Trade Wars

Discussion in 'Markets & Economies' started by JulieW, Mar 23, 2018.

  1. alor

    alor Well-Known Member Silver Stacker

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    ENTERTAINMENTCHINAEURASIA
    China Cannot Let The Crimes Against Humanity Go Unpunished, Bombs USA, UK, And France
    "Xi became president last night!" China discovers humanitarian bombing [satire]

    totally edited

    [Der Postillon is Germany’s best newspaper, the nation’s answer to The Onion in the US]

    Retribution for violations of Syria in violation of international law: China bombs US, UK, and France
    Washington, London, Paris (dpo) – Beijing cannot let this behavior go unpunished: Following the unlawful reprisals by the US, Britain and France against Syria, the Chinese military bombed several military targets in the US, Britain and France. There were several injuries in the three countries.

    Chinese President Xi Jinping today justified the initially limited attack at a press conference: “Today’s precision bombing of radar stations, missile sites, and military airports in the three countries is all about showing that violent attacks on other states have consequences.”

    Xi Jinping continued, “This should also discourage other countries from playing world police without a UN mandate and international accord.”

    China’s foremost talking head exclaimed “Xi became president last night!”

    On the question of whether the large-scale retaliatory action is contrary to international law, the Chinese government did not want to comment. “We have had to act to prevent this lawless behavior from repeating, and we are also prepared to continue that response until the three governments end international sanctions against other states.”

    In total, Chinese warships fired more than 100 missiles. At the same time Chengdu J20 fighter jets penetrated into the respective air spaces and launched rockets that struck, for example, the British Royal Air Force military air base.

    Chancellor Angela Merkel, who had previously ruled out German involvement in the bombing of the US, Britain, and France, praised China for its determined commitment.

    However, the Peruvian government has meanwhile announced that it will now bomb selected military targets within China as a punishment for China’s unlawful punishment of the US, Britain, and France for the illegal punishing of Syria by the US, Britain and France for the alleged Syrian poison gas attack in Duma.
     

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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I just found out that China is getting all the good soya bean oil when we in Singapore are being poisoned with palm oil.
     
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    He thinks power arises from being in debt and from consuming. He literally has no idea that prosperity comes from building and producing things.
     
  4. alor

    alor Well-Known Member Silver Stacker

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  5. alor

    alor Well-Known Member Silver Stacker

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    deep suspicion that He is actually trying to take apart farm & farmers, land can be confiscated when farmers produce can no longer be sold
    he thought robing through tariff could get free out of jail ticket
     
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    If we are going to lose a war with China I'd rather it be an economic war.
    They dont even need nukes to defeat us. The American govt is doing the work for them.
     
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  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Hes huge on farm subsidies and the spending on that might increase as his new bail out program, straight from Obama's playbook.
    I have a buddy in Brewster Kansas that grows corn for ethanol in a subsidized govt program.
    He prays for crop failure every year because the govt pays him much more if he produces nothing.
    Straight from Drumphs playbook I guess.
     
  8. JulieW

    JulieW Well-Known Member Silver Stacker

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    I don't knowingly eat any produce from China. The pollution is beyond scary. Commonly readings are hundreds and thousands of times the "safe" levels for toxins such as lead and other heavy metals.

    Scientific American:

    BEIJING (Reuters) - A nationwide investigation has shown that as much as 16 percent of China's soil contains higher-than-permitted levels of pollution, the environment ministry said on Thursday.

    China is desperate to tackle the impact of rapid industrialization and urbanization on its food supplies, with the aim of maintaining self-sufficiency and reducing its dependence on grain imports amid soaring demand.

    The Ministry of Environmental Protection said in a notice posted on its website (www.mep.gov.cn) that its long-awaited soil survey involved samples taken across 6.3 million square kilometers (sq km) of land, two-thirds of the country's total.
    "The survey showed that it is hard to be optimistic about the state of soil nationwide," the ministry said.

    "Some regions are suffering from relatively heavy pollution, the quality of soil in planting areas is worrying, and the problem of waste from industry and mining also stands out."

    The ministry found that 82.8 percent of the contaminated samples contained toxic inorganic pollutants, including cadmium, mercury, arsenic, chromium and lead.

    It blamed agricultural production and other "human activities" for the contamination, which it said had been accumulated over the long term.


    The ministry said China is working on a series of measures to help resolve the problem of soil pollution and would also speed up the drafting of related legislation.

    China announced last week its first pilot project to treat heavy metal in soil in Hunan province, the site of a scandal last year involving the contamination of rice by cadmium.
    Seeing Chinese garlic on the shelves in Woolworths is infuriating!
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In Singapore, a quarter of grocery are from China and they are cheaper than produce than any country except maybe Vietnam and Indonesia. Recently, there is even organic fresh vegetables and cereals from China.
     
  10. alor

    alor Well-Known Member Silver Stacker

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    killing a lion, just put it on top of a tree, it will break the bones trying to go down
    killing an eagle, just use the eyes cover, the eagle will fly into the cliff and bits and pieces
     
  11. alor

    alor Well-Known Member Silver Stacker

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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    American farmers should focus on developing food markets outside of China. You'll be surprised if I tell you that in Singapore, we still consume toxic palm oil when everyone else in the developed world is using only canola, sunflower and soya bean. There's a huge 1 billion people market that can be tapped. There's a lot of money that can be made from distribution and branding, much more than selling the raw commodity itself.

    Proper food is one huge area that is under supplied in many parts of the world.
     
    Last edited: Aug 9, 2019
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  13. openeyes

    openeyes Well-Known Member Silver Stacker

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    An alien looking down would wonder if there is any intelligent life below. Their conclusion would not be very positive.
     
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  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Their experiment has failed.
    [​IMG]
     
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  15. alor

    alor Well-Known Member Silver Stacker

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    They practice Agri-Business, not Agriculture.
     
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  16. alor

    alor Well-Known Member Silver Stacker

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  17. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Third Chinese Bank in three months to be bailed out......A sign of bigger issues to come??



    https://www.bloomberg.com/news/arti...take-in-another-troubled-regional-bank-report

    China to Buy Stake in Another Troubled Regional Bank: Report
    Bloomberg News
    August 9, 2019, 11:55 AM GMT+10
    • Central Huijin to invest in Hengfeng Bank, local media says
    • Hengfeng will be the third bank rescue in recent months

    Central Huijin Investment Ltd., a unit of China’s sovereign wealth fund that owns stakes in a range of major financial institutions on behalf of the government, will buy into troubled regional lender Hengfeng Bank Co., according to local media.

    The report by 21st Century Business Herald didn’t give more details of the acquisition, or say where it got the information. If confirmed, it would be the third rescue of a regional lender engineered by authorities in less than three months. Hengfeng, based in China’s Shandong province, declined to immediately comment.

    China’s banking regulator said in June that the Shandong government was speeding up the restructuring of Hengfeng, a mid-sized bank that has failed to disclose its financial statements for two straight years. The lender had 1.2 trillion yuan ($170 billion) of assets at the end of 2016, according to its most recent annual report.

    Central Huijin’s move would underscore policy makers’ efforts to restore confidence in smaller lenders, a key source of credit to small and medium-sized companies. China surprised the market in May with a government takeover of Baoshang Bank Co. -- the first bank seizure in more than 20 years. Two months later, regulators took a different approach by having three state-owned financial heavyweights buy stakes in Bank of Jinzhou Co., whose Hong Kong-listed shares have been halted since April.

    China’s central bank, in its first review of the industry’s risks, said in November that about one in 10 of the nation’s roughly 4,000 banks received a “fail” rating. Four hundred and twenty firms, all rural financial institutions, were deemed “extremely risky,” and only two received a top rating.


    Jason Bedford, a UBS Group AG analyst who earlier flagged the problems at Baoshang, Jinzhou and Hengfeng, has said that China’s smaller banks face a potential capital shortfall of 2.4 trillion yuan. He’s estimated the size of assets “in distress” held by a broader universe of Chinese lenders at 9.2 trillion yuan -- about 4% of the commercial banking system and nearly 10% of gross domestic product.

    — With assistance by Jun Luo
     
  18. alor

    alor Well-Known Member Silver Stacker

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    wth
    US pushes back tariffs against China to December, removes some items from tariff list
     
  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    That explains why gold went off the 10 metre high board tonight.
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The tariffs themselves don't actually have much effect since China can devalue the yuan to counter some of the effects. It's the back and forth and uncertainty it creates that makes the yuan devaluation useless because you can't price and market your goods when you don't even know how much tax you need to pay when your goods arrive at the port 3 or 4 weeks later (assuming by sea freight). What will happen is that the importers will end up marking up their Chinese goods by a big margin to cover all possibilities.
     
    Last edited: Aug 13, 2019
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