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  1. #1801
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    Quote Originally Posted by harrybarracuda View Post
    I stand corrected,
    That's a Taiwanese company, Foxxconn.

  2. #1802
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    Quote Originally Posted by Cujo View Post
    I stand corrected,
    That's a Taiwanese company, Foxxconn.
    In a miserable chinky factory in Beijing.

  3. #1803
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    China



    One of the production floors in Foxconn factory at
    Shenzhen

    Foxconn has 12 factories in nine Chinese cities—more than in any other country.[38]

    The largest Foxconn factory is located in Longhua Town, Shenzhen, where hundreds of thousands of workers (varying counts include 230,000,[37] 300,000,[39] and 450,000)[40] are employed at the Longhua Science & Technology Park, a walled campus[7] sometimes referred to as "Foxconn City".[41]

    Covering about 3 km2 (1.2 sq mi),[42] the park includes 15 factories,[41] worker dormitories, 4 swimming pools,[43] a fire brigade,[7] its own television network (Foxconn TV),[7] and a city centre with a grocery store, bank, restaurants, book store and hospital.[7] While some workers live in surrounding towns and villages, others live and work inside the complex;[44] a quarter of the employees live in the dormitories.

    https://en.wikipedia.org/wiki/Foxconn

  4. #1804
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    Quote Originally Posted by sabang View Post
    China



    One of the production floors in Foxconn factory at
    Shenzhen

    Foxconn has 12 factories in nine Chinese cities—more than in any other country.[38]

    The largest Foxconn factory is located in Longhua Town, Shenzhen, where hundreds of thousands of workers (varying counts include 230,000,[37] 300,000,[39] and 450,000)[40] are employed at the Longhua Science & Technology Park, a walled campus[7] sometimes referred to as "Foxconn City".[41]

    Covering about 3 km2 (1.2 sq mi),[42] the park includes 15 factories,[41] worker dormitories, 4 swimming pools,[43] a fire brigade,[7] its own television network (Foxconn TV),[7] and a city centre with a grocery store, bank, restaurants, book store and hospital.[7] While some workers live in surrounding towns and villages, others live and work inside the complex;[44] a quarter of the employees live in the dormitories.

    https://en.wikipedia.org/wiki/Foxconn
    Mind numbingly boring work.
    But aren't all production line jobs the same wherever they are?
    At least they're offering jobs.
    Beats working in a 'hairdressers'
    or sitting around the village playing majong all fucking day.

  5. #1805
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    Quote Originally Posted by Cujo View Post
    But aren't all production line jobs the same wherever they are?
    Ah yes, I remember those suicide nets at Cowley and Longbridge.


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    China should continue to open up to the world despite US containment attempt

    China should continue to open up to the world despite US containment attempt: Jim Rogers


    As the COVID-19 pandemic, geopolitical conflicts and the macroeconomic policies of developed countries such as the US lead to negative impacts on the global economy, a global crisis is imminent, threatening the economies of all countries around the world. In a recent interview with the Global Times (GT), Jim Rogers, an international investor and the author of A Bull in China: Investing Profitably in the World's Greatest Market, shared his views about both the Chinese and global economy.

    GT: In your opinion, what has been the biggest change in China over the past decade? To you, in what ways has the change been seen?

    Jim Rogers: China was less developed when I first went to there in 1980s, but now it has the best airports, best highways, best everything. In the past 40 years, especially the past 10 years, China has done an enormous unbelievable job of developing, whether we're talking about the computers, the internet, highways, airports, hotels, everything. This means somebody has done something right. Beijing has been making the right decisions, opening the economy, opening the country. History is very clear that if you are open and trade, you're going to be more successful than if you're closed and do not have interaction with others. China has done a great job.

    As for myself, the last 10 years, I moved to Asia because of China. I wanted my children to know Asia and to speak perfect Putonghua. It has been my biggest investment in the last 10 years. I invested in my children and trying to prepare them for the 21st century, which will be the century of China.

    GT: In the past 10 years, which sectors of China's economy have you focused on and bought shares? As a foreign investor, how do you evaluate the opening process and internationalization of China's capital market over the past decade?

    Jim Rogers: In the past few years we've had the COVID-19 epidemic, the virus that's caused many shares to go down a lot. I do remember a Chinese word weiji which means disaster and opportunity the same thing. I've invested in transportation, tourism, agriculture, things that have been very badly hurt by the virus. I think these areas will improve in post-COVID recovery. Agriculture has been hurt badly for a long time in many places across the world. Beijing is trying to help agriculture. So agriculture is quickly exciting, especially in China. Metal looks good because we're going to have electric cars, which use much more copper, lead and lithium. If China continues to open up, transportation, energy, tourism, cultural and entertainment industries will all be well developed.

    In the past 10 years, China's stock market has seen tremendous progress and become much more open. More and more foreigners know they can buy and sell Chinese stocks. I hope China will continue to open up its financial markets. China is now a rich, successful and powerful country. I hope there should be more IPOs in China and Chinese stocks, bonds and yuan can be easily bought anywhere in the world.

    GT: Some said that China will lead to a hard landing, what do you think of this view?

    Jim Rogers: I know there are people who say that about China for a long time. In my view, that is inaccurate. It's people who don't understand China or maybe if they do understand China they're just trying to make themselves more important.

    Yes, China will have problems while moving forward, but everybody has problems as they rise. America became the most successful country in the 20th century, but along the way we had many depressions, we had bankruptcy.

    Jim Rogers Photo: Courtesy of Jim Rogers

    GT: In your opinion, what impact has the US' trade war, smearing campaign against China's Xinjiang region and other repressive measures had on China? Will more Western countries join in the suppression against China?

    Jim Rogers: Throughout history when people have problems, they blame someone else, they always blame foreigners. Politicians know that they can blame foreigners. But it's not good. I have to repeat many times. We should be working together.

    Because America is going to have economic problems in the next 2 or 3 years, they're going to blame that on other countries, especially China. It's not good for America, it's not good for the world, but that's what people do when they have bad times. Former US President Donald Trump tried to blame his problems on China. He tried to blame everybody, Germany, Canada, everybody, but especially China.

    The US imposed additional tariffs against China trying to restrain Chinese trade with the US. In my view, it's always a mistake. I have never ever seen tariffs work for in the long term. They've always caused more harm than good. I wish that the US would not impose tariffs on anyone including China.

    I know what the Americans say about China's Xinjiang region. I haven't been there a long time, but when I was there, I thought I didn't see any problems. Now China has invited people to comment, inspect and so far nobody independent has been able to demonstrate that China's doing bad things out there.

    I suspect the US would try to do more to contain China. There is of what in history often when you have a dominant power and a rising power, they have often had war, not always, they don't have to. In the past 40 years the US and China have both made a lot of money together. We've traded a lot and we've had great success. China and the US should continue to work together and make a lot of prosperity together.

    Many Western countries will not follow the US to suppress China. Some countries under US controls will certainly do what the US says, but most countries now around the world are trying to be friendly with China. Most countries do not want to get into a dispute with China and have problems with China, and some will do what the US says, but not like 20 years ago when most countries would have done what the US said. Now there are many countries that want to be friends with China which is good news for the world.

    GT: Where does the resilience of China's economy and society come from?

    Jim Rogers: Anybody, any economists, whether they're 200 years ago or 200 days ago, will tell you that you need high savings and high investment to have a successful economy and a successful country. The Chinese have a much higher savings rate than that America does. Chinese also have a great education system, that's one of the reasons I moved into Asia so that my children would experience the Asian education. So you combine education, a strong work ethic, a high savings rate, high discipline, everything that makes a great country. America had that 100 years ago, China has it now. China has been the most successful country in the world in the past 40 years. That's a simple situation one can measure. That's not an opinion; that is a fact.

    The world is going to have serious problems mainly because there's so much debt. The US is now the largest debtor nation in the history of the world and it's getting worse every day. China should do what it was doing 5 years ago, 10 years ago and continue to open up. If the US does foolish things, the best thing for China to do is not retaliate. China should continue to open up to the world.

    https://www.globaltimes.cn/page/202207/1271845.shtml

  7. #1807
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    Quote Originally Posted by sabang View Post
    China











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    So in your opinion, the Chinese government is not beating us hands down, in terms of delivering the benefits and profits of society to the average citizen PH?

  9. #1809
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    Quote Originally Posted by sabang View Post
    So in your opinion, the Chinese government is not beating us hands down, in terms of delivering the benefits and profits of society to the average citizen PH?
    No, because it's a totalitarian state where people are afraid to criticize the government for fear of incarceration or worse, you complete fucking idiot.

    Are you the sort of moron that would like to live like that?

  10. #1810
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    Quote Originally Posted by harrybarracuda View Post
    Are you the sort of moron that would like to live like that?
    Obviously not, which is why the clown lives in the comfort of Australia. Clearly, he must be getting some coin from Beijing to shill as hard as he does.

  11. #1811
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    Quote Originally Posted by bsnub View Post
    Obviously not, which is why the clown lives in the comfort of Australia. Clearly, he must be getting some coin from Beijing to shill as hard as he does.
    Well it's either that or he's an abject tosser.

  12. #1812
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    Like taking candy from squealing little babies-


    Meanwhile, economic growth in China has been so strong that -- despite widening inequality -- the incomes of the bottom 50 percent have also “grown markedly,” the economists wrote. Their analysis found that the poorest half of Chinese workers saw their average income grow more than 400 percent from 1978 to 2015. For their American counterparts, income decreased 1 percent.

    “This is likely to make rising inequality much more acceptable” in China, they noted. “In contrast, in the U.S.. there was no growth left at all for the bottom 50 percent (-1 percent).”

    https://www.cbsnews.com/news/usa-china-income-inequality-economic-research/

  13. #1813
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    Quote Originally Posted by Cujo View Post
    It's a free world isn't it ?
    Does anyone complain when Chinese officials visit abroad.
    They are generally invited by the host countries government's official office.

    Have you been successful in travelling on an airline without a valid visa, destination government issued authority?

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    A ship carrying Australian iron ore docked in China’s Shandong province last week. As Australia’s biggest buyer, there’s nothing unusual about that. What was remarkable was how that iron had been paid for.

    The transaction had been in Chinese yuan. Not US dollars.

    The Beijing-controlled Global Times saw this as a small – but significant – victory.

    “Australian firms understand they cannot always play by their own rules in business partnerships with Chinese clients, their largest global buyer, and the use of the Chinese yuan for trade is a positive change,” it quoted East China Normal University Australia Studies director Chen Hong as saying.

    https://www.dailytelegraph.com.au/business/companies/chinas-secret-victory-against-australia-in-trade-war/news-story/3c9a1c37586043364ebe209e8d4f31fb

  15. #1815
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    Quote Originally Posted by sabang View Post
    So in your opinion
    My opinion? My opinion is that being an apologist for a murderous totalitarian regime is vile, any murderous totalitarian will do for you and your two brainless mates.

    Yes, that is my opinion.

  16. #1816
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    Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on August 1, 2022

    "CCTV:

    During the Foreign Ministers’ Meeting of the SCO, foreign ministers of some member states released a joint statement on strengthening the Biological Weapons Convention (BWC) on July 29. Could you offer more details and China’s position on that?

    Zhao Lijian:

    During the SCO Foreign Ministers’ Meeting, the foreign ministers of Russia, China, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan released a joint statement on strengthening the BWC on July 29.


    The joint statement affirms the significance of the BWC for international security, emphasizes the need to comply with and strengthen the Convention, calls for resuming negotiations on a verification protocol, and expresses concern over the absence of a verification mechanism under the BWC framework. The statement expresses support for a balance between security and development and upholding all countries’ lawful rights to the peaceful use of biotechnology. It also notes the initiatives proposed by various parties to enhance global biosecurity governance, including the call by Russia and China to include information on the overseas military biological activities by the BWC States Parties in the reporting form, the Tianjin Biosecurity Guidelines for Codes of Conduct for Scientists put forward by China, and the creation of an International Agency for Biological Safety proposed by Kazakhstan. This joint statement fully demonstrates the parties’ sense of responsibility and firm resolve to practice true multilateralism and strengthen global biosecurity governance.

    Biosecurity bears on the security and development interests of all countries. When putting forward the Global Security Initiative, President Xi Jinping stressed that we need to jointly maintain world peace and security and work together on global challenges such as biosecurity. The BWC Ninth Review Conference will be held at the end of this year. The international community should work in concert for a substantive conference to strengthen the BWC mechanisms and ensure universal compliance. We stand ready to work together with all parties to further advance dialogue and cooperation on biosecurity under the SCO framework, strengthen the BWC mechanisms, and improve the global biosecurity governance system.

    AFP:

    Prime Minister of New Zealand Jacinda Ardern today asked China to condemn Russia’s invasion of Ukraine. She also said that China has a duty to uphold international rules. What is your response?

    Zhao Lijian:

    It is said among Western journalists that “only bad news makes good news”. I noticed that Prime Minister Ardern also made quite a few positive statements on New Zealand’s relations with China. For instance, she has said she would have interaction with China, make in-person visits and lead a business delegation to China. 

    As to your question, China’s position on the Ukraine crisis is consistent and clear. We urge relevant parties to cease hostilities through dialogue and negotiation, and the international community should also create conditions and space for that.

    As to China-New Zealand relations, China and New Zealand are each other’s important cooperation partners. For 50 years since the establishment of diplomatic ties, the bilateral relations have made substantial progress and created many “firsts” in China’s relations with developed countries, bringing tangible benefits to the two peoples. This has set a good example for bilateral relations between countries with different natural endowment and socioeconomic systems and at varied development stages. China is ready to work with New Zealand to seize the opportunities of the 50th anniversary of diplomatic ties, follow the principle of mutual respect and win-win cooperation, carry forward the spirit of “striving to be the first”, promote mutual trust, advance practical cooperation and properly handle differences to work for an even more productive China-New Zealand comprehensive strategic partnership

    Reuters:

    US House Speaker Nancy Pelosi is scheduled to visit Southeast Asia and East Asia this week and Taiwan is not mentioned in her itinerary. What’s China’s comment?


    Zhao Lijian:

    Recently, the Chinese side has repeatedly made clear to the US side our serious concern over Speaker Pelosi’s potential visit to Taiwan and our firm opposition to the visit. We have been stressing that such a visit would lead to serious consequences. As President Xi Jinping stressed to US President Joe Biden in their phone call, the position of the Chinese government and people on the Taiwan question is consistent, and resolutely safeguarding China’s national sovereignty and territorial integrity is the firm will of the more than 1.4 billion Chinese people. The public opinion cannot be defied. Those who play with fire will perish by it.

    We believe that the US side is fully aware of China’s strong and clear message. 

    We are closely following the itinerary of Speaker  Pelosi. A visit to Taiwan by her would constitute a gross interference in China’s internal affairs, seriously undermine China’s sovereignty and territorial integrity, wantonly trample on the one-China principle, greatly threaten peace and stability across the Taiwan Strait, severely undermine China-US relations and lead to a very serious situation and grave consequences. 
    We want to once again make it clear to the US side that the Chinese side is fully prepared for any eventuality and that the People’s Liberation Army of China will never sit idly by, and we will make resolute response and take strong countermeasures to uphold China’s sovereignty and territorial integrity, What the US should do is to abide by the one-China principle and the stipulations of the three Sino-US joint communiqués, fulfill President Biden’s commitment of not supporting “Taiwan independence” and not arrange for a visit by Speaker Pelosi to Taiwan.

    Phoenix TV:

    The Iran nuclear talks have stalled since March. Ali Bagheri Kani, Iran’s deputy foreign minister and chief nuclear negotiator, said on July 31 that Tehran had responded to the EU’s new draft aimed at bringing the US and Iran back to compliance with the Joint Comprehensive Plan of Action (JCPOA) nuclear deal, “to give another chance to the US to demonstrate good faith”. How does China view the prospects of the negotiations?


    Zhao Lijian:

    The negotiations on resuming compliance with the JCPOA are now at a critical juncture. Parties concerned should stay committed to the direction of dialogue and negotiation and step up diplomatic efforts to strive for consensus on outstanding issues. The US, as the one who started the Iranian nuclear crisis, should fully rectify its erroneous policy of “maximum pressure” and respond positively to Iran’s legitimate and reasonable demands, which will help to enable the negotiations to produce results at an early date.

    NPR:
    Two questions about Nancy Pelosi’s visit to Asia. The first is that in her official schedule, she said she’s going to Singapore, Malaysia, South Korea and Japan. There was obviously no mention of Taiwan. What’s China’s take on that? Is that cause for optimism? The second question is, you said the military would not sit by idly. Can you elaborate on that? What are we likely to see if she were to visit Taiwan? 

    Zhao Lijian:

    On your first question, we’ve seen the press release issued by Speaker Pelosi’s office, her own tweets and the press reports. I have made the Chinese government’s position very clear just now. 
    On your second question, Pelosi is the third highest-ranking official in the US government, which means it would be highly sensitive for her to visit Taiwan no matter what. Whatever the timing or way she chooses to go to Taiwan, it will seriously violate the one-China principle and the provisions of the three Sino-US joint communiqués and seriously undermine China-US relations. It will undoubtedly create an egregious political impact.

    If Pelosi visits Taiwan, the Chinese side will respond resolutely and take strong countermeasures to defend our sovereignty and territorial integrity. As for what those measures will be, let’s see what happens if she actually goes.

    Zhao Lijian:

    The Chinese side has repeatedly made clear our serious concern over Speaker Pelosi’s potential visit to Taiwan and our firm opposition to the visit. We will take firm and strong measures to safeguard our sovereignty and territorial integrity. I would like to stress that the one-China principle is what underpins peace and stability across the Taiwan Strait. It is the US side that has kept distorting and hollowing out the one-China policy, making irresponsible remarks and creating factors of tension on the Taiwan question. The US has recently begun to emphasize the importance of upholding all countries’ sovereignty and territorial integrity. We hope the US will honor those words first and foremost on the Taiwan question and refrain from applying double standards."


    Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on August 1, 2022
    A tray full of GOLD is not worth a moment in time.

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    Renminbi gets global currency basket upgrade

    By ZHOU LANXU | China Daily | Updated: 2022-08-02 07:22

    Still remains in third place behind dollar, euro but ahead of yen, pound

    "The enhanced standing of the renminbi as a key global reserve asset will further boost the Chinese currency's accelerated march toward playing a more central role in the international financial governance system, officials and experts said.

    Nevertheless, more reform and opening-up of China's financial markets are still necessary for the renminbi to become a well-acknowledged global currency like the US dollar and the euro, they added.
    Taking effect on Monday, the International Monetary Fund has raised the weighting of the renminbi in the basket of currencies that make up the Special Drawing Rights-an international reserve asset also known as the SDRs-by 1.36 percentage points to 12.28 percent.

    The IMF made the decision for the weighting hike based on developments in global trade and financial markets from 2017 to 2021.After the weighting increase, the Chinese currency continues to hold the third-largest overall share within the SDR basket, behind the dollar and the euro but ahead of the Japanese yen and the British pound.
    As evidence of the hastened progress of the renminbi further integrating with the global financial governance system, experts said the weighting increase will help boost overseas holdings of renminbi-denominated assets and solidify market confidence in the currency.

    Zhang Liqing, director of the Center for International Finance Studies, which is part of the Central University of Finance and Economics, said the upgrade marks the latest progress in the internationalization of the currency.

    As an emerging international currency, the renminbi's roles in acting as a medium of international transactions, a pricing unit and a reserve currency, have appeared in different degrees, though it is still quite behind the dollar and the euro, Zhang said.

    The renminbi has retained its position as the fifth most active currency for global payments by value in June, with a share of 2.17 percent, up from 2.15 percent a month earlier, according to the Society for Worldwide Interbank Financial Telecommunication, or SWIFT.

    As for the renminbi's function as a reserve currency, its share in global foreign exchange reserves has risen to 2.88 percent as of the first quarter, ranking fifth worldwide and marking the highest reading since the IMF began releasing the figures in 2016.

    Moreover, the Chinese currency has also played a bigger role in safeguarding global financial stability as the Bank for International Settlements said in June that it will develop a Renminbi Liquidity Arrangement. The arrangement will act as a yuan reserve pool, from which participating central banks can obtain renminbi liquidity when needed to deal with market volatility.

    The internationalization of the renminbi has somewhat been boosted by the dollar's credibility being challenged, while the renminbi can further act as a safe-haven currency if a global economic recession occurs, Zhang said.

    "More importantly, whether China can seize these opportunities depends on whether the country can make more positive progress in deepening reform and opening-up, especially in terms of financial opening-up," Zhang said."

    Renminbi gets global currency basket upgrade - Chinadaily.com.cn

  18. #1818
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    Quote Originally Posted by panama hat View Post
    My opinion? My opinion is that being an apologist for a murderous totalitarian regime is vile, any murderous totalitarian will do for you and your two brainless mates.

    Yes, that is my opinion.
    Yup, pair of drones.

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    China threatening the USA regarding Pelosi's potential visit to Taiwan certainly has put the world on the edge of its seat. Markets are down, and analysts are wondering what China's air force will do if Pelosi's aircraft heads to Taiwan. China certainly thinks it can control the world, and losing face on their threats might not be an option. Let's hope things settle down and the next few hours will tell.
    Press On Regardless

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    Quote Originally Posted by thailazer View Post
    China certainly thinks it can control the world,


    You are from the US right?

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    Quote Originally Posted by harrybarracuda View Post
    Well it's either that or he's an abject tosser.


    or both

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    Or neither. Are you brats ever going to grow up?

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    Quote Originally Posted by sabang View Post
    Or neither. Are you brats ever going to grow up?
    You cannot like an abject tosser and then complain if folks call you a tosser. It’s how free speech works.


    PS: You are not grown up, you are very, very far from it.

    Tosser.

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    Chinese singlehandedly pull global pollution stats into positive territory

    ^



    Without China’s efforts, the planet would have seen average pollution levels increase instead of fall, says the report by the university’s Energy Policy Institute.



    THEY DESERVE SOME CREDIT

    What was the secret? Restrictions on coal burning, limitations on car usage, and large investment in renewable energy, researchers say. With practical strategies allocated to achieving long and short term targets alike, China is well on its way to transforming from a bad example into a good example for change.

    And yet, let’s face it, China does not receive nearly enough credit for this amazing feat.

    China is often identified as the world’s worst polluter (see image below, from the Economist). However, the response to that should be to say: Of course it is: what would you expect since it is the largest manufacturer and hosts the largest population? For a fair picture, see the same statistic viewed on a per person basis: China is not even in the per capita top 40, as measured by Worldometer.

    It can be argued that no major country is doing enough to fight climate change, including China – yet the Chinese are making measurable efforts. They began by planting billions of trees. While the world worries about the erosion of the Amazon, forest coverage in China has increased by 12% since the 1980s. There’s also been much progress in developing wind and solar energy – and producing smaller, safer, nuclear power plants.

    The International Energy Agency deemed China to be a major contributor for bringing down global costs for solar photovoltaics, many of which are made in Xinjiang. The country has also tightened restrictions, implementing strict laws and higher penalties.

    The aim is to peak carbon emissions by 2030 and achieve carbon neutrality in 2060. China also actively participates in global talks to combat climate change, and reprimanded the U.S Supreme Court for its decision to constrain the power of the Environmental Protection Agency.

    Finally, the Chinese educate the younger generation about the importance of the environment, preparing them to create a cleaner future. It is mandatory for primary and secondary schools across China to provide a “green education” concerning environmental topics.

    STEREOTYPE PERSISTS

    Yet, despite all this, the stereotype persists: the tales of children never having seen a blue sky in their life, of air pollution in Hong Kong being blown in from the mainland, of the Chinese being involuntary smokers.

    Despite my associate’s comments, my trip to Beijing was rather delightful. The city was not enveloped in thick smog at all, and the sky was reasonably clear. When will the real story be told?

    Slowly, the truth will emerge. Back in Hong Kong, a friend showed me a recent headline in Bloomberg: “London pollution worse than Beijing…”






    Chinese singlehandedly pull global pollution stats into positive territory – Fridayeveryday
    Last edited by sabang; 03-08-2022 at 07:34 AM.

  25. #1825
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by sabang View Post
    Or neither. Are you brats ever going to grow up?
    Oh shut up you abject tosser, you are laying in a bed of your own making. Probably having a wank.

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