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Ghost Cities of China

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    #51
    This is quite good

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      #52
      Headline of this article is "There's a run on Chinese banks and it's being ignored by the world".

      https://www.asiamarkets.com/chinese-banks-run/

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        #53
        Quite interesting, though it is somewhat surprising for a piece with that title to include a block quote from last week's FT

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          #54
          Originally posted by Tactical Genius View Post
          The Chinese will be ok, as they seem to be in the throes of a 19th century type colonisation of Africa.
          A particularly unpleasant side of the Chinese colonisation of Africa that TG mentioned several years ago. African children being exploited to make racist video memes:
          https://www.bbc.co.uk/news/av/world-africa-61764466

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            #55
            Originally posted by Balderdasha View Post

            A particularly unpleasant side of the Chinese colonisation of Africa that TG mentioned several years ago. African children being exploited to make racist video memes:
            https://www.bbc.co.uk/news/av/world-africa-61764466
            And this is why I bristle when people use this people of colour and black and brown talk. As black people we cannot have comradeship with people who have strong anti-black sentiment in their society. They are brown or POC when they want to benefit off the struggle of black people, otherwise they get around white people going out of their way to put down black people and distance themselves from us.
            I am sure this is something you have all seen before?

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              #56
              Evergrande posts $81bn equivalent loss over two years, including $66bn in 2021 alone

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                #57
                23% youth unemployment rate in China now, seems... not good.

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                  #58
                  Bringing the thread back on topic

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                    #59
                    Is China headed for Japanification?

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                      #60
                      https://www.reuters.com/world/china/...ul-2023-08-18/

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                        #61
                        https://twitter.com/bbcworld/status/1707236947679224297?s=12&t=xvOireV8JOIS_CpbTtDBow

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                          #62
                          A Hong Kong court orders the liquidation of Evergrande, trading in its shares halted.

                          https://twitter.com/AP/status/1751798034193658205?t=p-mSjp39g5SBuROGpGBHPw&s=19

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                            #63
                            That is going to keep some consultants fed.

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