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China the monster.
early birds
post Posted: Yesterday, 07:58 PM
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In Reply To: nipper's post @ Yesterday, 06:30 PM

it was more than a week old story. that sagga head took a lot of young kids life.
to me ....no matter what reason is, you are never harm the kids. sadsmiley02.gif

saw flooding everywhere and seems really affecting peoples daily life there.



 
nipper
post Posted: Yesterday, 06:30 PM
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Sadly, am I not surprised. Disempower a person one way and a reaction may occur

QUOTE
Investigators have concluded a bus crash that killed 21 people in southern China was caused by the driver, who was unhappy his home was to be demolished, police said Sunday.

The driver, who died in Tuesday's crash, intentionally targeted his passengers by driving across six lanes of traffic and into a lake, the police department of the city of Anshun said on its social media account.

https://www.ctvnews.ca/world/chinese-police...ed-21-1.5020883



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 13 2020, 09:57 AM
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In Reply To: early birds's post @ Jul 13 2020, 09:41 AM

been reading lots of stories about Chinese workers recalled from lockdown, back to the factories, only to be stood down again. They are finding there is no work as contracts had been cancelled as the rest of the world seized up.

Markets hate uncertainty. (workers are expendable)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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early birds
post Posted: Jul 13 2020, 09:41 AM
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https://www.sharecafe.com.au/2020/07/13/chi...key-gdp-number/

Ahead of key trade and GDP data this week, we saw a small rise in car sales in June for the second month in a row, moderate consumer inflation, strong bank lending, and producer price deflation, although at a slightly easier level.

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Sales by Chinese brands fell 11.6% in June from a year ago to 590,000 units. Their market share shrank 5 percentage points from the same time a year ago to 33.5%.

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seems which date that compare to is the key....and China economy still in bad shape compare to last year. that is what i'm thinking, if everyone else doing badly around world how China gonna doing good?? unsure.gif

net sure how market gonna reacting when their GDP figure come out!! unsure.gif




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nipper
post Posted: Jul 9 2020, 10:43 AM
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In Reply To: mullokintyre's post @ Jul 9 2020, 10:05 AM

there will be downstream flooding, for sure.

But there seems to be floods every year in Southern China, about this year. Monsoon moving north.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jul 9 2020, 10:05 AM
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China the Monster, also has a monster Dam, the Three Gorges Dam.
Over the past few weeks, there has been steady rain upstream.
From American Thinker

Then on Sunday and Monday, the catchment area had 16.8 inches of rain!
The 3GD plus all the other dams upstream have been letting water flow over barages at rates unheard of.
The inflow is running at 40 acre feet per second! Unimaginable amount of water!
As if the poor buggers in Wuhan haven't suffered enough, its right in the path of the floodwaters.
So far about 1.2 million people have been affected by the massive floodwaters.
But the worst may yet be to come.
The 3GD is so large, that the weight of water may be having seismological effects as the crust undeneath it is compressed. (Geodynamic journal)
And as if things couldn't get any worse, the China Meteorological Administration suggests there will be an 80percent risk of thunderstorms for the next 11 days.
If the 3DG fails, it will be a human disaster that will make COVID seem like a pimple on me bum.
Mick




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nipper
post Posted: Jul 1 2020, 08:09 PM
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This is a ripper.... all that glisters may well be Copper. Especially when the PLA is involved.

https://smallcaps.com.au/china-counterfeit-...ake-bars-loans/

Fraud,... perhaps $4bill. ? Nasdaq pseudo legitimacy. Crony socialism with capitalist characteristic (and just a hint of standover heavying)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
early birds
post Posted: Jul 1 2020, 02:56 PM
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In Reply To: nipper's post @ Jul 1 2020, 02:22 PM

china still rely on export [over 30%] their GDP??
if world economy is in deep shit, how they can do better???

i guess everyone is in the dirty hole atm. sadsmiley02.gif





 
nipper
post Posted: Jul 1 2020, 02:22 PM
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China’s economy seems to be getting healthier with the official June surveys of manufacturing and services (known as PMIs) both showing rises to new multi-month highs.

QUOTE
Both surveys come from the National Bureau of Statistics and the one most watched covers manufacturing where the purchasing managers index edged up to 50.9 in June from 50.6 in May.

China’s non-manufacturing PMI rose to a seven-month high of 54.4 in June from 53.6 in May, the statistics bureau said.

The reading for the manufacturing PMI was the highest in three months and the index has now remained above the 50 mark for four straight months. (a reading of 50 separates expansion – above – from contraction – below).

The production subindex rose to 53.9 in June from 53.2 in May. The overall-new-orders subindex rose to 51.4, from 50.9 in May, a sign of improving manufacturing market demand.

While new-export-orders subindex, a gauge of external demand for Chinese goods, climbed to 42.6 in June from 35.3 in May, it is still deep in contraction territory, underlining the chief problem about the performance of the Chinese economy – weak external demand from major export destinations such as Japan, the US, and the eurozone.

The subindex measuring imports rose to 47.0 from 45.3 in May. That is still in mild contraction and the trade data for June later this month should confirm that imports remain weak, but are improving – especially commodities such as oil, copper and iron ore.






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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
rlane
post Posted: Jun 24 2020, 03:21 PM
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QUOTE
Is China preparing to issue a gold-backed currency? Only time will tell, but there have been plenty of rumblings since 2008 of China pushing a gold-backed yuan.

If more companies continue to be gobbled up by Chinese mining companies, there certainly seems that something strategic is going on behind the scenes.



https://www.zerohedge.com/commodities/chine...-gold-companies


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