China
POSTED BY: THG
UPDATED: Friday, September 4, 2026 03:35
VIEWED: 34683
PAGE 36 of 53
Russia wants to topple dollar dominance, but it isn't even able to deliver oil to India with alternative currencies
Payment issues have delayed shipments of Russian Sokol crude oil to Indian Oil Corp.
India prefers rupee payments, but Russia is unwilling to use the currency.
And the Rosneft unit selling the oil hasn't been able to open a bank account in the UAE to accept dirham payments.
https://www.msn.com/en-us/money/markets/russia-wants-to-topple-dollar-
dominance-but-it-isn-t-even-able-to-deliver-oil-to-india-with-alternative-currencies/ar-AA1m54ew?ocid=msedgntp&pc=HCTS&cvid=b58613ee45b247f896c97cf9b20c4dd8&ei=40
Too funny aye comrade signym. I guess the dollar will live another day.
T
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India is notoriously corrupt when it comes to foreign companies. After China developed the cell phone mfgr infrastructure in India, India is trying to drive out companies like xiaomi and Huawei and take over their factories. Russia tried co-developing the then-PAK FA stealth jet, and India tried to steal the technology so Russia told them to piss off.
If India wants to continue making money by refining Russian oil and selling it to Europe, India is going to have to bend.
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
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Quote:
Originally posted by SIGNYM:
India is notoriously corrupt when it comes to foreign companies. After China developed the cell phone mfgr infrastructure in India, India is trying to drive out companies like xiaomi and Huawei and take over their factories. Russia tried co-developing the then-PAK FA stealth jet, and India tried to steal the technology so Russia told them to piss off.
If India wants to continue making money by refining Russian oil and selling it to Europe, India is going to have to bend.
- SIGNYM
Foreign investors have snatched back nearly 90% of the money they put into Chinese stocks this year
Foreign investors have pulled about $29 billion out of Chinese stocks this year, according to the Financial Times.
That means net foreign investment in China-listed shares this year has dropped 87%.
The exodus arrives as China's economy has been battered by a property crisis and slow growth post-COVID.
https://www.msn.com/en-us/money/markets/foreign-investors-have-snatche
d-back-nearly-90-of-the-money-they-put-into-chinese-stocks-this-year/ar-AA1m9LK1?ocid=msedgdhp&pc=HCTS&cvid=e651c221415d406f92f539883e413c4f&ei=82
How many ways do I have to explain it to you?
T
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Hey, you're posting to the "NOT a fan of China" club. I've posted over and over the many ways I think China has screwed up, and IMHO their biggest screwup is being cowardly, and their next biggest screwup is depending on the west for markets and investment and their third biggest screwup is being unable to take a loss now for gains in the future. There's a reason they're called "Jews of the east" for their sharp business practices.
So I'm perfectly happy to see China in the doghouse AFA the west is concerned. Maybe they'll develop some spine and not be such sniveling cowards. They're always going on about win- win but they haven't yet figured out that the western approach is zero-sum? That's just stupid.
But however they've screwed up their finances, their oil imports don't reflect an economy that's declining. So let's see what happens to their economy. I expect a slowdown in growth next year but not an outright contraction. Time will tell.
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
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China's share of the global economy is falling by the most since Mao Zedong, and the historic turn could 'reorder the world'
China's share of world GDP is on pace to shrink 1.4 percentage points over two years, Ruchir Sharma wrote in the Financial Times.
It's the largest decline since the 1960s and 1970s, when Mao Zedong oversaw a weak economy.
"In a historic turn, China's rise as an economic superpower is reversing," Sharma said.
https://www.msn.com/en-us/money/markets/china-s-share-of-the-global-ec
onomy-is-falling-by-the-most-since-mao-zedong-and-the-historic-turn-could-reorder-the-world/ar-AA1kpDoi?ocid=msedgntp&pc=HCTS&cvid=906bea666d5c4bdb85a441c7c5974c17&ei=20
T
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China is going under in a big way. You posted a
video that says they are not. You've been forced by my posts to
shift your opinion.
T
Quote:
Originally posted by SIGNYM: Friday, October 28, 2022 11:41 PM
SIGNYM
Here SIX, I thought you might find this interesting.
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Pity would be no more,
If we did not MAKE someone poor - William Blake
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And here is China, still trying to find places for all of that excess productive capacity.
The problem is, who is going to protect these cities from US attack? Iraq? Hardly.
Quote:
China & Iraq Begin Construction Of New City Near Baghdad
On Friday Iraq broke ground on 30,000 housing units near Baghdad, as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq, Bloomberg has reported.
The government of Prime Minister Mohammad Shia al-Sudani is seeking to build 250,000 to 300,000 housing units for poor and middle-class families. The new city on the outskirts of Baghdad will include universities, commercial centers, schools and health centers and should be completed in four to five years.
Aerial view of Baghdad, via Reuters
Contracts to build the housing units were awarded to East China Engineering Science and Technology Co., Ltd. and China National Chemical Engineering Co., Ltd along with their Iraqi partner Shams al-Binaa.
Contracts to build four more cities are expected to be awarded soon and another 10 will be announced next year, including in Karbala, Anbar, Nineveh and Babel governorates.
Chinese firms have increased their presence in Iraq in recent years, in part due to a deal between Baghdad and Beijing.
In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.
https://new.thecradle.co/articles/china-iraq-begin-construction-of-new
-city-near-baghdad
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
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China’s Massive Belt and Road Initiative
China’s colossal infrastructure investments may usher in a new era of trade and growth for economies in Asia and beyond. But skeptics worry that China is laying a debt trap for borrowing governments.
Summary
The Belt and Road Initiative is a massive China-led infrastructure project that aims to stretch around the globe.
Some analysts see the project as a disturbing expansion of Chinese power, and the United States has struggled to offer a competing vision.
The initiative has stoked opposition in some Belt and Road countries that have experienced debt crises.
China keeps trying but the more they do the worse it gets for them. The countries they sucker can't pay back the loans. Have you learned nothing comrade from what I've been posting?
Too funny...
T
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