KEY POINTS
-A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar
-His remarks come ahead of a BRICS summit to be held in August in South Africa
-Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar
India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.
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1,487 comment(s).Last comment by IDQWE001 2023-10-04 18:00
Posted by IDQWE001 > 27 minutes ago | Report Abuse
Chinese professor says youth jobless rate might have hit 46.5%
With such high jobless rate, export dropped and bad debts with negative assets caused domestic low consumption power whatever GDP % growth announced smart money will not follow. Siok sendiri only
Financial and property markets are cyclical But Asian century is real. China don't even call it rise of China China calls it return to normality as 18 out of the last 20 centuries, China is the number one economy
I see America has far more problems than China. America as a society is polarised falling apart. People are unhappy and anxious While China in united patriotic is hard working, positive, optimistic good government, scare of what?
U try to unite Malaysia la. It seems impossible task For Malaysia the word excellence is beyond reach . What we can do is get along follow the lead hope for the best
Over time Confucian societies China, Japan Korea Vietnam Singapore will find their commonality and help each other. That is called rooted. And good for the whole region good for the world.
Confucian societies. The people's dreams and hopes are very different from the liberal democracies. And this is the century for Confucian societies are excel. And all Confucian societies see Singapore as a successful Confucian society
western journalism....... China GDP Q2 6.3 % they say lousy, America GDP Q2 1.1% they say vigorous....................well......that is western journalism.
proper comment......come what may, sanctions, de coupling, de risking, .................China GDP will better those from the west. This is a transition period to a multi polar world, technology self reliance and PLA so strong cannot be bullied by the west.
its actually very easy. When Wall Street comes crashing down, which it will by the end of the year.....................Japan and India will also follow. And China shares will go up as that is where the value is.
All developers, bankers, local governments, policemen, judges are CCP, home buyers in bad debts caused by abandoned housing projects still have to rent another house unit and keep on paying housing loans. Very pity.
In the event of DOW crash, China companies will sell their Iphones to Martians and Alpha Centauri residents who had already placed pre-orders at Area 51.
Experts in misinformation... western institutions fear criticism if they show any positive opinions on China...and that is the state of the world. Seek truth from facts cannot be found within main stream media ...it's too dangerous for them. It can be found in some alternative media
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
Some CCP dogs not even could master his ancient language, his parents must be shame on him.
CCP dogs could be communists, Coummunism and sociolism are failure system western rubbish.
Setback For De-Dollarization? No BRICS Currency Talks At South Africa Summit
The BRICS, an acronym referring to Brazil, Russia, India, China and South Africa, are meeting in Johannesburg in August 22-24 and it was rumored that group of nations could launch the common currency at the event.
South Africa's Ambassador at Large for Asia and BRICS Anil Sooklal said at a media briefing this week that the BRICS currency is not on the agenda at next month’s meeting, Reuters reported.
South Korean President went to USA, entertained and had a Karaoke sing-song. Recently, Samsung lost 98% of its Revenue in China market. India's PM went to USA recently, so understandably what India would do in the up-coming BRICS's meeting. We wait and see of the loses it entails. Maybe India could be an American mole in BRICS......
Communist bad CCP bad....such terms are so cartoonist. Such terms are used by China haters and mainly Americans....the truth China is very complex country with 5000 years history. .two Malaysians Chinese using such language is an insult to their parents insult to ancestors.
When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
Some CCP dogs not even could master his ancient language, his parents must be shame on him.
CCP dogs could be communists, Coummunism and sociolism are failure system western rubbish.
Russian Missile Strike Damages Chinese Consulate in Odesa
The missile strike by Russian forces on Odesa, that occurred on the night of July 20, resulted in damage to the building of the Consulate General of the People’s Republic of China, Oleg Nikolenko, the Foreign Ministry spokesperson, reported.
Nikolenko said that the Foreign Ministry is communicating with the Chinese embassy to assess the extent of the damage and offer any necessary assistance.
The Chinese consulate general in Odesa is situated in the city's central area and is owned by China.
Japanese stocks surge on strong earnings, BOJ meeting looms Japan’s Nikkei 225 and the TOPIX were the best performers in Asia on Monday, rising 1.5% and 0.8%, respectively.
Both indexes were boosted by major automobile stocks following strong earnings from Mitsubishi Motors Corp. (TYO:7211), which clocked a 24% jump in its June quarter profit. The stock rose 5.6% and was the best performer on the Nikkei.
Peers Mazda Motor Corp (TYO:7261), Toyota Motor Corp (TYO:7203) and Nissan Motor Co (TYO:7201) rose between 1% to 5%, and are set to report their June quarter earnings in the coming weeks.
Broader Japanese shares were also aided by anticipation of a BOJ meeting this Friday, with the central bank widely expected to maintain its ultra-dovish stance for the time being.
Other Asian markets advanced on Monday. South Korea’s KOSPI rose 0.8%, while strength in bank stocks helped Australia’s ASX 200 rise 0.2%.
On the other hand, futures for India’s Nifty 50 pointed to a weak open, after the Nifty and the BSESN fell sharply from record highs on Friday. Both indexes are expected to see more profit taking in the coming days.
Chinese stocks lag as property sector tumbles, stimulus in focus Chinese stocks lagged their peers for the day, coming under pressure from steep losses in the property sector amid renewed concerns over a debt crunch in the sector.
Hong Kong’s Hang Seng slid 1.2%, with real estate firm Country Garden Holdings Company Ltd (HK:2007) among the worst performers on the index as investors questioned its ability to meet its debt obligations.
China’s bluechip Shanghai Shenzhen CSI 300 index fell 0.2%, while the Shanghai Composite was flat.
Still, investors were also watching for any more stimulus measures in the country, amid a worsening slowdown in economic growth.
Wanda to Raise $314 Million From Asset Sale as Bond Matures Chinese conglomerate agrees to sell 49% of entertainment unit Firm has a $400 million bond that’s effectively due Monday July 23, 2023 at 6:46 PM EDT Updated on July 23, 2023 at 11:20 PM EDT Dalian Wanda Group Co. is selling a stake in one of its entertainment units for 2.26 billion yuan ($314 million), raising odds the Chinese conglomerate will avert default on a maturing dollar bond.
China developer Country Garden shares extend losses on debt worries; others fall
SHANGHAI/SINGAPORE (Reuters) -Shares and bonds in Chinese property developer Country Garden and its property service arm Country Garden Services Holdings tumbled on Monday, extending losses from the previous week on debt concerns.
More liquidity troubles surfaced in China's property sector last week, sending down shares and bonds of the country's biggest developers.
Country Garden Services Holdings shares slumped more than 10% on Monday, while Country Garden fell more than 5%, with both down to their lowest level since last November.
Two onshore-traded bonds of Country Garden, plunged roughly 20% each, and some of its offshore-listed bonds also declined.
The property firm's move last week to refinance part of a 2019 loan facility failed to assure investors of its ability to repay debt due in coming months.
Is Cathie Wood Giving Up on Chinese Stocks? Cathie Wood just made a bold move
2d ago · By Josh Enomoto, InvestorPlace Contributor Cathie Wood of Ark Invest fame just revealed a bold move regarding Chinese stocks. The notable investor’s Ark Innovation ETF (ARKK) just exited stocks generating revenue from China. Wood is particularly worried about China’s real estate market.
One of the most respected voices on Wall Street, Cathie Wood of Ark Invest fame recently stated that her flagship Ark Innovation ETF (NYSEARCA:ARKK) reduced its exposure to Chinese stocks to zero. Fundamentally, while recognizing positives in the world’s second-largest economy, worries remain about some of its vulnerabilities — particularly China’s real estate market.
Smart investors know what to do but not for qqq etc .... Lol
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by IDQWE001 > 2023-07-18 09:23 | Report Abuse
KEY POINTS -A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar -His remarks come ahead of a BRICS summit to be held in August in South Africa -Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.