Chinese tech giant Tencent pledges an additional $7.7 billion to help “wealth redistribution”

https://www.bloomberg.com/news/articles/2021-08-19/tencent-doubles-social-aid-to-15-billion-as-scrutiny-grows “The company on Wednesday announced it will give 50 billion yuan ($7.7 billion) to aid the government’s wealth redistribution efforts, adding to an April pledge of 50 billion yuan for a “sustainable social values” program. The new funds will …

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The Chinese economy continues to slow

by Shaun Richards The world can be a contradictory place. On the one hand China is likely to be having a wry smile at the failures of the western capitalist imperialists in the unfolding Afghanistan disaster. On the other it …

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A historic collapse in Chinese Equities. Traders are dumping everything – fearing “nothing is safe”. A matter of time before it spills over into the US market?

https://twitter.com/MacroCharts/status/1419975860094971906 https://twitter.com/MFHoz/status/1419760924521603072 I'm on the inflation side but this chart concerns me. A yuan devaluation is one of the main deflationary risks today. I know you heard this over and over again… but something is indeed unraveling. Chinese banks and …

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Chinese Communist Party On Brink Of Total Collapse

National Security Correspondent at Washington Times, Bill Gertz, appeared on Steve Bannon’s War Room Tuesday morning where he exposed what the corrupt Chinese Communist Party is hiding. They’re attempting to make themselves look powerful and strong when they’re weak and …

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