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Video: Karaoke party at home less than 24 hours after returning from HK with friends in SF Bay Area. Love it lives it HK style 從香港回來不到24小時，和舊金山灣區的朋友在家裡卡拉ok享受歡樂時光.

Video: NVidia excess capacity forced to slash prices on AI chips as Huawei's first offering is faster, performs better 由於華為首款產品速度更快、性能更好，NVidia 產能過剩被迫大幅削減 AI 晶片價格 Just one year after entering the market for Artificial Intelligence chips, Huawei is already pushing NVidia to aggressively cut prices in a bid to stay competitive in China, which contributes a large share of NVidia's revenues and profits. Huawei's Ascend 910-B was introduced as a rival chip to NVidia's H20, which was designed for the Chinese market. The Ascend is reportedly faster and shows superior performance, and commands a higher price. Experts predicted in just October of last year that Huawei would need five to ten years to compete effectively against NVidia in the AI chips market. But the recent experience of NVidia mirrors that of Tesla and Apple, who were also forced to slash prices in China to remain competitive. Tesla and Apple, however, have huge advantages that are not available to NVidia: both use China as its factory, to export to markets around the world. NVidia doesn't enjoy that option. 進入人工智慧晶片市場僅一年後，華為就已經在推動英偉達大幅降價，以保持在佔英偉達收入和利潤很大份額的中國市場的競爭力。 華為的Ascend 910-B是作為NVidia H20的競爭對手晶片推出的，後者專為中國市場設計。 據報道，Ascend 速度更快，性能優越，但價格更高。 去年10月，專家預測，華為需要五到十年的時間才能在AI晶片市場與英偉達進行有效競爭。 但英偉達最近的經驗與特斯拉和蘋果相似，它們也被迫在中國大幅降價來保持競爭力。 然而，特斯拉和蘋果擁有英偉達所沒有的巨大優勢：兩者都以中國為工廠，向全球市場出口。 NVidia 不喜歡這個選擇.

Video: Excellent dim sum lunch at quiet atmosphere with good service 美味的點心午餐，安靜的氛圍和良好的服務

Video: Hong Kong Tsz Shan Monastery visit 參觀香港慈山寺on Friday May 24 2024

Video: China isn't dumping dollars. They're dumping banks, and setting up a new financial system. 中國沒有拋售美元。他們正在拋棄銀行，建立新的金融體系. China runs massive trade surpluses with North America and Europe. Those markets pay in US Dollars or in Euro. Every day China earns about $2.7 billion USD and about 500 million Euro in surplus trade from those areas. Typically a country will re-invest those trading surpluses into investments into those same countries. In economics this is called Balance of Payments. China, however, is not doing so. They are instead bringing these surplus USD and euro out of Western banks, to capitalize a new banking system. China directed its Belgian custodian to liquidate $53 billion in US government notes and agency paper in the first quarter, and these moves almost certainly resulted in large trading losses. Interest rates are far higher today than when China bought the bonds, so any sales in the secondary market would reflect higher yields and lower market prices. That they were willing to accept steep losses on such a huge portfolio on bonds demonstrates a strong urgency to move the assets away from Europe as quickly as possible, and out of bonded debt as quickly as possible and into more liquid instruments. Many countries are anxious to establish and use a new financial system, a network of banks that is completely outside of SWIFT and of Western government oversight and sanctions risk. To capitalize such a system, large pools of USD and euro will be required to make markets and fund trade settlements. What's more, the USD and Euro that are now in Chinese banks, in China, can be used to collateralized new loans in any currency, and create new economic growth elsewhere. 中國與北美和歐洲存在巨額貿易順差。這些市場以美元或歐元支付。中國每天從這些地區獲得約27億美元和約5億歐元的順差貿易收入。 通常，一個國家會將這些貿易盈餘重新投資到這些國家。在經濟學中，這稱為國際收支平衡。然而中國並沒有這麼做。相反，他們將這些盈餘美元和歐元從西方銀行撤出，以資本化新的銀行體系。 中國指示其比利時託管機構在第一季清算 530 億美元的美國政府票據和機構票據，這些措施幾乎肯定會導致巨額交易損失。現今的利率遠高於中國購買債券時的水平，因此二級市場上的任何銷售都將反映出更高的收益率和更低的市場價格。他們願意接受如此龐大的債券投資組合的巨額損失，這表明迫切需要盡快將資產從歐洲轉移出來，並儘快擺脫債券債務並轉向更具流動性的工具。 許多國家急於建立和使用新的金融體系，即一個完全不受 SWIFT 影響、不受西方政府監管和製裁風險影響的銀行網絡。為了利用這樣一個系統，需要大量的美元和歐元來建立市場並為貿易結算提供資金。 更重要的是，現在存在於中國銀行的美元和歐元可以用來抵押任何貨幣的新貸款，並在其他地方創造新的經濟成長.

Video: China and Russia join forces to move towards a new era for common prosperity for the human race 中俄聯手，邁向新時代為了人類命運共同體共同繁榮. Complete story https://youtu.be/LOXmEOc7vEU?si=xN1Yn2N7OxV00a22

Video: Is this the future of naval air power? China launches world's first drone aircraft carrier. 這是海軍航空兵的未來嗎？中國下水了世界上第一艘無人機航空母艦. In a potentially major shift in force projection and naval doctrine, China has built what analysts believe is the world's first aircraft carrier for drones. According to naval experts, the traditional aircraft carrier may already be obsolete, chiefly because of its staggering cost and its vulnerability. Drone carriers, by contrast, would be much smaller, faster, far less expensive, and require just a fraction of the crew. Yet they will still project power far beyond a nation's borders. 分析家認為，中國建造了世界上第一艘無人機航空母艦，這可能是兵力投送和海軍理論的重大轉變。 海軍專家表示，傳統的航空母艦可能已經過時了，主要是因為其成本驚人且脆弱。 相較之下，無人機航母會更小、更快、更便宜，只需要一小部分機組人員。 然而，他們仍將力量投射到遠遠超出國家邊界的地方.

Video: The spokesman for the UN Secretary-General reaffirms Taiwan as a province of China. 聯合國秘書長發言人重申台灣是中國的一個省.

Dedollarization & Deeuro to accelerate against thieves & robbers video: As EU plans to use seized Russian funds to buy arms for Ukraine, China moves billions out of Europe 去美元化和去歐元必須加速打擊小偷和強盜! 歐盟計畫利用扣押的俄羅斯資金為烏克蘭購買武器，中國將數十億美元撤出歐洲 The EU and G7 are considering a US-backed plan that will use the interest income on Russia's frozen bank reserves to buy weapons for the Ukraine. There is about $300 billion in Russian assets that are frozen in EU member banks. This money is earning interest, at about $3.6 billion per year. Officials are crafting plans to direct, instead, this interest to provide weapons and other aid to the Ukraine. An even more ambitious plan is being considered, which will use the interest to collateralize a large bond offering of between $40-$50 billion, to be repaid with the interest income on the seized funds. An announcement that China liquidated over $50 billion of US Treasury bonds in just the first quarter of 2024 shocked capital markets. These funds were held in custody by banks in Belgium. The sales included large tranches of US government bonds and housing agency debt. Also surprising is that China almost certainly realized losses on the sales, as interest rates have risen since their purchase of them. Were the sales of the Belgian-custodied bonds motivated by China's fear of having assets similarly frozen and weaponized? Under these new precedents in the Western banking system, who in the future will be making claims against sovereign depositors' assets? 歐盟和七國集團正在考慮一項美國支持的計劃，該計劃將利用俄羅斯凍結的銀行儲備的利息收入為烏克蘭購買武器。 歐盟成員國銀行中約有3000億美元的俄羅斯資產被凍結。 這筆錢正在賺取利息，每年約 36 億美元。 官員們正在製定計劃，以引導這種向烏克蘭提供武器和其他援助的興趣。 一項更雄心勃勃的計劃正在考慮中，該計劃將使用利息來抵押 40 至 500 億美元的大型債券發行，並用扣押資金的利息收入進行償還。 中國宣佈光在2024年第一季就清算了超過500億美元的美國國債，震驚了資本市場。 這些資金由比利時的銀行保管。 此次出售包括大量美國政府債券和住房機構債務。 同樣令人驚訝的是，中國幾乎肯定會在銷售上遭受損失，因為自購買這些產品以來利率已經上升。 出售比利時託管的債券是否是因為中國擔心資產同樣被凍結和武器化？ 根據西方銀行體系的這些新先例，未來誰會對主權存戶的資產提出債權？

HK breakfast video: one breakfast at McDoxxxd in Hawai’i without fresh eggs, frozen bacon & hash brown & coffee cost US$14. Two excess capacity HK breakfast cost only US$11.00 serves inside a clean air conditioning restaurant by servers and you pay no tips or taxes. The world loves excessive capacity except US & EU because they are unable to compete just like the EV, therefore they could overcharged Americans but unable to compete in the real world due to overpriced. 香港早餐: 一份夏威夷McDoxxxd的早餐，沒有新鮮雞蛋、冷藏培根、薯餅和無味淡咖啡，價格為14美元。在香港兩份產能過剩港式早餐僅需 11.00 美元，由服務員在乾淨的空調餐廳內提供，無需支付小費或稅費。世界都喜歡產能過剩，除了美國和歐盟，因為他們不須要競爭被美國政府保護，所以可以向客戶收取過高的費用，就像電動汔車一樣，所以今天美國企業無法與現實世界競爭!

Video: 6th day in HK, beautiful sunrise Victoria Harbour view. The excess capacity demonized by US on both HK & China are fake news propaganda, the reality is it benefits visitors & residents alike everything is 30-60% less than US allowing average citizens a taste of good life! 在香港第六天，維多利亞港美麗的日出景色。美國妖魔化香港和中國產能過剩都是假新聞宣傳，事實上是讓遊客和居民都有利，所有產品和服務的價格都比美國低30-60%！不像美國是有錢人的專利, 讓普通人民也可以享受更高質生活.

Video: With China and the Federal Reserve dumping Treasury bonds, yields will soar as US investors step in 隨著中國和聯準會拋售國債，美國投資者介入，殖利率將飆升 China and the Federal Reserve were two of the largest buyers of Treasury bonds since 2010. Now both China and the Fed are selling Treasuries: in China's case to reduce their risk of US dollar holdings, and in the Fed's, to rein in runaway inflation that resulted from decades of Fed policy error. Japan is the largest foreign holder of US government debt. However Japan now runs chronic trade surpluses, instead of deficits, and have also scaled back their Treasury holdings. The US government will be rolling over $8 trillion in maturing paper in 2024, and will need to finance an additional $3 trillion in new deficit spending. Almost all this new issuance will be absorbed by US investors, who will demand far higher yields to compensate for higher inflation and opportunity cost. 自2010年以來，中國和聯準會是美國國債的最大買家。幾十年來政策錯誤的結果。 日本是美國政府債務的最大外國持有者。 然而，日本現在長期存在貿易順差，而不是赤字，也縮減了其國債持有量。 美國政府將在 2024 年將超過 8 兆美元的到期票據展期，並需要為額外的 3 兆美元的新赤字支出提供資金。 幾乎所有新發行的債券都將被美國投資者吸收，他們將要求更高的收益率，以補償更高的通膨和機會成本

Video: Both UH & RHS alumni, invited them for casual lunch at our home in SF when their cruise ship passed through on 5-23-23, since RHS reunion in Nov 2023 looking back on what is the value of 1/2 a century of friendship in today’s challenging world? 自香港玫瑰崗學校去年十一月在香港重聚以來，我們是夏威夷大學和香港玫瑰崗學校校友，去年23 年 5 月 23 日他們過境美國我邀請他們到我們舊金山的家中共進午餐，回顧在當今充滿挑戰的世界中 1/2 世紀的友誼是什麼價值?

Video: PLA holds joint drills surrounding Taiwan island to punish secessionist forces 解放軍舉行環台聯合演練懲治分裂勢力

Prof. Jeffery Sachs video: “China is not a threat to the US. China is a threat to the claim that the US runs the world, and that is leading to a neurotic reaction.” 薩克斯教授：「中國對美國不是威脅。 中國對美國統治世界的主張構成了威脅，這正在導致神經質反應.

Video: catching up with University of Hawaii roommate at lunch in HK 在香港與夏威夷大學室友共進午餐 on Thursday May 23 2024

Video: This seems to be a good company to handle your renovation projects in HK. The following is a sample message after new clients sign the contract 美國回流客人青衣單位全屋翻新💪🏼💪🏼 公司開單簽約裝修設計一條龍💪🏼 多個單位港九新界同步進行🏃🏻🏃🏻🏃🏻🏃🏻 感謝各位客人無比的信任 耀文裝修團隊對每一個工程單位都認真對待💪 細心聆聽每位客人需求☺️從聆聽中提供設計方案😉 全屋裝修或翻新設計大家可以隨時搵我地查詢了解 有多個實際案例提供參考😉😉😉 https://youtu.be/E6xja-jg2sQ https://youtu.be/HIp7FT0bvgE https://youtu.be/ybKbTg5u8rA https://youtu.be/VzUvVbyqLD0 歡迎預約門市查詢 荃灣橫龍街48-56號宏龍工業大廈2005室 ☺️☺️☺️☺️☺️ 耀文裝飾設計承接各 #公屋 #居屋 #村屋 #私人樓 大小單位 #全屋定制 #裝修設計 #天台防水 工程. 提供 #上門度尺 #裝修報價 #專業設計 快啲搵我地查詢報價裝修設計啦✍️✍️✍️ #喜瑤樓 #啟鑽苑 #富蝶邨 #青富苑 #菁田邨 #驥華苑 #冠山苑 #啟翔苑 #安秀苑 #愉德苑 #青蘭樓 #青河樓 #業旺邨 #顯發邨 #安樺苑 #安麗苑 #安楹苑

Video: taking advantage of HK excess capacity almost everything at 50% off, meeting with friends of over 50 years. 利用香港產能過剩，幾乎所有東西都50%折扣，與50多年的朋友見面.

Richard: thanks for the lovely dinner at the Hong Kong Jockey Club and the valuable Hong Kong & China updates, hope you enjoy the Opus One Wine, it is one of the best from California. I cannot agreed with you more that Hong Kong is where the action is. My grandfather and father used to tells us HK is 一個福地 and they are right. It is also where my heart belongs. We are looking forward seeing you again in November or sooner.

The US again proves hostile to new manufacturing video: friends or foes they are not welcomed in America, lessons from CATL, world's biggest battery maker 美國再次對新製造業表現出敵意：無論是朋友還是敵人，他們在美國都不受歡迎，全球最大電池製造商寧德時代的教訓 CATL is the world's largest maker of lithium-ion batteries, with over 30% of the global market. They have supply contracts with Ford Motor to produce EV batteries for Ford's new line of electric Mustang SUV's and Lightning pickups. CATL, a Chinese manufacturer, hoped to build a factory in the US, but gave up. The United States is increasingly viewed as hostile to foreign manufacturing investment, as recent headlines in mining, minerals processing, automaking, chemicals, and semiconductor manufacturing confirm. CATL instead will invest billions of dollars for new facilities in Bolivia, Germany, and Hungary, among other places. For the US, CATL will shift to a tech licensing scheme, through which Ford and others will pay CATL for each battery they produce using CATL's proprietary technology. Negotiations are also underway with Tesla, who already uses CATL batteries in their vehicles for other markets. 寧德時代是全球最大的鋰離子電池製造商，擁有全球30%以上的市場份額。 他們與福特汽車公司簽訂了供應合同，為福特新系列電動野馬 SUV 和 Lightning 皮卡生產電動車電池。 中國製造商寧德時代曾希望在美國建廠，但最終放棄了。 正如最近採礦、礦物加工、汽車製造、化學品和半導體製造領域的頭條新聞所證實的那樣，美國越來越被視為對外國製造業投資懷有敵意。 相反，寧德時代將在玻利維亞、德國和匈牙利等地投資數十億美元建設新工廠。 對於美國，寧德時代將轉向技術許可計劃，福特和其他公司將透過該計劃向寧德時代支付他們使用寧德時代專有技術生產的每個電池的費用。 與特斯拉的談判也在進行中，特斯拉已經在其他市場的車輛中使用寧德時代的電池。

Hong Kong excess capacity report day 2 video: We visit this Won Ton Noodle place every time in HK at 50% less than SF and taste better. We visited building contractor friend in Tsuen Wan where we are working on a project, you don’t find Chinese contractors like them in SF or Hawai’i, everything custom made at 50% less than US. We hosted a baby pig dinner with relatives for 8 at US$250 65% less than SF or Hawai’i and taste far better than those in US, no tax or tips required which save you another 30%. The excess capacity is actually improved the living standards of the average Hong Kong citizens. For Chinese earning US$, the spending power is 2-4x better than in the US. We took a taxi in Tsuen Wen, the driver asked where we came from, we told him from US. He said his kids left US after college, US no longer safe with drugs, gun violence, police brutality and China haters. I asked how he know, he said he watch it on YouTube, WeChat and TitTok everyday. I asked I thought young kids love America. He said are you kidding all his kids classmates and friends came back to HK making good money. I asked what did they studied. He said son studies computer science and daughter electrical engineer. It was a short 10 minutes ride. We end our conversation by wishing each others the very best. If you live in US, US Gov’t made excess capacity such a bad thing but in reality is just the opposite. Like my father and grandfather told us, don’t believe what people say, be there to find out yourself. 產能過剩香港報告第二天: 我們每次在香港都會去這家餛飩麵店，價格比美國便宜50% 而且美國吃不到的美味. 拜訪荃灣的建築承包商朋友，我們要在香港做一個項目，你找不到像他們這樣的中國人承包商在舊金山或夏威夷，所有裝修都是度身訂造都比美國便宜 50%。 我們請香港親人共8 個人的小豬晚餐，價格比舊金山或夏威夷便宜 65% 以上，而且味道比美國的好得多，無需繳稅或小費，又節省了 30%。產能過剩其實是提高了香港普通市民的生活水準。對於住在國外賺美元的中國人來說，消費能力是美國的 2-4 倍。我們在荃灣搭計程車，司機問我們從哪裡來，我們告訴他從美國來。他說，他的孩子們大學畢業後離開了美國，美國不再安全，充滿毒品、槍支暴力、警察暴行和仇恨中國的人。我問他怎麼知道的，他說他每天都在YouTube、微信和TitTok上看。我問不是年輕人都喜歡美國嗎? 他說我一定是在開玩笑吧，他的孩子同學和朋友都回到香港賺更多錢。我問他們學什麼。他說兒子學習電腦科學，女兒是電機工程師。車程短短 10 分鐘。我們以互相祝福來結束我們的談話。如果你住在美國，美國政府把產能過剩說成是一件壞事，但實際上卻恰恰相反。就像我的父親和祖父告訴我們的那樣，不要相信別人所說的話，要親自去體驗，他們的智慧幫助了蔡家近一百名成員.

Video: Nation’s industrial outputs determine who wins the war! China is 30x better than US. China 🇨🇳 war drills, using less than 2% of its weapons capabilities, Western analysts commented, this exercise broke the record for war drills in the world, Taiwanese people were speechless watching this video 國家的工業產出決定誰贏得戰爭！ 中國比美國好30倍。 😁中国🇨🇳军事演习，动用武器不到2%，西方分析人士评论，这次演习打破了世界军事演习纪录，台湾民众看完视频无语了😁

US ‘human rights diplomacy’ only defined by oligarchs, lobbies, Israel, Jews and majority of US elected politicians bought by Israel pledge their loyalties to Israel and not Americans who voted them in offices. 美國的「人權外交」僅由寡頭、遊說團體、以色列、猶太人和大多數被以色列收買的美國民選政客來定義，他們承諾效忠以色列，而不是投票給他們的美國人. https://www.tiktok.com/t/ZPRKe2om7/

Daniel Runde video: BRIis an ambitious and hopeful project that speaks to the aspirations of China’s friends and potential friends. I hate it because it’s just not our idea...” 「一帶一路」是一個雄心勃勃、充滿希望的項目，它表達了中國朋友和潛在朋友的願望。 我討厭它，因為這不是我們的主意… Daniel Runde is a senior executive and strategist in international development, international trade, investment, global business and organizational change. 他是國際發展、國際貿易、投資、全球業務和組織變革領域的高階主管和策略家

Video: US complaining China has excess capacity. Arrived in HK this morning, shocking that HK has excess capacity too. Everything so inexpensive because of HK excess capacity benefiting people in HK. 美國抱怨中國產能過剩。今天早上抵達香港，震撼香港也產能過剩。 由於香港產能過剩，一切都如此便宜，使香港人民受益. Excess capacity in HK according to US standards, breakfast dim sum was 60% less than SF. Mobile phone I got 2 lines with unlimited data at 60% less than T-Mobile & AT&T. Real 5G internet service 75% less than Comcast, Hawaiian Tel and Spectrum. The young goose dinner we just had not the old goose taste like rubber in SF at 60% less. 香港產能過剩依照美國標準，早餐點心比三藩市平易60%。手機2 條電話線和無限數據，比 T-Mobile 和 AT&T 便宜 60%。真正的 5G 網路服務比 Comcast、Hawaiian Tel 和 Spectrum 便宜 75%。 我們剛剛吃的燒鵝晚餐不像舊金山橡膠那麼老鵝便宜60% We met with Americans in HK, they said US has excessive capacity too such as weapons of mass destruction dropped on Women & Children in Gaza, excess capacity in printing US$ the biggest ponzi scam in the world, excess capacity in demonizing others by shifting blame. Excess capacity in creating homeless and prison populations. 我們在香港和美國人談論中美的產能過剩問題, 他們說美國也有產能過剩，例如向加薩婦女兒童投放大規模殺傷性的產能過剩武器，印鈔美元的產能過剩，美國產能過剩成為世界上最大的龐氏騙局幕後黑手. 推卸責任來妖魔化他人的能力也是產能過剩，產能過剩造成地增加無家可歸者和監獄人口.