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China sees Trump as a weak president: Michael Pillsbury


bostonangler
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14 hours ago, 64jaguar said:

Yeah Right.... another 300 billion in Tariff's weak..

 

 

Yup, like the guy said.... China can hold out... Americans are about to pay a lot more for their Xmas gifts.... So far Trump's tariffs have been a boom for corporations moving to Vietnam, India and other places outside the U.S. They haven't been so good for our farmers and now, consumers are going to get bent over.

 

B/A

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Rubbish, Dem operative hack article to frighten people.  The Chinese do not think Trump is weak.  He is the only President in the last 40 years to stand up to the Chinese ripping off America.  The Chinese are like little  kids who are protesting to their mother that they weren’t the ones who ate all the cookies, when they have cookie crumbs all over their shirt and mouth.  Haha. Trump is kicking their azz and maybe if some of you Dems would stop Resisting every damn thing he does and support him, we would win this trade war.  You traitorous people would rather see China continue to rip of the USA than back your own President. You are worried about Christmas presents!!!!!  Really!!!!  How shallow are you pathetic group of Democrats.  

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Chinese companies are facing a debt default crisis

Chinese companies are facing a debt default crisis

 04 Aug 2019 05:08 PM
Edit : Noha copper

Direct : China's bond market has become alarmingly quiet recently, amid signs of a wave of corporate failure to repay its debt .

Over the past year, Chinese investors are accustomed bonds denominated in dollars on the idea of default, according to the analysis published by " Bloomberg Opinion ."

In 2015 , the government began to allow some SOEs to backtrack on their obligations, a painful but welcome step with the fact that they help distinguish between strong and weak companies .

But there has been no case of faltering since the company announced " Cheena Maenchenj Investment " left by default in April / April last, came up last month , the company based in the Shanghai - based and announced that it would not be able to repay bonds worth 500 million dollars due on 2 August / August next .

Some might argue that this is an individual case, as the startling rise of the 5- year-old company relied on the wrong fascination with political support, so it makes sense that its decline is equally striking .

But it is more likely that the Chinese company is the tip of the glacier, and that the coming period may see more defaults .

This comes with a tightening of monetary liquidity again, and based on what Beijing considered progress in trade talks with the United States, officials have begun to return again to the Chinese President campaign in April / April to reduce excessive borrowing from the financial system .

It is clear from the tone of the Communist Party's political committee at its last quarterly meeting, where key phrases such as loan curbs are emerging, as well as the Chinese president's plea that homes are a place of residence, not speculation .

This is a turning point for the meeting of October / October , when officials delete all references to corporate debt or real estate restrictions with escalating trade war at the time .

 

Scary rise

image.png.59663e13063c1dcae7b0e69ec8d21773.png

The company postponed " Cheena Eva Grand " - the largest institution is heading for the issuance of foreign bonds - dividend this month in order to maintain its cash .

The issuance of dollar bonds has become an important means for real estate developers, accounting for about 25 percent of non-bank financing last year .

Funding has also become more stringent also to other developers who have credit ratings of non - investment ( junk ) , and this month , the company issued a " Tohao Group " with a maturity bonds 3- year return of 15 percent, doubling that interest provided by in January payments / December 2018.

To make matters worse, borrowers from low-quality credit companies in overseas markets found that few investors wanted to lend to them in the long term, which caused an increase in short-term bond issuance .

Last year, 78 percent of new bond issues had a maturity of one to three years, while in 2017 it was less than 50 percent .

This development would make defaulting fears more common, as paying interest payments remains much easier than repaying principal or refinancing debt .

 

 

image.png.28066f351da28d07cea33b91d43a886b.png

In within six months only, it exceeded bonds in dollar , which issued by the developers of real estate in China 's total public last

With trade talks now stalled and the Fed cutting interest rates this month, there are hopes that the People's Bank of China will also begin to ease its monetary policy .

But domestic bond investors are unconvinced of the possibility of easing monetary policy, even as top bureaucrats meet to discuss China's economic priorities .

And it widened the gap between the yield on China 's sovereign bonds for 10 years compared with their US counterparts to 110 basis points from 26 basis in November / October the second the past .

The sentence of default on the repayment of the debt itself is not very scary, as the assessment of the credit risk is a function of investor bond, but really frightening in China thing is the possibility that there is very little that can be recovered, Vkopon worth 15 percent is not something attractive to the investor if not Able to recover the original amount .

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Good article Yota.  China does fear Trump and what he is doing to their economy.  They haven’t followed the WTO rules or any rules when it comes to Trade issues.  It’s not different than Iran. Play by the rules or suffer the consequences.  

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7 minutes ago, Pitcher said:

You are wrong.  

 

You obviously have not asked anyone to put down their device for a day... Most cannot do it. The Chinese are going to sit back and wait. They understand our people are going to feel the pain of this economic war and they are not going to like it... Just wait until you hear the crying about prices and the holidays... Up until now the tariffs have not directly hit people's pocketbooks. That's about to change if new taxes go into effect on September 1. It could be a bluff, we will see.

 

B/A

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22 hours ago, Pitcher said:

You are worried about Christmas presents!!!!!

 

Nope I'm worried about our economy, housing and jobs... You see we have a consumption economy. What happens when prices go up? People consume less. What happens when people consume less? Companies lay-off. What happens when companies lay-off? People consume less. What happens when people consume less? Restaurants, retailers, and other business close? It is pretty basic. A consumption economy is driven by spending. Right now Americans hold more debt than they did before the 2008 crash. Do you think rising prices are going to help Americans? Do you think Americans can go out and keep adding to their debt? I just don't see it.

 

B/A 

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Real Earnings Summary

Transmission of material in this release is embargoed until	                     USDL-19-1251
8:30 a.m. (EDT), Thursday, July 11, 2019

Technical Information:	(202) 691-6555  *  cesinfo@bls.gov       *  www.bls.gov/ces
Media Contact:	        (202) 691-5902  *  PressOffice@bls.gov

REAL EARNINGS * JUNE 2019

All employees

Real average hourly earnings for all employees increased 0.2 percent from May to June, seasonally 
adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2-percent 
increase in average hourly earnings combined with a 0.1-percent increase in the Consumer Price Index 
for All Urban Consumers (CPI-U).

Real average weekly earnings increased 0.2 percent over the month due to the 0.2-percent increase in 
real average hourly earnings combined with no change in the average workweek.  

Real average hourly earnings increased 1.5 percent, seasonally adjusted, from June 2018 to June 2019. 
The change in real average hourly earnings combined with a 0.3-percent decrease in the average 
workweek resulted in a 1.2-percent increase in real average weekly earnings over this period.

Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees increased 0.2 percent from 
May to June, seasonally adjusted. This result stems from a 0.2-percent increase in average hourly 
earnings combined with no change in the Consumer Price Index for Urban Wage Earners and Clerical 
Workers (CPI-W).

Real average weekly earnings increased 0.2 percent over the month due to the 0.2-percent increase in 
real average hourly earnings combined with no change in average weekly hours. 

From June 2018 to June 2019, real average hourly earnings increased 1.9 percent, seasonally adjusted. 
Combining the change in real average hourly earnings with a 0.6-percent decrease in the average 
workweek resulted in a 1.3-percent increase in real average weekly earnings over this period.
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Trump accuses China of ‘currency manipulation’ as yuan drops to lowest level in more than a decade

 
 
 
 
 
KEY POINTS
  • “China dropped the price of their currency to an almost a historic low. It’s called ‘currency manipulation,’ Trump says in a tweet.
  • Trump also takes aim at the Federal Reserve regarding China’s currency slide.
  • China — which has historically controlled its currency — allowed the yuan to fall to its lowest level in more than a decade. The People’s Bank of China denied devaluing the yuan as a counter to U.S. tariffs.
  • Trump’s tweet comes four days after he announced a 10% tariff on an additional $300 billion in Chinese imports.

 

 

 

https://www.cnbc.com/2019/08/05/trump-accuses-china-of-currency-manipulation-as-yuan-drops-to-new-low.html

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