Posted by stockraider > Jan 10, 2022 12:17 PM | Report Abuse X
This uncensored Talking like Silly fellow loh!
The latest past 30 years...China has more billionaires than US Mah!
This tell u that anybody can make it well in china loh!
Konman Uncensored is totally naive & wrong loh!
Posted by uncensored > Jan 9, 2022 11:47 AM | Report Abuse
"By the age of 40, your fate is already set"/China's class structure has become more solidified After more than 70 years of development, China’s economy seems to be maturing. However, many indications suggest that the ascension from bottom to top in social class has virtually come to a halt. On the path to the upper echelons of society, children from the rich and politically connected elite families have a clear advantage, and children of poor or rural families have less and diminishing access.
Posted by stockraider > Jan 10, 2022 2:28 PM | Report Abuse X
Do not be silly, if u compare the USA great recession and sub-prime problem vs china current temporary property setback....is just a small issue, but being blow out of proportion by this conman uncensored with intention to bad mouth china & to mislead u loh!
China temporary property setback are driven by the smart chinese govt, to release air prematurely in order to avoid the future & further risk like the usa subprime that affect the whole economy, when the bubble eventually burst in 2008 loh!
This reflect strength of Chinese Govt, in its ability able to recognise things early & take appropriate corrective action earlier, unlike the west who always need to do deal with boom & burst situation loh!
The china govt system is definitely more superior than the west mah!
Posted by uncensored > Jan 10, 2022 2:14 PM | Report Abuse
Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.
The well-documented problems at some of China's largest property developers are merely symptoms of the deeper structural challenges the country now faces.
We previously highlighted in the article "Why Ray Dalio is wrong about China" published online on July 11 that China was highly incentivized to encourage foreign investment in order to delay hard domestic decisions.
These inbound capital flows are however unlikely to be sufficient, and they would leave China vulnerable to foreign monetary policy. Since China will likely prioritize domestic order and control over a shorter lived but painful structural adjustment, a Great Pause in their economic growth seems probable.
How long this 'great pause' will take is hard to say. Yet despite the clear signs, investors are still to fully price the implications of this hiatus and what it means for industrial commodities or regional demand for goods.
Given many developing countries' high dependence on the Chinese economy, the next few years could be particularly difficult and make their recovery from COVID even harder.
The roots of these problems run deep. China's economic model has traditionally relied on the intensive use of credit in order to finance the country's impressive growth. As a result, the rate of increase in China's debts has been fast, outgrowing the economy itself: a dynamic that is ultimately not sustainable.
Though some of this credit was used to fund the creation of industrial capacity, much of it was used to fund a rapid and massive expansion of housing stock.
China's property and construction sectors have therefore become extremely large by comparison with the overall economy. Our research suggests that these sectors have been more than twice as important to the overall economy as their equivalent sectors were in Japan during that country's property bubble, or even the U.S. in 2005-2006.
We also estimate that property wealth is at least as important to China's savers' wealth as financial assets are to U.S savers at present. A decline in the fortunes of the property market will therefore depress domestic growth for a considerable time.
China's property-driven growth has run into several constraints of late, including affordability, market saturation and access to funding. Its banking system has also reached an unprecedented size, not just in relation to the size of China's own economy but increasingly in relation to the entire global economy.
Real estate-related lending and property-based collateral have come to dominate the system. China's banks themselves are deeply exposed to the sector, to the exclusion of other sectors, and will struggle to maintain their balance sheets if problems in the sector increase.
Correctloh...this silly Uncensored everyday badmouthed china for nothing loh!
Surely a country like china able to bring 800m out of poverty within 20 yrs over a short period and become the 2nd biggest economy, must have done alot of great impressive things mah!
We should learn alot from china the successful formula mah!
Posted by xiaoeh > Jan 12, 2022 1:50 PM | Report Abuse
China Chinese and Malaysia Chinese is good, China is good too, we learn from each other from good and bad aspect
Posted by xiaoeh > Jan 12, 2022 1:52 PM | Report Abuse
we take what is worked and avoided what is dont worked.
Posted by xiaoeh > Jan 12, 2022 1:53 PM | Report Abuse
do not take only what is good but turn a blind eye on what is worst
1. Fire insurance matter 2. Helping the poor 3. TP on shares 4. Buying price on shares 5. China CPC matter 6. USA matter 7. Hong Kong matter 8. Falun Gong 9. Common prosperity 10. Your motive
stockraider liar , evil hearted self proclaimed RICH means owning 15 unit of Low Cost Flats. Made money on the P..O...O...R Getting rental from the P..O...O...R Profit from selling flat to P..O...O...R
China chip shortage: $1 trillion government funds/How a giant with massive capital become bankrupt? China's chip shortage continues. An overseas Chinese recently shared on social media that a central level Chinese enterprise asked his friend to procure 20 chips made in Japan. However, the requested Chinese was worried about breaking the law. Why did Tsinghua Unigroup, a giant with massive capital, become bankrupt? China's chip dream of US$1 trillion and the demand for overseas Chinese to procure chips on its behalf https://www.youtube.com/watch?v=N34NULbnVqU
Liar you said you want to help the poor. Low cost flats (LCF) are built for the poor. As you owned 15 units LCF & if you really want to help the poor shouldn't you just let them stay FOC.
L..I..A...R
Posted bt stockraider 12/01/2022 2:11 PM> Someone need to help them by renting to them mah!
Do not be naive lah!
If raider can make money while doing good deeds, it is wonderful mah!
Lu tau boh ??
Posted by uncensored > Jan 12, 2022 2:09 PM | Report Abuse
Self proclaiming that you are helping the P..O...O...R by speculating on low cost flat & on letting flats to the P..O...O...R
China just let some air for self correction for property mah!
Bcos China govt manage to learn the hard lesson from USA sub prime crisis...by avoiding taking correction action too late mah!
As for chips shortage...it is due to USA selfish act of banning china from getting access mah!
But in every adversity there is opportunity mah!
History always favor china loh....bcos china always overcome adversity mah!
Posted by uncensored > Jan 12, 2022 2:12 PM | Report Abuse
China chip shortage: $1 trillion government funds/How a giant with massive capital become bankrupt? China's chip shortage continues. An overseas Chinese recently shared on social media that a central level Chinese enterprise asked his friend to procure 20 chips made in Japan. However, the requested Chinese was worried about breaking the law. Why did Tsinghua Unigroup, a giant with massive capital, become bankrupt? China's chip dream of US$1 trillion and the demand for overseas Chinese to procure chips on its behalf https://www.youtube.com/watch?v=N34NULbnVqU
1. Fire insurance matter 2. Helping the poor 3. TP on shares 4. Buying price on shares 5. China CPC matter 6. USA matter 7. Hong Kong matter 8. Falun Gong 9. Common prosperity 10. Your motive
China's "Tofu Dreg" Construction Exposed By Flooding | Where Did The 8 Billion USD Investment Go? The city's waterlogging problem must be the first issue reflected by the Zhengzhou flood. Zhengzhou government has invested 8.25 billion USD in the past 5 years to address the urban waterlogging problem. In 2016, Zhengzhou was selected as a provincial pilot site for the development of “Sponge City” in Henan Province.
Zhengzhou has invested a lot of human and financial resources in developing Sponge City. According to the Zhengzhou Evening News on May 29, since 2016, Zhengzhou has completed 5,162 kilometers of drainage network and the 50% utilization rate of recycled water. After implementing the Sponge City Development, Zhengzhou has eliminated 125 flood-prone sites in the city, with a 77% elimination rate.
Some people said: "Even if the contractors cut corners 10 times, as long as they follow the normal procedures to lay the foundation, the tree along the sidewalk will not grow directly to the ground. " He also said that," those new concepts of smart city and sponge city only sound fancy but useless.”
Gravitas: Will this crisis ruin 2022 for Xi Jinping? This year, Xi Jinping will claim a record 3rd term. But one crisis could ruin President Xi's big moment. The Evergrande debt crisis. Today, shares of the company were suspended from trading. Palki Sharma tells you how China's property market is struggling.
Hegang financial bankruptcies causing a domino effect in China Due to the ongoing financial crisis, the market has lost faith in domestic property developers. As a result, local authorities' revenue from land transfer fees has declined, resulting in financial difficulty, and several municipal authorities have declared bankruptcy. The Chinese Communist Party (CCP) works hard to create new tax revenue streams, such as property taxes. However, there is disagreement within the CCP about property taxation. Analysts point out that local authorities' financial failure generates a domino effect.
Because the money was depleted, the local authority became insolvent.
Authorities of Hegang city in northern Heilongjiang province of China had recently announced that it was going through a financial makeover, marking the first-ever municipal-level power to restructure due to the economic downturn.
According to Bloomberg, the news was first reported by the Securities Times last month but was later deleted.
Huachuang Securities Co. Ltd on January 5th re-released the news, a move Bloomberg noted proved that the government was out of options to solve their financial difficulties.
Denmark alarms threat from China On Thursday, January 13th, Denmark warned that espionage threats from countries including China, Russia, and Iran are rising. According to Reuters, Anders Henriksen, the head of counterintelligence at the Danish Security and Intelligence Service especially highlighted China, saying the country had made enormous efforts to gain access to Denmark's cutting edge technology and knowledge.
我們要堅決反對他的做法. 我們要堅決擁護習近平. 堅決擁護習近平連任. 堅決習近平一直加速,加速再加速. In the context of the epidemic continuing to spread in many parts of mainland China, on January 11th, the CCP held a "Provincial and Ministerial Leading Cadres Special Seminar" in Beijing. However, many high-level officials were absent, attracting attention.
The Chinese economy is awful and currently in a serious recession, expert says
China Reports - The BL 9.2K subscribers
According to a recent report by mainland media, on December 30, 2021, Ren Hongbin, Vice Minister of Commerce of the Communist Party of China, revealed that China's exports in 2021 reached 6 trillion USD, increasing by more than 20%. It is reported that since 2019, especially since the outbreak of the new virus, many businesses in China have had to close down, breakdowns in the real estate sector have occurred frequently and increased rapidly local government debt crisis, leading to severe economic recession. So why are China's exports increasing in 2021? Chinese reporters interviewed Dr. Xie Tian, a professor at the University of South Carolina's Aiken School of Business.
China Clamps Down on Homegrown Tech Giants Amid Nationalization Drive Government curbs on the activities of online service providers come as the ruling party forges ahead with nationalization. By Cheng Yut Yiu and Qiao Long 2021.07.19
China's internet regulators are continuing to crack down on the country's top tech companies, with ByteDance's Toutiao suspending new accounts and investigators moving in to ride-sharing app Didi's headquarters.
TikTok owner ByteDance is blocking new user and content creator registrations for Chinese news aggregator Jinri Toutiao, Reuters cited people familiar with the matter as saying.
The freeze began in September 2020, with some content creators reporting on social media that they had been unable to register new accounts, but with no announcement made by the company.
New users who try to register currently see a message: "System is currently under maintenance. Registration is temporarily unavailable," Reuters reported.
Existing users are still able to post, and the app is still available on app stores inside China, the report said.
In 2018m, Toutiao suspended more than 1,000 accounts after being sanctioned last week for alleged breaches of regulations and for spreading "pornographic and vulgar content."
The popular app also added a channel titled "New Era," in a reference to the political "thought" of Chinese President Xi Jinping, "to release information or reports about China's accomplishments and efforts after socialism with Chinese characteristics has entered a new era."
The move came after the powerful Cyberspace Administration temporarily suspended both Toutiao and Phoenix News for "having serious problems in guiding public opinion."
The apps had "carried pornographic content, seriously misled the public and had a very negative impact on the social media environment," the administration said at the time.
The aggregator is ByteDance's second largest source of advertising revenue in China, second only to Douyin, and accounting for 20 percent of the company’s U.S.$5.4 billion in sales in China last year.
But the company's plans earlier this year to list on the U.S. stockmarket had been a slap in face for the ruling Chinese Communist Party (CCP), an internet industry worker surnamed Pan told RFA.
"I think the first major factor in all of the recent crackdowns [on large technology platforms] is that they are going after private companies," Pan said. "Secondly, they are seeking listings in the U.S., which is embarrassing [for the government]."
"Toutiao had always said they would list in the U.S. ... [but then] the financial director announced that the plan had been suspended," she said. "The word is that the listing won't be happening now."
Overseas share-listings
China's cabinet said on July 6, 2021 that it would crack down on overseas share-listings by its companies, just two days after the country's Cyberspace Administration removed the Didi ride-hailing app from Chinese stores following its U.S.$4.4 billion initial public offering (IPO) in New York.
The removal of the app wiped billions from the value of Didi Global Inc shares in the first trading session since the app's removal.
Didi -- which runs an Uber-like service with around 500 million users and 15 million drivers -- went ahead with the listing despite being urged by Chinese regulators to delay the IPO, according to a report in the Wall Street Journal (WSJ) on Monday.
Officials were "wary of the ride-hailing company's troves of data potentially falling into foreign hands" owing to public disclosure around the listing, the WSJ quoted sources as saying.
Didi is under investigation by the Cyberspace Administration, and investigations are ongoing into other U.S.-listed Chinese companies including Full Truck Alliance and Kanzhun.
"The Cyberspace Administration of China will ... cooperate with the ministry of public security, ministry of state security, ministry of natural resources, ministry of transport, the state administration of taxation, the state administration of market supervision and other departments are installed at the [headquarters] of Didi Chuxing Technology Co. Ltd to conduct a review of online security," the administration said in a statement on its official website on July 16.
'Red entrepreneurs'
A current affairs commentator surnamed Zhao said the CCP under general secretary Xi Jinping is going after the second generation of "red entrepreneurs" who are related to revolutionary leaders, to stem their financial power and political influence.
"These platforms have made huge profits for the second generation of red elite, the children of [high-ranking] officials," Zhao said. "Capitalist entities with a communist background are packing more and more of a punch, both internationally and in China."
"These captains of industry are starting to challenge the authority of the central government, and so the government is moving to cut them off," he said.
The moves against China's homegrown tech giants come as the government is also moving to acquire stakes in private companies, businesspeople in the eastern province of Zhejiang told RFA in recent interviews.
Peng Huagang, spokesman for the State-owned Assets Supervision and Administration Commission (SASAC), told reporters on July 16 that his agency would press ahead with "mergers" between private sector and state-owned companies.
These takeovers would be implemented both by paid acquisitions and uncompensated nationalization, as well as share transfers, Peng said.
The process would improve competitiveness and optimize the use of skills and resources, he said.
Zhejiang businessman Jiang Jieben told RFA that the process is already under way in his home province.
"This is actually a long-term trend, which is aimed at strengthening state-owned enterprises at the expense of the private sector and private capital," he said.
"There is pressure within and beyond provincial government to do this, and for it to happen more quickly."
Jiang said the process had only become more obvious with the treatment meted out to Alibaba founder Jack Ma's Ant Financial and to Didi.
"They want to nationalize all of these companies, to the point that there will be no private sector left at all," he said.
China Clamps Down on Homegrown Tech Giants Amid Nationalization Drive Government curbs on the activities of online service providers come as the ruling party forges ahead with nationalization.
International investors in Chinese companies face growing risks | FT
Financial Times 643K subscribers
As property companies such as Evergrande teeter on the brink of collapse and the Chinese government cracks down on the tech sector, the FT's global China editor James Kynge and markets editor Katie Martin discuss the changing dynamics of investing in China and examine whether the opportunities to make money are worth the growing political risk
Since the early 2000s some China watchers have been predicting that the building boom would lead to a crash. Twenty years on they may have been proven right. Global China editor James Kynge and Beijing correspondent Sun Yu discuss what is happening in it's real estate sector, what that could do to China’s economy and means for the world
By the numbers, China has a very large military. This shouldn't be a surprise given China's population size. But what China has in numbers it lacks in other areas. Watch this episode of China Uncensored for what could be the Chinese military's greatest weakness.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stockraider
31,556 posts
Posted by stockraider > 2022-01-12 13:46 | Report Abuse
This uncensored & silly & ignorant loh!
Posted by stockraider > Jan 10, 2022 12:17 PM | Report Abuse X
This uncensored Talking like Silly fellow loh!
The latest past 30 years...China has more billionaires than US Mah!
This tell u that anybody can make it well in china loh!
Konman Uncensored is totally naive & wrong loh!
Posted by uncensored > Jan 9, 2022 11:47 AM | Report Abuse
"By the age of 40, your fate is already set"/China's class structure has become more solidified
After more than 70 years of development, China’s economy seems to be maturing. However, many indications suggest that the ascension from bottom to top in social class has virtually come to a halt.
On the path to the upper echelons of society, children from the rich and politically connected elite families have a clear advantage, and children of poor or rural families have less and diminishing access.
Posted by stockraider > Jan 10, 2022 2:28 PM | Report Abuse X
Do not be silly, if u compare the USA great recession and sub-prime problem vs china current temporary property setback....is just a small issue, but being blow out of proportion by this conman uncensored with intention to bad mouth china & to mislead u loh!
China temporary property setback are driven by the smart chinese govt, to release air prematurely in order to avoid the future & further risk like the usa subprime that affect the whole economy, when the bubble eventually burst in 2008 loh!
This reflect strength of Chinese Govt, in its ability able to recognise things early & take appropriate corrective action earlier, unlike the west who always need to do deal with boom & burst situation loh!
The china govt system is definitely more superior than the west mah!
Posted by uncensored > Jan 10, 2022 2:14 PM | Report Abuse
Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.
The well-documented problems at some of China's largest property developers are merely symptoms of the deeper structural challenges the country now faces.
We previously highlighted in the article "Why Ray Dalio is wrong about China" published online on July 11 that China was highly incentivized to encourage foreign investment in order to delay hard domestic decisions.
These inbound capital flows are however unlikely to be sufficient, and they would leave China vulnerable to foreign monetary policy. Since China will likely prioritize domestic order and control over a shorter lived but painful structural adjustment, a Great Pause in their economic growth seems probable.
How long this 'great pause' will take is hard to say. Yet despite the clear signs, investors are still to fully price the implications of this hiatus and what it means for industrial commodities or regional demand for goods.
Given many developing countries' high dependence on the Chinese economy, the next few years could be particularly difficult and make their recovery from COVID even harder.
The roots of these problems run deep. China's economic model has traditionally relied on the intensive use of credit in order to finance the country's impressive growth. As a result, the rate of increase in China's debts has been fast, outgrowing the economy itself: a dynamic that is ultimately not sustainable.
Though some of this credit was used to fund the creation of industrial capacity, much of it was used to fund a rapid and massive expansion of housing stock.
China's property and construction sectors have therefore become extremely large by comparison with the overall economy. Our research suggests that these sectors have been more than twice as important to the overall economy as their equivalent sectors were in Japan during that country's property bubble, or even the U.S. in 2005-2006.
We also estimate that property wealth is at least as important to China's savers' wealth as financial assets are to U.S savers at present. A decline in the fortunes of the property market will therefore depress domestic growth for a considerable time.
China's property-driven growth has run into several constraints of late, including affordability, market saturation and access to funding. Its banking system has also reached an unprecedented size, not just in relation to the size of China's own economy but increasingly in relation to the entire global economy.
Real estate-related lending and property-based collateral have come to dominate the system. China's banks themselves are deeply exposed to the sector, to the exclusion of other sectors, and will struggle to maintain their balance sheets if problems in the sector increase.