How Temu squeezes traders with fees and fines (in German). www.faz.net/aktuell/wirt...archive.is/qhNH0
Frau Zhang verkauft auf der Online-Plattform Temu Kleidung. Erst lief das Geschäft gut. Doch jetzt ist sie hoch verschuldet. Sie glaubt: Das hat System.
The PBC is now de-risking the stock market to prop-up asset prices. This comes only a few weeks after its attempt to guide down bond prices for fear of financial instability, while previously, the PBC's own lending have created the conditions for banks to pile into bonds in the first place. (1/x)
Investors welcome ‘unprecedented’ central bank loans to try to boost markets but analysts say fiscal stimulus is needed
I’m surprised that people are surprised about this. It’s not like the respective institutions kn China are hiding this fact. The party secretaries can usually be found on the universities’ websites.
All British universities in China ‘have a communist party branch’ – The Times: ‘Additionally, Chinese policy documents state that the branches should play “a core governance role” at a JEI.’
CCP branch secretaries often also hold senior roles in running the universities, a study found
I find it surprising that Chinese manufacturers of e-scooters haven't tackled the European market yet, given how well-developed the Chinese market and products are. on.ft.com/3B71DXP
Chief Niranjan Gupta says launch into developed markets planned for mid-2025
The EU is contractually restrained to operate with “market conforming” instruments. Its response to the problem of unequal international CO2 prices is the Carbon Border Adjustment Mechanism, a tariff. Its costs will primarily be borne by EU households.
"[T]he energy transition is, at present, to a large degree, a Chinese project. There is progress being made around the world, but the gap between China and everybody else is much larger and more intimidating than is widely acknowledged..." www.nytimes.com/2024/09/16/o...archive.is/sxkGZ
Much of the good news about green energy is coming out of one country.
A very good article. However, instead of engaging in a trade war, Europe should answer by cranking up public investment and industrial policy. archive.is/s75KW
Curious as to how this will play out. If gov's sell weak assets into falling markets, this will compound write-offs. If they sell performing assets, future income is forfeit. In either case, local finances will continue to tighten. Implications for China's growth model loom large.
Bishan District in Chongqing sets up task force to monetize assets as debt pressures mount
Some of you may know this anecdote from the Bad Place, over ten years ago I asked one of my national security sources for my writing for an unexpected prediction. I was expecting EMP, etc. He said “If you own anything in Phoenix, sell. It’ll be unlivable in a decade.”
The relentless and record heat is testing the will of Phoenix residents.