Taiwan and China thread.

Evergrande has now filled for bankruptcy. Only a matter of time till Country Garden follows

www.reuters.com

China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court

China Evergrande , which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a U.S. bankruptcy court.
www.reuters.com www.reuters.com
 
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So China has now banned Teslas and more vehicles will be added later from parking within a certain radius of any government or military facility. There are signs going up everywhere, it's bad enough that at least in one city Tesla can't park anywhere near the city's civilian airport because the PLA are also there

Why is this? It's because the CCP has figured out that it can use its own cars to spy on foreign governments and because they know they can do this, they think Americans can do it as well so are proactively banning any foreign vehicles that theoretically have enough onboard electronics and sensors to be used for spying. And yea a Tesla does, with all the senora and cameras it could in theory capture a whole lot of audio and video if you were to say park it in in front of a government building
 
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Grim5 said:
So China has now banned Teslas and more vehicles will be added later from parking within a certain radius of any government or military facility. There are signs going up everywhere, it's bad enough that at least in one city Tesla can't park anywhere near the city's civilian airport because the PLA are also there

Why is this? It's because the CCP has figured out that it can use its own cars to spy on foreign governments and because they know they can do this, they think Americans can do it as well so are proactively banning any foreign vehicles that theoretically have enough onboard electronics and sensors to be used for spying. And yea a Tesla does, with all the senora and cameras it could in theory capture a whole lot of audio and video if you were to say park it in in front of a government building
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TBF that’s most modern vehicles especially with basic autonomous driving capabilities and up. Anyone could hack into one of those and access the cameras.
 
Grim5 said:
Evergrande has now filled for bankruptcy. Only a matter of time till Country Garden follows

www.reuters.com

China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court

China Evergrande , which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a U.S. bankruptcy court.
www.reuters.com www.reuters.com
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Update: country garden just announced it's lost $7.5 billion in the first 6 months of 2023 and warned that it may need to declare bankruptcy

www.reuters.com

Country Garden's cash flow in focus as troubled firm set to report $7.5 bln loss

Just how cash-strapped embattled Country Garden Holdings is will be the focus when China's largest private property developer is due to report its first-half results on Wednesday.
www.reuters.com www.reuters.com
 
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Is this just a rehashing of the chip based off of AMD tech transfers?

The issue was whether they could scale it properly without the knowledge base from ASML.
 
The U.S' decoupling from China has passed a new milestone. As of last month, China is no longer the largest trading partner with the US. Mexico has overtaken China to become the largest trading partner
 
Craterloads said:
Seems china have cracked 7nm, with the US showing some concern.

Either that or they have just evaded sanctions to get the tech in.
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China does seem to have a working 7nm production capability though indications are that it requires each design to be "hand built" for it and frequency is somewhat limited. That will eventually give them the experience to perfect it however.
 
Indian opposition leader says modern day China only exists because the West created it and allowed it to exist. But now he says China has shown it's an unreliable and aggressive trade partner focused on coercing others, and due to that, he urges the West to allow India to take China's place as the worlds factory

www.scmp.com

West ‘created’ modern China by making it world’s factory: India’s Rahul Gandhi

Indian opposition leader Rahul Gandhi said the US and Europe had facilitated China’s ‘coercive production model’, and he advised the West to establish a democracy-based manufacturing alternative with India.
www.scmp.com www.scmp.com
 
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Don't mention Modi's role in anti-muslim killings , or their support for Russia, but there again, Rishi sold out with the G20 statement (will Keir capitalize)


unsurprisingly Chinese are cleverer than some & Biden expected
Chinese manufacturers seeking to skirt the higher costs imposed by the trade war are pouring money into Mexico as a base for exports to the U.S. Investment in Mexico by Chinese companies totaled $2.52 billion last year, up about 50% from 2021, according to the National Autonomous University of Mexico.
..
"For the sensitive products like semiconductors and telecommunication equipment, it seems that some production shifted out of China to other Asian developing economies, most notably Vietnam," David Dollar, a senior fellow at the Brookings Institution, wrote in a report on the USMCA.
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e:

Episode 1​

India: The Modi QuestionSeries 1
Episode 1 of 2
A look at the tensions between Indian PM Narendra Modi and India’s Muslim minority, investigating claims about his role in the 2002 riots that left over a thousand dead.
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China & Modi are just perpetuating Ukraine V - so maybe truss is right China's a threat to UK - should have an additional import duty/sanction on products using russian oil.

www.iea.org

Oil Market Report - August 2023 – Analysis - IEA

Oil Market Report - August 2023 - Analysis and key findings. A report by the International Energy Agency.
www.iea.org www.iea.org
  • Russian oil exports held steady at around 7.3 mb/d in July, as a 200 kb/d decline in crude oil loadings was offset by higher product flows. Crude exports to China and India eased m-o-m but accounted for 80% of Russian shipments. Higher oil prices, combined with narrowing discounts for Russian grades, pushed estimated export revenues up by $2.5 bn to $15.3 bn, $4.1 bn below year-ago levels.
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