China - the next superpower

[Fwiffo]

Chinese stocks are far outperforming U.S. equities this year – and it’s mostly thanks to this one trend

AI-driven rally in tech stocks has exerted an enormous influence on broad market indexes in China, as it has in the United States

www.theglobeandmail.com

"The AI-driven rally in tech stocks has exerted an enormous influence on broad market indexes in China, as it has in the United States. The MSCI China Index, which tracks the country’s largest companies, has notched gains for five consecutive months. The index is up more than 40 per cent this year, greatly outpacing a similar index for U.S. stocks, which is up about 15 per cent.

The Chinese index has become dominated by tech companies, with Tencent, Alibaba and Xiaomi, the three largest components, accounting for about 30 per cent of the benchmark."

 

[Fwiffo]

China and Japan in escalating spat over Taiwan: What to know

Japanese PM Sanae Takaichi had suggested Tokyo could take military action if Beijing attacked Taiwan.

www.bbc.com

We care about what's ours and what's next to ours...

 

[Fwiffo]

China announces record trade surplus despite Trump tariffs

Beijing reported the largest-ever trade surplus at $1.19tn as China diversified its trade.

www.bbc.com

Not good for the President to be negotiating from a position of weakness this year…

 

[Fwiffo]

Zhang Youxia: Purge of China's top general leaves military in crisis

Zhang Youxia had been seen as a close ally of China's leader, Xi Jinping.

www.bbc.com

"He was also one of only a handful of senior officers in the PLA with combat experience, making his loss significant for the military".

If your combat hardened leadership means continued employment of a 75 year old I would say you are in trouble. It's like appointing von Hindenburg for his yesteryear war prowess.

 

[Fwiffo]

China is becoming a green superpower as Trump retreats from climate goals - BBC News

How the world's biggest carbon emitter is now at the helm of a renewables revolution.

www.bbc.co.uk

China. The only one who can reverse desertification.

 

[Fwiffo]

China controls a metal that’s key for the Iran war, sending the U.S. on a global hunt for more

Replenishing the advanced weapons the U.S. is using in Iran will require large amounts of tungsten, a powerful metal whose production and refining is dominated by Beijing.

www.nbcnews.com

What’s more concerning is one shooting war used up a country’s supply of tungsten.