Taiwan and China thread.

It's well known that Chinese companies fake their financial statements with all sorts of tricks. One of the common ones is balance sheet asset boosting by overvaluation of assets - for example Chinese developers value their unsold properties at values way above what they can actually be sold for.

Due to this when Western investors invest in Chinese companies they must place additional risk premium for the fact that the real finances of the company will be worse than they claim and there is little in terms of regulation to fix it.

Evergrande however pulled another trick in addition to balance sheet boosting. It turns out they were also doing income statement boosting by claiming revenue that did not exist for properties several years ahead they have not built, pulling future theoretical revenue and claiming its revenue for the current year.

Because of this the company is worth a lot less than the company tried to portray for many years now.

As a result China is charging the company and its founder with fraud to the value of $78 billion

That makes this the biggest fraud in history; no longer will Enron have that top fraudster spot


 
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www.theguardian.com

US and UK unveil sanctions against Chinese state-backed hackers over alleged ‘malicious’ attacks

The US alleges the individuals were working as a front for Beijing in an indictment and sanctions announcement
www.theguardian.com www.theguardian.com

Our political class is so weak in our response to China. We've got a bunch of Neville Chamberlain clones or they are plain corrupt.

China should have been on the enemy list the moment they broke the deal on Hong Kong. They disrespected us. They aren't going to respect us prostrating ourselves to them as they know why we're doing it. Our government is making us look like weak idiots.
 
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BowdonUK said:
Our political class is so weak in our response to China. We've got a bunch of Neville Chamberlain clones or they are plain corrupt.

China should have been on the enemy list the moment they broke the deal on Hong Kong. They disrespected us. They aren't going to respect us prostrating ourselves to them as they know why we're doing it. Our government is making us look like weak idiots.
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Money, pure and simple! Personal money is more rare as its too easy to get caught so instead its "what is good for my Country so that I can benefit politically from my populations goodwill" money, so cheap trade leads to a happy population who have their cheap goods and who stay happy making the politicians continued job much easier etc.
 
Minusorange said:

It's not the first time they've said this is it ? It always seems contradictory they support the current status which is Taiwans independence but they also don't support Taiwans independence :confused:
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That's just the U.S strategy

Officially they dont support independence, but if anyone tries to take their independence away by force, the US military will show up and kick the door in

The U.S strategy is smart, because it stops China from taking Taiwan, while at the same time officially not supporting Taiwan's independence.
 
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Grim5 said:
That's just the U.S strategy

Officially they dont support independence, but if anyone tries to take their independence away by force, the US military will show up and kick the door in

The U.S strategy is smart, because it stops China from taking Taiwan, while at the same time officially not supporting Taiwan's independence.
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Agreed if western nations started openly back Taiwan’s independence it is a slap in the face to China who would inevitably have to respond and it is a war that benefits nobody.
 
a1ex2001 said:
Agreed if western nations started openly back Taiwan’s independence it is a slap in the face to China who would inevitably have to respond and it is a war that benefits nobody.
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I'm not sure about that...

If war is inevitable is it not better it happen sooner rather than when China is good and ready for it?
 
Grim5 said:
That's just the U.S strategy

Officially they dont support independence, but if anyone tries to take their independence away by force, the US military will show up and kick the door in*

The U.S strategy is smart, because it stops China from taking Taiwan, while at the same time officially not supporting Taiwan's independence.
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*presidential support may go up as well as down
 
ianh said:
Money, pure and simple! Personal money is more rare as its too easy to get caught so instead its "what is good for my Country so that I can benefit politically from my populations goodwill" money, so cheap trade leads to a happy population who have their cheap goods and who stay happy making the politicians continued job much easier etc.
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Agreed. We seem to be selling out so we can keep buying unless tat on Amazon.
 
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Jack_green said:
Laws in Europe will enforce conscription and UK is one country that will revert back to conscription.
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Ha, good luck with that. It might have worked in the days where people were patriotic and didn’t have the internet, but you can forget conscription on a big scale in this day and age unless our shores are actually threatened, and with nukes, they won’t be. If it did get to that point then there’s little to fight for anyway.
 
StriderX said:
I'm not sure about that...

If war is inevitable is it not better it happen sooner rather than when China is good and ready for it?
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China's demographics mean they will soon be getting less 'ready for it' as every year passes.

The 'optimum' time for China to invade Taiwan would be in a few years, around 2027 when China will have completed most of its military modernisation but before they start running short of younger people whilst grappling with a massively ageing population.

Still the heavy casualties China would likely suffer invading Taiwan will help them with their sex ratio imbalance for young adults...
 
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Jokester said:
Looks like the US and TMSC have come to an agreement that their most advanced products will only be made in the US from 2028.
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It's a very delicate balancing act...

TSMC's Taiwan based domination of the manufacture of advanced chips is a crucial part of its defence strategy (with the fallout from this being disrupted by war affecting all nations including China if it were to invade).

Countries like the US are obviously very worried by the fallout to the world economy from chip production being stopped by an invasion but yet acting to diversify production of such chips away from Taiwan makes in more likely that the invasion will happen!

I suppose at least if the US(re) gains it's position as a leading manufacturer of advanced chips that they can seek to prevent China from.obtaining them if there was a hot conflict over Taiwan.

I suspect there's some rather annoyed Taiwanese politicians today though.
 
Grim5 said:
Implying they plan to do a Russia, probably try and drop special forces into the capital to execute the president and members of government, except Russia completely failed in Ukraine
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And China would fail against the US and allies in any action against Taiwan.

China is hailed as “near peer” to the USA in some quarters, but so was Russia until they invaded Ukraine.

Having more things and more people operating those things hasn’t been a winning strategy since the Eastern Front in WW2.
 
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