China Seeks Answers After US Nuclear Submarine Collided With ‘Object’ in South China Sea
https://www.theepochtimes.com/china-seeks-answers-after-us-nuclear-submarine-collided-with-object-in-south-china-sea_4039555.html
China Makes Threat Over AUKUS; How the CCP Controls Chinese People
The Chinese Communist Party (CCP) recently threatened Australia that if it acquires nuclear-powered submarines, it would lose its “privilege” of not being targeted by Chinese nukes.
Australia is considering “going nuclear” as part of its AUKUS defense pact with the United States and the UK.
Is the Chinese Communist Party’s bite as bad as its bark? How seriously should threats verbal and otherwise from the CCP be taken? And are there more covert dangers from the CCP we should be focused on?
We explore these questions with Kay Rubacek, author of “Who Are China’s Walking Dead: a personal journey into the strange world of communist culture and officialdom,” and James Gorrie, author of “The China Crisis: How China’s Economic Collapse Will Lead to a Global Depression.”
forgot sauce:
https://www.theepochtimes.com/china-makes-threat-over-aukus-how-the-ccp-controls-chinese-people_4040008.html
"Catastrophic" Property Sales Mean China's Worst Case Scenario Is Now In Play
No matter how the Evergrande drama plays out - whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China's housing market - remember that Evergrande is just a symptom of the trends that have whipsawed China's property market in the past year, which has seen significant contraction as a result of Beijing policies seeking to tighten financial conditions as part of Xi's new "common prosperity" drive which among other things, seeks to make housing much more affordable to everyone, not just the richest.
As such, any contagion from the ongoing turmoil sweeping China's heavily indebted property sector will impact not the banks, which are all state-owned entities and whose exposure to insolvent developers can easily be patched up by the state, but the property sector itself, which as Goldman recently calculated is worth $62 trillion making it the world's largest asset class, contributes a mind-boggling 29% of Chinese GDP (compared to 6.2% in the US) and represents 62% of household wealth.
https://www.zerohedge.com/markets/catastrophic-property-sales-mean-chinas-worst-case-scenario-now-play