Live data from Hacker News

Chinese banks cause alarm as capital flight measures intensify

asiamarkets.com

161–170 of 270 posts

Re: Chinese banks cause alarm as capital flight measures intensify

#161
post #104

Earlier quoted context omitted.

I think he meant that Russia is pretty much surrounded by NATO allies, excluding of course China and this is something Russia is not to happy about (stated this many times in the past as NATO was expanding).

> I think he meant that Russia is pretty much surrounded by NATO allies, excluding of course China And Kazakhstan. And Mongolia. And North Korea. And Belarus.

> > NATO allies, excluding

> And Mongolia

https://www.state.gov/u-s-relations-with-mongolia/

> Bordered by Russia and China, Mongolia describes the United States as its most important “third neighbor.” In 2019, the United States and Mongolia upgraded their bilateral relationship to a Strategic Partnership.

> Mongolia deployed troops to Iraq from 2003 through October 2008. In Afghanistan, Mongolian soldiers supported Coalition operations for 18 years, with withdrawal underway in 2021 in coordination with the planned exit of U.S. forces. Training and equipment provided by the U.S. government support the professionalization of Mongolia’s defense forces and their continued engagement in United Nations peacekeeping operations. The United States military also regularly participates in Mongolia-hosted peacekeeping and humanitarian relief exercises, including the annual Khaan Quest exercise.

Seems like an "ally" to me.

> Kazakhstan

And while not as close, still maybe an "ally"?

https://www.state.gov/u-s-relations-with-Kazakhstan/

> In the years since Kazakhstan’s independence, the two countries have developed a strong and wide-ranging bilateral relationship, jointly referred to as an enhanced strategic partnership since 2018.

> Kazakhstan’s military participates in U.S.-funded military exercises like Steppe Eagle, Viking, Eager Lion, and Shanti Prayas.

---

> North Korea

The Russian border with North Korea is about 20 miles long.

Re: Chinese banks cause alarm as capital flight measures intensify

#162

Earlier quoted context omitted.

I mean technically people can’t own land in China, they’re just leasing it from the government. This assumption has been baked into real estate prices but people bid it up anyways.

> technically people can’t own land in China, they’re just leasing it from the government So it works like land in the UK, which is all owned by the King of England, but which is "leased" from him?

Chinese land grants are limited in time. For instance residential leases last 70 years.[1] This means that the first leases granted after the communist revolution in 1949 are going to run out in 6 years.

[1] https://en.wikipedia.org/wiki/Property_law_in_China#Obtainin...

Re: Chinese banks cause alarm as capital flight measures intensify

#163
post #55

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.

When exactly did US invade Ukraine? (And at least here at HN you avoid the most obvious propaganda cliches) https://en.m.wikipedia.org/wiki/Where_have_you_been_for_eigh...

You call it a cliche, not a lie ;-)

Re: Chinese banks cause alarm as capital flight measures intensify

#164
post #146

Earlier quoted context omitted.

Decoupling has already started and is accelerating. It’s possible to be mostly done within 8 years

My pants were made in China, and now they are made in Mexico. Mexico is optimally aligned, with a shared historical/cultural ethos, and desire for NA stability, too. Also, it solves a problem; one cannot wage war without pants. Well, unless you are General Buck Naked... But my point is, manufacturing is returning to the West, which also has low cost production zones. And imagine, a revitalized Mexico, with the cartel…

I think you need to read what decoupling means and how the term applies to trade with China unless you’re replying to the wrong comment.

Re: Chinese banks cause alarm as capital flight measures intensify

#165

Earlier quoted context omitted.

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.

[flagged]

Maté, the self-declared non-expert on Russia or Ukraine[1], still spouting nonsense about Russia. You'd be foolish to believe anything this mouthpiece of the Syrian government says.

[1] https://twitter.com/neil_abrams/status/1629925278905520135

Re: Chinese banks cause alarm as capital flight measures intensify

#166
post #104

Earlier quoted context omitted.

I think he meant that Russia is pretty much surrounded by NATO allies, excluding of course China and this is something Russia is not to happy about (stated this many times in the past as NATO was expanding).

If they were really scared of more NATO invading Ukraine is the fastest way to get a larger border with NATO (win or lose).

I think they were planning to set up a puppet government as a buffer. Throw out the "nazis", "restore" the "rightful" something something... even just making the Donbass republics a real thing would have helped. Reality intervened, obviously. I bet they weren't betting on Finland bidding to join NATO, either.

Re: Chinese banks cause alarm as capital flight measures intensify

#167

Earlier quoted context omitted.

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.

After the revelations of Seymour Hersh I'm not sure if Europe will side with the US in the future.

The 'revelation' that's already debunked?

Re: Chinese banks cause alarm as capital flight measures intensify

#168

Earlier quoted context omitted.

The west will only shoot its own foot with such sanctions. World economy melted down after sanctioning Russia. Imagine sanctioning China, the country which the entire world depends on for the cheap consumer goods that keeps the engine of capitalism running.

It’s definitely the end of the US dollar as the global reserve currency, but you’re acting as if we had a choice when idiot dictators are committing shortsighted mayhem. Decoupling will be painful, but not as painful to the US as it will be to China.

It'll be painful for the entire world including US citizens which elect future presidents.

Re: Chinese banks cause alarm as capital flight measures intensify

#169
post #150
post #130

Earlier quoted context omitted.

Why would USD dominance diminish? Something like 90% of IP is based out of the US. Chinese education system is a complete joke (as evidence by brain drain).

Because having a global reserve currency strongly relies on network effects and USD share in international trade is failing steadily? How much of this IP heap is an utter trash like software patents and patents on black rectangles generated just to be added to a patent pool? From my (surface-level) understanding school-level education in the US has much bigger troubles compared to China, but luckily for the US it get…

You sound very anti-American.

Re: Chinese banks cause alarm as capital flight measures intensify

#170

Earlier quoted context omitted.

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.

Deng Xiaoping created the seeds of destruction for his reforms when he crushed the peaceful democracy protesters in Tiananmen. This has led to mess after mess with Jiang Zemin, leading eventually to the biggest disaster of them all: Xi 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…

What a shame that world didn't realize. Maybe in the next fourth years.
Post reply on HN