Chinese Economics Thread

[voyager1]

You sound like when the petrodollar hegemon doing QE+ was labeling China as largest currency manipulator...

Irrelevant on this particular matter. Everyone with half a brain knows the motivation behind that decision

We are in cold war 2.0

Yes

do you really think only one side play fair while other side lies

No. The other side can and should play with foul means

Happy 4th July present from CPC to all US "investors" of this IPO lmao

Was it really worth it for the "measly" $4.4 billion it raised though?

Keep in mind that the capital markets worldwide are measured on dozens (hundreds?) of trillion dollars. Why would China risk the world's iinvestors oonfidence on its businesses and its gov?

You know that the more the investors trust your country it means that the gov and the companies get cheaper loans, more foreign investment, get more influence, ultimately the country will get more exports because the world will trust it more.

This is just a mess. Big blow to China's credibility, that it is working in good faith. As I said, lets wait for the bloodbath on DiDi's share price tomorrow when the markets open.

I will post the share price chart tomorrow, it will be very interesting. Honestly, I am expecting a class action lawsuit to be launched against DiDi in the following days

 

[zgx09t]

Yes this is what I am saying. They should have announced the case before the IPO. Watch the bloodbath on DiDi's share price tommorow after the stock market opens.

This is plain fraud against the US IPO investors, fortunately I didnt buy any of its shares lol

The shareholders will definetely launch a class action lawsuit against DiDi for this mess.

You're thinking backwards and blaming the wrong party.
It's not regulators' job to announce publicly any potential or under investigation cases right away pronto. It may or may not do so; as the laws are already pronounced before for all to see and understand, public investigations are only secondary. There would be a lot of gating issues in an IPO and privacy issues would be a part of it for the underwriter/s legal team/s to check off from the boxes. That's what prospectus and disclosures are for. If they didn't put those in there, not even the likelihood, then that's squarely on them. You got the IPO pop money, you pay for the consequences, and take responsibility for it.

 

[Topazchen]

Irrelevant on this particular matter. Everyone with half a brain knows the motivation behind that decision



Yes



No. The other side can and should play with foul means



Was it really worth it for the "measly" $4.4 billion it raised though?

Keep in mind that the capital markets worldwide are measured on dozens (hundreds?) of trillion dollars. Why would China risk the world's iinvestors oonfidence on its businesses and its gov?

You know that the more the investors trust your country it means that the gov and the companies get cheaper loans, more foreign investment, get more influence, ultimately the country will get more exports because the world will trust it more.

This is just a mess. Big blow to China's credibility, that it is working in good faith. As I said, lets wait for the bloodbath on DiDi's share price tomorrow when the markets open.

I will post the share price chart tomorrow, it will be very interesting. Honestly, I am expecting a class action lawsuit to be launched against DiDi in the following days

These actions just give ammunition to anti China voices and reinforce the image of an unpredictable high handed government.
In as much as we support them, CCP should be conscious of the optics of such moves.

 

[quantumlight]

These actions just give ammunition to anti China voices and reinforce the image of an unpredictable high handed government.
In as much as we support them, CCP should be conscious of the optics of such moves.

The fact that both the ANT and Didi incidents are in mainstream US news and I sense salt from the reporting indicates to me the US was salivating over what would have been a nice meal had CPC not stepped in to stop the mistake

Back in 2019 Ren CEO Huawei did a major interview with a major US news... talking points most likely US gov feed to the female reporter who was extremely antagonistic towards Ren....

Anyway, I distictively recall it was strange she was trying to pressure Ren to take Huawei public and list on US exchanges... hmmmmmmmm

After the fake news of CPC high level defector... I see all US news about China as the same as Gordan Chang predictions....Jai Hind plus Delta... Whatever US says about China, the opposite is closer to the truth... If CNN is bitching about Didi app registration block, you know China made the right move

America stock market is now the US Fed directly pumping printed monies into it as steriod injections via QE infinity...

US strategy is to get out under the dollar first, leaving everyone else holding the bag, and buying up as much real assets as it cans.... then eventually starting over by issuing digital currency but by then it would have owned much of the likes of ARM, Didi and whatever else was dumb enough to have been conned by America

CPC protecting the country from thugs is not thuggish behavior... you think for a second CIA would let Uber hosts servers on Huawei cloud and Alibaba and lists on Chinese stock exchange and conduct business in Yuan?

Didi... they might have been hosting their servers and rider data in the US, giving CIA information to Chinese citizen whereabouts in real time... Didi wants to be a defacto Chinese Ride share and national champion but lists on the enemy's stock exchange and stores Chinese user data offshore in enemy data center? Traitors needed to be taught a lesson...

What optics? What """investor""" CONfidence? As if China opening itself up for the Great American Harvesting is a good thing and there will be a New Thanksgiving?!

You are operating still under the assumption of perpetural global growth...

Peak Oil, Resource Depletion, deminishing EROEI and the long term implications for the continued development of China...

I would like to start a thread to discuss in earnest the bigger picture of energy/resource dynamic and how it will affect China's continued growth and development going forward in the next decades to come... As you all know, recently Xi committed China to be carbon neutral by 2060, and the...

www.sinodefenceforum.com

No.... Dual Circulation and Inner Circulation is now the new paradigm shift... Decoupling is happening one way or another, not even the US or CPC has any say about it

 

[voyager1]

These actions just give ammunition to anti China voices and reinforce the image of an unpredictable high handed government.
In as much as we support them, CCP should be conscious of the optics of such moves.

Yes. The optics are terrible

So i went to FT's comments, browsed through dozens of garbage comments.. and found a good one which explains better what I wanted to say

Please, Log in or Register to view URLs content!

Btw the US stock markets will open on Tuesday as Monday is a holiday for the US, Independence Day

 

[zgx09t]

These actions just give ammunition to anti China voices and reinforce the image of an unpredictable high handed government.
In as much as we support them, CCP should be conscious of the optics of such moves.

Looks like you and the other guy/girl are trying to put in a political spin on a regulatory process, so there's no remedy or recourse for that.
It is caveat emptor, suckers always hold the bag, capitalism 101.
A+ on hack job though.

 

[Tyler]

You sound like when the petrodollar hegemon doing QE+ was labeling China as largest currency manipulator...

We are in cold war 2.0, do you really think only one side play fair while other side lies, cheats, and steals?

Happy 4th July present from CPC to all US "investors" of this IPO lmao

It looks like this is big buying chance for didi. You can buy it at a cheaper price after it crumbled. Longer term it is still a very good company, just like alibaba and tencent.

 

[KYli]

Yes this is what I am saying. They should have announced the case before the IPO. Watch the bloodbath on DiDi's share price tommorow after the stock market opens.

This is plain fraud against the US IPO investors, fortunately I didnt buy any of its shares lol

The shareholders will definetely launch a class action lawsuit against DiDi for this mess.

It has already announced. Chinese regulators have said that they are looking into DiDi and many other tech firms for their monopolies practice and privacy issues. The investigation already is well known for a few months. As you can see, DiDi didn't price at the highest price possible. Before the IPO, the market value of DiDi was already over 100 billions but the IPO is only valued the company at 70 billions. Not sure why you think it is plain fraud when investors already know the risk before they invest in DiDi.

In addition, Chinese regulators have also asked DiDi not to do a IPO in the US. DiDi decided to go ahead. Chinese regulators didn't pull the plug on DiDi like it did to Ant because DiDi IPO is in the US not China.

In US shareholders would sue anyone and anything if there is money to be made. So it doesn't matter. DiDi IPO probably has been forced by its hedge fund and other major foreign investors because they want to cash out. So it is arranged so hastily and ignore Chinese regulators warning.

 

[voyager1]

Looks like you and the other guy/girl are trying to put in a political spin on a regulatory process, so there's no remedy or recourse for that.
It is caveat emptor, suckers always hold the bag, capitalism 101.
A+ on hack job though.

"Political spin" yeah sure..

Yes it is "Political Spin" that the Chinese regulator "shot" the Chinese Company just some days after it's US IPO raised $4.4 billion dollars. No, let me fix the wording, it's IPO defrauded the investors.

As the "very stable genious" Trump said: see you in court.
China's credibility and image dragged through the mad once again by the timing of this move.

Lets see how the US Stock Exchanges, the IPO Underwriters, the investors and ultimately the US Gov will respond now.
Make no mistake this is fraud against the US investors.

Say what you want about "Political Spin" and all your nice dreams but this is fraud and theft of US investors. The US Gov will certainly react.

In the coming days, lawsuits will be flying everywhere.
Let me say though who will ultimately NOT lose money, thats the IPO underwriter, Goldman Sachs. This company never loses money lol

@Gatekeeper do you have any comment on the economic aspect of this

@KYli you have a point on that all the Chinese tech companies were under the microscope but the signals for DiDi were not many. This thing came up straight out of the blue. IMO the regulator should had been much more forthcoming and transparent on this. We will see what happens on Tuesday.

And the speculation about ignoring the regulator and proceeding with the IPO shows how lax the enforcement has been for these companies. They have no respect. I will say it again, the action was correct but the timing is horrible for the optics. This has escalated to a serious mess for China now. Who knows what more restrictions will fall on Chinese companies from the US now

The US IPO has been known for a long time. The regulator has no excuses for not announcing it before the IPO happened when it saw that DiDI was proceeding with the IPO

 

[voyager1]

It looks like this is big buying chance for didi. You can buy it at a cheaper price after it crumbled. Longer term it is still a very good company, just like alibaba and tencent.

I complain a lot about it but..

When DiDi falls dramatically on Tuesday I will go all in and buy a bunch of shares. I mean thats the worst that could (normally) happen, their app has been removed now lol

So when it crashes, its time to buy.
Xi is making me money, thanks