[Asia/Oceania] Yellen says she hopes China wont mount retaliation against any steps Washington takes

The Something Awful Forums > Discussion > C-SPAM > [Asia/Oceania] Yellen says she hopes China wont mount retaliation against any steps Washington takes

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(Thread IKs: fart simpson)

JAY ZERO SUM GAME: Oct 18, 2005; Walter.
I know you know how to do this.
Get up.

more like if the confederacy were based in Puerto Rico, but yeah

# ? Feb 8, 2024 12:53

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# ? May 27, 2024 15:08

stephenthinkpad: Jan 2, 2020

If the Americans can't understand why NATO going to Ukraine is similar to Soviet missiles going to Cuba, they are not going to understand why Taiwan is like China's Texas.

Who is going to tell them American Exceptionalism is not real.

# ? Feb 8, 2024 13:53

Votskomit: Jun 26, 2013

https://www.economist.com/finance-and-economics/2024/02/07/chinas-stockmarket-nightmare-is-nowhere-near-over

I'm always impressed by The Economist's dedicated "China bad" artist always finding new ways to make a cutesy orientalist image.

# ? Feb 8, 2024 14:43

Honky Mao: Dec 26, 2012

China teetering on the edge of collapsing to even greater heights

# ? Feb 8, 2024 14:54

Orange Devil: Oct 1, 2010; Wullie's reign cannae smother the flames o' equality!

oh no not the stock market

# ? Feb 8, 2024 15:21

crepeface: Nov 5, 2004; r*p*f*c*

Votskomit posted:

https://www.economist.com/finance-and-economics/2024/02/07/chinas-stockmarket-nightmare-is-nowhere-near-over

I'm always impressed by The Economist's dedicated "China bad" artist always finding new ways to make a cutesy orientalist image.

wait... is that the Japanese sakura in China colours?

edit: wait, not even. it's orange, not yellow.

# ? Feb 8, 2024 15:27

ScootsMcSkirt: Oct 29, 2013

Votskomit posted:

https://www.economist.com/finance-and-economics/2024/02/07/chinas-stockmarket-nightmare-is-nowhere-near-over

I'm always impressed by The Economist's dedicated "China bad" artist always finding new ways to make a cutesy orientalist image.

oh hey, Windows decided that this garbage was "breaking news" https://www.msn.com/en-us/news/worl...10&sc=shoreline

quote:

China�s Spring Festival has huge demographic and political significance.

It�s the last surviving relic of a past world, where extended families gathered at their home villages to share respectful greetings to the old, wishes for prosperity (�Gong xi fa cai� in Mandarin) among the younger generation, and joy at the births of new heirs and descendants.

Nearly 40 years of the coercive One Child Policy, not to speak of uncounted deaths from Covid-19 among the elderly last Spring Festival, has taken an irreversible demographic toll on festival jollity.

This year it is snow, not the pandemic, that is disrupting travel and spoiling the party. But this too is a starkly apt metaphor for the wintry grip of Xi Jinping�s authoritarian power. �Good wishes, get rich� rings hollow in these days of economic stagnation and decline.

At home and abroad, much attention was paid on February 6 to an extraordinary Chinese stock market rally, apparently based largely on news that Xi Jinping was in conclave with market regulators over new measures to revive market confidence.

No doubt the timing of this characteristically command economy intervention was carefully chosen to evoke festive cheer. Anyone in the West buying into it, however, needs to take a step back and think again. After all, the rise was led by recognisably state-directed investors.

For years Xi has made much of his achievements in �lifting millions out of poverty�, quietly ignoring the point that this was more about removing Communist ideological blockers to prosperity than it was implementing a better-balanced economic model.

This year, the other shoe has fallen. Bad loans, rent-seeking by inept local government and state-owned enterprises overproducing led to a disastrous property bubble that has now burst. The 30pc share that the property sector held in the economy is now a millstone dragging it into the mire, with other sectors falling into disarray around it.
Beyond the immediate crisis, things aren�t much better in the longer term. China�s workforce is ageing and shrinking, creating a headwind for growth. Younger generations, meanwhile, are increasingly disaffected. Youth unemployment hit a record high of over 21pc in June 2023. The Government�s response was to stop publishing the figures. Small wonder then that market sentiment is so cautious.

While Western media outlets are increasingly willing to publish harsh criticisms of the Chinese leadership�s economic ineptitude, international institutions are still treading cautiously. In December, the World Bank published a readable, elegant China Economic Update which outlined in meticulous detail the quantitative evidence for a slew of ills currently afflicting the Chinese economy.

As befits the organisation�s expertise and credibility, the report also offers a series of suggestions as to what it would be �appropriate� for China to do to revive its fortunes. Given the degree to which Xi Jinping has taken personal control of the levers of state power, he is unquestionably the sole arbiter of high-level economic policy. It�s accordingly of note that there is nowhere in the entire 58-page document a single reference to the Chinese Communist Party (CCP), let alone Xi Jinping.

Diplomatic niceties and corporate nerves mean that this failure to name names is replicated in much heavy-weight Western assessment and analysis. The result is a widespread, misguided impression that China has an economy run much like any Western free market, with issues that might �appropriately� be dealt with in a relatively conventional manner.

It is probably true that a well-planned and executed programme of coordinated reforms could lessen a number of China�s current economic headwinds. But they will not be so dealt with, because that is not what Xi Jinping does.

An artificial, short-term surge in market optimism whipped up by the February 6 buying spree does not amount to a credible policy for fixing the mess that the CCP has made of its post-Covid revival, or for liberal economic reforms.

Xi Jinping has a completely different agenda, which includes such economically risky aims as annexing Taiwan, and continuing his support for Putin�s Russia. All his intervention in the stock market has done is highlight how irrelevant conventional market forces are in China.

Most rational Western analysis agrees that economic engagement with the PRC is unavoidable. China�s economy is locked in a population doom spiral, loaded with bad debts. But as bad as the economic situation is, the political risks should weigh even heavier.

China�s national strategy under Xi is driven by a political, military and economic contest with the West. The autocrat has staked his reputation on hard, exclusive Chinese nationalism and independence from the Western-led rules-based order. He has already shown in Hong Kong something of his intentions for Taiwan.

Last year, it was reported that 68pc of major corporations bought political risk insurance in 2022, compared with 25pc in 2019. China, where firms are subject to sudden expropriation, and operate at the whim of political overlords, was seen as a particular risk factor, and one it was increasingly hard to insure.

The US investment bank chief executive who last September said he was �highly cautious� about Chinese risk in late November stated bluntly that if there was war in Taiwan, all bets would be off; his bank would exit China if the US government ordered him to.

Economists and business analysts focusing on the prospects for a rise in GDP or a fall in unemployment are focusing on entirely the wrong issues. Our understanding of the Chinese economy was flawed, failing to see how much was built on debt and thin air.

The next thing to unravel could be our last, treasured illusions about how Xi will react to his country sinking into an economic mire, with a falling population. It�s time to prepare for a new cold war.

the cope is off the charts

# ? Feb 8, 2024 15:47

Orange Devil: Oct 1, 2010; Wullie's reign cannae smother the flames o' equality!

China: *celebrates New Years*

The West: "Ah, time to prepare for war"

# ? Feb 8, 2024 15:51

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

remember that they tried to make it "Lunar New Year" instead of "Chinese New Year"

# ? Feb 8, 2024 15:54

fart simpson: Jul 2, 2005; DEATH TO AMERICA

thanks msn, i see you have a writer who follows michael penis and peter zeihan

# ? Feb 8, 2024 16:01

stephenthinkpad: Jan 2, 2020

gradenko_2000 posted:

remember that they tried to make it "Lunar New Year" instead of "Chinese New Year"

I am on the fence on this one. What do people in the English world call the Russian orthodox new year?

# ? Feb 8, 2024 16:05

fart simpson: Jul 2, 2005; DEATH TO AMERICA

stephenthinkpad posted:

I am on the fence on this one. What do people in the English world call the Russian orthodox new year?

they don�t talk about it

# ? Feb 8, 2024 16:06

GlassEye-Boy: Jul 12, 2001

stephenthinkpad posted:

I am on the fence on this one. What do people in the English world call the Russian orthodox new year?

There's a orthodox new year? That's pretty much the response.

# ? Feb 8, 2024 16:37

Lord of Pie: Mar 2, 2007

stephenthinkpad posted:

I am on the fence on this one. What do people in the English world call the Russian orthodox new year?

communism

# ? Feb 8, 2024 16:38

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

stephenthinkpad posted:

I am on the fence on this one. What do people in the English world call the Russian orthodox new year?

people will argue that it's technically correct that it's a holiday celebrated by more than just China, but it's very obviously a move to try and spite China, which is why I don't like it. Nobody gave a poo poo about the specific naming of CNY until, what, 2022?

# ? Feb 8, 2024 16:50

stephenthinkpad: Jan 2, 2020

gradenko_2000 posted:

people will argue that it's technically correct that it's a holiday celebrated by more than just China, but it's very obviously a move to try and spite China, which is why I don't like it. Nobody gave a poo poo about the specific naming of CNY until, what, 2022?

I know where you are coming from. But I am of the opinion that some Chinese thing had wrong translation from the beginning. Like Chinese dragon is being translated more and more as Loong instead of Dragon. CNY should just be called Spring Festival because that's what it is in Chinese.

# ? Feb 8, 2024 16:53

Weka: May 5, 2019; That child totally had it coming. Nobody should be able to be out at dusk except cars.

gradenko_2000 posted:

https://twitter.com/PostLeftWatch/status/1755433293779206540?t=Lj5JxQJrNEWONAuq4BFcIA&s=19

I love this account because it's too polite to ever take a tone on the clip it's describing, as if the straight dope is ridiculous on its face

But like, the analogy is entirely correct

Not really. In this analogy, the Texas Confederacy has given up slavery (Taiwanese military dictatorship) and is still an enemy of the USA. It might not be good, but that's still good enough for me. Instead of posting Taliban ftw we would be posting Texiban ftw.

# ? Feb 8, 2024 17:04

Leggsy: Apr 30, 2008; We'll take our chances...

https://twitter.com/AsiaElects/status/1755626645786906961
PTI leading in unofficial counts in Pakistan, despite being banned from running as a party (all PTI aligned candidates are running as independents). Response will be... interesting, to say the least.

# ? Feb 8, 2024 17:34

WhiskeyWhiskers: Oct 14, 2013; "هذا ليس عادلاً."
"هذا ليس عادلاً على الإطلاق."
"كان هناك وقت الآن."
(السياق الخفي: للقراءة)

stephenthinkpad posted:

I know where you are coming from. But I am of the opinion that some Chinese thing had wrong translation from the beginning. Like Chinese dragon is being translated more and more as Loong instead of Dragon. CNY should just be called Spring Festival because that's what it is in Chinese.

Chinese New Year isn't in Spring globally either? What's wrong with just calling it Chinese New Year?

# ? Feb 8, 2024 17:35

stephenthinkpad: Jan 2, 2020

Leggsy posted:

PTI leading in unofficial counts in Pakistan, despite being banned from running as a party (all PTI aligned candidates are running as independents). Response will be... interesting, to say the least.

Is this the Imran Khan party? Do they have any traditional regional/family affiliation? Either way poo poo is going to get ugly. They are making a martyr out of that stick baseball guy.

WhiskeyWhiskers posted:

Chinese New Year isn't in Spring globally either? What's wrong with just calling it Chinese New Year?

Meh, call it "Chun Jie" in those season backward countries.

# ? Feb 8, 2024 17:51

mila kunis: Jun 10, 2011

Leggsy posted:

https://twitter.com/AsiaElects/status/1755626645786906961
PTI leading in unofficial counts in Pakistan, despite being banned from running as a party (all PTI aligned candidates are running as independents). Response will be... interesting, to say the least.

wonder what the official counts will say

# ? Feb 8, 2024 17:53

crepeface: Nov 5, 2004; r*p*f*c*

chinex new year

# ? Feb 8, 2024 18:06

comedyblissoption: Mar 15, 2006

https://twitter.com/RnaudBertrand/status/1755433793568281064

# ? Feb 8, 2024 19:12

mawarannahr: May 21, 2019

North Korea forces residents to buy photos of recent satellite rocket launch

www.rfa.org posted:

North Korea is forcing its citizens to buy large decorative photos depicting a recent rocket launch to display in their homes as a sign of patriotism. But the people are pushing back, saying the launches and the photos themselves are a waste of money that could be better spent on feeding the people, residents in the country told Radio Free Asia.

�On Jan. 28, each neighborhood-watch unit distributed decorative photos to each household which show scenes from the satellite launch,� a resident of the northeastern province of� North Hamgyong, who requested anonymity for personal safety, told RFA Korean. �Residents who refused to receive the photo were forced to take them, saying it was an order from the Party.�

The vinyl-coated photo placards depict the night-time rocket launch of the country�s first military reconnaissance satellite, the Manrikyong-1, which was successfully launched into orbit in November, after failed launches in May and August, said a resident of the northeastern province of Ryanggang.�

It�s rather large for a photo, 29 centimeters (11 inches) long and 19 centimeters (7.5 inches) wide, and is being sold for 1,500 won (18 US cents), a resident from the northern province of Ryanggang said.� In the past, the government gave away more items for free to its people, but now it is struggling financially.

This is the first time that the government is distributing photos of satellite and missile launches.�

The North Hamgyong resident said that people are complaining that they have seen enough news about the satellite in state-run TV and newspapers, and that posting them in their homes seems excessive.�

�But the head of the neighborhood watch unit threatened the residents, saying �If the Party orders you to post them at home, you will follow the order at all costs,�� he said.

The war-like images on the placards also rubbed some residents the wrong way, the resident said.

�They dislike seeing missile launches because they believe that every time a missile or satellite is launched, several years� worth of food for the people is thrown into the sky,� he said. �Launching missiles or satellites is an action that increases hunger among residents.��

For some of the poorer residents, the photos are expensive,� the North Hamgyong resident said.

�People would refuse them even if they were offered money to take the placards, but the authorities are going door to door asking us to pay for them,� he said. �Poor residents do not have even 1,000 won (12 cents). Some people are explicitly saying that they would rather receive food than satellite launch photos.�

People are not thinking about rockets, though, the Ryanggang resident said.�

�For residents who urgently need to make a living, the military situation between North and South Korea must take a backseat,� he said.�No matter how much the Party emphasizes the military standoff and instills a warlike atmosphere, most people show no response or interest.�

Translated by Claire S. Lee. Edited by Eugene Whong.

# ? Feb 8, 2024 19:18

BULBASAUR: Apr 6, 2009; Soiled Meat

comedyblissoption posted:

https://twitter.com/RnaudBertrand/status/1755433793568281064

doubt China will do anything rash, but it certainly has the potential to get spicy

# ? Feb 8, 2024 19:19

Mandel Brotset: Jan 1, 2024

BULBASAUR posted:

doubt China will do anything rash, but it certainly has the potential to get spicy

lol that island has space for what, a dozen roided out, bearded psychopaths larded with hundreds of pounds of kit? china should offer boat tours of this dangerous apex predator kept alive in captivity after the age of hegemony and zirp

# ? Feb 8, 2024 19:25

Spergin Morlock: Aug 8, 2009

i want one of the commemorative NK missile launch photos

# ? Feb 8, 2024 19:29

stephenthinkpad: Jan 2, 2020

comedyblissoption posted:

https://twitter.com/RnaudBertrand/status/1755433793568281064

I still don't know how big of a provocative it is, because I looked up that TVBS chinese article, it's called "military advisor" in the article, not calling them US military special force. Also TVBS is neutral or slightly pro blue media so they wouldn't be the one doing the "message delivery" for the DPP or the US. So I still don't know how big of a salami slicing it is yet. And its also kind of strange timing given Sullivan and Wang just had a meeting. We will see in 520 whether PLA will counter salami slicing during Lai's swore in ceremony.

# ? Feb 8, 2024 19:31

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

Spergin Morlock posted:

i want one of the commemorative NK missile launch photos

# ? Feb 8, 2024 19:32

Slavvy: Dec 11, 2012

One of those Americans will go crazy on that little hobo island knowing there's booze to consume and sexual assault to do just across the water but forever out of reach. There'll be some kind of cannibalism incident or something.

# ? Feb 8, 2024 19:37

Weka: May 5, 2019; That child totally had it coming. Nobody should be able to be out at dusk except cars.

There's like 100,000 people on Kinmen. It also has at least one distillery producing Kinmen Kaoliang Liquor 58. The high rises in the photo are on the island of Kinmen. I think that rock is part of the PRC.

# ? Feb 8, 2024 19:48

NZAmoeba: Feb 14, 2005; It turns out it's MAN!; Hair Elf

That little island looks like the worst possible posting. People are going to be shipped there because they pissed off their CO too much.

# ? Feb 8, 2024 19:49

Weka: May 5, 2019; That child totally had it coming. Nobody should be able to be out at dusk except cars.

crepeface posted:

chinex new year

# ? Feb 8, 2024 19:49

Tankbuster: Oct 1, 2021

https://twitter.com/ryangrim/status/1755654709178765363

# ? Feb 8, 2024 20:36

GlassEye-Boy: Jul 12, 2001

Weka posted:

There's like 100,000 people on Kinmen. It also has at least one distillery producing Kinmen Kaoliang Liquor 58. The high rises in the photo are on the island of Kinmen. I think that rock is part of the PRC.

No, those high rises are in Xiamen. Kinmen is a backwater village. That rock is Shi Yu Islet, owned by Taiwan as can be seen by the little Taiwan flag painted on a rock.

Imagine living on Kinmen and seeing that go up in the past 15 years.

GlassEye-Boy has issued a correction as of 20:52 on Feb 8, 2024

# ? Feb 8, 2024 20:45

strange feelings re Daisy: Aug 2, 2000

Tankbuster posted:

https://twitter.com/ryangrim/status/1755654709178765363

Deleted already, what was it?

# ? Feb 8, 2024 20:49

Weka: May 5, 2019; That child totally had it coming. Nobody should be able to be out at dusk except cars.

GlassEye-Boy posted:

No, those high rises are in Xiamen. Kinmen is a backwater village. That rock is Shi Yu Islet, owned by Taiwan as can be seen by the little Taiwan flag painted on a rock.

Imagine living on Kinmen and seeing that go up in the past 15 years.

Oops, I guess Bertrand got the names reversed in his tweet.

# ? Feb 8, 2024 21:47

mila kunis: Jun 10, 2011

https://twitter.com/ChaudriIrfan1/status/1755667622585069618

# ? Feb 8, 2024 22:22

stephenthinkpad: Jan 2, 2020

Can't PTI guys form a new party? Thailand does it all the time, literally every election.

# ? Feb 8, 2024 22:24

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# ? May 27, 2024 15:08

mila kunis: Jun 10, 2011

they could just recreate their old party if they're allowed. the question is whether the army will get away with rigging the election or smashing them outright this time. the population didn't rise up for the PTI or imran when he got jailed, so who knows. the people are pissed at the army, but the PTI is just another liberal party without the ability to have sufficiently armed and disciplined cadres or rouse an insurrection the way a communist party would have. the army might bet on stochastic acts of violence and protest against the establishment, which they think they can control.

# ? Feb 8, 2024 22:34

The Something Awful Forums > Discussion > C-SPAM > [Asia/Oceania] Yellen says she hopes China wont mount retaliation against any steps Washington takes

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