THREAD: bullish or bearish chinas market revival

NBA’S SHOCKING Return to China: Millions at Stake After Controversial Ban Lifted

06 December 2024 — The Brooklyn Nets and Phoenix Suns will play two preseason games in China. This follows the reinstatement of the NBA’s broadcast deal, worth millions. The league was banned in 2019 after a controversial tweet by Rockets executive Daryl Morey supporting Hong Kong protesters.

Chinese authorities demanded Morey be fired, but NBA Commissioner Adam Silver refused. Instead, Silver publicly criticized Morey, leading to his apology and retraction of support for the pro-democracy movement. Despite this, China suspended NBA broadcasts until now.

Morey’s tweet read: “Fight for freedom, stand with Hong Kong.” His apology aimed to mend relations with Chinese fans and sponsors offended by his stance. He stressed that his views were personal and not representative of the Rockets or the NBA as a whole.

The return of NBA games to Chinese screens marks a significant financial move for both parties involved. It highlights ongoing tensions between business interests and political stances within international sports diplomacy.

WORLD’S Largest Gold Discovery: China’s $83 Billion Treasure Unearthed

02 December 2024 — Geologists in China have uncovered what is being called the largest gold deposit in the world. The find, located in Pingjiang County, Hunan Province, is valued at $83 billion. This discovery was made about 12 miles beneath the surface and includes 40 gold ore veins with a total of 300.2 tons of gold resources.

The Hunan Academy of Geology suggests there could be over 1,000 tons of gold reserves at depths beyond 3,000 meters. This major find highlights China’s position as the world’s top gold producer, contributing around 10% to global output in 2023.

This discovery comes amid rising bullion prices and growing interest in gold investments worldwide. As markets react to this news, it could heavily influence global economic strategies and investment trends.

US DEMANDS TOUGH Sanctions on China for Fentanyl Crisis

19 October 2024 — A group has filed a petition with the U.S. Trade Representative, urging action against China under Section 301 of the Trade Act of 1974. This section allows the U.S. to impose sanctions on countries that violate trade agreements or harm American commerce. Attorney Nazak Nikakhtar emphasized that sanctions are within legal rights and necessary to pressure China economically.

The opioid crisis cost the U.S. nearly $1.5 trillion in 2020, according to a House Joint Economic Committee report from September 2022. An investigation by Reuters revealed that Chinese companies openly sell fentanyl ingredients online and ship them easily to the U.S., contributing significantly to this crisis. These suppliers often send shipments to Mexican cartels, which then manufacture synthetic opioids like fentanyl, worsening the problem further.

In May 2023, the CDC reported that synthetic opioids caused over 81,000 American deaths in one year, mainly due to fentanyl overdoses. The ongoing crisis highlights an urgent need for effective measures against foreign suppliers fueling this epidemic affecting countless American families daily.;

CHINA’S Moon Landing: A Bold Step in Space Race

04 June 2024 — China’s space program reached a major milestone by landing a module on the moon’s far side. The lander touched down at 6:23 a.m. Beijing time in the South Pole-Aitken Basin, according to the China National Space Administration. This mission is China’s sixth in its moon exploration program, aiming to compete with the United States, Japan, and India.

The mission involves using a mechanical arm and drill to gather up to 2 kilograms of surface and underground material over two days. An ascender will then transfer these samples to another module orbiting the moon, which will return them to Earth by June 25. The samples are expected to land in China’s Inner Mongolia region.

Landing on the far side of the moon presents unique challenges due to lack of direct communication and difficult terrain. Neil Melville-Kenney from the European Space Agency noted that automation is particularly challenging at high latitudes because long shadows can confuse landers. Despite these difficulties, China continues its ambitious plans with an eye on putting a person on the moon by 2030, making it only the second country after America to achieve this feat.

CHINA’S Failed Nicaragua Canal: A Symbol of Lost Ambitions

10 May 2024 — The Interoceanic Grand Canal, also known as the Nicaragua Canal, was a bold initiative intended to link the Atlantic and Pacific Oceans via Central America’s largest lake. Daniel Ortega’s government in Nicaragua promoted this $50 billion project as a competitor to the Panama Canal. It also risked boosting China’s influence in the region with a 50-year lease given to HKND Group, led by Chinese tycoon Wang Jing.

Despite breaking ground in December 2014 amid much celebration, no substantial progress ensued. Wang Jing saw his wealth plummet by 85% shortly thereafter. By 2021, he and his company were ousted from the Shanghai Stock Exchange due to unethical practices, signaling a sharp fall from their lofty ambitions.

Following these setbacks, Nicaragua’s National Assembly enacted legal reforms at Ortega’s behest. They annulled previous laws that had granted canal concessions and declared these changes essential for “strengthening” Nicaragua’s legal framework for improved national governance. Critics suggest these actions were mere attempts to recover dignity following an embarrassing failure

In sum, while initially seen as a strategic geopolitical move and economic boon for Nicaragua, the failed canal project has instead become emblematic of overreach and mismanagement under Ortega’s rule.

TIKTOK On The BRINK: Biden’s Bold Move to Ban or Force Sale of Chinese App

02 May 2024 — TikTok and Universal Music Group have just renewed their partnership. This deal brings UMG’s music back to TikTok after a short break. The agreement includes better promotion strategies and new AI protections. Universal CEO Lucian Grainge said the deal will help artists and creators on the platform.

President Joe Biden has signed a new law that gives TikTok’s parent company, ByteDance, nine months to sell the app or face a ban in the U.S. This decision is due to worries from both political sides about national security and protecting American youth from foreign influence.

TikTok’s CEO, Shou Zi Chew, announced plans to fight this law in U.S courts, claiming it supports their constitutional rights. Yet, ByteDance would rather close TikTok in the U.S than sell it if they lose their legal battle.

This conflict shows the ongoing struggle between TikTok’s business goals and America’s national security needs. It points out big worries about data privacy and foreign influence in American digital spaces by China’s tech sector.

SOUTH KOREAN Election Shocker: Voters Lean Left in Historic Turn

11 April 2024 — South Korean voters, upset by the economic slump, are showing their disapproval towards President Yoon Suk-yeol and his ruling People Power Party (PPP). Early exit polls indicate a dramatic tilt in the National Assembly, with the opposition DP/DUP coalition on track to win between 168 and 193 of the 300 seats. This would leave Yoon’s PPP and its partners trailing with just 87-111 seats.

A record-breaking turnout of 67 percent — the highest for a midterm election since 1992 — reflects widespread voter engagement. South Korea’s unique proportional representation system aims to give smaller parties a chance but has resulted in a crowded field that confuses many voters.

PPP leader Han Dong-hoon has publicly recognized the disappointing exit poll figures. He pledged to honor the electorate’s decision and wait for the final tally. The election results could mark a pivotal change in South Korea’s political landscape, hinting at broader shifts ahead.

This electoral outcome underscores growing public discontent with current economic policies and signals a desire for change among South Korean voters, potentially reshaping the nation’s policy direction in years to come.

ANC on SHAKY Ground: South Africa’s Opposition Parties Gaining Momentum

14 March 2024 — Recent polling data indicates a potential shift in South Africa’s political scene, the likes of which haven’t been seen since 1994. The ruling party, the African National Congress (ANC), has experienced a decline in support from 44% to 39% since November 2022.

On the other hand, the opposition Democratic Alliance (DA) has seen its share rise from 23% to a notable 27%. A newcomer on the scene, the MK Party, has made an impressive debut with a surprising 13%, while support for the radical Economic Freedom Fighters (EFF) party has dwindled to just 10%.

This changing landscape could potentially pave the way for DA to form a majority coalition with other parties excluding ANC and EFF. This tactic proved successful in Cape Town’s municipal elections back in 2006. Despite ANC’s historical appeal due to its instrumental role in ending apartheid, ongoing issues such as electricity and water shortages, high crime rates, and rampant corruption have strained voters’ loyalty.

The shifting political climate suggests that voters are seeking change and are willing to look beyond traditional party lines. This could lead to significant changes in South Africa’s political landscape moving forward.

TRUMP’S COMEBACK: Leads Biden in Hypothetical 2024 Race, Reveals Michigan Poll

15 February 2024 — A recent poll from Michigan, conducted by Beacon Research and Shaw & Company Research, reveals a surprising turn of events. In a hypothetical race between Donald Trump and Joe Biden, Trump takes a two-point lead. The poll shows 47% of registered voters backing Trump while Biden comes close with 45%. This narrow lead falls within the poll’s margin of error.

This represents an impressive swing towards Trump by 11 points compared to a July 2020 Fox News Beacon Research and Shaw Company poll. During that time, Biden held the upper hand with 49% support versus Trump’s 40%. In this latest survey, only one percent would back another candidate while three percent would abstain from voting. An intriguing four percent remain undecided.

The plot thickens when the field is expanded to include independent candidate Robert F. Kennedy Jr., Green Party candidate Jill Stein, and independent Cornel West. Here, Trump’s lead over Biden grows to five points suggesting his appeal remains strong among voters even in a wider field of candidates.

TIME to STOP Iran’s Terror Funding: The Unholy Alliance Exposed

31 January 2024 — The current geopolitical landscape has raised serious concerns, according to a recent statement by Lawler. He drew attention to an emerging alliance between China, Russia, and Iran that is becoming increasingly visible. Notably, he identified China as the largest consumer of Iranian petroleum. These sales are providing financial support for dangerous terrorist groups.

Lawler stressed the need for immediate action against Iran in response to over 150 attacks on U.S. military bases and personnel since October 7. Tragically, these assaults have resulted in three servicemembers losing their lives. He called on the administration for a decisive response against Iran.

A bipartisan bill designed to curb illegal funds supporting terrorism was approved in the House after October 7 but has hit a roadblock in the Senate. Lawler urged both Senate and administration officials to advance this bill as part of a comprehensive strategy against these threats.

Lawler believes that an effective response should not only be military or diplomatic but also economic: cutting off funding at its roots. This multi-pronged approach is essential for effectively fighting terrorism.

NASA’S Moon Landing POSTPONED While China Races Ahead: A New Space Race?

10 January 2024 — NASA has revised its moon landing timeline. The pioneer astronauts are now slated to touch down near the moon’s south pole with Artemis III in September 2026, a delay from the initial plan of December 2025.

On the other hand, China pursues its deep space exploration dreams without hindrance, targeting a manned Moon landing by 2030. This could potentially place China ahead of the US in this renewed space race.

Artemis IV, NASA’s inaugural mission to the Gateway lunar space station, is still set for 2028. NASA is currently addressing some safety concerns including a battery glitch and an issue with a circuitry component that controls air ventilation and temperature regulation.

Despite these hurdles, NASA emphasizes that “safety is our top priority.” With America’s space agency wrestling with technical challenges, it remains uncertain how this postponement will affect America’s position in global space exploration.

PROJECT DYNAMO Gears Up for Heroic Rescues in Taiwan and China Amid Rising Tensions

01 January 2024 — Project Dynamo, a nonprofit dedicated to saving endangered Americans overseas, is gearing up for possible rescue missions in Taiwan and mainland China. The move comes as worries intensify over Beijing’s military upgrades, nuclear growth, and aggressive stance towards Taiwan. China regards Taiwan as a rebellious province and has made threats of forceful annexation.

Established by former U.S. military and intelligence officers in August 2021, Project Dynamo initially concentrated on rescuing Americans stranded in Afghanistan after the U.S. military pullout. Since then, the organization has broadened its reach globally to assist Americans who were not part of the U.S. military’s rescue plan.

Bryan Stern, a combat veteran and founder of Project Dynamo conveyed that while it’s unclear if they’ll conduct rescue operations in both mainland China and Taiwan, they are ready for any scenario. Stern stressed that there are more Americans living in China than Taiwan, making their safety just as crucial.

Project Dynamo has named potential rescues in Taiwan and China “Marco Polo”. Operating solely on donations without government support, the group has saved over 6,000 people from various worldwide crises within less than three years of operation.

President MILEI’S BOLD Plan to Revive Argentina: Sweeping Reforms Unveiled

29 December 2023 — Argentina’s leader, President Javier Milei, has introduced a detailed 351-page bill named “Law of Bases and Starting Points for the Freedom of Argentines.” The President’s Office says this bill is designed to “restore the economic and social order,” as outlined by Argentina’s constitution. Its goal is to tackle obstacles that impede the functioning of a market economy and contribute to national poverty.

This extensive bill reportedly includes two-thirds of Milei’s reform ideas and calls for a public emergency in multiple sectors until December 31, 2025. This period can be extended by up to two years at the discretion of the executive branch. The proposal builds on last week’s Necessity and Urgency Decree (DNU) signed by Milei, which changed or removed over 350 socialist policies.

The DNU’s contents are formalized in this new bill through codification. It also addresses subjects an executive order cannot touch upon, such as criminal law, taxation, and electoral matters. If Congress rejects the DNU, Milei has announced plans for a national vote for its approval.

In terms of state reforms, the proposed legislation advocates privatizing all roughly 40 state-owned enterprises including oil company YPF and Aerolíneas Argentinas airline. Furthermore, it suggests that

Bipartisan Committee CALLS for END of China’s Trade Status: A Potential Jolt to US Economy

12 December 2023 — A bipartisan committee, led by Rep. Mike Gallagher (R-WI) and Rep. Raja Krishnamoorthi (D-IL), has been studying the economic effects of China on the US for a year. The investigation centered on job market changes, manufacturing shifts, and national security concerns since China joined the World Trade Organization (WTO) in 2001.

The committee released a report this Tuesday recommending President Joe Biden’s administration and Congress to implement nearly 150 policies to counteract China’s economic influence. One significant suggestion is to cancel China’s permanent normal trade relations status (PNTR) with the U.S., a status endorsed by former President George W. Bush in 2001.

The report argues that granting PNTR to China did not bring anticipated benefits for the US or trigger expected reforms in China. It asserts that this has led to a loss of vital U.S. economic leverage and inflicted damage on U.S industry, workers, and manufacturers due to unfair trade practices.

The committee proposes shifting China into a new tariff category that reinstates U.S economic leverage while reducing dependence on Chinese

US-CHINA Economic Reset PROPOSED: Will Higher Tariffs Be the New Norm?

12 December 2023 — A bipartisan committee in the House has put forth a proposal for a complete overhaul of US economic ties with China. This includes the suggestion of implementing higher tariffs. The pivotal recommendations were released in an extensive report by the House Select Committee on Strategic Competition Between the United States and Chinese Communist Party, chaired by Mike Gallagher (R-WI) and Raja Krishnamoorthi (D-IL).

The report posits that since its induction into the World Trade Organization in 2001, Beijing has been engaged in an economic conflict against both the US and its allies. It outlines three key strategies: revamping America’s economic relationship with China, limiting U.S. capital and technological inflow into China, and strengthening U.S. economic resilience with allied support.

One notable recommendation is to shift China to a new tariff column to enforce more robust tariffs. The committee also suggests imposing tariffs on essential semiconductor chips used in everyday devices like phones and cars. This move aims to prevent Chinese domination in this sector from granting Beijing undue control over global economy.

ITALY’S Bold Exit from China’s Belt and Road Initiative: A Triumph for Western Independence

06 December 2023 — Italy recently declared its departure from China’s Belt and Road Initiative (BRI), signifying a major shift in Western attitudes towards Beijing’s economic clout. After four years of involvement, Italian Foreign Minister Antonio Tajani noted that nations not participating in the initiative have seen superior results.

The official withdrawal notice was issued by Prime Minister Giorgia Meloni’s administration this week, well before the initial agreement expires next year. This decision sets the stage for an upcoming summit hosted by China with European Union leaders who have lately adopted a more wary stance towards Beijing.

In response to mounting skepticism, Chinese Foreign Minister Wang Yi advocated for mutually beneficial relationships between Europe and China to boost global development. However, such views are increasingly met with suspicion in Europe as Western societies strive to steer clear of economic connections that might give Beijing an upper hand during political upheavals.

Stefano Stefanini, former Italian Ambassador, underscored an official G7 policy termed “de-risking”, spotlighting U.S.'s opposition against Italy’s participation in BRI. Despite U.S warnings labeling it as a “predatory” lending scheme aimed at controlling strategic infrastructure, Italy joined the initiative back in 2019.

EXPOSED: BIDEN and Elites’ Unsettling Alliance with China

22 November 2023 — President Joe Biden’s recent actions have stirred up a storm of controversy. His apparent dismissal of the idea of “decoupling” from China is causing concern among conservatives. These revelations come from a new book, Controligarchs: Exposing the Billionaire Class, Their Secret Deals, and the Globalist Plot to Dominate Your Life.

The book suggests that global elites and politicians like Biden and California Governor Gavin Newsom are actively pushing for a closer resemblance between the U.S. and its Communist adversary. It alleges that these individuals view Beijing’s elites not as threats or rivals but as business partners.

Among those named in these claims are influential figures such as BlackRock’s Larry Fink, Apple’s Tim Cook, and Blackstone’s Stephen Schwarzman. These business leaders were reportedly present at a dinner honoring Chinese Communist Party Leader Xi Jinping where they stood in applause for Chairman Xi.

This revelation comes at a time when concerns over China’s influence on global politics are growing. It highlights the urgent need for transparency in dealings between American leaders and foreign powers.

BIDEN-XI Summit: A Bold Leap or a Blunder in US-China Diplomacy?

16 November 2023 — President Joe Biden and Chinese President Xi Jinping have committed to keeping direct lines of communication open. This decision follows their lengthy four-hour discussion at the 2023 APEC summit in San Francisco. The leaders unveiled an initial agreement aimed at halting the influx of fentanyl precursors into the U.S. They also plan to restore military communications, which were cut off after China’s disagreement with the Pentagon following Nancy Pelosi’s visit to Taiwan in 2022.

Despite rising tensions, Biden made efforts during Wednesday’s meeting to strengthen U.S.-China relations. He also vowed to persistently challenge Xi on human rights issues, arguing that frank discussions are “critical” for successful diplomacy.

Biden voiced positivity about his rapport with Xi, a relationship that began during their vice-presidential terms. However, uncertainty looms as a congressional investigation into COVID-19 origins threatens US-China relations.

It is unclear whether this renewed dialogue will result in substantial progress or further complications.

BIDEN and XI: Critical Trade Talks Amid Escalating Tensions

11 November 2023 — President Joe Biden is scheduled to meet with Chinese President Xi Jinping in California this Wednesday. This marks their first rendezvous in a year, amidst the backdrop of strained U.S.-China relations. The world’s two largest economies will put trade and Taiwan at the forefront of their discussions.

The White House has been alluding to this meeting for some time now. It will occur on the fringes of the Asia-Pacific Economic Cooperation summit in San Francisco. Both leaders are aiming to “responsibly manage competition” and collaborate where mutual interests overlap.

Meanwhile, Treasury Secretary Janet Yellen has been engaging with Chinese Vice Premier He Lifeng for a second day of dialogue on Friday. Yellen underscored America’s aspiration for a robust economic relationship with China, while also urging Beijing to take action against firms suspected of circumventing sanctions to transact with Russia.

Yellen additionally expressed apprehensions about China’s export controls on graphite – an essential component in electric vehicle batteries – amidst escalating tensions between the nations that could see thousands protesting during the summit.

FRONTIER AI: A Ticking Time Bomb? World Leaders and Tech Titans Convene to Discuss Risks

01 November 2023 — The latest buzzword in the realm of artificial intelligence, Frontier AI, has been causing a stir due to its potential threats to human existence. Advanced chatbots like ChatGPT have dazzled with their capabilities, but fears about the risks associated with such technology are escalating. Top researchers, leading AI companies, and governments are advocating for protective measures against these looming dangers.

British Prime Minister Rishi Sunak is orchestrating a two-day summit on frontier AI at Bletchley Park. The event is set to draw around 100 officials from 28 nations including U.S. Vice President Kamala Harris and European Commission President Ursula von der Leyen. Executives from prominent U.S. artificial intelligence firms such as OpenAI, Google’s Deepmind and Anthropic will also be in attendance.

Sunak asserts that only governments can shield people from the hazards posed by this technology. However, he stressed that the U.K.'s strategy is not to hastily impose regulation despite identifying potential threats like using AI for crafting chemical or biological weapons.

Jeff Clune, an associate computer science professor at the University of British Columbia who specializes in AI and machine learning was among those urging for more government intervention in mitigating risks from AI last week — echoing warnings issued by tech tycoons like Elon Musk and Open