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It's Time To Tell China To Get Nicked

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Huawei: MPs claim 'clear evidence of collusion' with
Chinese Communist Party


There is "clear evidence of collusion" between Huawei and the "Chinese Communist Party apparatus"
a parliamentary inquiry has concluded.​

And the MPs say the government may need to bring forward a deadline set for the Chinese firm's 5G kit to be removed from the UK's mobile networks.​
​
Huawei has responded by saying "this report lacks credibility as it is built on opinion rather than fact".​
​
But the latest accusation poses a further challenge to its business.​
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Although the company's options in the UK are now limited, it is still trying to sell its 5G telecoms infrastructure to other parts of Europe and beyond, having invested heavily in the technology.​
​
"We're sure people will see through these accusations of collusion and remember instead what Huawei has delivered for Britain over the past 20 years," a spokesman for the company said.​
​


More on link below...


 

China-EU FDI Radar
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The China-EU FDI Radar is an on-going research initiative aimed at providing greater transparency on Chinese investments in Europe. It currently covers 650+ acquisitions from 2010 up to the present. The data is made available to the public in an interactive map, indicating the level of Chinese state-influence for every acquisition. This indication is provided based on analysis of the ultimate beneficial ownership (UBO) by Datenna.​
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​
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Making Chinese acquisitions in Europe more transparent​
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To determine the level of state influence, we used our proprietary algorithm which takes into account the entire shareholder structure, shares being pledged, level of state-control of any investors and other relevant factors. Since we developed this algorithm in-house, the indication of the state influence is to be considered as our professional opinion and should not be used for any investment screening decisions without additional deliberation with us. We are constantly updating the radar with new acquisitions. If you are missing data or spot a mistake, please notify us.​
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Chinese State-influence​
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Overall our research indicates 161 acquisitions where the Chinese State has a high level of influence (~25%). An acquisition with a high level of government influence (red dot on the map) means that the ultimate controlling shareholder is part of the Chinese government, for instance the State Council of the People’s Republic of China. Additionally for 103 acquisitions (15%) the level of state influence is categorized as medium (orange dot on the map). In these cases the Chinese government has a substantial stake in the acquiring company, but might not necessarily be seen as controlling. Finally, the majority of acquisitions (60%) has a low level of state influence (yellow dot). This indicates the Chinese government has no substantial influence in the acquiring company.​
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Sectors​
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With 83 acquisitions the machinery sector is the most popular among Chinese investors in Europe. Other large categories are automotive, consumer products, energy, health, ICT and electronics.​
​

 
Earlier this year

What haven't the Chinese tried to steal...???


Harvard University Professor and Two Chinese Nationals Charged in Three Separate China Related Cases​



The Department of Justice announced today that the Chair of Harvard University’s Chemistry and Chemical Biology Department and two Chinese nationals have been charged in connection with aiding the People’s Republic of China.​
​
Dr. Charles Lieber, 60, Chair of the Department of Chemistry and Chemical Biology at Harvard University, was arrested this morning and charged by criminal complaint with one count of making a materially false, fictitious and fraudulent statement. Lieber will appear this afternoon before Magistrate Judge Marianne B. Bowler in federal court in Boston, Massachusetts.​
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Yanqing Ye, 29, a Chinese national, was charged in an indictment today with one count each of visa fraud, making false statements, acting as an agent of a foreign government and conspiracy. Ye is currently in China.​
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Zaosong Zheng, 30, a Chinese national, was arrested on Dec. 10, 2019, at Boston’s Logan International Airport and charged by criminal complaint with attempting to smuggle 21 vials of biological research to China. On Jan. 21, 2020, Zheng was indicted on one count of smuggling goods from the United States and one count of making false, fictitious or fraudulent statements. He has been detained since Dec. 30, 2019.​


More on link below...

 
What hypocrites.

DON'T BUY CHINESE GOODS.

China doubles down on sick doctored image over alleged war crimes in Afghanistan
Chinese officials have slammed Australia for “barbarism” and said it should be ashamed in a stinging response to demands for an apology over a faked picture.

China trolls Australia with sick fake image

Chinese officials have delivered a stinging response to demands for an apology over a shocking faked photograph of an Australian soldier, accusing Australia of “barbarism” and saying the government should feel ashamed.
www.news.com.au
 
Waste of time Scott asking for an apology. China and propaganda go hand in hand.
 

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After that disgusting tweet it really is time to tell China to get nicked.

'Twenty years ago we did no trade with China and Australia was a pretty good place': Senator says we can stand up to 'bullying' Beijing and find other trade partners
  • Queensland Senator Matt Canavan says Australia must diversify trading partners
  • Canavan said Australia needs business partners who are 'friends', not 'bullies'
  • Comments come as relationship between both nations continues to deteriorate
  • In wake of pandemic, enormous tariffs have been slapped on Australian goods
  • China was Australia's seventh biggest trading partner in 2000 well behind Japan
  • Senator Canavan claimed Australia 'basically did no trade with China' in 2000

Aussie senator calls for return to Australia's trading heyday

Queensland Senator Matt Canavan said Australia did not need trading partners who were 'bullies'.
www.dailymail.co.uk


20 years ago

Australian trade in 2000
1. Japan: $25.3billion
2. United States: $16.7billion
3. South Korea: $9.9billion
4. New Zealand: $9.3billion
5. Singapore: $8billion
6. UK: $7.6billion
7. China: $6.9billion
 
The problem is China said we will build your stuff (white goods, clothing, foot ware, electronic equipment, cutlery, kitchen wares, furniture, actually anything you want) we will build it for nothing, just build your factories here we like to serve.

Well the rest is history, the companies that manufactured in the first world relocated to China and the profits boomed.
Australia was fine, because China needed our resources and still does, for now.
But when they don't need our resources, the writing is on the wall, where we are heading.

I always remember a couple of our most highly regarded politicians in the 1980's,


Minister Hawke stated:

Mr Speaker, the most powerful spur to greater competitiveness is further tariff reduction.
Tariffs have been one of the abiding features of the Australian economy since Federation. Tariffs protected Australian industry by making foreign goods more expensive here; and the supposed virtues of this protection became deeply embedded in the psyche of the nation.
But what in fact was the result?
Inefficient industries that could not compete overseas; and
Higher prices for consumers and higher costs for our efficient primary producers. Worse still, tariffs are a regressive burden-the poorest Australians are hurt more than the richest.(16)

Treasurer Keating was equally damning of the tariff:

The package of measures announced today ends forever Australia's sorry association with the tariff as a device for industrial development.
By turning its back on tariffs, Australia will be further propelled in its quest for international trade and efficiency, a search begun with the opening up of the economy in 1983 when we floated the dollar and abolished exchange controls.
As in all nations before it, the pursuit of trade and competition has instilled in Australia a thirst for greater efficiency at home and a larger dominion abroad.

By the end of the Keating Government in 1996, most tariffs had been reduced to five per cent and the scheduled reductions in tariffs for PMV and for TCF up to the year 2000 are continuing as planned. The Howard Government's commitments concerning tariff assistance for these two industries beyond 2000 and also Australia's long term commitment to free trade under APEC are discussed in Industry Policy in Australia, September 1999 .

Well rather than improve our competitiveness, it just relocated our manufacturing to China and the ones that survived were closed by cheap imports.
The only ones who made money, was big business that relocated manufacturing and put Australian workers out of jobs. Also miners who rode the back of the Chinese manufacturing boom.
So in reality we got what we deserved, either we had to compete with cheap labour countries, or watch our manufacturing jobs disappear.
Funny how history has since been re written and most think it was a Liberal initiative, to help big business and screw the worker.

Reference:

Research

Research
www.aph.gov.au
 
Last edited:
The USA's President simplistic understanding of how trade works and tariffs has led to China having a huge win.
They have increased exports to the USA by a massive 46% while simultaneously cutting USA imports increasing the deficit by 37.4 billion a month in China's favour.
The average USA joe has had to pay more due to the tariffs when buying the Chinese goods making them comparatively poorer.

Good job Trump!

China's record November will further unsettle Australia and the US

Economically, China is having a good pandemic. Its latest booming numbers will increase tensions with the US and also carry a disturbing indicator for Australia.
www.theage.com.au
 
Like I said in another thread, you wont stop people buying cheap $hit and China with a regulated currency can sell it for nothing, so I guess we get what we deserve.
Keep cheering as we go down the big dipper, nothing funnier than watching people cheering their own demise .
 


An extortionary failure of policy not that there was a coherent one.

Read plenty of Republican economists opinion to the man / women all criticizing the Trump tariff approach and all pointing out the only losers being US consumers.

It will be interesting to see if the new administration can reverse the deficit trend.

Saw else where a claim of the loss of 200,000 US manufacturing jobs at the same time as well.
 
IFocus said:
An extortionary failure of policy not that there was a coherent one.
Click to expand...

We have seen this a lot. Trump often says the right things, but he and his administration of incompetent sycophants, are abysmal failures when it comes to implementation. Often on these forums Trump is lauded for "saying the right things" as if that in itself is sufficient to warrant praise.
 
On the local front isnt the Qantas plan to sack 2,000 workers and replace them with a Chinese owned contractor?
 
IFocus said:
It will be interesting to see if the new administration can reverse the deficit trend.

Saw else where a claim of the loss of 200,000 US manufacturing jobs at the same time as well.
Click to expand...
It certainly will be interesting, to see if the trend reverses, or accelerates.

It may be a good time to introduce Chinese, as a compulsory subject in schools.
 
You only have a couple of options to get China to revalue the yuan.

1. Plaza accord type deal. But ccp probably unlikely to accept it and raise the yuan.

2. Export Subsidies. China can easily negate these so unlikely to work.

3 Tarrifs and export restrictions.
These hurt both countries till you go to the extreme. Its a necessary part of the toolkit to open up the revaluation.

4. National savings and devalue the dollar.
Apparently this pushes capital overseas cheapening the dollar. Makes exports cheaper. And hey, who doesn't want money flowing in.


Now Trump had a trade deal with China in exchange for cutting the trade war tarrifs. Here's the problem: China bought half of what was agreed.

So all this talk of "he's stoopidd and done did the wrong thing" is a little simplistic. Biden will most likely use tarrifs if the deal isn't honoured and may possibly go hard to get the yuan revalued.

The simple fact is China isn't playing by the rules. The problem isn't just Trump. This has been going on for years if not decades. Trumps the one that actually started addressing the issue. Its going to take longer then a bloody year to sort out.
 

The trouble is that tariffs are a simple solution to a complex problem and I flagged this months ago.

Many Republicans spoke against this action
The end result is the USA in a weaker position. Actions of one state against another, unilateral action, without WTO approval weakens the international rule of law effecting the USA and bystanders like us.

The answer is coordinated action from the world through the WTO and the UN. Instead Trump weakened these organisations There is some of this happening but it needs leadership from the USA and the EU. At present China can do what it likes with no repercussions.
 
I think Trump bombed EU with tarrifs and now EU has retaliated. But it makes it easier for the next few presidents to dial it back to a friendlier position without giving away the farm.

Trump didn't care if he was hated. He saw the US being taken for a ride. And as blunt as some of those policies were, in the long run it makes it easier for the ones that won't stick their neck out and rock the boat.
 
Well we shall soon find out how effective the WTO and U.N are when Australia fronts up with China, it should be interesting.

The trade imbalance between the U.S and China was $600billion, the problem is most of the stuff was manufactured goods that multinationals outsourced to China from the U.S, why would China or the multinationals want to send the manufacturing back to the U.S?

I know it isn't simple, but the end result is pretty simple. China has become a first world country and the U.S is fast becoming a second world economy, unless China is reigned in the trajectory will continue and Germany will be next. Then who will fund the EU? there is a reason the U.K has jumped ship, they can become fairly self sufficient.
 
Some good news




Major leak 'exposes' members and 'lifts the lid' on the Chinese Communist Party​


A major leak containing a register with the details of nearly two million CCP members has occurred – exposing members who are now working all over the world, while also lifting the lid on how the party operates under Xi Jinping, says Sharri Markson.​
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Ms Markson said the leak is a register with the details of Communist Party members, including their names, party position, birthday, national ID number and ethnicity.​
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“It is believed to be the first leak of its kind in the world,” the Sky News host said.​
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“What's amazing about this database is not just that it exposes people who are members of the communist party, and who are now living and working all over the world, from Australia to the US to the UK,” Ms Markson said.​
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“But it's amazing because it lifts the lid on how the party operates under President and Chairman Xi Jinping”.​
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Ms Markson said the leak demonstrates party branches are embedded in some of the world’s biggest companies and even inside government agencies.​
​
“Communist party branches have been set up inside western companies, allowing the infiltration of those companies by CCP members - who, if called on, are answerable directly to the communist party, to the Chairman, the president himself,” she said.​
​
“Along with the personal identifying details of 1.95 million communist party members, mostly from Shanghai, there are also the details of 79,000 communist party branches, many of them inside companies”.​
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Ms Markson said the leak is a significant security breach likely to embarrass Xi Jinping.​
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“It is also going to embarrass some global companies who appear to have no plan in place to protect their intellectual property from theft. From economic espionage,” she said.​
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Ms Markson said the data was extracted from a Shanghai server by Chinese dissidents, whistleblowers, in April 2016, who have been using it for counter-intelligence purposes.​
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“It was then leaked in mid-September to the newly-formed international bi-partisan group, the Inter-Parliamentary Alliance on China - and that group is made up of 150 legislators around the world.​
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“It was then provided to an international consortium of four media organisations, The Australian, The Sunday Mail in the UK, De Standaard in Belgium and a Swedish editor, to analyse over the past two months, and that's what we've done".​
​
Ms Markson said it, “is worth noting that there's no suggestion that these members have committed espionage - but the concern is over whether Australia or these companies knew of the CCP members and if so have any steps been taken to protect their data and people”.​
Edit - List if anyone is interested. (rumours online that this list has something to do with Hunter Biden's laptop/HDD (2nd/3rd HDD), also that evidence that CCP and Covid-19 was a China play that was intentionally released)

https://gitlab.com/shanghai-ccp-member-db/shanghai-ccp-member-db

https://f.maga.host/DGieOgS.pdf

https://github.com/ccpdata/ShanghaiCCPMember

https://drive.google.com/drive/folders/1pQwAJnP1zEd1ZVLw50NPcIRY0pP5Wq44
​
 
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