• 22 Posts
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Joined 3 months ago
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Cake day: January 29th, 2025

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  • I don’t mean to nitpick, but this has most likely more to do with the US dollar’s weakness -deliberately(!) brought about by the new boss in the White House- than with the ruble’s strengths. Trump and his administration -especially Stephen Miran, the newly appointed chair of Trump’s Council of Economic Advisers- have long communicated the willingness to weaken the dollar to improve the U.S. trade balance. (Some argue Trump’s action will rather lead to a higher U.S. budget deficit and the end of the USD hegemony, replaced by some Central Bank Digital Currency, gold, and maybe some other commodities. (If interested, Hungarian-American economist Zoltan Pozsar was likely the first who proposed this afaik.)

    The currency games have an effect on everyone. (China which has been hit hardest by Trump’s tarrifs, see it’s yuan at a 17-year low at the moment, at around 7.3 CNH for 1 USD, and the Chinese Central Bank is calling on commercial banks to limit purchases of USD, despite the tariffs conundrum, at least this is what analysts say so far and what we see in the numbers.)

    It’s hard to tell what happens tomorrow, but I wouldn’t bet on Russia’s currency nor its economy in the long run.




  • The EU is to make Temu, Shein, Aliexpress, Amazon & Co. reliable for their unsafe products.

    And this move is overdue. Many of this cheap crap is a threat to people’s health and the environment. I don’t want our children to be confronted with things that pose a threat to their health.

    And it is also an important social issue. If you pay a few bucks for a product -with shipment from China to Europe included- it is impossible that workers who manufacture these things receive even a remotely decent pay. In Europe and other democracies, people criticize (often rightfully) a lack of workers’ rights and call for better labour protection, unionization, and stuff like that, but the same people are happy when they can get clothing for absurdly little money to ‘shop like a billionaire.’







  • Beijing, in its turn, has been opening up sectors such as telecommunications, banking or manufacturing for foreign investment, he said.

    What? Beijing has done the exact opposite. The latest brick in China opaque legal wall took effect just last year with what the party-state calls “anti-espionage law”, an opaque regulation that creates new risks for foreign companies, business travelers, academics, journalists, researchers. Its nebulous language allows China significant leeway to investigate and prosecute foreign corporations at will.

    And China makes wide use of this. Last year, even before the new law took effect, Chinese authorities detained staff of Mintz Group, a US due diligence group. They were later released as far as I can remember, but all they did was market research.

    As a foreigner it’s also impossible to found a subsidiary in China, you need a Chinese partner that would then own the majority. China has been closing down further in recent years.

    “We should put our focus on partnership. China will never be a threat or any kind of enemy to the EU,” Yao said, praising the bloc’s multilateral approach to foreign affairs, as opposed to President Donald Trump’s isolationist agenda.

    China has no interest in a partnership, not with the EU nor anyone else. They are a constant threat to their neighbours, Taiwan, Indonesia, the Philippines, Nepal, Buthan, and all the others. In addition, China has been engaging in transnational repression, targeting political exiles abroad to silence dissent across the globe, including in Europe.

    And this is just a TINY selection of issues with China.









  • @JoMiran@lemmy.ml

    Just read the article. The Moscow Times is referring to numbers provided by Rosstat, Russia’s official Statistical Office. This is official data by the Kremlin.

    According to data released by the state statistics agency Rosstat, 195,400 children were born in Russia during January and February 2025 — a 3% drop compared to the same period in 2024.

    The decline was even steeper in February alone, with births falling 7.6% year-over-year to 90,500 — 7,400 fewer than in the same month last year.

    Some regions saw even sharper drops. Births fell by 18.7% in Arkhangelsk, 19.4% in the republic of Karelia, 18.6% in the Oryol region, 21.6% in Kostroma and 26.6% in Smolensk.












  • “We want to work on issues of common interest […],” Sanchez told Xi.

    Did they talk also about China’s support for Russia’s war in Ukraine? The transnational repression of exiled dissidents by China across Europe? The secrecy of agreements that leads to disaster like the one in Novi Sad, Serbia, that should make it impossible to held someone accountable?

    The Chinese government is not interested in someone else’s interest. Even Mr. Sanchez will have to recognize that China is a threat to Europe, and it behaves so, not matter how much investments his country receives.








  • China is pushing hard across Europe to present itself as an alternative to the US, as if we needed this. Just read a piece about Beijing’s efforts in Italy:

    Propaganda push: presenting China as an alternative to the US in Italy

    [In an Italian media outlet, Chinese Ambassador to Italy Jia Guide] said, “China hopes that Italy will maintain an objective and fair stance, play a constructive role in promptly resolving economic and commercial tensions between China and the EU, and boost the confidence and willingness of Chinese electric vehicle companies to invest in Italy and Europe" […]

    In another piece published by [Italian media outlet] Il Sole 24 Ore—a publication that has, in the past, inflamed internal tensions with its “pro-China” coverage—Jia called for greater European commitment to enhanced cooperation with China to foster a balanced and sustainable form of globalisation.

    I would also agree with others here that Europe needs more diversification, China is just another dictatorship and thus an unreliable partner.