[-] Joncash2@lemmy.ml 11 points 8 months ago

Well it's also important to note that western media is intentionally not reporting on this properly and putting what I said as remarks at the end of articles. There's two reasons for this.

  1. This has never happened before. Countries usually just bail out their property developers and hope they'll build cheaper housing. IE USA Circa 2008. So we really don't know what the outcome of this is. Wall St of course hates this and is terrified of this. I mean if it works and other countries follow suit in the future, what would that mean for all the Wall St. billionaires.

  2. Obviously the usual China bad narrative. The west really really doesn't want any Chinese actions to be viewed in a positive light.

So here's a Korean article that explains it better and isn't as influenced by western media.

https://www.msn.com/en-us/money/companies/xi-jinping-s-socialist-solution-china-s-response-to-the-real-estate-crisis/ar-BB1iDuXM

The key take away point is, stop believing US media, it's absolutely shit propaganda. I'm not saying China is good, hell I agree with the Koreans that this might not work, but for the love of god don't believe USA.

[-] Joncash2@lemmy.ml 12 points 8 months ago

China has said they will bail out the regular people. What they're doing is they're buying the homes at a discounted price from the people and turning them into subsidized housing. To quote the article:

“We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing,”

So there's no bailout for the property developers but they are controlling the loss for regular folks.

I'm sorry people downvoted you without explaining that. I know it's hard to read the entire article sometimes.

[-] Joncash2@lemmy.ml 12 points 8 months ago* (last edited 8 months ago)

So why do you agree with the US who has openly stated if Trump wins they'll invade Mexico?

https://www.vox.com/politics/2023/4/21/23686510/mexico-invade-bomb-trump-republicans-cartels

*Edit: I'm really hoping you'll resort to whataboutism. Since your entire argument is a whataboutism. You're saying you won't believe genocide victims because what about China doing stuff that has nothing to do with Gaza.

[-] Joncash2@lemmy.ml 14 points 8 months ago

So I'm assuming you must take all Ukraine's talking points with a grain of salt too right?

https://www.newsweek.com/china-ukraine-russia-new-push-ceasefire-war-1875081

After all China's calling for a ceasefire there too.

[-] Joncash2@lemmy.ml 10 points 8 months ago

No, an inflation index only measures necessities. Ironically that's a reason inflation always goes up as small electronics and other non-necessities actually have gone down significantly. But as I said the inflation index only counts things like groceries, housing, cars, oil and stuff like that.

That all said, it'd be fascinating to know what is the price limit that would stop hotdog throwing and the other question that needs answered is if this increase would make them more or less money.

[-] Joncash2@lemmy.ml 13 points 8 months ago

Well tell that to your government. They are not saying that. And until most of the UN agrees with that, Taiwan can't be considered a country.

In fact, as a Taiwanese person, I'd prefer it if people like yourself didn't just say platitudes like Taiwan is a country and then do literally nothing in your votes to make that happen. You disappoint me.

[-] Joncash2@lemmy.ml 10 points 8 months ago

I talked about that. This is how China is keeping the messaging consistent. Again, according to most states in the UN, they want a 2 state solution for Palestine. That's why China's pushing an armed resistance solution for the Palestinians.

Also, according to most states in the UN, they agree upon a 1 state solution for China and Taiwan. That's why China's pushing for an armed resistance solution against the Taiwanese occupiers.

It doesn't matter what states say internally or want internally. The whole point is consistency of message from the Chinese. Which is armed resistance is acceptable for occupations. Thus, no "oh what if it turned around on China?" It's consistent messaging, there's no turning around.

NOW what you're arguing is that the people don't feel that way. Which means the west isn't following it's own "rule of law". The problem with your argument is it makes clear that China is the one agreeing and following the UN rulings and the west is bending the "rules of law". This is also why China cares so much about what they're "hearing" as you stated and doesn't really care about what they say internally. Which seems petty to you, but means China is actually obeying rule of law and the west is not.

[-] Joncash2@lemmy.ml 11 points 9 months ago

While that's true, I would argue the total human cost is similar. Your estimates do not count stolen and killed Ukrainian civilians. Adding those would make the numbers far closer, especially since no Russian civilians are caught in this conflict so far.

Not saying any of this is OK. Just unfortunately the numbers are very similar. War is miserable.

*And yes, the fact that Ukraine is suffering more losses due to the fact that it's Russia invading absolutely makes Russia the bad guy here. I'm just pointing out that the losses are unfortunately very close.

[-] Joncash2@lemmy.ml 10 points 10 months ago

The bigger issue is they're saying they're decreasing support as of this year. Even if we ignore the fact that Russia will bomb those factories, factories don't just pop up magically. Often taking years to build in the first place. If the support dries up as of this year, there's no way Ukraine would be able to switch to domestic production.

Essentially what's really being said is Ukraine will be stuck in a stalemate at best for this year and domestic production might support Ukraine enough for future years assuming there are no delays to factory creation. But just look at the chips act to see how well factory creation goes.

[-] Joncash2@lemmy.ml 13 points 10 months ago

Now, I'm not saying that Bolivia won't get indebted to China, only that this actions is literally the opposite. When you agree to bilateral trade in another country's currency, you're actually going to be buying that countries debt. Look at how China is one of US's largest bond holders. The trade agreement means Bolivia will want a large reserve of Yuan which leads to Bolivia buying Chinese bonds.

That said, the next action will most likely be what you're talking about. Much like Egypt after signing a currency swap agreement, Bolivia will likely denominate future debt in Yuan, or what we've been calling Panda bonds. Since you can use Yuan now for trade, it makes sense to take out debt in Yuan to fund things.

An example of this not happening however is Argentina. After agreeing to a currency swap with China to trade in Yuan, Mieli got elected and promptly ended that. No indebtedness to China at all.

You can argue that this is an indicator that Bolivia intends to get indebted to China, but this action so far is the exact opposite.

[-] Joncash2@lemmy.ml 11 points 1 year ago

uh I think it's actually quite a good comparison. The only way to "protect" them is to make them the enemy, like smoking weed. Which is a terrible idea and we shouldn't try to stop them from smoking weed in the first place.

[-] Joncash2@lemmy.ml 11 points 1 year ago

This is what bothers me the most. China has genuine problems, but all people are doing is putting up strawmen and attacking them. It makes conversation impossible and no one can see what China is actually doing. And in some ways that's far more dangerous.

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Joncash2

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