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  • Arnaud on this

    If this gets confirmed and Trump indeed folds, this will be seen as one of those seminal events that confirm, beyond all the propaganda, a fundamental rebalancing of power between China and the US, and an end to the era of US economic dominance.

    The impact on China's side was much less pronounced: the CSI 300 Index is virtually unchanged, and so is the cost of China's debt, standing at 1.67% for their 10Y bonds vs 4.4% for US 10Y bonds.

    Due to the tariffs, the IMF just predicted a reduction of only 0.5% in China's GDP growth (down to 4%) vs a loss of 0.9% for the US's GDP (down to 1.8%), meaning that China would keep growing at more than twice the rate of the U.S. despite the tariffs, and would be much less affected by them than the U.S.

    The US possibly no longer being able push other countries' economic policies around is a much bigger deal than people realize

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    Chinese state newspaper claims the US is a 'failed state' ruled by a 'racist president' as it rips into Donald Trump — Article from 2020

  • There's a bunch of Chinese posts asking if the stuff about school shootings, fires, homelessness are exaggerated propaganda only to be told otherwise. It's both hilarious and sad.

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    Chinese app RedNote gains millions of US users this week as 'TikTok refugees' joined ahead of ban — Reuters

    Chinese social media app RedNote, known in China as Xiaohongshu, gained nearly 3 million U.S. users in one day earlier this week as a flood of self-proclaimed "TikTok Refugees" joined, according to new data from analytics firm Similarweb.

    The Chinese-language app had about 3.4 million daily active users across both iOS and Android devices in the United States as of Monday, up from fewer than 700,000 the day prior, and around 300,000 the week prior, according to the Similarweb estimate.

    The influx of users has been driven by a looming U.S. ban on TikTok, used by 170 million Americans, on national security concerns.

    The data suggests an even larger shift to RedNote by U.S. users this week than was previously known, explaining its dramatic rise to the top of U.S. app store download rankings. Reuters reported on Tuesday that more than 700,000 new users had joined the app in only two days.

    Meanwhile, U.S. usage of TikTok declined ahead of the ban, down 2.1% wee

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    Russia warns Ukraine’s ATACMS attacks mark ‘new phase’ of war, lowers threshold for using nuclear weapons

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    Climate crisis takes centre stage at G20 summit in Brazil

    United States | News & Politics @lemmy.ml
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    It's a big club

    Gaming @lemmy.ml
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    The sino-soviet split of the modern age.

    Videos @lemmy.ml
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    Is Europe Turning Fascist?

    World News @lemmy.ml
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    China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace

    • Official manufacturing purchasing managers’ index (PMI) rebounds to 50.8 in March, crossing into expansion territory after five months of contraction ⠀

    The figure beat the market estimate of 49.9 and returned above the watershed level of 50, which indicates expanding activity, ending five consecutive months of contraction.

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