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cross-posted from: https://lemmy.zip/post/52036171

cross-posted from: https://lemmy.sdf.org/post/44894840

cross-posted from: https://lemmy.sdf.org/post/44894752

Archived

China’s multi-year property crisis is set to drag on in 2026 and further weigh on banks’ asset quality, even after the government stepped up its stimulus push to boost demand, according to Fitch Ratings.

The country’s new home sales by area may decline 15 to 20 per cent from their current level before the sector stabilises, Lulu Shi, a director at Fitch, said at a briefing in Shanghai on Wednesday (Oct 29). Transactions by value may drop another 7 to 10 per cent next year, she added.

“China’s trickling stimulus measures did not pull the residential sector from a further slowdown,” Shi said. “A meaningful property recovery will only come after the job market stabilises and household income rebounds, which would require a basket of policies and a long period of time.”

[...]

The dim outlook for the domestic home market also means banks’ bad debt in the property segment will likely remain “elevated” next year, Vivian Xue, director for financial institutions at Fitch, said at the same briefing. That, coupled with households’ weakened ability to repay mortgages and other personal loans, means that banks’ asset quality could deteriorate next year, she added.

[...]

Fixed income-specialist Pimco has identified new risks to China’s growth strategy.

In response to China’s aggressive price discounting, many Emerging Markets economies have erected higher tariff and trade barriers on Chinese goods imports, it writes in a report.

Europe has initiated investigations into Chinese product dumping and may increase the use of quotas. The U.S. has raised tariffs on all trading partners, but especially on Chinese goods, which has limited the ability of Chinese producers to access the U.S. market at lower tariff rates through “connector” countries for final stages of production. Although markets have shown signs of optimism for U.S.–China trade negotiations ahead of the countries’ presidents meeting this week, the relationship between these two major economies will likely remain volatile.

[...]

Looking ahead, inventories can’t keep piling up forever if China wants to counter deflationary trends and maintain a stable economy. China’s policymakers have recently emphasized an “anti-involution” campaign: a nuanced approach to counter the intense competition that shrunk profit margins and to emphasize higher-quality growth and greater profitability, with a goal of reducing deflationary pressures.

However, unless Chinese policymakers are willing to more forcefully stimulate domestic demand, or tolerate slower production growth, Chinese products would need to continue to be exported at further price discounts to clear the inventory levels, Pimco says.

[...]

cross-posted from: https://lemmy.sdf.org/post/44896261

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Poland’s armed forces said Wednesday that two of its fighter jets had intercepted and escorted a Russian reconnaissance aircraft flying over the Baltic Sea one day prior.

The Polish operational command said the Russian Il-20 surveillance aircraft was flying in international airspace without filing a flight plan and with its transponder turned off, making it invisible to civilian radar.

“The aircraft did not violate Polish airspace,” the command said in a statement on social media.

It added that two Polish MiG-29 fighter jets visually identified and escorted the Russian aircraft out of the area.

Operational command spokesman Jacek Goryszewski told Polish media, “Our pilots could have taken further actions if the Russian pilots took steps that we wouldn’t want, like violating our airspace or performing other dangerous maneuvers.”

[...]

The interception comes amid rising alert levels across NATO’s eastern flank, where several member states have reported increased Russian air activity near their borders.

In September, three Russian military jets violated Estonia’s airspace for about 12 minutes and Poland reported more than 20 Russian drones crossing into its territory. The Kremlin denied the border incursions.

Poland is a staunch ally of Ukraine and has been a key transit point for Western arms heading to the embattled country since Russia invaded it in 2022.

Occasionally I see people mention gluetun.

• What's gluetun? Seems like it's a VPN client? What's special about it?
• How do you use it in your setup?
• Do I need to know about this if I use Tailscale on the host for connecting to my VPN?
• Would gluetun allow me to use an additional VPN provider for certain apps without messing with the host Tailscale?

• Yes, the major city protests were run by known and open neo-Nazis. Yes, the designated speakers were consistently and explicitly advocating European/"White" supremacy. These are pro-fascist protests by design, and it's concerning that many people didn't recognise the previous one for what it evidently was.
• They are planning to run a third March for Australia rally on 26th Jan, and other similar far-right/fascist protests have been planned between now and then. And if we don't continue to grow the counter protests and stamp this out like last time, the fascists will keep escalating.

Archived

Poland’s armed forces said Wednesday that two of its fighter jets had intercepted and escorted a Russian reconnaissance aircraft flying over the Baltic Sea one day prior.

The Polish operational command said the Russian Il-20 surveillance aircraft was flying in international airspace without filing a flight plan and with its transponder turned off, making it invisible to civilian radar.

“The aircraft did not violate Polish airspace,” the command said in a statement on social media.

It added that two Polish MiG-29 fighter jets visually identified and escorted the Russian aircraft out of the area.

Operational command spokesman Jacek Goryszewski told Polish media, “Our pilots could have taken further actions if the Russian pilots took steps that we wouldn’t want, like violating our airspace or performing other dangerous maneuvers.”

[...]

The interception comes amid rising alert levels across NATO’s eastern flank, where several member states have reported increased Russian air activity near their borders.

In September, three Russian military jets violated Estonia’s airspace for about 12 minutes and Poland reported more than 20 Russian drones crossing into its territory. The Kremlin denied the border incursions.

Poland is a staunch ally of Ukraine and has been a key transit point for Western arms heading to the embattled country since Russia invaded it in 2022.

The pair allegedly gathered intelligence on Polish military personnel and infrastructure, including transport hubs used to supply Ukraine with foreign military aid.

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The South China Sea has long been a source of tension, with several nations laying overlapping claims to its islands, reefs and surrounding waters. The sea is one of the world's busiest trade routes and is believed to hold vast reserves of oil, gas and other natural resources.

China claims almost the entire waterway under its "nine-dash line", asserting historical rights that extend deep into areas also claimed by Malaysia, Vietnam, the Philippines, Brunei and Taiwan.

In 2016, an international tribunal in The Hague ruled that China's claims had no legal basis under the UN Convention on the Law of the Sea, a decision Beijing rejected.

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