WAR CHINA THREATENS TO INVADE TAIWAN

northern watch

TB Fanatic
China sends 25 fighter planes toward Taiwan on National Day
China has sent 25 fighter jets toward self-ruled Taiwan in a large display on China's National Day
By Associated Press
1 October 2021, 04:03

WireAP_84ae9b835cb346f3b5ccc276d0d4076b_16x9_992.jpg


TAIPEI, Taiwan -- China sent 25 fighter jets toward self-ruled Taiwan in a large display of force on China's National Day Friday.

The People’s Liberation Army flew 18 J-16 fighter jets as well as two H-6 bombers, among other planes. Taiwan deployed air patrol forces in response and tracked the Chinese aircraft on its air defense systems, the island’s Defense Ministry said in a statement.

China has sent planes toward the island it claims as part of its territory on a near daily basis in the last couple of years, stepping up military harassment with drills.

Last week, the PLA flew 24 fighter jets toward Taiwan after it announced it would apply to join a Pacific trade group that China also applied to join.

Taiwan and China split during a civil war in 1949, and China has not ruled out force to reunify with Taiwan. Beijing opposes Taiwan’s involvement in international organizations.

China sends 25 fighter planes toward Taiwan on National Day - ABC News (go.com)
 

danielboon

TB Fanatic
Chinese fighter jets make the largest show of force near Taiwan this year on National Day
Posted 17m ago17 minutes ago
A fighter jet against a blue sky.

More than 35 Chinese fighter jets entered Taiwan's airspace.(
AP: Taiwan Ministry of Defence
)
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On it's National Day China has sent 38 fighter jets towards self-ruled Taiwan in the largest display of force this year.
Key points:
  • More than 35 Chinese fighter jets entered Taiwan's airspace in two separate displays of force
  • China attacked Taiwan's foreign minister Joseph Wu for his efforts to promote Taiwan internationally
  • Taiwan's Mainland Affairs Council condemned the comments as "slander and abuse"
The People's Liberation Army flew 25 fighter jets on Friday in the first maneuver, then sent an additional 13 planes at night.
Taiwan deployed air patrol forces in response and tracked the Chinese aircraft on its air defence systems, the island's Defence Ministry said in a statement.
The first group of planes included 18 J-16 fighter jets and two H-6 bombers.
China's latest mission came less than a day after its government launched an abusive attack on Taiwan's foreign minister, evoking the words of revolutionary leader Mao Zedong to denounce him as a "shrilling" fly for his efforts to promote Taiwan internationally.
Taiwan Foreign Minister Joseph Wu is an outspoken supporter of the island's efforts to push back against pressure from China and regularly appears on think-tank and other panels.
A Taiwanese wearing a suit man gestures while holding a microphone.

China attacked Joseph Wu because he was a "diehard" supporter of Taiwanese independence.(
AP: Wu Taijing
)
In a lengthy denunciation of Mr Wu late on Thursday, China's Taiwan Affairs Office said he was a "die-hard" supporter of Taiwan independence who peddled lies that Taiwan is a sovereign country.
It quoted a poem written by Mao in 1963, The River All Red, which was a denunciation of the Soviet Union and United States.
"All forms of comments on Taiwan independence are but flies 'humming, with a burst of shrilling and a fit of sobbing,'" Beijing's Taiwan Affairs Office said.
Taiwan's foreign ministry said the was "not worthy" of commenting on.
A aircraft carrier heads towards the camera. Smaller vessels flank it. In the sky above it are a number of jets.

The first group of planes included 18 fighter jets and two bombers.(
Reuters/Stringer
)
However, Taiwan's Mainland Affairs Council, which crafts policy on China, said it was "slander and abuse".
"This kind of verbal violence, unprecedented in the international community, only highlights the overstepping of the rules of the Taiwan-related body on the other side of the Taiwan Strait and how far away it is from civilised society."
'One China' explained
Three colourful Chinese dragons dance, as Taipei 101, the tallest building in Taiwan, is seen in the background.
Despite its name, the 'One China' policy includes two separate Chinese entities. Sound confusing? That's not a mistake.
Read more

China has frequently sent planes toward the island it claims as part of its territory in the last couple of years, stepping up military harassment with drills.
Last week, China flew 24 fighter jets toward Taiwan after it announced it would apply to join a Pacific trade group that China also applied to join.
Taiwan and China split during a civil war in 1949, and China has not ruled out force to reunify with Taiwan. Beijing opposes Taiwan's involvement in international organisations.
 

jward

passin' thru
Another day another high eh- almost ludicrous

reuters.com

At 39 aircraft, China sets new high for Taiwan defence zone incursion
October 2, 20216:34 PM CDTLast Updated an hour ago

3 minutes


Taiwan's President Tsai Ing-wen waves to the media aboard the PFG-1112 Ming Chuan, a Perry-class guided missile frigate, after a commissioning ceremony at Kaohsiung's Zuoying naval base, Taiwan November 8, 2018. REUTERS/Tyrone Siu
TAIPEI, Oct 3 (Reuters) - A total of 39 Chinese air force aircraft entered Taiwan's air defence zone on Saturday, the defence ministry in Taipei said, setting a new high for missions which have infuriated the island's government and further raised tensions with Beijing.

Taiwan, a democratically governed island that is claimed by China, has complained for over a year of repeated missions near it by China's air force, often in the southwestern part of its air defence zone close to the Taiwan-controlled Pratas Islands.
Taiwanese fighters scrambled against the 39 Chinese aircraft in two waves on Saturday, the Taiwan Defence Ministry said. It said Taiwan sent combat aircraft to warn away the Chinese aircraft, while missile systems were deployed to monitor them.
That was one more aircraft than on Friday, the day China marked its national day, which was at the time more planes than the country had ever sent before to harry Taiwan's air defence zone. read more
Taiwan's Defence Ministry said that on Saturday the Chinese aircraft first came during the day - 20 aircraft - followed on Saturday night by a further 19. Most of the aircraft were J-16 and Su-30 fighters, it added.
The aircraft on both missions flew near the Pratas, the ministry said, in separate statements late Saturday and early Sunday morning.
Taiwan Premier Su Tseng-chang condemned China for its actions on Saturday, saying the country was engaging in military aggression and damaging regional peace.
China has yet to comment.

It has previously said such flights were to protect the country's sovereignty and aimed against "collusion" between Taiwan and the United States, the island's most important international backer.
Taiwan marks its national day next Sunday, with a major speech by President Tsai Ing-wen and military parade in central Taipei, which will include a fly-by of fighter jets.
China has stepped up military and political pressure to try to force Taiwan to accept Chinese sovereignty.
Taiwan says it is an independent country and will defend its freedom and democracy.

 

Housecarl

On TB every waking moment
Another day another high eh- almost ludicrous

reuters.com

At 39 aircraft, China sets new high for Taiwan defence zone incursion
October 2, 20216:34 PM CDTLast Updated an hour ago

3 minutes


Taiwan's President Tsai Ing-wen waves to the media aboard the PFG-1112 Ming Chuan, a Perry-class guided missile frigate, after a commissioning ceremony at Kaohsiung's Zuoying naval base, Taiwan November 8, 2018. REUTERS/Tyrone Siu
TAIPEI, Oct 3 (Reuters) - A total of 39 Chinese air force aircraft entered Taiwan's air defence zone on Saturday, the defence ministry in Taipei said, setting a new high for missions which have infuriated the island's government and further raised tensions with Beijing.

Taiwan, a democratically governed island that is claimed by China, has complained for over a year of repeated missions near it by China's air force, often in the southwestern part of its air defence zone close to the Taiwan-controlled Pratas Islands.
Taiwanese fighters scrambled against the 39 Chinese aircraft in two waves on Saturday, the Taiwan Defence Ministry said. It said Taiwan sent combat aircraft to warn away the Chinese aircraft, while missile systems were deployed to monitor them.
That was one more aircraft than on Friday, the day China marked its national day, which was at the time more planes than the country had ever sent before to harry Taiwan's air defence zone. read more
Taiwan's Defence Ministry said that on Saturday the Chinese aircraft first came during the day - 20 aircraft - followed on Saturday night by a further 19. Most of the aircraft were J-16 and Su-30 fighters, it added.
The aircraft on both missions flew near the Pratas, the ministry said, in separate statements late Saturday and early Sunday morning.
Taiwan Premier Su Tseng-chang condemned China for its actions on Saturday, saying the country was engaging in military aggression and damaging regional peace.
China has yet to comment.

It has previously said such flights were to protect the country's sovereignty and aimed against "collusion" between Taiwan and the United States, the island's most important international backer.
Taiwan marks its national day next Sunday, with a major speech by President Tsai Ing-wen and military parade in central Taipei, which will include a fly-by of fighter jets.
China has stepped up military and political pressure to try to force Taiwan to accept Chinese sovereignty.
Taiwan says it is an independent country and will defend its freedom and democracy.


At some point, the number of aircraft and their location within the ADIZ will come to a critical mass and it's going to make that FN 1910 that effectively started the First World War look like a cap gun.
 

jward

passin' thru
I tried to learn how many planes they have, so I could do a mental exercise of a likely "sweet spot #" of the upcoming attack
. . . Google is not my friend though :: shrug ::
 

jward

passin' thru




EndGameWW3
@EndGameWW3

1m

US deputy secretary of defense says Washington 'carefully watching' China's every move | Taiwan News | 2021-10-03 09:46:00
US deputy secretary of defense says Washington 'carefully watching' China's every move
Kathleen Hicks calls Taiwan's defense capabilities 'game-changer' in preventing Chinese invasion

232


By Kelvin Chen, Taiwan News, Staff Writer
2021/10/03 09:46

U.S. Deputy Secretary of Defense Kathleen Hicks.


U.S. Deputy Secretary of Defense Kathleen Hicks. (AP photo)

TAIPEI (Taiwan News) — U.S. Deputy Secretary of Defense Kathleen Hicks on Friday (Oct. 1) said that the Pentagon is closely monitoring the situation in the Taiwan Strait.

During an online event held by the Center for Strategic and International Studies, Hicks said that a Chinese invasion of Taiwan is something the Department of Defense watches "very carefully,” adding that the U.S. is able to block any such move by Beijing with its large military force already deployed in the region.

Hicks also mentioned that the U.S. has had good relations with Taiwan and has maintained commitments to the East Asian nation since the 1970s, including providing sufficient defense capabilities. The Taiwanese’s ability to adequately defend themselves is a “game-changer” with regard to discouraging China from invading, she said.

The Deputy Secretary of Defense also praised Taiwan as a democratic country with an advanced semiconductor industry and economy. “We have an interest in ensuring democracies can flourish,” Hicks said, reaffirming Washington’s commitment to Taiwan.

A total of 39 Chinese military aircraft entered Taiwan’s air defense identification zone on Saturday (Oct. 2), the day after a record 38 planes did so, while the Chinese survey ship Xiang Yang Hong 03 was detected sailing north 58 nautical miles east of Orchid Island late Friday. The recent military dispatches by China are a sign that Beijing has not relented its coercive tactics towards Taiwan.
 

Doomer Doug

TB Fanatic
China Sends Nearly 40 Jets Toward Taiwan For 2nd Consecutive Day


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China Sends Nearly 40 Jets Toward Taiwan For 2nd Consecutive Day
Tyler Durden's Photo

BY TYLER DURDEN
SUNDAY, OCT 03, 2021 - 11:49 AM
On Saturday the China's People's Liberation Army (PLA) jets flew another huge jet formation in breach of Taiwan's air defense zone for a second consecutive day, despite leaders in Taipei still bristling and issuing condemnations over the initial major Friday incursions.

Following Friday's record-setting total of 38 jets on two separate occasions, the next day the PLA flew 39 jets, breaching the defense zone. The latter too involved a pair of incursions, with one wave coming during the day and the next in the evening.


Taiwan's Prime Minister Su Tseng-chang in weekend statements blasted the flights as "brutal and barbarian actions" which are damaging to regional peace.

Previously the record number of aircraft to breach the Taiwan ADIZ stood at 25, which had happened on a couple of occasions, with the first last April. The initial Friday incident occurred on China's National Day, a national holiday marking the establishment of the communist People's Republic of China on October 1, 1949.

On the initial Friday breach, Taiwan Foreign Minister Joseph Wu described that "Oct. 1 wasn't a good day. The PLAAF flew 38 warplanes into Taiwan's ADIZ, making it the largest number of daily sorties on record. Threatening? Of course. It's strange the PRC doesn't bother faking excuses anymore."

Thus it appears the follow-up Saturday flyover was a glaring 'message' from Beijing signaling that it doesn't plan to heed any words of condemnation or warnings from Taiwan.

All of this also comes on the heels of Taipei moving forward with ramping up military spending with a recently approved $9 billion boost, citing the "severe threat" from China.
 

TFergeson

Non Solum Simul Stare
China Sends Nearly 40 Jets Toward Taiwan For 2nd Consecutive Day


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China Sends Nearly 40 Jets Toward Taiwan For 2nd Consecutive Day
Tyler Durden's Photo's Photo

BY TYLER DURDEN
SUNDAY, OCT 03, 2021 - 11:49 AM
On Saturday the China's People's Liberation Army (PLA) jets flew another huge jet formation in breach of Taiwan's air defense zone for a second consecutive day, despite leaders in Taipei still bristling and issuing condemnations over the initial major Friday incursions.

Following Friday's record-setting total of 38 jets on two separate occasions, the next day the PLA flew 39 jets, breaching the defense zone. The latter too involved a pair of incursions, with one wave coming during the day and the next in the evening.


Taiwan's Prime Minister Su Tseng-chang in weekend statements blasted the flights as "brutal and barbarian actions" which are damaging to regional peace.

Previously the record number of aircraft to breach the Taiwan ADIZ stood at 25, which had happened on a couple of occasions, with the first last April. The initial Friday incident occurred on China's National Day, a national holiday marking the establishment of the communist People's Republic of China on October 1, 1949.

On the initial Friday breach, Taiwan Foreign Minister Joseph Wu described that "Oct. 1 wasn't a good day. The PLAAF flew 38 warplanes into Taiwan's ADIZ, making it the largest number of daily sorties on record. Threatening? Of course. It's strange the PRC doesn't bother faking excuses anymore."

Thus it appears the follow-up Saturday flyover was a glaring 'message' from Beijing signaling that it doesn't plan to heed any words of condemnation or warnings from Taiwan.

All of this also comes on the heels of Taipei moving forward with ramping up military spending with a recently approved $9 billion boost, citing the "severe threat" from China.

Theyll keep doing this, lull the Taiwanese, and then one day they wont turn around and head back to the mainland. It is coming.
 

danielboon

TB Fanatic
U.S. Blasts China's 'Provocative' Military Flights Over 'Rock Solid' Ally Taiwan
BY KHALEDA RAHMAN ON 10/3/21 AT 10:13 AM EDT



The U.S. has blasted China for its "provocative" military flights near Taiwan, and reiterated its commitment to Taiwan as "rock solid."
It came as Taiwan reported a record number of incursions by Chinese planes into its air defense identification zone (ADIZ) in recent days.
Taiwan's Defense Ministry said 39 aircraft entered the ADIZ on Saturday—20 during the day and another 19 at night. It followed 38 Chinese aircraft flying into the area south of the island on Friday. So far on Sunday, Taiwan has reported 16 aircraft entering the southwest ADIZ.

In a statement on Sunday, State Department spokesman Ned Price re-iterated the U.S. commitment to Taiwan, which China claims as part of its territory.

The U.S. is "very concerned by the People's Republic of China's provocative military activity near Taiwan, which is destabilizing, risks miscalculations, and undermines regional peace and stability," Price said.
An anti-China protest in Taiwan

Demonstrators hold the flags of Free Hong Kong - Revolution Now during an anti-China protest on October 1, 2021 in Taipei, Taiwan.LAM YIK FEI/GETTY IMAGES

"We urge Beijing to cease its military, diplomatic, and economic pressure and coercion against Taiwan.
"We have an abiding interest in peace and stability across the Taiwan Strait. We will continue to assist Taiwan in maintaining a sufficient self-defense capability, and we will maintain our commitments as outlined in the Three Communiqués, the Taiwan Relations Act, and the Six Assurances."

READ MORE
Price added: "The U.S. commitment to Taiwan is rock solid and contributes to the maintenance of peace and stability across the Taiwan Strait and within the region. We will continue to stand with friends and allies to advance our shared prosperity, security, and values and deepen our ties with democratic Taiwan."
Taiwan has been publicizing Chinese incursions into its air defense identification zone for 13 months, which reached a monthly high last month.
Taiwan logged 117 ADIZ incursions by Chinese military aircraft including nuclear-capable bombers, fighter jets and reconnaissance planes, as of September 30—surpassing the previous high of 107 observed in April.


The 38 and 39 aircraft sent on Friday and Saturday were the most in a single day since Taiwan began releasing reports on the flights, according to Taiwan's Central News Agency.
"China has been wantonly engaged in military aggression, damaging regional peace," Taiwan's premier Su Tseng-chang told reporters.
Last month, Taiwan's Foreign Minister Joseph Wu warned that China has been waging a years-long "silent diplomatic war" to poach Taiwan's allies and sabotage its informal relations with other countries.

Taiwan and mainland China have been governed separately since the end of a civil war in 1949. The Communists took control of mainland China and the rival Nationalists set up a government on Taiwan.
The Chinese Communist Party marked the 72nd anniversary of its rule on Friday.
 

northern watch

TB Fanatic
US raises concern as China flies warplanes south of Taiwan
The Chinese military flew 16 warplanes over waters south of Taiwan on Sunday as the United States expressed concern about what it called China’s “provocative military action” near the self-governing island that China claims
By The Associated Press
3 October 2021, 17:13

FILE - In this undated file photo released by China's Xinhua News Agency, two Chinese SU-30 fighter jets take off from an unspecified location to fly a patrol over the South China Sea. China flew more than 30 military planes, including SU-30 fighter

Image Icon
The Associated Press
FILE - In this undated file photo released by China's Xinhua News Agency, two Chinese SU-30 fighter jets take off from an unspecified location to fly a patrol over the South China Sea. China flew more than 30 military planes, including SU-30 fighter jets, toward Taiwan on Saturday, Oct. 3, 2021, the second large display of force in as many days.(Jin Danhua/Xinhua via AP, File)

TAIPEI, Taiwan -- The Chinese military flew 16 warplanes over waters south of Taiwan on Sunday as the United States expressed concern about what it called China's “provocative military action” near the self-governing island that China claims.

China sent 38 warplanes into the area on Friday and 39 aircraft on Saturday, the most in a single day since Taiwan began releasing reports on the flights in September 2020. The flights came in daytime and nighttime sorties, and it wasn't clear if China was planning more flights on Sunday night.

A statement from U.S. State Department spokesperson Ned Price warned that China's military activity near Taiwan risks miscalculation and undermines regional peace and stability.

“We urge Beijing to cease its military, diplomatic, and economic pressure and coercion against Taiwan,” the statement said.

It added that the United States, Taiwan's biggest supplier of arms, would continue to help the government maintain a sufficient self-defense capability.

China and Taiwan split in 1949 during a civil war in which the Communists took control of mainland China and the rival Nationalists set up a government on Taiwan, an island of 24 million people about 160 kilometers (100 miles) off the east coast.

China has been sending military planes into the area south of Taiwan on a frequent basis for more than a year. Taiwan's Defense Ministry said 12 fighter jets and four other military aircraft entered Taiwan's air defense identification zone on Sunday.

———


Associated Press journalist Matthew Lee in Washington, D.C., contributed to this report.

US raises concern as China flies warplanes south of Taiwan - ABC News (go.com)
 

jward

passin' thru
abc.net.au
Taiwanese Foreign Minister warns his country is preparing for war with China, asks Australia for help
Andrew Greene, Stan Grant

Taiwan's Foreign Minister warns his nation is preparing for war with China and urges Australia to increase intelligence sharing and security cooperation as Beijing intensifies a campaign of military intimidation.

Key points:
  • Taiwan's Foreign Minister Joseph Wu warns of looming war with China and urges closer cooperation with Australia
  • Dozens of Chinese military aircraft have flown into Taiwanese airspace in recent days
  • Mr Wu has also thanked Australia for supporting Taiwan's bid to join a new trade pact
Dozens of aircraft from the People's Liberation Army (PLA) have flown sorties into Taiwan's Air Defence Identification Zone (ADIZ) since Friday, prompting the self-ruled island to scramble its own military jets.
Speaking to the ABC's China Tonight program, Taiwan's Foreign Minister Joseph Wu declared that if the PLA were to launch an actual strike, his democratic state would be ready to repel it.
"The defence of Taiwan is in our own hands, and we are absolutely committed to that," Mr Wu has told the ABC's Stan Grant in an interview to be broadcast on Monday evening.

"I'm sure that if China is going to launch an attack against Taiwan, I think they are going to suffer tremendously as well."
The minister from Taiwan's ruling Democratic Progressive Party believes other like-minded countries such as Australia should now come to the aid of his besieged nation by developing closer ties.
"We would like to engage in security or intelligence exchanges with other like-minded partners, Australia included, so Taiwan is better prepared to deal with the war situation.
"And so far, our relations with Australia [are] very good and that is what we appreciate", Mr Wu added.
A fighter jet against a blue sky.
China sent fighter jets into Taiwan's airspace last week.(
AP: Taiwan Ministry of Defence
)
Australia does not formally recognise Taiwan diplomatically, but the federal government regularly calls for a "peaceful resolution" of differences between China and the small independent nation through dialogue and without the threat or use of force or coercion.
A communique issued after last month's AUSMIN meetings between Australia and the United States declared that "both sides stated their intent to strengthen ties with Taiwan, which is a leading democracy and a critical partner for both countries".

As well as closer security ties, the Taiwanese Foreign Minister thanked Australia for supporting its bid to join the Trans-Pacific Partnership trade pact, now known as the CPTPP, which China also wants to enter.
"As far as I know, Australia has been one of those most vocal members in supporting Taiwan's participation in CPTPP.
"We have been discussing with each other privately for quite some time and we understand the Australian support and we appreciate the Australian support."
Earlier this year, America's most senior diplomat in Canberra also confirmed Australia and the United States were discussing contingency plans in case a military conflict erupts over Taiwan.
Last year, Frances Adamson, the then-head of the Department of Foreign Affairs and Trade, warned she was more concerned about a "crisis" in the Taiwan strait than at any other point in her diplomatic career.
Taiwan endorses new AUKUS pact, won't seek its own nuclear submarines
A computer generated image of a black submarine coming up out of the water in the ocean
Taiwan says it will not acquire nuclear submarines.(
Supplied: Defence
)
Taiwan has also welcomed the recent establishment of the AUKUS strategic partnership between Australia, the United Kingdom, and the United States, as well as the growing activity between the Quad allies, the US, India, Australia and Japan.
"We are pleased to see that the like-minded partners of Taiwan — the United States and the UK and Australia — are working closer with each other to acquire more advanced defence articles so that we can defend Indo-Pacific.
"Australia is a great country, and I'm very glad to see that Australia is going to shoulder more responsibility to maintain peace and stability in the Indo-Pacific," Mr Wu said.
The Taiwanese Foreign Minister said that unlike Australia, his nation would not be trying to acquire nuclear-powered submarines, because it has a "different war strategy".
Defence analyst Professor Clinton Fernandes from the University of New South Wales warns it would be difficult for the US and allies to prevent any invasion attempt by China.

"The military centre of gravity is China's air defence system in the south, it has the ability to deny the United States control of the air — if the United States cannot control the air, it cannot win either at land or at sea."
Professor Fernandes doesn't believe China will launch any military strike on Taiwan before next year's Beijing Winter Olympics but warns something more coercive is likely ahead of Taiwan's presidential elections in 2024.

"The defence of Taiwan is predicated on a Chinese invasion – but if China's main effort is not an invasion but a blockade, then what? Taiwan doesn't have a Plan B – that's the big problem."

 

northern watch

TB Fanatic
The Next "Lehman Moment" - Will China Try To Create A Dangerous Diversion?

BY TYLER DURDEN
ZERO HEDGE
SUNDAY, OCT 03, 2021 - 05:45 PM

Authored by James Rickards via DailyReckoning.com,

The happy talk out of Wall Street would have you believe that the Evergrande financial collapse in China is under control and that responsible parties have taken steps to avoid a “Lehman moment” in Chinese capital markets.

Almost everything about that narrative is factually wrong. It’s Wall Street happy talk at its finest, assuring investors that things are under control while the smart money runs for the hills. Something closer to the truth was reported the same day in The Wall Street Journal. Here’s their summary:

Chinese authorities are asking local governments to prepare for the potential downfall of China Evergrande Group, according to officials familiar with the discussions, signaling a reluctance to bail out the debt-saddled property developer while bracing for any economic and social fallout from the company’s travails…

Local governments have been ordered to assemble groups of accountants and legal experts to examine the finances around Evergrande’s operations in their respective regions, talk to local state-owned and private property developers to prepare to take over local real estate projects and set up law enforcement teams to monitor public anger… a euphemism for protests, according to the people.



China’s Bogus Plan

This actual crisis management plan is the worst possible playbook. Why?

Any response to a financial crisis has to be centralized so that decisions about how to deploy limited resources can be made rapidly. Some lenders must be saved, some should be allowed to fail. Equity holders should be wiped out. Foreign investors in dollar-denominated debt of Evergrande will be left to fend for themselves and possibly seek relief in their home countries.

The point is these types of decisions cannot be made by “local governments” as proposed by the Chinese. The government plan is not a serious effort to truncate a financial crisis. It seems designed more to suppress social unrest and perhaps arrest “troublemakers.”

Western analysts don’t understand this dynamic because they view events through the lens of Wall Street and Washington norms.

But the Communist Party of China does not care if Chinese oligarchs or investors in BlackRock ETFs lose money. That suits them fine. They’re communists.

The Good News and the Bad News

The good news is that the China myth has now been revealed to be a fraud. The globalist dream for China has crashed and burned. Good riddance.

Chinese regulators believe they have the resources to bail out or restructure Evergrande with some haircuts for creditors.
They probably do, but that misses the point.

Evergrande investors are now staging protests at banks after learning that their loans to Evergrande will not pay out for two years. Of course, Evergrande will be bankrupt long before that, and the investors will get nothing in the end.

This is another fiasco in the making because those investors will dump that unwanted real estate, which will collapse the property market in turn. Essentially, Chinese regulators are so desperate that they are trying to pay off creditors in kind with deeds to real estate that no one wants.

The Chinese are only looking at what’s inside the four walls of Evergrande and ignoring the fact that their entire property and financial system is on the verge of a world-historic crack-up.

But here’s the real problem: The damage will not be confined to Evergrande. It will spread quickly to counterparties of Evergrande, including other developers and banks.

This unprecedented combination of a financial crisis and Communist indifference could result in full-blown contagion that could emerge as a crisis in the U.S. and Europe within a few months.

I’ve predicted this all along, but in reality, it wasn’t that hard to predict. The Chinese economy is basically a debt-driven Ponzi scheme.

Up to half of China’s investment is a complete waste. It does produce jobs and utilize inputs like cement, steel, copper and glass. But the finished product, whether a city, train station or sports arena, is often a white elephant that will remain unused. The Chinese landscape is littered with “ghost cities” that have resulted from China’s wasted investment and flawed development model.

And as I’ve explained before, that has serious implications for China’s leadership…

The “Mandate of Heaven” in Jeopardy

China’s economy is not just about providing jobs, goods and services. It is about regime survival for a Chinese Communist Party that faces an existential crisis if it fails to deliver.

It is an illegitimate regime that will remain in power only so long as it provides jobs and a rising living standard for the Chinese people. The overriding imperative of the Chinese leadership is to avoid societal unrest.

If China’s job machine seizes, as parts of it did during the coronavirus outbreak, Beijing fears that popular unrest could emerge on a scale potentially much greater than the 1989 Tiananmen Square protests. This is an existential threat to Communist power.

President Xi Jinping could quickly lose what the Chinese call “the Mandate of Heaven.”

That’s a term that describes the intangible goodwill and popular support needed by emperors to rule China for the past 3,000 years. If the Mandate of Heaven is lost, a ruler can fall quickly.

Even before the present crisis, China has had serious structural economic problems that are finally catching up with it.
China is so heavily indebted that it is now at the point where more debt does not produce growth. Adding additional debt today slows the economy and calls into question China’s ability to service its existing debt.

Essentially, China is on the horns of a dilemma with no good way out. China has driven growth for the past eight years with excessive credit, wasted infrastructure investment and Ponzi schemes.

The Chinese leadership knows this, but they had to keep the growth machine in high gear to create jobs for millions of migrants coming from the countryside to the city and to maintain jobs for the millions more already in the cities.

Will China Try to Create a Dangerous Diversion?

The two ways to get rid of debt are deflation (which results in write-offs, bankruptcies and unemployment) and inflation (which results in theft of purchasing power, similar to a tax increase).

Both alternatives are unacceptable to the Communists because they lack the political legitimacy to endure either unemployment or inflation. Either policy would cause social unrest and unleash revolutionary potential.

The question is will China move aggressively against Taiwan, for example, to distract the people and attempt to unite them?

China does not want war at this time. But diverting the people’s attention away from domestic problems toward a foreign foe is an old trick leaders use to unite the people in times of uncertainty.

If China’s leadership decides that the risk of losing legitimacy at home outweighs the risk of conflict that would likely involve the United States, the likelihood of war rises dramatically.

I’m not making a specific prediction, but wars have started over less. This is a very dangerous time.


The Next "Lehman Moment" - Will China Try To Create A Dangerous Diversion? | ZeroHedge
 

Techwreck

Veteran Member
Saw an earlier post by Somewherepress that said that trading was halted on Evergrande in Hong Kong.
That doesn't sound like fixed or contained.
Impending financial collapse might change the Chicom calculus on Taiwan.
If so, and which way, I don't know.
 

TFergeson

Non Solum Simul Stare
Saw an earlier post by Somewherepress that said that trading was halted on Evergrande in Hong Kong.
That doesn't sound like fixed or contained.
Impending financial collapse might change the Chicom calculus on Taiwan.
If so, and which way, I don't know.
Wars always good for business. Always.
 

Henry Bowman

Veteran Member
Taiwan Foreign Minister: We're Preparing for War With China
map of taiwan

(Dreamstime)
By Newsmax Wires | Sunday, 03 October 2021 09:11 PM


Taiwan's foreign minister is warning of war with China and is asking Austraila for aid with intelligence, Australian Broadcasting reports.

The news comes after the People's Liberation Army (PLA) of China flew dozens of sorties into Taiwan's Air Defense Identification Zone (ADIZ) beginning on Friday.
On ABC's "China Tonight," Taiwan's Foreign Minister Joseph Wu said that if the PLA launches an actual strike, Taiwan is ready to repel it.

"The defense of Taiwan is in our own hands, and we are absolutely committed to that," Wu said.
The statement comse after Taiwan sharply criticized China on Saturday after Beijing marked the founding of the People's Republic of China with the largest ever incursion by the Chinese air force into the island's air defense zone.
Taiwan, a democratically governed island that is claimed by China, has complained for more than a year of repeated missions near it by China's air force, often in the southwestern part of its air defense zone close to the Taiwan-controlled Pratas Islands.

Taiwanese fighters scrambled against 38 Chinese aircraft in two waves on Friday, the Taiwan Defence Ministry said. It said Taiwan sent combat aircraft to warn away the Chinese aircraft, while missile systems were deployed to monitor them.
"China has been wantonly engaged in military aggression, damaging regional peace," Taiwan Premier Su Tseng-chang told reporters on Saturday morning.

The first wave of incursions comprised 18 J-16 and four Su-30 fighter jets plus two nuclear-capable H-6 bombers and an anti-submarine aircraft, while the second had 10 J-16s, 2 H-6s and an early warning aircraft, the ministry said.
The first batch of Chinese aircraft all flew in an area close to the Pratas Islands, with the two bombers flying closest to the atoll, according to a map issued by the ministry.

The second group flew down into the Bashi Channel that separates Taiwan from the Philippines, a key waterway that links the Pacific with the disputed South China Sea.
On Saturday, the ministry reported a further incursion, this time involving 20 aircraft, all fighters apart from two anti-submarine aircraft. They too flew in the vicinity of the Pratas.
Taiwan Foreign Minister Joseph Wu added his condemnation, tweeting on Saturday that the record sorties ensured Friday "wasn't a good day."
"Threatening? Of course," he added.
China has yet to comment.

It has previously said such flights were to protect the country's sovereignty and aimed against "collusion" between Taiwan and the United States, the island's most important international backer.
The previous largest incursion happened in June, involving 28 Chinese air force aircraft.
China's latest mission came less than a day after its government launched a verbal attack on Wu, evoking the words of revolutionary leader Mao Zedong to denounce him as a "shrilling" fly for his efforts to promote Taiwan internationally.
China has stepped up military and political pressure to try to force Taiwan to accept Chinese sovereignty.
Taiwan says it is an independent country and will defend its freedom and democracy.
Reuters contributed.




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CGTech

Has No Life - Lives on TB
On Top Of Everything Else, Could We Potentially See 2 Major Wars Start Before The End Of The Year?
October 3, 2021 by Michael Snyder
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Historically, the start of most wars has not been a surprise. Usually, there is a very clear build up before hostilities begin, and we are seeing the same pattern today. For example, by now it should be exceedingly clear to everyone that Israel and Iran will be going to war. Both sides have been talking about the coming conflict for years, and everyone knows who has been causing the “mystery explosions” inside Iran and everyone knows who has been attacking Israeli commercial ships. A “shadow war” has already been going on for quite some time, and at some point missiles will start flying back and forth between the two countries. Likewise, by now it should be exceedingly clear that China very much wants to invade Taiwan. “Reunification” is a top national priority for the CCP, and as you will see below, we are being warned that Xi Jinping has apparently decided that Taiwan is “not a problem that will be passed down to the next generation”.
From a U.S. perspective, the goal is to delay these conflicts for as long as possible. But China just keeps getting more and more aggressive with Taiwan. In fact, the Chinese military sent 77 military aircraft into Taiwan’s air defense identification zone on Friday and Saturday
Taiwan has reported a record number of incursions by Chinese warplanes into its air defense identification zone (ADIZ) for the second day in a row, Taiwan’s Ministry of National Defense said on Saturday night.
The self-governing island said a total of 39 Chinese military aircraft entered the ADIZ on Saturday, one more than the 38 planes it spotted on Friday.
This shocking provocation led one British news source to boldly declare that China and Taiwan “are on the brink of war”, and that isn’t too far from the truth.
In response, the head of Taiwan’s government had some very tough words for the Chinese…
“China has been wantonly engaged in military aggression, damaging regional peace,” said Taiwan Premier Su Tseng-chang on Saturday.
And he also referred to the fact that Taiwan is depending on the United States to protect it from China…
“The U.S. commitment to Taiwan is rock solid and contributes to the maintenance of peace and stability across the Taiwan Strait and within the region,” he added. “We will continue to stand with friends and allies to advance our shared prosperity, security, and values and deepen our ties with democratic Taiwan.”
When China finally invades Taiwan, the U.S. and China will instantly be in a state of war, and everyone understands this.
At one time the Chinese had hoped to peacefully “reunify” with Taiwan like they did with Hong Kong, but that is out of the picture now.
CCP leaders have realized that they are going to have to take Taiwan by force, and so they are looking for an opportunity.
With feeble Joe Biden in the White House and with the American people deeply tired of wars, this may be the best chance that the CCP is going to get, and they certainly realize this.
So could they pull the trigger on an invasion in the months ahead?
Let’s hope not, because such a conflict would throw the entire globe into a state of chaos.
But the clock is ticking, because as I noted above, we are being told that Xi Jinping has determined that Taiwan “is not a problem that will be passed down to the next generation”
However, President Xi Jinping in China has previously expressed his aims to annex the island by suggesting there is “no room for any form of Taiwan independence.”
Dr Nick Bisley, from La Trobe University in Australia said: “Xi Jinping has made a very public and very clear signal that says Taiwan is not a problem that will be passed down to the next generation.”
Meanwhile, the game of nuclear chicken that Iran and Israel are playing is rapidly approaching a moment of truth.
Just like his predecessor, Israeli Prime Minister Naftali Bennett has promised to never allow the Iranians to develop their own nuclear weapons, and everyone agrees that day is now closer than ever. The following comes from an Israeli news source
In his speech to the UN General Assembly last week, Prime Minister Naftali Bennett declared that “Iran’s nuclear program has hit a watershed moment, and so has our tolerance. Words do not stop centrifuges from spinning… We will not allow Iran to acquire a nuclear weapon.”
With quite dramatic candor, meanwhile, IDF Chief of Staff Aviv Kohavi publicly declared (in January) that the IDF was preparing fresh “operational plans” for a potent military strike; (in August) that Iran’s nuclear progress has prompted the IDF “to speed up its operational plans,” with a fresh budget to do so; and (in September) that the IDF has “greatly accelerated” preparations for action against Iran’s nuclear program.
Needless to say, a full-blown war between Israel and Iran would also throw the entire globe into a state of chaos, and it is coming.
In fact, a top Iranian official just said that “war with Israel has already started”
“The war with Israel has already started,” Iranian Foreign Ministry spokesman Saeed Khatibzadeh told Maariv. “Israel has carried out attacks that were intended to destroy our nuclear program for peaceful purposes. It murdered nuclear scientists and harmed the Iranian people. Iran is accused of terrorism, but there is no good or bad terrorist. The whole crisis in the region is Israel’s fault.”
If either of the wars that I have discussed in this article were to fully erupt before the end of this calendar year, economic activity all over the planet would be greatly affected and it would make global supply chain problems far, far worse than they are now.
In addition, global financial markets would almost certainly go totally haywire.
Much more importantly, in either case the U.S. would find itself involved in a new war.
If China invades Taiwan, the U.S. military would instantly be forced into action, and if Iran and Israel go to war the U.S. would definitely not stay on the sidelines.
Needless to say, most Americans are not even thinking about war right now. But war is coming, and it won’t be too long before it is here.

 

Techwreck

Veteran Member
This is all moving in a such bad direction.
Ramping up to a crescendo?
I fear one morning we'll wake up to news that many of our ships are sunk and Taiwan has surrendered.

Once they get Joe awake, Milley can tell him that our surrender to the Chicoms is necessary to prevent a tremendous loss of life and planetary destruction, and that the generals have it all worked out.
Psaki and the MSM will laud the tremendous courage and leadership, although the terms of surrender will not immediately be disclosed.

Letting a regime of foreign-owned domestic enemies be installed has consequences.
 
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