₦airaland Forum

jimetagambo:
OP copied a German reporter that called it a technical recession. A German reporter that is not even American.

The NBER or Powell did not call it a recession.

People are calling it a" technical recession" because the WH released a technical paper earlier this week to shift the goal post on what recession should be. See: https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/

Also, they have no incentive to call it a recession. US economy is consumer-based (more than 70% of US GDP is consumption). They want people to stay calm and spend as usual. When you tell people there is a recession, they tend to withhold and spend less which will have devastating effect on the economy.

US is in a recession, it is not rocket science, the masses on ground can feel it and they are withholding spending.

jimetagambo:
Go and argue with the NBER that hasn't yet called a recession or the Federal reserve chairman appointed by The republicans that has refused to call a recession. Because only one of the recession metrics have been met

There is a reason the OP put technical in his post. Trying to gaslight and play with the emotions of low IQ people.

I don't care who says what. Not from the same Powell who told us last year that "inflation is transitory" when he had the opportunity to start raising interest rate slowly. He was even promising soft landing earlier this year. Now everything is in a mess and they are adding "technical" to a recession.

bennybuhari:
Technical recession yet the dollars is very strong worldwide, even higher than Euro

A strong dollar is not necessary a good thing, especially for the US companies.

Read this: Strong dollar wipes billions off US corporate earnings -https://www.ft.com/content/6d06181f-d0e0-4c5a-bcfd-8bda44cc31a2

jimetagambo:
Don't mind the them

Don't gaslight us. Which one is "technical recession" again? Recession is recession. Two negative Quarters is recession.

China's top chip maker has likely gained the ability to produce 7-nanometre chips, according to a Canadian tech analysis firm, marking a significant breakthrough as the world's second-largest economy pushes towards technological self-sufficiency to counter US sanctions.

Researchers at TechInsights made the conclusion after they reverse-engineered a sample chip made by Semiconductor Manufacturing International Corp (SMIC), extracted from a cryptocurrency mining machine.

Analysts and industry professionals believe it is technically possible for SMIC to produce 7nm chips with existing deep ultraviolet (DUV) systems, under the leadership of co-CEO Liang Mong Song, a chip-making expert who was previously an executive at industry-leading Taiwan Semiconductor Manufacturing Co.

Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

In a widely-circulated resignation letter from Liang in December 2020 that he later withdrew, he wrote that he had led a 2,000-strong engineering team to complete the development of 7nm technology at SMIC. He said the company could start trial production in April 2021.

SMIC has not made any public comment about the possibility that it has achieved 7nm capability, even though the type of chip that TechInsights analysed has been in production since last July.

SMIC declined to comment on TechInsights' report.

While SMIC's improved capability could mark a technological milestone for the Shanghai-based company, some experts question the commercial viability of using less advanced DUV systems, which is used in a wide range of chip-making processes, to produce 7nm chips.

"In theory, I believe DUV's [chip production] limit is 7nm, but the yield and performance may not be great at that limit," said Woz Ahmed, managing director of consultancy Chilli Ventures and former chief strategy officer at British semiconductor and software design giant Imagination Technologies.

Most industry players are using extreme ultraviolet lithography (EUV) systems to produce 7nm or more advanced chips.

Moreover, the transistor density, power and speed characteristics of 7nm chips made by different manufacturers can vary widely, Ahmed added, so it may not be meaningful to compare SMIC's chips with those produced by rivals.

The findings come as the US government continues to lobby authorities in the Netherlands - home to key semiconductor equipment supplier ASML - to further restrict sales to SMIC.

SMIC, which was put on a US entity list in December 2020, is already unable to import equipment for making chips below 10nm, including the latest EUV machines.

The Chinese company currently relies on less advanced DUV systems from ASML to expand its capabilities, focusing on using mature 28nm and above technologies to produce chips for cars and home appliances, rather than for high-end smartphones and tablets, which have moved onto more sophisticated chips.

SMIC hauled in a record-high revenue of US$5.44 billion last year on brisk demand for its mature node capacity.

News that SMIC may have achieved 7nm capability could be enough to "trigger more US restrictions to tame the rise of China's semiconductor industry", said Arisa Liu, a senior semiconductor research fellow at the Taiwan Institute of Economic Research.

Before the TechInsights report, there were few details about the progress of SMIC's 7nm process. The development has not been mentioned in SMIC's financial reports, which maintained that the company's most advanced technology is 14nm.

Efforts by Washington to sideline China in global semiconductor value chains have set off alarm bells in Beijing. Mainland Chinese officials have expressed anger over the Chip 4 Alliance, a US-led supply chain coalition that includes Taiwan, South Korea and Japan.

While the ability to mass produce 7nm chips would place SMIC ahead of American and European peers, the Chinese company remains one to two generations behind TSMC and South Korea's Samsung Electronics.

Samsung has already started to produce chips using its 3nm process, while TSMC is expected to catch up later this year.

Source: https://finance.yahoo.com/news/chinas-top-chip-maker-smic-093000367.html

Sentiment aside, Obi cannot win as it is.

It is just all social media noise.

peepydelano:
Osun people are daft and not reasoning well. Anyways we ain’t giving up till the very end

Heeee

michlins:
Tough times opens up opportunities to develop ingenious technology.

More competition but trust me, it will take a very long time for China to catch up

Same was said about the Japanese car industry, on China space program, airforce and telecommunication equipment’. We can see the gap is closed in some of these area or rapidly narrowing. All you need is the will power, technology, financial means and time. I think China has all these.

* Most of the world’s fastest-expanding chip firms are in China
* White House curbs on Huawei ignited demand for homemade chips

China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.

Nineteen of the world’s 20 fastest-growing chip industry firms over the past four quarters, on average, hail from the world’s No. 2 economy, according to data compiled by Bloomberg. That compared with just 8 at the same point last year. Those China-based suppliers of design software, processors and gear vital to chipmaking are expanding revenue at several times the likes of global leaders Taiwan Semiconductor Manufacturing Co. or ASML Holding NV.

That supercharged growth underscores how tensions between Washington and Beijing are transforming the global $550 billion semiconductor industry -- a sector that plays an outsized role in everything from defense to the advent of future technologies like AI and autonomous cars. In 2020, the US began restricting sales of American technology to companies like Semiconductor Manufacturing International Corp. and Hangzhou Hikvision Digital Technology Co., successfully containing their growth -- but also fueling a boom in Chinese chip-making and supply.

While shares in the likes of Cambricon Technologies Corp. have more than doubled from lows this year, analysts say there may still be room to grow. Beijing is expected to orchestrate billions of dollars of investment in the sector under ambitious programs such as its “Little Giants” blueprint to endorse and bankroll national tech champions, and encourage “buy China” tactics to sidestep US sanctions. The rise of indigenous names has caught the attention of some of the pickiest clients: Apple Inc. was said to consider Yangtze Memory Technologies Co. as its latest supplier of iPhone flash memory.

“The biggest underlying trend is China’s quest for self-sufficiency in the supply chain, catalyzed by Covid-related lockdowns,” Morningstar analyst Phelix Lee wrote in an email responding to inquiries from Bloomberg News. “Amid lockdowns, Chinese customers who mostly use imported semiconductors need to source homegrown alternatives to ensure smooth operations.”

The FactSet China Semiconductor Index, which tracks some of the country’s biggest industry players, has gained roughly 20% since late April, when Covid lockdowns pushed local prices higher. But it remains down about a third from its July 2021 peak.

At the heart of Beijing’s ambitions is the impetus to wean itself off a geopolitical rival and more than $430 billion worth of imported chipsets in 2021. Orders for chip-manufacturing equipment from overseas suppliers rose 58% last year as local plants expanded capacity, data provided by industry body Semi show.

That in turn is driving local business. Total sales from Chinese-based chipmakers and designers jumped 18% in 2021 to a record of more than 1 trillion yuan ($150 billion), according to the China Semiconductor Industry Association.

A persistent chip shortage that’s curtailing output at the world’s largest makers of cars and consumer electronics is also working in local chipmakers’ favor, helping Chinese suppliers more easily access the international market -- sometimes with premiums tacked onto the best-selling products, such as auto and PC chips.

SMIC and Hua Hong Semiconductor Ltd., the biggest contract chip makers, have kept their Shanghai-based plants operating at almost full capacity even as the worst Covid-19 outbreak since 2020 paralyzes factories and logistics across China. With local authorities’ help, cargo flights from Japan delivered essential materials and gear to chip plants as the city went under lockdown. SMIC recently reported a 67% surge in quarterly sales, outpacing far larger rivals GlobalFoundries Inc. and TSMC.

Shanghai Fullhan Microelectronics Co.’s revenue grew 37% on average because of high demand for surveillance products. The video chip designer has pledged to expand into electric vehicles and AI after winning its “Little Giant” designation. And design tool developer Primarius Technologies Co. doubled sales on average over the past four quarters, saying it’s developed software that can be used in making 3-nanometer chips.

Putting aside long-term profitability concerns, Morningstar’s Lee said the aggressive capacity build-up from Chinese players will elevate their presence globally. That’s raising hackles in Washington.

“America is on the verge of losing the chip competition,” international relations scholar Graham Allison and former Google chief Eric Schmidt warned in a Wall Street Journal column. “If Beijing develops durable advantages across the semiconductor supply chain, it would generate breakthroughs in foundational technologies that the US cannot match.”

Source: https://www.bloomberg.com/news/articles/2022-06-20/us-sanctions-helped-china-supercharge-its-chipmaking-industry

Rastaramsey:
You mean a whole country should surrender
That's bullshit....

Russia has taken over some parts of Ukraine even before the war....
Putin wanted to Elect his own president in another man's country....

Lol. There will eventually be a peace talk and Ukraine will have to make certain compromises. It has little options.

Rastaramsey:
Na morons full this nairaland....

Instead of engaging in the war, he should have surrendered ABI....

Make Putin turn am to prisoner

Una no even dey think sef...

This war could have been avoided. You cannot fight a war with someone stronger than you. Mexico tried it with the US, they lost California, Arizona. Texas, New Mexico, etc to the US. They won’t try it again.

Russia’s invasion of Ukraine triggered global condemnation and tough sanctions aimed at denting Moscow’s war chest. Yet Russia’s revenues from fossil fuels, by far its biggest export, soared to records in the first 100 days of its war on Ukraine, driven by a windfall from oil sales amid surging prices, a new analysis shows.

Russia earned what is very likely a record 93 billion euros in revenue from exports of oil, gas and coal in the first 100 days of the country’s invasion of Ukraine, according to data analyzed by the Center for Research on Energy and Clean Air, a research organization based in Helsinki, Finland. About two-thirds of those earnings, the equivalent of about $97 billion, came from oil, and most of the remainder from natural gas.

“The current rate of revenue is unprecedented, because prices are unprecedented, and export volumes are close to their highest levels on record,” said Lauri Myllyvirta, an analyst who led the center’s research.

Fossil fuel exports have been a key enabler of Russia’s military buildup. In 2021, revenue from oil and gas alone made up 45 percent of Russia’s federal budget, according to the International Energy Agency. The revenue from Russia’s fossil fuel exports exceeds what the country is spending on its war in Ukraine, the research center estimated, a sobering finding as momentum shifts in Russia’s favor as its forces focus on important regional targets amid a weapons shortage among Ukrainian soldiers.

Ukrainian officials again called on countries and firms to halt their trade with Russia completely. “We’re asking the world to do everything possible in order to cut off Putin and his war machine from all possible financing, but it’s taking much too long,” Oleg Ustenko, an economic adviser to President Volodymyr Zelensky of Ukraine, said in an interview from Kyiv.

Ukraine has also been tracking Russia’s exports, and Mr. Ustenko described the research center’s numbers as seeming on the conservative side. Still, the underlying finding was the same, he said: Fossil fuels continue to fund Russia’s war. “You can stop importing Russian caviar and Russian vodka, and that’s good, but definitely not enough. You need to stop importing Russian oil,” he said.

Though Russia’s fossil fuel exports have started to fall somewhat by volume, as more countries and companies shun trading with Moscow, surging prices have more than canceled out the effects of that decline. The research found Russia’s export prices for fossil fuels have been on average around 60 percent higher than last year, even accounting for the fact that Russian oil is fetching about 30 percent below international market prices.

Europe, particularly, has struggled to wean itself from Russian energy, even as many countries send military aid to Ukraine. The European Union made most progress on reducing its imports of natural gas from Russia, buying 23 percent less in the first 100 days of the invasion than the same period the previous year. Still, income at Gazprom, Russia’s state-owned gas giant, remained about twice as high as the year before, thanks to higher gas prices, the Center for Research on Energy and Clean Air found.

The European Union also reduced its imports of Russian crude oil, which declined 18 percent in May. But that dip was made up by India and the United Arab Emirates, leading to no net change in Russia’s oil export volumes, the research showed. India has become a significant importer of Russian crude oil, buying 18 percent of the country’s exports over the 100-day period.

The United States has made a dent in Russia’s earnings, banning all Russian fossil fuel imports. Still, the United States is importing refined oil products from countries like the Netherlands and India that most likely contain Russian crude, a loophole for oil from Russia to make its way to America.

Overall, China was the largest importer of Russian fossil fuels over the 100-day period, edging out Germany, Italy and the Netherlands. China imported the most oil; Japan was the top purchaser of Russian coal.

Stricter bans are coming. Late last month, the E.U. agreed to an embargo that will cover roughly three-quarters of Russian oil shipped to the region, though that won’t be enforced for six months. Britain has said it will also phase out imports of Russian oil by year’s end. But Hungary, the Czech Republic and Slovakia, which receive Russian oil via pipelines, remain exempt. European and United States-owned ships also continue to transport Russian oil.

Europe is also speeding up its transition away from fossil fuels altogether. A new E.U. target aims to increase the region’s share of electricity from renewable forms of energy to 63 percent by 2030, up from a previous expected target of 55 percent.

Janet Yellen, the United States Treasury secretary, said last week that Washington was in talks with its European allies about forming a cartel that would set a cap on the price of Russian oil roughly equal to the price of production. That would trim Russia’s fossil fuel revenues while also keeping Russian oil flowing to global markets, stabilizing prices and fending off a global recession, she told the Senate Finance Committee.

Mr. Ustenko, the Ukrainian economic aide, said he would welcome such a move as a temporary measure until full embargoes can be imposed. He also suggested that countries should take the difference between global prices and the capped price on Russian oil and pay it into a fund to aid Ukrainian reconstruction.

“Then we’ll be able to cut off Russians from much of their financing, and almost immediately,” he said.

https://www.nytimes.com/2022/06/13/climate/russia-oil-gas-record-revenue.html

DNIPRO, Ukraine — Nearly 600 graves stretch to the edges of the military cemetery outside the city of Dnipro, marked by ranks of yellow and blue Ukrainian flags snapping in the wind.

The graves represent just a small percentage of the thousands of Ukrainian soldiers who have died in eight years of war since Russia first began to annex parts of their country in 2014, but the rapid expansion of this graveyard in eastern Ukraine is telling.

Almost half the graves are fresh. Draped in wreaths of artificial flowers or marked with a wooden cross stuck in the bare mud, they belong to soldiers killed in the last three months, since Russia began its large-scale invasion of Ukraine.

“There would not be anything here at all, if they had not come,” Viktoria Martynova said of the Russians. “We did not attack anyone. We were living in our own country, in our homes, on our own land.”

Her husband, Oleksiy Martynov, an electrician, lay in one of the new graves. He enlisted on the first day of the war and was killed in a mine explosion near the Russian border in April, barely six weeks later.

The number of Ukrainian casualties remains a closely guarded secret. The media-conscious government of President Volodymyr Zelensky has carefully controlled the flow of information in an apparent attempt to keep public morale high. Hospitals and military officials are forbidden from disclosing casualty numbers. Reporters are generally not permitted to visit the front line in Ukraine and photographs and videos showing wounded and dead soldiers are rare.

Yet with Russian artillery pounding its forces in the east, Ukraine is seeing casualties mount at such a rate that last week Mr. Zelensky said the army was losing 60 to 100 soldiers a day, and for the first time visited troops on the front lines.

For the men at the front, the strain is visible: in the dead-tired eyes of a police chief after another day leading his men in a bombarded city; in the blank stare of a commander who had just lost one of his best soldiers; and in the tense look of a group of soldiers heading for the first time to ground zero, as they call the frontline trenches.

Those soldiers are facing perhaps the most grueling weeks and months of the war as they try to stem, and survive, the Russian onslaught.

The nature of the fight has changed for the Ukrainians from up-close urban fighting and hit-and-run attacks on Russian armored columns around Kyiv, at which they excelled, to long-distance artillery battles and airstrikes on the eastern front, where Russia’s superior firepower gives it the upper hand.

Soldiers who served in the trenches last week near the village of Dovhenke near the contested region of Donetsk described hiking to positions and digging in as tank shells, mortars and cluster bombs landed around them.

“We were digging in on our knees and in the mud because it was raining,” said Samara, 48, the deputy leader of a unit who has completed five rotations on the front line. Like most soldiers he asked to be identified by his code name for security reasons.

“The last 48 hours we did not have moment of silence,” he said.

A tank blasted at their positions for five hours, then Russian infantry began an assault on foot, he said. Ukrainian snipers stalled the infantry advance and soldiers managed to lay a mine in the tank’s path, but the men in the trenches could do little but wait it out, he said.

“When a tank is firing you have to hide,” he said. “It’s a difficult situation.” His tin cup was punctured with several shrapnel holes. “I left it outside the trench,” he said, laughing. “I did not lift my head to see how it happened.”

No one sleeps during the 72-hour stint at “zero,” he said. The army had tried different lengths of rotations and determined that three days was the limit men should do before swapping out, he said.

Several soldiers said one of the hardest parts was digging in.

“We only had one spade and it was not very good,” said a 19-year-old soldier who uses the code name Air. At first things were quiet, so the men sat around joking and smoking as if on a camping excursion, he said.

She Combed the Converted Industrial Spaces of SoHo and NoHo. Which One Was the Right Fit?
They had dug a shallow trench, enough to lie in, but when the shelling started it proved barely enough. “The only thing you think about is why we dug so little,” he said. “We did not panic but my heart was beating so fast.”

Mortars and cluster bombs landed as close as 10 or 15 meters away, he said. “When you lift your head, you understand you are in a fog and you smell the gunpowder.”

One soldier, Vadym Melnyk, 40, who holds a doctorate in economics and teaches at Kyiv University, said he was disappointed not to see any evidence of Western-supplied weapons during his first rotation at the front last week.

“Unfortunately I didn’t see any,” he said after his return. “And that place now is one of the most difficult on the front.”

Tasked with holding positions against a Russian attack, the unit was armed only with Soviet-made assault rifles and anti-tank weapons, he said. They did not even have American-made Javelin missiles, which have been sent in large numbers to Ukraine, he said.

The Russians, he said, had much greater firepower, including multiple rocket launcher systems, tanks and big caliber guns. “They used everything they had,” he said. “They were firing at us without any problems.”

He said he was troubled that for two days their unit was under fire from the same Russian mortar position but Ukrainian artillery forces did not seem to do anything to knock it out.

Planes dropped cluster bombs overhead but luckily for the unit the canister opened at some distance away and the bomblets did not reach their positions, Mr. Melnyk said. He also said he saw white phosphorus dropped in the woods near their positions. It looked like a firework salute, he said, adding that a soldier in a friend’s unit had lost his sight from horrific burns.

The fighting at Dovhenke, which lies south of the town of Izium, has been particularly intense in recent weeks as Russian forces punched their way south in a move to seize the last part of the Luhansk region. Russian forces captured the village at the end of May and have continued pushing toward the town of Sloviansk.

Airstrikes remain persistently devastating, and Ukraine seems to have little defense against them, commanders and soldiers said. One soldier said his regiment lost 28 men in one night of bombardment by Russian jets last week.

Yet those who survive a close call said it inspired a greater determination. No one was ready to quit in his unit, Mr. Melnyk said.

“Everyone stayed until the end of the rotation,” he said. The group included 19- and 20-year-olds, and men in their 50s, including a former convict and men with doctorates. “It’s such a crazy mix but everyone feels the same — we must be there, we must fight and we must win.”

He was aware of the mounting casualties, he said, but the Russians lost men, too.

“If you want to win you should fight,” he said. “We don’t have another way.”

Source: https://www.nytimes.com/2022/06/08/world/europe/ukraine-war-front-line-trenches.html

RichProminent:
I think the U.S must do something to curb china's move.

What is China’s move? The US is just scared of the rapidly growing China’s economic and influential power. I don’t think anyone can stop them. They have the will, the technology and the resource to do that.

VictorUSA1:
And some people are comparing the outdated Russian-made weapons with the US-made advanced weapons? smh! The US should make delivery asap so we can keep pounding and decimating Russian boys scout in khaki.

Do you AK-47 is a Russian-made weapon? One of the most reliable assault rifles in history. Even the US makes them.

ROME — Pope Francis said that NATO “barking” at Russia’s door may have led to Vladimir Putin’s invasion of Ukraine — and said he has offered to meet the Russian president in Moscow.

In an interview with the Italian newspaper Corriere della Sera, Francis reflected on Russia’s lethal aggression toward its neighbor and said while he might not go as far as saying NATO’s presence in nearby countries “provoked” Moscow, it “perhaps facilitated” the invasion.

Francis also condemned the “brutality” of the war and compared it to Rwanda’s civil war in the 1990s, which resulted in a genocide of the Tutsi minority.

The Holy See has been asking since mid-March for a meeting between Francis and Putin in Moscow, the pope said. “Of course we needed the leader of the Kremlin to allocate a window of time. We haven’t yet had any response, and we are still trying, even if I fear that Putin can’t and doesn’t want to have this meeting at this time.”

In the interview, Francis ruled out going to Kyiv for now: “First I have to go to Moscow, first I have to meet Putin.”

Francis said he had canceled a meeting with Patriarch Kirill, the head of the Russian Orthodox Church and a key backer of Putin who has justified the war, as they both thought it would look “ambiguous” — but in a phone call said he warned Kirill not to “turn himself into Putin’s altar boy.”

Since the invasion of Ukraine, Francis has repeatedly criticized the invasion, while avoiding naming Putin explicitly, in line with the Vatican’s foreign policy of keeping the door open for possible dialogue.

The Russian embassy to the Holy See did not immediately respond to phone calls or an emailed request for comment. A spokesman for the Vatican did not respond to request for comment.

https://www.politico.eu/article/pope-francis-nato-cause-ukraine-invasion-russia/

preciousmetals:
I don't have problem with World Bank loan, my only problem have to do with Chinese loan

Why? You guys listen to too much propaganda

sweetjohn:
Oga you are educated from what I can see. How do you with all your education be comparing Cuba sanctions to Russia sanctions? Russia sanctions is directly and deliberately against their economy and other sectors of their life. It's a total war on Russia.

Secondly, there is nothing like Western media oga educationist. Russia is being hit hard and they are suffering gradually. By few month time they will be dying of hunger. This is simple arirhmatic for any educated person that want to use his senses. When you have been excluded from the earth how do you survive. No country In this world produces or has everything. Don't mention support from China o. Cos they are also hiding their own head from consequences because China economy is hugely depended on the west. Even if China is to support Russia, Oga, for how many years do you think they can support Russia with their 160+ million people? That will definitely surpressed their economy. Don't even mention islamic terrorists countries. Those ones can barely feed themselves, so it's a no go area. Even if they will try, For how many years can they cope with that?

LOL! You need to read and learn more.

Cuba's sanctions are also directly and deliberately against their economy—there are financial and banking restrictions imposed on the country. No US company or it's affiliate can trade with Cuba. At some point, Obama allowed Cuban pharmaceutical companies to do business in the U.S., and allowed Americans to legally bring Cuban cigars and rum to the U.S but trump administration reimposed them back in 2019.

I'm not disputing the fact that the Russian economy will be affected and I even believe that their GDP will shrink by a few percent. However, they won't die of hunger. So you know Russia is pretty much self-sufficient in food. (See image below). Even Nigerians aren't dying of hunger
and the best Nigeria is still worse than Russia under sanction. Nigeria is even worse than many countries in wartime. If you are really interested in how the sanctions have affected the Russian people, this is a good source: https://www.youtube.com/c/NikiProshin. He uploads new content on life in Russia almost every week.

Also, only about 30 countries have imposed sanctions on Russia—even some of those countries still trade with them (e.g in Gas, Oil, precious metals and platinum). See link: https://graphics.reuters.com/UKRAINE-CRISIS/SANCTIONS/byvrjenzmve/ The rest of the world still trades with Russia.

The world is globalized. China depends on the West as the West depends on China. It is only the media that makes it looks like it is one way.
For Example:
—General Motors in 2021 (American biggest automotive company) sold more cars in China than in the US and Europe combined, you see that's a very big market.
—Volkswagen in 2020 (The biggest car auto in Europe, if not in the world) sold almost twice the number of cars in China than those sold in the US and Europe combined.
My point here is that everyone needs each other. If any of these companies stop selling to China today, half of their market is gone and there are a lot of companies like that. And as China's middle class increases so will the market.

On the media issue, there are Western media. There are some books and journal articles about them and their roles in foreign affairs. If you have time, here is a book and a few articles that you can read to learn more;

Article: Hallin and Mancini Revisited: Four Empirical Types of Western Media Systems by Michael Brüggemann.

Article: Interpreting and Translation for Western Media in Iraq by Jerry Palmer.

Book: Western Media Systems by Jonathan Hardy.

And there is what is called Western Propaganda. If you are not part of the "Western democracy" or allied of it, there is a way you will be portrayed in the Western media. This has nothing to do with war, they have a way they want their people to perceive you and they reinforce it in every way. It's been like that before colonization and it will continue to be like that. If you have been to the US, you will know how that the average American is very ignorant about Africa or Indian, and they ask a lot of ignorant questions. Many don't know we have roads or cars. Asking stupid questions like, how did you get here? I have come to understand that it isn't their fault, it is just what they see and know about Africa. Chimamanda Ngozi Adichie gave a brilliant Ted Talk on "The Danger of a Single Story"—it's a good watch

In wartime, these media outlets publish lots of propaganda. For example in Iraq, you can read about "The Nayirah testimony". John R. MacArthur did a good job of providing a gist of what happened in this article; "How False Testimony and a Massive U.S. Propaganda Machine Bolstered George H.W. Bush’s War on Iraq"

I do not condone Russia's invasion of Ukraine. However, you have to be objective and rational— not just with your emotions and on what you want to happen based on an overload of propaganda.

TobiArchy:
Whatever reasons economic blockade was placed for it's achieving... It's major reason was to reduce the threat posed by the island nation's "alignment with the communist powers." Cuba's current inflation rate is at 70% ...and food importation is excluded.
[q[s][/s]uote author=ponziponzi post=112186745]

Sanctions will affect Russians and their quality of lives with decrease significantly but not on the scale you mentioned. You listen to too much propaganda from western media. If you really want to know how Russians live currently, you can watch Russian Youtubers (e.g Nikki from Russia)—many of the youtubers are against the war.

Do you know Cuba has been under US sanction for over 60 years? People still live there. They even give medical scholarships to more 100 countries, including Nigeria.

For a country under 60 years sanction, their inflation has remained pretty low for many years. Yes, inflation is at 70% currently. Inflation is increasing across many countries, for examples in Turkey it is currently 61%—no sanction.

Has the sanctions changed the mind of Cubans over the last 60 years — No!

muhammaduyusufu:
Cuba is a shit hole. and Cubans are always desperate to flee the country just like Nigerians are always ready to flee Nigeria.

Yes, I know.

Cuba GDP per capita is US$9,478
Nigeria GDP per capita is US$2,097.09

Cuba under sanction for 60 years still has 4 times Nigeria GDP per capital. My point is that people still live there

Source: https://unstats.un.org/unsd/snaama/Basic

sweetjohn:
By July this year Russians will be falling on the road dying of severe hunger and kwashiorkor. And some fools says Russia can survive this. How? pls come and explain to us how they will survive this

Sanctions will affect Russians and their quality of lives will decrease significantly but not on the scale you mentioned. You listen to too much propaganda from western media. If you really want to know how Russians live currently, you can watch Russian Youtubers (e.g Nikki from Russia)—many of the youtubers are against the war.

Do you know Cuba has been under US sanction for over 60 years? People still live there. They even give medical scholarships to more 100 countries, including Nigeria.

obedience4:
Stupid comment ever..
Please Ukrainians with over 20 percent Jews a country whose president is Jewish..
A country were there are a lot of Jewish monuments to comenurate the Jewish genocide.
You are here saying such country should be nazified..
Russia invaded a sovereign nation and has killed women and children, wasn't not the same why Nazi Germany started by invading Poland then France..
Sometimes you people post in niraland rubbish.
I know these is an open forum but stop spilling rubbish..

These are western newspapers before the war.

Buliwyf:
It's funny some people are shouting about 5 to 8 percent inflation in the EU. But conveniently forgetting that Russia is feeling worse. Even Putin is not as stupid as most of the Russian supporters here.
The food prices hike is mostly as a result of invasion of Ukraine by Russia and the Ukraine produces a lot of essential commodities the EU consume. So by declaring war on Ukraine, Russia broke supply lines and need to be punished and are being punished right now.

What people don't understand is that Russia is at war with the EU and US already. It's economic war. Not primitive moronic warfare Putin asslickers were expecting. Their military might is being undermined in Ukraine. And their economic power is being diminished.

Of course the US and EU will feel a little bit of it too. That is the price of war. But gradually they will recover once other nations rise to fill the demand. And they have good economic system in place. Unlike Russia whose economy is tied to fossil fuel.

Think about this you Russian bots before yapping in ignorance.

This is an European war. I don't think African should bother. There is a lot of trouble here already.

Current inflation among G20

Igbofam:
I edited my post.

Nope Nuclear energy is not the only type of energy capable of doing this.

Science is amazing isn't it?

Something else was capable of this but was missing something to make it work on that scale.

That missing link has been found

I can bet you know nothing about science. This type of discussion should be reserved for your peers where you drink beer or at that newspaper junction.

jaxxy:
When they were passing there decades ago with same China fully aware it wasn't trouble? China know wants to bully it's neighbours so it's now trouble to navigate same waters It's navigated for decades??

China is being dramatic.

They are not just passing. See the US military bases around China. Just imagine what will happen if China creates similar bases around the US.

China is not dramatic. Only one country has not stopped fighting wars since WW2—the US. Only one country has used its nuclear weapons to kill hundreds of thousands of civilians far away from its country— the US

We know the US is shit scared of China's rapid growth and the fact they don't subscribe to Democracy, scares them even more. Every country can create their own path. Live and let's live.

CoronaVirusPro:
Which country are you?

Tell me!

Two Union pay cards? Are you kidding me? That country must be one shiithole

All Chinese citizens travelling abroad for schooling and tourism to the US, Australia, Europe and Canada, what type of cards do you think they use?

Oscillator:
southern Cameroon was part of Nigeria until 1963.

Pakistan and India and Indonesia were one country until it was split.

China and Taiwan split after a civil war and the later has been self-governed since the 1940's.

So how does Taiwan belong to China if Pakistan won't belong to India.

Again, Taiwan and China are not split; that’s why Taiwan is not an independent country. Both the government in Taiwan and in Mainland China are claiming to be the legitimate one. So unlike the other countries you mentioned above, you can’t recognise both government at the same time— it’s either you recognise the one in Taiwan or the one in Mainland China.

A better example will be if Bokoharam in Sambisa and FG in Abuja both claiming to be the legitimate ruling government of Nigeria.

Oscillator:
just as southern Cameroon is Nigeria and Indonesia and Pakistan is India.

Stupid!

How are these your examples similar to Taiwan?

sotall:
By the time the West finish dealing with Russia, even China will not recognize them.

What these will create is two or more parallel international payment systems. China has started it, and these sanctions will quicken the process. The US dollar has been the international Fait currency since the 70s (accounting for close to 80% of all international transactions), I will be surprised if this is not diminished in the next decade. People that are not aligned with the West are taking notes.

Dybala11:
What do you think will happen when nukes become accessible to all countries in the world??
Imagine the likes of Boko Haram ceasing nuclear weapons from the Nigeria Army. Your comment no bam at all.

So everyone should destroy their nuclear weapons.

From history, only one country has used nukes to kill hundreds of thousands of innocent civilians living thousands of miles away from their country—The US