Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer" channel.

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  4. 😔 The carpet stall at the exhibition hall is unusually quiet, with a decline in customers and export volume, causing pressure and shrinking profits. 00:01 The exhibition hall is deserted despite a crowd outside. More than 80% of customers are from Asia, Africa, and Latin America. There is a noticeable decline in export volume and shrinking profits. 💥 China's declining exports to the European Union and the United States are causing economic hardship and factory layoffs. 03:25 China's exports to the European Union fell by 10.6% and exports to the United States decreased by 16.4% in the first 9 months of 2023. Stacked containers at the busiest port in China indicate a decrease in foreign orders and factory layoffs. Some small Home Appliance factories in China are finding opportunities in countries like Vietnam. 📉 Foreign direct investment in China has significantly declined, indicating a deteriorating situation for foreign investment. 06:52 Foreign direct investment in September was down 5.1% year on year, dragging down cumulative figures. Second-quarter direct investment liability was $6.7 billion, the lowest level since 2000. Foreign companies are repatriating their profits instead of reinvesting in China. 🛂 A US citizen working for a pharmaceutical company had his passport confiscated and was detained for 20 minutes when entering Hong Kong, raising concerns about China's authority under various laws. 10:10 Mr drun's passport was confiscated and he was detained for 20 minutes when entering Hong Kong. China has the authority to do whatever it wants under laws like the National Security Law and Foreign Relations law. The incident creates psychological pressure for those who have to travel to China. 🌍 Foreign visitors face numerous challenges in China, including difficulties with digital payments and obtaining necessary documents. 13:22 Foreign visitors had difficulty paying for a taxi ride due to lack of digital payment options. Opening a Chinese bank account and obtaining a local phone number were necessary for digital payments. Many business hotels in China refuse customers with foreign passports unless they have registered with the Public Security Bureau.
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  6. 📉 Bank of China's aircraft leasing company, BOC Aviation, incurred a direct loss of $600 million after gifting eight seized planes to Russia in exchange for $200 million. 00:00 BOC Aviation lost $600 million after gifting eight seized planes to Russia in exchange for $200 million. Recovery of the remaining nine aircraft from Russia is almost impossible. Maintenance records for the planes may not be properly preserved in Russia, making them difficult to lease. 🛩 Russia's largest airline, Aeroflot, is facing difficulties in maintaining its planes due to Germany's prohibition on Russian planes entering its airspace. 03:13 In desperation, Russia signed an agreement with Iran to provide spare parts and maintenance for Russian aircraft. Aeroflot sent an Airbus A330-300 to Iran's Mahan air for maintenance, but it is still not repaired. Before the sanctions, Russian Airlines relied on Western companies for parts, but they have turned to smaller suppliers like S7's maintenance department and Moldova's Air Rock Solutions. 🇨🇳 The Chinese Communist Party's prioritization of political considerations over economic interests in dealing with Russia. 05:56 Dealing with Russia at a loss is a general pattern for China. The CCP has long known how Russia conducts business but still prioritizes political considerations over economic interests. The Chinese government encourages Chinese companies to enter the Russian Market, but it may not be beneficial for them. 🇷🇺 Russian-Chinese relations at grassroots level faced challenges in the 1990s due to inconsistent product quality and violence against Chinese merchants, but improved with Putin's crackdown on skinheads. 08:43 In the 1990s, Chinese traders smuggled goods into Russia, resulting in inconsistent product quality and a tainted impression of Chinese products. Chinese merchants often suffered violence from skinheads and faced extortion and robbery. With Putin's crackdown on skinheads, the situation for Chinese merchants improved, but crackdowns on smuggling intensified around the 2018 World Cup. 🇨🇳 A Chinese YouTuber named Paul Kajan gained popularity by creating a fake persona as a Russian elite soldier and criticizing the United States. 11:21 Paul Kajan's real identity is Wang Kong and he created a persona of a Russian soldier speaking with a Hanan accent. He gained hundreds of thousands of followers and earned significant sales figures by selling Russian products and criticizing the United States. When his real identity was revealed, he had to delete all his videos and change his account name to Wang Kangay.
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  7. 🔫 Details have emerged about a dramatic assassination attempt on Xi Jinping during the BRICS meeting in South Africa. 00:06 Several high-ranking officials within the Chinese military plotted to shoot down Xi's plane using missiles. The orchestrator of the plot is believed to be Liu Chow, the former commander of the Rocket Force. Xi Jinping initiated a widespread crackdown within the Rocket Force and other military departments. 🚀 The video discusses the Communist party's confidence in surpassing the US military, potentially utilizing secret tactics and nerve agents. 03:39 Speculation suggests that the secret tactic could involve the use of nerve agents dispersed via rockets. Xi Jinping may have a powerful ally within the military, enabling him to identify and purge hundreds of individuals. Xi Jinping has established a network of spies throughout the military, including secretaries, drivers, doctors, and even those in intimate relationships. 🤔 Rumors suggest that the trip of al-Assad to the Hjo Asian games was more about stroking her ego than diplomacy, with suspicions of lavish treatment and questions about the source of funds. 06:35 Whispers suggest that al-Assad may not have made the trip without a direct order to send a special aircraft. The aircraft sent to fetch the prime minister of East Timor was from Air China, not Shaman Airlines as rumored. Growing unrest within the Chinese Communist Party is causing leaks and accusations about the use of taxpayer money. 🎇 The grand fireworks display during the Asian Games opening ceremony in Hong Joo was revealed to be an illusion, leaving Jack Ma feeling a profound sense of loss. 10:17 Jack Ma founded Alibaba in Hong Joo and believed his fate was tied to the city. Ma had promised that the next Asian Games would be hosted in Hong Joo and was determined to return for the games. Ma wanted to assist President XI in showcasing the grand event during the Asian Games. 🔍 Rumors suggest possible corruption involving Lee Ying and her husband in architectural design projects. 13:35 Lee Ying's company quickly landed significant projects in 2012, sparking speculations of influence The company was acquired by Danish architect firm shl and later bought out by American firm Perkins Lee Ying allegedly utilized her father's influence to provide essentials to her company's employees during Shanghai's lockdown
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  10. ⛈ Hong Kong experienced unprecedented rainstorms and flooding due to the convergence of a typhoon and monsoonal forces. 00:24 Hong Kong broke seven meteorologic records during the rainstorms. Authorities released flood waters from reservoirs in the middle of the night, worsening the situation. The Hong Kong government notified its citizens only 16 minutes before flood waters were discharged. 🌧 Criticism grows over government's slow response to flood crisis in Hong Kong. 04:45 Over 110 individuals admitted for treatment due to flood-related injuries. Government declared city-wide school shutdown and postponed extreme conditions work arrangements. Outrage over flood release from Shenen into Hong Kong, with accusations of prioritizing own safety. 🌧 The colonial administration and current local authorities in Hong Kong have employed British methods for rainwater and sewage treatment, but there has been a shift in dynamics under the current regime. 09:15 The colonial administration constructed dams and artificial lakes to prevent flooding in low-lying villages. The construction of new satellite towns in the new territories led to the separation of the drainage services department and the water supplies department. Under the current regime, there has been a shift in dynamics with Hong Kong seemingly marginalized and mainland officials adopting a more lax approach to flood management. ⚠ Delay in notifying residents about flood discharge in Shenzen, causing criticism and exacerbating flooding situation. 13:33 Discharge measures began 15 minutes past midnight, a 15-minute delay compared to the communicated time. Shenzen Evening News issued flood discharge notice only 7 minutes in advance. Authorities were accused of purposefully causing harm by releasing water without warning. ⚠ Heavy rain causes road flooding and class suspensions in several towns in Dongan. 17:53 Numerous road tunnels have been submerged, transforming into virtual rivers with water levels reaching chest height in some areas. Various schools, kindergartens, and training institutions in towns such as H and hiier have suspended their classes due to the warning. The Guon Emergency Management Department has advised all departments to seriously address the potential risks of geological disasters and urban flooding.
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  12. 💔 Shanghai's KTV and nightclub industry has suffered a significant decline, with about 2/3 of establishments permanently closing down, leading to financial losses for investors. 00:15 Nearly 500,000 KTV and nightclub establishments in Shanghai have shut down. Prominent KTVs like Shanghai KNS, Golden Age, and YuEmpire Mansion have permanently closed. A luxurious KTV that opened during the pandemic experienced constant opening and closing due to the impact of COVID-19. 📉 Shanghai's economy is experiencing a downturn, with closures and transformations of businesses, leading to concerns about the city's potential. 02:59 Shanghai's commercial streets and major shopping malls are showing signs of economic decline. Shanghai's nightlife has become monotonous and many KTV lounges have shifted to other sectors for survival. The closure, transformation, and relocation of shops, from small ones to larger outlets, indicate a considerable downturn in Shanghai's economic landscape. 💼 Asian karaoke venues face challenges due to high rent costs, music copyright fees, and a decline in young customers. 05:31 Rent costs are a significant contributor to high operating costs for karaoke venues. Karaoke venues face significant expenses in music copyright fees. A decline in young customers is a crucial reason for the decline of karaoke venues. 💰 China's economy is facing deflationary risk, with a decrease in consumer spending and dropping product prices. 08:11 China's economy has not experienced a real rebound post-pandemic. Consumer Price Index in China showed a year-on-year decrease of 0.3% in July and 0.2% in October. Consumers are increasingly unwilling or unable to spend due to economic uncertainty and job market competition. 🛍 A group called 'Do Not Buy' in China has attracted over 360,000 young people discussing how to spend more rationally and resist consumerism. 10:59 Many bloggers are releasing videos on platforms like BillyBilly and Douyin to eliminate the desire to purchase. Members of the 'Do Not Buy' group share strategies to resist spending in consumer-driven environments and peer pressure. Elaborate outfits and branded handbags hold social value among colleagues in Shanghai.
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  13. Escalating tensions in Taiwan Strait impact Fujian province's economy as Taiwanese entrepreneurs withdraw from China, leading to potential economic collapse 🚨 Escalating tensions in the Taiwan Strait impact Fujian province's economy and indicate a potential conflict. 00:00 Amphibious tanks being transported from Xiamen to Fuzhou in Fujian province raise speculations of escalating military preparations. 00:00 CCP's official media reports on the Eastern Theater Command's activities, including an exhibition on the Yi-jiang-shan Island battle, signaling important messages. 00:16 Fujian province plays a unique role in cross-strait relations due to its cultural and linguistic similarities with Taiwan, and recent military mobilization indicates a brimming confrontation. 01:07 Fujian's economic trajectory is significantly impacted by the worsening cross-strait relations, affecting its role as a platform for cross-strait exchanges and collaborations. 01:43 Fujian's economic growth halted in 2023 due to escalating tensions, with a notable decline in export trade, leading to international buyers shifting their orders. 02:38 Every major turning point in Fujian's economic development is closely related to the relations across the Taiwan Strait, with historical military operations hindering economic growth in the past. 03:14 📉 Taiwanese businesses are withdrawing from China, impacting Fujian's economy and foreign trade sector. 08:29 Reasons for Taiwanese businesses exiting China include escalating labor costs, disappearing policy incentives, challenges such as intellectual property theft, and deteriorating macroeconomic environment. 08:29 Fujian heavily relies on the export sector, with 45% of provincial-level tax revenue coming from foreign trade activities. 09:40 Fujian's export scale grew fifteen-fold from 1997 to 2021, reaching 167 billion US dollars. 09:58 Quanzhou City serves as the primary hub for product exports in Fujian, focusing on electromechanical products and textiles. 10:20 Cross-strait relations and the shadow of war have impacted Fujian's economy, with a potential discrepancy in reported economic growth. 11:20 The deterioration in cross-strait relations was influenced by events in Hong Kong and the loss of faith in the 'one country, two systems' policy. 11:38 The Democratic Progressive Party in Taiwan has consolidated power and become more assertive towards mainland China. 12:12 🚨 Increased military activity in the Taiwan Strait raises tensions between China, Taiwan, and their allies. 16:21 11 Chinese military aircraft and 4 naval vessels breached Taiwan's southwest airspace, leading to Taiwan's military response. 16:21 In 2023, a total of 3157 Chinese aircraft and 1225 naval vessels were detected around the Taiwan Strait, with 187 aircraft entering Taiwan's airspace. 16:54 US and Canadian military vessels traversed the Taiwan Strait for the second time this year, causing condemnation from China. 17:19 US President Joe Biden expressed doubt about China's capability to invade Taiwan due to their economic crisis. 17:35 Indian officials revealed military strategies for a potential war in the Taiwan Strait, including supporting the US and its allies or opening a new front along the Indo-China border. 18:09 The US House of Representatives' special committee plans to conduct a war game simulation to assess investment risks in China during a conflict over Taiwan. 18:59 The simulation will focus on the economic repercussions and systemic risks associated with US capital flows to China and financial institutions' exposure to the Chinese economy. 19:17
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  17. "Successive Road Collapses and Sinkhole Incidents Raise Concerns About Infrastructure Quality and Safety in Shanghai and Nationwide After the New Year" 🚧 Successive road collapses in Shanghai and nationwide after the new year raise concerns about infrastructure quality and safety. 00:00 Multiple road collapses in Shanghai and other areas 00:00 Causes attributed to poor construction and government corruption 00:14 Specific details of road collapses in Shanghai 00:42 Similar incidents in other areas of Shanghai 02:37 Online comments reflecting lack of surprise at ground collapses 02:45 Previous road collapse incidents in Shanghai 02:52 Sinkhole incident in Shanghai with no casualties reported 03:07 ⚠ Series of road collapses in Shanghai and nationwide sinkhole incidents raise concerns about construction quality and soil stability. 03:14 Concerns raised about frequent road collapses in Shanghai, questioning construction quality. 03:14 Geographical location and soft soil composition exacerbate the situation. 03:28 Video shows thin layers of soil used for filling beneath collapsed asphalt, indicating possible shoddy work. 03:42 Ground collapse incidents occurring in Shandong and Fujian as well. 04:10 Extensive ground collapse inside a university building in Shandong, prompting immediate evacuation. 04:18 Experts analyzing the cause of the ground collapse, ruling out foundation and ground compaction issues. 05:29 A sinkhole appeared in a different location on January 5th. 06:07 🛑 Road collapses and sinkhole incidents occur in various locations, raising concerns about infrastructure quality and safety. 06:15 Multiple road collapses and sinkhole incidents reported nationwide 06:15 Concerns raised about the accuracy and transparency of investigations into the causes 06:50 Residents taking preventive measures to ensure safety around collapsed areas 09:00 🚧 Road collapses and sinkhole incidents in China raise concerns about accountability, construction quality, and public safety. 09:26 Heavy traffic and construction in newly developed residential areas may have influenced the collapse 09:26 Residents question the road quality and the existence of a void beneath the collapsed area 10:18 55 sinkhole incidents in China, with 72% caused by human factors 10:38 Unpredictability and lack of early warning measures make ground collapses unpreventable 11:20 Limited accountability and government corruption contribute to handling sinkhole incidents 11:56 Former deputy director highlights the importance of construction compliance with standards to prevent collapses 12:32 ⚠ Road Collapses and Sinkhole Incidents on the Rise in China 12:45 Widespread collapse risk in underground construction 12:45 Government road construction outsourcing involves bribery and corruption 12:51 Bribery in construction bids and kickbacks to officials 12:58 High cost of bribes in road construction projects 13:36 Use of substandard materials and cheap labor in construction projects 14:14 Prediction of increase in sinkhole incidents due to poor quality roads 14:27 Safety concern for people walking on the streets 14:41
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  18. 🚗 Chinese car brands dominate the Russian market, with 49% market share in the first half of 2023, but complaints about their quality have also increased. 00:19 Chinese-funded automakers reached sales of 168 units in the Russian market, accounting for 49% of the market share. 80% of these Chinese cars are assembled in Russia, Belarus, or Kazakhstan, not manufactured in China. Complaints about the quality of Chinese cars have increased by 35% in Russia, with 44% of consumers believing the materials used are too thin or the components are not suitable. 😕 Car owners in Russia express disappointment and dissatisfaction with Chinese car models. 03:07 Car owners in Russia complain about issues such as loose rubber seals and lack of driving stability in Chinese car models. Russian taxi drivers prefer brands like Hyundai, Kia, and Renault's Logan due to their reliability and durability. Renault Logan is a popular choice among Russians, with the ability to run up to 500,000 km without major repairs. 🚗 Chinese automakers have not adequately considered the corrosive effects of melting salt on cars sold domestically and in the Russian market. 06:09 Chinese automakers have not addressed the issue of rust caused by melting salt in their car designs. Chinese automaker executives believe their sales in the Russian market won't be affected due to limited competition and the conflict in Ukraine. Chinese automakers may need to make specific product modifications, such as improved insulation materials and enhanced heaters, to ensure their cars function properly in Russia. 😡 Chinese cars are overpriced in Russia due to greed between Chinese manufacturers and Russian Customs. 09:12 Chinese cars are priced significantly higher in Russia compared to China. Even domestically produced Russian cars are rising in price following the example of Chinese cars. Russian-made Moskvich Free cars have poor quality and features compared to European counterparts. 🚗 Chinese automakers struggle to match the efficiency of Western companies in setting up car assembly lines in Russia. 12:09 Chinese automakers primarily rent factories left behind by Western companies for assembly in Russia. Russia's automobile industry has regressed significantly due to sanctions, leading to a lack of essential items like airbags. Even with China's support, Russian automotive technology is pushed backwards, and Chinese companies struggle to match the efficiency of Western companies in car assembly.
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  24. 📉 Hong Kong's economy faces decline due to political events, pandemic, and emigration, leading to deserted streets and closed businesses. 00:00 Hong Kong's economy declined due to political events and pandemic lockdowns Emigration of elite class resulted in billions of Hong Kong dollars leaving the city Downtown streets are deserted, with closed and empty shops, reflecting the significant economic decline 💔 Hong Kong's economy suffers as CCP's influence grows, leading to record-high bankruptcy filings and stagnant stock market. Chief Executives align with Beijing's directives. 03:58 Record-high bankruptcy filings and stagnant stock market in Hong Kong CCP's influence leading to economic downturn in Hong Kong Chief Executives aligning with Beijing's directives 🌏 Taiwan rejects CCP's pressure on economic cooperation, deepens international relationships, and remains confident in autonomy. 08:05 Taiwan rejects CCP's pressure on economic cooperation Taiwan deepens international relationships Taiwan remains confident in autonomy 📈 Taiwan's economy thrives as it rejects CCP, while Hong Kong's economy sinks due to loyalty to CCP. 11:53 Taiwan's trade surpluses with the US and Asia reach record highs, nearly matching the surplus with mainland China and Hong Kong. Taiwan's stock market index rises significantly, with foreign capital returning and strategic positioning by foreign investors. Taiwan's unwavering stance against CCP allows it to achieve the highest per capita GDP in East Asia, while Hong Kong obediently integrates into CCP's markets. 🌏 Stark contrast between Hong Kong and Taiwan's economic paths due to CCP loyalty and rejection, with insights from Argentine president on dangers of socialism. 15:47 Argentine president highlights dangers of socialism leading to economic disaster Taiwan's clear-sighted rejection of CCP leading to economic growth Hong Kong's population flight and lack of trust in CCP-controlled future
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  26. ! China's financial sector faces extreme centralization and erosion of individual freedoms. 00:06 Recent arrests of bank presidents and other officials by the judiciary. Expansion of the central commission's control to foreign affairs and the medical system. Establishment of CCP committees in enterprises and centralization of power. 📊 The Chinese government may take a direct role in investigating economic issues, potentially impacting entrepreneurs like Jack Ma. 03:10 Local security bureaus have historically investigated economic issues leniently. The State security apparatus could change the situation drastically. High-profile entrepreneurs like Jack Ma could come under close watch. 📰 Renowned foreign institutions pulling out of China leads to trust deficit in American political and business circles towards the Chinese Communist party's narratives. 06:24 Gallup and another foreign institution have recently withdrawn from China, causing a trust deficit in US towards Chinese narratives. The Chinese government might recognize the possibility of increased economic sanctions by the US if they continue to take opposing stances in international affairs. There are concerns that media outlets in Hong Kong and other financial news outlets might face detentions if they continue to talk down the market. 🌍 The video discusses the potential impact of the Chinese yuan's decline and the possibility of short selling on the global financial market. 09:55 The Chinese yuan has experienced a significant decline against the British pound and the euro. There are concerns about the possibility of short selling and the Chinese central bank resorting to printing more money to manipulate the exchange rate. A devaluation of the Chinese currency could have profound impacts on the everyday lives of the population. 🏢 China's subsidized housing policy restricts individual freedom and reduces labor mobility, impacting the economy. 12:41 Restrictions on place of work and mobility in subsidized housing policy limit individual freedom and labor mobility. Government's housing departments acquiring housing eliminates market competition and reduces choice for ordinary people. Recent financial work conference in China focuses on arresting and seizing assets and implementing stricter supervision and control in stock market, local government debt, and real estate market.
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  36. Low-Cost Consumption and Frugal Spending Habits Drive Intense Price Wars in China's Dining and Beverage Industry 🍞 The video shows the popularity of low-cost consumption and frugal spending habits among Chinese consumers, as well as the intensifying price wars among retail giants. 00:00 People queueing for 2 to 3 un bread in Shian, with over 5,000 pieces sold daily. 00:00 University students primarily buying the bread, leading to long queues. 00:16 Similar 2 un bread shops appearing in other cities, indicating its popularity. 01:04 Observations of decreased consumption and frugal spending habits in food delivery orders. 01:31 Intensifying price wars among China's retail giants to attract thrifty consumers. 02:18 Hila hot pot chain opening lower-priced brand stores to cater to cost-conscious customers. 02:41 Adoption of semi-self-service model for cost control by Hila hot pot. 03:10 💰 The video discusses the impact of the pandemic on the dining and beverage industry in China, leading to price adjustments and intense competition. 03:27 Haidilao expanded rapidly during the pandemic, but faced heavy pressure in 2021, leading to store closures and operational issues. 03:27 Haiti Mini, a sub-brand of Haidilao, faced challenges due to price competition and consumer downturn, eventually closing its last store in 2022. 04:26 Competition within the beverage industry intensified, with brands like Haiti and Maai lowering prices to increase visibility. 06:32 Haiti Mini's closure and Maai's price reduction are examples of the impact of the pandemic on consumer behavior and business strategies. 07:07 💰 The video discusses the impact of economic downturn on consumer spending and the trend of discounts in China. 07:37 Jang xang latte sold over 5.4 Million Cups on its first day with sales exceeding 100 million yen. 07:37 The entry threshold for young people to taste MOT Thai has become increasingly low, reflecting the stagnant economic situation in modern Chinese society. 08:36 China's current financial situation has led to a new trend of discounts, with major brands engaging in a price war. 08:51 B Store has seen a continuous decline in revenue for five quarters, with net profit falling year over year. 10:07 B Store's Revenue fell by 14% to around 6 billion un and net profit dropped by 33% to 1.9 billion y in the first three quarters of 2023. 10:22 The downturn in consumer spending has tightened people's purse strings, leading to the rise of discount and budget stores. 10:41 Smaller, cheaper versions of products are also becoming popular in response to the economic situation. 10:49 💰 Chinese consumer spending habits have shifted towards cost-effective and value-driven purchases, impacting the economy and international brands. 11:10 Chinese consumers prefer economical and cost-effective products over lavish spending, leading to a decline in consumer demand for expensive brands. 11:10 Social e-commerce and user-generated content have influenced consumer mentality and purchasing decisions, making cost-effective products more popular among young people. 11:25 Consumers have become more discerning and prioritize actual value over brand names, favoring products that offer more for less. 12:44 The rise of domestic brands in China has led to a shift away from international brands, as younger generations focus on inner needs and actual consumption. 13:32 The Chinese government's zero Covid policy during the pandemic has also contributed to the economic trend by impacting capital outflow and foreign investments. 14:16 💰 The Chinese economy is experiencing a decline in purchasing power and deflationary risks, with questionable government interventions. 14:46 Consumer Price Index decreased by 0.5% year on-year in November. 14:46 Producer Price Index fell for the 14th consecutive month. 15:09 China's economy grew moderately by 4.9% in the third quarter. 15:17 Renowned commentator W H suggests that the CCP is unwilling to stimulate consumption and has been printing money without clear impact. 15:55 The CCP boasts of an effective market with a proactive government, but the reality is a distorted market and a reckless government. 16:26 The chaotic market and a capricious regime have led to the current precarious and unpredictable state of the entire Chinese economy. 16:38
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  37. 🌐 The China International Supply Chain Promotion Expo is seen as a way for the Chinese government to create an illusion of ongoing prosperity and global market appeal. 00:00 The Expo is viewed as a cleverly packaged celebration of an ending era and a bid to retain foreign capital. China's weakening economy and authoritarian rule are urging foreign capital to leave. The Expo is the world's first national-level exhibition focusing on supply chains. 🌐 Global awareness of supply chain risks due to overreliance on China, leading to skepticism about China's economic stability and foreign investment. 03:13 US move to strengthen supply chain resilience originated from a 2017 report requested by President Trump. Disengaging from China's supply chain has become a global trend, with significant foreign capital rapidly withdrawing from China. Media reports suggest over 3/4 of foreign capital inflow into the Chinese stock market had withdrawn in the first 7 months of 2023 alone. 📉 Foreign businesses and capital are fleeing China due to hostile policies, leading to economic decline and challenges. 05:59 Increasing Exodus of foreign businesses and capital from China due to hostile policies Sharp decline in new domestic job creation and economic activities, leading to negative growth in Consumer Price Index Intensified trend of foreign capital withdrawal from China due to new laws and restrictions 🔍 Chinese government's increased scrutiny on foreign enterprises and their employees, as well as the challenges faced by a US-based investigative firm in China. 09:11 Chinese government's focus on investigating foreign enterprises and their employees US-based investigative firm facing challenges in China, with detained employees and closure of Beijing operations History of Chinese authorities scrutinizing investigative activities of foreign firms in China ⚠ Foreign companies are increasingly reducing business trips to China due to concerns about detainment and interrogation by Chinese authorities. 12:06 Nearly 1 in 3 respondents are reducing business trips to China, according to a US government study. There has been a 25% increase in American companies cancelling or postponing business trips to China in recent weeks. Some companies are advising employees to use clean laptops and old phones when traveling to China to avoid potential issues.
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  38. 💰 China's potential plan to enhance the international attractiveness of its currency, the renman B, and the potential impact on the global market. 03:30 China's strategy to accumulate gold and potentially decouple from the US dollar to maintain economic stability. Predictions of China taking unprecedented steps to break the renman B out of its current restricted state and enter the international market on a large scale by 2024. The potential risks and benefits of the renman B entering the global market in large quantities, including significant fluctuations in its exchange rate. 🚢 The Chinese military is facing challenges with their carrier steam turbines, fighter jets, and nuclear submarines. 06:48 The fujian carrier steam turbine takes up to 12 hours to start, affecting quick response to battlefield needs. The j15 fighter jet has limited combat effectiveness due to insufficient engine power. The Chinese nuclear submarine force has faced significant challenges, including an accident resulting in the death of senior technical personnel. 🌏 US strengthens military presence in South China Sea to counter China's challenges and prevent focus shift to other regions. 10:34 US strategy to counter China's challenges in the South China Sea seen as a strategic upgrade in the region. Philippines taking proactive stance with US support, evident from USS Gabrielgord's entry into Philippine waters. US presence changes situation at Rai Reef, posing a complex challenge for China in the region. 💥 The video discusses US efforts to contain China's actions and challenges in technology decoupling. 13:54 US reaffirming support for the Philippines and hinting at military deployment preparations China's efforts to achieve self-reliance in technology and strengthen theft of Western technology Likely adoption of more stringent countermeasures by Western countries in response to China's aggressive strategy
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  41. 📉 The Renminbi exchange rate has been consistently declining since May, reaching its lowest level since 2014. 00:00 The Renminbi broke through the threshold of 1 US Dollar to 7 Renminbi on May 17th. 00:00 The onshore Renminbi has depreciated by about 4 percent against the US dollar since the start of the year. 00:20 The Renminbi is essentially at its lowest level since 2014 according to the Renminbi's real effective exchange rate. 00:35 Chinese state owned banks sold US Dollars to prop up the Renminbi exchange rate. 01:01 The idea of replacing the US Dollar with the Renminbi is unrealistic due to the dominance of the US Dollar in global currency transactions. 02:41 The Global Depreciation of Renminbi: Offshore RMB Out of Control as Economic Recession Takes Hold 📉 The US dollar remains the dominant currency for international trade, while the Chinese Yuan's internationalization efforts have not been successful. 03:29 By the end of Q1 2023, the US dollar accounted for 59% of global foreign exchange reserves, followed by the Euro, the Japanese Yen, the British Pound, and the Chinese Yuan. 03:29 China's promotion of Yuan settlements with countries like Russia, Saudi Arabia, and Brazil did not result in significant usage of the Yuan in international trade. 04:36 Russia faced economic sanctions and had limited access to dollars and euros, leading to the need to sell Yuan and purchase with other currencies. 05:33 The US dollar remains the most widely used currency for international payments, followed by the Euro, the British Pound, the Japanese Yen, and the Chinese Yuan ranking fifth. 06:02 The payment ratio of the Chinese Yuan dropped by 20% compared to two years prior, indicating a lack of significant adoption in international payments. 06:20 💰 The depreciation of the Yuan exchange rate is not a deliberate act by the Chinese Communist Party, but is influenced by the existence of the offshore Renminbi exchange rate market. 06:41 The international market's lack of capacity to accept Yuan causes the Yuan exchange rate to fall. 06:41 There is no international Yuan bond, which means holding Yuan does not earn interest. 06:54 Mainland China needs to sell something to maintain the value of Yuan, or else Yuan is sold for dollars. 07:07 China strictly limits domestic citizens' foreign currency exchange capacity. 07:49 The existence of the offshore Renminbi exchange rate market leads to the sharp drop in the Renminbi exchange rate. 09:08 📉 The decline in the offshore Renminbi exchange rate reflects China's economic issues. 09:59 Hong Kong and London are the two largest offshore Renminbi trading centers. 09:59 Factors such as Russia's significant Renminbi sell-off, Federal Reserve rate hikes, and China's economic downturn led to a decline in the offshore and onshore Renminbi exchange rates. 10:17 The uncontrolled offshore Renminbi has become a 'barometer' influencing the trend of the Renminbi exchange rate and reflecting China's economic problems. 10:34 China's economic indicators show a comprehensive decline, including lower consumer confidence, a steep drop in real estate investment, and a significant decrease in exports to the United States. 11:04 China's foreign exchange income and reserves are insufficient, making it difficult to maintain the stability of the offshore Renminbi. 13:18 📉 China's foreign exchange reserves are limited due to high foreign debt and a recessionary trend. 13:32 China's foreign exchange reserves are 3.19 trillion US Dollars, but the included foreign debt is equivalent to 2.45 trillion US Dollars. 13:32 Foreign debt accounts for 76.8 percent of China's foreign exchange reserves, limiting the government's available reserves during economic downturns. 13:49 The Federal Reserve's rate hikes and China's rate cuts have led to speculation of Renminbi devaluation. 14:08 Federal Reserve Chairman Powell's speech strengthened the US dollar and exerted depreciation pressure on the Renminbi. 14:52 China is experiencing a recessionary trend characterized by widespread industry depression and high unemployment rates. 14:58
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  44. ! A major incident of thunderstorm asthma occurred in Inner Mongolia, causing severe asthmatic attacks and overwhelming hospitals. 00:14 Families were up all night and hospitals were packed to the brim. Things are getting out of hand in Inner Mongolia. Rain significantly exacerbated asthma symptoms in a patient at the Beijing Shijitan Hospital Allergy Response Center. 🚧 The Chinese military is behind a mine in BeiBen that is causing severe radiation exposure and environmental contamination. 03:21 The mine in BeiBen was initially not an open-pit mine but transitioned to open-pit operations after being acquired by a coal tycoon. Severe body decay and darkened urine in mining transport drivers were initially suspected to be infectious diseases but were later determined to be due to radiation exposure. Rainfall in Hohhot, Baotou, and Ordos has caused radioactive substances from openly stored coal to disperse into the atmosphere, with limited impact in Beijing due to geographical barriers. 🌬 The release of uranium munitions in Iraq and the dispersion of coal containing uranium in China are contributing to smog formation and physical symptoms in residents. 06:42 The uranium munitions released by the United States in Iraq have been vastly exceeded by the uranium radioactive material in coal in Ordos, China. Zhao Lanjian criticized media outlets for neglecting the severity of the nuclear dust leakage and the physical symptoms experienced by people. The Chinese government is inciting hatred towards Japan to divert attention from China's internal and external troubles. 🚨 The rapid pace of mining in China's uranium reserves could result in radioactive pollution and threaten safety. 10:12 The mining of uranium reserves could lead to the destruction of resources and release of radioactive ash. If left untouched, the reserves may be destroyed by coal mining, diverting uranium to power plant furnaces instead of nuclear reactors. Experiments monitoring radiation levels near thermal power plants have raised concerns about the undisclosed environmental dangers of radioactive ash. 😢 Chinese prisoners of conscience are subjected to labor without compensation and face abuse and torture for resistance. 13:29 Inmates in Chinese jails are commonly subjected to labor without financial compensation and face physical abuse, solitary confinement, or torture for resistance. BeiBen acquired mining rights for the Lijia Pagoda Coal Mine, leading to a switch to large-scale open-pit mining due to outdated machinery. The Lijia Pagoda Coal Mine has an annual production capacity of 3 million tons and can potentially generate 6 billion yuan per year based on current coal prices. 🔍 Under Xi Jinping's regime, the governance structure in China has revealed vulnerabilities, leading to reckless actions and a surge in disasters. 17:09 Past leaders masked issues with economic strategies and censorship, but Xi Jinping's aggressive approach exposed long-standing issues. Lower-level officials are engaging in hazardous endeavors, like reopening minimally operated coal mines, to fulfill economic goals. Exploitation and loss of grassroots control under Xi's regime have led to a surge in disasters, including the recent radioactive leak incident. 🔥 The CCP's strategy involves avoiding direct confrontation with the US and the West until they have assured victory, prioritizing unrestricted warfare and insidious tactics. 20:51 There is concern that the CCP's virus strategy, propaganda, and potential deployment of dirty bombs could lead to global disorder. Evidence suggests that the CCP has been engaging with nuclear dirty bombs, amplifying their importance as a central trump card. The CCP holds several trump cards, including alliances with sympathetic Western forces, the possible usage of viruses as weapons, and the deployment of nuclear dirty bombs.
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  45. 🍽 The video exposes the truth behind budget-friendly buffet restaurants in China, revealing the use of cheap and expired drinks, as well as deceptive advertising for seafood. 00:19 Budget-friendly buffet restaurants in China use cheap and expired drinks to cut costs. Some restaurants deceive customers with unlimited top-tier seafood that turns out to be a gimmick. To save money, businesses use cheaper frozen or dead king crab products instead of fresh ones. 🍽 The video exposes the use of low-quality and unregulated meats at coastal buffets, raising concerns about food safety and quality. 02:37 Coastal buffets use older frozen seafood and mixed meats to reduce costs, potentially compromising on quality. Some buffets source grilled meats from unregulated workshops at shockingly low prices, risking the use of meats not approved for consumption. A market survey found that the unlimited lamb hot pot deal offers low-quality meat at a very low price, raising concerns about food safety. ⚠ The video highlights the questionable practices and risks associated with buffet restaurants, including the use of cheap and unsafe ingredients, adulteration of alcoholic beverages, and unhygienic food preparation. 05:22 Buffets often use inexpensive and potentially unsafe vegetables and fruits from wholesale markets. Alcoholic beverages in buffets are commonly adulterated with cheap ingredients, posing health risks to customers. Buffet restaurants may resort to using unhygienic and unsafe practices, such as using gutter oil and low-quality meat. 🍽 The reality of the buffet restaurant was far from the advertised promises, with limited and low-quality food, and potential health concerns. 07:45 Buffet experience did not match the advertisements Limited and low-quality food, with potential health concerns Some buffets may use unknown substances to create false sensation of fullness 🇨🇳 Counterfeiting in China has reached an unprecedented global peak, with the government's campaigns against it being ineffective. 10:15 Counterfeiting is rampant in China, including fake products, currency, and even false evidence in courts. The Chinese government's annual campaigns against counterfeiting seem to be for show, and some believe they tolerate counterfeiting for economic growth. Analysts suggest that the moral degradation caused by years of rule under the Chinese Communist party may be contributing to the issue of counterfeit goods.
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  48. This was a very cool and interesting documentary on Moutai and the CCP: 💥 The death of Yan Y, a leading figure at Ma Tha China's famous liquor brand, and the interactions between Chinese President Xi Jinping and Yan have sparked a public discussion about the health benefits of the liquor. 00:52 Chinese President Xi Jinping expressed his fondness for drinking Ma Thai and inquired about its unique production process and liver protecting properties. The revelations about Xi Jinping's interactions with Yan have reignited a nationwide debate about whether Ma Thai liquor can really be beneficial for the liver. ! The video discusses the drinking habits of a Brazilian president and former Taiwanese president, and how it is deeply rooted in party tradition. 03:50 The Brazilian president's daily consumption of a 500 ml bottle of liquor has raised concerns about potential liver complications. Former Taiwanese president Maying Joe's memoirs illustrate the legendary capacity for drinking in the CCP. 📚 The story revolves around the significance and power of a bottle of Malai from 1984 and its impact on the life of an elderly woman and the Mountai Distillery. 07:17 A single bottle of Malai from 1984 managed to secure 30,000 yen, and 12 bottles could buy a car. Under the leadership of Yanan, the market value of Malti surpassed even the GTP of its home province. Yan was sentenced to life in prison due to his early allegiance to Shiin Ping and his alleged bias towards reserving the finest AG Malai for her. 🔍 Whispers of plots and secrets surround the mysterious death of Yan Yo, raising questions about his true cause of death. 11:33 Whispers of plots and secrets surrounding Yan Yo's death Speculation about Yan Yo's knowledge of CCP's darkest secrets Mentions of Le Banjingling and Jang Jaming 🍷 The video discusses the history and impact of Guo Malai, a brand of Chinese liquor, and how it was affected by famine in the 1950s and 1960s. 15:18 Guo Malai's annual yield of MTI averaged 300 tons before economic reforms. During the famine from 1958 to 1962, Guo Malai saw a production of 2,790 tons. Counties funneled resources towards multi-production, resulting in tragic loss of lives.
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  49. 🗳 Visitors can experience and participate in a simulated version of the National People's Congress at Hanzo's People's Democratic Experience Center using VR technology. 00:06 Hanzo's People's Democratic Experience Center allows visitors to virtually experience the National People's Congress The center was inaugurated by high-ranking party officials and aims to showcase the Chinese style of democracy A video clip of the virtual experience sparked online discussions and amusement among internet users 📺 VR technology used for communist education in China faces challenges and companies begin to falter. 03:01 VR technology used to deepen educational outcomes of party members Developmental difficulties and economic slowdown affect VR companies in China Parent company of TikTok plans staff reductions for its VR company 📢 Pico announces significant layoffs and organizational adjustments in response to slow progress in the VR industry. 06:05 Pico's president announces layoffs and substantial personnel adjustments in gaming, video, and live broadcast teams. Pico plans to merge its mobile OS team into product research and engineering organization, affecting over 300 employees. The organizational structure adjustment aims to focus on long-term exploration and breakthroughs in hardware and core technology. 💰 Pico's performance in the VR market was not too bad, but the entire industry faced a steep decline. 08:39 Pico reached approximately $2.75 billion in revenue for every Pico device sold. Pico's domestic VR market share reached 70% and its global market share increased from 1% to 11%. The VR industry faced a steep decline with a 51% year-on-year decrease in sales volume. 😔 The future of Enterprise Pico and its metaverse project is uncertain after facing challenges and downsizing. 11:46 Enterprise Pico has shrunk from 2,000 employees to less than half its building. B Dan has faced growth challenges, including layoffs and conflicts within the HR department. Tik Tok, a subsidiary of B Dan, has also faced hurdles in the US due to security concerns.
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