Posted by IDQWE001 > 2 months ago | Report Abuse

Posted by Jefftan123 > 33 seconds ago | Report Abuse

World’s largest chipmaker TSMC to build a second factory in Japan

the future of technology are those with strong and solid alliances.

Posted by qqq47660 > 2 months ago | Report Abuse

The Americans want to empty out Taiwan and succeeding

Posted by qqq47660 > 2 months ago | Report Abuse

As for Japan, the two atomic bombs has make Washington their new emperor

Posted by qqq47660 > 2 months ago | Report Abuse

And that is the shogun spirit. Worshipping the people who drop the bombs

Posted by qqq47660 > 2 months ago | Report Abuse

The best path for Taiwan Korea Japan is to be part of the Confucian alliance with China. The north east Asia Confucian alliance.

As wangyi tells the Koreans Japanese, u paint your faces white also u will be treated as second class by the whites

Posted by qqq47660 > 2 months ago | Report Abuse

America allies in Asia Japan Korea Taiwan, they are Asia's zelenski.

Posted by qqq47660 > 2 months ago | Report Abuse

Malaysia Anwar ask why should we make China angry? No logic in that approach

Posted by qqq47660 > 2 months ago | Report Abuse

Thai PM says China is big brother, same family.

Posted by qqq47660 > 2 months ago | Report Abuse

Wall street is about bubbles and virtual economy not about right and wrong and real economy

Posted by IDQWE001 > 2 months ago | Report Abuse

Japan’s Nikkei 225 breaches 40,000 on tech strength, positive data

Japan’s benchmark Nikkei 225 index surged past a key level in early trade on Monday, extending a technology-driven rally, while positive economic readings also helped improve sentiment towards the economy and over the Bank of Japan.

The Nikkei 225 rose as much as 0.8% to a record high of 40,308.0 points, crossing the 40,000 level for the first time in its history.

Technology stocks remained the biggest boosts to the index, with chipmaking and chip-adjacent stocks clocking sustained gains on persistent hype that artificial intelligence will drive a demand boom in the coming months.

Chip testing equipment maker Advantest Corp. (TYO:6857) jumped 3.7% and was close to a record high, while Tokyo Electron Ltd. (TYO:8035) hit a three-year high. SoftBank Group Corp. (TYO:9984) also traded near a three-year peak.

A tech-fueled rally on Wall Street provided a positive lead-in to Japanese shares, especially as the tech-heavy IXIC closed at a record high on Friday.

Japanese economy seen resilient, inflation set to ease
Key economic readings released on Monday also painted a positive picture for Japanese markets.

Japanese capital spending rose a substantially bigger-than-expected 16.4% in the fourth quarter, defying an unexpected slowdown in economic growth as business spending remained resilient.

Other data showed Japan’s monetary base- a key indicator of inflationary trends- unexpectedly slid to a six-month low in February. The reading, which comes amid a broader cooling in Japanese inflation, gives the BOJ little impetus to aggressively tighten monetary policy.

While the central bank is still expected to raise interest rates from ultra-low levels by as soon as April, it is still likely to keep monetary conditions largely loose, presenting a positive environment for Japanese stocks.

Posted by IDQWE001 > 2 months ago | Report Abuse

Asian stocks dip, Hang Seng tumbles as China outlook fails to impress

Investing.com-- Most Asian stocks fell on Tuesday as investors collected recent profits in the technology sector, while China’s economic outlook and plans for the year spurred little improvement in sentiment towards the country.

Regional markets tracked overnight losses in Wall Street, as record-high valuations and anticipation of more signals on U.S. interest rates also spurred a bout of profit-taking. U.S. futures fell slightly in Asian trade.

Chinese stocks muted, Hang Seng plummets as 2024 targets underwhelm
China’s Shanghai Shenzhen CSI 300 and and Shanghai Composite moved in a flat-to-low range on Tuesday, while steep losses in mainland stocks dragged Hong Kong’s Hang Seng index down 2.5%.

Sentiment towards China worsened after Beijing set a 2024 gross domestic product target of 5%, the same as 2023. But with a lower target for fiscal spending, investors questioned just how China planned to shore up growth to meet its GDP target.

The targets were unveiled during the 2024 National People’s Congress, where the government also promised more measures to increase consumer spending and confidence. But they signaled little change from Beijing’s earlier assurances of policy support, which had so far done little to support the economy.

Separately, private PMI data pointed to slowing growth in China’s key services sector, which bodes poorly for the economy.

Concerns over China spilled over into broader Asian markets, particularly those with high trade exposure to the country. Australia’s ASX 200 relinquished early gains to trade 0.2% lower, despite strong current account data that heralded a positive GDP reading on Wednesday.

Posted by qqq47660 > 2 months ago | Report Abuse

CCP don't run the country
on daily fluctuations in stock market

Posted by IDQWE001 > 2 months ago | Report Abuse

Stocks slide as China's NPC underwhelms

Most Asian stocks slid on Tuesday, led by sharp declines in Hong Kong as the start of China's week-long annual session of parliament disappointed investors with its lack of big ticket stimulus plans to prop up the struggling economy.

Posted by qqq47660 > 2 months ago | Report Abuse

Marcos jr, idq, all these wrong side of history.


Malaysia pm, Thai pm...these on right side of history

Posted by Balian de Ibelin > 2 months ago | Report Abuse

High economic impact data
March 12 release date for Feb CPI
US stocks are waiting to dive for any silly reason.
will take down China stocks as well.

Posted by Jefftan123 > 2 months ago | Report Abuse

China needs to unlock more stimulus to meet 5% GDP target- ANZ

Investing.com-- The Chinese government will likely need to unlock more stimulus to meet its 5% GDP target for 2024, analysts at ANZ said in a note on Tuesday.

ANZ analysts noted that the 5% target, which is the same as 2023, was slightly above market consensus, and likely presented a bottom line for policymakers, who are targeting a doubling in China’s gross domestic product by 2035.

But they said that to achieve the 5% growth, the Chinese economy will need more stimulus in 2024.

To this end, ANZ analysts said the 5% GDP target reinforced the bank’s forecast for an at least 20 basis point cut in China’s policy rates by end-2024, and that April 2024 presented the next window for a cut, when first-quarter GDP data will be released.

The People’s Bank of China had slashed its reserve requirement ratio earlier in 2024 after GDP data for the fourth quarter missed expectations. 2023 GDP also barely grew past the 5% target.

ANZ analysts said that increased fiscal spending will factor into China meeting its GDP target for 2024, but declining fiscal efficiency may present some challenges on the fiscal front.

China unveiled its 5% GDP target during the 2024 National People's Congress, where Beijing also promised more policy support for the economy.

But Chinese markets were largely underwhelmed by the 2024 GDP target, although losses in the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes were limited by apparent buying by government funds. But losses in mainland stocks saw Hong Kong’s Hang Seng index plummet 2.4%.

Wrong side o history reflected in Hong Kong’s Hang Seng index. TSEC weighted index 19,386.92 right side of history.

Posted by Jefftan123 > 2 months ago | Report Abuse

US, Taiwan. Japan's stocks are historical high there are no problem for 3-5% adjustment.

Posted by qqq47660 > 2 months ago | Report Abuse

Actually it's very simple. The country with the least inflation is the healthiest country and happiest citizens...and it's not due to lack of demand but because of highly effective and efficient supply of every thing.

Posted by qqq47660 > 2 months ago | Report Abuse

With out of order inflation like Malaysia good meh?

Posted by qqq47660 > 2 months ago | Report Abuse

There is no lack of demand in China
Household expenditure increased by 8% last year and every social in China improved last year. Including healthcare, education, common prosperity, better wealth distribution, live longer, healthier happier

Posted by qqq47660 > 2 months ago | Report Abuse

analysis of China is incomplete without this.

https://www.youtube.com/watch?v=0BjbTZts__s

Posted by Jefftan123 > 2 months ago | Report Abuse

A large number of electric vehicles are abandoned, and China’s emerging “cemeteries” abound

(Shanghai News on the 5th) Under the influence of climate change, the automobile industry is promoting transformation. Major traditional car manufacturers have launched electric vehicles one after another. A large number of new startups have sprung up to try to seize the market. However, as the supply surges and the demand side fails to keep up with the growth, China has begun to emerge. "Electric car graveyard".

From Hangzhou to Nanjing, a large number of abandoned electric vehicles have appeared in many places in China. These vehicles may have been abandoned after the ride-hailing platform went bankrupt, or they may have been gradually eliminated as car manufacturers continue to introduce electric vehicles with better performance and longer driving range. . This reflects the overcapacity and waste that may be faced when capital pours into emerging industries, and it has also become a "strange milestone" in the rapid progress of electric vehicles.

Most of the abandoned vehicles are simple electric vehicles equipped with batteries that can travel about 100 kilometers on a single charge. Most of them were manufactured in the mid-2010s, when the Chinese government offered generous subsidies to attract hundreds of car manufacturers to enter the electric field. in the ride-hailing sector, and are purchased in bulk by ride-hailing platforms that care less about long-term quality.

Posted by Jefftan123 > 2 months ago | Report Abuse

Ride-hailing companies collapse

A senior analyst at JSC Automotive pointed out that in the early stages of the development of China's electric vehicle market, vehicle delivery volume was mainly driven by shared vehicle fleets, and only a small number of consumers would choose to buy them. These vehicles are mainly purchased by ride-hailing platforms and rented to users.

This demand fueled the electric vehicle industry, which has grown exponentially ever since. China is currently at the forefront of the global electric vehicle field. It produced about 6 million electric vehicles and gasoline-electric hybrid vehicles last year, accounting for almost 1/3 of new domestic sales and 60% of the total number of existing electric vehicles in the world. In Beijing With the support of China, China also has the most extensive charging infrastructure.

However, the speed of light has also caused a lot of impact. Now people can buy new electric vehicles that can travel 300 kilometers on a single charge for only about US$10,000 (approximately RM47,300). Therefore, a large number of old Several electric vehicles have been phased out, and many ride-hailing companies that were the first to adopt electric vehicles have gone bankrupt. There are currently about 100 electric vehicle manufacturers in China, down from about 500 in 2019. In the past five years, nearly 400 electric vehicle companies have withdrawn from the market.

Forging production records to defraud subsidies

Before Tesla, the major American electric vehicle manufacturer, entered China in early 2020 and started production at its Shanghai plant, most of the electric vehicles produced in China were small in size and of low quality. Faced with consumers with various choices of fuel vehicles, Electric cars have little appeal.

To promote the popularization of electric vehicles, the Chinese government began to provide subsidies of up to 60,000 yuan (approximately RM39,700) per vehicle in the late 2000s and restricted the number of fuel vehicles in several major cities. Automakers have nurtured and founded a number of ride-hailing startups, which in turn have become major buyers of electric vehicle products.

In the mid-2010s, as China expanded support for the adoption of electric vehicles and promoted a credit system to reward manufacturers for producing electric vehicles, companies began to exploit loopholes to obtain subsidies by forging non-existent EV records.

The People's Daily revealed in 2016 that dozens of companies had defrauded more than 9.3 billion yuan (approximately RM6.15 billion) in subsidies.

Posted by Jefftan123 > 2 months ago | Report Abuse

Serious impact on the environment

In 2019, Beijing began to significantly reduce state subsidies for the purchase of electric vehicles. Many ride-hailing companies were caught off guard by the policy change, which seriously affected the cash flow of these companies without preparation. It was also from that year that the "electric vehicle graveyard" "field" began to attract public attention.

The large number of abandoned electric vehicles also raises additional environmental concerns. The rapid elimination of older models may offset the benefits of electric vehicles in combating climate change, because the carbon emissions generated by manufacturing electric vehicles are greater and may require It will be a few years before electric vehicles become more dominant than fuel vehicles. In addition, whether the steel and batteries used in the structures of these abandoned electric vehicles contain key metals such as nickel, lithium, and cobalt can be recycled and reused is also a major focus of attention from the outside world.

Posted by qqq47660 > 2 months ago | Report Abuse

China bashing knows no limits..............as long they can can get part of Congress budget to bash China.

Posted by qqq47660 > 2 months ago | Report Abuse

China's priority is to achieve it objectives and that is doable.

Posted by qqq47660 > 2 months ago | Report Abuse

its very easy to bash, just be determine will bash.

but only China can deliver.

like for example whole country approach to solving environmental, climate change, pollution problems and then lead the world in every thing related to green energy.

Posted by qqq47660 > 2 months ago | Report Abuse

America plans to electrify it's cars is becoming a total flop. That is the reality..

Too many problems they cannot solve

Posted by qqq47660 > 2 months ago | Report Abuse

Abandoned cars in China. Most of them are ice cars and become worthless

Posted by Jefftan123 > 2 months ago | Report Abuse

(New York 6th) The Wall Street Journal reported that the Chinese National Congress was held on the 5th, and Premier Li Qiang announced that China's GDP growth target for this year was 5%, the same as last year. That said, it also shows that China's economic growth miracle is over, and that China's leader, Xi Jinping, is leading the country to transition from high to low growth, but the transition is like walking a tightrope in the face of internal and external troubles, and China faces a high risk of long-term economic stagnation.

According to the report, Xi Jinping has made it clear that he is not interested in pursuing economic growth at all costs, that he does not care much about market perceptions, and that although economists and investors are clamoring for more measures to inject a boost into the economy, he believes that flooding is a wasteful act for short-term profits and long-term pain. His emphasis is on "high-quality development," a concept that economists believe includes a greater emphasis on national security, party authority, ideological purity, and political stability.

This can be seen from the Chinese government's sudden announcement on the 4th that it would cancel Premier Li Qiang's press conference after the end of the National People's Congress, and that the Third Plenum of the CPC Central Committee was not convened last fall.

Overseas observers had expected the Third Plenum, which focused on economic issues, to learn how China could address long-term challenges such as low investor confidence, deflationary pressures, demographic challenges, shrinking exports, a declining housing market, a tightening of household spending, and high unemployment.

"It shows that they have exhausted their imagination to solve difficult problems," said Yale professor Roach. He added that Xi Jinping has repeatedly talked about new growth models and new sources of production, "but we need to see concreteness, and we lack the Third Plenum."

Posted by qqq47660 > 2 months ago | Report Abuse

wall street and all american media want to see China die.

but China will not die. China will carry on its own modernization path suitable for China.

Posted by qqq47660 > 2 months ago | Report Abuse

Xi Jinping is very much a modern Confucian and very Chinese and a socialist.

every action every decision of Xi Jinping will be based on morals, especially Confucian and socialist morals.

Posted by qqq47660 > 2 months ago | Report Abuse

moral society of China vs immoral, no moral society of USA.

this will be played out in coming years in very clear ways.

Posted by qqq47660 > 2 months ago | Report Abuse

u can rest assured that Xi jinping is not interested in shortermism, in short cuts, in stock market, . but rather focus fully on what is moral.

Posted by Jefftan123 > 2 months ago | Report Abuse

China's 2024 economic blueprint lacks details Market participants are unreassured

In order to boost confidence in China's economy, Beijing has set a full-year economic growth target of around 5%. But in the view of some analysts, Premier Li Qiang's goal but no concrete plan will not solve the serious challenges facing the world.

Li Qiang announced on the opening day of the National People's Congress that China will maintain the same economic growth rate as last year, the second time in 10 years that Beijing has not lowered its economic targets, the last time in 2018 when the trade war between China and the United States broke out.

Caught in the longest deflationary cycle since the 1990s
Although Li Qiang told the delegates that achieving this year's expected goals would require concerted efforts from all sides, this was not reflected in his government work report. He did not adjust the fiscal deficit ratio, did not launch major measures to boost consumption, and did not give specific details on how to solve the housing crisis. China is in the midst of its longest deflationary cycle since the 1990s, and the government work report does not directly mention deflation.

"This is a target that is not supported by a concrete plan," said Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis. "This shows that the authorities in Beijing do not recognize the gravity of the situation. What do you need to do to support consumption? Wages have been falling, it's deflation, what are you going to do about it? ”

China is hopeful that confidence in private enterprises and residents will pick up. According to Xinhua News Agency on Tuesday, Xi Jinping expressed support for the development and growth of the private economy and private enterprises when participating in the deliberations of the Jiangsu provincial delegation, boosting the confidence of the whole society in development.

Posted by Jefftan123 > 2 months ago | Report Abuse

China's economy has been slowing for more than a decade
China's economy has been slowing for more than a decade, and it is slowing more and more widely, growing at an average of just over 4 percent over the past two years.

President Xi Jinping advocates self-reliance and self-improvement in science and technology, placing national security as important as economic growth. At the same time, the massive stimulus measures previously introduced during the economic downturn are no longer being used to contain debt risks.

Li Daokui, a professor at Tsinghua University who advises the Chinese government on setting annual targets, said this year's growth targets were quite aggressive. He believes that projects such as the renovation of old towns, which were highlighted on Tuesday, are also crucial, but officials should focus on stimulating consumption.

Li Daokui told Bloomberg TV that he told the prime minister that China needs to adopt more aggressive policies to boost consumption. Li suggested that the government issue consumption vouchers worth RMB1 trillion on the next major festival.

Li Qiang reiterated that he will promote the trade-in program to promote the consumption of electric vehicles, electronics and other big-ticket goods. Goldman Sachs estimates that the program could contribute 0.6 percentage points to GDP growth this year.

Focus on the supply side
or lead to more deflation and international trade tensions
Officials have also been instructed to reorient economic growth and accelerate the development of new productive forces, a slogan coined by Xi Jinping in September that refers to cultivating a driving force for high-tech development. The vague wording has heightened fears that China's policies will focus on the supply side in the future, leading to more deflation and international trade tensions.

China has set a target of 1 for the full year of new urban jobs

Posted by qqq47660 > 2 months ago | Report Abuse

4 or 5% GDP growth, any G7 country can only dream of it but cannot get.

Posted by qqq47660 > 2 months ago | Report Abuse

China 4 or 5% GDP growth, China will still be the largest contributor of world growth.

Posted by qqq47660 > 2 months ago | Report Abuse

India is a 3 trillion usd economy. at 8% India will contribute USD 240 billion to growth. China at USD 20 trillion economy at 5% will contribute 1 trillion to world growth

Posted by DickyMe > 2 months ago | Report Abuse

This number games are for school kids to cock about.

Posted by qqq47660 > 2 months ago | Report Abuse

dicky, take anwar words....malaysia do not want to piss off China.

Posted by qqq47660 > 2 months ago | Report Abuse

only id.iots and american puppets want to piss off China.

Posted by DickyMe > 2 months ago | Report Abuse

So, you are saying Anwar admitted that Malaysia is a lapdog of China?

Posted by qqq47660 > 2 months ago | Report Abuse

I think Malaysia should respect and get to know China more. Anwar doing a great job in Australia telling the Australia to f off and not create trouble in this region.

Posted by qqq47660 > 2 months ago | Report Abuse

Dicky, u want Anwar be like Marcos jr meh?

Posted by qqq47660 > 2 months ago | Report Abuse

China only help do not give trouble to neighbors

Posted by qqq47660 > 2 months ago | Report Abuse

Mahathir is right to say if China really want to invade, we just let them in. No point fighting...just too big to fight

Posted by xiaoeh > 2 months ago | Report Abuse

QQQ
as a Malaysian i will fight for my motherland
Malaysia is for Malaysian
any invader be it a bit bear or small cat is not allow

Posted by xiaoeh > 2 months ago | Report Abuse

big bear

Posted by xiaoeh > 2 months ago | Report Abuse

if you think that all Malaysian will not dare to fight
u must go have u head check
let's drop this topic QQQ