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

To: Snowshoe who wrote (175399)	7/25/2021 10:47:18 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217573

Re << Very sad...... >> Key questions, is weather everywhere all ‘transitory’? And for how long? And if not transitory or for very long time, then real estate prices in a lot of domains around the planet must be correctly re-priced, tech centers must be properly relocated, electricity grids re-configured, etc etc and etc All requiring fiat money inflation to sustain the current workers to make happen the needed changes, at expense of no-longer workers who are excess baggage, and consign no-longer workers to mercy of false capital-gains whilst leaving the new working savers to equally transitory inflation. None of it any good, if for nothing but the hyper-disruption. In the meantime, whilst talking disruption, merciless pile-on happening, resulting in cancelled capital gains Am thankful not staked in below race. Team USA are pikers when it comes to making corporates right their wrongs. Parents and kids should be happy, whatever the socio-economic strata, and same again for tutors. The capitalist hijackers of education get nailed, for the Greater-Good. Drama. The “worst-case became a reality,” JPMorgan Chase & Co. analysts including DS Kim wrote in a note dated Saturday, saying it was uncertain whether the companies could remain listed under the new regime. “It’s unclear what level of restructuring the companies should undergo with a new regime and, in our view, this makes these stocks virtually un-investable.” bloomberg.com Chinese Tutoring Firms Extend Plunge as Beijing Cracks Down Jeanny Yu July 26, 2021, 10:33 AM GMT+8 A selloff in Chinese private education companies deepened on Monday after Beijing announced a sweeping overhaul that threatens to up-end the $100 billion sector and jeopardize billions of dollars in foreign investment. New Oriental Education & Technology Group Inc. plunged as much as 40%, extending Friday’s record 41% fall and after its U.S. traded shares dropped 54%. It warned in a Monday stock exchange filing that the regulations will have a material adverse impact on the company. Koolearn Technology Holding Ltd.tumbled as much as 35%, the biggest drag on the Hang Seng Tech Index, which fell 4% to its lowest since September 2020. China Maple Leaf Educational Systems Ltd. dropped 16%. Chinese regulators on Saturday published reforms that will fundamentally alter the business model of private firms teaching the school curriculum, as Beijing aims to overhaul a sector it says has been “hijacked by capital.” The new regulations ban firms that teach school curriculums from making profits, raising capital or going public. Friday was already a bloodbath for the sector in both Hong Kong and the U.S., after a document on curbing tutoring firms from going public circulated on social media. The “worst-case became a reality,” JPMorgan Chase & Co. analysts including DS Kim wrote in a note dated Saturday, saying it was uncertain whether the companies could remain listed under the new regime. “It’s unclear what level of restructuring the companies should undergo with a new regime and, in our view, this makes these stocks virtually un-investable.” Worst Case Emerging for China Tutors After Overhaul: Street Wrap Elsewhere the Hang Seng China Enterprises Index slumped as much as 3.2%. The gauge was poised for its lowest since October, as investors continue to price in the risks of China’s crackdowns on industries from tech to real estate and education firms. Companies that teach school subjects can no longer accept overseas investment, which could include capital from the offshore registered entities of Chinese firms, according to a notice released by the State Council. Those now in violation of that rule must take steps to rectify the situation, the country’s most powerful administrative authority said, without elaborating. In addition, listed firms will no longer be allowed to raise capital via stock markets to invest in businesses that teach classroom subjects. Outright acquisitions are forbidden. All vacation and weekend tutoring related to the school syllabus is now off-limits. “Curriculum tutoring firms should remodel their businesses or even switch to a different industry as soon as possible,” said Jiang Ya, an analyst with Citic Securities Ltd. “These measures are just the beginning and there is potentially an abundance of follow-up policies and continued tight regulation.” Education technology had emerged as one of the hottest investment plays in China in recent years, attracting billions from the likes of Tiger Global Management, Temasek Holdings Pte and SoftBank Group Corp. New Oriental and TAL Education Group may incur losses that exceed downside-case scenarios if both tutoring companies halve student fees to meet Beijing’s guidelines, said Bloomberg Intelligence analyst Catherine Lim in a note. There are more than 20 education companies that are listed in Hong Kong with a combined market cap of HK$187 billion ($24 billion) after Friday’s drop. Short selling volume of the biggest education firm, New Oriental Education, surged by more than 8,000% on Friday, data compiled by Bloomberg shows. — With assistance by April Ma (Updates throughout) Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Snowshoe who wrote (175399)

7/26/2021 12:50:32 AM

From: TobagoJack

Read Replies (1) | Respond to of 217573

Meeting going about as expected, going forward should be eventful
bloomberg.com

China Says U.S. Ties in Stalemate at Start of Tianjin Meeting

26 July 2021, 11:10 GMT+8
China lashed out at U.S. policies in a tense start to high-level talks in Tianjin, declaring the relationship between the world’s two largest economies in a “stalemate.”

Vice Foreign Minister Xie Feng told visiting Deputy Secretary of State Wendy Sherman that some Americans seek to portray China as an “imagined enemy,” according to accounts released by the Foreign Ministry as talks got underway. Still, Xie said Beijing was willing to seek common ground and deal with the U.S. on an equal footing.

“The China-U.S. relationship is now in a stalemate and faces serious difficulties,” Xie said, according to the ministry. “The Chinese people look at things with eyes wide open. They see the competitive, collaborative and adversarial rhetoric as a thinly veiled attempt to contain and suppress China.”

Those comments marked a rebuke of phrasing used by Secretary of State Antony Blinken, who said in March that Washington’s dealings with Beijing were the defining test of the century. The challenge facing Washington and Beijing with these meeting is showing they can get to grips with their disagreements without appearing to domestic audiences that they are giving ground.

The U.S.’s No. 2 diplomat was slated to meet later Monday with Chinese Foreign Minister Wang Yi. The talks in the Tianjin, about 60 miles east of the capital Beijing, represent the highest-level face-to-face meeting between the two sides since an acrimonious exchange in March in Alaska. If they are fruitful, they could set up a meeting between Presidents Joe Biden and Xi Jinping, possibly at a Group of 20 summit in October.

The U.S. had has not yet released its account of the Xie-Sherman meeting.

The visit follows a series of Biden administration actions challenging China’s red lines on what it considers its internal affairs, prompting Beijing to protest and announce fresh sanctions against Americans including former Commerce Secretary Wilbur Ross.

Sherman intends to raise concerns about human rights in places such as Hong Kong and Xinjiang while seeking to reassure Beijing that the U.S. isn’t building an anti-China coalition, senior administration officials told reporters Saturday. High-level engagement is needed to ensure responsible management of U.S.-China ties and cooperation on issues of common interest, such as climate change, said the officials, who asked not to be identified because the meeting’s agenda hasn’t been made public.

Sherman’s trip is part of a broad U.S. diplomatic push in the region, as Biden attempts to extract American forces from Afghanistan and bolster Washington’s frayed foreign relationships to better answer the challenges posed by China’s rise. Blinken is slated to visit India this week while Secretary of Defense Lloyd Austin is traveling to Singapore, Vietnam and the Philippines.

Read more:

Wall Street’s China Dreams Get Jolt From U.S. Hong Kong Warning
U.S. Envoy Discusses Taiwan in Tokyo, Prompting Chinese Anger
How Diplomatic Snubs Highlight Frayed China-U.S. Ties: QuickTake

In Tokyo last week, Sherman along with her Japanese and South Korean counterparts discussed preserving peace in the Taiwan Strait, a reference to China’s military pressure campaign against the democratically ruled island. The statement prompted protests from China, with Zhao saying the U.S. and Japan are “stuck in the Cold War mentality” and deliberately seeking bloc confrontation and attempting to form an “anti-China encirclement.”

Separately, the U.S. and numerous allies blamed the Microsoft Exchange hack to actors affiliated with the Chinese government and said Beijing’s leadership was responsible for an array of “malicious cyber activities.” The U.S. also charged four Chinese nationals linked to the Ministry of State Security with a campaign to hack into computer systems of companies, universities and government entities.

China and the U.S. are also at odds over the coronavirus. The White House said on Thursday China was “ stonewalling” a World Health Organization probe into the origins of SARS-CoV-2, including the possibility it escaped from a lab. Chinese officials said earlier that day there was no evidence for the theory the virus leaked from a facility in Wuhan, the city where it was first observed in humans, and that no further resources should be put into such a probe.

— With assistance by Colum Murphy, and Jing Li

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