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Local Chinese Banks Failing

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Jul 10, 2022.

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  1. Jul 12, 2022 #21
    uftaipan

    uftaipan GC Hall of Fame

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    I agree there is no will, just a need. This is one of those moments, though, where some time from now, after China makes its move against Taiwan, everyone and their brother suddenly becomes the sole voice of reason, demanding to know why the country didn’t take steps when China’s intentions were so obvious.

    I also agree that peaceful coexistence and economic cooperation are most beneficial for both of countries. I just don’t believe in my heart that is the course China is going to choose.
     
    Last edited: Jul 12, 2022
  2. Jul 12, 2022 #22
    DesertGator

    DesertGator VIP Member

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    That "de-coupling" is already well underway under both of the two previous administrations (see, bipartisan agreements are actually possible).

    Can the United States Really Decouple From China?

    China Can’t Afford to Decouple from the West
     
    • Optimistic Optimistic x 1
  3. Jul 12, 2022 #23
    Trickster

    Trickster VIP Member

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    Isn’t that what every country wants, fundamentally?
    But I sure hope the people rise up against the iron fistedness of the regime. Freedom is overrated, but not that overrated.
     
  4. Jul 12, 2022 #24
    dingyibvs

    dingyibvs Premium Member

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    On what legal basis? I don't think he broke any American laws, and there is no extradition treaty between the US and China. We harbor a lot of corrupt Chinese officials and businessmen, who often bring a good chunk of money here.
     
  5. Jul 12, 2022 #25
    dingyibvs

    dingyibvs Premium Member

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    I think that's very much the course China is going to choose, but with us and not with Taiwan. It's going to be up to us to decide whether Taiwan is worth derailing the relationship from that course since it takes two to tango and China IMO has already chosen.
     
  6. Jul 12, 2022 #26
    G8trGr8t

    G8trGr8t Premium Member

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    It would be easy for the EU to say the same thing about Russia right now. Better to draw the line before you have to draw it. Anything necessary for daily life or continued economic activity should have a base here in the US or similarly aligned countries so that there is a baseline of production that could be expanded if necessary.

    The option is for China to be able to invade Taiwan and militarily enforce their red dashed line across the S China Sea and our economic interests prevent us from imposing sanctions? Do you think they would stop there if they knew we were crippled by trying to punish bad international behaivor?
     
  7. Jul 12, 2022 #27
    G8trGr8t

    G8trGr8t Premium Member

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    It isn't just Taiwan. The S China Sea is at risk too.
     
  8. Jul 12, 2022 #28
    G8trGr8t

    G8trGr8t Premium Member

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    no, some want freedom
     
  9. Jul 25, 2022 #29
    G8trGr8t

    G8trGr8t Premium Member

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    China investigates top official responsible for overseeing banks that imposed a corralito

    The Commission has not explained the specific reasons for investigating Li, 60, nor does it mention the scandal of the four banks. According to the news portal Thepaper.cn, Li was responsible for supervising market access for these four banks between 2012 and 2014 and later rose to become deputy director of the Commission's Henan office.

    Authorities estimate that some 40 billion yuan (about 6 billion euros) in deposits have disappeared, prompting the mobilization of the affected population with recurring demonstrations in the city of Zhengzhou, capital of Henan
     
    • Informative Informative x 1
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