Posted by qqq47660 > 2023-04-14 21:56 | Report Abuse

Malaysia has the basics to do well...how well it will do depends on the quality of the people...

Posted by IDQWE001 > 2023-04-14 22:00 | 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 22:01 | 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%.

Posted by qqq47660 > 2023-04-14 22:09 | Report Abuse

Malaysia has the basics to do well...how well it will do depends on the quality of the people...

Of course any statement that CPC is evil reduces Malaysia's chances one notch.

Posted by qqq47660 > 2023-04-14 22:19 | Report Abuse

We will see who spends wisely
...China spends it on building stuffs America spends in on wars and destroying people and stuffs

Posted by qqq47660 > 2023-04-14 22:21 | Report Abuse

Chinese people famous for household savings America people famous for no savings

Posted by foongsh > 2023-04-14 22:21 | Report Abuse

Posted by IDQWE001 > 20 minutes ago | Report Abuse

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

time bomb burst one by one

Posted by qqq47660 > 2023-04-14 22:21 | Report Abuse

China is a surplus country America is a toilet paper printing country.

Posted by IDQWE001 > 2023-04-14 22:23 | Report Abuse

Many people dont know CCP depends on too much leverage on the infrastructure and property bubbles to boost up GDP. It can be done easily by dipping a hole and covering back the hole to boost up the GDP on numbers, however, it does not generate any value to the development anymore with very high leverage. How CCP local government to generate GDP, by selling lands to developers, then developers build very expensive housing to the market. It is too expensive to afford and now the 3 years lock down the property bubble burst, the property value dropped by 50%. Due to the banking system , the local banks even discharge all the payments to developers when the building complete only 50%. The sales drop the developers not able to generate cash flow to continue the building construction work and caused thousnds of abandoned buildings all over the cities. And now homebuyers cant get the completed units to stay but still to pay their housing loans. As such, homebuyers stopped paying housing loan due to many jobless or pay. The local banks are in financial crisis and caused the depositors cant withdraw their money. CCP cant rely on infrastructure construction and property to boost up their GDP anymore which normally contributed 30% of GDP.

Posted by qqq47660 > 2023-04-14 22:29 | Report Abuse

Chinese people knows full well the mentality of western media towards China.....to western media China do what also wrong.....have been like that for 70 years already and even longer

Posted by qqq47660 > 2023-04-14 22:32 | Report Abuse

Most of it is just bigotry yellow peril red peril and racism and jealousy

Posted by qqq47660 > 2023-04-14 22:34 | Report Abuse

And then we have 2 idio.tic Malaysians supporting bigotry, racism yellow peril and red peril against China against Chinese.

Posted by foongsh > 2023-04-14 22:39 | Report Abuse

Posted by IDQWE001 > 14 minutes ago | Report Abuse

Many people dont know CCP depends on too much leverage on the ...

Malaysian red army very anxious now he knows this is the truth but can't accept and don't know how to explain. very pity

Posted by qqq47660 > 2023-04-15 08:49 | Report Abuse

just bigotry yellow peril red peril and racism and jealous

Posted by qqq47660 > 2023-04-15 08:56 |

Post removed.Why?

Posted by qqq47660 > 2023-04-15 08:59 |

Post removed.Why?

Posted by IDQWE001 > 2023-04-15 09:19 | Report Abuse

Posted by foongsh > 10 hours ago | Report Abuse

Malaysian red army very anxious now he knows this is the truth but can't accept and don't know how to explain. very pity.

Bravo, the future of dynamic economy in ASEAN Countries. Small investors to observe which sectors of global supply chain moving fast into Malaysia, the coming near future is very bright. Lets support DSAI and Unity Government. Watch out those pity red army who want Malaysia die.

Posted by qqq47660 > 2023-04-15 09:28 | Report Abuse

Malaysia want to built 500 km of hsr also no money. China built 40000 km hsr in 10 years and doubles it over next 10 years ..... It's China.

Posted by qqq47660 > 2023-04-15 09:34 | Report Abuse

America want to built hsr but no money but they got unlimited money to send to Ukraine

Posted by foongsh > 2023-04-15 09:38 | Report Abuse

Posted by IDQWE001 > 14 minutes ago | Report Abuse

Bravo, the future of dynamic economy in ASEAN Countries. Small investors to observe which ....

DSAI very smart to balance the development of economy, only silly person keep on buidling white elephant and abandoned buidlings to make himself into bad debt trap.

Posted by qqq47660 > 2023-04-15 11:14 | Report Abuse

A lot of things cannot change...
Western media will continue to smear to demonise China and imagine they are angels.....that is how it is.

They have been doing it for hundreds of years and gained plenty of experience with their hypocrisy, cheats, lies and every tool in the box.

Posted by IDQWE001 > 2023-04-15 11:32 | Report Abuse

Posted by foongsh > 1 hour ago | Report Abuse

DSAI very smart to balance the development of economy ...

Giving subsidies to citizens is better than building white elephant and abandoned buidlings, at least abandoned housing projects are under control.

Posted by qqq47660 > 2023-04-15 12:05 | Report Abuse

Western media smears and demonise China

Chinese media defends China what people to know the real China but Chinese media do not smear and demonise other people

Posted by foongsh > 2023-04-15 12:46 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

Giving subsidies to citizens is better than building white elephant

DSAI and Unity Government creating job opportunity to minimise jobless claim, all media give thumb up. Global supply chain will create more jobs for Malaysian.

Posted by qqq47660 > 2023-04-15 13:42 | Report Abuse

America media is a liar and war machine

Posted by IDQWE001 > 2023-04-15 14:41 | Report Abuse

Posted by foongsh > 1 hour ago | Report Abuse

DSAI and Unity Government creating job opportunity to

helping rakyat is the major task, boosting up GDP without boosting up living standards is nonsense.

Posted by qqq47660 > 2023-04-15 15:22 | Report Abuse

China’s ASEAN shipments up 34% year-on-year in March in clear sign ‘decoupling’ with developing Asia simply isn’t happening


Better don't call CPC evil

Posted by foongsh > 2023-04-15 19:28 | Report Abuse

Posted by IDQWE001 > 4 hours ago | Report Abuse

Posted by foongsh > 1 hour ago | Report Abuse

DSAI and Unity Government creating job opportunity to

helping rakyat is the major task, boosting up GDP without boosting up living standards is nonsense.

ASEAN countries are in rise export to US and western going up very fast, global supply chain happening and it is real. cheers up.

Posted by IDQWE001 > 2023-04-16 09:04 | Report Abuse

Warren Buffett cuts stake of China's BYD for the 10th time, why? Bad luck comes for China EV makers

https://youtu.be/ED0ID9gtsVM

Posted by IDQWE001 > 2023-04-28 08:57 | Report Abuse

NATGATE客户供应链
从中国转移到大马
至于NATGATE控股，分析员认为，其独特的价值主张能克服行业弱点。虽然未能幸免第一季的季节性疲软，但该集团有信心实现20%的利润年增长，因为消费电子产品、数据计算以及汽车领域的主要客户的订单有所增加。

“NATGATE控股的客户的供应链部分从中国转移到大马之后，该集团会看到大量机遇。它还在与新客户讨论业务，同样地，最早可能会在第三季看到收益贡献。值得注意的是，其8号工厂的新建筑已部分启用。”

Posted by supersaiyan3 > 2023-04-28 10:31 | Report Abuse

據一些還有訂單的廠商說，歐美客戶讓他們做好準備，一年後完全沒單了。

（有些人就是「身為韭菜的命，卻還擁有鎌刀的心。」真是可笑啊！）

（你看著他們很可憐，一些買股票老輸錢，卻還指天罵地的說世道不公，說管理者欺騙他們。但其實他們的人品與才學不配，怎麼可能賺到錢呢？）

Posted by IDQWE001 > 2023-05-02 18:26 | Report Abuse

Kian Ming: US-China tensions making govt complacent about creating compelling investor narratives

KUALA LUMPUR, May 2 — Former deputy minister of international trade and industry (Miti) Ong Kian Ming today said the unity government was showing signs of complacency when it came to creating a compelling narrative to attract foreign investments and steer the national economy.

The complacency was caused by US-China tensions, which meant Malaysia was taking for granted that investments would come the country’s way, he said on the podcast ‘Keluar Sekejap’.

“Maybe, for now, I think there is something a little like complacency.

“The complacency is because okay, China and the United States have tensions, so investments will come to South-east Asia and Malaysia will definitely be a beneficiary,”

Posted by IDQWE001 > 2023-05-02 18:31 | Report Abuse

Globetronics issues profit warning

KUALA LUMPUR: Globetronics Technology Bhd expects 2023 to be a challenging year and experience a decline in profitability.

“Several factors contributing to this decline include softer revenue forecasts from our customers, the full-year tax impact of our expired pioneer status in one of the subsidiaries, the full impact of increased minimum wages and increase in utilities costs,” the semiconductor manufacturer said in the notes accompanying its financial results.

Globetronics said the semiconductor industry continues to experience challenging macroeconomic and geopolitical issues resulting in supply chain disruption, uncertain end demand, rising inflation and manpower shortages.

Posted by IDQWE001 > 2023-05-02 18:32 | Report Abuse

Key words: semiconductor industry, geopolitical issues resulting in supply chain disruption