barrel_of_a_gun [none/use name]

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Joined 6 days ago
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Cake day: September 10th, 2025

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  • https://hexbear.net/comment/6505016

    This dude Arnaud Bertrand is always hyping up everything and anything. I guess if you get a XHS take, who hypes nothing ever, you can triangulate how important that stuff is. Its basicaly some general fiscal and market economy signals going into the the next 5YP.

    Firstly that some sectors should reign in price wars and consolidate (EVs in particular), and signals the CPC may be ready to pull the plug of this development phase in EVs and some other high tech sectors and eliminate smaller players while keeping the winners and more predictable market practices.

    “promote ‘orderly exit’ of outdated capacities”,“improve fiscal systems, statistical frameworks, and credit mechanisms to promote market unity” “rein in ‘chaos’ in local practices of attracting investments”

    I guess these are some about local government dept, financial mechanisms, liquidity and swaps. Its signals from the party that some “centrally supervised capital discipline” project is in order and will continue. More importantly liquidating local government financing vehicles (LGFVs) -and the dept accumulated allong the way that everyone has been fearmongering about- that basically acted as a shroud to veil the very undisciplined financial behaviors of local govts. According to this recent gov paper reviewing the last 5 year plan

    “By the end of June 2025, over 60% of financing platforms had exited, meaning that over 60% of these platforms’ hidden debts had been eliminated” . Most likely a mix of land collateral asset holding firms and real estate firms getting unwound. The CPC in general seems less concerned about a systemic danger from local dept situation than it was a couple of years ago. Restructuring and cleaning up of local finance has been quitely going on, with some pain of course, and will continue

    Also this

    from the HB news mega