Business Blog

What happened when Western Accounting and Auditing Firms shared China’s companies confidential information with US’s NSA, CIA & Military Intelligence? PwC reportedly to lay off half of auditors in China 當西方會計和審計公司與美國國家安全局、中央情報局和軍事情報機構分享中國公司機密資訊時，中國公司還敢用他們嗎? 據報道，普華永道因失去大量中國業務而將解僱一半中國審計師.

Video: Homemade Seafood Dinner 在家自製海鮮晚餐 July 18 2024
https://rumble.com/v57iyrp-homemade-seafood-dinner.html
https://www.tiktok.com/t/ZPRoNS2fp/

Video: China’s Economic Prospects and Global Impact, future growth engines next 30 years is Asia, they are China, India and Indonesia, NOT US CANADA or EU, smarts people need to think Asia – Dr Keyu Jin, Keynote Speech 中國的經濟前景和全球影響，亞洲是未來三十年全球的成長引擎，它們是中國、印度和印度尼西亞，而不是美國、加拿大或歐盟，聰明人需要思考亞洲 – 金刻羽博士主題演講

https://rumble.com/v57iwdp-chinas-economic-prospects-and-global-impact-future-growth-engines.html
https://www.tiktok.com/t/ZPRoNR51p/

HONG KONG, 11 July 2024 – Dr Keyu Jin delivers the opening keynote speech for the virtual conference ‘China’s Economic Prospects and Global Impact’, organised by the Global Institute For Tomorrow (GIFT). A tenured professor at the London School of Economics & Political Science (LSE), as well as the esteemed author of ‘The New China Playbook’, Dr Jin speaks about the rapid rise of China, and subsequently, its recent downturn and potential ramifications for the world economy.

The conference invited internationally-renowned economists and speakers Dr Keyu Jin, Professor Shenglin Ben, Dr Horst Löchel, Dr Erik Berglöf, Professor Amal Nagah Elbeshbishi, Ms. Christine Susanna Tjhin, Dr Edward Tse, and Dr Srikanth Kondapalli, to draw analyses and insights of China’s economic transformation, and its global implications.

香港，2024 年 7 月 11 日 – 金刻宇博士為全球明日研究所 (GIFT) 主辦的「中國經濟前景與全球影響」虛擬會議發表開幕主題演講。金博士是倫敦政治經濟學院 (LSE) 的終身教授，也是《新中國劇本》的受人尊敬的作者，他談到了中國的快速崛起以及隨後的經濟衰退及其對經濟的潛在影響。

會議邀請了國際知名經濟學家和演講者金克羽博士、本勝林教授、Horst Löchel博士、Erik Berglöf博士、Amal Nagah Elbeshbishi教授、Christine Susanna Tjhin女士、Edward Tse博士和Srikanth Kondapalli博士進行分析和見解中國經濟轉型及其全球影響.

I think JD Vance marginally better than Biden. ‘I don’t like China:’ What JD Vance has said about Beijing | Nation/World 我認為 JD 萬斯比拜登稍好。 「我不喜歡中國：」JD Vance 對北京的評價 |國家/世界

https://www.bloomberg.com/news/articles/2024-07-17/-i-don-t-like-china-what-jd-vance-has-said-about-beijing

I do agree that it’s absurd to blame China for everything, in particular “stealing jobs”. A job is not property you own. What you own is your own labor power, not the job it is applied to.

If that’s the case, how do you steal a job?

Do it better and cheaper? That’s not stealing, in mainstream thinking, that’s called capitalism–capitalist market competition–and it’s supposed to be the virtue of capitalism: competition driving goods cheaper.

So is he saying that Capitalism is theft?

Which it is, but not because of competition between workers “stealing jobs from each other”, but because the ruling capitalist class steals value from the workers.

Remember, Biden’s current policy is that of Kurt Campbell, Blinken, Sullivan & the China hawk CNAS crew. They want war. Kinetic war. And they are trying to provoke it ASAP.

Trump has said, for what it’s worth, he would not defend Taiwan, and that it’s not our business. He doesn’t care about them. He just wants money from them.

Vance in his VP acceptance speech, did say that he would “stop the CCP building their middle class on the backs of American citizens…no more free rides”, and that “we were flooded with Chinese goods”, but I thought it was interesting that he laid the blame on Joe Biden–“Thanks to these policies that Joe Biden and other out-of-touch politicians gave us”–and”corrupt washington insiders”– “the American ruling class wrote the checks”.

Likewise, when he says “China and the Cartels sent Fentanyl”, he says it was “done with Wall Street”.

I don’t know if it’s because he
a) knows the population don’t believe that the Chinese are responsible, but he still has to throw red meat to the China hawks
b) believes that the ruling class are responsible, but wants to soften his critique by blaming China in the mix.

I see his critique of China not as “China did this to us” (which is the Biden administration’s position”, but that “China did this in collusion with Biden”, or “Biden gave the Chinese permission to do this to us”. This distributes the target back to the Dems. That allows for some triangulated possibilities.

Because his “China bad” position is tied to “Out of Ukraine”, it creates friction with the hawks.

Likewise, Trump wants to dismantle NATO, at least that seems to be what NATO thinks. These frictions could slow down the acceleration to war. And even if they don’t, the cut-and-run is demoralizing for the proxies who have to do the real fighting, and it signals US weakness to the rest of the world: since when did the US have to penny-pinch when it comes to war? If you have to count your pennies and pick your battles, i.e. rob-peter-to-pay-paul, maybe you shouldn’t go to war at all.

Video: US allies warn of “diplomatic crisis” as American officials demand new curbs in China chip battle 美國官員要求對中國晶片戰採取新限制，美國盟友警告“外交危機”

https://rumble.com/v57icll-us-allies-warn-of-diplomatic-crisis.html
https://www.tiktok.com/t/ZPRoLgkgx/
https://www.bloomberg.com/news/articles/2024-07-17/tokyo-electron-leads-japan-tech-selloff-on-china-chip-curb-fears
https://www.bloomberg.com/news/articles/2024-07-17/asml-orders-beat-estimates-as-ai-demand-fuels-chip-gear-giant
https://www.bis.gov/foreign-direct-product-rules

Japan and the Netherlands are strongly resisting US demands to further limit their companies’ tech exports to China, the world’s largest semiconductor and electronics market.

The Biden Administration is threatening to invoke an obscure 70-year-old US law, the Foreign Direct Product Rule. This regulation authorizes the American government to impose controls and trading restrictions on any foreign-made products that use even the tiniest amount of technology or components from American sources.

日本和荷蘭強烈抵制美國進一步限制其公司對中國這個全球最大半導體和電子市場的技術出口的要求。

拜登政府威脅要援引一項具有 70 年歷史的晦澀難懂的美國法律，即《外國直接產品規則》。 該法規授權美國政府對任何使用美國來源的技術或組件的外國製造的產品實施控制和貿易限制，即使是最少量的技術或組件.

Video: Fixing window frames where paint came off today, this Mexican handyman which also maintained our front and back garden did a good job. 今天修復油漆脫落的窗框，這位墨西哥勤雜工也維護我們的前花園和後花園，做得很好. https://rumble.com/v57hglw-fixing-window-frames-where-paint-came-off-today.html
https://www.tiktok.com/t/ZPRoLRKa4/

Video: Inside Paris Olympic 2024, everything is provided and sponsored by China, can’t do it without China equipments and technology 2024年巴黎奧運會，一切都是由中國提供和贊助的，離不開中國的設備和技術
https://rumble.com/v57glph-inside-paris-olympic-2024-everything-is-provided-and-sponsored-by-china.html
https://www.tiktok.com/t/ZPRo8cxhD/

Video: EU Polish female parliamentarian tells the EU President from a mother to another mother: “You are responsible for the rape and murders in EU! You should be in jail.” 歐盟波蘭女議員告訴歐盟主席: “我是母親對你這個母親說, 你要對歐盟的強暴和謀殺負責! 你應該進監獄”.
https://rumble.com/v57ghcl-you-are-responsible-for-the-rape-and-murders-in-eu-you-should-be-in-jail.html
https://www.tiktok.com/t/ZPRo83eaY/

Video: Still wondering why US healthcare cost so high? For example prices for Ozempic and Wegovy, two European-made weight-loss drugs, expose US corrupted system ripping off our government & patients. 仍然想知道為什麼美國的醫療費用如此高? 例如Ozempic 和 Wegovy 這兩種歐洲製造的減肥藥的高價暴露了美國腐敗的體係正在敲詐美國政府和病人.

https://rumble.com/v57ga0l-still-wondering-why-us-healthcare-cost-so-high.html
https://www.tiktok.com/t/ZPRo8nyAt/
https://thehill.com/opinion/healthcare/4768725-drug-prices-pbm-rebates/
https://www.healthline.com/health-news/heres-how-much-more-ozempic-costs-in-the-u-s-compared-to-other-countries
https://www.cnbc.com/2024/03/27/novo-nordisk-ozempic-can-be-made-for-less-than-5-a-month-study.html
https://www.nytimes.com/2024/06/21/business/prescription-drug-costs-pbm.html
https://companiesmarketcap.com/usa/largest-american-companies-by-revenue/

Ozempic and Wegovy are successful weight loss drugs, manufactured by Norsk Nordisk, a Danish company. Both are highly effective against diabetes.

Critics complain about the pricing on these drugs in the United States, compared to peer countries. The monthly cost to US patients is over 10 times for patients in the UK, which is higher still than the burdens on patients in Australia and France.

The reason for the huge price disparities, however, is surprising, and sinister: it is primarily not driven by price-gouging drug companies, but by rent-seeking US health insurers. By creating a new sub-industry called Pharmacy Benefit Managers, and demanding “rebates” from drug companies hoping to sell in the US market, health insurers get around the profit caps established under the ObamaCare law, and enjoy billions of dollars in risk-free profits, with shocking cost increases borne by American patients, hospitals, and federal and state governments.

Ozempic 和 Wegovy 是成功的減肥藥，由丹麥公司 Norsk Nordisk 生產。 兩者都對糖尿病非常有效。

與其他國家相比，批評者抱怨這些藥物在美國的定價。 美國患者每個月的費用是英國患者的10倍以上，比澳洲和法國患者的負擔還要高。

然而，造成巨大價格差異的原因卻令人驚訝且險惡：這主要不是由哄抬價格的製藥公司推動的，而是由尋租的美國醫療保險公司推動的。 透過創建一個名為“藥品福利管理”的新子行業，並向希望在美國市場銷售的製藥公司要求“回扣”，健康保險公司繞過了奧巴馬醫改法規定的利潤上限，並享受了數十億美元的無風險收益.

Must read if you want to do business with China: Communique of the Third Plenary Session of the 20th Central Committee of the Communist Party of China 如果您想與中國做生意，必讀: 中国共产党第二十届中央委员会第三次全体会议公报
🔗Full text: https://www.mfa.gov.cn/eng/zxxx_662805/202407/t20240718_11456274.html
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