Miscellaneous News

ILikeChina said:

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Ridiculous. If it was built illegally it should be confiscated by the government and given to people.

Just for this decision, Xi Jinping should be taken down. The capital invested here is worth more than Xi govervance. There was a similar decision made in Beijing, it was about the houses.

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Wow, it seems they are being forced to demolish 39 buildings. That seems like an incredible waste of capital.

Perhaps they should have just fined the company such that they make 0 profits instead

ILikeChina said:

It was Xi's policy to clean the environment from illegal buildings. You can remember it when Xi was visiting the Xi'an Shaanxi, he saw the building nearby the park and then was angry, a few weeks later the demolition began. Beijing was a repetition of it. Not saying protecting the environment is not important, it is. But there should be a limit to the destruction of capital.

Xi Jinping also has other good policies which I support, e.g. self-sufficiency in semiconductors, but it's going in the direction that there is more bad than good. 160 billion is a ridiculous amount.

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160 billion is pennies in the grand scale of things especially at the cost of removing corruption. Also, your reasoning for his removal is childish at best and downright stupid at worst. Who removes a president just because of this?

sndef888 said:

Wow, it seems they are being forced to demolish 39 buildings. That seems like an incredible waste of capital.

Perhaps they should have just fined the company such that they make 0 profits instead

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Capital doesn't dictate POLICIES in China. The sooner people in the west accept this the better. Imagine if it did, then China's Covid-19 policies would have mirrored the US response with an even worst outcome.

Japan is going to make a lot of money from RCEP. Meanwhile, the EU/US fade into irrelevance

techfrontier said:

The US exports hundreds of billions of dollars to RCEP members and even has all time high exports to China. A 1-2% drop in trade (from a CGE model, nonetheless), is barely “fading into irrelevance”

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Sleepy, do you know how trends work? RCEP is placing China squarely at the economic center of the Asia Pacific.
Do you also know how compounding effects work? You start with 5-10 billion loss and then it gets worse from there.

Its ok though, I understand your pain seeing the US's hegemony crumble in front of your eyes. RCEP is merely the first step.
Multiple hits are incoming in 2022 and 2023

techfrontier said:

Simple. The United States has captured European academia, media, think tanks, foreign and defense ministries and political parties to do Americas bidding, even if it causes economic harm and that involves having EU navies troll in the South China Sea, play footsie with Taiwan, and ban trade/investment. European economic interests are simply outnumbered by all the US stooges. As for “democracy”, you act as if every European election is actually European and not CIA captured “journalists” promoting and slandering political parties. Notice how pro-China Armin Laschet got BTFOed after Der Spiegel leaked scandals? Of course, CIA. US poli sci research focuses heavily on public opinion for a reason lololololol.

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And who are these CIA journalists influencing? Who are being brainwashed to cast the voting tickets to the CIA preferred politicians? Don't CIA need the eventual millions' tickets to do the job? Aren't these millions' tickets in the European hands? No matter who you blame, the vote is actually European. I don't disagree with CIA's influence but you gave the US too much "credit".

taxiya said:

An example is the Government policy swing of Europe towards China. Yes you can argue that the elite like German industrialists putting pressure on the new German government to not go too far against China. But how would you explain the "freezing" of EU-China investment agreement and the new Government's "toughening" stance on China? Or the seemingly suicidal act of Germany stalling Nordstream project. These act do have real damages, the stalling of the agreement is material, the German navy's "trolling" in SCS is material, the unofficial "banning" of Huawei in Europe is material.

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That Government swings of Europe towards China was due to Elites in Schroeder/Merkel era. which had long connections to Putin. this concept of BRI railway to Europe and China start from that cooperation.



now those EU elites interest simply not coincide with China for variety of reason.
Erdogan knows that Turkic republics in Shanghai organization are getting richer than his country and his country importance is going down. so hitch a ride to Ukraine and Xinjiang thinking EU elites will bail him out. but now its pay back time. not investment time.

techfrontier said:

The US exports hundreds of billions of dollars to RCEP members and even has all time high exports to China. A 1-2% drop in trade (from a CGE model, nonetheless), is barely “fading into irrelevance”

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Patience young grasshopper! Slowly US share of trade will keep on decreasing and taken over by China and other Asian countries. That’s how you devour a whale, one bite at a time.

ILikeChina said:

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Ridiculous. If it was built illegally it should be confiscated by the government and given to people.

Just for this decision, Xi Jinping should be taken down. The capital invested here is worth more than Xi govervance. There was a similar decision made in Beijing, it was about the houses.

Click to expand...

Back in 2018, the The Ministry of Environmental Protection in Beijing fined Evergrande and ordered the project to stop. But Evergrande continued building.

There were more fines and warnings in 2019 and 2020, but again, they continued building.

So you can't argue that Evergrande weren't warned.

And the demolition order appears to only apply to 39 residential buildings with an area of 434,941m2. It doesn't apply to hundreds of other buildings, nor to the actual reclaimed land itself.

I suspect these 39 buildings are on the luxury side of the equation. And until recently, 86% of new residential sales were to investors rather than owner-occupiers and remember that there is a glut of empty luxury properties in China.

So I don't see any great loss in ordering the destruction of these buildings, except to Evergrande who will have to refund those who have already paid.

The land can be put to better use instead.