HoboNews posted:

Yeah so
What does it mean for America if China's market suddenly fucks itself?

Accretionist posted:

Those look like the latest figures. Is that potentially important? I'm not really sure what I'm looking at.

HoboNews posted:

Yeah so
What does it mean for America if China's market suddenly fucks itself?

Mr. Nice! posted:

Their currency, if that's correct, just took a 9% nosedive right before markets opening in that part of the world. It's a sign that the economy is in dire straights or direct currency manipulation.

Baronjutter posted:

Here's another thing I don't get about China, or more about the rest of the world. How come everyone keeps conducting diplomacy and business deals with the chinese government and firms as if they were western institutions and getting shocked every time they're totally hosed over or china does the most petty short sighted poo poo? "Oh they'd never screw us over on this on this minor thing, we both want a long term relationship and it's in both our interests..." NOPE. They will happily gently caress them selves out of millions of dollars in long term business if they can gently caress you over for a few thousand today. And it's not just about the short term gain, it's like in the business world you lose face for not loving someone over the moment you see the smallest opening.

"Well this western company says they want a 10 year metal fabrication contract, that would keep my company in business and growing for a decade and make me rich, BUT they didn't send an engineer over the watch the work this month so I'd lose massive face if I didn't replace the structural steel they ordered with this scap iron we found out back, thus saving us a few thousand dollars. Surely they won't ever do business with us again, but I'd look weak and lose face for not jumping at this chance to screw over a valued client, oh well I have no choice..."

Blistex posted:

Blistex posted:

Blistex posted:

Accretionist posted:

If China collapses and the world economy eats it, wouldn't that drive a lot of capital into US debt? That'd be a lot of cheap deficit spending.

Blistex posted:

Blistex posted:

blowfish posted:

We will make a big currency adjustment. A yooooooge currency adjustment. A currency adjustment like you've never seen. And Chinar is gonna pay for it.

quote:

KIDLINGTON, England — The Chinese visitors fanned out of a tour bus, and suddenly stopped, transfixed, as if marveling at the Venus de Milo or the Eiffel Tower. Then they began photographing an unremarkable 1970s suburban home, an oak tree, a rosebush and a garbage bin.

quote:

One tourist asked a stunned resident if he could help mow her lawn. (She politely declined.) Another jumped joyously on a child’s trampoline in the front yard.

...

Fran Beesley, 74, an occupational therapist, said she was startled to walk out of her house one day and find a Chinese man photographing her front yard as his family waited nearby.

quote:

In point of fact, there is a perfectly logical explanation for why droves of Chinese tourists are coming to Kidlington, and it is hardly going to burnish the local reputation. Sun Jianfeng, a 48-year-old tour guide with Beijing Hua Yuan International Travel, said guides were routinely depositing in Kidlington tourists who did not want to pay an extra $68 for an optional Chinese language tour of nearby Blenheim Palace, Winston Churchill’s majestic ancestral home. He added that some wily tourists had figured out that buying tickets at the palace would cost only about $25, and were secretly sneaking there on foot, irking other tourists, who had already paid full price. As a result, he said, those who opted out of the Blenheim tour were being dropped in Kidlington, which is not within walking distance.

Fojar38 posted:

The XE chart seems to show the RMB back to 6.8

Blistex posted:

rear end cobra posted:

It would have been so 2016

Fojar38 posted:

Genuinely bummed that the lives of over a billion people didn't get significantly worse tonight

Fojar38 posted:

The XE chart seems to show the RMB back to 6.8

Blistex posted:

The real reason is that despite driving a 10 ton truck or bus for more than a day, the drivers still don't understand that they have a shitload more momentum and require more stopping space than the compact car they drive at home.

Jose posted:

Boiled Water posted:

Having read this I still don't fully understand why unless it's penny wise pound foolish extrapolated towards everything.

quote:

China's futuristic 'straddling bus' now sits abandoned, gathering dust and blocking traffic

China's once-celebrated Traffic Elevated Bus (TEB) has been left abandoned in the middle of a Hebei city road, not having moved once in over two months. Originally touted as the futuristic solution to urban traffic jams, the "straddling bus" is currently causing them.

A local reporter recently checked up on "the future of public transportation" at its testing site in Qinhuangdao, only to find it forgotten in a rusted garage, covered in dust. The bus is currently being looked after by a pair of old security guards who reluctantly admit that they've been forgotten about as well.

"The managers from the company have long drifted away, and I am unable to contact them," said an unidentified guard.

This is quite the reversal from early August when the TEB made its first "test-run" to much fanfare and media coverage on a tiny 300-meter-long strip of road in Qinhuangdao. Unfortunately, testing was abruptly stopped only a few days later after Chinese state media labeled the "straddling bus" a big, fat scam. Nervous investors soon began asking for their money back and public criticism started to far outweigh the positive hype that the headline-catching project once enjoyed.

In early September, it was announced that the TEB would begin testing again, and local residents were invited to take part. However, that arrangement doesn't seem to have lasted very long and the "straddling bus" has since returned to its garage.

Despite its innovative design, critics have pointed out a few flaws with the "straddling bus." For example, only vehicles that are no more than 2.1 meters in height can pass freely underneath the bus, yet vehicles of up to 4.2 meters in height are allowed on most Chinese roads.

A few other concerns include that the 22-meter-long bus may be too heavy and cumbersome for roads in China, which have fallen victim to sinkholes in the past. Also, in the event of an emergency, passengers will be forced to escape from the carriage while suspended two stories above the ground.

But as much as TEB Tech may want everyone to forget about the "straddling bus," it simply refuses to die, living on now as a local traffic nuisance.

To test its invention, the company actually leased part of a city road in Qinhuangdao. Since the bus now remains exactly where it was abandoned , it continues to block three lanes of traffic, annoying residents to no end.

"No one has done anything with it in over two months. It still hasn't been dismantled," said local resident Chen Peng. "Give us back our road so we can pass through."

Unfortunately, locals won't be able to get rid of the "straddling bus" so easily.

The lease for the 300-meter-long test track was set to expire on August 31st; however, in September TEB Tech deputy manager and spokesperson Li Nancang confirmed that the lease had been extended for another year.

With one foot in the grave, it looks like the "straddling bus" finally lives up to its name.

Sorry, kid.

THE PWNER posted:

I then told them that ACTUALLY, Chinese people are incredibly patronising towards any foreigner trying to speak Mandarin. They didn't know what I was talking about. I no longer have 2 new Chinese friends.

Grand Fromage posted:

Were they under 30 or so? There's a biiiiiig difference there.

Baronjutter posted:

What's up with the UK and being obsessed with desperately trying to become BFF's with china lately?

THE PWNER posted:

I made some new China friends recently and we had lunch. I asked them how they would feel if a westerner spoke to them in Mandarin. They said they'd think it was great and really impressive because they know how hard it is to learn an unfamiliar language, having learned English.

I then told them that ACTUALLY, Chinese people are incredibly patronising towards any foreigner trying to speak Mandarin. They didn't know what I was talking about. I no longer have 2 new Chinese friends.

Guys... Is this thread.. Wrong??

THE PWNER posted:

Yes they're 23

Grand Fromage posted:

There's your answer then.

THE PWNER posted:

So do people here really just complain cus old Chinese people are xenophobic? Old people everywhere are xenophobic so that sounds pretty normal.

Sheep-Goats posted:

Oh good Pwner is back

Grand Fromage posted:

No, there are plenty of xenophobic young people and young people are actually more nationalist a lot of the time, since they've been pushing nationalism in school real hard since 1989 for some reason. But the odds of meeting someone cool increase greatly once you're talking to someone in their 20s. The generation gap in both China and Korea is enormous, more of a generation canyon.