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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Fri Jul 06, 2018 11:42 pm 
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Joined: May 30, 2008
Posts: 501
Shocking stuff-these are 3 year old million dollar gaffs that appear to be made of fibreglass and particle board tied together with wire.

https://youtu.be/XopSDJq6w8E


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Sat Jul 07, 2018 7:37 am 
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Under CAB Investigation

Joined: Mar 14, 2013
Posts: 1925
No sureif this has been picked up elsewhere, but the Chinese property pumpers might be coming to ireland.
Probably deserves a thread of its own given the property implications seen in Vancouver OZ etc
Quote:
More than a third of Chinese millionaires want to leave China, here's where they want to go
More than a third of rich Chinese surveyed “are currently considering” emigrating to another country, according a new report.
The U.S. topped the list as the most popular destination for the fourth year in a row while the U.K. ranked second, followed by Ireland and then Canada.


https://www.cnbc.com/2018/07/05/more-th ... lainternal

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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Mon Jul 09, 2018 10:08 pm 
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Joined: Oct 29, 2007
Posts: 11792
Location: Multiverse
tulip wrote:
The New York Times wrote:
How China Got Sri Lanka to Cough Up a Port
22-28 minutes

HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes.

Yes, though feasibility studies said the port wouldn’t work. Yes, though other frequent lenders like India had refused. Yes, though Sri Lanka’s debt was ballooning rapidly under Mr. Rajapaksa.

Over years of construction and renegotiation with China Harbor Engineering Company, one of Beijing’s largest state-owned enterprises, the Hambantota Port Development Project distinguished itself mostly by failing, as predicted. With tens of thousands of ships passing by along one of the world’s busiest shipping lanes, the port drew only 34 ships in 2012.

And then the port became China’s.........


Look at their influence in Venezuela's current predicament.

Quote:
From 2007 to 2014, China lent Venezuela $63 billion — 53 percent of all its lending to Latin America during this time. There was an important catch to this largesse; to guarantee repayment,
Beijing insisted on being repaid in oil.
With most lending agreed to when oil hovered at more than $100 a barrel, as it did for most of 2007-2014, it seemed a good deal for both sides. However, when oil dropped to close to $30 a barrel in January 2016, this caused Venezuela’s price tag for serving its debt to explode. To repay Beijing today, Venezuela must now ship two barrels of oil for every one it originally agreed to.


https://foreignpolicy.com/2017/06/06/venezuelas-road-to-disaster-is-littered-with-chinese-cash/


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Mon Aug 27, 2018 5:47 pm 
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Joined: Sep 29, 2010
Posts: 8790
Location: London, innit
Demographic disaster
https://foreignpolicy.com/2017/09/28/se ... ographics/

Sex dolls for rent App shut down :shock:


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Mon Sep 24, 2018 11:16 am 
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Joined: Nov 6, 2006
Posts: 9013
Location: Hollywood
https://www.forexlive.com/news/!/report ... a-20180924

Quote:
Reports US plans 'a major, "administration-wide," broadside against China'


White House plans to unveil new information about China's hostile actions against America
China "malign activity" in cyberattacks, election interference and industrial warfare (e.g., intellectual property theft)

Axios citing two unnamed sources - link here …. and more follows below

Axios have even more a little later, this report:

President Trump plans to use his chairing of the UN Security Council this week to address a counter-narcotics summit focused on opioids … Much of the illegal opioids ravaging American streets are coming from factories in China


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Mon Sep 24, 2018 11:24 am 
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Joined: Nov 6, 2006
Posts: 9013
Location: Hollywood
Quote:
Hong Kong’s short term money market rates soared to their highest levels in at least a decade on Monday because of expectations that the city’s lenders will raise their prime rates, in-line with an expected US interest rate hike by the Federal Reserve, due at the conclusion of its two-day meeting on Wednesday in Washington.


https://www.scmp.com/business/money/mar ... -ahead-fed

Quote:
Any increase in commercial banks’ prime rate would bring soaring real estate prices in Hong Kong closer to a tipping point, given the highly leveraged nature of the city’s property market.


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Wed Oct 10, 2018 4:59 am 
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Joined: Nov 6, 2006
Posts: 9013
Location: Hollywood
Quote:
Home buyers angry that apartments are being sold for much less than they paid swamped property developers' marketing offices across China over the Golden Week holiday, demanding their money back.

https://www.afr.com/news/world/asia/chi ... 009-h16egx

Quote:
A decision by the developer to cut prices by up to 30 per cent sparked a wave of anger among buyers who had paid full price

https://www.scmp.com/property/article/2 ... torm-sales

Quote:
Chinese developers set for disappointing October as cash discounts fail to spur Golden Week sales
Property sales in 31 cities fell 27pc year on year in the first seven days of October


https://www.scmp.com/property/hong-kong ... -discounts


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Sun Oct 14, 2018 6:11 pm 
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Joined: Jan 4, 2012
Posts: 614
Zerohedge wrote:
Violence, Public Anger Erupts In China As Home Prices Slide

...
whereas Chinese property developers usually count on September and October to be their “gold and silver” months for sales, this year has turned out to be different. As the SCMP reports, not only were sales figures grim for September, but the seven-day national holiday last week also brought at least two "fangnao" incidents – when angry, and often violent, homeowners protest against price cuts offered by developers to new buyers.

These protests are often directed at sales offices, with varying levels of intensity – from throwing rocks to holding banners and putting up funeral wreaths. The risk, of course, is that as what has gone up (wealth effect) will come down, and as home ownership has remained the most important channel of investment for urban households in China in the past decade, price cuts have become increasingly unacceptable and a cause for social unrest.
More...


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Sat Oct 20, 2018 2:51 am 
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Joined: Nov 6, 2006
Posts: 9013
Location: Hollywood
https://www.businessinsider.com.au/chin ... ts-2018-10

Quote:
China wants to build three artificial moons 'eight times brighter than the real moon' to light up city streets


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 Post subject: Re: China on ‘Treadmill to Hell’ Amid Bubble.
PostPosted: Mon Oct 22, 2018 4:57 pm 
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Joined: Oct 22, 2007
Posts: 1924
That sounds like a very bad idea.

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