China a Failed State and a Rogue State to the rest of the World

[Smurf1976]

However for a country like Australia there is nothing to gain by being a "crusader against China". We lose out on trade and gain nothing other than a kudos from America. It's pointless.

Thing is though, we're reliant on the US in much the same way an employee is reliant on their employer. In the absence of a direct replacement, the consequences of getting seriously offside with the US are very problematic.

In that plus economic terms I think thus guy sums it up fairly well what Australia needs to do (also covers the off-topic point of housing but that's only a couple of minutes):

 

[joeno]

Thing is though, we're reliant on the US in much the same way an employee is reliant on their employer. In the absence of a direct replacement, the consequences of getting seriously offside with the US are very problematic.

In that plus economic terms I think thus guy sums it up fairly well what Australia needs to do (also covers the off-topic point of housing but that's only a couple of minutes):

Singapore plays both sides and they do very very well from it. There is no reason why Aus doing the same would yield consequences. After all we are more strategically important, have more resources and are part of "global Europe". Peak Australian economy (around late 2000 early 2010s) was also when we had the best trade relations with China.

Like China, the US is not a threat to Australia though. Or even to the world, since they too are relatively defensive and "inward looking". India/Africa (population growth, gender attitudes and political policies), the Islamic world (Islamic doctrines) ARE the big threats.

However in this day and age, up is down, left is right and instead we point the fingers at the wrong people.

 

[finicky]

Western paid up shills for the totalitarian CCP. Disgusting effete rats.

 

[Dona Ferentes]

evidently if I make a vid and post it online, someone will repost it and I'll be an expert.

 

[finicky]

Many points made about China softening up the U.S, including the conspicuous increase of illegal border crossing Chinese males of military age. You might have noticed over the years Biden's reassuring and pacifying remarks to the public about China's harmlessness and how good it is that China is becoming a great power - he's a compromised and treasonous president I believe, not hyperbole.

 

[qldfrog]

Many points made about China softening up the U.S, including the conspicuous increase of illegal border crossing Chinese males of military age. You might have noticed over the years Biden's reassuring and pacifying remarks to the public about China's harmlessness and how good it is that China is becoming a great power - he's a compromised and treasonous president I believe, not hyperbole.

I agree on the treason, but not Biden as he is well past cognitive state.
I doubt Xi needs to send a 5th column there, the US are doing all the self destruction

 

[finicky]

China failing state on multiple fronts. Will Xi the filth lash out at Taiwan as his best chance of asserting control?

 

[Knobby22]

Interesting and complex article in today's Age from Steven Bartholomeusz.
It is quite long and has a few interesting states like 17 per cent of GDP is being saved rather than invested showing the fear of the populace.
And 90% of Chinese households own their own home with 70% household wealth is attributable to housing.
Obviously the damage to households and their confidence is profound.

So what will Xi do?

Well it is a state controlled economy so quite a lot -

This week interest rates were lowered by 25 basis points.
China can't afford to go too low as this will cause a backlash with other nations and further reduce foreign inflows. it will also weaken further the shaky yuan. Eu is annoyed and is already investigating China for subsidies with their EVs and could extend this.

Much deeper state involvement in the property sector (which Xi would like). The state takes over distressed properties, becomes the main builder of properties and limits private enterprise destroying the speculation, Provides subsidised rentals to low income households to use up the glut in properties, act as the buyer of last resort to save the banks, and generally stabilising the markets.

Foreign direct investment is at the lowest level for 30 years. So fixing that would also be high on China's agenda.

But given all that, no easy way out, no easy solutions. Domestic consumption needs to restart. Deflation is going to happen and shadow banking will also have major problems. Excess factory production is set to continue.

I have only made a short summary and have missed a lot of points.

 

[qldfrog]

Interesting and complex article in today's Age from Steven Bartholomeusz.
It is quite long and has a few interesting states like 17 per cent of GDP is being saved rather than invested showing the fear of the populace.
And 90% of Chinese households own their own home with 70% household wealth is attributable to housing.
Obviously the damage to households and their confidence is profound.

So what will Xi do?

Well it is a state controlled economy so quite a lot -

This week interest rates were lowered by 25 basis points.
China can't afford to go too low as this will cause a backlash with other nations and further reduce foreign inflows. it will also weaken further the shaky yuan. Eu is annoyed and is already investigating China for subsidies with their EVs and could extend this.

Much deeper state involvement in the property sector (which Xi would like). The state takes over distressed properties, becomes the main builder of properties and limits private enterprise destroying the speculation, Provides subsidised rentals to low income households to use up the glut in properties, act as the buyer of last resort to save the banks, and generally stabilising the markets.

Foreign direct investment is at the lowest level for 30 years. So fixing that would also be high on China's agenda.

But given all that, no easy way out, no easy solutions. Domestic consumption needs to restart. Deflation is going to happen and shadow banking will also have major problems. Excess factory production is set to continue.

I have only made a short summary and have missed a lot of points.

One point missed by many about current China economics.
Since Covid/last 5 years, China(CCP) has switched its loans and investments from housing/real estate toward factories and industrial production: better factories automation for a smaller solvable market;

I expect this to hit the west hardly, not so much us as our industry is already kaput but what is left of US and EU/Japan/Korea industrialisation
After all, I just purchased an MG and if I had gone EV, would have been a BYD.
In all the recent purchased outside food I made in the last 5 years, except for some colorbond, cement , treated pine and mulch, I doubt anything was not made in china.
I would not want to be a BMW Mercedes factory employee in 2024

 

[finicky]

Who are the vocal proponents of China?

Australian court jails man for foreign influence in favour of China

 

[finicky]

I'm sure they mean no harm.
There's clip of Xi and Trudeau at a conference somewhere and Trudeau's posture is servile as Xi reprimands him about something, like Canada is already a vassal. Trudeau's like, "Yessir, how high should I jump sir?" Trudeau is a sociopath.

 

[mullokintyre]

One point missed by many about current China economics.
Since Covid/last 5 years, China(CCP) has switched its loans and investments from housing/real estate toward factories and industrial production: better factories automation for a smaller solvable market;

I expect this to hit the west hardly, not so much us as our industry is already kaput but what is left of US and EU/Japan/Korea industrialisation
After all, I just purchased an MG and if I had gone EV, would have been a BYD.
In all the recent purchased outside food I made in the last 5 years, except for some colorbond, cement , treated pine and mulch, I doubt anything was not made in china.
I would not want to be a BMW Mercedes factory employee in 2024

That assumes that the countries outside of China that produce things do not pit tarriffs or other penalties on Chinese goods.
the EU in particular are experts at this.
Mick

 

[qldfrog]

That assumes that the countries outside of China that produce things do not pit tarriffs or other penalties on Chinese goods.
the EU in particular are experts at this.
Mick

I agree but China can pressure back economically as well...

 

[finicky]

Short clip: China zeroing in and exploiting any western weakness.

 

[finicky]

 

[Dona Ferentes]

sleeper agent

 

[finicky]

Imagine how the ironically named 'People's Liberation Army' would loot, insult, befoul and destroy this place if it really existed outside of myth.

The legend of Shangri-la

"There is an ancient Tibetan legend that says that somewhere, high in the far away mountains, there is a lost valley, cut off from the world. There the wisdom of the ages is conserved during turbulent times of planetary change that mark the end of one age and the beginning of the next."

Not Held

 

[qldfrog]

The legend of Shangri-la

"There is an ancient Tibetan legend that ... "

Not Held

I am shocked to read you are not holding such a great piece of real estate

 

[mullokintyre]

The CCP has about the same level of respect for its own citizens as it does for the rest of the world.

Mick

 

[qldfrog]

The CCP has about the same level of respect for its own citizens as it does for the rest of the world.

Mick

And we have our western governments knowingly forcing Pfizer jabs on own populace...killing millions ...absence of consideration for either the country or people is widespread even among the so called democracies