Miscellaneous News

luosifen

luosifen

Senior Member
Registered Member
xypher said:
No they are not, I referenced that in my post after I saw yours. From the same Wikipedia article:




Basically, he had to sell his stake back in 2015. Considering that its spin-off by former editors - VTimes - was instantly branded as "foreign agent", it is safe to say that Vedomosti is in good grace by the government.
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Correction noted, that said this Vedomosti seems to be the only outlet claiming reduced future budget based on anonymous sources (credibility unknown), the others don't mention anything besides that the budget for 2023 to 2025 is being decided on right now.

TASS reported last month that 1st half of this year's budget was in surplus:

Budget performance decent in first six months of 2022 — PM​

It is reported that revenues totalled more than $233.9 bln while the expenses were $208.9 bln

MOSCOW, August 24. /TASS/. Performance of the Russian budget is decent during first six months of this year, Prime Minister Mikhail Mishustin said on Wednesday.
"Despite the strongest external pressure either on individual companies or the economy of our country at large, results are decent overall," the Prime Minister said.
"Russia is confidently coping with external challenges. Revenues gained almost a quarter in the first half of this year in annual terms and totaled more than 14 trillion rubles ($233.9 bln). Expenses were slightly above 12.5 trillion [rubles] ($208.9 bln), that is, they remain at the same level as during first six months of the last year," Mishustin said.

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supercat

supercat

Colonel
KYli said:
Who gives money to such hedge fund management is a fool? Yuan isn't freely traded. Beside if yuan keep depreciating., Chinese exports would flood the world market and force many competitors out of business.
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The guy has no idea what he is doing (see below). BTW, I thought Kayle Bass was the only high-profile hedge fund manager who lost his pants by betting on yuan depreciation.
https://twitter.com/i/web/status/1570367865588699136


luosifen said:

Remains of 88 Chinese soldiers killed in Korean War casketed in S.Korea​

Source
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EditorChen Zhuo Time2022-09-15 14:46:30

INCHEON, South Korea, Sept. 15 (Xinhua) -- The remains of 88 Chinese soldiers killed in the 1950-53 Korean War were casketed in South Korea on Thursday to be sent back to their homeland.


The ceremony to lay the 88 remains in coffins was held in Incheon, west of the capital Seoul.


The Chinese delegation led by Vice Minister of Veterans Affairs Chang Zhengguo, officials with the Chinese embassy in South Korea, officials with the South Korean defense ministry as well as personnel responsible for the excavation and identification of the remains attended the ceremony.


A flower basket was laid at a temporary settlement for the remains of the Chinese People's Volunteers martyrs.


All members of the Chinese delegation bowed three times to the Chinese People's Volunteers martyrs and presented flowers before the South Korean side placed the remains in coffins.


This year's repatriation ceremony, the ninth of its kind, is scheduled to be held at the Incheon International Airport on Friday.


China and South Korea have successfully carried out the handover of the remains of 825 Chinese People's Volunteers martyrs in South Korea for eight consecutive years from 2014 to 2021, following humanitarian principles and in the spirit of friendship and practical cooperation.

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Incidentally, South Korean is quite unhappy about some of the U.S.' trade policies recently, considering that S. Korea imports almost 90% key battery materials from China.

South Korea Sees ‘Betrayal’ in Biden’s Electric Vehicle Push​

  • Firms to miss out on tax credits that favor American-made cars
  • Seoul can’t rule out impact on other issues, official says
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Battery Giants, Hyundai Concerned by US Moves on China Supplies​

  • Hyundai, LG Energy, Samsung SDI met with Korea trade officials
  • Korea imports almost 90% of key battery materials from China
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Appix said:
1. Level playing field in the white mind: no use of subsidies and no state owned enterprises. When those are present the economic playing field is unfair. Targets China's mixed economic model.

2. We will develop new tools and international rules: they want to change the WTO rules book so that China will be forced to change its economic model more according to their taste: neoliberalism.

"Levelling the playing field and addressing economic coercion
We will sustain and further step up our efforts working toward a level playing field through more effective use of existing tools, as well as developing appropriate new tools and stronger
international rules and norms on nonmarket policies and practices. Our shared concerns Include unfair practices, such as all forms of forced technology transfer, intellectual property
theft, lowering of labour and environmental standards to gain competitive advantage,
market-distorting actions of state-owned enterprises, and harmful industrial subsidies, including those that lead to excess capacity.

We will also promote discussions at the WTO on how to improve transparency to shed light on and reduce challenges posed by non-market policies and practices that harm the global economy, and on modernizing the global trade
rulebook. We thank the OECD for its work in this area."

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It's easy said than done. How do you square such a circle of reality, especially when Germany and other EU members may enter a recession soon?
https://twitter.com/i/web/status/1570240530424168449


Iran will become a member of SCO.
https://twitter.com/i/web/status/1570508533506142208
 
G

gelgoog

Lieutenant General
Registered Member
It is not just Russian companies but also companies in Egypt, Turkey, and other countries. In fact Yuan denominated bonds surpassed Dollar denominated bonds in corporate bond issuance recently. The recent US increase in interest rates makes Dollar denominated bonds less interesting for anyone who wants a loan.
 
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