Category Archives: China

Lies, Damn Lies, and Statistics

Maybe Chinese exporters are overstating their exports, in general and to the United States. Overstating exports is a classic way of getting capital into a country with capital controls. Or, maybe US tariffs have created a strong incentive for firms importing into the United States to go to some lengths to understate their imports from China. Thus, U.S.Continue reading “Lies, Damn Lies, and Statistics”

Hostile Power – the source of US fentanyl addictions adds narco-terrorist money laundering to their portfolio

“Routing cartel drug profits from the United States to China then on to Mexico with a few clicks of a burner phone and Chinese banking apps – and without the bulky cash ever crossing borders. The launderers pay small Chinese-owned businesses in the United States and Mexico to help them move the funds. Most contact withContinue reading “Hostile Power – the source of US fentanyl addictions adds narco-terrorist money laundering to their portfolio”

SEC Pursues Plan Requiring Chinese Firms to Use Auditors Overseen by U.S.

Our markets, our rules. “WASHINGTON—Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators, according to people familiar with the matter. “The proposal, which is likely to be issued for public comment in December, wouldContinue reading “SEC Pursues Plan Requiring Chinese Firms to Use Auditors Overseen by U.S.”

Red Ponzi Defaults

Like Red Ponzi issues? Like cliff diving? Catching falling knives? As WSJ reported in their story, it’s been a lot of “unwelcome surprises” for those who believe Red Ponzi financial statements (too funny – there are such people). Sort of like those who believe there is no voter fraud. Yongcheng Coal & Electricity Holding GroupContinue reading “Red Ponzi Defaults”

Chinese Corn Prices Accelerate

“China imported 1.1 million tons of corn in September, a jump of 675% from a year earlier, according to official customs data. That was the highest level since 2016. Between January and September, inbound shipments climbed 73% to 6.67 million tons, the highest since at least 2005, data showed.” https://www.bloombergquint.com/china/china-s-2020-corn-imports-are-already-the-highest-in-15-years#:~:text=China%20imported%201.1%20million%20tons,at%20least%202005%2C%20data%20showed.

Red Ponzi Saber-rattling

“Every rocket force brigade in Fujian and Guangdong is now fully equipped.” Chang asserts that this is evidence of the communist regime’s invasion plans: “The size of some of the missile bases in the Eastern and Southern theatre commands have even doubled in recent years, showing the PLA is stepping up preparations for a warContinue reading “Red Ponzi Saber-rattling”

Systemic Risk in the Red Ponzi

According to Reuters, Beijing now wants a full accounting of everything going on at local developers. “The government is monitoring everything now, unless you want to cheat, but they will be able to tell from your monthly figures,” said a senior executive at one of the developers in the pilot scheme. Following concerns of too much developerContinue reading “Systemic Risk in the Red Ponzi”