Chinese Communist Party Megathread - Cold War 2: Electric Boogaloo

Uh-oh! China's bubble economy is about to burst reminiscent to the Great Recession. It was a good idea for America to decouple away from China.

Also, leaks came on the Coronavirus research at the Wuhan lab just came out thanks to a FOIA lawsuit by the Intercept:
theintercept.com

New Details Emerge About Coronavirus Research at Chinese Lab

More than 900 pages of materials related to U.S.-funded coronavirus research in China were released following a FOIA lawsuit by The Intercept.
theintercept.com theintercept.com

theintercept.com

NIH Documents Provide New Evidence U.S. Funded Gain-of-Function Research in Wuhan

U.S.-funded experiment in China posed biosafety risks but did not cause Covid-19 pandemic, scientists say.
theintercept.com theintercept.com

The second article is interesting.

"U.S.-funded experiment in China posed biosafety risks but did not cause Covid-19 pandemic, scientists say."

Sure! I believe you. LMAO
 
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Japan, Vietnam sign defense transfer deal amid China worries
Japan can now give defense equipment and technology to Vietnam under an agreement signed Saturday, as the two countries step up their military cooperation amid worries about China’s growing military influence.

Japan’s Defense Minister Nobuo Kishi said the deal elevates their defense partnership “to a new level” and that Japan and Vietnam plan to deepen defense ties through multinational joint exercises and other means. Details about the transfer of specific equipment, including naval vessels, will be worked out in subsequent talks, the ministry said.

Kishi’s meeting with his Vietnamese counterpart, Phan Van Giang, in Hanoi coincided with a two-day visit to the Vietnamese capital by Chinese Foreign Minister Wang Yi. He wrapped up his visit by saying China plans to donate 3 million doses of its coronavirus vaccine to Vietnam.

The agreement comes two weeks after the U.S. Vice President Kamala Harris travelled to Vietnam to strengthen ties with the Southeast Asian nation. During the tour, Harris urged countries to stand up against “bullying” by China in the South China Sea.

Japan’s Defense Ministry said in a statement that Kishi and Giang agreed on the importance of maintaining freedom of navigation and overflight in the Indo-Pacific region, as well as cooperation in various defense areas including cybersecurity.

Tokyo regularly protests the Chinese coast guard’s presence near the Japanese-controlled Senkaku islands, which China also claims and calls Diaoyu. Japanese officials say Chinese vessels routinely violate Japanese territorial waters around the islands, sometimes threatening fishing boats.

During the talks, Kishi expressed Japan’s strong opposition to “any unilateral attempts to change the status quo by coercion or any activities that escalate tensions,” referring to China’s increasingly assertive activity in the East and South China Sea, but without identifying any country by name.

Vietnam is the 11th nation with which Japan has signed a defense equipment and technology transfer deal. Tokyo is looking to expand military cooperation beyond its longtime ally the United States, and has signed similar agreements with Britain, Australia, the Philippines and Indonesia.
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PS1gamenwatch said:
Our Pro-PRC friend says Mao and Sun Yat-Sen's ideology are the same:
View attachment 2530429
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Lester Jones said:
Uh-oh! China's bubble economy is about to burst reminiscent to the Great Recession. It was a good idea for America to decouple away from China.

Also, leaks came on the Coronavirus research at the Wuhan lab just came out thanks to a FOIA lawsuit by the Intercept:
theintercept.com

New Details Emerge About Coronavirus Research at Chinese Lab

More than 900 pages of materials related to U.S.-funded coronavirus research in China were released following a FOIA lawsuit by The Intercept.
theintercept.com theintercept.com

theintercept.com

NIH Documents Provide New Evidence U.S. Funded Gain-of-Function Research in Wuhan

U.S.-funded experiment in China posed biosafety risks but did not cause Covid-19 pandemic, scientists say.
theintercept.com theintercept.com

The second article is interesting.

"U.S.-funded experiment in China posed biosafety risks but did not cause Covid-19 pandemic, scientists say."

Sure! I believe you. LMAO
Click to expand...
Yea, in this 900 page article proves that china was being sussy when it comes to the Wuhan biolab. Which adds credibility to the Wuhan Lab leak theory.

Also I think its a good idea to just embargo China at this point, they dont care about the climate, they use it to further their own political goals by acting like a bully.



This just points the arrow of the origin of Coronavirus even more.

PS: If anyone can link the 900 page documents ina PDF file, I would greatly appreciate it.
 
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The rumors of Evergrande possible bankruptcy are denied and take the following one with a pinch of salt, there's some social unrest who boils in China.

Evergrande Denies Rumors Of Bankruptcy As Crisis Boils Over, Social Unrest Breaks Out Across China | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

China Evergrande Group, the largest and most indebted, and certainly most insolvent property developer in China, is - together with its $300+ billion in debt - rapidly approaching its "China moment."

Five days after reports of a technical default at Evergrande, which slammed China's property market and sent Chinese junk bond yields to the highest level since March 2020, the company took the unprecedented step of publishing a statement on its website, according to which it is "indeed facing unprecedented difficulties but it firmly fulfills responsibilities." The company added that it will go all out to resume work and production, ensure to deliver buildings, do everything possible to restore normal operations, and protect the legitimate rights and interests of customers.



The company's statement was also prompted by the growing operational and liquidity crunch that has crippled Evergrande's business and balance sheet, and as Bloomberg reports this morning is now manifesting itself in mounting protests by homebuyers, retail investors and even its own employees, raising the stakes for authorities in Beijing as they try to prevent the property giant’s debt crisis from sparking social unrest.

According to Caixin, police descended on Evergrande’s Shenzhen headquarters late Monday after dozens of people gathered to demand repayments on overdue wealth management products. Protesters numbered in the hundreds on Sunday.

In what appears the sad - and inevitable - beginning of the end for Evergrande, the largest Chinese developer told employees at its office in Shenyang, near the border with North Korea, to work from home after staffers who bought the company’s WMPs staged a protest over the weekend, Bloomberg reported citing a person familiar with the matter said. In Guangzhou, angry homebuyers surrounded a local housing bureau last week to demand Evergrande restart stalled construction.

Videos of protests against the developer in other parts of China were being shared widely on China's microblogging platform, Weibo. For now, there has been indication that any of them have turned violent.
Click to expand...
 
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Sounds like /pol/ may be thrown for a loop.
1754F159-2BEC-49D5-B4C3-97C137204C69.jpeg
 
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Super-Chevy454 said:
I wonder if it might be related to the upcoming bankruptcy of Evergrande? :thinking: Or like Dr. Frankenstein, he lost the control of the monster he created.
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There's also a criticism in the Chinese stock market that the government has some influence over it by artificially controlling the prices of its stocks to make the market seem like a well-oiled machine.
 
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Super-Chevy454 said:
I wonder if it might be related to the upcoming bankruptcy of Evergrande? Or like Dr. Frankenstein, he lost the control of the monster he created.
Click to expand...
On top of that, a protest held by the investors broke out at its Chinese headquarters. Guess we know who's gonna be added to the crackdown chopping block.

 
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Before watching this, take note that there are 2 major factions in the CCP, one for Xi Jinping and one for Jiang Zemin.

Just a side note: Remember the time when Jack Ma's disappearance. He's also part of Jiang Zemin's faction.
asia.nikkei.com

Xi shakes the house Jack Ma and Jiang Zemin built

Nikkei's China bureau chief offers snapshots of politics amid the pandemic
asia.nikkei.com asia.nikkei.com

Personal take: If the author's prediction turns out to be right, then the Jiang's regime will take control of the CCP which will be more liberal and open to free market compared to Xi's. I'm for Jiang Zemin's faction because Xi is more nationalistic and more prone to aggression because of their adoption of Wolf warrior diplomacy.
en.wikipedia.org

Wolf warrior diplomacy - Wikipedia

en.wikipedia.org en.wikipedia.org

 
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Lester Jones said:
Before watching this, take note that there are 2 major factions in the CCP, one for Xi Jinping and one for Jiang Zemin.

Just a side note: Remember the time when Jack Ma's disappearance. He's also part of Jiang Zemin's faction.
asia.nikkei.com

Xi shakes the house Jack Ma and Jiang Zemin built

Nikkei's China bureau chief offers snapshots of politics amid the pandemic
asia.nikkei.com asia.nikkei.com

Personal take: If the author's prediction turns out to be right, then the Jiang's regime will take control of the CCP which will be more liberal and open to free market compared to Xi's. I'm for Jiang Zemin's faction because Xi is more nationalistic and more prone to aggression because of their adoption of Wolf warrior diplomacy.
en.wikipedia.org

Wolf warrior diplomacy - Wikipedia

en.wikipedia.org en.wikipedia.org

Click to expand...
The trouble Zemin on the human rights side, is no better than Xi the pooh. Talk about choosing between cholera and gonorrhea.
 
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Lester Jones said:
Personal take: If the author's prediction turns out to be right, then the Jiang's regime will take control of the CCP which will be more liberal and open to free market compared to Xi's. I'm for Jiang Zemin's faction because Xi is more nationalistic and more prone to aggression because of their adoption of Wolf warrior diplomacy.
en.wikipedia.org

Wolf warrior diplomacy - Wikipedia

en.wikipedia.org en.wikipedia.org
Click to expand...

Super-Chevy454 said:
The trouble Zemin on the human rights side, is no better than Xi the pooh. Talk about choosing between cholera and gonorrhea.
Click to expand...
China Uncensored talked about this:

The only thing that's changed is that Xi has made it harder for foreigners to make money in China and has made open his plans for what can basically be described as world domination, along with having the platform and means and power necessary to talk about these things openly and not giving a damn about making enemies.

Regardless of the leader, the CCP will just do business as usual and continue things:
-genocide of Uyghurs and human rights abuses (every leader has done this: Deng Xiaoping approved the Tiananmen Square Massacre, Jiang Zemin started the organ harvesting campaign and persecuted Falun Gong members, Hu Jintao went hard after Tibet)
-Crushing rebellions and resistance to their rule in Hong Kong and elsewhere
-Militarizing the waters and claiming ownership of the South China Sea
-making plans to invade Taiwan and talking openly about it
-Loan sharking and strong arming their way into influence in foreign countries through debt traps and the Belt and Road Initiative and taking advantage of leaders they perceive as "weak"
-Continuing to blame the origins of the Coronavirus pandemic on any country they have beef with, while pressuring groups like the WHO to buy into their propaganda and speak highly of the ways they've worked to handle it along with suggesting their methods should be used elsewhere
-Prolonged surveillance of citizens
-going after anyone who uses a VPN, along keeping the Internet in China heavily restricted, while using apps that are banned in the country to go after the West and take shots at them
-Going after any foreign country or company who talks about Taiwan being a country or supporting Hong Kong not being under the control of Beijing

Getting rid of Xi won't remove the issues the CCP have. You'll just be able to make a little more money.
 
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edition.cnn.com

Chinese property giant Evergrande warns again that it could default on its enormous debts

Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets.
edition.cnn.com edition.cnn.com
archive.md

Evergrande, Chinese property giant, warns again that it could default…

archived 14 Sep 2021 22:55:47 UTC
archive.md archive.md
An update on Evergrande:
Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets.
The embattled Chinese property giant has already warned in recent weeks of its cash crisis, listing $300 billion in total liabilities and saying that it could default if it's unable to raise money quickly.
Should that happen, the effects would be felt across China's banking system and the wider economy. The group has already suspended work on some projects as it tries to conserve cash, a move that's poised to hit China's property sector.
Markets in the region shook on Tuesday. The Shanghai Composite (SHCOMP) closed down 1.4%, while Hong Kong's Hang Seng index (HSI) fell 1.2%.
Evergrande disclosed on Tuesday that it had made "no material progress" in its search for investors to buy part of its stakes in its electric vehicle and property services businesses.

archive.md

Pressed on 'Chinese Aggression,' Antony Blinken Calls Taiwan Country …

archived 15 Sep 2021 06:39:07 UTC
archive.md archive.md
At least the US State Department isn't being held by Beijing Biden's balls.
 
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