Looks like a crypto currency event might be happening if the 2009 Greek govt and banking collapse was anything to go by. Looks like we'll be seeing just how underground crypto currency is with the Chinese Rich. Anyone spotting any patterns to confirm in the blockchains? https://www.scmp.com/tech/policy/article/3196781/chinas-cryp...
Chinese banks cause alarm as capital flight measures intensify
51–60 of 270 posts
Re: Chinese banks cause alarm as capital flight measures intensify
#52Earlier quoted context omitted.
That possibility makes me really nervous. A few weeks ago I was pretty sure that Beijing would not be that stupid, and simply stick with sending tons of dual-use goods, to keep up the plausible deniability. But Chinese rockets hitting Ukrainian kids in Kyiv/Europe? That would trigger dramatic sanctions. I don't think that is priced into the current world stock market.
It's not stupid. It's bold and almost risk-free. The US aren't the only people allowed to do proxy wars.
Re: Chinese banks cause alarm as capital flight measures intensify
#53Earlier quoted context omitted.
That possibility makes me really nervous. A few weeks ago I was pretty sure that Beijing would not be that stupid, and simply stick with sending tons of dual-use goods, to keep up the plausible deniability. But Chinese rockets hitting Ukrainian kids in Kyiv/Europe? That would trigger dramatic sanctions. I don't think that is priced into the current world stock market.
It's not stupid. It's bold and almost risk-free. The US aren't the only people allowed to do proxy wars.
Re: Chinese banks cause alarm as capital flight measures intensify
#54Earlier quoted context omitted.
That possibility makes me really nervous. A few weeks ago I was pretty sure that Beijing would not be that stupid, and simply stick with sending tons of dual-use goods, to keep up the plausible deniability. But Chinese rockets hitting Ukrainian kids in Kyiv/Europe? That would trigger dramatic sanctions. I don't think that is priced into the current world stock market.
It's not stupid. It's bold and almost risk-free. The US aren't the only people allowed to do proxy wars.
Just those two factors amount to material risk.
Re: Chinese banks cause alarm as capital flight measures intensify
#55Earlier quoted context omitted.
Could be in preparation for supplying arms to Russia.
That possibility makes me really nervous. A few weeks ago I was pretty sure that Beijing would not be that stupid, and simply stick with sending tons of dual-use goods, to keep up the plausible deniability. But Chinese rockets hitting Ukrainian kids in Kyiv/Europe? That would trigger dramatic sanctions. I don't think that is priced into the current world stock market.
Why? We haven't sanctioned the US for the children killed by Ukraine with US weapons in the Donbass.
Re: Chinese banks cause alarm as capital flight measures intensify
#56Earlier quoted context omitted.
In other places in the past, it was often done by bribing an official to ignore a wire transfer. Today in China? I don't know.
You don't need an official to authorize personal expenditures on an Amex Centurion black card. This is why staff at luxury clothing stores in Venice speak Chinese.
Re: Chinese banks cause alarm as capital flight measures intensify
#57Are the increasingly tight capital controls a precursor to a war with Taiwan or because the CCP expects some other shock to occur? Is their economy expected to crash for some other reason or is this simply dictatorships love centralised control over everything especially capital?
Could be all of the above, but for at least a year I have been reading how the real estate bubble that's underpinning the Chinese growth economy is starting to pop with the potential to bleed into the banking system, e.g. [0] If this happens, and is at bad as some analysts say it could be, then the model propping up the CCP effectively ends [1] and they'll have bigger things to worry about than re-unification or tari…
Re: Chinese banks cause alarm as capital flight measures intensify
#58See i'm not an economist but you can't that sounds a bit counter intuitive too me. One story says China has capital flight and you have other stories talking about more and more Foreign directed investment into China.
Re: Chinese banks cause alarm as capital flight measures intensify
#59Earlier quoted context omitted.
That possibility makes me really nervous. A few weeks ago I was pretty sure that Beijing would not be that stupid, and simply stick with sending tons of dual-use goods, to keep up the plausible deniability. But Chinese rockets hitting Ukrainian kids in Kyiv/Europe? That would trigger dramatic sanctions. I don't think that is priced into the current world stock market.
>But Chinese rockets hitting Ukrainian kids in Kyiv/Europe? That would trigger dramatic sanctions. Why? We haven't sanctioned the US for the children killed by Ukraine with US weapons in the Donbass.
Re: Chinese banks cause alarm as capital flight measures intensify
#60Earlier quoted context omitted.
It's not stupid. It's bold and almost risk-free. The US aren't the only people allowed to do proxy wars.
Bought fully into the Russian propaganda then… you’d do well to listen to pretty much any interview by Fiona Hill and you’d quickly realise there’s nothing the US wants less than borders starting to be changed by wars; there are so many disputed lines that it could lead to conflicts all over the world. China starting a proxy war with the US and Europe is going to be extremely bad for business.
I think it's a major mistake to talk about any country as if it's one homogenous, unanimous entity. There are those in the US, and elsewhere, who stand to make a great deal of out of money from war.