Is doing business with China really worth the risk?

[camscan]

This is true. But they have no right to twist the arms of anyone else.

btw, that whole line of reasoning makes me giggle. Bla bla bla "freedumb" -- you guys are so brave about a fifty cent mask, how about selling a vmc to Iran ? Where's your freedumb now ? When it comes to anything that matters, you're nothing but a bunch of cringing cowards.

All because the CIA did the Brits a favor so BP could keep profits high. Shit. How disgusting can you get ?

You do realise that BP is not a British company.

 

[Scottl]

EG is a pro commie piece of trash, you are wasting your time arguing with him.

Worse than just a pro commie piece of trash. EG is a professional commie piece of trash aka a government paid troll.

 

[Scottl]

Last I read it was Vanguard, which is then allegedly Rothschild investments?

Oooh, don't mention the name Rothschild (Red Shield*, originally Bauer). They don't actually exist and are just an antisemitic fantasy.

* Mayer Amschel Bauer, the founder of the dynasty, adopted the name Rothschild after a red sign (Rotes Schild) that hung outside the family home according to an official biography.

 

[EmGo]

You do realise that BP is not a British company.

In 1953 it was the Anglo-Iranian Oil Company, previously Anglo-Persian Oil Company. Changed name to BP later. Sold later. Overthrow staged and executed by MI6 and the CIA for the benefit of Anglo-Iranian.

Sorry to burst your bubble but this is fact, even admitted to by the guilty parties.

CIA admits role in 1953 Iranian coup | Iran | The Guardian

CIA Confirms Role in 1953 Iran Coup

OK so consider this;

“ Since China’s automotive joint ventures do not contribute a single dime to GM revenue streams, what makes up GM largest revenue source then?

You should look more carefully at your sources, True. This guy can't do simple arithmetic. First he says China sales contributed 264 billion to GM, then he says that's smaller than 6.9 billion.

Then it gets worse.

The idiot apparently does not know what "equity income" is. Dividends are a type of equity income. ALL of GM's overseas profits are listed in their annual reports under "equity income."

Their overseas operations did not do so well in 2020 because of the epidemic and also negative results from foreign exchange rates. However, from Motley Fool I managed to find that income from China for the third quarter was 495 million. Didn't find a full year result, have a few other things to do today. If it mattered, someone could, I'm sure. Not sure where this twit came up with 264 billion ? That's quite a few cars.

But this statement is ridiculous : "While China contributed over $264 billion of profit to GM in the form of equity income as shown in the snapshot above, GM’s equity income from China was far less than the $6.4 billion adjusted operating income which came largely from the United States."

I'd really like to see how 264 billion (impossible) can be less than 6.9 billion. And also I'd like to know how 264 billion imaginary dollars can equate to "Since China’s automotive joint ventures do not contribute a single dime to GM revenue streams, what makes up GM largest revenue source then?"

This is one twit total who is trying to sell some spreadsheet that will make you a winnah ! winnah ! in the stock market. He's a crackpot.

Plus I got a dime and a nickel here I'll happily give GM in exchange for that 264 billion. That way they can come out ahead !

Next ....

One kinda interesting thing came across, I think also at Motley Fool ? Was that the shortage of chips was self-inflicted. The automakers got scared that volumes would drop so renegotiated (aka cancelled) a lot of orders. Automakers are only about 10% of the market for ic's so they don't have so much pull. The chipmakers happily rerouted those orders to electronics, games, hot water heaters etc. Then when auto production picked up, the car companies were screwed. Shot themselves in the foot, they did.

Not really caused by "fragile overseas suppliers" as the press would have us believe. Supply was still there, just redirected to companies who didn't cancel their orders.

Makes sense, especially since Taiwan and Korea are the major chip suppliers, and neither one had massive problems with the virus. Freedom-loving Taiwan was about three times as draconian and authoritarian as the mainland, in fact. We didn't hear much about that, either. I wonder why ?

 

[standardparts]

Time for celebration!


Power Outages Hit China, Threatening the Economy and Christmas

From the New York Times....which means it's true!

China Power Outages Close Factories and Threaten Growth - The New York Times

 

[Bill D]

I guess China stole Texas power companies methods for their own country and got similar results. Just wait until winter comes to China.
Bill D

 

[kustomizingkid]

I guess China stole Texas power companies methods for their own country and got similar results. Just wait until winter comes to China.
Bill D

Hey big difference, China doesn't care. You die its because you were weak.

 

[thermite]

Hey big difference, China doesn't care. You die its because you were weak.

Phht.

Meanwhile... we've gotten to dam' LAZY to do our OWN dyin'.

Outsourced "weak". to the DNC's Sandalistas', Bidenista's and other exponential cluster-f**k fools..

Go figure.

Kinda like adopting truant kids 'coz we've grown too lazy to f**k?

???

 

[kustomizingkid]

Phht.

Meanwhile... we've gotten to dam' LAZY to do our OWN dyin'.

Outsourced "weak". to the DNC's Sandalistas', Bidenista's and other exponential cluster-f**k fools..

Go figure.

Kinda like adopting truant kids 'coz we've grown too lazy to f**k?

???

You know these threads annoy me most because you are likely the #1 actual expert on the subject here.

 

[thermite]

You know these threads annoy me most because you are likely the #1 actual expert on the subject here.

"Real" Chinese... over a billion human beings.. are not as different from "real" North Americans as idjut-parrots such as SeaMoss/Godfart would have you believe they are.

They want a better life, better food, a nicer - or at least more spacious - place to live, and decent leisure, travel, and education for themselves and their kids. They are accustomed to working for all of that. Working hard. Working smart. Working long. No "free lunch" for it.

They have tolerated a government, even firmly supported it in times when that was not easy.. because they are, after all, very much better-off than their parents and grandparents. So long as ....it doesn't f**k-up all that badly? They are 'good with that'.

That isn't remotely the same thing as robotic blind obedience. Nor is their patience infinite.

"Do business with China"?

One doesn't really. Not any more than one does business with "Canada" or even tiny Iceland. Not as if a whole country was a commercial singularity.

One deals with a business enterprise ... locally owned and run. Or so we think it is. Their case, by a Chinese "extended family", more often that not.

Should be no surprise those enterprises differ, one from another?
Where have we seen THAT before? Human history, EVERYWHERE, do yah?

We have had one revolution. One civil war.
China has had about a dozen. Some messier than others.
I'm not even up for giving odds which of us runs their NEXT one first.

Overdue. Both sides of the Pacific, actually.

See also Europe? The historical singularity of the "Pax Americana" exits the building? Waddyah THINK that lot reverts to?

De-worming is SUCH a messy bizness!

 

[lucky7]

^^^ Yup. And surprisingly cogent..

Only thing I’d add, is in China, your business partner is more likely to have government eyes and fingers on the deal, if not actually be the government, than in America.

Certainly don’t expect to be treated fairly by China or the US.

L7

 

[EmGo]

surprisingly cogent ...

Yes, well, beauty is in the eye ...

Only thing I’d add, is in China, your business partner is more likely to have government eyes and fingers on the deal, if not actually be the government, than in America.

Certainly don’t expect to be treated fairly by China or the US.

So, Mr Lucky sir, could you please expand upon your experiences in this area so we can judge how to take your observations ?

 

[thermite]

^^^ Yup. And surprisingly cogent..

Only thing I’d add, is in China, your business partner is more likely to have government eyes and fingers on the deal, if not actually be the government, than in America.

Certainly don’t expect to be treated fairly by China or the US.

L7

ROFL! There is some sort of place where one IS "treated fairly"? Missed MY notice!

Surely it ain't Just-in-Play-Doh's Canukistan, either?

Near as I can tell, all that twat did was exhibit stoopid at an earlier age that Beijing's Claster-F**k Joe Buyed-In & Company!

"AOC" better watch herazz... Some figure Just-in is 'prettier'! for much the same ration of noisy Hooverment-vacuum.