The (trade) war has started

[Cheesey74]

Smlj coke? Wahaha..

[Volvobrick]

RM 5.50 per botol?

 

Must be better than tongkat ali!  The last line reads LJ got strength!  

 

 

LJ trade war. China LJ got power. 

 

 

[Somewhat1975]

LJ trade war. China LJ got power. 

 

 

 

The manufacturer is from Xiamen. So the product is purposely named in this way.

[Victor68]

There was an article circulating about what happens to Toshiba 30 years ago when they sell precision instruments to Russia. The situation is similar to Huawei today. To cut the story short, America is bullying and trying to protect their own interest.

 

All their goods are undone by all the bads. Old tricks won't work now, 

[Wt_know]

trump is trump

always want to present the amdk alpha male

the prc vp looks so tense like kena called up into principal office for questioning ...

Edited February 24, 2019 by Wt_know

[Ody_2004]

trump is trump

always want to present the amdk alpha male

the prc vp looks so tense like kena called up into principal office for questioning ...

 

whahahahahhahaha.. maybe in his mind he thinking "wo bu zhi dao da shuo shen meh"

[Wt_know]

ah trump kor IQ sibei high leh

to beat 5G ... AMDK must release 6G pronto ... haha

cant even walk now and want to run

so naive? although the thoughts are correct ... haha

Edited February 24, 2019 by Wt_know

[Kusje]

Uh.

 

Graph just shows that BOC has this problem...

[Beregond]

Other then the trade war crash with US.

They gonna crash over the iran oil issue also i believe.

 

US dun want anybody to buy iran oil. While china plan to buy even more.

Dun know how it will play out

[Victor68]

China’s major commercial banks have a funding issue outside Beijing’s control: They’re running low on the U.S. dollars they need for activities both at home and abroad.

 

The combined dollar liabilities at the big four commercial banks exceeded their dollar assets at the end of 2018, their annual results show—a sharp reversal from just a few years ago. Back in 2013, the four together had around $125 billion more dollar assets than liabilities, but now they owe more dollars to creditors and customers than are owed to them

 

https://www.wsj.com/articles/chinas-banks-are-running-out-of-dollars-11556012442

 

If you want to talk about debts, then the world biggest and most debts ? 

[Victor68]

This got nothing to do with debts. 

The truth is, the respective governments are behind their banks. So who pump in money and from where they get their money is the question. If government got no money and in debt, can still save their banks, how? This world is just all about ganging up and supporting each other to bully some.

[Voodooman]

This got nothing to do with debts. It's no secret that CN has been restricting $$ (particularly foreign currency) going out, and urgently needing foreign currency. OBOR projects all use CNY (that never leaves CN), hire CN companies, CN contractors, CN workers, so no $$ goes out, only foreign $$ comes in.

Interesting. I thought China is still a net exporter, so where are all the USD?

[Volvobrick]

The CN gahmen can pump RMB, how to pump USD ? No USD how to buy oil ? Want to start a war ?

No need to worry. NK manufactures good quality USD. China can get from NK. Edited May 2, 2019 by Volvobrick

[Hoseyboh]

No wonder Duckie so tu lan and tweeted. Ah Tiong for the win....

[Beregond]

No wonder Duckie so tu lan and tweeted. Ah Tiong for the win....

[mersaylee]

exciting days ahead.

 

U.S. President Donald Trump responded in a tweet on Sunday vowing to raise tariffs on $200 billion worth of Chinese goods from 10 to 25 percent on Friday

 

i was finding it weird , how come the talk until now so smooth .

He was told before China announced trade deficits widen lor... thought he would had an upper hand...now blaming China for backtracking instead.

 

I’m more inclined to think it’s because he’s facing immense pressure domestically...impeachment is a buzzword in Washington these days and getting louder...

 

Nonetheless, I find a deal is still possible this Friday. Otherwise, Liu He won’t bother to travel...

 

Update.

 

DT just said :”...don’t worry about it. It will all work out”

 

Huat ah!!

Edited May 9, 2019 by mersaylee

[Megatop]

This got nothing to do with debts. It's no secret that CN has been restricting $$ (particularly foreign currency) going out, and urgently needing foreign currency. OBOR projects all use CNY (that never leaves CN), hire CN companies, CN contractors, CN workers, so no $$ goes out, only foreign $$ comes in.

 

Actually, China is restricting local currency outflow to stem the weakening of the yuan. Defending the yuan at US$7 is not an issue for the world's largest foreign currency reserve.

 

In fact, they are generating huge amount of USD due to their trade surplus with the USA. Hence, the world's biggest holding of US Treasuries.

 

If the banks' foreign currency liabilities exceed their assets, they may have a problem servicing their USD denominated liabilities due to a weakening currency. I think it would be fair to say that the PBOC would not allow the big four chinese banks to collapse. So they will defend the yuan at all cost.

[Beregond]

https://www.businessinsider.sg/trump-china-trade-war-us-raises-tariffs-200-billion-worth-of-goods-25-percent-2019-5/

 

IT’S OFFICIAL: Trump ramps up tariffs on China, escalating the high-stakes trade war

President Donald Trump more than doubled the tariff rate on more than a third of Chinese imports early Friday morning.

Beginning at 12:01 a.m. ET, a total of about $250 billion worth of shipments from China will face an import tax of 25%.

The escalation has cast doubt on trade negotiations and is expected to lead to higher prices for American businesses and consumers.