Asia Pacific Stocks

This means the true state of Chinese economy is even worse than what they allow outsiders to see.

Stimulus is coming!

Perspective matters :grinning: Good news. CCP is working with the private sector.

China’s youth unemployment hits a fresh record high in May, major data disappoint

The unemployment rate for young people ages 16 to 24 rose to 20.8% in May, a record and above the high set in April. The jobless rate for people of all ages in cities was 5.2% in May.

This chart puts China’s youth unemployment problem in perspective. Unemployment rate doubled in the last 5 years.

The wheels are falling off Xi’s clown car.

:clown_face:

Wow. Xi must be really desperate. Now poised to do both Recipe 1 and 2 at the same time.

I always find it funny when naive westerners, and sometimes Chinese people too who should know better, saying that China thinks super long term. “The Chinese think in centuries while we the West only thinks next year.” Such baloney.

Have you looked at recent numbers for US GDP growth? Depressing doesn’t begin to describe it - especially in an environment of ungodly federal deficits and consumer credit card debt.

https://archive.is/fiuu5

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Want to play wolf warrior and act like big brother? There are consequences.

A bipartisan group of U.S. lawmakers planned to introduce a bill on Wednesday to eliminate a tariff exemption widely used by e-commerce sellers to send orders from China to U.S. shoppers, one of the sponsors said.

The exception, known as the de minimis rule, exempts imports valued at $800 or less from tariffs if the items are shipped to individual consumers. The bill would ban such shipments from China immediately upon enactment, sponsor Republican Senator Bill Cassidy said.

Only targeting China and Russia. The rest of the world is fine.

Under the bill, countries other than China and Russia could keep the exemption by adopting the $800 threshold for their own tariff-free imports. The bill would only allow private shippers like FedEx (FDX.N), UPS (UPS.N) and DHL to transport de minimis packages and exclude postal services.

Bill sponsored by AMZN?

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Foreign capital no longer interested in China.

Capital is forced by a certain nation to leave in the pretext of de-risking.

Desperately find evidences of not dying. SMH.

.

I didn’t provide any evidences. You did :grinning: Or so self-evident?

BABA restructures into BRK-like.

BABA = BRK HQ, in charge of capital allocation
Six autonomous subsidiary (will be IPO) lead by a CEO

How come there’s still no stimulus?

China’s currency and stocks are down as the market reopens after the holidays.

Can only say good and cheerful things in China.

Bloggers who talk BS should be banned.