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Homer Anthropos

@homer1980.bsky.social
141 followers 100 following 340 posts

εἷς οἰωνὸς ἄριστος ἀμύνεσθαι περὶ πάτρης

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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 22/09/2026
Bloomberg: "Chinese gold imports through August topped 1,000 tons, surpassing the total posted for the whole of 2025." www.bloomberg.com/news/article...
bloomberg.com
China’s Gold Imports Top 1,000 Tons on Strong Investment Demand
Chinese gold imports are at record levels this year, helped by a slump in international prices and a firmer yuan.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 22/09/2026
1/6 SCMP: "Beijing should expand central government borrowing and accelerate local debt restructuring, as China’s relatively low price levels offer a rare window for stronger fiscal support to bolster demand, according to some prominent Chinese economists." sc.mp/yupro?utm_so...
sc.mp
Economists urge Beijing to act fast on local-level debt while prices remain low
Prominent advisers note importance of central authorities expanding borrowing to fund infrastructure before the current window of subdued inflation closes.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 20/09/2026
Interesting Xinhua article on China's determination to expand its share of global manufacturing: "Defying intense pressures at home and abroad, China's manufacturing sector has forged ahead, accounting for nearly 30 percent of the global total." english.news.cn/20260918/45d...
english.news.cn
Xi Focus: Steering China's strides toward manufacturing powerhouse
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 20/09/2026
2/2 "The rally," Caixin explains, "was steered in part by the People’s Bank of China, which set its daily benchmark fixing stronger for eight consecutive trading days to guide market expectations." With the Trump–Xi summit scheduled for September 24, this probably doesn't come as a surprise.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 18/09/2026
Caixin: "Traditional bank loans have fallen to less than 60% of China’s total credit supply for the first time in seven years, as plunging interest rates drive corporate and government borrowers into the bond market." www.caixinglobal.com/2026-09-16/a...
caixinglobal.com
Analysis: Plunging Yields and Debt Swaps Are Rewiring China’s Credit Market
The shift reflects a prolonged low-interest-rate environment and Beijing’s sweeping local government debt-resolution plan, which are accelerating the transition toward direct financing
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 18/09/2026
Caixin: "A growing number of doctoral graduates from elite universities are bypassing traditional careers in academia and research to take jobs as secondary school teachers, driven by an oversupplied labor market and fierce competition for university posts." www.caixinglobal.com/2026-09-17/c...
caixinglobal.com
China’s PhD Glut Drives Top Graduates to High School Teaching Jobs
Elite graduates from universities like Cambridge and Tsinghua are opting for the stability and lucrative perks of secondary education as excessive competition and an oversupply of doctoral degrees upe...
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 13/09/2026
According to Yicai, in the first eight months of the year, Beijing’s second-hand home sales rose 5.9 percent from a year earlier, reaching the highest level in five years, although, despite the rebound in sales, second-hand home prices continued to decline. www.yicaiglobal.com/news/beijing...
yicaiglobal.com
Beijing Home Sales Climb, Inventory Shrinks in Month After Policy Easing
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 13/09/2026
1/4 Caixin: "China’s top anti-graft watchdog and the Ministry of Finance have publicly identified several local officials for either adding new hidden government debt or overstating progress in resolving existing liabilities." www.caixinglobal.com/2026-09-12/c...
caixinglobal.com
China Names and Shames Local Officials Over Hidden Debt Violations
A joint circular from the anti-graft watchdog and the finance ministry details six typical cases of creating new hidden debt or falsifying debt resolution progress
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 10/09/2026
Caixin: "Retail sales of passenger cars in China plummeted 23.6% year-on-year in August, marking the second-sharpest monthly decline this year." Evidence perhaps that consumer vouchers don't increase consumption so much as move it forward. www.caixinglobal.com/2026-09-09/c...
caixinglobal.com
China’s Passenger Car Sales Slump 24% in August
Monthly sharp decline puts a full-year contraction nearly inescapable even as automakers intensify promotions
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 10/09/2026
SCMP: "Jewellery demand plunged 33.88 per cent year on year to 132.1 tonnes in the first six months of this year, while demand for safe-haven gold bars and coins rose 28.42 per cent to 339.3 tonnes. Total gold consumption increased by 1.23 per cent." www.scmp.com/economy/chin...
scmp.com
Gold jewellery loses its lustre as Chinese switch focus to bars and coins
High prices and decline in marriages cited as reasons for one-third drop in jewellery sales in first half of year.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 10/09/2026
1/2 Bloomberg: "“The basic logic of a trade war isn’t about who wins or loses — it’s about the ability to inflict pain,” said Tu Xinquan, a former adviser to China’s Commerce Ministry. “Ultimately, it tests which side has a greater capacity to withstand that pain.”" www.bloomberg.com/news/article...
bloomberg.com
Europe Is Trying to Gauge How Much Pain It Can Take From China
It was a bittersweet moment for Sönke Siegfriedsen when his revolutionary design for a floating offshore wind turbine was pitched to Spain’s prime minister in April.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 07/09/2026
1/4 Bloomberg: "China is injecting 300 billion yuan into its largest banks and insurers, part of the nation’s biggest recapitalization in almost two decades, to shore up the strength of its financial system and sustain lending as economic growth slows." www.bloomberg.com/news/article...
bloomberg.com
Iron Ore Tops $100 on Position Unwinds and China Buying Hopes
Iron ore broke above $100 a ton for the first time in seven weeks as traders unwound bets that favored coking coal, adding to support from expectations for pre-holiday restocking in China and high fre...
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 08/09/2026
1/2 Caixin: "The goal is to prevent a race to the bottom. Automakers quickly fell in line, issuing pledges to comply. But curing this spillover of excessive competition requires a look at the disease itself. The root cause lies firmly within China’s borders." www.caixinglobal.com/2026-09-07/c...
caixinglobal.com
Commentary: Zombie Automakers Are Fueling China’s Export Chaos
Beijing is trying to police how its automakers compete overseas, but the root of the problem is a domestic price war fueled by local protectionism
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The Ukrainian Review @theukrainianreview.bsky.social · 07/09/2026
🇨🇳‼️POLITICO reports that Chinese state-owned Jilin Chemical Fiber Group supplied 46 tons of PAN precursor to a sanctioned Rosatom subsidiary that produces carbon fiber for Russia’s Shahed-style attack drones. Documents show the shipment was disguised under a civilian customs code.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 04/09/2026
1/2 SCMP: "The outstanding balance of stocks bought with borrowed money dropped to 2.62 trillion yuan on Thursday after a brief rebound in August. That was 13% below an all-time high of 3.01 trillion yuan set on... www.scmp.com/business/chi...
scmp.com
Chinese stock margin debt continues to unwind as Treasury yields weigh on markets
The outstanding balance of stocks bought with borrowed money dropped to US$390.1 billion on Thursday after a brief rebound in August.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 28/08/2026
Wow. According to SCMP, "Attracting foreign consumers has become a key strategy for China to stimulate its slowing economy. As the country’s gateway city, Shanghai holds natural advantages in this arena, which are reflected in its officials’ ambitions." sc.mp/2523l?utm_so...
sc.mp
‘On-the-ground exports’: Shanghai turns to foreign tourists to boost consumption
Inbound visitors are considered a low-cost initiative to address the nation’s consumption figures.
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Michael Pettis @michaelpettis.bsky.social · 28/08/2026
1/10 Financial Times: "Thailand’s household debt stands at 86 per cent of GDP, the highest among upper middle-income countries in the world, according to HSBC, with consumers using loans to fund daily expenses amid slowing economic and wage growth." www.ft.com/content/daea...
ft.com
Why Thailand has one of the world’s lowest interest rates
The south-east Asian country is ageing before it gets rich, while high debt levels are inhibiting the spending that might spur the economy
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 28/08/2026
Good, but worrying, Caixin article: "A bruising labor market is driving record numbers of Chinese college graduates to low-paying grassroots community jobs, but local governments are increasingly closing the door on this once-reliable employment safety net." www.caixinglobal.com/2026-08-28/i...
caixinglobal.com
In Depth: Chinese Graduates Swarm Grassroots Jobs as Government Hiring Shrinks
Local governments are slashing quotas for public-sector and rural assistance programs, leaving highly educated youth with dwindling options and fueling extreme credential inflation
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 26/08/2026
1/2 Caixin: "Local Chinese governments are increasingly relying on fines and asset confiscations to offset mounting fiscal pressures. This dynamic is especially pronounced in cities where local Communist Party chiefs face intense career promotion pressures." www.caixinglobal.com/2026-08-25/c...
caixinglobal.com
Cash-Strapped Chinese Cities Turn to Fines for Revenue, Study Shows
Profit-driven law enforcement by local governments is deterring new businesses in vulnerable sectors
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Michael Pettis @michaelpettis.bsky.social · 26/08/2026
1/ Caixin: "China’s flagship state newspaper has used a prominent pseudonymous commentary series to defend the country’s slowing economic growth and signal that Beijing will resist large-scale stimulus. Responding to market attention on macroeconomic... www.caixinglobal.com/2026-08-25/c...
caixinglobal.com
China Signals No ‘Bazooka’ Stimulus in Key State Media Commentaries
Pseudonymous People’s Daily series defends 4.7% economic growth and warns against heavy debt reliance
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Reposted by Homer Anthropos
Savchenko Volodymyr @savchenkoua.bsky.social · 26/08/2026
‼️ WSJ: Russia's new jet-powered Shahed drones fly at 300 mph, three times faster than the classic propeller version, and they exist because of 🇨🇳Chinese engines. Chinese-origin parts now make up roughly 60-65% of recovered Shaheds.
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 26/08/2026
1/2 "China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today." carnegieendowment.org/china-financ...
carnegieendowment.org
Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalanc...
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 26/08/2026
1/3 Bloomberg: "Rules requiring that only eligible projects qualify for a key funding program announced by China nearly half a year ago to shore up investment may impose “greater constraints” on its deployment, according to Caitong analysts." www.bloomberg.com/news/article...
bloomberg.com
China’s $119 Billion Answer to Sagging Investment Is Coming Late
A key funding program announced by China nearly half a year ago to shore up investment has yet to get off the ground, according to Caitong Securities Co., a delay that could blunt its impact as econom...
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Naval News @navalnews.com · 25/08/2026
The Australian and Western Australian governments have finalized the site layout for the Henderson Defence Precinct, paving the way for AUKUS submarine sustainment and naval shipbuilding 🇦🇺🦘 www.navalnews.com/naval-news/2...
navalnews.com
Australia Selects Site Layout for Henderson Defence Precinct - Naval News
The Australian and Western Australian governments have finalized the site layout for the Henderson Defence Precinct, paving the way for AUKUS submarine sustainment and naval shipbuilding.
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Reposted by Homer Anthropos
Pierre Polyester @canadian-critic.bsky.social · 24/08/2026
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 25/08/2026
Xinhua: "China's EV charging infrastructure has continued to expand swiftly, with the total number of charging points reaching 23.68 million by the end of July 2026, up 41.9 percent year on year." english.news.cn/20260825/215...
english.news.cn
China's EV charging infrastructure expands rapidly in first seven months
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Reposted by Homer Anthropos
Michael Pettis @michaelpettis.bsky.social · 21/08/2026
1/4 Yicai: "China’s authorities have released a slew of new policy initiatives to try and combat the worrying slowdown in investment growth. Fixed asset investment fell 6.7% in the first seven months of 2026, with private investment tumbling 9.4%." www.yicaiglobal.com/news/multipl...
yicaiglobal.com
China Takes Steps to Boost Confidence as Investment Growth Slows
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Reposted by Homer Anthropos
reconron @thereccelizard.bsky.social · 12/08/2026
A bit of context: www.9dashline.com/article/the-...
9dashline.com
The Russian military build-up on Japan’s northern frontier
Written by James DJ Brown. Tokyo has little option but to stand firm, enhance cooperation with democratic partners, especially the United States, and demonstrate that Japan, while not acting aggressiv...
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Reposted by Homer Anthropos
Sven-Erik Volberg @volberg.bsky.social · 13/08/2026
🇨🇳 #PLAN growth 2016 vs 2026
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Savchenko Volodymyr @savchenkoua.bsky.social · 12/08/2026
🇨🇳🇮🇩 FT: China and Indonesia plan rare joint naval drills east of 🇹🇼Taiwan, prompting Taiwan to accuse Beijing of trying to legitimize its claims over the waters. Indonesia says it is a routine "passing exercise" and not a war-fighting drill.
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Militarnyi @militarnyi.com · 10/08/2026
🇧🇾 Service members of the Special Operations Forces of the Belarusian Armed Forces have departed for China to participate in the joint Belarusian-Chinese tactical exercises Swift Eagle 2026. militarnyi.com/en/news/bela...
militarnyi.com
Belarus Sent Special Forces to China for Joint Tactical Exercises
Service members of the Special Operations Forces of the Belarusian Armed Forces have departed for China to participate in the joint Belarusian-Chinese
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OSINTRadar @osintradar.bsky.social · 07/08/2026
Turkey, Saudi Arabia, and Pakistan signed their new trilateral defense agreement, "Mecca Agreement." The most important part of the Mecca Agreement is a collective defense clause. Any military attack against one of the three countries will be considered an attack against all of them.
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Politico @politico.com · 06/08/2026
Exclusive: Pentagon policy chief Elbridge Colby has been trying to get an invite to visit Beijing. China’s government is making it clear he’s not welcome.
politico.com
Pentagon policy chief can’t get invited to Beijing
Anger over U.S. arms sales to Taiwan appears to have played a role in China's decision.
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Michael Pettis @michaelpettis.bsky.social · 07/08/2026
In 2026 H1, China's gold consumption was up 1.2%, with jewelry consumption falling 33.88% to 132.13 tonnes and gold bar and coin consumption surging 28.42% to 339.34 tonnes." Chinese gold imports clearly belong more in the capital account than in the trade account. english.news.cn/20260806/82d...
english.news.cn
China's gold consumption patterns diverge amid volatile prices
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Michael Pettis @michaelpettis.bsky.social · 07/08/2026
1/2 Li Daokui: "The overall judgment is that new drivers of growth have not yet been created, while the old growth engines of recent decades have already faded." sinocism.notion.site/Li-Daokui-Ch...
sinocism.notion.site
Li Daokui: China’s Biggest Economic Problem Is Not K-Shaped Divergence, but an Economy That Is Cold Overall | Notion
Translated by ChatGPT, edited by Sinocism.com
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S'Pammy Cassandra 🦩💥 @nafoffs.bsky.social · 06/08/2026
oilprice.com/Energy/Energ...
oilprice.com
China, Turkey Relations Strained After EV Investment Fallout | OilPrice.com
The investment setback has strained China-Turkey relations, prompting Beijing to launch a diplomatic and media campaign aimed at preserving broader strategic and economic ties.
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Michael Pettis @michaelpettis.bsky.social · 05/08/2026
Financial Times: "Beijing is stepping up efforts to attract foreigners to its sovereign debt by building out futures contracts and other bond market infrastructure." www.ft.com/content/0fe0...
ft.com
China courts global investors with bond market tweaks
Building out market infrastructure is welcome but the country’s economic challenges could remain a deterrent
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Institute for the Study of War @thestudyofwar.bsky.social · 31/07/2026
NEW: The Economist reported on July 23 that PLA soldiers have undergone combat training at a Russian military complex. The PLA is likely aiming to improve its ability to conduct unmanned systems warfare and operate in a drone-saturated environment. (1/5) Full update: isw.pub/ChinaTaiwanU...
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Savchenko Volodymyr @savchenkoua.bsky.social · 27/07/2026
🇨🇳🇺🇸 China says it will retaliate if the US sanctions Chinese AI companies over claims they copied American AI models through distillation, - Reuters Beijing calls allegations baseless and "AI hegemony," defends distillation as a common industry practice, urges AI cooperation instead of sanctions.
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The Ukrainian Review @theukrainianreview.bsky.social · 24/07/2026
🇨🇳 SCMP: Satellite images reveal a previously unknown Chinese nuclear attack submarine with an ultra-low-profile sail, a design aimed at improving underwater stealth. Its size and features suggest it's comparable to the U.S. Virginia-class.
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NOELREPORTS @noelreports.com · 10/07/2026
❗️ Russia and China have intensified military coordination and are preparing for possible confrontation with the West, Der Spiegel reported. The two countries held closed military forums and joint Pacific drills involving live fire and missile defense. #Russia
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Militarnyi @militarnyi.com · 02/07/2026
🇨🇳Chinese President Xi Jinping outlined his vision for China’s future, which calls for strengthening military power, expanding international influence, and shaping a new architecture of the world order. militarnyi.com/en/news/chin...
militarnyi.com
Historic Speech in Beijing: China Sets Its Sights on a New-Era Military and a New World Order
Chinese President Xi Jinping outlined his vision for China’s future, which calls for strengthening military power, expanding international influence, and shaping a new architecture of the world order....
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MAKS 26 👀🇺🇦 @maks23.bsky.social · 25/06/2026
🇨🇳🇺🇸 Bloomberg: Satellite imagery indicates China has built a mock Arleigh Burke-class destroyer at a missile test site in the Taklamakan Desert. The replica is the latest in a series of U.S. Navy ship mock-ups believed to be used for testing anti-ship missiles.
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Prune60 @prune602.bsky.social · 23/06/2026
“The US lifted sanctions against Gazprombank First Vice President Puzyrnikova.” WHY? “The US also lifted sanctions against Anton Krugovov and Tamara Topchiy.” WHY?!!!!!! www.kommersant.ru/doc/8763281
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Ron Filipkowski @ronfilipkowski.bsky.social · 10/06/2026
That’s called a bribe.
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Militarnyi @militarnyi.com · 12/06/2026
🔎The European Union (EU) has confirmed reports that China provided training to “hundreds” of Russian military personnel, some of whom later participated in the war against Ukraine. militarnyi.com/en/news/eu-c...
militarnyi.com
EU Officials Confirm Training of Russian Military Personnel in China
The European Union (EU) has confirmed reports that China provided training to “hundreds” of Russian military personnel, some of whom later participated in the war against Ukraine.This was reported by ...
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Mjkwho @mjkwho.bsky.social · 08/06/2026
This needs to be understood.
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Joni Askola @joniaskola.bsky.social · 09/06/2026
The European far right sides with Russia. They don’t even hide it
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David Roberts @volts.wtf · 08/06/2026
"Something remarkable happened in April. For the first time in history, wind and solar generated more electricity than gas across the entire planet. Not in a country. Not in a region. Globally." Tons of great news here from Danny Kennedy (via @billmckibben.bsky.social's newsletter, which rules).
proelectrica.substack.com
Elite Cognitive Dissonance and the Asian Energy Disruption
Notes from the Field — Singapore & Indonesia, May 2026
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H I Sutton @covertshores.bsky.social · 07/06/2026
New images of the Chinese Navy's (PLAN) modified Type-022 missile boat. A new superstructure replaces the missile bins at the stern. Possibly command and control, or electronic warfare missions. #OSINT
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