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He china citizens turn Sinkies
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phucked up prc
- Thread starter eatshitndie
- Start date
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In other words, a fucking tiong spy.
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Many of them here.
We true sinkies have to stand in unity.
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Show no mercy to these tiong dogs. 终共五毛狗虽远必诛。
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Why does it matter? I deal with my colleagues from 3 offices in 3 Chinese cities everyday.
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Continue to deal with your chinaman colleagues
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smoking tiong unker guo hui is owed 20m rmb by evergrande, and is selling his porsche cayenne and apartment to pay off his debts. he's waiting for a bailout by the ccp, and blaming them for not quickly helping thousands of tiong investors, suppliers, and contractors. granted it's not directly the ccp's fault, but such a powerful and all-seeing authoritarian gov cannot predict, control and prevent such a financial disaster as evergrande? phucked up is what ccp is.
his son guo jinx, oops jing, also smokes, and will most likely inherit nothing except his bad habits.
his son guo jinx, oops jing, also smokes, and will most likely inherit nothing except his bad habits.
Last edited:
- Joined
- Jul 25, 2008
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prc bans foreign spectators for 2022 winter olympics in beijing. truly phucked up.
https://www.cbsnews.com/news/beijing-olympics-covid-guidelines/
https://www.cbsnews.com/news/beijing-olympics-covid-guidelines/
Ok lah. Just means all foreign spectators are physically distanced from local spectators. Very good.
The government should also reimburse for all gambling losses.
- Joined
- Aug 10, 2008
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Those Tiong towkays should be thankful they are still allowed to live. Their wealth will be confiscated and China will turn into 'Greater North Korea'.
- Joined
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should pay all wuhan whores too for loss of business due to pandamic.
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And you still get to keep Geylang Serai. What's your point?
- Joined
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prc roads go dark causing traffic jams.
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- Jun 27, 2018
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This might actually b a good thing as long as the guilty face their just desserts
Evergrande execs face ‘fate worse than debt’
Collapse of China's Evergrande Group could hurt Australia's economy
A Chinese property behemoth is on the brink of total collapse,…
A large, financially interconnected company is on the verge of collapse, weighed down by massive debt.
The government ponders a bailout. There’s no easy answer. Doing nothing risks serious financial upheaval. But bailing it out will signal that greed, irresponsibility and moral hazard have no consequences.
It’s a tough call. And if this all sounds eerily familiar, then you’re right. In 2008 the US government faced the dilemma with what to do about Lehman Brothers, the nation’s fourth-biggest investment bank which found itself unable to pay debts totalling more than $US600 billion.
Now the Chinese government is facing a comparable situation with Chinese property and financial behemoth Evergrande.
Lehman Brothers, established in 1847, survived the US Civil War, the Great Depression and two world Wars. Then in the feverish bubble of risky bets on the US mortgage market in the 1980s, it got into deep trouble.
The halted under-construction Evergrande Cultural Tourism City in Taicang. Picture: Vivian Lin/AFP
The halted under-construction Evergrande Cultural Tourism City in Taicang. Picture: Vivian Lin/AFP
US Treasury Secretary Hank Paulson — a former senior Wall Street executive — was, by all accounts, offended that Lehman had so recklessly gotten into this position. Why not send a message that the US government wasn’t going to bail out big banks who behaved badly?
The answer, it turned out, is that letting Lehman fail ricocheted through the US and global economy.
When Lehman filed for Chapter 11 bankruptcy protection, it was facing the largest bankruptcy in history. Those to whom it owed money were immediately put under pressure. That put those to whom they owed money under pressure. Money markets almost completely froze up.
Even Goldman Sachs – Wall Street’s most venerable firm and basically on the good side of mortgage-market trades — was hammered. It took legendary investor Warren Buffett ploughing $US5 billion into the company to avoid a modern-day bank run.
People gather Evergrande’s headquarters in Shenzhen. Picture: Noel Celis/AFP
People gather Evergrande’s headquarters in Shenzhen. Picture: Noel Celis/AFP
China’s Lehman moment?
Unlike Lehman Brothers, Evergrande isn’t an investment bank. Ostensibly it is a real estate developer, responsible for building apartments across China. But it has morphed into more than that — a highly leveraged and integrated company that does everything from banking to property development to selling electric cars.
Like many things in China, the true state of affairs is all a little unclear, but one reading is that Evergrande is basically a hedge fund with a property and vehicle business attached.
The proximate cause of concern is Evergrande missing an $US83 million interest payment on September 23. The clock is running, in that is has 30 days to “cure the breach” and figure out a way to pay. Otherwise things, as the cool kids say, will “start getting real”.
For now disaster has been averted by Evergrande agreeing to sell off its stake in a local bank (Shengjing Bank) for nearly 10 billion yuan (about $US1.5 billion) to the state-owned Shenyang Shengjing Finance Investment Group.
But Evergrande has $US300 billion in debt, so there’s really no running away from the issue for the Chinese authorities. If there are more dodgy dealings on Evergrande’s books then that $US1.5 billion will simply be buying time.
If things are as rotten in the state of Evergrande as many observers seem to think, then the Chinese government is going to have to bail it out, or let it fail.
In a sense, the CCP may be feeling “we’re all Hank Paulsons now”.
China’s property bubble is at risk of bursting. Picture: Greg Baker/AFP
China’s property bubble is at risk of bursting. Picture: Greg Baker/AFP
China’s extra tools
That said, there is an intriguing — if somewhat troubling — option available to Chinese authorities.
They could bail out the company but punish its top brass with serious personal sanctions. To put it bluntly, they don’t have to be concerned with the niceties of due process in the same way the US government does.
The Chinese government can, if it wishes, prevent the reverberations throughout the economy that would flow from an Evergrande collapse, but deter moral hazard in the future. It can send a very clear message of consequence for executives who engage in reckless and potentially corrupt behaviour. Maybe incarceration for life. Maybe worse.
It’s an interesting, if rather grim, example of the Tinbergen Rule — named after Jan Tinbergen, the winner of the first Nobel prize for economics. This rule says for each policy challenge one requires an independent policy instrument. The US government had one. The Chinese regime has two.
A resident cycles through an Evergrande development in Wuhan. Picture: Getty Images
A resident cycles through an Evergrande development in Wuhan. Picture: Getty Images
This all raises bigger issues
Beyond this lie much bigger issues. How well have Chinese enterprises actually been performing? Up until now it looked like the answer was remarkably well. But is this all a mirage, sustained by the lack of transparency that shrouds all Chinese institutions?
It looks as if there may be two types of Chinese corporation: the ones that “make” things, which have been successful and still are, and the ones that “bank” things, which look disturbingly similar to their capitalist counterparts in the Western world when moral hazard and corruption are allowed to run rampant.
The shake-out of the coming years will reveal a lot about the economic bedrock of Chinese global power.
Evergrande execs face ‘fate worse than debt’
Collapse of China's Evergrande Group could hurt Australia's economy
A Chinese property behemoth is on the brink of total collapse,…
A large, financially interconnected company is on the verge of collapse, weighed down by massive debt.
The government ponders a bailout. There’s no easy answer. Doing nothing risks serious financial upheaval. But bailing it out will signal that greed, irresponsibility and moral hazard have no consequences.
It’s a tough call. And if this all sounds eerily familiar, then you’re right. In 2008 the US government faced the dilemma with what to do about Lehman Brothers, the nation’s fourth-biggest investment bank which found itself unable to pay debts totalling more than $US600 billion.
Now the Chinese government is facing a comparable situation with Chinese property and financial behemoth Evergrande.
Lehman Brothers, established in 1847, survived the US Civil War, the Great Depression and two world Wars. Then in the feverish bubble of risky bets on the US mortgage market in the 1980s, it got into deep trouble.
The halted under-construction Evergrande Cultural Tourism City in Taicang. Picture: Vivian Lin/AFP
The halted under-construction Evergrande Cultural Tourism City in Taicang. Picture: Vivian Lin/AFP
US Treasury Secretary Hank Paulson — a former senior Wall Street executive — was, by all accounts, offended that Lehman had so recklessly gotten into this position. Why not send a message that the US government wasn’t going to bail out big banks who behaved badly?
The answer, it turned out, is that letting Lehman fail ricocheted through the US and global economy.
When Lehman filed for Chapter 11 bankruptcy protection, it was facing the largest bankruptcy in history. Those to whom it owed money were immediately put under pressure. That put those to whom they owed money under pressure. Money markets almost completely froze up.
Even Goldman Sachs – Wall Street’s most venerable firm and basically on the good side of mortgage-market trades — was hammered. It took legendary investor Warren Buffett ploughing $US5 billion into the company to avoid a modern-day bank run.
People gather Evergrande’s headquarters in Shenzhen. Picture: Noel Celis/AFP
People gather Evergrande’s headquarters in Shenzhen. Picture: Noel Celis/AFP
China’s Lehman moment?
Unlike Lehman Brothers, Evergrande isn’t an investment bank. Ostensibly it is a real estate developer, responsible for building apartments across China. But it has morphed into more than that — a highly leveraged and integrated company that does everything from banking to property development to selling electric cars.
Like many things in China, the true state of affairs is all a little unclear, but one reading is that Evergrande is basically a hedge fund with a property and vehicle business attached.
The proximate cause of concern is Evergrande missing an $US83 million interest payment on September 23. The clock is running, in that is has 30 days to “cure the breach” and figure out a way to pay. Otherwise things, as the cool kids say, will “start getting real”.
For now disaster has been averted by Evergrande agreeing to sell off its stake in a local bank (Shengjing Bank) for nearly 10 billion yuan (about $US1.5 billion) to the state-owned Shenyang Shengjing Finance Investment Group.
But Evergrande has $US300 billion in debt, so there’s really no running away from the issue for the Chinese authorities. If there are more dodgy dealings on Evergrande’s books then that $US1.5 billion will simply be buying time.
If things are as rotten in the state of Evergrande as many observers seem to think, then the Chinese government is going to have to bail it out, or let it fail.
In a sense, the CCP may be feeling “we’re all Hank Paulsons now”.
China’s property bubble is at risk of bursting. Picture: Greg Baker/AFP
China’s property bubble is at risk of bursting. Picture: Greg Baker/AFP
China’s extra tools
That said, there is an intriguing — if somewhat troubling — option available to Chinese authorities.
They could bail out the company but punish its top brass with serious personal sanctions. To put it bluntly, they don’t have to be concerned with the niceties of due process in the same way the US government does.
The Chinese government can, if it wishes, prevent the reverberations throughout the economy that would flow from an Evergrande collapse, but deter moral hazard in the future. It can send a very clear message of consequence for executives who engage in reckless and potentially corrupt behaviour. Maybe incarceration for life. Maybe worse.
It’s an interesting, if rather grim, example of the Tinbergen Rule — named after Jan Tinbergen, the winner of the first Nobel prize for economics. This rule says for each policy challenge one requires an independent policy instrument. The US government had one. The Chinese regime has two.
A resident cycles through an Evergrande development in Wuhan. Picture: Getty Images
A resident cycles through an Evergrande development in Wuhan. Picture: Getty Images
This all raises bigger issues
Beyond this lie much bigger issues. How well have Chinese enterprises actually been performing? Up until now it looked like the answer was remarkably well. But is this all a mirage, sustained by the lack of transparency that shrouds all Chinese institutions?
It looks as if there may be two types of Chinese corporation: the ones that “make” things, which have been successful and still are, and the ones that “bank” things, which look disturbingly similar to their capitalist counterparts in the Western world when moral hazard and corruption are allowed to run rampant.
The shake-out of the coming years will reveal a lot about the economic bedrock of Chinese global power.
- Joined
- Sep 22, 2008
- Messages
- 76,193
- Points
- 113
You mean the rolexes are not made in Switzerland?It's true, notices from two of our six partner factories that supply us with watch parts. We assemble and supply watches like Rolex, Patek, Omega, Hublot, AP and other popular name brands.
Urgent notice : Due to the current power restriction in China, the production time will be a few days longer than usual, please kindly understand it. Thank you.
Please be noted : We have electric restriction and production is delayed for a few days longer. Sorry for delay.
- Joined
- Sep 22, 2008
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- 76,193
- Points
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And that is true. Before xi jinping, about this time, you cannot see anything due to heavy smog. Xinjinping clised down all those coal fueled boilers and heaters and forced everyone to be 8n the cold or use lng.
- Joined
- Aug 10, 2008
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- 103,097
- Points
- 113
Sinkie Chinese media is spouting CCP propaganda.... not even hiding it anymore.
This is from Mediacorp's Channel 8 official Youtube channel:
If you sincerely want to use FICA to prevent foreign interference... look no further, here it is.
This is from Mediacorp's Channel 8 official Youtube channel:
If you sincerely want to use FICA to prevent foreign interference... look no further, here it is.
- Joined
- Jul 25, 2008
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- 113
lights out in the streets at nighy on prc’s national day. lol!
- Joined
- Jan 2, 2013
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Sinkie Chinese media is spouting CCP propaganda.... not even hiding it anymore.
This is from Mediacorp's Channel 8 official Youtube channel:
If you sincerely want to use FICA to prevent foreign interference... look no further, here it is.
宾不厌诈… just agree to whatever the Yanks ask for now and get home… after that ask UArseA go fuck themselves… no need for any integrity to deal with a state that has no integrity
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