Thread: European and Ameristani Car Manufacturers Increase their Chinese Investments.

Yellow Barbarian Peril.

Beware.

Originally Posted by HuangLao

Yellow Barbarian Peril.

Beware.

Maroon ballistic peristalsis.

Bongo.

China's foreign trade up 9.7% in 2018



China's foreign trade up 9.7% in 2018 - Chinadaily.com.cn

China's 2018 trade surplus with U.S. highest on record going back to 2006

https://www.reuters.com/article/us-c...KCN1P804L?il=0

China posts strongest export growth in seven years in 2018 despite trade war

https://www.reuters.com/article/us-china-economy-trade/china-posts-strongest-export-growth-in-seven-years-in-2018-despite-trade-war-idUSKCN1P8047


goldilocks MAGA a failure after 2 years in power.

Baldy orange cunto's really got them by the balls eh?

If one believes the numbers somebodies winning and it doesn't appear to be goldilocks.

China's sliding fast, and the world can see it. They're despised by ALL Asian countries (including their border neighbours) and have ONE ally - Pakistan. The rest of the world despises them too.

And OhNo faps away to his daily dose of propaganda, courtesy of the Nongs. What a glum, terrible existence - wake up: read Nong propaganda, fap a couple of times, let those two brain cells slowly absorb the propaganda, fap again, get on TD and try to rile up the members, definite double-fap session, eat some gutter oil fried rice one-handed while fapping to some Nong porn, dig up a couple more BS stories about the varied and wonderful successes of the glorious Nation of Nongs, and pats self on back while fapping with other hand, so it feels like it's a Nong ho giving him some relief. Exhausted by now he reheats his gutter oil fried rice, slips into a fap/propaganda-induced coma and dreams of Nong ho's and the glorious Nation of Nongs all night long.

Wakes up, quick fap and repeat of the day before. Groundhog Day ala OhNo.

Originally Posted by SeventhSoul

China's sliding fast

U started a new nick to troll hoho......ffs

Originally Posted by uncle junior

to troll hoho

Such a waste of electricity.

Originally Posted by SeventhSoul

China's sliding fast, and the world can see it. They're despised by ALL Asian countries

.... but not their leaders who are trousering cash at an astonishing rate to handover whatever Chinastan desires.

What a load of bollocks. But I suppose if you're part of the corrupt Sri Lankan government that took backhanders in the first place, you're going to tell porky pies aren't you?

Months of interviews with Sri Lankan, Indian, Chinese and Western officials and analysis of documents and agreements stemming from the port project present a stark illustration of how China and the companies under its control ensured their interests in a small country hungry for financing.

• During the 2015 Sri Lankan elections, large payments from the Chinese port construction fund flowed directly to campaign aides and activities for Mr. Rajapaksa, who had agreed to Chinese terms at every turn and was seen as an important ally in China’s efforts to tilt influence away from India in South Asia. The payments were confirmed by documents and cash checks detailed in a government investigation seen by The New York Times.




• Though Chinese officials and analysts have insisted that China’s interest in the Hambantota port is purely commercial, Sri Lankan officials said that from the start, the intelligence and strategic possibilities of the port’s location were part of the negotiations.


• Initially moderate terms for lending on the port project became more onerous as Sri Lankan officials asked to renegotiate the timeline and add more financing. And as Sri Lankan officials became desperate to get the debt off their books in recent years, the Chinese demands centered on handing over equity in the port rather than allowing any easing of terms.


Though the deal erased roughly $1 billion in debt for the port project, Sri Lanka is now in more debt to China than ever, as other loans have continued and rates remain much higher than from other international lenders.


Mr. Rajapaksa and his aides did not respond to multiple requests for comment, made over several months, for this article. Officials for China Harbor also would not comment.


Estimates by the Sri Lankan Finance Ministry paint a bleak picture: This year, the government is expected to generate $14.8 billion in revenue, but its scheduled debt repayments, to an array of lenders around the world, come to $12.3 billion.

“John Adams said infamously that a way to subjugate a country is through either the sword or debt. China has chosen the latter,” said Brahma Chellaney, an analyst who often advises the Indian government and is affiliated with the Center for Policy Research, a think tank in New Delhi.

Indian officials, in particular, fear that Sri Lanka is struggling so much that the Chinese government may be able to dangle debt relief in exchange for its military’s use of assets like the Hambantota port — though the final lease agreement forbids military activity there without Sri Lanka’s invitation.

<snip>


At least $7.6 million was dispensed from China Harbor’s account at Standard Chartered Bank to affiliates of Mr. Rajapaksa’s campaign, according to a document, seen by The Times, from an active internal government investigation. The document details China Harbor’s bank account number — ownership of which was verified — and intelligence gleaned from questioning of the people to whom the checks were made out.

With 10 days to go before polls opened, around $3.7 million was distributed in checks: $678,000 to print campaign T-shirts and other promotional material and $297,000 to buy supporters gifts, including women’s saris. Another $38,000 was paid to a popular Buddhist monk who was supporting Mr. Rajapaksa’s electoral bid, while two checks totaling $1.7 million were delivered by volunteers to Temple Trees, his official residence.

Most of the payments were from a subaccount controlled by China Harbor, named “HPDP Phase 2,” shorthand for Hambantota Port Development Project.


Some Chinese officials have become concerned that the nearly institutional graft surrounding such projects represents a liability for China, and raises the bar needed for profitability. President Xi acknowledged the worry in a speech last year, saying, “We will also strengthen international cooperation on anticorruption in order to build the Belt and Road Initiative with integrity.”




In Bangladesh, for example, officials said in January that China Harbor would be banned from future contracts over accusations that the company attempted to bribe an official at the ministry of roads, stuffing $100,000 into a box of tea, government officials said in interviews. And China Harbor’s parent company, China Communications Construction Company, was banned for eight years in 2009 from bidding on World Bank projects because of corrupt practices in the Philippines.

https://www.nytimes.com/2018/06/25/w...anka-port.html

Originally Posted by harrybarracuda

seen by The New York Times.

Hearsay.

Originally Posted by harrybarracuda

Sri Lankan officials said that from the start

Originally Posted by harrybarracuda

as Sri Lankan officials

Hearsay.

Originally Posted by harrybarracuda

as Sri Lankan officials

Hearsay.

Originally Posted by harrybarracuda

now in more debt to China than ever

from 10Yuan to 15 Yuan?

Originally Posted by harrybarracuda

rates remain much higher than from other international lenders

Hearsay.

Originally Posted by harrybarracuda

to an array of lenders around the world,

China has a 10%, who are theother 90%?

Originally Posted by harrybarracuda

ndian officials,

Hearsay.

Originally Posted by harrybarracuda

seen by The Times,

Hearsay.

Originally Posted by harrybarracuda

Some Chinese officials

Hearsay.

Originally Posted by harrybarracuda

government officials said

Hearsay.

Originally Posted by harrybarracuda

World Bank projects because of corrupt practices in the Philippines

Hearsay.

What a load of shite 'arry.

Originally Posted by OhOh

Hearsay.

What a load of shite 'arry.

We'll just start with the most recent:

Originally Posted by harrybarracuda (European and Ameristani Car Manufacturers Increase their Chinese Investments.)
China Communications Construction Company, was banned for eight years in 2009 from bidding on World Bank projects because of corrupt practices in the Philippines.

Washington, July 29, 2011−The World Bank today announced the debarment of China Communications Construction Company (CCCC) Limited, and all its subsidiaries, for fraudulent practices under Phase 1 of the Philippines National Roads Improvement and Management Project. Under the sanction, CCCC is ineligible to engage in any road and bridge projects financed by the World Bank Group until January 12, 2017. This action is based on recent changes in the World Bank sanctions system to clarify that successor organizations – through purchase or reorganization – will be subject to the same sanctions applied to the original firm.
CCCC is the designated successor entity to China Road and Bridge Corporation (CRBC) which, along with six other firms and one individual, was debarred by the World Bank for eight years, beginning January 12, 2009, following an investigation of the National Roads Improvement and Management Project by the World Bank’s Integrity Vice Presidency (INT).
World Bank Applies 2009 Debarment to China Communications Construction Company Limited for Fraud in Philippines Roads Project

You're a desperately gullible little chinky sycophant, aren't you?

Thanks for your post regarding one of the accusations. Clarity is all. I look forward to your posts clarifying all the eleven others.

Originally Posted by OhOh

Thanks for your post regarding one of the accusations. Clarity is all. I look forward to your posts clarifying all the eleven others.

The original NYT article is factual.

Suck it up, buttercup.

Originally Posted by harrybarracuda

The original NYT article is factual.

I don't dispute that a foreign newspaper printed some words. Unfortunately the words as printed do not actually name any individual real person, who could be summonsed and cross examined in a court of law.

Hence the articles assertions are legally hearsay.


" Hearsay

A statement made out of court that is offered in court as evidence to prove the truth of the matter asserted.

It is the job of the judge or jury in a court proceeding to determine whether evidence offered as proof is credible.

Three evidentiary rules help the judge or jury make this determination:

(1) Before being allowed to testify, a witness generally must swear or affirm that his or her testimony will be truthful.
(2) The witness must be personally present at the trial or proceeding in order to allow the judge or jury to observe the testimony firsthand.
(3) The witness is subject to cross-examination at the option of any party who did not call the witness to testify."

Quod erat demonstrandum.

Case dismissed, your lordship.

Originally Posted by OhOh

I don't dispute that a foreign newspaper printed some words. Unfortunately the words as printed do not actually name any individual real person, who could be summonsed and cross examined in a court of law.

Hence the articles assertions are legally hearsay.


" Hearsay

A statement made out of court that is offered in court as evidence to prove the truth of the matter asserted.

It is the job of the judge or jury in a court proceeding to determine whether evidence offered as proof is credible.

Three evidentiary rules help the judge or jury make this determination:

(1) Before being allowed to testify, a witness generally must swear or affirm that his or her testimony will be truthful.
(2) The witness must be personally present at the trial or proceeding in order to allow the judge or jury to observe the testimony firsthand.
(3) The witness is subject to cross-examination at the option of any party who did not call the witness to testify."

Quod erat demonstrandum.

Case dismissed, your lordship.

Tralsnation:

"I am a fawning chinky sycophant and refuse to believe Winnie the Pooh would do anything so dastardly even when it's staring me in my little screwed up, tear stained face".

^Put up or withdraw.

Originally Posted by OhOh

^Put up or withdraw.

It's all there with sources.

Prove it wrong or STFU.

Originally Posted by harrybarracuda

Prove it wrong or STFU.

As your "sources" are unnamed, it makes any effort difficult.

Originally Posted by OhOh

As your "sources" are unnamed, it makes any effort difficult.

So you think worldbank.org is a fake website do you douchebag?

Geely, Daimler announce plans for joint venture



"Zhejiang Geely Holding Group and German carmaker Daimler AG are to set up a 50-50 joint venture in China, which will make the country the sole producer and exporter of electric smart-branded vehicles from 2022, the two carmakers said on Thursday.
The joint venture, which is expected to be finalized later this year, will "own, operate and further develop" the brand established in 1998 as a leader in premium electrified vehicles, said the two in a joint statement, without giving details about investment.

The two sides have agreed that Daimler will be responsible for the styling of the vehicles while Geely, which became Daimler's largest shareholder last year, will do the engineering work of the new generation of electric vehicles.

Daimler, which is also the owner of Mercedes-Benz, announced two years ago that the iconic smart brand will be battery-powered by 2020.
Geely and Daimler also plan to expand the current lineup to include compact models, which are growing fast in China.
Daimler is currently producing the smart-branded vehicles in a plant in Hambach, France, which will be retooled to manufacture electric Mercedes-Benz models when the Chinese facility is finished in the early 2020s, although its location has yet to be released.

On his LinkedIn account, Dieter Zetsche, Daimler's chairman, said: "It's the beginning of a new chapter in the history of smart brand－a chapter that includes new models, entry into new segments, and the start of a new period of growth."
It is likely that China will prove crucial to the brand as the country has been the world's largest market for new energy vehicles and is home to over 100 cities that have more than 1 million people, an ideal market for small-sized vehicles.
Geely President An Conghui said electrification is an irreversible trend and the segment of small-sized vehicles, especially those from premium brands, will grow fast.
"The smart brand has a unique appeal and strong commercial value. We look forward to this challenging and exciting new project, through which we will further push the introduction of premium electric products to give a better mobility experience to our customers," said An.

Ola Kaellenius, a board member at Daimler, said the company weighed options but it is a natural choice to have a Chinese partner as China and Europe are the largest markets for its smart-branded vehicles.
He called Geely a "perfect partner" because of its strong technological capabilities and operational experience in Europe as Daimler is looking for a global solution for its smart division.
"This is the best business case for smart brand and its future," said Kaellenius.
John Zeng, managing director of LMC Automotive Shanghai, said the partnership will at least help Daimler increase the prospects of the brand's profitability, because Geely has shown outstanding cost-control abilities as demonstrated by its Lynk& Co models.
Geely and Daimler did not give an estimate of the time needed for the partnership to make a profit, but both expressed confidence.

"We are in the business to make money, and it's our goal to make the joint venture with Geely sound," said Kaellenius.

Besides Geely, Daimler is working with BAIC Motor Group to locally produce its Mercedes-Benz models, with the electric EQC due to roll off its assembly line in Beijing later this year.

China has been the largest market for Daimler. Last year, its China sales totaled more than 650,000 vehicles, around a quarter of its global sales."

Geely, Daimler announce plans for joint venture - Chinadaily.com.cn

Why you almost sound surprised.

Geely, which became Daimler's largest shareholder last year

Oh.

So that's a "joint venture" is it?