World News - China
The global leaders are coming closer to take China
The world has moved from the fear of pandemic, and the global leaders are coming closer to take China as soon as possible. This attempt seems to have been triggered by the gossip in the world that China has deliberately released Covid-19 virus from its Wuhan lab to contain the world nations from competing and even nailing China in its scientific and trade progress.
The world community is coming together to fight China, a lone developed nation that has shown the world anything possible in the world if you have will and determination. The Tian men Square Eve was a dark patch on China's history, but from there the Chinese leadership has focused on the welfare of the people using capitalism and its essence while upholding the political ideology of Mao. World community has to learn from China how can the humanity be taken from abject poverty to surplus and welfare society. If there is hunger and illness where politics and its role in human life?
The growth of China was tremendous, and it has become the manufacturing hub of the world while the EU and American labs were struggling to innovate and introduce new products in front of the global consumers. The only example that showed some sign of progress was Apple I-pad, I-pod and iPhone. But these products were again manufactured in China. The reason behind the out sourcing is cheap labor and more margin if anyone manufactures in China.
In the meantime, the American soldiers were wasting their time and the tax-payer's money fighting the wars of someone for nothing. America lost money and men in the wars and gained nothing other than the title of world police. The image of America was tarnished post the World Tower mishap and consequent adventure of America in Iraq. Today Iraq is not a democratic country but a mess, and the lives of Iraqis are nothing better than hell.
All this has gained nothing for America, while China was investing their time and money in the lab for innovation to get out of the bad name of a copycat. The Chinese academies earned accolades and China won the Nobel prize too. The image of China as a global leader in military and economics has become an unquestionable fact. That is the time Trump started mulling China in its currency manipulation and trade deficit, many Chinese firms have been black listed, and the G5 episode has landed a top Chinese executive and CEO in the American jail.
China looked furious, and it is believed that China has suffocated by the world community. Because of this China has leaked the Covid-19 virus that has harassed the world community while China engaged itself and became busy in rebuilding its economy. Now, the world community is trying to take China instead of taking China in the group for the overall growth of humanity. This divisionism, either on North Korea, the Soviet Union, or now on China, adds more crisis to humanity.
The fact is humanity ends up seeking humanitarian aid, living in refugee camps.
Finally, the nutshell, 90% of all problems now humanity faces are due to human failures and groupism, and the humanitarian aid people are seeking only due to human failures and political groupism.
The Covid-19 vaccine is not reaching the needy, the food is not reaching the hunger-stricken stomach, education is not reaching the majority of the children, employment is not getting generated enough to employ the able youth except they get some jobs in terror camps and terror jobs in the form of out sourcing.
The women and children are suffering from anemia and epidemic, the vaccines are available only for the rich as they are priced to loot, most of the people can't imagine getting a dose. Over all, the medical companies made money, the hospital grabbed money for the next ten years of their operational cost.
Exploitation of corporates when humanity lands in crisis is the bitter reality, something the world community faces today, besides the tension between nations and the terror group of troubles they undergo every day.
To syndicate this News:
contact : ivoicetribune@gmail.com
Creditors saved Tsingshan Holding Group Co. from a liquidity squeeze.
Tsingshan Holding Group Co., based in Wenzhou, China. can finally breathe easier after JPMorgan Chase & Co. and China Construction Bank Corp. promised to help the company extend enough cash to compensate for a billion-dollar loss in a short position in nickel futures. There is an equal amount of collateral the company may have to pledge to get the credit approved.
A short position is when a company sells its securities (borrowed) when it is anticipated that the price will fall later and buys it for a lower price to adjust and earn from the early sale. However, the risk fact is that if the share price or the price of the security increases, then the loss will cause financial issues. Generally, the shares are borrowed to be sold short and later settled when the price goes down. Read more...
Why is China determined to invade Taiwan?
China feels the presence of Taiwan as an independent nation invites America into the South China Sea, and China knows that it can easily take over Taiwan like Tibet anytime it wants. However, now the world community is determined to force China to give up its ambition of unified China with Taiwan and Hong Kong. For the last one decade these two blocks have been an appendix in China's stomach, and the foreign forces and political interference in Taiwan and Hong Kong irritates China, and China is determined to finish the story once and for ever.
The Quad and AUKU are the outcome of the foreign countries' attempt to save other small countries to save from Chinese imperialism. This is another factor China sees as a stone in the eye. Though America can invade any country as and when it wishes, as they did in Iraq, why can't China unite its own territory for which it had a treaty to get these two lands released after the colonial era. Now, China is determined to settle the political and geographical problems for the last time.
Besides, the Corona pandemic has ruined China's reputation, and it became completely isolated from the world community. Counting all these events, China wants to show the world that it is still willing to face the world and try to find the way out. Sending PLA into the border of India, smoking out the leaders in Hong Kong and sending war planes to fly above the Taiwanese, all the signals the world has to see from a political point of view than treating it as a frustration of China.
Don't write off China because it has a big role to play in the world.
However, China still has potential to contribute in science and technology from the outcomes of its two-decade massive investment in universities for R& D. The humanity can gain so much from the advancement of Chinese medicines and technology, manufacturing innovation etc. Avoid seeing China as an enemy, but tame China with a co-operative mind set. It would reward the poor nations with pay cheques and some kind of help advancement of Humanity.
Buy Content from Us:
Contact: ivocietribune@gmail.com
Buy Books:
www.ivtbookstore.blogspot.com
China's self-imposed isolation is hurting the supply chain.
China's self-imposed isolation and the New Data Protection law have already confused the ship movements information gathering of the firms, which helps the trading system in the world to predict the supply chain and the cargo moments.
Yes, the scene is very clear now after the self-imposed isolation, war of words and the Taiwan and Hong Kong issues, something that already irritated the political leadership of the Chinese communist Party and its government headed by Xi - that they are censoring information going out of China.
According to the latest report, the world trading community is not getting the cargo and ship movement data, and they are afraid it would affect the supply chain.
The festival season is already at the gate and the rebounding economy after the long-time pandemic has created crowded ports and hectic shipping activities.
Chana, being the biggest consumer of the natural resources like iron ore and coal, is now moving away from depending on import to the policy of self-sufficiency. Make in China and consume in China is the new Chinese theory. The Chinese government already passed a data protection law which came into action from Nov-1, 2021. It prevents/bans any organizations from sharing data with anyone from the foreign soil without prior approval of the government agencies. This step really cut off the sharing of ship movement data and the planning for storing and ordering enough goods for the festivals and other demanding goods.
China being the biggest exporter, many nations and its market depend on the Chinese goods to meet their industrial and day-to-day requirements.
In case China chooses to restrict the export of rare goods which many industries required, then the manufacturing sectors of these nations can also be affected.
When China becomes self-dependent, producing and consuming, the exports from Europe to China will be paralyzed. America also exports to China many food items, including chicken.
The world community has to make a new policy to prevent goods shortage in the markets of the world in the coming days, either convincing and pleasing the Chinese leadership or finding out an alternative market from where they can get substitutes for all the goods coming from China and the new market where export the raw material which they used export to China, yes, they must get from a new market.
Being the biggest exporter and manufacturing hub of the world, China's isolation may cause a vacuum in the markets across the world due to shortage of goods.
To syndicate this news, contact:
ivoicetribune@gmail.com
Buy Books:
www.ivtbooksotre.blogspot.com
The British Prime Minister Johnson promises high-wage jobs and a highly skilled economy for the post-Brexit and post-pandemic Briton. He was addressing the conference of the Conservative party in the capital.
IBT News/ IVT Global News Agency
China Evergrande Group failed to get enough votes to go delisted.
Hong Kong-based China Evergrande Group's proposed delisting by buying the stocks from the minority shareholders failed to get support. The minority stakeholders own 10.8% of the stock, and it is owned by almost 78 stakeholders, out of that 64 of them voted against privatization by buying out the shares.
The family of billionaire Joseph Lau offered HK$4 per share against the adding rate at present HK$2.7, through Solar Bright, a British Virgin Islands company owned by Lau's wife proposed to buy the stakeholders' shares.
The company China Evergrande Group has more than $300 M in debt and on many occasions, it failed to honor the repayment of its bonds. This issue caused speculation of the company may be taken over by Beijing. The company has missed its $85.7 M coupon payment earlier which has fueled the concern among the investors. While reassuring the market giving hope the minority stakeholders allowed the company remains a publicly listed company for the time being.
The company owes more than $19 billion in international bonds and its management is thinking about how to restructure its international debt for a renewed repayment structure to remain in the market. The regulators may help the company by allowing the public sector companies to buy assets of evergreen. The state entities may bail out this company.
EverGrande, the second-largest real estate developer in China was founded in 1996 by Xu Jiayin, headquartered in Shenzhen, China. The company took advantage of the booming housing sector and developed many projects acquiring lands and building 1300 market rates and luxury apartments. Besides it is one of the largest employers in China, 200,000 people, directly and indirectly, are responsible for an estimated 3.8 million jobs annually. The company is very ambitious to expand into new verticals like MNCs into electric vehicles, football, and even bottled water too.
However, like a jolt, the three redlines brought by the government to curb the debt risks of the companies...wrecked the company on its difficult voyage in the housing sector while China and the global economy failed.
A) Lability to assiette the ratio was restricted to 70%.
B) Net debt to equity made 100%.
C) Cash to short-term borrowing ratio of at least one.
This gave pressure to the company to find cash for the development and repay the maturing debts on time by selling some of its assets. Besides, it also owes money to homeowners who pre-paid for close to 1.4 million residential properties that remain undeveloped.
In the meantime, the company approached the government to bail it out from the incoming crisis which was leaked to the media by some naughty internal players or government employees caused panic in the market and the repeated bouncing of the obligation of repayment debt added more fuels.
The only way for the government to save the debt-laden companies is to curb the housing prices but it may affect the homeowners who treat their real estate assets as an investment. China has got 62% debt as household debt, the largest.
Chinese Estates Holdings Ltd. majority shareholders of China Evergrande said it will sell all its shares.
To buy/syndicate this news, contact: ivoicetribune@gmail.com
Buy Books: www.ivtbookstore.blogspot.com
IBT News/ IVT Global News Agency
China Evergrande Group failed to get enough votes to go delisted.
Hong Kong-based China Evergrande Group's proposed delisting by buying the stocks from the minority shareholders failed to get support. The minority stakeholders own 10.8% of the stock, and it is owned by almost 78 stakeholders, out of that 64 of them voted against privatization by buying out the shares.
The family of billionaire Joseph Lau offered HK$4 per share against the adding rate at present HK$2.7, through Solar Bright, a British Virgin Islands company owned by Lau's wife proposed to buy the stakeholders' shares.
The company China Evergrande Group has more than $300 M in debt and on many occasions, it failed to honor the repayment of its bonds. This issue caused speculation of the company may be taken over by Beijing. The company has missed its $85.7 M coupon payment earlier which has fueled the concern among the investors. While reassuring the market giving hope the minority stakeholders allowed the company remains a publicly listed company for the time being.
The company owes more than $19 billion in international bonds and its management is thinking about how to restructure its international debt for a renewed repayment structure to remain in the market. The regulators may help the company by allowing the public sector companies to buy assets of evergreen. The state entities may bail out this company.
EverGrande, the second-largest real estate developer in China was founded in 1996 by Xu Jiayin, headquartered in Shenzhen, China. The company took advantage of the booming housing sector and developed many projects acquiring lands and building 1300 market rates and luxury apartments. Besides it is one of the largest employers in China, 200,000 people, directly and indirectly, are responsible for an estimated 3.8 million jobs annually. The company is very ambitious to expand into new verticals like MNCs into electric vehicles, football, and even bottled water too.
However, like a jolt, the three redlines brought by the government to curb the debt risks of the companies...wrecked the company on its difficult voyage in the housing sector while China and the global economy failed.
A) Lability to assiette the ratio was restricted to 70%.
B) Net debt to equity made 100%.
C) Cash to short-term borrowing ratio of at least one.
This gave pressure to the company to find cash for the development and repay the maturing debts on time by selling some of its assets. Besides, it also owes money to homeowners who pre-paid for close to 1.4 million residential properties that remain undeveloped.
In the meantime, the company approached the government to bail it out from the incoming crisis which was leaked to the media by some naughty internal players or government employees caused panic in the market and the repeated bouncing of the obligation of repayment debt added more fuels.
The only way for the government to save the debt-laden companies is to curb the housing prices but it may affect the homeowners who treat their real estate assets as an investment. China has got 62% debt as household debt, the largest.
Chinese Estates Holdings Ltd. majority shareholders of China Evergrande said it will sell all its shares.
To buy/syndicate this news, contact: ivoicetribune@gmail.com
Buy Books: www.ivtbookstore.blogspot.com
Creditors saved Tsingshan Holding Group Co. from a liquidity squeeze.
Tsingshan Holding Group Co., based in Wenzhou, China. can finally breathe easier after JPMorgan Chase & Co. and China Construction Bank Corp. promised to help the company extend enough cash to compensate for a billion-dollar loss in a short position in nickel futures. There is an equal amount of collateral the company may have to pledge to get the credit approved. Read more...