China’s industrial regulatory body, the Ministry of Industry and Information Technology, has expressed strong dissatisfaction with the European Union’s investigation into Chinese electric vehicles, according to a report by China Daily on November 15, 2023.
Right now it is finance capitalism of America Vs real economy and socialism with Chinese characteristics of China...and China has all the right foundations to continue to prosper
Right now, China is under attack by western media.
Stock market America still has advantage. Under constant media attack, it's becomes a negative feedback loop for China.....but for real economy, the western media has much less influence
long term success or failure of China will be based on Xi Jinping's made in China 2025 , chips, automations, self driving cars, AI, robotics , green technology and IR 4.0 technologies.
Moody’s also slashed its outlook for 22 Chinese local government financing vehicles to negative from stable. EV is losing money, local governments in bad debts no more money financing EV.
4 majoar Chinese lenders, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank Corporation.
The other banks on the list were China Development Bank, Agricultural Development Bank of China, the Export-Import Bank of China, and Postal Savings Bank of China Co.
Look at their price to book value very low due to non performance loans. No wonder stock price so low, really rubbish.
Moody's placed the ratings of 26 Chinese local government financing vehicles (LGFVs) on review for a downgrade, while changing the ratings outlook of another 22 LGFVs to negative from stable. It maintained a negative outlook for one other LGFV, Tianjin Binhai New Area Construction & Investment Group.
Under pressure to hit growth targets, regional authorities instead created LGFVs, which allowed them to raise funds and invest in infrastructure outside official budgets. But these entities ended up shouldering hidden debt not reflected in government data.
The IMF estimates that China's LGFVs hold 66 trillion yuan in debt. This is more than the 30 trillion yuan held by the national government, or the 40 trillion yuan by regional governments.
Total liabilities at Tianjin Infrastructure Investment Group, believed to be China's largest LGFV, came to 623.7 billion yuan as of the end of September -- roughly a quarter of the 2.39 trillion yuan for embattled developer China Evergrande Group.
Meanwhile, the city of Tianjin reported a 5.8% decrease in general revenue in 2022 to 184.6 billion yuan while its government-managed fund revenue, which largely consists of sales of land-use rights to developers, plunged 62.4% to 42.3 billion yuan.
Other cities have also seen finances take a hit from the downturn in the property sector.
The IMF estimates that China's LGFVs hold 66 trillion yuan in debt. This is more than the 30 trillion yuan held by the national government, or the 40 trillion yuan by regional governments.
Hu jintao Jiang Jemim era..China calls it cowboy era when every thing also can. Corruption everywhere, pollution everywhere. America loves it. A America loves it even more if China goes back to 1900 poverty
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
CCP loves America and bring more corrupted money to America. CCP makes America great again. White elephants and ghost cities are a scam.
Apple aims to build more than 50 million iPhones annually in India - WSJ
(Reuters) - Apple (NASDAQ:AAPL) and its suppliers aim to build more than 50 million iPhones in India each year, within the next two-to-three years, with additional tens of millions of units planned thereafter, the Wall Street Journal reported on Thursday citing people involved.
Chinese Smartphone Brands Face Regulatory Issues Amid India-China Tensions
While Chinese smartphone brands like Vivo have made inroads in India’s booming mobile market, the companies are facing a rocky terrain due to heightened geopolitical tensions between the two nations.
Last December, Indian customs officials detained almost $15 million worth of Vivo’s smartphones Vivo recently voiced its commitment to support four of its executives who were arrested in India. This comes on the heels of a series of actions taken by Indian authorities against Chinese tech firms, including Vivo, Xiaomi, and Huawei, mostly on charges of financial irregularities such as money laundering. Vivo was already in hot water last December when Indian customs officials detained nearly $15 million worth of its smartphones at a New Delhi airport, affecting its export plans.
Strong FDI and exports driving the strong stock markets. No wonder 2nd and 3rd generation of red army and silly evil Xi close family migrated to Westerns.
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
CCP very united betrayed local chinese and migrated to America,
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3154 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Posted by IDQWE001 > 2023-11-22 02:54 | Report Abuse
China’s industrial regulatory body, the Ministry of Industry and Information Technology, has expressed strong dissatisfaction with the European Union’s investigation into Chinese electric vehicles, according to a report by China Daily on November 15, 2023.