71–80 of 270 posts
Earlier quoted context omitted.
>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.
Regardless of whatever equivalence you’re trying to make: the US is never going to sanction itself.
Earlier quoted context omitted.
And that in turn might cause them to start a war... Because when the regime has nothing to lose all bets are off, even though it makes no sense whatsoever. They will have to distract from their culpability somehow.
The ever centralisation around one man is incredibly short sighted. The Chinese system used to be much more sophisticated, having both a very capitalistic view of the world and a very communistic view. They have completely lost half of that and even the communism will disappear if things start going wrong - all that will be left is maintaining the dictatorship at all costs.
Have been hearing these kind of "capital flight" stories for decade plus now somehow big financial institutions keep pushing more FDI into China. See 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.
The article is talking about retail banking, which is different from investment into stocks and shares. It's perfectly possible to have retail banking customers living abroad removing large amounts of capital from China, while at the same time foreign investors are injecting large amounts of capital into China. Two different flows. I think the biggest impact is going to be places like Australia that benefit greatly f…
I wonder what the billionaires do to get their money out? Do they pay people to travel with jewellery that gets sold for foreign currency once it's outside China? Do they overpay for imported goods and get the difference paid into a Swiss bank account? It's always interesting to me how really wealthy people pay for loopholes
Buy crypto in China, sell it abroad. At least that was one approach. Note if you do it fairly quickly it doesn't matter what the value of the crypto is, just the liquidity. Another way is 'business' investments in other SE Asian countries, that then get liquidated and moved further abroad. China does a lot of business with S. Korea for example. If you have an export company, and China exports a lot, you can hold a po…
I heard this many times and I can’t figure out how it works. Crypto is sortof banned in China for a while for this reason and yet it’s still a route to take money out of China. But how? Who is going to give you crypto for yen in China?
Earlier quoted context omitted.
And that in turn might cause them to start a war... Because when the regime has nothing to lose all bets are off, even though it makes no sense whatsoever. They will have to distract from their culpability somehow.
The ever centralisation around one man is incredibly short sighted. The Chinese system used to be much more sophisticated, having both a very capitalistic view of the world and a very communistic view. They have completely lost half of that and even the communism will disappear if things start going wrong - all that will be left is maintaining the dictatorship at all costs.
In an alternate timeline, one can imagine what a democratic China would look like:
- Silicon Valley would have been long overtaken by Shenzhen
- Chinese media would have been a strong rival to South Korea’s
- the Chinese domestic market would have been opened up to the world long ago
- Taiwan would willing reunify with the mainland. There would be no looming war
Have been hearing these kind of "capital flight" stories for decade plus now somehow big financial institutions keep pushing more FDI into China. See 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.
Further, fdi is a small part of the economy. Something like 400 billion dollars a year if you believe the Chinese figures that are most optimistic.
So there can exist at the same time, foreign capital that wants to invest in the country and domestic capital that wants out. Even if it’s just the same proportion as the economy you’d see large capital flight.
The real question is what would happen if China liberalized its currency? Would that power investment more than it caused rapid flight? Who knows but every time the yuan opens a little trillions flows out of the country and the currency regime gets more conservative again.
I wonder what the billionaires do to get their money out? Do they pay people to travel with jewellery that gets sold for foreign currency once it's outside China? Do they overpay for imported goods and get the difference paid into a Swiss bank account? It's always interesting to me how really wealthy people pay for loopholes
https://www.cbc.ca/books/wilful-blindness-1.6136088 Organized Crime in places like Vancouver smuggles drugs into Canada, the funds are laundered in casinos and real estate, and the money is transferred from the Wealthy in China to OC in China, and the wealthy investor gets clean cash and houses in Canada.
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
Earlier 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.