Couldnt agree more !!Like the tide is turning against corruption in DRC, the tide is turning internationally against China (which is also in the thick of DRC corruption).
Filipino naval bases, Quad, AUKUS and other international alliances.
The balloons are just one more thing that proves the Chinese can't be trusted, but I think they're too arrogant to realise.
Even hearing stories of Gold Coast business owners refusing to buy Chinese equipment and supplies because the quality is extremely poor. Been going on a couple of years.
Falling population, the working class wanting better conditions and citizens recently defying the CCP over Covid-19 and winning by ending restrictions.
IP at risk in China and countries with cheaper labour will result in less manufacturing there.
Companies talking of moving HQ away from HK and mainland China to Singapore-some already dual listing.
After Putin starting the Ukraine shit, the West has realised that we need to stand up and be counted.
Zingy Pingy is gonna find things a little more difficult as a lifetime dictator.
China is a international bully and needs to be countered, which is finally starting to happen.
Actually, if you delve into the China scenario overall, its potentially a basket case waiting to happen, which could have major consequences for world markets and so much more.
Chinas economy is in decline, some commentators are suggesting, fatally.
350% debt to GDP and counting.
China relies on property development as their main source of income outside of exports.........thats in decline.
Now i have said this before and its slowly happening, but the rest of the world needs to shy away from the dependence of Chinas cheap exports and create their own product chains, be prepared to pay a bit more, now if that happens , then Chinas exports will massively decline, which will impinge their ability to not only service their massive debt, but also impinge their ability to engage in costly wars..........aka TAIWAN
The CHYNA virus isnt helping Chinas financial cause either........
What happens when poor countries reneg on their BELT & ROAD programmes debt to China, estimated to be nearly $400 billion ?
Another financial hole.
How will China react / demand to those countries that cant service their debt ?
Infrastructure take over, mining project / tenement take over plus, plus plus.
Check out the number of countries that have IMF assistance .......
I notice that DRC is on that list..........
( FT, wise the fuck up, you shouldnt be on that list, you should be as rich as WA !! )
As we all know, the war in Ukraine is slowly but surely making Russia a pariah state, how will the world respond to China knowing full well they support Russia and is a strategic partner ?
Could China be the next pariah state ?
Food for thought.
imo