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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (136641)	11/10/2017 12:42:49 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217835

What you meant to say is, China just signed a flurry of deals with itself for one Chinese State-Owned Enterprise to repair and overhaul the jet engines owned by another Chinese State-Owned Enterprise Airline. The deal is worth what ever fantasy number government-accountants in China say it's worth. The Real Details: GE sold jet engines to a Chinese airline, Juneyao Airlines based in Shanghai, which is a State-Owned Enterprise with some public shares. As part of any jet engine sale, government-owned airlines, like Saudi Arabia as an example, usually specify that later repair and overhaul work has to be done locally in their country. That's fine by GE or Rolls Royce as the local has to buy genuine parts or the warranty is voided. If the locals do crap work, that's a problem for the airline, not GE or Rolls Royce. And it's the airline paying the bill for the overhaul work, not GE or Rolls Royce. If the engines get damaged prematurely, the engines are owned by the Chinese government leasing company and one of the three Chinese SOEs will take the loss and they can buy another engine from GE. With the Chinese government ladling out government funds for a Belt-Road-and-Suspenders energy festival, GE is of course ready and available to sell China what ever trinkets might be needed from the GE catalogue.

To: TobagoJack who wrote (136641)	11/10/2017 1:30:37 AM
From: John Pitera	1 Recommendation Recommended By bart13 Read Replies (1) \| Respond to of 217835

China's Big Bang Moment Opens Banks, Brokers to Foreign Control *(This is the single biggest fundamental News story of 2017----- mark my word .... wait and watch in 18* *months)* (the Big Bang in Australia in 1985 that I was there for saw the currency float, initially go up, then collapse over 50% in just 3 or 4 months..... and got them a massively inverted yield curve..... but with China entering the Major leagues Globally.... It will rout out the mountains of stale debt that is holding back there economy...JJP, It's also going to create a major boom for banking and financial service jobs and the global banks will have to send all sorts of executives over to help build up local teams.... especially in the capital market operations, derivatives. origination.... make price discovery much more open and transparent and will ultimately make the system so much stronger...and some fortunes will be made on the volatility and Macro moves to get China in line with other major global free market economies.... this is a huge score for DJT and for the world as a whole. warning their may be an episode of two of some tough medicine we have to go through with risk assets but... that is capitalism..... my readers.) Bloomberg News November 9, 2017, 11:27 PM EST Updated on November 10, 2017, 12:02 AM EST China took a major step toward the long-awaited opening of its financial system, *removing foreign ownership limits on its banks and asset-management companies,* and allowing overseas firms to take majority stakes in local securities ventures and insurers. Regulators are drafting detailed rules, which will be released soon, Vice Finance Minister Zhu Guangyao said at a briefing in Beijing on Friday. Foreign firms will be allowed to own up to 51 percent in securities ventures and life-insurance companies, caps that will be removed gradually over time, he said. China’s steps look poised to end years of frustration for foreign banks, who have long been marginal players in Asia’s largest economy. The announcement could be seen as a major win for U.S. President Donald Trump, whose first official visit to China was followed by a string of Sino-U.S. deals. “This is a milestone in China’s progress of opening up its economy,” said Larry Hu, head of China economics at Macquarie Securities Ltd. in Hong Kong. Announcing this during Trump’s visit shows the world that *“China and the U.S. are in a business and trade cooperation rather than confrontation*,” Hu said. On Thursday, China’s Foreign Ministry foreshadowed the latest moves, with a statement saying that entry barriers to sectors such as banking, insurance, securities and funds will be “substantially” eased. Those comments came following a meeting between Trump and his counterpart Xi Jinping. Read more: The Hurdles Facing Global Firms as China Opens Financial Sector The moves would be encouraging to foreign banks, asset managers and insurers, who have long been kept on the margins in China, the world’s second-largest economy, by various barriers. Global banks are currently limited to owning 49 percent of local securities joint ventures, frustrating their attempts to compete effectively with Chinese rivals. That cap was behind JPMorgan Chase & Co.’s move to exit its China venture, as it sought a new structure that would give it more say in decision making. China has already taken steps to gradually open up its $40 trillion financial sector, including allowing foreign investors greater access to its equities and debt markets through trading links with Hong Kong. The People’s Bank of China was drafting a package of reforms which would give foreign investors greater access to the financial services industry, people familiar with the matter told Bloomberg in September. — With assistance by Alfred Liu, and Xiaoqing Pi bloomberg.com

To: TobagoJack who wrote (136641)	11/10/2017 8:36:04 AM
From: bart13	Read Replies (1) \| Respond to of 217835

No question that lots of other countries have also caught the MIC disease with much of the associated drama and being caught in the historical cycles, I was just observing that "China's military spending and achievements are not exactly increasing slowly." Whether all the countries (plus China and the US) you noted are being wise or not remains to be determined. I still think that the US nuclear karma means that one or more mushroom clouds will likely occur on the US mainland. :(