Evergrande Financial Panic - Corona is not the only Contagion China is exporting

Most of China GDP growth is fake, you ever seen the ghost towns? All their "growth" is from empty buildings with no one living in them
So they need trade with the US to sustain themselves? Good, glad that's cleared up.
Construction was only 7% of China's GDP in 2022 (and only some of that is Evergrande-style ghost cities). Compare that to the US where construction is 4% of the GDP.
So they need trade with the US to sustain themselves? Good, glad that's cleared up.
All countries need trade to sustain themselves.
You clearly stopped reading at the headline, since it doesn't even mention the province stricken by typhoons/flooding. Maybe then you'd see why China's "food self-sufficiency" decreased and noticed it's mostly just luxury foods instead of the basis of the diet.
 
Construction was only 7% of China's GDP in 2022 (and only some of that is Evergrande-style ghost cities). Compare that to the US where construction is 4% of the GDP.

All countries need trade to sustain themselves.

You clearly stopped reading at the headline, since it doesn't even mention the province stricken by typhoons/flooding. Maybe then you'd see why China's "food self-sufficiency" decreased and noticed it's mostly just luxury foods instead of the basis of the diet.
That link and video literal dismantled your entire argument, so it's clear you're Just trying to save face.
 
This quotes a 2023 article. Considering Chinese grain exports to ROK and Japan, I bet China using more domestically because of recent issues is hurting the latter two nations.
That's not what your quote says. It says China imports a lower percentage than Japan and ROK. That is a very low bar.

Agricultural exports to China from the US over the last 10 years.
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Soybeans exported to China over the last 10 year. Since 2018, China has been buying as much Brazilian Soy as they can afford to avoid their own tariffs on US Soy. The graph still looks like this:
1695957635894.png

You keep going on about that but you have never once produced evidence of how bad the damage is and probably can't even give me what percent of China's harvest even comes from the province in question.
"Flood will indeed affect rice production in the northeast, and it may reduce rice production by 3%-5% in flood-affected areas," Ma Wenfeng, senior analyst at Beijing Orient Agribusiness Consultant, told Reuters.

Fitch Ratings on Friday said heavy rain in China's grain-producing region is likely to put upward pressure on global rice prices. Rice prices have already climbed more than 20% since India announced its ban on exports of non-basmati white rice.


China's corn imports are expected to climb to an all-time high of 23 million metric tons in 2023/24, according to the U.S. Department of Agriculture (USDA), up from 18 million tons a year ago, which is likely to mitigate the impact of flooding on supplies.

However, ample domestic rice inventories are expected prevent China from buying larger volumes from the international market, analysts said.
https://www.reuters.com/world/china...ps-trigger-food-inflation-worries-2023-08-11/
150 years ago 5% was enough to cause a famine. It's safe to say things are not going well.
 
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You keep going on about that but you have never once produced evidence of how bad the damage is and probably can't even give me what percent of China's harvest even comes from the province in question.
You ran away from CCP megathread, I covered the food crisis, typhoons that hit east coast, economic woes, widespread blight and locust problems in problems. You yourself admitted that China is a net importer of wheat, rice and soy.
China Uncensored is a production of NTD TV, as evidenced by how NTD formerly used to promote them on their very website. NTD TV is owned by Falun Gong, and Falun Gong as is well known is funded by the CIA. As far as I'm concerned, China's issues are a China-centric version of the same crisis playing out all over the world thanks to bad policy in 2020-22.
Oh no a article from 2004 and NTD just happened post China Uncensored link. As far as I am concerned you're grasping at straws then cry about CIA. You don't need spooks to see commies in a bad light, they hid information about COVID epidemic in wuhan and in other provinces in December 2019, proceed to get shills on mainstream media how fast China is rising and why should invest in China.

As far I am convinced that you're throwing ad hominem and tenous links and ignore that anyone who looks at CCP regime, their shills, wumaos and paper tiger China is beyond bad, it's a cancerous lump that attempts to spread. China lost it's tech industry leadership to pajeets, Vietnam and yes even Mexico. Decoupling hit CCP hard and sanctions are working. Now CCP stopped publishing youth unemployment stats when it hit 23, fail to bail out Evergrand, drive tanks to intimidate protestor. Hell even Chinese banks are failing, limiting withdrawals and currency conversion.
These are same methods that failing USSR tried to save toilet paper ruble, attempt to hide problems from the west and cry about about CIA.

To conclude according to you @Random Internet Person and myself are paid by Falung Gong, because we post China Uncensored videos on a gossip forum. I use multiple sources, including ones from Weibo, a CCP controlled social media that show bank runs, protests and more. I guess desperate unemployed Chinese are on CIA and Falung Gong payroll too.
 
Construction was only 7% of China's GDP in 2022 (and only some of that is Evergrande-style ghost cities). Compare that to the US where construction is 4% of the GDP.

All countries need trade to sustain themselves.

You clearly stopped reading at the headline, since it doesn't even mention the province stricken by typhoons/flooding. Maybe then you'd see why China's "food self-sufficiency" decreased and noticed it's mostly just luxury foods instead of the basis of the diet.
on real estate and poverty. You're comparing apples to oranges.

main-qimg-0cfee1eab9c520fc292cd0e10d2cfe96-lq.jpeg
Majority of developed world are self sufficient to the point that produce food in excess.

You neglected to mention that CCP intentionally flooded vast farmlands, industry and homes of millions save ghost cities that produce absolute nothing.

China is more dependent on "shitholes" more than ever. You're only convincing yourself, little wumao.
 
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What did Vietnam and the EU (and to a lesser extent, Egypt) know that China didn't back in 2018?

E: I may have my answer. No archive because they would likely have already deleted it if it were any sort of big trade secret. Looks like China said "We're mad at Trump because he put the kibosh on free trade with Chaiyna" and Viet/EU/Egypt said "Yeah, we'll take that, thank you!" because they didn't have TDS over what understandably looks like bullshit through Chinese eyes.
 
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What did Vietnam and the EU (and to a lesser extent, Egypt) know that China didn't back in 2018?
Chinese tariffs on US soybeans drove up the price of Brazilian soybeans. Everyone that wasn't China bought more US soybeans. 5 years later, China is buying more US soy than ever and Brazil is making a killing.
 
Chinese tariffs on US soybeans drove up the price of Brazilian soybeans. Everyone that wasn't China bought more US soybeans. 5 years later, China is buying more US soy than ever and Brazil is making a killing.
Googled "2018 soy famine" because I wanted to give benefit of the doubt and stumbled upon the article I linked in my edit on the second entry in the search.
 
The problem with the CCP is the same as every centrally planned economic system. The incentives of the people doing the planning are political, and not economic. No matter what happens with the economic outcomes, they will still get their government paycheck. So while the CEO of ConAgra would rather cut his own Arm off instead of banning exports to a market because the leaders there called him a poopy head, the government officials in China absolutely would (and did). Because the economic facts of the matter are not the concern.

The same goes for China's absurd housing development. The purpose of building all that shit wasn't to sell houses. It was to boost GDP numbers ahead of the annual report. The Central Planners were not trying to make money selling them. They were trying to show their bosses how much concrete got bought. How much steel got smelted, how many workers got paid, etc etc etc. This all went into the GDP numbers, and the party bosses demanded that they make line go up. The functionaries obliged.

Worse, in order to keep the scheme going, they made sure the new Middle Class in China had limited options for parking their money. The "Stock Markets" in China are strictly controlled, and its not easy for the rank and file citizenry to even invest in any company on them, because all of the companies on them are State Owned Enterprises or State controlled by significant share. They also can't invest their money in foreign exchanges and then repatriate their earnings back to China, as this fucks with the central planners money manipulation schemes. Can't have Yuan being turned into Dollars to buy shares of Tesla.

This incidentally is why China cracked down on Crypto, because absent realistate, Crypto was the only other major out. With that loop hole closed, if you wanted to put your money in a STONK where "Line Goes Up" and you were a middle class Chinese, your options were Government Bonds, or Property. The choice, was obvious. Which means not only is a significant amount of debt tied up in these shit hole apartments, the life savings of hundreds of millions of ordinary Chinese are too.
 
Construction was only 7% of China's GDP in 2022 (and only some of that is Evergrande-style ghost cities). Compare that to the US where construction is 4% of the GDP.
Construction ≠ real estate.
Furthermore CCP builds tofu dregs both home and aboard just to cook the books with worthless and unsafe buildings. High speed rail network has more ghost stations, shaky trains that simulate Parkinson's disease. This isn't a win you think it is. US doesn't give orders to companies to build multi story buildings, highways to nowhere and Potemkin buildings. Twin arcs in Shanghai still isn't finished. After this real estate bomb, there's more unfinished building projects across China, go CCP go show that shithole United States!
 
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The problem with the CCP is the same as every centrally planned economic system. The incentives of the people doing the planning are political, and not economic. No matter what happens with the economic outcomes, they will still get their government paycheck. So while the CEO of ConAgra would rather cut his own Arm off instead of banning exports to a market because the leaders there called him a poopy head, the government officials in China absolutely would (and did). Because the economic facts of the matter are not the concern.
Economics is the art of trying to meet unlimited wants with limited resources. Politics is the art of convincing people that resources aren't actually limited, as long as you have the political will and elect me.
US doesn't give orders to companies to build multi story buildings, highways to nowhere and Potemkin buildings.
That's mostly the province of the State of California, although the feds do sometimes fund bridges to nowhere.
 
That's mostly the province of the State of California, although the feds do sometimes fund bridges to nowhere.
To be fair, the OG "bridge to nowhere" actually was meant to go somewhere, but resulting natural disasters further down the line (flooding) made the Government change the planned route of the highway, but left a completed bridge along the abandoned route.

Most people however think of this proposed bridge in Alaska, that meant to connect a large Island, with a population of 50, to the Alaskan mainland. The question was less about it going somewhere, and more about whether it was required when the Ferry already met the needs of the few households present.

In the case of China however, they literally built houses for nobody, and roads going to nowhere.
 
That's mostly the province of the State of California, although the feds do sometimes fund bridges to nowhere.
Orange county, Scientologists build many bridges to nowhere after extensive brain rot sessions, jokes

The airport being a big deal for a city that has no road connection to the rest of Alaska.
Outside plans for building a military base in bumfuck nowhere and potential oil drilling or forest industry, government is likely to ax this proposed airfield construction. Glowniggers love to stay away from people. It would be a waste of money. It's just 50 people who knows what is keeping them there
 
That link and video literal dismantled your entire argument, so it's clear you're Just trying to save face.
You can't even explain how it did, probably because you're a midwit who doesn't know what he's talking about.
That's not what your quote says. It says China imports a lower percentage than Japan and ROK. That is a very low bar.
My mistake, I shouldn't assume people here have any knowledge of East Asian economics. Here's a stat from last year, by my count China is exporting over 2 billion dollars worth of food products to South Korea (mostly seafood, fruits, and vegetables but including 190 million dollars worth of cereals i.e. grain). For Japan it's over 4 billion, including seafood, fruits, vegetables and also 79 million dollars worth of cereals. Since Japan has about twice the population of ROK, this represents a lot of the food resources in either country.
150 years ago 5% was enough to cause a famine. It's safe to say things are not going well.
That wasn't even necessarily true in China centuries ago whenever the government got off its ass and made sure the merchants were shipping rice using the canal network they maintained (go read about the Grand Canal). Natural disasters destroying a portion of the crop is a common event globally, like here's one from 2020 where a windstorm destroyed 550,000 acres of corn in Iowa (a little over 4% of Iowa's corn acreage, or 0.6% of the entire US).
Majority of developed world are self sufficient to the point that produce food in excess.

You neglected to mention that CCP intentionally flooded vast farmlands, industry and homes of millions save ghost cities that produce absolute nothing.

China is more dependent on "shitholes" more than ever. You're only convincing yourself, little wumao.
The majority of the developed world aren't feeding 1/7th of the world's entire population on 8% of the world's arable land, and even your map there (which is over twenty years old) shows China's self-sufficiency. I don't think China "saving" ghost cities is good policy, but end of the day it's no different than all the self-destructive policies the Fed does to protect investments in the US (like printing money to paper over a recession to protect the stock market).
 
The majority of the developed world aren't feeding 1/7th of the world's entire population on 8% of the world's arable land, and even your map there (which is over twenty years old) shows China's self-sufficiency. I don't think China "saving" ghost cities is good policy, but end of the day it's no different than all the self-destructive policies the Fed does to protect investments in the US (like printing money to paper over a recession to protect the stock market).
Moving goalposts there a little laddie. It went from ”every country needs food imports” to majority and uncitated 1/7 number. EU as a whole got over Pandemic and ongoing war in Ukraine.

What do you think doesn't matter, CCP destroyed agriculture, property of the farmers that took generations of families to build. First opting for Trofim like practices to make rice parties on mountainside, ignoring the fact forested mountains soak water and prevent excessive flooding. Those are underwater as well. Deliberate destruction and permanently ruining farmland. Soil is permanently tainted with sewage, toxic runoffs and caked with mud.

Large portion of China's population live in poverty, unemployment hit record highs, people are starving to the point people are fed year old food, produce and cattle are painted so sickly livestock could sell.


Comparison to "shithole US" and "fed"(which are your Autistic obsession) aren't related to this, just like in wumao playbook you bring in a false equivalence and a red herring.

China is more dependent on those shithole countries that keep Chinese people fed, deal with it.
 
Moving goalposts there a little laddie. It went from ”every country needs food imports” to majority and uncitated 1/7 number. EU as a whole got over Pandemic and ongoing war in Ukraine.
Ah yes, the usual debate tactic you use, where once you are proven wrong you throw out a random logical fallacy and start gish galloping about random nonsense. Also, you seriously don't know that China has 1/7 of the world's population? Or at the very least did until recently.
What do you think doesn't matter, CCP destroyed agriculture, property of the farmers that took generations of families to build. First opting for Trofim like practices to make rice parties on mountainside, ignoring the fact forested mountains soak water and prevent excessive flooding. Those are underwater as well. Deliberate destruction and permanently ruining farmland. Soil is permanently tainted with sewage, toxic runoffs and caked with mud.

Large portion of China's population live in poverty, unemployment hit record highs, people are starving to the point people are fed year old food, produce and cattle are painted so sickly livestock could sell.

Rice terraces are Lysenkoism? That's a hot take, not that you appear to have clue what a rice terrace or Lysenkoism is. Why should I bother addressing any of your other points? You don't know a thing about agriculture, so why would you understand something like how soil doesn't get "permanently polluted" otherwise the entire US Midwest (and most of the East Coast) would be nothing but a chemical wasteland after 100 years of industrial pollution that only within the past 20-30 years became not AS bad (but everything in the Ohio River and many other rivers is toxic to eat).
Comparison to "shithole US" and "fed"(which are your Autistic obsession) aren't related to this, just like in wumao playbook you bring in a false equivalence and a red herring.

China is more dependent on those shithole countries that keep Chinese people fed, deal with it.
Sounds like you're moving the goalposts here since I explained just why China imports food. Here's a good one, let's look at US food imports from China. That's around two billion dollars worth of vegetables, seafood, and even staple cereals (35 million dollars worth) being imported from China.
 
Rice terraces are Lysenkoism? That's a hot take, not that you appear to have clue what a rice terrace or Lysenkoism is. Why should I bother addressing any of your other points? You don't know a thing about agriculture, so why would you understand something like how soil doesn't get "permanently polluted" otherwise the entire US Midwest (and most of the East Coast) would be nothing but a chemical wasteland after 100 years of industrial pollution that only within the past 20-30 years became not AS bad (but everything in the Ohio River and many other rivers is toxic to eat).
Rejection of science based agriculture
On top of that hybrid rice terraces aren't suited nitrogen polluted soil, blight that is rampant form Sichuan to Hubei. Trying to farm pride and joy hybrid rice that hasn't given yield and isn't resistant to blight as advertised. Hybrid ricr

You have no Idea of the extent of the damage do you? As always you compare it to something that happened in United States as if it was relevant, you should look at How doksuri destroyed China's granary

Trying to deflect how CCP caused these typhoons to happen being most polluting nation on earth. These regions will take decades to build and capital which CCP doesn't have
Ah yes, the usual debate tactic you use, where once you are proven wrong you throw out a random logical fallacy and start gish galloping about random nonsense. Also, you seriously don't know that China has 1/7 of the world's population? Or at the very least did until recently.
Gish galloping where I address your every point in detail with sources
India overtook China's place as world's most populous country
China's aging population is severe
China's replacement late is 1.09
As such your attempt to discredit anti CCP claims, frankly I don't care if a wumao doesn't take me seriously. Demographics do not care what you think and attempt to discredit.

Like in CCP megathread you can only attempt to save face despite people being aware that you are CCP shill/wumao. See how many people support you and how well statistics work well for you.

I dare you to pull "Look western nations are just as bad!" and prove me right.
For people watching me outing you as a wumao and exact tactics you use.
Sounds familiar doesn't it?
 
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