Posted by foongsh > 2023-04-12 13:24 | Report Abuse

Posted by IDQWE001 > 15 minutes ago | Report Abuse

The Judges refused sustain it as a court case, bacause they all are one kind CCP kind. Unfinished property home buyer no choice have to move in because they can't afford to pay rental.. very pity

This is only a small part incident of Kunming City. In democratic country there is always a legislations system to sue the developer. But in this country developers, Judges, Police all are CCP. End up those homebuyers need to pay $ 9000 legislation fees. What a big joke.

Posted by brightsmart > 2023-04-12 15:12 | Report Abuse

China solves problems.............................................that is how China became so successful.

Posted by nicholas99 > 2023-04-12 15:13 | Report Abuse

white pig create problem. haha

Posted by brightsmart > 2023-04-12 15:16 | Report Abuse

those white pigs keep creating problems for China.

Posted by brightsmart > 2023-04-12 15:21 | Report Abuse

https://www.youtube.com/watch?v=r67JU-oVdFw

Xiong An................... an ultra modern city built from nothing. It will be a model for all modern cities.

Posted by brightsmart > 2023-04-12 15:27 | Report Abuse

bitcoin above $ 30000usd....a lot of people converts toilet paper to bitcoin.

Posted by nicholas99 > 2023-04-12 15:39 | Report Abuse

last time coin just make US banks gg only.. still never learn. haha.

Posted by IDQWE001 > 2023-04-12 15:51 | Report Abuse

Posted by foongsh > 2 hours ago | Report Abuse

Posted by IDQWE001 > 15 minutes ago | Report Abuse

CCP only know how to bully his citizens by the name of democratic, smart , peaceful, kind ...

Posted by qqq47660 > 2023-04-12 18:41 | Report Abuse

3 tests for successful government for China....unity peace and prosperity....

Of course America prefers China remain poor and just manufacture toys for America

Posted by qqq47660 > 2023-04-12 18:48 | Report Abuse

20 years ago people think of China they think of toys. Today China is at the leading edge in all fields. The G7 countries how to cari makan is a big concern

Posted by qqq47660 > 2023-04-12 18:52 | Report Abuse

Unlike G7 countries, the Brics+ countries have bright future

Posted by qqq47660 > 2023-04-12 18:56 | Report Abuse

Malaysia profile is more like a brics+ country. Malaysia has nothing to worry about.

Posted by qqq47660 > 2023-04-12 18:59 | Report Abuse

Malaysia don't have to be gloomy sceptical pointing fingers like G7 countries. Malaysia can be positive , optimistic, rational and bright future

Posted by IDQWE001 > 2023-04-12 19:30 | Report Abuse

¥5/Night Living in Bridge Holes in Shanghai | Hard Times for Chinese People Have Truly Arrived

https://youtu.be/CUpop_B9FyY

Very pity homeless people and many unemployed.

Posted by foongsh > 2023-04-12 22:15 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

¥5/Night Living in Bridge Holes in Shanghai | Hard Times for Chinese People Have Truly Arrived

https://youtu.be/CUpop_B9FyY

Very pity homeless people and many unemployed.

seems like global supply chains have taken place, so many homeless and jobless people still want to invade neighboring boundry or park the vessels thousand miles away to collide Petronas Exploration vessels to grab natural resources ?

Posted by IDQWE001 > 2023-04-12 22:32 | Report Abuse

Russia's ruble has crashed 20% as Ukraine war costs pile up and energy revenue sinks

-Russia's currency is trading at 75 rubles per US dollar, the lowest it has been in 10 months.
-The 20% depreciation since December comes amid falling energy revenues and higher government spending.
-Russia has been selling its reserves of Chinese yuan to help close budget deficits.

Posted by IDQWE001 > 2023-04-12 22:35 | Report Abuse

Just have a guest. Russia or US go bankruptcy first ? Russia's ruble or US dollar will become toilet paper first ?

Posted by IDQWE001 > 2023-04-12 23:17 | Report Abuse

Russia has been selling its reserves of Chinese yuan to help close budget deficits.

Sell Chinese Yuan propably buy toilet papers ?

Posted by IDQWE001 > 2023-04-13 09:31 | Report Abuse

China's Foreclosures Soar Amid Economic Crisis/What's the secret behind?

https://youtu.be/F_ZvodfYvi4

Pitty men negative assets.

Posted by qqq47660 > 2023-04-13 10:37 | Report Abuse

Just so silly to be spokesman for America hegemony

Posted by IDQWE001 > 2023-04-13 11:00 | Report Abuse

Evil supports always asked that why did you always bad mouth or look down the evil.

To tell the truth considered bad mouth ?

Evil supporters answered that telling truths or facts anything about the evil were discrimination because the evil MUST be democratic, perfect, smart, peaceful and fair person. What a silly Malaysian red army.

Posted by qqq47660 > 2023-04-13 12:31 | Report Abuse

China will modernise but it will be Chinese modernity....not America hegemony.

Posted by foongsh > 2023-04-13 16:31 | Report Abuse

Posted by IDQWE001 > 6 hours ago | Report Abuse

China's Foreclosures Soar Amid Economic Crisis/What's the secret behind?

https://youtu.be/F_ZvodfYvi4

Pitty men negative assets.

Jobless and homeless old man. Jobless and homeless young man. pity.

Posted by qqq47660 > 2023-04-13 18:16 | Report Abuse

China do not send soldiers overseas to cause people to sleep under the bridge....America does that all the time.

Posted by qqq47660 > 2023-04-13 18:17 | Report Abuse

In China it's unity peace and prosperity and doing it very well

Posted by qqq47660 > 2023-04-13 18:18 | Report Abuse

Last two years under Xi jinping common prosperity, rich people are lining up to donate to charity

Posted by qqq47660 > 2023-04-13 18:20 | Report Abuse

Western media on HK and Xinjiang....well HK and Xinjiang doing very well. Western media narratives are all based on lies

Posted by qqq47660 > 2023-04-13 18:22 | Report Abuse

And if Taiwanese continue to lie, China will have to so something about those lies.

Posted by IDQWE001 > 2023-04-13 20:01 | Report Abuse

Posted by foongsh > 3 hours ago | Report Abuse
Posted by IDQWE001 > 6 hours ago | Report Abuse

China's Foreclosures Soar Amid Economic Crisis/What's the secret behind?

https://youtu.be/F_ZvodfYvi4

CCP very cruel to treat their citizens.

Posted by IDQWE001 > 2023-04-13 20:28 | Report Abuse

800 Million Chinese in Debt, with 400 Million People Defaulting, This Is Not Alarmist!

https://youtu.be/6wN5WfWRyck

Citizens are crying and government big bully

Posted by brightsmart > 2023-04-13 21:41 | Report Abuse

osted by IDQWE001 > 1 hour ago | Report Abuse

800 Million Chinese in Debt, with 400 Million People Defaulting, This Is Not Alarmist!

=====

good luck to u then...me? I no worry.

Posted by brightsmart > 2023-04-13 21:42 | Report Abuse

I do not know why a malaysian so wish China to fail....China fail u can benefit meh?

Posted by foongsh > 2023-04-13 22:03 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

800 Million Chinese in Debt, with 400 Million People Defaulting, This Is Not Alarmist!

https://youtu.be/6wN5WfWRyck

Citizens are crying and government big bully

Very bad debts .... really very bad.

Posted by IDQWE001 > 2023-04-14 12:09 | Report Abuse

China megabanks plan US$5.8bil bond sales to plug capital shortfall

HINA's biggest banks are planning at least 40 billion yuan ($5.8 billion) of bond sales to plug a major fund shortfall ahead of a 2025 deadline to meet global capital requirements, Bloomberg News reported on Friday.

Industrial and Commercial Bank of China Ltd and three other banks are planning to sell a new category of total loss-absorbing bonds in the domestic debt market as early as June, the report said, citing people familiar with the matter.

Each bank is targeting at least 10 billion yuan ($1.46 billion), however exact amounts have not been finalised, the report added.

The development comes at a time when Asian policymakers are scrambling to calm investor nerves about Additional Tier-1 (AT1) bonds after holdings of such bonds of Credit Suisse were written down to zero.

Posted by IDQWE001 > 2023-04-14 12:11 | Report Abuse

Would US dollar becomes toilet paper by selling $5.8 billion of bond ? FED has not enough $5.8 billion to buy back ?

Posted by IDQWE001 > 2023-04-14 12:13 | Report Abuse

Fuelling debt increase

The United States and China – the world’s two biggest economies – are almost entirely fuelling the predicted debt increase, the IMF said.

The US ratio of debt to gross domestic product (GDP) is set to increase to 136.2% in 2028 from 121.7% in 2022.

China’s debt is forecast to soar to 104.9% of GDP in the next five years from 77.1% in 2022 as spending increases and the economy expands less than projected prior to the pandemic.

Posted by IDQWE001 > 2023-04-14 12:15 | Report Abuse

US VS China : 250 VS 80 years. Laughing at others please look at the mirror.

Posted by brightsmart > 2023-04-14 13:04 | Report Abuse

u live in Malaysia. U dont live in America..........

Malaysians are not brain washed to hate China/ CCP.

Posted by IDQWE001 > 2023-04-14 13:30 | Report Abuse

Posted by foongsh > 46 minutes ago | Report Abuse

Then evil supporters start shouting i.diot, telling lies, traitors etc. showing them a very pity and hopeless because they know you are telling the truth with facts and figures but they don't know how to answer ...

Posted by IDQWE001 > 2023-04-14 21:58 | Report Abuse

Terminally ill! China's local debt of 275 trillion Guizhou became the first bankrupt province?
13/04/2023, 10:31:50 pm

[Financial Channel/Comprehensive Report] China's local debt exceeds US$9 trillion (approximately NT$275 trillion), which has become an uncertain time bomb for China's financial system. Recently, Guizhou publicly blew up its high debts, which cannot be resolved by its own ability alone. It directly appealed to Chinese Premier Li Qiang for "intellectual support"

[Financial Channel/Comprehensive Report] China's local debt exceeds US$9 trillion (approximately NT$275 trillion), which has become an uncertain time bomb for China's financial system.

Recently, Guizhou publicly blew up its high debts, which cannot be solved by its own ability alone. It directly appealed to Chinese Premier Li Qiang to get "intellectual support" to relieve financial pressure.

China's Guizhou Provincial Government Development Research Center posted on its website on the 11th that the Finance, Taxation and Financial Research Department of the research center recently went to Guiyang, Gui'an, Zunyi, Bijie, Liupanshui and other places to conduct the so-called "Special Research on Resolving Guizhou Local Government Debt". It is found that the debt problem has become a major and urgent problem facing the local governments. However, due to "limited financial resources", it is extremely difficult to advance the debt relief work, and it is impossible to effectively solve it by relying on its own ability.

Posted by IDQWE001 > 2023-04-14 21:59 | Report Abuse

The article emphasizes that the research team will seek "intellectual support" from the National Research Center in the next step, and put forward feasible suggestions for resolving local debts in Guizhou.

The National Research Center refers to the Development Research Center of the State Council of China. Guizhou's move is tantamount to shouting at Li Qiang, hoping that the central government will give money quickly, otherwise it will lie flat.

Guizhou publicly admitted that it was unable to solve the huge debt problem, and even appealed to the central government, which aroused discussion. At present, this article has been deleted, and the reprints on China's major social platforms have gradually disappeared.

How serious is the local debt problem in China?

According to Reuters, China's local government debt exceeds US$9 trillion and continues to increase. Local governments also require banks to postpone debts or lower lending rates.

According to data from Fitch International, the amount of overseas debt due by Chinese local governments through "local financing platforms" this year has increased to US$790 billion, a record high since 2021.

The IMF's latest report also stated that the total debt of China's local government financing vehicles has increased from 57 trillion yuan (about NT$253.6 trillion) last year to a record 66 trillion yuan (about NT$293 trillion), which is equivalent to the country's GDP. half.

According to statistics from Chinese media, by the end of 2022, the debt ratios of the four provinces of Heilongjiang, Xinjiang, Tianjin, and Guizhou will exceed 400%.