Posted by qqq47660 > 2024-02-02 19:06 | Report Abuse

Xi jinping made in China 2025 program is on target and that is what matters.

Biden can stop it meh?

For China what don't kill China make China stronger just like Huawei is now stronger than before.

If u want to kill China first u have to kill Huawei

Posted by qqq47660 > 2024-02-02 19:16 | Report Abuse

Liberal democracies are dead because no one can win elections without being liars and the results have not been good compared to Singapore China Russia

Posted by qqq47660 > 2024-02-02 19:20 | Report Abuse

Moral breakdown in all western democracy is very obvious.

China show a better alternative with Confucianism and a moral society, rule by morals, lead by morals., government by morals.

Posted by IDQWE001 > 2024-02-02 19:29 | Report Abuse

Hong Kong
CNN
—
Chinese shares haven’t just had a bad start to 2024. It’s been rough going since February 2021, when they hit their most recent peak.

Over the past three years, about $6 trillion — equivalent to roughly twice Britain’s annual economic output — has been wiped off the value of Chinese and Hong Kong stocks.

The Hang Seng index has crashed 10% so far this year alone, while the Shanghai Composite and Shenzhen Component indexes are down 7% and 10% respectively.

The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future.

“The past three years were no doubt a challenging and frustrating period for investors and market participants in Chinese equities,” Goldman Sachs analysts wrote in a research note Tuesday. “China … [is] currently trading at suppressed valuations and decade-low allocations across [investment] fund mandates.”

The world’s second largest economy is plagued by a myriad of problems. They include a record downturn in real estate, deflation, debt, a falling birthrate and shrinking work force, as well as a shift towards ideology-driven policies that has rattled the private sector and scared away foreign firms.

The stock meltdown has made Chinese markets the world’s worst performers so far this year. All this is playing out against the backdrop of a global stock market rally, led by Wall Street’s record-setting run, and by Japan in Asia.

There are signs the Chinese government is beginning to worry. Reuters reported this week that Beijing asked banks to sell dollars to prop up the yuan, and Bloomberg said Tuesday that the government was preparing to intervene directly to support stocks.

Chinese Premier Li Qiang on Monday ordered officials to take “forceful and effective measures” to stabilize the markets. But can investors’ confidence be restored?

Posted by qqq47660 > 2024-02-02 20:14 | Report Abuse

12months money, plenty of shares in HK to buy.

Posted by qqq47660 > 2024-02-02 21:14 | Report Abuse

the back ground is there is a law in US to force US hedge funds to sell down their China shares.

this also means the share prices are low at artificial low prices.

Posted by qqq47660 > 2024-02-02 21:45 | Report Abuse

All talks of China collapse is just wishful of American politicians and writers

Posted by IDQWE001 > 2024-02-03 07:06 | Report Abuse

US bill targeting Chinese biotech firms WuXi AppTec, BGI hits delay

A bill in the U.S. Congress that sparked a sell-off in shares of China's WuXi AppTec hit a delay in the Senate this week, a Senate aide and three other sources said on Friday.

The bill would prohibit federal agencies from contracting with China's BGI Group, MGI, Complete Genomics, WuXi AppTec, their subsidiaries and other biotechnology companies of concern. It would also stop the government from entering into contracts with companies that use their equipment or services.

It sent shares of Wuxi AppTec tumbling 21% overnight.

The bill, sponsored by Democratic Senator Gary Peters, did not move out of committee this week, as expected. It will be considered at a future date, said a majority aide for the Senate Committee on Homeland Security and Governmental Affairs, which Peters chairs.

The bill is not expected to move out of committee for at least a few weeks, said another congressional aide.

A companion bill proposed by Republican Congressman Mike Gallagher, chair of the House select committee on China, accuses the companies of aiding Beijing's military.

No date has yet been set to move the House bill out of committee, that congressional aide said.

The Chinese biotech companies pose a threat to how sensitive American data and personal health information can be accessed by the Chinese Communist Party, the Senate aide said on Friday.

Shares of WuXi AppTec and WuXi Biologics (HK:2269) tumbled on Friday as investor fears grew over the draft legislation targeting the China biotech giants.

WuXi AppTec, which provides drug R&D and manufacturing services, has denied any ties to China's military and said its business does not pose national security risks to any country.

WuXi AppTec said last week that company-related content in proposed U.S. legislation on biosecurity is not appropriate or accurate. The company is "closely watching" the development of the bill, it said in a filing to Shanghai bourse.

BGI Group said last week that it supports protecting personal data, but the legislation "which will effectively drive BGI from the U.S. market will not accomplish this goal." The company added that in the U.S. it does not collect patient samples or have access to personal or genetic data.

Units of BGI Group appear on a U.S. Department of Commerce export control list over allegations that they pose a "significant risk" to contributing to Chinese government surveillance.

Reuters also has reported that BGI was collecting genetic data from millions of women for sweeping research on the traits of populations, and collaborates with China's military.

Posted by qqq47660 > 2024-02-03 10:47 | Report Abuse

China already prepared any China company that is successful will face suppression from America. That is why America hegemony will have to end

Posted by qqq47660 > 2024-02-03 11:05 | Report Abuse

There is real economy and there is virtual economy. Share prices is part of virtual economy. Lessons from Huawei. Huawei was never listed

Posted by qqq47660 > 2024-02-03 21:35 | Report Abuse

gambling economy or real economy?

China will stick with real economy policies.

Posted by qqq47660 > 2024-02-03 23:52 | Report Abuse

real economy policies means follow Chinese philosophy, Confucian philosophy , prudence, hard work, unity, sacrifices, what is good for the people not just the rich.

Posted by Jefftan123 > 2024-02-05 08:23 | Report Abuse

Battling between US optimism, China pessimism

A look at the day ahead in Asian markets. A wave of economic data from the Asia & Pacific region hits local markets on Monday, as investors get their first chance to react to the sizzling U.S. employment numbers from Friday and digest the latest deterioration in sentiment towards China.

Monday's economic calendar includes purchasing managers index figures from several countries including China and Japan, Indonesian GDP, Thai inflation and Australian trade.

If Asian markets take their cue from Wall Street, expect a burst higher. There was nothing in the January jobs report that suggests the U.S. economy's momentum is fading. Quite the opposite.

With the tailwinds of bumper tech earnings also behind them, the S&P 500 roared to a new all-time high and the Nasdaq jumped to a fresh two-year peak. Remarkably, that is the S&P 500's 13th weekly gain out of the last 14.

Music to Asian bulls' ears, right? Yes, but there are grounds for caution - the dollar bounced back, U.S. bond yields are soaring, and concern over China's economy and markets is back at the forefront of investors' minds.

China's CSI 300 index of blue chip shares fell on Friday, bringing its losses for the week to 4.6 per cent. That's the biggest weekly decline since October 2022, and comes as the index fell six months in a row for the first time ever.

The IMF last week warned that China's growth could slow to 3.5 per cent by 2028, and the United States added more than a dozen Chinese companies to those it alleges are working with Beijing's military, as part of a broader effort to keep American technology from aiding China.

Meanwhile, Republican presidential candidate Donald Trump has said he would impose tariffs on China again if he is elected in November and they could exceed 60 per cent.

That said, the poor price action, newsflow and sentiment are drawing some investors in. Bank of America and EPFR data show cumulative inflows into Chinese stocks have hit a new record, and Goldman Sachs says hedge funds have been buying at the fastest pace in five years.

Posted by Jefftan123 > 2024-02-06 09:59 | Report Abuse

Chinese turn U.S. embassy post into 'Wailing Wall' for stock plunge

BEIJING (Reuters) - Many Chinese are venting their frustration at the slowing economy and the weak stock market in an unconventional place: the social media account of the U.S. Embassy in Beijing.

A post on Friday on protecting wild giraffes by the U.S. embassy on Weibo (NASDAQ:WB), a Chinese platform similar to X, has attracted 130,000 comments and 15,000 reposts as of Sunday, many of them unrelated to wildlife conservation.

"Could you spare us some missiles to bomb away the Shanghai Stock Exchange?" one user wrote in an repost of the article.

The Weibo account of the U.S. embassy in China "has become the Wailing Wall of Chinese retail equity investors", another user wrote.

The U.S. embassy did not immediately respond to a Reuters request for comment.

While Weibo users can publish individual posts about the market and the economy, Chinese authorities regularly block what they view as "negative" online comments when they gain traction.

The comments function on posts related to the economy or the markets on social media platforms can also be turned off, or only show selected comments, restricting channels in which people can express their opinions.

China's blue-chip CSI300 Index tumbled 6.3% last month, plumbing five-year lows, after a raft of government support measures failed to prop up confidence dented by multiple economic headwinds, including a multi-year property slump, tepid domestic consumption and deflationary pressures.

In late January, state media reported that China will take more "forceful" measures to support market confidence after a cabinet meeting chaired by Premier Li Qiang.

Chinese authorities have since ramped up efforts to calm investors, sending out positive messages that sometimes produce the opposite effect.

On Friday, the official People's Daily published an article with the headline: "The entire country is filled with optimism".

The headline was soon mocked on Chinese social media.

A Weibo user, in an repost of the U.S. embassy's giraffe protection article, wrote: "The entire giraffe community is filled with optimism."

Posted by qqq47660 > 2024-02-06 12:47 | Report Abuse

https://vt.tiktok.com/ZSFLVEAQb/
Every American knows the negatives about China economy in 2023. Well promoted by mainstream media. And supports the china collapse theory, China deflation theory, China going to be like Japan lost decades theory.

What the media did not highlight are the positives in this article which did a good job

Two things have happened. It's the virtual economy Vs real economy. Virtual economy means stock market and stock market analyst's and China did badly in 2023 ...but china real economy did well and nothing as bad as virtual econ
omy. America is the opposite

Posted by qqq47660 > 2024-02-06 18:42 | Report Abuse

Forget America writers. They all want China to die but China will not die.

Posted by Jefftan123 > 2024-02-06 18:53 | Report Abuse

‘Overthrow XI Jinping’ Displayed in China! Man Flees to US, Remotely Leads Anti-CCP Actions

https://youtu.be/dAt0L0JLJKc?si=_bPzhq4f7Jk01pYP

Posted by Jefftan123 > 2024-02-06 18:54 | Report Abuse

Stark Contrast! Loyalty to CCP Sinks Hong Kong’s Economy! Rejecting CCP, Taiwan’s Economy Soars

https://youtu.be/VZoAg961m1c?si=VYh4rfFQSDX0hej4

Posted by qqq47660 > 2024-02-06 22:19 | Report Abuse

The pla just have to surround Taiwan and Taiwan will have to surrender or be destroyed

Posted by Jefftan123 > 2024-02-06 22:40 | Report Abuse

Come lah. No action talk only.🤣🤣

Posted by Jefftan123 > 2024-02-06 22:41 | Report Abuse

China's top chipmaker SMIC reports a 55% fall in quarterly net profit

BEIJING/SHANGHAI: China's largest chipmaker Semiconductor Manufacturing International Corp (SMIC) on Tuesday reported a 55% fall in fourth-quarter profit, missing analyst expectations as it cited weak global demand and fierce industry competition.

Unaudited profit attributable to owners of the company during the quarter came in at $174.68 million, down from $385.53 million in the quarter and missing the consensus estimate of $277 million, according to the LSEG poll of analysts.

Revenue for the quarter rose 3.5% to $1.68 billion, slightly above the consensus revenue estimate of 1.66 billion yuan in the poll.

For the full year, revenue was $6.32 billion, down from $7.27 billion in 2022. Net income fell to $902.5 million in 2023 from $1.82 billion in the previous year, SMIC said.

Rubbish chips maker.🤣🤣

Posted by qqq47660 > 2024-02-06 22:44 | Report Abuse

there is more than one Jimmy Lai among the 1.4 billion people...............nothing surprising.

Posted by qqq47660 > 2024-02-06 23:38 | Report Abuse

CCP? the proper name is the CPC.

Posted by IDQWE001 > 2024-02-07 08:43 | Report Abuse

U.S. sanctions on chipmaker SMIC hit at the very heart of China’s tech ambitions.

Posted by qqq47660 > 2024-02-07 10:09 | Report Abuse

Used to be china Achilles heels but impressive progress made

Posted by qqq47660 > 2024-02-07 10:41 | Report Abuse

In the long run the current property crisis is very good thing for China. Nobody wants property prices be like HK. Something have to break

Posted by qqq47660 > 2024-02-07 11:06 | Report Abuse

Smic priority far from profit maximisation. It's national duty

Posted by qqq47660 > 2024-02-07 11:07 | Report Abuse

China will soon solve all chips bottlenecks

Posted by qqq47660 > 2024-02-07 11:58 | Report Abuse

The best way to face
Challenges is face them head on and never give up

Posted by IDQWE001 > 2024-02-07 12:12 | Report Abuse

Nvidia hits record high as Goldman Sachs boosts PT on AI prospects

Feb 5 (Reuters) - Nvidia's shares (NVDA.O), opens new tab scaled a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker's stock in anticipation of a major boost to its earnings from the artificial intelligence (AI) boom.
The stock rose about 4% to $689.21 and looked set to add about $70 billion to the company's market capitalization. Nvidia was valued at $1.63 trillion as of Friday's close.
Nvidia has emerged as a poster child of the AI frenzy and saw a record monthly jump in its market value in January.

Posted by IDQWE001 > 2024-02-07 12:15 | Report Abuse

I mentioned Nvidia last year in this blog 6 months ago, the share price about only USD 400. Silly fool qqq still want to argue with me. 🤣🤣

Posted by Jefftan123 > 2 months ago | Report Abuse

Foreign direct investment in China falls to 30-year low

BEIJING -- Investment in China by companies based abroad has sunk to the lowest level in 30 years, according to official data released on Sunday, in a sign that foreign corporations are leaving China due to tougher crackdowns on spying and U.S. sanctions.

Posted by qqq47660 > 2 months ago | Report Abuse

Decoupling will continue but China will continue to grow and prosper

Posted by qqq47660 > 2 months ago | Report Abuse

It's too late to wish China collapse.

After this latest transition, China will emerge stronger than before

Posted by qqq47660 > 2 months ago | Report Abuse

In every industry u can think of sanctions will only give China stronger motivations to find solutions

Posted by qqq47660 > 2 months ago | Report Abuse

U think the Americans can take away the rights of the Chinese to develop and to make money meh?

Posted by qqq47660 > 2 months ago | Report Abuse

The imperialist era is over. That is the trend and cannot be changed

Posted by Jefftan123 > 2 months ago | Report Abuse

China's foreign direct investment totaled $33 billion on a net basis in 2023, according to the State Administration of Foreign Exchange, down about 80% from 2022. The figure was positive as new investment surpassed outflows. But FDI declined for the second straight year and is less than 10% of the peak of $344 billion marked in 2021.

Inflows exceeded outflows by $17.5 billion in the October-December quarter. This followed the first-ever net outflow recorded in the prior quarter.

Posted by qqq47660 > 2 months ago | Report Abuse

https://asiatimes.com/2024/02/china-is-not-turning-japanese/

Posted by qqq47660 > 2 months ago | Report Abuse

Germany Japan UK already in recession.

They better take care of themselves first

Posted by qqq47660 > 2 months ago | Report Abuse

No easy way out for Germany Japan UK...
China is in a very good position to advance further . With bright future

Posted by qqq47660 > 2 months ago | Report Abuse

The decoupling will continue and the global south with China at the center far better place to be in compare with G7

Posted by qqq47660 > 2 months ago | Report Abuse

Without China G 7 inflation will destroy themselves

Posted by qqq47660 > 2 months ago | Report Abuse

Made in China is the only label for companies to make money and for consumers
To have affordable products

Posted by qqq47660 > 2 months ago | Report Abuse

There is no replacement for made in China

Posted by qqq47660 > 2 months ago | Report Abuse

America consumers will not get cheap China EV. They will have to do with expensive GM and ford

Posted by qqq47660 > 2 months ago | Report Abuse

For 99% of America their lives getting worse every year

Posted by qqq47660 > 2 months ago | Report Abuse

Every year more Chinese are having better lives and still got 700 million who moves to middle class over next 20 years

Posted by qqq47660 > 2 months ago | Report Abuse

Just because America wants China to collapse u think China will collapse meh?

Posted by qqq47660 > 2 months ago | Report Abuse

what is the point of producing net FDI figures for China? China has reached the stage when it is growing bigger and bigger every year as an exporter of investments to the world.