China

POSTED BY: THG
UPDATED: Friday, September 4, 2026 03:35
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THG

Sunday, January 7, 2024 11:16 PM

Quote:
Originally posted by SIGNYM:

Quote:
Everything Xi is doing today is eroding trust among Chinese and foreign entrepreneurs about what the rules of business are now inside China, while at the same time eroding trust abroad that China — having swallowed Hong Kong — won’t soon move on Taiwan, which could trigger a direct conflict with the U.S.

China doesn't need foreign entrepreneurs anymore, having built up its industry. What it needs are customers.

It doesn't want to create internal oligarchs either.

Hong Kong and Taiwan ARE PART OF CHINA, as much as New York city and Texas are part if the USA. Writing about China "swallowing" Hong Kong is like writing about the USA "swallowing NYC" and writing about China "moving on" Taiwan is like writing about the USA "moving on" Texas.

That first paragraph alone tell me that Friedman is either an IDIOT or a LIAR.

Australian sanctions on China began in 2018

Quote:
The scandal resulted in Australia initiating a foreign agent register and a ban on foreign political donations.[6]

In 2018, Australia banned Chinese telecommunications companies Huawei and ZTE from providing 5G technology for new networks, citing security concerns

https://en.m.wikipedia.org/wiki/Australia%E2%80%93China_trade_war

Trade relations certainly didn't improve with the signing of AUKUS in 2021, and Australia's agreement to essentially host American nuclear subs.

https://www.defense.gov/Spotlights/AUKUS/

SIGNYM

Unveiling the True Scale of Debt

China’s debt crisis continues to escalateLi Daokui’s assessment paints a worrying picture of economic health. By 2020, local authorities had amassed an estimated 90 trillion yuan ($12.6 trillion) in debt, predominantly spent on infrastructure projects unlikely to yield sufficient revenues for debt servicing. This alarming figure, representing 88% of China’s GDP, poses a significant challenge for national authorities. Without a major shift in economic policy, China risks following Japan into a period of prolonged economic stagnation.

The debt accumulated by China’s local governments is largely hidden behind complex financial arrangements, such as the financing of the vast rail transit loop in Chongqing. Li’s analysis reveals that a significant portion of this “capital” was, in reality, debt disguised under various financial instruments. This misrepresentation of financial health has masked the true extent of the debt crisis at the local level.

https://www.msn.com/en-us/money/markets/china-s-debt-crisis-continues-
to-escalate/ar-AA1mAdC5';

Comrade signym, read. Maybe you'll learn something.

T

SIGNYM

Sunday, January 7, 2024 11:25 PM

Yes, yes, I understand all that. I read about that years ago. "Local authorities" don't have the power to tax. All tax revenues go to the central government, which does NOT revenue share. So in order to raise funds ... which the local authorities can skim... local governments sell a crapton of bonds for infrastructural projects which are often overbuilt.

China has a debt problem, but it is an INTERNAL debt problem.

There is also the shadow banking system which extends loans at extortionate rates.

I don't know wby you keep harping on China. I'm not a big fan, I'm not defending China, and that video you love so much? The first thing the guy says is

CHINA IS NOT A THREAT TO US.

China's problems are China's problems, and their system couldn't be emulated here even if we wanted to bc it depends on Chinese culture.

So, what's your point?

-----------
"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

THG

Monday, January 8, 2024 2:01 AM

Quote:
Originally posted by SIGNYM:
Yes, yes, I understand all that. I read about that years ago. "Local authorities" don't have the power to tax. All tax revenues go to the central government, which does NOT revenue share. So in order to raise funds ... which the local authorities can skim... local governments sell a crapton of bonds for infrastructural projects which are often overbuilt.

China has a debt problem, but it is an INTERNAL debt problem.

There is also the shadow banking system which extends loans at extortionate rates.

I don't know wby you keep harping on China. I'm not a big fan, I'm not defending China, and that video you love so much? The first thing the guy says is

CHINA IS NOT A THREAT TO US.

China's problems are China's problems, and their system couldn't be emulated here even if we wanted to bc it depends on Chinese culture.

So, what's your point?

-----------
"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

My point is you are singing another tune now. You've had to up your game based on the fact that you got called out on your prior bullshit. Like the fact that you've known for years about the seriousness of China's dept. Had you, your previous posts would have reflected that.

China is going under and will stay that way for decades to come. Like Russia, aye comrade? Don't bet against the United States.

T

SIGNYM

Monday, January 8, 2024 3:39 AM

Quote:
Originally posted by SIGNYM:
Yes, yes, I understand all that. I read about that years ago. "Local authorities" don't have the power to tax. All tax revenues go to the central government, which does NOT revenue share. So in order to raise funds ... which the local authorities can skim... local governments sell a crapton of bonds for infrastructural projects which are often overbuilt.

China has a debt problem, but it is an INTERNAL debt problem.

There is also the shadow banking system which extends loans at extortionate rates.

I don't know wby you keep harping on China. I'm not a big fan, I'm not defending China, and that video you love so much? The first thing the guy says is

CHINA IS NOT A THREAT TO US.

China's problems are China's problems, and their system couldn't be emulated here even if we wanted to bc it depends on Chinese culture.

So, what's your point?

THUGR::My point is you are singing another tune now.

Oh, yeah?
Find that quote and link it.
You can't bc it's not there. I have NEVER been a fan of China.

Quote:
You've had to up your game blah blah blah....

China has made remarkable progress. It's lifted 800,000 people out of poverty in 10-15 years. It's also made some big mistakes.

Dood, stop looking at other nations. They're over there. We're over here. Focus on here, m'kay?

-----------
"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

SIGNYM

Monday, January 8, 2024 9:10 AM

A few years ago I watched a Chinese parade. It was mostly military,and I noticed that the soldiers were all the same height, they all had exactly the same stride and the exact same gun and arm angle.

And I thought "WTF good is THAT? How combat-ready does that make them?". If only their quality control was as good!

-----------
"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