IDQWE001

IDQWE001 | Joined since 2023-02-23

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General

2023-03-21 13:42 | Report Abuse

Xi Jinping warns Joe Biden against 'playing with fire' over Taiwan in call between US, China presidents
Posted Fri 29 Jul 2022 at 3:15amFriday 29 Jul 2022 at 3:15am, updated Fri 29 Jul 2022 at 9:56am

Conclusion: CCP betrayed Chinese by surrendering ancient land 100 times as large as Taiwan to his communist daddy.

General

2023-03-21 13:07 | Report Abuse

Xi Jinping says Taiwan 'must and will be' reunited with China
Published 2 January 2019

Conclusion: CCP betrayed Chinese by surrendering ancient land 100 times as large as Taiwan to his communist daddy.

General

2023-03-21 12:57 | Report Abuse

1991年,中国和苏联界定双方界线,海参崴被官方承认是苏联的领土。2001年,我国再次确认了海参崴是俄罗斯的领土。今天,海参崴是俄罗斯滨海边疆区首府。海参崴是俄罗斯远东地区最重要的城市,也是俄海军太平洋舰队司令部所在地。现在海参崴本地总人口约60万人,主要是俄罗斯人和中国俄罗斯族人,人口规模相当于我国的一个中小县城。海参崴离开祖国已有160多年,现在这座城市几乎看不到中国元素了。

Conclusion: CCP betrayed Chinese by surrendering ancient land 100 times as large as Taiwan to his communist daddy.

General

2023-03-21 12:32 | Report Abuse

China-Taiwan tensions: Xi Jinping says 'reunification' must be fulfilled
Published 9 October 2021

Conclusion: CCP betrayed Chinese by surrendering ancient land 100 times as large as Taiwan to his communist daddy.

General

2023-03-21 11:41 | Report Abuse

Conclusion: CCP betrayed Chinese by surrendering ancient land 100 times as large as Taiwan to his communist daddy.

General

2023-03-21 11:31 | Report Abuse

More than Taiwan, is China eyeing to grab Russian far east?
Why China might be thinking of grabbing part of Russia?

The report states that while Russia forces are busy in their conflict with Ukraine, the best strategic thing for China is to press along China’s 2,615 mile frontier with Russia, and grab territory there.

China’s view on Russia-Ukraine war

However, contrary to the report, NPR news says that China has refused to criticise Russia’s war in Ukraine, with Xi Jinping seeking assurances from Vladimir Putin that Russia’s war will not further destabilise regional security and economic development.

Nikkei Asia, however states that China, is seeking to distance itself from Moscow.

China-Russia history

For the unversed, China and Russia have bickered and battled over their shared border for centuries. The Forbes report says that amid escalating tensions, China could very well demand that Russia return Vladivostok as well as some 23,000 square miles of former Chinese territory Russia has held since 1860.

Present condition

“With Russia’s military reputation in tatters, and the Russian Army reduced to begging for supplies from Iran and a motley band of ex-Soviet states, there is little left in the conventional Russian arsenal to deter Chinese military aggression,” states Forbes

General

2023-03-21 11:25 | Report Abuse

Which country occupied China land? US or Europe ? No, it is Russia. Russia occipied Far East land as big as 100 times of Taiwan.

General

2023-03-21 11:21 | Report Abuse

United Nation, NATO and AUKUS and Africa closer together by strengthening economic cooperation and promoting sustainable development, with continents co-existing in peace, security, democracy, prosperity, solidarity and human dignity. Against this backdrop, all partners are determined to work together on a strategic, long-term footing to develop a shared vision for the world relations in a globalised world.

General

2023-03-21 11:16 | Report Abuse

One hundred forty-one countries condemned Russia’s invasion of Ukraine in a vote in the UN General Assembly.

General

2023-03-21 09:37 | Report Abuse

Putin Abandons Mankind

n the same vein, the 1991 breakup of the Soviet Union and the subsequent expansion of NATO turned Putin against the West. The Russian president has said that the greatest catastrophe of the 20th century was the dissolution of the Soviet Union, greater than World War I and II during which roughly thirty million Russians lost their lives. We have ample evidence that his current strategic fury in attacking Ukraine is also reflected in his tirades against the West and all he perceives as slights against Russia’s greatness.

In a polarized world, Putin is hailed by many in Russia as the savior of the greater Russia and despised by those who see him as an autocratic current-day czar who is stopping Russia from modernizing. And Luther? Roland Bainton, specialist in Reformation history, wrote: “His followers hailed him as a prophet of the Lord and the deliverer of Germany. His opponents on the Catholic side called him the son of perdition and the demolisher of Christendom.”

Has Putin, like Luther, “contracted out of the conversation of mankind?” Has his single-mindedness of purpose in pursuing his cause allowed him to pursue his goal with no concern for the consequences?

Putin has “contracted out of the conversation with mankind” by challenging fundamental international norms. Among the accepted principles and rules that Putin has violated in his self-understanding are: human rights; humanitarian law; the charter of the United Nations; the use of force except in self-defense; the use of illegal weapons; Ukraine’s existence as a sovereign state as accepted by the Soviet Union and the 1975 Helsinki Agreements.

One hundred forty-one countries condemned Russia’s invasion of Ukraine in a vote in the UN General Assembly. Putin and Russia are being investigated in numerous tribunals for violating jus ad bellum as well as jus in bello. If Oakeshott concludes the quotation with Luther being “unable to survive in conduct inter homines,” Putin and Russia have become international pariahs.

General

2023-03-21 08:46 | Report Abuse

U can keep on repeating those rubbish but u can't change the facts.

General

2023-03-20 21:41 | Report Abuse

My Videos are those who appreciate and want to find facts. In fact, CCP made thousands of videos in Tik Tok to bad mouth Western per year.

General

2023-03-20 21:39 | Report Abuse

Beginning on 5 May 2020, Chinese and Indian troops engaged in aggressive melee, face-offs, and skirmishes at locations along the Sino-Indian border, including near the disputed Pangong Lake in Ladakh and the Tibet Autonomous Region, and near the border between Sikkim and the Tibet Autonomous Region. Additional clashes also took place at locations in eastern Ladakh along the Line of Actual Control (LAC).

In late May, Chinese forces objected to Indian road construction in the Galwan river valley. According to Indian sources, melee fighting on 15–16 June 2020 resulted in the deaths of Chinese and Indian soldiers.Media reports stated that soldiers were taken captive on both sides and released in the coming few days while official sources on both sides went on to deny this.On 7 September, for the first time in 45 years, shots were fired along the LAC, with both sides blaming each other for the firing. Indian media also reported that Indian troops fired warning shots at the PLA on 30 August.

Partial disengagement from Galwan, Hot Springs, and Gogra occurred in June–July 2020 while complete disengagement from Pangong Lake north and south bank took place in February 2021.Following disengagement at Gogra in August 2021, Indian analysts pointed out that the LAC has shifted westwards at patrol point 17A (PP 17A).

Amid the standoff, India reinforced the region with approximately 12,000 additional workers, who would assist India's Border Roads Organisation in completing the development of Indian infrastructure along the Sino-Indian border. Experts have postulated that the standoffs are Chinese pre-emptive measures in responding to the Darbuk–Shyok–DBO Road infrastructure project in Ladakh.China has also extensively developed its infrastructure in these disputed border regions and is continuing to do so.The revocation of the special status of Jammu and Kashmir, in August 2019, by the Indian government has also troubled China.However, India and China have both maintained that there are enough bilateral mechanisms to resolve the situation.This includes multiple rounds of colonel, brigadier, and major general rank dialogue, special representatives' meetings, meetings of the 'Working Mechanism for Consultation and Coordination on China-India Border Affairs' (WMCC),and meetings and communication between their respective foreign and defense ministers. On 12 January 2022, the 14th corps-commander-level meeting at Chushul-Moldo Border Personnel Meeting (BPM) point took place. Following the Galwan Valley skirmish on 15 June, some Indian campaigns about boycotting Chinese products were started.Action on the economic front included cancellation and additional scrutiny of certain contracts with Chinese firms, and calls were also made to stop the entry of Chinese companies into strategic markets in India.By November 2020, the Indian government had banned over 200 Chinese apps, including apps owned by Alibaba, Tencent, Baidu, Sina, and Bytedance.

General

2023-03-20 21:36 | Report Abuse

India will follow US as global supply chain realigment benefit them eg. Apple will assembly in India.

General

2023-03-20 19:59 | Report Abuse

All these videos not for fake Malaysian red army cina man, China platform with only 1 voice is suitable for u.

General

2023-03-20 19:29 | Report Abuse

中国韭菜彻底迷茫了,失业潮爆发恶习复燃,无工可打内卷到家,死要面子活受罪,这就是吹牛皮付出的代价,这样下去怎么得了#失业潮 #找工作 #房价暴跌

https://youtu.be/UIB52PM25dI

General

2023-03-20 19:25 | Report Abuse

谁来救救我们啊?经济萧条国企也发不出工资,银行现在连脸都不要了,找不到工作都睡大街,房价暴跌实体店倒闭,从来没想到今年这么惨

https://youtu.be/41BkR2inBSk

Lets listen to local China people voice and not from a fake Malaysian red army cina man.

General

2023-03-20 18:25 | Report Abuse

communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society. Communism is thus a form of socialism—a higher and more advanced form, according to its advocates. Exactly how communism differs from socialism has long been a matter of debate, but the distinction rests largely on the communists’ adherence to the revolutionary socialism of Karl Marx.

Like most writers of the 19th century, Marx tended to use the terms communism and socialism interchangeably. In his Critique of the Gotha Programme (1875), however, Marx identified two phases of communism that would follow the predicted overthrow of capitalism: the first would be a transitional system in which the working class would control the government and economy yet still find it necessary to pay people according to how long, hard, or well they worked, and the second would be fully realized communism—a society without class divisions or government, in which the production and distribution of goods would be based upon the principle “From each according to his ability, to each according to his needs.” Marx’s followers, especially the Russian revolutionary Vladimir Ilich Lenin, took up this distinction.

A proven failure system not originated from China.

General

2023-03-20 18:21 | Report Abuse

n future United Nation, NATO and AUKUS call for better partnerships between governments, multilateral organizations, the private sector, and civil society; and an emergency platform to better prepare for global crises, with stronger global health security.

General

2023-03-20 17:56 | Report Abuse

Posted by xiaoeh > 32 minutes ago | Report Abuse

One is up hold China 2000 years of wisdom and trying to live with the wisdom where the other is denied it and created their own ideology.

Ans: well Said. CCP original from outsider. There is difference between CCP & Chinese.

General

2023-03-20 17:14 | Report Abuse

Malaysian red army cina man a real rubbish just ignoring the facts.

General

2023-03-20 15:48 | Report Abuse

when Malaysian red army cina man keep on telling US Bonds are rubbish ... this is what happen when US interest rate hike but China interest rate drop.

General

2023-03-20 15:46 | Report Abuse

北京20日彭博电)境外投资者2月份继续大幅减持中国债券。当月美中国债利差走阔,继续推动外资流出,而中国经济重开交易的退潮、人民币走软和资金价格波动加大也降低了中国债券的吸引力。

中国人民银行上周五发布的公告显示,2月末境外机构在银行间债券市场的托管余额为人民币3.20兆元,约占银行间债券市场总托管量的2.5%。与1月末的3.28兆元相比,托管余额减少约800亿元。

《彭博社》根据中债登公布的数据计算显示,从券种来看,外资当月净减持国债约657亿元,接近1月创下的663亿元的历史最大单月减持量;截至2月末,外资占中国国债全部持仓的比例降至8.5%。同时,外资亦净减持政策性银行债约176亿元。在投资占比不高的其他券种上,外资小幅增持82亿元同业存单;增持4亿6500万元地方政府债券。

2月因市场上调联储局加息峰值预期,美债回酬率、美元大幅上扬,人民币累计贬值2.6%。而随著春节后工厂重新开工,当月中国信贷需求旺盛,造成银行间市场流动性持续偏紧,回购利率波动性创下历史新高。

澳纽银行资深中国策略师邢兆鹏表示,上个月主要是指数投资者被动减持中国国债,“因全球主要债券指数下跌,造成对政府债券的抛售”,“在联储局释放出明确的停止加息信号之前,外资料继续减持中国债券”。

东方汇理银行经济学家治晓佳此前也在采访中指出,2月人民币贬值,且受流动性环境影响及中资大行大量信贷投放挤占银行间资金融出能力,导致境内资金价格大幅波动,均不利于外资持仓。

本月矽谷银行倒闭引发资产价格和预期大幅振荡,给外资流向带来更多变数。在银行股的动荡之后,联储局等6家全球主要中行周日宣布采取协调行动,以增强常设美元互换安排的流动性供应。此外人行宣布自3月27日起下调金融机构存款准备金率25个基点,进一步释放长期流动性,料能短期提振境内债市情绪。

邢兆鹏表示:“考虑到当前银行流动性危机料将对联储局加息形成制约,叠加中美利差收窄,预计后续境外投资者减持中国国债将放缓。”

General

2023-03-20 14:07 | Report Abuse

The UN Population Division and Goldman Sachs predicted in 2011 that Chinese middle class will be four times larger than the American middle class population by 2030. Sure, but it is not because Americans are getting poorer; the Chinese are just getting richer. And middle class people seem to think along the same line. They want assurance from their leaders.

The political silver lining (for the US) in the rise of China’s middle class is that as they accumulate more power, they will challenge their Politburo, the main authority in China.

The uncertainty of this situation will likely pressure many rich middle class Chinese to invest in a more transparent environment like the US, not unlike the substantial migration of investments that happened from Hong Kong to Canada before the colony was handed to the mainland in 1997.

Yet another simmering issue for China is that most of its middle class are concentrated on the few, rich cities. How much stress these cities can take—we’ve seen the severity of Beijing’s air pollution—we can only imagine.

Compare that to the American middle class who are fairly spread out across the country, the opportunity to create dynamic pools of economic activities in more places is one of the country’s unrecognized but true economic strengths.

Money-wise, the rising middle class in China will spill over to the US economy. More Chinese are likely to spend in the world’s number one biggest economy (makes sense) and more US companies will sell more in world’s second biggest economy, China.

These political, demographics and economic factors only add, not subtract, to the strength of the US economy.

The yuan is already being traded directly between China and two other countries: Australia and Japan. That means, both countries do not need US dollars to trade with China.

Does it mean the yuan is gradually encroaching into the dollar reserves of other countries? Yes and no. The encroaching only goes as far as the bilateral trade between China and that other country.

In world trade, the US will exert friendly pressure to maintain the dollar as the exchange currency, and the rest of the world other than perhaps North Korea, Iran, and China will not likely mind.

A Bloomberg report last February seemed ominous: China’s total trade in goods of $3.87 trillion barely surpassed the US $3.82 trillion. It is a first when taken at face value. But the significance is easily lost when services trade is cost in; the US total trade jumps to $4.93 trillion with a surplus of $195.3 billion in that sector.

Manufacturing is China’s main strength, but world trade also involves a big chunk of financial, science, intellectual property, and information technology trade among others. For the yuan to replace the dollar in world trade, China has to go past making cheap products, it seems.

Yes, China is embarking in infrastructure development, exporting its construction and engineering to mostly developing countries. But that’s a long road to take and one that will face stiff competition from the US apart from the other reasons we mentioned above.

The world’s reserve currency had always gravitated to the country or empire that dominated its neighbors. The ancient Greece’ silver drachma, the Roman-issued coins, the Byzantine’s gold solidus, and the Arabian dinar were some of the dominant currencies during their respective ancient reigns.

In modern history, the Spanish silver coin and the British Empire’s pounds had exerted their influence across the globe.

There is one underlying common thread among these past reserve currencies: they are distributed mainly across their empires, an unstable grouping of colonies and conquered markets. This means that their reserve currency was dependent on their ability to maintain their empires; once their empire lost power, so did their currency.

That exactly what happened to these empires, as when Britain lost most of its colonies after the Second World War, just when the dollar took over.

As for the dollar, the landscape cannot be farther from the historical trend. The US dollar is built on the strength of a single, solid market of Americans who buy and sell stuff. That’s a huge starting point; add to that the collective historical, cultural, and political ties of the Western countries to the US.

Perhaps it is a historical first that a universal currency is being used by the largest pool of consumers who belong to a country, and more importantly, who will defend this country from outside threats.

The US dollar sits on a solid bedrock of its over 310 M population, while the yuan is spread across 1.3 B Chinese who will start demanding more rights from their government as they get richer.

Will the dollar dissipate from being a world reserve currency as the sterling pound soon? Only as probable as California declaring war on Nevada.

General

2023-03-20 14:06 | Report Abuse

Why Yuan Won’t Replace Dollar as Reserve Currency

the dollar is soaring as consumer spending hits a six-year high and the Feds plans to ease out its stimulus plan.

When Americans spend the US economy gets stronger, as shown in this article why buying stuff is good for the country and stashing cash under your bed is bad.

To be clear, and to the credit of the CNBC report, the dollar is still the major reserve currency. It holds 62% of the world’s aggregated reserve currency. In short, most of the central banks in other countries hold a lot of dollars for the capital market.

The yuan is not even among the next top four reserve currencies: the euro, yen, pound sterling, and Swiss franc.
How many people truly understand the dynamics behind the yuan? Maybe as many as the 35 members of China’s State Council.

The lack of transparency will be the main drawback against the yuan. Stability is the biggest factor why countries gravitate to the dollar, which has not been devalued ever.

The yuan, on the other hand, is tightly controlled by China, even as Western countries led by the US call for more liberalization of the yuan.

As late as last April, China was insisting on market interventions, sprucing up the yuan to avoid a disruption as the world’s second largest economy shifts from export dependence to domestic consumption.

In short, the yuan is yet to grow up, an infant that is vulnerable without the nanny government. Compare that to the dollar, which is a full-grown adult that can confidently walk in the rough streets of open markets.

Expecting China to loosen its grip on the yuan is like hoping for its Politburo to hold democratic elections soon.

General

2023-03-19 22:54 | Report Abuse

UN, EU, NATO & AUKUS contributed 60% with supply chain realignment ASEAN will join. Total GDP 80% will defeat power crazy dictators evil axis.

General

2023-03-19 21:42 | Report Abuse

UN, NATO & AUKUS destroy power crazy dictators evil axis.

General

2023-03-19 15:31 | Report Abuse

I rather listen to local China people than Malaysian red army cina man.

General

2023-03-19 08:50 | Report Abuse

Any country committed war crime doesn't mean other country could commit war crime.

Any country is hegemony doesn't mean other country could behave like hegemony.

2 wrong dont't make a right.

General

2023-03-18 23:19 | Report Abuse

WASHINGTON: The US State Department signalled Wednesday it would let Taiwan’s president Tsai Ing-wen visit California to meet with House Speaker Kevin McCarthy, downplaying the significance of the event in the face of protests by China.

McCarthy confirmed Tuesday that he would see Tsai in his home state, sidestepping a potential visit by the top Republican to Taiwan that policymakers there feared could provoke a military response from Beijing.

General

2023-03-18 17:14 | Report Abuse

China & Russia are evil alliance. No room for them.

General

2023-03-18 07:48 | Report Abuse

The court has issued arrest warrants for the Russian president and another senior official over the forcible deportation of Ukrainian children.
The International Criminal Court (ICC) issued arrest warrants for Russian President Vladimir Putin and the country’s children’s rights commissioner, Maria Lvova-Belova, over allegations that Ukrainian children have been deported from occupied territories to Russia, which could constitute a potential war crime.
The existence of the warrants was made public in the interest of justice and in a bid to deter future crimes, ICC President Piotr Hofmanski said in an announcement on Friday, but the details of the allegations remain under seal to protect the victims. Although individual Russian soldiers have been found guilty of war crimes in Ukrainian courts, the warrants represent the first international charges to be brought against senior Russian officials since its invasion of Ukraine last February.

At least 6,000 Ukrainian children are thought to have been held in a vast system of camps and other facilities in Russian-occupied Crimea and within Russia itself, according to a report released last month by researchers at the Yale School of Public Health. Some have been singled out for reeducation to make them more pro-Russian, according to the report, while others have been put up for adoption or placed with foster families in Russia—in a move that the researchers concluded could constitute a potential war crime under the Geneva Conventions.

Lvova-Belova, Russia’s children’s rights commissioner, claimed to have adopted a teenage boy from the besieged Ukrainian city of Mariupol.

“This is a strong signal to the whole world, not just a political statement but a legal statement, that Putin is a suspected war criminal and whoever decides to deal with him will know about this fact,” said Oleksandra Matviichuk, head of the Kyiv-based Center for Civil Liberties, which won the 2022 Nobel Peace Prize.

General

2023-03-18 06:44 | Report Abuse

The United States has proposed a "Chip 4" alliance with South Korea, Japan and Taiwan to build a semiconductor supply chain, the Seoul Economic Daily reported, citing anonymous South Korean government officials and industry sources. The move is also part of U.S. efforts to curb the growth of China's chip industry.

According to Observer Network, on May 11 last year, 64 companies including the United States, Europe, Japan, South Korea, Taiwan, and other places announced the establishment of the Semiconductors in America Coalition (SIAC). These companies cover almost the entire semiconductor industry chain, and the first thing they organize together is to urge the US Congress to pass the $50 billion semiconductor incentive plan proposed by the Biden administration.

lthough it seems that SIAC's top priority is to "request money" from the US government, the Hong Kong English-language media "South China Morning Post" still linked the matter to mainland China, with its report hyping that "the establishment of SIAC may make mainland China more It is difficult to escape the U.S.-led global semiconductor supply chain.”
A press release issued by SIAC's official website states that the organization is an alliance of semiconductor companies and semiconductor downstream users.
Currently, SIAC has 64 members, including technology giants such as Amazon, Apple, AT&T, Cisco, General Electric, Google, Verizon, AMD, Analog Devices, Broadcom, NVIDIA, Qualcomm and other chip design companies, GF, IBM , Intel, Micron and other chip manufacturers, as well as semiconductor upstream IP, electronic design automation (EDA) software and equipment suppliers such as Applied Materials, Kaideng Electronics, Synopsys, etc.

It is worth noting that SIAC members also include many semiconductor companies in Japan, South Korea, Europe, China Taiwan and other places. For example, chip manufacturers TSMC, Samsung, SK Hynix, Infineon, equipment manufacturers Nikon, ASML, Tokyo Electronics, chip IP giant ARM, etc.

On the day of its establishment, SIAC members jointly sent a letter to U.S. House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, Senate Minority Leader McConnell, and House Minority Leader McCarthy. "We call on congressional leaders to allocate $50 billion for domestic chip manufacturing incentives and research programs," the letter said. SIAC's mission is to advance federal policy that promotes U.S. semiconductor manufacturing and research to strengthen the U.S. economy, national security, and critical infrastructure".

General

2023-03-18 06:32 | Report Abuse

TAIPEI, March 16 (Reuters) - The retired founder of TSMC (2330.TW) said on Thursday that even as he supported U.S. efforts to slow China's advances in the semiconductor industry, the "bifurcation" of the global supply chain and the reversal of globalisation would increase prices and reduce the ubiquity of chips that power the modern world.

"There's no question in my mind that, in the chip sector, globalisation is dead. Free trade is not quite that dead, but it's in danger," Morris Chang said, speaking at an event hosted by Taiwan's CommonWealth Magazine.

"When the costs go up, the pervasiveness of chips will either stop or slow down considerably," said Chang, who at 91 remains an influential voice in Taiwan's chip industry. "We are going to be in a different game."

In Taiwan, TSMC, Asia's most valuable listed company and a major Apple Inc (AAPL.O) supplier, is widely regarded as the "sacred mountain protecting the country," because of its economic importance.

China has in recent years ramped up diplomatic and military pressure against Taiwan, which Beijing views as its territory, raising concerns about the fate of the chip fabs that dot Taiwan's western coast and produce the majority of the world's most advanced chips if China blockades or attacks the island.

U.S. "onshoring" and "friendshoring" efforts to boost chip manufacturing stateside or in allied countries present a predicament for Taiwan.

"Friendshore does not include Taiwan. In fact, the commerce secretary has said repeatedly that Taiwan is a very dangerous place, we cannot - America cannot - rely on Taiwan for chips," Chang said. "Now that, of course, is I think Taiwan's dilemma."

TSMC is expanding its global production footprint, even as it keeps its most advanced technology in Taiwan.

Late last year, TSMC began construction of a second chip factory in Arizona which will start production in 2026, using advanced 3 nm technology. The company's total investment in the U.S. project amounts to $40 billion.

Meanwhile, the Chinese government is plowing billions into bolstering its chip sector, but Chang said China's chip manufacturing technology lags that of Taiwan by "at least five or six years".

General

2023-03-17 20:48 | Report Abuse

(Mar 17, 2023 08:27AM ET)

ALMATY (Reuters) - Russian companies have flooded their Kazakh partners in recent weeks with new requests to help them circumvent Western sanctions and import badly needed goods, seven sources with direct knowledge of the matter told Reuters.

After Russian forces invaded Ukraine on Feb. 24 last year, the West imposed sweeping sanctions on Russia's $2.1 trillion economy, prompting Moscow to seek circuitous routes for importing technology and goods.

With the sale of thousands of items banned by the West, traders established an elaborate network of supply chains through third countries to bypass the restrictions. Many goods enter via Turkey and former Soviet republics, economists say.

The seven sources, who all spoke on condition of anonymity due to the sensitivity of the matter, said they had seen a rise in Russian requests to help get everything from bearings and aircraft parts to rare earth metals across Kazakhstan's 7,591-kilometre (4,717-mile) land border with Russia.

Two of the sources linked the increased Russian interest directly with reported Turkish plans to crack down on the transit of sanctioned goods.

"This means the boom is just beginning," said one businessman involved in foreign trade who spoke to Reuters on condition of anonymity due to the sensitivity of the issue.

RARE EARTH METALS

Another Kazakh entrepreneur said he had been offered $1 million to help move a truckload of rare earth metals originally from Australia.

"From phones and bearings to airplane parts and rare earth metals," the entrepreneur said, giving examples of requests, all of which he said he had turned down.

The Kazakh government did not reply to a request for comment.

Russians have a very long shopping list which includes industrial equipment, railway bearings, advanced electronics, radio equipment, turbines, airplane parts, raw materials, and even bank card materials, the sources said.

Some Russian firms have sought to establish long-term sanction-busting partnerships, the sources said.

Under Russian law, it is an offence to comply with the Western sanctions and sanctions-busting has become a profitable boom industry for some entrepreneurs.

President Vladimir Putin has quipped that Western luxuries are still available in Moscow, though they are more expensive.

U.S. Secretary of State Anthony Blinken urged Central Asian countries during a visit to the region this month to uphold the sanctions and promised to help them deal with collateral damage.

But a Central Asian official, speaking to reporters on the sidelines of Blinken's visit, said governments could do little to stop traders from re-exporting goods to Russia.

"I walk into a European company's office and inquire about certain equipment, they say they cannot sell it because it might end up in Russia," said one Kazakh businessman dealing in industrial equipment.

"As I walk out, I get a call from a Turkish company offering me that same equipment."

Turkey, a NATO ally, said last month it did not export products that could be used in Russia's war effort, after U.S. warnings about exports of chemicals, microchips and other items. Ankara also said it would not allow Western sanctions to be violated in or via Turkey and was taking steps to prevent this.

BOOMING TRADE

Russia remains Kazakhstan's biggest trading partner. Kazakh exports to Russia rose by a quarter to $8.8 billion last year and sales of some items surged. For example, exports of bearings doubled to $111 million, official statistics showed.

Exports of plastic pipes, certain kinds of which Russia has had trouble producing or sourcing, more than tripled last year to $12 million.

At the same time, Kazakhstan sharply increased imports of computers from European countries and Taiwan, although it is unclear how many of them were then re-exported to Russia.

Sometimes no law is even broken, the sources said. Often complex items include sanctioned components but are not explicitly banned themselves. So sharp is the rise in trade that Kazakh customs are overloaded, they added.

Another source said Russian banks were importing equipment and plastics needed to produce bank cards via Kazakhstan.

Still, such business comes with additional costs. Kazakh businessmen reselling goods to Russia are normally eligible for a 12% VAT refund but those who move "suspicious items" do not file for it so as not to expose the whole supply chain, the businessman said.

One source, though, used a Russian proverb to explain why he had decided to get involved in the illicit trade: "For some war is grief and misery but for others it is a way to flourish."

General

2023-03-17 20:43 | Report Abuse

lousy country that $6 Billion In Deposits Vanished From Banks, where Did the Money Go?

General

2023-03-17 19:45 | Report Abuse

$6 Billion In Deposits Vanished From Banks, where Did the Money Go?

https://youtu.be/CsP7Bs1-IxM

When US banks got problem, action is taken fast enough to tackle the problem. Depositors got back their money within days. But Malaysia red army cina man still keep on accusing the issue. But China depositors protest and caught by policemen, till now more than 6 months money still dont know where as shown in many videos. All the Malaysian red army still diam diam pretend dont know... shame on u.

General

2023-03-17 18:08 | Report Abuse

China Lost Top US Trader Title in 2022

hina, once America’s largest trading partner, is losing that seat.

The year 2022 saw China step aside as top U.S. trade partner the first time since the trade war in 2019.

According to import data from the Commerce Department, U.S. purchases from China have dropped below sales from the European Union.

The main reasons that drove the change include Beijing’s harsh zero-COVID-19 policy and Washington’s choice to broaden supply chains, especially with other Asian countries.

Data from 2022 revealed that Washington’s bilateral goods trade with China reached $690 billion, marking a new record, indicating that economic decoupling from China hasn’t yet fallen into place.

U.S. trade with the rest of the world also hit all-time highs last year thanks to a strong dollar and rising domestic demand.

General

2023-03-17 18:02 | Report Abuse

EU tempts Africa away from Chinese influence

With China reducing its spending in Africa, Europe sees a chance to boost its influence.

At a two-day gathering of European and African leaders in Brussels this week, the EU hopes to unveil a series of major projects that will benefit from €150 billion in funding it has already pledged for its southern neighbors.

A draft “summary of deliverables” document ahead of the summit with African Union leaders, and seen by POLITICO, lists a series of ambitious projects to improve digital connectivity, build new transport links and accelerate the shift to lower-carbon energy sources. It is all part of the bloc's Global Gateway strategy — seen as a geostrategic riposte to China's own Belt and Road initiative.

It’s a good moment for Global Gateway. It’s clearly a good idea but we need to make sure that it’s properly funded in order to say with credibility that it’s living up to its promise to counter the Belt and Road," said Anna-Michelle Asimakopoulou, vice chair of the European Parliament's international trade committee. "They have to feel the difference."

An EU official said Europe could step in as China pulls back. "The mega roll-out of Chinese money isn’t there anymore if you compare to a couple of years ago. The Chinese have a real problem in Africa."

China has been investing less in Africa, especially since the beginning of the coronavirus pandemic, a departure from earlier fears from African and Western countries over Beijing's debt-trap diplomacy.

At the Forum on China-Africa Cooperation (FOCAC) meeting last year, Chinese President Xi Jinping pledged $40 billion worth of investments for Africa, a third less than previous commitments. The same goes for Chinese loans. These totaled $7.6 billion in 2019 (the latest available figures) according to the Chinese Loans to Africa Database, run by Johns Hopkins University and Boston University. That's a sharp drop from the 2016 peak of $29.5 billion.

China has given other assistance though, promising 1 billion more coronavirus vaccines doses in November, on top of 200 million doses already delivered to African countries. Vaccines are a sore point between the EU and Africa because of the bloc's refusal to waive intellectual property rights that would allow for cheaper production.

In his message to African leaders in November Xi also needled another point of tension: Europe's colonial history in Africa.

"Over the past 65 years, China and Africa have forged unbreakable fraternity in our struggle against imperialism and colonialism," Xi told the (FOCAC) meeting before hailing what he called the "big family of Belt and Road cooperation."

Firewall doused
Europe's battle for influence in Africa is evident in the choice of visits by EU top brass ahead of the Brussels summit — which was delayed for 16 months because of the pandemic.

Margrethe Vestager, the EU's powerful digital chief, was in Abuja, Nigeria on Monday to discuss the EU-Nigeria Digital Economy package. But though it was all smiles at the Valentine's Day meeting with her counterpart, Digital Minister Isa Pantami, the country has been flirting with an internet model that is less than the free and open version favored by Europe. "€820 million until 2024 to invest in shared priorities ... with democratic, human-centered governance," she said in a thinly veiled remark on Twitter while in Abuja. "So much to do together."

The government imposed a national ban on Twitter in June last year after the social media platform deleted a tweet by President Muhammadu Buhari threatening a violent crackdown on secessionists. It has only just been restored.

Meanwhile, members of the government, including the president's chief of staff, flew to Beijing to learn more about the Great Firewall — China's nationwide cyber-censorship and surveillance — just before the ban was imposed, according to a report by the Foundation for Investigative Journalism.

"China has [had a good] relationship with African dictators for the past 15 years with a certain amount of success," said Philippe Le Corre, a China expert at Carnegie Endowment for International Peace, referring to China's relationship with Africa in general. But while Global Gateway investments will help the EU push its agenda, "Money will not be enough — politics is a must," he said. The EU must be politically savvy to avoid the appearance of being a "naive helper" while China provides repressive technology, he added.

General

2023-03-17 17:37 | Report Abuse

United Nation, NATO and AUKUS uphold human rights are rights inherent to all human beings, regardless of race, sex, nationality, ethnicity, language, religion, or any other status. Human rights include the right to life and liberty, freedom from slavery and torture, freedom of opinion and expression, the right to work and education, and many more. Everyone is entitled to these rights, without discrimination.

General

2023-03-17 16:52 | Report Abuse

U keep on saying can be overcome, but u don't know.

News & Blogs

2023-03-17 14:28 | Report Abuse

Silly fool , nobody stop u from sharing Bursa counters corruption here .....

News & Blogs

2023-03-17 14:19 | Report Abuse

Silly fools, because Bursa full of corrupted counters so cant share other corruption information ? u r not belong to Bursa please go to China Stock Market.

General

2023-03-17 14:11 | Report Abuse

when can the people withdraw their money from the bank ?

News & Blogs

2023-03-17 14:08 | Report Abuse

Guo was born in Shen County, Shandong, China. He is the seventh of eight children.[He began his business career in Zhengzhou, before moving to Beijing to secure various construction deals during the 2008 Beijing Olympics.[citation needed] In 2006, he delivered a Beijing deputy mayor's sex tape to the police. The deputy mayor, who had contested one of Guo's land deals, was subsequently imprisoned, allowing Guo to build the Pangu Plaza.

General

2023-03-17 13:15 | Report Abuse

https://youtu.be/J-_ve0OelbU

矽谷銀行倒閉 河南村鎮銀行取款難. More than 6 months still can't withraw money from the bank.