Fogbow

China’s stock market is taking a serious pounding due to their ties with Russia. Like dot com bust level pounding. It’s been bad.

Hopefully we would be in a position to pound China even worse if they decide to help Russia. You'd think since 4 out of 5 items (I'm sure it's not exactly that, but you get the idea) sold in the US are made in China, you'd think we could persuade them to stay away from helping Putin.

Hmmm .... does China need the US$ or does the US need Chinas electronis and chips more?

Volkonski wrote: ↑Fri May 06, 2022 5:48 am

How far they've fallen in only two months. At the start of the winter Olympics, Xi and Putin were buddy-buddy, announcing a major new alliance that positioned them the best of friends.

Now, both economies are in tatters, with Russia losing a war they (and most of the world) thought would be a cakewalk. And the shrinkage in the Chinese economy from their horrendous COVID measures could lead to massive structural earthquakes, especially in the overheated and overleveraged real estate market that holds 70% of the wealth of the citizenry.

Xi put himself in as bad a box as Trump did in our COVID outbreak, where he pinned himself to "it's a hoax" and "we'll have about 15 cases, max, before this goes away." Xi can't administer the Chinese vaccines because they don't work against anything other than the original strain (and they did a poor job at that), and he can't admit that Chinese science (on this, at least) is second-rate, so he can't buy vaccines from the West. But he's promised that nobody is going to die from COVID, to show the superiority of the Chinese political system. The only card he's got to play is this draconian lockdown, and now he's bearing the fruit. Shanghai is the wealth creation engine of China as well as being a major port, and now 30 million middle-class and wealthy Chinese can't find groceries.

The Asian Games is not even a punctuation mark on how bad this mess is.

I have recently discovered Peter Zeihan, a geopolitical consultant whose YouTube channel is here: https://www.youtube.com/c/GEOPOP20/videos. He does a good job pointing out that China is in an increasingly desperate box both politically and economically. Recent videos talk more about what a disaster their COVID strategy is, as well as making an interesting argument that the real loser in Russia vs. Ukraine could well be China.

No, this isn't a 2 year old tweet. China having another bad Covid outbreak.

Say goodbye to your Christmas present..

Fearing COVID, workers flee from Foxconn's vast Chinese iPhone plant

By Ryan Woo
October 31, 20228:17 PM GMT+1Last Updated 6 hours ago

BEIJING, Oct 31 (Reuters) - After enduring days of lock-in at Foxconn's vast facility in central China with 200,000 other workers, Yuan finally climbed the fences on Saturday night and escaped the complex, joining others fleeing what they feared was a widening COVID outbreak.

He walked through the night, keeping to a northerly route, towards his hometown of Hebi, every step taking him farther away from iPhone maker Foxconn's (2317.TW) Zhengzhou plant, the Taiwan-based group's largest in mainland China.

"There were so many people on the road," Yuan told Reuters on Monday, declining to give his full name because of the matter's sensitivity.

Since mid-October, Foxconn has been wrestling with a COVID-19 outbreak at its facility in Zhengzhou, the capital of Henan province in central China. Workers were locked in to stop the spread of the coronavirus to the outside word. Foxconn has repeatedly refrained from disclosing the case load.



https://www.reuters.com/world/china/fea ... 022-10-31/

Beijing grinds to a near halt as China’s capital city battles Covid with more lockdowns

https://www.cnbc.com/2022/11/25/chinas- ... downs.html

More and more apartment compounds in Beijing on Friday forbade residents from leaving for at least a few days. That’s on top of a growing number of bans on business activity, which have forced gyms to close and restaurants to halt in-store dining.

“This morning most of our 30+ staff reported their communities went into a 7-day lockdown,” James Zimmerman, partner in the Beijing office of Perkins Coie, said on Twitter Friday. He said a day earlier, the firm had to tell all its employees to work from home.

It was not clear how many people were affected at a city level, and to what degree stay-in-place measures were being enforced. Beijing has a population of roughly 22 million.

“You constantly hear of someone going into lockdown and you have this constant feeling that you’re going to be next,” Joerg Wuttke, president of the EU Chamber of Commerce in China, said Friday. He estimated that about 40% of people in his office area were locked down.

I haven't followed China's new crackdown. Is it a new variation of covid?

Lani wrote: ↑Sat Nov 26, 2022 2:03 am I haven't followed China's new crackdown. Is it a new variation of covid?

Yes. Also China has not managed to immunize as many of its residents as it had hoped to by now.

Volkonski wrote: ↑Sat Nov 26, 2022 3:27 am

Lani wrote: ↑Sat Nov 26, 2022 2:03 am I haven't followed China's new crackdown. Is it a new variation of covid?

Yes. Also China has not managed to immunize as many of its residents as it had hoped to by now.

Well, here we go again ....