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08-16-23, 12:40 PM | #601 |
Chief of the Boat
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Wise men speak because they have something to say; Fools because they have to say something.
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08-17-23, 06:27 PM | #602 |
Soaring
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08-18-23, 07:37 AM | #603 |
Chief of the Boat
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__________________
Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim) |
08-19-23, 06:48 AM | #604 |
Chief of the Boat
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__________________
Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim) |
08-19-23, 12:09 PM | #605 |
Chief of the Boat
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__________________
Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim) |
08-20-23, 12:06 PM | #606 |
Chief of the Boat
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__________________
Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim) |
08-20-23, 02:29 PM | #607 | |||
Gefallen Engel U-666
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Quote:
Quote:
Quote:
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"Only two things are infinite; The Universe and human squirrelyness; and I'm not too sure about the Universe" |
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08-20-23, 05:47 PM | #608 |
Soaring
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Six facts show that the “China crash” is wishful thinking. The swan song for the Chinese economy is definitely premature:
1. China is growing twice as fast as the US 2. Falling imports are a sign of strength 3. China's innovative power is increasing 4. China's footprint in Europe is growing 5. China is sitting on a mountain of raw materials 6. China's currency reserves are like an ammunition depot https://www-focus-de.translate.goog/..._x_tr_pto=wapp
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08-21-23, 06:41 AM | #609 |
Chief of the Boat
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Drastically worsening youth unemployment numbers in China have caused the government to temporarily — or perhaps permanently — stop their publication.
__________________
Wise men speak because they have something to say; Fools because they have to say something.
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08-21-23, 11:35 AM | #610 | |
Gefallen Engel U-666
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Today front-page news
Front page of today's WSJ: China's 40-Year Boom Is Over, Rising Fears of Extended Slump
Quote:
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"Only two things are infinite; The Universe and human squirrelyness; and I'm not too sure about the Universe" |
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08-21-23, 01:05 PM | #611 |
Soaring
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Dont be too early.
From the above link: 1. China grows twice as fast as the U.S. The IMF forecasts real GDP growth of 5.2 percent in 2023 and 4.5 percent in 2024, making China's GDP equivalent to nearly eight percent of the global economy. Even if China grew by only three percent in 2023, that would be more than half a trillion dollars. 2 Falling imports are a sign of strength In July 2023, Chinese imports fell 12.4 percent year-on-year, but falling imports are not necessarily bad news for China. According to Jürgen Matthes, "China's government is deliberately going for more and more self-sufficiency to reduce its dependence on the West." Take the auto industry, for example: the CP Politburo has launched its own electric car offensive. In the Middle Kingdom, people drive a BYD and not a Volkswagen. In the first five months, the Chinese market leader sold three times as many electric cars in its home country as all Western car brands combined. This is reflected in falling import figures. 3 China's innovative strength on the rise The inventiveness of the Chinese is increasing, as shown by the number of patent applications at the European Patent Office. In 2022, 19,041 Chinese patents were registered there - an increase of 15 percent compared to the previous year and fourth place in a global country comparison. 4. China's footprint in Europe is growing stronger In a recent study, the Institute of German Business concludes that Chinese goods are becoming increasingly important for the EU market. While in 2000 the share of EU imports from China was still 2.6 percent, the share grew to 8.8 percent last year. Europeans mainly buy computers and other electrical and optical equipment from Chinese production. Here, the share grew from 4.5 percent (2000) to 27.4 percent (2022) in the same period. 5 China sits on a mountain of raw materials The so-called rare earths play a crucial role in the manufacture of all kinds of electronic products. With a market share of nearly 70 percent, China is the leading producer of these raw materials. Of all rare earths on the world market, 34 percent come directly from imports from China. 6 China's currency reserves resemble an ammunition depot The Chinese currency, the yuan, has depreciated six percent against the U.S. dollar since the beginning of the year. According to media reports, Chinese authorities have now instructed state-owned banks to intervene more in the foreign exchange market this week to prevent a rise in the yuan's volatility. China can afford such interventions. Its currency reserves are an expression of strength - and they are significantly higher than those of the other industrialized nations. Beijing has $3.3 trillion stashed away for times of crisis. Japan, in second place, has only 1.3 trillion US dollars. At the end of 2022, Germany was hoarding just under 300 billion US dollars.
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08-22-23, 12:17 PM | #612 |
Chief of the Boat
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Wise men speak because they have something to say; Fools because they have to say something.
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08-23-23, 05:29 AM | #613 |
Chief of the Boat
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__________________
Wise men speak because they have something to say; Fools because they have to say something.
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08-25-23, 05:54 AM | #614 |
Chief of the Boat
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__________________
Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim) |
08-25-23, 06:10 AM | #615 |
Ocean Warrior
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Maybe related to that missing submarine?
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