Tariff War Intensifies, China Will Lose Its World Factory Status, Heading Into a Great Depression

[tobelightlight]

 

[Leongsam]

Haha damned Chinese now eating crow. Serves them fucking well right for being such dickheads for so long.

Cheats, liars and crooks the whole damned lot of them.

 

[Leongsam]

Here's how fucking dishonest, filthy and disgusting the chinks can be. It doesn't matter where they are in the world all they do is cause trouble and harm.

---

Chinese restaurant in Spain shut down after pigeons served as ‘roast duck’​

Daily Telegraph UK
10 Apr, 2025 09:29 AM3 mins to read

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Save
Current Time 0:14
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Duration 0:22

NOW PLAYING • Chinese restaurant shut down after pigeons served as 'roast duck'
Madrid police say the birds were taken off the street and killed in the kitchen. Video / Madrid Police

• A Madrid restaurant was shut down for serving street pigeons as “roast duck”.
• Police found plucked pigeons and illegal meat in a cockroach-infested secret room.
• The owner is being investigated for possible crimes against public health and wild species.

A Chinese restaurant in the Spanish capital city of Madrid has been shut down for serving street pigeons as “roast duck”.
Police raided the Jin Gu restaurant, in the city’s Usera district, late last month, finding a pair of plucked pigeons in a cockroach-infested secret storage room alongside bags of dubious-looking meat and sea creatures protected under Spanish law.
Officers said they believed the birds had been grabbed from the streets and killed in the restaurant kitchen, with the owner, who was arrested, intending to pass them off as the traditional Chinese delicacy.
“It is not illegal to breed pigeons in Spain, but there was no paperwork for these birds or almost any of the meat products in the kitchen, so we are pretty sure they were street pigeons,” a spokesman for Madrid’s local police told The Telegraph.

Police found meat and seafood in a hidden freezer. Photo / Madrid Police
While inspecting a filthy bathroom that was being used as a storeroom, police discovered a wall shelf that slid to one side to reveal a hidden door.
Behind it, they found a cockroach-infested room in which strips of defrosted animal flesh were drying on a plastic clothes horse.

Discover more​

• Racehorses of the sky: Inside the curious world of ...
• 'Genius' pigeon at supermarket food dispenser: Customer ...
• Why this hefty bird is making a backyard comeback
• 'Bloody filthy': Shopper disgusted by pigeons roosting ...

Eight rusted freezers without functioning thermometers were stuffed with bags of meat, fish and seafood that had apparently not been purchased through legal channels, including sea cucumbers that were possibly of a species banned from trade in Spain.
Sacks of bivalve molluscs were also found, which police believed came from Asian wetlands. On the floor were rat traps that had been set with putrid meat.
According to police, the secret store contained “more than a tonne of foodstuffs of untraceable origin”.

Meat was found hanging on drying racks. Photo / Madrid Police
The restaurant, which has been open for more than a decade, has received hundreds of online reviews, some of which were positive.
However, some customer experiences warned of unacceptably low standards, and “strange-tasting” duck.
“Terrible food, in a very bad state. The duck had a taste that was, at best, strange, [and] the kitchen had seemingly not been cleaned for months,” read a review posted in January.
Another said that several family members had been sick after a meal at Jin Gu and that he had contacted the restaurant to complain that it was serving “rotten food”.
The restaurant owner, who has not been named, is being investigated for possible crimes against public health and against wild species.

 

[tobelightlight]

 

[Leongsam]

Fuck China the worst country on earth!

 

[Hightech88]

PRC Chwee already...

https://www.reuters.com/markets/currencies/yuan-falls-2007-lows-us-tariffs-china-kick-2025-04-09/

Yuan falls to 2007 lows as US tariffs on China kick in​

By Reuters
April 9, 20255:59 PM GMT+8Updated 16 hours ago

• Summary
• Onshore yuan closes at lowest since 2007
• Offshore yuan bounces after sliding to record low overnight
• Chinese state banks selling dollars to stabilise markets

SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan ended at its weakest level in more than 17 years on Wednesday after its offshore counterpart fell to a record low overnight, as an escalating Sino-U.S. trade war rattled currency markets.

The onshore yuan finished the domestic trading session at 7.3498 per dollar, its weakest close since December 2007.

The declines come as a trade war between the world's two largest economies escalates. U.S. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods.

China's top leaders plan to meet as soon as Wednesday to hammer out measures to boost the economy and stabilise capital markets, people with knowledge of the matter said.
While despite the tariff pressure, China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the matter said on Wednesday.

"Unless they are rolled back, the latest U.S. tariff hikes mean that China's shipments to the U.S. will more than halve over the coming years, even assuming the renminbi weakens to 8 to the dollar," Capital Economics said in a note to clients.

"This will reduce China's GDP by somewhere between 1.0-1.5% depending on the extent of rerouting (exports through other countries). That's a larger hit than we had assumed but will probably be met with a further expansion in fiscal support."
The offshore yuan pared losses and climbed about 0.7% to 7.3769 yuan per dollar in Asian trade, after sinking more than 1% in the previous session and hitting its record low of 7.4288 overnight.

MARKET STABILISATION​

The People's Bank of China on Wednesday set the midpoint rate - around which the onshore yuan is allowed to trade in a 2% band - at 7.2066 per dollar, the lowest since September 11, 2023.
Based on the fixing level, the yuan is allowed to drop as far as 7.3507, a whisker stronger than the 7.3510 low struck in September 2023.
The fixing was 1,282 pips firmer than a Reuters estimate, suggesting the central bank is reluctant to see a drastic depreciation of the currency.

Chinese state-owned banks were busy selling dollars in the onshore spot market to slow the pace of yuan declines early on Wednesday morning, according to two people familiar with the matter.
Still, both the onshore and offshore yuan have fallen more than 1% so far this month, leaving them weaker since the start of the year, pressured by fears of the tariffs impact.
Trump on Tuesday accused China of manipulating its currency to offset the impact of tariffs.
A weaker yuan would make exports cheaper and alleviate some pressure on China's trade and the broader economy, but a sharp decline could fuel unwanted capital outflow pressure and risk financial stability, economists said.
-----------------------

 

[Leongsam]

PRC Chwee already...

https://www.reuters.com/markets/currencies/yuan-falls-2007-lows-us-tariffs-china-kick-2025-04-09/

Yuan falls to 2007 lows as US tariffs on China kick in​

By Reuters
April 9, 20255:59 PM GMT+8Updated 16 hours ago

• Summary
• Onshore yuan closes at lowest since 2007
• Offshore yuan bounces after sliding to record low overnight
• Chinese state banks selling dollars to stabilise markets

SINGAPORE/HONG KONG, April 9 (Reuters) - China's yuan ended at its weakest level in more than 17 years on Wednesday after its offshore counterpart fell to a record low overnight, as an escalating Sino-U.S. trade war rattled currency markets.

The onshore yuan finished the domestic trading session at 7.3498 per dollar, its weakest close since December 2007.

The declines come as a trade war between the world's two largest economies escalates. U.S. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods.

China's top leaders plan to meet as soon as Wednesday to hammer out measures to boost the economy and stabilise capital markets, people with knowledge of the matter said.
While despite the tariff pressure, China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the matter said on Wednesday.

"Unless they are rolled back, the latest U.S. tariff hikes mean that China's shipments to the U.S. will more than halve over the coming years, even assuming the renminbi weakens to 8 to the dollar," Capital Economics said in a note to clients.

"This will reduce China's GDP by somewhere between 1.0-1.5% depending on the extent of rerouting (exports through other countries). That's a larger hit than we had assumed but will probably be met with a further expansion in fiscal support."
The offshore yuan pared losses and climbed about 0.7% to 7.3769 yuan per dollar in Asian trade, after sinking more than 1% in the previous session and hitting its record low of 7.4288 overnight.

MARKET STABILISATION​

The People's Bank of China on Wednesday set the midpoint rate - around which the onshore yuan is allowed to trade in a 2% band - at 7.2066 per dollar, the lowest since September 11, 2023.
Based on the fixing level, the yuan is allowed to drop as far as 7.3507, a whisker stronger than the 7.3510 low struck in September 2023.
The fixing was 1,282 pips firmer than a Reuters estimate, suggesting the central bank is reluctant to see a drastic depreciation of the currency.

Chinese state-owned banks were busy selling dollars in the onshore spot market to slow the pace of yuan declines early on Wednesday morning, according to two people familiar with the matter.
Still, both the onshore and offshore yuan have fallen more than 1% so far this month, leaving them weaker since the start of the year, pressured by fears of the tariffs impact.
Trump on Tuesday accused China of manipulating its currency to offset the impact of tariffs.
A weaker yuan would make exports cheaper and alleviate some pressure on China's trade and the broader economy, but a sharp decline could fuel unwanted capital outflow pressure and risk financial stability, economists said.
-----------------------

China in its death throes... a joy to behold.

Well done Mr President you are the best!

 

[Hightech88]

SGD to China shot up. SGD is farking strong. Booking air tickets to sian China meimei nao!!!

 

[TanSong]

SGD to China shot up. SGD is farking strong. Booking air tickets to sian China meimei nao!!!

View attachment 217801

4 hands massage

 

[tobelightlight]

I know this a small thing but my cousin owns a small metal shop in Dallas and he makes gym equipment such as power racks, barbells etc. His orders have doubled since these cheap Chinese imports can no longer come into the US. So for him, it's a win win situation. This will be a great win for small businesses in the US. Small businesses can replace Chinese imports with higher quality and slightly higher prices on most consumer goods.

 

[jsctan]

Here's how fucking dishonest, filthy and disgusting the chinks can be. It doesn't matter where they are in the world all they do is cause trouble and harm.

---

Chinese restaurant in Spain shut down after pigeons served as ‘roast duck’​

Daily Telegraph UK
10 Apr, 2025 09:29 AM3 mins to read

---

Save
Current Time 0:14
/
Duration 0:22

NOW PLAYING • Chinese restaurant shut down after pigeons served as 'roast duck'
Madrid police say the birds were taken off the street and killed in the kitchen. Video / Madrid Police

• A Madrid restaurant was shut down for serving street pigeons as “roast duck”.
• Police found plucked pigeons and illegal meat in a cockroach-infested secret room.
• The owner is being investigated for possible crimes against public health and wild species.

A Chinese restaurant in the Spanish capital city of Madrid has been shut down for serving street pigeons as “roast duck”.
Police raided the Jin Gu restaurant, in the city’s Usera district, late last month, finding a pair of plucked pigeons in a cockroach-infested secret storage room alongside bags of dubious-looking meat and sea creatures protected under Spanish law.
Officers said they believed the birds had been grabbed from the streets and killed in the restaurant kitchen, with the owner, who was arrested, intending to pass them off as the traditional Chinese delicacy.
“It is not illegal to breed pigeons in Spain, but there was no paperwork for these birds or almost any of the meat products in the kitchen, so we are pretty sure they were street pigeons,” a spokesman for Madrid’s local police told The Telegraph.

Police found meat and seafood in a hidden freezer. Photo / Madrid Police
While inspecting a filthy bathroom that was being used as a storeroom, police discovered a wall shelf that slid to one side to reveal a hidden door.
Behind it, they found a cockroach-infested room in which strips of defrosted animal flesh were drying on a plastic clothes horse.

Discover more​

• Racehorses of the sky: Inside the curious world of ...
• 'Genius' pigeon at supermarket food dispenser: Customer ...
• Why this hefty bird is making a backyard comeback
• 'Bloody filthy': Shopper disgusted by pigeons roosting ...

Eight rusted freezers without functioning thermometers were stuffed with bags of meat, fish and seafood that had apparently not been purchased through legal channels, including sea cucumbers that were possibly of a species banned from trade in Spain.
Sacks of bivalve molluscs were also found, which police believed came from Asian wetlands. On the floor were rat traps that had been set with putrid meat.
According to police, the secret store contained “more than a tonne of foodstuffs of untraceable origin”.

Meat was found hanging on drying racks. Photo / Madrid Police
The restaurant, which has been open for more than a decade, has received hundreds of online reviews, some of which were positive.
However, some customer experiences warned of unacceptably low standards, and “strange-tasting” duck.
“Terrible food, in a very bad state. The duck had a taste that was, at best, strange, [and] the kitchen had seemingly not been cleaned for months,” read a review posted in January.
Another said that several family members had been sick after a meal at Jin Gu and that he had contacted the restaurant to complain that it was serving “rotten food”.
The restaurant owner, who has not been named, is being investigated for possible crimes against public health and against wild species.

Many thinks cheap is good....
Our local food stall with good ethnics also one by one closing with their invasion starting cow car water area. But sinkies turn blind eyes.

 

[Leongsam]

What will still be in demand is Chinese whores and their hairy pussies.

 

[tobelightlight]

What will still be in demand is Chinese whores and their hairy pussies.

View attachment 217805

Any tariffs that comes with it?

 

[ftan42]

China's highly efficient "one-chain" production model is achieved through strategic industrial policy, infrastructure investment, and global trade integration. This model is supported by key initiatives such as Special Economic Zones, the "Whole Industry Chain" policy, and the development of mega-factories and high-speed rail networks.

 

[laksaboy]

China's highly efficient "one-chain" production model is achieved through strategic industrial policy, infrastructure investment, and global trade integration. This model is supported by key initiatives such as Special Economic Zones, the "Whole Industry Chain" policy, and the development of mega-factories and high-speed rail networks.

It's still a communist country, a centrally planned economy and a regime doesn't keep promises or obey rules. Time to eradicate it.

 

[k1976]

It will lead to a multi polar world with stagflation as a most likely outcome due to over capacity that created by end of Global Supply Chain models that has powered the world economy since 1990s til 2025

 

[myfoot123]

Fuck China the worst country on earth!

You love India then?

 

[syed putra]

My China crumbling. Must go and help before it turns into a gaza.

 

[tobelightlight]

China's highly efficient "one-chain" production model is achieved through strategic industrial policy, infrastructure investment, and global trade integration. This model is supported by key initiatives such as Special Economic Zones, the "Whole Industry Chain" policy, and the development of mega-factories and high-speed rail networks.

However, their foundation is copying,stealing technology and by being cheap. Their economic zone is built based on such foundation and it will not last. Real prosperity comes from integrity, creativity and real work.