Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China Observer"
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❄ China experiences extreme cold waves and record-breaking low temperatures during winter.
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China hit by an extremely severe cold wave with temperatures plunging to record-breaking lows.
Footage shows a residential area in Northeast China covered in ice and snow, creating a fairyland-like scene.
Unique phenomenon of hot water turning into a cloud and drifting away in extremely cold weather observed.
❄ The video shows the extreme cold weather conditions in the Taklamakan Desert and Inner Mongolia, with temperatures dropping as low as -49°C.
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The Taklamakan Desert is the largest desert in China and the world's second largest shifting sand desert.
Inner Mongolia experienced extremely low temperatures, with the lowest recorded at -49°C in Yakeshi City.
The cold weather led to severe air pollution and challenging living conditions, but life continued as usual with no work stoppage or school closures.
❄ Severe cold wave in China causes disruptions to high-speed trains and power supplies, leading to malfunctions and power outages.
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Severe snow storms affected multiple transmission and distribution lines, impacting 28 cities and 45 districts and counties.
High-voltage transmission lines malfunctioned due to ice damage, leading to power outages in several regions.
The weight of the ice on power lines caused the collapse of power towers, with repairs still underway.
❄ Severe winter weather causes chaos and record-breaking lows in China.
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Female student forced to crawl back to dorm in snow-covered steps.
Primary school path covered in thick ice causing frequent falls among students.
Historical low temperatures recorded across 23 provincial capital cities.
🌨 A strong cold front is causing a significant drop in temperatures, leading to snow and ice disasters, and impacting social welfare and food prices in some regions.
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Central and Eastern parts of the country are expected to be affected by a strong cold front
Residents in Beijing have reported a sharp increase in vegetable prices due to the snow
Centralized heating systems in various regions have come under criticism for disruptions and malfunctions
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Struggles of Chinese Delivery Workers: Low Earnings, Age Limit Concerns, and Unresolved Welfare Issues
😢 The deteriorating business environment in China has led to an accelerated withdrawal of foreign enterprises and a wave of closures among private businesses, causing an overcrowding of the food delivery industry and stricter regulations for delivery workers, including an age limit.
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Delivery riders in China face challenging conditions, including low wages, long hours, and negative reviews.
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The Chinese government's policies, such as the sudden relaxation of the zero Covid policy, have had a severe impact on people's livelihoods and the economy.
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There is an accelerated withdrawal of foreign enterprises and closures among private businesses in China.
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The ranks of the unemployed are swelling, leading to an overcrowding of the food delivery industry.
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There are age restrictions for delivery work, with reports suggesting an age limit of below 45 years for delivery personnel.
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Delivery platforms like Meituan have implemented age limits for safety reasons, but this approach is seen as arbitrary and unfair.
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A more reasonable approach would be to assess a person's physical condition rather than relying solely on age as a reference.
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! Maywine's delivery platform imposes age limits on riders, causing concerns among netizens.
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Maywine's delivery platform limits the age of riders to between 18 and 57 years.
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Netizens doubt if being able to register guarantees getting orders.
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Blue Well Media journalists found that some recruitment coordinators hang up or confirm the applicant's age, limiting job opportunities for older individuals.
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Unemployed people in their 30s and 40s are facing limited options due to the age limit.
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Maywine generally sets a 45-year age limit for recruiting dedicated riders, with some locations setting it at 40.
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Screenshots reveal explicit age limits for different districts and requirements such as health certificates.
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Maywine's HR mentioned that there is a slight chance of getting hired if a person looks young.
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! The job of food delivery riders in China is becoming increasingly desperate due to low income, oversupply of workers, and long working hours.
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Food delivery riders in China face age restrictions, with most job advertisements preferring younger riders.
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The job of a food delivery rider, once physically demanding and low in prospects, is now sought after due to the declining economy and scarcity of jobs.
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The income of delivery riders has been steadily decreasing, making the job even more unbearable.
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A delivery rider shares his experience of working long hours and earning very little, expressing his frustration with the job.
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The unemployed have flocked to the food delivery industry, leading to an oversupply of workers and a decrease in pay.
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A delivery rider warns others not to join the industry, citing low income and lack of orders.
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The delivery rider worked for 13 hours and only received 25 orders, earning just 100 yuan.
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🛵 Delivery riders in China face a perilous situation, with high demand and intense competition, leading to risky behavior and poor working conditions.
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Over 800 orders were received for 70 delivery riders in a span of less than 24 hours.
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There were 13 million food delivery riders in China by the end of 2021.
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In February 2023 alone, Meituan opened 500,000 new positions for riders and station managers.
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Delivery riders can only handle about 30 orders per day.
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Riders work long hours, often 9 to 12 hours daily, with almost no orders at other times.
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Delivery riders face high risks, including traffic accidents and injuries.
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Delivery platforms prioritize delivery time, leading to reckless behavior and disregard for safety.
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🚴 The welfare and protection of food delivery riders in China remains unresolved, with platforms like Mwine providing no job security, minimum wage, fixed working hours, or social insurance.
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Food delivery industry in China has become a trap for low-income earners and the unemployed.
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Mwine, a food delivery company in China, does not provide formal employment contracts to its delivery drivers.
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Chen Gu Jang, a delivery rider and advocate for workers' rights, was detained after criticizing Mwine's unreasonable demands.
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Delivery riders have no channel for appeal and the platform controls everything, including fines.
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Delivery riders lack job security, minimum wage, fixed working hours, and social insurance.
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Intense competition among internet companies has led to lowered prices and reduced commissions for delivery riders.
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The algorithm used by platforms like Mwine prioritizes riders who work longer hours, disadvantaging those who want flexible hours.
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📅 On August 18th, Simon Electronics disbanded and many other factories in Shenzhen also shut down, leaving workers unemployed.
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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.
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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.
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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.
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🏪 The once famous musical instrument street in Shanghai has experienced a significant decrease in consumer demand, resulting in the closure of many shops.
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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.
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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.
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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.
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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.
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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.
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Amphibious tanks being transported from Xiamen to Fuzhou in Fujian province raise speculations of escalating military preparations.
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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.
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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.
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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.
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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.
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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.
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📉 Taiwanese businesses are withdrawing from China, impacting Fujian's economy and foreign trade sector.
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Reasons for Taiwanese businesses exiting China include escalating labor costs, disappearing policy incentives, challenges such as intellectual property theft, and deteriorating macroeconomic environment.
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Fujian heavily relies on the export sector, with 45% of provincial-level tax revenue coming from foreign trade activities.
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Fujian's export scale grew fifteen-fold from 1997 to 2021, reaching 167 billion US dollars.
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Quanzhou City serves as the primary hub for product exports in Fujian, focusing on electromechanical products and textiles.
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Cross-strait relations and the shadow of war have impacted Fujian's economy, with a potential discrepancy in reported economic growth.
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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.
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The Democratic Progressive Party in Taiwan has consolidated power and become more assertive towards mainland China.
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🚨 Increased military activity in the Taiwan Strait raises tensions between China, Taiwan, and their allies.
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11 Chinese military aircraft and 4 naval vessels breached Taiwan's southwest airspace, leading to Taiwan's military response.
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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.
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US and Canadian military vessels traversed the Taiwan Strait for the second time this year, causing condemnation from China.
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US President Joe Biden expressed doubt about China's capability to invade Taiwan due to their economic crisis.
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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.
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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.
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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.
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📉 The Renminbi exchange rate has been consistently declining since May, reaching its lowest level since 2014.
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The Renminbi broke through the threshold of 1 US Dollar to 7 Renminbi on May 17th.
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The onshore Renminbi has depreciated by about 4 percent against the US dollar since the start of the year.
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The Renminbi is essentially at its lowest level since 2014 according to the Renminbi's real effective exchange rate.
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Chinese state owned banks sold US Dollars to prop up the Renminbi exchange rate.
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The idea of replacing the US Dollar with the Renminbi is unrealistic due to the dominance of the US Dollar in global currency transactions.
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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.
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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.
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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.
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Russia faced economic sanctions and had limited access to dollars and euros, leading to the need to sell Yuan and purchase with other currencies.
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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.
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The payment ratio of the Chinese Yuan dropped by 20% compared to two years prior, indicating a lack of significant adoption in international payments.
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💰 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.
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The international market's lack of capacity to accept Yuan causes the Yuan exchange rate to fall.
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There is no international Yuan bond, which means holding Yuan does not earn interest.
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Mainland China needs to sell something to maintain the value of Yuan, or else Yuan is sold for dollars.
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China strictly limits domestic citizens' foreign currency exchange capacity.
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The existence of the offshore Renminbi exchange rate market leads to the sharp drop in the Renminbi exchange rate.
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📉 The decline in the offshore Renminbi exchange rate reflects China's economic issues.
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Hong Kong and London are the two largest offshore Renminbi trading centers.
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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.
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The uncontrolled offshore Renminbi has become a 'barometer' influencing the trend of the Renminbi exchange rate and reflecting China's economic problems.
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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.
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China's foreign exchange income and reserves are insufficient, making it difficult to maintain the stability of the offshore Renminbi.
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📉 China's foreign exchange reserves are limited due to high foreign debt and a recessionary trend.
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China's foreign exchange reserves are 3.19 trillion US Dollars, but the included foreign debt is equivalent to 2.45 trillion US Dollars.
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Foreign debt accounts for 76.8 percent of China's foreign exchange reserves, limiting the government's available reserves during economic downturns.
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The Federal Reserve's rate hikes and China's rate cuts have led to speculation of Renminbi devaluation.
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Federal Reserve Chairman Powell's speech strengthened the US dollar and exerted depreciation pressure on the Renminbi.
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China is experiencing a recessionary trend characterized by widespread industry depression and high unemployment rates.
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💔 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.
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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.
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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.
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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.
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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.
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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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Private Companies in China Facing Bankruptcy and Closure Due to New Company Law Amendments and Economic Pressures: The Impact on Employees and the Economy
💼 Private companies in China facing bankruptcy and closure due to new company law amendments and economic pressures.
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Private companies in China facing bankruptcy and closure
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New company law requires actual payment of registered capital within 5 years
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Over 40,000 companies in Shenzhen reducing their capital
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China's economic future looks concerning with a continued downturn
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Revised company law to take effect from July 1st, 2024
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Modifications to the subscribed registration system for limited liability companies
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Issues with original company law including indiscriminate subscription and overly high capital amounts
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💼 Private companies in China face challenges due to new legislation and the prevalence of shell companies.
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Many Chinese companies have unclear paid-in capital and may apply for reductions after new policy details are released.
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China harbors over 4.5 million shell companies, with a 25% growth rate for those set up for money laundering purposes.
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Shell companies are used for illegal activities such as money laundering and financial fraud.
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New legislation aims to curb financial fraud through shell companies, impacting domestic and cross-border e-commerce.
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Many e-commerce operators are concerned about the impact of the new laws on their business operations.
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The new regulations also affect large cross-border e-commerce companies established overseas for growth.
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📉 Private companies in China facing financial struggles due to loopholes in company law.
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2013 revision of China's company law changed registration capital system, creating loopholes for businessmen.
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Investigation revealed companies with high registered capital had no actual funds or offices.
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New rule requiring actual capital contribution within 5 years triggered wave of capital reduction among companies.
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Financial firms offering capital reduction services finding business opportunities.
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Thousands of companies in Shenzhen have reduced their capital to avoid fines.
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Drastic reduction in capital raises suspicions about initial falsification to appear financially robust.
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Many small companies in China register with high capitals without actual funds.
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💰 Struggling private companies face financial challenges, impacting employees and economy.
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Struggling private companies with high registered capital face financial difficulties.
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New company law in China requires timely payment of registered capital, impacting small businesses.
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Impact of the new company law results in economic difficulties and potential closures.
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Chinese economy faces deflation risk, leading to wage decreases and potential spending cutbacks.
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Impact of economic challenges results in deserted streets and homelessness in industrial areas.
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Workers forced onto the streets due to economic hardship, waiting for job opportunities.
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Resident expresses struggle with unemployment and bleak future prospects.
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💼 Private businesses in China are facing bankruptcy and struggle due to economic downturn and government policies.
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Many businesses are struggling to survive after 20 years of operation.
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Youth unemployment rates in China are soaring, with no relief in sight.
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The revised company law provides a 5-year grace period for companies to meet their capital requirements.
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The economic downturn is posing challenges for private enterprises.
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The mandatory contribution requirement is adding barriers to entrepreneurship.
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The government policies seem to be increasing the costs of entrepreneurship.
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The situation may potentially drive young people out of the workforce.
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🏢 Prime retail spaces in a country with a population of 1.4 billion are now empty, leading to deserted commercial centers and struggling small business owners.
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The once bustling commercial centers and pedestrian streets are now nearly deserted.
Small business owners are finding it difficult to keep their shops open and describe their business as bleak and barely sustainable.
The pandemic was just the beginning of the challenges faced by physical stores.
📉 The economic downturn and withdrawal of foreign capital in Shanghai has led to a decline in consumer spending, causing businesses to struggle and stores to close.
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The Bund in Shanghai, a major financial and trade center, is experiencing a decrease in foreign residents and tourists due to geopolitical reasons and the pandemic.
The decline in foreign residents and tourists has resulted in a loss of income for physical stores in Shanghai, along with a decrease in consumption levels among Chinese residents and the impact of e-commerce.
The trend of struggling stores and closures is not unique to Shanghai but is happening nationwide, as seen in the example of Guango, a first-tier city.
💼 The closure of physical stores due to the rise of e-commerce is leading to unemployment and impacting the overall economy.
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The closure of physical stores results in increased unemployment and difficulties for logistics companies and suppliers.
Consumers are reducing their spending, leading to fewer clothes being bought and fewer visits to supermarkets.
Despite the closure of physical stores, fruit and vegetable wholesale markets are still in demand as people still need to eat.
! Businesses are experiencing a significant decline in revenue, with some even losing money and expressing a lack of confidence in the future.
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Many businesses have seen a drastic decrease in revenue in October, with some losing money just paying rent.
Business owners are losing confidence in the future and believe that business conditions are only getting worse.
Businesses have experienced a continuous decline in revenue since October, with a drop of 80% in current revenue.
📉 The downturn in China's real estate market has led to a depression in industries related to it, as reflected by the empty lighting mall and closed shops.
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The lighting mall has four floors but no customers can be seen, with many shops closed down.
Business this year is even worse than before the pandemic, according to comments from citizens.
The economic data released by official sources is also not optimistic.
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📉 China's manufacturing demand has plummeted, leading to concerns about the country's future and potential disintegration within the next decade.
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Geopolitical analyst Peter Zeihan predicts China may disintegrate within the next decade.
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China's manufacturing demand has dropped by 40% since 2018.
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Peter Zeihan dismisses the notion of China becoming the world's leading economic and military power.
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Zeihan also refutes claims of China being a technological leader and manufacturing powerhouse.
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China's reliance on trade and an aging population pose significant challenges for its economy.
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🌍 China's population decline and dependence on food imports due to globalization may lead to economic and societal collapse.
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China's rapid urbanization led to a significant decline in population growth, with an average of 0.7 children per family in cities like Shanghai and Beijing.
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China's labor costs have skyrocketed fifteen-fold since 2000, and the aging population worsens the issue of competitiveness.
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China's agriculture is inefficient and heavily reliant on human labor, with many people in cities having forgotten how to farm.
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China heavily depends on food imports to sustain its 1.4 billion population, and the collapse of globalization and trade would pose a significant challenge.
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The manufacturing sector in China is facing challenges, with Western companies like Apple moving their operations out of the country.
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🍎 Apple's heavy reliance on China's supply chain and the challenges they face in diversifying it.
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Apple's supply chain is heavily tied to China, with 91% of it located there.
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Apple considered moving its manufacturing to Vietnam, but it would take at least five years to establish a supply chain there.
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Tim Cook expressed his desire to pull out from China, but faces challenges dealing with Chinese leaders.
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China's energy crisis and heavy reliance on oil imports.
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China's economic situation is in poor shape due to pandemic lockdowns and supply chain disruptions.
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📉 China's lockdowns due to ineffective vaccines have resulted in a significant drop in orders, weakening exports and manufacturing industry.
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The lockdowns severed the supply chains between China and the rest of the world.
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China's political system may lead to a severe crisis in the next 5 to 10 years.
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Xi Jinping has consolidated power and remains unchallenged.
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Absurd government actions and unwise decisions are being made at the highest level.
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The CCP's assumptions about capturing Taiwan are fundamentally flawed.
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🔥 If China instigates a war against Taiwan, it would lead to their own destruction as they lack control over maritime territories and would face deindustrialization and famine within a year.
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China's economy is built on a fragile foundation and could collapse if it loses its cheap labor and external resources.
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China is facing multiple crises including population collapse, a food crisis, manufacturing collapse, and political collapse.
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China's possible downfall could have significant repercussions globally.
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💰 China's Evergrande Group, once a leading real estate enterprise, has descended into financial crisis and bankruptcy, with allegations of intricate monetary dealings with high-ranking CCP officials.
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Evergrande's staggering debt of 2.43 trillion yen and a debt to asset ratio of 132.5.
Allegations of monetary dealings involving high-ranking CCP officials amounting to approximately 1.6 trillion yen.
Evergrande's influence extends deep within CCP echelons, causing shock waves in the Chinese real estate market.
💣 The video discusses the commonly employed strategy of scare tactics by CCP leaders to target individuals and exert psychological pressure on them, highlighting the intricate link between power and China's market economy.
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Scare tactics are often used by CCP leaders to target individuals and exert psychological pressure.
China's market economy is intricately linked with power and collusion.
The lavish lifestyle preferences of Shuing and his family have been exposed, causing fear among those with prior affiliations with the company.
! Peter has specific preferences for his living conditions, including room temperature, water, and food.
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Peter prefers a room temperature of 23.5°C with 60% humidity.
Peter likes Evan bottle water with the most recent production date.
Peter requests specific food and drink preferences, including boiled peanuts, Red Bull, and coffee.
🏢 The Evergrande Group owns and supports the Evergrande Folk Dance Troop, which is a large performance team with hundreds of members.
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The Evergrande Folk Dance Troop is housed on the 42nd floor and serves as their accommodation.
The troop receives continued monthly financial support despite the company's debt crisis.
Prospective members of the troop undergo a rigorous selection process.
📺 A video exposes Chinese businessman Shua In inviting business magnates, including Jack M, to watch a performance by his handpicked all-female troop, highlighting his extravagant investments and lavish lifestyle.
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Shua In views his performance group as a major PR asset.
Shua In's investment in the all-female troop aligns with the desires of CCP officials.
There have been instances of chaos during Ever Grand's real estate group's debt meetings, and the troop has seized operations after the company's collapse.
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😕 Many consumers were disappointed with the quality of products they purchased during the double 11 sale, with some receiving counterfeit and substandard items.
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Some users received more items than they ordered from online sellers.
The low price strategy of the double 11 shopping festival led to a widespread trend of consumer downgrading.
Consumers were lured by low prices but ended up buying counterfeit and substandard products.
! The rise of e-commerce in China has led to an increase in counterfeit products due to low entry barriers, high user traffic, and low costs.
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The development of China e-commerce has been accompanied by product quality issues and the proliferation of fake goods.
Low prices, high profits, and no-holds-barred promotions are the biggest selling points of knockoff products.
Social platforms like WeChat, TikTok, and Qu Show have become channels for the circulation of counterfeit goods.
😔 The cosmetic industry admits to making fake cosmetics, causing frustration for formula scientists.
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The cosmetic industry admits to making fake cosmetics using dyes to mimic natural ingredients.
The practice of selling fake cosmetics under the name of Aenon Essence is not illegal.
Formula scientists are frustrated with their fixed salaries and lack of contribution to society.
🛍 China's counterfeit industry continues to thrive, with millions of physical stores and online platforms selling counterfeit goods at low prices.
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In 2016 alone, over 18,000 stores selling counterfeit goods were shut down and 380 million links to counterfeit goods were removed.
Counterfeit merchants often reappear on other platforms under different names.
Despite the high risk, people are still drawn to buying counterfeit products due to low prices.
👗 A Chinese clothing brand called temu is gaining rapid recognition in the US e-commerce market by offering low-priced women's clothing.
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temu offers a comprehensive 20% discount on almost all women's clothing priced below $20.
temu's low pricing strategy is possible due to their long-term cooperation with low-cost Chinese manufacturers.
temu quickly gained market share in the US, posing a serious challenge to Amazon, but their thin profit margins require significant investment in marketing to establish a large customer base.
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