USA China Cold War

Clairvoyance

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A lot of US measures on China are "too little too late." It's good the US government seems to be waking up now, but whether they will stick to it is still unknown.

There is a large, influential segment among the Democrats that see China as just a competitor and not a threat, examples being Michael Bloomberg among others. Also Blinken's ridiculous climate summit with China in 2021. They'll put their heads in the sand and try to settle for a G2 world.

Then there's the compromised far-left that hates the foundations of American success. If they ever take power, US hegemony is forfeit.

The Republicans are generally better in foreign policy, but they are poor in setting the media narrative, controlling think tanks, and wielding the bureaucratic apparatus to set concrete changes in foreign policy.

It's more likely that China makes a mistake that can be exploited than it is for the US to proactively punch a hole in China's strategy.

The correct choice is for the US to take initiative and force a conflict before China has a chance to overtake the US economically and perhaps contest militarily. This is also the most unlikely choice.
 
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IndianHawk

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Not sure what it means. France (22%), Denmark (31%), and Germany (24%) have a higher refusal rate than India (12%), Turkey (13%), and South Africa (17%).
Perhaps because many individuals apply for visa on their own from European countries while from India visa application are put forward mostly by IT companies hence less chances for error in applications and robust case for visa acceptance.
 

Hari Sud

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Chinese Bullet Trains to nowhere

Everybody has heard of Chinese default on their real estate loans of $2 trillion; but there is another story of similar magnitude which is under the covers. They borrowed heavily to finance their expensive High Speed Train (Bullet Train) building, but are unable to meet the interest payments on the monies borrowed, hence another big default is coming.

Wildly building to showcase their economic prowess, Chinese planners have failed to take into account realistic passenger-kilometer traffic revenue. It turned out to be far below their debt servicing cost. This debacle, including a few others*, has heavily piled up against their total national debt and its servicing costs. Such mindless investments are a major financial headache for China. It is only exports of consumer goods to the United States and Europe that guarantee that any money spent unnecessarily will be repaid, if ever.

*Belt & Road Initiative is another example.

Fifteen years back, concurrently building empty real estate, they began building bullet trains running at a speed of 350km/hour. They were showcasing their progress to the investors in the West on borrowed money and stolen technology. As the money kept coming they kept building. In 15 years, they have built an HST network of 37,000 km until 2021. Only a few have served a useful purpose connecting major industrial and commercial hubs. But in their enthusiasm a lot of this Bullet Train connection were unneeded, but was built.

The flip side of the coin is that it is an outstanding accomplishment. No other country has as much high speed train network laid as China. No one will try to do so because the cost of building these tracks and trains is three times higher than a regular rail network. The main reasons given in 2008 for its construction was to reduce air traffic congestion. It was touted to be easier and simpler. It did not succeed, their air traffic is as congested as ever. The High Speed rail corridors operate at 80-90% of capacity on busy routes. Where as most others operate below 40% of the capacity.

While revenue reached $159 billion in 2019, net profit came to about a paltry 0.2% on margin. With travel restrictions to stop the spread of novel coronavirus, these net profits have dived much deeper, hence a debt default is coming. Today, China is caught up in the high-speed rail debt trap.

Such are the ways of Communist China’s spendthrift habits.
 

IndianHawk

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Chinese Bullet Trains to nowhere

Everybody has heard of Chinese default on their real estate loans of $2 trillion; but there is another story of similar magnitude which is under the covers. They borrowed heavily to finance their expensive High Speed Train (Bullet Train) building, but are unable to meet the interest payments on the monies borrowed, hence another big default is coming.

Wildly building to showcase their economic prowess, Chinese planners have failed to take into account realistic passenger-kilometer traffic revenue. It turned out to be far below their debt servicing cost. This debacle, including a few others*, has heavily piled up against their total national debt and its servicing costs. Such mindless investments are a major financial headache for China. It is only exports of consumer goods to the United States and Europe that guarantee that any money spent unnecessarily will be repaid, if ever.

*Belt & Road Initiative is another example.

Fifteen years back, concurrently building empty real estate, they began building bullet trains running at a speed of 350km/hour. They were showcasing their progress to the investors in the West on borrowed money and stolen technology. As the money kept coming they kept building. In 15 years, they have built an HST network of 37,000 km until 2021. Only a few have served a useful purpose connecting major industrial and commercial hubs. But in their enthusiasm a lot of this Bullet Train connection were unneeded, but was built.

The flip side of the coin is that it is an outstanding accomplishment. No other country has as much high speed train network laid as China. No one will try to do so because the cost of building these tracks and trains is three times higher than a regular rail network. The main reasons given in 2008 for its construction was to reduce air traffic congestion. It was touted to be easier and simpler. It did not succeed, their air traffic is as congested as ever. The High Speed rail corridors operate at 80-90% of capacity on busy routes. Where as most others operate below 40% of the capacity.

While revenue reached $159 billion in 2019, net profit came to about a paltry 0.2% on margin. With travel restrictions to stop the spread of novel coronavirus, these net profits have dived much deeper, hence a debt default is coming. Today, China is caught up in the high-speed rail debt trap.

Such are the ways of Communist China’s spendthrift habits.
Chinese are restless idiots. They over do everything before time and it bites them in the ass.

Similar stupidity with one child policy. Rather then try to gradually shape population they went overboard and now their population is shrinking and will never recover.

Rather then gradually building High speed railway on viable roots step by step they again went all out and now trains are running empty and in deficit.

Same with housing. Rather then developing gradually according to need they created ghost cities and now real estate bubble has collapsed.

All these are hallmarks of government planning which is totally against the natural development path of supply and demand.
 

IndianHawk

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Pot calling cattle back ..
🤣

Chinkies have also accused india of cyber attacks previously. 😂
 

ezsasa

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IndianHawk

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it may be delayed by a year, but china will surpass U.S at some point.
U.S alone sends half a trillion $ cash to china every year, why will china not outgrow U.S.
As the report says if slowdown in china continues it will become difficult. Although I too believe at some point china must overtake usa. But that point may be delayed much longer if such situations prevail.

Besides china currently is facing massive outflows after Ukraine war as geopolitics is weighing upon investors .
 

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