China manages property markets to stop speculation

Scott Bessent is still flogging a dead horse, proclaiming that China cannot survive without the USA and China could collapse without going to kiss Trump's arse. Did China collapsed after the fall of Evergrande and the Chinese property market as a whole, mirroring the collapse of the USA housing market in 2008 that needed a massive bailout by the USA Government?

I want to talk further about China's property market collapse because I did read a report about foreign investors waiting on the sidelines for a bailout by the Chinese Government after their buying in right after the property market collapsed, hoping to cash in. It was not to happen, and they were burnt badly by the Chinese Government's refusal to bail out property developers. Instead, the Chinese Government was prepared to let property developers bite the dust. Nothing is too big to fail in the eyes of the Chinese Government. The Chinese Government was then navigating into supporting the other growth sectors like EVs, chips, aviation and shipbuilding sectors, on top of encouraging domestic spending with all the subsidies and funding trotted out.

Help was never going into the property sector, and any bailout for that sector would encourage more speculation. As Xi told the people, homes are for living in, not for speculative purposes. The Chinese have learnt valuable lessons from Japan and the USA. Investors from USA and the West were burnt so badly, they are livid and hated the CCP.

There has been so much talk about funds moving out of China, together with Western companies moving investments out of China after the collapse of the property sector in China. That has now basically been reversed by Trump with his tariff war. Foreign investors know they cannot do without the Chinese market, even with the property market now a hot potato for them to hold on to.


Anonymous

China just let Trump, and his sycophants make all the noises and hypes of success

As they say silence is golden. China knows that frivolous claims on the media is not going to do much good, going up against the biggest propaganda machine in the world. China just let Trump, and his sycophants make all the noises and hype up all the claims of success. The whole world knows that they can only believe the final word from Xi, not the propaganda espoused by the MSM and the Trump administration.

Chinese leaders do not basically like to shout their mouths off and be seen as just megaphones blasting loudly inside an echo chamber. Chinese leaders and their spokespersons have always been seen to be truthful, calm, careful with their words and avoiding boastful chest beating. They always try to avoid having to walk back on what they said, a shame they do not take lightly.

Asians generally wants to avoid shame: a trait not lost on those who takes the trouble to study Asian characteristics throughout history. The Japanese, in the past, even equate shame as something worse than dying, and some have chosen 'hara kiri' or self-immolation, as a way out of their shame. Compare that with USA leaders shaming themselves every day with atrocious and frivolous outburst, thinking that as a way to boost their ego. How sad.


Anonymous

American terrorists and bullies reliable partners?

Unreliable China? So, in Scott Bessent's sick and delusional mind the USA is reliable? How reliable is the USA today, now shafting tariffs down the throats of every country in the world, including the penguins, seals and polar bears. What trade deficits have these animals created for the USA that needed to have reciprocal tariffs erected against them is truly mind-boggling.

Again, the USA is blaming China for its trade policy and overcapacity for its economic rise. Why is it wrong for China to tailor its policies to grow and improve the lives of its citizens? Is progress a prerogative for and just reserved for the Anglo-Saxon White countries like the USA. The USA and the West can no longer compete economically against China and is resorting to hogwash arguments like overcapacity to destroy China. Did China blamed the USA for its trade and economic policies in the past, pretending that the Chinese would only be suitable and be content only to be just doing cooking and washing clothes, while they enjoyed the prestige of being the land of dreams, overwhelming every country to grow and become the biggest economy of the world? Did not the USA destroyed Japan's economy in the process, and coerced Germany to comply, so that it can remain the virtual economic superpower? Now, they are afraid of China doing the same to them. If only the doggies and sycophants, like Japan and Germany just wake up.

I think it is right to say that the trade deficit of the USA is purely self-inflicted. Banning sales of high-end chips to China, as a perfect example, does not help to reduce the USA's deficit. I do not believe that China is stopping USA exports into China. The real reason is that they are not competitive enough. Other than goods that the Chinese can buy much cheaper from China's own manufacturers, there is no limit to USA companies doing business in China, like Apple, Tesla, Micron, Qualcomm and Intel, besides food and beverage giants like McDonalds, Starbucks and others with thousands of outlets throughout China. These companies are making billions inside China, outside of the calculation of the USA deficit. If they cannot compete, just too bad and the USA cannot force Chinese competitors to increase prices to allow them to compete successfully in the Chinese market. Globalization is about making things cheaper based on comparative advantage and not on artificial policies to allow the rich cronies, campaign donors and sycophants to make obscene profits at the expense of consumers as in the USA itself.


Anonymous

Israel's attack on Iran was made in Heaven

 I cannot believe my eyes seeing all the information of the Israeli attacks on Iran. 200 Israeli aircraft were involved and flew 5 waves of attack all over Iran and returned home safely. Apparently all the Iranian military forces were either sleeping or have switched off all their early warning systems, their radars, and no one was monitoring the air space despite all the signs of an attack by the Israelis all over the news.

Can this be real? The two countries were at the verge of a war and Iran did not seem to be on any state of alert or defensive postures. Or they were under a divine spell, and all were in a daze and unable to react or retaliate. The Israeli aircraft flew all over Iran unchallenged, untouched, not intercepted, no ground fire or missiles firing at them. Not a single Israeli aircraft was shot down, not a single air defence unit was alerted and active to try to engage the attacking waves of Israeli aircraft dropping more than 300 bombs and successfully killing the head of IRGC, nuclear scientists and generals. Can this be real? Yes, it is all real. Iran already confirmed the casualties.

And Iran is still talking about going to war with Israel. Iran still has not declared war on Israel after such a massive attack and with its nuclear facilities destroyed! What were the Iranian military strategists and planners been doing all this while? They never expect Israel to attack, never expect that Israel will dare to attack, so no need to do any planning, no defensive plans, no counter attack plans, no contingency plans. Now only they are starting to think of how and when to hit back at Israel?

Any military organisation would have all the defensive and offensive plans all worked out and once Israel attacks, all departments must swing into actions, executing all the plans to defend and to counter attack. There is no time to plan when war has started.

Cannot imagine that this could happen to China. Can anyone imagine what would happen to China when the American terrorists and its cronies mount a sneak attack on China's nuclear sites and military installations, and China did not react, did not know how to react, did not know what to do, and only starts to plan for a counter attack? The American terrorists and its cronies would not give China a second chance, China would be wiped out completely. 

It is only reasonable to expect China to be on high alert 24/7 with all the war plans ready, which units to do the defending and which units to do the attacking and all the targets assigned and waiting for the operators to push the buttons. Not a second can be wasted. It is to attack immediately and survive, failing so means the nation will perish.

Luckily Iran still has a second chance to hit back, and still has all the time in the world to start planning for a war with Israel but still did not know when to declare war on Israel.

China does not have this privilege and cannot afford to fall asleep or stand down its early warning forces, and hope to survive an attack by the American terrorists and its cronies. What had happened to Iran last night is a good lesson for those that are still sleeping and still thinking war is far away.

The divine force has given the Israeli a good start. Would the divine force give Iran a chance to fight back to be fair to Iran?

Air India's Boeing 787 crashed on take off, killing more than 240 people

 Another Boeing air disaster. Another unnamed, unidentified murderer, another massacre of the innocents. 

Crashing of Boeing aircraft is now a new normal. Boeing would deny anything wrong with their aircraft that have the habit of falling from the sky. If they can hide the cause or blame the birds, they will do that, just like the Korean aircraft in Jeju. It is not Boeing's fault! Really?

The video clip of the Air India aircraft took off and apparently everything looked fine except that the aircraft was losing height, unable to climb. At this stage, the aircraft is on full power, even with landing gears down, the aircraft was supposed to be able to fly normally. The pilots could not do much as the accident happened in a few seconds. No time to react, or the pilots did react but could not control the aircraft. If the engines were on full power, at the very least, the aircraft could keep on climbing.

Is this another case of the 'kill switch' being activated? The kill switch is likely to be embedded in the software and any glitch or hacking could activate the kill switch and the pilot would lose control of the aircraft. Several such incidents had occurred, killing everyone on board when the Boeing aircraft just fall off from the sky.

All Boeing aircraft should be grounded immediately, and the kill switch facility be deleted and removed completely from all Boeing aircraft for safety reasons. Any software is just software and can be corrupted, intentionally or unintentionally, by bugs, hacking or virus attack.

The Boeing company would not admit this. Just think about it. Who would want to admit guilt when so many lives have been lost?

Remember Murphy's Law.