Chitchat Anti Chinese old fart talk nonsense.... rightists....

[tanwahtiu]

 

[Hypocrite-The]

There is a difference between anti ah tiong and anti Chinese...ah tiong are nationals from China...Chinese is a race ..why do racists ah tiongs like to claim all Chinese as ah tiongs for ang more bashing. But overseas Chinese in ah tiong land are treated as foreigners?

 

[tanwahtiu]

You more stupid than Trump.... come here to ask question... knn.

Ah tiong is hokkien for 中... so many idiots here worst then Trump....

There is a difference between anti ah tiong and anti Chinese...ah tiong are nationals from China...Chinese is a race ..why do racists ah tiongs like to claim all Chinese as ah tiongs for ang more bashing. But overseas Chinese in ah tiong land are treated as foreigners?

 

[Leongsam]

There is a difference between anti ah tiong and anti Chinese...ah tiong are nationals from China...Chinese is a race ..why do racists ah tiongs like to claim all Chinese as ah tiongs for ang more bashing. But overseas Chinese in ah tiong land are treated as foreigners?

This idiot @tanwahtiu thinks that just because he is pro Chinese that the Tiongs will consider him to be one of their own kind. The reality is that he is considered to be scum by the chinks.

 

[Hypocrite-The]

You more stupid than Trump.... come here to ask question... knn.

Ah tiong is hokkien for 中... so many idiots here worst then Trump....

So what? I dont call Hokkeins AH Tiong....and I dont call PRCs singkies,,,,u are just sprouting shit,,anyway,,considering the propaganda coming out from ah tiong land,,,its no surprise that the Commie AH Tiongs sprout shit,,,

 

[Hypocrite-The]

This idiot @tanwahtiu thinks that just because he is pro Chinese that the Tiongs will consider him to be one of their own kind. The reality is that he is considered to be scum by the chinks.

Well said,,,anyway,,every village needs an idiot,,if not this forum will be boring,,,,the most important is Village idiot comments dont drown out legitimate and proper discussions can oreadi,,,,good to have some comic relief though.

 

[tanwahtiu]

Name calling again... pro Chinese? Than you are pro Americunt... liars and bully....

911 is a what? Controlled demolition or plane crash into building...

Dont lie, pro Americunt...

This idiot @tanwahtiu thinks that just because he is pro Chinese that the Tiongs will consider him to be one of their own kind. The reality is that he is considered to be scum by the chinks.

 

[Hypocrite-The]

ABC Home
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NEWS HOME
China manufacturing weakens as economy slows and tariffs bite
BY BUSINESS REPORTER STEPHEN LETTS
UPDATED TUE AT 4:56PM
Email Facebook Twitter WhatsApp
A birds-eye image of a worker in an aluminium factory lifting up a large roll of aluminium foil with an electronic winch
PHOTO The pulse in China's industrial heartland was weaker in July.
REUTERS: STRINGER
Chinese factory activity has taken another step down, hit by a combination of a slowing domestic economy, the imposition of US tariffs and poor weather.

Key points:
Activity in Chinese factories slowed in July
A weaker Chinese currency offset damage from US tariffs, but new export orders still shrank
Chinese authorities are likely to further ease lending rules and boost infrastructure spending to support domestic economy
The official manufacturing Purchasing Managers' Index fell more sharply than expected in July, although overall manufacturing activity expanded slightly.

The PMI dropped from 51.5 to 51.2, with a reading of 50 separating expansion from contraction.

Readings of both output and new orders both fell, pointing to a slowing domestic demand.

Perhaps surprisingly, the measure of export orders was relatively steady in one of the first measures since the US escalated its trade dispute with China and broadened its tariff regime.

However new export orders did remain in contractionary territory.

Falling yuan offsets US tariffs
Capital Economics's Julian Evans-Pritchard said it appears the impact of the first tranche of US tariffs that came into effect this month is being largely offset by a weaker Chinese currency.

"Instead, weaker domestic demand appears to be to blame for the lower PMI reading — the import component fell to a 23-month low and the price indices point to an easing of producer price inflation in July," Mr Evans-Pritchard said.


While the official PMI tends to be heavily weighted to large state-owned enterprises, tomorrow's Caixin PMI will give a more complete picture with its focus on small-to-medium enterprises.

The National Bureau of Statistics' surveys for both construction and services sectors also pointed to a slowing domestic economy, with the non-manufacturing PMI hitting an 11-month low.

ANZ Senior China Economist Betty Wang said while trade tensions were a factor in the moderation in growth, the ongoing deleveraging campaign and unfavourable weather were bigger drivers behind the slowdown.

Ms Wang said while Chinese authorities have eased credit conditions on the banks recently, a step up in infrastructure investment was likely in coming months.

"While this is likely to lift domestic sentiment over the medium term, we are mindful of whether China will shift back to pump-priming the economy," she said.

Ms Wang said the figures pointed to a soft start to China's third quarter GDP number, with a risk annualised growth may now slip below 6.5 per cent.

POSTED TUE AT 4:47PM
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[tanwahtiu]

You are fucking stupid, thought Trump is stupid you are worst...

ABC Home
Open Sites menu - use enter key to open and tab key to navigate
Log In
Search
ABC News
Open menu
NEWS HOME
China manufacturing weakens as economy slows and tariffs bite
BY BUSINESS REPORTER STEPHEN LETTS
UPDATED TUE AT 4:56PM
Email Facebook Twitter WhatsApp
A birds-eye image of a worker in an aluminium factory lifting up a large roll of aluminium foil with an electronic winch
PHOTO The pulse in China's industrial heartland was weaker in July.
REUTERS: STRINGER
Chinese factory activity has taken another step down, hit by a combination of a slowing domestic economy, the imposition of US tariffs and poor weather.

Key points:
Activity in Chinese factories slowed in July
A weaker Chinese currency offset damage from US tariffs, but new export orders still shrank
Chinese authorities are likely to further ease lending rules and boost infrastructure spending to support domestic economy
The official manufacturing Purchasing Managers' Index fell more sharply than expected in July, although overall manufacturing activity expanded slightly.

The PMI dropped from 51.5 to 51.2, with a reading of 50 separating expansion from contraction.

Readings of both output and new orders both fell, pointing to a slowing domestic demand.

Perhaps surprisingly, the measure of export orders was relatively steady in one of the first measures since the US escalated its trade dispute with China and broadened its tariff regime.

However new export orders did remain in contractionary territory.

Falling yuan offsets US tariffs
Capital Economics's Julian Evans-Pritchard said it appears the impact of the first tranche of US tariffs that came into effect this month is being largely offset by a weaker Chinese currency.

"Instead, weaker domestic demand appears to be to blame for the lower PMI reading — the import component fell to a 23-month low and the price indices point to an easing of producer price inflation in July," Mr Evans-Pritchard said.


While the official PMI tends to be heavily weighted to large state-owned enterprises, tomorrow's Caixin PMI will give a more complete picture with its focus on small-to-medium enterprises.

The National Bureau of Statistics' surveys for both construction and services sectors also pointed to a slowing domestic economy, with the non-manufacturing PMI hitting an 11-month low.

ANZ Senior China Economist Betty Wang said while trade tensions were a factor in the moderation in growth, the ongoing deleveraging campaign and unfavourable weather were bigger drivers behind the slowdown.

Ms Wang said while Chinese authorities have eased credit conditions on the banks recently, a step up in infrastructure investment was likely in coming months.

"While this is likely to lift domestic sentiment over the medium term, we are mindful of whether China will shift back to pump-priming the economy," she said.

Ms Wang said the figures pointed to a soft start to China's third quarter GDP number, with a risk annualised growth may now slip below 6.5 per cent.

POSTED TUE AT 4:47PM
SHAREEmail Facebook Twitter WhatsApp
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Trade war masks a bigger problem in China's slowing economy
China's economy 'walking a tightrope' amid surprising slowdown
China hits a record trade surplus with the US as tensions mount
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NSW Police face backlash for Beyonce-inspired sexual assault warning
Bulldogs hand Broncos upset NRL loss
'If you have one of these cars don't drive it': ACCC issues fresh airbag warning
Father jailed for life for murdering son before watching AFL grand final
Analysis: The secret to Aldi's success is choosing what not to do
Woman dead after 'serious domestic violence' incident north of Brisbane
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Jennifer Aniston says there is a pressure on women to become mothers
Mother 'tried everything' to save daughter after dog attack
Attacker jailed for nine years after stairwell fall left female student brain-damaged
How ditching the 'fairytale filter' helped Jill Stark combat crippling anxiety
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MORE FROM ABC NEWS
HomeJust InPoliticsWorldAnalysis & OpinionBusinessSportScienceHealthArtsLive StreamsVideoPhotosEntertainmentUploadSubscribeRuralMore >
Top of page
Change to standard view
ABC NewsJust InWorldBusinessHealthEntertainmentSportAnalysis & OpinionWeatherTopicsArchiveCorrections & Clarifications
Terms of UsePrivacy PolicyAccessibilityContact the ABC© 2018 ABC

 

[tanwahtiu]

Fucking Burmese.... glad LKY accept shitskin Burmese like you in Singapore. If not today you will beg for food....

This idiot @tanwahtiu thinks that just because he is pro Chinese that the Tiongs will consider him to be one of their own kind. The reality is that he is considered to be scum by the chinks.

 

[Hypocrite-The]

'We're at economic war ': China is playing with fire in Trump battle
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'We're at economic war ': China is playing with fire in Trump battle
By Ambrose Evans-Pritchard
3 August 2018 — 1:41pm
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China's currency slide is moving from benign neglect to something more deliberate. Whether or not you deem it currency warfare, it is playing with political and financial fire.

The yuan has weakened by 9 per cent against the US dollar since mid-April. This is the steepest fall for the micro-managed exchange rate for a quarter century.

This week's blow-off to Y6.84 has been a move too far for Washington. The retort is a cannon shot across the bows. The Trump administration is now threatening to more than double punitive tariffs on a further $US200 billion ($270 billion) of Chinese goods, lifting the rate from 10 per cent to 25 per cent. It smacks of an embargo.

The economic war between the US and China is intensifying.
The economic war between the US and China is intensifying.
Photo: AP
The weak yuan is no longer just a strong US dollar story. The currency has been tumbling against the other big world currencies, the euro and the yen.

China's leaders have breached their pledge to hold the country's currency basket "generally stable". The People's Bank (PBOC) commands $US3.1 trillion of foreign exchange reserves. And it has chosen not to use this firepower to stabilise the yuan.
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What we do not yet know is why Beijing has taken this fateful step. Is it in order to undercut Donald Trump's earlier round of trade tariffs, triggered in early July on the first $US34 billion of Chinese goods? Or because the authorities are losing control, caught between a rock and a hard place as defaults rise and the economy flirts with a hard landing?

Perhaps it is both. Either spells trouble.

"It is a strange mix of a trade war and currency war, and is on the verge of becoming a very unstable situation. It is the biggest topic for global markets right now," said Jens Nordvig, from Exante, in New York.

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"China has been hit by several shocks. They still have a few bullets left to fire but they face a tricky balance. They can't stomach a strong currency. It needs to be even weaker," he said.

Nordvig said the pressures pushing down the yuan are obvious: the economy has wilted; interest rates are tumbling. The yield spread between US and Chinese five-year bonds - a key driver of currency moves - has shrivelled to almost nothing.

Policy pirouette
The reserve requirement ratio has been cut three times this year. On Tuesday, the politburo flagged a policy pirouette, effectively suspending its campaign to deflate the credit bubble. It is a return to fiscal stimulus as usual.

Beijing may have let its ferocious crackdown on shadow banking go too far. "The financial deleveraging campaign since early 2017 has resulted in a severe negative shock to aggregate credit supply. The real economy has begun to feel the pain," said Wei Yao from Societe Generale.

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"We think that the Chinese government has a good chance of avoiding a financial meltdown in the short term. The more likely risk scenario, to which we assign a 20 per cent probability, is an economic downturn that is deeper and more extended than expected," she said.

The People’s Bank of China has chosen not to use this firepower to stabilise the yuan.
The People’s Bank of China has chosen not to use this firepower to stabilise the yuan.
Photo: Bloomberg
Capital Economics said the pattern from China's stop-go cycles is that it takes 12 months for fresh stimulus to feed through, and it will be a less powerful dosage this time. The economic mood music will get worse before it gets better this year.

China faces a variant of the "impossible trinity". If it loosens monetary policy in these circumstances to shore up the economy, it risks capital flight and a further slide in the currency. Foreign investors have extracted $US100 billion already through the Hong Kong/Shanghai Connect pipeline.

Capital controls are tighter than they were during the Chinese currency crisis of 2015-2016, when the country was losing $US25 billion a week, but they are still leaky. The danger for Beijing is that by letting the yuan fall so far, so fast, it will set off a fresh rush for the exits.

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Parallel universe
As this drama unfolds, Washington is in a parallel universe. The Trump administration has seized on the currency warfare hypothesis for the weak yuan. Donald Trump accuses the country of stealing a competitive edge, grouching that the yuan is "dropping like a rock".

Make America great again? The suspicion is that Trump is using the trade war as a smokescreen for the bigger battle - stopping China from becoming a rival superpower.
Make America great again? The suspicion is that Trump is using the trade war as a smokescreen for the bigger battle - stopping China from becoming a rival superpower.
Photo: Bloomberg
The White House counterattack has sharpened this week. Officials are briefing that the threatened rise in tariffs on the next tranche of Chinese exports - televisions, washing machines, clothes, etc - is pitched high enough at 25 per cent to disarm Beijing's currency weapon.

Chinese leaders are struggling to come up with a response to the Trump phenomenon. They have got nowhere trying to fob off Washington with purchases of grains, oil, or liquefied natural gas - fungible commodities that shift the patterns of global trade without changing anything.

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The bigger picture
The suspicion is growing that Trump does not really want a trade deal, but rather wants to provoke China into tit-for-tat retaliation in order to carry out a pre-emptive assault on the country's technology-industrial complex before China is fully established as a rival superpower.

Trade policy cannot be separated from the geostrategic clash. The US national security strategy report this year names China for the first time as an adversary that seeks to "challenge American power, influence and interests, attempting to erode American security and prosperity".

Tariffs may just be a smokescreen. The fight is over control of artificial intelligence and the technologies of the 21st century.

Trump has largely purged the China "doves" in his inner circle, lending his ear instead to the quartet of hardliners.

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Their view is that the Communist Party has been engaged in systematic cyber theft of Western know-how - "unprecedented larceny" in the words of secretary of state Mike Pompeo - and that its "Made in China 2025" blueprint is a hostile attempt to dominate 10 strategic sectors.

It relies on a nexus of subsidies and cheap state credit, with party officials lodged on the boards of private companies. It is national mobilisation with a wartime structure.

This was bound to provoke trouble, and it has. "We're at economic war with China. One of us is going to be a hegemon in 25 or 30 years," says Trumpian ideologue Steve Bannon.

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All evidence suggests that this is in fact the Trump doctrine.

China is in a bind. Its 35-year phase of catch-up growth is exhausted. It is no longer a particularly dynamic economy. The "middle income trap" looms and it is grappling with a post-bubble hangover. Now it faces Trump.

Du Wanhua, a grand justice at the People's Supreme Court, wrote an extraordinary piece for China's judicial newspaper last week saying the country must prepare for mass insolvency.

"It's hard to predict how this trade war will develop and to what extent. But one thing is sure: if the US imposes tariffs on Chinese imports following an order of $US60 billion, $US200 billion, or even $US500 billion, many Chinese companies will go bankrupt," he said.

The Telegraph, London

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[tanwahtiu]

Trade war and 911 false flag.... to hurt Americans to go to war with wrong country......

Opium trafficker angmoh has no income from opium growing in India to fund war with China.

Target Nuke Califronia and smash Silicon valley will collapse America into oblivion... capital flight$ and exodus refugees of Califronia enough to duck US shitskin...