Chinese battery giant CATL hits back at Duke Energy disconnecting batteries

BEIJING/SHANGHAI (Reuters) - Chinese battery giant CATL has hit back at U.S. utility firm Duke Energy (NYSE:DUK)'s move to disconnect its batteries, saying that accusations about CATL batteries posing a potential security threat are false and misleading.

No CCP batteries.

Toyota's Camry, best-selling car in US, goes all-hybrid

DETROIT, Nov 14 (Reuters) - The next generation of the Toyota Camry, the best-selling sedan in the U.S. market, will come with only a gas-electric hybrid powertrain, the boldest move yet by the Japanese automaker to push hybrid technology into the heart of the U.S. market.

The 2025 Camry will combine a 2.5-liter gasoline engine with an electric drive system tuned to deliver more power in both front-wheel drive and all-wheel drive versions of the car, Toyota said.

America prefer hybrid vehicle.

iPhone 16 batteries should preferably be made in India, Apple tells suppliers

As part of the company’s continuing work to reduce its dependence on China, Apple has reportedly told suppliers that it has a preference for iPhone 16 batteries being made in India.

One battery supplier which already manufactures in India has been asked to scale-up production there, and Chinese suppliers have been urged to establish battery factories in the country.

Global supply chain restructuring.

EV maker Nio considers more job cuts after shedding 10% staff

(Reuters) - Chinese electric vehicle (EV) maker Nio (NYSE:NIO) Inc may undertake further job cuts after the company announced plans to cut 10% of its workforce last month, Bloomberg News reported on Thursday, citing people familiar with the matter.

Some departments were asked to prepare reserve lay-off lists, which may widen the original dismissals to 20% to 30% within the unit, according to the report.

The cuts would apply mainly to non-core businesses or ones that would not generate quick returns or require heavy investment, the report added.

Nio did not immediately respond to a Reuters request for comment.

The additional cuts come after Nio said in November that it planned to eliminate 10% of its jobs, as it moves to improve efficiency and reduce costs in the face of growing competition.

Demand for EVs has weakened in China as consumers favour more economical plug-in hybrids.

A $14 Billion Rout Makes HKEX World’s Worst-Performing Bourse
-Hong Kong Exchanges & Clearing has plunged 25% this year
-China’s slowdown, geopolitical tensions hit the stock market

Hong Kong is set to close the year as the world’s worst-performing stock market and the city’s exchange operator is emerging as the poster child of this slump.

Hong Kong Exchanges & Clearing Ltd. has plunged 25% this year, the most on a Bloomberg Intelligence gauge of 24 listed global security and commodity bourses. The stock rout has wiped out nearly $14 billion of its market value, putting it behind that of CME Group Inc. and London Stock Exchange Group Plc.

China blue-chip stocks hit 5-year lows, yuan eases after Moody's move

SHANGHAI (Reuters) -China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the yuan currency extended losses, as markets grappled with Moody's (NYSE:MCO) cut to China's credit outlook at a time of growing worries about the economy's stuttering recovery.

The ratings agency issued a downgrade warning on China's sovereign credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the world's second-largest economy.

China stocks opened down with the CSI300 Index touching its lowest level since Feb. 2019, before recouping earlier losses. It was 0.4% higher as of 0612 GMT, with the Shanghai Composite Index up by 0.1%.

Posted by foongsh > 1 hour ago | Report Abuse

Ke Lingling, ex-wife of Xi, divorced and moved to UK.

Xi Mingze , daugter of Xi, studied in US and migrated there

Qi Qiaoqiao, sister of Xi, Canada resident

Deng Jiagui, brother in-law, Canada resident

Xi Yuanping, younger brother of Xi, Australia resident

Daniel Foa, nephew-in-law of Xi, British

The entire family of Xi are Western related.

"Being Anti-America Is Work , Living In America Is Life". The principle of CCP.

Why not Russia, North Korea, Iran because Xi family love Western.

CCP is negotiating with Westerns for surrendering.

The US dollar is central to Argentina's plan to fix its broken economy. There's just one hitch.

-Argentina's new president Javier Milei wants to adopt the US dollar to tame sky-high inflation.
-There's a major problem with his plan to revive the ailing South American economy.
-The Argentinian government doesn't have enough dollar reserves to ditch the peso, economists say.

Global south talks only soik sendiri.

The moral of the story stay away from bad apple.

Ringgit lower against US dollar on yuan's weakness

KUALA LUMPUR: The ringgit ended lower against the US dollar on Tuesday following the weakening in the Chinese yuan after ratings agency Moody's cut its outlook on China's government credit ratings to negative.

At 6 pm, the ringgit decreased to 4.6610/6660 against the greenback from Monday’s close of 4.6550/6600.

Bank Muamalat Malaysia chief economist Mohd Afzanizam Abdul Rashid said the downgrade from stable to negative suggests that the odds of possible sovereign rating cut for China has escalated.

"This happened as the China government is ramping up its fiscal stimulus measures to bolster its economic actitivities as it needs to grapple with the weakening property markets.

"I think given that there is a positive correlation between the yuan and the ringgit, the weakneses in the yuan could result in a weaker ringgit,” he told Bernama.

New song in China no CCP :
no Real estate bubble, no financial crisis, no high jobless rate, no global supply chain restructuring, no technology banned, no local government debts.

Posted by foongsh > 16 minutes ago | Report Abuse

Posted by xiaoeh > 1 hour ago | Report Abuse

Posted by qqq47660 > 30 seconds ago | Report Abuse
China is today the most vibrant innovative country..... U think can be vibrant innovative country if the governed and the government moves in different direction?

I do think that if China last time was to rule by GuoMingDang, today China will be much advance than what it is today by many folds.
Just look at how TSMC and HongHai you will know.

Been proven by GDP per capital with free speaking and democratic election.

Giving 70 years to CCP, end up Real estate bubble, financial crisis, jobless rate, global supply chain restructuring, technology banned, local government debts. Worse than 3rd world countries.

Moody's cuts China's credit outlook to negative
Stock Markets
Published Dec 05, 2023 03:05AM ET

(Reuters) - Ratings agency Moody's (NYSE:MCO) on Tuesday cut its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and ongoing downsizing of the property sector.

Posted by foongsh > 51 minutes ago | Report Abuse

qqq frustrated and angry not because of CCP being accused, it was because he really invested those CCP stocks and HSI just like what he believed. Lol.

He should only visit CCP website for his wonder world, unfortunately he can't understand the most beautiful language and lost his own identity.

India Stocks On Verge of Record $4 Trillion Valuation
-World’s fifth-largest stock market narrows gap with Hong Kong
-Retail investment boom, overseas inflows drive equities higher

A surge in investments by retail traders and resurgent foreign inflows have put India’s stock market — the world’s fifth biggest — on the verge of a $4 trillion valuation for the first time.

The market capitalization of securities listed on the nation’s exchanges has tripled since the March 2020 pandemic low to reach a whisker short of the $4 trillion mark as of Monday, according to data compiled by Bloomberg.

Xi family loves Western and democrtic countries so much he is making those countries great again.

Contribution of 8 millions payment defaults to stock market only happen in CCP worse than 3rd world countries.

HSI 16,382.50 bottomless

Contribution of CCP to HK.

Chinese stocks sink as positive PMI offers little relief
China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.6% each, while Hong Kong’s Hang Seng shed 1.1%, pressured chiefly by mainland stocks.

Markets largely brushed off a private purchasing managers index survey showing bigger-than-expected growth in China’s services sector, given that the reading still showed growth well below pre-COVID levels.

Sentiment towards China was also battered by growing concerns over a new epidemic in the country, following a surge in respiratory illnesses across major cities. The National Health Commission, which was at the heart of the country’s three year long COVID-19 crackdown, reportedly suggested curbs on public gatherings in light of the recent outbreak.

Xi family love westerns.

Xi’s own family is directly involved in the drive to expand China’s electric vehicle industry and stands to profit from government handouts and political patronage in building new factories to churn out the vehicles.

The key figure is Daniel Foa, a Briton raised in Wimbledon and now married to the president’s niece, Hiu Ng, the daughter of his younger sister, Qi An’an. Conveniently, elite Chinese families use a multiplicity of names but all this is documented in corporate statements and public records.

Foa popped up last summer when a struggling American EV maker, Fisker, announced it was to open a distribution center in Shanghai. According to its own publicity, Fisker is “driven by a mission to create the world’s most emotional and sustainable electric vehicles.”

Xi will support America EV Fisker due to his British nephew-in-law, Daniel Foa.

Daniel Foa is the China board member of Fisker.

Sometimes we call abandoned cities as ghost cities. There is one ghost city built by CCP Country Garden in Johor. CCP export ghost cities and white elephants oversea. Bravo CCP.

Chinese borrowers default in record numbers as economic crisis deepens
More than 8mn people are blacklisted by authorities after missed payments on mortgages and business loans


Defaults by Chinese borrowers have surged to a record high since the outbreak of the coronavirus pandemic, highlighting the depth of the country’s economic downturn and the obstacles to a full recovery.

A total of 8.54mn people, most of them between the ages of 18 and 59, are officially blacklisted by authorities after missing payments on everything from home mortgages to business loans, according to local courts.

That figure, equivalent to about 1 per cent of working-age Chinese adults, is up from 5.7mn defaulters in early 2020, as pandemic lockdowns and other restrictions hobbled economic growth and gutted household incomes.

The soaring number of defaulters will add to the difficulty of shoring up consumer confidence in China, the world’s second largest economy and a crucial source of global demand. It also throws a spotlight on the country’s lack of personal bankruptcy laws that might soften the financial and social impact of soaring debt.

Asian stocks mixed as China woes offset Fed cheer; Nifty hits record high
AuthorAmbar WarrickStock Markets
Published Dec 03, 2023 10:44PM ET

Indian stocks surge to record high on BJP victory
India’s Nifty 50 index opened 1.4% higher, touching a record high of 20,589.35 points after ruling party BJP clinched key state election victories in three states, setting it up for reelection in the 2024 general election.

Investors have largely welcomed the industry-friendly measures introduced by the BJP over its past nearly 10 years in power, which saw India become the fastest-growing major economy.

Data last week showed India's gross domestic product grew substantially more than expected in the September quarter.

India stocks set to hit new highs in 2024 as economy hums - Reuters poll

BENGALURU, Nov 22 (Reuters) - India's stock market will hit new highs in the next six months and rise over 10% from here by end-2024, driven by a sustained expansion in the fastest-growing major economy, according to a Reuters poll of equity strategists.

Those same strategists also said in response to an extra question value stocks, which have trailed overall equity performance in recent years as investors chased technology and other shares, will outperform growth stocks.

Recover only ?

Brit Marries into China’s First Family

How did a middle-class British entrepreneur find himself within the close circle of China’s first family? Daniel Foa, now 36, came to China to work and met and married Hiu Ng, the niece of China’s next leader, Xi Jinping. “There was a little gang of them who liked going to champagne brunches and playing tennis,” a friend said of their social networks. Now, the unassuming Brit is poised to be an insider in China’s notoriously closed inner circle.

Xi family loves westerns very much.

On June 9, Fisker said it plans to open a delivery center in China in 2023 and begin delivering the Fisker Ocean in the first quarter of 2024.

Fisker's leadership team visited China and met with officials and business leaders in Shanghai to discuss collaboration and opportunities in the region, it said in a June press release.

"I believe we can get production up and running in China as early as next year, potentially adding capacity of 75,000 Fisker Oceans annually," CEO Fisker said at the time.

The announcement of the Shanghai Fisker Lounge builds on its China strategy, as Fisker Lounges are located in a high-traffic retail locations where consumers can experience the Fisker brand and get a closer look at Fisker vehicles, the company said overnight.

Fisker is currently delivering the all-electric SUV Fisker Ocean in the US and Europe, which starts at $37,499 in the Sport trim level.

The best-selling all-electric SUV in China right now is Tesla's (NASDAQ: TSLA) Model Y, which starts at RMB 263,900 yuan ($36,130).

In China, the premium and affordable luxury segment is growing faster than the general segment, Daniel Foa, Fisker's China board member, said at the company's annual shareholders meeting on June 6.

Will Xi’s British nephew-in-law beat Elon Musk in China’s EV industry?

https://www.youtube.com/live/je98nEivtic?si=G04LCfjSFFR2mL7r

Daniel Foa is the China board member of Fisker.

Xi will support America EV Fisker due to his British nephew-in-law, Daniel Foa.

Xi’s own family is directly involved in the drive to expand China’s electric vehicle industry and stands to profit from government handouts and political patronage in building new factories to churn out the vehicles.

The key figure is Daniel Foa, a Briton raised in Wimbledon and now married to the president’s niece, Hiu Ng, the daughter of his younger sister, Qi An’an. Conveniently, elite Chinese families use a multiplicity of names but all this is documented in corporate statements and public records.

Foa popped up last summer when a struggling American EV maker, Fisker, announced it was to open a distribution center in Shanghai. According to its own publicity, Fisker is “driven by a mission to create the world’s most emotional and sustainable electric vehicles.”

Stock market reflects the future growth of a country economy. For example, stock market will not break new high for long period when a country goes bankrupcy. Stock market will not break new low for long period when a country having strong GDP growth.

Taiwan Weighted 17,438.35 VS Hang Seng 16,847.00

AI technology VS white elephant projects and real estate bubble

China Stocks See Record Monthly Streak of Foreign Fund Exodus

By Bloomberg News
November 1, 2023 at 7:00 AM GMT+8

Chinese stocks saw another month of foreign capital exodus as overseas funds offloaded 44.8 billion yuan ($6.1 billion) worth of mainland shares in October. The month saw only three days of inflows even as authorities ramped up support, with the sovereign fund buying banking stocks and exchange-traded funds.

The three-month selling streak, a record, amounts to 172 billion yuan and threatens to turn this year’s flow into negative territory. If that happens, it would be the first time China saw an annual outflow since the second mainland-Hong Kong trading link opened in late 2016.

台股正式超车港股写新局　逾30年来首见

（台北29日讯）台湾股市和香港股市28日在盘中呈现“黄金交叉”，台股29日持续上攻，收盘时上涨29点，收17370点。反观香港恒生指数，收盘时下跌361点，万七关卡失守，台股正式超越港股，为逾30年来首见。

投顾指出，中国经济成长目前仍面临较大变数，港股和中国连结性高，难免受冲击，整体来说，是“趋势”问题。

美国最新消费者物价指数（CPI）及生产者物价指数（PPI）数据都持续走低，就业数据也显示劳动市场正在降温，市场预估联储局进一步升息的可能性已经不高。

根据FedWatch的最新资讯显示，联储局12月再升息机率仅0.7%，最快明年5月可望启动降息，市场甚至看好全年降息幅度有机会到4码，带动近期美国10年期公债殖利率快速回落。

美元指数近月从106滑落至102，非美货币呈现升值，新台币兑美元汇价升值强劲，29日强升2.18角，升幅 0.69%，为亚洲最强，终场收31.25元，挑战31元关卡。

热钱不断汇入，外资29日在台股买超近百亿，推升台北股市一度站上17400点之上，不过，盘中获利回吐卖压一度将指数下拉至平盘附近，终场小升29点，收17370点。

台股站上17300点之上，反观香港恒生指数，收盘时下跌361点，万七关卡失守，台股正式超越港股，为逾30年来首见。国泰证期顾处问协理简伯仪指出，中国经济成长目前仍面临较大变数，港股和

中国连结性高，难免受冲击，整体来说，是“趋势”问题。简伯仪说：“现在相关的中国股市，包括A股跟上海以及深圳的股市，也都表现相对弱势，所以中国占比比较高的香港股市，就会有受到比较大的影响。因为台湾现在就是持续在降低在中华的比重，所以相对影响也是比较低。”

台新投顾副总黄文清指出，香港恒生指数是在1992年3月超越台股加权指数，之后恒生指数一路往上走，在2018年1月一度涨到33000多点，当时台股加权指数才刚突破11000点，两者相差逾22000点，黄文清表示，台股正式超车港股，和台湾科技股优势被突显出来也有很大关系。

CCP is silly killing Hong Kong, Xi is wrong leading the country to wrong direction.

It is not the matter of population, it is about with strong and soild alliance. CCP choose to be with evil alliance. Like it or not this is the results.

中植资不抵债逾1337亿 　中国富人被“割韭菜”

（北京29日讯）中国资管巨头中植企业集团资不抵债，影响数十万高净值投资者和多家上市公司。

中植上星期三（22日）向投资者发出的致歉信披露，中植账面资产2000亿人民币（约1337亿令吉），而债务在4200亿人民币到4600亿人民币之间。中植还有大量代持企业资产、关联融资和对外担保等，最终负债可能高于公布的数字。

市场分析认为，当前该集团流动性已近枯竭，账面资产以债券和股权为主，处置难度大，投资者需做好收不回本金的准备。

有网民认为，富人被割韭菜，与普通人无关。但也有不少人认为，爆雷让高净值人士捂紧口袋，也会影响整个投资市场的信心。

成立于1995年的中植控股超过10家上市公司，手握多张金融牌照，以庞大规模、央企背景，和高达8%至9%的收益率，吸引大量投资者，起投门槛在百万以上。

《财新网》引述知情人士称，中植在全国有20万左右的财富客户。而中植旗下恒天财富的经理则发文称，中植违约涉及高净值人士15万，投资额最低300万，最高达50多亿。

中植通过信托和财富产品吸引高成本资金，后端投向持股的上市公司、地产企业、城投债等。

《腾讯新闻》引述中植前管理人员称，资本市场行情好时，中植持股的上市公司市值一天就能涨上10亿人民币，然而资本市场持续低位徘徊，使得中植账面浮亏严重。

地产低迷也加重中植的资金紧张。《证券时报》2021年揭露，中植系财富公司通过售卖违规理财产品，向地产和相关公司提供千亿融资。而中融信托所合作的10馀家房企，如华夏幸福、融创、恒大，也都一一爆雷，无法还债。

qqq only lip service not supporting CCP stocks, otherwise he may lose his pants. Lol.

Most of the heavy weighted CCP stocks listed in HKEX got problems. HSI very pity but the best trading stocks in Bursa for the year 2023.

E-commerce giant Alibaba Group Holdings (NYSE:BABA), which competes with Meituan through its Ele.me unit, also recently flagged slowing earnings growth due to weakness in its biggest market.

China slipped into disinflation territory in October, even as Beijing kept up its liquidity injections to shore up spending.

Investing.com-- Hong Kong-listed shares of Chinese food delivery giant Meituan (HK:3690) slumped on Wednesday after the firm warned of softer fourth-quarter revenue due to weak consumer spending in its biggest market.

Shares slumped 11.6% in afternoon trade to an over three-year low of HK$91.10. They were also the worst performers on the Hang Seng index, which was dragged nearly 2% lower by losses in Meituan.

TSEC overtake HSI

TQ HSI the best trading stocks in Bursa for the year of 2023.

HSI 17,359.08 VS TSEC 17,401.38

Zhongzhi’s 200 billion yuan of assets would at best fetch about 100 billion yuan, Ying said in a social media post Saturday. That means investors could only get about 23% of their money back, based on the median of some 420 billion yuan to 460 billion yuan total debt Zhongzhi earlier revealed.

The actual ratio could be much lower. The wealth manager said last week liquidity has dried up and the recoverable amount from asset disposals is expected to be low.

China Investors Face Tens of Billions in Losses Over Zhongzhi

As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about $56 billion.

More than three quarters of investor cash would be lost, with just 100 billion yuan ($14 billion) being recovered from debt of as much as 460 billion yuan, according to one scenario outlined by Ying Yue, a lawyer at Leaqual Law Firm in Shanghai. He expects a slow and drawn out court process, based on the experience of other cases.

中植系投资者倒霉 2621亿恐“打水漂”

一项估测显示，投资者恐怕要损失560亿美元（约2621亿令吉）左右。

根据两高律师事务所上海律师应越推测的一种情形，逾四分之三的投资者资金将会打水漂，即高达4600亿元人民币（约3067亿令吉）的债务中，仅能收回1000亿元（约667亿令吉）左右，且根据其他案件经验，预计审理过程将会缓慢而又漫长。

中阅资本创始人孙建波表示，不良资产通常折价70%出售。根据彭博计算，也就是说投资者只能拿回约13%的资金。

周末北京警方在微信公众号上发布情况通报，称对解某某等多名嫌疑人采取了“刑事强制措施”。

通报称，投资人可通过网上报案、邮寄报案或实地报案方式进行报案登记。

中植本周早些时候透露其陷入严重的财务困境，告诉投资者该公司“严重资不抵债”，缺口达364亿美元（约1703亿令吉）。

20 Million Pre-sold Homes Rotten-ended with $266 Billion Lost, Owners Stand up to Protest

https://youtu.be/WrDKwa9jU7M?si=CFt5ir0E_c1qP_kZ

1. Kong Dongmei, granddaughter of Mao Zedong
2. Deng Zhifanf, son of Deng Xiaoping
3. Deng Zhuodi, grandson of Deng Xiaoping
4. Zhuo Yue, granddaughter of Deng Xiaoping
5. Jiang Mianheng, eldest son of Jiang Zemin
6. Jiang Zhicheng, grandson of Jiang Zemin
7. Hu Haiqing, daugter of Hu Jintao
8. Xi Mingze, daugter of Xi Jinping
9. Yang Jiechi, senior member of CCP entire family
10. too many just ignore the rest

All the above were suspects, dare to catch them. Lol.