Forwarded from Politically Incorrect News
The Gateway Pundit
Is China Preparing for War? Top Selling Movie in China, Commissioned by the CCP, Depicts the US As Its Enemy
Is this a war cry or only a propaganda film to paint the US as its enemy? The American Military News reports: A new record-setting $200 million Chinese war movie commissioned by the ruling Chinese Communist Party (CCP) depicts the Korean War Battle of Chosin…
Forwarded from 📡Guardians of Hong Kong
#Evergrande and other Chinese property giants have sizeable off-balance sheet debt: #JPMorgan
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
Reuters
Evergrande and other Chinese property giants have sizeable off-balance sheet debt - JPMorgan
Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
Forwarded from Plandemics and NWO
"Taiwan death from COVID-19 vaccination exceeds death from COVID-19"
Vac deaths in Taiwan: 852
Deaths with COVID-19: 844
Prediction: Vaccinating low death rate countries (such as much of Africa) will elicit more deaths from the jab than from disease
https://t.co/RrJfwl9MTj
Vac deaths in Taiwan: 852
Deaths with COVID-19: 844
Prediction: Vaccinating low death rate countries (such as much of Africa) will elicit more deaths from the jab than from disease
https://t.co/RrJfwl9MTj
Forwarded from Hong Kong news updates
Reuters
Evergrande and other Chinese property giants have sizeable off-balance sheet debt - JPMorgan
Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
Forwarded from RT News
China testing secret experimental drone ships at converted tourist resort
China is reportedly using a former tourist resort near Dalian to allegedly trial large unscrewed surface vessels, according to the United States Naval Institute.
Based on the images, USNI describes the unmanned ships to be “generally larger and more robust” indicating fast-pace Chinese research and development.
It says the discovery of the facility shows China is putting a previously unknown emphasis on armed drone systems.
Subscribe to RT: https://publielectoral.lat/
China is reportedly using a former tourist resort near Dalian to allegedly trial large unscrewed surface vessels, according to the United States Naval Institute.
Based on the images, USNI describes the unmanned ships to be “generally larger and more robust” indicating fast-pace Chinese research and development.
It says the discovery of the facility shows China is putting a previously unknown emphasis on armed drone systems.
Subscribe to RT: https://publielectoral.lat/
Forwarded from 📡Guardians of Hong Kong
China at the UN: Choking Civil Society
The Chinese government’s crackdown on freedom of expression, independent thought, and civil society now extends beyond its borders. In the United Nations, the People’s Republic of China (PRC) misuses its seat on the United Nations Economic and Social Council’s Committee on Non-governmental Organizations (NGO Committee) to block applications from civil society organizations seeking UN consultative status. Consultative status enables NGOs to participate in UN activities, including hosting side events, gaining access to sessions, speaking at UN events and delivering statements.
Source: Journal of Democracy #Jul31
https://t.co/IgMB3ovTzV
#China #UN #PRC #NGO
The Chinese government’s crackdown on freedom of expression, independent thought, and civil society now extends beyond its borders. In the United Nations, the People’s Republic of China (PRC) misuses its seat on the United Nations Economic and Social Council’s Committee on Non-governmental Organizations (NGO Committee) to block applications from civil society organizations seeking UN consultative status. Consultative status enables NGOs to participate in UN activities, including hosting side events, gaining access to sessions, speaking at UN events and delivering statements.
Source: Journal of Democracy #Jul31
https://t.co/IgMB3ovTzV
#China #UN #PRC #NGO
Forwarded from Anne Marie Waters News (For Britain movement)
The insanity continues
"The three countries – China, Russia and India – that produce the most methane emissions in the world haven’t signed onto the pact, which has been spearheaded by the U.S. and European Union ahead of a major United Nations climate conference. The nations that have signed the agreement represent nearly 30% of global methane emissions, the State Department said Monday.
“Methane reductions are the single most effective strategy to reduce global warming in the near term and keep a 1.5 C future within reach,” U.S. Special Envoy for Climate John Kerry tweeted after the September announcement. “Join the (pledge) and cut methane 30% by 2030.”
Meanwhile, forcefully cutting methane emissions so drastically could significantly harm U.S. agriculture and manufacturing, according to industry groups. The White House has yet to lay out the policies it would pursue to cut methane by 30%."
https://dailycaller.com/2021/10/11/united-states-european-union-methane-emissions-climate-change-china-russia-india/
"The three countries – China, Russia and India – that produce the most methane emissions in the world haven’t signed onto the pact, which has been spearheaded by the U.S. and European Union ahead of a major United Nations climate conference. The nations that have signed the agreement represent nearly 30% of global methane emissions, the State Department said Monday.
“Methane reductions are the single most effective strategy to reduce global warming in the near term and keep a 1.5 C future within reach,” U.S. Special Envoy for Climate John Kerry tweeted after the September announcement. “Join the (pledge) and cut methane 30% by 2030.”
Meanwhile, forcefully cutting methane emissions so drastically could significantly harm U.S. agriculture and manufacturing, according to industry groups. The White House has yet to lay out the policies it would pursue to cut methane by 30%."
https://dailycaller.com/2021/10/11/united-states-european-union-methane-emissions-climate-change-china-russia-india/
The Daily Caller
Biden Climate Pact Hobbles US Manufacturing And Agriculture But Gives China, India, Russia A Pass
Some of the world's top emitters of methane haven't signed a global effort to curb how much of the greenhouse gas is emitted by 2030.
Forwarded from The Epoch Times
Epoch TV Review: Google’s Ties With the CCP
By: Lacy Hall
READ: https://www.theepochtimes.com/epoch-tv-review-googles-ties-with-the-ccp_4031484.html?utm_medium=epochtimes&utm_source=telegram
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By: Lacy Hall
READ: https://www.theepochtimes.com/epoch-tv-review-googles-ties-with-the-ccp_4031484.html?utm_medium=epochtimes&utm_source=telegram
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Forwarded from China in Focus - NTD
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Chinese property firms took heavy fire in bond markets on Tuesday after the poster child of the sector's woes, #Evergrande Group, missed its third round of #BondPayments in weeks. And the number of debt-saddled companies rose to four.
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🔶 Watch the full episode👉https://youtu.be/KI3rlE62R9k
Forwarded from The Epoch Times
The War Is On With China
By: Stephen Moore
READ: https://www.theepochtimes.com/the-war-is-on-with-china_4046833.html?utm_medium=epochtimes&utm_source=telegram
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By: Stephen Moore
READ: https://www.theepochtimes.com/the-war-is-on-with-china_4046833.html?utm_medium=epochtimes&utm_source=telegram
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Forwarded from China in Focus - NTD
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More reports of #Flood damage are coming out of northwestern China. Excess water has breached one river bank in the country's #Shaanxi Province, amid continuous heavy rains. The resulting flood drowned 12 small towns there.
🔶 Watch the full episode👉https://youtu.be/KI3rlE62R9k
🔶 Watch the full episode👉https://youtu.be/KI3rlE62R9k