Right, because India is the world standard in military quality. I'm guessing this keyboard warrior is also full of praises for the Arjun too.
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Interestingly, the source of these articles are all from India.
What is the quality of Chinese military products?
That depends on whether the countries that have used Chinese military products continue to increase their imports，
If you go to a good restaurant the first time, you'll think about coming back
There are always hundreds if not thousands of defects in open/pending status for every complex engineering project. Some are actually fixed, some never fixed, some where everyone agree to shrug and say its a feature
There definitely needs more conflicts and arguments within Europe.
In the latest round of a dispute over Nazi compensation claims, Germany wants to protect its properties in Rome from seizure
Germany is suing Italy in the top UN court in the latest round of long-standing dispute over Nazi compensation claims, the International Court of Justice (ICJ) revealed on Friday.
In its application Germany claims that Rome has continued to allow Nazi war crime victims to file requests for compensation from Berlin, even though in 2012 the ICJ ruled that it is illegal. In the claimant’s view, by doing so Italy “has violated, and continues to violate, its obligation to respect Germany’s sovereign immunity.”
Germany therefore argues that Rome must “take effective steps” to prevent such “violations” from happening in the future, to provide all relevant guarantees, “to make full reparation” for any injury caused, and to cover “any financially assessable injury resulting from proceedings conducted.”
Berlin says that it is aware of at least 25 Third Reich crimes-related cases which have been brought against Germany in Italian domestic courts since the 2012 court decision. Some of the proceedings resulted in rulings ordering Germany to pay compensation. To enforce the rulings, Italian authorities have been trying to seize four German state-owned properties in Rome, including buildings housing the German Archaeological Institute and the Goethe Institute.
Germany explained that despite confirmation of the non-commercial status of these properties by the Italian government, the Court of Rome has proceeded with the enforcement process and on 25 May 2022 will announce its decision on whether to put the buildings up for sale at a public auction.
“Under the circumstances, and as further detailed below, Germany is now compelled to seek provisional measures from the Court in order to safeguard its rights against irreparable harm,” Germany’s application states.
The dispute between Germany and Italy over compensation claims for Nazi crimes started in 2008 when Berlin was ordered by the highest Italian court to pay approximately 1 million euros to the families of nine victims, killed by the Germans in 1944 in Tuscany.
Germany argues that since the end of the World War Two and Nazi regime’s defeat it has paid billions of euros to the countries affected in accordance with peace and reparation treaties.
No date was immediately set for hearings at the ICJ. Rulings by the United Nations court, which normally considers cases for years, are final and legally binding.
In the latest round of a dispute over Nazi compensation claims, Germany wants to protect its properties in Rome from seizure
Germany is suing Italy in the top UN court in the latest round of long-standing dispute over Nazi compensation claims, the International Court of Justice (ICJ) revealed on Friday.
In its application Germany claims that Rome has continued to allow Nazi war crime victims to file requests for compensation from Berlin, even though in 2012 the ICJ ruled that it is illegal. In the claimant’s view, by doing so Italy “has violated, and continues to violate, its obligation to respect Germany’s sovereign immunity.”
Germany therefore argues that Rome must “take effective steps” to prevent such “violations” from happening in the future, to provide all relevant guarantees, “to make full reparation” for any injury caused, and to cover “any financially assessable injury resulting from proceedings conducted.”
Berlin says that it is aware of at least 25 Third Reich crimes-related cases which have been brought against Germany in Italian domestic courts since the 2012 court decision. Some of the proceedings resulted in rulings ordering Germany to pay compensation. To enforce the rulings, Italian authorities have been trying to seize four German state-owned properties in Rome, including buildings housing the German Archaeological Institute and the Goethe Institute.
Germany explained that despite confirmation of the non-commercial status of these properties by the Italian government, the Court of Rome has proceeded with the enforcement process and on 25 May 2022 will announce its decision on whether to put the buildings up for sale at a public auction.
“Under the circumstances, and as further detailed below, Germany is now compelled to seek provisional measures from the Court in order to safeguard its rights against irreparable harm,” Germany’s application states.
The dispute between Germany and Italy over compensation claims for Nazi crimes started in 2008 when Berlin was ordered by the highest Italian court to pay approximately 1 million euros to the families of nine victims, killed by the Germans in 1944 in Tuscany.
Germany argues that since the end of the World War Two and Nazi regime’s defeat it has paid billions of euros to the countries affected in accordance with peace and reparation treaties.
No date was immediately set for hearings at the ICJ. Rulings by the United Nations court, which normally considers cases for years, are final and legally binding.
Chyna! Chyna! Chyna!...a good distraction.
The US-led Western media are relentlessly attacking China over its "dynamic zero-COVID" policy and exaggerating the impact on China's economy, but Chinese analysts said ironically, the US has nothing to show for it on both counts - 1 million Americans have died of the pandemic, while the virus is still wreaking havoc in the country and the US economy is contracting this year.
Although the Omicron variant has brought challenges to China and has led to a spike in confirmed cases, compared to the US situation, the impact on China is still relatively small and controllable. China's success is a result of its firm execution of the "dynamic zero-COVID" strategy, as the country tries to control both the pandemic and its impact on the economy.
It is unlikely the United States will ever eliminate COVID-19, top US infectious disease expert Dr. Anthony Fauci said, adding that the nation should strive to control the virus and get out of the acute pandemic phase, Reuters reported on Saturday.
"When I said we are no longer in that fulminant acute phase, that does not mean that the pandemic is over," Fanci said. "By no means is it over. We still are experiencing a global pandemic."
An article in The New York Times said experts believe reaching so-called 'Herd Immunity' is unlikely in the US.
US data on COVID-19 shows that up to 1 million deaths have been recorded, while the country still registers thousands of daily inflections now. And, quite unexpected the US GDP shrank 1.4 percent year-on-year in the first 3 months of 2022.
Analysts said the Chinese economy's performance is in much better shape than that of the US, as China has put both the virus and inflation under firm control.
According to the Xinhua News Agency on Saturday, The Chinese mainland on Friday reported 1,410 locally transmitted confirmed COVID-19 cases, of which 1,249 were in Shanghai, according to the National Health Commission's report on Saturday.
The rest of the cases were reported in 14 other provincial-level regions, including Beijing, Guangdong and Sichuan. And a total of 3,127 COVID-19 patients were discharged from hospitals after recovery on the Chinese mainland on Friday, the National Health Commission said.
China's economy got off to a steady start in the first quarter of 2022 despite an increasingly complex international environment and resurgences of COVID-19 at numerous cities.
The country's gross domestic product grew 4.8 percent year-on-year to 27.02 trillion yuan (about $4.24 trillion) in the first three months, picking up pace from a 4-percent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed April 18.
The economy posted a stable performance with continued recovery as China struck a balance between virus control and economic and economic and social development, NBS spokesperson Fu Linghui told a press conference.
The US-led Western media are relentlessly attacking China over its "dynamic zero-COVID" policy and exaggerating the impact on China's economy, but Chinese analysts said ironically, the US has nothing to show for it on both counts - 1 million Americans have died of the pandemic, while the virus is still wreaking havoc in the country and the US economy is contracting this year.
Although the Omicron variant has brought challenges to China and has led to a spike in confirmed cases, compared to the US situation, the impact on China is still relatively small and controllable. China's success is a result of its firm execution of the "dynamic zero-COVID" strategy, as the country tries to control both the pandemic and its impact on the economy.
It is unlikely the United States will ever eliminate COVID-19, top US infectious disease expert Dr. Anthony Fauci said, adding that the nation should strive to control the virus and get out of the acute pandemic phase, Reuters reported on Saturday.
"When I said we are no longer in that fulminant acute phase, that does not mean that the pandemic is over," Fanci said. "By no means is it over. We still are experiencing a global pandemic."
An article in The New York Times said experts believe reaching so-called 'Herd Immunity' is unlikely in the US.
US data on COVID-19 shows that up to 1 million deaths have been recorded, while the country still registers thousands of daily inflections now. And, quite unexpected the US GDP shrank 1.4 percent year-on-year in the first 3 months of 2022.
Analysts said the Chinese economy's performance is in much better shape than that of the US, as China has put both the virus and inflation under firm control.
According to the Xinhua News Agency on Saturday, The Chinese mainland on Friday reported 1,410 locally transmitted confirmed COVID-19 cases, of which 1,249 were in Shanghai, according to the National Health Commission's report on Saturday.
The rest of the cases were reported in 14 other provincial-level regions, including Beijing, Guangdong and Sichuan. And a total of 3,127 COVID-19 patients were discharged from hospitals after recovery on the Chinese mainland on Friday, the National Health Commission said.
China's economy got off to a steady start in the first quarter of 2022 despite an increasingly complex international environment and resurgences of COVID-19 at numerous cities.
The country's gross domestic product grew 4.8 percent year-on-year to 27.02 trillion yuan (about $4.24 trillion) in the first three months, picking up pace from a 4-percent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed April 18.
The economy posted a stable performance with continued recovery as China struck a balance between virus control and economic and economic and social development, NBS spokesperson Fu Linghui told a press conference.
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" Some bankers present, however, doubted whether Washington could ever afford to cut economic ties with China given its status as the world’s second-largest economy, huge holdings of dollar assets and close trade relationship with the US.
“It is difficult for the US to impose massive sanctions against China,” agreed Collier. “It is like mutually assured destruction in a nuclear war.”
These doubting Thomases who think the US will not resort to extreme measures need to have their heads checked.
You should have stopped reading at "article itself was written by an Indian person"
AssassinsMace
Lieutenant General
A secret ingredient to success in American business is promoting white supremacy without actually saying it. It's like the okay hand signal is a white power secret gesture identification between sympathizers as a message of defiance. Netflix just released a documentary about the rise and fall of the clothier, Abercrombie and Fitch. Even in this documentary which talked about the store's discriminatory practices, they didn't say the store's success was in selling celebrating being white and beautiful. All you had to do was look at their advertising campaigns which was about young and beautiful white people hanging out with one another. Abercrombie and Fitch's first venture into controversy was selling racist t-shirts mainly against Asians that got a lot of attention. When it got attention in the media, they would soon discontinue the product but then a new controversial racist t-shirt would follow afterwards and the cycle would continue. They even interviewed a former Abercrombie and Fitch executive who said the shirts were highly profitable because they didn't spend money on any copyright. It meant they knew it wasn't going to last because they were selling on the initial controversy. It's a working business model. The alt-right and proud boys today is all about being unapologetic and defending the white male and a lot of mediums centered around that like Tucker Carlson on TV and Joe Rogan on YouTube and Spotify are successful.
No, the market meltdown is fully self inflicted by the Fed raising interest rates. The first rule of finance is wall st != main street. The Fed is willing to tolerate a correction in stocks and bonds and a minor slow down in actual productivity in order control inflation. If the rate increases start causing major job losses, freeze on factory activity or a sharp housing market decline, they can halt or roll back the interest rate increases. The FED is trying to engineer a soft landing(as they should).
It's actually not simple at all. The meeting undoubtedly has some of the smartest people in China there - central bank planners, people from the finance ministry, economic policy makers, reps from all the major banks - basically people with way more experience than us and didn't leave the meeting with a rock solid solution or strategy.
Lets look at some of your points: "Massively expand the OBOR project, dump all foreign reserves into expanding other regional powers":
- This will cause massive inflation in the APAC region, the number is 2-3 trillion that we're talking about here. India's GDP is only 3 Trillion, South Korea is 1.6T, Australia's is 1.3T and all those countries aren't exactly friendly towards China, so you don't want to "expand" them. The next reasonable investment target is Indonesia, but 3T in reserves is already 3x their GDP. You can only build so many high speed rail lines, hotels, schools, factories in a country that size with 3T.
- How's the PBOC going to manage all those investments? When you start throwing so much money at everyone, the credit quality of your loans are going to go down. How do you ensure every party you lent 3-4 Billion to will pay you back. How do you find quality and stable projects to invest in. How do you ensure if a country gets "coup'ed", that China will still be able to get so value back?
- In finance, there's a term called liquidity - the value of foreign reserves comes from the fact that it's liquid and can be used easily to facility China's monetary and FX operations. 1 Billion dollars is accessible and useable to buy crude/gold/airplanes/food instantly, much more difficult to trade a rail line China built and financed in Cambodia for instance into the same.
- And what if they don't? Governments change, alliances change. Counter party risk, geopolitical risk, credit risk, market risk.
- And what commodities will that be?
- Do you know insanely large the pile of wheat/corn/coal/crude/rice/soy would be if China spent 3T on it. Even if you can hypothetically buy that much food commodities, you have a tremendous storage costs to deal. Plus corn/wheat/rice/soy all have a shelf life, there's only a certain amount of time you can store it before it goes bad.
- Say you do end up buying so much soy/rice/wheat/corn and flood the Chinese domestic market with it. That'll kill off domestic farming industry in the short term because they won't be able to compete with the imports.
- Because the the world can only produce a certain amount of commodities during a certain time period, you're going to massively drive up the prices of the commodities. i.e. the first billion ton batch of corn you buy will cost 50 billion, the second billion ton of corn will cost 80 billion, the subsequent batch will be 150 billion, etc. 3T will quickly exhaust the world's farming capacity.
- This sounds good, but drill down and it will be "how?" exactly. "How" is always the big question that needs to be answered. How exactly do you want China to do when you say conversion into other currencies, and how will that work on the scale of 3Trillion in reserves that's finically sound?
I don't want to sound rude or dismissive, but there is no "simple and easy" solution to China's FX reserve holding problem or else China wouldn't have to worry about it now.
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