When I started the thread, Evergrande was @ 80c, now one month later @ 48c. Hopefully Blackrock are buying.
Well looks like the West is caving in. https://www.aljazeera.com/news/2021/2/10/pentagon-to-review-us-position-on-china-says-biden As far as I know, when you want to have the upper hand in negotiating, you do not reach out to the other person first and offering to "help" the other person out. You are supposed to wait for the other person to come to you for you to control the agenda and lay out the terms. "Biden has also indicated that he is willing to work with China on shared global challenges, however." China doesn't give a s*** about "global challenges". All it wants to achieve is world domination with its "1 belt 1 road" project. It's running a bit low on money right now and all the state enterprises failing and wanting bailout doesn't really help. This is why it's wringing all of the businessmen for money right now with its "common prosperity" rhetoric. Once it dominates the world, there will be no more "global challenges" for China as far as it's concerned. And really you are talking about two countries and two cultures with totally different philosophies, values, views about everything, there is no "shared" global challenges. If there are global challenges that are "shared" by the two countries, why isn't China reaching out to the US but the US calling on China? The fact that China never did means 1) China does not "share" any global challenges with US. That's very clear. US and the entire western world just lost a $6.45 trillion war against the Taliban and China is now best friends with the Taliban by going to them at a time of their need when the world is not wanting to have anything to do with them. and 2) China does not need the US to solve any "global challenges". It's now big enough to be its own world with its own military, media influence and bunch of crony countries that it's fed all those years to support it. China now doesn't give a s*** about the US and the West and the West just called its own bluff about its own strength with this call at a such critical time. Stupid and useless Biden!!
China Lobbies Australia For Help to Join Trade Pact Despite Spat By Jason Scott 10 September 2021 https://www.bloomberg.com/news/arti...alia-for-help-to-join-trade-pact-despite-spat China is lobbying the Australian government for its support to join a multilateral regional trade pact -- despite the two nations being in a worsening geopolitical dispute that’s spilled over into economic reprisals. “China’s accession to the CPTPP would yield large economic benefits,” Beijing’s embassy in Canberra wrote in a submission to an Australian parliamentary inquiry into broadening the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. “China is committed to building a community with a shared future for mankind, and stands ready to work together with all the other parties to promote globalization and regional economic integration.”.......
When you do business with China, you know who will come out on top, and it's not who most stupid gullible naive Western business people think it is.
This was why I think..... China lashes out after US warship sails past Mischief Reef in South China Sea China claims nearly the entire South China Sea including the Spratly Islands but several of its neighbours including The Philippines, Vietnam, Malaysia, and Brunei have competing claims over the islands and reefs. By Sutirtho Patranobis I Edited by Amit Chanda SEP 08, 2021 China on Wednesday deployed fighter jets and lashed out at the US, calling it the “biggest destroyer of peace” after a frontline American warship sailed past a reef close to the disputed Spratly Islands in the South China Sea (SCS), one of the world’s busiest maritime trade lanes. The US navy’s destroyer USS Benfold sailed past the Mischief Reef, located close to Spratly Islands, known as Nansha in China, on Wednesday, saying it was part of FONOP (Freedom of Navigation Operation). https://www.japantimes.co.jp/news/2021/09/08/asia-pacific/china-fonop-mischief-reef/
So China has no claims on those South China Sea islands. Just because you've been around the neighbourhood longer doesn't mean that every square inch of the land around your neighbours is all yours. Right off the bat, that name is misleading. That sea shouldn't be called "South China" if they don't belong to China at all. They should be just called South Pacific Ocean. So right now since nobody has any claims to them, then they are just public waters. The USA has done nothing wrong in passing there. It's not like the USA is building military bases there, establishing colonies there or anything. It's just passing by there just like a car passing by your house while driving on a public street. Still don't get why Biden needs to reach out to China? He wants to imply that USA's action of passing by there is wrong and he's displaying a gesture of apology or appeasement? LOL Still don't get it.
Well that's China's strategy, to create an alliance with all the countries close by. Instead of spending trillions and trillions of dollars on aircraft carriers and submarines and personnel to roam all around the world, why not form a pocket of alliance with all the countries around you? Not a bad strategy. And at the same time China is hedging against the Taliban with Australia. Two birds, one stone. Why not? So Australia has some hard decisions to make. Does it want to go to bed with somebody that it has nothing in common with but is constantly there and can provide it with everything it needs financially or does it want to stay loyal to someone afar and doesn't quite provide it with everything it needs but sees eye to eye on everything?
Attempting to communicate US's position again which is US does not recognize China's claims. China is becoming a bit hysterical and Biden is attempting to calm the situation before China has a dummy spit, which seems to happen too frequently lately.