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Showing content with the highest reputation on 08/12/2019 in all areas

  1. 5 points
  2. 2 points
    i alrdy said last yr that us will be less impacted by than the tiongs but still have a kgk or 2 want to challenge my economic modeling. but i never expected the tiongs to be this badly impacted to the core of the PROC while the americans r only tickled on the skin.
  3. 1 point
    Fff has opened officially and launched ! Free can go there ssrr
  4. 1 point
    China is in a weaker position economically because of President Trump's tariffs which the Chinese are ultimately paying for, Gordon Chang, an expert on the Asian powerhouse, said. "President Trump has not been deterred and we saw that with this announcement of the last set of tariffs that's going to go on $300 billion worth of goods ... the markets didn't like it but nonetheless, this is something that had to be done," Chang said during Thursday's "Hemmer Time" podcast. "I think you can say the U.S. is winning because the Chinese are now doing things which smell desperate," he added before noting how China depreciated its currency. By devaluing their currency, Chang argued, the Chinese made their products cheaper for U.S. consumers. "So, effectively they're bearing President Trump's additional tariffs. So, when Trump says the American consumer is not going to pay, he's correct on that," Chang said. Through Trump's tariffs, China has started losing its status as the world's factory floor as currency depreciation has forced companies to take their factories out of the communist nation, Chang said. Chang's comments offered a markedly different take on the trade war with China as many pundits worried that the president's tariffs would act as a tax on American consumers. But according to Chang, the president had to act after "years" of Chinese trade behavior "markedly" deteriorating. "It's not honoring the obligations that it has not only to the United States but to the rest of the international community," Chang told Fox News host Bill Hemmer. "[Chinese president] Xi Jinping believes in a state-dominated economy where there's very little room for foreigners ... he actually believes in a semi-Maoist model ... so Xi Jinping is driving events not us." TRUMP ACCUSES CHINA OF 'CURRENCY MANIPULATION' Chang also pushed back on the idea that trade deficits weren't as big of a deal as Trump was making them out to be. He added that China was using proceeds from the trade deficit to build up their military while senior Chinese officers openly talked about killing Americans. "We've got to understand that this is not just an economic or a trade matter -- this is a matter that involves the safety of Americans and indeed the sovereignty of the United States," Chang said. He added that Trump confounded Chinese leadership because he was so unpredictable -- creating a situation where the Chinese would likely try to help Democrats beat him in the 2020 election. Although China's economy was in a "perilous" state, according to Chang, he warned that they ultimatley posed a greater threat to the Soviet Union did during the Cold War. He added that Americans needed to "stand behind" Trump as the U.S. faced an existential threat from its competitor in Asia. https://www.foxnews.com/media/gordon-chang-trump-tariffs-china
  5. 1 point
    one doctor take MC can affect revenue this type better avoid
  6. 1 point
    A crisis of confidence has gripped China’s regional lenders, as Beijing moved to nationalize its third major financial institution since May. Hengfeng Bank Co., a regional lender based in Shandong Province, received official approval for restructuring by taking a lifeline from an entity affiliated with the Shandong provincial government, as well as Central Huijin Investment Ltd., according to a report by Chinese financial magazine Caixin on Aug. 10. Central Huijin Investment is a subsidiary of China’s sovereign wealth fund China Investment Corp., and will take a stake of less than 20 percent, the magazine said. Established in 2003, Central Huijin’s mission is to invest in major state-owned financial enterprises on behalf of the state, according to its website. Hengfeng’s bailout is the third nationalization of a bank since May, and the biggest in size. The first occurred on May 24, when Inner Mongolia-based Baoshang Bank was nationalized and put under the management of China Construction Bank. Baoshang’s bailout was the first of its kind in 20 years. Only two months later, the Bank of Jinzhou in Liaoning Province was bailed out by a consortium of the Industrial and Commercial Bank of China and two of China’s biggest state distressed-asset managers. Troubled Lenders Until recently, nationalization of banks has been rare in China, which underscores rising concerns among regulators regarding indebted smaller lenders, especially as the country’s domestic economy slows. The People’s Bank of China late last year conducted a risk review of the country’s banks and determined that one in 10 lenders had failed its test. And regulators are taking no chances in seeking to avoid a domestic financial crisis. The continuing trade war and slackening international economic growth have slowed China’s economic growth and the financial health of its businesses, resulting in a reduced ability to service debts and leading to more small-scale defaults. These souring business loans are especially destructive to the capital buffer at China’s regional and local banks. Hengfeng Bank had also failed to disclose its financial reports for two consecutive years, including 2018. In the most recent period disclosed, Hengfeng Bank had 1.2 trillion yuan ($170 billion) in total assets at the end of 2016, according to its annual report. The bank’s bailout has also affected overseas investors. United Overseas Bank Ltd., a Singaporean multinational lender, had bought 13 percent ownership in Hengfeng in 2008. It’s unclear how United’s stake was treated in the bank’s restructuring. There’s another layer to Hengfeng Bank’s bailout. The bank is no stranger to controversy—two of its top former executives have come under investigation for alleged embezzlement. Jiang Xiyun, who served as chairman of Hengfeng Bank from 2008 to 2013, was charged with embezzling 750 million yuan ($106 million) worth of the bank’s stock. Cai Guohua, Jiang’s successor at the bank’s helm, fared no better. Cai himself came under investigation later for embezzlement. In addition, Hengfeng is the second Chinese bank bailout—Baoshang is the other—linked to billionaire Xiao Jianhua’s Tomorrow Group, which holds stakes in hundreds of Chinese banks and financial institutions. Xiao—who was taken into custody in Beijing in 2017—is known to handle financial transactions for Chinese Communist Party elites and their kin. Xiao was wanted by the Xi Jinping regime to assist in its investigation into corruption of high-ranking officials, especially those linked to former CCP regime leader Jiang Zemin, according to an earlier Epoch Times report. ‘Systemic Risk’ More Chinese bank failures lie ahead. At the end of March, the amount of non-performing loans (NPL) at China’s commercial banks reached 16-year highs. NPLs amounted to 2.16 trillion yuan ($306 billion), or 1.8 percent, according to official statistics released by the China Banking and Insurance Regulatory Commission. China’s real NPL figures, according to most experts, are likely orders of magnitude higher than the official metrics. Despite that backdrop, Chinese authorities are pushing banks to ramp up their lending to small and medium-sized businesses to help combat slowing economic growth. In addition, regulators have drafted legislation to reduce loopholes for banks to hide their non-performing loans. One example is to force banks to mark all loans more than 90 days overdue as NPLs, regardless of the underlying collateral quality. All of this means that banks will be forced to disclose their real health and liquidity issues, accelerating any necessary government bailouts before wide systemic problems emerge. “Absolutely, there is systemic risk,” Alicia García Herrero, the Asia-Pacific chief economist for French investment bank Natixis, told the Financial Times on Aug. 9. “Do you know how many banks have connected interbank lending with Hengfeng? The point is that other lenders know there is systemic risk and do not want to lend to them.” https://www.theepochtimes.com/beijing-nationalizes-third-bank-in-3-months_3036953.html
  7. 1 point
    alot of foreign banks with 19.9% holding of a local tiong bank will be hit over the next few mths if tiongland economy remains weak.
  8. 1 point
    support doge cryptocurrency click here to see doge price https://www.coingecko.com/en/coins/dogecoin QUICK STATS Dogecoin Price $0.00287988 Market Cap $347,214,991 Market Cap Dominance 0.12% Trading Volume $49,194,375 Volume / Market Cap 0.1414 24h Low / 24h High $0.00284589 / $0.00290786 7d Low / 7d High $0.00285696 / $0.00303121 Market Cap Rank #31 All-Time High $0.01758609 Since All-Time High- 83.7% All-Time High DateJan 07, 2018 (over 1 year) Dogecoin/Bitcoin Ratio1 BTC = 3955401.15 DOGE
  9. 1 point
    china bank are failing. heng i close my account already . i think SSB better in these trouble time
  10. 1 point
    not bad, cause meat is a bit more tender and not chewy
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  12. 1 point
    are they building multi million bin centre as well ?
  13. 1 point
    this kgk gordon chang has been predicting china crash since 20 yrs back he only got slapped in the face
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    the legitimacy of the CCP is built on the party toppling the corrupted KMT to build a new China. after the cultural revolution and tiananmen 89, the legitimacy of the CCP is being built on delivering the social contract of prosperity. however, with the deteriorating domestic economic situation and the seemingly endless corruption in the CCP apparatus, the legitimacy of the CCP is now under question. so now can only play up the nationalistic card.
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  18. 1 point
    Go there buy herb and real honey from honey farm
  19. 1 point
    Lampar one of the early favourites for the sack..
  20. 1 point
    VAR makes historic decisions in Man City win Premier League history was created in Manchester City’s 5-0 victory over West Ham United when the first goal to be overturned by Video Assistant Referee (VAR) took place. Referee Mike Dean had awarded a 53rd-minute goal after Raheem Sterling had run on to David Silva’s flick before putting the ball in the net. But, following the introduction of VAR this season, David Coote, the VAR in Stockley Park, deemed Sterling to be offside when he received the ball. Although the margin of offside was very fine, the technology proved that a part of Sterling’s body, that is not his arms, was just offside. So Dean overturned the goal and awarded a free-kick to West Ham where the infringement took place. Decisions such as offside are not subjective and are not part of the "clear and obvious" error element of VAR that was introduced in the Premier League this season. Sterling was disappointed to have the goal ruled out but did not complain. “It’s difficult during the game, but at the end of the day if the decision is right that's all that matters," he said. Coincidentally, Sterling put the ball in the net 22 minutes later and again it was touch and go as to whether he was onside before scoring, but this time he was just the right side of the defender and the goal was allowed to stand after the VAR's check. Coote was again called into action after Sergio Aguero’s penalty kick was saved. He spotted that West Ham’s Declan Rice, who was the first to reach the rebound from Lukasz Fabianski’s save, had clearly encroached the penalty area before Aguero had kicked the ball. Under the Premier League's VAR protocol, the VAR can intervene for encroachment by players that has a direct impact on the outcome of the kick. Because Rice's encroachment fulfilled this criteria, the VAR recommended to Dean to have the penalty retaken and the City striker did not pass up the second chance, making it 4-0.
  21. 1 point
  22. 1 point
    Since aud is cheap, might take the opportunity for a holiday
  23. 1 point
    think jimmy have to run road to uk liao
  24. 1 point
    Looks like there is a tussle at the top. Xi is useless. time for him to repent in a gulag
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  26. 1 point
    so did u pray to the pgd hard enough for sai juice to flow out for u to lim, kgk xdd???
  27. 1 point
    Abit too hard to believe... Normally director level is sit in ops room coordinate... Even Ethan hunt oso hard to believe cos after saving the world so many times he should be IMF secretary Liao... His yearly KPI sure promotion grade... But after so many years still field ops team lead...
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  29. 0 points
    this summer terok europe hit 40 degrees chennai run out of water typhoons weekly hitting taiwan and china becoming a norm
  30. 0 points
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