Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
channel.
-
👴👧 Chinese youth are engaging in retrostyle consumption activities typically associated with the elderly, such as dining at affordable community cantens and joining sunset travel groups.
00:13
Young people are attending piano classes at elderly universities alongside older individuals.
The affordability of these elderly piano classes is attracting young people.
The classes now have a mix of both elderly and young participants.
! Young people working outside face immense pressure and economic burden, leaving little room for dreams and love.
02:34
A young woman faced harsh realities in her job postgraduation, including extended forced overtime and a mental breakdown.
Many young people are unemployed and struggling to find work, adding to their life's pressures.
The overwhelming economic burden and meager salaries have stripped young people of everything, leaving little room for dreams and love.
! The mall in Shanghai is almost empty, reflecting the tough times for physical stores due to the slumping economy.
05:02
The mall is almost empty, even during the typically busy time.
Many shops in the mall are shut, and there are hardly any customers.
The down Center on the second floor has suddenly closed, and there are few customers in the remaining shops.
! Aquatic product prices increase by 0.5% while lamb prices hit a low point due to reduced consumption and financial constraints.
07:56
Mutton prices are at their lowest in recent years due to decreased daily consumption and financial constraints.
Core inflation in October slowed to a mere 0.6% year-on-year growth.
😔 Increasing discontent among the Chinese populace due to concerns about the sluggish economy and troubled real estate market during the zero covid policy period.
10:35
Widespread discontent with the Chinese Communist Party's zero covid policy led to protests across various regions in China.
Chinese adults believe their society is filled with discontent and fatigue under Xi Jinping's prioritization of security, shifting focus more towards economic development.
Domestic challenges in China and their consequences have led to a softening in attitudes towards the west, with a 9% decrease in the proportion of Chinese adults viewing the United States positively.
1
-
1
-
💼 Honda's layoffs in China due to production reduction and termination of dispatch contracts, leading to financial compensation and assistance for affected employees.
00:33
Honda's layoffs attributed to reduction in production and termination of dispatch contracts.
Financial compensation and assistance provided to affected employees.
First significant staff reduction for Honda since joint venture in 1998.
📉 The economic performance in China has been the opposite of expectations, with significant decline in major indicators and a notable downturn for GAC Honda.
03:16
China's major economic indicators showed a significant decline with the real estate debt crisis worsening, numerous factories closing, and enterprises going bankrupt.
GAC Honda experienced a notable downturn, with a significant decrease in vehicle sales in the Chinese market for the third consecutive year.
🏭 Companies are losing confidence in China, leading to the relocation of investment and headquarters due to various factors such as supply chain issues and geopolitical risks.
06:23
Japanese automaker Honda rumored to be pursuing deification and reducing its dependence on the Chinese supply chain as early as August 2022.
The covid-19 outbreak and resulting lockdowns in Wuhan disrupted Honda's supply chain and production, leading to the consideration of restructuring the supply chain.
In response to geopolitical risks, Honda plans to rebuild its local supply chain and continue vehicle production in China.
🚗 Honda and LG Energy Solution are investing in electric vehicle production in North America, possibly due to US government subsidies and Japanese companies moving out of China.
09:16
Honda and LG Energy Solution are independently investing 700 million to retrofit factories for electric vehicle production in North America.
The US government will provide subsidies to electric vehicle consumers starting next year, with prerequisites for localization and domestic production.
Japanese companies moving out of China may be accelerating, possibly influencing the investment in North America.
💼 Sudden layoffs in the automotive industry causing financial pressure and uncertainty.
12:29
GAC Toyota announced layoffs in a pillar industry, leaving thousands unemployed.
Mitsubishi's decision to stop car production in China and invest in electric vehicles.
1
-
1
-
1
-
1
-
💼 Several major financial institutions, including Vanguard Group and BlackRock, have withdrawn from the Chinese market.
00:00
Several other financial institutions have also exited the Chinese market.
BlackRock closed its China flexible wealth fund.
Vanguard Group, America's largest fund management company, has officially exited the Chinese market.
💼 Canadian pension funds are withdrawing from China due to the negative impact of China's COVID-19 policies on the economy.
03:33
The fund's net assets amount to 570 billion Canadian dollars with a 10-year nominal net return rate of 10%.
The United States accounts for the largest share of the fund's investment at 36%, followed by Asia Pacific at 26%.
Other Canadian pension funds, including the Ontario teachers Pension Plan and cdpq, have also withdrawn from China.
📉 Experts believe that China's current economic situation meets several signs of an imminent financial crisis, which may worsen due to temporary suppression of information and administrative intervention.
07:48
The US-China trade war triggered systemic financial risks in China.
The three-year pandemic and collective default of real estate developers unveiled systemic financial risks in China.
The Federal Reserve's consecutive interest hikes and the bursting of the real estate bubble further worsened the financial situation in China.
🚫 Foreign businesses are becoming increasingly apprehensive about operating in China due to strict regulations and safety concerns.
11:15
Foreign businesses are considering leaving China quickly due to commercial and personal safety concerns.
Chinese authorities barred a chairman of an investment banking company from leaving mainland China, confirming industry concerns.
The introduction of China's anti-espionage law has led to sell-offs of mainland Chinese stocks by foreign institutions and accelerated their withdrawal from the Hong Kong stock market.
📉 China's increasingly opaque practices in publishing corporate and economic data are driving investors away from the country.
14:36
China is turning into a black hole of investment information, with frequent restrictions on foreign businesses obtaining local economic data.
Obtaining data in China has become more difficult, leading to a drastic reduction in research time on Chinese stocks for investment firms.
Chinese officials have stopped publishing detailed financial data and real-time information on unemployment rates and mutual fund net asset values.
1
-
1
-
1
-
1
-
😱 Homeowners in Suzhou's Jinxiu Lanshan community are facing the devastating reality of living in toxic buildings due to contaminated soil.
00:12
The soil where their homes were built is contaminated with carcinogenic substances exceeding safe limits by 50 times.
Those who bought homes but haven't moved in yet face significant financial losses due to unfinished construction or plummeting property values.
Secondary market prices have dropped to as low as 5,000 yuan per square meter, an 86% decrease, following the revelation of the toxic land.
🚫 The Suzhou Green Coast project, once hailed as a million-square-meter urban complex, has become a ghost town due to a 'toxic soil' incident.
04:19
The 'toxic soil' incident has resulted in the suspension of sales for 2,800 residential units and the whole regional project becoming vacant.
The area is marked with warning signs stating 'pollution risks' and the project appears overgrown and desolate.
The incident was first brought to light by the British Reading School, and the project was initially positioned as high-end but now faces major issues.
🏢 Jiangsu Sugang Group responds to 'toxic land' incident involving pollution in coking area of Plot No. 4.
08:24
Pollution in coking area mainly concentrated in a part of Plot No. 4.
Remediation conducted by Suzhou Green Coast to restore polluted area.
Jiangsu Sugang Group provides explanations on disclosure, testing, Plot No. 2, and construction operations.
🏭 The video discusses a toxic soil incident in China involving the Lujiazui Group and the local government's practice of turning polluted land into treasure.
12:19
Lujiazui Group bought land using funds from their trust fund, which is due for payment this year but they are unable to pay.
Lujiazui Group is trying to shift the blame and win a lawsuit against Suzhou Steel Group to get the money to pay back.
The toxic soil incident reveals the complexity and extent of land pollution cases in China, as well as the local government's practice of converting polluted land into valuable assets.
🏢 Buying properties on toxic land in Suzhou poses a direct threat to life and has escalated to an international level.
16:05
The purchase of properties on toxic land in Suzhou is worse than buying unfinished buildings as it poses a potential threat to life.
Both Susteel Group and Lujiazui colluded to cheat the common people and are now facing a massive claim for damages.
The discovery of land pollution and carcinogens at an international school has escalated the issue to an international level, with Lujiazui seeking billions in compensation.
1
-
🏪 The once famous musical instrument street in Shanghai has experienced a significant decrease in consumer demand, resulting in the closure of many shops.
00:16
Most of the shops in the musical instrument street of Shanghai have closed down.
Only one shop is still open for business on the street.
The closure of shops indicates a decline in consumer demand.
📉 China's trade growth is uncertain due to factors such as domestic demand, limited effects of government measures, and the impact of the zero-COVID policy on economic activities.
03:17
Government measures to boost economic growth may have limited effects due to slow recovery in the labor market and uncertainty in household income prospects.
China's economic activities are hampered by the zero-COVID policy, leading to a reduction in household incomes and cooling consumer spending.
China's trade surplus in August fell to $68 billion, lower than expected and previous months.
💼 Business in the food and beverage sector has hit rock bottom, with owners struggling to pinpoint the exact cause of the slump.
06:24
Restaurant owner's business dropped from making 2000-3000 yuan a day to just a few hundred.
Competition in the food and beverage industry is fierce, with every merchant vying for customers.
Business this year is even worse than during the three years of the pandemic.
📉 Recent indicators suggest a decline in foreign investment in China, with key investment metrics at historical lows.
09:39
Vietnam's share of U.S. imports reached almost 4%, slightly below the peak in 2022.
Mexico accounted for a record high of 15% of U.S. imports in the past twelve months.
China is no longer a favored hotspot for foreign investors, with investment metrics plummeting to historical lows.
1
-
1
-
1
-
1
-
"Wealthy Chinese Individuals Desperately Fleeing $50 Billion/Month from China to Avoid CCP's Financial Control and Tax Investigations, Resorting to Gold, Foreign Currencies, and Overseas Real Estate"
💰 Chinese wealthy are moving assets out of the country by purchasing gold bars, foreign currencies, and overseas real estate to avoid CCP's financial control.
00:00
Customs discovered 1 million yuan in cash in a passenger's luggage at Shenyang Taoxian International Airport.
00:00
Driver caught hiding two gold bars in his shoes at Guangdong Zhuhai Airport, Gongbei Customs.
00:16
Chinese wealthy are rapidly moving assets out of the Chinese financial market by purchasing gold bars, insurance policies, and luxury apartments overseas.
00:36
About 50 billion dollars are flowing out of China each month on average, primarily from Chinese households and private businesses.
01:02
Chinese are buying small gold bars and stuffing them into their carry-on luggage to circumvent the Chinese government's strict control over transferring funds overseas.
01:15
Chinese buyers are the main purchasers of Tokyo apartments priced over 3 million dollars, often paying with cash carried in suitcases.
01:31
Chinese wealthy are opening bank accounts in Hong Kong and purchasing insurance products denominated in U.S. dollars for overseas asset allocation.
02:11
💰 The Chinese government is targeting the wealthy through tax investigations and extortionate methods due to economic downturns and financial pressures.
03:12
Chinese citizens paid 21.3% more for new insurance policies compared to 2019, indicating unease about the post-pandemic recovery and economic direction under Xi Jinping's rule.
03:12
Foreign capital is massively withdrawing from China, leading the CCP to target the country's wealthy class.
03:56
China is asking banks to scrutinize the assets of the wealthy, and those with assets over 30 million yuan are being asked to surrender 20% of their wealth or face comprehensive tax investigations.
04:10
Local CCP governments are extorting the wealthy through tax investigations due to economic downturns and financial pressures.
05:02
The wealthy are defined as businesspeople and those successful in various fields, and they often become aware of the CCP's brutality, official corruption, and societal darkness.
05:27
The CCP targets the wealthy for not aligning with the party and for having money that can be extracted, and they are also targeting those with democratic ideas.
05:48
The CCP is putting the wealthy at great risk through blatant robbery and extortionate methods.
06:15
💰 The video discusses the capital flight and desperation of wealthy individuals in China under the CCP's control.
06:29
Meng Jun advises the wealthy to urgently sell off assets and leave the country
06:29
Many wealthy individuals are transferring their assets out of China, particularly to the US and Canada
07:05
Over ten thousand wealthy individuals emigrated from China in 2022, surpassing Russia in net outflow
07:57
Capital outflows reached $49 billion in August and a net outflow of $53.9 billion in September, the largest since December 2015
08:27
Chinese investment strategy expert advises people to 'run' due to lack of confidence in CCP leader Xi Jinping
08:46
Challenges in getting money out of China, with speculation about money laundering to transfer funds
09:07
Discussion about potential methods of getting money out of China, including by water and land routes
09:20
💰 The video discusses the strict capital control measures implemented by the CCP in China, and the methods used by wealthy Chinese individuals to circumvent these restrictions.
09:46
CCP has implemented strict control measures to prevent capital outflow from China, including limiting individual annual foreign exchange purchase quota to $50,000 per person.
09:46
Chinese residents are prohibited from opening new offshore trading accounts with local brokerages, and new investments by existing customers are under strict surveillance.
10:25
Underground money houses have flourished but have been repeatedly suppressed by the authorities in mainland China.
10:58
Chinese regulatory authorities have closed almost all gambling channels to Macau, impacting wealthy Chinese individuals' ability to transfer money overseas through gambling trips.
11:22
Wealthy Chinese families and businesses find means to transfer funds abroad, including methods like 'ant moving house' and 'knocking' by underground money houses.
11:51
Singapore has become the preferred destination for wealthy Chinese emigrants, with a significant increase in the number of Chinese-funded enterprises registered in the country.
12:33
High-ranking executives from Alibaba have settled in Singapore, and the country is seen as a haven for wealthy Chinese individuals.
12:43
📉 The video discusses the economic challenges faced by China, including money laundering, emigration, and potential recession.
13:13
Elite companies and wealthy individuals easily move large sums of money out of China through unconventional means.
13:13
Some Chinese individuals take illegal routes to emigrate to the U.S. due to their dissatisfaction with the CCP.
14:03
China is facing potential economic recession, deflation, and increasing domestic economic pressures.
14:20
Outside first-tier cities, China's economic situation looks worse with declining foreign investment and lowered growth forecasts.
14:31
Experts predict that China's economy may experience negative growth or a severe economic crisis in the future.
15:01
A senior fellow at the Hudson Institute believes that China's economic development has reached its limits.
15:18
The idea of China overtaking the U.S. economically is deemed to be over by experts due to the current economic situation.
15:41
1
-
1
-
1
-
1
-
💰 China is facing financial turmoil as wealthy individuals are being targeted for high taxes, leading to a potential exodus of entrepreneurs and economic instability.
00:20
Party officials in China are targeting wealthy individuals for high taxes, leading to a choice of handing over 20% of their assets or risk a full tax audit.
The Chinese Ministry of State Security published an article highlighting the risks and challenges to financial security, including attempts to create disturbances for profit and shake international confidence in investing in China.
Wealthy Chinese individuals are reconsidering their financial situation under the new circumstances, potentially leading to an exodus of entrepreneurs and presenting new challenges to maintaining financial security.
💰 China's outward investment has surpassed foreign direct investment by 20.6%, reaching an astonishing 60% of the cumulative trade surplus.
04:13
China's outward investment surpasses foreign direct investment by 20.6%
The total scale of China's outward investment compared to the cumulative trade surplus reaches 60%
Private enterprises and foreign funded enterprises account for a significant portion of the massive investment
💰 The video discusses the actual utilization of foreign capital by industry in China from 2005 to 2022, focusing on direct investment by foreign entities.
08:17
Direct foreign investment in China's financial sector was nearly $96 billion in wholesale and retail, $62.11 billion in business services.
China's ODI in the financial sector was $3.9 billion more than triple the size of foreign investment in the same sector in China.
The large investment in the financial sector raises questions about its actual deployment and the presence of Chinese banks and securities firms abroad.
💰 The top echelons of power in China are using foreign investments for money laundering and to accumulate significant foreign wealth.
12:05
China's foreign investments primarily represent asset transfers by the top CCP Elites and are substantially comprised of fake investments, mostly laundered overseas.
57.7% of China's foreign investments are channeled through Hong Kong, a critical hub for money laundering activities, with significant amounts also directed to the British Virgin Islands and the Cayman Islands.
China's direct investment in Hong Kong amounted to $1.6 trillion in 2022, primarily distributed across key sectors like leasing and business services, wholesale and retail, and the financial sector.
🔍 An investigation by the European Union reveals Xi Jinping's family's involvement in the electric vehicle industry and profiting from subsidies.
15:49
Xi Jinping's family is expanding the electric vehicle industry and profiting from subsidies and construction of new factories.
Daniel Foa, the foreign son-in-law of Xi Jinping's family, is involved in the industry and was appointed to a board in China.
The Chinese Communist Party aims to dominate the global electric vehicle market with the support of CCP Elites, resorting to price wars.
1
-
"The Economic Downturn in China: The Harsh Challenges Faced by Young People, from Unemployment and Exploitation to the Struggles of Job Hunting and Survival in the City, and the Impact of a 'Giving Up' Attitude on the Country's Economy"
😔 The video discusses the challenges faced by young people in China due to the economic downturn, leading to widespread unemployment and difficult living conditions.
00:00
Many young people in China are struggling to find work and are forced to take temporary jobs or even end up on the streets.
00:00
The 'sonho gods' work for one day, rest for three days, and survive on a daily wage of 100 unen, living in harsh conditions.
00:28
They live in internet cafes, on the streets, or in crowded rooms, and survive on cheap instant noodles and water.
01:19
Some of them have been in Shenzhen for several years and struggle to find steady employment, facing exploitation and deception.
02:22
😔 A day laborer in China faces exploitation and challenges in earning a living.
03:13
Brother Tan waits for promised pickup that never arrives
03:13
He works long hours for low pay at a hotel
03:27
Struggles with transportation and additional fees
04:16
Injured on the job and denied treatment and pay
05:15
Confronts the boss but is met with indifference
05:38
🌆 The struggles of job hunting and survival in the city for young graduates.
05:57
Brother Tan laments the struggles of job hunting and the impact of illegal activities in Sanho.
05:57
Many Sanha gods are burdened with debts and lack the necessary IDs for housing and employment.
06:19
Sanha gods are mainly middle-aged men and women from rural areas with limited education, struggling with job seeking.
06:33
The term 'sweat shops' is used to describe the poor working conditions faced by many in employment.
06:55
The narrator reflects on the tough job market, their own struggles, and the decision to take on part-time gigs for survival.
07:18
The narrator finds joy and new experiences in various part-time gigs, embracing a socially isolated but free lifestyle.
08:11
💔 Migrant workers in Chinese factories endure harsh conditions and turn to internet cafes for escape and solace.
08:53
Migrant workers in Chinese factories face strenuous and harsh working conditions with unattractive wages.
08:53
Many new generation migrant workers feel hopeless in cities, leading to the emergence of the 'sonha Gods' who barely survive on day-to-day wages.
09:13
One young man's experience as a 'sonha God' led him to seek escape in internet cafes and cheap hotels in Sanha.
09:56
Internet cafes serve as a gateway to escape for the youth of sanha, offering a temporary relief from their harsh reality.
11:14
📉 The video discusses the impact of a 'giving up' attitude among Chinese youth on the country's economy.
11:47
Brother Yu's experience with the 'sanha' gods in China
11:47
The existence of low-income community clusters in Shenzhen
12:29
Chinese government's focus on promoting positive energy and avoiding criticism
12:52
The helplessness of those at the bottom of society in the face of economic downturns
13:05
The coping mechanism of giving up among young people in China
13:19
The potential threat of this pessimistic attitude to China's slowing economy
13:26
The widespread dissemination of the concept of giving up on social media
13:39
1
-
🇨🇳 The sudden demise of former Chinese premier Lee Hang has sparked mourning activities and speculation about the cause of his death.
00:07
The people have initiated mourning activities on a large scale, met with resistance from authorities.
Speculation suggests Lee may have been poisoned by the Shanghai armed police, with Commander Chin Yan as the mastermind.
Xi Jinping inspected several locations in Shanghai, reigniting speculations linking Chin's disappearance to Lee's death.
💼 The video discusses the rapid promotion and potential murder of a high-ranking Chinese official, as well as power struggles within the Chinese government.
04:03
Lee became the commander of the Shanghai armed police cores, indicating support from Xi Jinping.
There is speculation about Lee's potential murder and Xi Jinping's desire to establish a new era by eliminating political rivals.
The upcoming struggle within the Chinese government will focus on cleansing those supportive of Leo Jang, potentially leading to division and infighting.
💔 The sudden death of a high-ranking Chinese government official sparks public mourning and controversy over the official narrative.
08:01
A senior nurse doubts Lee's death was from a heart condition due to security measures in place for high-ranking officials.
The overwhelming public mourning for Lee is rare in Chinese government political figures, reminiscent of the passing of former General Secretary Hu Ya Bang.
Online memorials for Lee were suppressed, and comments on related posts were disabled, leading to controversy over the official narrative.
💼 The video discusses the economic philosophy of Chinese Premier Li Keqiang and his advocacy for the street vendor economy during the 2020 covid-19 outbreak.
12:01
Li Keqiang's economic philosophy focused on avoiding large-scale stimulus, deleveraging, and empowering the market.
Li Keqiang emphasized the importance of the street vendor economy for providing immediate local employment opportunities during the pandemic.
Li Keqiang's advocacy for the street vendor economy was met with opposition from official media, cooling enthusiasm for the concept.
📚 Controversial educational and political journey of a Chinese figure.
15:48
Questionable educational background and advancement
Controversy surrounding the authenticity of the doctorate degree
Perceived hindrance by Xi Jinping and resulting societal regression
1
-
1
-
1
-
Chinese Elderly Take a Stand: 80 Million Refuse to Pay Pensions, Prompted by Financial Struggles and Lack of Government Support
😔 Elderly vendors in China continue to work despite their age due to financial constraints and lack of government support.
00:18
The 79-year-old vendor relies on selling vegetables and his pension to make ends meet.
00:18
The elderly man pays his medical bills out of pocket and recently spent thousands of yuan on treatment.
00:32
The aging population in China is rapidly increasing, leading to issues surrounding aged care.
01:19
The one-child policy in China has led to a burden on the middle-aged generation who have to support both sets of parents.
02:00
Many people born in the 80s and 90s are constantly at the hospital accompanying their parents and children.
02:23
💰 China is facing a retirement wave as the post-1960s generation retires, leading to inadequate pension funds and wealth disparities.
02:51
China will face its largest-ever retirement wave in the next decade, with the post-1960s generation retiring at an average rate of 20 million people per year.
02:51
The shrinking employed population and growing elderly population in China lead to inadequate pension funds.
03:23
Around 38 million people in China have suspended their pension insurance, and 43 million have completely withdrawn.
03:38
The situation poses risks to social stability, exacerbates wealth disparities, and reflects public dissatisfaction with government public services and social investments.
04:01
Many people lack optimism about future economic prospects and prefer to focus on their present living conditions.
04:56
📊 The pension system in China has significant disparities between government employees, enterprise workers, and rural residents, with government retirees receiving much higher pensions.
06:17
In Yingtan, the average monthly pension for government employees is 5,080 yuan, while enterprise retirees receive 2,368 yuan, and rural retirees receive only 207 yuan.
06:17
Similar disparities exist in Changchun, where government and public institution pensions are 1.8 times higher than those of enterprise employees and 41 times higher than rural residents.
07:12
The average monthly pension for urban retirees in China is 3,326 yuan, while rural retirees receive only 179 yuan.
07:52
There are approximately 130 million rural elderly people aged over 60 in China, and their pensions are significantly lower than their urban counterparts.
08:05
The CCP's pension system lacks adequate support for the rapidly aging migrant worker population.
09:26
😔 Migrant workers in China face inadequate retirement benefits and lack of pension support, leading to delayed retirement age and hindrance to young labor.
09:35
Rural hukou prevents migrant workers from enjoying better retirement benefits available to urban salaried workers.
09:35
Inadequate social security payments for migrant workers, averaging between 100 yuan and 200 yuan per month.
09:47
China's pension system has a problem of not being able to cover expenditures, with 70% of provinces outliving their pension funds.
10:17
Reduction in medical benefits for the elderly, affecting over 300 million urban residents.
11:01
Protests by retirees demanding the roll back of measures to reduce health benefits in Wuhan, Dalian, and Guangzhou.
12:13
😔 Retired workers in China are protesting against a reduction in their medical insurance benefits, which they argue is a breach of contract and leaves them unable to afford necessary healthcare.
12:52
The medical insurance amount for retired workers in China was cut from 320 renminbi to 160 renminbi, causing widespread dissatisfaction.
12:52
Retirees argue that the reduction in medical insurance benefits is not only illegal but also a breach of contract.
13:31
Many elderly people rely on this small amount of money for healthcare expenses, but the new policy is insufficient to cover even basic needs.
13:49
There is widespread dissatisfaction among the Chinese public due to inadequate medical insurance benefits, and protests are unlikely to settle down easily.
14:33
China's aging population is increasing, with estimates suggesting that by 2035, the elderly population will exceed 400 million, constituting over 30% of the total population.
15:24
📉 China's pension funds may be depleted by 2035, exacerbating the youth unemployment crisis.
16:34
China's pension funds might be depleted by 2035, according to a report.
16:34
China's government is encouraging older workers to re-enter the workforce to bridge the pension gap.
17:21
Promoting employment among the elderly may worsen youth unemployment in China.
17:38
Chinese youth unemployment rate exceeds 21%, much higher than the OECD average.
17:57
As youth unemployment rises and wage-earning individuals decrease, contributions to the pension fund will diminish.
1
-
1
-
1
-
1
-
1
-
1
-
⛈ Typhoon Haikui causes severe flooding and destruction in Fujian and Guangdong.
00:23
Typhoon Haikui makes landfall in Fujian and Guangdong, causing widespread flooding and collapsing buildings.
The typhoon also hits Taiwan twice, bringing heavy rains and strong winds.
Fuqing County in Fuzhou records extreme rainfall, setting a new historical record.
🌧 Severe flooding caused by heavy rains and strong winds in Fujian province.
04:23
The factory is washed away and damages are everywhere.
9 reservoirs in Anxi County are discharging floodwaters, causing extensive flooding downstream.
Fuzhou city experiences fierce winds, heavy rains, and flooding after the typhoon made landfall.
💨 The name of the typhoon 'Haikui' attracted attention as it was changed from 'Dragon King' following a request from Chinese officials.
08:56
The naming list for tropical cyclones in the Northwestern Pacific was established by the World Meteorological Organization Typhoon Committee in 2000.
The naming convention involves five lists contributed by 14 member countries, with names used cyclically.
The typhoon 'Haikui' resulted in 147 deaths and over 39 injuries in 2005.
⛈ Heavy rain and flooding caused significant damage to farmland, infrastructure, and houses in Fuzhou.
12:14
Flooded farmland amounted to 4194 hectares, with 170 road and bridge damages, 919 houses damaged, 67 houses collapsed, 125 power lines down, 85 kilometers of communication lines and 21 communication bases were damaged.
Direct economic loss amounted to 552 million yuan.
The release of water from reservoirs exacerbated the impact of the local flood disasters, with 49 out of 420 reservoirs in Fuzhou exceeding the flood limit levels.
⚠ The Dongzhang Reservoir in Fuqing is in a desolate state due to poor foundation, leading to frequent flood discharge during heavy rain.
16:17
Landslides and leaks occur in the rainy season due to deep excavation of canals and hanging of slopes beside mountains.
Large-scale reinforcement and expansion projects were carried out from 1961 to 1966, but leakage issues persisted.
Several local reservoirs discharged water without warning during Typhoon Saola, leading to flooding in some areas.
1
-
📅 On August 18th, Simon Electronics disbanded and many other factories in Shenzhen also shut down, leaving workers unemployed.
00:00
Simon Electronics officially disbanded after 38 years, impacting Hong Kong workers who value traditions and customs.
Other factories in Shenzhen also started shutting down on August 18th, with rumors of bosses unable to pay wages.
Xinon Electronics dissolved due to global economic downturn and decreased orders, potentially shifting orders to an overseas factory in Indonesia.
💼 Taiwan-based company Airmate announced over 8,000 layoffs in Shenzhen, sparking attention.
05:38
Airmate, originally known as Dongfu Electronics, established factories in Shenzhen in 1991 and 2001.
Airmate's product range includes electric fans, heaters, and other small appliances, with their electric fans being highly popular.
Airmate refuted rumors of a complete withdrawal, but previous reports suggest significant changes in their operations.
🏭 Foxconn in Shenzhen is experiencing a decline in workforce and facing challenges with R&D transformation due to the Birdcage economy policy.
11:15
Foxconn employees have reduced work hours and now have a two-day weekend.
Foxconn has constructed two R&D buildings in the Guanlan district of Shenzhen.
The Birdcage economy policy is a significant reason behind the decline of Shenzhen's manufacturing sector.
1
-
1
-
😔 The speaker discusses the challenges they have faced in the foreign trade business this year, including a major client going bankrupt and a decline in orders.
00:07
The speaker's business has been operating at a loss since the beginning of the year.
One of their major American clients has gone bankrupt, resulting in no orders.
The speaker is struggling to find new clients and the monthly expenses are becoming unbearable.
📉 China's foreign trade sector is experiencing a significant decline, with a year-on-year decrease of 55% in revenue and a 74% decrease in net profit.
03:21
Revenue for the first three quarters reached 135 billion yen, down 5.7 billion yen year-on-year.
Cargo volume dropped by 6% in the first three quarters, with the transpacific route experiencing a 10% decline.
Both the transpacific and Asia Europe routes saw a substantial decline in revenue, falling nearly 70% year-on-year.
📉 China's exports have been declining for six consecutive months while imports have seen positive growth.
06:47
China's total import and export in October 2023 amounted to $493 billion, with exports down by 6.4% and imports up by 3%.
The trade surplus of China narrowed by 31% to $56.5 billion.
Foreign invested enterprises in China also experienced a significant downturn in import and export activities.
📉 China's export decline indicates suppressed global demand and the need for domestic growth drivers.
09:32
Media analysis suggests that the decline in Chinese exports could harm market confidence.
Economists predict a continued decline in Chinese exports, bottoming out around mid next year.
Chinese exports have been declining since May, with a consecutive 3-month decline.
📉 China's foreign trade is facing immense pressure due to factors like the pandemic, economic slowdown, and falling demand.
12:51
China's leading container manufacturer, CIMC, reported significant profit declines due to a decrease in shipping container production and accumulation in Chinese ports.
The number of containers arriving at Chinese ports far exceeds those leaving, leading to a decline in shipping prices and revenue for CIMC.
A slump in manufacturing export orders has resulted in a decline in demand for export maritime shipping, further impacting CIMC's revenue.
1
-
1
-
📉 China's manufacturing sector is experiencing a significant decline in orders for the American holiday shopping season.
00:18
Orders for gift box manufacturer Brothers Box have sharply dropped, impacting their peak shipping season.
The Nikkei Asian Review reports that Dongguan is also facing similar challenges.
Dongguan suppliers have not initiated hiring drives and have maintained low wages.
📉 The city of Dongguan in China is experiencing a decline in economic activity due to a shift in global manufacturing trends.
02:32
The once-vibrant city of Dongguan is now desolate, with empty bus and train stations and vacant shops.
Over half of U.S. companies have shifted their production from China to Southeast Asia and India, with Japan and South Korea following this trend.
Dell, the world's third-largest computer corporation, will no longer produce chips in China by 2024.
📉 China's prominence in the global supply chain might diminish due to lower production costs in the US, technological advancements, and increased complexities for foreign entrepreneurs.
04:45
US production costs were 5 percent lower than in China, including costs for land, logistics, financing, taxation, electricity, and natural gas.
Technological advancements in automation and robotics are amplifying the cost advantages of Western nations.
Foreign entries in China declined to 50,000 in the first quarter of this year due to increased complexities and surveillance.
📊 China's working population is under significant strain due to a high ratio of workers supporting dependents, eroding incomes, and declining birth rates.
06:58
China's working population of 740 million includes 60 million in non-economic roles, leaving only 680 million contributing to the economy.
Each active worker in China supports approximately 2.09 individuals, a higher ratio compared to countries like India, Pakistan, and Myanmar.
The strain on China's working population is evident in escalating family responsibilities, eroding incomes, declining purchasing power, and a drop in birth rates from 9 million to 7 million.
⚠ China is facing a significant political and social crisis with a declining economy, unemployment, and loss of trust in its systems.
09:29
China's economic trajectory has been waning post-pandemic, with skyrocketing unemployment, private sector insolvencies, and foreign capital flight.
Trust in China's systems has dried up, and common ground has crumbled, leading to a looming political tempest.
A sweeping push for nationalization under Xi Jinping's leadership has alienated the middle class, entrepreneurs, and the youth, eroding faith in the governing body.
1
-
1
-
I think as a result of the CCP's re-education of Li Jiaqi, Li Jiaqi is no longer the King of Chinese E-Commerce Sales but Li Jiaqi now behaves more like a queen than a king as he was during that e-commerce live-stream make-up sale. I respected Li Jiaqi when he presented the ice-cream cake with decorations that looked like a tank; which happened hours before the anniversary of the June 4 Tiananmen Square protests and mässäcr€ that used to be monumentalised in Hong Kong. Now, Li Jiaqi appears to be pretending that the CCP is pleasant and superior to Chinese people. Li Jiaqi was implying that the Chinese economy has been experiencing rapid growth over the last few years, and Chinese businesspeople are entirely to blame for their salaries not keeping up with the growth of the Chinese economy. Li Jiaqi should go ahead change his English name from Austin to Ryan and his Chinese surname from Li to XI to be more similar to Supreme Compatriot Xi Jinping and to express his admiration for Comrade Chairman Xi Jinping. Think of it, Xi Jinping and Xi Jiaqi sitting in a tree....
💰 The rising prices of Chinese cosmetic brands and the stagnant wages in China's economy have caused a stir online.
Here are the timestamps you needed:
00:08
During a live stream, e-commerce mogul Lijachi rebuffed comments about the high prices of Chinese cosmetic brands and questioned whether wages have increased.
The incident highlighted the critical state of China's economy and drew widespread attention from international media.
The 79 Yuan eyebrow pencil, while seemingly affordable for some, became a symbol of financial consciousness amidst the economic downturn in China.
📉 China's economy is experiencing a decline, particularly in the retail industry, with major retail giants closing down.
04:48
The economic downturn in China has led to the closure of retail giants like Karafor and Walmart.
Sunning.com, one of the largest non-government retailers in China, is expected to incur a significant loss.
😔 Shanghai's three iconic department stores are facing financial distress and decline in revenue and profit.
08:02
Shanghai's three iconic department stores experienced a significant decline in revenue and net profit.
The financial performance of these department stores reflects the current predicament facing retail in China.
A video shows the desolate state of a large outlet mall in Shanghai.
📉 Newly opened shops are struggling to attract customers and make profits in the current economic conditions.
12:01
Many shops are unable to earn 500 Yuan a day.
Newcomers need to adapt to new ways of attracting traffic and break away from traditional thinking.
Even online brands are experiencing financial decline amidst the adverse economic conditions.
📉 China Resources Group sells Pacific Coffee amid declining store numbers and increasing closures.
15:41
Pacific Coffee's market share in mainland China increased and it became the second largest coffee chain brand after Starbucks.
China Resources Group sold Pacific Coffee to a startup team at a low price, indicating a possible eagerness to offload the brand.
The number of new Pacific Coffee stores has been decreasing annually, with closures gradually increasing since 2019.
1
-
🌍 The Belt and Road Initiative (BRI) faces criticism internationally as participating nations struggle with debt crises, but China is still promoting the project as a successful outcome.
00:32
Criticism towards the BRI has been escalating internationally, with many participating nations facing debt crises.
China's Foreign Affairs Ministry announced the hosting of the third BRI Summit in Beijing in October, aiming to publicize the initiative's successful outcomes.
The BRI is frequently criticized by Western countries for enticing impoverished nations into a debt trap, expanding China's global influence.
💰 The Belt and Road Initiative is trapping economically fragile developing nations in a cycle of debt, allowing China to gain control over their infrastructure.
03:43
Debtor nations unable to repay their loans are forced to give China control over their ports, airports, dams, and communication networks.
Sri Lanka and Djibouti are examples of countries that have fallen into this debt trap and had to hand over their ports to Chinese state-owned enterprises.
China's plan to invest in a deep water port project in Myanmar was aimed at further expanding its control over strategic locations.
🌐 Italy hints at withdrawal from China's Belt and Road Initiative (BRI) during discussions with Chinese officials.
06:40
Italian Deputy Prime Minister hinted at necessary exit from BRI during discussions in China.
Italian Prime Minister stated that a final decision regarding withdrawal from BRI had not yet been made.
Italian media reports that Prime Minister informed Chinese Premier about plans to exit BRI.
🌍 China becomes the world's largest creditor as the US global share of creditor rights decreases, while loans offered by China to African nations decline significantly.
09:52
China's creditor rights increase to 30% while the US decreases to 2% between 2016 and 2021.
China's loans to African nations decline by 75% before the pandemic.
The Chinese government may no longer have the ability to help nations struggling to repay debts.
🌍 India, the Middle East, and European countries are collaborating to challenge China's Belt and Road Initiative and diversify supply chains.
13:13
India has deep mistrust and opposition towards China's Belt and Road Initiative.
The project was conceived during confidential meetings between India, the UAE, and the US.
The United States is ardently backing India and aims to complement India's rise.
1
-
1
-
1
-
1
-
1
-
1
-
1
-
📉 China's exports are declining rapidly, with a significant drop in export value and a decline in various industries.
00:06
China's export value dropped 12.4% in June, reaching $285.3 billion.
00:06
Exports to major countries like the United States, Europe, and Japan have also decreased significantly.
00:29
China's foreign trade is on the brink of collapse.
01:01
Only the auto export business showed relatively good performance, while other industries experienced a decline.
01:27
Labor-intensive products are gradually being produced in other countries, reducing China's exports.
02:08
📉 China's chip shortage and declining exports are causing economic challenges.
02:56
Mainland China's production of integrated circuits increased by only 0.1% YoY in the first five months of 2023.
02:56
China's chip shortage is severe, impacting both domestic production and imports.
03:08
China's exports of rare earths dropped by 30% YoY in June 2023.
03:20
China's exports to the US decreased by 24% YoY in June 2023, reaching a 19-year low.
04:05
Chinese exports of low-end products to Africa are declining due to a lack of comprehensive planning and adaptation to the market.
05:11
China's Exports to the United States Experience a Sharp 24% Plunge in June, as Chip Shortages and Rare Earth Declines Pose Challenges to the CCP
📉 Chinese IT manufacturers relying on imported chips are facing significant profit decline due to chip shortages and US export restrictions.
06:36
Chinese IT manufacturers, such as Gigadevice and Inspur, are unable to buy chips and cannot produce products, leading to layoffs and loan defaults.
06:36
Gigadevice's net profit dropped by 77.7% due to the inability to purchase high-quality chips globally and the high cost of purchasing due to embargoes on key technologies.
06:47
Inspur's net profit plunged by 99% as it faces US tech export restrictions and soaring chip procurement costs.
07:15
China's chip shortage is impacting exports of automobiles, home appliances, and electronic products, weakening China's competitiveness in the global market.
07:45
US sanctions have limited Hong Kong's role as an import channel for chips, potentially hindering China's acquisition of chips and impacting its technological development.
08:22
📉 The US technological sanctions and restrictions on equipment supply have led to a decline in China's electronics manufacturing industry and rare earth sector.
09:24
Exports of computers, smartphones, and integrated circuits from China saw a decline of 20% to 30% compared to the same period last year.
09:24
Stricter restrictions imposed by the US and the Netherlands on equipment provided to China by ASML have severely impacted China's chip manufacturing industry.
09:57
The stock price of ASML, the leading global photolithography equipment manufacturer, has been steadily rising.
10:20
Global tech giants like Tesla and Apple are implementing rare earth recycling and reusing strategies, reducing their dependence on Chinese rare earths.
11:00
The Chinese Communist Party's export control on rare earth metals seems more like a face-saving exit strategy, as Western countries had already begun reducing their imports of Chinese rare earths.
11:33
📉 The rare earth industry in China is facing significant economic pressure and uncertainty due to a decline in net profit, falling market prices, import dependence, and export restrictions.
12:29
The estimated net profit for the first half of the year is expected to drop by 85% year-on-year.
12:29
The market price of rare earths has been continually falling, with neodymium oxide falling by 42% and terbium oxide and dysprosium oxide falling by 39.6% and 22.6% respectively.
12:58
China needs to import a large amount of rare earth elements due to domestic shortage, and the prices of these elements are rapidly rising.
13:46
The rare earth industry experienced a full-scale downturn in the first half of the year, and export restrictions implemented in August further dimmed China's rare earth export market.
14:36
Countries worldwide are actively seeking ways to reduce their dependence on China, leading to a decline in China's exports to ASEAN countries.
15:25
⚠ China loses its status as the largest importer to the US, leading to a decline in exports and potential trade deficit.
15:43
China loses its status as the largest importer to the US, replaced by Mexico, and ranks third behind Canada.
15:43
Many foreign trade companies have withdrawn from China, with 70-80% of industrial chains moving out.
16:01
China's ability to generate foreign exchange is weakening, and a trade surplus can only be maintained by reducing imports.
16:17
China's trade is expected to face a deficit in the future, particularly for essential imports like oil, food, chips, and high-end machine tools.
16:30
The decline in exports reduces China's global influence and limits its international maneuverability due to a decrease in US dollars in its treasury.
17:33
1
-
"Popular Supermarket Chain in China Faces Sudden Closure, Sparking Concerns About Economic Challenges and Job Losses as Foreign-Owned Supermarkets Withdraw from the Market"
💼 Shanghai resident discovers sudden closure of popular supermarket chain, raising concerns about job losses and economic challenges.
00:00
Shanghai resident finds nearby supermarket closed with shelves neatly arranged and products still on display.
00:00
Customers express surprise and disappointment at the sudden closure of the budget supermarket chain.
00:17
Residents lament the impact on employees and the convenience of the supermarket's closure.
00:31
Concerns raised about the challenging business environment in Shanghai and unexpected unemployment.
01:14
Speculation on reasons for closure includes potential exit from Chinese market or struggle in competitive sector.
02:03
Personal experiences at the supermarket highlighted positive consumer experiences and pleasant store layout.
02:10
Leaked letter suggests supermarket's long-term losses and financial struggles.
02:33
💼 Beair supermarkets faced financial crisis and sudden closure, sparking sympathy and concern among netizens.
02:40
Beair's board suspended operations and assessed assets and liabilities due to a deteriorating retail market environment.
02:40
Former CEO Gia Hong bin revealed that the core reason for the shutdown was a cash flow interruption.
03:00
Beair received multi-million Yuan long-term financing from Argan Capital to support its expansion.
04:20
Founder Philip Spangenberg stepped down from his roles at the end of 2021, succeeded by Chinese National Jah hongin.
04:49
Beair's board had discussions with potential buyers to sell the business, but nothing was finalized.
05:11
Insiders revealed that some Beair stores couldn't pay rent and there were delays in payments to suppliers.
05:17
Industry saturation and fierce competition from entities like Fresh IO Outlets posed challenges for Beair in the domestic market.
05:37
📉 China's physical economy, including supermarkets and large retailers, is facing closures and challenges due to declining sales and economic downturn.
05:51
Covid-19 impact on China's economy and consumer behavior
05:51
Closure of Carrefour in Shanghai and its impact
06:11
Struggles of other foreign retail giants like Walmart and Tesco in the Chinese market
07:22
Closure of the last Pacific department store in Shanghai
08:33
Exit of local Chinese supermarkets from the market
08:39
Challenges and operational difficulties faced by local Chinese supermarkets
08:46
Current situation inside a department store in Tian district
09:00
🛒 The decline of China's supermarket giants due to financial difficulties and store closures.
09:32
China's leading supermarket, China resources Vanguard, has been closing down stores due to financial challenges.
09:32
Yungui Superstores, another supermarket giant, is facing operational difficulties and high debt ratios.
10:02
Yungui has been selling assets to survive debt troubles, including selling shares and closing stores.
10:46
Despite being one of the top 500 enterprises in China, Yungui has been experiencing losses and declining store count.
11:31
In 2023, Yungui's revenue decreased by 12% year-on-year, and its net profit also declined significantly.
11:55
Yungui briefly turned a profit in Q1 but incurred losses in Q2 and Q3, leading to a significant overall loss.
12:10
In 2023, Yungui closed 20% of its stores nationwide, indicating a significant decline in its business operations.
12:20
📉 The Chinese retail market is experiencing a significant slowdown, leading to closures of major supermarkets and malls, impacting the real estate sector and contributing to a projected economic growth decline for China.
12:29
12:29 - Over 400 store closures in 2 years with a 7% closure rate
12:29
12:36 - Crowds in physical supermarkets and malls are recovering, but sales remain below expectations
12:36
12:41 - 14 major supermarket companies facing losses, with 9 incurring losses in 2022 and 4 continuing to suffer losses in 2023
12:41
12:49 - Supermarkets experiencing revenue declines compared to the previous year, hoping for a rebound post-pandemic
12:49
13:02 - Some companies lacking confidence in market turnaround, choosing to close upon lease expiration
13:02
13:28 - Closures among large retailers reflecting a broader economic slowdown in China
13:28
13:41 - China's economic growth expected to slow from 5.2% in 2023 to 4.6% in 2024, with factors like real estate market slump and weak consumer spending contributing to the outlook
13:41
1
-
1
-
Deceptive Practices in China: Dyed Livestock and Food Items Leading to Harmful Effects on Health and Market Value
🐄 Deception in livestock and food industry: dyed cows, pork, fish, and chili peppers in China.
00:01
Livestock farmer discovers dyed black and white calves turning red and white.
00:01
Incidents of dyed cattle reported in China, with court cases and mediation.
00:15
History of fraudulent practices including dyed cows, pigs, and dairy cows.
02:49
Bloggers creating educational content to help people spot dyed cattle.
03:44
Tips for identifying dyed cattle and other dyed pets.
04:04
🐟 Deceptive practices in China involve dyeing animals and food items, leading to harmful effects on their health and market value.
04:38
Dyed animals and food items suffer health issues and premature death.
04:38
Various methods of dyeing animals and food items are used, with dye injection being the most harmful.
05:30
Dyed animals, such as chicks and turtles, are often sold as pets and suffer from pre-existing issues and health problems.
06:22
Dyeing of pets, including fish, parrots, and small dogs, leads to toxicity and discomfort.
07:34
Dyeing of meat, seafood, and vegetables is also common in China to enhance their appearance and market value.
08:08
Dyeing of fish, such as yellow cokers, involves the use of harmful substances to make them appear fresher and more attractive.
08:36
The use of harmful dyes in food items is confirmed through inspections and testing.
09:03
🎨 Deceptive practices in food production and processing in China involve dyeing various food products to enhance their appearance and market value.
09:17
Alarming use of industrial dye in food production
09:17
Health risks associated with excessive ingestion of dyed substances
09:23
Prohibition of non-edible substances in food
09:32
Reports of deceptive dyeing of fish for higher profits
09:38
Artificial coloring of farm-raised salmon to mimic wild salmon
09:57
Use of artificial dyes in various types of fish and meat products
12:01
Discovery of illegal meat processing facility using red dye on pork
12:46
🚫 Food fraud and safety issues in China revealed through counterfeit meat, chili peppers, and noodles.
13:57
Carmine not allowed in meat products, questionable fire safety measures, and unsanitary cold storage room.
13:57
Lack of business license, unregulated production environment, and questionable sourcing of goods.
14:49
Corruption of moral values leading to illicit food operations and widespread counterfeit food products.
16:09
Major case of counterfeit beef distribution involving multiple stores and cross-regional network.
17:05
Discovery of counterfeit chili noodles production using corn husk and industrial dye.
18:02
🚫 Food contamination scandal in China involving Sudan 4 dye, highlighting ethical concerns and CCP's role in undermining societal values.
18:25
Sudan 4 dye used in food products
18:25
Red hot duck egg incident in 2006
19:00
Discovery of Sudan 4 in duck eggs
19:51
Nationwide uproar and public awareness
20:19
Resurgence of Sudan 4 in food items
20:39
CCP's role in undermining moral standards
20:58
Challenges in upholding integrity
21:25
1
-
1