“中国沉没” - The Sinking of China

[GUDANGARAM]

China's economy is going through a 'slow, painful, grinding adjustment,' analyst says​

PUBLISHED MON, SEP 16 2024 3:58 AM EDT

Sonia Heng
@IN/SONIA-HENG
WATCH LIVE

KEY POINTS

• Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, economists have tapered their expectations for the country's full year GDP growth.
• Eswar Prasad, professor of international trade and economics at Cornell University, warned that Beijing's economic outlook for the second half of the year is now "flashing red, or pretty close to red."

 

[Byebye Penis]

 

[syed putra]

It takes just one day for prototype to be made from a design for say a drone or toys or electric gadgets.
And just a few months for a motor vehicle.
Same with China economy. It can be reversed quickly with the right policies. But currently, the communist are in charge.

 

[nightsafari]

China's economy is going through a 'slow, painful, grinding adjustment,' analyst says​

PUBLISHED MON, SEP 16 2024 3:58 AM EDT

Headline needs to be changed to 'slow,..... grinding death'

 

[nightsafari]

bro. I still say you the smartest guy in this forum. your output here will put many professionals to shame. and always enjoyable and informative to read.

 

[k1976]

Move to Heaven​

• Article
• Talk
• Language
• Download PDF
• Watch
• Edit

Move to Heaven (Korean: 무브 투 헤븐: 나는 유품정리사입니다) is a 2021 South Korean television series directed by Kim Sung-ho and written by Yoon Ji-ryeon. It is an original Netflix series, starring Lee Je-hoon, Tang Jun-sang, and Hong Seung-hee. The series follows Geu-ru (Tang Joon-sang), a young man with Asperger's, and Sang-gu (Lee Je-hoon), his guardian. Working as trauma cleaners, they uncover untold stories.[1] It was released worldwide by Netflix on May 14, 2021.[2]

Move to Heaven
Promotional poster

 

[k1976]

https://www.architecturaldigest.com/story/unpacking-akiya-the-millions-of-empty-houses-in-japan

An abandoned house in Naraha, Japan
Photo: Eric Lafforgue/Art in All of Us/Getty Images

Why are there so many cheap, empty houses in Japan?​

Many of theses houses have been left for different reasons, though the catalyst is often the death of the original owner. Sometimes an heir refuses to accept the home that their families left behind.

Others do not name an inheritor, or relatives who have been passed the home don’t need it but don’t want to sell family land out of respect.

In any situation, the result is often the same: an empty house left to sit and deteriorate. “These properties are becoming increasingly common due to factors such as urbanization, aging populations, and changing family structures,” Matsuo Post adds.

 

[k1976]

However, as Matsuo Post adds, “Getting a mortgage from a Japan-based bank is nearly impossible as a non-resident. So non-resident foreigners basically need to buy akiya (or real estate) in cash.”

How much do akiya cost?​

The cost of akiya varies depending on a number of factors, such as location, condition, and size. “I bought my first akiya at the end of 2023. It was a very distressed abandoned house in a great location in Minami-ku, Yokohama,” Matsuo Post says. “I renovated it and am now in process of renting it out to a long-term tenant.” He paid five million yen, or about $32,000, for the property and put around $13,000 into renovations (two million yen).

 

[k1976]

Can foreigners buy akiya in Japan?​

Anyone can buy akiya, and the prospect is becoming particularly attractive to American citizens. “Anyone can buy real estate in Japan, regardless of their nationality,” Matsuo Post confirms.

Matthew Ketchum, a cofounder of Akiya & Inaka, a real estate company that specializes in akiya deals, told The New York Times that a majority of international clients are now coming from the United States, a significant uptick from when the firm first opened in 2020. Since speaking with the Times, Ketchum has left Akiya & Inaka and now runs Akiyaz.

 

[k1976]

Fast forward 10-20yrs...China will face the similar issue as its population profile getting "inverted" with low birthrate.

Excess property is a very real problem that need to be address while there are still options on the Table

 

[k1976]

China has 2050 to settle these problem
It need to drive high tech industry to address the transition into a Old Aged Society and Dwindling Workforce with High Medical Payout...sound familiar?

 

[nightsafari]

Great reset unfolding for commodities. Can China, Fed stop it?​

Bloomberg Professional Services
September 9, 2024



This analysis is by Bloomberg Intelligence Senior Commodity Strategist Mike McGlone. It appeared first on the Bloomberg Terminal.
US natural gas and corn have dropped to break-even costs around $2 per million BTUs and $4 a bushel, with implications for most commodities, notably crude oil.

If WTI does what it has since the 2008 peak — get too cheap — a rough equivalent is around $40 a barrel. Plunging government bond yields in China and rising US unemployment may indicate the commodity pendulum isn’t done seeking a low-price cure. But sold-out managed money (hedge funds) offers near-term support.

Commodities are in a great reset, indicated by gold’s roughly 30% rise vs. a similar decline in the Bloomberg Commodity Spot Index since Russia invaded Ukraine. That the metal is beating equities may suggest deflationary domino risks from some reversion in the US stock market. It often takes a lag to Fed easing for commodities to bottom.

nope

 

[nightsafari]

China is now like Murika in 1928 or Nippon 1990. They need to choose carefully which route is BEST and Substainable

 

[nightsafari]

All including Office Bulldings, shopping mall and warehouses are offloaded to Rich Savvy Overseas Investors in record good prices in 2010-2018

like temasek. go all in on china.

I'm trying to look for the news articles last year published about Temasek yeendian CIO betting big on China, but it seems to be scrubbed from the internet. I remember showing it and sharing it with people a few months ago. But now no trace of it.

This is the closest I can find :

https://www.businesstimes.com.sg/in...about-china-gic-doubling-down-certain-sectors

 

[k1976]

Subscribe
Markets

Thailand to Boost Borrowing by 8% to $78 Billion to Spur Growth​

• Debt officials met with bond traders, fund managers on Monday
• New prime minister is pushing for urgent economic stimulus

By Suttinee Yuvejwattana
September 17, 2024 at 11:02 AM GMT+8
Save
Translate

Thailand plans to raise government borrowing by about 8% in the fiscal year starting October to aid economic growth, according to people familiar with the matter.


About 1.1 trillion baht ($33 billion), or 41% of the total $78 billion, will be fresh borrowing to mainly finance the budget deficit, while the rest has been earmarked for refinancing and restructuring of existing debt, said the people, who declined to be identified as they aren’t authorized to discuss the information before it’s made public.

The Public Debt Management Office held a meeting with bond traders and fund managers on Monday in Bangkok, according to the people.

 

[k1976]

Markets - meanwhile...let enjoy some Huat Big Big

Chinese Appliance Giant Midea’s Shares Jump 9.5% on HK Debut After Raising $4 Billion​

• Appliance maker’s deal was upsized due to strong demand
• IPO is Hong Kong’s biggest since Kuaishou Technology in 2021

Unmute




WATCH: China’s top appliance maker Midea Group Co. celebrates its Hong Kong trading debut.Source: Bloomberg
By Dave Sebastian
September 17, 2024 at 7:30 AM GMT+8
Updated on
September 17, 2024 at 11:31 AM GMT+8
Save
Translate

Shares of Chinese appliance maker Midea Group Co. rose in their Hong Kong debut after the city’s biggest listing in three years saw robust demand and revived hopes of a turnaround for its struggling market.


The stock jumped as much as 9.5% from its issue price to HK$60 in early trading. The offering was priced at HK$54.80 apiece, the top end of the marketed range. The Foshan, China-based company’s $4 billion upsized listing is Hong Kong’s biggest debut since Kuaishou Technology’s $6.2 billion offering in early 2021.

 

[k1976]

BYD Takes Full Control of Mercedes-Benz Venture in China​

• BYD wholly owns Denza brand after buying remaining 10% stake
• Split comes during fraught tensions between China and Europe

By Linda Lew
September 17, 2024 at 11:09 AM GMT+8
Save
Translate

Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an increasing number of foreign carmakers dial back their exposure to the world’s biggest auto market.

BYD has acquired the remaining 10% of shares it didn’t already own in a company set up to market the Denza premium electric vehicle brand, according to a statement late Monday that didn’t provide a value for the deal. Representatives for Mercedes-Benz in China declined to comment.

 

[k1976]

like temasek. go all in on china.

I'm trying to look for the news articles last year published about Temasek yeendian CIO betting big on China, but it seems to be scrubbed from the internet. I remember showing it and sharing it with people a few months ago. But now no trace of it.

This is the closest I can find :

https://www.businesstimes.com.sg/in...about-china-gic-doubling-down-certain-sectors

There are few intereating articles "vanishing" after they publish in july-aug

 

[k1976]

Many many Big Bosses and VVIPs tio lure into China in 2011-18 after China Miracle Recovery from 2008-10 Great Recession.

Some VVViP lost minimum 2b

 

[k1976]