Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Snowshoe who wrote (164064)	10/22/2020 4:07:39 AM
From: TobagoJack	Respond to of 217789

untidy now anyone knowing the details about the bank account, whether by way of hacking huawei cellular network or by simply asking, van deposit money unexplained into the account and start investigation premised on any number of no-no's very sloppy grand jury subpoena time hongkongfp.com Trump records reveal Chinese business pursuits and bank account – NYT by AFP 08:03, 21 OCTOBER 2020 Print More by AFP Donald Trump spent years cultivating business projects in China, where he maintained a previously unknown bank account, The New York Times reported Tuesday, as the US president attempts to portray election rival Joe Biden as weaker on Beijing. Trump has spent recent days promoting a murky claim that Biden’s son Hunter sold access to his father in Ukraine and China when he was vice president under Barack Obama. Donald Trump. Photo: Tia Dufour/White House, via Flickr. It is Trump, however, who maintained an office in China during his first run for president, and partnered with a major government-controlled company, the Times reported. Trump additionally keeps a previously unknown bank account in China, controlled by Trump International Hotels Management, according to an analysis of his tax records by the paper. It is one of only three foreign nations — including Britain and Ireland — in which he does so. The tax records show the company “paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015,” the Times reported. Trump Organization lawyer Alan Garten said the company had “opened an account with a Chinese bank having offices in the United States in order to pay the local taxes.” Donald Trump. Photo: The White House, via Flickr. “No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive,” he told The Times. “Though the bank account remains open, it has never been used for any other purpose.” Under his “America First” banner, Trump has portrayed China as the greatest threat to the United States and global democracy. He has launched a massive trade war that has cost China billions of dollars, harangued Chinese tech firms and laid blame for the coronavirus pandemic with Beijing. Even so, in 2008 Trump attempted an ultimately unsuccessful office tower project in Guangzhou, and in 2012 he opened a Shanghai office, the Times said. Additionally, Trump Hotel Collection (THC) negotiated with the State Grid Corporation of China — an electricity company, and the country’s largest state-owned enterprise — to brand and manage a major development in Beijing, sources told AFP. But the bid was later abandoned. Biden’s income tax returns and financial dealings meanwhile show no business connection to China

To: Snowshoe who wrote (164064)

10/22/2020 5:03:02 AM

From: TobagoJack

Read Replies (2) | Respond to of 217789

Am sure even a Biden presidency must carefully deliberate on the merit of Pebble given its mineral goodies :0)

Team America needs to dig a agin, else future beholden elsewhere as resource nationalism takes hold per MAGA becoming global meme, for the Trump sounded the gun of Firstism

Rhenium, I have no clue what it is good for, if good for anything at all, but gold is good for everything, from monetary-reset to condiment in champagne.

Speaking of which, the champagne nation's union is getting antsy about importing EVs from China even if made by French companies, without nodding to the truth that EVs are a lot easier to produce going forward than would carbon cars, because 40% of the value is in the batteries, and the rest just new fangled versions of very old technologies and assemblies, motors and door handles, all of it available and plenty in China

Software? Better and cheaper in China too.

Easy to say wish to cut off Huawei 5G. Harder to say no to China EVs. At least for the consumer who has to for over Euros, unless UBI takes care of the details.

Am guessing that given French socialist distaste for capitalism, we can write off French auto industry for good, soon.

scmp.com

and should it all go as it could, TSLA toast

in the same sense, there has been a changing of guard, and I note the so-called Hong Kong export is of course not actually Hong Kong, and together, something about returning to natural size, per 2026 / 2032 protocol. Currently Team USA is trying to trip up the inevitable, as opposed to actually competing. Doubtful it would work except to waste own time.

Team China loves capitalism, but Team France seems want to destroy capitalism through socialism.

bloomberg.com

Renault’s Made-in-China Electric SUV Stirs Labor Unrest at Home

Tara Patel
22 October 2020, 15:30 GMT+8

Renault will make the Spring at the plant it runs jointly with Dongfeng Motor Group Co. and alliance partner Nissan Motor Co. in the city of Shiyan.

Photographer: Benjamin Girette/Bloomberg
LISTEN TO ARTICLE
Renault SA unions are raising hackles about the French carmaker producing a new electric mini-SUV in China and selling it in Europe, a clash that could become more common given how many companies have similar plans.

Labor groups are assailing Renault for exporting the Dacia Spring -- a small crossover the automaker bills as Europe’s cheapest electric vehicle -- to Europe from a plant in central China’s Hubei province. Workers have been on edgeabout a jobs-cutting plan the company announced just before it secured a state-backed loan in June.

“We are fundamentally opposed to making the Spring in China,” said Frank Daoust, a spokesman for the CFDT union. “This isn’t in keeping with government support for the car industry and jobs in France.”

The complaints may become more common. Automakers are planning a wave of similar exports, many of them EVs. The models include BMW AG’s iX3, which recently started production in Shenyang and Tesla Inc.’s Model 3 built near Shanghai. Several brands plan to base the manufacturing of their entire lineups in China, including Daimler AG’s Smart and Volvo Car Group’s Polestar and Lynk & Co, all three of which are jointly owned by Zhejiang Geely Holding Group.

Renault’s plan is particularly tricky for political reasons. The company has drawn a small portion from the 5 billion-euro ($5.9 billion) loan that France backed earlier this year, and President Emmanuel Macron only made government funds available after the carmaker agreed to consult with unions on plans for two underutilized factories at home.

Read more:

Renault Bolsters Electric-Car Lineup After Squandering Lead Polestar Sees ‘Dieselgate’ Risks for Electric-Car Industry Renault Aims to Turn $80,000 Sports-Car Line Into a Mini Ferrari

The FO labor union, which also represents Renault workers, called for the carmaker to stick to its goal to make France a global center of excellence for electric cars. The union said the Spring’s carbon footprint will be “disastrous” because of the emissions involved transporting the model to Europe from China.

“It’s inconceivable and irresponsible to make them anywhere but France,” the labor group said in a statement.

The Renault Megane eVision

Photographer: Benjamin Girette/Bloomberg

Renault will make the Spring at the plant it runs jointly with Dongfeng Motor Group Co. and alliance partner Nissan Motor Co. in the city of Shiyan, where the electric Renault City K-ZE is produced. Chief Executive Officer Luca de Meo unveiled the Dacia model last week along with the more upscale Megane eVision planned for 2022. Renault will build that EV at its Douai plant in northern France.

Before Renault closed the books on a record first-half loss, Chairman Jean-Dominique Senard warned French lawmakers of the threat China’s exports of electric cars posed. “We are going to face ferocious competition from within and outside Europe,” Senard said in June. “We have to turn around quickly to be able to counter these new entrants.”

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE