Miscellaneous News

C

caudaceus

Senior Member
Registered Member
sndef888 said:
In a month this will get swept under the rug and western newspapers will continue to criticise China's "opaque and inefficient financial system" while talking about how the west has the best separation of powers, high trustworthiness, best regulations
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Even after being b*tchslapped by Xi and CPC, Evergrande still survives lmao.
If you tell twitter in early or mid-2022 that Evergrande will prevail over Crypto, they gonna have a meltdown.
 
Phead128

Phead128

Captain
Staff member
Moderator - World Affairs
FriedButter said:
Lmao. The CEO who oversaw Enron bankruptcy has said in his 40 year career that he has never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

It’s literally worst than Enron. This is a slush fund for themselves. FTX crypto assets are worth $659,000 but was marked as $5.5 billion on the financial sheets.

God knows how hard the Western Media will be circle jerking themselves if something similar like this happened in China.

SBF = Samuel Bankman-Fried (FTX CEO)

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The insane part is they have a built-in backdoor to move funds without triggering audits or warning in system. That's like activating cheat-mode...it's completely unregulated wild west in crypto-land.
 
FriedButter

FriedButter

Major
Registered Member
Railway Bridge between China and Russia is officially open for business.


Key Russia-China Border Railway Bridge Opens Across The Amur River​

Russia and China have commenced cross-border rail traffic across the first Amur River railway bridge, at the Nizhneleninskoye-Tongjiang border.

The distance for transporting goods to the northern provinces of China will be reduced by more than 700 km compared to existing routes.

Its opening will increase the competitiveness of Russian and Chinese enterprises, ensure a reliable and predictable schedule for the movement of goods and cargo, affordable raw materials and energy resources, as well as increase the capacity of railway routes between Russia and China by 1.5 times.”

Nizhneleninskoye is connected by rail to the Trans-Siberian railway, which heads both West to Moscow and East to Vladivostok, providing access to an additional 20 Russian cities with populations in excess of 1 million as well as to Russia’s wealthy Moscow and St.Petersburg markets in addition to East Asian markets such as Japan and South Korea. Tongjiang is connected by rail to Beijing and the Chinese national rail distribution network.

The maximum throughput of the bridge will be up to 20 million tons of cargo per year.
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