IMF: your housing market is collapsing

China: yeah we know

IMF: so how about you bail out those poor housing investors

China: …no thanks

IMF: surprised Pikachu

Global positive test rate is 0.67%. 25% of those are “legal” (~250). Of the illegal ones, 25 Chinese, 57 Americans, 135 Russians.

The Beijing lab reported 25 AAFs, for a 0.23% positive test rate over 10326 tests. The LA and SLC labs together reported 153 AAFs, for a 1.54% positive test rate over 9904 tests. So… Eh? Isn’t this the opposite result being claimed? The US is able to run interference for a good proportion of their AAFs by claiming “medical reasons” and other bullshit.

Hey how about you take your homophobia somewhere else?

Chen picked up Chang in a bridal carry for a photo after they receiving their gold medals, which led many netizens to joke that Chang and Chen are in a romantic relationship, posting online fan-made edits of their interactions in slow-motion paired with romantic captions

“If love has miracles, I would be the happiest creating them with you,” wrote one Xiaohongshu user who posted a series of moments between the pair moments during the competition.

“The most romantic thing is to have your names engraved together in sporting history,” commented another user.

US sanctions going well

Odd how this happens just as America’s foreign policy talking heads had to turn onwards to deal with Biden’s collapse…

Almost as if the US is the main impediment to peace in the region.

Can you spell racism for me?

The CHIPS Act was signed in 2022.

In 2022, what were the top bleeding-edge node semiconductor fabs? TSMC (Taiwan), Samsung (South Korea), and Intel (USA). Do you see China on that list?

In 2022, what was the only company with a functioning 28nm DUV lithography machine? ASML (Netherlands).

US sanctions – and US sanctions alone – pushed Chinese investment into semiconductors. If you actually worked in the industry, you’d know that the Chinese government has tried for more than a decade to get Chinese companies to use Chinese semiconductor tech… To no avail. The US stabbed itself in the foot, pushed Chinese private capital into Chinese semiconductor firms (instead of foreign ones), and the rest is history. This is basic capitalist theory.

I guess you can also ignore the $15 billion bailout for airlines?

But sure, let’s talk about the great backlash to the GM bailout… ignoring the Chrysler bailout. Ignoring the bailouts of JP Morgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs… All essential for national security, or so I’m told.

Let’s now talk about companies in China’s EV race… WM Motor, which used to outsell Tesla, is gone. Byton, gone. Aiway, gone. Levdeo, gone. Mitsubishi, gone. Honda, Hyundai, and Ford? All desperate to cut out their JVs.

Western countries support individual companies constantly.

Intel received $8.5 billion in funding under the CHIPS Act

The General Motors bailout forced the US government to write off a $11.2 billion loss

Shell, ExxonMobil, and others have received countless billions in O&G subsidies

Government sales make up $49.2 billion, or 74.6% of Lockheed Martin’s total sales

The entire principle of US industrial policy is that the government does nothing and everything should be outsourced to a private contractor. Inherently that must mean supporting some private companies more than others.

Your argument makes literally no sense when considering that Chinese companies consistently and notoriously sell their products in China for a fraction of the cost of the export models. BYD’s Atto 3 sells for $20k in China and more than $40k in the EU, for example. Those export prices aren’t subsidized. In fact, their margins are absolutely absurd.

The fact is that China has figured out industrial manufacturing and can build the same class of product for half the price… Or less. Of course, there’s no reason to pass those savings onto consumers without competition, and export markets are simply less competitive than China.

Economics says that Chinese companies are just more efficient as a whole - through sheer competitive advantage, China can produce more per work-hour than everyone else. In fact, this has been a huge problem for China’s labour demographics as there’s just simply no more manufacturing jobs - an auto factory that would’ve employed thousands just a decade ago might employ barely a few hundred today. Instead of outsourcing to other countries, most of those jobs have been literally outsourced to robots

The story not being told is that Chinese factories are absurdly automated compared to the rest of Asia - their competitors are South Korean and Japanese factories, but they’re entering markets that are still heavily labour-centric. China is spearheading this new evolution of industrial manufacturing and everyone else is forced to either adapt or die.

4.7% YoY Q2

5.3% YoY Q1

0.7% QoQ Q2

1.5% QoQ Q1

Retail sales were the contributor (2.0% YoY growth, vs. 3.3% expected)

Retail growth is being sandbagged by a few key factors:

1. Luxury goods demand being beaten to the absolute ground. Eviscerated.

2. Foreign brands have tanked in China - Apple, foreign cars, etc. and have been replaced by (cheaper) domestic alternatives like Huawei, BYD, etc.

3. New trade restrictions with the US and Europe have limited Chinese consumption patterns. For example, the RTX 4090 is blocked from being exported to China.

Alibaba has already gone crazy with it lmao it’s so funny

That’s a real lemmy.world take lol

Justifying war crimes - the American way

US journalism is unreliable? Say it isn’t so…

The entire principle of US journalism is to fill the zone with shit and have everyone sift through the shit to find their own independent nugget of truth.

Definitely no signs of foreign interference, which the US would never do in South America.

If anyone wanted more evidence of how IMF loans are not in the best interests of the countries that take them, see here.

Something something this is a sign of a healthy economy and it’s actually China that’s going to collapse

You do realize that renewables still have an emissions footprint from manufacturing, transportation, deployment, transmission, and recycling/retirement… Right? That they’re limited lifespan disposable goods? So are batteries.

Moreover, each new solar panel has an opportunity cost in that it could be used to supplant fossil fuels in an area of the world that would actually benefit from it, rather than helping a facility THAT ALREADY HAS A TEMPERATURE CONTROL SYSTEM cool things down further because Americans are too spoiled with their extreme electricity consumption patterns to do anything else.

And yet your neighbours evidently disagree, given the extent from which the Donbas and Luhansk militias successfully recruited from the population.

An anecdote does not disprove statistics.