Biden has told China that the USA will not send political representatives to the Winter Olympic games in February 2022 in that country. Athletes will participate on their own. This will decrease China's prestige in holding these games. Xi JP will not hold his glistening head so high-he's been rebuked by the West.
Poor Xi JP. He has locked in his position for life this year; his status has been elevated by acclaim to that of Mao Zedong. His every wish is a command to his followers at every level of government. But now: economic problems. Real estate bubble(s). Evergrande, the Real Estate giant is on the financial rocks. Debt payments will be missed this month, and the future of payments looks bleak. Beijing will have to step in(already has) to see if the company can be salvaged. Sister real estate companies are also tottering on the brink of collapse. Should these companies be taken over by Beijing, the ripple effect will then open a flood of takeovers, signifying a turn to recession.
Welcome to high finance. Who will bail out Beijing? India? Ha, ha, ha, ha, ha. President Modi would rather slip bamboo slivers under Xi's finger nails. Russya? Ha, ha, ha. Putin would rather give Xi a dose of the clap than bail any Chinese companies out. Belarus? Ha,ha, ha. Lukashenko would rather send 10,000 Syria refugees to Beijing before he sends a Euro or two. Hmmmmmm. Maybe one of his friends from Africa? No, they have Omicron problems. So, China will have to deal with the mess they created in their own house. Not pretty.
Sure, we know: when Beijing sneezes, the world gets a cold. Read what happens when all those shipping containers return to Shanghai empty. One Way trade never works long term. China is beginning to feel the pinch as fewer buyers are to be found among former customers for the cheap shit they make in the sweat shops in Hong Kong, etc.etc.
Telling is the announcement that China wanted to build a seaport harbor on Africa's west coast: that coast that faces the western hemisphere. Diplomats from the USA have arrived in Africa to dissuade countries from accepting any deals with the Chinese military. The same issues have been ongoing on China's east coast as Beijing tries to commandeer the South China Sea as its own. Building military air facilities on tidal exposed rocks is a fantasy game created in the hallways of the PLA.
No doubt, the PLA will hack into today's zoom call between Putin and Biden. They'll then parse the discussed topics and any decisions made for the benefit of Xi.
Where is Peng? Please let her go.
No comments:
Post a Comment