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Joined 9 months ago
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Cake day: January 29th, 2025

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  • It’s unfortunately not so easy. Many Chinese people poured a lot of money - some even their life savings - into property that is now worth much less than they paid or have never been built as the developer went bankrupt.

    As one report on Evergrande said already in 2023:

    In 2021, just months before the Chinese property giant Evergrande showed the first signs of crisis, Guo Tianran (whose name has been changed on request) and her husband bought an apartment off-plan for their only child from the top-selling developer.

    The couple, nearing their 60s, had scrimped to afford the $30,000 (£24,500) down payment on the yet-to-be-built flat. They bit the bullet in pledging to use 75% of their income to pay for the mortgage.

    “We wanted to help our son, to give him a place to start out on once he graduates from college,” Mrs Guo told the BBC earlier this month. But just months after their purchase, Evergrande’s facade began to crack.

    In Henan, the central Chinese province where they had bought the home, building work ground to a halt.

    “We saw the main frame being built, and suddenly we heard that Evergrande was falling. Then construction stopped last year,” she says […] “When I think about it, I cry,” says Mrs Guo about the home she had bought. “It’s hard, and I feel sorry for my son and myself.”

    You’ll find more reports than this one, and they are devastating not only for institutional investors but also for retail customers like Mrs. Guo in this report.









  • In the EU, all Chinese carmakers combined have a market share in the lower single-digit points. And in the UK, where BYD’s sales ‘rocketed’ by 880%, we must recognise that the total number of BYD sales is ~11,000 cars, representing a market share beliw 4%.

    To provide a more complete picture, we must note that Chinese carmakers suffer from fierce competition in its domestic market where competition intensifies and sales have plummeted.

    To provide a more complete picture, we must note that BYD and other Chinese carmakers suffer from fierce competition in its domestic markets where sales have plummeted.

    In China, manufacturers have been cracking down on price wars that have raged due to fierce competition.

    BYD’s monthly domestic sales fell in September for the first time since February 2024, down 5.5% from the same month a year earlier, while some of its rivals still recorded strong growth in sales.

    September is a traditional peak period for auto sales in China, with carmakers launching various new models in a month dubbed “Golden September.”

    Subsidies for trade-ins for new energy vehicles have helped lift domestic demand and sentiment, though some local governments have suspended such payments in recent months.

    It seems that Chinese producers are increasingly dependent to sell their overcapacity to foreign markets to avoid further crashes that have already been widely seen in its home market.


  • The Kyiv Post reports that Trump ties Tomahawk deal to German Taurus missile transfer

    US President Donald Trump is inching closer to a landmark decision on supplying Kyiv with long-range Tomahawk cruise missiles …

    This gambit is strategically calculated not only to bolster Ukraine’s defense but also to force reluctant European allies, particularly Germany regarding its Taurus missile, “to follow suit,” …

    Regarding European pressure, [President of the US-based think-tank Saratoga Foundation Glen] Howard suggested: “If the US provides Ukraine with Tomahawks, it would undoubtedly increase pressure on Germany, which has thus far resisted providing the Taurus despite significant speculation.”

    The paper also reports that “Russia launched a staggering volume of aerial weapons last week – over 4,500 drones, missiles, and glide bombs – marking one of the most intense periods of air attacks since the full-scale invasion began.”


  • The Kyiv Post reports that Trump ties Tomahawk deal to German Taurus missile transfer

    US President Donald Trump is inching closer to a landmark decision on supplying Kyiv with long-range Tomahawk cruise missiles …

    This gambit is strategically calculated not only to bolster Ukraine’s defense but also to force reluctant European allies, particularly Germany regarding its Taurus missile, “to follow suit,” …

    Regarding European pressure, [President of the US-based think-tank Saratoga Foundation Glen] Howard suggested: “If the US provides Ukraine with Tomahawks, it would undoubtedly increase pressure on Germany, which has thus far resisted providing the Taurus despite significant speculation.”

    The paper also reports that “Russia launched a staggering volume of aerial weapons last week – over 4,500 drones, missiles, and glide bombs – marking one of the most intense periods of air attacks since the full-scale invasion began.”







  • I guess they at least oppose the (2022) Russian invasion of Ukraine so they’re not completely bonkers. Not Chinese propaganda level, but still disappointing.

    They frequently portray Ukraine as an aggressor in its war, rather than Russia (they call the Kursk incursion of Ukraine the “imperialist-backed incursion of Russia”, and they write that Taiwan’s ruling party DPP “must renounce its confrontational approach to China” in an obvious disconnection from reality that Russia started the war in Ukraine, and China is becoming increasingly aggressive against Taiwan including threats of an military invasion - Source, but you’ll find ample evidence that this site is conveying authoritarian talking points in practically all its reports, and barely properly citing a source for their claims).

    This is outright Chinese propaganda.