Monday, November 26, 2018

CHINA, A COUNTRY WHOSE ENTIRE ECONOMY IS PREDICATED ON CHINA'S WHOLESALE THEFT OF AMERICA HAS A DICTATOR'S PROBLEM WITH TIANYI'S GAY NOVEL


UP YOURS RED CHINA!


those who control the words control the narrative


Outcry as Chinese erotic writer jailed for more than 10 years over gay sex scenes in novel

  • Sentence provokes shock and outrage as critics point out many rapists face lighter sentences than pornographers
  • Novelist fell foul of pre-internet ruling that people who sold more than 5,000 erotic books should serve more than a decade in prison


An erotic writer in China has been sentenced to over a decade in prison for writing and selling a gay porn novel, sparking shock and outrage over the severity of her sentence.
The writer, surnamed Liu but better known by her internet alias Tianyi, was handed a 10-and-a-half year jail term for “producing and selling pornographic materials” last month, according to a television report on Friday.
The book that landed her into trouble was a 2017 novel named Occupy, which sold 7,000 copies through the internet.
The novel, about a forbidden love affair between a teacher and a student, was said to be filled with “graphic depictions of male homosexual sex scenes” tinged with violence, according to a television station in Anhui.

China’s obscenity watchdog steps up online pornography crackdown

Pornography is illegal in China, but the hefty sentence given to Liu has ignited an uproar on social media.
According to the country’s criminal law, sentences for producing and disseminating obscene material for profit can vary wildly from a few years to life depending on the perceived severity of the offence.
The heavy sentence imposed in this case ignited an uproar. Outraged social media users were quick to point out that many serious crimes, including rape, violence and manslaughter, carried a lower sentence.

Under mainland China’s criminal law, many rapists are only liable to serve a jail term of between three to 10 years.
One case cited by critics was that of an official in Yunnan province who was sentenced to five years in prison for abducting and raping a four-year-old girl. Following a public outcry the sentence was increased to eight years.
Another was a man who was sentenced to 6½ years in jail for beating his wife to death in Beijing in 2009.

Gay-themed drama is latest victim of China’s drive to purge ‘harmful and obscene’ content from web

The legal basis of Liu’s sentence is a judicial interpretation issued by China’s supreme court.
According to the statement, selling more than 5,000 copies of pornographic books or making more than 10,000 yuan (US$1,400) from their sale is regarded as an “especially serious circumstance”, which carries a sentence of “imprisonment for not less than 10 years or life”.
Not only did Liu sell more than 5,000 copies, she also made a profit of 150,000 yuan (US$21,600) by doing so.
However, the judicial interpretation was issued in 1998, and critics argue it is outdated.
“It might have been difficult to sell 5,000 copies in 1998 – there was no internet back then. But now it is almost effortless,” said one of the most liked comments on Weibo.

China orders Tencent to clean up pornography on WeChat

Deng Xueping, a Shanghai-based lawyer at Capital Equity Legal Group, said the judicial interpretation was in need of revision.
“It’s out of touch with all the changes that have taken place in society,” he said.
He also argued that the penalties in the law code were due for revision, saying there were sentencing guidelines for more than 400 offences but it was questionable whether these had been reasonably set.
A former state prosecutor who has handled hundreds of cases ranging from corruption to fraud, Deng said he thought Liu’s sentence was too heavy.
“The social harm of pornographic books might not be as grave as the legislators had thought initially. Nowadays, pornography is ubiquitous,” he said, adding that there was no reason to treat it like “flash floods” or “savage beasts” that could corrupt an innocent mind.
This article appeared in the South China Morning Post print edition as: Outcry as writer of gay porn gets 10 yearS in prison


$ERVANT OF RED CHINA FOR RAW CA$H, $ENATOR FEIN$TEIN’S DRIVER IS A $PY FOR HER CHINE$E PAYMA$TER$!

“All in all, it was an incredible victory for the Chinese government. Feinstein has done more for Red China than other any serving U.S. politician. “ Trevor Loudon

A NATION DIES OF OPIOID ADDICTION

AMERICAN BIG PHARMA, RED CHINA and NARCOMEX PARTNER FOR THE BIG BUCKS
“The drug epidemic is the product of capitalism and the policies of the capitalist parties, both Democrats and Republicans. There is, first of all, the role of the pharmaceutical companies, which have amassed huge profits from the deceptive marketing of opioid pain killers, which they claimed were not addictive. Prescriptions for opioids such as Percocet, Oxycontin and Vicodin skyrocketed from 76 million in 1991 to nearly 259 million in 2012. What are the numbers and profits now?


Residential developments are seen in Tianjin City May 10, 2018. (Fred Dufour/AFP/Getty Images)

Chinese Companies’ Dollar Debts Reach Tipping Point



Strong dollar, a slowing economy, and trade war adding fuel to fire
BY FAN YU, EPOCH TIMES
November 25, 2018 



News Analysis
Domestic debt has long been an issue for the Chinese economy. But one particular corner of the debt market—dollar-denominated debt issued by Chinese companies—looks increasingly in danger of collapse.
Several factors are contributing to the rising risk of default. Rising interest rates, a declining Chinese currency, the ongoing U.S.–China trade dispute, and fast-approaching maturities are causing experts to sound the alarm.
“We will be talking about a major financial crisis—a dollar debt crisis,” Daiwa Capital Markets’ Kevin Lai told the South China Morning Post. Lai is the securities firm’s chief economist for Asia (excluding Japan).
There’s $3 trillion in outstanding dollar-denominated debt issued by Chinese companies, Daiwa estimates; most was issued by subsidiaries of Chinese companies in Singapore or Hong Kong.
So why did China Inc. issue so much dollar debt?
For one, it’s become difficult in recent years for Chinese private companies to issue onshore debt, due to Beijing’s crackdown on leverage. In addition, issuing dollar-denominated debt opens up a whole new group of buyers—foreign investors. Offshore dollar debt also offered companies lower yields than onshore yuan debt. Lastly, dollar-denominated debt is simply easier to use to fund foreign-asset purchases and bypasses Beijing’s capital-flow restrictions.

Increasing Defaults

Defaults on dollar-denominated Chinese bonds stood at $3.4 billion in the first 10 months of this year, Japanese investment bank Nomura wrote in a research note earlier this month, according to CNBC. In 2017, no dollar bond defaults had been recorded through October.
Nomura expects more defaults going forward “against a backdrop of weakening domestic demand, rising credit defaults, a depreciating RMB and Fed rate hikes.”
This is because more bonds are coming due. About $33.3 billion in dollar-denominated Chinese bonds are expected to mature each quarter through the end of 2020, which is a much higher pace than the $11 billion in maturities through Q3 this year.

Multitude of Risks

Chinese companies had valid reasons to issue dollar debt: It was inexpensive, and companies enjoyed a good spread between low-cost debt and high-yielding yuan assets, especially when the Chinese real estate market was still hot. It also made sense when the dollar-yuan exchange rate was largely stable. But issuing debt in a foreign currency is difficult to manage and requires complex hedging.
Given that the yuan has fallen about 6 percent against the dollar year-to-date, Chinese companies with dollar debt will be at a disadvantage.
For example, a $100 million bond paying an 8 percent coupon cost a Chinese company 52.8 million yuan in annual interest when the USD–CNY exchange rate was 6.6. If the yuan weakens by 6 percent against the dollar, however, then the annual interest cost would increase by 3 million yuan to almost 56 million yuan per year.
In essence, interest costs have risen for Chinese companies at a time when the domestic economy is sputtering and an ongoing trade war is hurting revenues.
And such context is important. A strengthening dollar on its own isn’t an issue, but foreign exchange headwinds have become another pain point for Chinese companies already facing mounting domestic debt. The problem is especially acute for Chinese property developers, which have gorged on debt—both in dollars and yuan—in recent years. But the industry is facing a high so-called “maturity wall,” or debt becoming due, in 2019.
Data from Dealogic shows that 385 billion yuan ($55 billion) of local-currency debt and $15 billion of dollar debt will come due next year for Chinese property developers, according to a Financial Times report.
But refinancing, which is likely the only option for most developers besides defaulting, has become increasingly difficult and costly.
In past years, property developers were able to tap into funding through the shadow banking industry. But recent crackdowns by Beijing have eliminated most options there.


Capital market funding costs have gone up in recent issuances. Bloomberg data has shown that yields on Chinese below-investment-grade borrowers have reached 4-year highs. Last week, Times China Holdings Ltd. and Hengda Real Estate Group Co. both priced two-year dollar offerings at an eye-wateringly high rate of 11 percent.




U.S. Trade Update: China Has Failed to Modify ‘Unfair’ Trade Practices



Xi Jinping
AP Photo/Mark Schiefelbein
  Washington, DC105
1:53


A report from the U.S. Trade Representative’s (USTR) office released this week found that China has failed to fundamentally alter its market-distorting trade practices.

The USTR Office released the most recent update on the results of a 301 investigation into China’s trade practices this week. The report covered China’s “acts, policies and practices related to technology transfer, intellectual property and innovation.”
“We completed this update as part of this Administration’s strengthened monitoring and enforcement effort,” U.S. Trade Representative Robert Lighthizer said. “This update shows that China has not fundamentally altered its unfair, unreasonable, and market-distorting practices that were the subject of the March 2018 report on our Section 301 investigation.”
The report details China’s use of various tools “to regulate or intervene in U.S. companies’ operations in China in order to require or pressure the transfer of technologies and intellectual property to Chinese companies.” Chinese officials employ methods that restrict transparency and pressure firms on technology transfer.
“Despite the relaxation of some foreign ownership restrictions and certain other incremental changes in 2018, China’s acts, policies, and practices related to forced technology transfer in China persist,” the report states. One section is dedicated to the volume of concerns levied from U.S. and foreign companies and U.S. trading partners.
The USTR report can be viewed in full on a USTR webpage.
Michelle Moons is a White House Correspondent for Breitbart News — follow on Twitter @MichelleDiana and Facebook.


A NATION DIES OF OPIOID ADDICTION
AMERICAN BIG PHARMA, RED CHINA and NARCOMEX PARTNER FOR THE BIG BUCKS
“The drug epidemic is the product of capitalism and the policies of the capitalist parties, both Democrats and Republicans. There is, first of all, the role of the pharmaceutical companies, which have amassed huge profits from the deceptive marketing of opioid pain killers, which they claimed were not addictive. Prescriptions for opioids such as Percocet, Oxycontin and Vicodin skyrocketed from 76 million in 1991 to nearly 259 million in 2012. What are the numbers and profits now?

OPIOID AMERICA: CHINA AND MEXICO PARTNER TO ADDICT AMERICA

http://mexicanoccupation.blogspot.com/2018/08/the-opioid-war-on-america-chin

 PRINCETON REPORT:

American middle-class is addicted, poor, jobless and suicidal…. Thank the corrupt government for surrendering our borders to 40 million looting Mexicans and then handing the bills to middle America?


WAR PROFITEERS!

SENATOR DIANNE FEINSTEIN AND PARASITE HUSBAND RICHARD “BRIBSTERS” BLUM


Blum has long handed out bribes in the form of “campaign contributions” to other corrupt Democrat politicians so they keep their mouths shut about the staggering corruption that has profitably followed Feinstein from day one!
*
“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan  THEAMERICAN THINKER.com

WAR ON THE AMERICA WORKER: FEINSTEIN, PELOSI, OBAMA, and the CLINTON CRIME DUAL

“Senator Dianne Feinstein warned, at the time, they had to solve this crisis now—of immigrants coming in illegally and getting these jobs.”

http://mexicanoccupation.blogspot.com/2018/05/senator-dianne-feinstein-looking-to-buy.html

“The Democrats had abandoned their working-class base to chase what they pretended was a racial group when what they were actually chasing was the momentum of unlimited migration”.  DANIEL GREENFIELD / FRONT PAGE MAGAZINE 

BLOG: FEINSTEIN IS AN ADVOCATE OF AMNESTY, OPEN BORDERS AND NO E-VERIFY TO KEEP WAGES DEPRESSED. THERE ARE 15 MILLION LOOTING MEXICANS IN HER STATE OF CA.

THE CLINTONS AND RED CHINA:
A MONEY MAKING TRAITORSHIP!
"Ask Jeff Sessions about the charges.  Money was flowing into the Clinton Foundation from all over the world, disguised, rerouted through a Canadian charity, all to obscure its origins."

No comments: