China Quietly Pulls Draft Gaming Rules From Website 34
Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans. From a report: The link to the draft rules was no longer accessible as of this morning, Haitong Securities reported earlier on Tuesday. Shares of Tencent and NetEase jumped on the news. "This could possibly indicate that there will be further changes in the new measures," wrote Haitong analysts in the note. The move follows Beijing also removing a key official -- the head of the publication bureau of Communist Party's Propaganda Department -- over the handling of the release of the draft rules, which caught investors and gaming giants by surprise.
That's kinda cool. (Score:2)
There is hope for Taiwan, then, they are not yet as crazy as the huilo.
Re:That's kinda cool. (Score:4)
I dunno about smarter. He and his policies are why Chinese developers are massively in debt with no way to pay it off. One of them has more than $330 billion dollars of debt, $20 billion of which is offshore debt. His policies are also why China now has a negative birthrate. Despite him ending the one-child policy, it hasn't helped stem the continual decrease in their birth rate. I'd be surprised if China's entire economy doesn't collapse in the next 10-20 years, unless significant changes are made, and they aren't the kind of changes Xi is likely to make.
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His policies are also why China now has a negative birthrate.
Got distracted and wrote the wrong thing. Should have been "His policies are also why China will have a negative birthrate soon."
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Communist Occupied China is definitely on the cusp of a serious demographics problem. Fortunately, that's good news for the rest of the planet.
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"Smarter" does not necessarily imply actually good at filling his role. The bar for being smarter as a leader for a major power has gotten really low these days.
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"Smarter" does not necessarily imply actually good at filling his role.
I suppose that is fair. Though, I don't know how else to compare his "smarts" vs other leaders other than their actions as leaders.
That's a shame (Score:2)
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Meanwhile leftist democrats want to legalize hard drugs so teens can get hooked on heroin or die of fentanyl. Why do democrats hate americans?
Hey, if people want to use drugs and die, it's just proof that Darwin was correct. Why should we stop it?
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Why do democrats hate americans?
People always hate what they don't understand, what is different from themselves.
Re: That's a shame (Score:1)
Yeah! Stupid Democrats want to get rid of the laws that are preventing those deaths now!
Er, wait...
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More ranting loonery from the ignorant
Some folks are just broken and will abuse drugs/food/alocohol/tobacco. There is *nothing* you or your invisble sky-beard can do about this.
Prohibition is how you bolster criminal organisations. Legalisation is how you effectively manage the problem.
Voting in favor of funding criminal organisations, (despite all overwhelming evidence this idiocy produces terrible outcomes), unnecessary deaths and lost tax revenue is how we *know* those ghost-fearing conservatives are s
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Every Country that has legalised drug use has seen both usage and deaths drop drastically. There are several reasons for this.
1. Available drugs tend to be better and more reliable quality. This means that people need to take less of it to get the same effect. This on it's own cuts overall use, at least in the total amount consumed.
2. The legal drugs tend to be of a more even potency. This means that people can be more confident about how much they need, and allows them to more accurately take the required
Part of a larger problem (Score:5, Interesting)
Over the past three years Chinese stocks have lost $6 trillion in value [cnn.com]. This attempt to curb usage certainly didn't help matters.
Re:Part of a larger problem (Score:5, Interesting)
Yeah it's starting to look like Xi is not the competent leader his reputation makes him out to be.
Really like many nations this concept of strong nationalism is cutting against them. The rest of world doesn't really want to be antagonistic towards China, there's too much economic growth to be had but while they are still saber rattling over Taiwan and generally trying to intimidate their neighbors means the US is forced to take a harder stance than they would probably like.
It's easy for me to say but I will say it; China should rescind any claims over Taiwan and engage them with stronger economic ties. Militarily and economically it really doesn't look like a lot of upsides to them threating or attempting to invade, it seems like it fully comes from this sense of historical nationalism, a sense of pride which you are the #2 superpower in the world you kinda have to know when to put such things aside.
Re:Part of a larger problem (Score:5, Interesting)
He is trying to prove the point that without China, the west is nothing. He's done an excellent job of proving the opposite.
At some point there will be a renewed desire to normalize trade relations with China, and hopefully we can negotiate far more favorable terms than those which we endured from 1990-2015.
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Ehh, if anything the past 3-4 years has shown we move away from China if necessary. It will hurt a bit but it is possible. Vietnam and other countries are more than happy to pick up the manufacturing slack, if anything the case is stronger for China needing the West. That giant amount of exports if what got them where they are today.
I agree there will be renewed desire to normalize but China has to normalize itself. It spent decades adapting to global capital markets and now it wants to roll things back
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My bad, i misinterpreted your first sentence.
Re: Part of a larger problem (Score:2)
"At some point there will be a renewed desire to normalize trade relations with China,"
That desire is ongoing, but China refuses to offer acceptable terms.
The USA had the excuse when it was violating everyone else's IP that it needed to. China has no such excuse. They have enough tech that if they would just stop hammering down every nail that sticks up, they could have their own home grown technical development. But they squash the people who would make that possible, and they don't allow enough immigratio
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China should rescind any claims over Taiwan
That might not change anything. China can and will claim anything they like for any reason, for example they supposedly resolved their border issue with Russia but have recently started using the Chinese names for cities in the "formerly" disputed territory. Even if the People's Republic of China renounces its claim to the Republic of China, no one is going to believe it anytime soon. In fact it might just make the other nations with a territorial dispute with China [wikipedia.org] even more nervous. After all Taiwan is gr
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Interesting, And some people wonder why just about every country in the region greatly prefers US hegemony.
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just about every country in the region greatly prefers US hegemony
The countries in the region being Russia, Korea, Viet Nam, Cambodia, Laos, Buthan, Myanmar, Nepal, India, Pakistan, Afghanistan, Tajikistan, Kyrgistan, Kazakhstan, and Mongolia.
And, from the linked Wikipedia article:
Resolved disputes, such as the ones with Russia, Mongolia, Kazakhstan, Kyrgyzstan, Afghanistan, Pakistan, Myanmar, North Korea, Nepal, Tajikistan continue to be disputed by the ROC.
ROC means Taiwan. (The Republic Of China.)
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the US is forced to take a harder stance
The USA aren't forced to do anything.
it seems like it fully comes from this sense of historical nationalism, a sense of pride which you are the #2 superpower in the world you kinda have to know when to put such things aside.
Unfortunately, they still believe they are #1.
Re:Part of a larger problem (Score:4, Funny)
Interesting. From the link...
"The world’s second largest economy is plagued by a myriad of problems. They include a record downturn in real estate, ..."
Realtors in the US are bitching about sales for the past year. I wonder when our RE will correct. I wonder if I should move stuff in my 401k from REIT to other funds.
"...deflation..."
Huh.
"...debt..."
Welcome to the club.
"...a falling birthrate and shrinking work force..."
ditto
"...as well as a shift towards ideology-driven policies..."
Everyone has those. Ours is
Mo money
Mo money
Mo money
Legally if possible, else there's always bitcoin to wash your troubles away.
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No, China has different problems. They've been pushing the whole "real estate real estate real estate" drum to the point that they are overbuilt. They plan out a city for tens of millions of people occupied by bare
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Except the idea that they made cities where only 1% is occupied is terribly fake news. The biggest one that most articles cite e.g. is Ordos. But Ordos is now 60-70% occupied, and it wasn't for 10s of millions but e.g. a couple hundred thousand.
China builds and develops an area, some Western newspaper says there's no one there, because they are looking at year 1, but don't do follow up articles several years later.
Another example is e.g. the lonliest subway station in China. https://www.youtube.com/watch [youtube.com]
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You know how in the old Transformers cartoons, the moment the nearly indestructible Megatron gets a slight scratch on his chassis, Starscream declares him dead and appoints himself as the new leader of the Decepticons?