Posted by foongsh > 2023-10-15 21:29 | Report Abuse

Evergrande Debt Crisis From Dream Homes to Nightmares: Tofu Dregs and Unfinished Projects in China

https://youtu.be/mIVPOuWgegQ?si=mWo6Hc9Ifyd4MAXV

Silly Xi brought the country to wrong directions. CCP corruption in all sectors and love US dollar.

1. Kong Dongmei, granddaughter of Mao Zedong
2. Deng Zhifanf, son of Deng Xiaoping
3. Deng Zhuodi, grandson of Deng Xiaoping
4. Zhuo Yue, granddaughter of Deng Xiaoping
5. Jiang Mianheng, eldest son of Jiang Zemin
6. Jiang Zhicheng, grandson of Jiang Zemin
7. Hu Haiqing, daugter of Hu Jintao
8. Xi Mingze, daugter of Xi Jinping
9. Yang Jiechi, senior member of CCP entire family
10. too many just ignore the rest

Posted by IDQWE001 > 2023-10-17 13:10 | Report Abuse

Extreme poverty in China: Girl Scavenges for Food, Boy Sells Bottles, Elderly Drink Dirty Water

https://youtu.be/hSP-RYsRB90?si=_lXR2r1ao1p-FQhC

Normal citizens suffered from the extreme poverty, CCP enjoy US dollar and live in democratic and freedom western countries.

Posted by IDQWE001 > 2023-10-17 13:12 | Report Abuse

Chinese national security scandal: Xi Jinping's guest falls from grace

https://youtu.be/veArvOvH3Cw?si=O3nCgbwkQdEPVE18

Posted by foongsh > 2023-10-17 15:29 | Report Abuse

The consequence of developers going bankrupcy mean 1 million homebuyers no home to stay with bad debts. Only CCP make a lot of money and transfer oversea enjoyed with their girl friends.

Posted by IDQWE001 > 2023-10-18 13:23 | Report Abuse

HONG KONG: The grace period for Country Garden Holding's $15 million coupon payment has expired, fuelling expectations that China's biggest private property developer had defaulted on its offshore debt.

One bondholder of the tranche, who declined to be identified discussing confidential information, said he had not received payment on the coupon as the grace period ended.

Country Garden did not immediately respond to a request for comment.

A missed payment on a September 2025 bond without a deal with creditors would mean that Country Garden has joined scores of other Chinese developers who have defaulted, deepening the crisis roiling the property sector, which makes up about a quarter of the world's second largest economy.

Posted by qqq47660 > 2023-10-18 14:46 | Report Abuse

its never a priority for China to rescue developers and their shareholders and bondholders.

there are separate plans to rescue house buyers .

Posted by foongsh > 2023-10-18 17:23 | Report Abuse

Posted by IDQWE001 > 3 hours ago | Report Abuse

HONG KONG: The grace period for Country Garden Holding's $15 million coupon payment has expired, fuelling expectations that China's biggest private property developer had defaulted on its offshore debt.

One bondholder of the tranche, who declined to be identified discussing confidential information, said he had not received payment on the coupon as the grace period ended.

Country Garden did not immediately respond to a request for comment.

A missed payment on a September 2025 bond without a deal with creditors would mean that Country Garden has joined scores of other Chinese developers who have defaulted, deepening the crisis roiling the property sector, which makes up about a quarter of the world's second largest economy.

Obviously real estate buble issues have been exposed 2-3 years ago, CCP has no plan and intention to solve the 1 million unfinished units. CCP does not need to face voters, communism is the rubbish from westerns.

Posted by IDQWE001 > 2023-10-19 13:01 | Report Abuse

Country Garden bondholders seek talks after missed payment -sources

HONG KONG (Reuters) - Country Garden's bondholders are seeking urgent talks with the company and its advisers after the troubled property developer missed a $15 million coupon repayment, putting it at risk of default, according to three sources with direct knowledge of the matter.

Confirmed payment defaults.

Posted by IDQWE001 > 2023-10-20 13:02 | Report Abuse

A Staggering $65 Trillion:China’s Banking System May Be Mired in the Largest Asset Bubble in History

https://youtu.be/UUh61Gl2EkE?si=TIsiCKHt47Fvxhl6

From real estate crisis till financial system crisis.

Posted by foongsh > 2023-10-20 15:52 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

A Staggering $65 Trillion:China’s Banking System May Be Mired in the Largest Asset Bubble in History

https://youtu.be/UUh61Gl2EkE?si=TIsiCKHt47Fvxhl6

From real estate crisis till financial system crisis.

Local government civil servants got no salary. Only happen in CCP worse than 3rd world countries.

Posted by IDQWE001 > 2023-10-23 16:41 | Report Abuse

Totally COLLAPSE! 3,500 New Ghost Cities Emerge in China: Trillions Wasted in Spectacular Missteps

https://youtu.be/oMaVyMxMFl0?si=uxMpN--Zi19-zqnh

Posted by IDQWE001 > 2023-10-25 15:36 | Report Abuse

Country Garden default on dollar bond declared for first time -Bloomberg News

(Reuters) - Chinese developer Country Garden Holdings has been deemed in default on a U.S. dollar bond for the first time, Bloomberg News reported on Wednesday, citing a notice.

Country Garden's failure to pay interest on the note within a grace period that ended last week "constitutes an event of default", Bloomberg reported citing the notice to holders from a trustee.

Posted by qqq47660 > 2023-10-25 17:54 | Report Abuse

Reuters are interested foreign bonds are paid....that is their problem not mine

Posted by foongsh > 2023-10-25 18:08 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

Country Garden default on dollar bond declared for first time -Bloomberg News

(Reuters) - Chinese developer Country Garden Holdings has been deemed in default on a U.S. dollar bond for the first time, Bloomberg News reported on Wednesday, citing a notice.

Country Garden's failure to pay interest on the note within a grace period that ended last week "constitutes an event of default", Bloomberg reported citing the notice to holders from a trustee.

The principal will become due immediately and any failure to service the bond will trigger cross-default terms on other credit. Another failure of CCP worse than 3rd world country.

Changes not seen for hundred years - entire real estate market bubble burst.

Changes not seen for hundred years - more and more developer founders go to jail.

Changes not seen for hundred years - homebuyers no home to stay with bad debts.

Changes not seen for hundred years - banking system loan to developers became non performance loan

Posted by IDQWE001 > 2023-11-01 14:28 | Report Abuse

China’s Biggest Real Estate Crisis: Evergrande's Dark Secrets Revealed

https://youtu.be/DkPhvApGKXM?si=ubZP2P7pi89wVwZ

Posted by foongsh > 2023-11-01 18:03 | Report Abuse

Posted by IDQWE001 > 3 hours ago | Report Abuse

China’s Biggest Real Estate Crisis: Evergrande's Dark Secrets Revealed

https://youtu.be/DkPhvApGKXM?si=ubZP2P7pi89wVwZ

Sex addicted and corrupted CCP.

Posted by IDQWE001 > 2023-11-02 08:54 | Report Abuse

Local Finances Crumble: City Guards Chase for Fines, Thousands Street Vendors Run For Their Lives

https://youtu.be/iuZeUhVMcyc?si=eu6EdF7JZG8Lm2k0

Posted by IDQWE001 > 2023-11-04 06:14 | Report Abuse

"Pay Us Now!" Workers Cry as China's Largest Appliance Retailer's Revenue Tumbles 96%, Gome Is Done!

https://youtu.be/4B76aiD9kcw?si=sX8-6S3QyWVUr9nZ

Posted by foongsh > 2023-11-05 20:05 | Report Abuse

China to accelerate issuance of government bonds, finance minister says

BEIJING, China (Reuters) - China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan.

The finance ministry will steadily promote the resolution of local government debt risk and increase efforts to better leverage the role of special bonds to boost the economy, Xinhua cited Foan as saying.

Local goverments in bad debts quick quick printing money.

Posted by IDQWE001 > 2023-11-06 17:10 | Report Abuse

China's first deficit in foreign investment signals West's 'de-risking' pressure

SHANGHAI: China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring Beijing's challenge in wooing overseas companies in the wake of a "de-risking" move by Western governments.

Direct investment liabilities - a measure of FDI - were a deficit of $11.8 billion during the July-September period, according to preliminary data of China's balance of payments released late on Friday.

That's the first quarterly shortfall since China's foreign exchange regulator began compiling the data in 1998, which could be linked to the impact of "de-risking" by Western countries from China amid growing geopolitical tensions.

"Some of the weakness in China's inward FDI may be due to multinational companies repatriating earnings," Goldman Sachs wrote, adding China's interest rate differentials with developed countries also played a part.

Posted by IDQWE001 > 2023-11-14 10:36 | Report Abuse

Bizarre events in Chinese banks and Banks scrambled for cash, sending the market into a panic

https://youtu.be/XaUiu8pKzNM?si=8qO8rD2lBQbqM5UY

Pity local Chinese from real estate bubble to banking system.

Posted by qqq47660 > 2023-11-14 12:56 | Report Abuse

in the present era, its lucky to be born a Chinese, mainland or overseas.

shameful only if u are american hegemon spreading wars all over the place.

Posted by foongsh > 2023-11-14 12:58 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

Bizarre events in Chinese banks and Banks scrambled for cash, sending the market into a panic

https://youtu.be/XaUiu8pKzNM?si=8qO8rD2lBQbqM5UY

Pity local Chinese from real estate bubble to banking system.

Ha .... so lucky that bank deposits also gone missing. Lol.

Posted by OnTime > 2023-11-14 13:02 | Report Abuse

don't worry be happy!
https://www.youtube.com/watch?v=MJfCIEGN88s&t=1s

Posted by IDQWE001 > 2023-11-14 13:07 | Report Abuse

China’s exports declined for 6th consecutive month. Many companies stop operations until next year

https://youtu.be/dYGseZsdeFQ?si=6SrPqbIUotaW_7Gm

Posted by OnTime > 2023-11-14 13:15 | Report Abuse

wow, Xiaomi 14 to Use YMTC’s 232-layer NAND Memory
https://www.businesskorea.co.kr/news/articleView.html?idxno=205401

Posted by IDQWE001 > 2023-11-14 13:21 | Report Abuse

Investing.com -- European chipmakers dipped on Friday, tracking a fall in some of their Asian peers, after China's Semiconductor Manufacturing International Corp (HK:0981) posted an 80% slide in its quarterly income. SMIC’s profit attributable to owners fell to about $94 million in the three months to Sept. 30, tumbling from the $470.8 million seen in the same period last year. Quarterly revenue declined by 15% to $1.62 billion, while the chipmaker’s gross margin nearly halved to 19.8% from 38.9% last year.

Posted by IDQWE001 > 2023-11-14 13:22 | Report Abuse

Chips for Huawei P60 Pro Mate, without government subsidies losing money. Lol.

Posted by OnTime > 2023-11-14 13:24 | Report Abuse

wow, China Deploys Massive RISC-V Server in Commercial Cloud
https://www.hpcwire.com/2023/11/08/china-deploys-massive-risc-v-server-in-commercial-cloud/

Posted by IDQWE001 > 2023-11-14 13:26 | Report Abuse

TSMC October 2023 Revenue Report

HSINCHU, Taiwan, R.O.C. – Nov. 10, 2023 - TSMC (TWSE: 2330, NYSE: TSM) today
announced its net revenue for October 2023: On a consolidated basis, revenue for October 2023
was approximately NT$243.20 billion, an increase of 34.8 percent from September 2023 and an
increase of 15.7 percent from October 2022. Revenue for January through October 2023 totaled
NT$1,779.41 billion, a decrease of 3.7 percent compared to the same period in 2022.

Posted by IDQWE001 > 2023-11-14 13:27 | Report Abuse

TSMC advance chips for Apple and AI.

Posted by OnTime > 2023-11-14 13:32 | Report Abuse

wow, someone is stealing technology and getting sue
https://twitter.com/Sino_Market/status/1723361620108128554?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1723361620108128554%7Ctwgr%5E5fc0b110cb82224d2e79b8b85c1df13386d7bda0%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.sinodefenceforum.com%2Ft%2Fchinese-semiconductor-industry.8479%2Fpage-3030

Posted by foongsh > 2023-11-14 13:33 | Report Abuse

中芯“谣谣淋仙”。 Lol.

Posted by OnTime > 2023-11-14 13:36 | Report Abuse

win-win case
https://insideevs.com/news/569807/byd-electric-truck-order-einride/

Posted by IDQWE001 > 2023-11-14 13:37 | Report Abuse

TSMC wins trade secrets court case


Taiwan Semiconductor Manufacturing (TSMC) , the world’s largest contract chipmaker, has won a major victory, with a California court ruling that Semiconductor Manufacturing International (SMIC), TSMC’s Chinese rival, had misappropriated trade secrets.

The jury’s decision could further reinforce the dominance of a company that has towered over the rest of the foundry industry, and all but destroy its erstwhile challenger.

TSMC had first sued SMIC in 2003, accusing it of stealing its manufacturing technology after Richard Chang, a former senior TSMC executive, left the company to set up a rival company in China, a market which Taiwan’s government then banned its companies from entering.

In 2005, the two reached a settlement under which SMIC agreed to pay TSMC $175m, partly as compensation for using TSMC patents in the future.

Posted by IDQWE001 > 2023-11-14 13:37 | Report Abuse

Copy also failed. Lol.

Posted by IDQWE001 > 2023-11-16 13:07 | Report Abuse

China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.9% and 0.6%, respectively, on Thursday, while Hong Kong’s Hang Seng index lost 1.6%.

Property developers including Wharf Real Estate (HK:1997) and Longfor Properties Co Ltd (HK:0960) fell between 1% and 3%.

Sentiment towards China was dented by data showing a sustained decline in house prices through October, indicating that the country’s massive property market remained under pressure.

While other economic readings this week- particularly industrial production and retail sales- showed some resilience, a bulk of data for October pointed to sustained weakness in the Chinese economy.

Concerns over the property sector have been a major weight on Chinese markets, as several major developers struggle to restructure their debt. The sector accounts for about a quarter of China’s GDP.

A massive liquidity injection by the People’s Bank also provided only limited support to stocks.

Posted by IDQWE001 > 2023-11-16 13:09 | Report Abuse

So called silly leader Xi created the biggest bubble in human history. Pity local chinese suffered negative assets.

Posted by IDQWE001 > 2023-12-04 14:05 | Report Abuse

Chinese borrowers default in record numbers as economic crisis deepens
More than 8mn people are blacklisted by authorities after missed payments on mortgages and business loans


Defaults by Chinese borrowers have surged to a record high since the outbreak of the coronavirus pandemic, highlighting the depth of the country’s economic downturn and the obstacles to a full recovery.

A total of 8.54mn people, most of them between the ages of 18 and 59, are officially blacklisted by authorities after missing payments on everything from home mortgages to business loans, according to local courts.

That figure, equivalent to about 1 per cent of working-age Chinese adults, is up from 5.7mn defaulters in early 2020, as pandemic lockdowns and other restrictions hobbled economic growth and gutted household incomes.

The soaring number of defaulters will add to the difficulty of shoring up consumer confidence in China, the world’s second largest economy and a crucial source of global demand. It also throws a spotlight on the country’s lack of personal bankruptcy laws that might soften the financial and social impact of soaring debt.

Posted by qqq47660 > 2023-12-04 18:53 | Report Abuse

Abandoned projects...u think never see abandoned projects in Malaysia before meh?

It's just western media think they are at war with China right now.

Posted by i3lurker > 2023-12-04 21:01 | Report Abuse

China does not have any abandoned projects.

Those in China are all called abandoned Cities.
It is like the whole town of Shah Alam all abandoned.

Posted by qqq47660 > 2023-12-04 21:14 | Report Abuse

they are still 800 million Chinese not yet middle class....and will soon need an apartment.

Posted by IDQWE001 > 2023-12-04 21:14 | Report Abuse

Sometimes we call abandoned cities as ghost cities. There is one ghost city built by CCP Country Garden in Johor. CCP export ghost cities and white elephants oversea. Bravo CCP.

Posted by qqq47660 > 2023-12-04 21:17 | Report Abuse

China is a very funny country.... GDP per capita one fifth of USA but people can save money. America GDP per capita five time that of China but cannot save money,............

Posted by qqq47660 > 2023-12-04 21:26 | Report Abuse

ten years ago China also got stories of ghosts cities already...but by now all fully used.

Posted by qqq47660 > 2023-12-04 21:39 | Report Abuse

After all the up and down China Gdp will double again by 2035.... With a Gdp per capita one fifth of America, China still got plenty of room to close the gap.

Posted by qqq47660 > 2023-12-04 21:41 | Report Abuse

China is not Malaysia...China is united, positive , plenty of energy....u think China is Malaysia meh?

Posted by qqq47660 > 2023-12-04 21:57 | Report Abuse

western media want China to die...u think China will die meh?

Posted by qqq47660 > 2023-12-04 22:09 | Report Abuse

If u look at China Vs USA, Europe UK and every where. China is the only country that is united. People are patriotic and they have what is know as whole country approach to solving problems....to China what is important is China not just I. U think China cannot solve it's problems meh?

Posted by IDQWE001 > 2023-12-04 22:57 | Report Abuse

Xi’s own family is directly involved in the drive to expand China’s electric vehicle industry and stands to profit from government handouts and political patronage in building new factories to churn out the vehicles.

The key figure is Daniel Foa, a Briton raised in Wimbledon and now married to the president’s niece, Hiu Ng, the daughter of his younger sister, Qi An’an. Conveniently, elite Chinese families use a multiplicity of names but all this is documented in corporate statements and public records.

Foa popped up last summer when a struggling American EV maker, Fisker, announced it was to open a distribution center in Shanghai. According to its own publicity, Fisker is “driven by a mission to create the world’s most emotional and sustainable electric vehicles.”

Xi will support America EV Fisker due to his British nephew-in-law, Daniel Foa.

Daniel Foa is the China board member of Fisker.