Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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😔 The foreign trade situation has changed, with a client switching to a cheaper factory in Vietnam due to lower tariffs, resulting in a slump for freight forwarders.
00:22
Freight forwarders are experiencing a significant decrease in business due to a decline in export orders.
Shipping costs have been high in the past due to high demand, but now they are decreasing as the overall situation worsens.
The cost of container shipping is a reflection of the current state of the economy and trade.
📉 Chinese enterprises are closing down or relocating to Southeast Asia due to regulatory violations and supply chain shifts, resulting in a massive outflow of industries and a decline in China's exports and imports.
03:30
China's total goods trade value in the first 10 months decreased by 6% year-on-year, with exports down by 5.6% and imports by 6.5%.
China's largest trade partner, Asen, experienced a 5% decrease in bilateral trade value, followed by the European Union with a 7.5% decrease, and the US with a 13.3% decrease.
China's trade values with major partners, including Taiwan, South Korea, the Philippines, New Zealand, Japan, the Netherlands, and Germany, have significantly dropped.
📉 Chinese exports continue to decline, with a 6.2% decrease in trade volume for May.
06:25
Exports for May declined by 6.2% to 284 billion, while imports decreased by 4.5% to 218 billion.
The decline in Chinese exports has been ongoing since October last year, with a significant drop in May.
The surge in exports in March and April was attributed to backlog orders and low export volumes from the previous year, but this trend reversed in May due to decreasing overseas demand.
💼 China's exports to the EU and US have declined, while trade with Aien has grown significantly, but with minimal profits compared to Europe and America.
10:26
China is facing internal deflation and a decline in foreign investment.
Experts believe that deflation after the pandemic exposes structural problems in China's economy.
China's weak demand contrasts with the continuous inflation in the US and Western countries.
📉 China's anti-espionage law raises concerns in the business community, weakening investor confidence and leading to authoritarian measures.
13:04
China has ordered economists not to report excessively alarming news, especially regarding currency tightening.
Chinese officials deny deflation in the current and future Chinese economy, citing recovering market demand and improving supply-demand relations.
China's weak exports require reliance on domestic growth sources for economic development, posing a challenge.
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Summary:
00:39 China's Economic Decline: Foreigners and Big Companies Flee as Xi's Power Control Backfires
The arrest of employees from consulting firms in China has put them under scrutiny.
📉 Wall Street's perception of China has shifted as they realize the dangers of Xi Jinping's focus on personal power control at the expense of economic development.
01:25 Wall Street is finding it difficult to profit in the deteriorating business environment in China.
Ray Dalio, a renowned American investor, has shifted his stance on China and began divesting from Chinese stocks. 02:06
China is facing real estate debt issues, the weakening impact of 👑-v policies, strict tech regulations, the sino-US conflict, and population problems. 03:28
Global investors are showing waning enthusiasm for the Chinese market. 04:11
📉 The number of international representatives at the Davos Forum in Tianjin decreased, and the promotional approach raised eyebrows; Goldman Sachs suspended fundraising in the US and shifted focus to the Middle East and Southeast Asia; Western investment banks pulled out of China's AI industry due to potential US sanctions; Returns of investment in Asian markets excluding China outperformed those within China; Asian market outside China may be experiencing an economic boom.
04:28
The Davos Forum in Tianjin had a smaller-scale meeting with a decrease in international representatives.
04:28
Goldman Sachs suspended fundraising in the US and sought investors in the Middle East and Southeast Asia.
05:26
Western investment banks withdrew from China's AI industry due to potential US sanctions.
06:19
Returns of investment in Asian markets excluding China were higher than those within China.
06:57
Asian markets outside China show potential for an economic boom.
08:36
📉 Overseas stock insurance from Chinese companies has diminished, with pricing disagreements and stricter regulations on overseas listing stymieing many deals.
08:50
Overseas stock insurance from Chinese companies fell to 90 billion in 2022 with only six Mainland firms managing to go public.
08:50
Pricing disagreements between high-bidding investors and low-selling Chinese companies have stymied many listing deals.
09:11
China's leadership is implementing stricter regulations on the overseas listing of Chinese companies.
09:17
Some Chinese concept stocks are considering delisting from New York, potentially marking the end of Wall Street's Golden Era of assisting Chinese firms to list in the U.S.
09:32
Foreign banks' participation in China's IPO market has dwindled to its lowest since 2009.
09:47
📉 Wall Street banks are scaling back operations in China due to concerns about investor rights, while the Chinese government seeks ongoing investments from American industry leaders.
13:25
Wall Street is concerned about protecting investor rights in China's opaque data environment.
13:25
Chinese President Xi Jinping anticipates ongoing investments in China by American industry leaders.
13:55
Foreign magnates visiting China may not have genuine investment intentions.
14:27
Wall Street and industry leaders are wary of openly supporting the Chinese Communist Party due to negative public opinion.
15:05
China's economic growth is slowing down and investment risk is increasing.
15:39
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💰 China has launched a new system called the individual income and property information registration, which aims to survey the assets of high net worth and high income individuals.
00:27
The system allows for a comprehensive view of all properties, vehicles, and assets owned by individuals.
Assets above 2 million are under regulatory scrutiny and considered high net worth.
The government is particularly focused on individuals with assets above 6 million.
💰 The Chinese government's recent actions and statements suggest a focus on wealth redistribution and increased scrutiny on wealthy individuals and corporations.
04:04
The Chinese government has targeted industries such as real estate, oil, lottery, and funds for assessment of assets held by beneficiaries.
Recent actions, such as the arrest of the head of China's largest immigration firm and an anti-corruption storm in the pharmaceutical and healthcare system, indicate the government's intent to redistribute wealth.
Regulatory actions against Alibaba and Didi Chuxing, along with major corporations making substantial donations to government-led initiatives, show a pattern of entities feeling compelled to offer donations for their security.
💰 The Chinese Communist party's renewed campaign aims to raise funds, maintain power, and recruit support.
08:18
Efforts in China are notorious for exploiting both plaintiffs and defendants, with lawyers, accountants, and engineers involved in corruption.
The CCP's strategy is to delay the social crisis by resorting to robbery when short of funds.
The CCP aims to secure financing, garner public support, and recruit peasants for military service.
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🇨🇳 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
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💰 Leening's stock value has plummeted by 100 billion HKD due to a decline in sales and boycotts by fans.
00:23
Leening's stock value dropped by 100 billion HKD, amounting to a loss of approximately 6.1 billion Hong Kong dollars or about $7.8 billion US.
Leening's stock has been consistently dropping throughout the year, with a cumulative drop of 8% on November 7th.
The decline in stock value was triggered by angry fans boycotting Leening products after their team's defeat in the League of Legends season 13 World Championship.
👗 International Fashion Week collaborating with top designers and brands faced backlash due to the Shing Jang cotton incident, leading to boycotts and impact on sales.
04:03
Human rights organizations criticized the CCP for forced labor in Shing Jang cotton, leading to boycotts against Western clothing brands like H&M, Nike, and Adidas.
The concept of 'Made in China' was sparked as a response to the boycotts, with a Chinese sports brand, Leing, raising prices and positioning itself as a high-end national sports brand.
Leing's pricing soared, with most items priced in the thousands, including a limited edition sneaker priced at 29,999 Yen ($44,100), a 17-fold increase from its launch price.
👟 Consumers in China are prioritizing cost effectiveness and practicality over brand names, leading to a decrease in consumption of high-end products like Leen ning shoes.
07:45
Consumers in China are replacing high-end brands like Leen ning with other Chinese brands like xep361° and Peak sport.
Leen ning faced boycotts in 2022 over allegations of insulting China with its clothing designs.
Leen ning's clothing line was accused of closely resembling Japanese military uniforms, sparking significant controversy.
📉 Leaning faced a catastrophic stock price plunge and announced a buyback, leading to downgrades in target price and earning forecasts by several foreign institutions.
14:25
Leaning announced a buyback of approximately 1.2 million shares worth 28.97 million Hong Kong dollars.
Foreign institutions like JP Morgan, Dway Securities Group, and City Bank downgraded Leaning's target price and earning forecasts.
Morgan Stanley indicated a lower sales and profit forecast for Leaning for the next 3 years.
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⚠ The spread of a new respiratory infectious disease in China is causing concern, with a significant impact on ch il d ren and schools.
00:15
Outbreak of pediatric pneumonia in Warren County, Washington DC.
China's abandonment of zero covid policy leading to a surge in respiratory infectious diseases, particularly affecting chil dren and schools.
Suspension of classes in kindergartens and schools due to severe respiratory disease season, with a significant increase in pediatric visits to hospitals.
⚠ China is implementing strict measures to control the spread of Covid-19 and other epidemic diseases, including rapid screening for foreign passengers at Shanghai Pudong International Airport.
03:25
Foreign passengers required to undergo rapid Covid-19 screening at Shanghai Pudong International Airport.
Notice issued for comprehensive health services for respiratory diseases during winter and spring seasons.
Call to action for citizens to ensure a minimum of 10 days worth of grain supply in Yiu City, Zhejiang Province.
⚠ The video discusses the skepticism surrounding the Chinese government's handling of outbreaks, the surge in pediatric pneumonia cases in the US, and the accusation of hiding research on the origin of the coronavirus.
06:27
Chinese government's past practice of sealing outbreaks and delaying responses
Surge in pediatric pneumonia cases in the United States
Accusation of hiding research on the origin of the coronavirus
⚠ Neighbouring countries express concern over China's latest outbreak of respiratory diseases and take preventive measures.
09:17
Neighboring countries express concern and take preventive measures.
PCR certificates and health codes are making a comeback in China.
Event attendees in China are required to provide a negative PCR test result.
🚨 The health code system in China has become a tool for surveillance and control, impacting personal freedoms.
12:29
The health code collects personal information and is shared with the Chinese police.
It determines access to buildings and public places based on colour coding.
Local officials enforce the health code, granting them significant authority.
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4:12 was the funnies sentence about 'due debts'🤣🤣🤣🤣🤣😂😂😂😂😂😂😂😂😅😅😄
📉 China's automotive market experienced a dramatic decline in sales, leading to closures of 4S stores and financial struggles for car dealership groups.
00:49
Sales in China's automotive market dropped for the first time in two decades in 2018.
00:49
The COVID-19 pandemic had a brief positive impact on gasoline car sales, but the overall downward trend continued.
01:04
A price war initiated by Tesla and a subsidy policy sparked by a collaboration with Dongfeng Motors led to significant price drops in car models.
02:05
Fossil fuel vehicle sales continued to decrease, resulting in closures of traditional sales channels, including over 1900 4S stores in 2021 and 4000 in 2022.
02:51
Around 55% of car dealership groups faced bankruptcy or severe losses, with only a small percentage managing to turn a profit.
03:34
📉 A critical lack of liquid capital and inability to meet debts has led to a significant downfall of Pang Da Group, resulting in a massive reduction in its dealership network.
04:41
Pang Da Group delisted from the Shanghai Stock Exchange on June 30th due to difficult circumstances.
04:41
Fossil fuel vehicle sales decline, causing losses for 4S stores.
04:51
Chinese car dealers face challenges as the stock warning index spiked at 66.4% in April 2023.
05:03
National passenger car inventory reached a record high of 3.39 million units by the end of May.
05:20
4S auto dealerships employ strategies such as directing vehicles to the second-hand car market and offering preferential rates to employees and media outlets.
06:22
🚗 4S dealerships struggle with low profitability, over-maintenance, and high prices, leading to loss of potential business and alienating customers.
07:55
68% of dealerships confirmed their primary vehicle models are priced below manufacturers' wholesale rates.
07:55
Only 10% of 4S dealerships can boast that half of their transactions are profitable.
08:14
4S dealerships' true profitability lies in customer attraction, maintenance, and insurance services, which have also fallen short.
08:46
4S stores often exaggerate minor issues and charge exorbitant prices for repairs.
09:45
Many consumers prefer alternative repair outlets due to competitive pricing and promotional campaigns.
11:02
⚡ The rise of new energy vehicles is challenging traditional 4S stores and leading to a contraction in the automotive sector.
11:20
4S stores require car owners to remain loyal for maintenance and repairs, but consumers are increasingly disdaining this policy.
11:20
New energy vehicles are gradually eating away at the market share of fuel vehicles, posing a threat to traditional 4S stores.
11:47
Mainstream new energy vehicle brands prefer a direct-sales model, bypassing 4S stores for sales and maintenance.
12:15
The sales strategy of new energy vehicles is contributing to dwindling revenues for 4S stores.
12:57
The number of 4S stores is predicted to dwindle, especially second-tier stores, as new energy vehicle sales continue to grow.
14:33
🚗 The traditional network of 4S stores is shrinking due to decreasing sales of fuel cars, leading to a pricing agreement in the automotive industry being broken and ultimately revoked.
14:51
Sixteen major automakers signed a 'Commitment to Fair Competition in the Automotive Industry' to prevent excessive price competition and maintain stable asset prices.
14:51
Tesla and Volkswagen Shanghai broke the agreement by implementing price reduction strategies to attract consumers.
15:16
Other automakers faced a difficult situation of wanting to reduce prices to maintain market share but not breaching the agreement.
15:44
The China Association of Automobile Manufacturers revoked the pricing agreement, citing it as a violation of the Anti-Monopoly Law.
15:56
The events reflect challenges to traditional sales and service models in the auto market and the impact of the burst of asset bubbles.
16:10
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😔 Layoffs in Shanghai have left many unemployed and searching for jobs, causing a bleak situation in the city.
00:00
Half the company was laid off without full compensation due to the risk of the company going under.
Many people in Shanghai are struggling to find jobs, with some having no luck for over six months.
Living in Shanghai has become increasingly difficult this year, with every industry facing challenges.
📈 Industrial output in Shanghai increased by 12 percent in July, but the cumulative increase for the year was lower than previous months.
03:15
Industrial output in July increased by 12 percent compared to the previous year.
Cumulative increase in industrial output for the year was 7.7 percent, which was 4 percentage points lower than the previous six months.
The decrease in industrial output in January was due to pandemic-related restrictions and the Lunar New Year holiday.
📉 SMIC, China's largest integrated circuit wafer manufacturer, reported a double-digit decline in revenue and net profit in the first half of 2023.
07:52
SMIC's revenue decreased by 19% and net profit decreased by 34% compared to the same period last year.
The revenue from wafer foundry services dropped by 21% and wafer sales volume decreased from 3.7 million pieces to 2.7 million pieces.
SMIC warned about potential future trade restrictions and barriers due to escalating trade frictions between the US or other countries and China.
📉 The Shanghai property market is experiencing a significant downturn, with luxury properties seeing substantial price drops and a decrease in sales.
12:31
Luxury properties in Shanghai are now frequently appearing in the secondary market, with many experiencing ten-million yuan price drops and almost halving their original prices.
In July, there was a 15 percent decrease in per-unit transaction prices compared to June, and less than 100 luxury second-hand homes were sold.
The collapse of the Shanghai property market is resembling a melting ice cream, with both manufacturing and real estate sectors experiencing a downturn.
😢 Brick-and-mortar stores are facing widespread distress, with many closing down or struggling to stay open due to high costs and low profits.
16:54
Brick-and-mortar store owners are forced to abandon their establishments and leave.
The retail sector is experiencing a significant increase in closures.
This year, it has become extremely difficult for store owners to cover rent and basic living expenses.
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