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Thread: is China dominating the global financial markets...?

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    Scotland Avalon Member scotslad's Avatar
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    Default is China dominating the global financial markets...?

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    Avalon Member Cognitive Dissident's Avatar
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    Default Re: is China dominating the global financial markets...?

    China has a much greater ability to manipulate it's own stock markets than other countries. They call just everyone into a big room and tell them to buy, buy, buy. Penalties for not doing so need not be mentioned. This usually works unless all the retail investors are selling at the same time.

    The China narrative is now "we have defeated the virus, now everyone back to work" and all the numbers, news, etc. coming out of China will be bent/created to support that.

    I think they are being incredibly aggressive by saying that the virus came from the US and arrived in Wuhan via the World Military Games in October/November 2019. That just invites further investigation of the obvious alternative, which is of course the only level-4 bio lab in China that just happens to be in Wuhan itself. They must have some unknown reason to push the US origin story while taking such a risk, whatever that is, my guess is that it wouldn't be a happy reason, let's put it that way.

    For those Avalon readers not familiar with China, while individual Chinese people are (based on my experience) helpful and friendly people who just want to get with their lives and be with their families, China as a whole is very different and extremely opaque - none of the official numbers about anything, whether GDP or virus cases, are correct and it's hard to say even whether the whole edifice is robust and heading towards increased power and control within or outside the country, or whether it is brittle and prone to shattering under tension (or perhaps some combination of the two). One thing for sure, like the rest of this world, China after this virus will not be the same as China beforehand.

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    Default Re: is China dominating the global financial markets...?

    well, China can not dominate (global) financial market because the finances of China was and it is "Forged by Global Marketers"

    the finances of world are controlled by London, and by this that England don't allow UE rule the finances of World by euro-politics.

    China's wealth is abundant in cheap labor, but that only has value if they can produce something that others want to buy.

    the only money that China has kept are anonymous accounts in tax havens that the corrupt ones divert from the government.

    Quote A portion of the business generated by China country is hidden under tax havens. Seventy-three percent of its international trade goes through offshore centers, according to Richard Murphy, director of Tax Research, a UK tax research institute.

    The investigation carried out by the International Consortium of Investigative Journalists (ICIJ) revealed that more than 22,000 citizens in China and Hong Kong have records in companies linked to tax havens. The British Virgin Islands became the second direct investor in China, according to official infos. Among them are some of China’s most powerful men and women — including at least 15 of China’s richest, members of the National People’s Congress and executives from state-owned companies entangled in corruption scandals.
    hint - search for "chinaleak" keyword to find reports like this:

    Leaked Records Reveal Offshore Holdings of China’s Elite

    -- edit --
    apologize, I forgot the name before (bad english) but the subject was also "documented" by netflix on the movie The China Hustle
    Last edited by RogeRio; 18th March 2020 at 23:40.

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    Avalon Member Gemma13's Avatar
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    Default Re: is China dominating the global financial markets...?

    Quote Posted by rgray222 (here)
    Big Tech Slept With Communist China And Brought Venereal Censorship Back To America

    Big Tech slept with communist China and brought venereal censorship back home to America. This is why it’s always dangerous to treat one-party authoritarian dictatorships as if they’re as harmless as Canada. If you don’t appreciate the intrinsic threat of governments that ban freedom, then they will spread their despotism faster than you can cure their disease.

    Since Bill Clinton invited China into the World Trade Organization while pretending that the Tiananmen Square massacre never happened, and replaced American manufacturing jobs with China’s slave labor force, the stated foreign policy “dream” was for American society’s freedom and openness to rub off on our old communist foe. Instead, the United States has empowered China’s military might by enriching China with America’s investment wealth, and all Americans received in return was a crappy “Made in China” T-shirt.

    Greedy Washington insiders let Wall Street sellout Main Streets across the country with the fairytale promise that we could buy a future-proof peace with China for the next century. China took Wall Street’s money, smiled while Washington whittled away America’s manufacturing expertise, and bought up America’s debt with U.S. citizens’ own money.

    American globalists committed to undermining our blue-collar labor force for beads and trinkets have ensured the rise of a Chinese superpower that now threatens the equilibrium of peace and security that this great intercontinental transfer of wealth to Asia was supposed to prevent. China’s President Xi Jinping recently told his military to “prepare for war.” Once again, Clinton Democrats and neoconservative Republicans pursued the exact policies necessary to usher in a dangerous decade with the potential for worldwide conflict on the horizon.

    So, what have Americans reaped in return for this debacle? Once proud and self-sufficient towns across America have been wrecked by an industrial exodus that has left a generation of local workers lost, despondent, and alone. Instead of America’s supposed cultural dominance celebrated and coinciding with an expansion of freedom and democracy abroad, the same discarded blue-collar workers get to see American openness recede behind heavy-handed lockdown mandates of Democrat officials, Big Media propaganda, and the torching of free speech at the hands of Silicon Valley’s pirate overlords.

    One of the biggest stories of the 2020 campaign is how Facebook and Twitter censored the New York Post’s bombshell story documenting Hunter Biden’s efforts to merchandize his father’s political office for financial gain in Ukraine and China. It paints the picture of a pay-to-play arrangement strenuously denied by Joe Biden for over a year, apparently covered up by an FBI unwilling to pursue investigatory leads dumped in its lap, and transformed into a Trump impeachment by the Schiff-Nadler-Pelosi smear party and their agents in the press.

    Let’s not pretend, however, that the Biden family’s solicitation of Ukraine and Chinese payoffs and the coordinated attacks on free speech by Big Media and Big Tech sprang up unexpectedly in the middle of the night. Washington opened up America’s economy 20 years ago to a corrupt communist regime, and we have been paying the price ever since.

    Our politicians didn’t sell the idea of freedom to China; China simply made corrupt American politicians more corrupt. In the process, American culture has been refashioned to treat China as a friend, while largely ignoring its suppression of free speech, persecution of Christians, and outright murder of political dissidents.

    LeBron James is too young to remember Tiananmen Square, too intentionally ignorant of China’s Holocaust-like sterilizations and genocide against its Uighur citizens, and too well paid by Chinese interests to recognize China’s human rights atrocities as some of the most heinous acts since the Second World War. LeBron can praise communist China while kneeling in protest of the American flag and the freedom it represents because he knows no better. And he knows no better partly because Washington, Wall Street, and our academic elite have pretended for 20 years that Chinese communism is somehow a gentler, more peaceful, free-market kind of communism that Americans can and should get behind.

    It is an awful irony that so many freedom fighters in Hong Kong and Taiwan live each day in the shadow of China’s brute authoritarianism, and American leftists attacking President Trump’s policies geared toward fighting back against the ever-growing threat of a rising China.

    The worst irony of all, however, is that after welcoming China into the global free trade club with all the international privileges once reserved for freedom-loving nations, Americans are increasingly having information actively censored and suppressed by unelected and unaccountable technology companies that have brought an ample dose of China’s authoritarianism back home to the United States.

    We’re now at a point where American tech firms with near-monopoly power and tremendous revenue streams from China can actively censor a breaking news story detailing a presidential candidate’s connection to influence-peddling — in China. There may be a “Manchurian candidate” this election cycle, but those same tech firms have decided that the story should never be told. Who needs to worry about a “Manchurian candidate” when it is clear we have entire “Manchurian industries” playing us for fools?

    Big Tech has been flirting with political censorship for quite some time, but its organized efforts to actively influence an American presidential election by embargoing newsworthy information from being seen by American voters represent a complete embrace of near CCP-levels of censorship. Just as these American tech companies have aided China in “scoring” the “social worthiness” of citizens, they’ve turned their systems of thought crime punishment upon Americans.

    Whatever glossy hopes of spreading American freedom to China existed 20 years ago have backfired spectacularly. American manufacturing lies in tatters, American wealth has been repurposed toward Chinese imperialism, and American tech companies have become ambassadors for Chinese censorship. For Americans who have lost everything from Washington’s ill-advised dance with a communist superpower that wishes us harm, the “Made in China” label looks more like a takeover than a bargain.

    Source: https://thefederalist.com/2020/10/22...ck-to-america/
    Above article is a great summary precursor to China's next move on the chessboard - Leader of Digital Economy.

    Quote The Coming Currency War: Digital Money vs. the DollarCentral banks are getting closer to issuing their own digital currency. If they do, the dollar might finally face real competition as the world’s dominant currency..

    By Dave Michaels and Paul Vigna
    Sept. 22, 2019


    In China, where mobile money apps like Alipay are ubiquitous, much of domestic commerce already has moved into the digital world. That might be one reason the People’s Bank of China appears to be moving faster than other central banks to digitize its currency, the renminbi. The bank hasn’t publicly commented on the timing, but stories from the state-run China Daily, among others, suggest the digital renminbi could be unveiled this year or next.

    The renminbi would be a significant testing ground. Its use in world markets has increased over the past decade, and China has surpassed the U.S. to become the world’s leading trading nation.

    For the Chinese, digitizing the renminbi is a way to get out from under the U.S.’s thumb, says Eswar Prasad, an economics professor at Cornell University and former head of the IMF’s China Division. China’s goal isn’t necessarily to overthrow the dollar, he says. But they want to give their allies an alternative to the dollar and create a system that couldn’t be disrupted by the U.S.

    “Would the Chinese like to be less vulnerable to American sanctions? Happier if they didn’t have to use the dollar for their imports and exports? The answer to that is unambiguously yes,” he says.

    China‘s digital currency would differ significantly from the bitcoin model, with the central bank keeping control of the money supply and tracking users’ identities.

    The people and companies behind private cryptocurrencies believe their assets will still have value even if countries move to digitize their national currencies. People around the world won’t want to give up the anonymity and privacy associated with cryptocurrency, they say, even if they are pushed into using solely electronic forms of cash.

    “What you end up with is a situation where the government has potentially perfect surveillance into all the financial flows in the entire economy,” says Travis Scher, vice president of investments at Digital Currency Group, owner of the digital-currency trading firm Genesis Trading. “In a world where a country like China issues its own digital currency and tries to move the entire economy onto that, it actually will increase demand for cryptocurrencies and digital currencies that are more private and create the potential for more autonomy.”

    Whatever happens, it could be chaotic, the Bank of England’s Mr. Carney warned in Jackson Hole. When the dollar overtook sterling as the world’s dominant reserve currency in the early 20th century, the backdrop was economic upheaval and a world war that decimated Europe.

    “History teaches that the transition to a new global reserve currency may not proceed smoothly,” he said.
    Last edited by Gemma13; 28th October 2020 at 02:36.

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    United States Avalon Member onawah's Avatar
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    Default Re: is China dominating the global financial markets...?

    CCP Media Outlet Continues Paying US Counterparts Millions to Publish Its Propaganda
    BY LI HAI November 23, 2020

    "China Daily, the Chinese regime’s propaganda outlet, has spent millions for the past six months on U.S. publications, according to its statement (https://efile.fara.gov/docs/3457-Ame...20200601-2.pdf) filed last week with the Department of Justice under the Foreign Agents Registration Act (FARA).

    According to the statement, China Daily’s overall expenses from May 1 to Oct. 31 this year were above $4.4 million, in which around $3.1 million was spent on printing, advertising, and distribution, and about $1.3 million for payrolls and other operating expenses.

    The Wall Street Journal, Los Angeles Times, Foreign Policy, the Seattle Times are some of the notable receivers.

    Los Angeles Times received $340,000 for advertisements and $111,501 for printing newspapers in the past six months.

    Over the past few years, China Daily has spent millions running supplements—called “China Watch”—containing propaganda disguised as news in major U.S. media outlets. These supplements are inserted as advertisements in newspapers or paid programs online.

    However, scholars researching Chinese influence activities in the United States said in a 2018 report (https://www.hoover.org/sites/default...report_web.pdf) that “it’s hard to tell that China Watch’s material is an ad."

    On Feb. 18, China Daily and four other media outlets from China were designated as Foreign Missions by the Department of State. On June 22, the Department of State designated another four news outlets from China as Foreign Missions.

    “[General Secretary Xi Jinping] said ‘Party-owned media must. . . embody the party’s will, safeguard the party’s authority … their actions must be highly consistent with the party,’ in short, while Western media are beholden to the truth, PRC media are beholden to the Chinese Communist Party,” Department Spokesperson Morgan Ortagus said in her statement in June.

    China Daily’s previous financial filings (pdf) with the Justice Department showed that it paid more than $4.6 million to The Washington Post and nearly $6 million to the Wall Street Journal since November 2016. It also showed the outlet paid The New York Times $50,000 in 2018.

    The Washington Post and The New York Times stopped running the advertising insert early this year.

    The Wall Street Journal, Foreign Policy, and the LA Times didn’t immediately respond to requests for comments from The Epoch Times.

    According to China Daily’s recent filing, for the past six months, its total subscription and advertisement income was only $123,700.56. However, the “Fund from Headquarter Office” was $4,416,133.35, accounting for about 97.3 percent of total income.

    China Daily is headquartered in Beijing, China. It is owned by the Publicity Department, an internal division of the CCP (China Communist Party)."
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    Default Re: is China dominating the global financial markets...?

    Americans Have Billions Invested in Companies With Ties to Chinese Military
    BY FAN YU November 23, 2020

    "President Donald Trump’s latest executive order bars U.S. investors from holding ownership stakes in a list of 31 Chinese companies designated to have ties with various Chinese Communist Party (CCP) military apparatuses.

    This order, while somewhat limited in scope, ensnares several well-known Chinese companies, including non-public companies such as Huawei and publicly traded companies such as China Mobile and Hangzhou Hikvision. The 31 companies were previously designated by the Pentagon as being “owned or controlled” by the People’s Liberation Army (PLA), the official name of the Chinese military. (The list of companies can be found here and here.)

    The action could be a sign of things to come for Chinese companies with close ties to the CCP; U.S. capital could prove increasingly hard to come by. In addition, examining the foreign ownership base of these companies reveals that a number of them are partially owned by prominent U.S. investment firms, insurance companies, and pension funds.

    Trump’s latest measure at restricting Chinese companies would prevent U.S. capital from funding China’s military and intelligence agencies that could hurt U.S. interests. It bans U.S. citizens and companies from purchasing new shares of the listed companies beginning Jan. 11, 2021. Current investors who own shares of these companies have about a year, until November 2021, to exit their investments.

    U.S. Sen. Marco Rubio (R-Fla.), a notable China hawk, applauded the decision, saying in a Nov. 12 statement that China’s “exploitation of U.S. capital markets is a clear and ongoing risk to U.S. economic and national security.”

    Diving Into U.S. Investor Ownership
    An analysis by The Epoch Times of ownership of these 31 Chinese companies reveals that billions of U.S. capital have already flowed into shares of these companies, all of which allegedly have ties to the CCP military or intelligence agencies.

    Of the 16 publicly traded firms either on the list or are subsidiaries and related parties of companies on the list, U.S. entities currently hold shares worth approximately $14.9 billion, based on closing prices as of Nov. 20 and latest available public filings data compiled by Bloomberg.

    The vast majority of the roughly $15 billion is invested in two of China’s biggest telecommunications giants. The first is China Mobile Ltd., with $8.1 billion invested via both New York-listed American depositary receipts and Hong Kong-listed shares. The company with the second-largest amount of U.S. capital is New York-listed China Telecom Corp., with $2.3 billion of investments. Both firms are believed to have links to the PLA, according to the U.S. Defense Department.

    Third on the list is surveillance equipment manufacturer Hangzhou Hikvision Digital Technology Co. Ltd., with $1.7 billion of investments from U.S.-domiciled sources. Hikvision has been criticized in the West for producing equipment used to monitor Uyghur Muslims in the northwestern region of Xinjiang.

    Unsurprisingly, investment advisers and fund management firms are the biggest single group investing into these Chinese companies—with $13.5 billion invested—by way of their actively managed mutual funds or passively managed exchange-traded funds (ETFs). They are followed by government and pension funds with $466 million invested, and hedge funds with $406 million invested. Other investor classes with large stakes include insurance companies (for their own accounts) and banks and brokers (likely on behalf of client accounts).

    Among investment advisers, passive managers BlackRock and Vanguard lead the pack, with more than $2 billion each in assets held in these names.

    The vast majority of the amounts held at U.S. pension or sovereign funds is from the California Public Employees Retirement Systems (CalPERS), which is estimated to have approximately $400 million in investments across several state-controlled companies such as China Mobile, China Telecom, China Unicom, and a variety of smaller stakes in other companies on the list, including rail equipment manufacturer CRRC Corp., China Communications Construction Co. Ltd., and China Railway Construction Corp. Ltd.

    The Alaska Permanent Fund Corp., a sovereign fund, is a distant second with approximately $37 million invested across several companies.

    These amounts are estimates as some filings could be stale and entities could have exited their stakes since the filings.

    Another Challenge for Chinese Firms
    Going forward, compliance teams at banks and brokerage firms will need to update their barred lists on behalf of their clients. Investment firms will be banned from purchasing new positions in these companies but have some time to divest their current holdings.

    Relatively speaking, these investments make up a tiny portion of U.S. funds, pensions, and insurance companies. Even BlackRock, whose funds own $2.4 billion worth of shares in the 16 companies The Epoch Times investigated, has $7.5 trillion of assets under management in total. That amount represents 0.03 percent of BlackRock’s fund investments.

    CalPERS, the U.S. state pension system which has been the most overweight in Chinese investments, also has around $350 billion in total financial assets.

    But in an absolute sense, $15 billion of U.S. funding is an enormous amount. It’s very likely that the Trump administration has already pared the list to 31 entities so as to not disrupt U.S. business and investment interests. Expanding the list’s scope even slightly is likely to net far greater investment amounts from U.S. entities.

    Shares of China Telecom and China Mobile fell as much as 9 percent and 6 percent, respectively, on Nov. 13 immediately after the Trump administration’s announcement, before eventually rebounding.

    This action represents the latest challenge for Chinese companies, some of which already face capital market constraints as Beijing authorities attempt to rein in market speculation, promote fiscal responsibility, and reduce financial leverage.

    A string of recent debt defaults at state-owned enterprises have called into question the creditworthiness of local and provincial governments and their ability to backstop defaults. High-profile defaults include those of Chinese chipmaker Tsinghua Unigroup and Huachen Automotive Group, which caused a broader selloff in Chinese bonds during the week of Nov. 16.

    So far, contagion has been confined within certain sectors and provinces. But it could be a matter of time that corporate spreads at national champions are impacted. Banning U.S. investors from participating in certain Chinese companies’ capital markets transactions removes a major funding source for such cash-strapped firms. It remains to be seen at what point Beijing will directly intervene.

    “Although authorities want market discipline for riskier firms, they [China] cannot know how much credit risk might create broader contagion,” The Rhodium Group wrote in a recent note to clients.

    “No one can know this line clearly, given that there is no precedent for this risk in China’s financial system.” "
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    Default Re: is China dominating the global financial markets...?

    CCP Member CAUGHT REVEALING How China Will Use Wall Street To Control Joe Biden
    21,806 views•Dec 8,
    The Hill
    937K subscribers
    "Saagar Enjeti shares his concerns about how Joe Biden's administration will deal with China."\

    Also posted here: https://projectavalon.net/forum4/show...=1#post1395344
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