The SeeSeePee has lost the Mandate of Heaven!! The Lunar Dynasty shall rise and reign supreme over all of China soon!!!
I wonder what SAIC gains from this. The Indian rupee is virtually useless to China. If they cannot take those rupees out of India or convert them to a more useful currency, then Chinese taxpayers are basically subsidizing India's nascent EV industry, like you said.This is nothing like the Stellantis Leapmotor JV. Leapmotor was a private company suffering from financial difficulties and needed cash infusion, while SAIC is a State Owned Enterprise which wasn't facing financial difficulties. Also Stellantis acquired 20% of Leapmotor, which means Stellantis has an interest to see Leapmotor succeed, while the SAIC and JSW (forced deal) is just India trying to steal Chinese EV IP and supply chains.
Shanghai compradors is literally using Chinese taxpayers to subsidize Indian EV supply chains.
Inb4 someone cries that China forced JV ownership too, so what's the big deal. China only set a maximum 50% foreign share ownership on auto JV from 1994, which was raised to 70% in 2018 and 100% in 2022. I don't think China ever forced foreigner auto manufacturers to give up control of their JV, especially not after the JV was already formed. Hence the Chinese anger towards this Indian pig butchering scam.
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In the West, dragons are seen as evil, vicious and destructive.
If western commentators want to take autism to that level, we can look at the senile Biden and equate him to the leper king of Jerusalem or the Fisher King of Arthurian legend which means that according to Anglo culture, symbolises the corrupt and decadent and sinful nature of the Anglo ruling class. They have lost the right to rule and have lost god‘s will, Deus Lo Veult! God Wills It!! Trump got Covid as well which doesn’t make the other Chosen One any better.
In any case, the US alert was due to information from the Russian authorities, in addition to the fact that at the beginning of March the FSB stopped two terrorist attack plans by ISIS-K, according to the same Russian sources.They have been intercepting comms in Moscow for half a century now.
Western luxury goods are literal memes.Death to Western luxury goods. Long live Chinese luxury goods.
A near 20% collapse at Gucci blamed on reluctant Chinese consumers. Shares in LVMH, Richemont and Dior also down.
I wonder what SAIC gains from this. The Indian rupee is virtually useless to China. If they cannot take those rupees out of India or convert them to a more useful currency, then Chinese taxpayers are basically subsidizing India's nascent EV industry, like you said.
JSW said it aimed to bring down the cost of MG’s EVs by supplying its own steel, in addition to batteries, and carrying out more research and development in India. Jindal said the venture depended on MG for technology and that it wanted to, by 2030, “totally indigenise, even the R&D”.
Chinese companies, including carmakers, have been held back from expanding in India or been pushed into partnerships with local JV partners by Narendra Modi’s government since 2020, when clashes with Chinese troops at the border killed 24. That year New Delhi introduced a new requirement for investors from countries with which India shares a land border, including China, to seek government permission before investing.