This time, China is going to crash next month.

[555]

Think about it. China is now run by the most corrupted regime ever. Xi JP's brother-in-law can get you approvals for anything in China so long you can afford it. Perpetuality in leadership is to allow Vice-President Wang Qishan to takeover Xi JP if he is ever ousted. Wang's notorious team chased Li Kashing out of China and is taking over Anbang and HNA Group.

Chinese conglomerate HNA Group Co-Chairman Wang Jian died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photograph. ............................Wang told employees earlier this year that the company’s difficulties were the result of a “major conspiracy” against the ruling Communist Party and President Xi Jinping by foreign and domestic “reactionary forces”, according to an internally-distributed email.

https://www.reuters.com/article/us-...rance-after-falling-from-a-wall-idUSKBN1JU0SQ

 

[Ang4MohTrump]

China going stronger & stronger every month and everyday. Killed Ang Moh's influences globally and everywhere.

More and more wining more and more confident everyday.


China told Dotard he shot his own foot badly with Tariffs and pissed off the world, the pissed off world are moving along with China & 1B1R to fix USA with penalties and Tariffs.


There will be nothing left of Ang Moh and only China is left standing in no time.



Got video click:
http://www.xinhuanet.com/fortune/2018-07/05/c_1123084950.htm


商务部：美方征税是向全世界也是向自己开火
2018-07-05 17:05:02 来源： 新华网

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新华社北京7月5日电（记者于佳欣）商务部新闻发言人高峰5日表示，如果美方启动征税，实际上是对中国和各国企业、包括美资企业的征税。美国是在向全世界开火，也在向自己开火。
高峰在商务部当日召开的例行新闻发布会上表示，中国作为经济全球化和全球产业链的重要支持者和参与者，很多出口产品都是在华外资企业生产的产品。根据分析，美方公布的所谓340亿美元的征税产品清单中，有约200多亿美元，大概占比约59%是在华的外资企业生产的产品。其中，美国企业占有相当的比例。
“美方措施本质上打击的是全球产业链和价值链。简单来说，美国是在向全世界开火，也在向自己开火。”高峰说。
针对有媒体提问中美贸易战爆发，在华美资企业是否会成为打击目标，高峰回应说，在过去的几十年里，中国始终是全球外资最受欢迎的市场之一，不仅仅因为中国市场巨大，更是因为中国市场代表着稳定、理性、法治。所有在华企业的合法权益都将得到中国政府的保护。
“对于美方挑起的贸易战可能给企业带来的影响，我们将持续评估，并努力帮助企业缓解可能受到的冲击。”他说。

 

[winnipegjets]

China crash, USA blows up ...what a wonderful way to reconfigure the world.

 

[555]

China crash, USA blows up ...what a wonderful way to reconfigure the world.

Honestly, I think overall, both China and US will be fine.
They are the players, for every tariff, they can make it up with some form of protectionism in other industries.
Both countries will continue to grow in this trade war.

A friend gave me this illustration:
Eg. If China blocks US pork, US pork will then be sold cheaply in other parts of Asia, affecting the pig farmers in Australia and Asia.

So when US and China fights a trade war, regional countries die harder.

 

[greedy and cunning]

u ok or not ??
u started with this :

The timing is certainly right. There are a whole new set of issues that China need to worry about, right?

Think about it. China is now run by the most corrupted regime ever. Xi JP's brother-in-law can get you approvals for anything in China so long you can afford it. Perpetuality in leadership is to allow Vice-President Wang Qishan to takeover Xi JP if he is ever ousted. Wang's notorious team chased Li Kashing out of China and is taking over Anbang and HNA Group.

In recent years, Chinese municipals and State-owned enterprises are issuing as much debts as US annually while the US economy is almost double of China? Is China dealing with anything worse than the real trade war (Japan fought a 20-years trade war with US and sank many Japanese Prime Ministers), or rising global interest rates, and many more I don’t even need to list.

now u said chink should be ok and other countries are affected instead.

 

[555]

u ok or not ??
now u said chink should be ok and other countries are affected instead.

Yes, China will be affected, but it is likely that regional countries will be more affected than China.
eg. Korea, Taiwan, Singapore, Japan

In the latest developments, a small court in China approved injunction to stop US's semi-conductor company Micron from selling in China. Sounds crazy because Micron's former employee violated Non-compete Agreement but ended up being filed for patents violation. Not just US-made chips, Micron sells chips from other Asian countries to China, this is another example that regional countries get affected. https://www.channelnewsasia.com/new...-amid-us-trade-tensions--chip-battle-10496886

 

[hofmann]

Honestly, I think overall, both China and US will be fine.
They are the players, for every tariff, they can make it up with some form of protectionism in other industries.
Both countries will continue to grow in this trade war.

A friend gave me this illustration:
Eg. If China blocks US pork, US pork will then be sold cheaply in other parts of Asia, affecting the pig farmers in Australia and Asia.

So when US and China fights a trade war, regional countries die harder.

I think tariffs quite different from ban.

Tariffs will mean consumers pay more for USA pork in your example. They may or may not switch to cheaper alternatives if there is perceived value in more expensive USA pork.

In a trade war, consumers suffer not governments. Governments reap more revenue without adding any value to the economy while consumers get saddled with higher prices (inflationary pressures)

 

[hofmann]

I think tariffs quite different from ban.

Tariffs will mean consumers pay more for USA pork in your example. They may or may not switch to cheaper alternatives if there is perceived value in more expensive USA pork.

In a trade war, consumers suffer not governments. Governments reap more revenue without adding any value to the economy while consumers get saddled with higher prices (inflationary pressures)

Trump is a genuis. He's implemented huge corporate tax cuts without saying how he's going to fund it.

Looks like this trade war is a guise to hit amercian consumers with an indirect tax to fund his tax cuts.

It's not wise for China to get drawn into this trade war with Trump.

 

[555]

Trump is a genuis. He's implemented huge corporate tax cuts without saying how he's going to fund it.

Looks like this trade war is a guise to hit amercian consumers with an indirect tax to fund his tax cuts.

It's not wise for China to get drawn into this trade war with Trump.

I believe the next stage is for US to wage war with WTO a few months later.

 

[winnipegjets]

China should just make life difficult for Americans ...make Americans pariah in Asia. Treat Americans like dogs. Americans can retreat to their country.

 

[Hypocrite-The]

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All 13 of the Thai soccer team members have now been rescued from the cave
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China's impossible trinity threatens economic slowdown
BY BUSINESS REPORTER MICHAEL JANDA
UPDATED ABOUT 9 HOURS AGO
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Chinese workers unload a roll of tin plate at Baosteel plant on the outskirts of Shanghai.
PHOTO China plans to transition away from over-reliance on heavy industries.
SUPPLIED: REUTERS/CLARO CORTE
The Chinese Government faces a difficult dilemma — sacrifice some economic growth in the short term, or risk a debt-induced financial crisis down the track.

ANZ's chief China economist Raymond Yeung explains the problem.

"If President Xi Jinping truly prioritises reforms over growth, we must see more corporate defaults or foreign borrowing," he warned in a note.

"But if the Government does not want higher offshore US dollar debts, they must sacrifice some growth. They can't have all three."
He believes Chinese authorities will opt for lower debts, since China's foreign debt is already at a record high $US1.8 trillion.

Graph showing Chinese foreign debts at a record high.
PHOTO Chinese foreign debt is at a record high.

SUPPLIED: ANZ
Moreover, nearly two-thirds of this is short-term debt that will soon have to be refinanced in the face of rising US interest rates.

The combination of rising external liabilities and a weaker trade environment saw China post a rare current account deficit in the first quarter, its first since 2001.

But JP Morgan still rates China as one of the safer developing economies during the current period of US dollar appreciation that has unsettled many countries, notably Turkey and Argentina.

JP Morgan compares emerging markets to gauge vulnerability
PHOTO JP Morgan rates emerging markets based on their financial vulnerability.

SUPPLIED: JP MORGAN
China has also had an addiction to non-bank "shadow lending", which companies and local authorities have used to get around Beijing-imposed controls on borrowing.

However, those authorities are now cracking down on this backdoor lending channel.

Graph showing that Chinese shadow lending is in sharp decline.
PHOTO Chinese shadow lending is in sharp decline.

SUPPLIED: ANZ
Short-term pain for longer lasting gains
As unprofitable Chinese firms that have relied on injections of cheap debt from overseas or domestic shadow banks find these funding sources drying up, many will face default and collapse.

Mr Yeung says that, in turn, is likely to see China's economic growth rate slow further to 6.3 per cent per annum.

"While this will be the lowest since the GFC, China's GDP will still expand sequentially," he said.

The slowdown means Australian exporters can expect to face tougher times later this year, with Chinese authorities also cracking down on highly polluting industries such as steel production.

However, Mr Yeung believes this mild, short-term pain will yield longer-term gains.

"We believe that slowing GDP growth is not a risk; the temptation to pump-prime the economy is," he said.

"Market sentiment will be poor. But targeting growth over reform will be worse, in our view."
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