz7J8

Very pity negative asset people crying. Huge white elephant projects for what ? Not able to help normal citizens.

General

2023-06-06 10:51 | Report Abuse

江西政府快要破产打响甩包袱第一枪,文化宣传界退休金被停掉了,北京遍地都是流浪汉比广州还多,送外卖开始收费每人每月收20元。

https://youtu.be/CKgsHT5-E9Y

Malaysia employment rate is much better. Build so many white elephant projects could not help to solve high unemployment rate.

General

2023-06-06 10:48 | Report Abuse

Posted by IDQWE001 > 21 hours ago | Report Abuse

Famed Foreign Firms Exit Dongguan; Sleeping in Concrete Tubes Becomes New Trend for Workers

https://youtu.be/pmAtrXO8Ra4

Under Xi white elephant project people living like 3rd world country. People fed up with Xi administration.

General

2023-06-06 08:58 | Report Abuse

BRICS talk only no further action, another white elephant for your own imagination and fantasy world.

General

2023-06-06 08:56 | Report Abuse

BNM still need US dollar for international trading only those jokers may sell their dollar like toilet paper in the market.

General

2023-06-06 08:53 | Report Abuse

Posted by IDQWE001 > 11 hours ago | Report Abuse

China’s High-Speed Rail in Crisis, Leaves "Zombie Stations", and Debt Surges to 9 Trillion Dollar

https://youtu.be/h7fH4vi7tCI

Those bad debt house owners prefer to stable their property price and not white elephant project which could not generate revenues.

General

2023-06-06 08:50 | Report Abuse

Posted by IDQWE001 > 8 hours ago | Report Abuse

osted by IDQWE001 > 0 seconds ago | Report Abuse

China’s Unemployment Rates Soaring: Homeless & Hunger Pervade

https://youtu.be/WLwxT56jItI

Very pity. Malaysia Kampung is very much better.

General

2023-06-05 22:10 | Report Abuse

Posted by IDQWE001 > 25 minutes ago | Report Abuse

货币政策非令吉救星/白文春

qqq please teach BNM how to use your dream RMB to trade and stop using USD.

Those who pretend to be smart BNM need your advice how to trade without USD. Especially those said USD become toilet paper.

Only silly fools think that they are smarter than BNM.

qqq and others keep on saying US dollar become rubbish or toilet paper could you please advsise BNM what to do.

General

2023-06-05 22:08 | Report Abuse

Nowaday people talking about building AI technology only silly like you talking about building white elephant.

General

2023-06-05 21:48 | Report Abuse

失業潮爛尾樓引發斷供潮,彭博社爆中國再次上演瘋狂救市戲。都進ICU了,還想著繼續蹦迪。房子斷供錢沒了,家毀了又背上一身巨債,500萬家庭深陷樓市。北京上海廣州深圳武漢成都杭州重慶二手成交量齊跌一片混亂

https://youtu.be/zyOIGQd-9i0

Listen to local people what is the problem.

General

2023-06-05 21:38 | Report Abuse

Now those who want to declare wars are evil Putin and Xi. Evil alliance.

General

2023-06-05 21:36 | Report Abuse

Posted by IDQWE001 > 54 minutes ago | Report Abuse

货币政策非令吉救星/白文春

国行近年必须向银行借贷美元,来应付入口商对美元的需求。截至今年3月,国行这笔贷款达到270亿美元,比起2022年8月的150亿美元和2021年8月的73亿美元大幅增加。国行是从2015年开始这样做。

qqq please teach BNM how to use your dream RMB to trade and stop using USD.

Those who pretend to be smart BNM need your advice how to trade without USD. Especially those said USD become toilet paper.

General

2023-06-05 21:34 | Report Abuse

not only CCP know how to manufacture EV cars. Tesla, GM and Ford manufacture big portion of EV.

General

2023-06-05 21:33 | Report Abuse

qqq dont understand his ancient language to listen and read what local people said and living in his stubborn world.

General

2023-06-04 14:20 | Report Abuse

Posted by IDQWE001 > 15 hours ago | Report Abuse

China's top foundry SMIC unexpectedly removed 14nm process service from its webstie home page, and its co-CEO Liang Mong Song, the key figure in charge of the company's development of advanced processes, has not made public appearances for a long time,...

Cant even manufacture 14 nm chips what advance "cheat" talking about. Huawei 6P only 4G.

General

2023-05-22 08:47 | Report Abuse

Posted by IDQWE001 > 22 hours ago | Report Abuse

collapsing one by one.

It is an entire systematic property sector collapsed.

General

2023-05-20 19:41 | Report Abuse

各地楼市下跌业主欲哭无泪。烂尾楼小区复工复产无望。房产商用尽手段耍无赖。

https://youtu.be/pB3OxsnjBP4

General

2023-05-20 19:40 | Report Abuse

樓市巨震!傳萬達將大規模裁員30%,商業地產走向末路若倒了不輸恆大!繼58同城裁員後萬達被爆裁員優化,就業形勢不妙裁員降薪潮持續發酵!萬達集團緊急澄清,無風不起浪會是下一個恆大嗎!

https://youtu.be/-XThuCfYgLE

General

2023-05-20 18:59 | Report Abuse

Posted by IDQWE001 > 9 hours ago | Report Abuse

Why No Subprime Mortgage Crisis but Even Worse? Home buyers carry the consequences of CCP's mistakes

https://youtu.be/oJf79iP1DIA

A truly problem of property bubble burst.

General

2023-05-20 09:24 | Report Abuse

Posted by IDQWE001 > 1 day ago | Report Abuse

Obviouly this joker does not know what is deflation. lol.

Only joker will consider deflation is better than inflation.

News & Blogs

2023-05-19 22:36 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

Investment better listen to Warren Buffett. qqq should put his money in FD.

Warren Buffett God of investment... qqq is bullshi.t.

News & Blogs

2023-05-19 19:37 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

Asian stocks inch up on US debt ceiling hopes, Nikkei hits 33-year high

Japan is coming up together with G7.

News & Blogs

2023-05-19 13:41 | Report Abuse

Posted by IDQWE001 > 45 minutes ago | Report Abuse

人民币跌势扩大 贬值绿灯已亮起?

From economy to share markets and how strong is the currency.

News & Blogs

2023-05-19 10:02 | Report Abuse

Posted by IDQWE001 > 18 minutes ago | Report Abuse

Spent so much money all become rubbish.

There are many CCP supporters blow water that can manufacture 3-5NM "cheats".

News & Blogs

2023-05-19 08:28 | Report Abuse

50 Billion RMB Exhausted, OPPO’s Chip Company Goes Bankrupt, 3,000 Senior Staff Are All Laid Off

https://youtu.be/liLqs9us3eA

General

2023-05-18 22:13 | Report Abuse

Posted by IDQWE001 > 3 weeks ago | Report Abuse

Deflation world number 1.

News & Blogs

2023-05-18 21:16 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

High unemployment, property bubble burst, housing loan higher than housing price, housing loan default, deflation, supply chain restructuring, chips banned etc. forming a perfect storm. A very big contribution by CCP.

Really world number 1. US has no match.

News & Blogs

2023-05-18 19:53 | Report Abuse

房企违约风险达GDP 12% 中国未来增长堪忧

北京18日讯)据彭博经济研究估计,中国房地产开发商面临违约风险的债务总额相当于中国国内生产总值(GDP)的12%,这一巨大负担可能会在未来几年抑制全球第二大经济体的增长。

彭博经济研究对中国186家上市房企进行的分析显示,其中约48%债务的持有方为2021-2022年房地产行业严重滑坡期间已发生公开发行债券违约,或存在“重大”无法按期兑付风险的公司。

假设这个比例适用于全行业,截至去年底,全行业债务总额为28.1兆人民币那么中国开发商总计有13.6兆人民币的债务面临违约风险。这份报告显示,这相当于中国GDP的11.9%。

“这对金融稳定构成风险,”经济学家写道。“随着开发商将资源用于修复自身资产负债状况,房地产行业的债务负担对经济增长的拖累可能长达数年。”

他们指出,面临违约风险的真实债务规模可能更高,因为非上市开发商的状况可能比样本中覆盖的上市公司更糟。

阻碍经济复苏

报告凸显出对中国房地产市场的深切担忧。在经历了长达约18个月的历史性下滑后,这一市场在艰难复苏。房地产投资正在收缩,4月份房价增长放缓,“五一”假期期间的购房量低于疫情前水平,消费者房贷也在减少。

包括相关产业在内,房地产业对中国GDP的贡献率达到约20%,是经济增长的一个主要驱动力。房地产业的疲软表现阻碍了中国经济复苏,抑制了对铁矿石和铜等大宗商品的需求。

受去年违约规模创纪录影响,中资高收益地产美元债市场自去年夏天以来已缩水30%至1420亿美元。尽管去年下半年以来政府出台了多项措施支持财务状况较好的房企以确保住房项目完工,但整个行业的流动性状况依然紧张。

分析三财务指标

彭博经济研究对未违约房企与违约房企的三项财务指标进行了比较,发现近三分之一未违约公司的杠杆率要高于违约组的杠杆率中值。近40%未违约公司的债务偿还能力弱于已违约公司的中值,而29%未违约公司面临的流动性风险更高。

“我们的基准情境依然是楼市调整将在长时间内逐步进行,”报告称。“尽管如此,上市开发商资产负债表面临的压力高企提醒我们,出现更坏结果的风险仍不能排除。”

News & Blogs

2023-05-18 17:34 | Report Abuse

Either high unemployment rate or low unemployment rate go bankrupcy first ?

News & Blogs

2023-05-18 12:04 | Report Abuse

Posted by IDQWE001 > 28 minutes ago | Report Abuse

CCP chinese bad mouth themself. it is own propagandised by CCP. Very pity.

CCP made housing price lower than the housing loans. very bad deflation.

News & Blogs

2023-05-18 09:47 | Report Abuse

Posted by IDQWE001 > 21 minutes ago | Report Abuse

Collapse of the Chinese Real Estate Market as Property Prices Plummet in Tier 1 Cities | Shanghai

https://youtu.be/J__eQjBeIBY

Very bad deflation everywhere and everytime. CCP supporters know this is real but could not do anything. very anxious, angry, fear.