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Archive for the ‘China’ Category

Welfarism is OK, OK?

In China, Political governance, S'pore Inc on 11/05/2024 at 3:43 pm

Sounds like Singapore under LKY, Xi’s “bias against ‘welfarism’”

 [China] must not “fall into the trap of ‘welfarism’ that encourages laziness”.

FT article

Under his beloved son, there’s been a swing towards social protection especially for the elderly (self included). But the official ideology was still against ‘welfarism’ whatever this Hard Truth meant.  

But the constructive, nation-building ST is now rewriting history?

Our kay poh living in Tokyo has this good rant:

You can say Chua Mui Hoong and the ST have amnesia. You can also say this is making a big deal out of something not big at all. But you can also say slippery slope, what slippery slope? 😂 The only thing you can say that is closest to the truth is that, the social safety net has indeed expanded but this expansion is merely catching up from the nasty old days and there is still more catching up to do. There was no slippery slope in the past becos we are such a long distance from it that saying there is one is just scare mongering bs. And ofcos Hard Truths die hard but has to die sooner or later becos Hard Truths were for a different time that is long past.

HSBC: looking good

In Banks, China, Hong Kong on 02/05/2024 at 4:05 am

Sign China preparing to invade Taiwan?

In China, Gold on 01/05/2024 at 6:14 am

The Daily Telegraph says China has built a stockpile of gold worth £135 billion, in a move that’s raised fears that Beijing is preparing for a possible conflict over Taiwan. The paper says in the past 17 months China’s central bank has increased its gold reserves by 16% and it is thought the stockpiling is probably an effort to guard its economy against Western sanctions in the event of a war.

https://www.bbc.com/news/blogs-the-papers-68925388

America is Great Again

In China on 26/04/2024 at 11:30 am

Why China and Russia got a point

In China, India, Japan on 25/04/2024 at 4:20 am

Who is the warmonger? The Hegemon spends more on its military than the next 9 other big spenders. And Russia is fighting a war, albeit one it started.

Gold: It’s slit eyes wot done it

In China, Gold on 24/04/2024 at 12:29 pm

Gold’s slightly off its recent record hights.

Chinese speculators super-charged the gold rally and the sell off. Huge bullish bets on Shanghai exchanges show the growing clout of Chinese and other Asian traders in the gold market gold.

Mao would be proud. Remember his “The Chinese people have stood up”?

Buying power: American retail buyers v China’s central bank

In China, Gold on 14/04/2024 at 9:21 am

Customers from US supermarket store Costco buy from Costco 40,000 to 80,000 ounces of gold each month, half as much as the Chinese central bank. 

China’s central bank added 160,000 ounces of gold, worth $384m, in March.

In August it became possible to buy hunks of the metal at Costco, an American superstore beloved by the cost-conscious middle classes for selling jumbo-size packs of toilet paper, fluffy athletic socks and rotisserie chickens, all at super-low prices. The retailer started selling single-ounce bars of gold, mostly online, for around $2,000—just a hair higher than the spot value of bullion at the time. It sold out almost immediately, and continues to do so whenever it restocks. Analysts at Wells Fargo, a bank, estimate that shoppers are buying $100m-200m worth of gold each month from the superstore, alongside their sheet cakes and detergent.

That would be 40,000 to 80,000 ounces of gold each month; or, in other words, up to half as much as the Chinese central bank. 

https://www.economist.com/finance-and-economics/2024/04/11/what-chinas-central-bank-and-costco-shoppers-have-in-common

HK also got its JB

In China, Hong Kong on 13/04/2024 at 2:57 am

It’s the Pearl River Estuary

A trip to China appeals in part because Hong Kong remains an eye-wateringly expensive place to call home. Goods and services from hospitals to hotpots are more affordable on the other side of the Pearl River Delta. Hong Kongers are flocking to cheap and cheerful shopping destinations like wholesale retailer Sam’s Club. The Hong Kong government noted, opens new tab on Wednesday an increasing demand for less frivolous activities such as cross-border healthcare, too.

https://www.reuters.com/breakingviews/hong-kong-catches-tantalising-glimpse-future-2024-04-12/

Ang moh tua kee?

In China on 30/03/2024 at 4:29 pm

Grandpa Xi is juz another ang moh tua kee, being nice to USof A CEOs in Beijing.

Why he not entertaining Asean CEOs?

Ho, Ho, Ho: Our SWFs kanna stuck

In China, GIC, Private Equity, Temasek on 28/03/2024 at 7:02 am

Alibaba abandoned a planned IPO for its logistics division, Cainiao Smart Logistics Network, instead offering to buy out minority shareholders in the business. Temasek and GIC are minority shareholders.

Peanuts are the payout:

represents 0.7 times forecast 2024 sales, according to analysts at Jefferies

https://www.reuters.com/breakingviews/alibaba-sends-out-sos-hong-kongs-market-2024-03-27/

Glut of pork in China

In China on 05/03/2024 at 5:17 am

China’s agriculture ministry announced plans to stop pork prices from plunging. A persistent fall in the prices, a carefully-watched economic indicator, has compounded deflation in the country. The government said guidelines on herd sizes should be followed more closely: China’s pig population, which makes up around half the global total, grew from 310m in 2019 to 434m last year.

Economist: Daily Briefing

Can China export frozen pork to S’pore? Will win it a lot of fans.

HSBC outperforms DBS

In Banks, China, Hong Kong, S'pore Inc on 23/02/2024 at 5:40 am

Time to buy China?

In China on 04/02/2024 at 9:14 am

JPMorgan has forecast the MSCI China index  \will finish the year at 66: up 30%. Fallen 10% this year.

No super cycle for battery minerals

In China, Commodities on 31/01/2024 at 5:18 pm

Cavalry (not US) to the rescue

In China, Financial competency on 24/01/2024 at 5:24 am

Hong Kong stocks climb on call for ‘forceful’ state support to curb market rout

Chinese Premier Li Qiang says ‘effective measures’ needed to boost confidence

FT headline

Bloomberg reported that the Chinese would reportedly spend around 2trn yuan (US$278bn) buying shares. 

Good Dragon Year ahead.

Feeling bullish on China?

In China, Commodities on 16/01/2024 at 12:53 pm

Gd news on China?

China’s economy is about to grow surprisingly fast again. That, at least, is the message sent by the stock performance of some of the world’s biggest iron ore miners Down Under, which exports to the People’s Republic some 80% of its supply of the key raw material for steel.

https://www.reuters.com/breakingviews/iron-ore-investors-mine-irrational-exuberance-2024-01-16/

Time to buy China?

In China on 02/01/2024 at 12:08 pm

Ang mohs have cut and run.

China still keeps on sucking in commodities

In China, Commodities on 31/12/2023 at 5:37 am

Despite slowing growth.

Renminbi use globally

In China, Currencies on 25/12/2023 at 8:06 am

The actual share of the RMB is far greater since most of it occurs outside of SWIFT,

I’m surprised that sterling is still up there.

SOEs strike back

In China on 23/12/2023 at 5:01 am

They dominate China’s list of listcos.

Btw Tencent, China’s biggest company by market capitalisation, tumbled 12.4%, the sharpest one-day drop for the company in 15 years. Gaming accounts for about 30% of the group’s revenues. And there now new rules tightening gaming restrictions.

Xi: inflation fighter

In China on 11/12/2023 at 4:16 am

He keeps prices down, not just affordable (Think our millionaire PAP ministers).

Consumer prices have been affected this year by declining pork prices. Food prices fell by 4.2% in November.

US and friends V China and friends

In China, India on 09/12/2023 at 5:20 am

Note that the mamas are sitting on the fence.

China’s share of global GDP

In China, India on 28/11/2023 at 4:30 pm

Why Modi keeps banging his balls.

Fleeing China

In China on 27/11/2023 at 4:42 am

The UN refugee agency reports growing numbers of Chinese asylum-seekers, with 116,000 in 2022, seven times more than in 2012.

Economist’s World Ahead 2024

They are leaving via smuggling routes through South-East Asia or South America.

Why China will NEVER replace the US of A as Hegemon

In China on 26/11/2023 at 6:31 am

Can u imagine a Chinese team made of non Han Chinese? It won’t happen.

America: Still the home of the rich

In China, India on 13/11/2023 at 4:05 am

China and India have populations of a billion each. The US had a population of 332m and Germany 84m in 2021.

Xi got his priorities right

In China on 10/11/2023 at 4:39 am

It did. China’s economy edged back into deflation last month, spurred by falling pork prices.

Plenty of poor Chinese and Xi knows inflation hurts them. He leaves it to Biden and other ang mohs to love inflation rather than deflation.

Japanese investing in India like there’s no tomorrow, reducing ASAP in China

In China, India, Japan on 04/11/2023 at 4:50 pm

Modi to Xi: “Lick my ass”

In China, Financial competency, India on 01/11/2023 at 6:18 am

Nifty 500, which contains the top 500 listed companies on the National Stock Exchange in Mumbai returned 249% since the start of 2013.  S&P 500, returned 189% in the same period.

Interesting that over 30 years China has performed so badly. Even Japan has done better.

French luxury goods cos bigger than UK’s Shell, AstraZeneca and HSBC

In China, Financial competency on 04/10/2023 at 6:29 am

Says a lot about the global rich and in particular the Chinese rich.

World turned upside down.

Last year’s seizure by Paris of the crown for Europe’s biggest stock market was a symbolic twist … London is overtaking Paris because It reflects flagging designer handbag sales in China 

FT’s Lex

What I found more interesting is that LMVH, L’Oréal and Hermès are bigger than Shell, AstraZeneca and HSBC. Luxury goods businesses are valued more than three global traditional businesses in energy, pharma and finance. And in consumer goods (Unilever).

Says a lot about China and the global rich.

Sources: LSEG and Datastream

Why China is Battery King

In China, Commodities, Energy on 02/10/2023 at 1:26 pm

God loves China?

Or is Green the new Red?

No it shows that industrial policy can work if a country does the dirty, polluting stuff that ang mohs rather not do. Ang mohs forgot their own saying “Where’s there muck, there’s brass”. “Brass” means “mpney”.

Bearish for oil: Peak oil for China

In China, Energy on 28/09/2023 at 5:33 am

On a day when oil is trading at a 10-month high of more than US$97 a barrel, look at this chart:

As the use of electric vehicles grows, oil demand in China is set to fall off, affecting everything from the country’s energy mix to the production of petrochemicals — and the global future of oil as a commodity.

FT newsletter

China is champion saver/ LKY’s Hard Truth at work

In China on 27/09/2023 at 4:51 pm

China is in fact hyper-capitalist. An enormous proportion of national income goes to the controllers of capital and is being saved by them.

Our Harry would be proud of the CCP and the Chinese. He believed that there wasn’t such a thing as too much savings.

But there is a problem. Akan datang.

China: Hot Air King

In China, Energy on 26/09/2023 at 3:06 am

OK, OK, China is the world’s king when it comes to offshore wind

Btw,  China has control of 70% of the market for some key components for offshore wind projects.

Problem for the world is that despite its offshore wind installations (existing and pending), it still relies primarily on coal, oil and gas to generate electricity.

Oil: Can believe or not?/ EV R China

In China, Energy on 17/09/2023 at 5:22 pm

Grandpa Xi is no natch for Trump and Biden

In China on 16/09/2023 at 3:22 pm

The real reason why the US declared war on Huawei?To make Apple Great in China and to spy on China via Apple?

Back in 2019, the iPhone maker was being eaten by Huawei and other Chinese rivals. Apple had only about a 9% share of the world’s biggest smartphone market (China), but today, that figure is over 20%. Apple even became the top smartphone maker in China in the last quarter of 2022 and the first quarter of this year as it filled the gap in the premium phone segment left by Huawei’s retreat.

The Americans have a history of spying via access to telecommunications.

The CCP has woken up to the danger and told govt employees to stop using iPhones in the office.

Why China is preventing the renminbi from falling

In China, Currencies on 13/09/2023 at 3:35 am

Once upon a time China was accused of keeping its currency weak to keep the world buying its cheap and cheerful exports.

Now China is trying to hold its currency up to prevent an asset price rout rather than hold it down to boost exports.

World turned upside down.

India growing/ Is one party rule good for the economy?

In China, India, S'pore Inc on 11/09/2023 at 4:13 am

China’s slowing down a lot.

But India is growing partly because the ruling party under Modi is getting more authoritarian: behaving more like the CCP and the PAP. Modi admires our Harry.

China’s slowing down because Xi is getting even more authoritarian. He puts national security and self reliance above the good life for the masses.

Looks like there’s a point when authoritarianism becomes detrimental to growth and prosperity for the masses. .

Wonder if S’pore has reached that tipping point? What do you think?

China aiming for global supremacy?

In China, Commodities on 06/09/2023 at 4:50 am

Otherwise why so much battery spare capacity? Remember what happened with steel, aluminium and solar panels? Remember also not many non Chinese producers left of a host of critical raw material such as magnesium because of cheap Chinese production flooding the market.

China is building battery plants far beyond its needs

Why mamas think they are as great as China

In China, India on 31/08/2023 at 3:25 am

Further to And India thinks it’s in same league as China? and And India thinks it’s China equal militarily?,

India will soon rival China in its contribution to global growth

% share of world growth in GDP, at purchasing power parity

This will make Indians more delusional in thinking India is China’s equal.

Cheat sheet on whose who in EV supply chain

In China on 29/08/2023 at 4:20 pm

Expanded BRICs v G7

In China, India, Uncategorized on 29/08/2023 at 9:32 am

Why Modi is crying in his onions

In China, India on 26/08/2023 at 2:57 am

No not because Grandpa Xi is showing at the Brics conference that China is the top dog in world outsude the developed world: Where China is the Hegemon.

India keeps thinking that its rival is China, despite China leaving India to eat China’s dust: And India thinks it’s in same league as China? and And India thinks it’s China equal militarily?

Elections will be held this year in five of India’s 28 states, including heavyweight constituencies Madhya Pradesh and Rajasthan. The next Indian general election is expected to be held in India between April and May 2024

But inflation is a problem. Tomatoes and onions are difficult to get hold. India has imposed a 40% export tax on onions because of higher domestic prices.

Retail prices of onions in India have risen around 20% year-on-year, averaging at around 30.72 Indian rupees (37 US cents) per kilogram on Aug. 19. India is the world’s largest exporter of onions, and contributes over 12% of global onion trade.

Related post: India is the rice exporting hegemon

China’s Co-propsperity Sphere

In China, Financial competency on 25/08/2023 at 6:14 am

China’s trade with its best customer and biggest rival (the US of A)shrank by a fifth in July compared with a year earlier.

:”So what?” says Grandpa Xi.

Still peanuts: EV sales in China

In China on 24/08/2023 at 1:24 pm

Despite China’s expertise in electric vehicles (EVS) and in making them (Another lunch China is stealing) and subsiding their sales, the public prefers internal combustion vehicles because they are cheaper.

Another lunch China is stealing

In China, Japan on 23/08/2023 at 1:36 pm

This time from the Germans and Japanese.

China became a car-exporting tua kee in large part because of its dominance in electric vehicles.

Even Tesla is exporting from China. And brands from my younger days like MG and Volvo are really Chinese today.

Where does the US of A get the $ to outspend/ How much does US owe us?

In China, Hong Kong, India, Japan, Philippines, S'pore Inc, Thailand, Vietnam on 22/08/2023 at 4:10 am

The US spends more on defence than the next top 10 countries combined but where does it get the money from.

It borrows. Its treasury debts was US$30.93 trillion in 2022

Of the total 7.6 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 868.9 billion U.S. dollars in U.S. securities.

https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/

Btw, the FT reports that US Treasury reports that Treasuries owned by Japan and China — the two biggest owners of US debt — fell by 11% and 12% respectively, over the year to June.

Check out this graphic by clicking on it. Tells u how much our millionaire ministers put in US treasuries.

Who is bigger tua kee? China or US?

The US spends more on defence than the next top 10 countries combined

In China, India, Japan on 21/08/2023 at 5:15 am
Header logo

Sources: Peter G Peterson Foundation; Stockholm International Peace Research Institute

China and Russia have a point when they call the US “warmonger”.

More interesting is where the US gets the $ to spend so much? The Americans are hedonists not savers.

Akan datang.

Hint, hint LOL.

 

Why China cannot afford not to sort out the property sector mess

In China on 21/08/2023 at 3:49 am

It and the construction sector drive the Chinese economy. A lot more than these sectors do in developed countries.

Its present policy of doing almost nothing has to change. Hopefully a recent flurry of BS announcements of changes is a prelude to some major policy announcements. It needs to bailout, or restructure the finances of local govt and property developers. If it doesn’t want to bailout, it has to make developers and local govts “eat bitterness” by writing down their assets and going bust.

We are 4th in world on time spent on smartphones

In China, India, Indonesia, S'pore Inc, Telecoms, Thailand on 14/08/2023 at 2:54 am

Indonesians are champion talkers. Thais also talk a lot.

Surprisingly Indians and Chinese don’t talk so much.

Welcome back the Chinese hordes

In China, Tourism on 11/08/2023 at 3:12 am

Japanese and South Korean shares surge on return of Chinese tour groups

FT headline

So should SE Asian markets because China is moving to scrap pandemic-era restrictions on overseas group travel to 78 countries.

The Yellow Peril and now the big spenders.

The average Chinese visitor spent 42 per cent more than that from the US and more than double that from Japan, according to the Korea Tourism Organisation.

Why Germans kiss Xi’s ass?/ Where your Audi, Merc or Beemer really is made

In China on 10/08/2023 at 2:32 pm

Germany’s car industry must also tackle its growing China problem. Having benefited from the Asian giant’s rapid growth in recent decades—in the second half of 2022 Germany’s three big car companies made around 40% of their revenue there—they are now suffering from a reversal of fortunes. Volkswagen has just cut its global delivery forecast owing chiefly to slowing Chinese sales. Geopolitics are liable to make things worse. And Chinese rivals have started expanding abroad, particularly in Europe. Last year, for the first time, China exported more cars than Germany: around 3m and 2.6m vehicles, respectively.

…  In China’s fast-growing market for evs, the vw brand is an also-ran, with a market share of 2%.

https://www.economist.com/business/2023/07/31/what-if-germany-stopped-making-cars

Your premium German car is NOT made in Germany

Nearly three-quarters of passenger cars sold under a German brand are now made abroad. Last year a mere 3.5m vehicles left local factories—about as many as in the mid-1970s.

https://www.economist.com/business/2023/07/31/what-if-germany-stopped-making-cars

Ex-China East Asian equities

In China, Emerging markets, Japan on 05/08/2023 at 2:55 pm

Performing well, unlike China: ‘Ex-China’ Asian investments attract ang moh $

China: Exports of electronics dropped while those of batteries and cars rose

In China, Uncategorized on 03/08/2023 at 2:19 pm

China is avenging the opium trade

In China on 03/08/2023 at 5:00 am

UK merchants like Jardine, Matheson and Sassoon smuggled smuggled opium into China. Today China feeds US demand for synthetic opioid .by selling to Mexican drug gangs the chemicals to make fentanyl.

Always look on the bright side

In China, Financial competency, Hong Kong on 01/08/2023 at 9:58 am

(Update on 1 August at 5.30pm:

Reality seems to be sinking in with more bad news: The CSI 300 and Hang Seng index both gave up 0.4 % as investors worried over the country’s stalled post-pandemic recovery.)

China yesterday released a bad set of economic numbers. But

Loos like Chinese equities bulls are like this guy

More on why luxury stocks tanked so suddenly

In China on 31/07/2023 at 2:47 pm

Further to Out of fashion within months, luxury groups are bracing for the end of the post-pandemic recovery boom as recent data shows that Chinese and US consumers become more selective in their purchases. Whatever happened to the view that the reall, really rich (not our millionaire ministers) will keep on spending? LOL. Macron wasted his time: Why when Xi tells Macron to kiss his ass, Macron obliges.

But luxury stocks ain’t the only investments that investors are fickle about: From Zeroes to Heroes within a year.

Out of fashion within months

In China on 28/07/2023 at 2:01 pm

The really rich and Chinese are spending less.

Swiss jewellery maker Richemont is also suffering.

Just a few months ago: Why when Xi tells Macron to kiss his ass, Macron obliges.

‘Ex-China’ Asian investments attract ang moh $

In China, Emerging markets, India on 26/07/2023 at 3:36 am

Yesterday was a great day for Xi. China’s CSI 300 rose 2.9%, while the Hang Seng Index was up 4.1%. The Hang Seng Mainland Properties Index and the Hang Seng Tech Index was up more than14% and 6% respectively.

All because the politburo made vague promises to extend further measures to bolster the “tortuous” post-pandemic recovery.

But still for the first time since 2017, net inflows into ‘ex-China’ emerging markets were more than US$41bn, exceeding those into mainland Chinese equities, according to Goldman Sachs data, the FT reported recently.

The markets attracting the $. Yes Korea and Taiwan are “emerging markets”. Btw, S’pore isn’t.

All this means, double confirm tai tai is clueless: Tai tai keeps losing money. She looks after her elderly husband. No helper because she’s using the helper money to pay herself. Poor man.

Chinese and Indian millionaires don’t think their countries are the future?

In China, India, S'pore Inc on 25/07/2023 at 4:53 am

They think Oz, S’pore, US, Switzerland, Canada, parts of the EU and NZ are better. The Russians are going to the UAE as that’s the only place that will allow them in.

Why China is courting foreign private equity

In China, Private Equity on 24/07/2023 at 11:52 am

as part of concerted effort to re-engage with foreign investors and businesses.

The $ are not coming in.

And India thinks it’s in same league as China?

In China, India on 21/07/2023 at 12:12 pm

Delusional again. Related post: And India thinks it’s China equal militarily?

China and the 4 pygmies

And India thinks it’s China equal militarily?

In China, India on 20/07/2023 at 9:50 am

Delusional analysis. LOL.

China’s currency sucks more than its stock market

In China, Currencies on 17/07/2023 at 1:02 pm

I’ve posted recently the relative stock market performances on the left, but look at the currencies’ relative performance on the right.

China sucks.

And here’s one more chart on stock prices.

Wonder what China is exporting to us?

In China, Economy, S'pore Inc on 15/07/2023 at 11:52 am

China’s trade with us and Russia grew, it fell with its other major trading partners.

When China stops beating up the tech sector and now praises it

In China, Hong Kong on 14/07/2023 at 1:28 pm

Yesterday the Hang Seng index was up 2.6%, and the Hang Seng Tech index rose 3.6%. The CSI 300 gained 1.4%. This despite China’s exports and imports shrank faster than expected in June.

Markets were happy that Chinese government officials said China supported the tech sector.

Today the indices are a lot quieter,

HK doesn’t need ang moh kow tourists

In China, Hong Kong, Tourism on 11/07/2023 at 12:34 pm

Ang moh not tua kee

More on Chinese deflation

In China on 10/07/2023 at 9:36 am

Further to Why the CCP is feeding the bear?, it looks as though China is not afraid of deflation, prefeering it to inflation, unlike the ang mohs.

Why the CCP is feeding the bear?

In China on 08/07/2023 at 6:26 am

China is close to deflation while other large economies are fighting inflation. Sounds like good news for the bulls. Inflation is not a problem. Can expand the economy.

And more good news as a result. China still has room for further rate cuts

But the bear market keeps on rolling. It’s underperforming while Nasdaq records best start to year in 40 years.

Why is good news really bad news?

Because the Chinese are taking a cautious approach to economic stimulus. They don’t want reflate the economy via interest rate cuts or increased fiscal spending.

They want to show that ang mohs are more stupid (Ang moh brokers got China wrong) than  Tai tai who keeps losing money?

Or the CCP is scared that attempts to revive consumer spending and save the property developers will lead to the Mother of Collapses (after the intervening boom) that will imperil their rule?

:

Ang moh brokers got China wrong

In China, Financial competency on 05/07/2023 at 4:48 pm

They too pro CCP i.e. they were too bullish. They still very bullish. Got a lot of positions to unwind. Hoping to sell off to fund managers more stupid than Tai tai keeps losing money

Russia’s enemies and friends

In China, India on 28/06/2023 at 4:36 am

In the case of Brazil and India, “neutral” means “anti-West” and less friendly to Russia than China.

Fyi, we are “West-leaning”.

US not containing China?

In China on 20/06/2023 at 4:29 am

Blinken said when meeting Xi recently that the US was not trying to “contain” China.

I hope Xi showed him this map and told him to read him https://www.economist.com/united-states/2023/06/15/how-the-pentagon-thinks-about-americas-strategy-in-the-pacific.

Makes China’s attempts to “own” the South China Sea (via the 9-dash line) pathetic.

Okinawa (part of Japan) and Guam (US territory) are unsinkable aircraft carriers.

And

The US has two unsinkable aircraft carriers off China: Japan and Taiwan. Four if you include Korea and the Philippines. Throw in S’pore and it has five.

Taiwan is also Airstrip One and Japan is Airstrip Two: shades of Orwell’s 1984.

Can’t blame China for feeling corralled, angry and frustrated

American tech stocks wax, Chinese ones wane (cont’d)

In China on 16/06/2023 at 4:03 pm

Further to American tech stocks wax, Chinese ones wane, American tech cos are valued more than Chinese ones

American tech stocks wax, Chinese ones wane

In China on 15/06/2023 at 6:21 am

China realises bullying doesn’t work

In China on 14/06/2023 at 11:45 am

China’s influence in SE Asia has waxed. US of A’s has waned

In China, Indonesia, Malaysia, Philippines, S'pore Inc, Thailand, Vietnam on 14/06/2023 at 3:56 am

We and PinoyLand are in America’s corner.

Tan ko ko: When will China’s GDP overtake America’s?

In China on 12/06/2023 at 4:01 am

Recent forecasts have pushed the date further into the future. Maybe Goldman Sachs was right in 2003: 2041? Note Capital Economics (this year) thinks it won’t happen.

Oil, glorious oil: who has it and who will have it

In China, Energy on 11/06/2023 at 5:33 am

Eat your heart out Xi. The Hegemon will continue producing lots of it. China will have less of it in the future.

India is the new China

In China, India on 09/06/2023 at 4:30 pm

The real China now a plodding tortoise

Can’t blame China for feeling corralled, angry and frustrated

In China on 05/06/2023 at 6:02 am

And doing dangerous stunts when confronting ships and aircraft of the Hegemon and its allies

Look at the map.

China has just warned western militaries to stay out of waters and airspace near its borders if they want to avoid dangerous run-ins with the People’s Liberation Army. The defence minister said the US and its allies“ are using the pretext of freedom of navigation to conduct navigational hegemony”. He complains that Chinese warships and planes don’t do these exercises off the Hegemon’s shores. LOL. It can’tbecause it hasn’t bases near the US of A.

The US has two unsinkable aircraft carriers off China: Japan and Taiwan. Four if you include Korea and the Philippines. Throw in S’pore and it has five.

Taiwan is also Airstrip One and Japan is Airstrip Two: shades of Orwell’s 1984.

Where China is the Hegemon

In China, India on 01/06/2023 at 3:08 am

G7 is losing ground, but exclude China and BRICS is BS. Chart also shows mamas in MamaLand are deluded in thinking they are China’s equal.

The US is in decline? China is rising? Invest wisely

In China on 31/05/2023 at 6:15 am

Update early morning 1 June 2023:  The Hang Seng China Enterprises index on 31 May fell 1.9%, bringing the benchmark more than 20% lower from its January recent peak. It’s now into bear market territory.

——-

What a load of BS if this chart is anything to go by, it’s China in decline: for this year at least.  The benchmark CSI 300 index of Shanghai- and Shenzhen-listed stocks was down more than 10% from its peak this year: correction time.

And its not just this year. When S&P was making new highs because of the tech stocks, China at best was just middling around if not falling.

Invest wisely. Don’t be like the tai tai who bot into Xi’s BS: Tai tai keeps losing money. LOL,

China and the real white gold

In China, Other Precious Metals on 26/05/2023 at 4:11 pm

Why Germans and French lick Xi’s ass

In China on 18/05/2023 at 1:38 pm

Thr Dutch got more pride.

Chinese EV chain dominance

In China on 30/04/2023 at 3:20 am

Buffett’s Chinese 10-bagger

In China on 29/04/2023 at 11:45 am

Yesterday Tesla rival BYD has reported a more than fivefold jump in net earnings for the first quarter.

BYD was the world’s largest plug-in hybrids and pure electric vehicles maker in 2022, with a total of 1.86 million cars sold, growing faster than Tesla. And its growing.

Buffett’s company acquired 225 million BYD shares in 2008, giving it a 7.73% stake, equal to the 20.49% stake in H shares, according to BYD’s annual report.

A few months ago he sold 1.55 million shares for HK$351.81 million (US$44.85 million)/

The sale lowered Berkshire’s holdings in BYD’s issued H-shares to 12.9% on Jan. 27, down from 13.04%,

Berkshire has since August last year reduced its holding by more than a third.

Can’t blame China

In China on 27/04/2023 at 1:04 pm

Western int’l media (parroting Western govts) accuse China of creating alternative structures for international co-operation, particularly with the developing world.

But looking at the unequal influence that ang moh countries and Japan have at the World Bank, China is right to create alternative structures.

Apple R China: Who needs who more?’

In China on 26/04/2023 at 4:07 pm

More like Siamese twins, with China being the larger twin.

Which is why Apple is going big in Vietnam, doing stuff in Thailand, and planning to be very big in India.

Even as Apple shifts some final assembly of its products to other countries, it relies on its long Chinese supply chains for components. Making tech gadgetry is a capital-intensive business. No country will have a manufacturing ecosystem like China’s any time soon, says Anshul Gupta of Gartner, a research firm: “There will always be some interdependence across these markets. You cannot just be completely decoupled.”

https://www.economist.com/business/2023/04/20/why-apple-is-betting-big-on-india

Remember that Warren Buffett has a lot of Apple shares.

9 dash line? What 9 dash line?

In China, Vietnam on 25/04/2023 at 3:28 am

Antony Blinken, the US secretary of state, and Pham Minh Chinh, Vietnam’s prime minister, recently met in Hanoi to upgrade bilateral ties to form a new “strategic partnership”. Mr Blinken said America would send a third US Coast Guard vessel to Vietnam to promote “peace and stability in the South China Sea”.

Imagine how upset the US would be if Cuba agreed to allow a Chinese police patrol boat to operate from Cuba?

But what’s the point of being the Hegemon if you can’t kick sand in the face of a wannabe-be co-Hegenon that thinks it owns the South China Sea?

China’s a paper tiger

In China on 18/04/2023 at 12:17 pm

It beat up Australia with trade bans after the previous coalition government called for an inquiry into the origins of covid-19, in 2020. It also wasn’t happy that Oz and the US were strengthening military ties.

But it still had to do a lot of trade with Oz

 

It now is easing back on restrictions on trade.

An end to those trade restrictions would show that China can’t push Oz around, especially as Australia has made no concessions on defence, instead doubling up by pursuing a deal with America and Britain to secure nuclear submarines.

Why when Xi tells Macron to kiss his ass, Macron obliges

In China on 17/04/2023 at 5:31 am

After Macron visited China, he said that it was not the Europe’s business “getting caught up in crises that are not ours”: Europe should not be “followers” of America on a crisis like Taiwan.

Chinese love buying ang moh branded luxury goods and French luxury good makers (the big ones are Hermès, Kering, LVMH and L’Oréal) own many of these brands.

Where China is the 800-pound gorilla and where it’s a pygmy

In China, Energy on 08/04/2023 at 5:30 am

 According to Pi Capital, the cost of creating batteries in China, the US and Europe is respectively US$127, US$157 and US$160 per kilowatt of energy.  But add the impact of America’s Inflation Reduction Act, it is US $127 in China and the US but US$178 in Europe.

Where China is a weakling. No one (OK, OK, almost no one) wants to trade oil in its currency.

Jack Ma the new Pecos Bill

In China on 04/04/2023 at 10:02 am

He also can ride a tornado:https://en.wikipedia.org/wiki/Pecos_Bill. Why Wall St is a cowboy town.

Since this chart came out last week, the share price has gone up a bit more.

MNCs creating new Co-prosperity Sphere

In China, India, Indonesia, Japan, Vietnam on 24/02/2023 at 4:25 pm

As workers earn more in China (Chinese labour costs escalate and the US of A tries to contain China, MNCs are creating new supply chains that by-pass China.

No single country offers China’s vast manufacturing base. Yet taken together, a patchwork of economies across Asia presents a formidable alternative. It stretches in a crescent from Hokkaido, in northern Japan, through South Korea, Taiwan, the Philippines, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Cambodia and Bangladesh, all the way to Gujarat, in north-western India. Its members have distinct strengths, from Japan’s high skills and deep pockets to India’s low wages. On paper, this is an opportunity for a useful division of labour, with some countries making sophisticated components and others assembling them into finished gadgets.

https://www.economist.com/business/2023/02/20/global-firms-are-eyeing-asian-alternatives-to-chinese-manufacturing

Chinese labour costs escalate

In China, India, Malaysia, Vietnam on 22/02/2023 at 12:55 pm

making Indian and Asean costs look attractive.

China owns the sun

In China, Energy on 07/02/2023 at 10:41 am

OK, OK, China dominates solar pv manufacturing capacity.

China controls 79% of the production of polysilicon used for solar panels, 97% of the production of solar wafers, 85% of solar cells and 75% of the manufacturing process to assemble cells in modules, according to an International Energy Agency report published in July 2022.

https://www.reuters.com/breakingviews/china-ban-would-slow-not-halt-western-solar-push-2023-02-03/

Indian capitalism and democracy make Chinese communism look great

In China, India on 06/02/2023 at 4:25 am

OK, OK, there’s no such thing as Chinese communism. It’s socialism with Chinese characteristics.

China is hot (cont’d)

In China on 01/02/2023 at 2:37 pm

China is hot

In China on 01/02/2023 at 8:52 am

Copper: Upper, up and away

In China, Commodities on 30/01/2023 at 6:16 am

China’s open for business again.