China
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- shapesalad1
Jack Ma, the billionaire co-founder of Alibaba who disappeared from public life in 2020, has taken up a teaching role in Japan
https://www.businessinsider.nl/j…
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Any company in China is legally not owned by the owners, it's owned by the CCP and any moment in time, they can take it under their control if they think you are becoming to powerful.
Additionally if you invest in Chinese stocks while sitting in the USA etc... you are not buying directly shares, you are buying pieces of paper that are supposed to represent the companies stock 1:1. Again all at the whim of the CCP. All based on company reports that are not audited independently, numbers fudged.
So when Buffet says he's investing in Chinese stock... he might as well invest in Crypto dog coins.
- ADRs represents one or more shares of foreign stock or a fraction of a share.
Not necessarily 1:1, and it doesn't even has to be the exact company.sted - you miss the point sted, there are no "stocks" in China :)grafician
- @shape upvoting this, it's hilarious
"Ma will be conducting research and teaching about sustainable agriculture and food production."grafician - can they make money from theses "not stocks" tho? i think the whole point is to make money, instead of buying stocks.pango
- ADRs represents one or more shares of foreign stock or a fraction of a share.
- sted0
this is going to be fun for all
"China is considering banning the export of technologies used to produce high-performance rare earth magnets deployed in electric vehicles, wind turbine motors and other products, citing “national security” as a reason, it has been learned."
- I wonder what they're referring to, specifically? Certainly, it wouldn't take much to de-leverage their current hold over production of rare earthsNairn
- oke this will just move the market to another place.milfhunter
- Probably a response to the USA's attempt to ban advanced computer chips from being exported to China.yuekit
- Oh, it definitely is a response to US limitations, but WHAT are China threatening to limit here? What Tech do they have that everywhere else does not already?Nairn
- it isn't tech, its raw material.
more here:
https://japannews.yo…sted - in that case, they've over-played their hand. From your original post though, that doesn't sound like what they're limiting.Nairn
- "the export of technologies used to produce high-performance rare earth magnets", rather than the raw materials themselves.Nairn
- @sted Sweden will play part in the solution since they found a shitload of rare metals up in the north.milfhunter
- sted0
China has extended the olive branch to Western democracies and global capitalists alike, promising a new era of detente after the coercive “wolf warrior” diplomacy of the last five years.
Vice-premier Liu He, the economic plenipotentiary of Xi Jinping’s China, told a gathering of business leaders and ministers in Davos that China is back inside the tent and eager to restore the money-making bonhomie of the golden years.
“We must let the market play the fundamental role in the allocation of resources, and let the government play a better role. Some people say China will go for the planned economy. That’s by no means possible,” he said.
- lost too much money during covid?pango
- so they're admitting the dictatorship and hostile behaviour of the CCP/ Xi towards its citizens and the West/ Taiwan was not a good idea after all?NBQ00
- economic reasons?
or they are turning to the two-faced foreign politics, like rassa.sted - The writings on the wall. They’re graspingGnash
- shapesalad4
Please do not buy chinese stocks, or etf's / index funds that buy chinese stocks.
- utopian4
Protests erupt across China in unprecedented challenge to Xi Jinping’s zero-Covid policy.
Protests erupted across China on Saturday, including at universities and in Shanghai where hundreds chanted “Step down, Xi Jinping! Step down, Communist Party!” in an unprecedented show of defiance against the country’s stringent and increasingly costly zero-Covid policy.
- dbloc0
Chinese flying car test flight. It's basically a giant drone.
- lol at this shitutopian
- Surprised it could fly through the smogPhanLo
- Get out before killing the rotors... instantly decapitated.shapesalad
- Is it just me, or does that car seem to be hollow?shapesalad
- Especially the way it lands, there's no weight to it.shapesalad
- all my cars are hollow. it's where me and my friends sit and put our stuffimbecile
- nb1
My friend is an architect here in NYC. Medium/Large firm. On the weekend he told me “all our clients just stopped paying recently. Invoices were sent for a while and then they just told us ‘we aren’t paying’. I asked him why and he just shrugged.
Tens of millions of dollars, so not a remarkable amount of money but also not just one client. Many clients.
What do you think is going on here?
- Ugh typo. He said “all our clients in China”nb
- Err, 'tens of millions' can make or break even the healthiest of shops. Not sure I'd be so dismissive of the kind of lost income.Continuity
- *that kind ofContinuity
- Their entire real estate market collapsed what would you expectgrafician
- Yeah it’s lots of money to their firm, but not lots of money in the economynb
- grafician0
- I wonder if this is isolated to China or global.instrmntl
- In the EU for comparison: https://ec.europa.eu…grafician
- US: https://www.statista…grafician
- so in China is more or less around 3 times more
they're fuckedgrafician - more what? I can't see anything with 'show images' turned offshapesalad
- We should help the kids out by buying more iPhonesYakuZoku
- instrmntl1
This is worrisome:
China announces live-fire drills in 6 zones surrounding Taiwan
https://www.taiwannews.com.tw/en…
- yuekit1
I actually don't think China is 100% happy about this. While it might seem superficially similar to Taiwan, one difference is that China likes to think that their claim over Taiwan is backed by international law. Of course this is highly debatable but there is a case to be made with the "One China Policy" and many countries support them on this.
Putin is now carrying out a similar act but doing it in a totally reckless way, not even pretending to follow the law, being condemned by the United Nations etc. All the African countries that support China on Taiwan are against what Russia is doing.
So China is supporting Russia but not too enthusiastically. In fact they even said this:
“Sovereignty, independence and territorial integrity of any country should be respected and safeguarded, because this is a basic norm of international relations. Ukraine is no exception."
https://www.politico.eu/article/…
Another aspect is that if Putin succeeds in pacifying Ukraine fairly quickly then this might provide momentum for annexation of Taiwan. However if it turns into a disaster then what lesson will be drawn from this?
- Could the US and the west still defend Taiwan if it got sucked into a war in eastern Europe?Chimp
- It's difficult to say because no one knows exactly what the USA would do if China invades Taiwan. Clearly Taiwan is much more important than Ukraine,yuekit
- 21st largest economy in the world and #1 producer of semiconductors. Also US has obligation to help Taiwan resist invasion, which is not the case with Ukraine.yuekit
- But some think it will be logistically difficult for the USA to defend Taiwan, esp as China's military power increases. So it's a very complicated situationyuekit
- Diff there is that US is post Asian Pivot and, I believe, there are a lot more invested and pro-active actors locally versus the neutered and feeble EUNairn
- ie. How would Japan, S Korea, Indonesia or even India, etc, respond?Nairn
- Out of those countries Japan would be most threatened and most likely to act. There's a reason Japan is reviving their military.yuekit
- China's strategy will be to try to deny USA and other countries the ability to get anywhere near Taiwan once they have launched an invasion.yuekit
- Gardener0
just had this email from China/Mongolia
My name is Mrs. Patricia Chinua from Mongolia,
I know that this message might come to you as a surprise because we
don't know each other nor have we ever met before but accept it with
an open and positive mind. I have a Very important request that made
me to contact you; I was diagnosed with ovarian cancer disease which
doctors have confirmed and announced to me that i have just few days
to leave, Now that I’m ending the race like this, without any family
members and no child, I just came across your email contact from my
personal search.I’m a business woman from Mongolia dealing with gold exportation here
in the Republic of Burkina Faso. I have decided to hand over the sum
of ($10.5 Million Dollar) in my account to you for the help of
orphanage homes/the needy once in your location to fulfill my wish on
earth. But before handing over my data’s to you, kindly assure me that
you will take only 50% of the money and share the rest to orphanage
homes/the needy once in your country, Return to enable me forward to
you the bank contact details now that I have access to Internet in the
hospital to enable you contact the bank, always check your email
always remember me for doing good.Your early response will be appreciated.
Yours Faithfully,
Mrs.Patricia Chinua- seems legitGardener
- Does she have a brother who is a Nigerian prince?Chimp
- not sure mate, will get back to her and ask for youGardener
- China/Mongolia different country thopango
- She lives in a yurt right on the border._niko
- pretty sure china is very sensitive about their borders tho. also mongolia tried to join the USSR cuz that's how much they dont want to be close to china lolpango
- yuekit0
Seems relevant..."Tankies: Everything you didn't want to know about the people who think communist empires are awesome"
https://noahpinion.substack.com/…
Also a more detailed article on this topic by Hong Kong activist Vincent Wong
- wut...pango
- bruh... Hong Kong is pretty Chinese... did you know this?Khurram
- CONTEXT: Hong Kong was cleaved from China by the British imperial war machine.Khurram
- Um yeah bruh I'm also Chinese and my family is from Hong Kong :)yuekit
- As it turns out not all Chinese people think the same, not all of them support the current Chinese government.yuekit
- Nowadays it's less about being Chinese or British imperialism. It's more about people choosing their own government and future.pango
- Have you lived in HK? Over half the population hates China and their affect on HKb_d
- yuekit4
The CCP's chief theorist who is behind the policies of Xi Jinping and past leaders briefly lived in the USA and wrote a book analyzing and critiquing its system "America Against America"...now out of print and being sold for thousands of dollars online.
- PhanLo0
- movement is called tuidang, they try to cancel the cccccp since 2005 ishsted
- more like end america amirite loldoesnotexist
- Pango!!OBBTKN
- lol...it's the Falun Gong religious movement again. Amazing how widespread they are.
https://faluninfo.ne…yuekit - not exactly, but yeah these things are connectedsted
- ah sorry that article explains!
i was off with a year :Dsted - I would be surprised if it isn't ultimately funded by them. They are like an "alternative CCP" outside China and well-known for the direct mail tactic.yuekit
- PioneerDJ3033
iPhone 13 Pro Hacked: Chinese Hackers Suddenly Break iOS 15.0.2 Security
https://www.forbes.com/sites/dav…
- PioneerDJ3032
‘Mukbang’ videos are now illegal as China bans food waste