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

To: ggersh who wrote (199438)	6/12/2023 10:08:09 AM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 217574

Saudi must have run out of American flags!

To: ggersh who wrote (199438)	6/12/2023 10:28:39 AM
From: Julius Wong	1 Recommendation Recommended By marcher Read Replies (1) \| Respond to of 217574

Can Blinken see what's happening here? Blinken in deep thinking.

To: ggersh who wrote (199438)	6/12/2023 9:00:15 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217574

Blinken forgot to pack flag to attend the BYOF party either that or all the China sanctions have resulted in dislocated supply chain links for flags, especially those made of Xinjiang cotton my guess is that the Ukraine reconstruction shall require much from Xinjiang ala solar everything I had always reckoned that China shall achieve 35-36% of global GDP by growing, but did not consider the possibility that the west would de-industrialize. In such event as now unfurled, China might overshoot to 50% of global GDP before settling at 45% steady-state. Let's watch & brief ft.com RWE says US ban on imports from Xinjiang threatens solar ambitions Germany’s biggest utility warns green energy projects are suffering delays but group supports the US legislation RWE said the import of solar modules from Asia was now subject to ‘stringent checks’ after Washington enacted a ban on all imports from Xinjiang © Ina Fassbender/AFP/Getty Images Germany’s biggest utility has warned that a US ban on imports from China’s Xinjiang region could “significantly hinder plans to build a green energy infrastructure”. RWE said on Tuesday that the import of solar modules from Asia was now subject to “stringent checks” after Washington last year enacted a ban on all imports from the Chinese region where there have been allegations of human rights violations. Germany’s largest power producer, which has expanded aggressively into renewable energy, including in the US, said it had suffered “considerable project delays” as a result of what it called the time-consuming reviews of solar module deliveries. The company describes itself as the fourth-largest renewable energy player in the US and the second largest owner-operator of solar farms in the country. “State-imposed restrictions on cross-border trade could also significantly hinder plans to build a green energy infrastructure,” the company said in its annual report. “We see an elevated risk of this being the case in the USA.” It added: “If the USA continues to impede the procurement of solar panels, then it is possible that our photovoltaic expansion initiatives could fall behind schedule.” At a press conference to announce RWE’s full-year results, chief executive Markus Krebber said that the company was not advocating that the US legislation, known as the Uyghur Forced Labor Prevention Act, be unwound. Mark Noyes, head of RWE’s US-based clean energy division, added: “We certainly are supportive of the checks as the materials come through US customs. Those checks are critical to making sure what enters the US or any shore [is] manufactured and sourced from ethical positions.” The solution, Krebber said, was to beef up solar supply chains in the US and Europe. “The right conclusion if we now need [significantly] more solar panels, turbines cables whatever — cannot be to water down the standards?.?.?.?We need now to ramp up the European supply chain as the US is ramping up their supply chain.” In a subsequent statement to the Financial Times, the company said that, while it supported the US ban, it considered the procedure to certify that components do not originate from Xinjiang as “too lengthy” adding that it led to “risks of bottlenecks in the supply chain and resulting project delays”. The north-western region of Xinjiang has been an important global hub for the production of goods from cotton to silica-based products that are used in solar panel modules. Business lobby groups had warned that the Uyghur Forced Labor Prevention Act, signed into law by President Joe Biden in 2021, would pose a significant compliance challenge for western businesses operating in China because of the difficulties in conducting supply chain audits. RWE’s remarks make it one of the only western companies to publicly voice concerns about the effects of legislation designed to pressure Beijing over Xinjiang. The UN has warned that crimes against humanity may be taking place against interned Muslim Uyghur and other minorities in the region. China denies the claims. The delays suffered by RWE also underline the tension between the Biden administration’s ambitions to boost renewable energy production and its efforts to upbraid China. The EU also faces a similar dilemma. In Germany, a new supply chain law came into force at the start of this year that requires companies with more than 3,000 workers to implement systems to check whether or not their suppliers are abusing human rights. RWE’s intervention came as the company reported better than expected earnings before interest, taxes, depreciation and amortisation of €6.3bn for last year. The group pledged to raise its dividend in 2023 and scale up its investments in renewables. Additional reporting by Andy Bounds in Brussels and Yuan Yang in London

To: ggersh who wrote (199438)	6/12/2023 9:35:54 PM
From: TobagoJack	2 Recommendations Recommended By ggersh Pogeu Mahone Read Replies (1) \| Respond to of 217574

Re <<Can Blinken see what's happening here?>> ... it shall prove expensive to concurrently ... (and I make no mention of names, because such unnecessary) (i) de-globalise, on-shore / re-shore (ii) bail out financial blackholes (iii) bombing (iv) new wars to get bogged down in (v) make more expensive by supply-chain radical surgery (vi) knee-cap friends, and hobble allies (vii) weapon systems that do not work and cost too much (viii) governance system that is dysfunctional (xi) go woke / go broke (x) lecture lecture lecture especially when competing with outfit that pitches (i) longterm planning (ii) scientific execution (iii) green everything (iv) inclusive everybody (v) common prosperity (vi) keep building (vii) hypersonic-shielding (viii) reach for the cosmos (ix) family values and traditional teachings (x) everyone minding own "make own nation great" protocol ... looking like MBS is not paying attention, as if he has something else on his mind, stuff that likely be more important than dealing with lecturer Blinken zerohedge.com Saudi Arabia, China Ink $10 Billion In Investment Deals BY TYLER DURDEN TUESDAY, JUN 13, 2023 - 07:00 AM Via The Cradle, Saudi Arabia’s Ministry of Investment signed $10 billion worth of investment agreements with Chinese companies on June 11, the first day of the 10th Arab-China Business Conference in Riyadh. The deals include a $5.6 billion agreement with Chinese electric car maker Human Horizons for automotive research, development, manufacturing, and sales of luxury electric vehicles. Other investment agreements span sectors such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare, according to the Saudi Press Agency (SPA). Via AFPSaudi Foreign Minister Faisal bin Farhan said in a speech at the conference that China remains the largest trading partner of Arab countries, with the volume of trade exchange reaching $430 billion in 2022, up 31 percent from the previous year. The kingdom makes up 25 percent of this volume. According to Bin Farhan, 2022, trade between Riyadh and Beijing reached $106.1 billion. The Saudi official stressed that Chinese President Xi Jinping’s visit to Riyadh in December 2022 "further strengthened political, economic, investment and trade ties between the two friendly countries." Several agreements worth more than $50 billion were signed during Xi’s visit, which coincided with the launch of the first China-Arab States Summit and China-Gulf Cooperation Council (GCC) Summit. In response to growing discontent over historically lopsided ties between Arab states and the US, China has made significant diplomatic and economic inroads across West Asia. In March, Saudi Aramco – the world’s biggest crude exporter – agreed to acquire a 10 percent interest in Chinese producer Rongsheng Petrochemical for $3.6 billion. Under the deal, Aramco would supply 480,000 barrels per day (bpd) of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and Chemical Co Ltd (ZPC) under a long-term sales agreement. Aramco is also building a 300,000 bpd refining and ethylene-based steam cracking complex in China’s Panjin City with Chinese partners Norinco Group and Panjin Xincheng Industrial Group (PXIG). Beijing is also responsible for securing a landmark rapprochement deal between Saudi Arabia and Iran, which also led to the restoration of ties between the kingdom and Syria. For a decade, US and European officials have been concerned about China's deepening partnership with Iran. But those concerns have been very overblown. Consider that this single deal with Saudi Arabia is larger than the entire Chinese FDI stock in Iran.https://t.co/7lwJTXG4JY — Esfandyar Batmanghelidj (@yarbatman) June 12, 2023