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.

Be the first to like this.

1,487 comment(s). Last comment by IDQWE001 2023-10-04 18:00

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-24 13:32 | Report Abuse

Don't talk about 3000 years history, nowaday what is happening he also blur blur.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-24 14:44 | Report Abuse

u go to america and shout CCP, there will be negative emotions
u go to China and shout CPC, there will be positive emotions.
in Malaysia, u shout CCP/CPC people think u are crazy.

foongsh

1,378 posts

Posted by foongsh > 2023-07-24 16:57 | Report Abuse

Posted by IDQWE001 > 3 hours ago | Report Abuse

Don't talk about 3000 years history, nowaday what is happening he also blur blur.

A silly fool talk about 3000 years history for today stock investment is really crazy.

foongsh

1,378 posts

Posted by foongsh > 2023-07-24 16:58 | Report Abuse

China property developers' shares, bonds slump as sector worries deepen

SHANGHAI/SYDNEY: Stocks and bonds in China's real estate industry fell to around eight-month lows on Monday as repayment worries at two of the country's biggest developers plunged confidence in the sector deeper into crisis.

Cash crunches at giants Country Garden and Dalian Wanda show funding trouble has reached what many hoped were the largest and safest players in a business that once contributed a quarter of China's gross domestic product and is now all but frozen.

Doubts are growing that official support of any size is on the way, and investors do not expect any aid to be aimed at shareholders.

Country Garden shares fell 6% to an eight-month low and shares in its services arm fell 16%. Country Garden dollar bonds fell to less than a fifth of their face value.

Shares at rival Longfor dropped 10%, while an asset sale at Wanda failed to revive bond prices as investors waited on whether the cash actually reaches bondholders' pockets.

"As market sales continue to weaken and policy expectations continue to fall short, it will be difficult for real estate developers to repay bonds by their own operations," said Yao Yu, founder of credit analysis firm Ratingdog.

"Investors must become more and more pessimistic."

Property development has ground to a halt in China as a government crackdown on debts and crumbling public confidence have left builders unable to sell apartments or refinance their dues.

Guidelines promoting urban redevelopment published late on Friday were seen as small scale, leaving investors hoping for more from a Politburo meeting expected this week. That big names were struggling, however, highlighted the depth of the problems.

An index of mainland developers fell 5.5% on Monday and was on course for its worst session of 2022.

"Everything is falling," said a Hong Kong debt fund manager, who spoke on condition of anonymity.

"The major thing that we see now is onshore-traded Country Garden bonds going down," he said. "That is the largest one. People get scared if that one cannot survive."

NEW JITTERS

Country Garden is a giant with thousands of projects in nearly 300 Chinese cities. Its move to refinance a 2019 loan facility surprised and unnerved investors, and comes on the heels of ratings downgrades and new defaults elsewhere.

Country Garden's onshore-traded bonds slumped to less than half of their face value on Monday and dollar bonds due in 2025 and 2031 fell below 20 cents on the dollar.

Wanda, China's largest commercial developer, was also scrambling for cash for one of its subsidiaries to make an already-late coupon payment due before the end of a grace period on July 30. It sold part of another subsidiary to streaming firm China Ruyi for $320 million, which a source familiar with the matter said would help it repay a separate $400 million bond.

State-backed developer Greenland Holdings has missed repayments this month, while Sino-Ocean Group proposed extended terms for a 2 billion yuan ($278 million) bond due on Aug. 2.

The fresh troubles have squashed a nascent rally when China lifted COVID-19 controls and opened its borders after years of movement restrictions.

Restructuring plans at Evergrande, which was the poster-child of the sector's 2021 plunge into funding stress, remain before courts in Hong Kong and the Cayman Islands, while property sales are in the midst of a new slowdown.

"Distressed Chinese property developers' bond restructurings can buy them some room," Fitch Ratings said in a report on Monday. "But most will continue to face repayment difficulties if home sales do not recover for a sustained period."

foongsh

1,378 posts

Posted by foongsh > 2023-07-24 17:00 | Report Abuse

Those proud of negative asset and happy for real estate burble burst is a real crazy fool.

foongsh

1,378 posts

Posted by foongsh > 2023-07-24 17:03 | Report Abuse

Hong Kong court to hold hearings on China Evergrande restructuring plan in Sept
TheStar Mon, Jul 24, 2023 02:40pm - 2 hours

HONG KONG: A Hong Kong court will hold sanction hearings over whether to approve embattled Chinese property developer China Evergrande Group's offshore debt restructuring plan on Sept. 5 and Sept. 6, the court ruled on Monday.

A convening hearing for Evergrande's offshore debt restructuring plan was held in Hong Kong's High Court on Monday. A separate hearing will also take place at a Cayman Islands court on Tuesday.

With total liabilities of $330 billion, Evergrande is the world's most indebted property developer, and its default in late 2021 has led to a string of defaults and uncompleted homes across China.

It announced a debt restructuring plan in March, proposing to creditors a basket of options to swap their debt into new bonds and equity-linked instruments.

CCP supporters please buy more bonds to support real estate sector and don't just lip service.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-24 20:12 | Report Abuse

beyond the headlines, there is a country of 1.4 billion people, well led, patriotic, smart...scare of what?? no more China century meh?

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-24 22:45 | Report Abuse

不是新加坡! 中国富豪移民首选澳洲

2023年07月21日

(华盛顿21日讯)中国放宽防疫措施后,有外媒报道,2022年约有1万800名中国富豪移民,而澳洲是今年上半年中国购房者的首选海外地点第1名,而不是中国富豪过往最爱的新加坡。

根据美国财经媒体报道,投资移民谘询公司Henley&Partners在报告中指出,未来几年中国富豪持续外流,将推动中国人对海外房地产的投资。预估在2023年至2025年,约有71.2万中国人移民到美国、加拿大和澳洲。

报道引用IQI房地产公司的最新排名,其中澳洲是今年上半年中国购房者的首选海外地点第1名,其次是加拿大、英国,美国第4名、新加坡排第10名。

报道提到,中国买家重返澳洲房地产市场,预计今年中国对澳洲房地产的投资,将比2022年成长至少30%。外国投资审查委员会的数据显示,去年第4季,中国是澳洲住宅房地产最大的海外投资国,投资额高达6亿澳元(约18亿5000令吉)。

Local residents are running now to western countries not Russia, North Korea or Iran etc. They prefer buy properties overseas.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 11:26 | Report Abuse

Don't be a Malaysian serpenza...

Serpenza very bad for Malaysia very bad for China very bad for Chinese..

So bad that his wife left him already

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 11:28 | Report Abuse

When consuming western media, u must know where they come from what is their objectives.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 11:31 | Report Abuse

China not scared of any thing. In the 3 years of lock down, China did not waste time away. China make use of time to suddenly emerge with hundreds of EV and will dominate the industry

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 11:32 | Report Abuse

Even in the chips industry, China has over come. Will emerge stronger. Even Huawei will emerge stronger

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 11:34 | Report Abuse

How do u stop a China that is so innovative, so fast , so hard working, so many genius so well led? It's not possible

foongsh

1,378 posts

Posted by foongsh > 2023-07-25 12:01 | Report Abuse

Posted by IDQWE001 > 13 hours ago | Report Abuse

不是新加坡! 中国富豪移民首选澳洲

CCP anti western is fake local chinese first choice running to western. Russia, Iran and North Korea leave it to qqq. Lol.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-25 12:21 | Report Abuse

Posted by foongsh > 16 minutes ago | Report Abuse

不是新加坡! 中国富豪移民首选澳洲

Foreign Minister disappeared for a month without any update even worse than ISA 3rd world country. Only happen in dictator country. Could he migrate to US with his beloved girl friends and US dollars ?

ThunderZX

102 posts

Posted by ThunderZX > 2023-07-25 14:09 | Report Abuse

IF china are so good, why are they migrating ? ??

Posted by yourfrenemy > 2023-07-25 14:40 | Report Abuse

China that is so innovative but nobody is migrating to China, explain pleaseeee

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 14:57 | Report Abuse

HK up 800 points...instead of posting rubbish go and buy some HK shares

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 14:59 | Report Abuse

China that is so innovative but nobody is migrating to China, explain pleaseeee

+++

China is by far the most innovative place in the world...for 40 years already change is the only truth in China ..people are used to changes

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 15:00 | Report Abuse

Look at how fast China come to dominate the whole green industry supply chain and ev

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 15:09 | Report Abuse

German and Japanese auto companies are in deep trouble in China as they cannot compete with the China companies.

ahbah

6,236 posts

Posted by ahbah > 2023-07-25 17:02 | Report Abuse

India Shuts Down Talk Of BRICS Currency on a short term or temporary basis onli ?

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-25 17:37 | Report Abuse

Tesla to discuss factory plan for new $24,000 car with India commerce minister -sourceReuters / Updated: Jul 25, 2023, 10:05 IST

Model will domonate the market those car manufacturers with government subsidies could not compete with this model.

Tesla Revenue Doubles Outside US and China
Tesla’s revenue from international markets outside of the United States and China more than doubled in the second quarter.

Although the U.S. remains Tesla’s biggest source of sales, revenue in the country has plateaued in the past couple of quarters, Bloomberg reported Monday, citing a regulatory filing by the maker of electric cars. But it is now selling more vehicles than ever in markets outside the U.S. and China.

The company’s revenue from international markets leaped from $3.53 billion in the second quarter of 2022 to $7.86 billion in the second quarter of this year, according to Tesla’s Form 10-Q filed with the Securities and Exchange Commission (SEC).

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-25 17:39 | Report Abuse

Posted by ThunderZX > 3 hours ago | Report Abuse

IF china are so good, why are they migrating ? ??

If China so good qqq would have migrated to China, if so, he could not assess this web page and talk nonsense already.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-25 17:41 | Report Abuse

中国烂尾楼苦主砸百万一场空 不再信政府话术
Sinchew Tue, Jul 25, 2023 04:52pm - 49 minutes
(上海25日讯)即使中国最高决策机构中央政治局会商优化房市,但当前中国仍一堆难收尾的烂尾楼,英国广播公司(BBC)报导,烂尾楼的苦主说,他们不再相信政府的话术,因投入百万人民币却落得一场空。

据BBC制播约莫4分钟的影音,披露过去一年中国多个省市爆发烂尾楼危机的惨况,以致屋主纷纷抵制不缴房贷,如今这个棘手难题持续蔓延发酵。

报导说,许多建案至今仍复工难,交屋更遥遥无期,像是浙江的王先生,2021年以69万(人民币,下同)承购一幢公寓,同年底就停工了,并于今年初与其他屋主,共同停缴每月5000元的房贷。

王先生说,建商起初找各种理由推拖拉,之后发觉来讨公道的人越来越多才说实话,的确是因为没钱只能喊停,很无力也没办法,一开始的确很生气觉得被骗,如今气也没用只能释然。

他表示:“以后再也不会买这种期房(预售屋),而且不会相信政府等等的一些话术。”

现年49岁的崔海盛来自河南,2019年砸积蓄的大部分约莫120万买房给儿子讨媳妇成家,原先建商承诺2年完工交屋,但工期一延再延,如今建商索性全面停摆,以致儿子还得在外租房同时还得缴房贷,蜡烛两头烧。

崔海盛也曾依照当局规定与流程上访(投诉),说好的数日后回信也是音讯全无,“我们投资了100多万在这个地方,看不到一点回报”。

另据高盛6月发表的报告指出,由于中国政府盼减少经济及财政对房市的依赖,中国房市未来数年将持续疲弱,并呈L型走势等待复苏,拖累中国经济成长。

这篇报告指出,中国政府已表示,不再藉由房地产市场作为短期刺激经济的工具,并打算支持策略性重点工业,高盛更直指,中国不会有快速恢复房市的方法。(中央社)

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-25 17:47 | Report Abuse

India Stock Market Outlook July 2023

The month of June presented a blockbuster rally in the Indian stock market that led both the NIFTY 50 and BSE Sensex to climb to their all-time highs, not once but thrice. The NIFTY 50 traded near the 19,300 mark and Sensex surpassed 65,000 as the month ended on the back of strong inflows from foreign institutional investors (FIIs), robust corporate balance sheets, moderating inflation and growth picking up coupled with expectations of a normal monsoon season, all of which bolstered the sentiment of market participants.

Kawan all-time high and not today 800 points up only. Lol.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 19:42 | Report Abuse

India opt out of even RCEP.....do not expect India to contribute much to BRICS+

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 19:43 | Report Abuse

2050 or even 2100.......can India cities ever be as clean as China cities as clean, as many infrastructure, as safe, as many parks, as green ? I doubt it.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-25 21:45 | Report Abuse

China cities are extraordinarily well built, well designed, they call it 15 minutes cities, every thing is within easy reach, very clean, well maintained very very safe., plenty of greeneries and parks.
no tent cities no slums

ahbah

6,236 posts

Posted by ahbah > 2023-07-25 23:06 | Report Abuse

But India got a lot of contributions from BRICS countries like buying chip oil from Uncle Put Tin ?

foongsh

1,378 posts

Posted by foongsh > 2023-07-25 23:07 | Report Abuse

posted by IDQWE001 > 5 hours ago | Report Abuse

India Stock Market Outlook July 2023

Kawan all-time high and not today 800 points up only. Lol.

India, Japan and Mexico are with sound and solid alliance, smart money is smart enough where to go.

foongsh

1,378 posts

Posted by foongsh > 2023-07-25 23:11 | Report Abuse

South Africa says Putin will skip a Johannesburg summit next month because of his ICC arrest warrant

CAPE TOWN, South Africa (AP) — Vladimir Putin has agreed not to attend an economic summit in Johannesburg next month that will include China’s premier and other world leaders because of an arrest warrant by the International Criminal Court for the Russian president, South African authorities said Wednesday.

Russia and summit host South Africa reached a “mutual agreement” that Putin would not attend the Aug. 22-24 gathering, which brings together a bloc of developing economies known as BRICS, though he was initially invited, the office of South African President Cyril Ramaphosa said.

The development could be viewed as embarrassing for Putin, who is now expected to be the only leader of a country in the bloc not to attend.

Evil Putin could only travel to visit his evil brothers somewhere around Russia, he is behaving like a mouse in the rest of his life. The consequence of a killer.

foongsh

1,378 posts

Posted by foongsh > 2023-07-25 23:27 | Report Abuse

Posted by IDQWE001 > 5 hours ago | Report Abuse

Posted by ThunderZX > 3 hours ago | Report Abuse

IF china are so good, why are they migrating ? ??

If China so good qqq would have migrated to China, if so, he could not assess this web page and talk nonsense already.

qqq could not master his own ancient language, CCP will condemn him as a spy. He could not survive in China.

foongsh

1,378 posts

Posted by foongsh > 2023-07-25 23:32 | Report Abuse

战狼王毅重获委任 取代秦刚再任外长
2023年 07月 25日
中国外交部长换人当,王毅再次掌管外交部,取代不见踪影超过一个月的秦刚。

中国中央电视台今天(25日)报道,王毅正式取代秦刚成为中共的新任外长。

57岁的秦刚是擢升速度飞快,同时是中国史上最年轻外长,但从6月25日开始,他就消失在公众面前,虽然中国外交部对外解释秦刚因为健康因素暂时缺勤,但因为一直无法提供明确资讯,导致流言四起,甚至传出秦刚与香港凤凰卫视女主播傅晓田有染生了私生子,也有传言指控傅晓田是美国双面间谍,策反了秦刚,两人更因此被逮捕。

CCP members always talk anti US but love US dollars and many girl friends. Xi used the wrong person, it proved that he was a bad leader and assigned the wrong person. Where is Gang ? Worse than ISA 3rd world country.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 13:10 | Report Abuse

haters will continue to hate but it is disgusting behavior.
Hate China is an American pastime, its like american football but what it has to do with Malaysian Chinese. ?

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-26 15:32 | Report Abuse

Indian stocks surge as strong earnings offset pre-Fed gloom

Investing.com-- Indian stocks rose on Wednesday following strong earnings and increased dealmaking activity in the country’s biggest companies, largely outperforming their Asian peers ahead of a Federal Reserve interest rate decision.

The Nifty 50 index rose 0.7% to 19,810.45 points, while the BSE Sensex 30 rose 0.7% to $66,841.01 points by 00:56 ET (04:56 GMT), with both indexes moving back towards record highs hit earlier in the month.

Very strong earnings to push up the index. Not like other stock markets only one day show. Lol.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-26 15:33 | Report Abuse

Posted by foongsh > 16 hours ago | Report Abuse

South Africa says Putin will skip a Johannesburg summit next month because of his ICC arrest warrant

Evil Putin could only travel to visit his evil brothers somewhere around Russia, he is behaving like a mouse in the rest of his life. The consequence of a killer.

There is always a price to pay as an evil killer.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-26 15:37 | Report Abuse

Posted by foongsh > 16 hours ago | Report Abuse

战狼王毅重获委任 取代秦刚再任外长
2023年 07月 25日
中国外交部长换人当,王毅再次掌管外交部,取代不见踪影超过一个月的秦刚。

CCP members always talk anti US but love US dollars and many girl friends. Xi used the wrong person, it proved that he was a bad leader and assigned the wrong person. Where is Gang ? Worse than ISA 3rd world country.

This is typical culture of CCP keep on talking bad about westerns but love US dollars and many girl friends. End up just disappear in the world become X-file. Very bad system worse than ISA in 3rd world country.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-07-26 15:39 | Report Abuse

Posted by foongsh > 16 hours ago | Report Abuse

qqq could not master his own ancient language, CCP will condemn him as a spy. He could not survive in China.

He could not master Chinese language, if migrated there, he would be another X-file due to keep on communicating in 26 alphabets and treated as a spy. Lol.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 16:21 | Report Abuse

haters will continue to hate but it is disgusting behavior.
Hate China is an American pastime, its like american football but what it has to do with Malaysian Chinese. ? u think u can make money like serpenza selling hate stuffs meh?

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 16:22 | Report Abuse

2 idi.otic malaysian chinese.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 16:29 | Report Abuse

big differences between feudal society ( India) and post revolution ( China).

clear for all to see.

foongsh

1,378 posts

Posted by foongsh > 2023-07-26 16:34 | Report Abuse

印度曝中国手机制造商3巨头 逃税非法汇款44.6亿

(上海26日讯)腾讯新闻周三(26日)报道,印度财政部近日通报,包括小米、vivo和OPPO等中国智慧型手机制造商逃关税及非法汇款总金额近800亿卢比(约44.6亿令吉),但印度税务机关仅追回其中不到8%。

印度财政部表示,小米、OPPO与vivo自2017年起至今,分别逃关税68亿1600万、440亿3000万与287亿5000万卢比,税务部门仅追回60亿4550万卢比,占比低于8%。

此外,印度财政部另判定,上述公司在2017年7月至2023年6月涉嫌逃避商品和服务税的13个案例,总金额达110亿8000万卢比,税务部门成功追回约近102亿5000万卢比。

印度财政部说:“在印度运营的主要中国手机品牌包括OPPO、vivo、小米、Transsion(在印度运营三个品牌,即Itel、Tecno和Infinix)、realme和一加。它们在2021至2022年的类计营业额预计为1兆5000亿卢比。”

近年,中印因边界争议关系恶化,双方互逐对方记者,印度政府更是对在印中企下重手,包括指控中国手机制造商小米“向外国实体非法转移资金”,涉嫌违反外汇管理法,扣押小米人民币48亿。

6月中旬,环球时报引述印度经济日报报道指出,印度政府要求小米、OPPO、realme和vivo等智慧手机制造商,任命印度籍人士担任首席执行官、首席运营官、首席财务官和首席技术官等职位。(中央社)

War is everywhere ? Still want to lead country to war ?

foongsh

1,378 posts

Posted by foongsh > 2023-07-26 16:35 | Report Abuse

Posted by IDQWE001 > 56 minutes ago | Report Abuse

This is typical culture of CCP keep on talking bad about westerns but love US dollars and many girl friends. End up just disappear in the world become X-file. Very bad system worse than ISA in 3rd world country.

Very easy just blame the westerns again.

foongsh

1,378 posts

Posted by foongsh > 2023-07-26 16:37 | Report Abuse

Posted by IDQWE001 > 55 minutes ago | Report Abuse

He could not master Chinese language, if migrated there, he would be another X-file due to keep on communicating in 26 alphabets and treated as a spy. Lol.

A person could not communicate with ancient language his parents must be shame on him. A silly fool anti western still want to communicate in 26 alphabets.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 16:45 | Report Abuse

big differences between feudal society ( India) and post revolution ( China).

clear for all to see.

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 16:55 | Report Abuse

In feudal India the stock market is a closed club for the feudal lords and foreign investors completely cut off from the rest of society

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 17:03 | Report Abuse

In feudal India corruption runs rampant, it's bureaucratic every where, very often things makes no sense. , Innovations will be stifled, ....India will find it hard to improve and modernise.....

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 17:05 | Report Abuse

Agreements is not worth much in India...they can change their policies at any time

qqq47660

8,999 posts

Posted by qqq47660 > 2023-07-26 17:07 | Report Abuse

But they are a democracy, well western media and politicians will love them .... As long as they don't have to live in India

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